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<br /> -�Y��=-r�, rA ton er 6e�rxq�ired.ea the option af Leader.if mortgage i�vrance caverage im Qie amount a�nd o�e pesi°d - �-�,�T �_
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<br /> �,y�a'.,°:��.�'-�`.. that Lertder'requaresy Provided hy aa insurer appmved by Le�ider agaia 6ecumes available aad is obtained.Bat�wer sHall pay ._�_..==_—
<br /> _ , �°. ths pre�i�,►ms required to maintain�ttart�g�insurnnce in effect.or to pravide a loss resen+e.uatil the requiremea�for mart�a„e �`� _
<br /> ��"°' '�;�� insurae+c.�enas in ac�c+ordatcce with aoy writtea agr�nEnt beiween Borrower and Lender oi applicable law. —
<br /> �, , �: �. ,a.. .
<br /> 4.Ins�on.Letider or iu agient may t�ke reasor.abte enuies_apan aa�inspections of the Property.L,ender shall give �,a,,a,,
<br /> Y f; , .�, ° .�orrawer notice at the Wne of or prior to an inspection spe�ifying reasonable cause for the�t�sDection. ' ��-
<br /> �i(9.Condemnutinn. The pmc�s oP atry t►�vard or ctaem for�anoages.disect or•eonse4aeatial. in sonn�ion with ai►y . ��
<br /> ._,_;� � ,r ' condemnatioa ot other taking of any parc of the�'raperty.or far conveyance in lieu of condemnation.are henby a�signed aud ��_�.�,,.:_
<br /> E ��1 shu116e�aid to L�nder. inMmmeftt� � __
<br /> ;' �` ``' � Ia the event of a tota!taking of ihe Progerty.the proczeds si�all he applie�to the�ums secured Dy this Seauity
<br /> -� 'f�..� `: `C � wi�ther or tcot then dae. with any e�s�s paid w Borrower. in the event o f$Parti a l,t a t a n S of the Pro p r rt y in wiuch the fair _-__----
<br /> = � market valne of the Property immediately befotrz the ta�ng is equa!to or greater than the anaa�nt of the snms secured by thig __
<br /> �"`� `'� '";'ry�.•.' gecurity Instruatetn immediatefy btfare the taidng.unless Burrower and I.euder oWernrise agree in andtiag.the suR�s sesured by
<br /> �':~�;�*: : .. ttis S�ity Instrument shal} be rede�ced by the amount of the proceeds multiplied by the following fiaction: (a)the tota!
<br /> �.,� . , . y �mmediately .
<br />��}i�Y�.T;�::4�,h��:�,:• amoant of the swns secured ir�m�eate�y 6efore the ta�ing.divided 6 (b)tbe.fair market vatue of the'Pmperty� .
<br />. � • 6eforc tl�e taking. Any balance shaU 6e paid to Borrawer. In the event af a partial tal�g of the Prape3e}+ in wIuch me faiT -'
<br />��'' ,'�;; .: ':• ' marlcet value of the Pmperty immediately before t6e taki�g is less th�the amount of the sums sewre�immediate�y 68fore tPte
<br />�'`� � ' r;,; ; takia untess Borrawer and Lendes othBnvise agtee ia writing or wsless appticabte law otheYwise pmvides.thE procaeds sha11 ,
<br />>�. •. .._.,�u. , � e $•
<br /> - :..� s• � be appfied to the sums secured by t6is Security Inst�uaaent whethe�or nat the sums are the�dir.e.
<br />� "�,'`� ` �f, -.. '°: � If the Propesty is abar.doned by Borrower,or if.after notice by I�nder to Eorrovrer that the wudemnor offeis to malce an
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<br /> '- • • ' award or settJe a ciaim for damages.Barrower fails to respoad tb l.ender vrit�in 30 days after the date the s�atic�is given,
<br /> `'=� . . . . Leader is authosized to callect and apply the proceeds,ai its option.eithet to restoraiion or repair of the Pmpeny Qr'to the su�
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<br /> � ° secured by this Security instnimen�whether or nat then due.
<br /> f �,'1 < ~ . -Unless Leirder and�Bomnwer otbeeivise��in writing,-any appiicxtion of pro�to prins:ipal sf�all n,at extend�Qi
<br /> .....• postpone the due date of the monthly paymerts referred to in paragraplss 1 and 2 or change the amauut of suct�payments: �
<br /> ,.� ..•.
<br /> Il.Bosrower Nut Released;For6�raas�e Iiy Lender Not a Waiver.Extension of the rime for payment or madifcation
<br /> ' ' � ' of amortization of the sums secur�d by this Security Instrunient granted by Lender to any successor in inferest of Borrower s6all ,s..:;:•.
