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<br /> °= payments aray no Ionget be required.at th��l�Y�el�;'"JmortBaBe insnranae covaage fin 1�ie amount aad for the period `
<br /> '.`..� �� �at Lcader rcqu�res3 Dmvlded by en iruurer approved by t�der a�ain beoomec avaiia6le aad is obta�aed Bomnw�r sball pay�e .
<br /> . . �. '9 p�miums required w m�imm�n mortg�age insuraace in effec7.or to provlde a Ioss reseave.unu7 the requaeneeat for mort�age � ;
<br /> ��="• '::. ;� insuraace euds in accordanco wii6 any writt�a agRemeat between Bosower amd Lender ar applic�b2e taw.
<br /> �' �r-y-` 9.Snspedion. Leaider or ita ageni may make rrasonab2e eutries upon�d mspections of the Property.Lead�st�a11 give
<br /> —_--'—'�""'�`-- Bastawer uoti�az the tinte ot or prior w m�inspeexion speafying reasonable cause for the iuspection.
<br /> _ - 10.CaaBe�anattaa. The pmceeds of any awas+d or claim for damages. ditetx or consequeutial.in wnaection with any
<br /> � condr�aation ar ather ta�ng of aay pan of che Progescy.or for conveyaace in lien of oond�nnnarioa.are heaeby asstgaed�d -
<br /> . - , . .. shan be paid to Leader. .
<br /> . : . . �`�2 In the eveut of a wtal taging of the Aaperty.the prac�s a4aU be applied to the sums s�by this S�jr Inspeumeat.
<br /> . whether or not th�dne,wuh a�►Y excess paid m Bmrower.rn the event of a paroal t�ang of the Pmperiy tn wbicb the fe'u m�ket .
<br />� ,��,`' �,,, .� �;,,.° va1Be of ihe Pmpetcy immediately befoie the t�g is eqaal to os g�eatcr than the amnant of the suaos secu�ed by this Securiry `=;,�'�;.
<br /> . � Iastmmeat�ia�IY befaae the talsiag, uW�ss Ba�row�and I.e�der othe�wise agree in wriring,the sams secured by tbis
<br /> � �� Senuity I�strumeat s6all be reduce�by the ssammt of d�e gmceods maltiplied by the follawing f�ioa:(a)the wral amount of �.��;�
<br /> , `,`s the smns s�aued�mediately+befare the ta1�g,divided bry(b)the fais market value of the Pcoperty�nme�elY befa:e the
<br /> , takim�.Any ba�aCe s4aU be paid w Baaawer.In the eve,nt of a paraal tak�g of the Avpeny in whicD rhe fair ma�t value of the
<br /> ` , ��; propaty unmediarely hefare the mldng is iess tban the amo�t of the sams secu�eA imme�ratciy hefoie the tatdng, ualess �.
<br /> ';'_; Banowa and Leader othe�wise a�ee ia writing or nntess applicable law offierwise�the pmceeds shari be applied tn the �.
<br /> �, _ ..', sams setaued by this Seauity Iastmmmt whether or not the sums are th�due, ,,,°t
<br /> . `' If the Propeaty is ab�doned by Boa+owel,ar if4 aftei notica by I�endea m Bmmwer t�at tHe aandemnar offers ta make�n
<br /> .. �-� .`.�;'�..'".' awas+d ar s�tle a claim fiir.dffmages.BoAOwer fails w respand m Lr,uder withia 30 days aftea tIIe date @ie nouce Is givea,Leatder ,
<br /> � �'� is 2mzL�L�collect and agply the proceeds.at iLg option,either to res��mtian ar tepafr of the Pmperty or to the sams secvmd
<br /> .. by t�is Sec�ity Ins�t.whetL�ar not thea�d¢e. • .�
<br /> � • ., Unt�ss Leudea and Bmmwer ot��wise a�ee in w�tin8,aaY agD2iccatinn of psnceeds w princIpal sLaII uac e�end ur postpone . "
<br /> - . .--::� the dne darea�rhe monthtY FeNmearsrefe�red w inpaagraphs 1 and 2 ar c6ang�e the amotmt of sac8 paymeats. _
<br /> . YL Borro�ves 1Va!Re2eased;ForEearauce By l.eader Nat a Wafver. Exoeasinn of the tiffie for paymeat ar modi�on ._
<br /> of�nn c�f the s�os se�ed by this Secmiry Iastrnmeat�mntad by I.e��to any snccessor in intae,st of B�wa s6aII -_
<br /> not o�to�dte liabiiity of the ortginal Bo�mwer ar Boimwer's s�ms in inteaest Lender s6alt nai�seq�ed to !
