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<br /> 98- it,�as �
<br /> puynxnts nwy na tungcr ho rr��ulral, at tho optian af Lender,it mnrtgAgc insurance cavcr:�gc(in thc smcwnt ancf fc,r Ux�rial
<br /> (IIAI L.CDiICf fC�Ult��%�ndr'tucu iiji au in+iiS:i:q:�,::%:•��`-j 1 rwl��u�nin hrrnmr.a nvuilublc and Iti 011tQitltd. tiurmwer Rtwll�y
<br /> �he premfuma reyuirat ta maintain nxsrtgnqc insuram:e in rffect,�r ta providt a loss re5erve,until the rcyuircnxnt for mohg�go
<br /> insurnnc�e encfr in���rcl+�with any writton agreenxnt txtwan Borrower and l.ender or upplicabte law. .
<br /> y���ppaik�n,Lendc�nr it�aRent mAy mnkc reasnnable rntdes upan and inspcctions Qf the Propeny. L.endcr Shall�iv�
<br /> l3��rmwer rnxfce ut th�dme uf ar}�dnr t��xn inspcetian spccitying rea.r-onuhle c:ause for tl�e inspection.
<br /> 10. C��nde+t�n+tMn� 7'ha pr�xreds af uny award ar claim for dumagcs, dircct or conseyucntial, in amna:tion with�ny
<br /> a�sidemnation or uthrr trking uf uny p+rt uf thc Praperty,or for conveynn+x in liea of co�xlcmna►ion, nrc hen:b�•assigne.�i and
<br /> �shall tse puid ta[.tnder.
<br /> In tlx:cvent ata t�xal tnking of tho Property,the pn�cecds shull bc npplied ta thc sums sc�:urai by tl�is Sccuriry Instrument,
<br /> whethcr ar ixit[hen due, with nny rxoess paid to sarrower. In the cvent of u partial tuking af the Property In whlch the talr ;
<br /> market value of thc Prnperty immedintcly bafarc thc taking ia equal to or grcatcr than thc amaunt of thc sunis securcd hy tlii�s
<br /> Secu�ity Instrumer�t lmnxdiAlcly before ll�taking.unless Borrower�u�d l.ender c>tl�erwine ag[ce in writing.the sunn sccured b�
<br /> this Security iostrumcnt slinll be roduaa�d:b;r the amouttt of the {�►r�ccrods r.nu[Ei�lio� by the following frnctlon: (a)tho cota6
<br /> amount af the sums r.ecucrod immediately befort the takeng,. divi�ded D�r(b?th�e E�it market value of'tho Prope:ety i�tiime.�iiatety
<br /> t►efore the taking. At�y b'rFec�ce slu��� be paid tP HO�rowe�. In tl�e event of a pax�ia� tuking of the Prope�y tn whicA the Eair
<br /> ma�kct valuc ot the I'ropeai�Y imm�li�ttiy beforc the taking is less citar►.che amov.anc�t c the sums socurEd imm�tal:e�K befoce the
<br /> taking,�nkss l�Cre�roK'er and l.encler othenvlse agri.•e in writing ar unless applicab�e!aw otherwise provides, che procoects snar.r, ,
<br /> bo apQliod t�ttio sums aocured by this Security Insqvn�ent whcther cx rac thc sums are thcn dua ,
<br /> if the Pmperty is d+andonod by Borrower.or if,ai;ter notice hy Letxier to Bortower that the cot�demnur offers ta m�lc�v c.as
<br /> awud or settle a claim far damages. Borcower fails to rcspond tu Lcixter r+ithem aQ days a8er the date t�« c�l�rs i� g��rn�
<br /> I,ender is wthorized to collect And vpp�y the Pr'a�oeds.at its o�t�on,either tu rest�a,�;¢s�ie►or rcpair of the Prope�¢y�r ta the sw�ns
<br /> savred by this Sccurity Inct�ument, whet�tci'��not then due.
<br /> Unless Lender and Barrower otberwise agrct i� writing. any application of proceeds to pdncipal shall not txUc:��!c1.±:
<br /> postpone the due date oi 4[�r r���vhthly payments refernd to in patagraphs 1 and 2 at change the amotmi of such pxyu�ais.
