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<br /> payntcnte raay nc►lan�er b�reyuia�.l,ut the uption of l.ender,if mottgage insurance cavemge(!n the�srnount i►nd fne thc pc�icui L
<br /> � ^ thnt l.eitdcr rcquite�)provideit by un lasurer aFprovcd by l..ender ngnin bccames avuilublc nnd ix abtained. Borrower shull pay
<br /> �� thc prcmiwn�eequired to maintain martpanc insumnce i�effect. or to provide t�loss reservc. until ihe cequirement for mortIIu�e �.
<br /> insur.mce ends in accor�mttce wilh i�ny wrltten ngrccmcnt between Burrower and L.ertder ur applicable lu�v. _
<br /> . '� ° 9. Icu�ertlon. l.cmier ap its anent muy make rea.�+unable cntrles upan and inspcctians af the Property.I.endcr ahall Qive —
<br /> ' Hareu�ver natice at tho tim�of or prior co nn inspectton spectfyfng rc�sonnble Mmse f�r thc inspr.ction. �;
<br /> , � 10. Candemnutlon. The procerds of uny awr��d ar claim for dnmages. dlrect ar cansequenttul. in canncctton wlth nny '_':
<br /> •� . canacmnation i�r ather tuking��f uny part af the Property.or far mnveyance in lieu af condemnntion. nre hereby u.4signcd und �
<br /> ahu11 hn NuiJ w I.ei�de►. � !'
<br /> � �'��a�r��� 1n the event of a rotul tnkinp of the Praperty,the proceeds shnll be appNed to the sums secured by this Security Instrument. �
<br /> �:.-�= whether or nai then due. wlth uny excess paid ro Qonower.In the event of n p:irtiul taking of the Property in ahich the fnir � k
<br /> mnrket vulue af the Property immediutcly bofare the tuking is ea�ual to or grcatcr thnn the umount of thc eums secured by this �
<br /> �d" . Secu�ity Instrument immediutely before the talcing,unless Borrower und i.ender othenvise agrce in writin�. the sums secured by �
<br /> - ;.,` this Security Instrument shnll be r�educed by tha amount of the proceeds multipljed by the following fraction: (a) the totnl r.�
<br /> • . W. amount uf the sums secured lmmcdiatcly bcfom the taking,dlvIded by tb)the fuir markei vnlue of the Property icnmedintoly �y �
<br /> ��� ,.„-�� beforc the tnkinQ. Any bsilancc shall be paid ta Borrower. In the event of u partial tuking of the Property in which the fair _
<br /> •• murket vulue of the Property immodintcly bofore the talcing ia le�s than the amount of thc sums secured immediately before tita _
<br /> , ' . ', ` � takinII.unlcss Borrower and Lender otherwis�ngree in weiting or unless applicuble law othenuise provtdes,the pracecds SRnl1 -
<br /> be uppl3ed to the sums secured by this Securiry instrument whether or nut the sums are then due. __
<br />:=w��;;�rx� . If tho Property is abundoned 6y Borrower.or if,nfter notico by I.ertder to Borrower that tlie condemnor offers to rnalce aa�a
<br />�`w� w:`� award or settle u cl�im for dnmu�es, Borra�ver fnjls to respond to I.ender within 30 days after the dute the notice is giv��,
<br />' ��"�%�.� ' Lender is authorized to co9lect and apply the proceeds,nt ita option,either to restoration ur repalr of tha Fraperty or ta thc sums _
<br /> .���*:;;-tiC��;L secured by this Security Instntm�nt.whether or not then dus. �
<br /> � ��` � 4 Unless L.ender and Bomower otherwise ugreE in wr(ting. any e�plIcutlon of procceds ta princ[pal shell not eatead� rr
<br /> _,;�:1���__ postpone the duc dute of the rttonthly payments mfeered to Irt paragr�ghs 1 �u►d 2 or chunge the umount of such payreeen�s. --
<br /> ��� `"°`';, I1.Boenuwer No!Iteteased;Turbe�ararece By Lender No!u Wnf��er.Extension of the time for payment or modificauon
<br /> �Y�;,�.�'� .t of amortiu�don of the sums secured by this Secudty Instrument granted by Lender to any successar in interest of Borrower shall
<br />__.�:�.�r � not operate ro release the liability of the or�gtnal Borrower or Borrower's suca�sors in interest. L.end�r shall not be tequired to
<br /> : �, r�.. commence proceedings agalnst urry successor in interest or refuse to extend time for payment or otherwisa modify amortiiation .
