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<br /> , 4ubtiuntlially cyuivalcnt munga�;c i�isurunc� ciwcragc is nut aw�l,�lc. I3ur�c�wcr ,hall �ay tu l.cndcr cach munth a tium ci�ual to , .
<br /> • unc•t�vclfih of tltc yrurly �uurt�,ugc imw��m�•��prcmi►nn hcin�;p:�iil h��13iuru�►•rr whcn Ihc intiur:incl cuvimn�:u�rsc�il�,tteca�`�c:d�o
<br /> bc in ctlrct. Ixndcr�vill itccci�t,uti��und rel,iin thctic paym�ntti ati ;i I���� rc,crvc in liru uf m�,rt�;;'�
<br /> payincntti may n�e lun&cn c�r�quircJ,+d it�c optfun��f�IAndrr, if murt��u�;c insur:mci:ruvcr:iNr(in tit:;:�nuunt und I<�t tP�;�,ts•i�rt �,,
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<br /> " th;u l.cndcr rc��uir�sl providcd by an intiurcr approvcd I�y IAndcr a�;ain b�cc�ntcti availuhlc vn:l i,oti�win«I. {i„s�sow�e shsll pay .,
<br /> �.. . thc prcinfumti rcyuircd lu m;�intain murtgn};c iu�urnnc�i+i cffcct.ur to providc�i lus�rescrvc.untii th:ru]aitcni:yn5 fc►r mortgugc ` ;s
<br /> � iusurnncc cnds in ncc��rd.mcc�vith un writtcn a�rccmcn� bctwccn I�orrutivcr und l,cndcr or iip{�licublc la�+,. • .
<br /> 9. Ins�xy:iln��. lAndcr ur i�s ugcnt may iiinkc rcasonublc c�itricr upon und in�prcdon+of th:Pnip:rty. l.e+�dwr shnll givc ---
<br /> = Burmwcr nuticc nt thc tinu uf��r prinr tu un in�pcction spccifying rcas�nablc cuusc fur thc ins�v:ceion, ,
<br /> 10. Contic�tntttN�►��. Thc prarccdti oi any +iwi►rd or clanu fur dum�cs, dirc�t c�r rcroscq�':.:�tf.^.I, in cunnerti�m with any .
<br /> ,. ". , cc�ndcmnution �ir othcr tuking of any ps►rt of thc Property, irr f�,r convcyunrc in licu of awdcen�c�tion, ,irr. hcrcby ustiigncd nnd .
<br /> ' shull hc p:ud to l.cndcr. `:_—
<br /> ._ ' In ihc cvcnt of�i tutal taking oF thc Property,thc prucecds sl�ull bc applicd to thc sums,ccurcd by thi>.Scxurily Instrununt. . �s
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<br /> . :�,�•-... whcth�:r ur not thcn dua with uny cxixss pa►d tn Rorruwcr. In thc evcnt uf a partial takinb c�f th: Pmp�rcy in���hi�:h th�� fnir •:��
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<br /> market v:duc.�f the Property immcJi:ucly hefbrc thc Iaking is c�aual to��r greatcr thun thc�unuunt uf thc �um� sccurcd by this �,�
<br /> qrri�ri�y instrumcnt immediutcly bcforc thr, takin�, unless 13orrower and I.�;ndcr othcr�visc agrcc in�vritin�, thc sums ucurcd by _
<br /> . • . � this Security Instrumcnt shall bc rcduccd hy tnc amuum uf ti�c p�occcds rru;tiplird h;, thp i„Il��.vinr. fractiun: (a1 thc tnt�.t . �
<br /> nmount of thc sums sccurcd immcdiutcly befurc thc takin�;, dividcd by(b) thc fair markct valuc��f thc Pr��perty immcdiutcly :R�4N
<br /> .. bcforc chc t�lcing. Any haliulcc tihall hc puid to Burri�wcr. In thc evcnt of a par�iul taking uf th�: Properry in +vhich thc fair ��,-
<br /> . •, murket value c�f thc Prup�rty imnudiutcly beFe�rc the takin�:is Ic�s thun the umuunt uf thc tiums ,ccured immedintely before the , Y�;�;,_-
<br /> " taking, unlc��k3nrro�vcr and L.endcr othcrwisc agree in �vriting or unless upplicnblc law othcro�i�c provides, the prucccds shaU -
<br /> . . ����;��::, bc appl►u1 to ihc sums sccured by this Sccurity Instrumcnt whcthcr or not thc sums arc thcn due. .- —
<br /> •. . `��`���+� If thc Property is ubandoncd by Borrn�ver,or if,aftcr notice by I.cndcr to Borrowcr thnt thc condemnor utlei�ro m:i.e:i;�
<br /> � a�:urd or sctrlr � cl;+tm for tI81110FCti. Horrowcr fails t�� respond to I.cnder within 30 duys ufter thc dutc tl�e nutice is gi�en,
<br /> �'�`' Lcndcr is authorir.cd to collc�t and npply thc procccds,ut rts optiun,cithcr to restoratiuit or repair of thc Property or ro thc�um� �. ; _
<br /> �• ' '.`„�'. securat by this Sccurity Instrumcnt,whcthcr or not thcn duc.
