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<br /> P�Y��Y�►lor�er be required,M ehe aption of Larkr�if mort�a lnwrutoa aov(1n Ihe atquat tnd for dr pariod
<br /> d�t r„p�de� �qui�a)pfvr,ided by�p inwner�proved by l.etidK t4a1n baoon��vaiW�le ad i�obuined.Bottowu�b�U p�y
<br /> dM proa�ium�iroquirod oo mrait�in mort�+�e i�auwnoe in eff�t�qr w provide�{ow raavo,w�W tlw requinan�at 1�ior�
<br /> iduranoe�in s000nlance with�ny�vrltten�betwoa�Barrower�nd Lender or appliabia l�w.
<br /> !.laq�do�.Leader or iu aQan may m�ke n�wn�ble a�trie�upon and inpxtlont of the Propaty.L�onder�IWI�iw
<br /> Botrower notic+e at tho time af a�r priar to ut in�pection spocifyinR reawc�bla cau�o for the in�pectlon.
<br /> 1�. Cuade�rtlon.The prooeeda of any �wsrd ar cl�im for dan�a. direct ar oon�equa�ti�l. in ooiu�xtian witb�ay
<br /> :�,�,�, �ar othe�atcia�of ay pet of Wa P�operty,or for caweyanca in lieu of oondemrWion,aro beroby�i��nd�nd
<br /> .IW�be paw a i.ender.
<br /> In tha event of�taW Wcia�ot�he Pmperty.tue p�aeed�:lull be�pplied to tho r.ums securod by thi�Security lrntnunait.
<br /> whethar or not then duo. wf�h any exce�a p�id to Bornc�wer. In the event oP x p�tial ukin�of the Property in whlch the fdr
<br /> muket vdue of the Pioperty immedi�tely bafore!he taking i�eqwd W or�rcater ttw�the�nwu�t of the wms soca�rcd by this
<br /> ---- _- - . S�.r+��ity imtnrm'nt imtnediM�ly bef�►ne the t�lcing,nnl�B�xmwer�nd[.ender n�frerwlte agree in wrldag.tl�e zua�aewt�ed by
<br /> thi�Savcity Inunune�t sh�ll be roduoed by the amaunt of the prac�oeda muldplied by the following fi�ction: (a) the wtal
<br /> Rmo�u�t of the wm�sewrod i�rmbdiatcly befone the wking. divided by(b)the f�ir mndcKt value of the Pnoperry immodiately
<br /> beforc tbe Wcing. Any balaace shell bc paid ta Borrower. In the event of a piutial Wcing of Ihe PrapeRy in which tha fdr
<br /> mulcet valuc of the Property immodiat�ly before thc Wking is less Ihan the u�wurn of the sums sa�ured inunediatcly befoee thc
<br /> taking.unlas Borrower and L.ender cKhexwise agroe in writing or unl¢ss applicable I�w otherwlie provlda.t1�e pr0000d��all
<br /> be�pplied w the wmc ceeurod by this 5eeurity Instrument whaher or nd the sums uo Ikn due.
<br /> If the P�+nperty is abandoned by Borrower.or if,aRer raNee by Lencfer to Bomower tiwt the oondemnor aflerc w m�ica an
<br />--�;' awand or settle a claim for damages. Borrower fails ta rcspond to Lender wi�hin 30 daye aRer the date �be roticx is givm.
<br /> L.erder is authorized to collect w�d apply the proceals,�t its option,either w�atoratian or rcpair of the Property or w tde wuw
<br />�:„�;:! ta�rod by this Socudry Instniment. whether or not tlxn due.
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<br />,,;:;��,ft Unless L,ender u�d Borrower otherwise agroe in wri[ing. any application of procaeds to principal shall not eaterid or
<br /> p�ctpane the due date of the monthly payments rcferned to in paragraphs 1 and 2 or ch�nge thc amount of such paywients.
