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<br /> subc�antlally equivatent mnngago insur�nce cuverubc in netit uv:iil:tiHlc,Bt�rnnver shnll p;ry a►IAndcr euch nx�nth i►sum equul to
<br /> •one•twclRh of thc yearly mimAag�insuruncv premittm hcing pai�l by Ik�rmwcr when tlic intiur.incc 4��vcrubc Inps�l or c�a�ai�5�•,
<br /> be in cffcct.l.en:lcr will acccp�. us�+md reteir�thc�c pAynxntc�us n lu�ti rc�crvr in liru ol' mangagc insurancu. 1.��•s rc�en'c
<br /> puymcAts may na I�mgcn c�rc�ulrcd.nt ttiu uptian al'l.endcr• if mi�rl8+i�c imuruncc c��vcrug��lin ihc umount.unt for thc�krl�xl(�
<br /> :isai'..:ncl�r •������e�! ;+n,vid� hy uu insurcr i�ppr��v��1 bY I.c�xlcr ug+dn ixconks nvuilubtc uiid ls c,t�tnincd. kiorrowcr,Iwll puy�
<br /> tt�e premium.r r�quireJ to n3uintuin nwrtgugo insur�mce in cffc4t,ur to pmviac u iu.ti res�rva.uniii iiin rci�ui�ri�n:ai f�c mnrtgu�;e�
<br /> insuruncc cixfs in uccorduncr K ith any written ugn.�emcnt hctw��cn Rnrrnwcr iux!IAnQcr or opplicublc law.
<br /> g. It�+pecNan. l.uxicr nr its ugent ma� muko rcarum�hlr.entrlcs��{x+n u�xl ins�:ctinns ut thc Pn�{wny. L.endcr shall givc�h
<br /> &�rcower nwice at the time af i�r prior ta nn a�s(�ectfnn speclt'ying reasunubie c�►usc fnr the incpectiun.
<br /> 10. Contkmns►tlun. 'rhe prc�cecds of uny i��va�nf ur cluim fi�r danwges, dir�tit nr conseyuentiul, in cannectlon with any
<br /> crnxleiuuution or itith�r taking s�F any part ot'thc Pm�xny. ��r Yor convcyancc in licu af�v�ndcntnatiim, iire hercby nssignal un
<br /> shall bc paid ta l.cndor. � .
<br /> ln Ihc ev�nt uf n tatal taking uf the Pmperty.thu pnxeeds shall t►e upplicd ta the sums secuuxi by this Scrurity Instniment.
<br /> wqc�h..ur nat then due, with uny exccss puid to Barre�wer. In the event uf a partiul tnking ��f the P�openy i��vliich the fuir
<br /> mnrket vulue uf tho Praperty immtxtfutcly t►etore the tuking is equal ta or grext�r thim the amaunt of thc:,ums�ecured by this
<br /> Securlty lostcument immediutely beforo ti�e tc�king.unless Barrower and I.ender athenvise ugree in writing,the sums�ecur�i by
<br /> tl�is Securlty instrument shnll be rcciuced by the amount af the procecdh multipliccl hy the following fnution: (u) thc te�tul
<br /> •�unount of tl�e sums secured Immeclfataly t►efore the t:�l:Eng, divided by (b) the fair murket vuluc of thc Property immedintely
<br /> bef.ore the taking. Any bulance nhall be paid ro 13o¢►.crwr:e. In the evcnt of u �*���1 u�kins of thc Pmperty in which the fair
<br /> mar[cet vaiue of the Property Immediutely be£ore r.�e�akiit�is Iess thun the um.,nu.nt crf the sums secured immediutely t►efare the
<br /> taking,unless H�rrawer nnd l.ende�cwlr.evwise ag,r,ce ia wnting or unlesti ap�[icaib[e[�w otherwise pmvides, thc prcxeeds shall
<br /> be applieci tv the sums secured by ai�is Securir.y Instrument whether or ncra tMe sun�s�;e then due.
<br /> If the Pe<ipc�ty is abandox�ed�►y��rrower,or if,uftcr nutice by Il.en�lcc to l�r�vwcr thut the condcmnur uffers w matce an
<br /> award or settle a claim for damages.Borxo�wer falls to respqlx�ta i.eader w�RE�in 3Q?duys aRer the date ttr.e c�o�«Y is 8ixr.n.
<br /> L.ender is authorized to oo�llect and appl�r thx Pra�e�s,ut Its optron,either to restoration ur repair of the PmpertY�r to the sums
<br /> s�:ured Uy th�s Security l�strttcrtet�t.�tilerth°��r not�hen due. ���tion of roceeds to ,rinc� sS�rai.E na/extri� or
<br /> Unlcss [.ender und Horrower,othenvise Agree in writing. uny app' P W P�
<br /> postporc the due date of thc monthl payrncrnts rcferred to in pareg�aphs 1 and 2 ar rhange the:unvunt of suc�e payments.
