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<br /> P�9menu nuy no ton�er be rcquired,�t tho option ot Lexider�IP tnort�a�e inwranoe covcr�a(In thc�niount�nd for�he paiod
<br /> thst Larder roqufra)Pr'nvided by an Inwrer�ppraved by Lender a�in beoo�nw avvi�ble md i�o6tained. Borrower�btll p1y
<br /> �he pnm(unw requirod to m�iaWn mort�eQe imuronce in eff'ect�or w provide a la�rae�rve.unUl�he roquirenxrat for axxl�p
<br /> in�ur�noe eads in�a�orduwe with any w►�ltten�re�arKnt betwan Bormwer�nd l.a►der or appliabb law.
<br /> !.Imp�ctbo. Lender or it�aQent awy nut�e rcason�bin entrlea upon and Impectiom of the Property. L�dWl�ive
<br /> Borrower mtice at the Ume of or prior co an inapection sptxifyin��+euomble cause for the inspxtion.
<br /> 10.Condaaa�Hau. 71�e procaede ot any awtud or cldm fot d�es,diroct or oon�oquentW. in conaectbn with my
<br /> o�ndemnation or other uking of any pnrt of the Property,or for coavey�nas in liw of oondetntatEon.nro trca+eby�ralQaed ud
<br /> �Iwll be psid to l.endar.
<br /> In t6e event of p tMd t�ng of the Property,the procoeds eha11 be applied to the cume securod by thia Secudry instrument,
<br /> whcther or nat tben due, with any oxoess paid to Bon+awcr. In tha event of a�rtitd taking of the PrapcRy in which�he Wr
<br /> muku value of the Praperty immediuely beion the wking is equal to ar gn�ter than the�mount of Iha wrt�s�xured by this
<br /> Security Insaument immediately befora the talcing.unless Bvrrawer end l.ender otharwise pgroe in wriling.tho wms secuc+ed by
<br /> this Securiry Instniment shall be reduced by the amount of the proceods multiplird by the following fraction: (a) Uu total
<br /> arnount of the swnc secured imtnedietely beforc the taking. divided by(b)the falr m�rket value of thc Property immediately
<br /> �, bcfons the uiking. Any balance shall be pai<f to Borrawer. ln the event of a partial wking of tha Pnaperty in which the fair
<br /> :a� " f f f.., market value af the Property immodiwtely before the te�ing iR less than the amount of the sumv securcd immodiately befon tho
<br /> �`� � taki�g, unlesa Borrower and[.ender otherwise agroe ln w�iting or unless applicabk low dhenvice provide.w,the praceeds rhall
<br /> be applied w the sums secu►ed by thia Security instrument whether or not the sums are Ihen due.
<br /> '�' If 1he Property is ahandoned by Borrower,ar if,aftcr notice by l.ender to Borrower thqt the condemnor offers to malce an
<br /> `-'. ��},;:�:';', award ar settle a ciaim for demeges,Bormwcr fuils to nsportd to L.endGr within 30 days etter the dwte Ihe notipe ix given,
<br /> �:.`•'�`�::�� Y� Lemkr is authorized to callect and apply the praceeds.at ita option,either w restoratlon or rcpair oP tho Proputy or to the wm9
<br /> '��"�4�''� , ,} ��'�� secural by thls Secur�ty Instrument.whether or not then due.
<br /> '+: `:`-°���."��• �"''+ ` Unleas Lender and Bottower otherwise agree in writing. any applicntion of praceods to pdncipal shall nat extend or
<br /> ., ...,:�;, �•..
<br /> �"'" ,i k , � st ne the due date of�he monthl paragraphs I and 2 or chan pay
<br /> • •;s�,;�': , ,.�;� po pp y payments referred to in ge 1he amount of such ments.
<br /> ' �� �� � �`�• � �'` 11.Borrower Not Released;Forbearance By l.cnder Not p Wpiver.Extension of the time for paymcnt or modiflcatton
<br /> { ��.w..::.. ,r�u,:+:s�
<br /> ''• '�:.�• .�t;'" .+';;�'s�a�';' %`;;:�i of emortization of the aums secural b this Securit Instrument rnnted b i.ender to un succ�sor in interes�of Borrower shall
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<br /> ,,;r•,.� •w�.f..•i.�wr1.,:.J,i�(,. Y Y B Y Y
<br /> c �..�,. i;� �:b•�:���- >>•'�i,� nat operatc ro refease the liability af the origina!Borrower or Borrower's successors in interest. Lcnder shall not be requind to
<br /> ,h ,hi�:e�.�ti .:k ,
<br /> a•+:x�-°: ''r commence proceedings against any successor in interest or refusc ro extend time for paymenl or otherwise modlfy amortization
<br /> fi •„ -r%r.��.� .. . .