<br /> '�r';;?,ry��.•, of the sums secue+ed by this Sec:udty Instcument by r�eason of nny demund made by the originat Bon�ower or Borrower's
<br /> cr3,rM,d= successara in interest. Any forbrairance by Lender in exercisin�any dght or remedy shall not be a walver of or preclude G'�e
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<br /> �'-`�''=-`"'��� exercise of an d ht or remed
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<br />-,-.:::::.,, 12. �uccessoes umu hssigns isoun8� .Soitti ttnn aeveriu Ltii�iiii-j;Co-s°�m. 1''k� txit's�Ais�std 3^a�stis �f th1
<br />—�_'::'nF;u;;;"�, Secur�ty Instn�.ment shall bind and benefit the successors nnd ossi�ns of Lender and Borrower.subject to the provisloas of -
<br /> --`�'��'_, � parugraph 17. Borrower's covena�its and uAreEments sh�ll be joim2 and several. Any BorrntvEr who ca-signs this Sac��Tity
<br /> =—�:�ii_�;r' : Instn�ment b�et does not execute the Note: (a) is co•signing this Secudty Instrument anly to mongage, grnnt und convey 3fiat
<br />-v���,Q���!, Borrower's interest in the Property under the tem�s of this Securiry Inshvment;(b)is not personully abli�tr.d w puy the sums
<br /> .;�-�-�.—�= s�cumd by this Security Insttument;and(c}agrees rtt�tiR A.ender and any other Borrower may ugree to exteRd.rnodify.forbear or
<br />"°d`-`"`:��'?'',� ' mnk�e any nccammodattons with rcgar�to¢h2 terms of ta»s Svcuriq instrument or the Note evi¢Ctottt thctt Borrower's consent.
<br />"�'"'���'�`'�`%`''?�� 13.Lma��Cfwrges. If the laan secumcl by this Secudry Instru�rntnt is subject to a law which sets muximum lo�n c7�.n�•��,
<br /> -�;h!�V R�;YJ� und thut law ja finnlly irtterpreted so that the intemst or ather loan chsrges collectal or to be wllected i�connectIon witA�he �
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<br />_-���:,;,;,;m,�i loan exceed the pesmitted limits,then: ta)nny such loun chnr�e shall be reduced by the amount neoessary to reduce the c a
<br />----=_�-== to the permitted licnit;and(b)any sums already sollected from Borrower which�xc�eded permitted IImits will be refunded to
<br /> j Borcower. Lender mny choose to muke this refund by reducing the principal owed under the Note or by making a d€rect
<br /> ------ payment to Horrower. If n cefund reduces pdnetpal. the reduction wilt be treated as A paNal prepayment wlthout any
<br /> ------ � pnepayment charge under the Note.
<br /> �W-���� i 14.Natices. Any notice to Borrower provtded for in this Secudry Instrument shull be given gy delivering it or by mnilinII
<br /> it by first class mail unley.s nppltcable!nw requires use of another method.The notice shell be directed to tho Froperty Address
<br /> ----�-- or ttny othcr nddress Borrower designates by notica to I.ender./�ny nodce to Lender shall be given by�arst clnss mail to
<br /> - --_�;;�;;;:, L.ender's nddress stated henln or uny other addt�ess Lender de.gigctates by notice to 8orrower. Any notice provided for in this
<br />----______ Secudty Instrumelnt shall be dc'emed to hnve been�iven to Borrower or•L.ender when givcn ns provided in thia parugruph.
<br /> -_---_-�-� �, iS.Governln� Y.aw; �everubility. 'iI'his Secnriry Tnst�vment shall be Rovemed by fodenil law and tho law of tt�o
<br /> _--_---__- " jurlsdictio�i in which the Property is locuted. In the event thnt uny provis3on ox clause of this Secur[ty Instrument or the Note _
<br /> - --�y! cunflicta wlth uppltcable law. such conflict shull not affect oth�r provistons of this Secudty Instrument or the Noto yvhtch cun be
<br /> -- ,�;',';,;�f Biven effect wIthout the contlicting provtaton.To this end the provisions of this 5ecurlty Instrument and the Note ace declured
<br />--�--�<�?�� to be severable.
<br />�_�_u�� 16.Borrower'e Copy.Borrow�er shall be given one canformed copy of the Note and of this Secudty Instcument.
<br />- -- � Form 3020 9180
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