<br /> Il.Borrower Not Reks�sed:�oe3r��mnmce By I.ender Not a Waiver.Extension of the time for paymem or modificatiwn
<br /> of amortizatton of the sunrRS secured by t�6s 5ccurity lnstn�ment granted by Lender ta any successor in interesn o�i Borrower si�all
<br /> ,,,�i opzrate to rcicasc d�e liaN:��it, of the nri�tnal Aorrower or Borrower's successors in interest.Lender shall n.c�be raquirod to
<br /> ;uuunence proceedings Agi�in::ti.any�+tcessc�r in interest or refuse to extend eime for payment or oti�erwise ac�r.�ify ar�►t�za:'an
<br /> af the sums secured by this Sr���rns�' Instzument by reason of any demund made by the origmal Borrowcr or Borrower's
<br /> successors in interest.Any farbe;tatincc by l.ender in exercisins any �ight or remedy shall not kre a waiver of or precludc rtht
<br /> exercise of any right or reme�lv.
<br /> ' 12. Successo�s u��9 As:wi�roa�Ro�ndt Join�t and S�ve��l Liabtlity; Co-siRaers. 'f he covettants ond agrcements of this
<br /> Security Instrument shali bimd and benefit the successors and assig►s of Lendec�ir.!Borrower, subject to the provisions of
<br /> paragraph l7. Bomower's co'venants u�xl agreements shall be jotnt anct severuZ. �ny Borrowerg 8o co-s'ign��n� tha =
<br /> Iaauw��ciit i�,ui dacs noi �xeCUSe ihe?`1�!e' (a?Is�n_vn��ing this Secudty Instrument onl to mort a e. �ran Y
<br /> Barrower's intemst in the Property unc9zr the terms of this Security[rtstrument;(b)is not personaQy obii8atod[o pay ihc awi�
<br /> � securod by this Security Instrumeeet;att�tc)agrees that Lender and nn>�other Snttower may agree to extend. modify,forbear or
<br /> , ma�ce any uccommodadons w�th regaf�3 tu ttic terms a�this Securiry,'lns[rument or the Note without that Borrower's c�onsent.
<br /> � � 13.Lo&a Charges, lf tfi�loan.si;ct�rPd by�thi.�s Sccur�ry Instoument�is�ubic►:t't�a law which sets maxi�nr►nm loan chargcs.
<br /> und that inw is finally i�verpreteiy s.n ufi�t tt��t mtere:st or otfier loan charges oollected or to be collected in cunneclian with the
<br /> loan exceea the ptrmitted Gmux. i��n: (n) uny such loa��chargo shn9E be teduced hy 1he amouat necessary to r�duce thq i'�i�e
<br /> to the permEtt�,}limir,and ib?a»,Y sum�ulready collected from Horrv�.ver which exceeded pum�tit�sl limits will'bc refuaz:led't�
<br /> Borrower. Lender may chouse to mnke this refund by redacing th� principal owed under.the Note or by tnaking,u tiirect
<br /> payment to Borrower. If a refund reduces principal, the rtxluctlon w�l! be treated as a partial prepayment withoui any
<br /> prepayment charge und�r the Note.
<br /> 14.Notkes.Any notice to Bormwer providal for in this Security Instntment:,Aall be given by delivering it or by mailing
<br /> it by first clau mail unless appticable law requires usc of another method.The notice shall be directed to the E�ropeRY�►ddress
<br /> or any other nddress Borrower designates by rwdcc to Lender. Any notice to Ixnder shall be given by ftrst class mail to
<br /> I.ender's address statal herein or uny other address l..er►der designatcs by notice to Bonower.Any notice providad for in this
<br /> Security Instrument shall be decmed to have bcen given to Borrower or Lendcr when given as provldod in this paragraph•
<br /> 15.Governing Ls�w; Scverability. This Securiry Instrument shall be goyemed by fedcral law ;o��s� the taw of the
<br /> . jutisdictlon in which the Property is located.In the event that any provisIon or c�nuse of ttus Secur�ry Insur.srment ur the Note
<br /> � confticts with appficable ltw.auch conflict shall not nffect other provisions of t?�is 5�curity Instrument or tho;l�n�c whieh ean be
<br /> • ' given effec¢without the oa►fliMing provision.To this e�x!the p�viaions of this•Secur�ty Instn►ment and the�Nute are'decl�t�d
<br /> to be sev�iable.
<br /> l6.&+armwer•s Copy.Borrower shal l be given ooe confomxd copy.of t�a�l0iz�of this Securiry Instrument. , , :.,_
<br /> 17.Trrncter af tlYe 1'rnperty or w Beneticial Interest Gn Burrower•i�'�n90��r uny Part of the Property or any intercst in'it �
<br /> is sold or transferred(or.if al 8eneficial interest in Borrower is sold or trainsfe•r�c�e�! E�ncl Borrower is not a natural person)without
<br /> x,ender's prior written consent. l.ender �nay, at its option, require immediaee•puv�nent in full of all sums secural by this
<br /> = Security[nsttument.However,this a�tinn shaU not be exercisei bp Ti,stnder if exercisc is prohibited by federal law as of the date
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