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<br /> Y payment+may ro lunger be required. at the option of Lender, if murtgage insurance coversge lMthe�maun[ar¢d for the period • • . . ` ,�
<br /> ,` that Lender requiresJ pro�ided by an in4urer approved b}• Lender again beromes available xnd is obtained.Bormwer shall pay � � . . � -a
<br /> , the premium.+required ta tnaintain mongage insurance in effect.ur tu pruvide a loss rrserve,until the reyuiremem f�7r mortgage � ,•�` ' %- �` =-
<br /> in�urunce ends in ac�rordance with any written agrcxment between Borrower and Lender or applicable law. �"'�`f`"'"*�"��'
<br /> ' 9. Ins�section_ Lender ur its agent may make reasonable entries upon and inspections of the Property. Lender shall give „ ` , ` ' � _
<br /> ;v Bortower notice at the time of or prior to an inspectian specifying reasonable cause for the inspection. � � �
<br /> .r .. 10. Condemnation. The procceds of any award or rlaim for damages, direct ur ronxeyuentiul, in connection with any ' °'
<br /> condemnation or other taking of any part of the Property,or for conve}•ance in lieu of condemnation,are hereby��signed and � ' � -
<br />._ _ shall I�e paid to Lender. --. ._ -_--``' `-_ ` `
<br />' : In the event of a totai taking of the Property,the proreeds shall be applied to the,umti serured by this Security Instrument, ' T`""r"���°-
<br /> . whether or not then due, with any excess paid to Borrower. l�the event of a partial taking of the Property in which the fair ',,,_ + ���"� �e
<br /> .;. ,,.... ._., .._
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this '",� ,
<br /> Security [nstrument immediatety before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by ' � �����`��• =�_--�'_
<br /> � [his Security Instrument shall be reduced by the amaunt of the proceeds muldplied by the following fraction:fa) the total ' ' •J
<br /> .;.�t-t:�s"".,.�.
<br /> . amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Ptvperty imrnediately � r ��-
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a panial talcing of the Property in which the fair �������'
<br /> , mazket value of the Property immediately before the taking is less than the amount of the sums secured immediately before the -'�.�,,,�
<br /> ' taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides,the proceeds shall �;., .a;�;."--`��
<br /> � be app(ied to the sums secured by this Securiry Instrument whether or not the sums are then due. ' —�-- ,�-,�,,:=-
<br /> � If the Propeny is abandoned by Borrower, or if, after notice by L.ender to Borrower that the wndemnor offers to make an �--;;�=��='
<br /> awazd or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the noiice is given. • ,.�u..�....-:.
<br /> Lender is authorized to collect and apply the proceeds,at iu option,either to restoration or repair of tha Property or to the swns . ' �
<br /> �� � secured by this Security Instrument,v���her or not then due. � �`_.;"_��_
<br /> , Unless Lender and Borrower ot�herwise agree in writing, any applicatian of proceeds to principal shall not extend or �' ����
<br /> • . postpone the due dace of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such paymsnis. �� s:• � _
<br /> ..•.,.:
<br /> 11.Borrower Not Released;Farbearance By Lender Not a Waiver.Extension of the time for payment ormodifrcauon , �`��'`, .
<br /> . ' of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall �' ,
<br /> not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall nai be required to � • �e .
<br /> commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti7auon �� ��,•''
<br /> , of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Barrower's - •'-i�;;�
<br />. successors in interest. Any forbearance by L.ender in exercising any right or remedy shall not be a waiver of or preclade the
<br /> exercise of any right or remedy. �,.�.`�`.�'.
<br /> ' '�' � 12. Successors and Assigns Baa�d; Joint and Several Liability; Co-signeis. The covenanu and agreemenu of this •=;�. �
<br />. Security Instrument shall bind and bene6t the successors and atisigns of Lender and Borrawer, subject to the pravisions of � j',k[�:::;
<br /> , paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> _ Instrument but does nat execute the Note: (a) is co-signing this Security Insu�ment only to mortgage,grant and convey that ...�_ :�...�
<br /> � Borrower's interest in the Property under the terms of this Security Instrument;(b) is not personally abligated to pay the sums ': �`i-�
<br /> ,nk!c•��
<br /> secured by this Securiry Instrument:and(c>agrees that Lender and any other Borrower may agree to extend,modify, forbear or ,�,F-
<br /> make any accommodaHons with regard to the terms of this Securiry Instrument or the Note without that Borrower's consant. ,. '
<br />, 13. Loan Chazges. if the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, �., � �
<br /> �, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the 'Ti°-�'�'y�`��`�-'
<br />." loan exceed the pemutted limits. then: (a)any such loan chazge shall be reduced by the amount necessary to reduce the charge —'� V
<br /> [�""�"`??�=�:'-�
<br /> to the permitted limit:and (b)any sums already collected from Borrower which exceeded permitted limits will be refunded to •r=���*�—
<br /> Borrower. Lender may chaose to make this refund by reducing �he principal owed under the Note or by making a direct �--r'�=
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under ti�e Note. '-r. �_
<br /> 14.IHotice9.Any notice to Borrower provided for in this Seturity Instrument shall be�iven by delivering it or by mailing � � �•
<br /> � .. 1 it by�rst class mail unless applicable law requires use of another method. The notice shall be directed ro the Praperty Address �,,,�,r�;:-�-�- `
<br /> �i or any other address Borrower designates Uy notice to Lender. Any notice to Lender shall be given by first class rreail to '�`"�
<br />` ° Lender s address stated herein or any other address Lender designates by notiee to Borrower. Any notice provided for in this '„��;_
<br /> � Security InsWment shafl b�deemed to have been given to Borrower or Lender when given as provided in this paragraph. �_-----"-----
<br /> • 15.Governin� Law; Severability. This Security Instrument shap be govemed by federal law and the law of the �'��`•__;'
<br /> ; ' jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Nate - ;_�
<br /> � � conflicts with applicable law,such conflict shall not affect ather provisions of this Security Instrument or the Note which can be ��'��'¢ '�
<br /> �__�,s.=:,
<br /> �_t—.�..------
<br /> . given effect without the conflicting provision.To this end the provisions pf this Security Instrument and the Note are declared -.-�:�+y��'���
<br /> . i to be severable. .�..'_��" _
<br /> �,.;_�,_.�:,.; _
<br /> ' t 16.Borrower's Copy.Borrower Sha11 be given one conformed copy of the Nate and of this Securiry Instrument. • -
<br />. _ �at, _
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