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<br /> = c�and�m�sa�ion ar ather faicing o�any gart of the�t�per�.cx for cQn�rcya�+ce in lieu of cor�deninati�.ace hece[i�zssigexd�d ,
<br /> � • s6All be paid to i.eader. ` . ' � : �
<br /> .` [n tlte,ev�tt.of a total takipg.of tt�e Ptoperty. the pcvcxeds sigA Dc applied.to the cucns secund�hy tl�is Secority
<br /> _ �swm�nt,w6eth�r o��ut then due.witb any,excess paid to Borrower. in the event of a p�rtial taking of the Ropercy, in
<br /> � wtae6 ttie fair marQet vatu�of the Property immediately befot�the taidag is equal ta ar greater than the amamt of the sums �
<br /> sec�ed by ttus Security tastnunrnt immediaiety biet'ure the taicing,u�i�s Bot�nower aad Lender othemise agree in writiag, .
<br /> the sums secuied by this Securiry lnstneaxnt sdali�e�educed bp the amount of the proceeds maitiplied Hy tSx following
<br /> {�iop: (e�th��eia1 amount nf ttre suat,seciu+ed immediateig 6efoie the ta�in�divided�y(b�the fair market watve of il�c
<br /> p�,im�a�rrteiy befo�e t!r taiciag. Anp balance shaU be paid ta Bottower. Icr the cvert of a partial taking of the
<br /> �nnperty in ahicA the fair maticet value ot the Ptoperty immed'retely befose the taking is teas tha�the aznount of the sura�
<br /> - seaued imn�ediateig befoie the taicing.unless Bamna�er and Leader athe�wise apee in writing ar.aniess app}ica6fe Faw
<br /> - othe�is�provides.the p�s shap 6e a�pi'ced to ihe s�s seau�ad by this Security Inst�ment wficther or nat tiie smns are �-- --_----
<br /> then due.
<br />___ If the ptiopeity is abandoned by Bomnwer,or if.after cwtice by Lender to Borrourer that the cortdemnor offers to malte.
<br />- aa award or settle a claim for damages,Bor�ower faits to respond to Lender wit6in 3U days after the dare the noti�e is�ivert.
<br />.�-'_•: I�nder is.authmo�ed:tg�Ilect and applyr the proceedc,at iu�ptioo.either to resmrauon or cepair of!be Fr�y or ro tbc�
<br /> -�fi sunfs:s�ecured bp tltis Security:fnspvmen�wt�ether ar not tiien due. • . , :�
<br /> - UnlssS I:+e�tderand.Barrawer otbetwise agre�in�vriting,any applicarion of procceds to ptmdjmi shall nnt�xtend.or;. . ,: ��t,
<br /> _t ..
<br /> pustpone ti�duc�dnte of the mnnthlx pa_yments�eferred to in paragraphs 1 and 2 or�hange the�t�untof such.payJnetits. ;:;; _
<br /> - L1:.Barrawer NaE:�Hekas�d;. ��rhearartes By I.end�:hlot a 1i[ratveG ExteA&lotk��"•4�6:11111e.� p�tytlleAt.'(�I^ ' r ..
<br /> • m�catiort of umartizatiaa of the su�ns.s�eured'byR.this Secarity'iiistrament gran s e d b y L•e ri det•to-5ng sw�c,cess�in imerest
<br /> . if of Bosrowet sttail nbt irpetate ta re2eas�Il�c:li�bility of the nr3gipa�l.Balrower or Borrawer's surcessa�s'.i�inMrest Lender .
<br /> � shall not 6e requiixd to commence pmceed9ngs.agarist•Aity.•4uce+�sor in interest or refuse to extend itti�lu=payment or —
<br /> ''.:� otherwise madify amortitation of the snms secvted:by tir�Securit��Insuument by�rasnn'af�any demand ma�fry the ongmal �
<br /> _ �ormwer ar Botrower's successois in irtMest. At►y.forbe�ance by Lender in exercising:nnynght or remeAy sha11 not be a
<br /> waives of or precIude the eaereise of any rtght•at icmedy. ��: . ;. �.. , . .•••
<br /> 12. Suoee�sal's�atid Assigas BoaQd;Ibint:diti�Sevtral Liability;Cp�sigiters:•Ttie covEnai�ts and agreemenu of thls
<br /> �� ,;' Security Insuumem.st�nll bind and bene6ttfie sit�r�ors and assigqss of Le�dCt:and:�piirt�cver.subject to the prov�sions of _
<br /> j,; paragt►pf� 17, aotrowcr's covenaau and agreemerits shall be joint and several:A�ry��m}ver who co-signs this Security _
<br /> t' �: Inst�ptneM bat daes not execute the Note: (a)is co-signing this Security Intiirument anly�tu.��inrtgage.gant artd convey that
<br /> -�` Harcnwer�i`i4tez�est in the Fropetty under t6e tertns af this Seenriry Instrament: fb)is not persana�{y obligated ta pag the sums -- --
<br /> .:;%�,. aecuicd Ei�1"tllis 3�eprity Instrument;and(c)agees that Lender and acry ather Borrower may agree to extend madify,forbear � _--
<br /> �``-�.' ar mnke�nny.;�siticbfimodations tivith rega�d to 1he terms af this Securiry Inswment or the Nate withaut thnt Borrowerg
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<br /> `,,:'��;_,� � ��;.(�oaa Ch2cges. If ihe loan secured by this Security iastrument is subject to a 1aw which sets maximam foan �'r. � —__
<br />,>,. ; �.., ''.� cliprg�.9;;tii�_lhat law is finally interpreted so that the interesc oz.��her toan charges coltected or to be coliectect irt connection _
<br /> ::,;,,, •, � ,� . . •,..µr{�J�:�fbuis,e�cceed the pertnitted limies,�hen: (a)any such I�d�arge shall be reduced by the amount nececsary to red�ce _
<br />:';;',';�. ', the c1��y���tl�e permitted limix and Ib)any sums alrr�dy ca:�»�from Barrower which exceeded permitted limits wiIl be �.