<br /> : ����••_.,�^��-L!.��.���. af the sums secured by this Security instrument by reason af any demand madc by the o�iginal Borrower or Borrower's
<br /> :�s;ki��.;:, �i•-#.sn:�. ,:;::� -„,�:�.
<br /> ;.;: , , , , ,,. S,;:bj successars in intere.gt. Any forbearance by Lender in exe�cising any right or remedy 6ha11 not be e wolver of or preciude 1he
<br /> — : . T`.... txsrcisc ot'anp r.g6t or remedy.
<br /> '���'± �• � �:'•• 12. Suctessore and Assig� Boundi Jaint And Several Liabllily; Co-stgners. The covenants und agreements of thls
<br /> � .'`' �'� `�•S;"��`�• "• �� Securi�y l�trument shall bind and benefit ehe successors and u.gsigns nP l.ender and BoROwer, subject to the provisions of
<br /> •; ':�'"' • . paragrnph 17. Borrawer's covenants and agreements shull 6e joint and severul. Any Borruwer who co-signs ihis Secudty
<br /> �' � •• Ing�rument but doec not execute the Note;(a► is co-signing this Security Instrument only to mongage, grant and convey tbat
<br /> � Horrower's interes�in the Propcny under�he tcrms of this Security Instrument: (b) is not personAfly obligated to pay the sums
<br /> '' . . secureJ by Ihic Security Instrument;und(r)agreeti�hat l.ender und any other&irrnwer may ugree to ex�end,modify. forbear or
<br /> �. ' make any acrnmmadatinns with reg�rd to ihe�cm�a uf this Securiry Inxtrument ur the Nnte without that Borruwer's consent.
<br /> . p � 13.Loan CharR�.w. IP ihc loua secured hy this Securiry Intitrument i�xubjcc� tu a luw which sets maximum loan charges,
<br /> ,��j. ,� und that law is finally interpreteJ so thut ihc intcrctit��r othcr loan charges cuQt�tcd or co be callected in��nnection with the
<br /> .'�,.;� �
<br /> lopn excced Ihe permitt��l limits.�hen: Iu1 any �.urh loan chargc tihall bc r��lucrJ by ihc umoum necesxary to reduce the charge
<br /> • , ..��: �,' to the permiqe� limir,anJ lb)uny sum,alreudy collectcd fram Borrc►wer which exrcedeJ permiited limits will be refunded to
<br /> •�°•� '�•�� Borrower. L.ender may chcx�xe tu make ihiti refunJ by reducing thr prinripal ow��l unJer �he Nate ar by makinR a direct
<br /> / ";�,':���': '; �,'''':i ,.
<br /> ` t �„� �,,,. .i�` �.,, payment to Borrowrr. If a refund reJuces principal, Ihe reduction will be �r�ated us u partial prepayment without any
<br /> •�� prepayment churg�undcr thc N�ric. W
<br /> � ' . � '��:'`.. 14.Notk�s.Any n��tice tu&�rruwer providcJ ti�r in�hi�Security Intilrunxrnt shall ix Ei��en hy Jclivering it or by mailing <<<-�,
<br /> . • il by first class muil unlcxx applicublc IuW reyuirc�u.r��tun��lh�r mclh�xl. The nutirc.hall br direrl��i to the Pmperty Address
<br /> ° or uny other udJretiti &rrruwrr drtiignute• hy n�nicc lu Lcndrr. Any mitirr tu L.cnJcr �hall be given by first cluss mail ta
<br /> ' Lcnder's acklres�+�utcJ hcrcin ar an�•ulhcr adJres� I.cnder Je,ignu�c. hy notirr la Ii��rruwer. Any notire provided for in this
<br /> . Security In,trumem.hull ik dccnutil tu huvc t+crn�iv�n to B��rrawrr ur I.cnJcr wh�n gi�•rn ati pruvid�tl in Ihi,purAgraph. �:,w
<br /> I5.Govcrnlns I.AN'S Sc�•rrubllity�. Thi. Srrurity hi�lrument .hall Ix guvenxtiJ by I'eJcral luw und �hc law of the
<br /> t . • ' juritiJicti�►n in whirh the Prupeny i�bxa�eJ. In th�r�•rm th:u any pr�n•i.i�n�ur clau,<<►f ihi,Scruriry Inrtrument nr the Note ..;..
<br /> rontlir�.with applirahlr law..urh ronllirt+hall nut:d'1'r.•i wh�r pru�•i�i„nti��t'Uii,S�rurity In,�rumcn�ur thc Note which run tx �.
<br /> � giveo elT�tit��•ithout the ronllicting pruvi.inn. Tu thi.�nJ th�pruvi.i„m uf�hi.5ecurit� In�tnmicnt und the Note ure Jeclared
<br /> � to bc+cver•rblr. '�
<br /> � : 1 � 16.Burrower's Cup�.B��rruwcr�ha11 hc gi�rn unr r�mfnrmrd r��p� ul thc N�,tr anJ uC thiti Srrurit�• In.trum�nt.
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