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<br />_� , . payments mayr au longes be cequ�ed,et th�opti�on o€I.�d4a.if mortgage tnsuruace covaaBe(ia the amount ead Far the p�rind : � ��w
<br /> �' ,- ' - �- , t1l2L I��ei I��ues}p�iDvided 6y a11 in�ic'd SpylOVed by Lead�e$3in 6eCOiue3 av8�I3b16 8IId is abtained.B01toW�S�alI jiay fha , a�
<br /> � ,-- : �, , • Fre�niums iequued o�mainfain mortgage iasmance.ia effect�or to Wovide a IQSS nes�ve.tmW tke raquaenteat for ffiart�age . ,,` ,� �:
<br /> c i Boimwerandl�oa licabiC1aav. -4• �'r�;��°"
<br /> ° ' iusnra�ce euds in aacard�ce with eay written agteenaentc 5etwe� ePP • .._�,.�:,;�-;�::-�.�:�.�..:�
<br /> - - . , . 9.In3psetion._ I�ea�er or itg ageat may make r�asanaSsste entciies npon and inspections of the Prape�iy.I.eader sf�give � ;�,ri.�_ —�—
<br /> �'i" _ . t � Bomswei nntice atshs time of arpsiar oo�inspecuon specif�ng reasou�a6�cause fas the�. � , , � `'�:�°
<br /> � `" �T" 10.Cond�3�am The g�oceeds of any awaed ar etanm.far damage�,d'uect or oonxqueatial,ia c�anec6cm wIth �y _ . �+ ,� - —
<br /> �'4' ' . . � ..� �ti�
<br /> . caademnada�or atha�atting of aay gact of the Prap�sty,ar faI canveyanoe in tieu o8 condemnati�n,er�1�aeisY as�g�ed and --
<br />_ sballbepaid tat.en�ei • � .
<br /> - • 1n We eveat of a wtal tal�g of fhe Pcoperty.the gmceeds shaII�e applied to tlie s�ms sec�d by tlus Setxuiry r^�+��, --_ ------
<br />- . • �` � whether or not t�en due.wah anY ex�i�aid to B�mwea In ti�e ev�t of a partial taldn8 of tt�e Prope�ty in which ti�fafrmadcet� � __--- — -
<br /> . ,.' . . value of the Pm�r i�ediat�dy t�efo�the mlung is equal m ar greafer tt�aa the amoant of the s�s secGnd by t�is Soc�ity _ =
<br /> � . • ' Iaso�ment immediairlY before the tatdng,nnIess Baaow�and Len�othaadse agree in writiag,t�e sums soc�ed by.this
<br />- �� .. � � ` Secmity Insirument sball be reduced by the amouat of the yroseeds moldplied by the followmg fiac.tian:ia)the ta�l amouat of
<br /> y.��4�� � r' dte sums sec�ed immediately 6efart the tajdmg,divided bY (b)the faa marYet v�a of the Y�mperty.�Wy fufdsa the -
<br /> _'..�_..c�.:' '._ ` : •�,. . . � �13lt1Y =_
<br /> ta�,g.Airy bata�e sdaII 6e paid w Bqr�owes.In the eveat r,f a paz6a1 ta3cing of the Propaty in which B�ie fa�madc�t vatue of the
<br /> .- -. .- . -�� � ---..-.... ._propeaty-immedi�cly.befose-the-ia1�g is.Iess..tLan._tb�_.aa�u��.S�the sums sec�r,d-----.,�-- befaa�e t�e t�ing,nniess
<br /> ` . � . Bairowea and Lender oiheia+ise ag�ee in wdtiag or�miess applic�bte 1aw mhea�vise grovides.We pmeeeds sbaTf�e appiied to the
<br /> . .. � sams se�ed by this Se�tyr Iastrmatemt��ether or aot tse soms�e�theu dnG . �
<br />- � , If the P�apecty►�s aHaadmied by Bm�owea,ar if�,afta notice by Lender to Borrowea tl�at the condemnnr affas m matce aa
<br /> . . .. award ar seule a claun for damag�.Boaow�f�s ta m,spond to L�ndea within 30 days afta tbe date�e notioe is givm,L�nd�r . _
<br /> :'' . , . .� - at im option,ei�ea w rESmsa�on�r�pair of the Prnperty ar to'dta anms secus+ed'. . .
