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<br /> P�Y������9�'m+at�e optiao of l�eoder.if�noet�e iapnaaoa ooveia,e(io d�e amoaot`and fos tbe petiod' .
<br /> . drt treuder requirea)�rovbed 6Y an in�lr�a�ppno�ved.bi►I,eode�sgain beooenes av�'lable�od it a6taioed.Boiraw�er�Enll pry. ' .
<br /> • the pcemium�ra�uicied w aaiauin mort�e inw[aooe in eff.eet,a to provjde a los3 r�tetve.uatil the�+equiiement fa mo�tpre �
<br /> �imurmoe md�in acaord�o�e with any writtea ag�me+mt besweean Bano�va�nd iYc�der or applicaWe itw. �_ _ ' .
<br /> ' , !L�pedlo�.i�eade�or its taant maY m�iqe nason�ble a�rns upon�ud�a�e�ora of tUe Prupertq.Leader shall�ive ��
<br /> Bonowa mtiee at tLetime of or priix W ue ia�ectioa specifyin8 tasom6k ca�ue fot�tbe iffipectioa. � ' - . • .
<br /> ' 10 Caadealmttioa.Tbe piooeeds af au�r;wncd or.cl�im fa daendes.dic�ect or oa�seque�l,in a000ection wLh any :.
<br /> carddm�ation or�other WcIng of any put of t6e P�opaty.or fot c�veyaaoe in liw of oorde�tiob,ar�he[�by assigned�rd
<br /> . siW!6e pnid to�.e�nder. . . ` � .
<br /> In the event of s wml t�icin,g of tbe Fmperty,the pioceeds sinll be applieQ to ti�e sums sonued tiy this Secndty Insuument, •
<br /> . whetlur or mt then dt�w�rith any eacass poid�o Borrowtr.In ttie�ve�t of a putiat talring of t6t PmpMy in rvhicb the fair
<br /> • muket valoe of the Pmpecty.immediatety befote tbe talnng is eq�at to or g�ter,tlun t1x�roount o�the sa�secaied by thls
<br /> Savxity Iratrum�ent Immediately befoiz the taldng.adess Hocrnwer and I.e�ider.othcrwise agree in ariting,the sums secu�d by
<br /> du�5xurity Instrumeat st�atl 6e ialuaod by t6e�nount of the pmoco�s mWpplied tsy t6e foltowing fiaction: (a)tl�e total
<br /> ama�of We sums saured immediauty Ixfore the tak4ng,divided by(6)the fsir marlca value of thc Piopetty immodiately .
<br /> before tts�tating.Any batance st�all 6e paid w Bomawer.In ttre event of a partial taldng of Lhe PropeRy in which tbe fair ' .
<br /> • mul�t walae af th�e Pioperty immediatety lxfon the talqng is.�ess tt�►We,amount of tbe sums seairod idunodiateiy b�fore the .
<br /> takin8,unless Botrower and LeMer otberwise.ag�ee in wr�tiug or tinless applicable law otherwise providas,t6e pmoeeds shaU
<br /> be apptied w the swas socutod by tbis Savrity�In�ment wli�her or ti�it.ibe sutt�s a�e tLeu due. . : . : . .
<br /> tf t6e Pceperty is ebaixbnod by Bomnwer.or i�at�ec.aioNoe 6y TJe�er ta Bormwer i6at tl�aoademnor offe�s to make au
<br /> awud or satle s daim for damages,Borrower fails w.rtspand to Ixnder within 3Q.dajts after d�e date the notioe is glven,
<br /> I.ender is apd�orizod to oolloct and apply the prooxds,at its o�tioa,eittier to resto�la�or cepair vfd��►vpe�ty or to the suins
<br /> secuned by this Soarity Ir�wmrnt,wkdlser or not then dae. . � , . :�. , � -
<br /> . UNess Leider and Borrower otherwise agree in writing, any application of prooeeds tp'pnucipal si�11 not ea�und or y�
<br /> postpone the due date of the monthly paya�ents nferred w in pa�agraphs l anc12 or change tti�amount of such payments.
