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<br /> _ • ` acad�ertakin8 of anY Fw of ihe Prt'P�'•ocfor caavey�xe in lieu of ca�denu�tiui�:ac�e heKby msip�d a�d '
<br /> spl�wl:endet. ads sdafl be lied ta the sums se4'�ed by this Secu�itY `,
<br /> • In itu cvenc of a tdal tatdng of the Froperty.t�he proc �pP �
<br /> � Instrun�ent,wh�tha�or�wt tl�ert�e.with u►Y ekeess Paid tv Bartbwa. [n the eveai of a p:utiat talcing of the Pmperty�n
<br /> � ' which tha fur muicec value of thc PmpenY im�tet�befnrc the taking is equaf to a�ter tl�n the amcx��t of the sums _
<br /> sauned by shis Sa�uric!'L�u�nE immediateiy before the taking.unkss Barowu and l.ehder atherwi.se agree in writi�8. ,
<br /> . - �s�s s�r�by fhis-Se�itlr tnswment shall Ae�by,tLe amounc.of the progeeds mWtiplied hy d�e folto�ving.
<br /> 6actiao: (a)the total amount of the sums secu�+ed irrtmediuety 6efore the taFi[ig.diy�ed 6y(b1 the f3ir marfcet value of tha .
<br /> �� property innnediately ixfore the taking. Any balu�ce sfap be paid to BoRawer. Trt tt�e event of a partial pking•of the
<br /> PropertY in vrbich We fair m�t vaiue of ehe Property imnxdiacely ixfare the takirtg u less than the anxwnt of dse sums
<br /> ���mmediau(y 6efp�the talcing.nntess Bamwer and Lender otl�envise agree m v►�riting or unkss applic�ble law
<br /> othawise pmvides.the P�oceeds sl�al!bc applied ta the sums secured 6y ttus Security Inswment whedrer s�r fiei the sums ue
<br /> dxa duc. . .
<br /> ` If the PropenY is al�rda�by Bortawer a if,after r�tice by Lender to Borrower that the condemnor offers to rii4ke �
<br /> an nwud a settte s ctaim far dainages.Barower fails to tespond to I.ender within 30 days afcer the date the notice is giveR.
<br /> L.ender is authorized w coUect and appty the procads,at its optiot�,either to restoration or mpair of 1he Property�o4 to th�
<br /> snms secund by this Security In�ttumen�whether or nat tben d�. �cation af to nci 1 Sitatl ant extend ar
<br /> Un6ess Lender and Bamwer otlxtwise agcce in writittg.any appl" P�� 1m Pa •
<br /> postpone the due d�e of thr monthlY payments tefetsed to uf�rrgaphs t�d 2 or d�ange the amau�t af such payments.
<br /> ' lL Barrv�rer Not Rekastdi Focbearance By I.e�ckr Not s Waiver. Entension of the time for payment or
<br /> mofifcaoioa of amorti�ation of the sams secuKd 6y tltis Security Instsument granted by Lender to aay successor in interest
<br /> � ' of Ba�-�s�r-v stral� �at opetate to�rkase the liabilitY o�dx ong�ttal Bomuwer or Borrower's successas in intenesG T.bnder
<br /> ��•b��ui�e�w�ommenc�piocoalings against any successor in interest or refuse to eatend time foc payrtknt or
<br /> adferwise matifjr�i�a�tioa of the sams sec�md by this Security Insaument by ieason of any demand made by the orig�nal .
<br /> ' gor�oWer or Boaas-er�suceessors in inteTest. Any forbearance by Lender�r:exercising su�y right or rnrredy shaU not be a
<br /> - waiva of or pnctude the eae�i.s�of any right or nmedy. � �� ' �s of this
<br />-"� 12. S���cs sind A.�s�wnd;Joint and Sevtra!Lis�6ility;Co-s�s..The coaenants and agrer�t�en. .
<br />- • Security Instiumemshali 6ind aad benefit the successors and assigns of Lead�"aa�3 Bo?rower.subject to the prav�sions oP
<br /> �, �agraph 17.Bc�?aei c covenants and agr�mems st�aff be jQit�arn!sevet�.�m&�sower w'ho ca-sipu ttus Security -
<br /> - •- -tnstru�nent ba[da�;�M execute ihe Note: (a>is casignissg-thi.4 SeCU:ity tns�tmtestF onl�to mort�age.grant_aad canvey that
<br /> goROwer�inic�st�!he Property ander the[erms of th'ss Securiry[nstrumen� (bx is not personally obligated to pay the sums .
