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<br /> P�Yment�rnry no lon�a be roqnired.at the option of l.�ender.if mort�e Inwraoce cove�the�rnourit�od for the period
<br /> t!w I.a�der roquirca)pmvjdad by wn inwter�q+oved by l.ender�ain become�av�il�bto aod is obulned. Borrower�II p�Y
<br /> the prwnlunu e+equieed w maf�rain morty�e irournaoe in affect.or to provlde a las rc+wrve.uctl:the nequiraneot tor a�ortpye
<br /> - - imu�ance endc in�oconi�x+�tl�anY rnkt�iwn�t�etweea Bo�ower a�d Iwnd�r r+r,mnli�yle law.
<br /> !.Ie�pectior. Lender ar ita a�au ttwy m+lce maux�ble enuia upon�nd inspectlons of the PropeKy.L�ender sb�ll�ive
<br /> �_ Barower notice u the time of or prbr to an inspectian spocifyln�re�ble cause for the irupec.Kioo.
<br /> 10. Coadewa�tbo.'Phe procoeds of any�wud or cidm for d�nRgn. clire�y or conccytieruld, in a�toectlon wlth any
<br /> oademrwtion or dher tahln�of�ny put of the Pruperty.or for conveyanse in liru of condemnotk�a.arc heroby ml�nod ard
<br /> -_-- - shaU bc paid to d.cnder.
<br /> _ In the event of n totri t�;��x�f uw:::.p:.rty,!he proaeds shall be eM+lirci to the wm�secured by tlil:Savr�ty Inswment.
<br /> — whether or not then due,with any exww�d to Earso:vsr. !n t!� eeent af a g�i�! t�(n�of tlze 1'r+operty in which tlte fiir
<br /> ` rnukzt value of the Property immediately before the wking is equal to or grcater thop the amount of the wms socurod by thi:
<br /> Saurity Instrument inur�ediately beforc the takfn�, unless Bonower and Le�der ott�crwtse agra in w�itin�,the sums axurod by
<br /> thLs Security Instn►ment stwll be rcduced by the am�wnt of the prc�coeds multiplicd by the followin� fcaction: (a) the total
<br />_-— -_ -- sunount of the sums secured immaiiatcly beforc the taking, dividod by (b)the fair market wlue of the FrqKrty immediatsly
<br /> before the taking. Any bal�noe shatl bc paid to Horrower. In the event of a p�rti�l talcing of the Property in which the fair
<br /> rnuket value of the Property immodiately before the uking is Icss than thc arnoun[ af the wms secured immediately beforc the
<br /> talcing,unless Borrower and l.ender wlxrwise agree in writing or unles4 applicabie law otherwise provides.the pracads studl
<br /> be appliod to the sums secured by this Secudty Instrument wlxther or not the sumti aze then due.
<br /> ::•:, If the Propeny is abandoned by Burrower,or if,after notice by Lender to Rormwer thst the condemnar offers to make an
<br />`�? award or setde a claim for dantages, Borrower fails to respond to i.eoder withln �D days aRer the date the notice is given,
<br /> ' ' »s� Lender is authorized ta callect and apply che procceds,at its op►ion,eitt�er to rnstur�tiun ur rcp•rir uf Qte Pnyxrty or to the swus -
<br /> aavrod by this Security lnstrument.whether or not then duc.
<br /> . t � ., Unles.� i.ender and Borrower otherwise agrce in writing. any applicution of pmceeds to principal stuill not extend or
<br /> .� `.�:�=;;.�.- , ��'�;' postpone the due d:►te of the monthly payments referred to in paragraphs l a�id 2 or change the a�nount of such payments.
<br /> �<: . :� 11.Borrower Not Releaccd;Forbeorance By I.ender Not A WAiver. Eztension of the time for payment or modific�ation
<br /> `'r.#:;" -°4i". ,,,; af amortization of the sums secured by this Security Instrument granted by Lender to�r►,y successo�in interest of Borrower shall
<br /> 'a'"��''`' ' '"' not operate to release the IiAbility of the original Borcower or Borrawer's successors in interest. Lender sh•rfl not be required to
<br /> ��,�'�S�'�'�.'�¢:�`�"1L�� conunence proceedings against any succcxsor in interest or refuse to extend time for payment or othenvise modify unonizatlon
<br /> �.. i�i;a:,'•:;.,:;4;�;,�i,+� of the sums secured by this Security Instrument by reason af any demand made by the orisinal Borrower or Borrower's
<br /> .;.: � successors in intere.t. Any furbearance by L.ender in exercising�ny right or rem�dy shall not be a w�ver of or preclude the
<br /> „`:�; "� ' exercise of any right or remedy.
