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<br /> 90«-° 1 �2049
<br /> � �i L��der nKWirod mo�rtp�e ipwnpoa s'�candition of maicins the ban aocure3 bx tAii Socurity Imtrument,
<br /> 8orm�rer sh�il p�y the premly�tu,r�qMj�ed ta�aintdn the insuunoe io eA'ect until such timc u the requiren�ent for the
<br /> in�ur�a tcrnriinaYa ia+�ocv�d�x-�ilh-jiAt�[oMter'3 and Le�sder's�rritten asneemrnt ar�ppticabk ta�v.
<br /> _� i�eY�. Lendn'a'its�eet nity m�lce re�ona3�k entrks upon and inspoctions of the Praperty. l.tnder
<br /> ` sb�U pve Borrow��1ics at the tiu�e ofrx prior toan inspectk�spec�fjrin�rxs:onabk cau�E'or tIx inspecticm.
<br /> !. Carl�to�. '!'he proceeds of�ny aMar+d or ctaim far tl�ms6es.direct ar conscquenti�i. in conneeticm with
<br /> � attY wadat�nst�an or other ldcin� of'any part oi'the Froperty, or for con�eyu�ce in lieu of condemn�ti�n,ase hereby
<br /> a�ip�ed�nd s�U be p�id to l.ende�.
<br /> I�1l�e evdnt of a total takin j nf the Praperty,the praoeeds shall be applied ta the sums secured by this Socu�ity
<br /> ia�r�a�t. whetbet a avt the»due.�►rith any acoa�p�id to Borrower. In the event of a putial t�lcin�of tTe Property�
<br /> unle�Homow'er sr�d I,ender otbe�'�►ise Kree in�rritin�,the sunzs secured by thi�Security Instrumrnt shill be reduced by
<br /> tbe aw�wnt of tbe prooeeds mulNplied by the followini frsction;(�)tl�e totd�mount of the sums securod immediately
<br /> ' bel�ae tbe takin�.dlvided b�r(b)the tair muket value of the property immediately beforc the taking.Any bsUn�e shall be
<br /> p�id to Borroxsr.
<br /> If the Pt+o�erty i:�b�ncJoned by BorroMer,or if, alter notice by I,ender to Honower that the condernnor oAers to
<br /> , malce an aMard or settk s claim for dan�ea��orrorrar fsils to respond to I.�nder within 30 days�tet the date the natice i� -
<br /> ' pven.Lender is tuthosized to colket and spply the proceeds.at its option,either ta ratoration or rep�ir of the Propetty or
<br /> to tlk wms seeurod by thu Security Instrnment,whether or n�ot chen due,
<br /> � Unlas Lender and porroxer otherw�qe s�ra in w►ridn�,sny application of'proceed�to principal shalt not eatend or •
<br /> po�tpone the due d�te of the monthly payments referrod to ita p�ra�ap6s 1�ad 2 or change the amount of such paymenta,
<br /> 10. �row� Not Rt{ere� Foe�e�r�By I,eere� Not • Wdrsr. Eatrnsion of thc time for pa,yment or
<br /> modiAcation of�wrtiration of the sums xcured by thia Securisy Instrument grinted by Lender to any succesaor in
<br /> interat of Horrwver sha11 not operate to releae the liabiiity of'the original Borrower or 8orrowrr's succ;essors in intercst.
<br /> L,ender s1�a11 rwt be required to c�mmence procoedinas�ainst any successor in interat or refux to cxtend time for
<br /> p�ymrnt or otherwiRe mudify unortization of the sums secured by this Security lnstrument by reason of any demand made
<br /> by t}x o�inal Horrow�er or 8orrower's auecacsors in interat. Any forbeuana by Lender in exercising any right or remedy
<br /> sha11 not be a�v�iver of or preciude the exercise of�ny ri�ht or remedy. � `
<br /> 11• S�c�on fa�/ AMips HoN�Jdst u�d Settral I3aliUty;Co�l�en. The covenants and agreements of '
<br /> this Security Imtrument shtll bind and beneSt the successon suid assisns of I.�nder snd Berrower.subject to the provisio�s i
<br /> of p�ra�raph 17.8orro�er•s covsn�nts and igreements shall be joint and several.Any Harrower who co-signs this Security .
<br /> Iratrument b+�t doea not eaecute the Note:(a)is casigning this Sccurity Instrument only ta mortgage. g��nt and convey ; ;F�.
<br /> ibat Eon+uw�er 9 inieresi in ine Fnoperty under the tertns af this Securiiy Instru�nrnt;(3}iy uv�porsunaiiy obiig�tted to pay :-
<br /> the wms�acuned 6y thi�Security instrument;and(c)aarxs that I,endet and any other 6onower msy�gra to extend, �
<br /> moditj►.furbear or malce any�ccommodations Mith rc�ud to the terms of thi�Security Instrument Qr the 3�lnte�rithnut =
<br /> — _ iiiai$orro�vefa W�ent. -
<br /> 12. i�Ci�. If the losn secured by this Security Instrument is subject to a law which sets maaimum loan �
<br /> � charjes, and t}ut lra is finally interpreted so that the interese or ott�er loan charges collected or ta be wllectod in �
<br /> eonnection �-itb the lcam racced the permitted limits, then: (a) :u�} such loan charge shall be roduced b} the amouat �a.�
<br /> • t�oc�aury to reduoe the charse tc�the pennittod limit;and(b)any snms alrady colkcted�'rom Bcynower which excoedod
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<br /> ptrmittad limit�wi11 be refunded to Horro�ver. Lender may chc�se to rnxke this refund by reducing tl�e princip�!awtd
<br /> under the Note or by making a diroce payment to Horrower.If a refund red�ces principal,the reduction will be truted as a
<br /> partial prep;yment w�ithout any prcpayment ch::ge undes the Nate.