<br /> ll.8oee�n�rer Not Rela�sed;For6aranee By I,ender Not n Wi�ver.Factension of the fune fos paymene or caodifuation —
<br /> -- af atnortization of the sums securod by this Security Ipstnttnent granted by Lender to any successor in interest of Borrower shall -
<br /> _ -- not operate to•release the liability of the original Borrower or Borrower's successors In iirterest.I.eader shall not be requind to —
<br /> - ----- com�++�M�proceedings against any sucoessor in interest or refuse to extend time for payment or otherwise modify amoRization �Y�._
<br /> ----- — of the sams secur�od by this�Secur�ty Iasm�mem Isy reason of azry demand made by the original Borrower or Borrower's '°_-
<br /> ___ �ssors in interest. Any forbearance by I.ender in eaercising any right or remedy shall not be a waiver of ar pneclude the �
<br /> ,��y��r�� euedrise of any right or nmedy. _
<br /> ----- -==� : 12. Sua�essors aad A�Bouad;Joint and Seventl Linbility:Co-sig�ers. The covenants and agreements of this
<br /> ��- _;,� Security Instnttnent shatt bind and benefit the successors�d acsigns of l.ender and�Borrower, subject to the provisions of . -
<br /> ��•` �ph 17. Borrower's covenants and agreements shail be joint and several.,Any Borrower who ca-sig,ns this Security �
<br /> .�.',�''�_; tnstniment but does not execute the Note: (a)is co-signing this Security Iactrument only to mortgage,grant and convey that ;�-,..
<br /> ' ;�� r�t:--� :: Borrower's interest irr the Pro ty Instnrment:(b>is not rsonall obli ated to a the sums �
<br /> �' perty under the terms of this Securi pe y S p Y
<br /> ;h�: .s .• .:
<br /> :,.��,-:•>-_•_ ._. sewred by this Security Instrument:and(c)agrees that l.ender and any other Borrower may agree to extend.mbdify.for6ear or
<br /> •,�������`� � make any aocommodations with regard to the terms af tbis Security instrument ar thc Niote without that Borrower s consent.
<br /> ��,:`"`�����`�_ 13.Lam Cha es.If the loan securect by this Securit instrument is wb ect,to a taw which se�.s maximum taan ch es. >
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<br /> ��*����� and that taw is finally interpreted w that the interest or other loan charges cullected or to be coUected in connection with the
<br /> ' ' �"`� !oan exceed the permiteed limits,then:(a)any such toan charge shall be reduced by the amount necessary to reduce the charge
<br /> y �e;d: ._=.:•r
<br /> ��.�.�, .�r
<br /> ;..�± .�--.:.� . ta the permitted limit;and(b)any sums already collected from&�rrower which exceeded permitted limits will be�efunded ta
<br /> ' ���;�� � Barrower. Lender may choose to make thi:refund by reducing the principal owul under the Nate or by making a dirert
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<br /> �"�r�r"' '. � , �}�3LII�l[ IO BdTI�WCT. If a refund redure4 principal, the ►eduction will be tre:►te.�i as a panial prepayment withc�ut any
<br /> ���'�"•:•.-.>" tnEP��t charge under the Note.
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<br /> , .�iY���•��� � • � � � 14.NoNces.Any notice to Borrowcr provided for in this Sccuriry lnstrument shall be givcn by dclivering it ar by mailing.
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<br /> � _;,,;::;• it by first olacs mail unless applirable law re��:ires use�f another methcxl.The notice shall be direetal to the Properry Address
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<br /> ---"��"��„ or other ad ress Bonawer dcsi tes l4• notice to Lender. An notice ta Lender shall be ��ven b firct ctacs mail to
<br /> - -�.-}x_T<... �Y � S� � Y b Y
<br /> -"'"'"";'--' Lender s address stated hercin or any ott,�:��Jress Lender dcsignatcs by nrnice w Bormwer. Any natice p�ovidcd for in this
<br /> �"��`��'= Securi Insuument shall be deemed to ha.e�cen iven to��rrowcr or Lcnder when ct en ay rovided in this ara ra h
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<br /> -="�� 15.Governing Iaw; Se+F�bility. 'i'his Security �c�strumcnt sha11 bc go�eRa� by federal law und the law of the
<br /> �atir�a�z*'�'� .
<br /> �r �'L-:F��:; jurisdiction in which the Ptoperty is loczu.�t_�n the even�tnat any provision ar ct;:u.v:�f this Security Instrument or the Nute
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<br /> ��«;:� ,�,���, � conflicts with applicable law.sach conflict s!�a11 not affect other provisiares of thi�Sc;srity tn�trument or the Note which ran be
<br /> �`�'�^ • given effect without the conflicting provision.Ta this end the prqvisior.�of this Scc��.r�ty lnmtrumem and thc Nate are declarai '
<br /> �}�- te6 be severa6le. � �
<br /> __—_���� ' 16.Borrower's Copy.Et?rrower shall be given on�:�.r'`ormed copy of thc Nor�:;�ii of this Sccurity Instrument. l'�
<br /> ------ � • , ' . Form 3028 919U �.
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