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<br /> coedemn,uian«aher alcin�of.ny pan o1'�he Prnp�ehy.ot fix conveywue in Iku uf caukewtlan.+ue hercby�sci�ned u�d
<br /> _-_---- :hull�p�fd ta Len�.
<br /> In tha event oi r totul toki��of tha Property, thaproc actr� xhull be rppNed to the xumr� �ecured hy thts Security
<br /> In�t�ument,whether ar nut thcn due.wfth pny excers paid to Horrowe�. In ihe event of e punial tokin�af she Property in
<br /> whlch the Gir mukc�v�lue of Ihe Pmpeny immcdfately txforc thc tuking ix oyuul ta or grcwter than thc amount of the sumx
<br /> xa:urcd by thiK Secudry lnntrument immedlAtoly bcfore�he tuking.unles�Borrower und Lcnder wherwisc agrce in writing.
<br /> the�umr aecurcd by this Security lnstrument Rhall be rcduced by the amcwnt af Iheprocads multiplial by the foilowing
<br /> — frncti�m: (e)�be tae�a�mwnt of the xum�:«xu►ed immediately bcforc the taking,diviJed by(b)the fair murket vulue of thc
<br /> �� � Property immcdfatcly bcforc thc takins. Any balance shell be puid to Hormwer. lo the cvent nf a paniut taking of the
<br /> Propeny in which thc f�ir m�rl;et vulue of thc Pmperty immediately before the taking is les�than the nmount af the sum�
<br /> �ecurcd immediately bcfor+e thc tutcing,unlexs Barcower attd Lcnder otherwisc agree in writing or unless applicable Iaw
<br /> aherwlse providec.the praceeds rtull be+�pptied to the sumA�ecurcd by this Security In�trument whether or not the sums�are
<br /> ^`� then duo.
<br /> — If thc Propcny is ubandoned by Aa�rowtr,or if,aftcr noticc by Lender to Borrower that the condemnor offcr�to makc
<br /> an award or sett�c a claim far ds�mage�,fiarrower fuils to respond to I.endcr within 30 duys after the date thc natice is given.
<br /> Lender is authodud to collect and apply th• prnceeds,at iu+option,¢ithc�to restoratian or repair of thn Property or to the
<br /> sums socur�d by this Security Instrume�n,whether or not then due.
<br /> Unless Lender and Borrawer otherwise agree in writing,any upplicution of proceeds to principal shall nat extend or
<br /> postponc the due date of the monthly payments referred to in paragraphs 1 ar�d 2 ar chango tha amount of such paymcnts.
<br /> 11. Borrnwer Not Rekascd;,Forbearance By I.ender Not a Wpiver. Extension of the timc for payment or
<br /> -- maiification of amonization of the sums secured by this Security Instrument granted by Lender to any successor in interest
<br /> _-- of Borrower shall not operate to rekase thc liubiliry of the original Borrower or BoROwers successors in interest.Lender
<br /> shnll not be re uir�l tu cummriwe praceedings against any successar in interest or mfuse to extend time for paymeot or -
<br /> - othcrwise modi�ty amortixation of the sums secured by this Security instrume�t by rea.san af any demand made by the original
<br />-- ,��M�. aorrower or Borcower�successo�c in interest. Any forbeumnce by Lender In exercisin�any right or remedy shall not be a
<br /> t 'r;`;.�• waiver af or preclude the exercise of any right or remedy.
<br /> r��""_ �''"�i0____ 12. Successo�s and Ass9gns Baund;Joint and ScverAl Liability;Casigners. The covenunts and agreements of this
<br />':H;�'.: '�. Security Tnstrumeat shall bind and benefit the successors nnd Assigns of Lender and Borrower,subject to the provisions of
<br />':,;3�.' paragraph 17. Horrower�s coven:+nts und agreement�shall be joint and scverAl. Any Borrower who co-signs this Security
<br />'.\�:'���; ; Instrumant but dces not execute the Note: (a)is co-signing this Securiry Instrument only to mortguge,grant and convey that
<br /> Borrower's interest in the Propeny umieer the terms of this Securiry Imtrumcnr, (b)is not personally obligated to pay the sums
<br /> �3,�� secuned by this Security instrumenr,and(c)agrces thut l..ender and uny other Burrowcr may ugrce to extend,modify,forbear
<br />— or make any accommadations with�regurd to the terms of thia Security (nstrument or the Note wlthout thut Bortowerb
<br /> �:_� consent.
