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<br /> � . � < � I�Lendee'irequired tnortp=e insut�tnce a�a condition ag maLing the loan secu�ed�by t'!us SECnrity Instcumet�t, , � . '
<br /> ` AorruMer ah�W pay the praniums,raquired to tnaintain the insii�c�in effcct until such tune as tke requirtmen�for the � ` �
<br /> ins i
<br /> � � insurance cern�iaata ia�socardsrke�vitD Borrrnrer's and I�ender•s written..agreemeat or ippficable Is�r. �
<br /> _ _
<br /> ;, . ,_ • _ _ ,t. �I�ectia�,. I.ender ar.it4 a�+ent may a�aice feasanittk entries upon and in3gecdoas oC tvs Ftoperty.I.endsr
<br /> • siaii�ive 8ote+o�w!tt na�tlt�e�t tiie rime of or priar to at�inspection specif}�ing reasonabtecause for�he inspection. " -
<br /> : . !: �.:'ihe Qraceeds of any a�►ard or claim foi dsmages,dir�eet or consequentua,in cotfnectioa with .
<br /> . agy.`000c{eandttibn aE ot1�a takinj of any p�rt of the Property.ar for conveyanse in dieu of condemnatian. are bereby
<br /> _ +�ty�d�+dti�lltisp��ot,eiider. . ' .
<br /> � , , 3a tl�e avmt of a total tddn�af the Prapercy,the pr�ceads shall be�appHed to the sums secures�d by this Securiry � ,
<br /> .. - . I�G wrlktl�er or not thea du�writh wy exc;as paid to Horro�ver.In the evencof s putisl talcina of the Property. � ,
<br /> --._. --- ----�--!asskss�s�+rsr�d I.�eskt s�tl:erz�t�x ist::ret9r.�.th��sts sec�sr�3 6y tbis S�urisy t�ru�s:sit at�tl j�txda�!!ag . ; .
<br /> . tbe am�wii of tbe proceeds muttiplied by the folla�viag fractian:(a)the total a�ounc of t6e sums secured immediatety � . ',
<br /> , _. � bdorc the taicinj,divide�by(!�)tbe fair muket vatue of the Piaperty immodiatety 4xfore the taking.Any batina shsll ba
<br /> � paidtoBamaer. - � . , . .
<br /> tt the PropMy is abandoned by 8orro�ver,or if,a�er noticc by Lender to Bonowu that the cundemnor offers ta �
<br /> m�tce au s�rud ot settk x cWm for damsges.Baaower fails w r�spond to I�ender within 30 days sfter the dste the natice is �
<br /> : . �6iven.Leeder is autifosv.ed w collcct anQ agpiy the proceeds,at iu optioi�,eitber to restoration or repair of the Property or , �
<br /> • � � to the watrs setured by this So�urity Insttummt,whtther or noi then due. �
<br /> • . . . . . U�SS Lendrr and Barrmver other�vise sgree in�vritinB,�F BPP��tian of�raceeds to principal shali nat eateaid ar ,.
<br /> , pa�tpone the due dste of the monthly psymeats refbared to ia pamgraphs 1 aad 2 ar cl�ange the smount of such paymenu. `
<br /> ' " 14 Borrowa 1Not•Rele�; For�ara�oe By I�ender Not s W�trer. Estension of the time for payment or �
<br /> modi�cstion of amortiu�ion of the snsss sacured by ihis Security Instrumcnt granted by Lender to any succe.ssor in
<br /> , E intaat of Bormwer sball not oFer�te ta sekase the Gability of the origin�i Bcfnower or Harrowtr's succasors in iaterest. .
<br /> � .Lenckr sha11 not be requirod to cammence procoadings against any successor in interest or afuse to eatend time for
<br /> ' psyment ar othenvise modify amaiti�grion of the sums sec�red by this Sorurity dnstrument by reasan of any demand made
<br /> by the arigins�Borsower or Borrower's successors in interest.Any forbearance by Lender in eaercising any right or remedy
<br /> . . ' shall not be a waiver of or preclude the eaercise of any right or re�cdy.
