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<br /> � M9���Y no ton�er be rcquired.p tha optioa af i.�nder. {f mort��e inaurwtica covcia,�a(in the amount a' petidd
<br /> dwt L.ender requlra)Prnvidod by an inwe�y�proved by i�der�ain b�eooma Rwil�blo and i�obWrod.Hon�aw�er�li pay
<br /> the pneaaivaa�raryira!w rtai�wia nartg�e iownu�oe in effeat�or w provide�lou re�ave�untll Ihe roquiraneot fat�atW! ,.
<br /> inwrar�vo enda in�oo�nl�r�oo with�ny weltta��reaneiu betwan Horrowu aod l.endec or appUc�ble I�w. .
<br /> !.I�pectloe.l.ender or ile a�ent mwy m�ke rcaaon�ble antrla upon aad in�pectiocu of tlio P�opetty. l.eodet'�ull Q1ve
<br /> Borrower notloe at tha tfaie oP or prior w m inspeotion�pocifyiaQ re�owble c�uco for tbe impedion.
<br /> 10. Caidanwtba. The proceed�of�ny Rwud ar cWm for dunaQe+.dloect or oomequaUW� in cunnxtiop wlt6 aty
<br /> -�'_�" T" cAndemrwtion or wl�cr wldaQ of Any part of thd Property.or for oomay�e in lieu of ootdana�tloe,aro het�ebY wl�oed�nd
<br /> �6d1 be paiA to I.eader.
<br /> In tho event af�tota!taking oP the Pmpetty.the pr0000ds stwll be npplied to tha wuns securod by this Secudty InRdwiaa►t.
<br /> whaher or not then due. with any exass pwid to Horrower. Ia the avent of a pxrtial wkin�of the Prope�tY in which the fair
<br /> ' mailcet vxlua of tha Propetty jnunediotelY beforo the takirtg is equal to or grrater than the anwuat af the wms�ecured by thi�
<br /> ; Secur�ry Inatn�ment Immediotely beforo the takin�►unlesa Boeruwcr end Lender othcrwlse og�e in wddn�.the sun�a securod by
<br /> - -°---��aR this 3ecurity Inshvma�c eholl be tioduced by tde enwunt of the procaoda multiplied by tbe following fmccion: (�) tha wql
<br /> amounR of tho wau secured immediately-before tha teking.divided by(b)tha fair muket valuo of the Property lmmediatelY
<br /> beforc the tekiag. Any baloncx 4hnll ba paid to Botrower. In the event of a parti�l taking of the Property in whkh tl►e f�ir
<br /> mwket v�lue uf the Property immodiotely befora the takiag is tess tban the anwunt af tho sums sxured 1ma�iately befon the
<br /> taking�unless Borrower a�d Lender otherwiso agcea in writing or unless app�icable iaw otherwi�pmvida. ihe pmceodt�1�
<br /> � � �be�pplied to the sums:ecurai by thia Secudty Iactrument wheaher or not tho sums aro then due.
<br /> if the Property is abandoned by Horrawer.or if.after iwtice by I.cnder to Borrower that tho condemnor offera to mplce au
<br /> -.�� awaM or setde a claim for danwges. Bonower fuila w respaml to Lender wld�in 30 days after the dace the uudce fe glveu,
<br /> � � I.e�der is authorize�to callect and apply the procads.at i1s option.either w reswratioa or repair of the Pruperty or w tLe cwue
<br /> ; �securcd by lhis Sacudty fnelniment.whether or nat then due. _
<br /> ; Unless L.ender end Horrower otherwise agree in writing, any application af praceeda w pr�ncipel shall nat extatul ar
<br /> postpone the due date of the monthly payments rcferRd to in paregraphe 1 and 2 or chaage the amount of such payaunts.
