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<br /> �;:iy.���;i?;ur�y rn ln;r;?r ha e,:yuir,:;l,at tice u�nion of 1>>ucic�•, If lil(SfIS?,^,^C Ii15(IYaitce covera,^,c Cin tlie°.i�tnunt arid for ch��lcfiod '
<br /> -•-.".�^.:� ���.,t If:u,i;s r.:qulrc�,)provictcil i�y am in:�u�:r ap�;����vc�.�{�y da��idcr n��aiu b,cai��s av:iilablc.�ni� Is oUf.�ine�ct. ilmran^es•al!�����l�iy � ..
<br /> � the�rcrnimi�s�•c��ub�cii to maininim m�ng;et�c in�u��ancc in cffcct,or tu�f�ovidc n Icfss rescrvc,uiit8 t{�c r�.�uir��n;:n2 for irun3Za�;c
<br /> '"°1°�' I�i:,�srancc ci�nls iiti arcm�fancc with any wri:tcn ag�ccnticnt 6et���cc��[iorrowcr anr3 I.cndcr or appl icablc law.
<br /> 9. Inx�ecUcna. l.citidcr�r its agcnt may niakc reasaiublx cntrics upu�ti nnd In:,}�cctions off thc Properry. I.c�tidcr shall Fiva
<br />___,-��-,,�,� l3orrawcs'natice i�t�he time of�r p rior to an inspectton specifying reas�nahle c��use for thc inspection.
<br /> - � condenma�on�ar nti er tuking nf uny pan�uf N e Praperty,or'forfconveynnce�in lieu of condemnation, aro I c'rebytnssigned aad
<br /> shall bo patd to I.�ndcr.
<br /> • 1n the evcnt of a total tnkin�of thc Property,�hc procceds sh111 bc uppfled tn thc sums sccurcd by this Sccurity Instnlmcnt,
<br /> whcthcr iir not th�n dua, witlt nny excc�s paid to Borrowcr. In thc cvcnt of a p�rtinl ta.king of thc Propc►�y in which thc f iir
<br /> � markct valuc af thc Pn�perty immcdiatcly beforc thc taking is cyual to or�reatcr than thc uutount of thc sums sccurcd by this
<br /> -°__� Su:u�ity Instrument imm�diately beforc thc taking, unlcss Borrowcr and l.cndcr otlicnv�sc agree in writing,thc sums sccured by
<br /> �hia Sec.urity lnstn►tncnt shall be reduced by thc amount of the procecds multiplied t�y she following fraction: (a) the totul
<br /> nmouni of tlie sums sccured immcdiatcly bcforc ihc taking, divided by (b)thc fa�r markct v;�luc of thc Property immcdintely
<br /> ---W-� beforc thc taking. Any balancc shall bc paid to Borrowcr. In thc cvcnt of a partial taking of thc Property in wliich thc falr
<br /> ��-- markct value of the Property immediately before the taking is Icss than[hc amount of the sums securcd immedi:►tcly bctore the
<br /> taking, unlcss Bonuwer and Lender othenvisc agrec in writing or unless applicable law otturwise provides, the proceeds shall --
<br /> _ bc applicd to the sums sccured b}�tl»s Securiry Instrumcnt�vhether or not thc sums are then due.
<br /> ...i.r=�� if the Propeity is ubanduned by Borrower,or if, ufter notice by Lender to Borrawer t6at the condenuwr offers to makc An -
<br /> --- nward or settic a claim for dnmagcs. Borrowcr fails to respond to Lendcr within 30 days aftcr the datc the notice is given, -
<br /> �!'!`�'�;`%'";�°� Lender is luthorized to cotlect and apply the proceeds,at its option,citlur to restorat�on or repsir of the Property or to the sums
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<br /> _�'""--- sectan;d by this Security Instrument,whcther or not then due. �"Y`
<br /> �y,�� Vnlcss Lendcr and Borrower athcnvisc agree in writing, any application of prncceds to principal shall not extend ar __
<br /> ---�=''°"'� postpone the due datc of the mm�thly payments referreci to in paragraphs l and 2 or change thc umount of such payoicnts. :_• -
<br /> �;:;i��r� 11.Dorrower IVot Rcle.�tsed;Eorbearance By Lender Nut u WAiver.Extension of thc time for payment or modifi�ation _ __
<br />�;����_�9 of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Bon-awer shall �,�„.
