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<br /> `° '�� �- rubstuuti��liy cqulvulcnt mnrt�ugc intiurancc nwcru�c i,not uvuiiablc. Horrc�wcr shull piy tu l.cndc�•cacii n�unth a�um cquid ta __
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<br /> onc-t�vclfth uf'thc yci�r►y m��rtgn�c inauranccPrcmium bcin�:paid by Hi+r��uwcr wlun tlic in,uruncc duvcragc Inp�cd�n�ccii,�d to — :.
<br /> — -- �_,__a•_... �_...��...,ai�.,�a.a u�:..��nd n�9UI0IIlPLO t111YD1(tlU41l� n Inrs e4ncrvc in lieu �tf nl�►rt�+�t��: in�urtu�ce. I.utir f��crvC �.._
<br /> .. ._ __— �M1 Itt�,t�v��.�.w�n��. ........'_�." .. _ • •
<br /> � {�aymenty muy nu lun�ar bc rcqulrcd ut th�nption of l.cndcr, if murtt;ugc insurmue c��ve�•ugc(in thc i�m��unt umt �ur:iu�n�i�ni _
<br /> , ' i .. thnt I.cndc� rcquircxl(��'��vided hy an insu rcr appruvcd hy lAiadcr i�tj�iin hic�►nns avuilnblc nn�f i�obtuincd. Norr�xvcr til►uli puy
<br /> , „4� tlic prcmiums rcqutrcd tu muintain nwngi►�c fn�uumcc h�effcct.or U�provfdc u lutit rc+crvc,until d:r rcyuiremcnt b,r mnrtt:�igc
<br /> -, :,--:_:��� in�uruncc cnds in ucrurJuncc�vith uny wriatcn u�rrec�ucnt bctwcc��Burruwcr and ltinacr i�r nppl irahlr luw.
<br /> 9. Ltspc�etfun. i..�nder�ir its ugcnt rnay•make reuu�nxble entrfr�u�+���und in�;gecti��ns i�f ihe Pruperty. Lender hl�till give _ _
<br /> 6arruwcr noticc at the time uf ar priar tn:an In�:pccUun sperifying rc;iti�+nublc ci�usc for thc iin�sectlun. _
<br /> ;x.�::r;;,.�'. 10. Condemnation.The pruceeds c�f any awurd or eluim tor damages. dircct or �nm+eyuentiul. in �unnectinn with any �
<br /> - = � � condcmnutian or uthcr takinR of uny part of thc Propeny,ur far canvcyuncc in licu of ccmdcmnatlan. arc hcrcby u.tixignc�f i�nd
<br /> shall be paid to L.ender.
<br /> -- In the event of u totat tulcin�of the Praperty.the proceeds shull be nppliecl ro the sums secured by this Securlty Instrument.
<br />-y����. whether or nnt then due.with any exce�s paid to Bnrrawer. In the event of u partial taking of the Propeny in which the fuir
<br /> market value af d�e Property immedintely before the tuking is equul to or 6reuter than the emount of the sums secured by this
<br /> =� Secudty In3trument immediatety before the taking. unless Harrower and Lender otherwise agree in writing, the sums secumal by
<br /> �;':,`�,it�_ this Security Instrument shall be reduced by the amount of the praceeds multiplieel by the foilowing t'raction: (n) the totul �
<br /> � s � amount of the sums secured immediately before the taking, divided by (b)the fa�r market value of tlic Property ImmediutelY�
<br />�'�"''"r�`� before the taking. Any balance ahall be p�id to Barrower. In the event of a partial takin8 of the Property m which the fair Cfl
<br /> -:_.Y.; ::.
<br /> ' �-`�_�n market velue of the Property immediatcly before the taking is less than the amount of the wms secured immediately before the �
<br /> --�.•� teking, unless Borrower and Lender othenvise agree in writing or unless applicable law dherwise provides.the proceeds shall �;
<br /> _=�.°<_•.,
<br /> ___ --° be applied to thc sums serumd by this Security Instrument whether or not the sums are thendue.
<br />-_=---- If the Property is abandoncd by Borro�ver,or if,after notice by [.ender to Borrower t6at the condemnor uffers to make an �
<br /> `�;�,,,�'�'� award or scttle a cluim for damages. 13�srrower falls to respond to Lender wlthin 30 days p r the date p e �o tp��e sums� �
<br /> •-=�.-�� lxnder is authodzed to collect and apply the proceeds,at its opdon,either to restoration or re air of the Pro rty
<br />_ ,Frr,�:�._ secure�f by this Security Insuument,whetheror not then due.
<br /> ;,,,;�,.., Unless Lender and Borrower otherwise agree in writing, any application of procads to principal shall not extend or}�i
<br /> ' � postpone the due date of the monthly payrnents referred to in paragraphs !pnd 2 or change the amount of such paymenu.