<br /> ''ti;'1;;�.. Unlcss Lcndcr und Burruwcr othcrwisc agrcc in writing, any upplication of procccds to princip.il shall not extcnd or .
<br /> +..:,.`,.' _ ;.�{, postpone tlis duc datc of thc monthly paymcnts�•cfcrrcd to in paragr.�phs 1 und 2 ar changc thc umount of such u mcnts.
<br /> :� .x 11. Nnrroa�er Not Rele��.sc�•Forbenrnncc liy l.cadcr Not u Wnivcr.6xtcnsion of thc timc tiir puymcnt�r moditicatic�n _
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<br />, �,'i.,,,t. _ O�amorti�ation of thc sum•sccureci by this sccuriiy tu,i�uu�cut b�ar�t:.t�h}' �-CR'w^•T S^3'•'•� �Urrrc�nl'10 Itlll!I'Cti[Of�Oi�OWCI'S�IU.�� _.. - --_
<br />��.�,��: ::�,� ,,� not operatc to i�elcusc the liability of thc original Lurn�wer or Borrowcr's succc�sors in intcrest. l�ndcr shull �wt bc rcquircd to
<br />;'t<���' ��;� conunenee proceedings aga►nst any successar m interc;t ur refuse to extencl time for payment or othenvisc mudify antorpr►tion `
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<br /> '`1�:��i of the sums securecl by this Security In�trument by reason of any demand made by the ori�inal Borr��wer or 8orrower's
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<br /> suceessors in interest. Any forbearance by l.ender in exercising any right or remedy shull nut bc u wuiver of or pn;clude t e ���,:•�
<br /> • �. ',�►'� cxercise olf any right or rcmedy. C�-s! ncrs. Thc covenatrts und agrcements of thiti f�`:'�-'�
<br /> • �'� 12. Succes.s�n nnd Asstgns Bound; Joint aad Sevcr►�I LtubiNty; R . • ���-�--
<br /> . � , .�' �,,;,,.�^::risy IPSIT�!m�ns �I��II hind and bcnefit thc su�essors and ussigns of Lcndcr .uid Eonnwer. aubj�tit w thc prov�s�ons nf ��z�.,.��
<br /> � paragn�pli 17. Borrowcr's covenants and agrcemcnts�halb hc joint un� severai. nny bu�w:YC� �"' �;r1n1.U1lI 4'l)Il Cr111I1'II �a
<br /> � •,..�ic{�'.'� Instrument but does not cxecutc thc Note: (al is co-si'nin' this Securit Instrument only tu murtgage, �, )' �`.
<br /> • . .`�j��;;j' Bonower's imcrest ir the Propeny under thc terms of this Sccurity [nstrument; (b) is nut 4��rsonally obliguted to pay tho+ums .`,'i��'
<br /> �, .s ,. ��'t� secured by this 5ecurity In�trument; xnd(c)aKrecs thut l.ender und any other Horra�ver mar a�rye t��extend, moJify, foi bear or
<br /> i;'�•�;:� ' ' � . mnkc nny nccommoJati�ins with rcgard to thc tcrms of this Sccurity Instrununt or chc Notc with��ut that B��rrowcr's conscnt.
<br /> '°�,:a. : :'. , � 13. Loan Chnr�es.lf the loan heeured by this Securiry Instrument is subject ta a law whieh xets nutximum loan charges, 4�
<br /> '`<;;•�'�''� '' und that law is finally intcrpretcd so thnt the interost or othcr loai chiuQes collected or to he col►c�teJ in connectiun with the
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<br /> - - loan exe�ed the pennitted linuts, then: (u)nny�ucii loan charge shEQl be reduced by the am�unt nceessary tu reduce thc chnrge
<br /> - �.�'�k"-'1�� .. to the p�rmitteci limit: ;md (b)any sums�Ircudy collected from Hi►rru�ver which exceuied pern�itted limits will be refunded to
<br /> =-ii �� ' Borro�vor. l.ender muy clioo,e to mukc this refunJ By reclucing the principal uwect under the Nate or by muking u direct �:f'
<br /> �' " ' payment to Sorrower. If u rel'und reduces principal, the reduction will be treated ss a partial prepayment without nny
<br /> ���y�;�;; ' prcpayment cha�•gc undcr the N��tc.
<br /> `,';�;;;:�_T•:.,�. '� l4.Nuttc�. Any noticc to Horruwer prnvi de d for in t his Scru r i ry G i s t r u m e nt shall be;ivcn N y Jclivering it or by mailing __
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<br /> �,.�-::°+i+ � it by first cluss muil unless applicnble luw rcyuires use of nnoiher methi�d.The notice shall Ne directed t��the Property Address � . •�.
