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��14�7155 �nterest frvm th�da�e af disbursement a��he Note ra�e and sha��b�payabie,wi�h zn�eres�,upon not�ce from L�nder to Borro��r request�ng paymen�. Martgage In�urance. If Lender requ�red mor�gage insurance as a candi�ion �f making the loan secured by�h�s Securi�y�nstrumen�,Borrovver sha��pay�he premzums requir�d�o maintain�he mor�gage insurar�ce in effec�.If,f�r any reasan, �he mortgage insurance co�erage requir�d hy Lender �ap�es or ceases �o be �n effect, Borrov�er shall pay �h� prem�ums required t� ab�a�n �ov�rage subs�antially equiva��n� ta �h� mor�gage insurance previously �n effec�, a� a cos� substantially equival�n� to the cost ta Borrawer of the mor�gage insurance previously in �ffect, from an a��rnat�mar�gage�nsur�r ap�roved hy L�nder. �f subs�an�za��y equzvaXent mor�gage i.nsurance co�erage�s no� ava��a.b1e, B�rrower shal� pay to Lender each mfln�h a sum equal �o flne-�we�fth of�he yearly mortgage insurance�r�mium be�ng pa�d by Barrov�er when the znsurance coverage �apsed or ceased to be in effect. Lender will acc�p�, use and re�a�n fihese paymen�s as a loss reserve in lieu af mor�gage insurance. Loss reserve paymen�s ma� no �anger b� r�quzred, at �he ap�iflr� of Lender, if mor�gage insuran�e cov�rage ��.n. �he amoun� and for th� period tha�Lender requires}prov�ded by an�nsurer approved by Lender agaua.becam�s a�a��able and�s obtained. Borraw�r shal�pay�he prem�ums requ�red to maintain m.ar�gage i.nsurance in effec�, or�o pro�xde a ��ss reser�e, unt�� he r�qu�remen� for mortgage �nsurance ends in accordance with any wrxt�en agreemen� be�ween Borrower and Lend�r ar App�icab�e Law. Inspe�ti�n. Lender or its agent may make reasorzable entrzes upori and inspe��zons af�he Property. L�nder sha�� give Borr�wer no�ice a��he t�me of�r priar ta an inspect�on spec�fying reasanabl�cause for�he inspection. Condemn�t�on. The proceeds of any award or claim for damages, dire�t or cans�qu�ntial, in cannectz�n w��h any �ondemna�ion or��her tak�ng nf any par� af�he Properry, ar for con�eyance in iieu af cond�m�.ation, are hereby assigned and sha��be pa�d�o Lender. �n the e�e�t of a��a��aking af�he Pro��rty, �he proceeds shall be app�ied to �he su.ms secured by �h�s Secur�ty Znstrumen�, whether or n�t �hen due, v��h an� excess pa�d to Borrawer. �n �he event af a par�xa� �aking of�he Proper�y i�.v�h�ch the fair marke�vaiue af�he Proper�y imm�d�ate�y hefore �he �akzng is equal to or greater�han �he am�ur�� of�he sums secured by�his Security �nstrumen� immedia�ely bef�re the �ak�ng, unless Borrawer and Lender a�hex�vise agre��n vvr�ting,the sums secured by th�s Securi�y�nstrument shall be reduced by the amaunt of �he proceeds mu��zp�ied by the f��lowing frac��an: (a�the�otaX amount of�he sums secured immedia�ely before�he tak�ng, divided by �b� �he fair mar�e� �a1ue of�he Praper�y zmmediately before the tal�ing. Any balance shal� be paid�o Borrow�r. Zn the even� of a par�ial �akxng of the Propert� in wh��h �he fair market value of the Propert� immediate�� before th� �aking is iess �han the amaun� of the sums secured �mmedia�ely before�h� tak�ng, unless B�rrower and Lender otherwise agree xn v�ri��ng�r unless App�xcable Law a�herwise prov�des, �he praceeds shall be appiied�o�he sums secur�d by�his Secur�ty Instrum�nt vWhether ar no��he sums are�hen du�. If�he Pr��erty is