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<br /> ' insu�ce coverage(ia the amowet and for the periad "�':;�- t „�' 4,
<br /> �' 'r�._.<. ..-:-. `.` � a no loaga be mquired.at the option of Lender.if mortgage �enfrof�,]�,��� ,._
<br /> ; = mve�by i,ender again becomes ava�able and is obtained.BO��v�w�W711� ' Ft� z .
<br /> �` � -� �� that Leuder r�n�)P��by an msarer aPP " `: -
<br /> for mortgage `r:'
<br /> ' � ` in or to mvi+de a loss ieserve,until the reqaitement --
<br /> e insnrautc effeM. P
<br /> { ' � �p�mi�s r�aed to mamtaia��a�eut brtween Bomower and I.ender or applisa�te law. `
<br /> s � �.
<br /> _ ; u+ �.'r:r: insu�nce e�ds in avco�daace ��scaable�ries upon and inspections of the Pmpeny. Lender shali give � f� .;:
<br /> 9.�ec@nn.Leadec or its agent maY •.� •
<br /> teasonable cause far the inspection. � - < °:;r;.
<br /> a . ``-. .t ` Bozrower notice at the tune of ar prlor to an inspedion specifying : ,
<br /> 10.Condemnatton. 1Ue pmceeds of aay award or�ctaim�D�g���of candemnatioa,an heiebY aa�aaigno�l and � •.t t`
<br /> —:�:� :` . '�.. oondemnation or ather tatang of auy part of the Prope�t.y, eY� 1 � � } F_
<br /> ��:�-
<br /> � '` • shall be paid w I.ender- �ai � � -
<br /> ` �--" Ia the event of a u:tal taking of the PmpertY.the proce�s shali be apglied ta the sums se(ured by this Security iastniment, -� ' -�µ-
<br /> � .; �:^ � . m which the fair � ` ` �
<br /> �_; „a.w�� ..: � , �.�
<br /> �; � ��-� ...�._.��f: � whether or not then due, with any excess paid to Borrower.In the event of a panial Faking of the PropertY � � ;•�.� ...,. ._
<br /> `` -: `•� mark�value of the ProPertY im��Y befine the taking is eqnal to ar greater than the amount of the snms secured by .
<br /> ' � �.�,� ,
<br />:�° ' �` ,
<br /> —�;, ...:;, . - -.� ,.. , g�ty J�t�mmeai�ely before the taking,anless Bormaet and Lender otLeswise agc�ee ia wciting.the snms secured by �z .� .,:
<br /> �} � ' ` -' ��y i�ent shall be reduced bY the amouat of tfle proc�eds multiPlied bY t�e following fracSoa: (a) the wtal �z_ ,� '� :'
<br /> �`'�-�--...._ '-F:: befon the taking,divided by(b)the fair m3ricet value of the P r o g e r t Y imm�iateh► :� � • .
<br /> { T�. amotmt of the sums s��3+ of the Ptoperty in whicdi the fair �' `�` ' -
<br /> � .� _ �� 6efoie ttu talting� AnY balance shall be paid w Soaawer. In the eveat of a paztial tauiag �
<br /> a
<br /> �'.: market walue of the Pmpests+imm��eiy befon the taking is less tl�an tfle amouat of the snms sewsed im�iatelN befos�� ;; ``` �'� ;_
<br /> ,��.:.'-� - or ontess applicabie 3aw otherwise provides, the proc�ds sball .. 1 ,�,
<br /> � . . = ta�ittg,tmless Beicuwet and I.endet oihecvvise agcee in writing l. � �
<br /> { � '�' be I�ed w the soms Insd�ament whether or not ehe sums are thea due. � '`"-�g''� <_`
<br /> ;�: ��,.4_` '' app seca�ed bY this Serutiry an + —
<br /> ��-`.,. - 'x ;-: �s ab�daned by Bormwer,or i�aRer notice by IPnder to Bocrower th�the condemnor offers w �:., `'��,`
<br /> � a- K 1f the Pmpeity� aithin 30 s aRer the date the notice is giva�, �.
<br /> `�� •��� Boao�rea fa�s to ond w Lender �7► gl ,r ..
<br /> ��4� award or s�tie a claim for damaf,es. � or w the sums `: `._
<br /> ` Lender is�uharjzed w caltect aad apply the pmceeds,at ita option.either to iesWration or repair of the PmpertY �r�:.
<br /> ;_,��; ' • : secured by tl�is Security��.��er or not then dne. � � .
<br /> m writing, aaY aPPlicauun of pmce�ds to prin not e�nd or
<br /> `�.�': . � . :.."` `-' lTntess I.eader a� Bonuwer othe;wiss agree� ha 1 and 2 or change the amonnt of sncb pay'meafs• : �
<br /> �=�,:� ` ` postpaae the due date of the monthlY Payments refeired to ia paragrap .
<br /> . '• '" 11.Bonowe�Not Itcleased:Forbearacce By I.euder 1�Iot a Waiv�Extension of the time for payment or modifsattoa � ` y ��';�
<br /> �: �. .,
<br /> - ' �� of amortizatioa af the snmg seco�d by this Seaaity Insaameat greated by I.eader m aay saccessor in i�erest of Borcower shall .�� "� �;:
<br /> : �,� � k.