<br /> `�,� secured by this Security iastcument;and(c)agrees ihat I.ender and any ot6erfi3csnower may apee to eze�d.madify.farbear
<br /> - ar malce any xcommodatians with regard to the terms of this Security fiswment or the Note wit6out that Borrower's
<br /> "� ca4sen� . . .
<br />'ri-#i- 13, i,aw Cawrges. If tlie toan secured by d�s��c Security lnstcumesn:is sub,iect to a taw which seu maximurn��an
<br /> charges.and th�Q�is finally interpreted so that the interest or other toam ci�arges colleaed or to be eaAected in cont�ection
<br />- w,;th the�oan exo�l i.'��pem�itted limits,then: (a)any such loan charge shatl be redaced by the amount necessary to seduce
<br /> tIu chargc to the permiitefi Tani�and(b)any surr�s atready coitected from Boisi�wer which exceeded pertnitte4 lim�ts will be
<br /> tefunded to BorroweF;'l.:ennsler may choose ta make this refund by reducing the principal owed uncler the Note ar by making a
<br /> e
<br /> direct payment to$arrower. if a mfund reduces principal.the reductian��'Il 6e treateci as a partial prepayment without any
<br /> - pr�epayment charge under the Note.
<br /> 14. NoNces �ny notire to Borrowcr pmvided for in this Security tastrument shall be given by delivering it or by
<br /> _ mailing it by fint stass mail untess applicabfe law requires use of anather methcxt.The notice shall be directed to the Property
<br /> Addr�s or any other address Borrower designates by notice tn L.cnder. Any notice to Lender shall be given by fint class
<br /> mai{to l.ender�address stated herein or any ather address Lender designates by naticc ta Borrower. Any notice provided for
<br /> ..•�� in t6is Securiry tnstrument shall 6e deemed to hAVe becn gi�en to Barrowcr or Lender when giveo as pravided in this
<br /> _ paragrapb. � _
<br /> 15. Governi'ng Law;Severability. This Security Instnrment.halt be govemed hy fedcral I:�w and the law of the .
<br /> jurisdiction in which the Property is located. In the event that any�rovi�iaR or clause af this Secucity[nctcument or the Note
<br /> ' eontlicts with applieable law.sach canflict shail nat affect other pras�sian�of this 5ecurity Instn�mens or the Note which ean
<br /> :.;-:, . be given effect without lhe oa:��icting provision. To thic end the pcovi4iom ni'thiti Security Instn,*ment and the Note are
<br /> ' ' declared to be severabte.
<br /> -�:�• � ld. Borrower's Copy. Boaowec shap be given ane c�nformed copy of 4he hoce and nf this Scc�.irity Instrumene.
<br />`"�,,�± »� 'ly�an�ol tl�e property or A Beneticial lnterest in Bnrrower if afl or any part af the�roperty ar any intcrest in
<br /> 'f�, '` it is sold or transf�rsed(or if a bene�icial interest in Barcawer is�old ar�ran�fcrred and Borrowe�is rs�t a naturnl penon)�
<br />'. 5.�
<br /> without Lender's prior wtitten can.cem.Lender may.ut itw option.require�fimealiate payment in full of all'sums hecured by
<br />' " this Security lnsuument. Nowever.�his aplion shall not be exerci�ed by Lender if exereise is prahiblted by federnl law ac of
<br /> the date oi thiw Securiry lnstrumen�
<br /> � (f Lender exetcises thl�aption.Lender shall give Borrawer notice of ncccleration. 'fhe natice chall provide a period of
<br /> �:"���� - - not tess than 30 Ca�s from the date the nvtiicc i.3ziiLer.:.Z o:.s�::it::t•::i:lsitt u•hich S<:c[a!t�c!_^_'tt!s!p�!}�:+�lG+fnm et�eote�[I hy thiti
<br /> `� Sccurity Instrurnr:a. If Horrowcr f:�its ta pay these�ams prior w�hc cxpir:+tinn nf�hi� pericxi.L�W�r may invake any
<br /> . remedies permir�by this Seeurity lmtrumem withnut funhcr noticc nr demand nn Borro�ver.
<br /> � 1�, Borrotver's Rig,Mt to Reinstate. If Horrawer mceta cert�in canditionti. Bortower�hall have.lhe ri�hc [o have
<br /> • enfarcemem af t'�:s Security 7n�trument discontinucd�t any timc priur to Ihe carlicr uf': 1�)5 d:�y�(or iuch other[xt"rod a:+
<br /> ,:�,
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