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<br /> p�yn�ena m�,y ro lon�er be r�oguired.u the optian af L�ander.iP mortgo�o inw�x wvera�o pn the amount�nd for Pho pariad
<br /> tbu Ler+der requira)Provlded by an insuner appmved by Lender a��in beoomea Av�il�lo rnd is obtalnal. eorrower rFull pY
<br /> the prcmiums requirod w mointain rtarty�o Insuranoe in,atYect,ar to provide a loss rcscrve,untll tho requii�u for a�ott�a
<br /> iawtmce aid�in a000idu�ce with my written�eanrnt�beiwan Borrower�nd Lender or appik,�bla I�w.
<br /> 9. Initpectiop,L,pder or iu tgent tpay mrko�cQtlAble ensrla upon and inQpectiont oP the Property.L.atKier�F►�II Sivo
<br /> Hormwer notice at�he dme of oc prior to an lnspxtian sp�tifyinR reasonable caueo for tbo inspection.
<br /> 10. Coodmnutbu.Tha pmceeda of any�wxnd or,claim for d�maga� diroct or coasoyuential, !n catu�ecUon with any
<br /> ��,,y condem�wtion or ather tokin�of any part of tho Prpperty,or for oonveyanx in liou of oordemnWbn,ere hm+eby aai�ned�ud
<br /> clwll be paid to Lerder.
<br /> !n the event of o tou�l wking of�he Property,the p�ncred�alwll be applied to the suma securod by this Security lnstrument,
<br /> whether or not then due.with any excess paid to Born►wmr, In the event of a partial taking of the Pmperty in which tho fair
<br /> mtuket valua of thc Prope�ty imrrediately bePorc tha takinp�it oqual to or grcater thwt the amaunt of tha euma securcd by thia
<br /> Secu�iry Insuument imrnediately beforo t6o takiog,unlass Aarmw�r and L,ender othanvjse agra in wridng. the suma securod by
<br /> �hir Sxudry lnctnrment ehall be rcduced by the amaunt�of�the pracoods multiplied by the following frsicctlon: (a) tha total
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<br /> amount of the aums secured i�iately before tho takln8,divided by (b)the fair marlcet value of tha Proparty immndiatsly
<br /> . 1.,., • beforo the teking. My balana shall be paid to Borrowcr, in the event of a partial taking of tha Pnuperty in which the fair �.�
<br /> �' : ,_ mwket value of the Property imrnediately before the takln8 I�iess than the amount of the sumg secured immedfately before tha s•
<br /> taking,u�lesa Horrower and Lendcr othenvlse agree in writin�or unless epplicable law otherwise provides.the pmceods ahall
<br /> • �^`:_; � • .,,., Q be appliod to the sums secured by lhia Security InsUument.whether or not the sumc arc tl�en due.
<br /> •� .�, ��:K t aY� ,- if the Property is abandoned by Borrower.or if, aftar natiae by Lender to Horrowcr that the aondemnor offers�o make an
<br /> �`'-i:',�(?:~����Jr aws�rd or settle a cleim for dama es, Borrower fails to
<br /> ' L. .,:. .���c�.:.•;.A B respond eo i.ender within 30 days aftar the date thc notice ls given,
<br /> �'�:;_ :iu:i:��:�; , l.ender is authodzed to collect and apply the proceeda,at its oppon.either to restoration or repair of the Property or to the sums
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<br /> � > >�1• sxured by�his Sxurity lnstrument,whather or not th�n duo.
<br /> '�•' � ��°-�� � Unless Lender and Barnawer otherwlse ageee in wriUnB, any applfc�tion af proceads to pdncip�f si�all not extend or
<br /> �, � � ��s•�. postpone the duc dalc of thc monthly paymenis refern�d to in pamgrephs i and 2 or change the amount of such payments. ;
<br /> � ��' � `° � 11. Bomnwer Not Released�Farbearaace By I.ender Nat�W�leer.Extcnsion of the time for payment or modification
<br /> � ' ,••• „ ;',.� of amorti�ation�f the sums securod by this Security Instnrment granted by Lender to any successur in incerest of Borrower shall
<br /> ���� a��- - not operate to release the liability of the original Bonower or liarrvwer's suoceasorx in intarest.Lender shstll not be required to
<br /> r " commence roceodin s
<br /> • p g against any successc�r i�i�terest or rafuse ta eztend time fo�payment or otherwise modify amortization
<br /> � , , , of the sums securcd by �bis Security Instrument by reasan of•an�� demand-m�de by the o�iginal Horrower or Borrowcr's
<br /> � � ,r: , , successors in interest. Any forb�arance by Lender in exercisin@ arp�righ�or remedy sh�lhnot�e a w�fver of or preclude tha
<br /> ; .:v�, ,,. .., exercise of any dght or remedy.
