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<br /> pryma�u may no lan4ar be roquired�u the aption of 1.ender,if mo�t�ya inwrnnc4 wver�e(In the Amount Rnd far the perlad
<br /> du�t Lpidet requines)pnnvided by u�tnwror+ipproved by I.ender�dn M�mma�v�ilRble ad i�o6W�d. B�rrower�IWI p�Y
<br /> tbe praniunn roqulrad to mdntdn mort��e inwrmoe in eftaol.ar W provide�lau naorve.aeuf I ibe eequina�ea�tar moit�r
<br /> iaruranoe a�d�in�ornrdNnoe with my wrlttan yreement 6etwaa�llannwar md Lendot or�pplicAbb I�w.
<br /> f. ia�pectloe.L,eakr or iiu�ent tr�y nwke reiwn�blo aNrles upon ud Inspe��tiau af the Propeny,L.aid�t WWl Siw
<br /> Bomower iiotk�e u the time ot or pdor to�n iaipection�pecif�in�rcawmble cau�e for�he Inapactlon.
<br /> 10. Candema�tbn.7'he procad�aP my�wud or cldm for darn�ea. dirxt or cutuceque�Nid. fn connaction wi1M aay
<br /> oondemnation or other t�icin�of any p�rt ot the Property.or for canvey�noo in Neu af mnndenuwion.�uie lia+eby +wigtad wd
<br /> '�. �11 pe p�ici to l.endct.
<br /> ln thc event of�wul taklnQ of the Property.�he proceed��holl be appliod to tho wm��ocurod by thlt Sxudty Inatrumau,
<br /> whether or not Ihen due�with ony oxceas p�id to 8orrower. In the event of a porti�l takin�of the Property ia whkh tho fdr
<br /> muket value oP the Property immedi�tely beforo tho ta�ing i�equal to or gn:eter than the atrwunt oP the rums�ecurod by�
<br /> _� Cea�sity Tnam�me�t imrt�edWely befo�the nicing.unlear Borrower ond L.ender otherwise ogree in writ�ng. tGe auau cxucod by
<br /> this Sa�rky Inurument ehall be roducod by tha amount of the procads multipliod by the following�fi�rction: (�) thc tot�l
<br /> amouat of the �ua�s sxured immodiately before the takjng, divided by(b)the fair market valu�of the Praperty immediately
<br />�:,,: �� betot+o the tdci�g. Any lwlancc siwll be paid to Bomawer. In thc cvent of s�putiat ts�lcing of thc Property in which the fair
<br /> •_�,����,,,� c+�arka value of the Propeny imniodi�tely befam the tuking is tess than thc aa�ount of t1�c sums secured immodi�tcly beforo the
<br /> -- --_'=��:� Widng,unlesi Borrower and l.ender otherwlsc agroe in wrlting or unless applicablc law otherwiso pravldes,the pnooeeds�11
<br />--_ bo opplied W the sums cecurcd by this Security Inatrument whether or not the sums are then due.
<br />_ If the Property is abandoned by BoROwer.or if.after�otice by i.en�ter to Borrower that the candemnor offers to mwke�n
<br /> - �ward or settle A clsdm for damagcs, Borrawer fa8s to respond to Lender within 30 dayQ afler the date the notice is glven,
<br /> ° [.endet is wuthorized to coUect and apply the proceeds.at i�s option.either to r�estoratlon or nepair af the Property or W thn sunw
<br /> -- se�vred by this Secudty Iastrument,whether or not then due. __
<br />=-+� =,.; U�lesa Lender and Borrower othen�•ise agree in writing, a�a�- a�licatinn of proceeds to p�incipal shall not extend or
<br /> -= °-'`:��• postpon�thc due dnte of the monthly puyments►eferred to in paragraphs t and 2 ar change ihe wrauunt of such ps►rtietus.
<br /> ��� 11. Borro�ver Not Releaaed;Forbearubce By I.ender Not a�'Vaiver,fixtension of the tirrae for payment a modificatiun
<br /> � � `�'�� of amartization of ihe sums secured by this Secudty InstrumeM grwued by Lender tu any successar ln interest a 5 Borrower ei►al!
