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<br /> p�ymene�mry no lory�er ho required.u the optian ot Le+der,if mortQ�e inwrwioe covec�e(in thc unount u�d for tla petiod
<br /> tlwt Lender requ(rpo)provided by An inw�cr pppraved by L.et�or��ain beoome+Rvdlable and i�obuitKd. Bormwer�hall p�Y
<br /> the pramiwqs requirod to m�int�in rtxnt�e inauranee in ef�'ect,or to provide a las raervo,unNl the roquinanent for mott�e
<br /> intutNnc+a eard�in a000rdu�c�e with�ny wdtten�reement betwca�Brnmwer and l.ender or�ppNcabb I�w.
<br /> !.Intpmctfoo. LeMar or il��ent may m�ka oeuon�bb aNria upon uid inrpoctions ut the PropoKy.Lender�ull Bive
<br /> Borrower notice u the time of ar priar ta nn inspeetjon Qpocifyin�n�onable aw�e for the incpection.
<br /> 10.CoadaaaAtMw. 71ie pmcada of wny awani or eldm for dunaQe�. diroct or conca�uenti�l. in coiu�octbn with a�ry
<br /> ' oondemnrtioa or dhcr Wcin�of�ny p�ut oP the Pr�operty,or for coavey�noe in lieu of oondeauuda�.aro hercby wi4nod�nd
<br /> tiwll be pwid w I�ender.
<br /> ��x; In t6e evrnt of a total talcing of the Property,the proceed�shdl be�ppliod to tha Rum9 cecurod by thi�Secur�ry Instnunaa.
<br /> ''' whether or not then due, wi�h Any oaceac p�id to Horrower. In the avent of a p�rti�l taking oP the Property In which the f�ir
<br /> mAtka value of the PropeRy immediately before the talcfng ic equol to or gneater tlwn the prtwunt of the cuma saunad by this
<br /> Securiry Instrumcnt immediatcly beforc the wicing,uniess Borrowu and Len�ler otherwise Agreo i�writin�.the au�re socured by
<br /> �his Secudty Instrument shefl bc roducod by tho amount of the proceodr mulliplted by the following fractio�:(a)�ho toW
<br /> amount of the sumg secured Inunadiately before the taking.dividod by(b)the fair market value of the Property immadf�tely
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<br /> before the takMg. My balance shall ba paid to Borrower. In the event af a parii�l talcing of the Property in which the fair
<br /> market value of the Property immediately before the talcing is less than tho emount of the sums securcd imm�ediately beforo the
<br /> taking.unles�Borrower and Lender otherwise Agnee in writing or unleas epplicable law otherwise providea. tha procxedc�lull
<br /> be appliod to the sums cocurod by this Sdcurity Inslrument whether or not the sums aro then due.
<br /> .!��� If the Property is abandonal by Borrower.or if.after noeice by Lender to 8ormwer tlwt the condemnor offer�to mako nn
<br /> �. „ ,_, •. , 4 award or settla a claitn for danwges. Borrawcr fails to rcspond to l.cnder witfiin 30 days after the date the notice is given.
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<br /> ;'�{�'''!�Kji�k,�,'S. Lender is euthorized to oollect and epply the proaeds,at i1s option,eitlkr ta restoration or repair of�ha Property or to�he wa�c
<br /> '•,;� �r?.�"s,� sccurad by lhia Securlty Instnunent,whether o�not then due.
<br /> ���' '�' � �`Y��''��� Unless Lender and Borrower otherwlse agree in writing, any application of proceeds to princlpal sbell nat extead or
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<br /> �,_•.,,, ,; ,�:�•.,: :�,,,_ postpane the due date of the monthly payments referred ta in paragraphs 1 and 2 or change Ihe amaunt of such payments.
