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<br /> paymrnt�s tf►ay no lon�er be�+equimi.�t thC optiun oY l.endcr.iP mortgage ittAUtanco caeeraga(in Uie enwunt and for thb pedod
<br /> . �d b [.cndcr n nin hes:�mey avnitcblc and is aht��ir�ai. iiotcowcr ahal!pxy
<br /> } n lx��ler rec uires re�vidcd h ns�Insure�np>>mv� y �
<br /> t�, I ?p Y
<br /> ii�a tncn�Iu��i�tc:t{uticeti l��ItlH{�iia�it i�hiiZ�jGtSJ ii1;l{Fuiiin'.in effexK.11t lA ElIt1V�lI�!!!IOti4�fSBPVC, IU11II(ItH 1'Cf]UIPC111C81 Il)t II1t1Yl�(Aut�
<br /> in�uru�co end»in itccurd�nce with uny writtne ngr��u�rnt hetween 13�r�•uwcr ut�t IA�uicr ur applicubl��luw.
<br /> !,lnnpeatiw�. I.e�xter�tt(t�agcnt nwy nu+kc rcws�nwhlo entrleY u�n�uixl inspccNnns af'ttia t'mpcAy. l.endcr shull giva
<br /> � &trruwcr txRice Kt the Ume of ur prtur to wn inspertiun epccil'ying rc��smuibie u�use fi►r tlte inspcction.
<br /> 10.CandemndMn.Tho pnx,ee�is nt any c�wurJ c�r elutro fi�r d�unagas,direct ar consequentful. in cannatiun wlth any .
<br /> cui�icu�i�+tiva.�r uth:r tAklug of any p:ut nf the Pmprrt�r,nt fnr rnnveyurs�e In licu oP�ottdenuualiun,ura hcreby nsslgned iuid
<br /> e6A11!+o pxid to I.�cndcr.
<br /> Tn the evant uP a tutal tuking oP the Praperty.thc procada shutl be uppliai to the Awng r,ecun�i by thia Secudty Instrument.
<br /> whcther or not thcn duc.with any excess pntd to Barcawcr. In the evcnt of u pnrtiul tuking of the Praperty in which e!►e fuir
<br /> market vutuc of the Fraperty imm�diately beforc the taking is cqual ta or gre.lter thun the umauat af tho sums secuted by this
<br /> Ssxetriry Insttumcnt immcdiatcly befare the taking,unless Bormwer und Lender nthecwise Ast�cc in writing,the sums�ecured by
<br /> this Sccarity Instruatcnt s}�ap be reduced by the nmount of thp pmcee�s multiplied by due followinE Prnction: (u) thc totnl
<br /> arnouat aP the sams se�uted inunediately before the tuking.divlded by (b)the fuir market vulue of the Pmperty immedfutely
<br /> before the tnking. Any balana� ahall be paid to 8orrower. In tha event af a psutinl tukin�of ths Property in which the fair
<br /> market vulue of the Property immediutely befbre the taEcing is less thun the amount of the sums seaured immedintely tsefore the
<br /> tc►king.unless Borrower and lxnder otherwise a�crc in writing or unless appltcmble law otherwise provides. the proceeds shall
<br /> be ttpp7ieil to the sums secure�i by this Secudry Insnuc►►ent whether or not the sums nre then due.
<br /> IP the PropeRy is a6andoned by Borrower. ox if,after notice by I.ender to Horrawer that the condemnor affers to make an
<br /> award or settle a claim Cor damages, Botrower fails to mspond tu Lxndec within 30 days aRer thc datc the notice is given.
<br /> I.ender is authorized to collect und apply the procceds,at Its option,either to reswration or rcpa�r of the Ptoperty or to the sums
<br /> secure�My this Sc�vrity Instrument,whcthcr or not then due.
<br /> Unless Lender and Barrower otherwise ag�e in wrtting. uny applicatton of proceeds to principal shall not extend or
<br /> postpane the due dute of the monthly payments referred tu in para�uphs 1 and 2 or chanse the r►mount af such paymeats.
