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<br /> �yments m�y no lan�cr bo raquirod.u the qptian af l.ender.if mon�a�o Inwrence coT�e�r�e(in tho amount rnd for the pe�iod
<br /> tb�e 1.etWer tequircr)providad by wn incurcr Approved by L.order ��n bocome��vailrble and is obwir�ad. Borrower shdl p�y
<br /> �be prep�ium roqulrod to mait�in mort�a�o i�uurAnoe in effect,ar w pmvido a loas reaervo,until the royuircaant fbr mort�a
<br /> la�ur�u�oo enda in�000�ame wlth w►y wrltten�groement belwan Borrower and Lender ur oppliwble law.
<br /> 9.Impacllot�. LeMer or it�agent may m�ke reaaontble entdeo upon and inrpoctions af the Prnperty. Le�rier sholl �ive
<br /> Borrower nolice�t the time nf or prior to an incpection specifyin�re�anoble ause f�r Ihe inspection.
<br /> Ip. Co�danoauon.The prooeedA of any award ur elaim for danwges,dircct or consequemial. in connaction with iny
<br /> condemnat;:,a or wlxr takin�aF any pa�t of thc Propehy.or for convoyancc fn lieu of candemnation.aro hcrcby assignod and
<br /> - ��'----L' dwll be paid to Lendt�r.
<br /> In�he nvent af a totAl taking of tfie Property,the praceods shall be applial to the aums secured by this Sacu�ity Instrument,
<br /> whether or not then due.with any oxcess paid ta Bomnwer. In tha event of a partial taking of the Propecty in which the P�ir
<br /> mtrket valuo of tho Property immodiately beforo the taking ja e�uel to or greater then the amaunt of the cum.c secured by thie
<br /> _ _ _ Securi�y In�trumait immndiately before the telcing,unless 8orrower and Lender o�herwise agroe in w�itinR.the suma securod by
<br /> thie Security Instrument shall be naduc�ed by the amount of'Ihe pra.�eala multiplivd(Dy the following fraction: (a) �he taal
<br /> �s amount oP the sums securod immediatet�r before tha�eking. divided by(b)the fair mactet value of tt►o Prope�ty immodiately
<br /> befom the Wcidg. M�y bala►n�ce slt�tl be paidi to Hotrower. In Ihe eve�u of a pa�tial talcing oi'the P�openty in which the fair
<br /> marka value o6 the Propeity im�r�diately before che taking is less tt�an the art�o�unt of tt�e sums s�oa�d imee�ediateiy before Ih�
<br /> ,�, WcinB• uoLess Horrower aad l�der aherwise agree in writing ar ur�ess s►pplicable law dherwise Qrovides. �he proe�is sl�ll
<br /> Ee app[iod W thr a�ms secured Dy this Security Instrument whetAer or not ihe sums are then due.
<br /> If the P�opnty is W�andonad by Borrower.or if.after nolice bp I.en�er to Eornower that tlie carJemnor affers to m�eke an
<br /> - a■raud or seule a ciaim for damages, Borrower fails to ieSponC Ra I.e�xier within 30 d�ys after ttxc date the notice is given,
<br /> �!;�•, t.��der is authorized to cdlve�and upply the proceeds,at iu opioce,eitt�er Ro resWrati,oa qr repair oi the Property ar to the swns
<br /> eorwod by this Secur�ty instrurae�tt,whether or not then due.
<br /> Unless L.ender nnd Bcxrower oiherwise agree in writing, any a�ppiicacic�.�F proceed� to pdnclpal shall not extend or
<br /> -'� postpone the due date of the mo;m::►;� puy�ots referred to in paragrAp[ts t ac�d 2 or change�he amount of such payments.
<br />��� 11.Borrower Not Reiea4e�d;F�ra�nce By Lender Net a Wai�•er.Extension of the time for payment or modifics�ticxe
<br />-• i of amoRization of the sums s¢c�c�?t*�:3�ic Secu�ity Instrument grs�nted by l.ender to any successor in inrerest of Bornnwer shall
<br />' not operate ta release d�e iiat+�Fit}�of the original�3orrower or Borrower's succe4sors in interest. Lender ahall not bc required to
<br /> commence proccedings agaii►.vt uny sutcessor in interest or refuse to extend time fa�payment or otherwise modify amonizution
<br /> '` ;t oF the sums secured by this Security Inatrument by reason of any demand mede by the original Horrower ar BoROwer's
<br /> ,,,,;��� successors in icuercst. Any forbearance by l.ender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> _ exercise of any riRh�Qr femedy.
