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<br /> � __. �� 93- soes� �:
<br /> pymentr may no lon�u be requirod.�t 1I10 OpI�OQ OP L�C�t�• if moriga�e inwrarrx oovera�e(in the unount�nd far tho perlod
<br /> tlwt Lendu requir+a)provlded by an ituur�er tpprovad by Lander a�ain bea�mes�vdl�bla and L obuinAd.Borrower�Fiall pay
<br /> the pronduau raquirod ta nuinWn nnR�er&uunaoe in etfert,or w provide�low raervo.unUl thc requinanea�fbr aaort�e
<br /> inwn�noe aids in iwoordwnce with any wdncn�roement botwan Bomowa wnd LeMer or q�p8cabld I�w.
<br /> 9. iorpectbn.L,ender or its a�ent may m�ke rasnn�ble entria upon�nd iro�poctians of the Property. I.eider�11�ive
<br /> Borrnwer notice u the time of or prior to nn inspectian�pocifyiny rc,+co�uble ause for�he inspecllon.
<br /> 10. Catdaqmtbn.Tho praoxds oP ony AwaM or cldm fnr da�tu�e�,diroct or aonscquantial, in aoru�eclion with any
<br /> „�, � ,�_ _�y eandemnAtion or wher t�eklnR af+�ny pstct of tha Property. or for convey�ncx in Ilw of condem�wion,are hereby aei�ned ud
<br /> sta11 be paid to Lender.
<br /> In tha ovont of�tot�l taking of the Property.th�procads stwll be appliod to the suma securod by this Secudty In�truma�t.
<br /> -- whether or not then due. with any eROest paid to Bomnwer. In the event of o partial taking of�he Property in which the fatr
<br /> market v�lue of the Propeny immediuely befarc tha taking is equal to or grcater than the anxwnt of the cums socured by this
<br /> - --_--� Socurity Inst�ument immediately before tha ta�inR.unicss 8orrower�►d Lcnder otixrwico agra ln wrldn�t.the sums cecured by
<br /> t61c Secudry lnstrutnent shall be raduced by the amount of the proceeds multlplied by the following f�ction: (a) �he Wtel
<br /> amount of the sums secured immedietely befarc the Iaking,divided by(b) the fair markU v�lue of Ihe Praparty immediately
<br />� befora the taking. Any bal�ux;e shall be paid to Bomawer. In the event of a partial taking of Ihe Praperty in which the fair
<br /> mArket value of the Property immadietely bcfore the taking is les�than the amount of�he sums saured immediately before the
<br /> taking,unless Borrowcr sud Lerxier athcnvise agree In writing or unless applicable law otherwi�e provides. the procoeds alq�ll �
<br /> ba epplicd to the sums saured by this Security Instrument whethcr or not�he sums uc then duc.
<br /> _ lf the Prnperty ia abandoned by Bomuwer.or if.after notice by Lender to Bomower that the cordemnor offers to m�ke aa
<br /> award or settle a cleim for damages, F3omawer fails to respond to Lender wi�hin 30 days after the data the natia is given,
<br /> ''y t.encler is authorized to collect and apply�he proceeds,at its aption.either to nstoration or repair of tiu Property or w the swas ,
<br /> -- secund by thia Securiry Instniment,whether or not then due.
<br /> - � • ,,;;;�� Unless I.ender and Borrower otherwise agree in writing, any applic;aUon of procceds to principal shall not extond or
<br /> ;i � �r postpone the due date of the manthl}•payments r+eferred to in paragraphs 1 and 2 or change the amaunt of such payments.
<br /> • l l. Borrower Not Released;Forbeart��xc By I.ender Not a Wseivcr.Extensian of the time for payment or modification
<br /> ofamoRi�tio�of the sums secured by this SecuRt}Instrument g►anted by l.ender to any successor in interest of Borrower shall
<br /> nw operate to rclease the liability of the originel Borrower or Bottower's successors in interest. Lender stwll not be t+equired to
<br /> ., ., �.� commence proceedings against any successor in interest ur refuse to extend time for payment or otherwise modify aqwttization
<br /> __ ' • � of the sums secured by this Security instrument by reason of any demand made by the original Borrower or Horrawer's
<br /> eas
<br /> _-: •�' succes,ors in interest. Any forhearance by L.ender i�exercising any rfght or remody shall nat be a wui�ver of or.preclude the
<br /> --___._ _ exercise nf any right or remedy.
