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<br /> �' • `., r If I.ender requitad nwrtpie imunnue as a ooedition of makin� the loan�ecured by this Sxurity lnurumrnt. y,,.._
<br /> - � • • g��r���pay the promiums roquired ro maiatain the insurance in eRxt until such tim�as the requiranent tor Ihe ` ` """"�•''�""'
<br /> � insuanu te�nin�ta ia socotAance wit6 BorroMer's�nd Lender'�Mritten s{rament o��pplicabla I�w.
<br /> - ' S, t�p�alio�, l.ender or its�mt ttuy make resx+n�hlr.e�tries upon and inspecqons of the Praperty. l.ender ���� ___
<br /> . ' �haU pve Borm�var�wlioe at the time oPor prior to�n inspection cpecifyin�reswnable cause for the irt:pection. __ � �
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<br /> ^�• :;„.:,� !. �qa�. Y'!�e procaeds of any award or claim far dama�es.direct or consequential.in connection�vith '"_��`";`-"^-'�[(
<br /> �t ..n].c�_.•. • , J-•'R"`-L,;'
<br /> ,•,, : �ny condana�tion or other tskie�oi�ny p�rt ol'tbe Property.or for conveyance ia lieu of condemrution,arc hereby ' ,�,"�,,,�;�,r,�w„_:
<br /> s:�• ,. . . �ip�ad and dudl be p�id to Lender. '
<br /> -• . ` • In the event of�toul ukin�of the Propeny.the praxeds shall bc spplied to the sume secured by this Saurity . •,,r�,�;,:,��'-'
<br /> • In=tnuarnt.Mhetl�u or not�hen due,wfth�ny escxts paid to Borrower.In the event of a parti�l t�kinQ of tha Property, ..'.. ��.,.��.-„,-�
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<br /> . qnless BorroMer and l.ender othrnvise a�rae in writing,the sums�ecured by this Sxu�ity lnstrwaaent sh�ll be rcduoed by . .�;:,,v��,.. ,.•
<br /> ' • 1i�e amouot oP the prooeeds unWtiPiied by the following fnction:(a)the total a�ooW�t of 1Ae sams secured immedi�telY ,'.::'::''r°�� . •
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<br /> before tAe takiag.dividod by fb)tlie£w m�rket value of the PropertX immediacely Eefae the uicu�.Aoy b�l�nce shdl be .;. .:
<br /> . p�id to Borro+rer. ,
<br /> lithe PropertY a sb�rdoaed bp 8orrower.or ii afler notia bX Lender to Botrower that�he aa�ademnor oRers to
<br /> ' make aa a�+ard or settk�clwm fot�am*�es.Borrower fails to rapond to Lender within 30 days atier the date the notice is �
<br /> �ivm.I.ender is autAorir,ed w collect and apply the proceods.at its opuon.either t�rcstarwtion or repai�of the Property or •
<br /> - to tbe wmc sxurad by this Seeurity lastrummt,whetder or not thrn due. �' '•�.+~
<br /> Ualest Lender aad Borrower dherwise sgree in writing.anY aPPlication v4�roceeds to principal shall oot extrnd or . .:
<br /> • po�tpone the due d�te of the monthly Qwyma�ts rderrod to in pusgraphs t and 2 or c6�nge the amount of such paymenu. � • �:„;
<br /> � " 10. Borrower Not Rekased;F�airban�ce By L�nder Not a Wd�ea Extcnsion of the time for paymmt or , �.
<br /> . ' � � modi6pdion of amartixatian oi the s�es sxwed by this Security lnstrument granted by Lender to any successor in ';:�'-�_
<br /> • interat of'Borrower�I!�ot operate to relase the liability of the original Borrower or Borrower's successo�s in interest. , ;�,r�.
<br /> ' - Lender shaU not be required to commena praceedin�s againat any successor in interest or refuse ta e�aee�d time for �' � � • •-�
<br /> � � paymait or otherwise modify amortizuion of the sums secured by th�s Security Instrument by reason af any demand made %�-�-�
<br /> by the origi�ul Borrower or 8orrower'�suc�xssors in interat.Any fc+rbaraace by Lender in exereisinQ any righ�or remedy �y_���
<br /> � �' xsso _
<br /> • � shsll�wt be a waiver of or preclude the eaercise of any right or reme��. E•
<br /> +''':��' 11. Sucoeaon�ed A�i�s BouNd+Joi�t ud Setenl I.iabi0ity;Co-sl�eis. 7�he covenonts and sgreements o�i '
<br /> • this Security Instrummt clull bind and baubt the successors and assigns of Lender end Borrower,subject to the provisiona ,
<br /> af Fasa,�fil�!7.�rr�aer':covenanu and agreanents ahall be joint and seve�al.Any Borrower who co-signb cfais Security ._ _ _
<br /> '�� '� Instrumen�a'but das not eaeeute Ihe Nate:(a)�a co-signiag this Secwrity lnstrummt only to mongage,grana and convey • .
<br /> that Horr�wer's interat in the Property�nder the terms o f t hic S e curity Ins trumen t;(b)i s n o R�e�s a n a l l y o b l i g at e d to p a Y ' : t,
<br /> . �;;�;s:�,;, the sums secured by this Socurity Inatrwanent;and(c)agras that Lender and any other Borr�+wer may agrec to extend. ,
<br /> , ` �,�,;,, rnodify,forbar or rtuke any �ccommodations aith rcgard to the terms of this Secunty Instrurnmt or the Note without ! �'
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<br /> ' t0�st Borroaer's consent.
