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<br />_ .. . . _ ' s - t �'i.�r�;:
<br /> uired.at ttie o tioh of Leader.if sost�aga insnsance coverag9(u�the�����s periad _
<br /> payments m3y afl tanger be req P
<br /> �.;r,�-
<br /> chat i.ender reqteires)provide�by au�insumz��e�by Len�Qr aoain becomes avnila8le�d�s abr�i�.ed.Bar�o�Yea shsfl psy
<br /> �h�pmtniums required to maintain a�ortgage iasuratcce in effect.or tv provide a loss reserve.until tE-.e req�llrercen3•[4�r mort, r �;.
<br /> �--.,
<br /> ansuranse ends ia accordance with as►y tvriuen a��nent bctween iiorr�wer nnd Lender or agplicable lacr. �:_
<br /> �.Yns�2fu�. Ler�r or its agent may m�ce reason:8le entries upu:�und inspections of the Pz�u�erty.Le�ks�shall giva �;�.,
<br /> �Orrower a�ti�e at the dms of or prior W an insp�rYiam s�cifying reasonab3e cnuse for the inspectian. •A`r;:_
<br /> 10.Coaa�mt�tlan. �s proce�ds of any awaxd or clai�far damages. dir�ct or rnnssquentiai. ia con.^rzcsian with auy ,. ..,.:,:
<br /> .f :r,
<br />, oondemnation or other takin�of any part ot the Property•or for canveyanre in lieu of candemnatian, are i:e�eby a.gsi�ed a�rd ��__
<br /> sha116e gai�to tx�der. . u-=-
<br /> . . In thr event of a tot$]saking of the Fropariy.the procc�ds shall be applied to the sums secured tiy this Sb`curiay ItutnunEnl. �;-
<br /> w�ether or�t then due. eritL any excess paid to Eor►mwer. is�the event of a partial taking of the �coperiy in�ahich ths fasr .�r��:.
<br /> martcei value of ttce Propercy immediately before the talang is equa! to or grater thao the amaunt of the s�xabs sesured by th�s u�;�;°-
<br /> Searity instruth.ent immEdiately bsfore the saldng.unless Barros�cer and Lender athetvrise agree in writing�.the sumc seaued by ; ,'�
<br /> ' • this SecuritY I n s u u n s e n t s h a l l be reduoed b y t�e amaunt of the proceeds multiplied by tue follovria�Ftact��n: (a) tl�e wtaf ,j+;
<br /> .. amonnt of the sums s�cu:ed iaunediately Defore the takin8,divided[ry(b)the fair maricei value of tP�e•P!ropctt�'i�iatelY -s,r~
<br /> " ` hefor�the salcing. Any balanoe shal] 6e paid to Borrower. In the event cf a pardal tdkin�of the Fro�crty in whieh ttt�fair �x'�w'_
<br /> r��':
<br /> � marloet value of the Fmpercy immediately before the tatsing is less than tt�e a�count of t�e swns secured i�art�idy Imfore the f:.�:
<br /> � taking,unless Borrower and Lendar othenvise a�ree in�vritiag or antess applicabte taw otherwise pro��s.th�praceeds shalI 3; -:
<br /> .� be ajspfi�to the stuns secured by this Sewrity Insu�ment whetfler or eot the sums ara then duc. .
<br /> i um '�
<br /> If the ProgertY is aba�oned isy Bn;row�.or i��ter nat�ce by Len�ter to Eorrower that the coacfttca.n�or offers t,o make aa =�__�
<br /> `�' award or settle a ctaim for damages,Botrawer fails to respond tn Lendzr within 30 days after si,e dat�the�rioe is giv�u. -=�,;
<br /> Lendcr is authorize�to vollect and apply die proceeds.ai its option,either co reseor�tion or repxir of tF.n::Praperty or to the sums .0 .
<br /> -� '�f':.`.
<br /> �FG�[3ji[ALS SCCUIIIj�I[15t111�$.9iT�Pd OT 1t02 tbCII(IQC. Sh3U IIUi PJI[L'� Or �'�•;'.'
<br /> iJnless Leader and Borrower otherarise agree in vrdtint, anN aPFlication of pmceeds to pris�cipcal
<br /> •� < -
<br /> Postpo�the due daie of the montlily payuieuu refened to in�.�raphs 1 and 2 or cGange the aa:au�of sush paYmea�s• --
<br /> or amdificatiau ■",. ,_
<br /> 11.Borrcxwer�Nai Qeteas�x6:r��tt2arnu��3'�a�llr�t�GVai�er.Extension of dse time f�pay�.e _i--
<br /> of amonir:tiou af ti*�e sums secu�d by this Sew�ii9 L�sunme�g�an�.l�Lertder to any�ccessor iA intxsest of Horrower shsjtl __ __
<br /> Qat�rate w relea.s�the liabiliry of the original�orro�rer or Borrower's saccxssors in inter�st-Lerd�t shall mot be requir�ed to __�
<br /> ��Pr�oe�ings against�nY successor in interest or refuse w ext�d time far poyacent or o3l�:r�vise c�odify acnnrtiration � .
<br /> . aF Yne sums secur�b7 this S�ruity Insuument bY season of an}r de�and made by the origiisn��Bonowes or �omotver's �,;W_ .
