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<br /> �� ��` ;i �; • ms�uance cove�ge(am tde amount and for the peaiod ¢� ° _
<br /> __zz`=, �'-�� . I�Y+���y ao tonga be�ricea, at the option of Lxa�drs, if martAaSe� � •-
<br />_- " � . . �-"� that l.endet rectuites)Pmvided by an�appmved by I.end�aguin beoomes awa�ab2e and is olsta�ed. Bouowea shall pay :�n y.� .,-,;: �
<br /> ���� f, �`�.,� � r�miums re�uured w maintain mo�igaSe u�vaace in effec[,or to Pmvide a inss reserve, until the requiremeac for mongagc .F:-;�,:-
<br /> _ 5 - : D �:
<br /> Ti `- _ C-�, Q��i�rII�A�acoordance witL any wriuen agceement betwe�Boaowa snd Leadea or applicable law. . ..
<br /> �:- o;`. 9.tasp�ion.Lender or ias agent maY make�easonable euuzes�pon and�pecdoas of the Pmpeny. Lender shal!g�vc � ��''� ,:::
<br /> �y`�i_���it.�".;� ;'_.` .= Boirower noticc at[he time of or prior w an iospec.tinn sPecifymg re�onable cause for t6a inspecuon. � : �-���..f� 't�-�
<br /> r 1" t'. � � �-,. . 10.Condemnation. The pioceeds of any award or claBn far damages. direcc ar caaseq�eotial. � connecdon with any � �- �, �• '!
<br /> s�:.�� Y-- � condeamatian or oWer taking of any part of the Pmpclty, or for comeyauce in lieu of con�mnarion, ace hereby assi�ed and � .. � �
<br /> q `. , y shall be p2td[01.etidCi. ' - --
<br /> '--: ` , `� r In the event of a rotat tai�t8 c►f the Pmperty, the proceeds sball Ae applied to the sums secured by diis Sec�uity Ia�nt. � :f `;\
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<br />- ''��_ ., . wheth�or not th�due, wit!►aaY exces.s Paid to Boaow�a. In the ev�t of a pa:tial taldag of the Pmpe�ty ia�wbich the fair � _ ..,..
<br /> '. '�- �'; � is m ar than the amount of the smns sec�ued by this .� _ .,;"`.�
<br /> - madcet vaWe of the Pmperiy immediatclY before the�iaS e� � m y��ths swns sc�aed by --
<br /> L : Secu�itq Instrt�eni immedianelY beforc dte taltin&unle,ss Boaowei and Irender atherwjse agiee� -- ° � i.
<br /> �� [: � . � . -�` this SeaIIity Inslnuneut sdaIl be re�uced by the amuwit of the pioceeds maltiplied by the fotlowing 6action: (a) the wrai 4:_ .L;�= .`;,,:_
<br /> � �
<br /> `-., before the►a�n8, divided by N)the faic market value of die Pmpeacy imQ►ediat�Y _
<br /> <'=, ��- amount of the sums seaued imn�diatetY of the Pro in which the faff ���`
<br /> , .. .
<br /> `.< . .,� ,; • beforc thc taking. Accy balance shail be paid tfl Baaower. In die cveAt of a paraal taking P�Y -
<br /> --t--=�— ' b e t o r e t h e t a k i a g is l�ss tt�the amount of the sums secvnd immediarely 6efore the _ __
<br /> m�d c�.v a t u e o f i h e P co p e a t y u a m c d i a t c l y _
<br /> �� raking. unless Boaower and Leuder otherwise agree ia arriting or unless appticable!aw atherwise pmvides. the proc:eeds�h�tl
<br />_ .�.:_` �'��;. y� ,..`':�� be npplied to the sums sec�ued bY this Securiry InsEtvmxent whetdea or not the sums ace tt►en due. .` ... ',.,�
<br /> �` t : - --- If the Prope�ty is abandoned by Bmmn�ver.or if,after notice bq Laud�w Baaawer thaat the wndeatnor offers w make an -- •��.�•-
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<br /> ".�+;- ' award ar setde a claim far damages, Bormwer fa7s w respond tn Le�adea wii6u► 30 days after the dase tbe notice is givea. : �•.. .
<br /> ��,f•- ``' � ,,� Lender is authorized[o collect and apP1Y me Pmceeds,at its option,either m rc5m�ation or repair of ttte PropertY or to the sums •�`s ,
<br /> � ' s e c u r e d b Y t h i s S e c u r i t Y L u�m e a t,w h e t h e a or aot then due. �;° ,
<br /> � ; �f to s h a ll nat e x t e n d o r
<br /> � �,; P � m wrirm anY aPNiwnan Qmc�d� P� _
<br /> Unl� Lendea and Botrow� otherwise agt�ee ' S+ ; '
<br /> a,�.. � P�P�e the due date of the mondilY FdY�en�refesed tn m puagraphs 1 and 2 or change tLe amount of sach payments. -� °
<br />_ .�'�;�_ . . •� ` . ,°-.1: 11.Borrawer Not Release�t Forbearance By i.wcler Not a Waiv�.E�sioa of the tirue far paymenc ar caodificauon � .;. t•k�
<br /> Insmnn�t ted by Leader to any successor ir►iaterest of Sorrower shall � :=�• .
<br /> ���, � � 's��< of aaao�ation of ttte sums secucrd by this Security 6� ,
<br /> . c..>, �� :.
