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<br /> payn�encs may no lonrer be rcquirod,ut ttu aptian uf l,ender,if nwttg:��insurance c�vcr.�e(in the amount suul fnr t1ia�prriat
<br /> that Lender rt;quires)praviclod by an insurcr�pproval by I.etxicr�uin L•acott�s Lvailsble ajxl is obiuiiuxi. Eiorrawsr slhAll p�y
<br />_ the pruniuu�s reyuired to n�inwi�i �nortgage iiuur�ti:e in effi:ct, c�r ta provicle�la�.�rrserve, until d�e raquiranunt fur m�rt�age
<br /> insurance cnds in uccarda��ce with any K•rittrn u�cYZn�ent betK'een &+rrow•er tind[..endtr or u{�licable low.
<br /> �, tuspaeiwn. ixndtr or itti n,gent nwy �r�xice reasc���able e�itries upen�s�x! i�upectivnc of'the Pn�peay. Lrndar ahuil ai�e
<br /> [iarrower nntice at the timc:of or prior to�n inspoction specifying rrasanable c,wsr for the inspectian.
<br /> 1�• Caiui�unaikw. ihe proca�s af any award or claim far dan�es, diroct or consequcntiul. in cannoc.tian w;.th any
<br /> condemnasion or other Wl:ing of ar�y part of the Property.or for com•eyonce in lieu of concienuwtion, aro hon�b��asa:�nQ�and
<br /> shall be paicl to Le�uier.
<br /> 1n the event of a tota) taking of the Propeny,the praceeds shall be applie�l to the sums secured by this Se;,urity Ins:tument,
<br /> whether cx not then dur, with any excess paid to Borrower. ln the event of•r parti�l tal•ino of che ProE►erty in which the fair
<br /> n�zrket v�luc of the Property immediately before the taking is equal to or gre��tt�n tiw:u�wun�of tho sums sc�.ured by this
<br /> Security Ii�vment inm�dia�ely before tFie taking,unlcss Borrower su►d Lender orhenvise agree in writii�, tha surn�securecl by
<br /> this Security lustrwnent shall be reduced by the amount of the proceeds mwttipli�l by the folluwing fi�.:tion: (a) che total
<br /> amount of the swtss:�cured immc:�iately before the t�king. divided by(b)�;•fair market valuo uf ttvt I�,���t,rty im�rodiately
<br /> before the tslcing. Aa� 6alance shall be ptid to &arrowe�. In the event of a partial taking of the Property in which the fair
<br /> maricet v�lue vf the Pmperty immedizteJy b�fore the taking is te��than the amount of d�e sums;ecured immediut:.y'v�;:ore the
<br /> taking, unae.�Born•wer u�d l.ender otherwisc a�n� in writing ar unless applics�ble law�h..nvise pravidcs. tho proceeds shall
<br /> be applieol to ttse su�ms uecured by this Security ta�i»unt wl�ethzr w not the siwLS are then dsu.
<br /> If the Property is abandoned by Bonower, or if.after»��ti:e by L.encier eo Borrower that the eondemiwr offers to m�lce an
<br /> awarcl or settle a claim for daznages,Borrower fails to resp.vwt to l.ender within 30 days �fter the date tt�e notia is given,
<br /> Lerrdee is wthori2od to collect and apply the proeeods,at i�s o�can.either to reuoruion or repair of the Property ar to the w)ns
<br /> sa.vrc3 Ibi this Securiry Insirumeot,whether or not ttkn due.
<br /> Unless L.ender and Bomawer otherwise agroe in writing. any application af proceeds to principal shall not e�x�ad ar
<br /> postpone the due date of the monthly psyments referred to in paragry�hs 1 �nd 1 or change the tinount of such payments.
<br /> Il.Borrower 1Wit Rde�sed; Forbesr�u�e By I.ender l�ot a Waiver.Extension of the time for payment or modifcation
<br /> of�mocti�tion of the sums s�cured by this 5ecuriry Insnurnent granted by l,ender to any suceessor in iaterest of Borrower shall '
<br /> noi opernte to release the liability of the original Borrower or Borrower's sucasso�in interest.Lender shall not be required to
<br /> wriunena proaeclings against any suocessor in intereu or refuse w wctend time for payment or otherwise modify unorti�tion �
<br /> of the sums sec�c�3 by this Security I�trume�by reason of any deaLVS� aude by �he wiginal &xrower or Borsower's
<br /> succusars in inter�t.Any forbear�nce by Lende:i,�a extrcisit�g auy right or reaiedy shall not be a waiti�r of or proclude the
<br /> esa'cise oP aay righi or remody.
