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<br /> oona����«n.�u�i��+r o��'a��rn.ar farooavqywo�in�ku d condar�io�.�ro hembY w1�d'�"d
<br /> i.u�.paawu�a«
<br /> 1,+d�e eve�t ot�wr.� �alchy or ihe P�pertY.�P�aoeed��IWI be applba w the aun.ren,rea ey dii�security
<br /> Inwwna+t.wl�eti�a aa1 tAa�due�wkh�ny exoeu id ta Bortower. 1n tba evait of�peutial WciR�d the �
<br /> whlch 1ho f�ir nwkat valUa�f tha PiropoAy immedl�teEy 6efae tho t�kin�ia eqwil to ue�reater t1w�the amount�wms
<br /> �ecurod by�hii Savrlty In�trument immedi�ly befare the Nilcjn��unless Bortawor om�L�ender wherwiee�grec ln w�itin��
<br /> the�taru�ecuired by thi�Secw3ty inahumait�11 be roducad t�y�ha�maunt d theprocaed�mulHplied by tha folbwin�
<br /> froc�ton: (a)tf�e tdal�mount of the wmr secumd immodi�tely lxfqra tha uking,dividod by(b)d�e tair mwket value af d�e
<br /> P�u�CKY imntediately befaro the uklr��. Any iwience sh�U b� pnid w Bortawer. In the event oi a ps�ti�l taking at the
<br /> Pmperty tn which tha fair make[v�lue d the PrApeny immedi�tely 6efom�he aking Is las than�he amau�t of 1he sums
<br /> itocwiod immedfutely bafora tho taking,unkss Bortower and Lendcr othenvise agtoe in writi�g or unias�pplicablo I�w
<br /> athervvi�qovide�tha�procoeda siuill be y�pliod to ihe wms sxurod by thi�Security Inatrument whdfwn or twt tho wma u+e
<br /> tlieti duc.
<br /> If tho Prope�ty is+►handarted by Bo�rower.or if,�fivr natioa by Lender to Bornowcr that tha ca�demnor otTe�s to m�ice
<br /> an�wa�d a acnte a cl�im fw damages.BoROwer f�ila to rospand W l.etKlar wjthin 30 days aRcr the date tho naUce ir givrn.
<br /> I,cnder�autho�izal w collact and apply the procudn.�t itx optlon. eiUtar�o�ecta�tion ur�apair af tha Prnperty ar w�he
<br /> su�sxurod by�his Securi�y lnstrument,wheU�or not thon due.
<br /> Unksa L.ender and Borrower othenvlse agree in writing,any uppl�c+uion of pnocoeds to princfpal shall not extend or
<br /> posytone the due d�te af the momhly payments refertcd to in prragrapl�a� and 2 a chenge tha amount of suc6 paymen�s.
<br /> 11. Burrower Not Reka�ed; Forbearanee By L,ender Nvt � W+iver. Extenstan of �hc tima for payment or '
<br /> modifkubn of ama�ization of 1he aums secured by lhis Secu�ity In�trument granted by Len�ier to any sucoessar in lntemst
<br /> of Borrower shali ncN qperate to releASe�he Ifebiliry of the ariginal Bomower or Horrowerl� successorx in W:cr�e�t. Lender
<br /> �wll nut be requked to cammence pnxeedings agaiase any succeRSOr in intercsc or�efuse to extend tirtrc fuR.payment or
<br /> otherwlse rnoiify unoni�atlon of tha sums securcd by this Security Insuument Dy reason of any demand made b3 the a'�Blnal
<br /> Bamwer ar Hamwcrk succxssorn in intercst. Any farbearAnoe by Lrndcr in cxencising any right or rcmedy sholl not be n
<br /> wafver of or pmlude�he exe�sise of uny right or remedy.
<br /> 12. S�cea6ers and Assi�ns Bound�JoWt�nd fieveral I..iAbility;Co-signera The covenants and ag�eements af tbis
<br /> Security[natrument Rhnll bind and beneft the succ¢ssorx and assigns of Lender and Borrower.subject to�he provisions of
<br /> paragraph 17. Bamwerk covenants and agreementx chull 6c joint and �everal. Any Borrower who co-aigns Ihis Security
<br /> Inshument but dc+es nat execute�ha Nwe: la1 is ro-signing this Securiry ln.vttument only to moctgage.gn►nt ur�d convey�hat
<br /> Borrower�intmaht in the P�uperty under the tcrms of�is Security Instrumem; (b)is nat personally obligated 1a pay lhe sums
<br /> securcd by this Securiry Insin�ment;and(c1 agrces that L.ender wid uny other Barowar may ugree to ex�end,madify.for6ear
<br /> or make my xcommodu�ions wi�h regard ta Ihe �erms of�his Secu►ity Inswment or�he Note without that eomnwer5�
<br /> conscm.
