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<br /> pqpMtMS m�y no lo�er be toquirod�a the optlon uf La�der.if mon��e inwnnoe cuve�e(in the arrwuat md ter the perlod
<br /> dW L�fld!!f ,1�OyUIIm)p1i0YWOd�t N I11Wt�A�N+OVOd�I.lfldlr yain beoane��vdl�ble a�d i�obuined. Honower�ll pay
<br /> tb�pnodum�taqulrod W mdnain mort�e In�ur�noe in dtxt�ar W Qrovide�low��aerva�uetil the requir�anant for a�o�tpp
<br /> �em4 In a000ed�r�e witb�ny wrlaai�ew+ent bawaen DoROwe��ad t.awlar or�ppliabb Irw.
<br /> !. Wprdlod�l.ader or iu y�eat any m�ka ronwiNbb entrla upan md inpxtian of the Pmpaity.l.endee�inll{iw
<br /> Hot[owes notloe at Iho time ot or prlor w an in�pectlon spxifyin�ne�on�l�le cMUe for the in�pection.
<br /> 10� Cood�seylw�. The pronoods of any aarud or cldm for danyes,diract or ooniequa�ti�l. !n oonnxtlon wlth�ny
<br /> oondpnn�don or qher takin�oi�ay prt of the Property.or for oouvey�aae ie Iku At condmuution.aro had�y wi�ned�od
<br /> - ��—�—� �ull bo p�W ta 1„etider.
<br /> ln the avau of�toW nlcin�of the Property.t6o proceai�:hall6e�ppliod to�ha�uma securod by thi�3acudty Instnuna�t�
<br /> whetNer or not ti�en due. wlth any exoaa p�id w Borruwer. In the event of o partiol t�kin�of the P�erty in which�he fdr
<br /> rtudcet vAlue of tho Property Immediately boforo the�aking is eq�wl w or gn�ur than ihe anwunt of the wimr securod by 1hi�
<br /> Security in�t�ument immediatcly bcforo the tAkinQ.unless Bormwer and lRa�der otherw�se�roe in wr1U�.the s�nn�securod by
<br /> - thi� Securiry Lwrwce�t ehail be reduood by tAe amount of the pmoeeds muNiplied by tho folbwiag fraclia►: (a) 1ho toW
<br /> anawit af the sums soarcad imnnodiAtely before the takiog.dividod Ay lb) 1ho fair nwrlcet v�luc ot'�e f'ropaty iaunodiately
<br /> beforo tho Giking. MX b�lance sl�ll be paid ta Bomower. In tha cvent of a partial t�idng af the�Prapetk�r in wb�id�tha Guir
<br /> morlcet value of tho Propaty iaumdi�tely befao the tpki+ng as less 11w►tGe amouat of tbe suaas r�in�a9x�ibetom tho
<br /> tdanR.u�+tess'ta�rowu�ud LeMer otherwiee s�rrx in a�u9�g ur unless�liaiblo law otherwlae�rox�ide�.the pnoceed4 shwU
<br /> ba�IiocJ w ahc Auaas secured b�r this Socu�i�!,•�4nnsancment w�r,Qiier ar nat�6e sua�s+�u+e tlien d�e.
<br /> - -- IP the!'�s►�rty�s'a0�t�ooed hy 8a�taR•�r,or b6,u6�n�aeice a7p Lea�r to 8at+o�w�er tha7 Uhe cademnor oBera w n�ke an
<br /> -- --- --= Aw�M ar settle.a�caw9m far tlamq;�.w. �ftowe7 �a3aA F��s�pOld tA Le11dC� within 30 daye atter the date the notice i�glven.
<br />''':���""''�'''� I.ender is authori�xcf ta collect and apply the proceal�,at its optfon.eithar to reswrrtion or repair of the Property or w tha w�rw
<br /> ���`�i �acurod by thia Sacurlry Insuument.whether or nat then due.
<br />''' Unless Lender and Burrower othervvise agroa in wrlting, any applicatbn of prooeods to pdncipol sFull not eatond or
<br />- poupono the due date af the mon�hly payments mferrod to in paragraphs I and 2 or ctwnge tha amount of such paymcnts.