<br /> Il.Botmwer Not !f'�.�etaa,ed;Forbearan�x By Lender Not x Watver.Exer,ns�rn of the tirtK far payment or modiE+cation
<br /> of amoni�tia�of the suu�:.+�Laad by this Security instrament grnntod by Lend�u t.�any successor in interest of 8orrowar sfull , -
<br /> �x�t aperntc zm mt•le�se the liability of the original Barrower or flarrowcr's sucxessors in intercsc.Lender chall not be require�d tc�•;
<br /> cpmnxncN.ps:x�eedings against any successor in interest or refuse u�,e:.t,eud time for�ayment or otherwise modify amorti7�s,�eic�:n
<br /> '�s;�tbe supi's secund by this Sx+irity Insteument by �neasan of +��a,, �fcmand m�le by the original Bormwer or Horrowcr's �
<br /> ' ,ucoeswrs in interest.Any forbearxna by L.ernier in�F;SRrsising �I� �ight or�emody shall r�ot be a waiver of or preclnde tha
<br /> taercise of my right or t+emedy. -
<br /> 12. Suca�senrs �nd A�eiR�s Bouadi Jdnt and Sever�l L�xlau�lihw= Co-signn'ss. The covenants and ngeameats af this
<br /> Securiry Instrument siwll bind snd ba�efit the sua�esso� and �ssz�i.m�t'�.e�der and B°R°wer. subject to the provisiot�a ti�F'
<br /> peragnph l7. Borcower's rnven�n�S and agoecmeMs shali be joirrs';amd severxl. Any BorcnN�er who co-signs chis SncuricY
<br /> Instrument bat does not�;t:�eote the Note:(a) is co-signing this Security Instruhwnt only to mortgage, grat�t�nd convey ihst
<br /> Barrnwer's inte�+est in th�f��;;aztry µ�en;the tenns o6 this Socurity Instrumenr,'(b�as not personally obligated tu pay thr sums • .
<br /> secured by this Savrity Yi.�Y��ixnt;'�t�d�;:�a$ras that I.endcr and any other Borrower rtuy agree to extend.modify.forbear or •��
<br /> m�ce any aocommodauons with regar0;t{�s+the tem�s af this Security tnstrument or the Nota without that Borrower's cotwent. •.
<br /> 13.Y.a�s CM�r�a. if the lau►securod by this Security Instrument is subject tfl a law which sets maximum lc�an d►�u.�;:'s., .
<br /> and tlut law is findly interprcted so that the ieterest or otlkr lo�n charges collected or to be collocted!n cos�t�tction wi�'e;d�a��'. .
<br /> lwn exoeed the permitted limits.then:(a)�nY such IoAn cha�ge shall be reduced by tho a�nount nocas�rY to��:l.�l�:thie ClNitge �
<br /> to the peemitted limit;and(b)any swns already rnllected from Borrox'er which eaceeded pern�tted limits wt"tY��refuo��tl•4�
<br /> gor��owu. ��dCt nyy choose to m�ke this nfur►d by roducing the principal owed under the Noee or by m�king a�iretl,
<br /> Payment to Borrower. [f a rcfund roduas principsl. the rcduction wiU be treated as a part3al preQayment without�,a:c�y.
<br /> W�MY��8�under�Note. �
<br /> 14.Notiaa.Ai�y�¢icc to Borrower provlded for in this Sornrity Instntmen�t`afh;�l�l be given by delivering it or by maiUn� ,,,c;;�
<br /> it by firsi cless m�il units§ipplicable law requires use of anott►er method.The n5iiic.s�shdl be dimted to the Prope�ty Addrau %.;. .
<br /> or any other;.�ddress Bornower designate.c by natice to l.ender. Any notta to Lender shall be given by first cl�ss m�il to
<br /> Lender's ady�;�:�stated herctn or any ott�er address l.ancler desig�eates by noeice to Borrowrr.Any notice pmvidod far.:m�tt�is
<br /> , Savrity Insttument slwll be deemed to have been given to Horrower or I.ender when given u provided tn this pacagry�h:`••
<br /> ',,- . IS.Goverdug i.aw; Sercr�blUty. 'fhis Securiry Inst�ument shall be govemed by federal Iaw n�U.�the la�1v of the
<br /> ��i'•jurisdictlon in which the I'ropr.�ty is locatod. [n if�e event that a�y.,provision or clause of this�ecurity Ias�uruut�tent_or.lthe Note
<br /> ' conflicts with spplicablc law,&uch Coe6l:fi�t shall not affect other�a;�,����lufons of this Securiry[c4�a•z,�rnCnt or thei Nate whkl�c�n be
<br /> ;, given effect witfwut tAe conflicting p�nj•+�;i�ion.To this end thr ptdr��i�;i�►s of this Security Inst,��um2nt and the Note t�_�'�i:�2!�+ed
<br /> , �:iu be severable. � of the Note and af this Sa.�urlty I�i�t�tilxRt.. �
<br /> ' ; 16.Barower s Gn���,..�rrower shatl be gi��cr�ane�c.^cmfornkd SoPY „ ,
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