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<br /> � �" �U�'"l��d
<br /> pny�nei�t�uisy no longer t►e teyufred,at du option of Le�xler,if mortgag�Insura�xe mv�r►�ge(h�tha xmuuut Nt��l fi�r�he pertcxl
<br /> , r that I.eiuler reyulre.9) provided by an In.surer ap�+raved by I.ender aguin ixaimes nvnftahle i�nQ iN nhtiiinc�. Ilc�rn►wer eiiull p�ry
<br /> d�e prewtums re9ulred to n�alntain niortgege insuranc;e in effect,or tc►prnvide a losy reserve,uutil�he reNulrrie�ent fat mor�g��gC _�-_
<br /> .. insurance enJ.v iu acu�rJance wiAt at�y w�ltren agrecntcni bettveen Aonower entl I.ender or uppllettl�Ic luw, �
<br /> � g, Inspedion. Lender or lt�agent n�ay make m.�sotwble entdes upon a�xl in5pectiun�of tlu Pm�erry. L.ender�;l�all give . ,
<br /> ' �'�'�. Aonower nodce at the tlme of or priar to an inspectIon speclfyiag reasonable cause for the iuspecdon.
<br /> �;���,_.
<br /> 10. Condemnallon. The proceeds of any uward or claim for damages. d l r e c;t u r c o n s eq u e n d a l. i n c o u i�e c t ion with na y �`.
<br /> �'�-a� condemnation or other talcing of any part of the Praperty,or for conveyance in lieu of condemnadon, xte liereby assigned and
<br /> �"' sHall be paid to I.ender. �:,
<br /> � � '� In the event of a total takiuE of the Property,the proceeds sha11 be applied to the sums secured by tlila Security Ii�strument,
<br /> .,, ;� �3,
<br /> ;,�:ti':�:•�,',•,:• -
<br /> , .,;,-, whether or not t�:�a:hte, with anY excess paid to Borrower. In the event of a pardal taldng of the Property ia whlcu d�e fa r _
<br /> ::;i.;;.�/.�:••�� ���;�a vt�9s�c of e3���roperty immediately be�an�,r�:t�ing is equr1 t o o r grea t er than the:amount of tbe suma secured by this m_.:
<br /> e3� -'
<br />::::,::;,,.''`��'J'„ SzcuPity I�smunent iinmediutely before d►e ta�dqq,»'.ss�nz�rmner and Lender atherwise agree in wrlting,the sums secured by �:
<br /> '•''�i��'i;'•; this Secusiry Inst�unient sball he a�duced by the amount off¢1�c �pracee,ds muldplled by tl�e following fracdon: (a) ttte totnl _
<br />�����f�'•-''��''` amount of the sum9 sec+ued immedletely before tiu:taking, c�ivid�d by @) t�he fair market value of the Progerty?mmediately ^_
<br /> :�.;� .�r�ty m9
<br /> ��'�'�!''���:' before the taking. t��y balance s1iaA 1�e Paid to Borrower. In the eve�ns o�'n pardal taldnB of t�e Property in wluch the fair
<br />"``'?'^'`�'''`"�` m:ukel valne of th�Property im�nedlas�ly before the ta3ring is l�ss than t��an�ount of the sums secured immediately before the =
<br /> ';_,3MFy-: _
<br /> : ;.,,.,1,,,� taidng, u�►less Bonowet and I..encler othenvise agne in wrldng or unless a��licable law othecwise provides, the proc;er.ds shal.l
<br /> °"� be applied to the sams secured by chis Security Instnunent whether ar not th�sums are then due. _
<br /> -`=;`;� If the Properly•is abandoned by Bonower, �r if,after notice by Lencler to Barrower tlutt the c���eAanor offers to make am
<br /> ,��.,r�r•,
<br /> award or settle a claiw for damages, Horro�ver 7uils to respond to Le�de�• �vitl�30 days after tlse d,ite tlie wodce is given,
<br /> .n.:�i:' �
<br /> I.etxler is authorized ro collect and apply the�rou�.•eds,at its o�don,eitYner ta restaration or repair of i��e Pro�rty or to the sums
<br />�'�i;�� r�-cured by this Securiry Insmunent,whethe3 or not then due.
<br />-«;;;;�;ri;; Unirss L.ender and Bnnower ott�envase agne in writing, anY apPlicadon of proceeds w princiP�l sbK11 nc�t estend or
<br />_=::���ar. postpone the due dnte of the monthly paymcnts zeferred to in paragraphs 1 and 2 or change the amount of suc�pAymanGS.
