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<br /> :��.._�.._ �__ � 93- �I.�s
<br /> p�yma�mq no IonQw bo�q uired.�t the option af La�der. if moA�e inwnnae oovcnse(�n the unc�unt�nd for the perlod
<br /> d�t l.endor roquinu)p�vided by�a inwror�pproved by l.atder�in 6eoou�avdlsbk nd i�aMsined. Horrow�er�iWl P�Y
<br /> the pnaniurro r�equineal co mdnWe mo�t�a iraurar�e in elfea.ot w provide�loss raerve�wuil thc c+equi�emait fi�mory+�a
<br /> -- ia�srasxx ends in accer3asscc wf�s any wekeess e=s're�ee�t betw�►&xrower a�A 1.�.+�Mu M�pplkable taw. -
<br /> !.Irp�eNo�.l.eMer or its+�ent nry m�ka t�e�ratible entr�a�upon�utd in�pection�of tfie Property.I.aider�ll�iva
<br /> Borrower rotloe�t the time of or prior w an itape�Kbn spaci�yln�reak�t�bk ca�ue for the itupection.
<br /> 10.Co�desaNba.The prooeeds ot my Rw�u+d or cWm for d�nu�a�.diroct or oonsoyuendd, in rnm�ectfem with any
<br /> oonda�uution or otikr Wd�of aay put of tue Property.o�for owrveyanoe in lieu of eondonrutian. ue ha�eby aral�aed�od
<br /> �fWJI be p�W to I.a�der.
<br /> -------- In the event of�t�l talcin�of thc Prqxrty,the proceeds eiuill be applied ta the�w�ra�curod by th(:Sxurity Inknuner�t,
<br /> whdber or not tl�n due,with�ny exoas p�id to Bomnwer. In the event of a partid taking of the Property in which the fair
<br /> muket v�lue of the Propeny imnediately beforc the tAking is equal to or gne�ter tlun the�uriount of the wms sa,urod by this
<br /> Security Instrumau irtunediateJy bcforo the taking.unlw Bomnwer and Lende�othetwlsa sgra in wrldn�, the wrt�c�ecutnd by
<br /> this Secur�ty Insuument e1W) be reduoed by the amount of the prooeeds muldplied by the following fiactIon: (a)the toul
<br /> urwunt ot the wm secured inunediately before the taking,divldod by (b)the fiir market value of the Pmpe�ty fmmedi�tely
<br /> befo�+e the qking. My talana sis�ll be pnW to Borrawer. In the event of a partiil taking of the Pmpercy in which thc fair
<br /> market value of the Property immodiatdy before the taking is laa tlan the amount of the sums secured immedlately beforo the
<br /> tticing.unkss Horrower tnd l.ender otherwlso agroe in writing or u�las applicxble law otherwlse provldes.the prooeeds�hall
<br /> be�ppikd ca the wrns ucurod by ttis Security Irutmment whecher or not the wms am thrn due.
<br /> li th•Prop�ty.is�xf by Barrower.or if.after rotiee by Lender to Borrower that the oondemnar offerc to mdce aa
<br /> Rwud ot settle �claim for damages. Bartower fails to respund to Lender within 30 days after the due the notIce la given,
<br /> -- - -�---. --- � Ircnder is authorizod ta calloct and apply the pr000eds.at lts optioa. elther W rtstoration or repair of the Property or to tha euma
<br /> cecu[ed by this Sccurlty Instrucnent.whettxr or not then due.
<br /> Unless Le�r and Borrower othenvlse agra In writing, u�y application of procads to principal shail rat extend or
<br /> postpone the due dau of the monthly paymenu referred ro in paregraphs 1 and 2 or change the ariwunt of snch payments.
