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<br /> • eortow�r nny oun wch � d�+lt M►6 nlnsfM�, �s Provid�4 in pan4r�Ph te� bY audn0 th� �alion of P��+O
<br /> . � dw�...a wwr+.n,w,o�nu,�n �.«�d.►�.Qoua awn d««mr►.uon, p►.ow+an so�.�ur+a a+.earow��.im«.M N �h.P�opab�
<br /> oqwr m�tMfM ImP�I►en�M d 11+�Yw► awl+d bY Ihla O�aqNy tn�tnwn�nt a Lrndu's uawMy MN�roN. 4a�a�r�hM M�o b�in
<br /> �IwM q SoeowM, dwinp th�to�n�PpM�Mai P��� 9w���Y t�M�or kwoour�t�YNarr�llon a WMn�i1s b Nndu la
<br /> - fs�3 !e �sa�lele 4.enQer wNh M►�t mn�riM In1am�Yon) In oonn�t�lon wllh th� lo�n aklw�o�d bY tM NW�.boA1dM10� bul nol
<br /> _ 1YnN�al to. n4n��ntaMoni ooncKninO Doaow�r'� 000up�nqr el th� P►cR�'ty �� � pN�al�! nddrn�. M 1!* �MY
<br /> Inrtn�rNnt is on a NuN�oid, Bortoww thal oanply wllh a1 th�provNbnt of th� Iw�. M Bonawr aa�uY'�s Nr tIM� to tM ► -
<br /> Pwpwy.th�la��hold md th�IN tMw shaN nol mrp�unl�s�L�ndw�pr�to tM map�r In wrNlnp• �ri
<br /> 7. Prot�ctlon ot Lend�r's RIp1Ns In t1w Prop�rty.M Borrowr hrs to p.rlorm ch.eown.nu�nd spn�n+�t.
<br /> � � co„ar,.d�, �nk s.ou�y M•m,�n.n�, a thw� k a Ipd p►oa�dinq that nwY dpnMo�ntlY aM�ot L��s ripna �n�h.�a�ry �
<br /> (sueh �s� proaedM►g b b�nkruP��Y.aab�M. lor cond�n�n�tbn a 1at�Nun or to�nlorc�hw� a rpuMtbns),th�n L�ndM nry
<br /> do and pay ior wh�1�vK Is n�c�swry tn Wot�ct th�valw of the PtopMy�nd Und�'+►dphta in th�PraQKty. Lrid�r's�clbns -.�
<br /> m�y incfude WY►np any sums s�wrod by � iNn which h�s prbrity ow► this S�axky Instrunwnt, appMrMiO M oo�rt. Wyk►0 �
<br /> rysomWt aftom�ys'tws and �nUtN�q on th� Ptop«ty to nrk��p�Ms.AMhotWh l�nd�r may L�M��oUon wid�r 1Ms p�r�v�ph
<br /> __ 7,Lendsr do�s not h�ve to do so.
<br /> My artaunts diaburaad by L�nder under puay�aph 7 sh�N become addfllomi debt of BorrowM s�wnd by 1hN 8awky
<br /> Instrum�nt. Unbsa BoROwer and Lenda��rs�to other tetm� of p�ymrnt, tha�amounts sh�N bMr Int�t iram tM dd� oi
<br /> �_ Aitburswnent at the Nota�ate�nd ahaY be p�yabk,with k►t�rest,upon notkt itom Lendu to Borrow�r nquMtinp p�lrm�n�
<br /> 8. Mortqsq� Insuranc�. 11 Lender rquked morty�p� Insur�nes as a condfllon oi m�kinq th�Iwn s�ax�d by this
<br /> Securfry instrument, 8orcowar sh�M pay ihe premiums requlred ro malnt�fn th�mortq�fle hsunnce In ef�aat.H,fo►�ny n�son�th�
<br /> mortq�ys Inau��nce coverage requked by Lend�r lapaea a cwata to be in Nlect, 8onowK shaN pay the prnniums roquk�d to
<br /> obtaln covetaye aubsUntially equh�l�nt to the morty�ge insunine� previously fn eff�cl, �t a coat subs1an11aNy equNa�ent to th�
<br /> cost to BoROwer of the mortgaye inswana previousiy k► �tleat, trom m �R�te matqap� Insurx approved by Lmda. 11
<br /> —`�'�"T subspnti�Ny equivpiwil mu�tWyv Aisw�ance coveraye is nnt iVAlI�b10, Bortower ahaN p�y to Lenck�r eaoh monlh s aum�q�W to �__
<br /> on�twdflh of th�ye�rly mort9�ge Insunnce pramWm balnp pdd by Bortower when th�Insunncs covKaq�I�ps�d or ea�sW to
<br /> - be in ettect. Lender w�i accept, use and rNafn these peyments Aa a loss roserve h Ileu of morl�ape inwnnce. LaRe nterve __
<br /> ??'% paymenis may no longer be requked.at the optlon of Lender.B mnrtgage tnsunnee covar�ge (in the amount and 1or tht pK1od
<br /> - that Lender roqulres) provlded by an Insurer approved by Lend�r agak�becomss awWabi�and Is obtdned, Bcrtawer shaN p�y
<br /> •- — the premiums requtred to malntain mortg+ige lnsurance in eHect. or to provWe a Ioss roserve, uniN ihs cequinment to►mortp�ys
<br />- ' insutance ends In accordance with ony wrftten agreemont between Borrower and Lsnder or appNcable lew.
