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<br /> . payments niay uo lat�er he mqtdee�l, ttt dte nption of I.ender,if mongage ii�.sunucce cuvereBe(in die a�nuunt und for the period
<br /> tbst Ixnder requires) pruvided Poy nn iitisurer HPproveQ hy l.etxler again becomcs iivxil:►hle and iw obtii'rued. Dnnower slixll pay
<br /> ti�e premiunis required m maintnin mortguge insutence in effect,or ta Nrovide n loss rescrve,uutil the requirement for niartgage •
<br /> intiura»ce ends in accarda►xe wid�any written Agreement i�tween Borrower uixllxnd�r or Hpplicuble law.
<br /> 9. Inspectlon. I.tnder or itN ageut mey make rcaso�wblc ent�ies upon �ind inspecdons of d�e Pr��perty. Ixnder shall give
<br /> B�l'CUWCI'pl1UCC ii�IIIC lll11C l)�UY E]liOP IU!ip IIIS�"'M�'C[lOf►6i�Cl�ylllb idfiSUllli{i�6 CNLitiC EDi[�IC Iqti}li:�1I011.
<br /> . 10. (:ondemnatlon. 'fhe proa�eds af auy award ar claim for dwnages, dtrect or consequential, iu coiinection witt� suiy
<br /> �;a, condem»ation or other tak3ng uf any part of the Prugerty,or for conveyance in lieu of conciemik�don, are hereby nsslgned c{nd
<br /> ,�,,,�,,,,• sl�all be patd to l.ender.
<br /> In the event of a total taking of the Property,die proceeds sh,�tll he applied tcr the sunis secured by tl�ia Se~:urity Instrument,
<br /> whetuar or not then due, wltL auy excess paid ro Bonower. ln the event of a partial txking of tt�e Property in whidi die fnir
<br /> mnrkct vnlue of thc Property lnuuedlarely before d�c takiug la equal to or greater thun the atuaunt of the sums s�curcd by this
<br /> Securiry insuuraeat imnudlately before the mking,unless Barrower and Lender otherwise agree in writing,the sums secured by `"
<br /> � thls Security lastnuuent sh�ll be reduced by the amaunt af the proceeds raultiplied by die follawins fracdon: (�) the total -•?�r_
<br /> , nn�aunt of the sums secured immediately before the taking, divided by (b) the fair market value of die Praperty tmmiediately .-_-
<br /> before tiie taking. Any balance shall be �sid to Borrower. In the eveat uf a partial taking af the Property in whici� the falr �-_
<br /> market value of the Property immediately before the taldng is less than the amount of the sums secured immedictely before the
<br /> taking,ualess Bonower aad I.ender othenvlse agrec in wrldag or uuless applIcable law othenvise provides, the proceeds chall --
<br /> � b�applied to tLe sums secured by this Securiry Insuvmeut whether or uot the sums are tl�en dae. - -
<br /> If the Property is abandoaed by Horrower.ar if.after naace by I.ender to Borrower that the condemnor offers to make nn --
<br /> . award or setde a claim for damages. Borrower fails to respoad to Ixnder withip 30 days after the date the nodcc is given, -=
<br /> Lencier is authoriud to collect anci apply the proceeds,at its apdon.eltUer to restoradon or repair of the Property or ta the sums _
<br /> • secuned by tlris Security Instru�ment,whether or not then due. ��_
<br /> Unless Lender and Bonower otherwise agree iu wridng, any applicadon of proceeds to priacipal shall not eatend or 'i`
<br /> postpone the due date of the monthly payments refernd to in paragraphs 1 and 2 or change rhe amount of such payments. -_
<br /> • 11. Borrower Not Released;Farbearence By.Lender Nol�a Wafvd�.Bxtenslon of the dme for paywent or moditicadon
<br /> . ��� of amortizadon of the sums secw�ed by this Security lashument granted by L.ender to any sacc�sor in interest of Borro Ner shall >.°-
<br /> � '����'' � nat operate to release the liability of t2►e origlnal Borrower or Borrower's successore in iaterest. Lender shall not be requlred W `
<br />- �.l'<'.' :
<br /> �. commen�e rocee s a ainst an suocessor bn interest or refuse to extend tLne for payment or othe�vsdse modify amordzation �:.-
<br /> - � P �S 8 Y _ _ c:;
<br /> • of the sums sxnired by this Security Insttumeut by reason ot any detnanu made dy the originai �onower or ttorrower's =
<br />-� .. . successors in lnterest. Any forbearance by Lender in exercising any right or remedy shall vot be a waiver of or preclade the =-
<br />,;.'`.�,, . . exercise of any right or remedy.
