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<br /> ' �� ur a�her wkin i►i'w► urt ui�hc F'�rapeny.�x far cmveyun�r in licu of c��icmnadun.urc hcreby uYri�ixd w�d
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<br /> -�'``' '# rFwll tx paici tu Lendcr.
<br /> In Ihr event of u uNUI I�kbg of the P�openy. �hc pra�eed� ,hall he applicd ta �he ,umw u.wurnd by �hir Secu�ily
<br /> --, In�inunent,whe�her or nnt ihen due.wfth any cx���.{�aid t�� BarmWer. In�he evcn�of u punial ta{;ing af Ihc Pn►prhy in
<br /> �', which Ihe tair market v�lue uf Ihe Prc►pehy immediutely�Ixiore the tuling is ryu•rl�u ur Erculer ihan�hc umounl of�he+ums
<br /> '�`= ++ecurrd by Ihix Sauriry In�tnimcnt immcdiately befarc the iul;ing, unkxti B��rn�wer uixl Lcndrr oiherwiK ugRC in wri�inR.
<br /> ihr�um�.ecured by thiti Securiiy Imtrument shall t�reducecl by �he um��unt af ihc pnxeed.mulliplird by Ihe foUowing
<br /> :.^r f'raction: lul�he IcNal unwuM ai(ihe�um�recured immediuiely hefi►n:th�:tu{:ing,divided hy lbl thr fnir murkel vulue of ihe ��-
<br /> •°^ �* Prnpeny immediutely t+efore tlx tuking. Any Malunce �bull he puiJ�u Bom�wer. In�he eveni uf u paAiul lu{�ing oi Ihc _
<br /> �,,.. ' Pmpeny in which�he fafr market �alue of�he Pm{+rAy immcdiu�ely l�ti�m tik�uF,ing i+.lerti �hun Ihc um��un���f�he.um�
<br /> —T:` - .ctiured immediately Ixfore ttx luking, unle�� Bamawer und Lender othcrwi+�c agrrr in writing ur unlc,. upplicublc luw
<br /> -°'=�`�%�Y o�henvine pmvi�les.�he pmceedsshull be applicd wtira wm�K'cwed by�hix Sc�:uri���In�lnimrm whe�her or nm�he.um+�urc �_
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<br /> ti�n due. °—
<br /> ��'` 'f°` ' If'the Prvpeny ir:ubanduned bY B�rcower.�x if.s�ee iwti�r!►y Lender�o Surrc�wrr�hu�the ronckmmx offer.t�muke
<br /> - --�=—�v� =_�� on�ward a tie111e u cluim fbr alan�s.B�xn►wer faet�to�rsporkl t.r L�nJer wiihin�11 duy�•rfter the d:�te th�:nc�tice is given. �y
<br /> �--�"'�";.'�°';".�. '.� Lender is uuthorized to collect�+n c i a��Q ty t t x:p�u c e e d s.;u e t�o}x w+�.either�a rc,�orutian�x�ti-p:+ir of ttoe P4upeny o�to�he �:`'
<br /> .�,,,,,_ ,�`;Nw,„.:,:.:� swns se.�c�ed Dy thi�Sccurity lmtawnenG whether o+r nvt then ciue. _�
<br /> Unle�c,Lcnder�uxl Bw�aM�er otlretwik ugree io wd�ing. uny upplicutinn uf pn►t�tict+�o ptirt�ip:��hall n��t extend��r
<br /> —,`•'`.,'� ��. postpone the due date of the n�onth{y payment�refemec!t��in parug�.�phz I und 2 i�r chungc thr:unount of�uch p�ymcnth. �:_':
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<br /> --,.rum y�'-.,� 1�. �rop�y, Na �: F�� BY I.ender Not a Ws�i�•er. Extea��vn ot�he time f�x pnyment or ■�r;,;...;.
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<br /> --=r?-�r�'�� modiPication of anwnizatiun cii'�he wm�sc�:w�e�cl by this Securiry Inurument grunted by Lencier to:uiy,urc�e.�or in interrst •:
<br /> --��,i�„i�,;,,�•: vf go�towcr�.lul!rx�e operntc to releu�Qk:liability uf the original Bormwcr or B�xn►weri tiwcr.�cx+in intcre,t. Lender ��_!.