<br /> -�:�vi�� 11.Borro�v�er.�7ot Released;F�rbearamce 8y Lender Not a�'�nuecr. Bxtension of the time for payment ar modification
<br /> :�'`i?�,�"'� of atnordza►tion of che sums sect�xed b} this�ecuiity Iastnw�ent granted by Leixler to any successor in interess af Hatrower ist+uli
<br /> _`;`��.;t:,�• not���crate ta release t�e liabitiry ai iue origin�i Buiio�;��s� .a'��r��ztr�---Q*�_L int?*?�t. iender sha19 n°t be rec�uired to
<br /> :;r:..,..�: ���i�dingy agaiast any successor in inteirst or refuse to extead dme for payment or othenv�se moc�i.ffy amordzadon
<br /> � •- - of the sums seaured by this SecurIty Inslsument by reason of auy demnnd made by the orlginal �3anazvei or 9�rrower's
<br /> ----�� s�ccessora in interest.Any fotbearance by Lender in exercising any right or remedy sha11 not be a wniver of or preclude the
<br /> -- eaeicise of any righi ar nmedy.
<br />�— gZ. guccessors and Assi�ns Bound; Joint s►nd Several I.IAbUftyi Co�si�uers• Tde cavenants and agreements of this
<br /> —_—= Security Insuument shall bind and benefit thr, succe�ors end assigns of Len4er and Borrower, subject to the provisionv of
<br /> ---- paragraph 17. Bnrrowe�'s covenants and agrcements shall be joint and scweral. Any Boaower wbo w-slgns this SecuritY
<br /> --- Inssmment but does not execute tLe IoTote: (a) is co-siBninB this 3ecurity Instiument only to moKgage� gmnt and coavey that
<br /> �__� gorrower's interest in the Property under tl�e tettns of this Security Instnunent; (b)is not personally obligatal to pay the sums
<br /> secuced by tl�ia Sxurlty Instiument;and(e)agrees tLat L.ender nnd any ather Borcower may agca to exterd, modify.
<br /> forlx.�r or
<br /> malce aay sccommodadoas with regarci ro ehe tezms of tWs Security Iastaum�nc or the Note without that Dorrower's cons=nt.
<br /> 13.Lo�n ChArres.If the low secuced by tlus Security Iasuument is subject to a law whlch sets maximum loaa c1�arBes.
<br /> and that lAw is flnwUy intecpnted so t]�t the interest or other loaa charges collected or to be collectod in connecdon with the
<br /> loan exaed t}�pc�euitted limits� then:(a)auy such loan charge s1�U be ceduced by the amount necessary to re�lucr,the chatge
<br /> W the pem�itted linnit;and(b)any sums alreaay wllected fcc�m Borrower wtuch exceedal pamitcal l[mits will b�ref�ded tn
<br /> Borrower. L.ender may choose to maice this refand by ralucing the priuciPal owed undea the Note or by maldng a direct
<br /> PaYmen't tn Bontower. If a refund reduces prin�ipal, tho nduction will be ueated as a putinl PnP�Yment we�.fiout any
<br /> pnpapment cl�arge undzr the Note.
<br /> � 14.Nottces.�1ny no4ice ln Borrowcr prov.icled for in this Securfty Insttument sl�all be givcn Q�q ateliveriug it or by n�ailia+,�.
<br /> it by first class mail unless applicable law�equins use of another metha�. The notice sha11 be dlrected to the Property Address
<br /> "— or any othcr a�ldress Borcower desigoates by notice eo Leflder. Any mtice co L.ender shall Ix given by first cluss mail to
<br /> — Lender's address stated hereln or any other address Lender desi�nates by uodce to 8�rrower. Any notice provided for in this
<br /> -------� Securiry Ir�smument shall be dcemal to have been given to Bonower os l.xnder when givan as provbs�ed in�his pan:graPh.
<br /> _=- -��j 15.Go�er�3n� La�w; SeveixbiAty. '14,is Sxeuity Iusuumem �hn11 be governed Uy fedPx�l ]nw and the lacv of tLe � -
<br /> ""' —= urisdicdon in which tU.e Property i� located• In tl�e evsnt Shat any ptovision or clause of this S�izy Insmvmens or tiie Nota
<br /> � _� �
<br /> __��:���;.��� wnfltcts with apPlicable lav+.�ch conflict shall uot a.+`��:a�JG�er pmvisions of this Security Instmm�ent or the T3mS�wluch can bo
<br /> s��;.;��'� given effect without the canflict+ng pmvision, Ta t�.�s cra:o�is provlsions of tlris Security Instrum�nt and tbe rJr�2e:ir�.dc�lared
<br /> ��y;��
<br /> -- to b�sevcrab:e. w
<br /> ---=.iJ±t��:`:i r •!
<br /> _ _u:,,,--u� 16.Borrower's Copy.Bormwer sSzallll Ge given one conformecl c:a�y vf the Note az�cl of tUis 5c,,^uei Inswmeat.
<br /> =`sa?��;'• FormH028 0
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