<br /> 7��.�X�.: ,
<br />-:-�-+.;,.�; � iZ. S�cessore nnnd Assl� Bound;Joint end Sa.�ral L.tabUfty; Co-sl��us. The covenants and agreements of this -
<br /> u��`��" Security Insuument s h a l l b i n d a n d b ene fit t he successors a n d assigns o f L e a der a n d Borrower, su b ject to t he pro v isions o F
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<br />�-�`����'"' h 17. Bocmwer's wvenants and agreements shall be 'oint and several. An Bormwer who casi this Sec�ui
<br /> �__,;;�,�. P�B�P J Y 8� �}
<br /> —'t��� Inst�ument but daes not execute the Note: (a) is co-signing this Security Insuument only to mortgage,graat and convey tl�t
<br />.,.;�;,5,f..r. '
<br /> • t�r� Borrower s lnterest in the Pmpeny under the terms of WIs Security Insmimenh,(b)is not personally obligated to pay the sums
<br /> °`�'`�'-�`-���� � secured by this Securlty Inswment;sud(c)ag[+ees that Lender and any other Horrower may agree to extend,modify,foifiear or
<br /> =:_�:t�� make any accommodadons wIth regard to the term.s of tl�is Security Iashvment or tlie Note without tLat Borrower's consent.
<br /> ,��
<br /> ., 13. Loan CtwrQcs.If the loan secumd by this Securlty Instcument is subject to a law wlrich sets maaimum loan chatges,
<br />-- -- . and Wat law is finally interpreted so that the interest or od►er loan cLarges collected or to be collected in cannection with the
<br /> -.""°`�'•� loan exceecl the penuiuecl limits. then: (a)auy sueh loan charge shall be redueecl by the amount necessary to r�duee the eharge =-
<br /> -�''�`°� to the perraitted limit;usl(b)any s�lras already collected from Borrower wlilch exceeded permitteci limlts wi116e refunded to -
<br /> :-,a.� -
<br /> ---=_ - Borrower. I.ender may choose to make this ref�ncl by reducing the principal owed under the Note or by maldng a iliRect --
<br /> =°;��"! a ent to Borrowez. If a refwid reduces rinci al, the reducdon wilt be treated as a artial pregayment without an "
<br /> T-_,,. k Ym P P P Y
<br /> ---:_� prtpayment charge ander ehe Note.
<br /> 14.Notices.Any noflce to Borrower providetl fos in t�is Securlty TaSmm�ent stiall be given by deliverlt�it or by mailing
<br /> =='�=°-'�'� it by tast class mail unless applicable law ra�uires use of unot�er method.The nodce s�all be directed ro the Property Address _
<br /> :;� or any other addnss Borrower deslgnates by nodce to I.end�r. Any nodce to Lender siiall be givea by first class mail to �
<br /> =?�'� Lender's address stated herein or any other addrrss Lender desi�ates by notice to Bonower. Any nodce provided for in tbis --
<br /> -'���� Security Insm�ment sl�all be deemed to have been given to Bonower or L,ender wLen given as provided in tbis paragrnph. -_
<br /> -;r�-�J 15. Goveming Lxw; Severabllity. This Secf.uity Instnrment sball be govemed by federal law und the law of tl�e �;:8=
<br /> -_;;",�?M:='- ' jurisdiciian in which the Property is located. In the event that nny pmvision or clavse of this Security Inctrument or the Note �°�=;
<br /> '- �'�'_" '� wnflicts wlth applicable luw,such conflict shall uot afifect other provislons of this Security Instniment or the Note wlrich can be ��°--
<br /> =�}!rv•';;'''' given effect wlthout the coMicting pmvislon. To WIs end the provlslons of this Sxuriry instnunent and the Note are declared F:���°:
<br />- ` to be severable. - -
<br /> '� ''� � 16. Bonovver's Copy.Borrnwer stjall be given one conformed copy of the Note and of t1US Securiry Insuument. -
<br />'`'��'�,�:.�,: -
<br /> Form 3028 9/00 =
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