<br /> - -"'A'y'.:., sh�ll not be reyuintil to comrnence p►oceedings agaiml uny +ucce+wr in intere.�or �tfu+c tu rxtcixi timc IiK µ�yu�n¢o�'
<br /> --`;- ':'-- otMervrise maiit'y umoniz:.tion oi ttie sums.eru�ri by this Securiry In��rument by rea..►n ul':u�y JemanJ m:►ck by ihr wi�inal �; ,•
<br /> -=_�r��.;_.•M1:�;��',• Batz►w•er ar�orn�eart,�xcesson in inte�r.�. An��forhe:uunce by Lender in rxeni.ing:my right ar nnmdy xhall na be a �j��;
<br /> -__� — waiver c�or preclude the�zercise of;an�right o�n�medy. -�',-'
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<br /> ��4,1� a , , IZ. yucc��d As.Si�as Bouad:.9dnt and Several l.lability:Co-sigaers. '1�;r�*venants and ugreement.oY thi+ -
<br /> �:=.Y7��'-�++;�.+��.'� Sccurity In��rument+hall bind uixi l+eneiit the,ucre++on su�d u,tiign�of Leixle�:uKl&xn>��-�r.subject to the provi�iom at' _
<br /> = n� ' .,``: puru8rnph 17. Borrow�er� covenants anJ agreemeM� shall br jaint und�eYeral. An� Bocn►���er who rn-�ign.tbi� Srcu�it} �'�
<br /> "�='�~ "`"�`��.' In�trumem bm does not execute the Nae: �a1 is a�-�igning�his Secumy In.tcumrnt unly ta monguge.Frant:md runvey thaa
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<br /> :''� Borrower s imcm.t in�he Propeny unikr thr tecm•ut'thi�Se�:uriq•In.wm��nt; �M►is nrn pe�u�nally oblig•rted to p•ry the,um+
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<br /> �:_... i+c�• �;�' ,. . xecured by thi�Security Inxlrumeat::uw11c1 agr�e��Ihat Lender wid uny exlxr Rurmwer muy ugree to extenJ.mc�ify.forbeur �_
<br /> '"� , >'�-..• ix make sm w:commodcuiom with �e ;rd �o the term�uf th�s 5cK:urit In.uument or Ihc NMc without thut Bormw•er: --
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<br /> ;w���_nc�rssm�rtt,:.._ catvZnt.
<br /> _� ���f�;,,,..y;,�q; - 13. Loan Ciw�es. ii��hr ivac�.c:w.ti� �i :.`•is S�tiusii�lst,tn+ment +• ����+��� �� u luw which ,et�mriximum loan __
<br /> ;�'.�i,�,• ; �,. • • churges,and that law is Gnally inlerpret�d�:a et►at ttw interest or other luun chorge�rnllecteJ or to tx rollected in connection
<br /> J• '� � ''• � with Ihe loan exceeJ the permiued limits,then: lal uny�uch loun chu�Fe+hull tw reduced hy the amuunt nrce,.ury to reducr „ .
<br />:����'.�t+;. � � � the churge w�he penniued limil; :uu11b1 uny xum.ulr�udy collected from Barmwcr which exceeded permitted limit,will be �'::-
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<br /> refunded la Borrower. l.ender may chrw,e to m�ike�hi+nfunJ hy reJucin�ihc principul m��cd under�he No�r or by mukin�a
<br /> �-- `��,.�''.�� dinect payment to Bortower. If c�rcYu�d reduc��principal.thc reduction will Ix�I�ru�ed:►�a paniul prepayment�vithout unp
<br />�'' �• �� ��;r ;�,,r���,: � prepnyment charEe unJer the Notc. -- -
<br /> ,.,: .;...} ., " :,'';,;,.;;`.;;� 14. Nutkes. Any notice t��[ic►rcower p�ovideJ ti�r in thi. S��urity In.inimen� .hull he given hy delivering it or by .,�.y.
