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<br /> puyments mt�y rta lonBer be mqui�ed,ut the option�f Lender. if mortga�c insurcu�cu covcrn�c(in thc nmaunt nnd far the perio�
<br /> thnt I..ender rcqulres)provtded by t+n inaurer opproved by Lendcr nBain becomes nvntlnble nnd iA obtnined. Borrow�r Bhnll pny . .�
<br /> � tho prcmiums r�qulred to tnaintnii�mortQA�e insurnnce in offect.or ta providc a loss ecscrve,untit thc rcqulrcment foe mnrt�agc •:
<br /> Insurance ends in accacdnnce with uny�vdtcen n�reement httween Borr�wer tu►d l.ender or nppltcnble law. •
<br /> ' 9.Inspectton. Lender or its Agent mny make seasonablc entrles upcm and Inspcctiona af the Propeny. Lxnder ahnii Bivc �
<br /> Barrauer notice nt the time o!'or pdor to un Inspection apecffylna ccusonnble cuuso far thc ins{section.
<br /> 10. Gond�mnotlon. The praceeds of any award or claim for Camnges. direct or consequentiul, ia connrctiun wi�i► w�y
<br /> �� canderanntion or other tokinB of nny pact of the Progerty.or for conve��nnce in lteu of condemnntion,are hereby nssigned und �
<br /> -� ahalt be p�id to Lertder. •
<br /> - , °'"� In the avent of n rot�l tnkinR of the Propeety,the procceda ahnll bc applied ro the sums secured by thia Secudty Instcument,
<br /> ' whether or not then due. �vith uny exce.qs paid ro�orrower. In the event of A purtial takinB of the Properry in which the fnir
<br /> mtuket value of the Property immedintely befare the taktng is equul to or gteuter than the umount of the sums secured by this
<br /> ° 8ecutiry Inatrumept immedintely before dte talc��,ualesa Borrower and L$nder otherwise Agree in writing,the stuns ar.cueed by
<br /> " t�ia Securlty instnunent shnil bs rcduoec! by t�Cr: �mount of the proceeds m�uItiplied by the fotlowing frncdan: (n) the totcl
<br /> � amount of tbe sums secured immediately Aefw�e�"�e tnku►g, divtded by(Da cCr f�ir market value nf the PropIIrty immediutely ' . ,.,.'
<br /> � before the taking. Any balanoe ahalt be �p.aid to Borrower. in the event of� p�rti�l taking of the Proparty in wb{ch the falr �� �..
<br /> market vulue of the Propany iram��:ely before the taking is less thun tlte x��e wf tCo�sums secured Immediately before tde
<br /> ' u�lciag,ualess Borrower and Lender otherwise agree in wr(ttag or unless np�9ir��t¢lnw�thecwise provides.thB proeeeda sball
<br /> !t�app!!ed to tbe sums sesutr�by thia Securlry Inecniment�vheWer or aot tk2 saem�s a�+e ttien due.
<br /> If the Progarty is abaudoned by Borrower,or if,aRer aotice by Lend�r¢�Barnnwer that the condemnor offers to m�tce an
<br /> � uward or settle a claim for dn�xs, Horrowar fails to respond to Lender�viNin 30 dAys after the dute the nutice is given,
<br /> . � Lender ia authorizai to collect�apply thc proceeds,at its option.either to res[orasian a�r repair of the Ptoperty or to the sums
<br /> secured by this Secudry Inatrumeas,whether or not then due. _
<br /> Ualess Lender aad Borrower otbenvise a�cee in writing, aay application of pr�a to principal shull not exrend or
<br /> '� postpone the due u�ate oF the monthly paymen¢�referre�to in paragraphs 1 aAd 2 or chaage the amount of such puyments.
<br /> r g 1.�orrowea Not Rele�s�dl9 Forbeaeance By Lender Not a WAla�er.�xteasion of the time for puyment or modific�doa
<br /> �: aq��atioa of the sums sec�il by this Sscurlty Instrument granted by Le�der to any successor in intemst of Borrower shell �
<br /> aas v��zrate to release the liabili¢y�t the or�giaal Borrower or Borrower's seccessors in interest. Lender shall noe be required ro :.;�
<br /> ,.• commence proceediaga agalnst any succe.ssar in inter�st or ret�se to exte�d tn¢�e for payment or othenvisu modify amorti7mdaa --
<br /> -1�► �f the sums secumd bv this Securlty Insuument by reason of any demar.� made by the orlgiaat Borrower or Borrower's `,:;:-
<br /> � successors in interest.My farbearance by Lender in exercising any dgt►t or reatesiy shall not be u waiver of or preciude che °�`�
<br /> exeraise of any r�ght or remedy.
