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<br /> a incnth i�iay uu lun�;cr Uc rci�uir2d. ut�hc updu�i nf l.cndcr. if mnrt�a�c insuruncvco hi��b'di'gh�►incd�tA��•ow�tih:ril�l p►y '
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<br /> that f..cndc�r rcquiresl ptuvidc�l hy nn im,tncr up{�r��v�d by l.�ndu +il,�uil NCCnInCy tt w, i.�
<br /> thc premii��t::rcqul�rd ta main�ntin nmrtgn�,c Intiurnnci in cflcct,ar tu provide u luss r«crvc, until thc reyuircmcnt for mu�tE,uc;� -
<br /> insuruncc cn�ls in nca�rQciiicc witl�;+ny writtci�ngrccmcnt hciwccn D��rrnwcr und l.cnacr ur applicnhlc lu�v. �it�
<br /> 9. Ins�x.�cttun. l.ender or its uyeizt m�ry u►uhn i-ca�onablc cntrie.upun uiid inspcctlom:nf ihc I'r��perty. Len�ier shull
<br /> Borrowcr noticc nt 1hc Ihne of or priur to nn ins}xctian speril'ying rciisonnblc cau�c fue tlic inspcctiun.
<br /> 10. Cundcmuntton, 'fhc pr�c:.eds of�uiy +iwia�d ue• cinim for damages, dircct or cunscqucntinl. fn cunncction with uny
<br /> candcmnatiun��r�tbcr tnking of imy pun uf tlir Prup�ity.ur for cc�nvcyancr in licu ��f rondcmnution. arc hcrcby ussi�ncd und
<br /> shall bc�nid to Lcndcr,
<br /> !n the event of u totFd taking��f thc Property.the procccds shiill ne npplicd to thc sunn secured by this Security Instrumcnt,
<br /> whethcr Wr not thcn duc. with nny cxcess pnid tn Burrowcr. In tiic cvent af u particil taking of thc Prapc�ly in which tha fnir
<br /> markct v.duc af the Property immcdi�tcly bcforc the U�king is cqui+l tu or hrc��ter than the umount of the.sums secured by this
<br /> 5ecurity Instrumen¢immcdiutcly befoTe thc taking,unless Dorrower imd Lcndcr otherwisc ugrec in writing, the sums securr.d by
<br /> this Security lnstrument sl�all be reducGCi by the amount af the praceeds multipliai by ihe f�llo�ving frnction: (n) tha tot.�l
<br /> amount of the sums sccurcd inunediutcly befurc the tnking, dividect by (b) the fntr markct vulue of the Property immodintaly
<br /> before the taking. Any balunce shal[ be paid to Borrower. In the event of a pnrtial tukin�; of the Praperty in �vhlch tha frdr
<br /> market vnlue of tBc Property in�mcdiately bcfarc the Inking is less thai the umount af tl�e sums securcd immvdlntaly�efora tha
<br /> takii�g, unless Borru�vcr and Lender otlierwise ugree in�vriting or unlcss applicable lpw otherwise pr�vidcs, tha pmcecds shaU.
<br /> be upplicd to the sums secureci by tl�is Security lnstrument whether�r not the sucns 1�e then due.
<br /> If the Property is nbandoned by Borrower, ar if,nfter noticc by Lender to Dorrower th�.t th�condemnar offens ta makc:an
<br /> uward or settle a claim for dumnges, 8orrow�r fails to respond ta Lender wit6iu 3Q days aftar ths d�te th�IlOt1C� 15�I�GII,
<br /> l.ender is authorized to collect and apply the proceeds,iit its optian,either to restoration or rep�ir of the Pruperey or to the sums
<br /> secured by this Sccurity Instrument,whether or not thcn due.
<br /> Unlcss Lender nnd Borrower otherwisc 1grc� in wricin�, a�y �Pp��catian of pracceds to prin�ipal slir.11 nat extend or
<br /> aosipoze thc due date of!he momi�ly payments rcfcrred to in p9riLs,�nPhs 1 and 2 or ctiae��o tha amaunt of such pa}�rri:nls.
