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<br /> paymcnts may no longcr bc rcquircd,at thc��ption of L�cndcr,if near9ga�c insurancc covcragc(in�hc amount and for thc periad
<br /> � � lhat I,ender roquirc.v)Providcd by an insurcr approvcd by Lcndcr e8�in fxccvnc9 availahic and is obtaincd. Bortowcr shall pay thc
<br /> � pcemiums required to rnaintain mangage tnsursu�ce in etfect, or t� provide a las.g re.�rve, until t�e requirement for mongege � �•
<br /> insunnce cnds in eccordance with any writtcn agr�nt bctwccn Bonawcr artd Lu:de�or eppl�cnblc lew. �ndcr shall rvc „r
<br /> '�..+�.�. 9.Inspectba. I.cndsr a Its agent may mdcc rcasonabk cnvics upon and inspocticx►s of thc PropatY• R .
<br /> ' Borrowu noUct at ihc timc of or prior lo an inspxtiai spoc[fytng rc.asoneb(c cause for tha inspoctbn. �;_
<br /> :�.� 10.Condemaatbn. 'itse pcoca,ds of eny awud or clatm [or damages.ditoct or coasequentia►� 1n connuction with any '�"�.;"
<br /> co�demnadon or other taking of any part of the Propeny�or for canvayance in Iwu of condemnation,sue hueby assigned and ,,.:�,;
<br /> shall be paid to I.cndcr. _:_
<br /> In the event of a total taking of th�ProperiY. the Procc�'ds s�1 b�aPp!'°d�°the sums socure,cf by this Security Insuument. � �:�°
<br /> whethu or not thea due,with any eacess paiA to Sorrower•In the erent af a partial e�JCin$oi the PrOPertY in which the fair mndcet __
<br /> ; value of the Property immodiately be[ore the takin8 is Wual to or grcatu than the amount af thc sums sxund by thi.a 5xudty '� '_;.
<br /> Instrument immediately befoee the talcing. unless Bo�cower and Lendu othelv�ns�Agree in writing�the sums soc�vod by thls -
<br /> Security Insuument shaU ba red�ced by the amount af the proceeds muldpliod by tha folbwing fraction:(a)the wtal amount of .
<br /> 1he sums socural immediatety before the taking, dividod by (b) Ihe fair market v�lue of ihe Property immodiately beforo thc
<br /> m which the fair maricu value of the
<br /> taking,pny balancc shall be paid to Barowu.In the event of a pariial takln�of thc Proputy' _
<br /> � property immodiately beFore the taking is less th�n the en►ount of the sums sccuraf imu�adiately bcfare thc wlcing, unlcss
<br /> � Bocrowcr and I.ender othuwise agroe in writing or unless applicebl�law whawise provides,the proc�oeds shaU be applied to the _
<br /> ' sums secured by this Securlry Inshument whetha nc nc�t[he sums arc then due. i a
<br /> If the property is abandoned by Baaower,ar ii. aftu nodce by Lender to Scxrower that the cAndemnor offers W msdce an ��:r
<br /> dward or settla a claim for damagcs.Borrower fails to respond w L�de�within 30 days after th�date the notke is given,l.er�der �,
<br /> is authorizod to colloct auid apply the procoods.at its apuon,cithu to resuxation ar repair of the Property or to the sums socured =
<br /> � by thls Security Instrument,whether or not then dua �""
<br /> Unless Lendcr and Bocrowu otl�uwisc agroe in writinng�anY ePPlkarion of praoeod.g to princiPal ahal!M►t axund or postpone �
<br /> � the due date of the manhly payments refar�d to in paraBraPhs 1 end 2 or change tha amount of such paymu►ts. �
<br /> • " 11.Borroxer Not Rekased;Forbarance By Lender Not a�VV�iver. Extension of the dme for payment or modif"�ation �_
<br />=r' �f amorti�ation of the sutns secured by this Socurity Instrumens gtanted by I.eoder to any suotessor in intaest of Barowu shaU =_
<br /> • � not operace to rekaSe tha Ilability of the odginal Bomower or Barowei s s�i»s Li Li.�.,si.Lcncl�als:.:l not�reqs:ir.�ia
<br /> �: ,:, ,,. .. comrt�ence proceedin8s against any successor in intacss or refuse to eatend dnno for payment or otherwise madify emorti�.ation of _�,.