<br /> ` "��`� 12. Suooessars suid Assign9 Bound; Joint ond Several LiabiUly; Co-slgne�s. The covenants und agreements of thia
<br />. '.'t .;.4R .�� .
<br /> .. �;�; - Security Inslrume�u shall bind and benefit the successors and assigns of Lender and Bonower, subject to the pravisions af
<br /> .y,� .+� � ��y'•�}�, }ti.ft, p�uagraph 17. Borrower's covenants and agreements sh�ll be joint and several. Any Borrawer who rn-signs this Securiry
<br />__ '� ;.. �i� Instrument but does not ezecute the Note: (a) is w-signing this Securily Instrument only ta tnortgage. gran[ and convey that
<br />"�`'"`, `� `� " BoROwer's interest in the Property under the terms of this Security Instrumenr. (b) is not personally obligated to pay the sums
<br /> . .��.�� ^3
<br /> - m� ;�.., � secured by this Security Instrument;and(c)ag�ees Ihat i.ender nnd uny rnher Borrower may agree to extc�xl, madlfy,forbear or
<br /> - `�-`'4,r � make any acmmmodations with regard lo the terms uf this Security Instrument or the Nnte without that Barrower's consent.
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<br /> ; c,,b.}�r�°"?� � 13.Loan Charges.If the loan secured by this Security Instrument is subject to u law which sets maximum loan charges.
<br /> - and thnt Inw is tinally inrerpreted so that the interest or other loun charges collected or to be collected in rnnnection with the
<br /> �*„ .. ,
<br /> tr,��," � • laan exceed the rmitted limits, then: (a>an wch loan char e tihall be reduced b the wnount necessa to reduce the char e
<br /> :+�j�'s .',.r.,, . e.,ru+ p� Y • B •� Y ry B
<br /> ,�,�,�ef•::; -:�':. ta the permiued limit;and(b►uny sums alreudy collected fr�im Borrower which excead�ci permitlecl limits will be refunded to
<br /> ;-�.,�•-•_ . ; ,
<br /> . �r�`r.f�.; g ir, BoRawer. l.ender mny choose to make this refunJ by rcduring thc principal awed unJer the N�ne or by mbl:ing a direct
<br /> "�=�3i±�;-,';��'�'r payment to Borrower. If a rcfund reduces principul, the rcduction will be treated as a parlial prepayment without any
<br /> ",�!;�"�" • •�' ''r,�...`::�: prepayment charge under thc Note.
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<br />- ��5�,• •• �•j '" 14.Ndic�,Any nwice to Borrower providcd for in this Security Inslrumen�shall bc given by delivering it or by mailing
<br /> • ,,�ai',- .,b.... .
<br /> ..�a; :_ it by first class mail unles�applicable law reyuires use of unother meth�xl. Tlx;notice shull be directed tu the Propeny Address
<br /> �_��,�:.r�:,. '� • or uny other addresz Borrower designutes by n�uice tu I.�:nder. Any nntice to LenJer shull br given by first clnss mail to
<br /> "'"� `'-;,.. •. Lcnder's address stated herein or�ny ather uddre+s Lcnder drsignatcs by �xnice ai Borrower. Any n��tice pmvided for in this
<br />- . •„�, �'�" ' Secu�ty Instrument shull bc dcem�ta h�vc bcen givcn to Borrow�r or I.enJcr when givcn us provided in thiti pa�ugraph.
<br /> ':,;g'� ' ' .. I5.Governing L�w; Severnbility. This Sccurity In�t�ument shall be govcmcd by federul law �nd the Inw of�he
<br /> -- '��� k • jurisdiction in which the Praperty is lacuted. In the event that any pruvi.i��n or clau,c ol'thiti Security Imtrument ur the Note
<br /> . < � - �.. . wnflicts wi�h applicuble law,such r��nflict,hall not at'i'ect other pr�ivisiom of thi.Security Instrumem ur the Note whinc�an be
<br />_ ` � " '; •..��' , given effect without the conflicting provision. To Ihis cnd the pn�risiom��f thix Security Instrum�nt und the Note ure declured
<br />_ '1"'`•. • to be severnble.
<br /> •�•• " r� � l6.Borrower's Copy.Anrrawer shall tx given�►nr cunti�m�cd r��py ut'thc Notc and of Q�is Security Inatrument.
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<br />_ ' , .•" '' Form 3028 8180
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