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<br /> . � � ��.C�4�•The Praeeds Pf any avvani or ciaim�or d�as�ge.s.ditrct or oa�spqua�tial,in co�tion w�h any , <.
<br /> - - ��cr-s�t�es taiung of aaY P����P�3-�`�oi conv�raes�c_ia iieu of�,ul�I�e�X�!B��� ,
<br /> . � sL�ti be,�aidto Leuder: < . ' `�� ' - .
<br /> .• . In tLe tvmc af g rat�taking of ine Propeny,,the prooeeas sf�al►ee 9ppiiaa u►the auns sxvica b�rins searriry .u�ummi,-. . .
<br /> nfidl�cr or not ttsen due.wid�any acoess p�id w Botrc+wer. ln tlr eveat of a�artia!akiag of t6e Propaty in,whic6 tbe fai� �
<br /> ' mu�ms v�due of tf�a pnipe�jr i�a�ately�befcne tfie t�ddfY�is acpat w oc grcate(tmn tLe amoQnt of the stm�sa�ciod by this' .
<br /> � ' �Y��Y befora d�e taltiag,unksx Bormwsr aod I.epderpti�ecwise agn�e ir{wiitiag,tbe s�s secacod by_ � ,
<br /> tliis Socuticy lt�nnem�shall be�duoed bY the amount.of tbe pmcoed�mulEiplied by tbe following fract�; (s).ihe ta�ai . .
<br /> ` ��roourt of tbe s�sa�ured immedi�ety be�one rhe tal�,di�rrided by(b)tbc fair marlcet'vatue Rf��Y�Y.
<br /> befot+e tb�t�g:My b�lana stn11 b�p�d�o Horrower. Tn tbe eveot of a partiai mldng of tlu Pi`opeicy ia.aLich�fair
<br /> . •muket vaiue of�e Piopa�ty u�nediatel}'betmF dte t�8 is Itss ilian thc amamt of tbeF sare�sa�uad wa�tei�r 6efoie tbt � .
<br /> . taltigg,.�BatmweE�d Ie�dcr otherwise a8tet.in writatg or antess applieable_law otLewist pmvides,tbe g�oeeds s6a11�
<br /> be applied w tde swas secuiec!by this Se4a�rity Ics�a�era�rhe�er or not tbe surns ar+e then dne: � '
<br /> If tbe P[opaty-is a6aedoned(�y Bbsrower.or i�a&cr notice by l.ender ta Hormwer tha�thc cordemnor offers to malae an
<br /> - awand or setde a claim for damages,Bormwer t�ils to�w Lender.within 30 days�after Ne date the�tice is given. .
<br /> I.a�der is a�thori�ed co aolle�ct and apQly the prooeWs,a�i1s opeion,eid�er m iestnr�i�or repait of thc Froperty or to tbe suu�
<br /> . • secuced by this Secarilg�.v�lyd�er or not then due. � � . • ' ` � .
<br /> U�ttess Leuder and Borrawer olberwise agree in wtiting. anY ePPlication of ptnc.eeds w principal.shall not extatd or�' •
<br /> — postpone the due date of the monthl�r{�ayments refer[ed to in p�atagrapl�s I aad 2 or i�range the au�wnt of such payments.' '
<br />� 11.Borro�va Not Rdeas�;l�or6e�sauce By i.mdaFNot a Wa[va:Extensian of the dme for payment or modification
<br /> � _ _ of�rion of thc s�a�s aear�e�by this 5e�tsrity inctramem 8ranted by i�ender to aeiy�[aoessor in intenest of B�o�rrower stnl{ �-
<br /> �t operau w celease the liah�iry of the orig'mat Bonowcr ar Borcoaer's saccessols in inte�est.I.ender sLall not be r�quired w
<br /> - counna�ce pnd�edings ag�nst any suoces.gor in i�tterest or tefiue to extend time for payir�ent or otherwLse awdify amorti�ion
<br />-� of the sums socured by titis Security Instmment by teason og arry demand made by the on'gi�l Borrower or Borrower's
<br /> ' su�oessors in interest. My falbear�ce by l.ciuler in exercising aay right or nea�edy shall not be a watrer of or pcsoclade the � _
<br /> , exerrisc of a�ry right or remedy. .