<br /> 13. L�tlo� AAecfIK I,ewder+s Rt�Yd. If enactment or expiration of applicabte Iaws hu the effect of
<br /> _ renderin�any provisian of the Note or this Security Instrumrnt uieenforceable according to its terms,Lender. at its option, •
<br /> msy require immodi�te p�yment in full oP all sums secured by this Secur�ty Instrumen! and may invoke any remedies
<br /> permitted by psr��raph 19.If Ltnder eaercixs this option.Lender shall take the steps spCCified in the sccond paragraph oF ��
<br /> puaSnPh IT_ :��:
<br /> 14. Notkes. Any notice to Barrower Provided far in tlus Security Instrumcnt sh�P�e given by sielivering�t or by
<br /> mailina it by first class msil unless appl'seable!aw requires use af anather method. Thc not�ce shall be dirocted to the
<br /> Pooperty Address or any othe�addrcss Bonower designata by nutice to l.ec�dtr.Any notice to Lrndcr shatl be g�ven by
<br /> t[rat cltss mail to Lender's address stated herein or any other eeddress Lendcr des�gnata by riotice to i3orrower.Any notice
<br /> providod for ia this Security tn�trument sha11 be deemed to have been given to Horrower or Lender when giren as provided
<br /> in this psragraph,
<br /> 1s• Go*erd�Law; Se�etability. This Security ]nstrument shall be governai by federal !aw and the law of the
<br /> jurisdiction in which the Property is ic�cated.In the event that any provision or clause of this Serunty[nstrument or the
<br /> Note canRicts with applicable I�w,sucl�axnflict sha(1�ot a(frct other provis�ons of this Security Instrument or the Note
<br /> which e�n be aivrn ef}'ect�vithout the cem8ictina pcovision.Ta th�s rnd the provisions oP this Security irtsttument and the
<br /> Nou are dechred to be severabk.
<br /> . t6. �+refs Cesg�r. Borssswrrslta!!bz given i,�e�;i,nfc�t�nni cupy uf thc i:ote and of[his Stcunty instrument.
<br /> 17. Tra�der of tYe pro'erty or� 8��� ]�l�y! in Borrower. If all ar any part af the Property or any
<br /> ir�te.rest in it ea sold or transfrtnd(or if a beneGcial intcrest in Borrower is sofd or transferrtd and Horrower is not a natural
<br /> ' peraon)Mithout Lereder's prior writtrn consmt,Lender may,at its opt�Gn, require�mmediate payment �n fult of all sums
<br /> secured by this Stcutity Instrur�ent. Howrver, this option shaU not br cxcrciscd by Lendcr d exercise iv prohib�ted by - =-__
<br /> federallawasofthedateoflhisSecurity instrument. �
<br /> If Y.ender oxercisas this option. L.ender shal) give[ionower natice of:�;;eletation.The notrce shall prov�de a period
<br /> of not lesc than 30days from thedatc the notia is dclivered or mailed wiihin wh�ch Borrower must pay af! sums`ecurcd by �
<br /> this Security insWment.If Borrvwer fails ta pay these sums prior to the capiral�on uf this pericxl, Lencier may in�•oke any
<br /> remedies permitted by this Se,cunty Instrument without further noticeor demand on �3orrnK�er. '
<br /> 1a.8orrowet'a Rf�Yt to Retestate. If Borrower m.ats urtain cand�tions,Bor��wer shal! hatic 2hc rrght ta�:a�e ��
<br /> enforcement of this Secunty instrument discominued at any time prior ta ahe rarlier af�ta)5 day�(ur sur�oth er pericxt a5
<br /> � appGeable law mwy speeify i'vr reinstatementa befoce s�le of Ihe Property pu�suan!tn uny �+c,w�er c�f sele�_unta�ned m th�s
<br /> 5rcuriry Instrummt;or(b)entry of a}udgmrnt enfiircing this Secmnty I�»trumem fhasc rutediturn�ere that Einrrower
<br /> (a) pays Lender all sums wht�h theo w•ouId be clur under�t�ss Secunty Instrument and the �i<�te had nn:srceleratu�r� ti
<br /> e�ccurred; (b) cures any default of any nther coveRants rer agrcements: �c) payti a11 c�prnscs u�,.urred �n en�'��rrie�g th�ti �
<br /> Secunty Instrument, in�luding,but not Itm9ted to, reasonable Httorney5' fee�, and �d►taketi tiuch �rt�on a�t cnder rita� � ,.:
<br /> reasonably reyu�re t� ussurc that the lien of thi, Secunty Instrument, [.endcr'ti n�h�ti �n thr I�n�perty and Hurruwcr'�
<br /> obltgahon to p�y the SUI7i5 secutCd hy Ih:s Secunty Instrut-nent ch:�ii cemUnue un�hai�g�^� (:�xm reirnt;itement hy
<br /> - - -- �r-c::et,;:�s>�.:;ur¢y ir�>ttumc���un�3 ific nhi�gations sec-urecf heretvy�h;�U rem,sin f ully cffcc���c���f n��.i�cclrrat��m had
<br /> _ �KCUrred. Hvwe.er,thiti nght t+�re�nttat��hvil nnt apply ur the c�ase nf�A�celer�tum w�der raragr,�ph. 1���r !�
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