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<br /> ,. ,,,,4,;,,,.,�: .... If l.endsr roquired monQs�e insurance as a oondition ai malcin�the lan iecurad by this Sectulfy lnurument.
<br /> . , ',, Borrowcr shall p�y the premiums required to nuinuun the insurance in ell'ect umil such�im�u the requirement far tbe __ _
<br /> •.�.p�'',�;�,�t;;, iowrance tennimua in accordtnr.e with Borrower's utd Lmder's written��rammt or applicable I�w.
<br /> ,__,,,.,, 4:', �. lapetdo�. l.eeder ar it:��em m�y a►�Ice re�sonable entria upan and inipoclions of the PropertY. L�ender
<br /> , ,� ��+;.�,; •,; shdl�ive Borrower noticeRt thr time ofor prior�o An i�apcctia��pecify�ng reaso�uble cause for the inspeelian. e_- --�--�---_:-
<br /> ��-^-.•:'' •. q� Coiier�uqo�, The proceods ai any awud or cldm fa�dam�ges,diroct or consequential,in connection with
<br /> : ,1,, • �ny eondemastion or a�her b{cin�of�ny psn of'the Property, or for oonveyance in lieu of con�nnslion,ue bereby �
<br /> �tsitned and sh�ll be paid to Lender.
<br />�„t,,�� , ,;,: ... �"• ' lo the evrnt of s totd takinQ of the Property. the proceeds shsll be�pplied to the sums�ecured by this Secu�ity
<br /> . .o �.:,, ,�,
<br /> �+��} � ' � Instrument,whether or not theen due.with any e:cas paid to Harrower.ln Ihe event of a partial takfng of the Praperty.
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<br />��'�y'` unless Borrower�nd I.ender otherwise sgra in writing,the sums secured by this Securiry lnstn�ment shall be roduoed by ^
<br />��'`��' � ' the amount of the proceeds multiplied by the follo�ring fraction: (a)the tut�l �mount of the sums iecurod immedi�tely =
<br />��� �r.�z�.,�=-_
<br /> ;� '; befon tha ukin�,divided Dy @)t6o fiir nurlcct ralue d'the Property immedi�/ely beto�e the tRkin�.Any bal�nce shdl be �11i�,,;�,-�--
<br /> .;i;� � .. p�to Borroaer.
<br />'•':"'•;} If tbe Property i�al�anda+ed bY�o�rower�ar ef.atter sc�i+oe by Lender ta Borrower th�t Ihe candemnor o1�e�s to
<br /> ,,.,.,,..,
<br /> •---� ' � make ea award or stttEs n cReiee fos cRe.�ges.Hbrccrirer feits co cespoeed co Lender within 30 days dtu the d�te the notice is c----
<br /> ,. _ �^. r- - , �iven.l.ender is�uthoriud to colket and apply the prKxeods.at ics opcioa eetAer to ratontion or rep�ir of tbe YROpertr or
<br /> � : ,.,:�;�;��,� _ to the tunu�ecured Qy tltia Security Instrumrnt,w hether or not ihea duoe.
<br /> '�i�f Unkss I,eode�aod Borcower otherwise�gra in writin�,an�p p�pp�►ci�o►t of'proceedi to princip�l shall amt exeeeed Qr -. -----------
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<br /> :% ���r r���.,�• po�tpoee the due date of'tlu mootWy p�ymrnts referred to in pa�ra�hs 1 and 2 or changt t6e amount of such paymmts.