<br /> _ ..'"��"�-```°. �:. �� 12. �u�r�,� yu$ navg�u Suuiw; Ju{nt �ti �ei,�i i.i�biiity; Co-sig;.cr. The cace�ts and agrecments at'th;s
<br /> -.���. � '`"� Security Instrument shall bitxl and benefit the successors und ucsigns of Lendcr �xi Borrower. subject to the provisions of
<br /> • ''���� ra ra h 17. Borrower's cm•enants and ;► recments tihall be oint and .reversl. An Borrower who co-si nt this Sewri
<br /> .::::�,:: Pa � P S J � Y R • �Y
<br /> ,� Inurument but does not execute ihe Note: ta) iti co-�igning this Security Instrument unly to mortgage, grant and convey that
<br /> " Borcower's interest in the Propeny undcr the temi.uf this Srcurity Instruttknt:(b) i+not perwn:►lly obligated to pay the sums
<br /> • . � � secured b��thiti Security Instrumrnt: and 1r)agrec� that L.endrr and any��ther&�rrower may agrer to extend, modify,forbear or
<br /> make any accommalatiom with regard to thr terntn of thi�Security lustn►n�ent i�r the Nutc without that Borrow'er's consent.
<br /> i 13. Lcwn Char�;�.If the loan.ccured by ihi>Srruriry Intitrumcnt i�subject tu a law which uts maximum loan churbe�.
<br />,:�,,, , . . ;,.�, and th•rt law iti finally interpreteJ u�that the intere.t ��r�nhcr luan charges rullc�;t�J ur tu be collecteJ in wnnection with the
<br />_-� • I��an exceed the pemiitteJ limit�, thrn: 1a►any wch loan char�c+hail ix reJuccJ hy the amuum neces�ry to reduce the charge
<br /> j to Ihc permiu��ci limit: a�ul (b1 any tiwm airc:,dy culle�trd fruui &�rruwrr u•hi�h exccrJed Fxrmittrd limits will be refunded to
<br /> � �� &ttrower. L�:nJer may rhexix tu makr thi� rclu�xl hy reJurinp the princip�l uw��l wxter thr N�»e or by making a direct __.
<br /> , paymcnt tu &�rruwcr. If a mfund reducc. principal, thr r�du�ticm will !xt trratcd a� a partial prcpaymcnt without :uty
<br /> � prcpaymcnt rhargr undcr thc�otc. —
<br /> � 14. Noiices.Any ninicc ti�B��rrawcr pruviJcd ti�r in thi�5rrurity In,trunknt �hall hc givrn b�•dclivcring it or by mailing
<br /> _� it by ti�+t Clu+�.nt:�il unle+s�pplicable law rryuirc, ux uf anuthcr mcthal. The nutice,hall lx JirecteJ to the Propeny Address
<br /> or any oth�r aJdre�� &irr��wcr de,ignatc� h} ir�ticr tu LrnJcr. Any nuticu to Lcndcr .hull lk givrn by first rlasa mail to
<br /> • , •' Lcndcr'�addresz statcd hrrein ur any othrr addrc.� Lcndcr dc�ignatcs hy nuticr t�� &�rruw�cr. Any nutirc providcd for in this
<br /> * " ;'�.,:" �, Sccurity In,trument shall he JrrmcJ tu havc lxrn�i��cn tu&�rruwer ur LruJrr��hr�i given a,pro�•iJcd in this paragraph.
<br /> � �''," ': ;' � I5.(:o�•ernin� I.aw; Severability, Thi, Sccurity In.truui�nt .hull tk guvemcd by f'rdrral law and the law of the
<br /> '�'~� 3: ^. . juritidiction in which dic Propeny iti hxated. In the e�•ent that any provi�iun iir cluutie of thi.Srrurity In,trument ar the Note
<br /> � . ;'' contlict�with applir•rhlr�aw�..urh runt7irt shall nut aticct uthcr praviaion,oi'thi,Sccurit} Intitrumcnt ur thc Nutc which ran be
<br /> ��;�,
<br /> given cffcct without the ronflirting pruvisiun. Tu thi�enJ the pruvi.ium uf thi,S�rurity In.trumcnt and the Note ure dcclared
<br /> ��{ : tobe xxvcrabl�.
<br /> ` � 16.�rrower's Cop�.Borrowcr,hull br givcn on�cuntirrmcd cup} uf th�Nutc and ot'tlii�Sccurity Instrumcnt. _
<br /> �' i.ye�in
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