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<br /> 93� sossss
<br /> cademmtion a otber Wcin�of any p�t of Iho Property.ar fa coavay�nce in lieu d candan�natian��n h�Fry wiN�ed�d
<br /> �hall be p�id to l.ender.
<br /> In Ihe event of� wu�l Wdn� of tMe Praporiy.the ponceeds siWl be y�pped w tho�um� iecured by tlJu 3auurity
<br /> Instrument,whdher or not 11�en due,wlth any accew�paid[o Borrower. In tho ovent of A p�ctl�l t�inR oP ehe Prc�aty in
<br /> whkh thc fiir muket value of�he PropeRy immedirtcly bcfore thc t�kin�ia equal lu or gre�ter lhiu'�tAe amount of Ihe wm�
<br /> •acwod by thia Saurity In�n�immediately befare the t�icln��unkss BomowK and Lcnder otixrwi�e�reo in wrltinj.
<br /> the sums sa:ured by thie Sccurity insdument edall be reduced by the Amount of Ih� procoeda multipliod by 1he folbwin�
<br /> -' � f�ction: (a)thc torel sntPUnt of the:ums�ocural immedi�tely before the wking.dividal by(b)Ihc ioir markat valuc of tbe
<br /> Pmperty immodlately bcforo thc ukin�. My bal�nce sh�tl be p�id to Borrowe�. Ia 1he avent of a partid takin ot the
<br /> Propeny in which�he falr market vdue of the Property immediately beforo the uking ie lee�thu�1he�mount of�wm�
<br /> aecurod immediuely beforo the Wcing, unleas Bo►mwer u�d L.er�der dl�erwisa i�ex in writin� or unle9s applicable t�w
<br /> othGrwise provide�,ttie proceedc�hall be�pplied to�he sums ucurod by�hi�Secutky Imfrument whether or not the sumt we
<br /> then duc.
<br /> — if the Pmpetty is tiowntiuneti uy Bunvwo�.u� if,w17C�iwii�:a Ly�.ciKk� iu I'iuuuwc� tiwt iim:,vi�mnar affcrs to make ._
<br /> an award ar seple a claim for damages.Bomower f�ila to respond to L.ender within 30 days after tha date the natice ie given.
<br /> Lender is authorizaf to rnllect and apply�he procaeds.et its option.either to ne�wration or nep�ir of the Prope�ty or to the
<br /> eume secured by this Security Insuument,whetlier or not then due.
<br /> Unlcss L.ender and Borrower othenvise agree in writing,nny applicetlon of proceeda to princip�J shall nat extcrtd or
<br /> ._.. poslpone the duc date of�he monihly paymenta mfemed to in patAgraphs I nnd 2 orchange the amount of such psyments.
<br /> 11. BoRO�ver Not Retwsed; Forbes�rauce By Lender Not a Waiver. Extension of �he timo for pAymcnt or
<br /> modification of amortization of the sums secured by this Secudry Inswment granted by l.ender to Any successor in interost
<br /> -- of Bonower shall not operate t�release the liability of the origin�l Hort+nwcr or Borrower�i successors in interest.L.ender
<br />=� shall not be requi�ed to comrnence pruceedinga againsc an��auccessor in interes�or afuse to extend time for payment or
<br /> ;;�: othervvise modify amonizazion of thc sums secuned by this Securiry Inswment by�ewson of any demuid made by the originnl
<br /> Barmwer or Bomower's successors in interest. Aay for6paranoe by l.ender in exerclsing any nght oc remody shall not be a
<br /> wetver of or precludc the exercise of any right or nemedy.
<br /> • � 12. Successars and Assigna Boundi Jofat�ad Seve�al I.iseMlity;Co-aignere. The covcnents and agrcxments of thix
<br /> •''i:F Security Insuument shafl bind and 6enefit the successo►s and essigns of Lender and Horrower.subject to the provisions of
<br /> .�, t{t;' paragraph 17. Borrower�covenanta nnd agreements shnll be jolnt and several. Any Borrower who co-signs this Security
<br /> Insaument but does not execute�he Nate: (a)ls casigning this Securiry lnatrument only to mortgage.grant and convey thnc
<br /> iu�y, Bortowerk intero�t in the Pmperty under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> ..;:si secured by this Secu�ity Insuvmenh.pnd(c)agRes thet Lender and any other Borrower may agree to extend,modify,forbear
<br /> = II� ar make any eccammodations with r�egard to�he terms af�his Security Insuument or �he Note without thac Barrower�
<br /> >-�,� '� consent.