<br /> -�'l� 9. ln$poCtfon.Lenddr or 8s ogent may make reasornble antrbs upon�nd insp�epons ol lh�PropMty. l.�ndK sh�l9hre
<br /> � i wrower notfce al the time oi or prior b an Inspection speellying reasonabie cause tor the inspectlan.
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<br /> 10. Condomnation. The praceeds of any award or ciakn lor damages, dkect or conaaquentlai, in conneMl y
<br /> condemnation a other takinq af any pert of the Property, or for convayance in Yau ot eondermsUon, are heqby tselpnsd and
<br /> shall be pald to Lender.
<br /> �,�%� I� the event ol a totot taking ot the Property. the proceeda ahaN be applled to the sums aeutred hy thia S�wtity
<br /> - Instrument. whether or aot then due,wflh any excess p�fd to 8arrower. In th�event of� QaAial taking ol the Property In which
<br /> '�`��' ihe fair market value o(the Properly immediatey before ihe uking Is equat to or qre�ter th�n the amount of the eum� s�cured
<br /> �" ' by this Sacurlty iriatrument unmediateiy be(ore ii�C iaAk�y, uniess tiorrorrcr and Lander othcmi3e epree N► writh�, 1h� sums
<br /> ,� ,'A�4�i� � secured by this Secu�ity Instrument ahaA be reduced by ihe amount o4 the proct,eds mufllplied by the followtng hacUon. (�)the
<br /> ' ;�'i�••�••�':��?�r����'• total amount of ihe sums secured immediately belore the taking, divided by (b) the tak market vatue of the Property irnmedl�teJy
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<br /> �Y ' -•"''�� be(ore the taking. Any balanco shali be paid to 8orrowar.In ihe event of a paRial takiny ot the Property In wh�h lhe tak me et
<br /> :'P�`�. •,•���•1y,:..;�i;
<br /> .+.�.:: ' �:�."�,':.. • vaiue ot the Property immedlate�y betore the taking is less thm the amount of the aums secured immedletely betore the UkM�g.
<br /> �r.•.:'� ' unless Borrawer and Lender otherwise agree in writing or unless applicabie law otherwise provldea. the procaeds sh�ll ba
<br /> - ' applie�l 1�thw sums ser.ured by this Security Instrument whether or not the sums ere then due. _
<br /> ��= ��•1- 11 Ihe Praperty is abandoned by Borrower.or fl, afler nollce by Lender to Borrower lhet the condemna oHert to makt an
<br /> awerd or settle a claim for damages, Bonower tails to respond to Lender within 30 days after the date the notice is qiven. Y..
<br /> , •".' ' Lender is authorizad to coilect and apply the proceeds, at ils option. either to restaratlo� or repatr of the PropMy or to the
<br /> ''�' ' ^• sums secured by tMs Securiry Insirument, whether or not then due.
<br /> -�L . - Uniess Lender and Bortower otherwise agree in writfng, any appiicatlon ot proceeds to prinClp�l shail not extend or
<br /> �+ �., postpone the due date ot the monthiy payments referred to In paragraphs 1 and 2 or change the amount ot iuch peyments.