<br /> 4��--... _=:�;w' not opernte to release the liab�iry of the origivat Bo�rower or Bormwer's successors ia iaterest.Leader shall not be�quired , ,Y
<br /> ,� commence pmceediugs agains�a�Y
<br /> successor in interest or rePase to extend dme for payment or othezwise mndify amo�on ti � �`
<br /> '� �..�� s ,!; oY the sums serured by this Sea�rity lnsdrament bY �eason of azry demand made by the original Borrower or Bomnwer's ��
<br /> - ,,. . •. - �-- �a ia inte�est.An fo:beuance by Lender ia execcising auY right or��i►shall nat be a waiver of or pieclude thc ��.:...�T
<br /> .. � successo Y r� s���
<br /> - ?a=. � -" -. .- - -- - �rcLse of aay right or remedy. Sevael 1Sab�ity; Co�aers. 7�e covenants and ageemeata of this �_::.. _ ''��' "
<br /> Boaad; doint and e , n'��
<br /> I2.Succcsso:s ead Asstgns ,f �`:,. ':
<br /> S�arity Ins�meut shaU bind and beaefit the saccessore aad assigns of l.endec and Boirawer, subject to the pmvisions ot r � :
<br /> ` ,', ; paragiraph 17. Borrow e r's cov e n a n t s aad a g r e e m e nts shall be joiat and several. Aay Borrower who co-sigas this SeWritY �:, >
<br /> ' agre aad convey that
<br /> o to mortgage.� ,
<br /> , . �_ tastmmeat b�daes not execute the Note: (a)is co-sigaing thia SecauitY Ins�cme�ao3►L obLgated to pay the anms ' � ,'
<br /> ,� ,: , .' ��' Borrower's interesc in the PruPer►Y tmder the terms of tLis SecudtY InstNmear,(b) P�O�Y�end.modifY.forbear or ,t � �-.
<br /> �' - : secared by this Securiry Ynsaumau;and(�)agcees that Lender aad ai►9 other Boaower maY agr�
<br /> ' � �• make any accommodatios�s with regard to the terms of this Seruriry Instmment or the Note arithout that Barrower's consen�
<br /> ,�. ; . If the toaa seaued by thia Seauity Instromeat is subject to a law wt�ich sets waximnm loaa charges. '.
<br /> _ • . • 13.Loan C6asgcs- thi . �
<br /> _'`f-�: � • ' and that law is fu�aUY interPreted so tt�at the interest or other 2oan charges coltected or to be coIIeaed ia connecdon wlth the �-
<br /> ,�=,,., _:'., ... �.. '.-i., 2oaa exceed the pemdaed 1lmits.thea•(a)any such loan charP,e sba11 be reduced bY the amonnt ner�sary co reduoe the charge , .. .
<br /> ?� `;. � . �.':�:. . to the permitted limit;aad(b)anY sumg atreadY collecxed from Borrower�fiich euceeded pemaiued limits will be refunded w �
<br /> . ., Bormwer. I.ender maY choose to make thia refimd by reduciag the princiPal owed under ttie Note ora Y��thout azry r
<br /> .��'' , .. �` p �ipal the �aoa will be ueated as a partial preP Y�� _
<br /> ,..` � . ,� : paymeat to Bosrower. It a �efnad redaces ria , . .�:.
<br /> ,�� !' �..
<br /> ':� - � Prepayment cbarge under the Note.
<br /> :�Yf,�:;. _ c shall be vea delivering it ar by mailing
<br /> � :.r �• • 14:Notices.Any nodce to Bosmwer pmvided for in this Sec�rity lnswmen $� �1' ` ��+,•,
<br /> ,-�,'.�. ,_�.'��,.. •' licable taw requirespse of anather methad.The notice shall be directed to the Propesty►Address .
<br /> .,,. it by fust class mail w�tess aPD . � ..
<br /> �� �°:. • • �• . or aay othet address Bocrawer designates by nodce to I.ender. Any nutice to Leader shaA be given by fitst class mail to •.,.:...
<br /> �....,.,.. ,: ,
<br /> '.'"�=� . - L,eader's address stated hereia or any othes address Lender designates by notice to Borrower. Any+nodce provided for ia this ,
<br /> '�.":,� : - . securiry Inswment shall be deemed to have been given to Borrowes or Leader when given as provided in this paragraph•
<br /> . ,. ' � IS.Governing I.�w+ Severability. 'TGIs Securiry insuamem s6a11 be gavemed by federal law and the law of the
<br /> ',`,:; :'" , ., � is located.In the event that any provision or clanse of this SecudtY lastn�m�t ot the Note , .
<br /> ;�..�,'. jurlsdictian in which the PropertY . .
<br /> .;°;:::�_ . � , confl}cts with applicabte law,sucli contlict shall noc affect other provisions of this Securi�y lnstrument or ttte Note which can be ...
<br /> ;;�_::;: ' � : : ; ,� glven effect without the conflicting provision.To this end the provisions of this Securiry lnsttument aad the Note are declared . ;
<br /> { to be severabte.
<br /> • ;,�:. : . 1
<br /> ' , • 16.Borrower's Coyy.Borrowes st�all be given one confoimed copy of the Note an d o f t his S e c u d ry I n s u u m e A t•
<br /> :,f• . Form 3028 .. _
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