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<br /> .. -�-�—wr , ..
<br /> . �w�elop ar aleK I�Yky d�y.�wl ot MN�'oMpy a tar oanwywwr M 1Mu d aoadwna�����wd
<br /> wll M Mld lo L�Mt� �
<br /> �e dN wMt d� wai �eklnR d MM P�q�my� IM�.pnx��11 bi MpNIbA w the wda�ecurod by lhli l4ecuritY
<br /> . 'Inanpnint��w1�1wr�nol�i�p dw.wltM my�xcw pa tW a Borrower, ln the avont of�put�d alcins af the Pro�eny in ,
<br /> wMkh�he fiir mulcet v�luo al'the Prap�ttyrlmmwlf��ely befaro tha��kin�ir equRl�o ar 4ro+iter Uun�he amaun�of�Ho wrtu
<br /> �ecutsd by�hl�Sacu�ily In�lrumem immedialoty boforo Ifb Iakin�,unku Borrower�nd l.en�lo�wl�crwiuo eQ�oo In wdtin�, �
<br /> �he wm��ecu�d by�hi�9ecwity Imwtna�t�h�ll be roduced by!be �mount af thoproco�1�mul�iplted by iho followl��
<br /> fractbn: (�)�he��I unount of!he rurtu��ocwed Immodi�loly beforo the takin�,dlvi6ed by(b)U�o f�ir muicc�valuo of ehe
<br /> Propehy (mmedG►toly betoro 1ho Wdn�. My Mlu►ce�11 bo p�ld to Bortowor. ln thc avrnt of a pwtid�of the
<br /> P�opcny io which�he t�ir m�rket v�lue of the Pnaperty immodlaely betoro tha Wcin�i�las�hm�be amount of r�ums
<br /> �ecurod immedi�tely baforo the uikin��unku Barower and L.ender dherwlw�a�nee in wridn�or unku applicable law
<br /> otherwi�a providas,the prooeeda.h�ll bo�ppliod to tho oum�+�ecurod by ihls Sacud�y Impumant whaher ar nal the sunu a�e
<br /> tbat due.
<br /> If Ihe Property is Ab�ndoned by Bomower,or iP.afler notico by L.ender ta Bortower that Ihe condemnar offers to m�k�e
<br /> �n�wud or sepla a cidm for d�magea,Bomnwer fails to roxpand to Lender wlthin 30 deys otter tho dato the nake 1�Rivrn,
<br /> I.e�der ia au�horizal to collect and Apply lhe procaals�at its optia�.eilher to r�stmation or ropak of tho Prnperty or w�he
<br /> wau s4cuad by thi�Socutity Insuumenl,whether ar not then duo.
<br /> Unlesa L,rnder�ad Ba�rower wlterwise agrce in writing.any application of proceeds to pdncip4l shall not ractend a
<br /> postpone the due dqo of the mon�hly pAyments rofemcd w in paro�rnphs 1 and 2 or change the amount of such poymenu.
<br /> 11, g��,q. �Vo� Rd�sed; Ebrbearpnce By L.ender Not �► Wiiver, Extension of the time for payment or
<br /> madificuion of�ano�tGc�don of the sums aocwnd by this Secu�ity uutnune�t g�a�ted by l.ender w any successor io intercst
<br /> of Bonower shwll�ot opaate to rekasc thc li�bility of the otiginwl Banower or Barower�s successors in inurost.L.ender
<br /> aha1�not be requirPd to commence procadings�ga�nst any successor in interest or�efu�e ta ezteod time far payamnt or
<br /> otherwlsc modify�unottizuion of Ux sums secured by this Secudty Instnunent by rcasoa of any demand rn�de by thc origirwl
<br /> Bonower ar Borrowerls successors in inte�est. Any for6earance by I.e�der in exercisin�any ri�irt or remedy siu�ll nat 6e a
<br /> watver of or preclude�he exercise of any right ar reardy.
