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<br /> � lf Lender requirod mos�tg��e iiuurence aa a candilion of making the loan securcd by this Sec �. ---
<br /> •° Borrower shaJ!pay the premiums rcquired to maimain the insumnce in eflect until such time as the requirement i'or the ___
<br /> inwrance tea�minr�tcs i,a�ccocdaoce vrinh Bo�rower's and Lcnder's written agaement or upplicab�e taw. �;:3��-
<br /> �c,.��tio�, Lc+ad�rs a�cs q�euc may malce rtasonabte entries upon and inspectioas o6 thc Pccperay. I.endec { .�-:+i..:�_—
<br /> +. ' � a�aU give Bottower notice W tE�e time oFor prior to aee inspec�ion speciiying reasonabGe caase for tFee icespection. � y ;1�� �,���
<br /> ��`•��''' 'T~y . 9. Coademn�t(oa. 'D'k�e prceads of any awar�or c�aim for daroa�ges,direct or ca►seyuentea�,ice connectian wiuCe .``'� '., �,�.r�...,��c�:
<br /> = � '` any condemnation or other taking of any part of the Prope�ng.or fvr conveya�ce en Cien o�r ea�emnatic�n.Ane her+eb} ��"'�`�}�,� "`
<br /> •r���, ��AF:���-�
<br /> �-::.
<br /> ,,�:. ,. assigned and shall 6e peid to Lender. �'��
<br /> `'��,. Ia the event of a taal taking oP the Pruperty.tfie proceeds sCea[I be applied to the sums securcd by this Security ��.:.�..:�-�^_'.
<br /> ' Instrument.whether or not thcn due,with any cacess paid to Borrower.In the event oP a partial tA�cing oP the Propeny, �����=
<br /> unless Iionower and I.ender othenvise agree in writing.the sums secured by this Security lnatrument shall be reducad by ��
<br /> the amount of the praceed�multiplied by the fbllawing f�action:(a)the total umoum of the sums secu�ed immediately �;;i;��r,��;�;�.:
<br /> before thc taking,divided by(b)the Peir morkei value of the Property�mmediately bePore the t�king.Any belance shall be
<br /> � , _ p�id to Borrowcr. __— �
<br /> a ° '� . If'the PropeAy is ab�ndoned by BoROwer,or if.efter notire by l.ender to Barrower�hat�he condemnor offe�ta . _
<br /> • make a�award or seule a caim for damoges,Barrower fails to responJ��Lender within 30 duys aRer the da�c the natice iR :_���'"�
<br /> • • . �iven,Lender is auth�rized to callcct and apply the proreods,ut its option,eithcr ta ratorntion or repair oPthe Proparty or .,:��__-
<br /> � � ° 10 the��►m�+�ecured hy thiA Security In�trument,whether or nat then duc. �
<br /> ;� . . :. . • _.—.__
<br /> �" . • Unles�l�cnder rnd 8orrower otherwise agree in writing,anv applir.ation of prceeeds to principal ahall not exlend or �� �
<br /> . ,. . � � pastpe�ne�he due date oF the monthly payments referred�o in patagraphs 1 and 2 or rhange the amount of auch payments. ;��,;.:�
<br /> �' 10. BoROwer Not Releaed; Forbe�rnnce 8y 4nder Nat a Waiver. Extcnsian oP the time for payment or '�• �-��
<br /> , � '� ' madiflcatian of amartir.ation oi thc gums secured by this Security In�lrument granled by Lender to any succcssor in -"
<br /> ' inte�est of&�rrower shell not operute ta releASC Ihe IiebiUty of the original Borrower or Borrowcr's successors in intercst. --�� .- _ _ _
<br /> " Lender ahull not be rcquired ta commencc prceeedings against uny successor in interest or refusc to extcnd time for � •'�'`
<br /> paymen�or niherwisc m«lify amoniza�ion of the sums secured by this Security Instrument by reason of any demand madc °� '''• ��`
<br /> by the original Borrower or Borrower's successors in interest.Any forbea�ance by Lender in cxercising any right or remedy . , .� ,
<br /> ; { � shwll not be u waiver of or preclude the eaercise of any right or remedy. `
<br /> � Il. Succescon qnd As�tpne Bound�Joint smd Seve�l L(obility;Co-si�ers. The coveaants and agreements of N. �
<br /> �'
<br /> , � � this Security Inslrument snali bind and bene8t the auccessors end assigns oP l.end��r and 8orr�wer,subject to the provisions ,� �.*= �;'��
<br /> — uf parayeraph 17.Borrower's covenants a�d agreements ahall be joint aod several.Any Bonouet whv co•signs this Security 7�••� :'a�.. �
<br /> � Insl�umeot but does not execWe Ihe Note:(u)is co-si nin this Secunt lnsaument oni t�mor� a e, rant and w�nr � �� � "' `•
<br /> � � B 8 Y Y S@t 8 7 �;.'r::.:;� . +r
<br /> '� ° that Borrower's interest in�he Pro p en y under the terms of this Securi�y�Instrument;lb)is no��,�ersnqally obligated to�ty �'s'.i�•��' (�[;.
