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<br /> ' paymenu may no longer be required,at tde option of i.ender, if martgage insurance coverage(in the amount and for We period : , � . �-_
<br /> that Lender requires)provided by an insurer approved by Lender again becomes available and is obtained.Borrower shall pay I � . _
<br /> the premiums required to maintain mortgage insurance in effect,or tu provide a loss reserve,until[he requirement for mortgage i , , . , -
<br /> . insurance ends in acrnrdance with any written agreement between Borrow�r and Lender or�plicable law. F: � , •
<br /> 9. Inspection. Lender or iu agent tnay make reasanable entries upon and inspections of the Property. Lender shall give f� . •
<br /> � �.
<br /> Borrower nouce at the time of or prior to an inspection specifying reasonable cause for the inspec[ion. � � �; Z�
<br /> 10. Condemnation. The pmceeds of any award or claim for damages, direct or consequential, in connection arith any � , `- _ __ , _ �_
<br /> condemnation or other taking of any part of the Property,or for conveyance in lieu of condemnation,are hereby assigned and . � _
<br /> • � ,
<br /> shall be paid to I.ender. � `
<br /> �:�
<br /> In the event of a total taking of tfie Property,the pmceeds shall be applied to the sums secured by this S2curity Insuument, � _
<br /> whether or not then due, with any excess paid to Borrower. In the event of a parcial taking of the Property in which the fair • . *�� -:�
<br /> market value of the Property immediately before the taking is equal to or greater than the aznount of the sums secured by this
<br /> Security Instrument immediately before the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by E: _ , , . ,,:,, � '�`�
<br /> ' this Security Inswment shaU be reduced by the amount of the proceeds multiplied by the following fractian: (a) the total � , • .� • -
<br /> amount of the sums secured immediazely before the taking, divided by(b)the fair market value of the Property immediately � , r� �,�.�.-"""`��..
<br /> ��: , •_
<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 I < -:t: ,, _
<br /> market value of the Property immediately before the taking is less than the amount of the sums secured immediatel before the �••�< •
<br /> Y � ' , , '" ._�...Ky , '-�.':
<br /> taking,unless Baaower and I.ender otherwise agree in wriring or unless applicable law othera+ise provides,the proceeds shall �;_, . • ; -_,.,=
<br />�.t be applied to the sums secured by this Security Insm�ment whether or not the sums are then due. • � •� ''_
<br /> .,��i <<.=,,._
<br /> . j If the Properry is abandoned by Boaower,or if,after notice by l.ender co Borrower that the condemnor offers to malce an x�..-��,:-y__
<br /> " `� award or settle a claim for datnages, Boaower fails to respond to Lender within 30 days after the date the notice is given, '� ' � `'��
<br /> � '�. �,.+ .. .;_ ��_���
<br /> �..'� ►ender is authorized to collect and apply the praceeds,at its option,ei[her to restoration or repaic of the Property or to the sums ' - �-
<br /> ,. .. ,��.c;�W. .`,.
<br /> secured by this Securiry Instmment,whether or not then due. f :�":�z�'—
<br /> •- f Unless Lender and Borrower othenvise a ee in writin , an lication of roceeds to rinci al shall not extend or , `���. •.
<br /> } S� 8 Y aPP P P P '�,•
<br /> posipone the due date of the monthl a ments referred to in ara hs 1 and 2 or chan e the amount of such ents. '��'��R �
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<br /> � 11.Borrower l�iot Released;Forbearance By Lender Not a Waiver.Extensian of the time for payment or modificauan t=-
<br /> of amortizarion of the sums sewred 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 not be required to ' � �� - : �'�� .- —
<br /> commence proceedings against any successor in interest or refuse to eatend time for payment or otherwise modify amortiiaaon � •
<br /> sums secured b this Securi Insuument by reason of any deman d ma de by t he origin a l Borrower or Bo r c o w e r's � �
<br /> of the ty '���I�iii���;``�� ! -
<br /> Y ;_ �
<br /> � successors in interest. Any forbeazance by Lender in exercising any right or remedy shall no[be a waiver of or preclude the � �• �� -
<br /> ,,. �`'�'°:� ,
<br /> exercise of any right or remedy. '.I�' '�`' '� �'� .�� _
<br /> 12. SuECessors and A�igas Boand;Joint and Several LiabUity; Ca-signers. The wvenants and agreemenu of this `��'�?� \p�
<br /> Security Instrument shall bind and benefit the successors and assigns of I.Rnder and Bonower, subject to che provisions of •
<br /> paragraph 17. Borrower's covenants and a eements shall be oint and several. An Borrower who oo-si this Securi �=� . '•�• S
<br /> gr l Y S� t3' :�•+}•�' Yr' _
<br /> . Instrumenc but does not eaecute the Note: (a) is co-signing this Securiry Instramen4 only co mortgage, grant and convey that '°'�'�.-• �•-, �.:�•
<br /> Borrower's interest in the Property under the terms of this Securiry Instrument;(b)is not personally obligated to pay the sums ' �;, ` ��`"~�_ _
<br /> secured by this Securiry Insuument:and(c)agrees that Lender and any other Borrower may agree to eatend,modify,forbeaz or -�a�� � �%�'=� ='=
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