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<br /> �•:'� •• 10. Borrower Nut Relered;Forbearu�e By l.eader l�iot• Wd�er. Eatmsion of the time Por payment or
<br /> � �^ modi8cstion oP amorCvatiao of tbe sums secured by this Security lnatrument granted by Lender to any successor in =__
<br /> `"; � .. '� intenst of Borrower sh�U not oper�ee to relesse the liability of'the original Borrower or Borrower's suceacors in ioteres�. r
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<br /> l,��>' • , 6' Lender shdl nw be roquued to commence proceedings against �ny succasor in interat or ref'use to extend time for
<br /> • payment orothawise modify amorti7ation of the sums secured by Ihis Securi�y lnstrument by reason of sny demand made �'�'�`--
<br /> ° , by the ori�insl Borrower or Horr�we�r's successon in interat.Any torbearance by Lenda�in exercisin��ny riaht or remedy _______
<br /> � ` �all oot be a wdverof or proclude a?re e lercise of any right or remedy. �"°�°
<br /> . ,. . � . • 11. Sncceaors snd Msi�m �ouiidi Jolnt�d Se�enl Li�611ity;Co-ti�en. The rnvenantt and sgrcemmts of �i..'..�'�;-�'���
<br /> � tha Security lnstruman sh�ll bind and benefit the suce�ssors uid auignsof Lender and Borrower,subject to the provisions "
<br /> • � �• of pangraph 17.Borrower's coven�ats and agrameaes shall be joint and ieveral.Any Borrower who co-:igns thia Security W
<br /> -_ �-- Inftrumeni bui dcias iii,i ezecute il��1aic:(a)is co-s:g:sing tl�is�tcur':sy!rsl�umcnl only to mortgage.grant and conveY �t`1�'�+Y:;`=-� -
<br /> � th�t Bornawer's interest in the P� rtv under the terms of this Security Ins�rument;(b)is�eoi�,erson�lly obligated to poy �+*- °�•--.�
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<br /> •,:;':�ti , . �,�+ ;; the sums secured by this Security losuument;and(c)agrea thac I.eeder and any othe�Borrre•r,may ogra to extend,
<br /> �rl ah'...
<br />,;;'.:,,,. �.� ,;:;�•�, � modify,forbeu or msike any accommoda[ions with regard to tP�e�erms of this Secunty Inaa�u�nent or the Note without ��•_-=-��
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<br />.: �. ,� �c•�;• ; � Imil BOITOWC��SCOIIStOt. J',;:'�: '+r'�•',-�
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<br /> . �, ,, . "�n� `���. !2. La�n C�r�es. IP the loan secured by tfiaas Security ]nstrumem ia subjxt to a law whi�h sets a�aximum loan �;�:�:,�,,,,":�, ,,,_�,�,�.R
<br />'��l� ' � . �'r, c?�atges, and that law is Bnrll mce reted so that the inter¢st or other loan chArges collected or 10 6e collected in °� l��:t�•'"'� "�'�-
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<br /> � .1,•-:.�:., connection with the loan exceod the permi[ted limits, then:(a) any such loan cherge shall!�reduced by the amau�t , •�i;,_;y�r_
<br /> ' � ' '���''�`+�� necessary to reduce the charge to the permitted limit;and�iD)any sums already collectod fram 8orrower which excaded �.•��•.�•�-+'
<br /> " �1,•�ti,};� -ln;�;��:r.:.
<br /> , permitted limils will be refunded to Borrower.Lender may choaae to make this refund by reducing the principal owed .
<br /> . .. under the Note or by mrking a direct payment to Bonower.If a refund reduces principal,the reduction will be treated su a ___-�_-
<br /> � .•,;-. ,;, . •"c,:�s�;=�:-:_
<br /> partial prepayment without any prepayment charge under the Ne�tt.
<br /> `'•� ' `(.`:� 18. I.e�bdon ARectina Leader'� RIQ6ta. lf enactrnmt or expiration of applicable laws hes the effcet of • �
<br /> ��.; � •,;. :.� � -
<br /> � ''! � •'"``"�' l( i��I�;}; renderi�g o�y provision of the Note or this Secunty Instrummt uc�enforceable according ta�ts terms,Lender,at its option, .
<br /> • � ',• r;;.,
<br />` „�;;,. • Syi;'". ��,:`}tt��� , may require immediate payment in full af ull sums secured by thi� Securny Ins�rument and may invoke any remed�es
<br />�"':i� • ;:�'�l; ':�� ., �,'.;.. pernnitttd by paragrap�]4.if i.ender eaercises this option, Lmdershall take the steps specified�n thesecond paragraph of ��,:,�,�,� _
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<br /> � • a . � �, para�mph 17. s � = ,t-=-
<br /> "� r'� ., • �(��:�.; 14. T1oHces. Any notia la Borrower provided for in this Secunty lnsirument shall be given by delivering it or by �''`' �. •'i`
<br />•'.'�-' '''' �`'�• mtilin g it b y first class mai!unles.s applicable law requires use uf ano�her me�hod. The nonce shall be dirccted to the ! ' ' ',t {:
<br /> � ,i ., 3 •''%��ii.,r� :tf�
<br /> P r o p e t t y A d d r e s s o r a n y o t h e r a d d r e s s�o r r a w e r d e si gnata b y nolice�o Len der. Any nut�ce t o L.e n de r s h a l l b e g i v e n b y ;• •�W.;��;�;:.�?�r:
<br /> '''�� tirst class mail to l.ender's address stated herein or any other address Lender designates by no�ice to Borrower.Any notice ' ";�{;y,��.-
<br /> � provided for in this Secunry Instrument shall be damed to have been givm to 8orrower or Lender when given as provided '-"��•
<br /> .,..� :
<br /> , � • in this par�raph. � "-
<br /> , • �,,.. 1S. G�erning law;Se�enbility. This Security InstruQnmt shnll be governed by federal IAw and the law of the
<br /> �;�::'�. . jurisdiction in which the Propem•is located.In the event that Any provision or clause of this Secunty Instrument or�he
<br /> ';,�+, ;f�� • Note conflicts with applicable law. such conHic�shall not alfeca other provisions of this Secunty Instrument or the Nmte
<br /> +:•�;:; �, ��`''�• • • which can be given efi'ect wi�hout the conflicung provision. To thn end the prc�v�s�ons of this Se�unty Instrument and the
<br /> �. 1„; i':':•..:'f•�
<br /> ,;`r`��� Note are dxlared to be severablr.