<br /> � -�r�" _.r;,��yr„' �r,
<br /> ,.,; . . I h e s u ms s e c ur e d b y this Securil y Inslrument;and(c)a grees tt►at I.ender and any other 8orro�•tr may aFr�e to exten d, �,G��y'�
<br /> �"•� modily.forbear ar make any uccommadalioaa with�egard�o the terms ol this Serurity Inst�umen�or th�Note without �•.,,., �p� " �,��
<br /> . . that Borrower'sconsent. � �,��',?'f,, ���1
<br /> '� • '�'�� , 12. Lopn Cho r gea. If the loan secured by this Security Iric�rument is subject to a Ipu�a•hich set4 maximum Icwn
<br /> � • � .'.�`. f�'`•'"' charges,end that law is flnally interpreted so that the interest �u other loan charges co l lect e d or to b e co l lec te d i�n �;; �t+?ti�` �,
<br /> . �!':`� �;,��'��.''•- r.onnection with the bun exceed the permiued limi�s, then,(a)pny such loun c'hprge shall be reduced My ihe amount "'�, •• :• ,
<br /> �' • .' ;'�`�:;�'��'.•.,,:•,�. neces.4ary to reduce the churge to the permitted liQn�t;and(b)any sums ulrendy collectrd from Bormwer which eaceeded ,; :;, ��,:•'.;?.- ,
<br /> � : . � ��,�1�'.•s permitted limits will be refunded to B.�rr.�wrr.Lender mny chonse to make this rcfund by reducing the principnl uwed �' � �• •'";�'�N
<br /> , � �•..�;�-,:: • under the Note ar by making u direct Favment tr Burrower.If�refund reduces rinci 1,thr reductian will be treated es a ' ��"���::i Y;°
<br /> P pa ,!,r���-
<br /> ' • � ' `�'�•= panial prepayment without any p���rayrnem charge unJer the Note. r •,C„>r`�,:}�;,`�
<br /> ' ''�.f�''�:`�� 13. I.egiolatian AReetinQ Len�P�'s I�d�A�. If ennctment or expiration aP npplicnbte laws has Ihe efl'ec1 of I� t`, .: "
<br /> � ` � '� •��".�:`";t; �endering any provision of Ihe hotK aP t�is Securit}�1n�UUment unenforceable uccording to its termz,Lencfer,nl its option, P
<br /> , e�5.,e,C...�:
<br /> ;;;,.•r�'�� ' ,�j;,;•:;';' may require immediale ppyment�n iull oi afl sums secured by thi.Security Instrument and may invoke any remedies ,,,�a->'i���'.:
<br /> �;;:•:��r �'. . : " ,.;;;;.�.�� permitted by pnragraph 19.If Lender eacrcises this option,Lender�haU toke the steps specified in the second ry�rpgraph of t � a•��rs..�,..:;.,;`',
<br /> . : ' � �•.��� ,i<� paragruph 1T. 1. �z� �,.��: :
<br /> �u,:','� ' ., '� " i S+'.;�• 14. Noticeg. An notice a��lorrawer rovided for in this Security Instrument tihall he given by delivering it or by '
<br /> :r�y.,..... Y P '�('}�)s;��`s�:�;;5�
<br /> ' '':' ��.;y ,°- � •� mailing it by Hru cluss m�il unlecc upplicublc law requires use of another method.The notice shall be directed to the 4 ,� +_�n�,,,i�� ;:
<br /> ' ' '��"�'•' • . �� Property Address or�ny other�d�tess Borrowcr designutes by notire to L,:ndec Any nutice to Lender�hal)be given by '''�"�:" , �� �'�'"�1''�
<br /> ,,,. . ,,�,�,,
<br /> . • •r�'"� first class mail to Lender'�uddress s�uted herein or ony rnher udJresti Lender designutec by noticc to Borrowcr.Any noticc . •�
<br /> : ; . . . ,�•; ,
<br /> �> `'''�':.�. provided for in this Securi�y Instrument qhull be deemed�o have been given to Borrow•e�a�l.rnder when given as provided } "'"���''')�;;'
<br /> •4�'�„ in this�aragraph. ` �;`. i;';�i�?;;
<br /> 1S. Governing I.aw;Seve�bi�ity. Thi�Security lnstrumen�tihall l►e go�erned h�fedcral law und the law of the '' '� "
<br /> � '�, �ti. ,''. •
<br /> . • jurisdictiun in which�he Propeny is fxatecl. In�he event that any pro�•i.�.m�•�clau�e��f this Security lmtrument or the .;�,�;,,�.•"�.
