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<br /> payments may no toc�ger be cequired.cet the aption of Lender.if rrtnrtgaga insurnnce covc�a�e(in e s�mavTi3 ant!far tbe p�riad �_
<br /> ci�t Ixnder reqnE�)provided 6y un insurer agproved by Lender�ain 6e.aomes avaitable rind is obiaiac�d. Bormwer shall p�y =__
<br /> th�Premiun,s requis�ed w araintuin mortgage insu�uace ia effect,or tu�rovide n lass n..serve.until the requiremenf for cnortgage �_.
<br />. insura�e e.ntts in accordaase with eny�.w'lsten ageesucnt between Borrower and LenQ�r or applicable iu�v.
<br /> 9.Lts�etitor�.Len;ier or its ag2as may make reasnnable envies ugnn nnd Ins�ecrions of thr Property. Lender shall giva _
<br /> , Sosmwer notice at th�time of or prior to an ins�eCZion spec'sffying reasonable cattse far the i�..apaction. °_.
<br /> � t0. CaademnaHoa.'LRze praceeds nf any a�vard or claim fnr dumages.direct or oo�sequendal, in cennection witE�any � .
<br />�� c,ondemnation or oiher taicirtg of any p�rt of the Praperty.or for conveyanse in lieu of oondemnation,are heteby assign�ar� �,.�.,.
<br /> shcill be paid w Leftder. ��•:�
<br /> tn the event of a rotal tapdng of the Property.the pmceecis shall be agptied to the swns secured by this Securiry Insmiment,
<br /> whether or not ttte�due, with any exc�s paid to Bomower. Jn the event of a partiai takir►g of the Property w which the fair t�:
<br /> ,' ` m3rket value of the Property immzdiatety before the teking js equal to or greater than the amount of the sua�s ser�u,ed by this ---.-
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<br /> Sec�iry Insb�ument immsdiateIy before the talcing,unless Barrower and Gersier otheru�rise agee in wridng,the sums seeured by s F.
<br /> ;I ti�is Securiry Iastr�ent s6all be reduc�d by the amaunt of the praceeds muItiplied tny the foUowing 5acttan: (a)the tota! �:
<br /> ;r�� amouat of the eums sccured immrtiaieiy 6e1`ore the taT�ing.divided by(b)the fair mazket value of the Praperty immediat�ly --
<br /> before the Tai�ing. Aay 6a!ance�aq he paid to Bocro�ver. In the event of a partial tatdn$of t6e Progerty in�vivah the fnir
<br />`=s�'� n�arket v�lae af th�Ptopeaty iinm�diateIy before tIis takiag is tess than the amount of the snms s�cured immediutely 6afare the
<br /> ta�ing,unless 8orracver and I.snder otherwise agree in avritfng or ualess appliaable law oti�erarIse Frovides. tke groc�shali -�`��
<br /> . , i�a�pIi�W tfle svms sc�cuco�by tliis SecurIty Inssrum�t whether or ant the swns arc then due. . " •
<br /> . If the P'tv�trty is absscaaed by Borrower,or if,afier notice by Lender to Be:rower tg�at ths condemm�c�ers ta mz��a , ��#�:._
<br /> ,' award.or sc�tiE�a ciaim for damzges, Borr�wer fails to respond ue II.eader within 3Q days afier tfs�date the notice�S�m�, . "�,
<br /> ����<� i,ender is a��rized to collert and apply the proceeds,at its aptiani.�nher w reswration or regair�f the Property or to tae s�uns
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<br /> ..•� secured by t6ia Secusiry Instmment,wt�ether or not then due. ':':'<-
<br /> Untess YRnder and Borrotver othenuiss agrce isn writin&, anY aFP�icaiion of pr�oceeds to principa! s`btr'S!,not exteud or �Y'•'':
<br />`},r� . yostpone the due date of the mondily payments re€e�ced to in pamgraphs 1 and 2 or change the amonnt o�n:.:b�payments.
<br /> = 11.Eonvwer Not Iteie�ed;FogDearancc By l�nder Not a Wafver.F.�tension of the tinae for pay�znt or modificatioa
<br /> of au�ortization of the sums secured by t�is Seca�rlry Iasuument grareted by Leader to any sucoessar in inteiest of Bormwer shall --
<br /> : not oper�te to reie�se the liabiliry of the origina!Boaqaver or Bom�wer's successois in iuterest. Lender s�;�.ot be reqaireb to �
<br /> co�euce PYace�l:in8s��st anyr saccessor iu inier�sx or refase ta extend time far pa3rment or ot�eiwi�e m�ad3fy ainor�isauan �,•. .:_.