<br /> . �•.',`• l2, I,o�n qn�es. If the lan secured by this Security Instrument is subject to a law which sets maaimum loyn •
<br /> . "' chuga,aruJ lhat law is flnally interpreted so that the interest or other loan charges callected or to be callected in
<br /> - '"�' �', conneetic�r�wi�h the Ioan excad che pertnitted limits, then: (al an� such loan charge shall be reduced by the amounc ,
<br /> � nocessary t�reduce the charge to the permittod limit;and(b)any�su r:ss already cdlected from Borrower which eaceeded
<br /> permittad limits wiU be refunded to Bonower.Lender may chonst to make this refund by reducing the principal owed
<br /> . under the Note or by m�lcing a dircct payment to Borrower.lf a refund reduces principal,the reduction will be trrrted as a
<br /> partial prep�yment withoutany prepayment charge under the Note.
<br /> ,; � 13, I�Watiuo AffecttaQ I�eud�et'e RiQht�. If enactmen� ar expiration ef applics�ble laws has the eflect oP
<br /> �; � rendering any provision of tbe Note or t his Secunty Instrument uteen3orceable according to�ag�cr�n�,l.endcr,at its option, ,
<br /> �""� may roquire immed'ute payment in full af all sums secured by thia Secunty Instrument aasrl :r�p� ipvoke any remedies .
<br /> � permitted by paragraph I9.I f Lender exnrcises�his option,Lender s3�all take the steps specified in ihe serrncl�aragraph of ��� • •�
<br /> ;i�.
<br /> P��ph 17. ' , ;',,�)�
<br /> 14. NoNca. Any notice to Borrowcr provided for in this Security Instrument shall t+�given by delivrnng it or by �.:i
<br /> mailing it by first class rnail unless applicable law rcquires use n+aaother method. The natice shall be directed to thr , � , �
<br /> Proper3y tlddress or any other address Horrower designates by r��'tice to Lender.Any notice to Lender shall be given b;� • • ��
<br /> � -••.�.,: � Rtst clus mail to Lrnder's�ddress stated herein or any other addras Lender designates by notice to Borrower.Any notice `•.��,
<br /> 1 • ptovided for in this Security lnstrument slwll be deemed to have been grven to&urower or Lender when given as provided , �
<br /> in this pars�raph.
<br /> ' ; 1S. GqjerniaQ La�: Searabllity. This Security Instrument shall be go.erned by federol law and the Iaw of the �
<br /> . '' jurisdiction in which the Property is located. In the event that uny provision or clause of this Secunty Instrument or the
<br /> �'•�,.;•�' Note conAicts with applicable law,such conflict shall not affect other prov��ions of this Serurity Instrument or the Nate
<br /> which can be givm eSect ais'hout ii�e conflicting provision.To this end tMe pr�v�s�ons of thic Secunty Insttument and the
<br /> ' Note are dalued to be sPVer abk. ,
<br /> ;•� 16. Borrower's�C;opy�. 6hacr�wer shall be grven one conformed copy of the Note and of this Security lnstrument. .
<br /> "." .'.• 17'. 'frander of�e �operty�r i Hene8c�a1 Interest in Borrower. If all o� an} Can of the Property or any
<br /> � interat im�n�s sold or trara(ened�(rR ii a bene8cial interat in Borrower is sold or transkr�ed t+n�Borrower is not a natural ,
<br /> � , . persan)without Let�der's proor wn4trn consent, Lender may.a�us opnon,requue immetl�a:e•payment in full of all sums �'• ,� ..
<br /> ;�''; secuad by th�s Secur�c} �nstrument Hawever. �hn��ption shall nrn be exerci.�'hy L�c;.Lr af eaercise is proh�biled by
<br /> federal laa u of the�clace��f this Secunty lnstrumeat
<br /> j If Lender eaercises this option.C�nder shao�grve&►rrower nouce of accrtrrac«r. Yfi�e n�+a�ce shali provide a penod
<br /> ' of nd las than 30 days frum the date iE��Rat�ce�s ael�vered or muled withm which Hone�++�r^�Lsc pay all cums seeured by
<br /> . this Secunty lnstrumrnt.lf Borrower fads to pay these sums pnor to�he exp�rauon of th»p�er�od.Lender may invoke any
<br /> . �r_"'.e..�.L�.....�...�...d�...e nil nn Anrrnv�r
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<br /> 18.Borrower's RiQht to Reiastate. If B�crov�er mats certam cond�t�ons, Borrawsr shall h�ve the nght to have
<br /> , eniorcement of th�s Secunly lnstrument discontcnued at any ame pnor to the earlier oL(a�S days(or sueh other penod as
<br /> � appaocssP�Ge law may specify for raasutement)bePore sale of the Propeny pursuunt to any y�wer.►ts�e contamed m th�s
<br /> SecuRty tlnstrument:or(b1 entry of a�udgment enforemg this 5ecunty (nstrument. Thc��e cond�traes aee that Borrower:
<br /> , 1 (�) poy� C.enGer a!1 sums which thrn would be due under this Secunty Inscrument and rhe vo�e Nad no accderation
<br /> � occurred; (b)cures anp default of my other ca�ants or agreements: t.:► pays all expenses mcurred in enforcmg th�s
<br /> Secunty Instrummr.includmg,but not hm�tad ro,twsonable attorneys'f�es: and(d1 taka such acnon as Lender may
<br /> rasonably rcqmre to�ssure th�t the I�en of th►s Secunry Instrument. Lender's nghts m the Propeny and Borrower's
<br /> � abligat�on to pay the sums secured by this Secunty Insttument �hull contmue unchanged. Upon remsutement by
<br /> Borrower,this 5ecunty lnstrument�nd the obligauons secured hereby shall remwn fully effect�ve as dno accelerat�on had
<br /> oocuRed.However,this n{ht to rc�nstate shall not apply m the case of acceleration under paragnphs 13 or 17.
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