<br /> .,�/��� Suocessors und Assi � IDaundt Jaiat and Several Liubiltty;Co-sigaere. The covenaats and agreements of this �-�-^
<br /> �"'%�' f, 12. fl ..
<br /> • Serurity Instcument shall bind uu�➢benefit the successors and assigna oE Le�ader aad Borrower, subje�t to the provisions of q
<br /> paragraph 17. Hoirower's covenants aad agr+exments shsill be joint ems8 sEVeral. Any Borrower whm co-stBns thia Security =_
<br /> •• Ipstrument but does not execute tha Note:(a) is co-signing Wla Securtty 9res�QUment only to mottB:�e.grant and coavey that r-
<br /> •'' � ~' Bomower's taterest in the Property cutder tde tern�s of this Securlty tnarnumea�n:(b) is not personally o2�7a�ated to pay the sums �
<br /> .�''y5,,,,`�� � secured by thts Securtty Insavment;aad(c)a�ree.s that Lender and aay other Bomower may agree to extend.modify,g�rbear or ��... �
<br /> � " ' �� make aay accomma�attons v+►ith re�ard to tbe terms of this Security Insaument or the Note without thet Borrawer's consent. �__�`-
<br /> x� 13.Loun Chur�es.If the loaa se�urai by this Securiry Inatrument is subject to u law which seta mwcimum loan charges, ���`-
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<br /> •. and Wat lav�is tIaally interpreted so that the intec+est or other loan chazges coilected or to be coliected in connectioa with the P
<br /> •''. loan exceed the permitted Itmtts.then:(a)any such loan charge ahall be reduced by the amouat uecessary to reduce the charge �'
<br /> �'•;i,,,'•;';.� •1 to the permitted limit;and(b)aay sums u1ready collected from Bortower which exceeded permitted 1lmits will be reflmded to �_
<br /> " !�i,.r'!' '�' j Honower. I.ender may choose to make tLis refund by mducing the princtpal owed under the Note or by makin� a direct �e�
<br /> , ' �'s payment to Bornower. If a reflrad reduces principal. the reductton w111 be treated as a paztial prepayment w(t�out aay ��
<br /> prepa,�►mment charge umder the Nofe.
<br /> . `� 1A.Nntic�.w.Any nottce to Borrower provlded for in this Securlty Insmiment shall be given by deliverIn�it or by mssiling :�,,--.
<br /> � �` it by first class mail unless applicable law mquires use of ru►vther methai.The aotice sh�ll be directed to th�a property Address `_
<br /> � ar any ather address B�nmower desigaates by notice to Lender. Any nodce to Lender shall bc given by first cless mail co _
<br /> - �"�' L,ender's addr�a3ated hereW or any other address Lender designutes by notice co Bonrower. Aay notice provIded for in thta _
<br /> °"'•� � �' Securiry Yastn�ent sha116e dcemect to Nave bsen given to Borrower or I.ender when given as pmvided in thia paragraph.
<br /> �,_,,..w,...
<br /> . .;'::;� °�' .' IS.Govez�oin� Luwi �verability. Th9s Scxurity lnstrumept shall be governed by federal law uad the law of the
<br /> "1;;''';;aj+:.. � jtulsdlctton itt whi�h the Pmperty 981oeated. ln the event that any provisioa or clause of this Secudty Instnrment or tho Note
<br /> °" . . conflicta with sipplicable taw.such conflict ahall a�t affect other provisions of this Securlty Insuuuzent or the Note�vhicfi ciin be
<br /> . �' • ' given effect without the wnflictin�pmvisiom. To afiis end t�E provisions of thls Security Iustrument and the Note nre declared ;
<br /> . • . to be severable. �
<br /> ,� , 16.Borrower's Copy.Borrower shail be giv�n one coz�frormed copy�f the Note and of this Seca�ry lasrrumx�t.
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