<br /> =- �+.� not operate ta release the linbiliey of the originul Borrotiver or Borrower's successors in intemst.I.ender shall not be required to � <
<br /> 7!3-).'P_ -
<br />.,,-���,f�,��{ commence proceedings against any successor in interest or refuse to extend time for payment or otherv+ise modify a�nortization �l�
<br /> 'i^'� of the sums sccured b this Sccurit Instrument b rcason of an demand madc b the ori inal Borrowcr or Horrower's p''=-
<br /> ..��:�.��;_., Y Y Y Y Y S [�;�
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<br />�.;•-,R; s,�,,.,i, successors in interest. Any forbeanncc by Lender m exerc�sing any rgnt or remeuy ahaii ��ui i;e�i :�u�����:�r�="w^l���:��
<br />'��'�`'`'�'`�' exercise of an ri ht or remed �f�� �
<br /> ,4Yr.it ko v'.�w Y E Y• p�_,,,
<br />_�i��.;-'fy'''�-'t�� 12. Sutcessors un�l Assigrts Bound; Joint and Several 1,iaUility; �o-sl�ners. The covenants and agrezments of this ��
<br /> _ .�;•: �,.�,
<br /> ' " ��-)`�f4 Security Instrument shall bind and benefit the successors aiid assigr.s of Lender and Bonower, subject to the provisions of ��
<br />''::.:�1�.. Iifhl�) " �
<br /> :w�:���+' paragraph 17. Borrower's covenants and ngreements shall be joint and several. Any Borro�ver who co-si�ns this Securiry
<br /> .3� �i,.. :`�,:.Y�,.
<br /> ��,�� Instrumcnt but doe.e not exccute the Note: (a) is co-signing this Security Instnmient only to mungagc, grant and convcy that �i�_
<br /> Barrower's interest in the Propei�y under th�terms of this Security Instrument:(b)is not personally obligaced to pay the sums
<br />"`��`�;-�.-' secured by this Sccuriry Instrument;and (c)ug�ecs that L.ender nnd any other Borrower may a�rcc to cx[end, modify, forbear or ���'�`
<br /> ' ` -�—.� make any accommod�tions with regard to the terms of this Security[nstrument or the Notc without that Borrowcr's consent. �'.�•".
<br /> •�.�+�°�-� 13.Loan Chnrges. If the loan secumd by this Security Instrument is subject to a !aw which sets maximum loan charges.
<br />-��L-� and that law is finally interpretesl so that the interest or other loan charges collected or to be collected in connection with the
<br /> _—�,...,....,,�„ , �-
<br />-���----� loan exceed the permitted limits, then:(a)any such loan charge shall be reduced by the amount necessary to reduce the chnrge ••: �•,
<br /> _�'' --'f-"�'� to the permitted limir and (b)anysums already coUected from Borrower�vhich exceeded permitted limits will be refunded to � 4i..�r;
<br />""��`�`-'_'?"� Borrower. I.ender may choose tn make this refund by reducing the principal owed under the Note ur by making a direct _
<br /> w-��'r=' r��.`�� a ment to Borro�ren If u refund reduces nnci al, the reduction will be treated as a partial prepayment without uny
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<br /> "`x��"''�-��`?� prepayment charge Undcr ttic Notc. `
<br /> ...ac:_�:... .,.r l y.
<br />=-■���,�""`• 14.Notices.An notice to Borrower ravided for in this Securit Instrument shall be given by delivering it or by mailing
<br /> :."�r�:,:s:»': Y P y .
<br />';�;�.::: :� . _ it by first class mail unless applicable law requires usc of unother method. The notice shall be directed to the Property Address :• �
<br /> •- . � ,�.��,.
<br /> --- "�'+'��' or any other address Borrower designates by notice to Lender. Any notice ro L.ender shail be given by first cl:�ss mail to
<br />__-_:��,_J,',�":
<br /> -°f;}��,,,.;,;,�: Lender's address stated herein or any othcr address L,cnder dcsignates by notice to Borrower. Any notice providcd for in this ;
<br /> _ -;�>;,.�•: , Security Instrument shall be dcemed to have bcen given to Borrowcr or Lendcr when givcn as provided in thi;paragraph.
<br /> - . >; 15.Goveraing I,aw; Sev�erability. This Security instrument shall be govemed hy fcderal law and thc law of the
<br /> _--;;. �; • = jurisdictian in which the Property is located. In the event ihat any provision or clause af this Security instn�ment or the Note
<br /> "'' -" " conFlicts with npplicable law,such conflict shall not affect othcr provisions of this Securiry Instrument or the Note which can be
<br /> �::�,.•��'...,::
<br />,;_t..�. . ..:: :._ given effect a�ithout the contlicting pravision. To this end the provisians of this Security Instrument and the Note ure declared
<br />-:i•�„.. :� - to be severable.
<br /> ';";,�1� 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and vf this Security Instrununt.
<br /> .:_;` t.
<br />� ' "- • Form 3028 918D �
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