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<br /> :P�Y���+Y m���•�c1he optioo of l.ender.i[mortgage iaweanee rmer�ge(in the amou�aad foi the peeiod
<br /> t6�t l,ender n�quincs)poYided by��o in.wmer npp�aved by te�de�agvn ba�omcs avaitobte ud i�obtiined.Borrpwa s4�11 pay
<br /> drc piemiwn4 requi�ed w m�intain.afatgage ensu�aeeG in effect.oc to provide a loss reserFe.udi!t6e noquirement fae mort�t
<br /> Luuiaoae mds in u�ctirdaace witl�any writteo ag�bawan Boriower andt t.a�deror applipbtelaw:
<br /> �I�pectio�.Lemee or its aga�t any makc�te�trirs upon arW iasp�eaions of the prnpe�[y.Lender stiall,givo
<br /> Bomnvver notice at tAe time of ar prior to an inspatio�s specifying reasanable cause�or tbe inspectinn.
<br /> 1�.Co�da�estieo.'ilte pr0000ds oi say award or ciaim for d�mages„direct or consequmtial. i»cunnection�with a�►y ..
<br /> � . C0�lA1�14D�F d�.talCla�O�SII�Q81L OI t1iC�l[�1CR�,or fnr onnveyanoe in li�of m�emo�tion.ar+e�erdry a�signed`aad .` _
<br /> si�it 6t paid ta i.eflder. • . . • . ' : �
<br /> In the tvatt of�wtat t�lci�rg af the Prnperty,t6e�s6all be applied to the stims secured by ttis Ser�irity Instnim�.
<br /> wl�cthtr or not t6cn due.!with any exoess paid to Bortowec..In tbe e�+ent of a partial taiang of the Property in wAich U�e.fair
<br /> � mutcet vatur of the Pco�ty immediatety beforo,thc tatnng is a�t to ar g�ater tt�n the�unonnc of the sums savrod by this
<br />=_ — Soeuriry Tasuument�itacrxd'r�ely befoie thGtZicing.:qnicss Borrower and L4i�der oti�tcwise agree in writing.thc sums socurodiry
<br />�- i this Se�urity�•Tnstrument si�l1 be reduved b�+�tt�,amouat.of the proceads�Itipliod by the follawing fractioa: (a)t6e tat�l
<br />=�r uno�nt:of tl�c sua�sccured immodi�tety befarc:the tal�ing,divide�i by(b)the fair mulcet value of the Pmpecty,imr�diatety -
<br /> - • bofaro�thr.taicing..!U►y..batar�ce sh3!! be ptid to Bortuwet. Yn tbe event of a paKial taking of ti�e Property in which t6c fair
<br /> = m�r�cK��vatupvF;thh P�aperty imrnediateip before the taldng is less than the amount of the sums secured immedi�tety befove thc --
<br /> tnking,,-a�nl�s:iklp�twa aad i+ender at�ecw�ise agnee in writing er unless a�plicabte taw ot8erwise provides. the procads shall -
<br />�:c:. . 6c applied ta:tita sums secured by this Security[nstrument wT�hcr or not tfie sams are then due.
<br />•�``,° If the Property is abandoned by Borrowu.or if.after,notiue hy.Lender w Bormwer that the co�demmr offers to tnalce an __
<br />� award or sdttc a ctaim for damages. Borrower faits to nspoad to L,ender within 3Q days afla thc date the notice is given, _
<br />_, lrnder is aut6nrized w wlloct aad applg the pract�eds:at its optian.eitlxr to restoration or iep�air of thc Pn�perty nr to the sums� -_
<br />- '` secural by lhis Seruriry InstrumenE.wlkthor or ooE then due.
<br /> ; UNess Lender and Bocruwer aherwisr�agree�n writing. a���application oE:proaoeas to principal shall not eatend or.. – _
<br /> .. postpune the due date of the monthlY payments rcfemed to in parag�aphs[a►id'!or e6auge the amoum of such paymrnts. -------
<br /> ?-"'� • Il.BorrnWer Not Rekased;For6wrance By i.eadec Not a Wai�er E�ian of ehe time for payment or modification �=c.��
<br /> .`- – of emortizat+on of-the s�tns socurod by tDis Savsity Instrument�gr�ntead 6g[.ender to�y succe.swr in uiterrst oi Rorrawer s6atl-: . - - - �'"—_
<br /> ' �..���
<br /> .;;-; �t opetate to rettase the liability of the original Borrower or Borma�'s successors in interest.[.ender shalt not be required tu.- ���_-
<br /> ,�=i, -;�`., � oommeaee praceedings agairist any su�cessor in inte�est or refuse to exte�rd time for payment orotkecwise madify amortization �'���-.
