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<br /> S'�:3►g' � n, , ,
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<br /> .. 93- soRO�.s �
<br /> p�yment��nnqr rw►{on�e►ba taquirod.M the aptlon uf La�der.if mort��e inwnn�oe oovera�e lin the amount u�d tot the perlod
<br /> tlri t,ender nequir+e�)�►ovkbd by�n Insurer approvod by i.atdrr apin become�av�il�ble ud!�c�bsind. Borwwcr�b�ll p�y
<br /> tl�p�emirrar�ind W mrintdn maij+�e iaiuranoe In effect.or w provlde a lar reaerve,until the rAquBrea�ent tor moRt�e
<br /> irun�o0 aida la Mouoedria with my�rittan yreema�t batwoan 8orrowor aad Londec ar�pplic�bk law.
<br /> l..i�ello�.Le�da'ot�it�a�an pwy m�kc reawn�bk entria upon Md intpectiaa of the Propeety.L�eotLr�ull Sive
<br /> Bor�uwor notica�the ttme ot ar prlar w m intipoc�tion ipecifyin,�ra�n�bie cw�e for the iropection.
<br /> 10.CondemaMM�. Tho proeeedr ot any�ward ar cldm fur�a, dira�t or oonsoquentid. in connxtfon with�ny
<br /> aondemn�tion�x other ldciq{oi�uy prt of the Propetty.or far caaveyanoo in Ila of oadenuwtlon. �ro t�a�aby w�l�ned�nd
<br /> -- .�__.�._� sFadl be P+�tu Luder.
<br /> In the tvait of�toW W�in�af tho E'�upcny.the proaxed�shall 6e appliod to tho wms Rocurod by thf�Security leurumcnt.
<br /> whdher or not thcn due, with any exaw pwW to Bortnwer. in tho event oi a porti�l tskin�of�ha Property in which the fiir
<br /> marlcet v�luo of Ihe Propeny imtr�odi�tely beforc 1hc taking is equa!to or greater than Ihc amiwnt of tha sum��acurod by thi�
<br /> Security lnsuument immedi�tely beforo tho taking.unlcss Borrower an!I,ender athcrwise agroo in wrltinQ. tho wm�socu�al by
<br /> thix Security inurument s1�aU bc roducod by Ihe omaunt of thc pnueedr multiplied by thc follawln�fractian: (�)the wtel
<br /> �ut�ount of�he wms cocurod immodiatcly beforc the takiog, dividod by (b) tha fair madcet valuc af the Praperty immedi�iely
<br /> before tho toking. My balancc siwll bo �wid to Barrowe�. In tho evant of a partial taking of thc Property in whieh tt�Pt�r
<br /> muket v�luo of the Property immed�ately bcfore the takbg ia less than the amount of the sums sxured lmmedi�tely bcfaro the
<br /> wking. unles�Barrower and Lender ahcnvise agroe in writing or unicss applicable law othervvice provides,the procads rhWl
<br /> bo Applied to the sums secured by this Security inswment whethar ar nM the sums arc then due.
<br /> If the Property is abandoned by Borr�ower,o�iF.eher notice by Lender to Borrower that the ca�demnor ofkB to m�lce an
<br /> awud or adtle a claim for dunages. Borrower fails to �espand to L.ender within 3Q days uRer tha date the natice iN given.
<br /> � -- I.�r►der is authorized to caltect and apply the proceeds,at its optlon,either to restoratbn or rcpair of Ihe Property o�ta the waw
<br /> coaurad by this Serurity lns�niment.whethcr or not then due.
<br />�;� Unless Lender and Borrower otherwise agree in writing, any applicatbn of pra�ceds to pdncip�l shall na exttnd or
<br /> pastpone the due date of the monthly p�yments refemed ta 1n pnragraphs 1�nd 2 or chonge the amount of such paymenta.
<br /> r� of amortiuuion of the sums secured by this Security lnsirument gronted by I.ender to any succ�essor in interest of Barrower shail
<br /> not operate to relrase the linbility of the original Borrower ar Bortower's successor.i in interesE. Lender shall not be requircd to
<br /> __ � oommence proceedings against any suceessor in inlerest or refuse to extend time for payment or ochrrwise modify wnoAizAtion
<br /> of [he sums secured by this Security lnstrument by reason of any demend made by the ori�tinal Horcower or Borrower's
<br /> �,; successors in interest. Any forbearance by L.ender in exercising any r�ght or remedy sliall rat De a w�iver of ar preclude 1he
<br /> -�^�: exercise of any right or remady.