<br /> ��''`�`��'�``�'`-'���``�— 12. Successors ant! Assigns Bound; Joint and Several Liebllily; Co-sigaers. The covenants and agreement�af this
<br /> , �,-••,�bs�•:�� - V�� Security Instrument shall bind and benefit the succcssors and assigns of Lender and Brrrower,subJect to the provisions of
<br /> t � . . psuagrwph 17. Bormwer's covenants und agreements shull be joiM aod several. Any Borrower who ca-signs this Seeurity
<br /> ,. Irutrurnem but does not execute the Note: (u) is co-�igning thi+Security InStrument only to martgage. grant and convey that
<br /> Borrower's interest in the Pr�perty under�he tcrms of this Serurity Inn[rument;tb)is not personally obligated to pay the sums
<br />��;; '' secured by this Security Instrument;aMi Ic)ugrees thal I,ender und nny other Borrower may agree ta extend,modify,forbear or
<br />�'•� • �. meke any uccommodations with regurd tu the lerms of this Security Instrument or the Nate without Ihut Barrower's consent.
<br /> , ;-:_ 1.�'�.i±n..•a:. _ :�.._,
<br /> 13. l.oan Charges. If the loun secured by thi+Securiry Instrument is subject�o A law•which tiets maximum laan charges. _
<br /> 3�' ` . nnd thnt law is finally interpreted �o that�hc interest�►r�nher I�iun rhurgeti r�illec�ed or to be collected in ronnection with the
<br /> A : ; . , -
<br />,� �� �� loan excc,�ed the permined limilr�. �hen: l ul any xurh laun rhur�te+hull be reduc��1 by the umount necetiwry�a reduce the churge -
<br /> f�'��' , - to Ihe permitted limit:und Ib►uny sums ulreudy collectcJ 1'rom&�rrower which excceded pem�ined limits will be refunduci to -
<br /> f ,'�;: . ;
<br /> �� •?<•' Borcawer. Lender mry chai.e to nwke thiti refunJ by r��Jucing the principal au•ed under the N�ite or hy nu►king a direct
<br /> '���' '` "�- . �'"' u ment to BoROwer. If u refund reciuce� rinci al, the reduction will be treuted ati a anial re a ment without an �
<br /> .,,rr• ; o�� y �.1... . pY P P P P pY Y
<br /> , � • . • prepayment rharge under Ihe Notc.
<br /> �. ,, � l4. Notices. Any notice to Bonnwcr provided ti�r in this Sc�uri�y In.trument tihull fx�given h�• dclivering ii ur by muiling =
<br /> � ;� ' � it by fint cluss mail unless upplicable luw reyuirc,u�r�►f unuthrr uir�h�,d. The n��tice tiball br dimct4�J to the Pn�perty Address =
<br /> ar any other uddress &m��wer dc�ignutcs by notice �o L.cndcr. An�• nnticc w l.cndcr �hull tm Eiven by tint clatis muil to =
<br /> ''''• Lender's address stutrd hcrcin o�uny othcr uJJres. L�:nJrr Jc,ignute+ hy nuticr �u B��rruwer. Any nuticc provideJ tiir in this -
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<br /> �-�� Security Inurument shall be decmed�o hs�ve hcen given ai Burrowrr ur[.endcr when Fiven a.pruvidcYi in thi.parngrnph.
<br /> ' • ;'r ' .Q. 15. C�vernfng� Law; tieve�bllity. Thi� 5c.uri�y In.�runknt �h•rA be ���vrrn��l by I�Klcru) la«• anJ �he luw otthe =.
<br />� •r ''• , ,;,�:; .r• " jurisdiction in which the Pmperty is I�x:u�ed. In tl�e rvent that uny pr�►vi�ian ur clau.c nl'�hi�S��vrity In,�rument��r Ihe Ncxe =
<br /> ��� � " conflicts whh applicablc laN•, �uch cc�nllict xhvll not al'1'cr1 uthcr pru�•i�i�m+ul'Ihi. Scruriiy Insaunxnt ur thc Nutc whinc�an be
<br /> ; ; ,. . • •• given effecl witlx�ut thc ronflirting prnvi�ion. Tu�his rnd thc proei.i�►n�of thi.S�tiurit�• Instrumcnt and thc Nate are Jerlared -
<br /> ��k , � � . to be severuble. _
<br />� � ,�• . 16. &�rcoN�er's Copy. Borrowcr yhull bc given one cunti�rnuvl rupy�►f tix N�Hr unJ ot thi�Scruriiy Imirument. �
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