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<br /> �; • , If Lender requiral mort8a�e insur�nca as�aondidoa oi m�kin�the lan �ecurod by this 3ecunty nstrument, �},µ�,�_;'-._ ,
<br /> . :#� ,. , , Borrowe�ah�U psY the.Ix�jW.�is, t mainlain the iniur�nce in dFect umil�uch time a the�aluiranent far the -_-
<br /> fnsurana terminata in�oqqrd�noe��,o�a't snd Lender'�wriltcn�Qreement or�pplicsble I�w. •-.`�+�;��x.._ _ -
<br /> !. I�upedloa. .1�a1�k[a�i�t�yqM iYuY a�a�°Mbte rntria upon and inspectionc of the Property.La�der T
<br /> '. � �ull�ive Borrower notice altdathne oPorpeior to an inapection specitj�in6�n�ble cause for the inspectian. �°,,�-,��.
<br /> #° � 9. Co�duaa�doa. The procaed�of�ny eaard or clRim for dam�geA,direct or cansequentisl,in conextion wfth � �;,. .,.,�;.::
<br />� � any condemn�tian or other taking of any put of the Property�or for convay+�nce in lieu of condemn�tion,aro hereby . ��,���_,..�r�.:;,;:
<br /> = wi�ned�nd ahall be p�id to Lender. �:�.+� -�- _
<br /> .e a the sums secured by this Secudty "�:1r?�;w�;:;.=
<br /> � �, In the event oP A total taking of thc Property,the procoeda ehpll be�pplied .� _ , . `.?':,,_
<br /> ;, In�trument.whethar o�not then due,aith any excess paid to Borrower.ln tE�e event oia p�rti�l ta��ng oithe PropeAy. '•;= _
<br /> unless Borrower and I.ender otherwise��ee in w�itia6.t6e sume secured b�y tE�is S�c�►aty Instnunent�hall be raluced by `,,,;..-��'n ..a�°�' _
<br /> tfie amount d'tiie pnoceods mWtiplied by the fdb�ring Prnction:(e)i�to�t�tel 0�esau�e the taku�.Anyrbnlence hrll be p' ��':'� ^
<br /> besore tbe ta�king.divided by(b1 the fiir rouket value ot'i the PropertY Y t ;.'i_€;_'=.-��:
<br /> � paid to Borrower. � ����
<br /> ,.. � if the Praperty is ab�aadoned by Borrower.o�if,after notice by l.ender to Horrowe�tluia z9�e condemnor oN'en to _
<br /> �,�•.�. Borrower faib to respond to I.ender aithin 30 days s�iter the dste the nntice is � "��
<br /> �., ,�,�.�,�;`,,., ,i. m�Ice an awud or settle A claim Por du�Bes. :yo�
<br /> 2 '' gdven.La�dsr is authosizex!to wllaet and apply the procadt�at ita option,eithe�to ratoration or repai�of the Prope�ty or i ;.y��
<br /> � r�•.;..�,':;;'{��"�'�� '• to tbe�ums secured by this Security lnstrumen4 whether or not then due. ' . ...
<br /> � " Unlas i.ertder and Horrower othe�vise agra in wriNng,any app�icntio�of proceeds ta principai shall not extend or ,,dr,.�
<br /> „��,� ' poetpone the due dete of the monthly payments refettal to in p�ragraphs�and 2 ar cha�ge the aanount oP such payments. ' �<���'-
<br /> " 10. Barrower Not Rekaud; Forbeu�nce By I.eader Nwt a� V�d�er. Extension c+f uk� time for payment or _
<br /> modification oF emortization of the auma sxured by this Socurity Q�suume�t gronted by Lender lo any successor in � .. _
<br /> ; �� t� interest af Borrower shall not operate to releaee the li�bilily of the original BorraR�Yr oT Borrc+a�r's successors in intercst. ���
<br /> . ; Lender sheU not be rcquir�ed to commence proceai8n�s agr►ins� �nY $u�ce�o� d7a in��xrest or refuse to eartz�e�time Por
<br /> � " ' .;'•�;� .' payment or otherwise modi9y amortization af the aums secured by this Security lnstrument b,r•renson of any iiarnand made I
<br /> ''���. �• by the origirwl Borrower ar Borrower's succasors in interest.Any forbwrance by I.eader in txercising any right or remedy
<br /> ��'`:��i � � ��'�i;;' shall not be a aaiver of or�reclude the exercix of nnY riBht ar ranedy. �� ' � y�
<br /> � � '''�'•`t'�'•� 11. Succ�wr�aaa7 e1ai�Boasd:Joiat and Seural Ltabilityi Co-siQae�n. The cov�nants and t+grcements af; . • �• �. .
