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.L . Ry. _ . . . _.. . ..� - _. .
<br /> y=1:�^.�.�.L.•t.���.�i�i. `.af_-�.—r ____._____.. - .
<br /> � 98— �c}�s�
<br /> paymcnRs may no Inngen c�required, ut tho oplion i�f I.cixier,if nx�rtguge in+urutxc cuvcn�gc(i�i thc umaunt uixl fi�r Ihc peri�xl
<br /> th�t l.endcr requir�s)pmvided by nn in�urer appn�vcd hy I.ender uguin beconxs uvuilablc und ix ohtainc�cl. Borr<awcr shall puy
<br /> th�prcmiums requircd to nmintain mortguga inxuruncc in cffat,nr to provide u loss reservc.until Ihc rcyuiren�rnt fur nx�rtguge
<br /> insuranct ends in accurcfunce with uny wrltten ugrament hetween&�rrower aixl I.encler or applicuble luw.
<br /> 9, Inspectlon. I.��xier or its ugcnt nwy niuke rcusonublc cntrirx up�m a�xl ins�x,�ctions of the PmEkrty. Lcndcr sludl givc
<br /> Bnrruwer nc�Nc.,at the tink of or prior to un in��►tcliu•n spec�lfyi�e�reus��rwble cause ti�r the inspecti�n.
<br /> 10. Cu�xl�nuwUun. The pr�kecYls uf any uwarcl or cluim far damages, diroct nr consequential, in comxctiim with uny
<br /> conden�natfon or othcr tuking of any part��f tho Property, or for conveyxixe in lieu of crn�em��ati�,n, aro hereUy assi�nai aixl
<br /> shall be pnid to I.ender.
<br /> ln tho event af u tatal taking oF the praperty,Ihc prncccds shall bc nppliecl to thc sums secured by thiti S�curity Instrunxnt,
<br /> whcther or mx then duc, with any cxccss�xid to licirmwcr. In thc event af a purtial t��lnb a`thc Pra�xny in which thc fair
<br /> market valuo of d�c l�mperty immcdiAtcly t►efbra tho taking Is equul to or gre:uer than the nmount of the sums secured by this
<br /> Securiry Instrument immodiatcfy hcfars the taking,unless Barrowcr and I,etxler athcrwine agroc in writing,the sums s�curcd by
<br /> this Security lnstnm�ent shall be raluced by the amount of ttie proceeds multiplied by tl�e folla�+fng fruction: (u) the total
<br /> umnunt of the Gums secured inunediately before the taki.r��,d.i.vid,exi.by (b) the fair market valuo of the Property immediately
<br /> bcforc the taking. Any bAlance shnll Ue paid r.o f3or.r.ower.. [ir. ehe event �f s�pa�tiul takins of the Propeny in which the fair.
<br />. market value of thc Pmperty immaliately before the Gaking is I:ess than.the amount of the sums secured! irnn�diutety beforc the
<br /> takEn�t,unless Borrower and Lender atherwisc ag�ee in writing or unless applicable law othenvise provides, the pmceeds slvx[[
<br /> ; b�ap�I.i�ed to the sums secured by thi�Secu�ity Instrument W�hether nr noc�he sums are then due.
<br /> tf.the Propeny is abandoned by Borrower, or if. after notice by l.er�der to Borrower that tfie condemnor off�rs to make an
<br /> awarcfi ur settle n cluim for damages, Horr�wcr fuils ta respond to I.ender within 30 days u�ter tE�e cL;ice thc notice is given,
<br /> r Lender is authorizat to colloct and apply the proceais,at its aption, eieher to re�storation or repair of the Property or to the sums
<br /> ' sa,^.urod by this Securiry Instrument,W hether or not then duc.
<br />; Unless Lendcr and Bnrrower othcrwisc ngrcc in writing, any application of procoeds to principal shall not extcnd or
<br /> postpone the due date of tha manthly payments referred to in paragmphs D.i�d 2 or changc the amount of such paynxnts.
