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<br /> payments may rto longer be required.at the option of L.ender,if mortgage insurance coverage(in the amount and for the period � . -��' ., �
<br />�� that L.ender requiresl providecl by an irasurer approved by L.ender again becomes a��ailable and i,obtained. Borrower shall pay • `;�:
<br /> the premiums required to maineain mortgage insurance in effect.or to provide a loss reserve,until the requirement for mortgage ( _
<br /> istsurartce rnds in accordan�e with any written agreement between Borrower and I.ender or applirable law. ,
<br /> 9.Iaspatttan. [.ender or its agent may make reasonable entries upon and inspections of the Property. Lender shall give ,;��
<br />' Borcower notice at the time of or prior to an inspection specifying r�easonabte cause for the in,pection. ; �• '.
<br />- 10. Condemnation. The pracceds of any award or claim for damages, direct or consequential. in connectian with any .`
<br /> condemnation or uther tal:ing uf any part af the Property. or for conveyance in lieu of condemnation, are hereby assigned and ,
<br /> - — .�__.----.__ __ .
<br /> shall be paid ro L.ender. , , �
<br /> In thc event of x total ta'�inS of the Property.the procceds sha��be aPF1►ed to the sums secured by this Security Instrument. . , , �
<br /> ` whether or nnt then due. with any excess paid to Borrower. In the event of a partial taking of the Property in which the fair .,��_�,_
<br /> .�.`t_r__..��L. c� •..
<br /> market va}ue of[he Property immediatel} before the[aking is equal to or greater than the amount of the sums secured by this . , _j*,'lY .�,.
<br /> Securiry Instrument immediately before the taking,unless Borrower and Lender otherwise agrzx�n writing,the sums secured bY .. . :.,.�,�;��
<br /> R
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<br /> this Security In:�trument shall be reduced by the amount of the procceds multiplied by the following fraction: (a) the total ��;r'f:a�--
<br /> amount of the sums secured immediately before the taking,divided by(b)the fair market value of the Propecty immediately ��gi
<br /> �� before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Properiy in which the fair _ r _
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediately before the °,`f�,V�.�,r•_
<br /> taking,unless Borrower and L.ender otherwise agree in wripng or unless applicable law otherwise provides, the proce�s shall . .; a�� _
<br /> � be applied to the sums secured by this Security[nswment whether or not the sums are then due. �.r=:,- �_.,
<br /> If the Property is abandoned by Borrower,or if,after notice by l.ender ta Borrower that the condemnor offers to make an r..�_•
<br /> �.S�..�a�Ff:���
<br /> • award or senle a claim for damages. Borrower fails to respond to i.ender within 30 days after the date the noace is given, : , �,;,�_ - -
<br /> � L.ender is authorized eo collect and apply the procceds.at its option,either to restoration or repair of the Property or to the sums •µ.`�, '�;-�: ,,;_„,..
<br /> � secured by this Security instrument,wfietfier or not then due. �"�"`
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or � .� <<_ ;.._,.ry,
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. � ,-•� t
<br /> I1.Borrower No2 Reteased;Forbearanse By L.ender Not a Waiver.Extension of the time for payment or modification :,,�:��
<br /> " of amoni7ation of the sums secured by this Security insuurnent granted by Lender to any successor in interest of Borrower shall :,,��,.
<br /> � nat operate to release the liability of the original Borrower or Borrower's successars in interest. Lender shall not be e+equired to -Y� - _
<br /> commence proceedings against any successor in interest or refuse to ex[end time for payment or otherwise modify 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 L.ender in exercising any right or remedy shall not be a waiver of or preclude the ,
<br /> exercise of any right or remedy. ,`'� .� ,
<br /> 12. Successors antl Assi�as Bound; Joint and Several �.iability; Co-signers• The covenanu and agrecments of this
<br /> ' Securiry Instrument shall bind and benefit the successors and assigns of Lender an d Borrower, su bj e c t to the provisions of
<br /> c'��:�•'
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> ';.�,�,.
<br /> Instrument but does not execute the I�Iote: (a) is co-signing this Security Instrument only to mortgage, grant and convey that . '��
<br /> Borrower's interest in the Property under the terms of this Security Insuumenr, (b)is nat personally obligated to pay the sums �;,�;_ _
<br /> �. secured by this Security tnstrumen[:and(c?agrees that Lender and any other Borrower may agree to eatend, modify,forbear or , .
<br /> make any accommodations with regard to the terms of this Securiry Instroment or the Note without that Borrower's consent. ��:._
<br /> 13, Loan Chaiges.If the loan secured by this Security lnstrument is subject tu 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 coltected 1°to reduce the chfu e =
<br /> � loan exceed the permitted limi�s,then: (a)any such loan charge shall be reduce�by the amount necessary ug _ _ _
<br /> to the permitted limit:and(b)any sums already collected from Borrower which exceeded permitted limits will be�funded to - - -_
<br /> Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Boaower. If a refund reduces principal. the reductian will be ueated as a partial prepayment without any :___ _ _
<br /> • prepayment charge under the Note. �"�- '' *' • �-:.=:�;,
<br /> 14. Nodces.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing F _-'
<br /> it by first class mail unless applicable law requires use of another method.The notice shall be directed to the Property Address �,�,,����.�=._-_.
<br /> or any other address Borrower designates by notice ro Lender. Any notice to Lerider shall be given by first class mail to � —�°-
<br /> Lender's address s�ted herein or any other address Lender designates by notice to Borrower. Any notice pravided for in this ����.,�M"�
<br /> Security Instrument shall be deemed to have 9�a given to Borrower or Lender when given as provided in this paragraph. ��
<br /> � 15,Governing La�v; 3everability. This Security Instrument shall be governed by federal law and the law of the �. w�': '�•�
<br /> jurisdicuon in which the Property is located. in the event that any provision or clause of this Security Instrument or the Note _.�„ . �;;
<br /> conflicts with applicabte law,such conflict shall not affect other provisions of this Security lnstrument or the Note which can be ;s-.--r�;, ..,.
<br /> given effeet without the wnflicting provision.To this end the provisions of this Securiey Instrument and the Note are declared �,:�'?����-��n.�
<br /> � tobeseverable. ...�1�--r���n��-
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<br /> 16. Borrower's Copy.Borrnwer shall be given one conformed copy af the Note and of this Security Instrument ��i.:_.z _ •----r
<br /> ��;'.'x�'k;
<br /> � Form3028 9190 '`��:i:;...::a:.�-. �-�
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