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<br /> payment�m�y na lanaer be�+equirod,�1�ho option of I.ender.it mat��o inwuna�coven�e(in amoua�t�d or� period
<br /> thu l.ende� roquina)provided by ao in�u�rr rpproved by l.ender qain baxxne�av�il�ble arw!i■obuined.Bo�owu d�l�MY
<br /> tha premiums nqufrod w milntaEa moRa�o iatur�ncc in elfhcx,or to pmvide�laa ee�erve.uat11 tho raquirert�nt for ma�t�e
<br /> iawance a�ds in�000rd�noe with any wrltta�a�roerna�t betwebn�lotrower and l.ender w�pplic�Me law.
<br /> !. I�ppdioa.Lender or its�ent may m�ke ra�wn�bke entda upon�nd inrpeMiais of the Pruperty.Lenda'�bdl�iva
<br /> Bo�mwa notioe u the time oi or prior to an tnspection�pacifyin�rawn�ble cause for the incpection.
<br /> 10. Condaantlina. The procads af�ny awud or claim for dama�e:, dlroct or�onsoquential, in cannalion with any
<br /> oundemn�tic►n or otl�er WcinQ oi any pan of tho Property,or for oonvry�nco in lieu oP oondaiuWion.rr+e heroby usiQned and
<br />- - �lwll bc paW to Lcndcr.
<br /> In tho event of a tou�l talciog of the Pmperty,the proeada�hall be ap�lied to the wmo soeurod by thic Saurity Inctrum�mU.
<br /> wlkther ar not then due, wlth any ezcess p�id to Bormwer. In the event of a p�nial talcing of the Property in which the fair
<br /> muket vAlue of tho Prr►perty immodiately 6afore 1he taking is oqual to or gn�ter thon tho�nwunt of ihe wmc socurod by U�is
<br /> Sau�iry lnstn�ment immedietely before thc tnking,unkrs Bnrrowcr nnd Lcnder otherwise agrea in writM�,tho cuma socurod by
<br /> -- this Sccudty Instrumcnt shall be reduad by the amount of the proeeeda a�[dplied t+y the following i�action: (a? the toW
<br /> - amauat of the surns sccurod immedlately bePore the teking. divIded by(b�the fair market valuc of the Pmpeny ima�od2at�et�
<br /> before Mhe takin�. A�ey balance shall be paid to Borrower, in�tlre evedt of a pactial tplcin$of the Prapeny ia whirh,khe f�ir
<br /> marl�et v�lue of the Propeny Immadiately befox�the taking is less tt�Ihe�unowk o6 th sums secund iemx�dia4�ly befo�c tP�
<br /> taking,ynless Bonower and l.�nder atherwise Qg�e in writing or unless applicable law otherwi�se provides.the proceods�ill
<br /> be applied to the sum.:secured by this Security Instmment whether ar nd 1he sums are then due.
<br /> If�i�e Property i�abarKioned by Borrower,or ii',after ratice by I.ender w 8orrower tt�t the c�r offevs w mwke an
<br /> , awurd or settle a cluim for darn�ges. Bomower fails to rcspond to Lender within 30 days after U�date tlie ndice is given.
<br /> ' I.ender is authorized to rnllect and apply the pro��Ls,At its aption,either to restoratioo a�epair oirt�e�nY a ta the sums
<br /> �� secu�ecl by this Securi¢y Instrument,whether or not then due.
<br /> ���s. Unless I..endef nnd 8umnwer othcrwise agree in wdting, any appli��atian of proceeds to prirK�i}�ul shall not extend ar
<br /> '�� postpone the due dale of the monthly payments referred to in pu�ag�aphs 1 and 2 or cluu�e 4he amoant ai such payments.
<br />-"i '����1� 1!.$arrower Not Released;For6earance By Leaikr Not �Wplver.Exten�ion of�Q�e time for payment or moditication
<br /> ,,,�• '
<br />'"--rt, �?r�� of amonization of tha sums secured by this Security Instrument gr.inted by I.ender ta any successor in interest of Borrower shell
<br /> an � not opemte to relen.ce ifie liabllity of the original Borrower or Borrower's successots in interest. L.ender shall not be required to
<br /> ��� '� commence praceedings against any successor io intemst ur refuse to extend time for puyment or othenvise madify amortization
<br /> of the sums secured by this Security Instrument by reason of any demand mnde bX the origirwl Borrower or Burrower's
<br />- ��:y:� successors In intarest. Any fort�e�oance by I.ender in exercising any right or nemedg �1 not be a waiver of or preclude tha
<br /> �`�� eaercise af any right or remedy.
