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<br /> �93� 1ossos
<br /> cqr�dat�uutian ar other td�in�at�ny pWt og thr Propeny,or tor convey+�nce!n{iw ot condemnuia�n��re laroby wi�ned�nd
<br /> �II be p�ld W l,rnder. .
<br /> ln �ho avent of� wul t�kiry d the Property. the proceals �hall be appUad w tho ruma �ecurod by ttii� 3ecurit�l
<br /> M�uumrnt� w�icUKr ur not lhai due,wlth ar�y czoess pdd to Bomawer. !n Ih�evcnt of�putW uicin�of�hep�p�y in
<br /> � whir.h the fdr�et value pf the P�openy imtnedi�tely beforc Uie taking is equ�l tu or�rr,�tor Ih�ut thc unount af tFie:-wns
<br /> eecurod by thla Socudty Instrument immaliatofy boforo the taking.unleYS Bomower and Lender otherwl�e agra in writin�. •
<br /> � �}ie wm�cccurcd by thi:Sxurity In�uument shall bc reducod by the umount oP the procoafe multiplied by tho following
<br /> iraction; (a)the twal unount oP t!a sum��ecurod immedi�tely before the taking,djvidod Dy(b)the fair miuket vdue of the
<br /> ° � prcp�erty f�miedua;ly before the talcing. Any balance shaA be paid to Borrower. In the event of'+s pa�tial takina of �he
<br /> Propecty in which the Pitir muket valuo of U�a Prope�ty immedi�tely beforo�ha taking ia ks��han Q�e unount of the sums
<br /> �ocwed immodirtely beforc tha trJcing, unlcsss Bortower and Lender othcnvise agrco in wrlting or unless�►ppUcstble lww
<br /> othenviae provider.the procced�sl�li bo applled to the sumr secured by thir Securiry Inruument wluther or not�he sumc am
<br /> ihen due.
<br /> :-- ---= ff the P[operty i•AhaMk�nacl hy Borrowar,or if.after aotice by Lender to Borrower t6et the condemnor offe�to make
<br /> on awsud or senk a cl�im for dwmages,Borrawer fail�to respond to Lender within 30 daya after the date the notice is grven, `
<br /> Lender is authorized�o collect and apply tha praccedF,At ite option,either to nstoration or rcpair of the Property or to the
<br /> • wmr securcd by�his Security Insdumcnt,whether or not then due.
<br /> Unless Lender and Borrower wharwlse agree in writing. ony appllcntion af proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in p�uagraphs 1 and 2 a change the amount of such payments.
<br /> 11. liorrower NM ReleaAedi Forbearsince By I.ender Not A Waiver. Eztension of tNe time for payment or
<br /> rnodif�tion of amor�ization of the sums secur+ed by t61e Security Instrument granted by Lender to any successor iJc►interest
<br /> of Horrvwer shAll na aper�te to releas� the lisbiliry oi the original Bortower or Borrower's successas in intere.rt. Lender
<br /> shail.not becequired ta com�nce proceedings against any successor In interest w refuse to exte�d time for payment or
<br /> - athenvise madify amatizadan ot'ihe sums secured by this Securiry Instrument by t+eason of any dernand made by the ariginai
<br /> Borrower or Borrower�s succe�sars in interesl. My forbearance by Lender in exercieing ony right ar remedy sholl na ba a
<br /> - waivcr of or preclude Ihe exerci,e of any rigM or remedy.
