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<br /> ';T�':=�f-� �`��� °Y•� er be uired,At Ihe a tiao�f l.ender,if mattgagc insurAnce caverage(in Iha unx►uM und for Iho peTiad =__-
<br /> paYmenta rrwy no lon6 roq P
<br /> ` r tlwt I.cnder rcquirc�)providod by wn insu�cr Appa�ved by l.ender again t►ecomcc avuilablc and i�ob�uincd.Hurtowcr rholl pay
<br /> �'�'�""` "'�"`'`''°'��� � �,� ihe remiums rcqulred ta maintein martgagc insur�nce i�efPect,or to pnwide a luss rescrve,umil �hc rcyuiremcnt 1'ur mart�a�e
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<br /> - �-�'"�as�;t•,:`t�".`;;�:.. inwrance ends in ucc►rdnnce wilh ony wrltlen agrcement Ix:twan �rrower and l.ender ur applicublc luw.
<br /> �:�:::'�.�, �•., .
<br /> - ��„�r • .•, 9.Intpectfon. L.endcr ar its ogent moy makc reasanable eMdos upun and inspcctiona of thc Pr�crty. l.encicr rtwll �fva
<br /> '�;-:yt'k�.,�;;:�?_ ,� Borrpwer nutice at the ii�ra of or p�ior to an inspoctian specifying reasnnvbk cuu�c for the ins�pec�inn.
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<br /> � - ' ���. 10. Conde�nnadoo. The procceds of aoy nward ar cluim fur danwgc�. �lircct u� cun�yur�ilfal, in cctinncrtf�m wiih uny �
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<br /> rnndemnation ar other u�king oi any p�rt of the Propeny.ar for conveyunce in lieu of rumlemnation,�re hereby w�++i�n��! mrct
<br /> ..",` ...-. .,. , _ �Iwll tse puid to Lender.
<br /> _ .__ _
<br /> ,,:�. , .—_�r-. _ _
<br /> '' ''�' ' !n the event of a totel taking of the Property,the proceais shall be applied to the xumr�r�e.cured by Ihis 5�xurlty Inhtrumen�.
<br /> ...•ti,:.: ,• :. ,
<br /> - � • whether or nat then due. with any excess paid ta Borrower. lo the event af u puttial taking �f th� Pmperty in which th� fafr
<br /> +...+ . _ �.. market value of the Propahy immedintcly before thc taking is equal to ar greutcr than the amaunt of the�ums uxured by this
<br /> ��•�� � Secudty insttument immedintcly befare the takiog. unlsss Borrower and L.ender otherwise agrce in writing.tha sums securad by
<br />�`W:�'�"""""�"''�,,� this Secu�ity Instn�men� shall be reduced by the amoum of the prnceede muUiplied by the following frnctlon: (a) the tolal
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<br />=:_:::j � �. �� amaunt of the suma secured immedic►tely before�he tuking, divided by (b) the fair market value of the Pmperty immediate y
<br />`_�;; befo�+e 1he taking. Any belance shalt be paid ta Borrower. In thc event of a panial taking oi the Propeny in which ihe fwi� s
<br /> Y ',•� , - �'•° market value of the PropeA�•immediately befora the taking is less thun thc amount of the sums secured immediately before the ___
<br /> • �'"'" �' , :., ••u : ';; =__—
<br />�• ';;={�`"'`;s,�•-.. •:.. � takipg,unless Borrawer and Lender otherwise agm.e in w�iting or unless applicuble law otherwis�provides. the praceeds sh�l�
<br />,�:G;� �p...,' __..
<br /> ,• "�#`f"�""f�`'�t'"�°'°"��;�3. be app�ied co tMe suma secut+ed by this Securlty Instrument whether or not�he sums are then duc.
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<br /> .. r,. il�.�f��"�•'���{il,��aS.��i,��6rr.
<br /> l .!f �� �`��prop��y is wbandoned by Horrower,or if,after notice by Lender to Horrower that ihe rnndemnor offers to make an
<br /> v,- .r �r,•,"''�r..j�Y'� r •�>� 71? �__
<br />�;.''��' < `r�`�"���"��i;r:�°;•''��`' award or settle a claim for damages, eorrower fails to respond ta I.ender within 30 days after the date the notice is given. ,_--.
<br />�''`�'�� �'lm� � � .��'� Lender is autharized to collect and apply the proceeds,ut its option,either to restoretion or rcpair of tha Propeny or to the sums ��!' _ ._
<br /> y f .� moms. �a'.
<br />.��� �•`' � ,s;.:.` ; ,� ,� � exurod by lhis Security lastrument, whether or not then due. , �,+1,+�.'.�t i.
<br /> � d�t: ''; ����r�`� Un less L en der w i d B orrower o t h e r w i s e a g r e e i n w r i t i n g, a n y a p p l i c a t i o n o f p r o c e e d a l o p r i n c i p a l s h e l l n o t e a�e n d or �j t!��;`�:_.
