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<br /> � � pAymentR rtwy no longcr h.c rcyuinxl.A1�hc aptiun ai'l.cndcr,if mc�ngpgc in�u�unrc c�wcrugr I�n Ihc umnum und fi�r thc periixl � .,
<br /> � . n �� .. thut l.ender reyuiresl pruvidcd hy un in.rumr uppra�•cd hy IxnJcr Lgain Ixronu� uvuUaMr und ��uhtuincd. I�+r�uwcr tihall pay ��_�
<br /> �1 ,�-•���.- :r_
<br /> � " the premiums rcquirnl�o n�a+main nu�nguKe in�u�uncc in eficct,�K to proviJc u In.�rrxrve,unul�hr rcyuiremcn� li►r iunhgu�e _ ,. .___,-�-�:=_—
<br /> ������;:
<br /> insurance cnJs in Lcrordanre wilh uny writtcn ugreen�cnt txtwccn H��rrawrr und I.riulrr or uppGruhle luw. � �., , ' -!�r.�
<br /> 9. ltutpecllon. I.cndcr or itx ugcm n�ay makc rcuwmuMlc entri�w u�m and inw�kcu�m���� �hr Pru�xny. t.�Mirr�hull givc r . . .�_-'�
<br /> Borrowcr noticc ut thc time��f or prf��r�o un insEwc�wn�p�ri(ying rcu.�►nublc cuu,r f��r�hr ui,�+.�uun i . -r
<br /> , 10. Condemnntlon. Thc pr�xccd� ��f uny uwurJ ur claim fur Jumugcti. Jirrci �►r cunxyuential, �n r�mnr�tinn wuh uny �.
<br /> rnndemnatinn m a�her taking uf any pu�t of Ihe pm{xr1y. ur ior convcyunrc in liru�►t rundemnuuun. urc hercby asxi�tncd und E , . ;�..g�."_
<br /> s ' shull bc paid�o l.endcr. '` ,
<br /> E • _,_
<br /> , In the eveni�»a tot�l tuking ui'the Property.Ihe prur��dti,hull Ix upplicJ Iu Ihe +wm.crund by�bi�krurity In�trument, � _
<br />, whether or not then due. with uny exceti, puid ti�B�►rc�►wer. In Ihr even� ul'u purtiul �uking ul�h� Pnqxny in which thc fair ,
<br /> market value of Ihe P�o�ny imnwJiately befurc�he tuking i+cyual tu�x grea�er thun�he amuum ul thc�un►x Kcur¢J hy this � •
<br /> Security Instrument immediutcly befi�re thc taking,unle,�Borrower and l.cnder��thenviK agrec in writing,the�un��xcurcJ hy
<br /> ' this Securily Instrument shall he reduced by the umuunt ot the proceeJs multipli�Kl hy th� fuUuwing frur�ion: (ul the ���lal , -
<br /> amount of the sums u.�cured imm�aliotely hefare the taking, divida.'d by (b) the fair m�rket vulue al'�hr Property inwk�Jiutcly _
<br /> before the tuking. Any bulunre shall hc paid tu Borrowcr. In �he event of u p�niul tuking uf thc Pr��{xny in which thc fair �
<br /> • nwrket value oi�hc Pmpeny immeciiately befurc:thc�aking is Icss thnn Ihe umount of�he �um.ururrJ imm�Kliutely lxefi�re the �
<br /> taking,unless Bc�rmwer and Lender�therwiu:ugree in writing or unless applicable luw utherwiK pruvidec, the pnxeeds shell
<br /> be applied to the sums secur�;d by thia Security Instrument whether��r n�n tFie sums Arc then due.
<br /> „ If the Prapeny is abandoncd by&►rrowcr,or if,aftcr notice by l.cn,ler to Bormwcr thut the ri►nde�nnor offers t�►mukc an ,�.
<br /> award or setde a clnim fur damageti, Horrnwc� fails to respond to l.endcr within 30 dvys aflcr thr dutc thc nntice iti given, . :"'''+'_
<br /> Lender is authorixed w rnllect and apply the pniceeds,at its option,either to restaru�iun or repair of Ihe Propeny or to the sums ;
<br /> secured by thix Securiry Instrument, whether or nat then due. ;�
<br /> Unless Lender and Bo�r��wcr othrrwi.r•c Ugree in writing, any applicotian of pnxceJx to prinripal shall nnt cxtcnd or ' �
<br /> postponc the Jue dAtc nf the monthl s menta reicrrcd to in ara ru hs I and 2 or chan c the umount uf such a ments. . , �•�F�
<br /> Y P"Y p 8 P � P Y v.-
<br /> �� 11. Borrower Not Released;Forbea�nce By Lender Not�WAiver.Exten.iun of thc timc li►r pyyment or rm�ditication ; �` '
<br /> oi amortiuuion of'the sums x:cured by this Scrurity Instrument gr�n�ed by Lender to uny succesuir in interest uf&�rrower shall .--__�~
<br /> , not operate to rclease thc liability of thc original Burrower or Borruwer'ti succes.r-on in int�rest. L�:ndcr shull nw be required ta � �"
<br /> commencc proceedings ugainst any succcsso�in interes�i►r rcfuxe tn extend timc for puymcnt ur otherwisc modify amoniwtion
<br /> � of thc sums securcd by this Security Instrument by rcuu�n af uny demand maJe by thc originul &m��wcr or &�rcower's i �.►•^
<br /> successors in intercst. Any fixbeuranrc by Lcndcr in cxcrcixing any right or rcmedy shall nw t►e a waivcr of or preclude the E + ��
<br /> __ _ __ _ -_ exercise of any right or remedy. _ •_
<br /> 12. Succes.�rs and Asvigns Bound; Joint s�nd SeverAl l.iAbillty; Co-signer.c. The covenumti und agreemenls of this � y
<br /> Securi�y Instrumeot shall bind und bencfit thc �uc�esxurs und assign� of Lcnder anJ&irruwer, subjcrt to the provisionx of �' '.