<br /> 13. I,opa Char�es. If Ihe loan secured by �his Security Instrument i�subject to a law which sets maximum loan
<br /> charges,and that law is tmaiiy interpreted so�ha��he intcr�+�ur vti��loan charg:.s co!lcricd or ta 6e rnllectsd:ss conncztion
<br /> with the loan ezcced the pennitted limits,then: (a)ony such lonn charge shnli be reduced by the umount necessary to reduce
<br /> the chtuge lo the permiaed limit;And(b)any sums already callec�ed from Borrower whlch ezceeded pennitted limits will be
<br /> refunded to Bomower. L.ender muy choose to make�hi�refund by reducing Ihe principal owed uader the Note or by muking a
<br /> ditect pnyment to Borrower. If n refund t+educex principul,the reduction will t+e treated ox A partlal pr�epayment without ony
<br /> prcpayment churge under the Note.
<br /> 14. Noticta Any nolire tu Bomower providcd for in Ihis Srcurity Instrurtnent shnl) be given by delivering it or by
<br /> mailing it by�rs�clnss muil unless applicable luw reyuim�uc;e of another me�hod.The notice shall be directed eo�he Propetty
<br /> Addness or nny aher addrezs Bomawer designn�es by notice tu Lender. Any notice�o Lender shAll be given by fint clus�c
<br /> muil to(xnder's address stated herein or any other addresx Lcnderdesignutex by natice to Borrower. Any notice provided for
<br /> in IhiR Securiry Insuument �hall be decmed to huve been given to Bo�rower or Lender w6en given u+ provided in lhix
<br /> PnragraPh.
<br /> ls. Governing I.Aw; Severability. Thix Security Inhlrument shull be govemed by federnl luw ;u�d thc law oi 1he
<br /> jurisdiction in which Ihc•Propeny is kxa�ed. In Ih�event�ha�ony provision or cluutie of thi�Security Inr;trument or the Note
<br /> conflictn with applicablr law,sunc�onflict shull not uffccl uther pmvi.inn.nf thi.Security Ins�rumeM or the Note wbich can
<br /> be given effect withou�the conflic�ing provision. 'M�hi�end the pn►vi�ionti of thi�Securiry Instrument und the Note+�re
<br /> decltued to 6e severable.
<br /> 16. Borrower's Copy. Borruwer xhall tx given one c��nfiirnw�l copy of Ihe Note and of this Serurity lostrument.
<br /> 17. 7lransier of the Property nr A Beneflcial lnterest in Borrower. If ull��r uny part of the Prupeny or uny interert in
<br /> it is sold or transferred I�r if u Ixneticiul imerest in Bumower is�old��r iran.ferced und Boemwer is no�a nawrul pcnon)
<br /> withom Lender!�prior written ronsent,Lendcr m:�y,ui i�s apticin,reyuin:imnxJiute payment in full of ull sumx srcun:d by
<br /> thia Security lnstrument. Hawever,�his option hhall nnt bc exercised by Lender it'exerci�e ix pmhibited by federul{xw a.of
<br /> the date af thir Securlty Instrument.
<br /> If Lender exercixes�his optinn,l.cnder+hall givr Barco�ver notice e•f accelemtion. The nntice�hull provide u period of
<br /> not les4 than 30 dnys from the dute�he notice ix delivered or muik�d within which B�xrow�er mu.t pay ull,ums tircureJ by this
<br /> Securiry Ins�rument. If Borrower fail� to puy thece�um+ prii�r tu �he expiruiion oF�hi. �ricxl, Lender muy inv��ke ony
<br /> remediex petmitted by this Securily Instn�ment without funher naice or Jemund an Biirrower.
<br /> I8. Borrower's RIRht to Reinstate. If 9orrawcr mret� ccrtuin cundi�iw�., Born�wcr .hall huvc thr right to huve
<br /> enfo�+cement of thi�: Security Ins�rumem di,continueJ at uny�ime pri�x t���hr earlicr ul: �a15 Juy+lor�uch other{►eriod u+
<br /> Singlc k�mily•-6aank 11fAe/FYeddk Muc UNIF(IRM IN1"f'RU51M:tiT•-Unif��m�C���cnam, 9�9N �pu.Ye�oj n���e�►
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