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<br /> .�' � � ma no lon er be required,at the opuon of i.ender,if mortgage incurance rnvemge(in the amount and for the period ,. ,� ,
<br />_. -' . - -"j �YdyIi1C[IIS y g � �
<br /> ,'��� that Lender requires)provided by an insarer approved by Lender again becomes available and is obtained.Borrower shali pay
<br /> <�` . ,,•£ �p�nmc�quired to maintain mortg�ge insurance in effect.or to provide a loss rescrve,until the requirement for mortgage "_.� ��
<br /> � ,. ' ���nce ends in accordance with azry written agreement between Borrower and Lxnder or app li c a b le law.
<br />� �.`:�-� g,Insqtectfon.Lender or its agent may make reasonable entries upon and inspections of tiie Property. Lender stiall give - - .
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<br /> Borrower notice at the time of or prior to an inspecrion specifYing reasonable cause for the inspection.
<br /> ,_ �:.�� tg. C����n,'�'he proc�s of any award or claim for damages. direct or consequential, in coaaectiun with any
<br />„ condemnation or other taking of any part of the Property.or for wnveyance in liea�of condemnarion,are hereby assigned and
<br /> • �� shall be paid to I.ender. J "`�''r `.
<br /> - In thc event of a total taking of the Properry,the prooeeds shall be applied to ttie sums secured by this Security Insuument, 4 .. :a; '.'
<br /> - ` , •`� - wkether or not then due,with an}r excess paid to Borrower. In the event of a partial taking of the Property �n which the fair , . � ; •
<br /> ` � . - market value of the Property isnmediately before the taking is equal to or greater than the amount of the sums secured by this �- � _. .. __
<br /> <s';. Security Tnstnunent immediately before the talang,unless Borrower and Lender otherwise agrue in writinS•che sums secur+ed by .
<br /> <"t ' . , �����; .i; this Security Instrument shall be reduced by the amount of the pmceeds multiplied by the foltotving fraction: (a)the total .°`^,t`,,,:_
<br /> ',:�� � • amount of the sums secured immediately before the taking, divided by (b)the fair martcet valae of the Property immediately . . � __
<br /> 4 , . before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair .� ---
<br /> ' � market value of tt�e Propercy immediately before the taking is less that►the amowtt of the sums secured immediately before the
<br />_sr'• .� .:,::2-, ::c taking.unless Borcower and Lender othera+ise agree ia writing or unless applicable law otherwise providta. the pmceeds shall _ --
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<br /> � �. 3 be aFplied to t l t e sums seau'ed by this Securi ty Inscrument whether ox not the sums are then due. _
<br /> f ' F ,';� If the Property is abandoned by Borrower,or if,after norice by Lender to Bomnwer that the condemnor offers to matce an ::��
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<br /> �.•:;� award or seule a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is given, . ,:,.���
<br /> ':�,- , . '�;�£ Lendet is authorized m caltect and apply the proceeds,ai its option,either to restoration or repair of ihe Properiy or to the sums �t_�:�-:.. ��
<br /> • " secured by this Security Insuument.whether or not then dae. �l�on of rooeecls to rinci shall not extend or ���
<br /> '�� Unfess Lender and Borrower otherwise agree in writing, any app P p � • � r_
<br /> '.�� • '` postpone the dae date of the monthly payrtsents referred to in paragraphs i and 2 or cdange the amount of such payments. � :;i�_::.��:�
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<br /> 11.Borrower Aiot Released;Forbearance BY�n�'Noi a Waiver.Extension of the 6me for payment or modification � T��,:
<br /> of amortization of ihe sums secured by this Security Instrument granted by Lender to any successor in interest of Bonower sha11 ���":,,; � -
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<br /> not operete to release the liability of the original Borrower or Borrower's saccessors in interest.Lender shall not be required to -___
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<br /> commence pmceedings agaiast any successor in interest or refuse to extend[ime for payment or otherwise modify.amorrization
<br />•'•t' ' of the sums secured by this Security Instrument Isy reason of acty demand made by the origiaa! Horrower ar Borrower's _�
<br /> - � successors in interest. Any forbearance by Lender in exercising any right or remedy shall nat be a waiver of or pneclade ttee f ;� �_
<br /> � exercise of any right or remedy. , , -�:._
<br /> ' � � 12. Succes.sars and Assigas Boand; doiut and Several Liability; Co-signers. The covenants and agreements of this `�
<br /> ���,f-� ` � Security Instrument shali bind and bene�t [he saccessors and assigns of Lender and Borrower, subject to the provisions of �'•�`"'—"'_
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<br /> __ . _._. ..... p�gr�ph �7, Sorrower's covenants and agreements shall be joint and several. My Borrower who co-signs this Security . � � _
<br /> � Instrument but does not execute the Note: (a)is co-si in this Securit Insmiment only to mortgage, grant and convey that `���. �-•`__
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