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<br /> .:� - �� 93_ so�r�s
<br /> P�9�m�y ro lon�er be roqutrod.at the option of I.end�r, if mart��c inaur�nce ooveny�o(L►the�rnount�nd tor the period
<br /> th+�t t.ender requim)provWod by�n insurer approved by ls��der ayafn beoana�vd4bk and i�abWned.Hormwar�hdl p�y
<br /> - ----__-_� the�xaaiva�ra�uirod w maint�ia ma�tY�e inwr�nae io ettect,or co provide�tou raiavo,udll the requirom�et Oor nw�tp�s
<br /> irouranoo onds in a000tdmx with�t►y wri�ten�roemaic betwaa Borrow�er aad t.endet or�ppiic�bie Uw.
<br /> !. I�rpectloM.L,ender or iu�ent m�y m�e reewnsbio entrie�upon�rd i�upoc�tloni of the Property. Lender�U�{tve
<br /> Bort�ower notice�t tho time af or prior to�n irtspectiun spocifyi��ce�a�onrb�e c,awe for the itupec.tion.
<br /> 10. Caod�eNba The p+oceed+of any awud or cl�im for d�n�es.diroct nr consa�ucntiai, in coiu�octbn with �ny
<br /> oondenx�tion or othe�t�kin�of aay prt of the Propaty.or for convey�nc�e in tku uI oondeau�tioo,arc be�y aai�ned wd
<br /> �`.,,-_ �iw{i be prW to[.endor.
<br /> In the event of�toW taking of the Propaty.the procaeds shail be applied w the wma socurod by thi�Secudty InstruntaK.
<br /> whether ar twt the�due,with any excess p�id W iiomawer. la the eva►t of a partial t�king of the Propecty in which the f�ic
<br /> �� rtun'het valua of thc Prqnrty irturKdlately before the uking is oqusl to or grrat�r tt�an tho utxwnt of the wms savrod by this
<br /> Security I�utrument immadiately befoe+e the taking,unless Borrower and Lender otherwice agroe in writin�,the surru cocured by
<br /> thla Socu�ity Instrurt�ent shall be roducod by the amount of the procoals multiplial by the following fn�cdon: (a) the total
<br /> �rpount of the snmc sc�curtd tnunodiatcfy before thc taking,divided by (b) the fair m�rlcet valuC of the Property immediatety
<br /> befone the taking. Any b�iaoce shAll be paid to Hortower. In the event of a partial Wcing of the Propecty in which the f�ir
<br /> taurlcet value of tha Propecty immedintely before the taking is las than the aroamt of the sums socured immodi�te�Y befone the
<br /> taking.unlcss Bomawer ud Lendcr othcrwise agroc in wriGng or unless appficablc law ottienvise provida.the proceeds sh�U
<br /> be appliod w the sum.c secuned by Wis Security Insuument whether or not the sums are then due.
<br />_+ If the Prope�ty is�bandonod by Borrowet,or if,after notice by LerMer to Borrowu that the cotdemnor offeis to mnlce An
<br /> awurd or r�ettie a claim for dart�ages. Borrower fiils to respond to Lerder withln 30 days afler thc date the notice is gtvm,
<br /> _- L.ender is wthorir.od to collect and apply thc procoeds,at its option,either w restorarion or rcpair of We Pn�peity or w the sum�
<br /> sewnod by this�rity instrument.whethc�or not then due.
<br /> Unlas I.ender and Borrower otherwlse agroe in writing, any xpplication of prooeeds co principal sh�ll not extend or
<br /> = postpone tha due date of the monthly payments refcrned to in puag�phs 1 and 2 or change the amount of such payments.
<br /> Il.Bor�+ower Not Rek�sed;Forbearxooe By I.ender Not a Wsitva.Extension of the time for payment or modificatlon
<br /> of amortizAtion of the sulac sec.vn�d by this Seeurity Instrument granted by L.ender to any succescar iu int�rest of Borrower siwll
<br /> not operate to rclease the liability of the origirwl Borrower or Bomawer's suoassors in fnterest.Lender slWl not be roquired ta
<br /> - oommu�ce proceedings�gxinst any successor in intercst or nefuse to extend time for payment or othenvise modify�noctization
<br /> ° of the sums secural by this Socuriry Instcument by renson of any dem�nd made by the originA! Borrower or Bomuwa's
<br /> - sucoessors in intercst. Any fo�by Lender in oxercisu►g any right or nmody stwll not be a wsiver of or predude the
<br /> --
<br /> --�� �� exercise of any right or remedy.