<br /> ; ;a�:;;. Note conflicls with upplicable law.such conflict shall not a�'ect othrr pr�n i�irm�P thi�5ecunt}�lnstrument or the Note •":�`,t';';:
<br /> �� t;.:..`� which cun be given eflect aithout the mnflicting provision.To�his�►id the�rovisi�m�of th��Seci�rit��instrument and the i . , .
<br /> •� ' ' � � ' Note are declured to be tievcrnble. � •� .
<br /> � • . . 16. Borrower's Copy. Borrow�r tihull t►e given ane rcmfi,rmed c��py��t'the N�te un�d of ihia Securitv Instrument. '' , , ��•��;r:, � �
<br /> � ' ' 17. Tmnster ot tNe Property or a BeneHcial lnterest In Horrnwer. If xU or any part of the Properry or any '
<br /> �`• inlerest in it�s sold or transferred(��r if n beneficiul in�crest in Bi�rr��wcr i���dJ ar�nm+ferred and Borrower is not n natural
<br /> �;rsnn)without Lcnder's pri��r arittcn consent,I.endcr muy,:n us�+puun,rcyuirr immeJiatr payment in full af all�ums . '
<br /> +ecured by th�r Serurity In�trument. Hoµever,thiti apuun shnll not tx rxerri�ed by Lender if rxercise i�pmhihitcd by
<br /> , feder�l law ac c�f che date c�f this Serurity Instrument.
<br /> !f Lender eaerciti�w Ih�ti��ptiim,Lendcr shall gn r Harmwcr nntirr af arrelrnwun.�fhc natirc�haU provide a permd
<br /> � ' uPnot le��than�Oday.frum t hedutr thc ni�pre i�dcli�ercd ur ma�lyd��nhm w•hich H��rr����•cr mu�t ra}•aU wmti�erured by
<br /> tht�Srrunty Instrumcnt.If Borro�•er fc+�ls tu puy th�yr+um�pnur ti��he rxprcuuan af thn prriod.Lcndcr may invnke uny
<br /> ' .._ ".._. •. . •• � - n ._:.. ■_.._..�_._....:�L....�f..��L..�....�.......�.1...«..��.I.�r�u.�����uv�r
<br /> -----... .. - � remrn�oFxrmiiieuvyia�,�c�wn� u�,��o�������..�.��.,.,.�N..��.. �,....................,..............._..
<br /> 18, Barrower's Right fo Relnstate. If Ilorr�iw•er m��ts rcrtuin candit�cm+. Harr�n�cr.hull hu�e Ihc right tci have
<br /> enforcrmem of this Scruri�y Inslrument Jisrontowcd nt uny umc priur tu�hc ranc�r of aa�'da}��(or wch uther pen��d As �
<br /> upplicuble lau•mn}�.pcYity fur rein+talemenl)hefi,re.ulc��f thc 1'ro�xrty rur.wrt�n•rn��.v;er ol',alr rantuincd in this
<br /> Security Instrumenc.���:4h�e�otrv of a judgment cntbrcing this S�cun�y In�crum�RC Tlna,r��mdiUunti are Ihot [iorrower•
<br /> •��•• (a)pays Lender at� �ur^s w•}ouh iQ���^v►ould be due under thic 5erucity Imcr�rnrer� ac:3 •:'he Note h at n�i uccekran�n
<br /> �� ,�.:,
<br /> ` occurred: !h)c�res an} d�tay:t n'P t�r.y �ekdr ro�enants or��ar��.'eneneti. f�M���+:�4[et�ea�s�K ia:.urr¢d m rnForcmg tl�i�
<br /> '`! Secuntq Irrsteuatenc.iReluding�,h�;t nryz �.m�te3!��.re�wnabf�atn�rnegi f�� artd fdt take..uch ucn�n us Lrndrr m:�y
<br /> '� reasonab{y requore e<�u�sure that the Voen of thts S�cunty Instrument, Lendrr's rightti in the Prciperty and Horrawer's
<br /> obligation to pay t&e sums secureci by thi� Serunty Instrument �hall rontinue unchunged. L�Fwn reim�atrment by
<br /> Borrower,this 5ecunty In�trument und the obligations secured hcrcby shull rcmum fully eflititive us if n��ucccleratiun hud
<br /> occurred.However,this nght ro reins�ote shull not apply in the cuse oCaccelrrutiun under p;sr:�gruphs 13 ur 17.
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