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<br /> sandcmnotbn or aher t�klna of�ny part of the Propeny,or for oonvayance in!bu of conde�npWon��ra hercby�csi�nad�nd
<br /> �hdl ba p�i�!to Lender.
<br /> In d�a ovent ot a wt�l t�kin; of the Propeny, thep�aceed� shdl be �ppliod ta 1l�A�s �ecurod by this Secur(ty
<br /> tnsdurnent.wMether ar nat thcn duo.wlth�ny eaceas p�id to Hamawer. In tbc eve�t af.�.pwtl�l u�in�oP tha�in
<br /> which tho fiir market value of the P�+apetty imm�dlataly beforc�ha taktn�is oqual to ar gnt�tAr•th�n,tht��nt of sums
<br /> �ecurcd by this Sacurity Instrument immediately bofone ihe toking,untess Banower and Landar at1�►w.��agnx in wridng.
<br /> �ho eums secured by lhis Sxudty Inetrument eh�ll bo nduced by the amount of�hep t multlpl�ad by U�a follovv�ng
<br /> frncdon: (a)the totel�mount of�he aumn eocw�ed immediataly befare tl►e taking.dividal�by(b)thA f�ft,mi�t'ket value ot tha
<br /> = _�---°---��---�� Propesty Immcdiawly bct'wc U�e toking. Any Dulun�e shall bc paid to Botruwer. In Ihe evant.of s pPatial u�kiog of tha
<br /> Penperty in which the fair market value of tha Proparty imrnediately befae 1ho takina is loss thlu�.thA atttAtalt,of the sume �
<br /> aecwed intmedletely boforc tho taking,unless Bortowor and Lendar otherwlse ag�+eo in writfng or untpss applicabla law
<br /> ottKrwise pcavido�,the procads shell be appliad ta�F�a.�ums seaured by thls 3ecurity I�wtrumant whatheu or n�1l,tha sum�are
<br /> Ihen due.
<br /> if the Property is abundoned by Borrowor.or it,after noticB by I.cndor to Bartower th�t tha candemna�Pffdrs W rtwkc
<br /> — an Award or seule a claim for damagea,BarrowQr f�ils to re,5pond to I.eeder wlthin 30 daya aft�r tha data tha natiae is glven.
<br /> - Lxnder is uuthorized a collect and appty 1he proceeds,at its opdon.either ta rrswration ot rspaic of tha Prap�rty or to�be
<br /> �uma securcd by this Security Instromcnt,whother or not then duc.
<br /> Unless Lender end Bormwer othenv(se agc�ea In writing, any application of prucoeds ta p�inaips�l sball nat axtend or
<br /> postpo�re the due date of tha monthly paymenta refcrrcd w in purugraphs 1 end 2 or changa tho amaunt af euoh paymemte.
<br /> 11. Borrawer Not Releesed; Forbenrwnce By Lende� Not A Walver. Bxtcnslan of tha time for.pAyment or
<br /> mcdification of amortization of the sums r,�curcd by this Secuc�ty Insuument granted by Lend�r to any suoeessor.In interwt
<br /> _ of Born►wer shnll�not operate to�elaase thu liqbility of Ihe original Banower or BorrowcrY suocessors 9n iratetast, Lender
<br /> - shall not bcrequi�ed to commBnce procccdinge against any successor in inte�est or refuco ta ext�nd tfmc for payment or
<br />-;;: othervvise modify amonization of the sume secw+ed by thie Securlry Instrument by mason of eny demand made By tha original °
<br /> ``� Borrower ar Bomower�successora in intsreat. Any forbes�nce by Lender in exercisit►g any rlght or remady shAll nat�be a
<br /> waiver of or preclude tha caercise of ony right or nemcdy.
<br /> 12. Successors And Asslgns Bound;Joiat and Several Liebitity;Co-elgners. The covenants and agreeme+nta af thls
<br /> �- Security Inspument qhull bind and banefit th�suacassars and assigns of Lender and Bortqwer,subJoct ta the pmvislans.of
<br /> psuagcoph 17. Borrower�s covennotx und agrcemenw shull ba joint a�d several. Any Borrowar wha co•signs this Saoudty
<br /> Insuumem but does not execute tl►e Naa: (a)is casigning this Secur�ty Inst�ument only to mangnge,grunt and canvay that
<br /> - Borrower's intere�t in the Propeny undar ths tgmia of this Secur�ry Instrumenr, (b)is nat peraonally obligatad to pay thd aums
<br /> securcd by this Security Instrument;and(c)ugrees thut Lender and uny other Borrower may agrae to exrond,madify,iorbear _ .