<br /> .- ---. not opeiate to retease the liability of the original Borrower or Borrnwer's su�ors in iaterest�Mer adrall not Ge teqaired to�:�:�:;;"��
<br /> .,.r:,
<br />� �� ' commence proceedings against any suc,cessor in interest or ref�se to eatend tiace far payment or otherwise modify amortiTation .�:�. � :
<br /> . � • . ' of the sums secured hy tlus Se�urity Inswment by reasan of any demand made by tt�e arigtnal Borrower or Borracver's —�—.
<br /> � ' , saccessors in interest. Any forbearattce 6y[.ender in exercising any right or remedy sh�ll not be a waiver of or preclude the
<br /> � �� . exercise of any right or remedy. ' • �
<br /> ' •. 12. Suaxssois and As9tgnc Bouad.Joint and Several Liability. Co�si9Reis. The cob�sris and agr�emems Af thi,
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<br /> , \ � Security Instrument shall bind and benefit the successors aad assigns of Ixnder and Sorrowes�:�inyect to the provisions of
<br /> , • - .;�.,� •' paiagrapb l�. Sorrower s cuvenants and agreements shall be joint and sar•eral. My Bon�owe?'who c�-sigas dnis Security
<br /> "�t.!�}� ' '� • � Instcument but does not execute the Note:(a)is casigning this Secarity lnstn�ment only to morina�.grant and come}r that .
<br /> . ,:.}.. _
<br /> : Enrrowec's interest in the Property under the tertns of d�7is Security Instrament; (b)is not pe�sunat�.j�;rsnligated to pay the sums :
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<br /> `�� secured by this Se�rity Iastn�ment;and(c)a�ees thai 1.ender and any other Borrower may agree trT;�t�nd,modify.forbeaz or
<br /> .,fr : . -
<br /> ' :'�f r�i.,.. � make any ac.commadatio��vith regard to the terms of this Security instrument or the Note without�trr�Bnaower's consem.
<br /> `��``� �. 13.Loan Char8es.lf the loan secured by this Secuiiry[nstrament is subject to a Eaw which sets maximum loan chazges.
<br />- - .�:�h...:
<br /> and that law is finally interpreted so that the interest or other loan charges collected or to be catlected in connection with the
<br /> � '. ' Y loan exceed the pemaued limits.then: (a)any such loan chasge shaU be reduced by the amount c��sary to redace the charge ,
<br /> _ _:-�+;.::-=�.�. to the pem�itted limit:and(b)any sums already wllected from Borro«•�r which exceeded permir.�+f'.i:mits will be refunde3 to —
<br /> �—
<br /> -''"�:;;j�;; �,:� Eorrower. I.ender may choose to make this refLnd by reducing the principal owed under the Note or by mdking a direct -_
<br /> � '�.� ����,`?;;:. '°. payment to Borrower. If a refund reduces principal. the.reduction will be treated as a partial prepayncer�t without any
<br /> . pmpayment charge under the Note. ' �
<br /> .��`� • � . �. 14.Notices:Any notice to Borrower provided for in this Seturity Instrument shaii be given by deli'vering it or by mailiII��
<br /> g it by first class mail unless applicable!aw r�quires use of another methad.Th:aotice shall be directed to the Property Addre�. . _
<br /> �' �,. �.•
<br /> - ar any other address Borrower designates by notice to Lender. Any natice to Lender shall be given by first class mail to"
<br /> '�+�• � ;:;�,,; F • I.ender's address stated herein or any oiher uddress l.ender designates by notice to L�qrrower.Any nouce provided for in this :
<br /> .�, ..��
<br /> �"i'`;: � � Security lnsttument shall be deemed to I�ave been given to i�orrower or Lender when given as provided in this paragraph. . .
<br /> �'� ' � • '. � 15.Goi�cs�T�p.g l.aw, SeverabiUty. 'f7�is Security lnstrument shall be governed by federal law and the law of th� �c'��.�„�_
<br /> � '_: �� ., jurisdictioa iR�viiirh the Property is Iocatc+d-�n the event that any provision or ctause of this Security Inswment or the No:e: , �1
<br /> � , ��� _-
<br />- ' conflicts wit,'��►gglicable law.such conflict shall not affect other prclvisions of this Security Insttument or the Note which can be � :
<br /> �.f. `. ' , givcn effecc v�itixout the wntlict3ng Rrovision.To this ertd the provisions of this Security Instrument and the Note are d�clared � -
<br /> � � to be severable. •� ' ,'��'L��?`
<br /> 16.Bon+a�ve�'s Copy.�c;rawer shall be given one conformed copy of the Nate artd of this Seceuiry Insnumer.t. ' '� `'' �
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