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<br /> pnYmecMi�rMY no lon�a�be required.�t the oQtion af T.aider.if mort�e incunuwe onvera�e(in the unouut ard fw tha perfad
<br /> thw l.ender roquira)provided by m inwrer�ppc�oved by Lender�e1n becomes avaft�bk and is abtained. Borrowar�11 paY
<br /> the pc+emiurru requirod w.mainuln moct�qe inwranoe in ePfoct.or w provlde a!a�raierve.wkll the requiranau for�norya{e
<br /> inuranol a�de ia�oca�denoe wl�h�ny wriqan�reen�ent betwoar Horrower�nd l�etider or applicable bw.
<br /> f.Larpretioa. Lenda or its�ent tn�y make re��bk onttia upon and incpectionc of ttio Fmpetty. I.eader�twU�ive
<br /> Borrower r►otice at the time of or prlor to�n irupection sPecifyln�roa�n�ble cwce far the irupoction.
<br /> 10.Coadaap�tba.The proc�ood►of any Rwu+d or cidm for damages, dicnct or consoguentiAl, in oonnection with �u►y
<br /> oondemnation or other ulcln�of�ny p�rt of the Propetty,or for co�vryance in liw of wndemnatbn,are her�ebY�wi�ned aod
<br /> �_�""--� �iwll l►��id w[.end�•.
<br /> In the nvent of a total taking of the PropeRy,the proceodc sh�ll be appliod to the wms sonrrod by this Sxurity Instrumetu,
<br /> whdtier or oot then due, with any exces�p�id to Borrower. Tn the event of a pactial taking of the Prapecty in which the f�lr
<br /> muket vAlue of the Prupeny inunodiately beforc the taking is oqual to or grwter than the amount of the cunu�securod by thi�
<br /> Security Instrument immodfately before the talcing.unla�s Borrower and L.ender otherwise agra in writin�,the wms�ecurod by
<br /> diis Security lnstrument shall be roducod by the amount of the proceeds multiplial by the fallowing fraction: (a) the tex�l
<br /> w�wunt af the sums secural immod{atefy bcforc thc taking. dividai by(b)the fair market v�tuc af the Property immediately
<br /> beforc the taking. Any baluue�iwq be pxid to Borrowcr. In the event of a partial taking of the Propeny in which the fair
<br /> mar{cet value of thc Property immodiptely beforc the taking is less than thc amount of the sums socurod immediately before the
<br /> wking.unless BoRawer and l.ender atherwise ngroe in writing or unless applicable law otherwise pmvides, the procads sfwll
<br /> be applied to the sums secured by this Security lnstrument whether or not the sums are then due.
<br /> ff the Property is abancloned by Borrower.or if,ufter notice by Lcnder to Burrower that the condcmnor offers to make an
<br /> aw�rd or setNe a claim for dartuiges, Borcower fails w respond to l.ender within 30 days after thc date the notice is glvcn,
<br /> = Lender is sutharizod ta callxt wu1 apply the prucoeds,at its optian,either to restoration or r�epuir uf U�e Property or to the sums
<br /> - - securod by this Socurity Instrument,whether or nat then due.
<br /> Uoless I.ender and Borrower othenvix agrx in writing. any application of procoeds to princip�l shall not exttnd or
<br /> _ pactpone the due date af the nwnthty payments referrcd to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11.Borrower Not Reles�std;Forbearance By l.ender Not a Waiver.Extension of the time for payment or modification
<br /> � of amorti•rution of the sums secured by thiti Sexurity Tnstrument granted by l.ender to any successor in interest of Borrower shaU
<br /> not operute to retease the liability of the ariginul Borrower or Borrower's successors in interest. Lender s}wll not be�equired to
<br /> ° commence proceed�ngs against arty succesu�r in interest or refuse to extend tirr�e for puyment or aherwise modify amorti7ation
<br /> of the sums securod by this �ecurlty Instrumcnt by rca.wn of any denwnd made by the original Borrower or Borrower's
<br /> • �uccessors in interest. Any forbearnnce by I.ender in exercising uny right or remedy shall not be a waiver of or preclude the
<br /> � � exercix of any right ar.remedy.