<br /> �':::`,'��;'� refuaded to Borrower. L.ender may choose to mafce this refund by reduc�ng t�e principal owed urtder the Note or by making a �
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<br /> _ s direct payment to Borrowcr. If a�efund reduce.v princigal,the redactian w1!�1x treated ac a partial prepayment w�thout any � :=— _._
<br /> � ' prepayment charge under the Note. �7�.��'s
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<br /> � 14. Notiees. Any narice to Bormwer provided for in this.Secuary I�sment shall be given by delivering it or by :'�».;y��;�;; Y
<br /> - � '�'<<t � mailing it by first class mail unless applicable law requires use uf�T!ter metttod.The nntice shull be directed to the Pro rt � ;-r,.•
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<br /> � Address crr uny other address Borrawer designates by natice to LP�der. �.n.4 natice to Lendcr tihall he given by firtit class . ='��_''•-:_
<br /> . „ `:.� mail to l.ender's-address stated hercin or Any other address Lendcr designatc.-��+:�nntice to Barrower. Aay noiicc provided for '�
<br /> " in this Security Instrument shall be Qeemed ta huve been given to_ Barraiver ar Lender when,givcn as prnvided in this _ :. ,.
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<br /> !S. �uveming Law; 5ever�bility. This Securlry (nstrc��:it shall be gavemed by fedcral�law and the law of the , �'. • ��.�-
<br /> . jurisdict'san in which the Propeny is lucated. In the event thut�r,;p'�vision or clause of�his 5erurity Instrument or the Note •�_'•K=::.--
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<br /> � confTic��with Appllcubics luw.such conflict shull nat affect other pc�visions oi this Security Jnstrumeni ar thc IVote which ran �. �:..�.;_
<br /> • � be e:v�s effect withouu the canitt�nins pmvision: Ta this enJ the provisioi•:�P this Securiry la�trumem and the Note are -
<br /> � deci3-�y m be severa'o'.e. • , �
<br /> �• � II�. �orrower's eopy. Horrawer shall be�,����one conformed capy o;:iTe:�late and of'ihiti Security lastrumem. � , .
<br />. �. . , �:II%�. �ransfer ot the Propertv�s A Eeneficis��finierest in Borrower. If a:I or any parc�f�he Praperty or any intcrest in -
<br /> it is��t�ar uansferred lor if a heneficiAl interetit in Borrower is sold or tran�ferred and P,�arsawer is nat a natural person)
<br /> • without Lender's prinr written cansen[.Lender mAy.at ifti aptian.reyuire immediAtc payment in full of all�ums secured by .
<br /> • • ,� thi�Securiry Irtstn�ment. Hawever,this option snftll not t+e excrcised by Lenc�e-if exercise is proh'sbited by federal law�.c of._
<br /> . 'y >'.;:: � the date of this Security lnstrument. � .
<br /> . �' lf Lender cxercises this aption.Lender shaJZ g:��e Borrower natice of accetvcutian. 'Fhe natice shal!providc a period of • ` ,;:"'
<br />� • '�'' not les�.shan 30 days from the date the notice is de'siv:�e�a:rna;ivd within which Rorrower•rstust pay ull sums.secured b;•��hia. • ' .��`.-;�.�•.
<br /> � Secuhn��InstrumcN. If Borrowcr fails to pay thesr .um+prias ta the expiration��f thi.z plriod. Lcndcr muy invoke any ' `�'-�`��
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<br /> • �.;� -� .:,• . remedies permitted by this Security Instrument w�!h�+u�further nniice i►r deman�i on,Borrowvr. , ,�;�:�
<br /> +t-�' �' ' • '� 18. Borrower'q Kight fo Reinstete. If,��;�r•i�wcr mects ccrtain run.litian•. Bum�wer�hall have �hc right to have •
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<br /> • �'�� ` enforcement of this Securiry lnrtrument discanti�ess�at any time prior�o ihr a:r�i:r af: fal S d�y�(or�uch nther periocf a� ;�� , .--
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