<br /> • :,:,•�^ 1Z• 5uoce�o�s and Asst�n9&►und; Joiat and Sever.�l Liu�►Ility;Caslsncrs. The covenents and agreementa of this ,,
<br /> • ;.. „_•,, ,ry,. Security Instrument shall bind and benefit the successarr,and assigns of l.ender and Harrower, subject to the provisions of
<br /> � , • , paragraph 17. Borrower's covenants and agreements shull be jaint and sevcrnt� My Barrower who eo-signs this Security
<br /> y,;'... � •°': ':��;•, . Instrument but does not execute tiie Nate: (a) is co-signing this Serurity Insetument only to mongage, grant and convey that
<br /> ` ;,���: .� Borrower's intercst in the Property under the terms of this Securitv lnatrumen�c fb)•is nat personally obligated to pay the sums
<br /> � . •� �r' secured by this Security Instrument;and(c,„grees thut I.ender and any other gnrrowar m�y agree to extend, modify,forbear or
<br /> �;, - ., . make any accommodations with regurd to tha terms of this Security histrumenl or•tho Note without that Borrower's consent.
<br /> '• '. �• 13. i.oan Clwrges.If the loan secured by Ihis Se4:urity Insttument is sub,j�a�h to a lew whkh sets maximum laan charges,
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<br /> �y` • . ,,,•�., and that law is finally interpreted so thr�t the interest or other loan chargos callactad or tn be collected in connection with the
<br /> � ' � .� loan exceecl the rmitted limits, �hen:(a)an such loan cha o+hall be redu�ed b�th� umnunt neces �'�
<br /> � Pe Y B e ! sury to reduce the charge .��ai
<br /> '�,��� to t he rm itt e d limit; an d(b)an aums a lrea d collectc�i from Borcuwer which exceeded permipe� limits will be refunded to �±•��
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<br /> ,. Borcower. Lender may choose to muke this refund by reducing thc principsl o«�cxl wxier the Note or by making a direct
<br /> ' ;.. , • . pAyment to Bomower. If a rel'und reduces principul. the reduction will be uvatal as a partial prc�payment withaut ony ;�,
<br /> ; '• , ;�?�:-.�� . � ° prepayment charge under the Note. ����
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<br /> ,i.,;, 4 ��� : . L. ;. 14. Notices. Any notice to Borrower provided for in thk Security Instrument�+hall t►r gf��en bp defivering it or by mailing
<br /> �1:' ' •`4 ���,,:;•.,�,;.,;,' , it by first class mail unless Applicable luw requires use of s�ncnher meth�xl.7'he nrni�Y.hall be dituctod to the Propeny Address
<br /> . , ;.� : .:�:.+`'� or any other address &�rrower desi�enutes by notice w Lender. An�� nu�iue �o Lendor �hall�be gi��en by first cluss mail to
<br /> - '�"'.r{�` - I,ender's uddress stated herein or uny other uddress L.enJer Jc,ignate.hy nrni�+�ai BnrroH�er. Any nat{cr provided for in this "
<br /> '�;;,�f•`�' ., Security Instrument shall be dcemed to huve bcen givcn ti�Borrower nr Lender w�hen given as provided in this paragraph. �•`'�+.
<br /> '1.� � �•`'• :^�,,: . IS.Coverning Law: Severability. This Security In�t�ument sh:�tll be ga�•crned N�� faicrvl law and the law oftho
<br /> �� � ';• •;�: jurisdiction in which the Property is located. In�hc event that un�� prm�i�i�m or cl;�us�of•thi�Securiry Instrumem �ir the Note
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<br /> �y«��,•;�f,,.,._<<, cun(licts with applicable law,such rnnflict shall n��t aff��t other pm�•i.ion�al'thi.S�rurity In�[rument or the Note which cun be
<br /> ;, ' •�.„Si�ti�;'`4',(G- given effect without the rnnflic�ing provisi�m. To�hi�end the pro�•i�ii�nc ol'thir Sc�vn�y Ins�rumcn�und thr Notr sue declured k. .
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<br /> , �,_.•;;;,�..'`, to be severable. d.
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<br /> j i • 5" � •'��:�.��,.,, 16.Borrower's Copy.Borrower shull be�tiven une r�mli►rn�i copy af the hote and�►i'thir.5�.�:urity In�lrun�ent.
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