<br /> -_ -.
<br />-_:` :- 12. �uoo�sors and Assi�c iiouutl;3dat s�d Seve�i I.isbilitr; �u-siitw��n.'[t�c�r•a,�.-ti� w� a8tcr��cssts of thss
<br /> - Security Instnunent shall bind and benefit tha successors and assigns of C.ender uxi Borrowtr, subjea to the provisions of
<br /> ,a, paragraph 17. Borrower's covenants and agroements shall be joint and several. My Ba�cower who co-signs this Security
<br /> ;•' Instrument but does not execute th� Note: (a) is co-signing this Security Instnunent aily to moctgage. grant and convey that
<br />;,y : ` Borrower's interest in the Property under the temu of this Socurity Instrument; (b>is not personally obligated to pay tltir surt�s
<br /> �;.: - - secured by this 5eairity Instrument:and(c)agroes that Lender and uny aher Borrower may agrce to extend,modify.forbear or
<br /> " make ony xcommodations with regard to the temu of this Security Instrument or the Note without th�t Borrower's consent.
<br /> !3. La�n CharQes.If the loan securcd by this Security Instrument is subjecy to a law which seu maximum loan clwrges.
<br /> and that law is finally interpreted so that the interest or other loan charges wllectod or to be coilerted in connoction with the
<br />_— �"�n''• loun ezcood the permitted IimiGs,then: (a)any such loan chargc shall be rcduced by tlie amount necessary to roduoe thc chrrge
<br /> .,, � ;;�•::• to the permitted limit;and (b)any sums almady collected from Borrower which exceeded pernutted limits will be refunded to
<br /> � Borrower. L.ender mAy choose to make this refund by reducing d�e p�ncipal owed under the Note ar by mnlcing a diroct
<br />�•��, '`';,,.s,�,,,�,�,,,,, payment to Borrower. If a refund reciuces princip�l, the reduction will be treated �s a partial prepayment without �ny
<br /> �_' }! � 4 �, prepayment rhugc under tha Note.
<br /> - � ���'��•���'�`��•�`� 14.Nutices.Any noeice to Bormwer pmvided for in this Security Instrument shall be givcn by dclivering it or by mailing
<br /> '� J' �`�'`''f'�' "� it by first class mail unlns applicablc law rcyuires use of:uwther method. The notice shall be directed to the Property Addrcss
<br /> . ;: �k1:
<br /> �• +"•%J'" =' or any other address Borrower designates by notice to I.ender. Any notice to Lender shall bc given by fint class mail to
<br /> ,. ..:... .
<br />-�,, "'���,,���•. Lender's address stated herein or•rny other aciJres+Lender d��ignates by noticc to Borrawer. Any notice provided for in this
<br /> -�` :. ��� � S�xariry lnsteument shall be deemed to huve been givcn to Borrower or Lender when given as provided in this paragcaph.
<br /> � �:;.:�:.:-
<br /> - � ,a.R,�••,:,• IS.Governing I.Aw; Severability. Thix Security Imtcument shall bc governcd by fedcrnl law axi thc law of the
<br /> ���'��.-_;_;, jurisdiction in which the Property is kxated. ln the event that any provision nr clausc of this Saurity Instn�ment or the Note
<br /> ` ��,:..,.• oonflicts with appliceble law,such conflict shall ix►t aFfect other pruvisi�ms of this Security Instn►ment or the Note which can be
<br /> ;,;,',fi�+'�=;' �' . given effect without the conflicting provi�ion. To this end the pmvisions of this Serurity Instrument and the Note ore decluod
<br /> � �v'nr�.h�:•
<br /> _;, ,. .;��;,,;�,�-q,. . to be severable.
<br /> ;_��:��,�I:t`-�7��° �> •. 16.Borrower's Copy.Borrowe�shall be given one conformed copy of the Note and c�f this Security Instrument.
<br />—= L `s��' �, Form 3048 91�0
<br /> .,:;R Pp�4 of 8
<br /> '31`i
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