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<br /> _.a„�.u/i _ . � Affv�.{�L'R'.�i3 �,!_NC&L4"..{:,.'s�fr_._-"
<br /> pnymentq may no Inng�r t�e-rcquirr.d,nt the opdon nf I.et�der. if mttttgu�,e imuranc¢cnveiu�t�lin thL�7�ffi�nt n�d�Yoi'thn p�.'i�i`xl
<br /> tl�at knd�r rcyuircr)pmvidni I�y i�n inxur�r apnmvcd by l.c�uic�uguii�hccunux uv�iilnhlc and ie obUdncd. Burrowcr shull pny ,
<br /> thc premfums rcyuirrd t��malntnin nmrtgnge Insurnn�e in cffcrt,iu ta pruvidc u lusti rc+erve,un►II tho rwqulrx�n�ent fi�r murtgaHe
<br /> insur�nce c��ds io ucwrdunrc with uny wrlttcn agrccnxnt bctwccn��r�uwcr uuu IAnite�a� uppii�nidc i��w.
<br /> 9.Ir�sp��cdo+t. I.cndct or Its ugent muy mukc rca�unuhlc cntrics���m w�d in��x�ctf��ns nt'tha Pr���nrry. Lcndcr+h�ill givc �
<br /> Burrowcr nadcc�it thc timc of or�ricir tn un impcction spa;ifying r�a+unablc cuu�c F�rtbc in�jxcdon. '
<br /> 1Q.Condemnwtlun. 'fhe pnkeeJs of uny uwurcl ��r claim f�r dnm�iges, dirc��t ur �umiyuentinl, in conncction wlth uny
<br /> condcnmation�r othcr tuking c�f uny part of Ihc Propcny,nr fc►r c:anvcynncu in licu nf ccnxicmnntion. urc Itercby nssignccl�uid
<br /> shall Nc paidm I.endcr. �
<br /> In the event of a►tntul taking��f the Property,the prnceeds chidl he iippliecl tu ihe su��n secured by thih Security Inxtniment,
<br /> whetNcr or not then duc, with uny cxcess pnid tn aorrowcr. In thc event of'u paniul tuking nf thc Property in whirh thu f�ir
<br /> murkct viduc c�f thc Property immcdiutcly t*eforc thc tiiking is cyuid w��r grcatcr tl�an thc umount ol'thc sum� sccured by this j
<br /> 5ecurity insirurnent immediately beforc thc takeng,unless Borrotver und l.endcr�nhenvi�e��g�ce in writing,thc sums sccumd hy �
<br /> thin Security Instrument shall be r�iucal by the umount of the prnceeds multlplicd by the fnlluwMg fr.iction: lu) the mtal
<br /> umount of thc sums secura�iEnmcdiately hefore the tukinb, divided hy (h1 the fuir murket vcdue of thc Propeny immedfately
<br /> beforc tlie taki�ig. Any bal�uxe shall tx: paid to Borrower. In the eve�u o!'u puniul iuking uf dic Pmpeny in which thc fair
<br /> market value caf�he Property ionmecUutely before the taking Is Ie�s than the amount of the sums secured immediutely before�he
<br /> takang, unless E�onow'er and L�nder ntherwise agrce in writins o�unless applienble law otherwisc prc�vides,the pnxec.�is shall
<br /> t�::,pplied to the sums securnt by this Security instrument whether or not the sums are then due.
<br /> Tf the Property is ubandae�cxl by Bnrrower, or if,after noticc by Len�ler to 8vrrower that the co�xiemnor offe�to make an
<br /> avrnrd or settle u claim for damages,Borrower fails to respond to Le�der within 30 days atter the date the �tire is given,
<br /> L.ender is autlioriud tn collcct and apply th.�pr�ceedc,at its option,either tu restoration ur repair of the Property or te�ttie sums
<br /> secured by this Securiry Inst�ureient,wheth�e o�emt then due.
<br /> Unless L.endar and BonraK�er othensn�r �gr:e ia +N�itin$, uny application of praceeds to principal shall not extend or
<br /> postpone the due date of the manthly pay m�nts refarr�:�[M�n parngraphs l and 2 ar change the amount af such pa}rret�nts.