<br />- i t. Bo�rowQr Not Reteased: ForbQaranca By LQnder Not � Waiver.Ex�e�s�on of tne time lor payment or
<br /> • � modificat�on of amortization ol !!ie sums secured by this Security Instrument granted by Lender lo any successor In Gtterest ol _
<br /> � • ' sorrower shall�ot operale to release ihe tiabiilly of ihe orlginal Bortower or Borrower's successors in (ntirest. lender EhaG not _
<br /> be required to commence proceedings against any .uccessor in interest or retuse to extend time tor payment or othenv(se ,�_a
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<br /> - modify amortization ol Ihe sums secured by fhis Security inslrument by reason of any demand made by the originat Bortower or
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<br /> 8orrower's successors in mterest. Any forbearence by Lender In exercising any right or remedy shall not be a walve� o( or _�.
<br /> preciude the ezercisr, ol any nght or remedy y__-
<br /> 12. Successors and Assigns Bound: Joint and Severai Liabitity; Co-signe�s. Tne covenants and _
<br /> �''�� , agreements of this Security Instrument shall bind and brnet�t thP successors and assigns of Lender and Bortower,subJeet to the �='
<br /> :� ,r'� provisions ot paragraph 17 Bortower's cavenants and agremients shaN be joinl and several Any Bortower who CO•slgns thls ,__-
<br /> i Securily Instrument but does not execute the Note (a►is co signing Ihis Security Insttument only lo moitgage, grant and convey � .,•.
<br /> �pr•••, `,�j�'.,: .
<br /> P . �%wr � Ihat Borrower's interesl in the Property under the ternu o1 Ihis Secunty InslwmeM. (b) �s not perSOnaNy obliga�ed to pay the -�
<br /> � ,._.,i� . I sums secured by this Security Inslrument. and (c) agrees t��at Lender and any other Borrowar may agree to extend, modify. �����
<br /> lorbear or make any accommodations with regard to 1he tertns of this Security Instrument or tho Note without ihat Bortoweis 4��
<br />-_' � �.'.I consent. �r
<br /> ;� 13. Lo�n Charges. 11 the �oan secu�ed by th�s Security Instrumnnt I5 sub)ect to a taw wh�ch sets maxlmum loan 8'�
<br /> %r � charges, and that law is Gnally interpreted so Ihat the interest or other loan charges collected or to be coMected In conneCtlon
<br /> � ' �` with the loan ezceed Il�e permitted In�uls. thr,n la)any such loan charqe shnll be re�luced by Ihe amount necessary to reduce
<br />- t + " ' the charqo to the penntllr.d hmil: and (hl :tny �•uni�,already collected from Borrower whfch exceeded permilted IImRs will be ,
<br /> E refunded to Borrower L�nder may choose to make this relund by u•duc�ng the princlpal owed under the Note ar by m8king a
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<br /> Airect payment lo t3orrowrr. It a retund reduces pnnclpal, the reduction will be treated as 3 pa�lal prepayment wlthoul any
<br /> . f . � ,
<br /> ' prepayment charge unde•r Ihe Note
<br /> a 14. Natiees. Any nouce to Borrower prowded for in this Security Instrument shall be given by doGve�ng it ar by maiGng it
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<br /> •• by lirsl class n�ail unless app�icable law requires u5e o1 anolher method Th�� notfce shall be directed lo the Properly Address
<br />` . , or any other address Borrower designates by noUce to Lender Any notice to Lender shall be given by first elass ma�� lo
<br /> F,f , . Lender's address stated hercin ar any other address Lendcr designates by nohce to Borrower Any notice provided lor In lh�s ,
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<br /> _�.......,....ti.... ..�,.e.. r,�lrinrl 1n 1MIe nnrenranh
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<br />--._ SECUttty I�Sttumcnt snaii oe�iecme�i io i�.�rc urru y�vcu a. w.�.,..:.� ... ..�....... ........ y..... _- � " --- . „ . '
<br /> � 15. Governing Law; S@V@fabllity. lhis Secunly tnstrument sholl be govemed by tederal law and the law ol lhe
<br />_. � jurisdiction in which the Property is Iocat��d. In the erent Ihat any provision ar clause of this Security Instrument or the Nole
<br /> coMlic�s wilh epplicabte taw. such conl4ct shan not aHect olher provlsions ol this Secunty Instrument or the Note whlch em be
<br />�- given eHect wilhoW the conlhcUng provision. To this end the provislons of this Security Instrument and the Note�re declarcd to
<br /> . :.t... .,, be severabte.
<br /> � ° �` 16. Borrower'S COpy.Borcawer shall be giv��n one confomiud copy ot the Nole and ot this Security�nslrument.
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