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<br /> at the option of l,ender, iP m�rt�a�e insurance coveraEe (in the smount und Por tho period thot I,ender requires) -
<br /> � provided by an insurer appraved by I.ender again become.9 evnilable and ia obtained. liorrower ehull puy the: premiumh �I �
<br /> required to maintuin mortgage insurnnce in effect,or tn providc u Ic�s,v reservo, until the rcyuirement for mcirtgnge
<br /> � insurancc cnda in uccordnnce�aith any written egceement between 13orrc�u•cr and l.cnder or applicnble lac;•.
<br /> 9.Inapection.I..ender nr ita agent may make reasonable entrie.supon and inepectione of the Yroperty,I.cndcr ehall , „ _
<br /> give Borrower notice at the time of or prior to an inepection�speciPyin�reasonable cuuse Por the inepecticm.
<br /> 10. Condemnation.'I'he proceeda of any award or claim tor damoges,direct c�r consequentiel,in connection with
<br /> any condamnation or other teking ot any part of the Property,or for conveyance in lieu of condemnation. ere hereby ;
<br /> assigned and ehall be paid to I,ender.
<br /> In the event of a total tekin�of the Property,the proceeda ehall be applied to the sums secured by thie Security ..
<br /> Instrument,whether or not then due,�vith any excess paid to Borrower. In the event af a partial tnking of the Property in ,
<br /> which the fair market value of the Property immediately before the taking ia equal ta or greatcr than the nmount o4 the _
<br /> suma secured by thie Security Inetrument immediately betore the tnking,unless Horro�ver and I,ender othertvise agree
<br /> in writing,the sume secured by this Security Instrumont shall be reduced by the amount of the proceeds multiplied by _���?�-`�
<br /> the following fraction: (a) the total amount of the sums secured immediately betore the taking,divided by (b) the Yair � . __
<br /> market value of the Property immediately bafore the taking. Any balance ahall be paid to Borrawer. In the ovent of a .. . ,�r=-
<br /> partial tnking of the Property in which the fair market value of the Property immed�ately before the taking ia less than ;,- �
<br /> • the amount of the sums secured immediately before the taking,unless Borrower and Londer otherwiso agree in writing , :
<br /> � or unless applicnble law otherwise provides, the proceeda ehall be applied to the suma secured by thie Security � t°�`�
<br /> Inatrument whether or not the sume ara then due. � �:`
<br /> If tha Property is abandoned by Borrower,or if,after notice by Lender to Borrov�er that the condemnor offere to k:�.
<br /> � make nn uward or settle a claim for damages, Horrower taits to respond to Lender within 30 days after the date the r��-
<br /> ;°, � notice ia given,Lender ia authorized to collect and upply the proceeds, at its option,either to restoration or repair uf the �e�= -
<br /> � Property or to the sums secured by thie Security Instrument,whether or not then due.
<br /> �p Unless Lender and Borro�ver otherwise agree in writing,any applicetion of proceeds to principal ehall not extend or ;, ��'
<br /> . '�!� postpone the due date of the monthly payments referred to in paragrapha 1 and 2 or change the amount of such ;,�;-
<br /> paymenta. �` . .�
<br /> � 11. Borrower Not Releesed; Forbearance By Lender Not a �Vaiver. Exteneion of the time for payment or •�,,'•,,' � �
<br /> --=T r,:adi.°ics:iQr.o€ s::�:oriizaiior of rhP a,�mn eP.cured by this Security Instrument granted by Lender to any successor ia - '' '
<br /> -- - .;,t
<br /> interest of Borrower shnll not operate to release the liability of the original Borrower or Borrower's succcssore in �:' `_-
<br /> . interest. Lender ahall nat be required to commence proceedings againat any euccessor in intereat or refuse to extend
<br /> time for payment or otherwise modify amortization of the sums secured by thie Security Instrument by reason of any :; �,
<br /> � demand made by the original Borrower or Bonower's successors in interest.Any forbearance by Lender in axercising `� ��:
<br /> any right or remedy shall not be a waiver of or preclude tha exercise of any right or remedy. ° :F
<br /> ., 12. Successors and Aeaigns Bound;7oint end Several Liability; Co-signers.The covenants and egreements ��-
<br /> „ � of this Security Instrument shall bind and benefit the euccessor� and essigns of Lender and Borrower,subject tA the ,�:
<br /> � provieions of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who co'signe � '
<br /> 1� this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgnge, ,�•'� !�
<br /> �; grant and convoy that Borrower's interest in tha Property under the terme of this Security Inatrument; (b) ie not � �� '
<br /> • pei�sonally obligated to pay the sume secured by this Security Instrument;and (c) agrees that I.ender and any other ::r�-���-_
<br /> Borrower mey agree to extend,modify,forbear or malce any accommodations with regard to the terms of this Seeurity �'��,
<br /> ' � �' Instrument or the Note without that Borrower's consent. '•P�"��-
<br /> •. 13. Losu �herges. If the loan secured by thie Security Inatrument is subject to a Iaw which sets maximum loan :��,�;,;'
<br />� churges, nnd thnt law is finally interpreted so that the interest or other loan charges collected or to be collected in -•.;�,,_�
<br />- � connection with tha loan exceed tha permitted limita,then: (a) any such loan charge ehall be reduced by the amount
<br /> � necessary to reduce the charge to the permitted limit;end (b) any surne already collected from $orrower which --_
<br /> = . __.._
<br /> exceeaed permitted iimits wiii oC rciuuuc�l t� �orrower. L�,nder;r.a, �hoosc to r�iek? rh+^ refnnd hy reci��r..;ng thP �-"�......r�:.�
<br /> principal owed under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction �`�.�::-�-"- -� _
<br /> �• . will ba treated as a partial prepayment without any prepayment charge under the Note. �=;:_-___ --_
<br /> l4. Notices.Any notice to Borrower provided for in this Security Instrument ehall be given by delivering it or by __
<br /> - mailing it by first class mail unless applicable law requires use of enother meth�d.Tha notice shall be directed to the '—�
<br /> Property Address or any other addresa Borrower designates by notice to Lender.Any notice to Lender ahall be given by ,:'�i?� �"�'
<br /> tirat class mail to Lender's address statect herein or any other address Lender designates by notice to Borrower. Any :�• .w '
<br /> notice provided for in this Security Ynatrument ehell be deemed to have been given to Borrower or Lender whan given � . '°���, +
<br /> na provided in this garagraph. ..-� �''�L�
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<br /> � I5. Governing Law; Severebility.Thia Security Instrumentshall bc governed by federnl law and tha law of the '��_', .�"' .::;:;"°.:•
<br /> � jurisdiction in which tha Property is located.In the event that any provieion or clause of this Security Instrument or the � � :.;�� .
<br /> Note conflivts with applicable law,auch conflict shall not affect other provisiona of this Security Inatrument or the Note �;., .- :'';qi-. �
<br /> . which cun be given effect without the conflicting provision. To this end the provisions of this Security Instrument and -
<br /> the Note are declared to be severable. • � " '
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