<br /> ,, ,. supcessors in interest.Any►forbeazance by IxndEr in exeicisinS anY right or iemedy shall nni be a waive�of os preciude tiYe .s�
<br /> • � ' � exrrcise of any�ight or remedy. =% -
<br /> • 12.Sa�is and A�st�Bama3:doinE tin� Sctm�.�9 L�a4llity.Co-s�1�'9.The coveaanrs arvd Pare�uts of tCtis �_
<br /> . g�n�r�rn,,.,�±±*�hall biud�as9 beaefit the sa��s r�cud assigns of Lender aad Borrower.,sub}ect to t1ys,�visions of :�,---
<br /> ... �u�.�gh i7. Borro�ver's�ovc-tcsats and ngreements shaU be joiat and several. Any Borrowec�wtw co-si�4�t�W 5ecuriry --_
<br /> ee
<br /> • � In:nsumei:t bnt dues not execu?�the Note: (a)is cu-signing this�ecvr.ipy Insmrment onIy w martgpge,�t�d comreY that —_
<br /> .. .�.�:.;�•� �o3sawer's interest in the P�v��ssy w�der the ter.ms of this Security IG:�l�urr��eent;(b)is nat personniSy a�icj3�d to ga�r the sum�. __:
<br /> `.. '�:�;, '� se,�red by this SecuritY Insuu�r�;an�1(c)agrees d�ac LenGer and any n�'.i�sr Borm�rez mny agr�to exten�.mo6ify.fo�ar or �_
<br /> >:;�;�` ` _
<br /> �',`;° :;':. malc�aa accommodations witii��ard ta tl�terms of this Security�nsumment or i�[:i�,-t�.:withoun�t Borr.�w�er's oonseai. ��°'
<br /> . �.,. ,;.:. . Y � .
<br /> ;�.,; �•,•. 13.Loan Cbnrges.Tf the toan sewued by this S�curity inst�ument u subjesa.t#.'t�f,aw wbiciu sets maxi�m Ionn char�es,
<br /> :':•:� �` • and that law is finally imerpret�l r,o tLat the itrteiest or other loan sharges cafiected or ta be cod�eeted in oonnectian witt�the
<br /> '," .�; �
<br /> "'` `�� loao exoeod the permitted Wnits.then: (a)any sa�►loan ci�rge shall be reduced by tlte amount�necessary to redL�ce the c�e _
<br /> t,r � ;:
<br /> � , to tbe pemutted timit;and @)anY sums alreadY wllectxd kom Borrower Nhich excceded pern+i��'limiss wiil be refaaded w
<br /> � • Borrower. Lender may.choose to ma►e thia refund by reducing.the prine�Pal owed wader tAi�:Nmie or by aialcing a di¢�st
<br /> PaYme�►4 to Bors�wer. If a tefund reduces principal. the reduction arill be tr.aied as a pp�l�prr�aytss:nt withnut any
<br /> : � �'.�,� P�Y�nt charge under the Noxe. : . ::
<br /> . ;:�' ��';. 14.Notic�s.Any notice W Borrowcr provided for in ttus•Sc�auit.y,im.�trument st�lL be givla��q detiveriag it or by maiJib�. �:t.
<br /> ;'�:;� :, it by fust clas's�mail untess applicabte taw requi:�s use of aaat�er met�ad.'Fhe notice st�tl be da:r.ected to the Fiapecty Adtlrc'st�, -
<br /> '���'' �� c�-Ft(cy othec address Borra��c,r.designates by notice to L.ender. Any notice to La��ier shalU�bir�gAven by first ci�maiD to 1��.=:
<br /> ��rr,.
<br /> �'�:i'�� y.
<br /> .,;;�+ ,. , £tiriit%rr's address sta�ed h¢rihi�r any other address Lcnder dESSgnates by notice w�raowerl.Aby,nasice provided for in thi� ���:
<br /> ;":�jt' (:..:. S�c.�r;ty Instzument sha11 be d'ee�aea to havc�een given to sorruwer or Lender wben given as puavi¢ed in e�is p�uagmph.
<br />.,;,�`i S.:'• 15.Govtrning I,aw. S�werabilIty.,'f�it9� Securiry Instrument shnll be govemud by f�ddrat la�v and the !aw of tf�c [�3;:'
<br /> rtir' . ' .'v:'.
<br />_:.;,�� ;� jurlsdlaion i�s wiucn the Praperty is lac�tvil..t��tt,ee event that am�r provision or ctausE of t6ie�Secua�ty lnstrumeat or th�irlate ,:N;.
<br /> ...._-
<br /> `:°. ' conflitts with applicable law.such conflict s4ta11 not af�.�x�otI�er px�visions of thts Security Inst�naaa�ettt or tbe Nato wh�ch care be =
<br /> �x -._
<br /> '�•�: glven effect without the conflicting provision•To this end the provisions of this Serurity lnsma�ent and the Note are destas�d ,:,��`
<br />'.::��t� :, to be severable. '
<br />:.�,.','� ' 16.Bosrov�er's Copy.Borrower shall be given uns confomied eagy of the Note and of titEs Secuzity Instr�ment. � ;
<br /> ..�":� Fnrm 3028 9(9Ct --
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