<br /> � . i,ii � !�
<br /> t; :�::: ''4'. .,,•'•,.':. thic Socurity Instrumen4 shaU bind and beneflt the successors and assigns of Lender and filorrower,subjxt t o the provisiona .
<br /> + , •. �� ,..�:r;%�'t � ...
<br /> �,,��,,�, ,� , oPparngra�h 17,Borrower s covenants and agreementa shelt be joint nud severa�.Ar��ar,osvtr�vho casigns thig�����y �,
<br /> ::,f..,,' Instrumen�d but does not exxute the Nox: (a)is casigning this Security In�trumtnt onJy to anertgage,grant and convey
<br /> �• that Borrower's interest in the Property under the terms of this Security]�nstrumKnt;(t+)1s nat prrsonully obligated to pao� • �
<br /> 1he sums secured by this Sacurity Instrnment;and(c)agrees that Lender and any other Borrower may agr¢e to extend. �
<br /> � • modify,forbear or make uny wccommodations with regard to the terms of this Security lnstrument or thY:�ote a+ithoua 1�
<br /> , th�t Borrower'sconscnt. �
<br /> 12, i,wn Charae�, lf the loan secured by this Sccurity lnstrument is xubject io a law which se�s mAxi mum loan � �
<br /> � �, charga, and that law is finally int��rpreted so that the interest or o�her loan charga cnll�cted or to be colkcted in
<br /> ' %,� connection with the loan e�ceed tfie �rmiuod limits. then:(a) any such loan charge sh3ll be rRduced by the amount
<br /> ''+;, necessary to rcduce the churge to the permiued limit;and(b)eny sums alresdy collected from Aurrower which exceeded
<br /> •!� permitted limita will be rel'unded to Borrower. Lender may choose co make this refund by reducing the principal owed
<br /> ' under the Note or by making a dircet payment to Borrower.IPa refund rcduces principal.the reduction wi 0 be treatod as a i
<br /> partial prepayment without any prcpayment charge under the Note.
<br /> 13. Le�rlatioa ABecUng Lender's Itig6te. If enactment or expiration of applicnble laws has the efi'ect of
<br /> rendering any provision of the Note or this Saurity Instrument unenPorceable according ta its terms,Lender,at its option,
<br /> may require immediate payment in fufl of ull sums secured by this Security Instrument and may invoke any rcmedies 1
<br /> permitted by paragraph 19.IiLender exercises this option,Lender shall take the steps spoci8ed in the second rnragraph nf
<br /> : ' purag�aph 11.
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<br /> � � , 14. Notices. Any notice to Bonower provided for�n this Secunty Instrum�nt shuN be Qiven by delivering i!or by
<br /> ' t: mailing it by first class mail unlesa u�plicable Inw requires use of uno�her method. The notice shs�ll be directed to the
<br /> - •�i, �� Prupeny Address or any other address Bortower designates by notice to I.ender. Any nutice ta Lendcr shall be given by�
<br /> ' flrst class meil to l.ender's t►ddres4 stattd herein or any other address Lender designntrs by no�ice to Borrc�wer.Any notice
<br /> •����,' provided for in this Security]nstrument shall be deemed to have been give�to Borrnwtr or L.ender whan giti en as provided
<br /> ����`� in this paragraph.