<br /> . 11. �oc�wo�s a�i Awips Boped;Joint aad 5e�eral IdsbWty;Co-si�ers. 'i'he covenants snd agraments of
<br /> tlue Security Instrument shall bind and beneflt the successors and assigas of i.ender and Bo►rower.sobject to th�provisions . .
<br /> , of parsgnph 17.Horrnwet's covenants and agteements sha[16e jaint and several.Any Bonov�er wha casigns this Security ,
<br /> � • Instrument but das not eticecute the!�icste:(a)is casig�ring this Security Instrument only to mortgage,grant and convey
<br /> that Borrower's intere5t in the Propenv a�nder the tertns of this Security lnstrument;lb)is not personally obligated to pay : .
<br /> ' tlee sums saured by this Socurity Instrnment;and(c)agrees tt�.at L.ender an0 any other Bonawer may agrea to extend, ,
<br /> tt�dify,forbesr or mske a.*sy accommodations with regard to the terms af this�unty Instrument or the Narie withomt ,-"�` '�
<br /> a.hatBorrower'sconsent. , ._
<br /> ; l2. Lou C�ar�es. lf the toan secured by this Securit� �nstrument is subject co a law which sets maaimum loar► � '
<br /> ' �hu6a, assd tt�st ls+v is finslly interpretai so that the inter�rt or other l�an charges collected or ta be caltected in � ,
<br /> ' connxtion Nith the loan eaceed Ihe permitted{innits,then: (e1 any such loa�n charge shall be rcduced by the amount � _
<br />. aecessary to teduce the sfsarge to the permitted limit;and(b)any sums niteady collected frorn Barrawsr which exceeded
<br /> � pemtitted timits will be�efr�ndod to Barrower. Lender may chaast ta makc thts refund by reducing the principal owed `
<br /> undt�thq Note or 6y making a direct p3yment to Bc�rrower.If a refunci reduces pr�neipai,the reduotion wilt be trtateA as a � ' ;�
<br /> pattisl ptepaymsnt without any prepay�rnent charge under Ihe tic•te.
<br /> . 13. I.e�tlatto� ARectini Lender•s IiEg6ts. if enact:rttnt or eaptration af applicable laws has the effut of
<br /> rcndcring�ny provisian of the Note or th�s 5ccunty�lnstrument unenforce:ible accord�ng to its term�,Lender,at its oplion.
<br /> may.roquire immediate payment in full of al) sums stcured by ihis Serun�y lnstrument gnd may tnc�kt any remedies �'
<br /> permittad by patigraph 19.lf Lender eaercises this optinn.Lez�'e�shall tAke the steps 4pec�fied�n the second paragra�h of
<br /> paragraph t�.
<br /> 1�. Notkes. Any notice to Borrower pravided for�n g►.±:s 5ecunty In�trumenl�haQ f�e given by del�venng:•i or by
<br /> , m�ilin�it by first elsss cn.iil unless applicable ta� :�equire.s u�e of an�ther mcthad. Thc noY�ce shall bt directcd to the ; �
<br /> Property Address or any cther address Horr�wer des�gnates by notire tc►Lcndcr. Any notice to Ixnder shall bc given by .W.
<br /> ' flrst class mai)to Lendtr's address stated herein or any other uddress Lender designatcs hy n�iice tn Borrawer. Any nutice �
<br /> ' pravided for in this Security lnstrut�sent shall be deemed to ha�e been g►vcn tcs Nvtt��wct nr IRndcr when g�ven as ptnvidod
<br /> ; �n ihis puagraph. � �
<br /> 1S. Cr�erUK L�tw;Se�enbltity. This S�;utity Instrument shall tx governc� hy federal law and the law of the
<br /> �utisdiction in which tAe Property is lucated. In the evmt that any pruv�sic+ri ar clause c�f this Srcunty �n5trument or the
<br /> Nfltt conHiets with�ppiicable law,such conflict shait not affect ather pr�v��ionc of th►�fiecunty inctrument��r the �liote
<br /> . .. _ . _ ._. . _..._. . . .. -------._....-�---._..... . . . .
<br /> which ran be gtvtn ctfect with�ut the cantlictmg prnv�si�n 7'��tt��ti end the�re�a�su�r�s of th�s 5tcur�ty Instrumeot�nd the
<br /> Note are declared to be seyerable.
