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<br /> A�_a��,..�..r � - -
<br /> , at the option of Lender, i4 mortgage insutance caverage (in the amount and for the peti�thatZen��u�i�res) � • T `, _�
<br /> pruvided by an insurer approved by Lender again becomes available and is obtained. Borrower shall pay the premiums . . ���--
<br /> required to maintain mortgage insurance in effect,or to provide a loss reserve,until the requirement for mortgage y . , .
<br /> , insurance ends in accordance with any written agreement between�orrower and Lender or applicabls law. ' . ,
<br /> 9.Inspection.Lender or iu agent may make reasonable entries upon and inspections of the Property.Lender shall
<br /> + give Bonower notice at the time of or prior to an inspaction spa.-ifyiag reasonable cause far the insgection. f _ _ . , &�
<br /> � 1 A.Condemnation.The praceeds of any award or claim for damages,direct or coasequential,in connection with
<br /> � any condemnauon or other taking of anp part of the Property,or for conveyance in lieu of condemnatian,are hereby �•
<br /> � assigned and shall be paid to Lender. �
<br /> ' In the event of a total taking of the Property, the proceeds shall be applied to the sums secuted by this Security __
<br /> � Instrument,whether or not then due,with any egcess paid to Borrower.In the event of a partiai taking of the Property in �� _.
<br /> .� which the fair market value of the Property immediately before the taking is equal to or greater than the amount of t h e � � ''�.�•�'� �`:�.t
<br /> � sums secured by this Securitq Instrument imtitediately before the taking, unless Borrower and Lender other�rise agree � �::. �-_,..-;`=;'n���°��_
<br /> in writing,the sums secured by this Security Instrument shall be reduced by the amount of the praceeds multiplied by C ; , ,'�'� _ ` __ .
<br /> � the following fraction: (a) the total amount of the sums secured immediately before the taking,divided by(b)the fair � � �„
<br /> market value of the Psoperty immediately before the taking.Any balance shall be paid to Borrower. In the event of a �.� � , ��_�'�"�. _,�_
<br /> partial taking of the Property in which the fair market value of the Property immediately before the taking is less than , '',,;..•�.;t:,.
<br /> the amount of th;°sums secured immediately before the taking,unless Borrower and Lender otherwise agree in writing , .'._ _. �
<br /> or unless applicable IaN othernise provides, the praceeds shall be applied to the sums secured by this Security � - � .+� � .�:��� .
<br /> Instrument whether or not the s,:ms are then due. `,s;:,:•_ � �a,��� `�'
<br />� If the Property is abandone@ by Borrower,ar if,after notice b Lender to Borrower that the condemnor offers to r " � ��
<br /> ���:�.;:,.
<br /> y .,�.,.. .•.�`r..::: �3s.:.,
<br /> make an award er settle a claim for dama�s,Honower fails to respond to Lendrr wit h in 3 0 days after the date the '=,.-�:� -
<br /> I ' �;• � ��;::�---
<br /> notice is given,Lender is authorized to collect and apply the procceds,at its option,either to restcration or repair of the '..;��r,,.;.:
<br /> :,�,...
<br /> ''�. property or to the sums secured by this Se�:iry Instrument,whether vr not then due_ ,�; .c.'.. �" '� ;�.,.:�
<br /> Unless Lender and Bonoc�er otherwise agree in writing,any application of proceeds to principal shall not eatend or ;;,';�s,;'.; .",_:; :�;�(i. .
<br /> , �:t:,<;-`s:;.. s•�....
<br /> posepone the due date of the monthly papments referted to in paragrapha 1 and 2 or change the amou�t of such � t. � �° ,.
<br /> paymenu. '
<br /> 5;:::::
<br /> i l. Borrow�r Not Released; Forbearance By I.ender Not a Naivet. Extension of the time for payment or ': `�?;�, `��;?, � _
<br /> modi�cation of amortization of the sums secured by ttus Security Instrument granted by Lender ta any suacessor in � :�:• t...:_
<br /> inter�.st of Bonower shall not operate to release the liability of the original Bonower or Bonower's successors in �� �.�: .:
<br /> inter�st.I.ender shall not be required to commence proceedings against any successor in interest or refuse to extend -. - , ���
<br /> . } ;_,.
<br /> time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of eny . ,.s , •---
<br /> demand made by the original Borrower or Bonower's successors in interest.Any forbearance by Lender in exercising ;•;, � __
<br /> "nY�' - t_..
<br /> any right or remedy shall not be a waiver of or preclude the exercise of any right ar remedy. ;,;�ty.� ��s , •
<br /> 12.Saccessora and Assigns Bound;Joint and Several Liability;Co-signers.The covenants and agreements �.'. : �. �'� �;
<br /> ' ot this Security Instrument ahall bind and benefit the successors and assigns of Lender and Borrower.subject to the ::: .�:.� s
<br /> provisions of paragraph 17.Borrower's covenants and agreements shaU be joint and several.Any Bonower who co'signs :;,;f,.. ��si,;,,....�,,..
<br /> thie Security Instrument but does not execute the Note: (a) is co-5igning this Security Instrument only to mortgoge. �,..;��,� �.;.,'�, •.�
<br /> grant and convey that Bonowet's interest in the Property under the terms ot this Security Instrument; (b) is not : ' ` =
<br /> petsanally obligated to pay the sums secured by this Security Instrument;and(c) agrees that Lender and suy other �4;��;.-... �:�_
<br /> Borrower may agreE to extend,modify,forbear or make any accommodations with regard to the terms of thia Security :�i;...
<br /> ����..�.
<br /> � Instrument or the Note without that Honower's consent. ��`���y�°"'�"� '• _
<br /> 13. Loan Chtsgea. If the loan secured by thie Security Instrument ia subject to a law which sets maaimum loan �g
<br /> charges, attd that law is finally interpreted so that tha intemst or other loan charges collected or to be colle�tsd in � �� ��
<br /> conneetion with the loan eaceed the permit4ed limits. then: (a) any such loan charge shall be reduced by the amount ��.�.�' �°
<br /> ,:L�_t'`�-'
<br /> necessary to reduce the charge to the permitted lirr�it; and (b) any sums already collected from Horrower which _
<br /> esceeded permitted limits will be refunded to Horrower. Lender may choase to make this refund by reducing the ' '��,�,_�—
<br />� ptincipal owed under the Note or by making a direct payment to Borrower.If a refund reduces principal.the reduction •:�:-_—_--�--
<br /> ' ���,���_��
<br /> will be treated as a partial prepayment aithout any prepayment charge under the Note. , _
<br /> 14.Notices.Any notice to Horrower provided for in this Security Instrument shall be given by delivering it or by � ••����
<br /> mailing it by first class mail unless applicable law requires use of another method.The notice shall be directed to the �•.°`-°-;�,
<br /> Property Address or any other sddress Borrower designates by notice to Lender.Any notice to Lender shall be given by ,
<br /> first class mail to Lender's address stated herein or any other addresv Lender designates by notice to Bonower. My
<br /> notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given , • . �.•�
<br /> � as provided in this paragraph. � ': .. � •
<br /> � 15.Governing Law;Severability.This Security Instrument shall be governed by federal law and the law of the —
<br /> jurisdiction in which the Property is located.In Lhe event that any provision or clause o4 this Security Instrument or the
<br /> Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note .
<br /> ahich can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and
<br /> the Note are declared to be severeble. ; , —
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