<br /> �`�;�t:; -��.,�, �ot aperate{o release the liabiliry of the ariginal Borrower or Borrower's succe.�sors in interest. Lender sha�ll noi be reyulrcd ta
<br /> \r.�v -.htif:.,1 r.n;E
<br /> comrnence procadings u�alnst any saccessar in interest or refuse ta extend time for payment or ahenvise tnodlfy amortizution
<br /> ` of the sums srxutod by.this Security Iastrument by reason of any detnend madc by thc originnl Borrower or Bqnower's
<br /> � , successars i� intcrest. Any fotbearanc� by l.ea�ct,in exercising uny right or remoaly sh�U not�ne a waiver of or precaudP the
<br /> - �'y,�;_ eaercisa of ar+y right or remedy. _
<br /> - � `ur! '� 12:•&xces�o�s nud Assigas boynA;�alat sia� Several Liabiiity; �o-signers. 'rhe oove�u+nts ara�i ogaeerox�nts af shis
<br /> �� Sea�rky iastrument shall bind and ber�Fit the auccessors and assigns of I.ender and Borrawe�,subject to t3�e provisions of
<br /> ;, pqtagraph•17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> y� Instrument but dces nut execute the Note: (a) is co-signing this Secu�ity Instrument only to moagage,grnnt and convey that
<br /> ••�w• 8orrower's interest in the Property under thc terms of thie Security Instrument;(b) is not personally obligated to pay the sums
<br /> ;,�, ,• secured by this Socurity Instnimenr,and(c)agrees that I.ender and any ather Bomower rnay agree to extend.modify,forbear or
<br /> ' "" make any accommodations with regerd to the tern�s of this Security Instniment or the Note without that Borrower's cansent.
<br /> "� �� 13. Lo�n Clwrges.If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges,
<br /> • ard that law is finally interpretod so that the interest or other loan chnrges collectod or to be collxted in connection with the
<br /> .f_
<br /> ` loon exceed the permined limila. then: (a)any such loun charge sh�ll be�educed by the umcwnt nocessary ta reduce the charge
<br /> `��i• , ����}v;ti' to�he perndtted limlt;and(b)eny sums already collected from Borrower which exceeded permittod limits will be refundod to _.
<br /> �" Borrower. Lender may chaose to meke this refund by reducing the principal owed under the Note or by m�king a direct
<br /> �:�,��1�t,T ..",�•, paYment to Borrower. If a refund reduces principal. the rcduction will be treatod as a partial PrepaYment withaut any
<br /> ''����:•.r}r,",''•l,�; prepayment chu�ge under the NMe. -
<br /> �`•��`•• => � 14. NoUces.Any notice to Aorrowet pravided for in this Security Instniment shWl be given by delivering it or by mailing -
<br /> '�� l.Y,. „ _
<br /> ��� it b first cless mail unless a licable Iaw re uires use of another method.The notice shall be directed to the Address -
<br /> r���'�.~ .• ' ' or any other address Borrovrer designattKS by notice to I.ender. Any nolice to l.ender shaU be given by firPst�celass mail to -
<br /> � . � . -
<br />- �`�•�-. ; l,ender's address stated herein or any other adclrevs [.ender designates by notice to Borrower. Any notice provided for in this =
<br /> �� - " '• Secudry InsttumeM shall be deemed ta have been given to Borrowe�nr l.ender when given as provided in this pangraph. �
<br /> ��:�:;�', " 1S.Coveraing I.s�w; Severabllity. This Security Instrument shall be govemed by federel law and the law oPthe -
<br /> __ .�`� ;. :: Jurisdiction in which the Property is located. In the event that any provision or clause of IhiS Security Instrument or the Note =
<br /> � � ar�- . oonflicts with applicable law,such conflict shall not affect other pravisions of this Security Instrument or the Note which can be -
<br /> '�:"t '' �s � iven effect without the cunflictin ovision. To this end the rovisions of this Securi[ Instrument and the Nae are declared �
<br /> ,�.. _ , °fi'.,,���.2. 8 B P� P Y =
<br /> . ! '�', to be severable. =
<br /> _. :.. .�"� �`'��j�s. 16. Borrotrer's Copy.Borrower shall bt given one confor►ned mpy of the Note and of this Security Instrument. _
<br /> .. � �;•:.' Fam 3028 8l90 -.
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