<br />�=y;� . the sums secured by this Securtty Insstcuument by rr,acon of any demand made by tha original Borrowa or Borrower's successors =
<br /> .e;,' r � in �nteresG My forbeanuicc by Lendu in excacising any right or remedy shall nat be a waivu of or preclucb the exercise of eny
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<br />��.r���, .'. , dghtor rernedy.
<br /> ,�'M :•.�Y:.:,;' 12.Suocaeors�ad As�ne Boundi Jaint�nd Several Liabilityi C���.'Rie covenanes and aBreen�ents of this �
<br /> �,'""�;�'��• x . Socurity Instruma►t s1�all bind end benefit tt�e suoce.ssas and �ssigns u[Le�xL�r :uKI BuiYUwrr. auujcx,t lu it�p�ovlsEotts uf - -
<br />=?:'�" . .,=; paragraph 17. Barowa's covenants end agroemuits shall be joint and sevual. My Bomowa who co-s3gns tfiis Security
<br />�.-'`�"."':. Instmma�t but dow not exeeute the Note:(a)is co-signing this Securiry Instrurnent only w mocegage,grant and comey that
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<br />��r•;.,� Barower's intue,�t in the PiropacY under the tern�s of this Security Insmiment; (b)1s rat Pasonally obligated to pay the socns
<br /> �-,:�:'�-�,�._�,_ secured by this Socarity Instrument;y►d(c)agroes that Lender end any other Barrowu mxy agrea w extend.madify.fabear or
<br />�''+'�� ���y�commodat�,ns with negard to the tums of this Security Inswment or the Note without that Sorrower's consen�
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<br />�;=,�-, 13.Lw�Char�ea. If tha loan socured by thls 5xiuity Instrument is subject to a law which sets mauimum loan charges,
<br />—._ �„_�, .,
<br /> - and that law is finally intapreted so that the intuesl or other loan chacges collocted or W be collected in connecdon
<br />_isyri�'`��Y ea�coed the pamiued limita,then:(a)any such ban chuge shall ba reduced by the a�nount necessary to reduce the ct�argo to the -
<br /> �J����.: ".. permiued 1'unit;and(b)eny sums elready collectecl fmm Borrower which excecded pem►itted Wnits wiU be refundod to Horr�wa.
<br /> I.ender may choose to make this nfund by nducing the principat owed under the Nou or by malcing a direct payment to
<br />°�;.';�;,�a - Barowa. ff a refund nduces principal, the reduction will be treated as a �sartial prepaymeat without onY Prepayment charge -
<br /> .�.�-._�M..w.s .�
<br /> �.,i._:: under ttie Note.
<br /> �'�°"` 14.Notkes. Any nodce to Barrower provided for in this Security Instrumcnt shell bc given by delivuing it or by mailing it -
<br />����.- by first class mail unkss applicable law requires usc of another method.The notice shall be directul to the Property Address or Q
<br /> -- .'���� � any othu address Borcowu designates by notica w Lender.Any nouce to Lender shall be giver� by Cirst class mail to Lender's a'_
<br /> --: `M�`''' address stated herein or eny othcr address L.cndct designates by noticc to Borrower. My notice provided for in this Security �
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<br /> �� Inscumait shall be deemed co have been given to Borrower or l.ender when given ag providai in tt►is paraBraPh. -
<br />- ;, � ' 15.Governing 1.Aw;Severabil9ty. 'I1�is Security Instrument shall be govemed by federal law end the law of the
<br /> � �`� .'� juri9dicdan in which the Proputy is located• In the event Ihat any provision or clause of this Security Instrument or tha Noce
<br /> _ �';,' conflicts with applicable law,sucA conflict shall not affcet other provisions of this Security Instrument or the Note which can bc
<br />-� � given effoct without thc conflicc+ng provision.To this end the provisions of this Security Instrument and the Note are declared to -
<br /> be severabk. •
<br /> . : �i Form 302i OIlO
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