<br /> :� - -�. � af the sums secured 6y this S�xurity Instrument by reason of any demand made 6y the original Barrower or Botrower's .� . ��=�-
<br /> : i��-
<br /> . ' : �' �rcessors in interest.Any farbearance by L.ender in exercising a�r right ar rea�iy shall aot be a waiver of or preclude ti� ;;��;��_
<br /> '`' r ' exercise of any righc or remody. --- -_
<br /> '.:a�;; �-'=' 1Z. Suoc�ors and AssFgns Bouad:�oint and Sereral Liabtlity; Co�sig�s•The coveuants and agreements of this ����:=-
<br /> ..::if'�l; .�,�'.�/�%� 4
<br /> ':,�!�, • Y;,,:�, ; Security Instrument shall bind and benefrt the successors and assigns of Lender ac�Borrower, snbject to the provisians af � !'�-�°'„�==-
<br /> ,; � paragraph 17. Borrower's covenants and agmements s6a11 be joint and seve�al. Ai�y�Borro�xe� who oa-sigas this Security �----
<br /> . �; :• :.;:R';�_..t�_ :
<br /> ' '�-s"` ` Instrument but does not execute the Note:(a)is co-sigaiag this Security Instrnm�:on[y w mortgage.gant and convey that <•,.,a:_:_:;:
<br /> ..- .y r..�:.t`[Z,.s.<:r '� ;:�4-�.:::'-�
<br /> „�;_•,r°��:�;.:. �. Barrowec s interest in the Property under'the terms of thisSecurity Instrument:(b)is not personally obligated to pay the sums -
<br /> I.'j�Yf�L._��':���:la '
<br /> �.-;�;�_._,,:---. . se,eur�d!sy this Security Instrument;and(c)agrees lhat l.ender and any other Borrower may agee to extend.modify.forbear or
<br /> � � .,,_.�. :; _ .
<br /> -,�:.- , make any accommodations witb regard to the cerms of this Security I�strument or the Note without that Borrower s consent.
<br /> ° ° ` �''`�`'� • -- 13.l.a�n Charges.If the laan secured by this Sec�urity lnstrumc�t is subject to a law which sets maaimum loan charges. '
<br />, y � ���""�; ' an�that law is firally interpreteA sa that the interest ar other loan eharges caltected ar to be collected in connection with the ' ��
<br /> r ��-'�.: Iuan exceed the permitted timits.then:(a)any sucb loan charge shall be reduced by the amouat necessary to reduce the charge
<br /> � ":- • � to ihe pertnitted limit:and(b)any sum.c already collecleA fram Barrower which exceeded permitted limits will I1e refunded to '
<br /> :_ . .�=�:,<„ Borrower. Lender may chaose ta makc this refund by reducing the principal owcd under the Nate or by making a direct =
<br /> �*:�`.i-''°`'`:' payment to Borrower. /f a refuad reduc� principal. the reductian will be treated ati a pacti,�t p�epayment wiihoat arsy. �
<br /> .• _ .�._ . , . .
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<br />::;,;, � :�;_. -: �repayment charge under Ihe Note. . � .
<br />;r?;y�� � ;?�'�"�;.;; 14.NMice�.Any notice to Bnrrnwer provided for in this Security Instrument�J�,:il be given by delivering it ar by rnailing
<br />;�����; ��`�;;,T.;'. , i�by first ciass mail unless applicable law requires use afa�other methad. The notice shall be directed to the Pn;�rty Rddress . • . � ,
<br /> ��,� ,., �- : ar any�other address Barrower designates by natice res txnder. Any r.oticc to Lender shall de given by first cfass r7ail r�
<br /> .:::•, . Lertder s address statod herein or any other address Lender.design2te�Er�natice ta Boaowcr. Any nc�tice pravided for ia i�•"s' � .
<br /> . '�r=-�•�.`._:3`.�� Se,curity lnstr�ment shall be decmed to have�wen gi��ect r�8dnower ar Leader when gi�en as pravided in this paragraph.
<br /> ''�"�``'�"��"'�" � 1S.Governing l.aw: 5tverability. '{�is Secu►it� Instniment �hall hc go�ecicd by federal law and t�:e law ofthe �
<br /> iC�t'�:�:�9<�c::
<br /> :,.
<br /> --•�".`= * �isQietioa in which the Praperty is loeaav�_ ln the t�er€t�iat any��ovision or s!��.se ot'this Security lnstram�r or the Note
<br /> . � wnfliMs.witft applicable law.such canflia�.G.�Sf not affect other proc�z�oiss of this 5�;:.srity Inttturaer.t ar thc:�a;e which ran be
<br /> • • = �`�:� given effect without the conflicting pro�isic::, To th"ss end the pro�i4:ons of thic 5�:�^ty Instrum.�.t and thc tiote are declared �
<br /> . � 'to be severable. . ' ,
<br /> . . ��i�%s•:.: -� � 16.Bonowtr'sCopy.Burn�wer�hall be given o:h;cronfnrmed copy af thc ti4�te:�d of this Sccurity in.stnmier�t. ��� ;
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