<br /> 16. Borro�rer•a Cooy. Huuower shall be Riven vne cc►nfbrmed cnpy nf the Nute�and��f�in�ti 5ecunty imttument
<br />, 1T. Tnnsfer o[tbt Pro�erty or a Beneficirl laterest in Burruwer. If�,if ur <iny �+art of thc Propetty or any
<br /> � �nte�est in it is sold csr transfened(�r if a benefic�al�nterest��Hc�rruwer►��c�lci or transferred and Aorrower��nc�t a naturat
<br /> person)without l.ender's pnor r�tttten ronsent, i..cnder may,at �ts c�punn,rcywre�mrned���te paynrent m fult af all sums ,
<br /> steuted by this Secunty lnstrument. Howe�er. �h�s e�ptrc�n shall n�t be e+�erc►�ed hy i.en�er �f e�erc�se i�prc►hib�ted by
<br /> , � fet}craffaw�xr�ft�edattafRhisSeeuntginstrument
<br /> � li I,ender eatrcises thts��ptian.L,cnder shali g�ve�orrower nut�..:ut:�E•celetat►urs. "i he nvticr shal}��ruride a��e�iad =_
<br /> nf not►ess than 3Udays!'ram tht date Ihe noticc�s del�vered cit rnU�lcd�:thnr«hr.l►H��rac,«er r.�utit pay all�t�ms secured by '
<br /> 6�:15�:CL't::`J'S:1SZT11lS1L'ltt. i�g^v��i2::�!�.°.l�.�.1l!�-3�lt:�..�iL':5::�!!'-se t�.t}��ge�`!!:;::f"..`�S�:!:�«!':G.."���.�SS.��f t!IifY i!lYts4n�;l��
<br /> remediespermitted'by this5ecur+ty Jnstrutnent wdhout furlher r,��t�ce:�r eten��nd t�+f fincrower ,
<br /> 18.Bortawt�'s 8i�t to Rtin�tate. If EluriuNer n�eets cetta��i c��r;du�un5, bvrr��we� tihall F�aoe thc np,ht te:have �
<br /> .. . e[I�al'CCIi[�t O���iITItV�tr5fTllrrsrni�tscvtritpucTi ai artC iif�rc triitn i�•:#rc rtT isr:�*f :ai-`•va►s�*.i iiti.:E�i�iE��tiiii:R�o+ _
<br /> appl�caAlr iaw m�}•sper�iy fur re►nstaec�nen�i befare�ai� nE rhe Yrop�r��, �ursu,a� :c�3nr puoier a�f 5ale t.lmta�ricvJ c�� this
<br /> 5ecur��y Ins�rument,or(b)entry oF.�s ju�l�ment enfe�ti:�nF tlus�rcurrty Ix�,trutnrn� 'il�r.�e�c,t�duiuncare that Nnrrvwet �
<br /> � � (a►pa4s L.ender ai{ 5um�KMch then wc�ul� h��iue uudrr �h�, 5e��ur:t� I����suu�es�r H�,�f�t�e ���re had nr atcelerat�vu
<br /> excutted, tb►cures any default af c�ny other r��.e�3nts uc ayreemerrt� Fi:} �7;fji ;If� CA�"L'xl}Ci er,�urreei in erffe;rcm� thi�
<br /> 5ecurny ins�rwnent. �ntiud►ng.but nuc i�m�ted to. teaavnabic a�t��rTie,� fc�ti, ar��3 �eSi c<<t��:• ��t:t� a:cinn a� I.endrr rna.r• �..
<br /> rtas�nably reyui►e tn as�u►e that the {�er� c�f this Sc.urity tr.ssrurr+r��F. f cr,:�er`� rs�ht, �u t6�c i'r�:,�rt} and t3nrrc+;�et'� ���
<br /> � t�bisg3ti[�n tv �ja4 �he �um5• seoute�i t�y siu> �ECltFlt� IY34'ttl![iT�_IIE SF13II L'vI?IIIFIC 11t�t���n�:e:� F'��..:, re.��stat��ner�t hy ,
<br /> y { . ��r
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