<br /> 1Z. �u�d Assl�as Bou�I:Jv�at Aad Sevet�l LiAbility;Co-signere. 71�c covenants and agroemetNs of this
<br /> Security InstNment shall bind and bene�it the sucress+o�x and assigos of Lender and Bomower.subject to the provisions oi
<br /> parAgraph l7. Borrower�rovenants and a�meemenas shall be joint and severa0. .Ac�.Borrower who co-signs�his Security -
<br /> lnstrument but does nat���cute Ihe Nde: (a)Is cu-signn�g lhia Securiry Instn.utAe�anly ro moRgage.grant and convey that ,
<br /> Borrowerh inuRSt in dta Amperty under the ternu af ahis Secu�iry tnsuument: (b,D is�no�personully obligated to pny�f�e sums
<br /> ' secured by lhis Security Insuument;a�d ic)agreec�hqt l.ender and ony other B�owir mey ugnee to eatend,modify,forberu
<br /> or make�:u�y uccommodetione with regard to the tcmu of this Security Instn�ment or the Nae wi�hout tiwt Bamwerk
<br /> COIISPM. _:
<br /> 19. I.oun C4a�es. If the lonn secured by 9f�i� Secu�iry Insm�ment �s s�ut+ject to A IAw which sets maximum loan _
<br /> � cha3ges,and thai Uaw ts��natly inre�preted so that tiK intereyi or viber•iv;nti c9wo�,«�..oiic�ted ar to bc c�i��c:in�.��:
<br /> � with t�he toun exceed yhe pem�ined limits,then: (p)arry such loan c0aar�e��1 be redaced by ttie amount oecessury io reduce
<br /> tC�e e'har,g�ta the permitted limit;und(b)any ssuma ulrendy callect��0 irom l�orrowcr which exceeded permitted limitx wlll be
<br /> retunded to Bomower. Lender may choose to make this nefund by reducing the princepal owed under the Not�or by making a
<br /> dtrcct payment to Bortower. If a refund reduces principal.the neduction will be trewted as a partiui pr�epuyment wilhout any
<br /> prcpayment charge under the Note.
<br /> 14. Notices. My nodce to Borruwer provided ior in this Se�:uri�y Instrument shull be given by delivering it or by
<br /> maNing it by firxt clusc mail unless upplicnble luw rewuinex u�c af Anolhe�method.The noticc shnll be directcd to the Prapeny
<br /> Addresa or any other uddress Barower designnte,by noticc to Lender. Any natice lo Lender shall 6e given by firrnt class
<br /> m�ll to l.ender's tKidrcxx s�ated herein or uny ather addrc+.Lender derignutes by notice to Bcxrower. Any notice provided for
<br /> in this Securiry lnstrument ahall bc deemed to bave becn given �a Burrower or Lendcr when given a� provided in this
<br /> - -1�. Governin�Law; Severability. Thia Security Im�n�ment+hnll bc govemed by federul law und the law of the
<br /> judsdietion in which thc Property is Icea�ed. In the evcnt thu�nny provielon or cl��ur�e of thix Security In�:tmment or 1he Note
<br /> contlicts with applicable law,such con0ict xhall not uffect other provixionh of this Security Instn�ment or 1he Note which cun
<br /> bo given effect without the con0icting proviKion. To this end the provisionK of this Security Instrument and the Note are
<br /> declared to lw sevemble. °
<br /> 16. Borrower's Copy. Borrower xhntl be given one conformed copy of�he Note und of this Security Instrument. __
<br /> 17. 7�ansfer of the Property or a BeneficJal lnterest in Borrowcr. If ull or uny psvt of the Propeny or any lnterest in -�
<br />- it is sold or trunsferred(or if a beneficial intere.t in 8orrower i+wlc!or transferred nnd Borrower is not A nn�urnl penson)
<br /> without Lender's prior wrinen consent.Lender may,a�i�s ap�ic►n.�eyuire immrdiate payment in full of oll sums secured by
<br /> this Security Instrument. However.this optian shall raot be ezerri,ed by lxndzr if exercise is prohibited by federal law ac of --
<br /> the date of this Securiry Instrument.
<br /> If Lender eaencises this option,l.ender.h�ll.give 8omower notice of xce7eraiion. The notice sholl provide a periad of
<br />- not Isss than 30 days from the dnte the notice is drlivered or mailed w•ithin wfiich Borrower must pay ull sum+secured by�his
<br />= Secudly Inswment. !f Borrower fail. to pay these sums priar to li�e expiration of thix period. Lender mny invoke any
<br /> remedics permitted by this Securi�y loarument withntu�S'unher ootKe or demand an Borrower. —
<br /> 1& Borrower s Rlght lo Reiastate. If Bot�c+wir mee�ti oen+�n concl�aians, Burrower �hnll hove the righ� to huve
<br />- enfo�rement of this Se�uritti•In�trumen�discominued ut any timc priix to�he�earlier oE 1�1 S dnys lar such Mher pedod us _-
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