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<br /> {wymemr nwy n�►I�N►�or t�e royulraf,�t the i►�tion�►f'I�ctxkr,if nxm�{�yc in�urWxc ccweru�e(in tt�w�wwnl rnct fur the perial
<br /> � th�t Le�Kler royuirca)pruviJal by Yn i�u�urcr�ppruvwi by L.cnJer���in baon�s ovailable wx1 ir•ubwinod. &�rmwer rhxll pwy
<br /> - --- --- the premiums�nyuirai tu nuiintWn ir�rt�+�c ineur+►ncc in effect,or to pruvidc a loss reserve,until thc requircment fur murt�rQe
<br /> - ---- inwnuice endx in xcmrdwnce wjth any written wgrocmcnt betwan Barrowcr and l.ender or Applicable law.
<br /> � 9. Iropeclbn,l.cnder or its agent nwy nwke reasonablc cntries upon And inspections of the Propetty. Lender�1w11�ive
<br /> ••x� ��� a�tl , Borrow�rr notice at the time of or prior to on inspoction spocifying reaw►wble cause for the inspecUon.
<br /> 10. Condetunation. The pracads of uny awArd or cluim for damagec, direct or consequtntial, in connectian with any
<br /> , "�'�,:��a;;:;�'L candemnutian or other taking of uny purt of the Praperiy.or for convcynnce In lieu af condemnatton,ure hereby assignod and
<br /> ' afnull t►c puid ta L.cndcr. �
<br /> •?� ,......_ � In the event of a total taking of the Property,the pruceeds shall be upplied tn the sums securod by this Security lnstrument.
<br /> _ -__ ��.;fl,:sr�, '. �.,�: whether or not then due, with any ezcess paid to Borrawer. In the event of a purtial taking of the Property in which the fnir
<br /> market vulue of the Property immediately beforc the tuking ls equul to or grcAter than thc umount of thc sums sccured by this _ ,_
<br /> _.��',, ,,,M , Security Instrument immediutely before the tuking,unlesc Bottower nnd Lcnder otherwise agrce in writing.the sumc secured by
<br /> ,��`�i;;°;�-�;��::��x�� this Security Instrument shall be reduced by the amount of the pracceds multiplied by the following fraction: (a) the total
<br /> R- �""'!�',,,""'.',"."';,"'"'.� amount of the sums secured immcdiatcly before the takins. dividcd by (b) the fuir market value uf ttic Property immediatcly _
<br /> ��''� � beforc thc taking. Any balance shall be paid to Barrower. In the event of a purtisl taking of the Property in which the fair
<br /> ���"'''�'`��°•'�"��' '�� murket vulue of the Propeny immediately before the taking is less than the amuunt of the sums securcd immediutely before the
<br /> -'-`� ��.;•. � �".'�'.;��' taking, unless Borrower and l..ender otherwise ngree in writing ar unless applicable law otherwise provides.the procecds shall i
<br /> ,':�� .� .. � , �i be applied to the sums secured by this Security lnstrument whether or not the sums are then due.
<br /> ',.. • � lf the Property is abandnned by Bonower,or if.after notice by Lender to BoROwer that the condemnor offers to►nake an
<br /> '""' � �'�' award or setde u cluim for damages. Borrower fuils to respond to I.cnder within 30 dnys after the date the notice is given, �^
<br /> s � ��''�� � l.ender ls authoriud to collect and u I the roceeds,at its o tion,either to restorntion or repuir of the Property ar to the sums ��
<br /> PP Y P P �'-_.°-:
<br /> ����.; : ,' ���� secured by this Securiry Instrument,whethcr or not then duc.
<br /> � � � Unlcxs l.ender and Borrower otherwise nFrce in writing, any upplirution of proceeds to principal shal! nnt extend or � f
<br /> .,`r;, '!. �•_.•t;:� postpane the due date of the munthly puymentx referred to in parugraphs 1 and 2 or chunge the umount af such payments. °�
<br /> � ' �.. ; 11.Borrower Not Relesissed; Forbearance By Lender Nat u Waiver.Extension of thc time far payment or mcxlification ��.,.
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<br /> of umartizatian of the sums secured by this Securiry Instrument grunted by Lender to any succe�wr in interest of Barrower shall
<br />• � nat o rate ta releuse the liabilit of the ori�inal Borrower or Borrawer's succcssorx in interest. Lcnder shall not be required to �'`.
<br /> . i Pe Y b Ef_„=,_..,
<br /> . cammence proceedings again.r•t any successor in intrrest or refuse to extend time for payment or othenvise modify amortiu►tion
<br /> �,'��� ' � of the sums secured by this Security Instrument by rcason of Any demund made by the originul Borrower or �orrower's �
<br /> �� ;'.
<br /> , • successnrs in intcrest. Any fnrbeurance hy Lender in excrcising any right or remedy shall nat bc a waiver of or preclude the �:-,;.
