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<br /> P+�Y��"ry n�lon�cr be�luired�at the aption of l.ende�.iY mortlp�e inw�x oovua�c(in Ihe�tnount�nd fur the paiod ;'
<br /> tlt�t Lender nquina)provided by�a inwra�pprovod by L�der a�dn beooma+�vdlable and i�abWned. Bon�nwer�Fwp p�y
<br /> iho promiums nquirod ta mdnqio mo�tµqe inwr�noe in eFfec�.�pr�o pmvlde�loc�resavo.until the ra�uiremeet tor mo�tsy{e
<br /> iirunu�ce ad�In�aoord��oe witb�ny wripa�ajreeniaN batwan Borrower�nd i.endor ar Rpplis�bk uw.
<br /> !.in�pectloa. I.ender or ib qent rtyy nuko ro�ron�ble enMa�upon ud inspectiau oi tha Propaty. l�der dwll�iw
<br /> 8ormwer aotioa,u�he time oi or prlor to�n irtspectbn�pocifyin�re�sanwble eawa for tho impocdon.
<br /> tp. Cundem�nNon. The pro�roeds of iny award or cl�im for d�ea. diroct or wnaequentid, in cannectbn wi�h any
<br /> oondomiu►tion or aher Wcla�of rny p�tt of the PmpertY.ar for convey�noe in liw of eondann�tion�iue hereby wiYned�ad
<br /> �Wl be paid to L�a�der.
<br /> _� In�he event of o totd u�IcM�of�he Property.the procxedi rhall be aPplied to tho sums�ecurod by�hir Securky Instrument.
<br /> whether or not then due. wlth my osaea�pdd to Aormwer. In the event of a puU�l Wcing of the Property in whlch the fdr
<br /> muket v�lue of the Prope�ty immediotaly beforo tho taking is equwl ta or grcater than the ortwunt of the sum�secured by thi�
<br /> Security Inatrumen�immedietely beforo the uking.unleas Borrawer and Lender atherwlse agroe�n wrltin�,ehn cuma sacurod by
<br /> — this 3ecuNry Instniment shaN bo reducod by the amaunt af�he proc�eeds mulliptiod by the foltawiqg fr�ction: (a)thc total
<br /> anaunt of the sumo ssecurod lmmediately before the�akin$.divlded by(b)the fair market v�lue oi'�he Propeny immodiately
<br /> � bcforB thc tskiqg. Any balpnce shell bc paW ta Barrawer. In thc evewN of a partial tAking af�Fec� Flopehy in which tho f�ir
<br /> market valu�of tAe PropeAy inunadiately bcfore Ihe taking is less than Iho umount of the sums s�ured immodiately beforo the
<br /> t�king.unless Borrower and Lender otherwise agree in wniting ar unlesa applicable law othenvise provides,the proceode aholl
<br /> br applied ro the sumv securad by t6is Securiry Inst�ument whether or not Ihe sums ue then due.
<br /> If the.Property is ubwdoned by 8orrower,or!f.aHer notice by l.ender to Borrowcr tlwt the candemnor off'ers to make an
<br /> _,� awArd or settic a claim for dwnages. Borrower fails to respond to Lcnder wlthin 30 days aRer the date the notice is given.
<br /> - - - L�nder is aur�nrExed to collect end epply the praaeds,at its option.either to restoratio�or rcp�air of the Property or to the Rums
<br /> ��' ' sect�red by tF�is Secu�ity Inst�umcnt.whether or not then due.
<br /> Unleas Lender and Bc�rrower athenvise agree in writing. any application oi'praYeds to principal shAll nat extend or
<br />_ _ �+aatpone the due date of th�monthly paymems referred to in paragrnphs I and 2�r ch_i�ge the amount of such pa?lments. _
<br /> .-��s= 11.Barrt+wer Not Rdeased; Farbearance By Lender Not A WAiver.Extcroaiun of the time for payment or madification
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<br /> ...,.:t:t, of amonizution of the sums secured by this Security Instrument grante�l hy[.ender to any succeax�r in interest of Barrower�luill
<br /> �"�t not operate t��release the liability of the originel BoROwer or Borm���er's succes.9ars in intere.ct. 1.ender shall n�t t+e required t,� •
<br />_ � commence praceedings against any successor in inlerest or refuse ta extend time for payment or atherwise mociiY}�nmortiwtion _°
<br /> �=-��_,;�,%� of the sums secured by this Secu�ity lnstn�ment by �easan aP any demand made by the oripinal Borrower or Borrower's =
<br /> •- � �,.;�:�: successors in interest. Any forbearance hy Lendar in exercfaing any right or remedy shall not be a waiver oi or preclude the
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<br />�'f' �at�+'•�:�;�i�, excrcisc of u�y�ight or remedy.
