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<br /> � - � � � � : � � ` � � �� 40-.-1�3i�s � �� . � . � �
<br /> �` If I,eoder aequired nwna,s�e insvr�ace as a condition of maki�g the!wn sattrM by this Secusity Instrui�rnt. � `' �
<br /> ; i: � 8orrn�ver,shsll p�y thr premiums rtquired to a�aintain tht instusacs in e�'ect until such t�mt as ttie r�uiremmt tor tbe. � -.- `- -- - .- .-_
<br /> utsurance tesminata in acco[danct�vith Ba�row1er's and Lender's�vrittrn a jreemept a appticable b�r. . � . , �
<br /> ; . _. I�ectio�. i,ender or its a�mt may m�aice reasorubk�tris upon and iaspertio�is of t6r Property. Lendec ` .
<br /> ' sh�lt pvr 8orm+ver notke at the time afor prior to aa mspection specifying tason�bte cause for the inspection. . � `
<br /> ; . 9. C•ai�ipw�.` The proaeeas af anY a�ranl af cGqm for damages.dincE or comequatwl,in c�nneaioe writh •
<br /> : � . any caKkmnation or olher tskina ot any p�rt�of ihe Praperty.ar for conveyu�ce in lieu�f condemnYtion,ur hereby � . � ` >
<br /> ' . mip�ed and shali be paid co Lender. . , . . . .
<br /> ; ` In dse evrnt of a tatal talcin6 of the Praperty.ttie procec�ds s6att be spptied co st�e sums s,�care�by this Sa�uity . `
<br /> � Instrummt,whetiter or noe then�du�with any eacas paid to Borrower.In the event oF�paRiaf talcing of tlje Froperty.
<br /> � unkss Borrawer and Leqder othenri�aare=in�vriting.the sums secure�d by thzs 5ecurity instrument shall bt reduced by � '
<br /> , . tlie ateount o�'the pro�eeeds maltiplied by the following fracrion:(a)the totat amQUnt of the sums secured iramadi�iely. �
<br /> - . [xfare ttit taicina;divided by @)the fair mui[et vatue of the Property immediatei�i befon the taking.�►ny�6�Iaace sha11!x `
<br /> .pRid to Borro�ver. � �
<br /> , If the Properfy is abandonod hy Borrower.or iP.atittrr notice by L.sndcr to Barrower that the condemnor offeis fo �
<br /> : 'etalce an�wud or s�ettie a ctaim for damages,Sonowa faits to respond to Lmder within 30 days after tbe date the notice is , �
<br /> � , �''ixm,Isenckr is aathorized to collect and apply the procoeds.at its optioa.,�[3$er tu ratoration ar repair of the Property or � .
<br /> � � to the sums secured by this Security Instrumart,�thether or not then due. `� �_ •
<br /> • � Untess I,ender and 8onower othenvise agree in writing,any applieation of pracceds to principal shall not eatend ot �
<br /> postpone the due date otthe moathly paymeats referred to in parag�aphs 1 and 2 or changr the amount of such�►yments. '
<br /> , IQ Borrawer Not•Reta�rei; Far6aneoe,By Lelyder Not�Wal�er. Eatension of the:,�ne for paymeat ar
<br /> modi6cation of amartiuEion of the sums secured by this Security Instrument granted by Lender,rd any successor iq �
<br /> interat af Borrowu shsll not operste to retease the liability of tha original Bonower or Borrnwer'�saccessnis_in interes�_.
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<br /> — I.en@cr�ha!!-not-ba uquised to eommertce proceediags against any successar in interesti or.refase to eatend time for . '
<br /> payment or otherwise mod�ify amonization of the sums secured by this Security Inst�umt�t by reason aPaey demand made
<br /> ` by the original Bosrawer ur Borrower•s successors in interest.�tny forbearan.�by Lender in exercisirr�any right or remedy `
<br /> s6a11 not be s�waiver of or preclude the excrcise of any right or remedy. - �
<br /> � 11. Sacce�o�s�d Asd�Boued;Joist and Several LiabiUty;C.�s�gntrs. The covena�a;s and agramenis af ' �
<br /> this Sxuritg Gastru�rient�hall bind an�benetIt the successors and assigns of l.ender and Bcrrower,sub,tect to the�a�isions � � �
<br /> of puagri�.&;�"/��Bonawe�'s covenant��t agtamet�ts shafl b,eq�int and severati.Any Bcs�cswer who co-signs this Security
<br /> ���-_. � �zrteitt�t�does not eaecute the I�it�co:(a)is s�-signing this 5ecucity Instrumrnt onyy to mortgage,grant and convey '
<br /> �th�s�arrbwer's interest in the Property under she c�rms of this Security�astrument;(b)is not personaUy obligated ta pay ' � •�
<br /> �ti.-.