<br /> ,.,�r- .s , �__ not operate to retease the liab�7itY of the original Boaoaea or Borrower's successors in interest. Lender shall not be rcyuirc�f tc, ts -
<br /> ��.:: . _ ;:; cammence pmceedings a�any successor m mteresc ur cefine iu r.�i�a3 ii�iar pa.;���er.ti�e mol�fy amncri�aaon _ -
<br /> r :,r;: � ` .. of the sumv sec�ued by this Secwrity In.stmment by rea4on of any demand made by the origoal Bormwea ar Bonower's .',.��;��i
<br /> ��,:`,; .`t--_ �u�x:essors in intecest Any fo�bqtance isY Leader itt ace,�c�sing any right or ranedy shall not be a waiver of or preclucle the - - .- ' -
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<br /> `:'`'� . '`� exercise of any right or remedY•
<br /> ��,. ' tc of this ��•� .-
<br /> , � � � 12. Snccesors sud Asslgus Bound;Joiat and Severa!I3abil[ty,Co�aign�ra. 'il�e cove,nants and agieeaaea �
<br /> : �'��`�: . Secasity Ltso�umeat ahall bmd and beaefit the successois and assigns of Lenda and Boa�wea, Subjec[W!he pmvisl0ns Of ;+��`:
<br /> ` :; ;,.. '"' � �raragsapA 17. Bnrrowa's covenants and agreemeuts sball be jomt and several. My Boirowea who co-signs this SeruritY ,:_t;::..
<br /> .•��:�-�. . ' Ias�n�meait Tout does not eaecute the Not� (a) is cu-�8 �S�rY Ins�ument only w mortgage. Brant and canvey that ; .,.
<br /> � •� � Boaowes's inteaes[m the Prope�ty under thc t�s of this Securi►Y Ins�omen� (b)i�not peasonallY obligatecl a PaY the sums '
<br /> .; :.`. , secured by this Securiry Instrnnien� and(a)agrees that Lendea and any other Borrower may agree to eat�nd,modifY,forbear or _' :r
<br /> �;;;,:. � make any accommadatinns with regzud to the termg of this Sec�rity Insmunent or the Note without that Borrower's consen� .
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<br /> ;�,'C,'..,.� .. . .� 13.Loan C6arges.If the loan�ecured bp this Security Inswment iv subject to a taw which seu maximum loan charge.. ; , : -
<br /> ,�_ . ; , and that law is fmally interpreted so that the intetcst or other loan charges collected or to be coUected in connection with the
<br /> '' � , ..��� loan exceed U�e permittEd limits. then: (a)any such loan charge shall be reduced by the amount necessary w reduce�he cdarge
<br /> � � � . tted limits will be refunded w -
<br /> - . • to the pennitted limit; and(b)anY sums a1�e�Y collected from Baaowea which ea�ceeded Pami
<br /> � t,'`� �� ` � Boirower. Lendes may choose to make this cefund by reducin8 the Principal owed under ihe Nat� ar by making a d'uect �
<br /> `TT?�::. u� '. • payment to Borcowet. If a refaad teduces principal. the reduction will be ereateA as a partia� PrepaYment without any --
<br /> �' °� � prepayment charge under the Notc. - - - .
<br /> :.�.���. . . . . ` -� l4.Notlees.Any notice to Bormwer provided for in this Secuiity Instnunent shall be Eiven by delivering it or by mailing ,.
<br /> , t� .,.
<br /> . � �=''� ii by fust ctass mail�tess aPPt�able law requires usc of another methad.11�e noflce shall be dQected [o the Propcny Address
<br /> . °�.�;�' � � � ar any othea address Bonravver designates by norice to Lender. Any nodce to l.ender shFill be given by t"irst cla�.c mail �n ,. ; .
<br /> K r;' ; � • Lender's address stated herein m anY°ihe�address l.ender designates by notice w Boaower. My notice provided for m th��
<br /> '*. �:•.� � - • gecurl ty Instrument shall be deemed to have been given to Borrower or L.ender when given as provided u�thic paragraph.
<br /> . -�'� :�:° , f � 15.Governing Law; Severability. This Security Instcument shall be govemeA by feder a l {aw an d t he t a�v of thc � :�.. �' .
<br /> E.._ ..
<br /> ���;` - � ' jurisdic6on in whah the Properey is�ocated• N t he e�'er�t t h a t any p r o v i s i o n o r c l a u s e o f t h i s S e a u i ry I n s n w n e nt or the Note
<br /> :..!�.;�: � �.
<br /> .._F.::,:_ , '�. `•a �onflicty with applicable iaw. such conflict shall not affect other provisions of�his Security 2nsuument or tt►e Note which can be � •. : .` ,.
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<br /> �_�. , ; �. .i given effect without �he wnflictinb provision. To ihis end the provisions of Ihis Security Ins�ment and the Note are declared ,. _
<br /> , . • • . to be sevaable. � .
<br /> f;'; . . :� , of the Nate and of this Security Instrumen� .
<br /> . , l6.Borrower s Copy.Borrowe�shall be given one conformed copy �'� •
<br /> ' . • ' :� Form 3028`_9!� .
<br /> }' - �.� �.BRtREliei�z�o� c,q.eo�e �m,�•/(�
<br /> . 7y` ti � 10253569 .
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