<br /> =,=°z:`�'�F'S_�:_�,• ,� or uny athc:r address Borrower designutes by noticc te� L.enJer. Any notice w I.�;nder shalt be given by first clasx m�il to ��,_��_.�N,,;_�
<br /> v� a��� I.endor's uddress stated hercin or any other address Lendcr dcxibnotes by notice to Borro�vcr. Any notic:e providcd Par in this ��� _— —
<br /> Sccuriry Insuvment shull bc dccmcd to havc becn given to Horrower or[,�:ndcr whcn given as providal in this parugraph, �
<br /> 1S.Goveen�iu� I.i�w; Severubility. Thir Security Instrument shall lx govcnted by federal I,nv snd the lmv��f thc ,.
<br /> `s�,T�r�.;`;'• jurisdiccion in which thr�Property is Incatcd. ln thc event that uny provisinn or clausc of this 5ecurity Inssrument or thc Notc r;:-,y
<br /> "�-� conflicts with applicable law,such enntlict shall not affect uther prov�sions of thiti Suurity Instniment or ti�c Nnte which can be ____
<br /> 1�=���'*�)'+ given eftect without the conflicting prrn�ision.Tn this end dic prmisions of thls Security Tnstrumcm und thc Notc are declarec! ��_
<br /> _-`..'•�-�=r=' to bc sevcrsblc. -- -
<br /> ".�+�p��:.F.`r., 16.13orrower's Copy.qonower shall be given one conformed copy af the Note and of thls Security Insul�ment. _- _
<br /> , ,,:� ,��_, 17,Trnnsfer of the Property or u HeneflcL•d Interest Di Bm•rower.If:,11 or any part of thc Property s�r any intcrest in it _ -- _ �
<br /> ==°��'A�. is sold or tr.insferred(or if u bcucficial interest in Iiarrower is tiold or trunsfcrred und Dorcowcr is ni�t a niuurctl person)without ��'�lA:
<br /> _�-��,�'�%! I.cnder's prior writtcn consent. Lender may, st its uption, i:quirc immcdiutc �U}'t111't1I in full of all sunn sccurul by this _ —`_
<br /> •�'�%°•".'"��''-u���` Sccurity Instrumcnt. Howcver, dii>:option shall not be cxcrcised by Lender if cxercisc is pmhibitcd by faleral luw us of thc datc ;�,,,__ �,
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<br /> .„,,�..�.'�� � •�� OI tI11S Sl'�CUTIIy ItlSI(Uf11C(It. � ':.•�1���, .�.
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<br /> :;<<;.; . t, „ . , If Lcndcr cxcrr.ises this opti�m, L.cndcr shall �;ivc Borrowcr noticc vf acccicrution. Thc noticc xhall providc n period of no! �: .�` ��M,•;x.':
<br /> ;:�,..� : �� Irss thun 30 dnys from thc datc thc noticc is dclivcred or mailcd within whicP� Borruwcr mutit pay all swus sccurcJ by this ;;;;�,��^_,,.,,,.; ,T
<br /> '`�!� � - Security Instrmnen►. If ilc�rro�vcr fails to pay thexc sums priur to thc cxnirati�m oT this periad, Lcndcr may invokc any rcmedics p��,•���.•,{.:..�
<br /> _ . -..t� . �y ' . Y' _.
<br /> '..�,7;� permittt�i hy this Sccurity Instrumcnt without furthcr noticc��r demand on Bormwcr. ,:. ��•�.:.::;_.
<br /> ,�':ti . . -'�, 18, {�rorro�scr's Ri�;l►t to [".cinststtc. If Burruwcr ntcMs certuin ronditions. Bnrrrwcr �hall h.rvc thc right to havc _- .1,,;,, ,
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<br /> ,: �� cnforcemcnt of thiti Sccurity Instrument di+cuntinucd at any time prior tii the carlier ot`. (:�1 S Jays (or tiurh othcr peri��cl a. ., .:.,:.,t..•�",
<br /> .�N� � �� �PPlicablc lu�v may sp�cify for roin.rtateiucntl bcforc tialc uf the Pniperty punuimt tu any pi�wcr of salc rontainecl in thia '•r :,,;�'.:{?f��'' "�,'
<br /> •��. 5ecurity Instntment;ur(b)entry of a judgmcnt rrzf'��xinb this Se�urity Instnjment•Tltuse conditions urc thnt I3urrower: (a)pi�ys . `�. `�
<br /> .',�'. ��F- Ihnder:dl sums which then�vuuld he due under zhis Security Intitrumem anci the Note as if no acccler►tian liad occurred: (b) ; I,,,�;i .
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<br /> ..,,:-..:,, cures un y defnult of un y other ruvcn:+n2s nr abrecments; (c) pays idl expcns�ti incurred in enforcing this Security (n5cniment. •�f � ,t���,,;
<br /> ' �� includin�, but not IimitcJ to, rc��olta�nLe atrorneys' fees; and (dl t;ikes such �ction us Lend�r m3y reasonu b ly rcyuire M assure , ,:
<br /> � - .-=�i_ _ . .. �..., .,__..�._.�__._.�.... t.....1..�•. r�nhte in tho P����nertv und morrower's uV�l.i;�ation to pay the sums secuced by �. <.)-�,
<br /> .�.. � tnat tne ucn u� �ma JRUI�t�' ....,.�.......... ......,._. .... _ --
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