<br /> .,':;':s, � ; .. �':�; , moiling ii by firn�clu.,m:�il unle.ti upplicoblc luw rcquiR.utir uf unuiher method.Thc notice�hall he directed�o�hc Pn�penY
<br /> :.• � ' `,�ji;�e�� `: Address ar any other uddresti B�tro�ver dezlgnatc�by natice to l_rnJe�. Any no�ire u�Lrnder.hull I�r gi��n by tin�rlu+,
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<br /> , �,: �,•,+:':;,'.��. muil to Lendrr:uJdrc.s�tutcd herein or un}•aihcr udd►e..Lrnder dc,i•nalc.h��noiicc iu Normµ•re Any noticr pmviJed 1'ur r
<br /> � ; ;";, , ,��Z!�'!'�;��k��.:• in this Securily Imuvment .h�ll be dccmcd to huve been given N�Bom�wrr or Lendcr when givrn us pnn•ided in Ihi. �`'�;,
<br />'�;,.':;,;• " ' "....�� P���Ph• ��,`.
<br /> ',,''�,`. • ^ I3. Governln� LAw; tie�•erabllity. This Sccurity Imtrumem .holl he govcrnrd by frderal lu��•:ind thc la�v uf the �=ti:-
<br /> . .. ..,•, '•''�r ' . . �: jurisdic�i��n in which the f�upeny i, locuted. In�he even�ihat uny pmvi�ion��r�luu+e oi'thi+Sccurily Intiirumenl or�he Note �;
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<br /> � , .R ,�'. . .f• contlicts with upplicuble law.,uch contlirt.rhull ni�t affect��thrr pruvi,ion.��T thi.Srrurit�•In.uumrnt or ihr Nute�vhich ran �_�
<br /> - ���' ' ' � be Fiven effiwt withuu�the contlic�in�t pruvi,ion. To�his rnd the pnwi�ian+ot'�hi.S��.urity In.trument und �he Note ure _,
<br /> •;T� `�� '�'� declarcd to t�,cvcrahle. -�-
<br /> `�,.r.• ',.rr.. , � � 16. Borrower's Copy. Burm��•er,hul)Ix given onc runfomicJ rupy�►f'thr N�►tc and oi�Ihi�Snuriry In.�rumenl. .�-::
<br /> " ' ''�" �' •� l7. 7lransPer oi Ihe Property ur u Beneficial lnterest in Barru�+•er. If�dl or any part ut Ihe Pni[krtY or:my intere.�in _
<br /> ;�;;��: • �,.,:,.vs:,:-_o, it iti xold or tr.►nsfern�l(ur if a txnrticiul inlcrn+t in Born�����r i.udd or tr:msferrrJ:uid Burru�«r ir not a n:�tur�l pen��nl
<br /> , . without Lender's priur writt�n ran+ent.Lrndrr may.at ii,��ption.n�yuirc imm�Jia�c puymenl in i'ull��f all wm,.rcumd by �..._y
<br /> = !`. ' ��°� .:"``:'`'. � this Securiry Imtniment. Huu•ever,thix option rhull not he exerci�eJ by Lr�xlrr il e�ercitir i�pn�hibited by Icderal Inw u.ol' —
<br /> f'��;'t.,..�r: .'�`��;; •." � the date uf�hi.Serurity In+trumenl. ���
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<br /> ,.",�,•;. ''` ..1�:,., . If Lendcr exercisc�. ihi�option.Lrndcr.hull�ive Burru�ccr nairr�►f�icceleru�ii,n. Thr notice,hall provide a�xri.xl ot'
<br /> ";3��. ,�;., :''•5' , ' not le.�ihun 30 duyti fmrn ihe dute the notice i.delivereJ or mailrJ within which Bi,m►wer mu+�pay all.um.•�.und h���hi.
<br /> ' � `,�t~ :.;" Security Inztrument. If Borro�ver fuil�t��pu�� Ihr�c �um� prior tn the rrpirauim ul Ihi, {�rial. Lender m�y im•okr any
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<br /> �. , ,� .',; <.r.t,:•:,�:�}�, • remedies�xrmitteJ by�h iti S�uri��• In.lrument without Ibhhrr m�ticc ur Jem:md un Hom���•c�.
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<br /> �',. , },.dk;.r;. . IS. Borrower s Righl to Reinstatc. II'Bnrru�a�r mcr�. rcnuin randni��n,. Rom���rr•hutl ha�•c ihr right �u hav�
<br /> � � . �!� r..{�':'rt��,µs:•;'�1.,::.. eniarcemrnt ot'this Security In.trurncm di,r„n�inucd al am timr prii�r i��thr r:irlirr��I: 1:�1 5 duy.I��r.urh�►ihrr�ri�xl a� �•
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