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<br /> c«�demwion or other ukin�tot.ny wn otuie P�+opertr,«torconver•aoe(n uou otcond�rtwwton.�ro be�eby..+l�ned«d
<br /> _ — tlWl be pdd to Ixnder.
<br /> In the eveot af a tdal t�lcin� of t!x I�opeity, the pnnceedr �hall be �pplied to tMo sum� �ocured by thi�Security
<br /> Inshumcnt.whether or na then due,with�ny exce�s pdd to 9orrnwec. In the event ot�prrtld Wcin�{of the Propeny(n
<br /> whkh�he fair market v�lue of the Pnopeny immedi�tely befarc the uiking is oyuwl ta or�re�ter th�n the amount of tho wm�
<br /> �ecurod by thiu.�'iecurity In�trument imrtKdiitely beforo the talcin�,unkis Bocmwor uM Lender atherwise a�t�ee in writin�,
<br /> the�um�cacurod by thia Socu�ity 1nRuument shali 6e roduced by the wncwnt of tt�e proe.�ed�muldpliod by the followin�
<br /> _�---�------� tractfon: (u)the wtal amount of thc sums ucurcd lmmediat�:ls�bcforc the tafcing,divided by(b)the fair market value of thc
<br /> Prope�ty Imrtiuii�tely bafarc the takin�. Any bat�ncr shal be p�id to Bwrower. !n tho,event of� p�rtial tRlcing of the
<br /> - P��operty in which the fiir macket vrlue of the Propeny immodi�tcly befar+c the ixfcing ir I�ss than thc amount of the eums
<br /> �ocurcd immediately bcfore thc taking, unless Bortawer w�d L,ender otherwir,c agree in w�iting or unless epplicablo lew
<br /> aherwise provida,the procesds�il be applied ta the cumc�ur�d by this Security l�wtrwt�cnt whether or not the wm:are
<br /> thcn due.
<br /> If the Property is wbandoned by Bocrowe�,or!f.after natice by L�snder to Borrowor ttWt the condemnor offeB to mxke
<br /> �-- ----� an award or scttlo a claim for dama�cs,Borrower fails to respond to Lcnder within 30 duy�uftcr thc dute the notice is given.
<br /> � Lender is xuthorized to collect and apply the pnocads,at its optian,either ta rcstorstion w rcpair of the Prnperty or ta tha
<br /> � wmc securcd by thia Securiry Instrument,whether or�at then due.
<br /> Unkss L.ender and Barower otherwise agrce In wr�ting,any upplication of procads to principal shall not extend or
<br /> postpone th�dua date of thc monthly payments refemed to in puagraphs 1 and 2 or chango thv�mount of such payments.
<br /> 11. Borrower Not Rele�utedt Forbea�rana Ry Lender Not A Watver. ExccnRion of the time for payment or
<br />"�' i modificat�on of wnatization of►he sums secured by this Security Instnrment granted by I.ender to uny successor In interest
<br /> of Borrower ahall not operate to release the liabiliry of the cxiginal Borrower or Borrowvris succeswrs in interest. C.ender
<br />__ shali not be requircd to commence proccedings uguinst uny succes.sor in intemst or mfagc to extend time for payment or
<br />-- _ otherwise modify amortizat�on of the sums secured by thic Security Instrnment by reu�an of:u�y demand macie by the origin�l
<br /> Borrower or Borrower's successors in Interest, Any forlxamnce by Lendor in exercising any ai�ht or rcmcdy shall nat be a
<br /> waiver of or preclude thc exercise of any right or cemedy.
<br />,;;,�` 12. Successor�and Assi�ns Bound;Jotnt and Several Ltability;Casi�ners. Tha covcnants and a�reements of this
<br /> Secudry Instrument shall bind und benefit tho sucassocs and u�signs of Lender and Borrawer,subject to the provisions of
<br />-�� paragraph 17. Borrowers covenants and�greements shall be joint and several. Any Borravrer who co-sigm this Security
<br /> ,�r Instrument but daes nat execute the Note: (a)is co•signing this Security Instrument only ta mc,rtgage,grnnt and convey that
<br /> Borrower�s inter�est in the Propeny under the tem�s of this Security Instrument; (b>is not pe�soually obligated to pay the sums
<br />��1 i secured by this Security Insuumenr,and(c)agrees that Lender and eny other Bu�mwer may�ree to extend.modify,forbeaz
<br /> �i or make any accanrnodutlons with n�ard to the terms af this Security lnstrument or tht Note withaut ch�t Bomnwer�
<br /> � consent.