<br />'::`;';;; ----_ = 12. s�,�� aoa n�;� Bo��a:JoiM s�nd Severai Liwbiiiiy: Co-ai�ner.�. Tii4 �r,vt�wnis and agrecmcnis of ihis
<br /> �••:;: Security Inglrument shdl bind und benefit the successo�s und assigns of I.ender aiul Horrower, subJect ta the provisions af
<br /> , ,,,
<br /> :*.:���• paragraph 19. &�rrower's cuvenants and agreements sh�ll be joint and se�•eral. Any Borrower whn rn-signs Ihis Security
<br />_ :�:�;:� [nstrument but does not execute the Note: (a) is co-signing this Securiry Imtrument anly to mortgagc, grant and convey that -
<br /> • Borrower's interest in the Property undcr thc terms of this Sccurity Inslrumenr.(b)is not personnlly obligated tn pay the sumr,
<br /> .s::�.,
<br /> �'����.,.� secumd b�•this Security lnstrument:and(c)Agrees that L.ender und ony other Bonower mey pgree to extend, mocNfy,farbear or
<br /> �'t"",,���' make any accommcxlations with regurd w the terms of this Security Insuument ur the Nate without that Eorrower's cansent.
<br /> '�C'�':ki'+k?;s?,
<br /> �.t - r�..'_ 13.l.oun Ct�arges. If the loan secured by this Security Instrument is tiubject to u luw which nets maximum loan churges.
<br /> • ,` "' and that 1uw is Gnally interpreted M�that the intcrext or other loun churges collected or�o ba collocted in cannecdon with the
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<br /> � •�- loan exceed the permitted limits,then: (u1 uny ,uch loan charge shall be rc�lured by�he amount necessary to reduce the charge
<br /> u�� ��� � � to the permiucd limir. and (b) any sums s�lready c��llected fmm Borcower which exceeded permitled limils will be refunded to
<br /> ;,:, :} ..'�, .`. .,
<br /> ''�' � Bormwer. I.ende� may choose to make this refund by reducin� �he principul oweJ wuler�he Note or by ntuking a dire¢t
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<br /> _':�.1:��:.�;_ .:.c: payment to Borrower. lf a refund redures princip�l, the reduction will be treated a� a partial prepayment without Any _
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<br /> .•�•�,;u� . s.,, �._;, ., prepaymem charge under the Note.
<br /> a:,x=�..��.,. .�•�� ,...:.. 14.Nodces. An notice to Bo�r�iwer oviJcd fi�r in this Securit Instrument,hull be iven b deliverin it or b mailin
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<br /> "�`T•��'`" ` �""` it by firsl class mall unlesx�pplicable law require� u�e of anothe� metFx►d. The notice shull l►e Jireeted to the Propeny Address
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<br /> �. �r� or uny ot her a d drexs B orrower dexi�nnteti by nntice t�� I.en Jcr. Any n�nice tu L.cn dcr s ha l l b e gi ve n b y f i r s t c l a s s m a i l t o
<br /> '�.. '."' � LenJer's udJresti +ta�cJ herr.in ur any other sKldrrsti l.cnd�r dc.i�iwtes by notice to &>rn�wcr. Any nntice provided for in this
<br /> ' �_�:'�: ''�,� Security Instrument shall be dcemed�o have l+ccn given tu Borcowcr�ir l.�:nder whcn given��pnwiJeci in this paragruph.
<br />_ ' �" I5.Coverning l,aw; Severabllity. Thi� Securiry Intitromm�t shull be g�wrrned by 1'ederal law und the law� nf the _
<br /> �-- „,'�"'� � jurisdiction in which �he Propeny is locat�d. In�he event�hut any pr�wi,ion or rlou�c of thi,Sccurity [nstrument or the Nate
<br />--.:�i¢,, "''.;"•'"�4�:�•.'` conflicts with applicablc luw,xuch amtlirt,hall n�►t aff��t��thcr pravizion+oT thi.S�ruriq•Intitrumcnt or thc Ni�tc which cnn be _
<br /> �:•r ' �'£;,;;;;�i:,���y' given effect withow the con0icting provi►ion. To this cnd the pru�•i�ions of lhiti Sccurity Instrument anJ the Note are declared
<br /> . ' � ,. to be severuble.
<br /> '; �: ��'; • 16.Bot't'owel''s Cupy.&inower�Ball be�iven un�cunlixm��l cupy uf Ihc Nutc unJ�►1'Ihi�Security In+trument. _
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