<br /> � ;c:�+.�.;_-�..__ __.-_:• exercise ofnny right or remedy. �"
<br /> � 12. Succcssors and Assigns Bound;Joint and Severul I.iability; Co-signers. The covenants and agreements ot this
<br /> Security Instrument shall bind and benefit the succr,sor� und ussigns of I.rndcr and Burrower, suhje�t to the provisi�ms of
<br /> � paragraph 17. Borrower's covenants und agrcemcnt� shull 6c joint and revcral. Any &�rrowcr whu co-signs this Serurity
<br /> Instrument but does not execute the Nate: (a) is co-signing this Security Instrument only u� mortg:�ge, grant und canvey that -�.-.
<br /> � &irrowcr's intcrest in thc Pro rt und�r thc tcrms��f this Scrurit Instrunxnt: (b)i,not rumrll i�bli�utrd tu r thc sums ''
<br /> p� Y Y Ik Y b p•y �.
<br /> , sccumd by this S�:curity lnxtrumcnt:und 1c1 ugrcc�that Lcn�lcr urnJ uny�uhcr&rrriiwcr muy a�rcr to cxtrrxl. nuxiify. (orhrur or
<br /> tnuke any uccunnn�xlutiunx with regard tu the term.uf thi.Serurity In,trwnrnt ur tlic Note wi�huut that Burruwrr'�cun�ent.
<br /> 13. la►Atl ChWr�es. li thr I��an.rrured by thi+ Scrurity In,trumrnt i��uhjrrt tu u luw whicl� .ctti maximum loan churgcs. ���-
<br /> unci that luw i.tinully intrrpr�ted ,��that thc intrntit �n•othcr br,m rhurgc�ru�IcrtcJ �,r a►Ik rullrrtcJ in runncctiun with thc '�°.
<br /> ::�t ' ,;��„ lu•rn cxrceJ thc�xrmiurJ limit..thcn: �a►auy�url� lu:►n rhi�rEc.hall tk rr�ur�d hy thc anu�unt nrres�ary to rrJurc thr rhurgc �-'•
<br /> to thc�xrmittcJ limit: atxl Ihl any wm�ulrcuJy rullrctcd (r��m Burroa•cr wl►irh rxrcrJr.l �xrmiu�d limitr w•ill Ik rcfundcd to �
<br /> ' &�r�owcr. L.cndcr muy chiKnr t�� mal�r thi. rcl'und by rcdurin� thr prinripal uwrd undcr thc Nutc c�r hy making a dircrt
<br /> ���-
<br /> � payment to k3c�rrawcr. 11 a rctimJ rcdurc� principal, tlic rcJurtiun will tk trr•rt�J u, a p•rniul prcpayment without any �•-
<br /> ' prepaymem char�e undrr thc Nute.
<br /> � .� 14.Noticcs. Any noticc ta&rrruwcr proviJrJ ti�r in thi�5ccurity Inrtrumcnt+hall hc�:ivrn by dclivcring it i�r by nu►iling �--'.
<br /> it by first rluti.muil unlc�s applicablc I:�w•rcyuirc.u�c uf anuthrr methixl. Thc nuticr.rhull tk Jircctcd tu the Pruperty Addretix �`�`
<br /> , or any athrr uJdres, &�rruwcr dctiignaic� by nutirr tu Lrndrr. An� noticc tu Lcndcr .hall hc gi��cn hy first clu�s mail to ��,_
<br /> �'-:., i I.cnder'�addretis stut�Yl hrrcin ur uny othrr aJdres. [xndcr dc.ignatc� h�• n��tirr tu R�ur��wrr. Any nuti�e pr�,videJ tiir in thi� ^�=
<br /> • �"' ' 3erurity Intitrumcnt shull Fx decmcd t��havc txen given tu Borruwcr�ir LrnJcr whcn gicen a.nrin idrJ in thi.p;�ragruph. �__
<br /> �-�'' �� + 15,Governing i.aw•; Severability. Thi. Sccurit�• 1n.Irumrnt �hall br guvcrncJ h} fcdcral luw and thc law of the • .-,
<br /> �: ` - jurisdiction in which thc Proprrty iti Icxatcd. Ni thc rv�nt that uny pru�•i.iun ur rlau,e ul thi� Sccurity In�tn�mrm ur thr Notc �;�:
<br /> _ �� i canflicts with�pplicablc luw.tiuch runtlirt.hall nut alTcct uthcr pru��i�iun.ul'thi+Scrurit�• In.nvmcnt or thc Notc whirh ran bc
<br /> �!"�� givcn cffcrt without the cnntlicting prrnision.To this end thc prc�visi�m�i�f thi,Sccurity Io.trument and the Ni�tc ure declured F-_
<br /> �F, , t ' to bc sevcrablc. �".`
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<br /> r 16.Rnrrower's Copy.Biirr��wcr.hull tx gi��cn onc amlirrmrd cupy uf thc Nutc unJ ol'thi�Sccurity Intitrmncnt. �•"+
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