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<br /> � payments may no lor.ger be required,at the optioa of Leiuter,if mortgage imurance coverage(in the amount and for the period � .F�
<br /> � � , thai Lender requires>provided by an insurer appmved by Lender again becomes available and is obtained. Borrower shall�pay - �:'�`
<br /> , � the premiums required to maintain mongage insurance in effect,or to provide a loss resen•e,until the requinment for mortgage .
<br /> ' ,. :
<br /> : . : inyurance eads in acc�rdance with any written agreement between Borrower and Lender or applicable taw. _ , �
<br /> . � 9.laspection.L.ender ur its agent may make reasonable enn-ies upon and inspections of the Praperty. Lender shall gi�e . � -
<br /> . . ,- Borrower notice at the time of or prior to an inspection specifying reasaaable cause for the inspection. � - ��"-,`.=
<br /> ,....
<br /> - -- .r--�-�;' !0. Condemnatdoa.The procei.ds of any awazd or claem for darnages. direct or coasequential. in connection with any =_=..-.���:_.-
<br /> �'
<br /> � condemnation or other taking of any part of the Property,or for conveyance in Iieu of condemnation,aze hereby assigned and ,' ��4 `
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<br /> ` '. � shall be paid to I.ender. ;,:` _ �''�
<br /> - ` In the event of a total taking of the Property.the proceeds shull be applied to the sums secured by this Securiry tnstrument, �
<br /> � wfiether or not then due. with any excess paid tu Borrower. In tfie event of a partial taking of the Property in which the fair � ` " _
<br /> , , L market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by tius ;,f` ` f I��' -
<br /> . . ` Sec�rity Instrument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured hy
<br /> ` this Secnrity Instnunent shall be rednced by the amount of the praceeds multiplied by the fo!lowing fraction (a) the total � _ '•,:�:z,�?�;.:�.
<br /> . � amount of the sums secured immediately before the taking, divided by (b)the fair market valae of the Property immediately �,«__
<br /> - , before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair '"�S�� �! ;°'�":�-
<br /> �, . market value of the Property immediately before the takir�g is less than the amount of the sums secured immediarely before the � ;`_�{.� _..._
<br /> • , taking, unless Borrower and l.ender otherwise agree in writing or unless applicable law othenvue pmvides,the proeeeds sha!! • ���-----
<br /> . �• � be applied to the sunu secured by this Security Instrument whether or not the sums are then due. , . `';���;
<br /> . ' � '. If the Property is abandoned by Borrower,or if,after nouce by Lender to Borrower that the condemnor offers to make an . .:;�';�;.;�-:�
<br /> , ,: . , award or,ettle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, , ;�,`:�x�;"•!=�•••-
<br /> _ , ' l�.� �rf'
<br /> � Lender is authorized to colFect and apply the pcoceeds,at its opiion,either to restoration or repair of the Property or to the sums �-�� . ' S�:
<br /> ; secured by this Security Instrument,whether or not then due. . .� ��
<br /> . . �; --
<br /> ' � • Unless Lender and Borrower otherwise agee in writing, any application of proceeds to principal shall not extend or x' r�-"
<br /> �. , postpone the due date of the monthly pay:nents referred to in paragraphs 1 and 2 or change the amount of such paymenu. ';Q,.��.,'-,
<br /> � - -��'•} ll.Bomnver Not Reteased;Forbearanoe By Lettder Not a Walver.Entension af the time for payment or madific-ation �•• - ' °
<br /> ` �: ; of amonizadon of the sums setured by this Securiry Instrument granted by Lender to any successor in interest of Borrower shall *
<br /> . `._���,.
<br /> � � "� not operate to release the tiability of the original Borrower or Borrower s successors in interest. Lender shall not be rcquired to � • i;::
<br /> . commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modity amortization �": �'� •
<br /> �°' � of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's '��" ' ;'�- ---
<br /> _ � • � .�� successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the 't:`'.a'�
<br /> . exercise of any right or remedy. "'T'f'''.
<br /> ,.'.,. .,,�.. _.--
<br /> ` ll. Succe�o�s and Asstgns Boand;doint and Several Liability; Co-signers. The covenants and agreements of tl�is :�''r��
<br /> :'��-
<br /> �} Security Instrnment shall bind and benefit the snccessors and assi�ns of Lender and Borrower, subject to the provisions of - - � �� _-
<br /> __ . � . paragraph }7. Borrower's covenanu and agreemenu shall be joint and several. Any Borrower wha co-signs this Security � � .��
<br /> � ,:..� Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convcy that ���••,.�:`�«�i._�_
<br /> �t' Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums � , . � �f`�r== .
<br /> •` � �` secured by this Security Instrument:and(c)agrees that Lender and any other Borrower may agree to extend,modify,farbear or `�:;'��.
<br /> � � ' E make any accommodations with regard to the terms of this Securiry Instrument or the Note without that Borrower's consent. �. � � ��'
<br /> • • 13.Loan Chasge�.lf the loan secured by this Security Instrument is subject to a law which seu maximum laan charges. � ..;_�_T-
<br /> - • � and that law is finally interpreted so that the interest or other loan charges collected or to be cvllected in wnnection with the � '; �; � �,;,
<br /> � . toan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge . ��' �
<br /> .�_
<br /> ' - '.i to the pernutted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to �
<br /> � •. , �;� Borrower. Lender may choose to make this refund by redacing the principal awed under the Note or by making a direct �~ ."��J`�:..
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated ac a oartial prepayment without any :;�::`.
<br /> , ' prepayment charge under the Note. ,:
<br /> ,• 14.Notices.Any notice to Borrower provided for in this Security lnstrument shall be given 6y delivering it or by mailing ..'
<br /> , � it by Grst class mail unless applicable law requires use of another method. The notice shall be directed to the Praperty Address , � . ,. .
<br /> � or any ather address Borrower designates by notice to Lender. Any notice to Lcnder shall be given by first class mai! to . � .
<br /> �_ Lendcr's address stated herein or any other address Lender designates by notice to Borrower. Any natice provided for in this . .� � .
<br /> , : . . �� Security Instrument shap be deemc:d to havz been given to Borrawer or Lender when given as provided in this paragraph. . • •
<br /> . � � IS.Governin� I.aw: Severabiltty. This Sccurity lnstrument shall bc govemcd by fecieral law and the law of the .
<br /> ' � jurisdiction in which the Property is located. In the event that any provisian or clause of thiti Security lnstrument or the Note , ;' .
<br /> conflicts with applicable law, such conflict shall not 2ifect other provisiom of this Security (nstrument or the Note which can be ..
<br /> given efFect without the amtlicting provision.T��this end the provisions of this Security Inswment and the Note are declared
<br /> r,.' � to bc scvcrubla .` .
<br /> : � 16.Borroa�er's Copy.Borrower xhall be given�me conformed c��py��f the Nnte and of this 5ecurity ln�trument. �
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