<br /> 11.Borrower Not ltele�ed;Forbearance By Lender Not A Wwiver.Extenelon of thc time for pAyment or modificatian
<br /> of amonization of the auma securcd by thia Security Instrument grantal by Lender to any suceescor in intercst ot Borrowee ap�ll
<br /> ,"� not operate to rolease the liability of the original Borrower or Borrower's succesxora in fntereat.Ixnder aiwll qot be requirod W
<br />_;�, commence proceedioge aQalnst any successor in intercst or tefuse to eat�nd time for pbyment or otherwise mc�dlfy amoRizAtion
<br /> of tlie �uma secured by thia Security G�attunKnt by reason of any demend made by the original Borrower or Borrower's
<br /> '-_� succ�ssors in intenest. Any forbearance by Ixndor in oxercisinQ any ri�ht or romedy ehai�not be a wwiver ot or preclude the
<br /> - -- � ;1+�,. exereise of smy righ[or,remedy.
<br /> .1 ' . �•' 12. Sucrcesso� And Asei�ns Bound;Joint and Several I.tAblUty; Co-signers. The covenants end agramente of this
<br /> ' '�I- Secur�ty Instrument shaU Wnd end benefit the successors end assigns of L.ender and Borrower, subjxt to the pmvieions of
<br /> paragraph 17. Borrower's covenants and agreements ahall be joint and several. Any Borrower who co-signs this Sauriry
<br /> Instrument but does not azecute the Note: (a) is co-signing this Secu�fty Instrument only to mortgage. grant atid convey thet
<br /> Borrower's interest in the Property under the terms of this Security Instrumenr,(b)is not personally obligated to pay thc sums
<br /> ,ri�• ' ` secured by this Security Instrument;and(c)agrees thet[.ender and any ather BoRawer may agree to extend, modify,forbear or
<br /> make uny accommadatians with regard to the tem�s of�his Security Instrument or the Note without that Borrower's oonsent.
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<br /> ,..��. 13.Loan ChArges.If the loan secured by this Securi�y lnstrument fs subject ta a law which sets maximum lam charges.
<br /> �"'���'�"i0i' and that law is finally incerpreted w that the interest or other loun rharges callected or to be collected in co�uiection with the
<br /> "�``w, .. : .�A, . Ioan excee�l the permitted Umils,then: (a1 any such loan churge shall be reduced by the amount�sary to rcduce the clwrge
<br /> - ����� to the permitted limit; And(b)ony sums alres�dy callected frcxn Borrower which exceeded permitted limits will be refbndod to
<br /> +rt �c�•.~«,�.ac,<<
<br /> � ,-:_� Bnrrower. Lender may chonse to mukc thix refund by reduciog thc prfncipul awed under the Note or by malcing a dirxt
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<br /> - payment ta Borrowcr. If a refund reduces principul, thc reduction will be tm.ated a4 a partial prepayment without eny
<br /> , �•r, ,,,.. , y� prepayment charge under thc Notc.
<br /> '���� 14.Notices. Any notire tu Borrower providcd Por in this Sccurity Instrument shall be given by delivering it or by mailing
<br /> �,�,`'•�`-�� "'� it by first class mail unless upplkuble law reyuires use ot'unother methad.The notice shall be dfrected to the Property Addrt�
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<br /> ,•,�t����:�,-•.: ., � or any other address Barrower designntes by notire to I.ernicr. Any notice to l.ender shull be given by first class mail to
<br /> �',,,;,: . :"��. Lender's addrcss s�ated herein or uny other uddres+Lencicr dcsignute�by natice to Borrower. Any notice pmvided for in this , .
<br /> ;�; y�m �,,,,. ._.,' Securit Instrument shull be deemcd to have been givcn to&►rmwer or Lender when given as provided in this paragraph.
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<br /> ,r;";•, :��,:�r� � iS.Governing Law; Severpbl8ty. This Security lnstrumcnt �hull be governai by foderel law an�l lhe law of the
<br /> - � t���`'''���"`� jurisdiction in which the Property is located. In the event thm any provision or cluuse of this Secu�ity In.gtrument or the Note
<br /> �''�"` w canflicts with upplicable Inw,such conflict+hall not uffcct other prcivi�ions oP tbia Security Inst�ument or the Note which can ba
<br /> ' �•�+{4�,;,,,_;� given effect without the ec►nflicting provisian. To this end the provisiong af this Serurity Inst�ument end 1he Note arc deelued
<br /> -- -::,i: . °'_ � to be severable.
<br /> , '� �•-'� �•" �� 16.Borrower's Copy. Borrower�;hall be given onc eonformed cupy of the Note and of this Secudty Insuument.
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