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<br /> pymenb m�y no lon4er be roqu{rod.q the optinn ot Lcndcr,iP mon�ye insu�nce coven�c(In Ihe�nx►unt.+�Tor Ua�alod
<br /> th�t Lader roquirc�)proviAed by�n incurcr a�mvod by I.ender�ain baon�avdl�bla�rd is abt�lnad.Bc�rmwer�ll p�Y
<br /> the prcmiunu roquirod w m�intdn mort�Qe insuranoe in�ffect.or w provide�low raerve.until�he roquinana�t far moryqa
<br /> inwnnce aid�in�x;orduico with�ny wrluen��tamonl betwoon Borrawor and Lender or�pplka6k law.
<br /> f. lu�pectloo.L�ender or it���ent mny mdce reasorwble entde�u�►n and inspectianr oi the Praperty.l.eoder duJl�iva
<br /> Sorrorover natice At the time o!or pdor to an ieupectlon epecffyin$re�e�Ma c�ut+�fix�he ina�+ctiM►.
<br /> �, 10.Coadaaaatbn. 7be ptaceeds ot ony�ward or claim fur dumagos, diroct or consequen�iwl,In oonnoction with�ny
<br /> condemtu�tion or dher ukjn��i any p�n of the Pmperty.or tor convoyence in liou ni cwKiamraulon.�r�henby w:s�iQn�and
<br /> rlWl be paid m I.eMer.
<br /> In�ha event of a taal uking of the Propany,the pracoeda shall bo a�pliai to the wma securod by�his Security Instrument,
<br /> whelher or not then due. wlth any excass�wid to Bomower. In tha event of a p�Aial talcing of the P�vpeny in which the fdr
<br /> • .' . . marlcd value of the Propeny immediataly bcforc the taking ia oquul to or Qreater than the wn�wnl aF 1ha suma savred by this
<br /> Secudty Instrument immodiatcly bcforr thc taking. unleu Borrower anl Lender otherwise Agrco in wrfUng. A�a sums secured by
<br /> .ti:��£.. thia Secudty Irxtrument shalt be rcduoed by the amount of thc praceods mul�iplial by thn fallowing frxtion: (a)the total
<br /> r' +��•° anwunt of the sums saurod immedisuely befon the wking.dlvided by(b) 1he fair markct value of the PropcAy immodiately
<br /> I , � befo►e the talcing. My balance shalt be paid to Borrower. In the evem of a partiol Ieking of che Prupeny in which the fiir
<br /> marlcet valuc of the Properry imme�iately before the�aking is less then U�B amount of the wms secured immediately before�he
<br /> taking. unkss Borrower and lxoder otherwise agree in w�iting or unless applicable law ahcnvise provides.lhe procads rl�ll
<br /> ;. � ;:� � be applted W the suma secured by thia Securiry Instrumcnt whether or not thc sums are thBn due.
<br /> _ ._.. • '�}�'�'•''y"' ~ IP the E'roperty is abandoned by Bornower.or if,after notice by L.ender to Borrower that the rnndemrwr offcB to make an
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<br /> ,,,;;,;�; ; � �'ti'�•-'"-'�'�'���:�'••••: award w settle a claim for damages, Borrower fctils to respond to Lender within 30 dnys after the date thc notice is given.
<br /> ° ' �•`. ` ,.• ` Lender ls authorized w rnitect and apply the proceede.at its option,either to restoration or repeir of the Proporty or to the sums
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<br /> . . �� secured b y this Sacuri ty Insavment.whether or not �hen due. _
<br /> ` � � � ' Unleas Lender and Borrower othenvise agree in writing, an� application of proceeds to principa! shall not eatend or
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<br /> � • �•,: -.;'�f�, postpone 1hc due date of thc monthly paymenta rcfernd to in paragraphs 1 end 2 or change the unoun�of such payments.
<br /> ' x::;_-�-:::,.__���„'� ��: ll.Borrower Nnt Rdeased;Facberrw�ce By l.ender Nqt a Wafver. Estension of the dme for payment or modi�cwtlon
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<br /> 4� �";��'�� �� ` � ' of anwrtization of the sums secured by thie Secudty Instrument granted by L.ender to any wcce�cor in interest of Borrower shall
<br /> �'�:"�'�''°.`. ��' ��' not opente to release tha liability of the original Borrower or Borrower's successors in interest. Lender shell not be required to
<br /> % � ` ` � ''�.�,�'�+�.:.� commence proceedings aga�nat any successor in interest or refuse to extend timn for payment a dMrwise mndify+irtartization
<br /> ' - '��''���'�' of tha swn.g secured by this Security Inslrument by reason of any damand made by tha original Barrower or Bomower's
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<br /> `��' ' ,s:_; .=, �•,,.�;�:;��.'ss• suacessors in interest. Any forbwr�nce by Lendar in eaercising any right or remedy shall not be a wAiver of or preclude Iha
<br /> � ��;�s:.�� exercise of any right or rcmedy.
