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<br /> •..,a�,r�v";� '" , p�ymaw m�y no toa�er bo roquirod,u the optioa of Lender.if mort�aye iawrwa cover �(ia the�nwunt�ad tor ti�e perlod
<br /> _ - ` •-•-��- that l.ende� mquiro�)�mviAed hy wn in�ur�aFprov�!by Lsn�r aPtla becomes sve!lable uM is obt�inecl. Mrn�war sinil�y -
<br /> '�� �'°-'� ' tl►e p�+emiu�ru requirod to nuintala mort��e iruunnce in effxt.or to provide�lou rc,urve,until tho t+equiremeat for moR�a�e
<br /> ^rY��� ia�urar�ce endi in aawrdaace with�ny wdtta�agreement betwan Born�wer�nd Lender or applic�ble law.
<br /> !, ,'` .. . 9.Inpectioa. I.e��der or itr a�ent may m�ke re�uonable entri�upon�tsd i�upactioru of the Propeny. Lender�hall give
<br /> .� �; Aoctawer ratice u tbe ticae of o�prio�to u�in�pection ipeeityit�re�wn�bk cwse foc tbe impoction.
<br /> .. 10. Coadtm�tlon.The praceeda of iny awud or cl�lm[or Ja�na�a. direct or consequentiat. ln connatlon with any _ ___
<br /> ; .. � coademaatioa or other takinR of�nY P�of the Pmporty.or for cuavey�ace ia lieu of coademostion. �re hercby suigned s�ad ` -_
<br /> �� � s6all be paid to Lender.
<br /> •+�+�,. , .. r. . In the evrnt of a tota!tolciaQ of the Property,the proceeds shali ba applial to the sums socured by tMt Secudty lnstcument. ----
<br /> =-.� whether or not thea dua. witb�a excess d to Barrower. In thc event of a ial c�icin of the in which tho falr �"`-"
<br /> __c:_..'.� . Y Pil P� 8 p��3' �".';ra,n,
<br /> marlcat value of the Propecry immodi�tely beforo the taking ls oqwil to or�{rcauer than the uncwnt of the suma secured by th� ` •
<br />-,�.:,;;.� " Security Instcumeat immodiately boforc the tAlcing,unlas Rorcower and l..encler otherwiae agra in wrltjn�, the:wns secuced by ---
<br /> ••:��;_ this Security Instrument shall be rafuced by che unaunt of the procoeds multiplied by the foltowin�fraction: (s> che toul °�" -
<br /> _�;: � ` aaaunt of the sumf soeured immoctiately before the ta{cing.dividal by (b) the fair matket value of the Property immediately
<br /> "�"'� before the c�lciAg. My balu�ce s6all be paid to Borrower. In the event of a parti�l talcing of the Property in which ttie fair
<br /> ;;'-' markct valua of the Property immaii�tety beforc the talcing ls laca th�n thc aznount of the sums socured immodiately befoc� the
<br /> - talcing.uNe.s�Borrower�nd l.ender othenvise agree ia writing or unlesa appllcable law o�herwise providas.the proceals ctull
<br /> ., ba s�ppliai to thc sums securod by this Socunry Iastrument whW�er or not tho wms ue thca duc. �; _,�--
<br /> • If the Property is abandoned by Bortower,or if,after notice by Lender to Bor[ower that the wndemnor offers ro auke an _ _
<br /> awazd or setde a claim for dacnages,Boaower fails to respoad to I.ender within 30 days after the date the natice Is givea, _____
<br /> [.ender ls authorized to collect aad apply the procads,u itt opteon,either to restoratioa or rcpair of the Property or to tbe sums
<br /> secured by this Securiry Instcumnt.whether or not tben due. _
<br /> Ualess Lender aad Borrower otherwise agree in wrltiag, u►y applicatioa of proceais to principal shal! not extead or
<br /> postpone the due date of the moathly paymeats referred to in paragraphs 1 ar►d 2 or change the amount of such payments. —
<br /> I1.Bomowa Nat Rdeasedi ForbmrAnce By I.a�der Not a Waiver.Extension of the time for pryment or modification __
<br /> of a�nonization of tbe sums securod by this Secur�ty Instrumeat granted by L.ender to any successor in intercst of Boaower shall p-��_,�
<br /> not operata to releace the liability of the original Boirower or Borrower's successars in interest.I..ender shall not be requirod to