<br /> � ���.� �ammmee praoeedia8s a�aiasc any saa�essor ia inte�est or rf�se w exteud time for gapmeat or otheawise modify�on of �--__
<br /> . � 'u �� the sams secared by this Set�iry Ins�um�t by reason of anyr demand made by the arigmal Boaower or Bmm�'s suc�a�s. . vn'ri::
<br /> .. .� #� in intea�t.A�r faibe�anee by Leuda iu acer�is�g any right or re��ty sbaD not be a r�raiver of or psecJude the ex�ise of� �','�-"'
<br /> ��:_
<br /> . , `" .;�,� �ightormmedy. �_-
<br />- : � ��`�� 18.Succe�s and Assigns Bo�d:datat ead Seveeat Lta6�'ity;Co-stgne�s The cav�auts and a�r�¢enES of this �..
<br /> s`:� < . �= Sec�ity Ynstmmeat shaII btnd and be�efit the snecess�s and asai�s of Lazder and Bomawer,sabj�t m t*.��ovisions of F" -
<br /> .. ;.�:"�� par�agL 17. Bamnw�r's cove,aants and �eements suaD be jaint and sevesal Any Bomowea who co-sigrs�is Se�aniry w-
<br /> '• . ia�ni but dacs not exer�tte the Not� (a)is co-signiug tLis Ses�uiQy Iasacmn�nt only m mortgaige,graat aad convey iJ�at -_-
<br />:.�. . . • Bcsaawds m�i in the Progary�mder the trams of this Sec�ity I�amenfi ib)is not peisonalty abli�ted to p�yr the sams ��.
<br /> . � � ��+ed by o�'ss S�ity Ias�n�fi and(c)agrees tha�Leader and aap othez Barmwea may agree w e�nd�Qcad�►.farbear or �.,`.'
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<br /> �';' � 1�'';� ta�e anp z�atimtsa��regaid w the t�ms of this Secaaity Insarmne,ntor theNote wIthont tdat Borrowea's�sent � `':
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<br />- ,. 13.Lasn�.�. L�dhe loaa s�by this Sec�ity�t is svbject W a law which sets maximum toan char�es. -.. ,.
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<br /> �� �;�(y,<< and thaz law is��ted so d�at the i�te�e.ct or at�es loan c�eolleaed ar w be coIIecxed in oonnearon arid►the Iaaa '�-
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<br /> _- ::r���:� exoeed the p a m tt t e d 13m�s.�:(a)aay ss�fo�ctrar�e sbaII be ze�ed by the amomit necessa�y to redace tde cbarge w�re -
<br /> ar
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<br /> :.. g�iued 1�and N)anY sums el�eadY�from�v�wbisb exoe�deA p�mitted tlmits RT�cLt be refanded tn Bwmwer.
<br /> '.. ,,�;��,� B�►der may choose m mage thia r�fand hy r�e�aciag t3��Pra►ci�1 owed imdu the Note or by maming a d.�at paymeut to
<br />= : '.''�:. B¢cmwea.U a tefmtd zedases prlACtpal.t�e�ednc�ion will.be oreated as a partial prepayment wi8�om auy g��r'�neat c�ge
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<br />_. . . .. ;.��,: a��eNote. . -
<br /> - � . �;.',��'." 14.Na�Ca. My nalice to Bomawet�ravided for in Qris Sec�iry Instrument shaU be gWe»by deliveting ns�r by ma�ing it
<br />_ . - t:�:c.t ,_
<br /> _ �fust class ma�ualess appticabie law�use of anothea method.'19ie noflce sLaU be directed to the Pta�y Address or
<br /> _. •. , ,,,, ;
<br /> �o�addre�s Bonowes desi�by notice to i�Any nodce w Lereder smaD be givea by fast ctass r�r3 to Leadea's ��-
<br /> . . �S stated herei�or any oth�addresv Leaidri desi�by noticc to Bormw�Any notice pmvided for in dua Sec�aity i`��;�
<br /> Le ,.,.�
<br />_ ��� � lnst�ume,at sbaU be deemed to have De��ivven to Borroa�m Lender aheu givw as pmvided in this pacag�aph. .� �
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<br /> -.. � . ' . ' •.�;:�";'�� 15.Governtng Law;Severabitity. �is Sepuiry Insuament s't�tl be govemed by feQaal law and tbe law of r,�e
<br />_ ' . . .��•." • �sisdicaion in which the Ropacy is tocated.ln the evea�t thas aay pzovision or ctause o!this Seauity Inswment or the Nate .
<br />_ ° � . o�fliets wim sgplicahle law.sucb c�onflict s1�aU not affec�oiher pmvisions oi tlda Seauity Insuumeai or the Nce�e whlcb can be .
<br /> - ; �`.i ; giv�effect withoiu the canflic6ng ymvisiom.To thi4 ead the provisions of this Seaulty Inswment and t0e Noz,e are dectazed tn
<br /> , �°. besevelable. ��
<br /> • � Fotm 8b20 9180
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