<br />_-r,- ;- 11.Borrower Not Released;Forbearance BY Lender Noi a Waiver. Extension caf the time for payment or madification
<br />-''` of amoetizstion of the sums secorad by this 5ecuriry Instrument granted by I.ender to any successor in interest of Borrawer shalt
<br /> ___.-____.� not aperate to release the liability o f t h e o dg in a l Borro w e r o r B o n o w e r's s u c c e ssors in interest.Lendershall not be required to
<br /> wmmence proceedings ag+unst eny successor:n interest or refuse to extend time for payment or other�vise modify amortizstlan
<br /> -=---�°"'°'"� of the sums secured by this Secunty Insdumcnt by reason of any demund made by the originat Borrower or Borrower's
<br /> � successors in interest. My fort�►rance by Lender in exercising any nght or remedy shall not be a waiver of or preclude the
<br /> exerclse of any r�ght or remedy.
<br /> -� 12. Successors aud Asslgns Bound;Joint and Several Liability;Co-signers. The covenants and agreements of this
<br /> , �_��; ��.�s � ��} ��l henc-fit tine successors and assigns of I.ender and Borrower. subject to the provisions of
<br /> — paragraph 17. �arcower's a�venants and'eg3'eemenu shall be joint and severat. My Burrawer wiw ax,-signs ttzis �curi:;
<br /> Instrument but does not execute the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey thut
<br /> Borrower's interest in the Propsrky under the tercns of this Security Instrument;(b) is not personally obligated to ay the sums
<br /> securod by this 5ecuri Iastniment;and <c)agre�s that L.ender and any other Borrower rney agrce to extend.modify,forbear or
<br /> make a��y a�o►►���o�w�th regard to the terms of this Security Instrument or the Note without that Borrower's coasent.
<br /> 13.Loan Charges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> end that law is finally interpreted so that the interest or other loan charges colletted or to be collected tnto n�n�°���e
<br /> loan exoeed the permitted limits.then:(a)any such loan charge shall be reduced by the emount necessaiy g
<br /> to the permitted limit; and(b)any sums already collected from Borrower which exceeded permltted Umiu�'+i���Te��LO
<br /> Borrawer. Lender may choose to make this refund by reducing the principal owed under the Note or byme���outlant
<br /> payment to Borrower. If a r�efund reduces princtpal. the reduction wfU be treuted as a partial prePay Y
<br /> prepayment charIIe under the Note.
<br /> 14.No4tces.Any notice to Borrower provided for in this Security Instrument shali be given by deliverin�it or by mailing
<br /> it by firsc class mail unless applicable law reyuires use of anoiher method.The notice shall bs directed to the Property Address
<br /> or any other address Borrower desi�,mata by notice to Lender. Any not�ce to Lender shall be given by first class mail w
<br /> Lender's addt�ess stated herein or any other uddress Lender designates by no6ce to Horrower.Any notice�rovtded for in this
<br /> Securlty Insuument shall be deemed to have been given to Borrower or I.ender when gtven as provided in tlus paragcaPh.
<br /> 15.GoveraIn� I.aw. Severability.This Security Inshument shali be gove�ned by federal law and the law of the
<br /> jurlsdiction in which the Propecty is locate�i. In the event that any provision or claus� of this Securiry Inst�ument or the Note ,
<br /> conflicts with applicable law.such confl ict shaU not affect other pr�visions of this Securiq Insuument or the Note which can ba
<br /> given effect without the oonflicting provision.To this end the pravisions of this Secvrity Instniment and the Nate sue dedared
<br /> to be severable. � of the Nate and of this Security Insuument•
<br /> 16.Borrower s Copy.Borrower sleall be given one oonformed copy of the 1'mperty or alry interest in it
<br /> 17.TrunsAer of the Property or a BeneIIda!Interest M Borrower.If all or any pa�t
<br /> Is sold or transfer�ed(or if a beneficial intet+esc in Borrower is sold or transferrmd and Bottower is not a natural person)witliout
<br /> Lender's prior wrttten consent, [.ender may,at its aption, require immediate payrRem in tull of di sums secureci by this
<br /> Securiry Insuument.However.this oprion shall not be exercised by I.ender if exe�cise�s prohibited by federnl law as of the date
<br /> of this Security Instrument.
<br /> If Le�td�r e�cenis�s this oPtion,Lender shall give Borrower norioe of acceleration.The nodce shall provide a peri o aot
<br /> less chai►30 da�s from the date the notice. is delivered or mailed �vitbin which Bomower mast pay aU sums secured bY this
<br /> gecurity Insmtment.If Borrower fails to pay these sums pr�or to the expiration of t6is period,Lender may invoke any reraedies , ,
<br /> psrmitted by this Security Instrument witlwut further nodce or demand on Bomower. .
<br /> 18. Bo�+ower's Rfght to Rein�stste• If Bomower meets certain conditions, Bocrower shall have We right to have
<br /> �' enforcement of this Security Iustnunent discontlnued at any dme prior to�ur�suiant to�an�S weyr of sale oontained this
<br /> appltcable law may specifY for rein5tatement) before sale of the Property p Y Po
<br /> Se�rity Insuument;or(b)entry of a judgcueut enforcing this Security Instrument.lhose eo�+,ditions are that Borrower:(a)pays
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