<br /> -`. � ' 13. Lopn C6uees. if the loan secured bv thts Securitv Instrument is subject to a luw which sets maximum loan
<br /> �,
<br />�" ' ' � charges,and that law'ts finslly intecpreted so that�the interest ar other loun churges callected ur ro be callected In connection
<br /> • �° �Y, with the loan exceed the permitted limits,then: (a)any such lonn chazge xhall be reduced by che amount necessary to reduce
<br /> ��•T;�;�x,yi�a. ; the cha�ge to the permitted limit;c�nd(b)uny sums already collected from Burrower whichexreeded permitted lirnits will be
<br /> ��•�� '���••� � refunded to Borrower. l.ender mn choose to muke ihi�refund b reducin the nnci 1 ow�d uuider the Note or b m�lcin a
<br /> ',,S';u' Y Y B P PA Y 8
<br /> -' "��'�?'` ' ' ' direct a ment to Barrower. !f a rcfund mducev riix:i rl the reduction will l�e treuted us a �al m ont without an
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<br />_ '���`;::;��,,`,,�;,�:;� ;, prepayment charge under the Notc.
<br /> - �•.•��•.;c"-° ��'� 14. Notiees. Any notice to Binrower prrnided for in this Securiry Intitrumcnt�hul[h;given by delivering it or by
<br /> �,...�� 1
<br /> �►;�'«�':.i4;�r;:L':, mailing it by first class mail unless applicuble I•rw myuiro�usc of another method.The notice�hail be directed to the Property
<br /> : �,.;.::::.�f•��+t�-� Address or any other addrrss Bortower designates by noticc to l.cnder. Any noticc to LenJer xhali be given by firs►class
<br /> • �»wt+�u�= ��• •-•+;�•�•. mail to Lender's addretis stuted hercin or uny other uddrc.s Lender designutes by notice to Borrowcr. Any notiec provided for
<br /> '•;r,?`•�°'- '=:;;.: in this Secudty Instrument xhull t+c dcemed to huve been given to B��rrawer or Lcndar when given as provided in this
<br /> ,,: �,,,,.�1.��.�.,_�..�iC•:' p:►ragrnph.
<br /> 4�#;w,,���,t.,•l�,:: I5. Goveroing Lww; Severability. This Security In�trument .hull be gc►vrrrx:d by fideral luw and the luw of the
<br />. , �,, jurisdiction in which tfie Pmpeny is locateJ. In the event that iiny provixion or clause ot'ihis 3ecurity Instrument or the Note
<br /> ��' ' '' confliets with applicuble law,such conflict shall not nffcct other provi�ions of thi�Sccurit�(nstrumrnt or the Note which can
<br />:} -:';r?�r.. •. -�r° be given effect without the ronflicting pruvixion. To this end the provisions of'this Security Instrument and the Note ure
<br /> ";, ",,{�::,. . ' declared to be severable.
<br /> �- + �s'�' ' 16. Borrower's Copy. E3orrower shall fx given n�e conformed cupy oE the NiKC und of this Security Inxtrument. -
<br /> �j����� •� 17. 1'ransfer of thr.Property or a i3eneflciat lntere�t in 8orrower. If aU c>r,►ny pan of thc Property or uny intercst in
<br /> ' •,� • it is sold or trunsferccd(or if u lxneticial intcrc.t in Bormwcr is svld or transfrnrd and Borr�wer is not u natural penon)
<br /> ' withaut Lender'.s prior wrinen consent.Lcnder may,ut it.option.require immcdiatc p��yn�ent in full of ull sums urured by
<br /> ��.. �r,....,_: : this Security Instrument. However,thir option�hull not lx;cxrrcixed by Lender if�xrrcise is pmhibitcd by federal luw as of
<br /> '` • �'~�`'� " ' the date of this Security Instrumcnt.
<br /> _ �, ,y:�,;,,� _ If l.ender exercise�this option,Lender shull give Borrower n��tire of acr�l�ratiun. The nuticc xhall provide u period of
<br /> _ :.;r. not]ess than 30 days from the date thc notice i.delivercd or muiled within which B�x�rowe�ntust p�y all sums u�ured by this
<br /> �"•';� Security lnstrument. If Borrower fail� to pay thru ,um� prior to thc expiratia� uf tais perial. Lenckr mvy iavoke any
<br />._,'" ' p - remtdies permitted by this S�tiurity In�trument withi�ut funher n�xice or demand on BMZawrr.
<br /> j�, ';' 18. Borrower's RiRht to Relnstute. If Bnrruwrr mect. ccrtain randiva�s. Horrowcr ,haU hav� the right to havc
<br /> �•�_�:�,�:='`,�'. � '• '' - ' enforcement of this Security Instrumcnt di�continucd ut any timr prior to tlx c:ir{ier of: �a)S dayx(or such other period us
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