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<br /> , ,!.•y,{.t,. postpone the due date of the monthly paymencs refeRed to in paragraphs I and 2 or change the amount of such payments. ��
<br />" ' ., =l<<',�t`` 11,Bon'uwer Not Released;Forbe�rance By I.ender Not a Wafver. Extension of�he time for ment u�modificatbn "s'�'`-
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<br /> , •. " `;} of amanization oithe eums secured by ihis Security Instn�ment grnnted by Lender to any successor in interest of Borrower shpll `�---�°- -
<br /> not operate to release the liability af the original Borrower ar Borrawer's successars in interest. L.ender shall not be requi�ed to
<br /> Z commepoe proceetlings s�gainat any successor in interest or refuse to eztend time for payment or atherwise modify atnonization �y„q;,,
<br /> .e ��=-.�,.._-
<br /> � of the sums secured by this Security Insuument by r.aaon of ony demend made by the original Borrower or Borrawe�'s • �`.i;,_�_
<br />;. ' '�' successors in interest. Any farbeuranc� by I.ender in exercising any dght or remedy shull not be a waiver of or preclude the �'i',s.;,__
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<br /> eaercise of eny right or remedy. _
<br /> — •� ` _. � 12. Succa:s�.-� a:w �tgs�s 8oussd, Jola! asx! SrY�ra! Llabllfly4 ('�.�ignrnv. The c�venants and aRrcemencs of�his ��;�s ,__
<br /> � , r , Securiry Instcument shall bind and benefit the successars and assigns oF L.ender and Borrower, 9abjert to the provlsiona oP -°°"'"'`=_
<br /> ' � paregraph 17. Borrower's covenants and ag�eements shall be joint and severnl. Any Borrawer who co-signs this Security �`°�`"
<br /> :..)�,1" '' �;�y:_.
<br /> �` Instrument but does not execute Ihe Note: (u) is co-signiag this Securfry Instrument only to mortgage, grant and coavey�hat __ _.
<br /> � • � Borrower's interest in the Property under the tcrms of this Security Instrumenr, (b)is not personally obligateil to pay the sums �.?�',`��;: ._-
<br /> • • socumd by this Socurity Insttument; and(c)agrees that Lender and eny othcr Borrowcr may ugree to extend.modify, forbear or ���'��``
<br /> �---—�
<br /> „ m�{ce any accommcxlations with regarJ to the�erms of�his Security Instrument or the Note without thet Borrower's consent. ��'^+��^�°'�`�i:
<br /> ^ i3. Loan Ch�es.lf the loan securcd by this Security Instniment is subject to u law which sets mnximum loan charges. . '�e,':'
<br /> , � and that law is finally interpreted so�hat Ihc in�crest or other loan churges collected or to be callec�ed in connection with the • _
<br /> „ loan excced the permitted limits,then: (u)any such loan charge shall be rcduced by the umount nec�5sary to rcduce the eharge '----==— _
<br /> to the permitted limit;and (b)any sums already rollected from Borrower which exceeded permit�ed limils will be refunded to � ''-`-
<br /> Borrower. l.ender may choose to malce Ihiti refund by reducing the principal nw�tii under the Note or by mnking a direct -
<br />' payment to Borrower. If a refund reduces principal, the rcduction will be trerted as a partipl prepayment witi�out rny .,,:,,,,-�_�-��'
<br /> � ' ' prepayment chArge under the Notc. •4•�'.�'1"�°
<br /> ,,.,
<br /> 14.Notices. An y noticc to Bonowcr provided for in this Securiry Instrumcnt shall bc given by delivering it or by mailing :••�j=-;•-�=:�•F�:_,
<br /> it by first class m�il unless applicable I�w requires use of anaher method. Thc notice shull be directed to the Property A ddress '� .�__;1. _
<br /> ..�:.:
<br /> �•<•�� or any other nddress Barcower designutes by notice to Lender. Any notice to Lender shAll be given by first class mail to •
<br /> � . ,�,':,?�� Lender's addtess st�ted herein or a�y other aJdress Lendcr dc�ignates by nuticc to Borrower. Any notice provided for in this ,_,�- -� °
<br /> �' . Security Instrument shull be dccmed to have lx�en givcn to Borrower�x L.enJcr whcn�eivcn us provided in this paragraph. '= `?��'�'"'�--
<br /> fS,,,.
<br /> . I5. Governit�Law; Severpblllly. This Securiry Instrument shull tx governed by fedetil luw and the law of the �y,•,
<br /> � , ,.•;.;'...:::,�',:;';-..,::
<br /> . jurisdiction in which the Pruperty is kxuted. In the event that any provisian or rlause af�his Security Instmment or the Note , ,-�-��'
<br /> conflicts with npplicable law•,xuch conflict shall not vffect other provisions of this Security lnstrw►xnt or ihe Note which ran be i �� ,
<br /> • given effect without the conflicting pmvision.Tn this end the pravisions of this Securit}•Ins�runknt and the Note are de�lared j •�°,,1 .
<br /> �
<br /> to be u:vcrablc. '
<br /> 16.Borrow'er's Copy�.&inower shall be given�mc ronfarnied copy of the Ncxe and of this Security Insttument. ,
<br /> Fonn 90Zt !1!0 �
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<br /> '•. MC.9019-NFJ4 ,
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