abandon�d by Barrav�er, ar if, aft�r notice by Lender�o Borr�wer that�he condemnor offers�� make an av�ard ar set�Ie a c�aim for damag�s, Barro�wer fails to r�spond�a Lender within�he minzmum number of days es�a��hed�y App�x�a�Ie Law after the da��he na��ce is given,Lender zs authorized�o coll�c�and app�y the proceeds, at zts op�ron, e��her to res�oration or repair of�he Pr�perty or �a the sums secured by �his Securxty �nstrumen�,whether or not then due. Unless Lender and B�rrawer o�herv�ise agree in v�r��zng, any applica�ion of proc�eds�o pr�n�xpal sha��no��x�erid ar pos�pane the due date of�he payments referred �o zn the sec��on �i�led Payment of Princ�pal and Intere5t; Prepaym�nt and Late�harge�or change the am�unt of such paymen�s. Borrower Nat Released; Far�earance By Lender No� a '�Va��er. Ext�ns�an of �he tim� far paym.en� ar modifca��n �f amor�iza�ian of�he sums secured by thxs Securz�y Instrument gran�ed by Lender�o B�rr�wer or an� suc�e�ssar in interest of Borrflwer sha�l n�� operate �o release �he Iiab��ity of the orig�nal Borrower or Borrower's successors in in�erest. Lender sha��n�t be required�o�ommence pro�eedings against any succe�sor in xnteres�or refus�ro extend�ime f�r payrnen�or otherwise modzfy amor�iza�ion of the sums secured by�his Securi�y �ns�rumen� b� reason of any dem.and made by the origina� Borrower or Borrov�er's successors in in��res�. Any farbearan�e hy Lender �n e�erc�sing any r�gh�or remedy shall not be a wa��er af�r preclude the exercise of any r�gh�or remedy. Successars and Assigns Bound; Joint and Several L�ability; Accommadation Signers. The co�enants and agreemen�s of�his Security �nstrumen�shal�bznd and ben�f��he su�cessors and ass�gns of Lender and Borrvwer, su�ject �a the pro�is�ons of s�c�ion �i��ed Transfer of the Property ar a Ben�ficial Interest xn Borrower. Barrovv�r's co�enan�s and agreements shall be join�and se�eral.Any person who co-signs�his Security Instrument bu� does nat execu�e th� No�e �"Accommodation 5zgner"�: �a} is �v-s�gnixa.g this Se�uri�y �nstrument on�y ta mar�gage, grant and convey tha�Accammodatxon Signer's �n�erest in the Pr�perty under the terms af�he Securi�y Instrumerrt; �b� is no�persona�ly obligat�d�o pay�he sums secured by�his Secur�ty Instrument; and�c} agrees�ha� Lender and any o�her Borrovwer may agree to e�tend,mtidify,forbear ar mak�any ac�ommodatians w�th regard�a �h��erms of this Secur�ty�r�strument or�he Nate v�i�hou�tha�Acc�mmodation 5igner's consen�. Loan Charges. �f the loan secured by �his 5ecurity �nstrumen� is sub�ec� �o a �aw wh�ch se�s ma�imum Ioan charges, �.nd�hat�a�is f�nally�n�erpreted so�ha�the xnteres�or a�her loan charges call�cted or��e�allected�n connectio�. with �he loan exceed the permit�ed Ii.m��s, th�n: �a) any such Ioan charge shal� be r�duced by �he amoun�necessary to reduce the charge�o�he permi�ted Iimi�s and�b} an� sums already�o�lected from Barrower vvhich ex�,eed�d permi�ted l�mi�s vwill be refunded �a Barr�wer. Lender may choose to make �h�s refund �by reducing �h� prin�ipal ovved under the No�e ar by making a direc� payment to S�rrower. �f a refund redu�es pr�ncipa�,the reduc�ion will�e trea�ed as a par�ia�prepayment wz�hout any prepayment charge under�he N�te. B 2a44w2414��3mpliance Systems,Znc.4958-0563-2413L2.3.�.8�3 Cvnsumer Real Estate-Security Fr�strument DL203d Page 3 of 5 www.compliancesystems.cam