<br /> 1�.Suoa9rars aod Asci�ns Bouad;Joint and SeverA! Liabilt�ty4 Co�signers. The wvenanu aad � of this
<br /> Seauity Irstrumcnt s1w11 bind and baufit the suooessors u�d assigas of l.eader aad Barrowu. subjeu to thc prywkss'soac of
<br /> p�ragaph 17. Borrower's oovenuus ud agreemeats sha1l be 3oint and s�weral. My Bamawes wha��si�ns this Seatrity
<br /> ..-�---� .r.�e....^�:�...-'��"ss s'..^: . 1. ., - L. .. - ,. --.
<br /> :�:�:�.:.i..:,�..;::,:l:; ;.:�-�ig�u:.�i„is �.,ia�iy uesi►w,:c�x v.dy iv moriga�gc.�gr�i aoci�tutvey ti�[
<br /> Eocm+�er's incerest in the Prope:cy w�a«wo urau of this sau.-ity tast�uma,c:(b)u noc personsuy obli atea eo
<br /> � WY tlse wms
<br /> sa.'urcd 6y this Sxuriry IasWment;and(c)�gnoes that Lender un8�oy other Borrowu may agree to extead.modifY,forbar or
<br /> enalce aay aeoommodations with regarcf w the temu of this Sxurity lawucna�t or the Note without t}�►t Borrower's oo�ent.
<br /> 13.I.o�a CLaraes.If the loan aecure�by this Securiry Inctrument is subjxt W a law wtuch sets mvtimwn loan chuges,
<br /> u�d tl�t taw is finally inttrpretod so that the interest or othor loan charges collected or to be oopocxed in c000ection with tl�e
<br /> loan eiaxd the permiuod tirnits.theu: (a)any such loan charge shall be roduced by the unount n�ecessary to reduce the chirge
<br /> to t�e p:x�iued limit:�ad (b?any suaLS already collectod fivm Borrower which excbed�d permitted limits will be�funded to
<br /> Borro+va�. Leader may choose W :n�tce this refund by re�ciog tl�o principal ov�ed under We Note w by making a diroct
<br /> Pml+n� to Bormwer. If a rcfur�d roduas prinri�m2: the ceduction will be tre�ced as a P�� P�Y� without any
<br /> P�Y��ar'Be uader the Note.
<br /> 14.Notice�.Any notioe co$orrowu providod for in tIus Sxuary InsWmeni sh�ll!�e givrn by delivering it or by mailir�
<br /> it by fust class mail unless applicable law requires use of anoa4rx mWwd. The notia shaU be dlrected tu the Property Address
<br /> or any other addras Borrowu designates by notice to Lea�ec. Any notice w L.ender shall be givea by firct class m�il w
<br /> L�xkr's address stated herein or�ny other�ciGress I.eixier daigr�stes by notia to�3orrower. Aay notice provided for in this � ��
<br /> Socuriry Insaument siuli be damod to have beea gi�:ea w Borrower or Leader whea givea as pmvided'w this paragaph. �
<br /> 1S. Governin� I,�w; Sevp�bility. This Secu�ity Inurument sh�il be govemed by federyl !aw �nd the l�w of the
<br /> jurisdi�ctcron in which the I�ropaty is loeated. In[he event that arry provision or clause of this Security lnstiumeat ac t�e Nate
<br /> confZicts with applicabk law,sueh c�ontlict shall not affeci ot�etprovisioac af this Searrity Instrumrnt or the Note w�can be
<br /> givea effat without the oaoflicting provision. To this end the provisions of t}tis Security Iawvment and tho Note are dec]ared
<br /> to be severable.
<br /> , lf.Bosrower'c Copy. Borcowa shall be givea uae coafoimed aopY oE cf�e Note aod of this Saa�r�ty L�txvme�t.
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