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<br /> ` Prymeats m�r m lo�o�ec be ieqiaita�.�t t6e option oi'i.e�de�if moetp�c inw�aooe�reraae tinthe an�nunt�ad for the periad
<br /> . �It I.ardee se�iRS)Prm'ided by a►iosnrer�pprovcd�y i.ender�gain baomes�avaih6k aed istib�inat.Ba�mwer shdl pay . .
<br /> - � tl�e pmoimoa roquteed ta maiohiA moct�e iosuraecr�a effect,`oc to provide a loss nservc.until the requin�nent for tnottp�c
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<br /> �mutaoct y� rrowcr ' �aw. , -, -�
<br /> !LMpe�tio�.t.eadec or its tgent msy matrc�easonable entt�es apon and inspections of the Property:Lender sl�I!give � �
<br /> Borrowes aotice�t the time of or ptior to,an ins�pection spocifying.�eason�bie cause far the insp��ction.' '
<br /> I�. C�3e�ptlo�.T6r proceeds of any awud or ci�im for dam�ges.dirca or coasoquenci�i, in cannoction with a�r ,
<br /> c�ondanoatiou or otfxr taYiag of aay put.aif the Ptoperty.or for aonveyance in lieu of oondemnation.ue isenby acsigned aad ,
<br /> �11 be p�id to I.ender: ' � _ . - °
<br /> In the event of a ta�taking of the Propc�tyr.the p�ooeods shall tie appliad w the smns spcpied by this Socuriry Instiument,
<br /> , wLether or aot t6a�dQe.with any exoas paid to Bormwer.Ta the event of a putial taicing of the Property in wLic6 the tair
<br /> , a�rYet value of d�e P�operty irnmediatr.ly befoee tAe taicing is oqual w or greatu tluu tl�e auwunt of tlu sumc sewred by thts
<br /> _ - � � Sacurity Iastnmxat immediately befo�the taloag.antess Borrower wd I�ender otlierwise�x in v�dting.the sums se�cnced by
<br /> 8�is Senir�ty Iast�ameat stntl be nduoed 6y the amount of the pcocads mult�plitd by the folloa�ing fiaction: (a) tbe taaT
<br /> amount of the suqts saurnd inunediatdy 6efore th�taking,dividal by(b)th�fair maricet va�ue of the Pmperty immediatdy
<br /> ' 6efane tbe t�icing.Aay baTaax sh�IZ bc paid w Bormwer. In tbe tvent of a p,actiat relcing of the Pcoperty Ia wtuch'the fair
<br /> - m�rlcec vaine of tbc Prope�ty immediately befo�tbe ta'1'uag is tess d�au d�e amonm of tl�e sams saa�md immediately hefore d�e ""
<br />' taYinB,aak�ss Bomawer aad I.ender atherwise agca in writiag or anless applipbla law ad�erwise pmvides,the proceods`sb�l1
<br /> ,, lie�ppl�a to tlse aun�soc�uad by rhis socu,;cy rnshnmmc w1�er or aot the s�ms are tfiea ane. - - =—
<br /> If tbe Propeny is abandoxd by Borrower,or if.after noaoe by Leader to Hotrowei that the oond�nor ot�'ers to tmice an - - —W__
<br /> _ sMUd or settte a claim for darnag�s, Bo�mwer fails to�espoad w I,eader withia 30 days after tbe d�te the mtice is givean. -_-----
<br /> �' ;�.�.,. . Leader i�authorizod to colled aad apply the proceeds.at its option,either to nsiordtion or npair of the Pnoperty or ta tlie sums; -�--�-'=
<br /> `"`� aa;nred by this Sa�rity Inmument;whetber or nat then dne. �6:+�:�:,`:
<br /> ���°-
<br /> ' UWess Lender aod Bomawe�otLerwise agra in writiag, any applic�tion of ptovoeds to princip�l shail not extead or � - --
<br />� , �L` � postpone tbe due date of tbe moathIx WYmeuts refercod to irr i aad 2 or chla e the amount of sucb ts. �°•"_'�"-_
<br /> WT�S� 8 PaY� .�=:��=.°_-
<br /> �' 1f.Bocro�vec Not Sdwed;For6ear�ce By Lender Not a Watva:Extension of the tiaie for payment or aadifiqqun �
<br /> . -� ... �- .
<br /> `' ' =:` ` , of amorti�tion of the'�s secnred by tl�iis Security Iastrument granted by Ixnder to anp successor in interest of Borrower shall , ' ____
<br /> . .,'��< <v ' nat aperata to rel��.se the�iability of the origiaal Borrower or Bormwer's sacaessors in i�.�l�endcr shaU nat be ieqoired to [ ':
<br /> . �mrno�pnooeedings�au any successor in iaterest or refuse to extend time for payaient or othe�wise modify amortizanon ` .°•�=
<br /> � .:,`�::;;��,�'';�',�"�' ,��--`..