<br /> parag�aph 17. Borrower's covenants and agreement+ shall bc joint nnd severul. Any Burn�wer who cu-signs this Security �
<br /> Instrument but daes not exuute thc Natc: (al ��co-signing this Security Inttrumem anly �o mongage, grrnt and ronvey that '^!�'
<br /> � &►nower'�intcrest in the Propeny under the terni� of this Sccurity Instrunxnt: Ibl i+n��� pertionully obligated to puy the sums °`•�.
<br /> � securod by this S�tiurity Instrumen�; vnJ Icl agrees thot L.ender and any��ther&irrowcr may ugree to extend, modify,forbear or �x ��
<br /> � make any accamm�xlutions with regarJ lu the tcrms of thi.Sccurity Intitrunxnt ur thc Nutc without that &�rrower's cun,ent. � .
<br /> � 13. I.oan Char}�cg. If thr laan serured by�his Security Inxt�vment i,suhj�rt tu u luw which sets maximum loan churges, ,�
<br /> � . � and that law is finally interpraed so thut the interr�t or uther loun rhargex roUrct�wl or to be cullected in connection with the • •��,• ' _
<br /> ' � loan cxcced thc pennitted limits, thcn: lal uny wch lovn rhargc shall tk reJurcJ by the amnunt necessury w rcducc thc charge : .,
<br /> to the perniitted limit:nnd Ibl an�• sum.ulrcady ci�ll�ctrd frum Bnrcower which cxr�cJcd pemiitted limits will be refundeci to
<br /> � &�rrowcr. Lcnd�r may ch�xisc to makc Ihi. rcl'und by rcJucing �h� principal ow�d undcr thc Notc or by making a dire�t � `
<br /> I payment to Borrower. If p rcfund reduc�s prinripal, thr redurtiun will t►e treat��l �ti u partiu) prepayment without any , :
<br /> prepayment chorge undcr the Note.
<br /> I14.Notices.Any noticc lo&irrowrr pnwiJcd t��r in this Sc�urity In,trumcnt,hull h�given My dclivering it or by muiling
<br /> I it by fir�l class mail unless nppliruhlc law rcyuirc+ u.r ot'anuther methixl. Thc noiirc+hall he direrted to the Pruperty Address
<br /> or uny othcr address Bonuwcr Jcsign.�tc+ by nuticc ti� Lendcr. Any nuticc t�i L.cnJcr ,hall i+c givcn by first class mail to
<br /> I Lender's aJdres�titateJ hercin or any u�hrr•rddre..Lcnder dc+iFnatc, hy nutirr t�� Burc�iacr. Any notice priwided for in this :
<br /> Security Ins�rument zhall lu dccnud�o havc hcen�;ivc�i to&im►wcr or Lrndcr whcn given uti providc�l in this pAragraph.
<br /> � I5. Governin� Law; SeverAhilitv. Thi, Sccurity In.r�rumrnt ehall Ik �o��cracJ hy tcdcrul luw atK1 the law ��f the
<br /> � jurisJiction in which the Property is lix•rteJ. In thc ev�nt thut an�pruvi�ion or rlau,c uf Ihi� Scrurity Instrument or the Note
<br /> .�; . rnnflictx with applirs�ble law, �urh runflirt�hall n�n afTCrt uther pruvi�ium uf th�+S�curil}• In,trument ur the Notc which can be
<br /> �� givcn effcct wi�hout �hc r�mflirtin� pravi�i�m. To this cnJ th�priwitiium at thi�Sccurity In,trumcnt�nd the Notc are declared ,
<br /> . lo be sevcrahlc.
<br /> 16.Borrower's Copy. Bunow�r+hall hr���•rn unr ionfum��J rap)•u(thr �v�nc and ut thi+Scrurity ln�trumrnt.
<br /> . fonn 3D2� fH0
<br /> v.y.�.,�e '
<br /> • MC-3019-NE/4
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