<br />. .� i3. i.�n CA�cges. !f thc loafs secassd by sl�is Secvdty lnstnsment Is st��t�� a law which sets mazimum loan
<br /> , :���.�I � charges.and ihat I�w is finally interpneted so ttiet the interest or other loan churgescollected or to be collected in eonnection
<br /> " " '� n1�.. with the loan exceed the petmitted limits,then: (a)any such bun charge shall be reduced by the amounl necessary to reduce _
<br /> � �~ the charge to the permined limit;and(b)any sums already collected from Bomower which exceeded permined limits will be
<br /> `�:�. refunded to Bomnwer. Lendet muy choose to rn�ke this refund by reducing ihe principal owed under the Note or by making a
<br /> } ;�:�� -�_- .,.•.
<br /> � `�i� y�,-�.,��� direct A ment to Borrower. If a oefund reduca principal,the reductian will be treated as a partial prepayment wuhout eny
<br /> _* `�i�..�,�,c� , P Y _ -
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<br /> ••,,.;, • t�}.�p••�.t':�.,,•. prepayment chazge under the Note. —
<br /> •...• ' .f.i,;��.,�j, 14. Nof(ce�. Any notice �o Borrower pmvided for in this Security lnstrument shall be given by defive�ing it or by __
<br /> �e; . .
<br /> •:j;:;�'<;� �:�,�y�'� muiling it by flrst dwss mail unless applicable law reyuires use af s�nother method.The notice ghall be directed to�he Properry
<br /> � Address or nny other addres,BoRnwer designales by notice lo Lender. Any natice to Lender shall be given by�rst class
<br /> mail to Lender4 uddress sts�ted herein or any other addres4 Lendor designute�by notfce to Borrower. Any notice pmvided for �'-_
<br /> --" "°' 'F' ': "� " in this Security Instrument�hull be deemed a heve been givrn to Borrower or Lender when given as providod in this �,.:
<br /> �'►': �� ' x�,• �' parng�rnnph —
<br /> `.'�',`, �� � ��'�';' 9•' I5. Governing l.Aw:Severability. This Security In+trument shall be governed by federAl low and thc Inw of�he �
<br />- ,.y���r�,_,� , jurisdiction in which thc P�vpeny is located. In the event Ihut uny provi5ion or clauxe of this Srcurity Instrument or the Note �_
<br />__- ,,, . contlicts with upplicablc iuw,wci�con0ic��baN uut affect otlxr p�ovisian+.�f this Seuwity In�trument or the Note which cun �„
<br /> ������� be given effect without the con0icting provision. 7b this enJ the pmvisiom of this Serurity Instrument and the Note ure _�-
<br />��.� ' �='°,,:`j,:.�r•.,..:.`. � declaredtobeseverable. _
<br />= ",, ;'�^��;'�,r�?.`.,,. 16. Borrower's Copy Borrower�hall lxx given one confi�rmed copy of the Not�and of this Securiry Instrument. ___.
<br /> �� 17. TrAnsfer of the Property or a Beneikial laterest in Burro�ver. If ull or uny part of thc Pmpehy or any interest in
<br /> � '�'�����%��� � it is sold or trnnsferred�or if a benrticiul intere,t in Borrower i��ald ur trunsferrcd and Borrower is not u natuml person) - -
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<br /> :��!��� � � �r_� without Lender� prior written consrnt.LenJermUy,nt il.option,reyuire immeJiate payment in full of all sums secured by �._-
<br />- � "`'�'�i•-:�; • this Securit Instrument. Hawever,this option shull not be exeRised by Lender i(exercixe is prohibited by federal law us of �.
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<br /> ,.;•�,,; � ,`�� the Jate of�his Security Instrument.
<br /> ��,�• °�� If Lender exercisex this option,Lender sh�il give Borrower notice of ucceler�tion. 'I'he notice shall provide A period of ��==
<br /> '� " ` not Iess U�un 30 dnys from the dute the no�ice ixdrlivered or muiled within which Borrowrr must pay all sums secured by this ��.�-_
<br />; ." ,;;�<_� � �� ,�, �. ���i Security Instrument. If Barmwcr fails to pay thetie wms pri��r�o the expiracion uf thi+period, Lender may invoke any �`'_
<br />;li�, �,�;,:... .
<br /> . ., ,,, :, , remedies permittcd by this Security Instrwnent wilhout funher notice or demund on Bom�wer. ��i-
<br /> -`_".. �•, ,�•:;�;;;,;,�•�' `.°�: l8. Borrower's RiRht to Reinstate. If Barn�wer meets cenuin candition+. Burrower sh�ll h�ve the right to have _
<br /> . ' ''�°'�'� � �•ti'� enforcement of thiti Securiry Instrument di�c��ninurd ui nny time prior to Ihr rarlier oL lu)5 duys(or such other periad as s:
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