<br /> or make nny uccommadetions with regard to ths term.v af this Security Inswment or tha Nata wlthaut thwt 9amower's --
<br />- consent. ----
<br /> ' 13. Loaa C6nrges. If the bun secuned by this Security Instrumrnt is subJect ta a law which sets maximum ba� _
<br /> rt�rgc�.anc�that Inw iF finnlly interpreted ew thnt the interest or oU►er loan ch�tes coll�ctcd a�ta be collcctad in conna�tion
<br /> � witA the loan exceed the permitted limita,lhsa: (a)eny such loan charge shall be reduced by the amount necessary ta raduce
<br /> <� •'��'r�. the charge to the permitted limir,and(b)any sums already collected fmm Botrower whfch exceeded permitlad limit�+will be
<br /> • �. ., }a„r.� ref�nded to Borrower. Lende�may choose to mnkr�hia trfund by reducing the principel owed undar tha Nc►te or by muking a
<br /> ""' "h ~ ''"'"� direct payment to Borrower. If a refund reduces principnl,tha reduction will be tmateJ as a panial prepayment wiihaut any —
<br /> _ . •'� ��;�i��d' �I'�:�`„•.
<br /> ;, _,,,�;,��4;�,� •�:�, prepuyment chw�ge under the Note. --
<br /> '�;��'.:s�,..'..:.• .. 14. Notices. Any notice �o Borrower provided for i�this Security Insuument shall be given by dalivering it or by ---
<br /> '+�'��`'•'�`v�''•� ��- � mailing it by fir�t cluss mail unless applicabls luw requircs use of another meshad.The t►atice shall be dit+ected to the Property
<br /> ` �`,�'+�"i'�'�:^':�'4�� Address or nny other address Borrowrr designntaa by notice to Lender. Any notice to Lender shall be given by flrnt cls�cs _
<br /> :�'� '�,afi;�i��'���- mail to Lender's uddress stuted herein or nny othnr addness Lender desi�nates by notice to Borrowar. Any natice provided For �
<br />—__ ,; ,��"� in this Secu�ity Inatrument shall be deemed w hnve becn given to Bomnwer or Lender when given es provlded in lhis
<br /> r_: - ?r�'l95��_�" ` pa�ag�.ph, _.:_
<br /> ,;� '{�:�.-�..;;��. 15. Go�•erning l.ww;SeverAbility. Thia Security Instrumenc �hnll be govemed by federnl law and tha lu�v of the d-
<br /> � �,'�..tk:'r;,;';". jurisdic�ion in which the Pn�perty i�locut¢d. In thn event thut any provixion orclause of this Securiry Insnument nr the Nota ���'�
<br /> �, � ' �'���''- conflicts wi�h applicuble Inw,xunc�onflict shull not uffec►other proviaions of ihis Secumy Instrument or�he Nota which c�n �' -
<br /> " °°r7�'"���`=''"`` be rven rffec�without the conflictin rovi.lon. To this end ihc ravisiosis of this Securit tnstrument and the Natc we �'
<br /> -�.-.--, -�� g' �P p Y � �-:--
<br />-- :'�"�':;�?' ''�::' declared 10 be severable.
<br /> �"°'��`� ` Ib. 8o�rower's Copy. Borrower shull br given one confcxmed cupy of ihe Note nnd of thls Securi�y Instniment.
<br /> .�.xi..;:�::
<br /> ;:�•;�;; ' �,;,:.;,<«t�; � !7. 'M�nsfee oithe Propertv or p Beneflcial IntQrest in Borrower. I f ell nr uny pun of the Propeny or any intvr�st in _
<br /> ,;;,�;:,: ;;, ';''�;��3t;•, it is sold ar rranxferced(or iP n beneficiul intarest in BoROwer i.r xold or trunsferred und Borrower is not a naturnl penonl
<br /> ' ''''!"�'• wlthoui Lender+ nor wrinen conrent,L.ender mu nt its o tion,rc uire immcdiutc u ment in full of nll sums�ecured b
<br /> . ` ,• .....;„�i I p• Y• p 9 PY !' _-
<br /> .t this 5ecurity Ins�rumcnt. Huwever,thiK option xhall not txs exercised by l.ender if exercise is pmhibited by fedeml law as of �;:�,
<br /> ' ='�'''`�' ' ,�'. � the date of this Security Inzlrument. ____
<br />= •;r,�'�: . If Lender exerciseti this option,l..endar xhull xive Borrower nocice of ucreler�ion. The nrnice shull provide a period af Y�
<br /> � ." ���,'`. t.;;;:',��:, not less thun 30days from the dutc the notice ix delivered��r mailed within whfch Borrowor mutit pay all sumx xecur,ed by thi�
<br /> j ``��;���'' ` Securiiy Inslrumem. If Borrowcr fuilti to puy Ihe�e sums prior to the expirution of this period. Lender may invdce any �"r
<br /> ,x..� ...��t���. 5. � ! —_–
<br />=. �`�` '• `�` • •.� remedies permitted by thi�5ccurity Instrumer�t without further ncNice��r demund an BaRO�ver. _�_
<br />'.;,' . 1& Borrower's Ri�ht to Reinstute. If Borrower mee�s cenain canditions, Borrower shull huve the righl to have --_
<br />— -'•"�' •����; , enforcement of�hix 5ecvriry Instrum�nt die;continued a�any time prior to the ei►rlier of: lal 5 days lor tuch other period as ��
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