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<br /> � '93�� sos�02 �
<br /> c�ndtmu�ation or other u�Cln�of�ny p�t of Ihe PropoKy�ur tar conveyanca in lieu of candannMtion.are ha�eby u�i�ned rnd
<br /> �tWl6e p�id to�l.ender.
<br /> fn Ihe avent of� tat�l taking af tha Prapaty,tho p�o�eeds �II be npplicd w the wmr cecured by �bia Securiry
<br /> Instrumenti whelher ar not Ihrn due,with�ny qzcess p�id to Bbrrower. In the event oP�p�ueid trking of tha Prnpe�ty in
<br /> which the feir muket v�lue of�he Property lmmedi�tely befo�Ihe taking iR equ�l to or g�eater tFuin Ihe�rt�auM of the sums
<br /> securcd by this Seru�ity ln�ume�tt immedlptely 6efa+o�he taking,unkss Ibrrawer�ad L,endcr otherwise agree in writin�.
<br /> �he eums socurod by�his 3ocudty[ncuument�11 be Kducxd by Ihe amount of�ho proceeds multiplied by �he folbwing ,
<br /> fractfon: (a)�ho toal Amount of thc sumc cocured immediately bel'arc�he taking,divided by(b)�he fdr market value of�hc
<br /> � T�'� Prope�ty imnxdiatoly bafbre tha taking. My balance rhall be pi+iid to Borrower. In the cveet of a parti�l laking�f the
<br /> Propetty in which the fair merket value of the Propetty immediataly befaro the wking is lesa than�he amount of thc sume
<br /> secwed immediately beforo the taking.uniexs Borrower and lxndcr athenvirc ugrce in writing ur unles.q applicAble law
<br /> othetwise provide�,the procecdR ehall be appliod to thc sumr Recured by IhiA Secudty Inshument wheiher or not�he cumr iuo
<br /> Ihen due.
<br /> - If 1he P�'uperty lr aUtuiJuued by Romowcr,ar if,aftcr noticc 6y Lender to Bortowe�that thc conQemnn►oifena to make
<br /> , v���a.._ an award ur settle a cla�m for damages,Borrawer iails to rcspcmd ta Lender within�0 days after the dute the notice is given.
<br /> I..ender is authorized ro collec�und�pply�he proceeda.al its o�tion.either a rcstaa�ion or mpair of the Prapeny or to Ihe
<br /> aums r,ccured by lhis Secwiry In,suument,whether ar not then due.
<br /> Unlass Lender und Borrower aMrwfse ag�ee in writing,any appli�:ation af p�oceeds to pdncipal shall nd exteml or
<br />— {wstpone�he due date of tNe momhl�r payments rcfemed ta in paragraphs I and 2 or change the rnxmnt of such pAyments.
<br /> Il. Bon�o�rer Not RekASed: F�earAnce By Lender Not a Waissr. Fa�tension of the iime for payment or
<br /> modii'icntion of umortization af the sums securcd by this Secu�i�y Insuument graat�ed by Lender to any+uccessar in intete��
<br /> of Barower sholl nat operate to rt�lea.ce�he liabiliry of the ariginul Barower����rrower�s successon in intercst.l.enckr
<br />. shAll not be required w�cu::ar.�ence p�viceedinga against any successor in interest nr refuse�o extend time�f.�r payment or
<br /> otherwise modify amortiea�+�n of the st�ms securcd by this Secudty lontrument b}criL;an of uny demand made by the orfginal
<br /> Borrower or Borrowe�'s surcessors i�i�oterest. Any forbearanre by Lender ia exercising any ri$ht or remedy shall not be u
<br /> walver of or pmclude�he exrrcir,c of uny right or remedy.
<br /> - 12. Successors Aad Asa1Q�s Bound;Jnlnl and Several Liability;Co-signe�rs. The covenants and ugreemen�s of this
<br /> .- Security Insmimenl sha�6 �ind and benefit the successors and a��igns of Lender uae<f Borrower. subjecl to the prrnrisions af
<br />', y� parngmph 17. Borrowerk covenants ond agrcements xhnll be joiot �nd ceverul. �'�ny B�rrower who co-sign:y �his Security
<br /> ;�, ` In�humenl but daes�wt exxcute�he N�n�te: (u)fx co-signing this Security Ins�rument anly to mort�uge,grw�t w�d canvey Ihat
<br />��;� Barow�er:�'snterest in�he Pbopeny uncicr�hc Irnns of Ihis Security Inxtniment; (b)is nat penonally obligo�ed to pay the sumti
<br /> !� secured�+;��hic Security 1o�fiqumem:and(c)agr+ees�hat Lender ond uny ather Bormwer muy ugree to eatend,madify,fnrbaur
<br />''' " °` or make any uccommoal��iohs with regard to Ihe termx of this Securiry Instrument or the Note wllhout �hat Borrower�
<br /> conscnt.
