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<br /> Ar�- 109263
<br /> p�ymptq m�y no lon�er bo roquirod. �t the option of Lader,if mart��c inwrance c�eJrn�c(in Iho�nouat and for the perlod
<br /> tlut Lender roquinea)Provided by�n incurer approved by l.ender��ain buomea avdlable and ir obtrfned.Borrowu�iwll p�Y
<br /> the premfurru requirod to m�intxin mortQ�ge inwrat�ce in efFect.or to provide�t lo�s rescrve.until the requir�anent for mort�e
<br /> inwr�noe a�di In�000tdance with�►y w�itten�yroement betwoen Borrnwer md Lender or�pplicnble I�w.
<br /> 9.it�pectbn.Lender or itr a�ent nwy nwka rea9onable enKie�upon ud inspoctiono oP the Property. Lendu�hall�ive
<br /> Borrower notice u the time oP or pdor ta an inipectfon�pocifyinQ rcasoru6le causo for the inapection.
<br /> 10.Caudemaatlon. The pr+nceeda of ony eward or cl�im for dvnagca, direct or consequenlid, in rnnnection with any
<br /> oondemnation or other takln�of Any part of the Propeny.ar for conveyance in Nw of condemnotion,are hereby iwri�nod and
<br /> --�' Wwll be paid to Lendcr.
<br /> � .> in the event of a towl wking af the Property,the praraods shdl be appliad to the wme securod by this Sccudty Instrument,
<br /> whether or not then due, wlth any excees paid to Borrower. In the event of a pazii�l taking of the Property in wMch tha fair
<br /> '"' marlcet valuo of tha Property immodiately beforc the taking is equal to or greatcr than the amount oP thc rums cocured by thie
<br /> Socurlty Instrument immedi�tely before the teking. unless Borrower and I.endcr aherwise agra in wdting,the wms aecurod by
<br /> �� L�;�„� thia Secu�ity Inatnimant shell be roduced by the amount of the proaods multiplied by the following fraction: (o) the total
<br /> arrwunt of the sums secured immediutely beforc the taking.divided by(b)the fair merket valuc af the Property immodiately
<br /> of the Pro n In which the fair
<br /> ��.'�� before the wking. Any balance shdl ba paid to Borrower. in the event of a perciel taking pe y
<br /> , . market value of the Property immediately bcfore thc tatcing is less than the amount of the sums secured immediately beforc the
<br /> taking, unless Borcower end I.ender otherwise agree in w�iting or unless applicable law o[herwlse provides, the praxada shall
<br /> ' ;�;;;: • ' �:F:�.;r;;:., _�,�.:: be applied w the euma securad by�hia Secu�ity Instniment whether or not the sums are thon due.
<br /> ��;;�y.,� .,��,; If tho Property ls abandoned by Borcower,or if,after notice by Lender to Borrower that the oondemnor oifers to meke an
<br /> �.�`� � i';•� award or settle a claim for�amagcs, Burrower fails to r+espond to I.ender within 30 days after the date tha notice is given,
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<br /> �' � �a�'���•"',P" �' Lender fs Authodzed to rnllect and apply tha praceeda.at lts aption, ei�har to mstoration or repair of the Froperty or to the sumc
<br /> y�, ° ��•`���'s`�������+ setwYd b thia Secudt lnstrument,whether or not then due.
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<br /> . s��, :,,,�:7.ti��,,.- • Unless I.ender and Porrower otherwise agree in wrlting, any application of proceeds to principal shall na extend or
<br /> • '>}?r��v��:',' postpone the due date af the monthly payments referred to in paragraphs 1 and 2 or change the amourn of such payments.
<br /> "' . � ., ^`�#.i>'!�-�' 11.Borrower Nat Released;Forbearance By I.ender Not a Walver.Extension af the�ime for payment or modification
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<br /> • ::����;'.,,„:.,,:;,. of amortiution of the sums secured by this Security Instniment granted by l.ender to any successor in interest oi Borrower shali
<br /> „ . .. not operate to mlease the lisbility of the original Horrower or Borrower's successors in interest. L.ender shall not be required to
<br /> ' � •�� ., commence proceedings against eny successor in interest or refuse lo eatend lime for payment or othenvise modify amortization
<br /> _ � .. "' ��. �,:;, of the sums secured by this Security Instrument by reuson of any demand mndc by the o�iginal Borrower or Borrower's F��
<br /> ,. . , , successora in Interest. Any farbearance by I.ender in exercising any right or remedy shali not he a waiver of or preclude the
<br /> " , ' exerciae of any right or remody.
