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<br />-- . : �ioager be t�quiroc4.at'the opt�an of Len(tet.if mc�tgsge tasteisaoe�c�ve�ge{in`�����f f�petiod � �
<br /> `�� ...
<br /> � � tae�ieaniums�rEquii�ed ta�matat$itt mortg8ge tnsufamoF in.effoct.or to proviade a to�s:ceserve.nntil the cequieemeat�or,a�t8age�, -
<br /> - .iasuraaoe eads in eaoosdaa+oaait��ny arlttm a�nt 6etweeu Boia�owec���os spg}�cable law. � ..
<br /> - --. . 9..Inspe�toa.�.wder ar its ageut may make Yeasoaabtg eatrtes apog aad inspeqtoma of the Propetty.Leader sl�lE$t�►e � . �
<br /> � .,$ormwer r�'dce st the time of or piior W an iaq�eci�on spedfyin��easonabte ca�se for the�inspeqton: . ` � , _
<br /> ,. � � �0.Gan�bTpn.The pmceeds of any_award or c�m for da�ages,ditect or.wt�sequetttial, in oo�an wtth any
<br />- - --° oa�id�un or otber ts�ng of af. Frope�ljr,or fa�r oaavey�oe in ti�of cond�aff,era ha+eby asRigaed and
<br /> - �►3►P� � �- - - -----
<br /> �,_, - - - . sbaU be paid to Leuder. ' __
<br /> _ __�_� _ ._ _
<br /> �. Ia.ih�_ev�t of a,tatal taking of the Piogfct�..�he�rac�eeds_sitall ae applied to We.suaos sacu�d b�►this Seauity insuumeai,_ __
<br /> __ , _ .
<br /> - - --- - -
<br /> ;� whetaer or not tIlea due.with any�xoe.ss paid w Borrower.Iu d�e event of a pmtial taIdag of the Propeity in which tbe fair --- -
<br /> -.'-:, market vatue of the Prope:ty imm0diatety 6efon tQe ta�g is egnaE to or gre�er tbau tfre�u�nf�he sums secaued by tLis =___- ----
<br />�' Seeuriry fns�ument ict�;ediatety befure the taldngx,nnless Bo aud I.eu�er otherwise m t�e sums sec�ued ;:. .��'°""'°°"'�`"_
<br /> t�eia�. ag�e� cvr�ing�.- bY
<br /> this Ssc;uiity�sh�be reduced by th���uctt.af a���s�tied by the foIIowin��r�tion: (a)tae wta! ----- -
<br /> ,..,�. amount of.tne�uiS s�i,�d�i�y i�efar,�tl�;ia�g;i�iit���+::,f�"��e€�r;�c'�,�te of�8ne Ft�i.�:ectY*�,-;�°?�+ ���.Q -
<br /> �;� k,;_ '�n befoie t?�e�g !�:b����Pac�.ta So�roiver 1(�.t'Ite e��smf'��a:.��x?�:�e�t3t��t�he��aar :•.���,,,�. _
<br />-�, ..�•- arark�'t vc�Iiie:ia��e�cey iminedi�te[y before thetakm$u�SS-¢�aa���aae�e�����amed�iately be�are�� ��-��- •
<br /> �. ��,�'�i ,ra�g �aia2e�s$m��and tr.nder otherauise agae ia�ver►t{a��sr uatessa�s�6�Te la�u e�sise pcovYdes.the prooeeits s4alI �_�
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<br />� ��.;;`�� �f , be agpi'�to the sums secvred by tHis Security Ins�t w��er or not the swns are then due. r�� -
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<br />_:�,: ,4 ,¢'`}g�, If the �s abanaoned by Bortower,or if.atter natice b I.ender to Borrower thai the eondemnnr offezs to matoe sa -. ,. ,. ----
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<br /> =n�� � award or seule a claim�for damages.Borrower fails to�espond to Lender within 30 days aRer the daie tfle aotic�e is given. , -----
<br /> - ��=�%~���-_ ` `�}'�2�
<br /> .:;:,: , , Leader is suthorized to oollect end apply the pr0000ds,et its optioa.either to�+eesWratioa or repair of the Prope�ty or w the swns . �.�r��
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<br /> . � �� �c�� secured by this Securlty Instrument,whether or nat thendue. •�='.z: :� =-- -
<br />- '� ' Unless I.ender and Borrower otherwise agcoe in writing, any applicazion of proceeds to principal shail not extend or . � � s�..�-
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<br /> �t���:;�-�':_�:: �:�':;-� postpone the due date of the monthly payments refemed to in paragraphs i and 2 or change�he amount of such Qayments. °�°�ti_. _
<br /> 2
<br /> `` �''�'�� ��`=��� � U.Bon+uwer Not Released;Forbearance By l.ender Not a Watvice.Extension of tiie time for payrttent ur madifccation p:. : ��,�. _
<br /> . of amortization of the sums secured by this Securiry Insmiment granted 6y I.ender to any successor in interest of Bormwer shall `. '��: `
<br /> � � . not o to retease the Ilabili of the ori na!Borrower or Hormwer'a successors in intetest. l.ender shall not be �aired to � �'''�
<br /> Peratc ry �i �1 ...4.;_.