<br /> - �'"�' ' 12. 9ucee�ucors add Asglgns Boua�l:Jolat ond Several Lipbflltyt Co-slgae�. Tha covenants and aRreements of this
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<br /> ; ��z • Security lnstn�ment shall bind and benefit the succe�cors und assigns of I.ender nnd Barrower, aubject tti� the provfsions of
<br /> ,}3�' paragraph 17. Borrower's covenants and agreementx shnll be joint nnd severul. Any Borrower who co-sigos �his Security
<br />-' Instrume�t but daes not execute the Note: (il) IS CO-tl nin thi� Secu�ity Instrument anly to mortgage. grant and convey thae
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<br /> - Borrower's ioterest in the Property under the terms of this Security Ins�rument;(b)is not pen.anully obligated to pny the suans
<br /> • � .r• secured by this Security Instrumenr,und�c)u¢recs that l.ender and any other BoRawer may agrec to extend, modify,fortka•r ur
<br /> � � ;;, meke any accommadntions with regard to the lerms�t�his 5ecurity Instniment or the Note withaut thal Borrower's consent.
<br /> ' ' 13.l.os�n Charges. If thc loan secured by Ihi�Szcurity Instrument is subject ta a law which aets meximum toan churges.
<br /> und thAt law is tinally intetpreted so that tfft imerest or other loan churges collected or to be collected in connection with the
<br /> �� loan exceed the pern�itted limits,then: (iit smy such laan rharge shall be rcduced by the amount necessary to reduce the charge
<br />=- , :,'+'`�.� • to the permitted limir,and(b)uny sums�lready callecteJ frum BaRawer which exceeded permiued limits will be rcfundod to -
<br /> Borrower. Lender may chaosc to make this rcfund by recluring the principul i�wcd undcr the Note or by making a direct _.
<br /> ,,,,. . . . . payment to Borrower. If u refund reduccs prinripal, thc redurti��n will be trrAted os a panial prepayment withnut any �
<br /> '�`'�''��,, " prepayment chaf�e undcr the NMe. �
<br /> a���- 14.Notkes.Any notice to&mower pmvided for in this Secu�ity fnstrument xiwll t+e given by delivering it or by muiling _
<br /> ,,r �,�� it by tirst clnss mail unles�upplicAble luw requires use of annther methexl.The�x�tice sholl fx directed to the Properly Addr+ess
<br /> ` ""'"'°' or any ather address Borrower degignutc� by notice to l.ender. Any notice W Ixnder shall be given by first cluss mail to
<br /> I� ' �.:,,.;;�..� i.ender's uddress stuted hcrein or any rnher uddress Lender de,ignate.by noticc to&�rn►wer. Any notice provided tor in this
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<br /> � c• ' Security Inctrumcnt sN311 tx:dcemed tu havc t►ecn given lo Borrowcr��r l.cnJcr when given as providcd n t i�paragru .
<br /> �y. ''��`'�� ' 15.Goveming Ls�w; Sevet�bU{ty. Thit Serurity Instrument tihall tx� g��vcmed by frdcrul law and the luw uf the
<br /> ��' ';;���� Jurisdiction in which �he Propeny is loc•rted. in th.;event thut uny pruvision or cluuu of thi. Security Instrument ur�he Nate -
<br />-� �, ;�;,,;.:: conpicl:t�vilh applicuble law,such contlirt tihall n�q uffect otik�pr�rvi.i�►m of thi�Security Instrumrrn or�he Note which run 6e !
<br /> �;yr=::, given effect whhom the contlicting provisinn. To this end thc pnwixiun�of thi�Security In.trument und the Nnte ure declared -
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<br /> : .�':`"''s'.:' I6.Bnrrower's Copy.&irrower ahull Ix given onc cunfim�x�d copy of the Notr und of thi.Security Instrument.
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