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<br /> oo�dannwtlon or otha Iakin�of aoy p�rt ot 1he Property�ar tar oc�vey�noo ia lku af cwdamwion.�n haeb�►w�f�ned a�d
<br /> �ll be pid w Let�x.
<br /> tn the ova�t ot a �oul Wdnj d che Praperty�the_proco�ed� dul) be q�pflod to die wnu�ecurod by dds 9�rlty
<br /> Imduma�t.w?rott�er ar not then due.with my exau p�to Borrower. In the evoat of�piutW WcL��of thep�er�y in
<br /> whk.fi tho frir�rarka value of tbe Prnpeny immedi�tefy befaro the takin�ii eqwd to or�eata tlwn 1he an�oum ot�iie �wnw
<br /> �ecuad by tMia Secudty Initnunent immodi�tely bofaa the Wciog,unlaa Borrower ud Lender olherwire�ree in writi��.
<br /> the surtu�recu�od by�his Sociulty inwumau �hall be reducrod by the amount of the qoceeda mol�iplied by the fdbwlns
<br /> fncdon: �(�)the total�mcwnt of the sums secured immediatety befao the taki��.divided by lb)tho fdr muket vdue of tM
<br /> ` Propen7 immallutely b�fi►rc the w{cLig. Any lwlanco chall bc �id w Borruwcr. In the event of n parttal takin�of the
<br /> Properly in whkh Ua i�ir rtuuka vnlue of tho Property immediately befare the talcing ia kss Ihan the�amount of the eums
<br /> aecuned immediuely befot�e tho uking, unless Bomawer and Lender dhervvi�o��ao In wriling ar unless applic�Me law
<br /> aherwise pmvjdes.�ha prooeade slud!ba applied to�he wms cxwed by this Security Insqument whetber or not the wms�u�e
<br /> thtn dua.
<br /> — If the Prcrperty is abandonM by Bomower.or if,aftcr nwice by Lender to Bc+rmwer that the condem�or offers to make
<br /> m awud�x sepb a claim for demagea,Bomower fafls�to respond W Lender within 30 daye atier the dule�he notice ia givrn.
<br /> Lender iv autho�ized to rnUoct ond opply the procads.�t it�optlon.either w restw�tion ar Rpair of tho Hvperty or to the
<br /> wms securcd by this Security lnspu�mnt,whettrcr w not�hen due.
<br /> Untet�ss Lender�nd Bornower otUervvise agree in writing.eny aP lication of proceeda to principal shal) not extend or
<br /> po�tpw�e the due ds►te of Ilre monihly payments iefened to in paragruphs 1 end 2 or�hange�he�nount of such payments.
<br /> 11. Borrower Not Rek�sed: �arbeua�e ay Lender Not � Wsiver. Extension of thc time for pxyment oc
<br /> modlilcation of unortiration of tho sums secu�ed by thia Se,curity lnsuument gnnted by Lender to ony successor in interest
<br /> of Bamower shdl aot c�perate to rclease the liubility of the aiginal Borrower or Barrawcr�s successors in interest.Lender
<br /> shaU not 6e�q uLed to commence proceeNngs against any auccessor in intercst or refuse to extend dme for payment or
<br /> -��v otherwise mo�fi y amortizatiwt af�he r,ums secured by this Security Inswment by re�son of any demand m�de by thc originnl
<br />- Barrower ar Bamwer�a successo►s in Intereat. Any fa�bearwice by Lender in execrlsing any right or rnnedy shuli nat be a ;
<br />- waiver of or pmlude the exercise af any right or remedy. _
<br /> • 12. Succescor�nnd Assi�ns Bonnd;Joinl aad Seveml4iAWlity;Co-sig�ers. The covenants and agreements of this
<br /> Securiry Insuument shAll bind uod 6e�efit�he successor�w�d assigos of Len�ier and Borrower,subject to the provisions of
<br /> pazugmph 17. Borrowerk covenaiNx und agreements shall be joiM and several.Any Bortower who casigns this Securiry
<br /> _ Insuument but does not execute Ihe Nate: (a)is co-signing this Secu�ty Instrument only to mongAge,gmnt und convey that
<br />- Bomower�s intercst in Iha Property under the termti af�his Securiiy Instrumenr, �bl iti not persunally obligAted to puy the sums •
<br /> = secured by this Security InstrumBn4 and(c)agrees that Lender und uny other Barower muy ugree to extend,modify,forbear
<br /> or make any accornmadatianR wilh regurd to �he tertns of ihi�+Security Instrument or ihe N�te without �hat Bwrow�r's
<br />- consent.
