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<br /> 9�0 10�.8�� �'�:` �: . �
<br /> payments may no longer be require�.at the optiou of[,Qnder,if mortgage i�uurance covrrage iin the amount and for the period , . _
<br /> that Lender requires)provided by an insurer apProved by f�nd�r I��rov d a�loss areservC until t e requirement for mnngage ;� ' .
<br /> the prermums reyuired to maintain mort�age insurance m e P — __— ____
<br /> insurance ends in accordance with anY written agreement between Borrower and l.ender or applic:able 1aw.
<br /> 9. Iaspection. Lender or its agent may make re�sonable envies upon and inspections af the Property. Lender shall give _ �r��,. ,
<br /> Borrower natice at the time of or prior to an inspection specifying reasonable cause for the iaypection. _ "°`
<br /> IQ. Candemnatlon. The proceeds of any award or claim for damages, direct ar consequential. in connection with any
<br /> J� condemnation or ott�er taking of any part of[he Property. or for conveyance in lieu of condemnscion, are hereby as�ignecl and - �.
<br /> — -�-�-�
<br /> shall be paid to Lender. • ' �
<br /> In thr e�ent of a total taking of the Properiy.the proceeds shall be applied to the sum5�ecurcxi by this Security lnstrument, ,
<br /> whether or not then dae, with any exces�paid to Borrower.In the event of a partial takinS of the Prope[ty in which the fair _
<br /> market value of the Property immodiately before the taking is equal co or greater than tha amount of the sums secured by this = . f�`_.,.^. `- `T
<br /> Se�:urity Instrument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by .:�...tk�,�,��t_q c�
<br /> `- s�,�;-�•�,,.'.��r'�,
<br /> this Securiry Insttument shall be reduced by the amount af the proceeds multiplied by the follovring fraction: (a) the total x � �
<br /> amount of the sums secured immediatefy 6efore the taking.divided by Ib1 the fair market value of the Property immediately , _ .,� ;.,_-:-,.-
<br /> before the taking. Any balance shall be paid to Borrower. in the event of a partial tak�ng of the F'roperty in which the fair :.r��3�•` . '_.
<br /> market value of the Preperty immediately before the taking is less than the amount af the sums secured immed�ately before the ,�-__�..,rr•` "
<br /> taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise provides, the praceeds shall _a,�,�*
<br /> Instrument whether or not the sums are then due. �,`"`'�'T=_' `"' ��
<br /> be applied to the sums secured by this Securiry � � �
<br /> If the Property is abandoned by Borrower,or if,after notice by I.ender to Boaower that the condemnor offers to make an • .�:���';".
<br /> award or settle a claim for eiamages. Borrower fails to respond to L.ender within 30 days after the date the notice is given. _ _
<br /> ', Lender is autiiorized to collect and apply the proceeds,at its option,either to restomaon or repair of the Property or to the sums ,�'�_ ``,.�--(•..,
<br /> , `- secured by this Security Instrument,whether or not then due. _ ,,,�;,��:�,
<br /> Unless Lender and Borrower othenvise agree in writing, any application of proceeds to principal shall not extend or . ,,,,,y�._ _
<br /> hs 1 and 2 or change the amount of such payments. � ,,�� _
<br /> postpone the due date of the monthly payments referred to in paragrap ::"
<br /> I1.Borrower Not Released;Forbearance By Ler.der Not a Waiver. Extension of the time for payment or modification
<br />� of amottization of the sums secured by this Security Ins�rument granted by Lender to any successor in interest of Borrower shall . -�.'�;_:
<br /> • not opecate to release the iiability of the origi n a l Borrower o r B o r ro w er's successors in interest. Lender shall not be required to
<br /> r.ommence proceedings against any successor in interest or refuse to extend time for payment or othe��o�' o ��owe1O s `
<br /> ' �.� of the sums secured by tltis 5ecurity Instrumen[ by reason of any demand made by the originai .r' �;� . '
<br /> successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the -�.,�
<br /> exercise of��y right or remedy. r,= � ,..� , ''3.��
<br /> 12. Sacccsso�s amd Assigas Bound; Joint and Several Liability: Co-stgaees. The co�enants and agreemenu of t_s ��� �� .
<br /> Security Insuument shall bind and benefit the successors and assigns of L.ender and Borrower, subject to the provisions of �� ':'"�`" "�� •. •
<br /> 'f ' paragraph 17. Borrower s covenants and agreemenu shall be joint and several. Any Boaower who co-s�g�a�nve�that ' 3t � �
<br /> ment but does not execute the Note: (a) is co-signing this Security Instrument anly to mortgage,grrs!: Y .r T;, ��ti` .'��+�';-:
<br /> Insttu '� , ` `
<br /> : Borrower's interest in the Property under the terms of this Security Instrument: (b)is not personally obligated to pay t1�e sums : f
<br /> � secured by ehis Security Instrument;and(c}agrees tha[Lender and any other Borrower may agree to extend,modify.forbear or .•�:'�
<br />.' make any accommodations�vith regard to[he terms of this Security Instrument or the Note W+ithout that Borrower's consent. � � p ,_—
<br /> ��!",�._, �
<br /> 13,Losn C�es. If the loan secured by this Security Instrument is subject to a law which sets maxirttum loan charges. �t
<br /> and that Iaw is finally interpreted so that the incerest or other loan charges collected or to be collected in connecdon with the
<br /> loan exceed 2he permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge ,.� :�V�::�,�
<br /> �. to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to :�.��_,
<br /> Botrower. Lender may choose to make chis refund by reducing the principal owed under the Note or by making a direct . ` ,,,,,1;,
<br /> �°�-
<br /> payment to Borrower. If a refund reduces principal. the reduction will be treated as a panial prepayment without any �. .��-��i
<br /> prepayment charge under the Note. ����''�--�
<br /> 14.Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing — � _
<br /> � � i t b y f i rs t c l a s s m a i l unless a p plicable law requires use of another method. The notice shall be directed to the Property Address
<br />� or any other address Borrower designat�s by notice to Lender. Any notice to L en der s h a l l b e giv e n b y f i r s t c l a s s m a i l t o , ;,,�,,� ...•-_
<br /> � L.ender's address stated'r.:rein or any other address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security Instrument s6ali be deemed to have been given ta Borrower or Lender when given as provided in this paragraph.
<br /> ��
<br /> 15.Governing Law; Severahility. This Security lnstrument shaU be govemed by federal law and the law of the �:.: ;_.T
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note ��,�,_..,
<br /> �_ .":-
<br /> conflicu with applicable law,such conflict shall not a f fect ot her provis i o n s o f t h i s S e c u ri ty I n s t r u m e n t o r t h e Note which can be _���__z�>�r.='�-
<br /> `� given effect without the wnflicting provision.To this end the provisions of this Securiry Instrument and the Note are declared ����,
<br /> ��� '' to be severable.
<br /> ���,-.__�....
<br /> 16.Borrower's Copy.Borrower shall be given one conformed copy of the hote and of this Security Instrument. ����!�:..--,-�:
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