<br />' � � ' 15.. Governing Law;Sevenbillty. This Security Instrument shall t�governcd b�•�eucrul lAw and the law of thr
<br /> , � jurisdiction in which the Property is located.In the event that uny prnvis�on or clause of tfiis Secunty Instrummt or th�z
<br /> ' � i ' Note wnflicts with upplicable Iaw,such conflict shall not affect oth�r�pTr�isions of this Se.:untc Instrument or the Note
<br /> ahich can be givcn effect without the canflicting provision. To this end the rravisions of this Security Instra�ment and th�
<br /> Note ere declared to be severable.
<br /> • ` 16. Borrower's Copy. Borrower shall he given one conformed cop}o'P t1:e Note and of this Securily Inst-ument.
<br /> 17. Transter ot the Property or a Bene8cial Interest in Borrower. 1:''nN or un�• pn�rt oP the Propeny or o�n�:
<br /> interest in i�is sold ar transkrred(o�i(a hene8cial interest in Hormw•er is sofd nr ttar+strrrec7 an�1&�rrower is m�t n na�ura,
<br /> person)without Lender's prior wntten consent,Lendrr may.at h,opnon.Ytqu�re+mr�tdia•ir Fayment�n fu0 i�f aU sums
<br /> � ' secured by this Secuntp Instrumenl. However,this i�ption rhull not F�e�err�sed h!% Leatl�er iP exrrcise is prohibued by
<br /> federal law u of the date af�his Secunty Instrument.
<br /> If Lertder eaercises this opuon.Lender shall g��•e Borrower notice of rrcelerauon.The notice+hall prw•ide a penixi
<br /> of not less than 30 days from Ihe da�e the notice�s delivered or ae�e:ecf wnh�n which&�rrower must pay all+ums,ctiured!+�
<br /> .��cr....:�..twc�n��nf tf w,rrower fads to nav these sums pnor t�the rxpiratwn i�f this penixl.l.ender may invokc�ny
<br /> I ....., ......, ..._.._..__.-- --- • -
<br /> rcme�ies permrtted by lhis Secunty Instrument without furt her noucc i�r dem�nd un tlurrawer.
<br /> 18.Borrower's Right fo Reinst�te. If Botcower meets certain�unditiom,&�rrowrr+hull ha�e the nght 1u ha�e
<br /> Ienforcema�t of th�s Secunty Instrument d�scon�mued�t any�ime pnor�o thr earGer uE Ia1 5 dayti(ur.uch�Kher�nad�s
<br /> 1 epplkaQrEe law muy spec�fy for ranstvtemem)bef�re sak ot tMe Properly pursuant tc�any power ut'w!e conw�ned m th��
<br /> Secunty Instrument;or(b)entry ot��udgment enforc�ng th�s Socunty{mtrument.Thin�cond�uom are that Burrowrr
<br /> (a) pays Lender•rll sums whirh thtn would be due under thc3 Secunty lostrument and �he '.Vote had no accelerauun
<br /> cecurted;(b)cures any defuult of any uther covenants ar agreemrnts: lcl pays a�� exlxme►en�urred tn enfittrmg Ih�s
<br /> Secunty Instrument,includmg,but not I�mued to.reasonable attorneys'fea; and Id)�aAes�u.h acccue a� L.ender may
<br /> rraSOnaDiy requirc tn assurc that the hea of this Se�:unry Instrumen6 Lender's nghts�n cfu Propeny and &xrower's
<br /> , oblcgs►cion to pay the sums u�ured by this Serunty Instrument tihall contmue u�u:h:ynged. Upon reiastatement by
<br /> Botrower,th�s Secunty Instrument and theobl�gaUons secured hereby shall rernam futly e(Ye�:�ive as d no acccleratwn had
<br /> oocurred.However,this ngh�to rcinstate slull not spply in the wse ot acceleratian under��;u�agrapli513 or l 7.
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