<br />;;;r il. Bon+nwer Not Rdwedi Fa�baranca By I,endn'Nat�Wniver. Lxtcnsion of the time far p�yment or modiflcatbn
<br /> of anoni7ntian of the sartw secured by this Secudty Instrument�rantod by l.cnder to any suceescor in intercst oi Bon+nwM rhWl
<br /> not operate w rciwsc tfie IiAbility of�hc originol Borruwcr or Borrower's:ucccssors in interost. L.cnder shAli not bc requir+ad to
<br /> - oammena proceodin�s�ulnw ony wcvescor in intererl ar rcfuse to extend Nme for paym�mt or wherwl�e modify�rt�ortl�tian
<br /> - of Iha wms iecurod by thia Savrity In�trument by rca�on oP nny dcmrnd made by the orf�inol Bormwer or Borrower's
<br /> woceswrs in interest. Any forbcrru�ce by I.ender in eKercisioQ any ri�ht or rcmedy eiwll na be p w�iver of or proclude liw
<br />=- exerci�e of iu►y dght or remedy.
<br />-- l2. 8uoo�on�dd Ar�ig� 8our�tit Jolnt �td aev�at i.�bSlliyi��• T!w covctsussc u�d qgrccsncnts af this
<br />.��, Sav�ity i�uument sh�ll bind and benefit the successors end assignc of Lender ond Borrower. wb)oct to tha pravisions of
<br /> par�groph 17. Borrower's caovenants and agroements shall be joint and s�veral. Any Bomawer wha casigns thie Secudty
<br /> bwrument but daes not cxocute the Note: (a) is co-sigoing �his Seru�ity Insuumrnt only to mongage. grant and oonvey that
<br />-*� , Borrowar':intenst in the Property under the tertns af this Security Instrumem:(b)is not personally obligatod to pay the sumc
<br /> • saurod by this Sacuriry Ins�rument:and(c)agrees�hat Lender end any other Borrower may agree to eatend, madify,forbear or
<br /> mdce any accommodotions wlth rega�d to the terms of this Sccu�ty Inslrument or the Nae without that Borrower's consenc.
<br /> 13. Loan Cdprges.[f�ha loan secumd by this Security Instrument is subject to a lew which sets maaimum loan chargts.
<br /> ord tlwt iaw is{inally interpreted so that the interest or other losin charges oollected or to be rnllected in oonnection with the -
<br />-- � lan eaceed the permitted limils.then: (a)any such lo�n charge shall be recfuced by the Amount naxssary to roduca tho chugo -
<br />;};;, ';y;,�,, to the permftted limlt; and (b)uny sums already collectod from Borrower which exceeded pem►ittod limits will be refunded to
<br />;°,;,.� �+�y,{• Borrower. L.ender may choose to make Ihis refund by reducing the pdncipal owed under the Note or by making a direct
<br />"�;: f:,�• ��°• �yn�eut to Horrower. if a rcfund nxtuces principal, the reduclion will be lreatexl as a µutlal prepayment without any -
<br /> � ' " prepayment charge under the Note.
<br /> . 1,�:,;�4:;;'- 14. Notices.Any notice to Borrower provided for in this Socuriry Instrument shall be given by delivering it or by majling
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<br />- • `• ° ���; it by first class mail unless appiicnble law requires use of another method.The notice shall be directed to Ihe Property Address
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<br /> �' ,,ij, or any other address Borrower designates by notice to l.ender. Any ndice to Lender sh�ll be given by fitst class mail to
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<br /> _�:�• , ��� Len�ier s address stxted i�erein or any othcr uddress lxnder desigrwtes by naice to Borrower. Any noticc provlde�tor in this
<br /> - �a^ ' ''�'r' Savrity Instrument shall be deErned to have been given to Borcower or I.ender when given as provlded in this psuagrAph.
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<br />..';�, .."�.�`��':~�``�..'��;;t� 15. Governing i.pw; Se�•embility. This Securiry Instrument shall be governed by fedcral law and lhe law of the
<br /> - '��.� :.�;':;�.� judsdiction in which the Property is located. in the event that any provision or clause of lhis Security Instrument or the Note
<br /> "f.� 'z ��`���' rnnflicts with a licable law,auch rnnflict shall not affect othe�provisions c�f this Securiry Instrument or the Note which can be
<br /> Ao�brb.',.-. ;�'� Pp
<br /> '?*`' :s=: ;.^�• given effec�wfthout the confiicting provision. To this end the provisions of this Socurity Inswmenl and the Note are declared
<br /> ' • .d�.. � ' to bc scvereble.
<br /> ��t' ' 16.Horrower's Copy.Borrower shell be given one con(om�ed rnpy of the Note nnd of this Security Instrument.
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