<br /> - - 13, S�.N�so�+s s��!!1 11�+zl�av R�w�nd; ./dat nnd Several LiabQity; Co-stgaers. The mvenants and agreements of this
<br /> ; Secudry Instrument sht+ll bind and benefi� the �;ucceavors and assigns of L.ender and Borrower, subject to the pruvisions of
<br /> patagraph 17. Horrower's covenants and agreements shall be joint and severnl. Any Borrower who co-signc this Security
<br /> °�i- Instn�meat but does not execute the Note: (a)is co-signing thi�Securiry Instrument only to mortgege,grant and convey that
<br /> - . ,� + � Borrower's interest in the Praperty under the terms of this Security Instrument; (b)is not personully obligs��od to pay the sums
<br />__ .. �'r•"••�� secured by this Security Ins�rument; and(r►ugrees�hat LenJer and uny other Borrower may s�ree to extend,modify, forbeu or
<br /> � r', make any accommodutions with regard tu the terms of this Security Instrument or the Note withou�that Borrower'�consent.
<br /> . t ,,; ,.+ 13.Loan Charges.if the loan securcd by this Securiry Instrument is suBj�c;:o a la�s�vhich uts maximum loas�charges,
<br />�, ;� enci that law is finully interpreted so thut thr interest or o�her laan churges collected or tu t+e collected in connection with the
<br /> ��"''""'"'� loan exee�d the permitted limits, then:(a)any such I�ian charge shull be reduced bp Ihe amount necessery to rcduce the chsuge
<br /> �. �-:-_�.-:-..,,,;��� -
<br /> �� � �`��'•',�'t+�� 'r.'. � ' to the permitted limii; und Ib) any tiums Alreudy rnllected from&+rrower which excecded permitted limits will be refunded to
<br />- '�"��" � Y� ` "�� '':.' Borrower. Lender ma ch�se to muke this refund b ralucin the nnci ul owed under the (W�te or b mt�kin a direct
<br /> ,'i .. Y Y R P � P Y � _
<br /> - payment to BOROWB�. If J rcfund reduces principal, the reduction will be t�ea�ed as a partiul prepuyment without any
<br />,+ � °s ,�; .y� ,,._,,, prepaytnent charge under thc Natc. °
<br /> } ��.. ` �f 1:�j-.�
<br />,� ��: i'c'- 14.Nollces. Any natice to Bu�rower provided for in�his Security Instrumcnt xhull he given by delivering it or by rrmiling =
<br /> ..r..:.
<br /> - ��•�^ -•- >•' it by first class mail unless upplicuble law reyuires u�e of lino�her method. The nnticc tihnll he directecl to the Property Address
<br /> ..,�..,r:�, H� _.
<br /> •`-' '- " � "' or any other uddrecs Bonowcr desi�nateti by notirc to L.enJer. Any nntire t�� I.rnder shull be given by firs� rluxs mail to _
<br /> . t ., ,<
<br />_.,� •r, " � Lender's address�taied herein or uny nther udJre+s l.ender Jcsignutes by notice tn&xrower. Any notice provided for in this
<br />_, �:s". � '�=��� ' Security Instrument shall be decmcd to huvc been given�o&�rrower or Lcndcr whrn�iven a�pruvided in this paragraph.
<br /> ' * �.'1�"'�'�"�. IS.Governing Law: Sevembility. This Sccurity Instrumcnt xhull bc g�wrrn�d by Icderul luw unci the luw of the _
<br />--_ �'',:,;,`�^�'''� jurisdiction in which the Property is locuted. In the event thut uny pruviai�m or cluuse ot'thi�5ecurity Insuument ur the Note
<br />-- ..i�;".,
<br /> ,yp,,,,�, rnntlicts with uppliceble law,such conflict shull nut affect other provitiion�uf�hi�Scrurity In.trumem ar the Niite which cun be _
<br /> +'!`- :'yg •� givcn effect without thc ccin0icting pruvision.Tc��hi�,cnd the provisions of thia Serurity Inurunknl und the Note urc declared
<br /> `�� �:..,'.�.' . ..5 to be severable.
<br /> �
<br /> . '�� 16.Borrower's Copy.&�rmwcr sh:�ll bc givcn onc cunfiirmcd copy oF thc Notc und of thiti S�:curity Instrument. -
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