<br /> -- ��uras�uceci dy tf»s�rrity Instriiment;and{c)agrees t6at i�cder and any othes Borrower may agree m e�terr�, -=,,
<br /> iitadify.forbear or make stny accummodations with regard to the terms af thi�Security Instrument ur the Note without `�'
<br /> that Borrowtr's consent. .- . '
<br /> 12. Lae C6arRea. If the loan secuad by this Security Insirument is subject to a law which sets maaimum Ioan '�
<br /> ; charges, and that law is �na11y interpreted so that the interest or other toan charges coltected ar to be coltected in �
<br /> cannettion with the toare exceed the permitted limits, then: (e)any surh,Ge�an ch�rge shall be reduced by the 3mount
<br /> '� neassAty to reduce the charge to the permitted limit:and(b)any sums atr�y r,ollected i'rom Borrower which exceeded -
<br /> petmittod lisetiss will�be refunded to Bc�rrower. Lender may ci���ase to malce this refund�:y reducing the prin��:.4 awed
<br /> .ander the Naf�br by making a direct�ayment to Borrower.If a refand redu�s principa:..:7e reduction will be treated as a
<br /> � � panial prepaymecrt withaus any prepayment charge under thr Note. .: '-
<br /> ; l3 Le�istatio� d1R�ettng Leeder's Rights. Ii enactment or expirat'son of applicabte[�,�5�has the eflect of � ''
<br /> ; rendering any provision o9"the Note�r this Security lnstrumrnt unenforceable according ta its tetm�..�.,ender.at ix�option. .
<br /> , may require immediate.payment in!'ui)of all sums secured by this Security Instrumerss and may invoke aay remedies �
<br /> � . ���ap by p�ragraph 19.�f Lenderer.ercises this option,I.endes sha0lake the steps s��rxfied in the sei:ond parag�aph of . r
<br /> . ; 14. Notkes. An�rotice to Borrower provided for in�his Security Ir.strument chall be given t�y delivering it or by .�.,:�
<br /> � mailing it by flrst ciass czc:.:�unless a�plicable law requires use of another methud. The n�ticc shull be directed to the
<br /> , Ptoperty Address or a.ti}cti�er rsddr�lDorrower designates(�y rviice to Lender.Any nc:ice to l.ender shall be given by '.
<br /> ; ffrst class mail to i ender's address sta��v1 huein or any other a�3ress l.ettder designates'�y notice to Borrower.Any notice
<br /> ! provided for it�this Securi.ty Instrumeni shall be deemcd to have been given Eo Borrawer or l.ender w�:c�given as provided �
<br /> ir�ehis paragrsph.
<br /> � ' 15. Gorernta�I�w;Se�er�blltty. This�ccurity instrument shall fie governed by fcaeral S:��:and the law af the
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<br /> )unsdictivn in which the Praperty is tc�rated.In the event that any provisinn or elause;�f ch�is 5e�;uiity�Instrument�ar the
<br /> Note evntlicts with appliea6le law,s�cP�eonflict shall noi affect other provisions of this�erurity lnstrument or�he Note
<br /> which can be givrn effecl without the conflicting prpvision.To tnis end the provisions of thisSecurity lastrument and the �
<br /> �tvtearedeclared to be seve�able.
<br /> ' 16. Borro�rer's Copy. Borrower shall be given one conforrned ca�y of the:�atc�nd of this Security lnstrument.
<br /> , f7. Tiynsfer ol the Property or a BeeeScisl Interese in Borrower.. if all or any patt of thc Pr�periy ar any '
<br /> � intetest in it is sold or transi'erred(or if a beneficial interest in Borrower is sold�r transferred and 8orrowcr is not a natur�l �
<br /> person)withaut Lender's prior written cansent,i.ender may.at its�ptior�,reyuitr immediate payment in fuil af all sums
<br /> secured by this Security instrument. Nowever,this optian shall not he exercised b�• �.etider if exerase is prohibited by
<br /> fedtral law as o[the date oPthis Security Instrument.
<br /> � If�,ender exercises this option,i.ender shaU give Borrawer notice a�f ac�eleratinn.The n�tice shall pravide a periad �
<br /> • of not less than 30days from the date the notice is delivered or mailed with�n which Bdrrower must pey alt sums secured by
<br /> this Security Instrument.If Borrower fails to pay these sums priar to the expiration of this period,l.ender may inve�ke any
<br /> __ .. am�{ts�aitt�t�yihigSxtuetylt�tsem�etuithaut€uritH:�nat;reardernand�snti6rr�wer. - . . �
<br /> 19.Barrower'a pig�t to Retnstste. lf Borr�wer meets certain condi�i�ms,i��rrower shall have the right tn have '
<br /> enforcement afithis Security Instrnment discantinued at an�•time priot to the earlier af(�)S�days(or such c�ther peri�xi a� �
<br /> applicable law may speCii'y fot reinstatement)befiire sale of the Propeny pursuant to an}prnver�t's;�le conta�ned in ehis
<br /> 5ecurity I�sttument;or @)entry of a judgment enforcing this 5ecurity Instrument'!'hnsc ronditions are that�arrowcr: �
<br /> (a)pays Lendet all sums which then wauld be dne under this Seeurity Instrutnent end the 1�ote had no acreletatiun �
<br /> occurred;(b) cures any default af any olher covenants or agreemenls; (�)pays all expenses incurred in enfi�rring thtc F`
<br /> , Security instraroent,inrluding,but nn! limited to, reasonable�Itr�rncys' fees:and(d)takcs such acttem as l.c�tder m;�t �
<br /> _ _ reasanab{y teq�i�t to assure.that-the liea of this Srcusity lastrument. Lender s right5 in the 1'ru�rcr�y arrd H�srrcncer s � f
<br /> eDtigation to pay the sums secured by this Serur�ty instrument shall continue unrhanged. llpon'rrir�titatc�nrnt by �, •-
<br /> 8ortvwer,this 5ecurily lnstrument�hd the obligatit>ns secuted heteby shall remain fully elTecli�e av if na aeecleration had •
<br /> oceurred.However,this nght tateinstate shaU rtut�ppty in the case oPacceler�tion uhdet paeagr�phc 13 i�r 17 '
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