<br /> 11.Borrower Not Released;Forbearance By Leader Not u Weiver.Sxtenston of the time for payment or modificatton
<br /> of amortiuition of the sums secttred by this Secudty instrument granted by L.cnder to any successor in intetest of Borrower shall
<br /> rtot operate to release the liabillty af the odginal Borrower or Bonower's successors in interest. [.endec shall not be rquired to
<br /> commence prooeedings agalnst any succ�ssor in interest or refuse to extend Nme for puyment or atherwise modiPy am�rtization '��
<br /> of the sums rsecureti by this Security Insuument by reason oF pny demand made by the original Borrower ar �onower's r`
<br /> sucoessorg in intemst. Any forbearance by Lencler in exercising any right or remedy sh�ll not b�a wniv�r of or preclude the
<br /> exercise ot uny right or[eme�ly.
<br /> 1Z. Successora and Assi�ns Bound; Joini and Se��eral Liabllity; Casigners. The covenants and agreemcnts of this
<br /> • Security Instniment shall bind rand b�nefit the successors and assi�ns of L.ender and Borrower. subject to the provisians of
<br /> • paragraph 17. Bom�wer's covenants and agreements shnll be joint and several. Any Bacrower who co-signs this Security
<br /> Instrument but daes not execute the Note: (a) is casignin�this Security Instrument only to mortguge,grunt and mnvey thut
<br /> 8orrower's Interest in the Property under the terms of thig Security I�suumen4 (b)is not personuUy obliguted to puy thc sums
<br /> secuted by this Security Instrument;nnd(c)ugrees that I.ender and any ather Bonower may agrce to extertd. modify,forbear or
<br /> muke eny accommodations with regurd to the tercns af t�his Secur�ry[nstrument nr the Note without that Borrower'r consent.
<br /> 13.Loan Clwrges.If the loan scxured by this Security Instrument is subject to a Iaw which sets mucimum loan charg�, �, �
<br /> and that luw is finully interpreted so that the interest ur other loan churges co3lected or to be collectecl in cunnection with the
<br /> loan exceed the permitted limi�c.then: (u)any sueh lu:ui chnrge shalf be reduced by the umount neces.x�ry to redu�r the charge w,.�.
<br /> to the permitted limlt:and(b)uny sums already roilected fmm Bormwer which exccedcd permitted limits will be refunded ta
<br /> Borrower. Lender muy choose to make this refund by reducin�the principal owed under the Nnte or by making a direct
<br /> paymeat to Borrower. If a refund reduces princlpal. the reduction will bc treatcd as n p:utiul pmpayment without any �``+
<br /> prepayment charge under the Note. ;�;`
<br /> 14.Notices.Any not�ce to Borrower provided for in thia Securiry Insuumcnt shult bc given by delivering it or by mailing .�;�
<br /> it by first class mail unless applicuble inw requires use of another method. The notice shall be directed to the Property Address ���
<br /> or any other address Borrower deaignates by notice to Ixnder. Any notice to l.ender shall be given by first claac matl to „
<br /> Lender's uddress state�l herein or nny other address Lender dcsignutes by noticc to Borrower. Any notice provided for in thls �j,
<br /> Se�curity Iastrument shall be deemed to have be�n given to Borrower or l.ender when givcn us provided in this parn�rsph. ,,,;�
<br /> IS.Goveming I.nw; Severability. This Security Instrument shall be �overned by federal law and the Iaw of the �:r.`
<br /> • judsdIctIon in which the Properry is located, in the event thut any provision or clause of this Security Instrument ur the Note �''� �
<br /> contlicts with applicable law.such conflict s6n11 not affect other provisions of this Securlty Instruc►tent or the Note which can be
<br /> given effoct without the conflicting pmviston. To this end the provistons of this Security instrument and the Nute ue declnred
<br /> to be severable. "
<br /> 16.Borrower's Copy.Borrower shall de given one rnnformad rnpy of the Note and of this Security Inswment. �
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