<br /> ' '" ' -. �� oommence proeeedings agalnst any successor tn iaterest or refuse to eatend time for payment or othenrise modify amortization ' - � L �
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<br /> � ` �t� ��`' of the sums secuted by this Securtty instnimeat hy reason of any demand made by the original Bortower or Borrower's � � a•,
<br /> `�„ ��'r,
<br /> -' ` _ sttccessors in interest. Any fotrbearance by Leader in eaercising any right or remedy sf�all not be a waivu of or preclude the ' � �
<br /> . . � exercise of any right or remedy. �� � r�-:-
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<br /> r . 12. Successors and Assigns Bound:daiat end Several idability;Co-slgners. The covenanu and agreements of this .�;' ':;:. :� .' :: ,�
<br />- � .� � Securiry Ludument shnll birtd and beaefit the successors and assigns of Leader and Borrower, subject to the provisiops of ' ' i
<br /> - : �, paragraph 1'I. Borrower's rnvenants and agreements shall be joint and several. My Borrower who co-signs this Security •,., , ?' , S=
<br /> :.,; -•-'�•����'.-�'-- � • Instrument but does not execute the Note:(a)is co-signing this Security[nstrument only to mortgage, grant and convey that ••:;:�..;.; � '�`
<br />- � �� '`` " ��� Borrower's interest in the Property under the termc of this Security insuuraer�t:(b)is not personaliy obligated to pay the sums �'�� 'y�±
<br /> .-'4 t't': ' . ,'''r':r. ' .:-�- , _
<br /> . .: . - secured by this Security Instnunent:and(cl ag�ees that Lender and any other Borrower may agree to extend. modify.forbear or '' :":'�:._. ' _
<br /> ; ' ' ' • make any accommodatians with regard to the tem�s of this Securiry Instrument or the Note without that Borrower's consent. '"
<br /> • ` �' 13.Loan Chatges.If the loan secured by this Security Insdvr.tent is subject to a law whicb sets ma�cimum loare oharges. ,.:,.;:},G'� j�
<br /> s '' < � and that law is finally interpreted so that the interest or other loan charges collected or to be coUected in conneaion aith the '_;��'�� �; ,��.'
<br /> - �, f :'• ' - loan exceed the pemritted 6mits,then:ta)aay such loan charge shall be reduced by ihe amount necessary t�reduce the charge ;,':,.���'�` ��, �;,
<br /> -'�-; �.�: ._ " � ' to the permitted limi�and(b)any sums atrea�p collected fram Bonower w�:ch exceeded pernutted ti��i will be refunded to '� ,`;;:+7�t�;ti:t.;�:`; '.s;,�y
<br /> :;�` Borrower. Lender may choose to make this re�zrad by mducing the princ�al owed under the Note or by making a ditect �•=4��:'� "••
<br /> i. � ••.,, , � . :
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<br /> payment to Borrower. If a refuna reduces principal. the reduction wi➢I 6e treated as a partial prepayment without any ���,:��,,
<br /> -.�.+ ` � ��` �� , pmpayment charge under the Noie. ��
<br /> ° � 14.Notiees.Aay notice to Borrower provided for in this Security Instrur.tent shall be given by delivering it or by mailing . • ' =
<br /> - � • • . ' . it by first class ma3t us:tess applicable law requires use of another methad. Z'h�notice shall be directed to the Property Address . , ,
<br /> • • � or any other address F�orrower designatcs by notice to Lender. Any notice to Lender ,hal! be given by first class mait to • =
<br /> �;�, ' � � Lendcr's address stated herein ar any other addreas I.ender designates by nntice to Horrower. Any notice provided for in this '��;�t,, ;;;�.;•,'_; ��
<br /> . • Security instrument shall be deemed to have been given to Borrower ur Lender when given as provided in this paragraph. r' �:• .
<br /> . � . ° • 15.Caveraiaa„ i.aw; Severabllity. This Security Insirument shall trc govemed by federal taw and the law of the �1 ��t � ., ; •�. ���~'
<br /> ,•;.,,'�.,;:c�::�: .•`.:.':•`;:
<br /> - ���, �; ' • " jurisdiction in atur,#s che Propeny is located. In the event that any provisi�,n ar clause of this Security Ustrument or the Nate �. `'.';`.•.:_.; ��..;,4���;.::
<br /> ••• , conflicts with applicable law.such conflict sh�ll nat affect nther provisions of this Security Instrument or the Note which can be '.�'::�. �,�•.�;t'�`'��.
<br /> ' �"• • ' given effect without the conflicting provision.Tu this end the provision.��f this Securicy lnstrument and the Nuce are declamd . •
<br /> �. .
<br /> ;',�•" . to be severable. . . ... :
<br /> : :� 16.Boerower's Copy.Borrower shull be given nne cunfamial cupy of the Note and uf thi,Security Insuument.
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<br /> 1: . Form 3028 8190 .
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