<br /> .:,.�� ... 12. Successors and Assig�Hound; Jaei and Sever�i i.iwbiNty: Cu-slg+�rs. 1'h� ��vena�us and agreesncots of this
<br /> . . .. . � : Security In.gtrument shall bind and beneft the successc►rs and assigns of Lender and Borrower, subjeCt ta the provisions of
<br /> • r paragraph 17. Borrower's covenants and agreemanta shall be jaint end several. Any Borrower who co-signs this Security
<br /> �. �y;�,,�:.�;t_;';�,,.,�.;, lnstrument but daes not eaecutc thc Nate: (a)is casigning this Security Instrument only to monRage, grant and convey thet
<br /> ","'�`� ' Borrower's interest in the Property undcr the terms of this Securily Instrument;lb)is not personally oblisated to pay the sums
<br /> � • :..�r y�::•.;�; secuced by this Security Inslrumenl;and(c)ngmes that I.ender and any other BoROwer may agree to extend, rnodify,f'orbear or
<br /> �' ; � '�;,r.��, ' meke any accommadations with regard to the terms of this Security Inslrurnent or the Note without�hat Bonower's consent.
<br /> ; .. 13.I.oan Ctw�es. If the loan secured by this Security Insuument is subject to a law which sets maximum loan charges, f�
<br /> t;�� • . . and that law is finally inter�►reted so that the interest or otiter loan charges collected or ta be collected in connection with the '
<br /> .� . loan exceed the pertnitted limits, then: lu)uny such loun rharge shull be reduced by the amaunt neces�ary to reduce tha charge
<br /> �ti`'.. yr� ; to the permitted limit; nnd lb)uny sums�►Iready collected from Borrower which exceecled permitted limits will be refunded to �=a,
<br /> • ���j�------=-�-__ ,=, Borrower. Lender muy choose to make this refund by reducing the principal owed under the Nate or by muking a direct
<br /> ��,, � . , �� ,, payment to Bonower. If u refund reduces principal, the reduction will be Ireateci as a panial prepayment without any ''�
<br /> `�� . ,:.�; prepayment charge under the Note. ,;�•
<br /> 14.Notiees. Any notice to Borrower pruvided for in this Security In�trument�hall be given by delivering it or by mailing
<br /> . _-_ ... . . tt by first class mt�il nnlecs applicnblc law requires��se nf imnthrr mr�h�xt. The nntice shull be direct�d to the Pmpeny Address
<br /> � , � .t;,,,,. � or any other uddress Borrower designntes by noticr to [.ender. Any natice to L.enJer shull be siven by first class mail to �
<br /> ' "; �') L.ender's address swteci herein or any other address L.ender dcsignutes by notice to Bormwer. Any notice provided for in this
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<br /> Security Instrument shall be deemal to huve becn given to Bc�ROwer or I.ender when given as provided in this parugraph.
<br /> . � • 1S.Governing I.aw; CcverablUty. This Security Instrument .hull be govcmed b�• federal law und the luw of the ��'
<br /> { �± � 1;;•��',• • jurisdiction in which the Property is located. M the event th•rt uny provisiun ur rlau�c uf this Securiry 1ns�rument or the Note
<br /> �E conflicts with applicuble luw,�unc�ontlict shall nrn affect othrr provisions nf thi+Security Instrumen�or the Nae which cun be -
<br /> ";, �� given effect wilhout thc ronflicting pro��ision.To thi�end�he provitiianx of thi�Securiry In�trwnent and Ih� Note are declnred
<br /> to be severable.
<br /> � '� l6.Borrower's Copy.Burruu�er.rhall be�tiven unr confurm�tl ri�py of thc Note unJ nf lhis Security lnstrumen�. i
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<br /> ' " �.(' , ;; . -. .•.. Form 3028 9190
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