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<br /> •....�;•.•• r�•••. - 12. Successors a�id �ng Bound;Joint and Several Uability;Caaigners. The coverm�ts and agreements of this
<br /> . Secudty InstrumBnt shaU bind and btnefit the succeasors and acsigns of L.ender nnd Borrower,subject to the provisions of
<br /> ;. ' �' ' paragraph 17. Borrower's covennnts and agreements shall be joint and several. Any Borrower who casig�s this Security
<br /> , ` • • ,=:.�ri���;;���. , Instrument but dces nat execute the Note:(a) is casigning thia Security lostrument only to mongage,grant und convey lhat
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<br /> ;<<;,, ;��.��' &►rrower's interest iathe Property und�r the tcrm6 of this Security Instrumenr,(b)is not personally abligatad to pay�he sums
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<br /> : ,;�<<.. ., sacured by tt�is Secu�ity i�strument;and(c1 agraes thut Lender and any othar Bc>rroWer may agree to ex�end,modify. forbear or
<br /> � . v� •�; , � mtke any accommodations with regard to tha termr;at thix Security Instrument or the Nute whhout that Borrower's mnsent.
<br /> • ! � � . 13.Lo�n Cherge9. If the loan secured by this Security Tn�trument is subject to a law which sets maximum loan chargBS,
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<br /> ;,. , , , ,,, , and thaL tew is finally Interpreted sa thot the imareat or athar luan charges collected or to be collected in rnnnection with the
<br /> 'r"' '�:' � � loamaxceed d�e permittod limits.then:(a)any such•lunn chargu�hull be Rduced by the amoun► necessery to reduce the charge
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<br /> �I+ to the pernutted limit;and(b)any sums already collected from Borrawer which exceeded permitted limits will be refundad eo
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<br /> � '�� Borrower. I.ender mny choose to meke this rcfund by reducing the principal owed under thc Note or by msJcing a direct
<br /> � � � `: paymenl to BoROwer. If a refund reduces principal, thc reduction will be treated as a p�artfal prepayment without any
<br /> � ; ' �'� prepayment charge under the Ncxe.
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<br /> 't' . - -'—'`��'�:';;;f;t:,f 14.Notiees.Any naice w Burruwer provided for in this Security In�trument shall be given by delivering it or by msiling
<br /> " ,.. � � '`��;�;,�'•'��i'�•, it by first class meil unless applicable luw requires use uf another methai.The notice shall be directed�o the Property Address
<br /> � ' ��'.;i��y�'�`.� or any other uddress Borrower desi�tnutes by notice w [.ender. Any nwice ta Lender shall be given by first cluss mail to
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<br /> ��.•, , ;:;;�•;;.�,�� Lender's sddress stated herein or nny Mher s�ddms.lcnrl�r de�ienalec by n�tirc to &+rrower. Any notice provided for in this �,. �.-
<br /> :h.'`<�•• i�.� � ,�'�:;�:t�.;; Security lnstrument shall be deemed to h�ve been�iven to BuRawer or Lender when given as provided in this p•rrogrnph.
<br /> �;�� �' l3.Coverning Law; Sevembility. Thiti Securitv lnstrument rhall bc govcrncd b�- fedcral law and the law of the
<br /> �� � �' � "�""� jurisdictian in which the Property is Incated. In the event th�t un��provixion or rluuse of this Security I��trument ar�he Note
<br /> ���' � �;`��_ � , ; conflicts with applicuble law,such conflict shall not affect othcr pruvi,i�►m of this Security Instrument or the N�ite which cun be
<br /> • given effect without the conflictin�t provision. To thi�end the pr�►vixions af this Security Inslrurnent and the Note ure declared ,.
<br /> .;T��r . , ; , to be severable. i�..�
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<br /> �"� •� �`'� 16.Borrower's Copy.Borrower xhall be�tiven one cooliimied copy of�he N�u�anJ nf thi� Security Instrument.
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<br /> ks� ;�. `' , Form 3028 9180 •
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