<br />_ 13. Lo�n Cha�ges. If�ha lopn secured by this Security Insln�menl is subject ta u law which sets meximum loan
<br /> - cl�arges.snd st�t!s�¢�is fissa!!�inte�rtttd so that ltte interest oc cKher lonn chnsgP�cnllec�ed ex to be collected in connection
<br /> with Ihe loan exceed�he permined limits.�hen: (a)any such lonn churge�hall he reduced by the amaunt necrssary to reduce
<br /> 4 1he cB�ugo 10 the pem�ivad limit;and(b)ony sumx ul�ady collected from Bornower wNich exceeded pemiitted limits wi11 be
<br /> ; refunded to Borrower. Lendor mny chaase to mul:e thix refund by teducing�he principol owed under the Nate ar by making a
<br /> �, direct pnyment to Borrower. !f a�efund redures principal,�he reduction will be tr�ea�ed us u purtial piepayment wf�haut any
<br /> �.,�,� prepayment charge under thB Note.
<br /> 14. Notices. Any nntice to BoROwer providad for in this Security IntitNment sliull be given by delivering it or by
<br /> `� mniling it by first clasc rnuil unlass applical+le I:�w requims uk af another melhod.The noti�r .hnll be directed to�he I�nopeny
<br /> Add�rss or uny other addnns Borrowc�de.ignutec hy nrnicc lo Lender. Any natice to Lcnder shall be given by fi�t cla.s
<br /> muil lo Lender'.s nddress xtuted hercin or any other uddn+s Lender de.ignnte+by not ice�n Borrower. Any notice provided for
<br /> •� ���ti� ; in this Security In�tn�ment �hall bn deenxd to have been given w Borrower or l.ender when given as provided in thix
<br />_ :., :....: ,a paraRmph.
<br /> '`�i�'� X 15. Governing I.aw; tieverubility. This Security In,trument �hull be govemed by ticdernl law und �he law ot'�he
<br /> . u• Jurisdiction in which thn Pn►perty n locuted. In Ihe evem thut nny pmvitiian ar cluuk of this Security In�trumenl or the Nat�
<br /> � r ' " conflicts wilh upplicublu luw,such contlict+hull nnt uffecl other provi.iom of thi�S�wuriry In�lrument or the NcNe whinc�un
<br />'" �"'"' be given effect without the cantlic�ing provision. Tu this end tlx�provixi�x�.of thi+ S��uri�y Imtrument nnd Ihe Note arc:
<br /> �` � � .' dcrlsued to be uveroble.
<br /> . *%:;' '�r:%�i::��. �' 16. Borrower's Copy. Born►wrr shull lxr givcn onc ronfiirmcd copy of UK Notc and ot'�hix Security In,trument.
<br /> "� ��_��::"� 17. 7Fansfer of!he Property or a BeneQcial Interest in ilorrower. If ull��r uny p•rn of�he Pro�x:ny o�•nny interest in
<br /> �• � � -�.��`� it is wld or trunsfeRed (or if a i�netirial imrre�t in Bom►we�i+,old or tr�n.fcrrcJ and Bom��ver i+not s►nuturLl p�:non1
<br /> = ��+r±� �� without Lendcr's prior wriucn ron.ent,LenJer muy,ut it.option,�quin: immediutc paymen�in fuU uf ull sum.kcurctii by
<br /> v �'���_�•;����`�"'L Ihis Securily Instrument. Howevcr,lhi�op�ion shull not be rxcrci,rd hy Lcndcr if raeni+c is prohiMilyd by federul luw a.of
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<br /> �:.:� �,;;�.;� the date af'thiz Security Instrument.
<br /> - ";�,;;,, ,.�.. r If Lender exercises�hfs option,Lendrr shull�ive Borrower notice of uccrler.�ti�x�. '1'h� nnticr�hull pruvide u period of
<br /> �. nw less�han i0days from the date thr no�ice i.delivrnd or miiil��d within which Burn�w•er mu.t p•ry rll�um.,ecureJ by th+�
<br /> i�."; ``• �, Security Instrumern. If Horrnwer f:�il. tu p:q� the.c .um. prior to the expira�ion ot'thi+ {xriixl. Lender muy invoke any
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<br /> r •,, -, , • remedies permined by�his Security In.trwnent w•i�hnut furthcr nutirr��r demunJ un Bortr�Hrr.
<br /> '"�' ''�'"" 18. Borrower's Right to Rein�lute. If Bom�urr mect� crnain canJition.. Burtow•ur.hall have �hc right to havc
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<br /> . . ,. �� enforcement of this Sc�uri�y In.tn�mrm di.cuntinurd,u uny�imr prinr a��he r•rrlirr uf: la 1 S du)•.lur wch olhrr perial a�
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