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<br /> oondemnniaa ar dher t�ktn�o(�ny p�rt oP th�Prapetty�a tar convey+u�oo la lieu of condeau�tla►,ue herohy u�ip�d a�d
<br /> ' �holl ba p�W a l.ender. ' .
<br /> In da evcat af�latd Wdnj ot tha PnnporRy. tlra praceed�alull be�Ifed w the�ums iecund by Ihis 9ecutity
<br /> Inwtnunenti wi�ether or iwt t)ten due,wilh au+y exce�s pdd to Borrowar. In�ho event of A prUel taNin�{of the Pwperty in
<br /> which tho t�ir muket valuo of the t4apeny immodl�trly beforo tf�e Wcin�is e�wl to or�raler th�n the amount of tha suma
<br /> �urcd by this Sccur�ty lnrtrument immalipteiy before�he tAkfnA,unksa Barower and Lender aherwiue��ree in writin�,
<br /> the wms socu�od by thi�3ocudly lewtn�ment sh�ll bc ioduced by the unount ot Ihe proceeds multipliod by�he Pdlowinj
<br /> fn�cdon: (�)the toul�nt of the�umr�ccured immcdiuely betoro�he tWcln�,divided by(b)lhe fiir m�rket v�lue of tho
<br /> -- "� '�""' Prop�ty lmmaliAtoly befaae tho tnkin�. My b�lancx �h�ll be paid to Bonower, In the event of a partial ndcinj of tha
<br /> Prope�ty in which die fiir tnatket velue of�he H+qxrty imrnediately before the Uking is ic�u than t6e amount of the cums
<br /> ucured immediately 6efan the t�king,unkss Bortawer and Lender wherwise �gra in writing or unkw applic�ble IAw
<br /> otherwise providoa.the proceeds�II be applicd to the�um�securod by thls Security lnetrumcnt wf�ether a nvt the auma ara
<br /> then due.
<br /> [f the Property is abAndoned by Borrower.or if,after notice by Lendcr to Burrower that the condemnor offers to make
<br /> on award m senle a claim far damages.Hmrower falls to mspa�nd to Lender within 3U days after the dato the trolice ie given,
<br /> Lerder is authorizod ta callect and apply the pracads.at ita option,either to�storalton or�epair of Ihe PropeAy or to the
<br /> aums securod by thls Security Instrume�t,whelher or not�hen due.
<br /> Unless Lender and Barrawer otherwise agree in wdtiqg,any application af proceedv to principal shell not extGnd or
<br /> postpone th�due data of the monthly paymenix refernd to in perag�aphs I and 2 or change the amount of auch paymenta,
<br /> 11: Borrower Nat Relwced; Forbearan¢e By 4ender Not a Walver. Extension of..Ihe �im� for payment or
<br /> � , ' . modffieation of amoRizatian af ihe sums secuted by thia Seeurity Ins�ument granted by Lender to any successor in interest
<br /> _ of Borrower shall not operate to relcass the liability of the arigina!Borrower ar Borrowerb succeasor.� in interest.�ender •
<br /> --..--..----.-.-....---_-� ahap nat be required to cbmmence praceedings against any successor in interest or�efuse ro extend time for payment ar �
<br /> -__ otherwis�modify amortizndon of d�e xums sccured by thia Security t�strument by reaxon of any demand mnde by the or�ginal
<br /> . Horrawar or BonbwarS�successors in intat�est. Any forbeanance by l.ender in exerclsing any�ight or�emedy shall irot be a
<br />- wsdver of or precludc the axar+cise of any right or remedy.
<br /> 12 Successors and Assi�n�Bound;Jalnt and Several Liability=Caelgners. The covenants and ngneements of thia
<br /> Securily Instrument ehall bind and benetll the successor.r ond assigns of Lender and Borrower. subject tv the provisioos of
<br /> Qaregraph I?.Borrov►�er�cov�nants nnd agreements shull be joint end�seveml. Aoy Borrower who co-signx this Securhy
<br /> -- - -- uuuw�rc�u�ui uue��nn axecuic ihe riate: la)�s co-signing tnis oecu�ty Instn�nxnt omy lo morlgage.gram and convey ihnt
<br /> Borrowcrk intercat in the Propedy under�he terms of thin Sccudty Inswment; Ib)ix nw perraiully obligated to pay the sums
<br /> securcd by thi�Securfty Inxlrument:and(c)ogrees thut L.ender unJ any olher Borrowcr may agrec to exlend,modify,forbear
<br /> - or make any �ccommodationa wilh re�ard to thc terms of ihia S¢cud�y Inx�rwnent or �he Nao whhout�hw Barmworl�
<br />-- —= concent.