<br /> I1.Borrower Not Rde�ed;Forbearana By Laider Not A Waiver. 8xtension of the time for payment or moditication
<br /> of amortiuulon of the sums secured by this Security Instrument gnntal by L.erxier to any successor in inte�rst of Borrower ahall
<br /> not operate to relwse the liability of the original Borrower or Borrower's successors in interest. Lende�ehall not be roquirod to
<br /> comrt�oc proccedings ��inu ar►y wooessor in intenst or nfusc to extcnd time for paymrnt or otherwise modify amortlution
<br /> — of the sums cecared by this Secudty Insaument by reason of any dem�nd made by the origtrwl Borrower or Borrower's
<br /> successors in intecest. Any forbearAnce by i.ea�der tn exercici�g any right or remedy shall not be a w�iver of or prccl�e the
<br /> eaercise of any right or remedy.
<br /> !2. Ss��fd!►�lrse.s B�.eel�; Jo4l�t e�[! S!v!�re! Llc�t�l(ky; (`�►acignMx. Tl�e onvenantc and agneetnents of tl�ia
<br /> ����.� Socurity Insttument shall bind ud benefit the successors and assigns of I..ender wid Borrower, subject to the p�ovi�sioas of
<br /> pazagraph 17. Borrower's covenaais and agraments shall be joint and severat. My Borrower who co-aigns this Sea�city
<br /> Instrument but does not execute the Note: (a) is co-signing this Secudty Instrnment only to mortgage,gsant and convey that
<br /> Borrower's interest ln the Property under the terms of this Security Instrument;(b)is ncx personally obligatai to pay the sums
<br /> secured by this Security Inctrumenr,�nd(c)agrces that Lender and any other Borrower may agtce to extend.madify.forbear or
<br /> .,.,!^ -' make any accommodations wlth regud to the terms uf this Security Instrument or the Note wiahout th�t Borrower's consent.
<br /> l3.I.aaa Clwrges.If the loan securrd by this Security Instrument is subject to a law which sets maximum toan charges,
<br /> y� :;• end that law is finally intecpreted so that the interest or other loan chazges colluted or to be collectod in connection with the
<br /> ,, lov►exceed the percnitted limits,then: (a)uny such loun charge shaU be reduced by the amount necessary to reduce the charge
<br /> `''''+'`���''�, to the permittod limit; and(b)any sums already collected from Borrower which exceeded permitted limits will be refundod to
<br /> � �,,:,..��' Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by malcing a direet
<br /> �,..�y.
<br /> ,.,,,. .!..�s'�" payment to Borrower. If a refund reduces principal, the roductian will be treated as a partial prepayment without �ny
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<br /> , ,�:, `• prepayment churge under the Note.
<br /> 14.Notiees.Any notice to Barroaer provided for in this Security Instrument shall be given by Jeliverins it or by mailing
<br /> • . •�••�- •• it by first claxs mail unless applicable law requires use of another methai.The notice shall be directed to the Property Addre.tis
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<br /> �;��,���,�,,,y,�,� or any other address Borrower designates by notice to L.ender. Any notice to Lender shall be �iven by first class mail to
<br /> _--__ -- Lender's add�+ess stated herein or any othcr addrcss Lender designatcs by notice to Borrower. Any notice providod for in this
<br /> _ .r='.'�'Y'.�'i� Socurity Instrument shall be dcemed to have bocn given to Borcowcr or I.ender when given as provided in this paragraph.
<br /> °� -`���`' IS.Goveening I.aw; Severability. This Socurity Instrument shall t+e govemod by foder.tl law and the law of the
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<br /> =_=`�'`��� jurisdiction in whlch the Pmperty is located. [n the event th�t an�• pro�•ision ar clause of this Security Instn►ment or the Note
<br /> —��:��;_•�:�� oonflicts with appltcable law,such conflict shall not affect cxF�r provixions of thi�Security Instrument or the Note which can be
<br /> ��k:�-� given effxt withaut the rnnflicting provision. To this end the provisions of this Security Insttument and the Note uY declared
<br /> '�x=%����4� to be severable.
<br /> ��"'���`:��."' 16.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security lnsuument.
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