<br />_ 13. l.oan ChArg�. ]f the toun secured by thi+ Security Instrument is subjer� to n luw which r,etti mnas,rnum loara
<br /> _-_ -- — i� --':�T° ehurges.and�hnt iaw i�inuliy iMerpreted so thot ihe inleresl or oihr��iwn dr,ugr,cuilc�:tcd ur tu i►r�vtictii�J c,.:i,i�ne�iiar'i
<br /> ;�"" with the loon exceed the pertnitted limits,then: (u)uny xuch loun charge shall tK reduced by thc amaunt nEcessary to reduce
<br /> � ' M ?+�� '` the charFe to the permitted limit;nnd Ih)any sums ulmady collected from Bormwer which e�c�eecled}�rm3tted limlh will be
<br /> .i•��....
<br /> f ,, ?�'�;:�• tefunded to Bomower. Lender may chcx�se ta muke this refund by reducing the principa)awed uncler the Note or by muking a
<br /> :,,a�;,' c�irut payment to BoROwer. If a refund teducex prinripal,�he rcduction will hc rreated ux o partial pre�s�ymea�l a•i�houc any -
<br /> -`��," .�r=�;;ti�%��-�'�•,� prepny�mrnt cha�e under�he Note.
<br /> �`��`;'h"�� l4. NWkes. Any noiice �a Borrower provided fur in thi� S��curily In�trumrnt shull be given by delivering it or by
<br /> ?�ii�h�f'.�i`;r.w"'1.a�:e'
<br /> _ ,• -. , .. mailing it by first cla�s mall unlexs applicable Ivw reyuims uxe uf unnther me�had.7'he notice shull be directed to the Property
<br /> - n ��,,�;,,-;,,. , Address ar any olhe�addresti Borrower dexignules by notice to Lender. Any notice to Lender xhull be given by fint claxs
<br /> - muil�o L.ender's address stAted hemin or Any othcr uddres.Lenckr dcsignate+by nn�ice to Bormwer. Any notice provided for
<br />=- , „ «,:,�. ,, •... in �his Security Instru�em shall bc dcemed to huvc Ixen given �o Barroayr or 1.cndcr when given as provided in �his
<br />' � . ' ; nr m h
<br /> � �'�%?:�� P �15 Gaverning l.aw:Severability. T'his Securiry Instrumcnl tiFwll lic govemeJ by federrl law anJ �he luw of'1he
<br /> �; , ,,�,��, ju�isdiction in which�he Property i�kicateJ. In�he event th��uny prnvixion or cluu�e of thi�Security Instrumem or the Notr
<br /> .��"�"w`. ..
<br /> ,. , , :"'�� conflicts wiih upplicaLlc luw,tiuch cantlict+haU nat affcct oih.r provisions of�hi�Sccurity Inxtrument or the Note�+�hich can
<br /> .. -�c_• , .• ,:�'?� be given effect withow �he conflicting provision. Tu thix end�he pmvisiom of�hi,Security Instrument und the Nae ar�
<br />-:y !�'^� ' declored Io be xevcrublc.
<br /> ^...e��.':..�
<br /> ' 16. Borrower's Copy. Bom�wcr shuU bc given one contimned copy of thc No�c and of thi�Securiry In�trumen�.
<br /> ; ,. . l7. 71�ansfer of the Property or a Neneficial lnterest in Borruwer. If ull or uny pan of the Pmpeny or uny imeretit in
<br /> '``� ,.,.4_�,. � it is sold or t�nsferred Inr if a lkneficial intcre,t in Bom�wcr i. .old nr trun.fcrrcd anJ Borcawcr is not a nu�urul penan)
<br /> ._, without Lender\�rior wrillen coment, Lendcr muy,ut it�optiun, requirc immrJia�r p•rymcnt in full of vll xums scrured by
<br /> �''`'�" : �' � this Securiry Instrument. However,�his option ahull not bc excrci�ed by LrnJer if exercise is prc�hibited by fedeml luw n..of
<br /> • ' - - �• ' U�e dute of this Securi�y lnxwmem. �
<br /> ..,;:° �
<br /> - k.,- : " If Lender exercises Ihis option.Lcnder xhull�:ive Dormwer notice of accekration. The ix►tice xhull prc+vide a period of
<br /> �' u'� '� ,.. � not Icss�han 30 duys from thc dutc tlx�noticc is dclivcreJ ar muilcd wilhin which Bom►wcr mu.t pay ull xurn+�e�ured by this
<br /> ^��"r �� •� '��.'�'�: Securit Instrument. If Borrower fuils �o u thcu wms rii�r lo thc�r ir+�ti�m of�hi. ricxl. LenJer ma invoke un °
<br /> �':`r '�`' •''.�r'���;�.�. remedies permit�ed by this Securi�y Inx�rument without 1'urth r notire i►r Jem�nd on Borrowe�r.� Y Y _
<br />�b ' -•,�.;,.... � ,'. . .', . l8. Borrower's Right tu Reinstate. If Borcuwer mccl.rrrtuin canditiun+. Bimower �hall have thr right �a huvr ,
<br /> _. � • • .' enforcement of thix Security Insuument di�continurd:u any timr pri�tt lu Ihc rarli�r cit': 1+�1 S days(ur,ta�h oiher pericxl us
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