<br /> � l3. t.oan Clwrgea, IP the loan securc�l by thi� Securiiy Intitrument ia wbj�ei to u low whirh K�x mnaimum loun
<br />_ chsr�.a�xi tiiei iew in���aii�li�ic��ntint iw ii�ui iiir inicrc+f ur uthcr ivan ci�urtic.r cuiicrie�i ur iu t�c�vltcdcif h��Yni�i�ati�ii
<br /> with�he laan exceed�he pem�i�ted Ilmilg,�hen: lu)any�nch Wun charge xhnll br rcdw:ed by�he umoum necer�wry to reduce
<br /> the clu►rge ta Ihe permitted ifmi�;und Ib►uny sumx alrNndy rcAlected from Bormwer whi�h exceeded permitted limitx will be
<br /> rcfunded to Borrower. I.ender muy chcxne to make thlx refund by reducing Ihe principnl owed under the Notc or by making a
<br /> direct payment lo Barrower. If u refuad reduces princlpal,the reductian wfll be treuted vs u partiul pnepuyment withaut any
<br /> prcpuyment charge under�he Note.
<br /> 14. Notlas. Any notice to Bo�rower pravided for in thic Security Ins�r�ment tihull be given by delivering it or by
<br /> muiling it by fir�t claxs muil unlesx upplirablc luw reyuires ure of another methai.The notice+hall Me directed to the Property
<br /> Address or uny other suldress Bomower dexignates by natke ta Lender. Any notice to Lender sholl I+e given by first cluss
<br /> mail to Lender�address stated herein or any ather address Lendcr de�ignates by noticc to Borrower. Any notice provided for
<br /> "� in thir� Security Insuument shall be deemed to have becn given to Borrower or l.ender when given �s provided in thix
<br /> P�B�MM�•
<br />- ; 1S. Governing Law;Seve�ubfUty. This Security Ins�rument shall be giivemed by federal law and the law of�he
<br /> jurisdiction in whlch the Propeny is+locs►ted. In the event ihat any provi.yion or clause of this Security Instrument or the Note
<br /> _ _ ___ conflicts with upplicable luw,such conflict shull not uffect other pravisinn,ot'ihis Security Instrument or the Note which cun
<br /> `" be given effect without the conflicdng provision. To this end the provisians of thiti Security Inrtrument anJ�he Note are `
<br />�°��� "� &clared�o be xevernblc.
<br />`�'�` l6. 8orrower's Copy, Barower�hall be given une co�formcd ropy oP�he Note and of ihis Security lnxtrument.
<br /> �`� '� 17. 'IFAnsPer oP the Property or a Beneticlal Interest in Burrower. If oll or any pan of�he Piroperty or uny interest in �_
<br /> ' '�::;,:,,.:� it is sold or transferred(or if a benetici•rl interest in Borrower is sald or trunsi'erred und Borrowcr is not u noturnl person) `_
<br /> �+ ��L�R�..
<br /> �y�t•.�,,, •-• withaut Lenderk prior written consent, Lender mny,ut i�s option,�yuire imim:diaie paymem in full of all sumy secured by -
<br /> :` -',�11�'�� , �his Securi�y Instrument. Hawever.�his option shull not 6c�xercised by L.ender if exercir�e is prohibiced by federal luw as of
<br /> "` + �1';��;";;•••. thc datc of this Security Inxtrument.
<br /> `' �����%'� If Lenderexercises this option,Lender shuU Eive Barmwer notire of urceleration. Thr notire shall provicl�u periad of -
<br /> �'�"` not Iess thun 30 ds► c from the date the naticc i,delivered a rnuilzd within which Bi�rrowcr must a all sums secured b �his -
<br /> �•— ����.:�, Y P.Y Y -.
<br /> r:•,�y, Security Instrumrrn. If Borrower fails to puy thcxc sums prior to�he cxpirutian of this pericxl. Lender ms�y invoke uny
<br /> '` remedies perntitled by this Security Instrumenl without f'unher notice or demund on BoROwc�. -
<br />'� r •• '� :.�'•'���" � . 18. Borrower's Rlght to Relnstate. If Bonower meelx cenain ronditicm.. B��rrc�wrr >hull huv� �he right to huve
<br /> �? : . . -
<br /> ` ��eu;cu, enforcement of this Security Instrument dixcontinued ut any lime prior ta�hr carlirr ul'. (al S duy�lnr�uch uther perial u+ -:
<br />_ ;�. _
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