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<br /> P�9ments nuy no Ism�a 6e requirod�u the optton oP Lendcr.If mo►ta�e lnwrarwo covera�e(inlfiL�unount� or the per�c�d
<br /> th�t La�de� roquir+ea)provided by u►inwrer opprovod by Lendor�dn becomec�v�ilabla uxl is obtained. Borrowcr�hall WY
<br /> -- — ;;K N�er,�u�:i�air�ci ta�at«:s trartt:;a i�s:ur«r.�!a effr=s,or�o�+rrwi�ie a 1�ne■erve,untjl eM neguieanaK[a mortw�a
<br /> fawranoe enda in wccoi+darKe with itny writton a�tnanenc betwaen Hormwer and l.e�der or applicable low.
<br /> !. Iwpcetbo. Lender or it��ent may mnlce rea�onable etutics upon xnd irupoctiotu of the PropeRy. l.ev�der�liall�tva
<br /> Borrower notlee at the time of or prior to an inrpoction�peclfyin�reuon�ble cwse for the in�pection.
<br /> 10. Corwlea�wiHoa. The proceeds of any award or claim for dem��ea, diroct ar wnsequentid, In wnnxtion with �ny
<br /> cor�tertuwtion or atlkr takin�of�ny pxrt uf the Propetty.or for conveyux�e in lieu of rnndcmnation, are tkreby arti�ned and
<br /> .__...__�_.� sluli be paW to lander. -
<br /> In the event of a totai taking of the PropeKy,the proceeds�hall be applied ta the sums socurod b,y thi�Security Instrument.
<br /> whether or not th�:n due,with�ny excess paid to Borrower. [n the event of a partial txking oE the Property in which the falr
<br /> m�rket vAlue of the Property immedi�tely beforc the taking is eqwl to or grcater than the Anwunt of the rums secured by this
<br /> Security Inatrumcnt immodiately before the taking.unicss Bornowcr and Lender othenvisc agroe in wrhinQ.thc suma socura!by
<br /> = thio Socurity Instrument shall be reduced by the amount of the procads multiplied by the foilowing fnction: {�) the tcxal
<br /> � amount of the wrtu aecured immedistely before the taking,dividcd by(b) the fuir market value of thc Property immediaulY
<br /> beforc the teking. Ai�y balance shall be paid to Borrower. In thc�vent of a purtial taking of thc Property in which the fair
<br /> market valuc of the Property immodiutely before the taking is less thun the amount of thc sums secured immodiately bcfore the
<br /> wking,unlcss Bomawer and[.ender othcrwise agra in writing ot unless applicable law otherwiso provides.the procoeds sha1�
<br /> be appliod to the Fums secured by this Security Instrument whether or not the sums ere then due.
<br /> Jf the Property is abandoned by Bonower.ar if.efter notice by L.ender to Horrower that the condemnor ofte�s ta make an
<br /> -------.--- award ar r�ettle A claim for damages, Borrower fails W re.�ond to I.ender within 30 days after the dxte the notice is given,
<br /> L,ender ls suthodzed to collect and appty the proceeds.at its option,either to restamtion or repair of the Property or to the swns
<br /> exured by this Secudty Instrument.whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing, eny application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments rcferce:d to in paragraphs 1 and 2 or ct�ange the amount of such payments.
<br /> 11.Borrower Not Relw�ced; Forbearance By I.ender Nat A WAtver.Extension af the time for payment or modification
<br /> of amorti�ation of the sums secured by this Secudty Instrument granted by Lender to any succeasor in interest of Borrower shall
<br /> not operate to release the liability of the original Borrower or Horrower's successors in interest. L.ender shall not be required to
<br /> commence proceedings against any successor in Interest or refuse ro extend time for payment or atherwise modify wnorti�ation
<br /> of the sums securect by this Security Instrument by repson of any demand mede by the originnl Borrower or Borrower's
<br /> — -- successors in interest. Any forbearance by Lender in exercising any right or remaiy shall not be a waiver of or preclude the
<br /> _ � cxercise of any dght or xemedY. ,
<br /> — 12. Successors and Asst�n� Bound; Joint And SeverAl Liability; Co-sigrters. The covenants and agrcements of�his
<br /> - Securiry Instrument shall bind and benefit the �uccessors und assigns of Lender and Bonuwer. subject to the provisions of
<br /> paragraph 17. Banower's covenants and agreements shull bc jaint and several. Any Borrower who co•signs this Security
<br /> Instrument but dces not execute tho Note: (a) is co-signing this Securlty Instrument only to mortgage, grant and convey that
<br /> F Borrower's intcrcst in the Propercy under tho terms of this 5ecurity Instrument;(b)is not penonally obligated ta pay the sums
<br /> .r•ccured by this Security Instrumcnt:and(c)ogrcex thut I.ender and any other Borrowcr muy agree to extend,modlfy, forbear or
<br /> make uny accommodations with regard to the terms c►f this Sccurity Instrument or the Note without that Borrower's consent.
<br /> `�� 13. Lam Charges.If the loan secured by this Security Instrument is subject to u law which sets maximum loan charges.
<br /> .� und that law is finally interpreted so that the interest or other loan churges collected or to be collected in connection with the
<br /> ';'� loan excecd the pemiitted limits,thcn: (n)any tiurh lo•rn rhurgc shull be reduccd by the amount necessury to reduce the churge
<br /> "' �{��ti to the perndtted limit;and (b)nny sums alre•rdy callected fram &�rrower which exceeded permitted limits will be refunded to
<br /> ' ;--:R,r.�:s,�l. Bonower. Lender may chaose to mnke thiti refund by reducing the principal owed under the Note or by making a direct
<br /> ` � payment to Barrower. If a refund reduces principul, the reciuction wiU be treuted a, a purtial prepnyment without any
<br /> r,�.,,'. ` prepayinent charge ander the Notc.
<br /> ;.ti•, • �' 14.Notices. Any notfice to Bnrcower provided fiir in this Se.�urity Instrument xhall be gi��cn by dclivering it ar by n�iling
<br /> it by first cl:�.,s mail unless applicublc law requires uye of another methal. Thc nu:ice shall be directed to the Property Address
<br /> :aWa+�a�-t �
<br /> �R__ --tr�:;: or uny othcr address Borrower designutex by nutice to Lendcr. Any noticc to I.endcr shall be given by first class mail to
<br /> a�..,����„' Lender's addre�.s stated hercin or uny othcr addretis L.cnJcr dc�igu�tes by noticc tci&�rrower. Any notice providai for in this
<br /> _ �— Security Instrument sha{l be deemed to have lxcn given to Borrowcr or l.ender whcn givcn as provlded in this para�raph.
<br /> ___��'�� l5.Govet�ting law: Severa611ity. This Sccurity In.r•trument shall he g�werneJ by federul law und thc Iaw of the
<br /> �"""—° jurisdiction in which the Property is locate�. In the event ihat uny provision or rlause of this Security Imtrwnent or the Note
<br /> —'`-;'� conflicts with applicable luw,such cunflict�hall n��t uf'fect othcr provisions of thi.Security Instrument or the Note which can be _
<br /> ��� given effect without the conflicting provision. Tu this end the provisions of this Security lnstrument nnd the Note are declured
<br /> _— to be severable.
<br /> 16.Bormwer's Copy.Borrowcr,hnll be bivcn one confomtt�mpy of the Note+�nd of this Security Instrument.
<br /> .t.
<br /> Form 30T8 8/YO --
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