<br /> ?I.�ur.a�we;-�ut�elu►�;; �'u�°be,��u;+aae�ti�y�i.cr��.r rIot a�VriE�er.Extettsion c�f the tim�for paymenf arr 4-ncxl'tfic;itto�t
<br /> of amortizuticn��n uf the sums secured by thiti 3u.:udty Instrument grantrd by Lender to any suscessor in interest of Borrower sfha.P!
<br /> npt opetatc to rci•:ase the liability of the original Barmwer ar Borrou.er's succcssors in i�terest.L.ender shall not bc require�i��
<br /> r.r..,vnenc�proeeedings ugainsb uny successor in interest n�refuse to extend time for payment or otherwise madify umonizatian
<br /> �+1' the sums secured by ihis S�curity Instrument by reason of any demand made by the original Borrower or Bottower's
<br /> successors in interest. Any�fo•rlxnrance by I.esxler in exercising any right or remedy shall not be u waiver of ar preclude the
<br /> _ exercise of any right or rem�y.
<br /> 12. G�cx��rs and Assigas Dound;Joint and Several Liabtlity; Castgners. The covenunts nnd agreemenRs of this
<br /> ��Serurity Instrument shull bind and benefit the successors and assigns of Ir_nder and Borrower. subject to the provisions of
<br /> pura�raph 17. Borrower's mvenants and agreements shall be joint and several. Any Bonowar who co-sbgr.� this Security
<br /> • Instrument but dces not exxute the Nate: (a) is co-signing this Security Instrament only to mortgage,grae�t iino!convey that
<br /> . Borrawer's[nt�resa in thc Property under the Le�ms of this Secvriry Tnstn�menr, (h)is not personully obligated�tti�pay the sutma
<br /> secured by lhis Secudty Instrument;and(c)a;re�s that Lender and nny other Borrow�er may agrea to extend.madity,forbear a�r
<br /> mak�any accommodattons witlt regard co the terms of thiy Security In:tniment ar the Nate withoyt t'r►at Borrower's conscnt.,•.
<br /> 13. I.otm Charges. If the loan secue�ed by this Security Instrumant is subJect to a luw whi.;�.sets maximum l�an chnrges,
<br /> atvd thnt law is finally interpreted so thst the interest or other loan charges collected or to be collec►ed in connection with the
<br /> , loan exceed the permitted limits,then: (a)flny such loan charge shall be reducai by the amount nc.�;exsarg to reduce the chacp�e
<br /> to the permitted limit;and(b)any sums ali+eady collected from Borrower wh[ch exceeded permaucd dimtts will be refunded,to
<br /> Sorrower. Le�der may choose to meke this refuncl by reducing the principal owed under the.��>te.'or by making a direct
<br /> �uyment to Horrawer. If a rofund reduces prinaipal, the reduction will be treated as u psi�tial�(xepayment without any
<br /> prhpayment chacge under the Note. �
<br /> 14. Nutias. Any notice tu Borrower provided for in this Security Instrument shall be given by delivering lt or by mailIng
<br /> it by first clnss mail unle�s applicable luw requires use of qnather method. The notia s�all be directed to the Prqperry Adc�ress
<br /> or eny other addmss Borrower designates by notice to T.xnder. Any notice to Lender shuU be given by first class mail to
<br /> Lender's address stated herain or any other uddmss Lender�designates by notice to Borrower. Any notice pro�vided for in this
<br /> Sec�uriry Instrument shall be deemed to havc been given to florrower or Lendcr when given as provided in this p:u�graph.
<br /> 15. Coverni»g l.s�w; Severability. This Securlty Insqument shall be govemed by federal law and the law of the
<br /> jurisdiction tn which the Property is lorated. In the tvent that any provision or cluuse of this Security Instmment or the Note
<br /> wnflicts with applicable law. such conflict sha�9 na1 affect other provisions of this Sauriry Instrument or the Note which can be
<br /> glven effect without the conflicting provision. To Q�h9s end the provisions of this Security Instrument and the Note are declnrcd
<br /> to be sevenble.
<br /> 16. Borrower's Copy�Bottower shall be given one rnnformed copy of the Note und of this Security Instrument.
<br /> Form 3028 f1190
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