<br />-. . . , is authfliizcd to coIled aad-apP1Y��P� �
<br /> � by this Secarity L�sttument,whethea or nat the�due. , -
<br /> . ' Unless Lemder and Baimwwer otheawise agee ia wri�8.anY ePP�ion of gioc�ds W grincIpal s�aIl aotex�tnd or gasq�one ��`' -•� -
<br /> . .. : . ` the due date of ths mant�Ig paym�ts�ferr�to in g�g�apbs 1 and 2 or ct�ange the amompt of sasd�p�mmts. r�,��_
<br /> •� � ii.Bns�rower Not Re�sised;Forbearaac$By I.ender Not a VVaiver. Bxten�an of the time for paymene or mo�oa ��'
<br /> � ' � ' � . of ama�on of the smns secured by this Sec�ity Insor�ment�antEd by Lemder to any suexessor da inteaest of Banower sha11 ="'�
<br /> � not opeaate to r�Iea�e the liab�7iry of t��c�ri�nal Bomowa or Bosower's successois in iat�st.I.ender s�all not be iequ�d to -.°.'�'
<br />- � � . , wmmea�ce Pmceedings a8a�t a�►Y s�c�or ia inte�est or refuse w extend time for payment or othe�ar�se mofiify amaru�atian af '���.�.�
<br /> '.'.-.--.-_----�_..__. '. . the sams secaued by this Se�iry Inso�nment by reas�of aay demand made by the original Boaawer or Bomawa's s�cce�ars s �;.�•i=
<br /> � . " . � .ia interest Any forbearance by Lended in e�cer�cisting aaY right or teffiedp shall not be a waiva of or precWde the ax�cise af any :,`-��-
<br /> �: --
<br />_ � . �. - rigut ar remedy. � : - _
<br /> � IZ.Snoc�ssora end Asslgns Bous�;doint an�Several LiaDNty►Castgnets. 'Itie wvenanss aud agreemenis of ttds ` :.r��M
<br /> • . � � Sec�uity Iastmmeat sdall bind and benefn the successors and assigas of Lendea� and Bonrowea,snbject to the pmvigions of �
<br /> - . � � -� . pa�agraph 17. 8onower's covenants end agreeane�ts si�all be jaint and seves�l. My Bonower who co-sigas this Sec�ry y��
<br /> .' _ a agra -�-
<br /> � Instrument but daes not e�aarte the Not�(a)is co-signing this Security Insir�ent only w mortgage�grant aad convey tLat ° �,��
<br /> ai
<br /> '`: • Borrower's interesc in tAe Propeaty�der the teams of tlris Secusiry Ias�uummen�(b)is not peasonalty obligated to pay the swms �v
<br /> � � secuced by this Seauity Instram��anc!(o)ag�ees that Lender�d any othea Bomowea may a�ee tn extend,modify.forbear or �..%-_
<br /> ` . , mahe�y accommadauons wit�regand to the tenns of tlus Securiry Imstcument or the NoLe withost tUat Boaoara's cansent �:_:_;�-
<br /> • �� • 13.Loa�o Cbuges. if the laaz�sec�ed by this Ser,u�Ity Instmment is svb�Ct.to a Iaw which sets maximum loan charges. :,., ; .. � , -
<br /> , .. . � and that 1�w is fmally inteayretRd so thai tho iateaest or othea loaa chargey co�e�tedd or to 6e coIIeaed in connection with the loan ;, ,_:� .�; .•�
<br /> , :r . . acceed the peamiued limiLS.then:(a)any sucb loan charge sha116e retluced by the amonnt necessary to reduce the c6arge to the .,_:'{� .
<br /> � . ' �amiuea��aaa ro>a�y sams atrea�wuecrea�rom BoAaw�wbi�e�ceeaea�aea�mas wiu�e recunaea w smrowa. ,�.; _
<br />-,r = ` . Leadet may choose to mt�ke tAis refisQ by reduciag the p�acipal owed undea the Note oz by malctng a d'uect payu�eai w - ;�,f.
<br /> �.• . Boirower.�If a refund reduces p�cipat.fhe reduaron will be treated av a parda�prepayment wlthout�►y prepaymeat c�rge . , ���
<br />-� . � undertheNote. .< , ,��,
<br /> 14.Notkes. Any notice w Somnwer piovided far�n tbis Security Instrument shall be gh►en by delivering it ar by mailing it . :�.r
<br /> y� � ' by fust class ma31�ml�s applicable law requ}res use of anathea methad.'I1ie noflce shall be directed w the Pfroperty Addr�s or ;. ; �:
<br />- � • any other addres9 Borrower designates by aotice w Lendea.Any naticce w Lendea shaU be glven by fust class mail tn Le�er's ; �;
<br /> •;.. . address stated h�eim or any othea address Lendes dP.signates by noticce w Bmrower. Any norice provIded for in this Securiry . . ,��;
<br />`�'.t.� -� ' Instimnent shall be deecned W have been g"►ven to Borrower or Lender when given as provided in this pa�agraDh. ' � ' s r
<br /> '_ . 15.Governjng La�v;Severa6ilIty. 7Uis Securiry Instrument shaU be.gweaned by fedeaal taw and the law of the ! ...
<br /> ''`i .
<br /> jauisdicdon in which the prope�ty is Iocated•In the event Q�ai any provision or clause of this Sec�ity Tnsnvment or the Note ; ; `
<br /> ;::� conflicts witb appiicable law,sucb conflict sBall not affect oth�provisions of this Security Insuument or the P2ote which can be � ���f
<br /> � . given effeat vrithaut the conflicdng pruvL�oa.To this ead the prov�sIons of this Secutity Instrument and the Note are d�lared to ` �'.�.�
<br /> • �� •. � he seve�able. � {
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