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<br /> t• �ayments may no l�ager be ieqused,a�the option of Lcaider,if mostgage insura�coe twverage('m shs amonnt and for the periad . ..
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<br /> �. tLat i.cader requIIes)Piovided b3►an i�s�aer approved by L�eader again 6ecomes availablc and is obtained.�o�mwer shall pay thc •
<br /> � �>� ' premiums rtquired w snainmhi mo�gage insiarmmce in effect.ar to pravide a lasc cesc�ive,unW the requEremeat far mortg�ge � '
<br /> . �. � insuraace eads ia accardance wuh any wriuen agr�ta►t betweea Bmmwer�d Latder or 2�ppticable iaw.
<br /> --- 9.Inspes4Fon. Leader ar its agem m�y make rea�nable�aries e�pon aud�ons of the Pm�Cty.Lender shatl give��
<br /> _ � ,� Borroaea notice at the time of ar piior w an inspeclion specifyiug reamnable c�se far the mspecoion.
<br /> :^^,c;,,,,..-� 10.Coa�emnatiom. Tdc ptnceeds of any eward or claim for dainsges,d'uoct or co�uequential.in cunnaxion aith any�� .`
<br /> .__, -�--�.. candeno�ian ar orh�lakiag of�y�et of�e Fiop�aty,or for conv�yan�ia ticu of a�ndemnation.�hcaeby essi�ned an -`,=,
<br /> . , � sAall 6e paid to 1.ender. .
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<br />. - „S �' In the event of a mtal takiag of the Property�th+e Proc�ds sdall be spplied Lo the sums secured by t6is Secariry Insuuaieat,
<br /> , whedcer or Qot then due.witL any excess paid�to Banower.In the ev�t of a partial taking of the Froperty m whrc6 the fa�market .
<br />. � ' value af d[e Property imrme�arely 6efur�the takmg is equa]ta or�tt�an the amount of the sums se��u+ed by this SeGSrity
<br /> , `. In�ument immediafely hefore the raking,anlesg Baaov�rea and I,endei othe:wise a�ee in wriring,the snms sec�ed by tius
<br /> - - Sec�uiry fnsuumeni s4aII be rednced by the amomit of the pmoeeds mullip�ed by the follnvring fracti�on:(a)the wtal amouat of
<br /> :�;. ,.� .�. the sams scpnred immediarety before the taking,divided by(b)the fair market value of thc Property immediately befare the .
<br /> . takmg.My balance sGaI16e paid to Bmrowei In t�e eveni of a parual taldng of the Prape�y in wLicb the faa markct valuc of thc
<br /> , ' Pmpedty immediatsiy 6efore the tatang is tesg d�u the amnuat oi ihe snms sec�ued 'unmediaoely before il�e tatang,unte,ss ,
<br /> - . Hoaower aud I.endex athawise agree in writiag or�mless applicable 1aw ot6elwise pro�idc�,�the psoceeds shall be applieB tn the
<br /> � sums secwred by tt�is Ser�uity Insuument whc,ther or not the su�s aze then dae.
<br /> If the Ymperty is ab�doned by Bomawer.or if,after nodce by Lender Ao Euirowea that the condemnor offeas to mak��
<br /> .. .'T'- �.+ awazd or sett2e a clsim for damages,Bairowra fa�s tn respond m Lender within 30 days aftea the date the notice is •
<br /> .., .;.>�::: �,` is audtothed to collect and apply the graceeds.at its opIIO�,eittter to re�stnr�r�*nr repau o¢We Ptopeaty:�r.to the sums sec.v:ed
<br /> _� ,`�;,.,...•;{: hy tlris SocurIty insin►iaeat,whether ar not then dne.
<br /> n � Unless:Lendra and Bouawer othervvise agcee ia writing,any application of pinceeds ro pimcipal s6all unt extead or posty�ne
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<br /> , � .� the dae datie of the naorrthly paym�tv refemed tn ia paiagraphs 1 aud 2 ar c6ange the amountof such payments. =`
<br /> '.;�, ; :"�- � il.Borrqwes Not Released;ForDearance By Lcada�Not�Wa[v� Exteasion of the dme for payment cv modificauon R:�
<br />:;:,::._._:_ , , . , of amartir,ation of the sums secu�ed by[his Se�wity Insaeimean gianted by l.eaedea ro any snocessor in inte�est af Bormwea shaU .�':
<br /> , . . nat apeaate to retease the liabitity of the original Bmmwear or Bmmwer's successors in inte�e.st.I�der sLaII not be required tn �-::,
<br /> �'F.:.�' commence Ptooeedings agaias!any succe:�or in iate�est or=efuse ta extr�d t�ne far payme�tvr otheawisc modify smar�atiaa of � .;:
<br /> '. � , the svms sec�re¢bY tLis Se.curity Insuumant by reason af any deanand made by We aulg�al Bomnwer or Bo�ower's suocessors �':�:
<br /> � .: •:.�• ia inie�.st.Azty.forHearance by Lender in eaenci�ng arry right or r�medy shal�not be a waiver of or prechtde the acerctse�of any _
<br /> • � �,t ;:_� tight or remedy.