<br /> 11.Borrower Not Refeasecl;Farbearence By Lendcr Nn4��W�iver.Extenstan af the time tc�r payinYnt or•mu,?it�oation
<br /> of amorti�ation�f thc sums secured by this Security instrument�runted by I.ender ta any surxssor in intnz�.St oF Borru�ver shnll
<br /> not operate nn rclease the liability of the original aorrower or Bonower's surr.esson;in interest. i.t+ncl�;r sh?.11�rtot bc rcquircd to
<br /> comniena procecdings against uny successor in interest�r refuse to extend tin�e for payment ar ott��rs�s�mtxlify umortization
<br /> of tite sunts Secure� by this Security �nstnement by rrason of any demand made by th� ori�invl�Borm+ver or l3orrower's
<br /> G«ecec:nr� in interest. Any forbearance by Lender in sxercising any right or remedy shall.not be u wa9ver of or pt�elude tho
<br /> exercise of miy ri�Iit.or remedy.
<br /> 12, Succesxors aa�d Assfgns Bound; 3ufat nnd Severnl Liabflity; Co-signers. The covenants as�d agree�nents of this
<br /> Security In:,trument shall bind and benefit tlte successors and assi@ns of Lender and Borro�ver, subJect ao ihe provisions of
<br /> paragraph l7. &�rr�wer's covena�its And a�e�eements shall be.joint and several. Aay Aorrowe� wi�a•co-signs thia Securiry
<br /> Instrument but docs not execu[�the Note: (t►) fs co-signin�; t9iis Security Instrument only to mortgagc, grant and cofivey that
<br /> Borrowcr's interest in the Property undWr the terms uf th3s Security Instrurnent:(b)is not personally obligated to pay tlio sums
<br /> secured b,y this Security Instrument;and(c)ag;rees that Lender and any other Borrower may ngree to extend, modify,forbear or
<br /> �nalce any accommodations with regard to the tern�s of this Security Instrument or d►e Nute without that Borrower's consent.
<br /> }.3, I,onn Charges.If the loan wecured by thie Security Instrument is subject to o luw which sets rnuximum loan charge�g.
<br /> nnd titut 1aw is finnllY int�rpreted so that the interest or other loan charQes collected or ta be collected in�connection with the
<br /> loa�i exceed the pormitted limits,then: (a)e��y 6uch loan charge shall bc rcduced by the amount necessary to re,cluce the chsuge
<br /> to thc permttted limit; and(b)any sums�Ircudy�collectcd from Borrower which excceded perittittcd limite will bc rcfunded tu
<br /> Bonower. Lender may chooso to mahe this refund by reduc.ing the princlpnl owed under the Notn or by muking u diroct
<br /> payment to Borrower. If a refund reduces principal, the raluction will be trer,ted as a purtial prr�ayment without any
<br /> prepayment chaxge under the Nota.
<br /> 14.NotkYS.Any notice to}3onower provided tor in�his Securi[y Insaument shpil He�iven by dolivering it or:by mailing
<br /> iC by first class mail un7ess appltcable law requirss use of anothcr method. Tlie notice shnl]be dircctcd ao the Pro�rty Address
<br /> ar ar�y ut�her address Borrower designates by notice to [.ender. Any notice to Lander shnll be given by first class mt►�1 ta
<br /> Lendcr's address stated hercin or any other addniss Lender designates by noticc to Buermwer. Any nodcc provided for in this
<br /> Security[nstrument shall be deemed to have becn�iver+to Borrower or IPnder when given as provided in this paragraph.
<br /> 15.Governing Luw; Severability. This Security I�istrument shall be governecl by federal law and the law of the
<br /> . jurisdiction in wl�ich the Property is locatai. in the svent that any provisian or clnuse of this 5ecur+ty Instrument or the Note
<br /> couflicts with applica'�de law,such cnnflict sti�ll not uffect othcr grovisions of this Security Instrumont ox the Notc whicli c1n be
<br /> giWen effect withuut 1�e conflicting proviston.To this end the provisions of this Security Instrument flnd tlie Note are declared
<br /> to be severable.
<br /> 16.Borrawer's CopY•Horrower shall be given onc confonnul eopy of the Note and af this SecuriYyInstrument.
<br /> Form 3020 8!@U
<br /> Pogo 4 OI O
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