<br /> .,,,t�; • :�h:�':•. �
<br /> ,..,. , 16. Borrower s Cop)•. �onower shall be g�ven une con farmrd cc�py of the Note and of this Security Instrument.
<br />�. � ' , ,<��s','�,� l�. Tru��fer ot the Proper�y or a BeneHciwl Interest i�Borrower. If�II or any part of the Property or any '�•�
<br /> � •���;,;�,� interest in it ts sold or vansferred f.r if A beneHcial interest in B�rrow�er it�old or�ransferred ua d Borrower is not a natuRai . �;: .
<br /> petsot�D without Lender's prior wrinen cunsem,Lender ma}.aa tts optwn,reqwre immed�are�ayment in ful)of all saor�ns � t'i�• '•
<br /> � secaored b}•this Secunry Instrument.However, zh�ti o�+zit��o sha�!not be exerrised by l.ender�deMerci:ie is�rmbibited by i
<br /> . �'ecBeral�aw as of the ci�te of this 5ecunty Inst rumeni
<br /> ' Aff Lender exercises this opuon,Lender shal(grve Bc�rrewer noe�ce of acceleration.The naice aPoaCi�e�a�y�de a penod
<br /> of noa Res.•�han 30 deys from�he date the notice i�dehvered or:re�ded w•nh�n w•hich Bnrrower must pay aEI as�c�ns setar�u M�y
<br /> this Serunty Instrument.{f Borrower fails ta pay these sums pr:.:r�o t he expirahan of th�c penal.Lender�nay invn4e arcy
<br /> ' .. d r.n�diec nermieted bv this Secuntv Instrument v►uhout fur�her nauce ur demand un Borrower .
<br /> r • ! � 18.Borrowv"s Right to Reinstate. If Borrow�er meets certa�n condu�ons,Borroaer st�at[have tne ngnt to nave
<br /> . ' � ± enforcement of th�a Secunty Instrument discontmued ze any ume pnor i���he�arl�er of.(al S dayti tar s�ck other penod as .
<br /> ' appliabk taw may specify for rems�atementl before tiak�lehe Propeny pursuant to any �wer of sale contamed in th�s .
<br /> � � Secuney Ins�rurt�ent,or(b)mtry of a�udgrtient enforcmg rhrti Secur�ty Imirument Tho+e condmons are that Borrower: ;
<br /> ' ,' ' (a) pays Ltnder :ll sums wh�rh then would be due under rh�s Securn� In�trument and �he Note had no acceleration
<br /> � occurrcQ:(hl cures any default of any other co�enants ar agreements. (c1 pay� all expense� incuned in enforcmg th�s
<br /> , � Secuney Instrument. includmg,but not limued �o. reasonable attorney�' feeti,and Id)takn+uch act�on as Lender may
<br /> • reasonably requ�re t�assure that the lien of�h�s 5ecunty Instrumem, Lender'c nghts in the Prapeny and Borrower'�
<br /> . ' obligat�an te pay the sums secured by th�s Secunty Instrument tihall conunue unchanged. l.'{+on remstatement by
<br /> Borrower,this Secunty Instrument and the obligauons�ured hereb�•shall remam fully effecl�ve as�f no acceleratron had
<br /> ��'' '� � aecurrcd.However,this nght ta rems�ate ehall not apply m the case of acceleration under�ragraphs 13 or 17.
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