<br /> comnxnce procadings against any successor in interest or refuse to eatend ttme for payment or otherwise nwdify amoRiiation �'�"�`"`
<br /> of the sums secured by this Seruriry Instrument by reason of any demu�d made by the adginal Borrawer or Borrower's ��j'�`:
<br /> 1 successors in interest. Mv forbearance bv Lender in exercisinR anY�Rht or remedy shall not be a waiver of or pteclude the '
<br /> i exercise of any right or remedy. L=_--
<br /> 12. Successors and AssiEas Bound; Joiat and Severul Ltability; Co-signers. The covenants and agreements of this �••�••�:-�
<br /> Security Instcument shall bind and benefit the successors and assigns of I.ender and Burrowec, subject to the provisions of �
<br /> paragraph 17. Borrower's covenants and agreements shall be joint and several. My Bonower who co-signs this Security �4i�'��;.
<br /> Instrument but does nat ezecute the Note: (a) is co-signing this Secudty lnstrument only to mortg�ge,grant and convey that � 4 �'� �
<br /> Borrower's interest in the Properry under the terms of this Security instrnment;(b)is not personally obligated to pay the sums �. y���
<br /> '. � securod by this Security Instrument; �nd(c)agrees that Lender and any other Borrower may agree to extend.modify,forbe�r or r: ' �
<br /> ! j malce any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. _ _
<br /> .. 13. Loart Clweges. If the loan secured by this Securicy Instrument is subject to a law which sets maximum loan charges,
<br /> � � and thu law is finalty intecpreted so that the interest or other loan chazges coUected or to be collected in connection with the � :
<br /> ' loan saceed the permitted limits,then: (a)any such loan cherge shall be reduced by the amount necessary to reduce the cdazge
<br /> ' to the permitted limit;and(b)any sums�Iready wllected from Borrower which exceeded permitted limits will be mfunded to
<br /> Borrower. l.ender may choose to make this refimd by reducing the principal owed under the Note or by m�lcing a direct
<br /> • payment to Borrower. [f a refund reduces princip2l. the re�uction will be treated as a partial prepayment without any �
<br /> � prepayment chazge under the Note. �
<br /> 14.Notices.My notice to Borrower provided for in this Security Instrumcnt shall be given by delivering it or by mailing
<br /> it by first cl�ss mail unless applicable law reqoires use of another methad. The notice shall bc directe� co the Properry Address .
<br /> ...�
<br /> or any othcr address Batrower designates by notice to L.ender. Any noticc to Lender shall be given by ftrst class mail to i�
<br /> � L.endcr's address stated hemin or any other address Lcnder designates by notice to Borrower. Any notice provided for in this
<br /> . Security Instrument shall be desmed to have been given to Bonower or Lender when given as provided in this paragraph. � '
<br /> 15.Governing Law; SeverAbility. This Security Instrument shall be governed by federal law and the law of the
<br /> 1 jurisdiction in which the Property is located. In the event chat any provision or clause of this Security Instrument or the Note
<br /> * • wnflicts with applicabie law. such conflict shall nat affect other provisions of this S��curity Instrument or the Note which can be
<br /> .�,: given effect without the conflicting provision.To this end the provisions of this Securiey (nstrument and the Note are deciared
<br /> -� � to be severable.
<br /> � 16.Borrower's Copy.Borrower shali be given one conformed copy of the Note and of this Security[nstrument.
<br /> �
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