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<br /> ,� Qayiaents coay ao Iongea 6e req�d�d,at the aprion of Leader,ff mortgage�ce s;aveaage('m unt and fas t�e pcsiad ... t j ,°_
<br /> . ' , . `. ' � t1�uaz Lcadet requtces)pmvided bq aa ias�er appcaved by I�eader again beconnes ava�abls and is obmined Baimwer shaII gay the .`.„ , i,�
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<br /> •� � . . insurance eads in a.ccordance wids any R+ritt�a ag�ement between Bmmwer and I��der or applicable iaw. ".. .•.. .
<br /> ��� 9.Ynspedton. L�de�oi its ageut may make reas+onabla e�uies ugon arW insp�tions of the 8icoperty.L.eader shall give F . .. `�4:.< _::
<br /> t �:,-� Bmrop�ern�sicestlt�t�e of ar prior eo aa insge�on spe�ifyring rea4anable�fs�t1�e��. '-� -�
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<br />_ - ' --'�. ��'t1i'�e3t!►:._�" ���^^�°�f���tS�taim fitr aama��'t^'�.�.*SS��2z� �
<br /> .. . V •� oondeama�oa ar other�g of any part of the Pcapaty.or fas conveyance in lieu of wndemnation,a�e heae9sy assigne�l an8 - .�
<br /> sl�a11 be paid w Le,nder. �.s ��
<br /> `,� �,�, ; I n f h e e v e n t o f a ti o t a l�g o f t 6 e P t u p e a t y.t h e p m o e e d s s l�a II 6 e a p p i i e d m t h e s u m s s e c u r e d 6 y t b i s S e a u i t y I n s O n i m e n t, ` �,r. , -
<br /> -�.• '� `..Y� whetbet ar aoY thea du�witb aay excess paid tn Boaower.In the eveat af a pa�cdal ta�n�af the Pmpe,ny in whicf�the fair markei• � ,',
<br /> , ° < value of the P�openy ��tety 6e€ore the taking is eqaal to or gteaDer than the amount of t�e sums seaued by this Sewrity '` _
<br /> -- . tnsOnumeat i�nmediatetp before the talaing,nmle.ss Boimwa�and Le,nder otheiwise agree in wrIimg.the sums sec�ued by this . `�'"r_ _.,. .-.
<br /> _ • �`' Sectuityr Iosttnm�t shall be iednc�by the amo�t of ti�e pIa�eeds mnitipli�by the fallnwmg firacaon:(a)tLe mtal�muunt of � '"�`='y.
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<br /> - , � the sums secuced immediat�r 6efu:e the t�ng,divided b9 N)the fsir mazket vatae of the Fmgetty imm�y before the - --�
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<br /> '' .:t '�'� tsldng.Any 6aTaace sl�aU be paid tio Bosm�rer.Ia the eveot of a partial mkiag of the Praperty tn wt�ch the fanr ma�icet vaIue af the � - -
<br /> _ ' '�F��` �. �P�7+ ��Y befor� the talang is less than the amo�mt of the smms sec�red�mediaiely tsefo:e d�e talong, m�Iess '...t_� '�
<br />-;"' .�' ,� . ,,� Boaawer and Le�nder othea�vise agr�e�in wtiting ar anIess applicabie law othe�v3se grovides.the pmc�eeds shall be applied tn the
<br /> • �' � ``°� `; sams secared by dds Seauity►Instrument whether ar not the smms are thea dae. • :�`
<br /> �'�� If the Pmperty is a6�daued by Baaawea,�i��aftea nattce iry Ie�dea m Bonrower that the conde�nor offeas w malce aa ` 4,, - -
<br />- , .. _ `� a w a r d o r s e u t e a c l a u n f m d a m a g e s,B a a t o w�f a i l s s m r e s p o n d w I.c n d e a w i t l u n.3 d d a y s a�t h e d a t e t h e n o t i c e i s g i v e n,I r�d e a -`.� •
<br /> �,�t:� is su�tori77ed ta collect and appty the pioceed.s,at its optian,either to rest�tian or repatr of the Pcageaty or to the s�s se�ued ' ,:-s
<br /> ` .= ,�'`��, by 8ris 5ecauiq+Instr�meut,a+hether or not then dne. � �.
<br /> .�� Unless Lender a�td Baa+ower otheawise agree m writmS,�Y aPPlica6on of prac�eds to p�cipal sSaII nat este�d or postpone -1 ~ 'r`:
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<br /> � :"... -,� the dne date of t�e inondffy paym�ts�fea�d ro tn pffiagraphs 1�d 2 orrbange t6e amoimtof snch paya�enB. _ ;_- �.-�- _._.