<br /> • '� I1.Borrower Not Iteleasedi Forbearance By I.ender Not a Waiver. Extension of the time for payment or madification
<br /> _ ` ,� _ ' of amoRization of the sums secured by this Security instrument granted by i.ender to any successor In interest of Borrower shall
<br /> �u"�� •�.�'�;' not operate to release the liabiliry of the original Borrower or eorrower's successors in interest. L.ender shall not be required to
<br /> "•� , commence pmceedings against any successor in interest or refuse to extend time for payment or otherwise modify runonizatian
<br /> '} • �, .�:,r;�,; '�... � of the sums secured by this Secutity Instrument by reason of eny demand made by the original Borrower or Barrower's
<br /> ' • successars in interest. Any forbearance by Lender in exercising eny right or remedy shall not be a waiver of or preelude Ihe
<br /> .' r,�� .,, i�':.r..:�-a�.. exercise of any right ar►Cmedy.
<br /> �;�,•� • t3. Suaeasore and AcsiQns Iiound; Joint and �everW l.IabUity; Co-sigaeis. 'The covenona and agreements of this
<br /> �� � ' �� '� � Security Instrument shall bind rnd benefit Ihe successors and assigru� of I.ender sud Borrower. subject to the provisions of
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<br /> ;� '� > " • . pazagrnph•17. Borrower's rnvenants and agreements shall be joint and severai. Any Borrower who rn-signs this Security
<br /> ; �`�� " • Instrument but does nat execute the Nate: (a) is co-signing this Secu�ty Instrument only to mortgage. grnnl and convey that
<br /> � , a"°' Bonower's intcrest in tl�c Propeny under the terms of this Security Inxtrument;(b)is not personally obligated to pay U�e sums
<br /> � secured by thfs Security Instrument; and(c)agrees that L.ender nnd uny other BoRawer ttwy agree to extend, modify, forbear or
<br /> „ • ;�� make any accommodatians with regard to the terms�f this Secu�ty Instrument or the Note wlthout that Borrower's consent.
<br /> „ � „� 13. Loan Cluir(�es�If the loan secured by this Security Instrument is subject to u law which sets maximum ban charges,
<br /> •r�y. ,...x�.,...., � and that law is finally interpreted so Ihut the interest or other loan charges collected or to be collected in comectlon wlth 1he
<br /> • laan exceed the pernutted limits,then,(a)any�such loan chttrge shull be reduced by the amount necessary to reduce the charge
<br /> '��� : � to the permitted limit; and (b)any sums already collec�ed from Horrower which axceeded permitted limits will be refunded to
<br /> ' ; ` Borrower. L.ender may chaose to make this refund by re�iucing the principal owed under the Nate or by making a direct
<br /> / , � ' •. ' payment to Borrower. If a rcfund reduces principal, the reduc�ion will be treated as a partial prepayment without any
<br /> ; '� �`''`''r�' �'• Prepayment churge under the Note.
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<br /> , � .._ .� _ _ ,. . 14. Notices. Any notice to Harrawes pro��ided for in this Sccurity Instrumcnt shall be givcn by delivering it or by tnailing
<br /> it by first class mail unless upplicable law requires ux of unother method. The notice rhall he directed ta the Propeny Address
<br /> " or any other address Barrower designates by notice to l.enJer. Any notice tc► Lender shall be given by first class mail to
<br /> �''2� " V 1`;,'�: �� Lender's address stuted herein or any ather addreti� Lender designute�by notice to Borrower. Any notice provided for in this
<br /> � : .. Security Instrument shnll be deemed to h�ve been given to&irr�►wer or Lendcr when given ati provided in this pars�graph.
<br /> � . 15. Gaverning Law; Severability. This Sccurity Instrunxnt shull he governed by federal law and the law of Ihe
<br /> � �•.� Jurisdiction in which the Property is IocAtecl. In Ihe eveM thut uny prm•ision or cl•ruse of�his Serurity lnstrument or the Note
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<br /> �, E� �' �.. . • - conflicts with oppllcable Inw,such con0irt shall nnt afl'ect other provisions of thi,Securiry Intitrument�r the Note which can be
<br /> ' ' . • . given effect without the contlicting provi�ion. To this end the provisions uf thi�Sccuri�y lnstrumenl and the Note are declared
<br /> N, , to be severable.
<br /> d t � �� l6.Borrower's Copy.Bormwe�sholl he given one confomwJ copy��f the Note and of this Security Instrument.
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