<br /> • 11. Borrawcr Npt RcteASetl;Forlxarance By I,ender Not o Waivea�. Extensi�n of the timc for pay►n�nt or modification �
<br /> � of amonization of the sums s�xured by this Security Instrument granted�}�l.ender to uny successor in interes[ of Borrower shall
<br /> not operate ta release the liability of thc original Borrower or Borrower'b;�ucr,essors in interest. L.endr.r shall not be rrquira!to
<br /> oomr,ic:m:c proceoding�against any succcssor in interest or refuse to extend time for payment ar otherwise modify amortiaation
<br /> of th� 'si)tns secured by this Secrority Inswment by reason of any d4ntund made by tho original Borrower or Borrower's
<br />;�)_ . succ�s..ors.an.intc�rtyt, Any furbearnnce by Le+�er In exercising uny iig!h�nr remedy shal! nnt be a wAiver of ur preclude the '
<br />���- e�arL�ase aY i�ny r6ght ai remedy.
<br /> 45`� • 113..S�ircrssors and Assigns Bound; Jolnt pnd Several LfAbllity� Cu-stgners. The covenants �nd agreements of thie�. ,
<br /> .f Security Instcument shall bind �ad benefit the successors anc6 ussigns of l..ender aixi Bnrrower, subject ro the provisions of
<br />�•� paragr�ph f 7. Bor,rower's covenants and agraments shaU be joittt.and szveral. Any 8orrowtr who co-signs this Socurity
<br /> [nstrumcnt but does not exxute the Note: (a) is co-signing this Securii,y i�strument only to mortgage. grant and convoy that
<br /> Borrower's interest in the Property undcr the terms of this Sxurity Inst�vmcsit; (b)is not personally•abligated to pay the sums
<br /> _ secured by this Security Tnstrumenr ancl(c)agrees that Ixtxier and any other Borrower may agroe to extend, modify,forbear or
<br /> t tnake any acco►runodntions with regard to the terms of lhis Saurity Instrument or the Note wlthout that Borrower's consent.
<br /> � 13. Loan Churg�.If the loan�ured by this Security Instrument is subject to a law which sets maximum Inun cherges,
<br /> :t and that law is ftnally interpretod so that the interest or other Yoan charges coltected or to be cotlectal in connxttun with the
<br /> '� loan exceed the permitted limits, then: (a)any such loan charge shull be raluced by the amount necessary to roduce the char�te
<br /> r'�� to the permitted limir,nnd(b)any sums ulready collectcd from Burrower which cxcaded permitted limits will be refundat to
<br /> '�' Borrower. L.ender may choose ta make this refund by rcducing the principal owed under the Note or by making a direct
<br /> }'• payn�ent to Borrower. If a reft►nd reduces principal, the reduction will be treated su a partial prepsyr►ent without any
<br /> � prepayment charge under the Note.
<br /> ` 14.Notices.Any noticr,to Borruwer providcd for in this Sccurity Instrument shall be giv�n by delivering it or by mailing
<br /> '� it by Frst class mail unlc:ss applicable law rcquires use of another method.Thc notice shal! be directed to the Property Addrcss
<br /> or any other address Borrower designates by notice to Lender. Any notice to Lender shall be giren by first class mail to
<br /> L,ender's address stated hercin or uny other address C..cndcr designates by notice to Borrower. Any notice providod far in this
<br /> , Security Instrument shall be damed to have ban given to Borrower or L.ender whcn given as provided in this parngraph.
<br /> ;., l5.Governing Law; Severability. This Secusity Instrumont shall be gaverncd by faicral law and the law of the
<br /> jurisciiction in which the Property is locatai. In the evcnt that any provision or�lause of this Sa:urity tnstrument or the Noto
<br /> ;;•��, contlicts with applicable law, such conflict shull not uffcct other provisions of this Sccurity Instrumcnt or the Note which can be
<br /> •;'? given effect without the conflicting provlsion. To this end the provisions of this Securit;i Instrument and the Nac ate dc�:larred .
<br /> ';7i tce'bc severnble. .
<br /> ;'y • •�6.Horrow•er's Copy.Bo�rtawer shall�:,s,�.iven onc conformai copy of the Notc und of this 5�e�zirit°v instrument. �
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