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<br /> :,;,,. .; ' .,:;``.� IZ.Snocesais an�l Assigns Bonad.doin�e¢G SeveraH Lia6�ity;Co�igners.11ee covevants mi�b agreeane,nts of th�s
<br /> .:;:,:;:::, • Sacu��nsu�t shaD bind aad he�efit the saccessms aud.assi
<br /> -;�;.,:,. .. Tn gas of Lendea and�c�wer, snbj�ct w the pmvisions of
<br /> ��u � ,��, par�b 17. Bomnwes's coveaanB aad agreemenis s6at1 be joint aad severa}. Any �i�¢oa�er w�v ca-sigac t6is Sequity
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<br /> ����` .'�i•,.::. tnstrameut 6ut does not cxecute the Notc:(a) iv casigaing this Sec�rity Iast�ument oniy w�mwtgz�gQ.gmnt and convey that .
<br /> • ''''3'• BOR09VC7'S II11PlPSF 1��C PIO 1�1
<br /> �. t. �.r�;�. � P�Y undea ihe egams af this Seaui Insuume��(b?is not P�o�Y�?��DaY the sums
<br /> . "`�' secured by tt�is Seaairy Iastrumeafi and(c)a�ecs tDtat I.endrr and any athea Baaower may agree w extand.raodify,forbear or
<br /> �• .. .
<br /> make any atxammodations with reg�d t4 the tenaa of this Sec�¢ity Instriunent as the Note�v6diout tl�at Bormwer's consent
<br /> . ` ��� !3.Loan Charges. If the Ioan sec�red by this Security Insa��raent is sub,ject w a Iawr cvhich sets maxBnam toan charges. -
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<br /> ° ,�:: �- and d�at law is finalty�te:preted so that the ini�est or other loan cQarges coIIected ar ro be collected in m�e�tinn wfth thc loan
<br /> .: �� ' � eaoeed the pamitted limits,then:(a)aay snc6�n charge shall be reQaced by the amoont neoe�y 3�ati-�tace the ch�ge w the
<br /> r :��..�.�,. ,. .' permitted 1imiC and(b�any swns atmady aoltec�d fmm Brnmw�r whic6 exceeded pcamiued limits an'lt ft.x�mtuadcd w Batrowei •:
<br /> � , Lead�abay choose to make tbis refund by reducing the principal owed under the Notc or by makiag a direct payment w� `� '
<br /> . , . Bom�wra.If a refund reduces princiyal,the reductlon aill be tr�ted as a pa�tial prepayraent without anY piepayment c�arge
<br /> � - , onder the Note. _
<br /> . , 14.Nottc.e�. My notice w Bmrower pmvided for in this Seauity Instramea�t sbaU 6e given by detivering it or by mailing it
<br /> by fust class mail nnless aDpllcable!aw requires ass of artother methad.'Ifie notice shall Ue dim�ted to the Propaty Address or
<br /> ' . any other address$orrower designates by aotice to I.ender.My notice w Lender shaU 6e given by first ctass mail to Lacd�'s
<br /> . ., ad�ress s�0ed hesein or any►oWer address l.eader desi�nates by notice w Bomower.My notice provided for in this Seatrity
<br /> � . Iasorument sl�aD be deemed tn have been�iven tn Borrower ar Leacdca when given 34 ptovI�ed'm this patagaph. �
<br /> , . 15.Gaverniag Law;SeverabiEity. 'I'hl4 Sec�rity Insmunent shall be govemed by Pederal !aw and the law of the �
<br /> . • •� , - jurisdic�on in wh�the Froperty is tocated.Ia Ae event tLat any prnvisinn or clause of this Secarity*PasWment or the Note -�
<br /> • coMicts with applicable law.sach contlict shatl not affect other pmvisions of this Seauity Inswment or tIIe Notc whIch cxn be
<br /> � ' � given effect�vithout the conflicting provision.To this eaid the pmvisions of Ws Security Instrument and the Note are decla�ed to �r,'�
<br /> . , f be severable. .
<br /> � � � Form 9020 9l90
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