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' ' .., ` - , -��� +��, , - =( - � <br /> ,• <br /> - ���oay�q j�r be�i�qai�•`�t me�aptiob vf Lm�ier•d apRpee ias�aooe aovera�e("m tLcamuuot�od t�c t8e'lieriod. <br /> W�t t�tida ra�ira)Penridqd bY�n i��t�Po'!►m bY L�des�in 6ecames svailqble.aod is abtaiaed.Hoi[cqi�a dMU psy�. <br /> ` tbe p�nqoiied to mMS�ain mioet�3�4ae�u ef�ect,or ta p�ov`ide a loet r�aav�►:om7 t�e iequi�rmeat fa'mo�tp�e , ° <br /> � ia�rnoededt jn aocacd�noe ivid��ty�vsipen aateemenc 6et�Bor�uw�er aud La�der or applicabk Ia�r. , <br /> � !L�eetiN,IxaBer a its qsat mry m�i�e ne�eop�bk enuies upoo ud iaspaxioas of die pmpaty.l.ender eb�11 sPVe <br /> . � � Bo�m�ra notice at tHetime of or pria�to ae iaspectloa apedfyin8�ombls caue for t6e inspection. , � <br /> � 1�.C�i�tio�.'I'he pmoeed�of aay�w�cd or�claim for d�nsges.dimt or�ooaseqoeati�i.in"ooaoectioo wid�a�y . <br /> ' � ooada�tioo or ather tati�of any p�t of tbe FmpeKy,or for ooavey�oe in lien of oondematiion,aie haebj►�ssi8nrd asd <br /> .�1!�e p�id W I.ender: � <br /> In the eve�t of s tot�f�ing of the Ftopaty.the p�000eds s1elI be spplied w�he sums se�ured tiy tUis Se�unly t�t�t, _ <br /> whet�er ar mt tl�en d�te.q�ith aay excess paW m Bormwa In tbe event bf a putial ainng of the Propaty ie which the fait <br /> cnrket v�luc of ehe Frope�ty imadediatsiy befoce the tatiag is eqiut to or g�ter tinn the aaio�ot Qf ibe sums savred by t6is <br /> Security L�strartxat inr�e�dqtdY before Ehe Wung,uakss Bortower and Ieader otberwise.agtee in writiag the sun�s sautod try <br /> tbis Secority U�t shalt bc�edaood by tbe�aotwt of the pmoeeds mWtiplied by tbe follc3wi�rg fraixion: (ij tLe total - <br /> anwmt of tbe am�sewied i�ediately bdore the t�lcing,dividod by(B)tbe f�ir muket value of We Pcnpaty irmnediacdy <br /> befae ttit tainrts..Auy b�l�noe sb�U be paid m Barmwer. In dx eveat of p pactiat talting of the P�operty ia whkh the fiis <br /> mu�ct value of the Prope►ty immediau[y ixfore thc tal�ag is less tt�an We amount of the sums sxurod iatmed'�tely befone the <br /> talrinS,unkss Hormwer aod Iroder otherwise agiee in writing or unless applir�b(r law otl�wise provides.the proceeds,shali <br /> be appliod w tbe snms savind by this Sxuriry�au�ume�u wl�ther ar not tBc swns az+e then due. <br /> ff tGe Pmperty is abvdoaod by Bomuwer,or if,after mtioe by I.ender to Bomawer t1�at the ooadtmmor offe�s to mate an . <br /> awaM or settk a claim for da�mages,Barrower fa7s to nspo�to Lender wiUdn 30 days xfta the datc tl�e notioe is given, � <br /> Lsndet is author#zed w oullact and�ppty t6e prooeeds,at its option,either to�stor�ion or�pair of tbe Pcioperty or w tbe sams <br /> • secured by tt�is Sewrity Insuufient,whetha or mt tlr�due. , � • ' _ .. <br /> Unksz ltader and Bormwer otbeiwlse agiee in writing,`v►Y�pplication of praceeds w prircipal shall mt exte,nd;ot <br /> postpooe the due ds�te of the monthly paymaNS i+eferr�ed ta in�phs 1 aad 2 or change the amount of such paymaas. ' =-� <br /> 11.�orenwa Nat Rdea�ed:Focbaraooe By I.e�er Not a Waiver.Exteasioa of tl�e tifie�for paym�mt or modificatian <br /> of amortir�tioo of the sa�scca:od by this Se¢uriry Insmimr�t grantod by L�W any sucassor in interen of Borrower shall <br /> mt�to relesse the liability of du origiaal Barmwer or Bormwer's�r.