<br /> !l.Bornower Not Rde�scd;Forbenca�nce By Ixnder Not a Wwiver.6xtension of the time for payment or rnodifiption
<br /> `l� uf emortization af the suma sxurod by this Securfty Instrume�granted by Lender to eny successor in interest of Borrower ahWl
<br /> „ not operate to ralease the liubiliry of the ori�inal Bormwer or Horrower's sucoessots in interest. Lender siwll not be requir+ed to
<br /> • commence proce�dings ag�inst any successc�r in intercst or refuse to extend time for payment or otherwlse modify amordz�tioa
<br /> of the sums securod by this Security lnsbvment by reason of eny demnnd made by the original Borrower or Horrower's
<br /> _ ��� _ successors in interest.Any forbetuana by LeMer in exe�ixing any right or remody spall not be a waiver of or proclude the
<br /> - Ta�j�� e�cerclst of eny rioht or rrmedy.
<br /> �;.,,;., �``� 12. Successors and Accigas Bouad; �olat and Several LiaWlity; Ca�tgaers.The covenants and agr�aments of this
<br /> :���,�:��.�t
<br /> �•�.�.••��:�� Security Instrument shall bind and benefit the succes�ors and r+ssig�of I.ender and Borrower, subjtct to the provisions�f
<br /> � ,#` �-�-� parag�ph 17. Harrower's covenants and agreemants shell be jaint and several. Any Bornower who co-signs this Security
<br /> :'_�,•���a�1.;,.:'�,y:
<br /> Iastrument but does not execute Ihe Note: (a) is co-signing this Security Instrument only w mortgage. grant and conv�y that
<br /> �'`��''�' � ` .- Borrower's interest in thc Property under the terms of this Security Instrument;(b) is not personally obligata!to pay the sums
<br /> ;;;,;;,�L; ; , secured by this Security Instrument; and(c)agrees that Lender and any other Borrower may agree to extend,madify.forbear or
<br /> ' ' � make any accommodations witM regard to the terms of this Security Instrument or the Nde without that Barrower's consent.
<br />_ '''; ` 13.Loan Clwrges. If�he loan secured by this Security Instrument is subject to a law which sets maximum loan charges.
<br /> - � ° '•"' ���� and that law is finally interyreted so that the incerest or other loan churges collected or to be collected in connection with the
<br />_ .a,.',��.:':,. � -�•t=:.�•.
<br />-^%; "��"`?•�:• loan exceed the permined limits,then: (a)any such loea charge shull be reduced by 1he amount necessary to reduce the charge
<br />;�;,: "`."• '� Y� to the permitted limit;und(b) any sums nlre�dy coll�cted from eorruwer which eaceeded permitted limits will be refunded to -
<br /> "' - .' Iiorrower. Lender mey chaose to make tl�i� refund by reducing the principal awed under the Note or by making a direct
<br /> .c:-"?��'•�- ^•'� , payment to Borrower. if a refund reduc�es principal. �he reduction will be treated as a partiel prepayment without eny -
<br /> �. ' ''� ' ° prepayment charge under the Note.
<br /> _ ,;�;i -�, •t.;.J 14.Notk�es.Any notice to Borrower pravided for in this Security Instrument shall be given by dalivering it or by mailing
<br /> "`�`••'� it by first class mail unlesx applicuble law requires use of nnothcr method. The notice shull be dir�ected to the Propeny Address
<br /> � '•' • •�• ��'�ti, or any ather address Bortawer designates by notire to Lender. Am• rotice to Lender shall be given by first class mail ro
<br /> ',.,�;�' � ul �;�� Lender's address stated herein or any other addre+s l.ender designates by notirc ro Borrower. Any notice provided for in lhis _
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<br /> ��t `�•'• �. Securiry Instrument shal l be deemed to have been given ta Borrower or Lcnder when given as provided in this paragraph. -
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<br /> ' '"+�'�`<•�� ' 1S.Governi� Laa•; Severability. This Security Instrument shall be govemeJ by fedcral law and the law of the
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<br />_;r;;,.+ ;�,x� ; • .;. jurisdiction in which�he Prapeny is located. In the eveni that uny pmvision or clause of'this Security Instrument or the Note
<br /> �•••• + . . s,:;�, conflicts with applicable law,such ronflict shall nnt uffect other provisions of this Security Instrument or the Note which can be _
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<br /> �.:...,� e�.,; ,'%f� given effect without the conflicting proviaion.To this end the provisians uf this Security Instrument and the IYote are declared -
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<br /> ta be severable.
<br /> � ' '��'�'�� � 16.Ibrrowe�'s Copy.Borrower shall be given one mnfomied copy of thc Natc and of this Serurity Instrument. -
<br /> ��'.'�;,' Fortn 3028 8190 _
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