<br /> . - .,5 ��it��,•:u.:_ . 12. yueeessors and As.cigns Bound: 3oint s�nci Severwi Li�Liiity; Ca-si�ers. The covcnanis and agrcerttents of this
<br /> �. .,�t�r.b.,,,,,,.,. .•-' Securiry Instrument shaU bind and benefit the successors and assigns af L.ender and Borrower, subject to the provisions of
<br /> � paragcaph 17. Horrower's covenants und ug�ecn�ents shall be joint and several. Any Bonawer who ca-signs this Security
<br /> -O�wlf:�.A✓"�.'�{r7_�f .,
<br /> - �,:.��.... . .., . Instrun�ent but docs not cxecute the Notc: (al is co-signing this Security Instrument only to mortgage, grant and convey that
<br /> - :...�. . .. .
<br /> Borrower's interest in the Pcoperty under the tcrmti<�f tliis Security Instrument:(b)is not per.sonally obligated to pay the sums
<br />— °;xF,,:•.: ,... . securcd by this Sewrity Instrument;and Ic)agrces that Lender and uny othcr Borrower may agtne to cxtcnd, maiify,forbear or
<br /> .a...,..,..�,.. . . , make any accommodations with regard to the terni+of thi�Sccurity Imtrument or the Note without that Borrower's consent.
<br /> -- �� 13. I.oan CharRes.If the lo�n sccured My this Sccurity Instrument is�ubject to a law whirh sets maximum lonn charges,
<br /> ___ r,,,. . . . .. and that I�w i� finally interpretcd w� that the intcrest ur other luan charges rcillerted or to be collected in ronnection with the
<br /> _ -' , laan exeeed the perniitted limits, then: (a)any tiuch loan churge,hall tk reduced Hy thc amuunt ikce.,ury w re+luce tl�e cl�arge
<br /> ,�" to the permitted limit:und(b)any xums ulready cullected frum &�nowrr which exceeded permitt�Yt limit,will be refunded ta
<br /> % ' � ' Bonower. Lcnder nmy chcx�xc to muke thi. refund hy rcducing Nic prinripal ��wcd undcr thc Notr or by malcing a direct
<br /> payment to &�rrowcr. If a rcfund reduces prinripal, the redurtion will tx trc:�ted as a panial prepayment without uny
<br /> prepayment churgc undcr thc Notc.
<br /> , ` ; 14. Notic�.w. Any n��ti�e to Burruwcr pruvided tirr in thi+Scrurity Instrument shall lx�iven by dclivering it or by muiling
<br /> � it by fir.t clati�muil unlc+s upplirablc law rcyuire.r us�af:uwthcr methcxi.Thc n��tirc�haU Ix�irectcd to the Property Address
<br /> ,�,: � " ar un�� othcr uddre+ti &vrowcr dctiignatcti hy nutire to l.endor. Any ncitire ti� IxnJcr shall lx givcn by first rlass mail to
<br /> • I.endcr'+aJdretiti stateJ hcrrin ur any uthcr adJrc.� I.enJrr dc�ign:�te.h}• noticc to &�rn�wcr. Any noticc provideJ ti>r in this
<br /> - Security Imtrument xhull bc dcemcd to have tkcn givcn ta Burmwcr or Lcndcr whcn gi��rn u�pruvidcd in thiti paragraph.
<br /> ' --',,� I5.Governin� I.ae; SeverabilitY. Tlus Sccurity In�trument �haU hr gcn•rrneJ by federal law und the luw of the
<br /> < .°�:.�,° . .juriuliction in whirh thc Prc�pccty i, I�xutrd. In thc rvent that :my pravi,i�m or rlautic of thi.Scruriry Instrument or the Note
<br /> conflict�with applicahlc law, ,uch conllict shall nut attcct�uhcr pruvi,i�m�of'this Scrurity Imtrumcnt��r thr Notc which cun be
<br /> , . � given effcrt without the cimflicting pruvi.iun. To thi+end thc�i���i.ium uf this Sccurity In�trumcnt und the Note are declared
<br /> - ta bc xvrr•rblc.
<br /> � • � � • � 16.Borrower's Copy�. Burruwcr shall he givrn orn rcuiti�rtncd r��py of the Note und at'thi�Srrurity ins:rument.
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<br /> � Form 3028 8I80
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