�flis in iateress. Lender ahall not 6e�qaired to � , <br /> commeooe proceedings against aay sucoessor in i�enst or refitse to.extend tuir�for payment or aherwise modify amorti�ion <br /> of tbe sums sec�red by tbis Sa;aIIt3r Inshument 6y reason of any demand made by the original Bomnwar or Borrower's <br /> suocesso�s 3n iaterest.My forbe�au+Qe by I.ender in exercising airy right or nemedy shall nat 6e a waiver of or preclude tht <br /> exercise of atiy right ur zennody. <br /> l2.Suooe.9sors aud Assigns Boand;Jo�at and Sevaal.Lli�i�ility, Cv-�tgne�s• '17�e cover�ants ar�d agroema�ts of this � <br /> Secarity Insdument si�all bind and benefit the successors and assigns of Lendcr aM Bomnwer, subjax to tbe provisions of <br /> puagraph 17. Borrower's cova�nts aad agroe�nents shall be j.4:.'*�t and several. My Borrower who co-signs this S�rity <br /> . 'incuameat hut das mt execuu tbee Note:(aj is co-signing tk.is Szwrity In�tnitnant only w martgage,grant and c�.�z��at <br /> Borrower's interat in the Property under tbe teims of this Sacurity Inspument:(b)is not personally obligated to paY the s�uns . <br /> saaired 6y tttis Savriry Instrument:and(c)agrees that t.ender and any otl�er Borrower may agnee to extend,modify.forbear or • • <br /> malce any accommodations whh r�gard to ihe terms of this Security Instrument or the Note without ttiat Bornawer's co�senC. = <br /> l3.Losn Ciwraes.If the laa�saa�red by this Securiry Insuument is subject to a law which sets maaimum toan chazges. <br /> and that law is finally.interpreted sqv tP►at the interest or other loan charges collected or to be coliected in connection witb tbe = <br /> toan excad tde perraitted limits.then:(a)any sucde loan charge shall be reduced by the amour►t necessary to radua the cbarge _ <br /> to the pem�itted limi�and(b)any sums alreadg c�:lected from Bonower which exceeded pertnitted limits will be nfundod to <br /> Bonnwer. L.ender may choose to make this raz�nd by reducing the principal owed under the Note.or by making a direct � <br /> payment to Borrower. If a refund reduces principai, the radr,;xion will be trrated as a partial prepayment without any = <br /> pn�paymeM charge ander the Note. � ' • <br /> 14.Notias.My notice to Sorrawer provided for in this�:s-rity lnstr�ent shall be given by delivering it or�� mr�iling = <br /> it by first¢tass mail uNess applicable taw tequires use of another method. '4Tvr cotice shall be dire.cted to the Prope�t;�aress - <br /> or any other address Borrower designates by notice to l.ender. My notice to Lender shall 6e given b�+ first ct�s�il w _ <br /> ' Lender's addrcss stated herein or 2t��+other address l.endeo designates hy notice to BorroKef. Any notice provided fu-a ia this . <br /> , Security tnstmment shall be deerr�r,a I��ve been given to Horrower or Lender when given as ysaiovided in this paragrapit.. <br /> l5.Govereieg Law; Seveea�i�ty. This Securlty Instrument shall be govemed by federa! !aw and the law of the <br /> jurisdiction in which the Property is locat�d.In t�ae event ihat any provi�ion or clause of this Security I�ment or the Note � _ <br /> • oonpicqs with appliqble law,sucd contlict sAalj�:c:;vfect other provisions,of this Secutiry Instrument ar cLie Note which can be <br /> given eNoct without the wnflicting provision.To tiiis end the provisions of this Security lnstrument and the Note are declared = <br /> to be severa6le. ' , ' = <br /> 16.Barruwer'�Copy.Borrower shali`�e given one oonfo!�+.�d mpy of the Note and of this Security Instrument. = <br /> ra�3023 s1�0 <br /> • vag.cca� <br />