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<br /> • p�ymerit�tnty no longer bo roqubro�l+��tb�o option of I.e6der� if mnrt��e inaur�aca caver�ge(in the amount and far the periad
<br /> that Lea�der rquirei)Provida!by an iawrer+�PP�v�by I.eadae�g+�G'►6eco�av�lablo�ad 8�obtainosl.�orrowor�h�ll p�y
<br /> �he premiumr roquired w tn+�int�n mortgi�e innnu►ce in effi�ct.or to provido�lou r�aerve��cable law uinmeat for mor���e
<br /> :f`. ins►ncce eadi in�►ccordance witb eay wdtlea�roemait betwam Horeower ud I.eader�ton�of t�e PropextY,I�nader�ll �ive �, .
<br /> ' g. II���.�. I�nder or ib egoat�u4y�ke reaaon�b90 entdee��pou�nd itupec
<br /> � . Borrower notIce at tho timo of or pdor to�n lnipectton�pecifying reasowl�le c�usa Q'n:G�a in..^p�ctlon. .-
<br />....:;`�_:'� of�ay �wud ur claim for dRmR�a�direct or conseyumttal� in coanoction with u►y .p_
<br /> .•`� 10. Con,denn4tlon. Tbe Procoedi ,
<br /> ' condoronadou or other taldn�of u►Y Pa�of the Pteperty.or for�onveysnce in lieu of condamnation,ue harebY wi�aed�°d
<br /> �. s3ui1 bo p�id w Leader. tho roceede e1W1 be�pplled to the eums�ecwnd by thie Securlty Inettuaxnt�
<br /> � In the evr,nt of a wW takln�of the PropertY+ P of tho Pro in which the faisr ';��`
<br /> whether or not thw due.with�ny eacea+ pdd to Borrower. In the event of�putisl t�in8 p°�i'
<br /> � m�rlcet vdue of tho PropenY immedlatdy before t�e ulcing ie a�ual w or gr�xtee th:n tha amount of the nua�eeeured by thie _:;;:�:
<br /> •. Security Lutntment immedfAtely before the t�ldn�,unleae Borrower wd Leader ot6o�ri�e a$cbo in wdHn��tho�ume�ocus+od by -
<br /> • �i. tlile Security In�trumcat ehall be reduced by tb.e�mount of the ptoceods multiplted by the followln� fr�ctton: (�i�i�� �""__
<br /> � amoimt of the eum+ eoeiued immediately before tho t�lCing. divided by(b)tho fAia nwicet of the Pco ��in whieh the fa i °,
<br /> : befare the t�kinY. Any b�l�ace ehill ho piid to Borrowar. In tha eveat of t pudal hidng P�rtY _
<br />':-u. :'.:• :
<br /> �''� •� m�ricet value uf the Properh►�mmediauly befom the t�lcin�i�loea th�the�mount of the�unu�xurod imm�d+u°ly beforo tha
<br /> �:i. uking,uulaw Bo,.awcr and�ader otharwiee agcoo in writing or unlees applicable law otheiwiea pmvida�tbe proceeds ehRll c�
<br /> ,,,,,;W-st c�hether or not the eumr aie Q►eu due•
<br /> �� :• �!. be appliod to the rume sxurod by rnie Secuiity�rstr-"'.
<br /> ni
<br /> � If tHs PropertY is ab�ndoned by Aorsower� or if,after nadce by Lcnder to Borro�wer that the condemaor ottoro to m�ke an =
<br /> awud or eetile a claim for dam�8es� Borrowar f�ile to rwpond to Leader aitHln 30 daye�Rer the date tho notice ie gx�e�, �Jv
<br /> ��,�.��.�'� 1 the pmceeds,at ite option�either to resmntion or rcpair of the Ympe�t5'or w t�a acsms =_
<br /> �•- Lender ie authorized to collect wd�PP Y
<br /> . �, eecund by tl�ie 5ecurity Insteunxnt�whethor or aot thea due. _
<br />�:�?'�!�:�::,.�M in wdtIng, �nY �PPlicatioo af procoede to priacipal eZull not extead or
<br /> ' Unleee Leader and Borrower otherwlee agroo he 1 �od�or chwge tlte amount of euch paymeat+. :
<br /> ����.'�.�;��� postpono tkra due date of the monthlY P�Y�b raferred to in pusy,rap
<br />�'-�s;"t;�.,. :. 11.�arrower Not Itdease�l3 For�STa°ce BY�dar Not�Wni�a�.Hatension of tho time for pwymeat or modifacatlon
<br />_�.-�,:�w" . of awo�tizatian of tho eume eecurod by¢h•'sa Securlty Imtntmeat grwted by Leader to my euceweor ia intenst of Bormv►�,t sha�ll
<br />.�=�-::;,4}. , not opea:a to release the liability of the odginal Borrower or Borrower'o �uccameora in intera� I.eader�h�il aot bu required to