<br /> -_- ` 12.Suoc�ors and A�as$ound;Joiat and Several Lia6iltty:Co�s.The covenants and agrcements of this
<br />__ Secqrity 1nstNt�t sha11 bind and beaefii tLe„suoccsaors and assigns of I.eader and Bc�rcower, subject to the provisions of
<br /> -• p�graph 17. Horrower's covenants and agr+e�a�eMS shall be joint and seversi}. Any Borrc►wer wlw co-signs this Seruri�r ___
<br />=_ - lnstniment but does not execute the Notc: (a)is ccrsigting this Security Insuu�nt on�y to mortgage.grant and comey that .,• � =_ -
<br /> . Borrower's interest in the Property w�der the temLS of this Security Instnutte�n:(b)is not personatly abligated to pay the sums 4-,��-
<br /> secun�d by this Security Instnunent:and(c)agr8es that l.ender and an5 other Borrower may agree to eatend.modify,forbear or �'��'=-
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<br /> . make any acoommodatioctg with regaM to thc tertns of this Security Instrurttent or the Note withoui that Borrower's oonsent. - .=_ _
<br /> 13.Loan�ges.If the!wn secuied by this Security Instru�nt is subject tb a!aw which sets maximum loan charges. .. -
<br /> � and that.law is finaily interpreted so t1�the intere.a or other laan charges wltected or to be coltected'm conntxtion wilh the -�';.:,n�
<br /> ` loan eaoaed the permitted limits.then:(a)a�such toan ctrerge shall be reduced by the ar�um necessary to redace the charge � .',{•-.�:°
<br />= w the permiuod Umit:aad(b)any sums already callected from Borrower which exceedet!permittod limits will be refurtded w . . , �
<br /> - Borroaer. Lyndcr.may�choosc to makc this refu�d by reducins the principal awod under the Note or by making a direct ��j'�
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<br /> - payment to �orrower. 1f a refund reduces p�irnipal. the reduction will be treated as a partial, prepaymeat without any , _
<br /> '� PreDaYmern charge under�he Notc. . . .
<br />" �X l4.HIotbes.Any tatice to Borrower provided for in this Security instrume�tt sha!!be given by delivcring•it or by mailing � � '
<br /> it by firsi class mail�mless applicable law requircw usc af anather methc+d.The natim+haU be directed ta the Property Address
<br /> or ai►y other addres.c Barrawer designutes by natice.to ixnder. Any notice to Lender shall be given by first cia�s mail to ' �"�
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<br /> -�" i.ender's addresc statod herein ur any ather uddre.ss Lender designates by noticse ta Barrawer. Any notic�e provtda!for in thi� ^ �`�"_=
<br /> � ` Security Instrumem sha11 be deemed ta have been given ta Borrawer or Lender when given ati pr�vided in thiti paragraph.
<br />`'� �_� . ' 1S.GoverninR Law: Sererablltty. This Security l�trument shall be gavemed by fedem! law and the !aw of the '
<br /> ��.�., j�ttisdiction in which the Praperty is locutod. M the event that any pmvisiun c�r ciause of 1hi�Security lnstcu�ent or the IVote•
<br /> . '="..�'... cantlictA with applicable law..such piaflict shall M�t aiYect other provisiunx of thix Sec�urity I�.�trument or the Nute which ran be
<br /> ;�� ��` given effixt without the conflicting prov�xion. To this end the pravisIons of this Security lnstru�ncnt and thc Note are declsurd
<br /> ;;:f to be�evera6le. • .
<br /> • � ' 16.Borrower's Copy.Borrawer shuU be given nne confi�rmod mpy Uf thc Natc xnd of tDis Soeurity lnstrument. � '.
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