<br /> , af d:e soms se��3 4�+J`4his�&eeurity tnstrument iry;:i�eason of any deman,� ca�de•by the or3gifla! ��ec o#Boaawer's ;�?.=„
<br /> saccessors i�'i`nfi7a�:AnY€arbearance by Leeder m esercising any right or remedy sball na�S�e a Ra���:a�at�Preclu�3:she �
<br />"`'`-,�- exereise af riitp�rigl�t or rem�dy. . �.':. � , '.: ' �:-
<br /> =��' 12.Saccesso�und�4ssigas Bound:Joint and.&vern!I�abllttq3 Co�sign�. The ccn"tenants an3 agreements of this �r.
<br />. � Sec�uiry Instru�:.n;shaDl bin�i and benefit the surce�nra an�asaigis of Lender and Borrower,subject to�e pmvisions of r�• ,
<br /> � paeag�aph t7. Borrower's cavenurts an3 agreem�n�s.��dl b8 jaint and several:.Any Borrower cvho cc�-.���is this Ser,uriry . ---
<br /> Insuvmeat but dazs aot execut0 tho Nqt�:�a)is casignng this Se.,^urity Instrument onty ta�prtgage.�i•a�a con�ey inas _
<br /> . Boaower's int�rest in the Property an�ut,¢ha tenns of this Security Insttument.(b)is not pers�zia�y obligat�to pay the sums `�"
<br /> secur�cd 6y this Secvrity��nt;ard(c)agrers the�I.ender awd aay other Borrower may s�rL"�.�q'extend,modify,fotUear or �
<br />;., .:• �al�e any accflrnmodatiars with cegar�to the teem�af.th�s 3c�urity Insuumen;ar tha Note wItlxo�t that�or��r's cansent.
<br /> ,. . 13.lan�►n.C�nsg�.I�the 1��se�cvr�d by chis 'Sr�rit3�•,tnamimeat is subje�t sa�e Iaw which seta���11oan charges. ` '+ ,
<br /> and that iA�v is fitaally interpreted so tbat the interest or othar loun charges collected or'to 6e collected in c�^.�tt�ian wir�h the •� "�` `
<br />`•`'�. toan exoeed tha tted limiis.then: (a)ar►y such loan chargu sS�ll�reduoed by the amo�tr.�necessary to rectacc ti�s,v�rt�;a • —_--
<br /> � to tha pennitted timi�b and(b)a�►Y sums aIready collecsed from Bannwer.whicb exceeded gerffiitt�limits��11 be refuni�!ztl�to ��:
<br /> � Bormwer. l.ender may choose to�make this teft;n��ay, reducing the principal owed under thy N+vu or �.�king a dir�.ct �
<br /> FaYi".sent to Borcawer. If a retlmd m,�'�scr�s priar3A�'!;. the reduction wiU be ueated as a partial pre�a,'r�t witho�at ar�y __—
<br /> ' prepaymenc charge under the Note. ;. , . .�` , � .
<br /> • 14.Notices: Any notica to Bonocv�e psovided for ia this Securlty Instrument shall be giv�ra,4y delivesing it or by utailing
<br /> � it by first cisiss mail unless applicable law iequires�us�of ar►other metUod.T�e nottce sball b��i'uected to the Ymperty A�.r3ress
<br /> or any.other add�ss Boaower designates by noYits�izo L�aaalcr. Any notice to Lende�shall 6e give�tiy frtst ctass cs�u to —
<br /> � Lender's oddress sta�ed Aere9n or any other�addrasr:•Y�ncl�tr,da�ignates by notice tQ Bonower. Any notioe ptovided foz.�°�i�s's& .
<br /> 'SecArity�instium:ri�c}�1•l�.deemed to have been gi'ven to Bortvwcr or Lendes whea given as provide�in this paragcap�. ��:•::. � � �
<br /> . 15.(;�r+��nntn$Law; Sevezabllity. This Sec�uity Inst�+MS^t shall be gaverned by federal law and the la� r9i tt�►�`.� _
<br /> . jurisdx�tiQti}d�which th9 propeny is In�t�.In the event that any provision or clause of this Saurity Instnunent or tY�.�fSte
<br /> wnSlfeis with applic�b2e�Sw,suci�confllet shall not affeCt other provisions of this Security Instrwne�at ar t�e Note which can be
<br /> �. given effect without the confltcting prov�sicm.Tu tttia end the provisions of this Security Instrument and the Noce are declared �
<br /> � � co be sevcrab:e.
<br /> � 16.Bormwer's Copy.Borrower shall�6e given one conformed cogy of the Note an8 oS thi.s Securiry Instrument. �, -
<br /> � . Fatn 302s 9180
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