<br />°" 12. Successors ond Asslpns Bound;Joint and 5everAl Li�bNity;Co-si�ners. The covenants and agreements of this
<br />-:?4° Security Inslrument shall bind and benet�t the successors and assigns of l.ender and Borrower,subject to the provisions of
<br />-` '.� puagruph 17. Borrower�covenantc and agreementr: shall 6e jdnt and seveml. Any Borrower who co-signs this Security
<br /> Inanument but daes not eaecute the Note: (a)is co-signing this Securlty In9uument only to mortgage,grant and convey that
<br /> Borrowerk inlenest in ihc Propeny under the terms of this Securily Instrument; (b)is not prnonully obligated 10 puy the sums
<br /> � secured by�hiR Security I�strumeot:und(c)agrees thAl Lender�nJ any ather Borrower muy ugree to extend,modify,farbear
<br /> r..:s or make sny acwmmodutions wilh regard to tha�erms of this Security Instrument or the Note without ihat Bornower�
<br /> cc►n�ent,
<br /> -;.��' 13. Loan Char�e.�. If the loan securcd by�his Security Instniment ix xubject to a law which sets muximum loun
<br /> °"� _ _ charre.s,ustd tltt�t la+v is f:nally inteTreteci co that�he interest or aher loun charges collected�v to 6e collected in connection
<br /> � : ���+• with ths loun exceed the permmed limi�s.then: (u)+u�y such loan c6arRe shuli be reduced h� �he umuunt necessury to reduce
<br /> . f i.4(��tP'r.t`'
<br /> , ,,;�•.:�y��r n�;:- �he ehwge w�hr perniitted limih and(b)Uny sumz alreudy collected from Borcower which exceeded pemiined limitti will fie
<br /> . , " ' ""'�' ��� � refunded to Borrower. Lender muy chaose ta make�his refund by reducing the principal owed under the Note or by making u
<br />_•y�; ' ;,���„�,f direct paymem to Bnrrower. If a refund reduces principul.Ihe reduction will be treated as A ptutial pr�epayment withoul any
<br /> - r, j,.�'T"���A�� M pr�epayment charga under Ihe Note. _
<br /> . �;;,;�,�:;= �. • IA. NWices. Any notice to Borrower provided for in�his Security Inxtrument shAll 6e given by delivering it or by __
<br /> ,� �.,.,.:�, `'`.•.-
<br /> •. v ms�ilin�it by flr.+t rlu�s mail u�less applicable luw requirex u�e of another me�hod.The nutice sholl be directed to the P�opehy
<br /> J ' �;�'i��` ��•' Addmtis or uny dher addretis Borrower de.ignutrs by notice to l.ende�. Any nolice w Lender shull be given by 6nt cluss
<br /> "�"`'"'""""`""'" mail to Lender?�address stuted hcrcin or uny other uddre.ti l.ender designa�es by natice to Bortowcr. Any nolicc provided for
<br /> �_� �� ;^� . in this Securiry IntitNment +hull be dc�med to havr heen�iven to Bormwer or Lender when giveo as provided in thir =
<br /> ,°s'.�-. ,�,,,�,,�,,:.p:-���. ParaBrs�Ph•
<br />_ .=i�,;,;,,,;,��,._�,;�..,'' 15. CoverninR I.aw: Severabilily. Thi. Sccurity Imtniment shall bc governed by i'ederal luw und thc luw of thc
<br /> ,, f �«'� 'p� juriFdiction in which the Propeny is IcxateJ. In the evem that uny provision or clauu of thi+Securi�y Instrument or the Note _
<br /> �ute�ror�,h•x
<br /> �,.�..,
<br /> - Y- conflicls with upplicvble law.such ronflict�hnli��H:iflcct oihrr provision.of thir Securitv In�trument or the Note which can _
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<br /> .••�� � be given effect without the contlic�ing provision. To thi,end �he provi,ionx of thix Secudly Instrument nnd the Nde are
<br />- }r.�":�'�` '.� 't�' s;. declared to t►e severuble.
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<br /> ,,,y}�: 16. Rnrrou•er sCopy. Borrower�hull hc:given anr conti�rnicd c��py oi'the Note und oP thix Securiry Instrument. _
<br /> •� � 17. 71rensPer otthe Pmperty or a Beneficlal Inferest in Burrower. If ull or any pun of�hc Pmprny or any interest in
<br /> �'J' r',��r7�: • � it is sald u�iransfrrred lor il'u hcneficiul imcrc,�in Burrowcr i+ �old or trun�frirc�d und Iiorrower is not n natural penon) _
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<br /> ���:�;, � wi�hout Lender z pri�r wriuen rormenl.Lendcr muy. a�ii. uptiuu.reyuirc immcJiule payment in full of all sums securcd by
<br /> - ' -•�•� ^ Ihis Security Instrumcnt. However,this aption shull na br errrci+ed by Lendcr it'exrrcise is prohibited by fedcral luw as of �`�
<br />- �� • � � ;�'�'� , the date of this Securiiy Inx�n�ment.
<br /> �� - " " If Lender exercises�hi�op�ion.Lcndrr�hall givc Borruwcr m�ticr of vcccicrutian. The nutire shull providc a pe.riod of _
<br /> e•�•""� � "
<br /> . .,, ' ,�;':�• not less than 3O duyti from Ihc date Ihr notire is delivenJ ur muilcJ ailhin w hich Burn�w•cr mu.�pay all tiwnti tiecured by thi�
<br />��. ��y�s�'j� +,,,,, � Seeurity Inslrument. If Borrower fuil+ tu p•ry the`e sum�pri�tt tn Ihe expirutiun of this �xriod. Lender muy invake suiy
<br /> • ��. • �emedies permiued by thi�Security Instrument without further rnxicr or drmanJ��n Bormwer. _
<br />�, :.: , l8. Borrower's Ri�ht to Reinsfate. If B�nrowrr nkct.rcnuin conditiun.. Borrowcr�httll h•rve the right to have =
<br /> • ��;` •� � „ ., enforcement of'Ihis Securi�y Instrumrnt Ji�cominued at any timr rriur lu the rarlirr of: 1a1 5 days�ur+uch��thcr pc:riod u. —
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