<br /> � •;...•. � 11.Borrower Not Reteased;ForDearance By Lender Not a WaYver. E�cteasion of the tane for payment or mo�on ,..,' �"
<br /> " : ,, of amartI�fl of the sou�s secured by this Seauhy Insa�nneni�ted bgr Lender w any saccessw m umtaest af BmTawer shall .�.�,;,;
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<br /> - ° � not operdte to mtease the�iab�7ity of the arigival Baaowea os Baaawds sacces�a:s ia inrea�st.L,endea shail not he reqmred to ,: .��.. `—
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<br /> : , : commc�ce Pmc�din&s agau�st�y saccess�m mt�vi re�use m e�d time far paymeat oi otheawi.se modi�g am�on of 'i''`" --
<br /> � t�e sums secared by this Sec�icy Instmmeat by:ez�a of any demaad made by the origi�al B�nawc�or Bu�¢c�ea's snecessors "�` -� ---
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<br /> � .� �,, : in inte�st Auyr forbearnace by Leud�in exeacisng any right or:emedy sl�aall not be a waiver of or preclnda�e exerase af any � � , ' -
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<br /> � ` � , �.. , rightarremedy. . ;'';�:�:,- �.._--
<br /> � 12.Saccesso�a�d Asdgag Bound;doint and Several Lia6ility;Cn�sigacrs.�e cavenants and agieemenss .af t�is . '_--
<br /> � _ � � � Sacarinr Ins�me�t st�all bmd and benefit the succ�sois aUd assigas of Lendea end Bomuwea,sabiea to the psovisions of :�, -1----
<br /> �` �� � - paiagrapb 17. Bormw�'s covenants and agreEmenm sGall be joint and seveiaL Any Borrowea who co-s�i�igas this Secauity . •,. , °'-��
<br /> -- . , Insnume�nt bnt does nat�c�cate the Note: (a)is co-stgaing this Securiry Inswment oniy w mort�ge.�ant aud convey t6at ;.�� . ������`�'�
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<br /> , . ��� ��� Bonower's iaterest in the Pmputy aade�the te�ms of this Secutiry Insm�mea�(b)is not g�sonally obligate8 to pay th$sums =�1 �� ;... .._-�-
<br /> . . secared b t�is S ' 1.,�''°�:`�__
<br /> + y eanrity Insttamea�a�(c)agrces thai Ler►der and any othes Hormwer may agee w ea�tead.modify.forbear or _ ---,-_.__,.,•:.—
<br /> _ . : ,•' maIse any.accummoda=ions with regard to the t�ms af this Security in.stmment or the Nare arithant that Bmmwea's conse�t . :•�..',.• �
<br /> : . . � 13.Lflan Cbarges. If the loan secured by th'ss��urity Inswment�S sub�ect co a 1aw which sets maximum loan cD�gea, : ,:-'�=,'� �`- --
<br /> � ' and that 1aw�is fmaliy intap:eted so lhat the intaest c;�othea toan cbarges coil8eted or to 6e oo�in ca�ar�ion arith the taan . :
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<br /> � • ..• .�. � exCeed the permitted limits,then:(a)any sach Inan ch�ge shaII L�:r�duced by the amount n�ssary ta reduce the eharge w the � _-
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<br /> peamiued tImi�and(b)any siuns alresdy wllected from Bomnwer wPucb eaceeded p�miued W�its vrlD be refrmded to Borrower. �r,=
<br />_;.:,; ° - Leader may cimose to m�ke this refnnd by reducing the principal owed andcx the Note ar by makutg�dinect payatent W ; '4.�_,.;�
<br /> .�:� . � � � Borrowe�If a refnnd r�ices priacipal,the reduction arill bo treate8 as a parti�J PrepaYment without anY P�Ym���BE - _
<br /> . - ander the Note. � • . .
<br /> �'; � �, �. Y4.Noticea My notice to Bonower provided far in this Sec�ity Instrmnent shall be given hy deliv�ing it or by mailing it ' � :
<br /> . ., �. t�. �. by first cla�mail w2ess applicab2e la�•requires use of aaoth�a method.7�e nodce sLall be d'uected w the Ptoperty Addre�s or : � '�:,�
<br /> . . ; .. . any other address Bosrower d�igaatrs ray nodce w Lendea.Any notice m Lende�sha11 b�given 6y fust class mail to I.ende�'s - . - , .
<br /> . .. � . address stated 6crein or eny othca address L,cudea deslgoates by norice w Boaawcr.Aay notice pmvided for in this Secauity � �,
<br /> . - , ' Jnsm�ment sha}1 be deemed w have been given w Borrower or Lend�when given as provided in tt+is parag�aph. -. - -=
<br /> 15.Governing Law;Severability. 'Il�is Secnrity Insuu��t �all be governed by federal 1aw and the tnw of the . ..�`�;�"„"``
<br /> �� ' jurisdiaion in whicb the Property is lacated. In the event that any}�mvision or clause of this Security Insu�unent or t�e Note. •, . �
<br /> �' � confltctv wIth applicable law.such waflict shall not affect otha provisions of this S�urity Instrument or the Nota wh3ch can be '�� ,. ' �
<br /> � • • givea effea wlthout the conflicting provision.To this end ihe provisions nf this Security Instrament and the Note are declared w �. � . .
<br /> ,� besevera6ie. � .� .•:� _
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