<br /> ��:_;_�_�� ���Yl��e..a.t .r.ny eucceasor in iatares¢or refuse to oxt�ad time for p�ymeut o;othetw�ee c�cli�aatottiution
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<br />-_-_,-:,�:����• IInR�ument b re�eoa of Wy dcmmd m�o by �
<br /> ---����,�C� of tlre sua� sxural bY thi° ��$' Y , t or rcmedy ehall aot be s wuver af or precluda�
<br />- ;�`=,•`'y,� euccasc�za in intorat. AnY forbear�ocm by Leader in exercioin�nn�riith
<br /> -_-.#*i�:�r,��':�i
<br /> �:N�� exorcjse af any dght or m�edy. The covt�nts aod +�reemmb a�f thir
<br /> IZ. S`�roc�ssore and � �dt Joint aad Sev�! Liabfltt3+i��•
<br /> x�� t� ����afit� �p�on md uei�e of i� �nd Borrower� aibjxR to tho ptav�sions of
<br />--.-_-- -._�, Security In�tutnen � meau elull be joint md wvornl. Any Borrowa who � ilva Securlty
<br /> -- -==� pars�capb 17. Bonower� coveat�b and tgree �� t�nd coavey tt�t
<br /> -__--:+�� rashummt but doa not oxecuto the Nata: (a) ie coaI thie Sxurity In�meat c�nly to�+noRYa�e. iraa
<br /> -- under the term�of tW�Secur�?y 3n�tcumeWh N)i�not personilly obli�atal to PaY the wmr
<br /> ,�--=;—� Borrower's Interat ia the Propetty w extwd,modify�forUar er
<br /> ---- ��� eecured b3'thi�Security Instnimeati�nd(e)��t�t Leader Mad�a,y otha L3omowu no�Y��
<br /> -----. malce sny�ccommodatioa�wtth rogud to the terms rof thie Socurity In�taumcat or the Note vvtthout Wat Hors��wa'i coa�ent.
<br /> 13.I,oan Charra.If the loan�xuc�ed by thia�ecurlty Instn'°°eat i��ubJxt w�l�w wbich�ets mu�n�raum laa c}mr�a�
<br /> � md that liw i�finally iatapreted w that tho interat or other loeti charga collacted or to be collected in eooaecdon wtth the
<br /> laan exceed the perroiued limir�,thea: (a)�ny �uch lo�n chuge a'�a71 be cedtticed 6y the amownt necaeRry w reduco the eh*r�e
<br /> --- to tLe pormtued limit;�ad N)auY�um��1�y collxted from Borrower wluch eaceabd pormiuod limits will b�roft�aded to
<br /> a diroct
<br /> Borrowaa Ireadar�Y aho°�°t� sa�lce this nft�d by reduc�ng the prfncipv�l owed uai{er the Note or� wit thaus a4y
<br /> .._— WY�t to Bormwer. If a reflmd ceduca p�incipal� the roducdon will bo orated �s a �cta �►y
<br /> -- - ----- Pl'�WY�'t cbuSe under the Noto.
<br /> 14.Nnt�as.My����$O�'°war pmvided for in tl�ie Securlty In�tum�at�11 bo 61vw by delivar3ng it or by m�ilin�
<br /> -� it by fir�t olaa mail wilea Rppllcable l:w requlce�we of another m�thod.11ie notice�hall be directed to tho�rtY�ddiar
<br /> __----- - — or�ny oltar addra� Aorruwor dai�nata bY natice to Leader. Any notico to Leader �hall ba �tvaa 6gI fizs! clu� miil to
<br /> — I�1es's addroa�tated heroin or my othor address Leudar dai�atee by notice w Bomower. An,y notice;p.rovided for ia tLi�
<br /> �� Socurilp�shumwt�hall bo deemod to hsve beea g�ivea to�Sorrowar or Leaekr whar Qivw as pmvided in thie par�nph•
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<br /> ----� � 15.Goter�ini I.�M3 Se�aabi4ty. Thie Secwrlty Inetrmment eluill be govarned by fedeal ]aw aad We l�w of
<br /> _ _ __- jvridlctton�n which the PmpertY ie loctcal. In tho eveat thst any pmvIdoa or cl�u�e of thia 3xudey lnnhumemt or tho Note
<br /> _��°°�n"��� ��cu���pplicable Law.euch conftict�hall not atfxt ather provi�iona of th4s Socurity In�t or the Note which csn 1�0
<br /> `''`� rovi�ion. To Wis ead the provietom of thie Security Ins�umeat aed a�e Note ue daclsral
<br /> ----= etvea effect wltDiout the casblictinS P
<br /> -�-:*'4,�``�'•. to be e�werable. of the Note and of tfi►ie Security In�tnimeat.
<br /> -�'°"•'";';�°�. Borrowcr�Lill bo�ivra oae confexavod cqPY
<br /> - _ 16.Barro�va'e Copy.
<br /> - - Fonn so2t �_
<br /> �_'.n°�'�' 11A- 1304
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