<br /> ';;�`T'"�";';`;.''-, � of tlte siuns secured 6y this Secvrity Jnstnrment lsy reason of aay demand made by-the original8orrower or Borrower's ,. ; .
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<br /> �°�r,_;-.�.: ��:,; successars in inte�st.Any forbea�ance by L�ender in exercising any right or remedy shall not be a aaiver af or pnctude tde >,�- ��:�i:;�:„
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<br /> � ,� eaerrise of anY rigbt remedy. ; �_;:
<br /> . � � �:�;f�.-,�":.``� • Q�T � - - .;`,`i: -
<br /> • . ���°�,�''�f�•`.-;;1`'' lt. Sao�e�tats aad A�Boued:JoiaE and SeFUa{ LiaWllty;Co�si�nas. The coveoants a�d agrcemeais of thfis - �°.'.';��;;�.�� ;
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<br /> �� ���'`�'�:�1 - Socurity instrument shall bind and benefit the successors a�d assigns of Lender aad Borrower. sabfect to the pro1-ns:ons of '' . °s;+;;,i -y
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<br /> ,�. ;�%'-�;r�j.`,'�_:`;;;,�; � puagrapij 17. Eorrower's covenants and agreements shalf be joint a�x1 several. Aay Bor�nvver wta casigas tbis Securiry ' •- �.
<br /> ` f lnstmment but dces not execute thc Note: (a)is co-si in this Securl Insuument onl to mort t and conv tf�at � ;«T
<br /> ' ::..i'..,:• . Sn S tY Y S�•8� �Y . � . .
<br /> , '�� ' , �. .• Bomnwer's interat in the Property under the terms of this Security Instrument;(b)is aot personait}o6�gated to pay the s�ss � , • �-..
<br /> ' secured fsy this Security Instrament;and(c)agrees that Lender and any ather Hor�ow�vec may agree ta ers�d,madify,forbear ar �' .
<br /> . . � m�Ice az►}r accomnadations with regard to the terms of this Security lastrument or the N�;.withaut that Borrower's consent. ' � • �. i
<br /> � ,. � � 13.Loan Clwrgeg.lf the loan secured by this Security Instrumeat is subject to a Yaw which sets rt�aximum loan charges. . � ' . .r�
<br /> ' 'f'._ :• , ; . and that taw is finally interpreted so that the interest or other loan charges collected or to be coltected in connection with the � -
<br /> : � � ..` ��,. .� . toan exceed rhe permiaed ljmi�s, then:{a)a�cy suefi toan charge shap be redaced by the amount necessary to reduce the chaige , . �:9.-�R�
<br /> ,, to the permitted limit;and(b)any sums alreadY cwllected from Bormwer�vhi��eacceeded permitted limits arill be rcfunded to ' ',
<br /> _ _-, , . Borrower, l.ender may chaose to make this refund by reducing the prinsipal owed under the Note or by malang a dirax � --..-..-
<br /> • ' •payment to Bonower. If a refund reduces principal, the reductian wi11 be tseated as a �artial.prepayment without aay j �
<br /> � .. � prepayment charga under the Note. • � •. .I , � �
<br /> `" • 14.Notices.As►c s�atice to Borrawer rovided far in thls Securit Insttument shall be �ven b deliverin u or mailin ' � , , ��
<br /> . P Y 8 Y 8� hY 8 :;1,.::
<br /> t`"` : ' _ it by first ctass mail untess applicabte law msquires use of another methad.The notice shatl be directeA to the Property Address � . � .:r>��'.�
<br /> ��:-.-'.'_° or aey other addre�Borrower �es:gnates by noticc to Isnder. Any notice to Leader shall be given by first ctass mail to � :`;`�' . ,� -_'•;"x;�
<br /> � ' Lender's address stated herein ar any other address l.ender designates by notice to Borrowcr. Any notico provlded for ln thls , ��,'r�', ° ''�`"
<br /> _ � ';r �. -
<br /> _ •- - ' � Socuiity Instrument ahall bc dcemed to havc bcen given to Bonower or Lender when given as provided in ihis paragr�pb. �� , '��� �
<br /> ' _ l5. Govtrning Law; Sevesa6Uity. This Sccurity lnstrument shall be governed by Peder...i fizw and thc law of the � :. • �
<br /> ; �� �• � . jurisdiction in which the Property is located. Ica the event thaz any provision or clause of zi�is�,v.rr:�: L�strument.ei the Note ; •'�''
<br /> -. . . '„r.��.... '. .
<br />' � • conflicts wlth applicable law,sucb oonflict shall not affect athee provisions of this Secan:c� I�•s:r�r.tei:r ct the Note�:iri�i can 6e ; '
<br /> • given effect without thc confllcting provision.To this end the�rrnisions of this Securttw Li3trument and the Note��eeiared ! ' � �`:�"" "
<br /> . - - . ,. ' to bc severablc. . �
<br /> 16.Borrawer's Copy.8orrower shaU be given onc confomicd copy vf the Note and nf this Secudty lnstrument. � .
<br /> . . Irw�w 802� !HO • .
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