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<br />• paymenu may no longer he required.at the option oi Lender, if mongage insurance roverage�i�the��fi��iS�e penod " ''r• . , . ��
<br /> � that Lender requir�+)provided by an insurer approved by Lender again becomes available snd is�ibtained_ Borrower shall pay , . -
<br /> the premiums required to maintain mortgage insurance in effect.or to provide a f�,ss resen•e,until the requirement for mortgage °`f, �_ � •<° : -
<br /> inyurance ends in accordance with any written a�reement between Borrower and Lender or applicable law. . -� -_
<br /> 9. Inspertion. L.ender or iu agent may make rea+onable entries upon and;nspec[ions of the Propeny. Lender shall give � -
<br /> - Borrower notice at the time af or prior to:u�inspertion specifying reasonable cause€or the inspection. • � ,
<br />�+' 10. Condemnation. The proczeds vt any award or ciaim ior damage�. uirc�:� u! W�t�cyucP�iiai. �: ��""'""�° ""'*�' 'D� . � '--� � - ��'- - -
<br /> �d ............. ...... .... _ - -y__
<br /> condemnation or other taking of any part of the Property, or for conveyance in lieu��f condemnation. are hereby acsigntd and ,----- ,_
<br />'. shall be paid to L.ender. '� ' "�
<br /> In the event of a total taking of the Property.the proceeds shall be applied to the sums secured by this Security Instrumeni. . �-•��.� �,
<br /> whether or not then due, with any excess paid to Bonower. In the event of a partial taking o f t he P roperty in w hic h t he fair - =` =`� ,�: -''�� • `
<br /> market value of the Property immediately before the taking is equal to or greater than the amount of the sums secured by this -�`�����.�"�"V'���r��
<br /> : ' �'';:.�a
<br /> .`�� Security instrument immediately before the taking,unless Borrower and L.ender otherwise agree in writing,the sums secured by . : r��:-_�--_-
<br /> this Security Insuument shall be reducec! by the amount of the proceeds multiplied by the following fraction: (a) ihe total •>-_-..--.�;-. _
<br /> : :x a< ,,;
<br /> " amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Properry immediately ''• r,;,,r,�,,.�,.;;
<br /> before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair �- �� "" '
<br /> market 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 I.ender oihemise agree in writing or unless applicahle taw athen ise�rovides the pror°ed�shall °'"����-`_� ^. � �
<br /> � be applied to the sums secured by this Security Instrument whether or not the sums are then due. • � �"
<br /> � • •-:����.
<br /> If the Property is abandoned by Borrotver,or if,at2er notice by L.ender to Borrower thai the candemnor offers to make an _ � -
<br /> " award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given. ' .. �. ,,�.
<br /> Lender is avthorized to coltect and apply the proceeds,at iu option,either to restoration or repair of the Property or to the sums _ '�`r'"' ��
<br /> .�' `��
<br /> . secured by this Security Instrument.whether or not then due. � �� �
<br /> Unless I.ender and Borrower otherwise agree in writing, any applicauon of proceeds to principal shall not extemi or � • "'-'�'zT'""
<br /> os one the due date of the monthl a menu referred to in ara hs I and 2 or chan e the amount of such a ments. •�� `� '
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<br /> 11.Borrower Not Released;Forbea►s�ce By Leader Not a Waiver.Extension of the time for payment or modificadon `•,�{ � ?��������''�..-
<br /> of amonization of the sums secured by this Security Instrument granted by I.ender to any successor in interest of Borrower shall
<br /> nut operate to r�lease the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to "� ' �
<br /> 'r� �., --
<br />� ,:; commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizarion , •°t� "��"�..°
<br /> �•s 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 Lender in exercising any right or remedy shall not be a waiver of or preclude the '��.�r-;, , . ��'�,,:
<br /> exercise of any right or remedy. �' � � � �,` ��"�`
<br /> ' . 12. Successo�s and Assigns Bound;Joint and Severa4 Liability; Co-signers. The covenants and agreements of this �,`,•''!1`'�,
<br /> Security instrument shall bind and benefit the successors and assigns of I.ender and Borrower, subject to the provisions of ai''
<br /> pa�asraph 17. Borrower's covenanu and agreemen[s shall be joint and several. Any Borrower who co-signs this Security
<br />� •� Instrument but does not eaeeute the Note: (a) is eo-signing this Securiry Insbvment only to mongage,grant and convey that =���
<br /> - - �--..
<br /> � rr:,_
<br /> BorrowePs interest in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sums . � �--;�_
<br /> � secured by this Security Instrument;and(c)agrees that I.ender and any other Borrower may agree to extend,modify,forbear or `y�"'�`�`
<br /> make an accommodations with re ard to the terms of this Securi Instrument or the Note without that Borrower's consent. .�_ •
<br /> • 13YLoan Charges.If the loan secured by this Security Instcument 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 co liect e d in connection wi t h t he ��'�'='��
<br /> '� loan exceed the permitted limits,then: (a)any such loan charge shall be redused by the amount necessary to reduce the charge ��� �;�..,.._ �,,:.
<br /> •� to the permitted limit:and(b)any sums already coUected from Borrower which exceeded permitted limits will be refunded to �=���--:•�
<br /> �-.____._�'
<br /> '; Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct = __.__
<br /> �.$ payment to Bonower. If a refund re�uces principat, the reduction w�ll be treated as a partiai prepayment wi[hou[ any �:^��='-'-�1;�:
<br /> � prepayment chazge under the Note.
<br /> � � 14.Nofices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailin�
<br /> �l -
<br /> • • ; it by first class mail unless applicable law reyuires use of another method. The notice shall be directed to the Property Address - _�-�-�--�-� --T--==
<br /> . � or any other address Borrower designaaes by notice to Lender. Any notice to Lender shall be given by first class mail to =��-'�-=-•���_�
<br /> '��' i.ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice pravided for in this _ �,w�r.�-.�-_: .
<br /> . , Security Instrument shall be deemed to have been given to Borrower or Lender when given ac 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 whieh the Property is located. ln the event that any provision or clause of this Security Instrument or the Note �.�, -�----�
<br /> conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be �`�-�`�`"� ��'-'
<br /> given effect without the conflicting provision. Ta this end the provisions of ihis Securiry Instrument and the Nole are declared ' ��'���
<br /> ....•,r.*�..:--:.
<br /> " to be severable. • ' '""`�'�=-.
<br /> 16.Barrnwer's Copy.Borrower shall be given one conformed copy of the Note and of lhis Security instrument. . .�•��;r,;.z.;, �=
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