<br /> = 13. Lwm Char�es. If the Inan secured by this Security In�tn�ment ix subj�ct to u luw which sets muximum loxn
<br /> " ehurges,and that luw is finuqy interprcted tio ihat th�mtemst or uther laan ehurgec coiiected or ta fic cuiieried in cum�ccti��i
<br /> ' a with tho loun exceed the permitted limits, then, (u)uny xuch luun churge�hull he reduced by tlx umcwnt nece�sary tu reduce
<br /> tho charge to the pertnitteJ limit:anJ(b)uny xum�ulready cullectcd fr��m Born�wcr whirh excecded pennittcd limit,will hc
<br /> ' refunded to Borrower. Lender may chexne ta muke this refund by rrJuring thc principal uwed under thr Nute or by muking u
<br /> dtrect puyment to Borrower. If a rofund re�iuces princlpul,th�mduction wili lx trcuted ux u paAiol prepayment withaut uny
<br /> ! ,'��: Ar�;.:',',�:, ptrspuyment churge under the Notc.
<br />'a �•�:Y�::.'.��?;....;.
<br /> _ 14. Notices. Any noticc ro Dorrower pmvided for in thix Securiry In,trument.hull be given by delivering it or by
<br /> � ��*�•�+� �r�. `� mailing it by first clnss mail unien.r•applicublc I•rw reyuin�x usc uf unother method.The notire shull tx dirccted to the Ptaperty
<br /> �� ".``" � Addr�ss or any other addrers Borrawer de+ignateti hy notice ta Lender. Any notice to Lcnder.hull be given by first clasti
<br /> . . �._.., � .. ..
<br /> —_ ``6••.• .�-, ���' mail to Le:nderl nddress stuted herein ar uny othcr:�ddre�s Lcnder de,ignuteti by notic�to Borrower. Any notice provided for
<br /> .�„"��-. -�� ,� in thir; Security Instrument shall be deemcd to huvr txen givrn to Borrower or Lender when givcn as provided in this
<br /> •�a, L fi;':�:..�..J'`,`: putngraph.
<br /> °'�"�-��Fy� � 1S. Governing LAw: Severabtlity. This Security Instrument shall bc gavemed by federal luw und the laa of thc
<br />. �� ��*;:`;�••�+: jurisdiction in which the Property is locuted. In the event thut imy provi,ion or cl•ruse of thiti Security Instrument or tlx:Note
<br /> ` ���'`� :'•'�• confliets with applicable law,sueh eonflict.hull not affect other provi,iuns oi thi.Security Inxtrument or the Note which c•rn -
<br /> 7�:,t.
<br /> ,�.+';�;c'{�,��7;,,t,�,"�.. be given effect without the cuntliciing provision. Tii thiw end the provixions of thiti Security Imtrument and the Note ure
<br /> � r�3�;a;� declered to be severhblc.
<br />_ ` q:��'.r+,,:';ti�: . ; 16. Horrower's Copv Borrower shall tx givcn one confonnrd ropy of the Note und of this 3ecurity Instrument.
<br />- «�•� ;:���, .•• . 17. 'I�ansfer of the Pro1►erty or�Benefictal Interest in Borrower, lf all or nny part of tbe Property or uny interest in
<br /> ��:�'"• ''•� � � it is sold or tran�ferted (or if a a:ncficial interc,t in Borrower is �old or tran�frrnd und Bnnuwcr ir not ;►naturul person)
<br /> 'n �'�Y• ~ ��' without Lender�prior written cunrrnL Lendrr ma►y,at it.option, myuire immrdiatc payment in full of all sums�ecured by
<br /> _ :�: �y�„'�;:�°�' this Securiry Instrument. However,this option shull not be exerci�ed by Lender iT cxemitir is prohibited by federul law as of
<br /> - ':�;�.'�' the duto of this Security Instrument.
<br />=•— -i��"..:...�� � If Lender exercises this option,Lender shull give Burrowcr noticr of uccrlrrution, The notice shall provide a period of
<br />��'��,,�,. not less thnn 30 duys from tlx date thc notice iti delivercJ or mstiled within which Borrower must pay aU sums secured by thix
<br />�'=°� � I . 5ecurity Instrument. [f Borrowcr fuilx to pay these tiumti prior to the expirutiun of this periocl, Lender muy invoke uny
<br />"'�'�"— • � � remedies pennitted by this Security In.trument without funhcr notice or demund un Borraa•er.
<br />�� �*::,�.'-�Y t�: 18. Borrower's Riqht to Reinstate. lf Borniwrr mectz c:rnain conditiom, Borrowcr�hall havc thc right to havc
<br /> _ - , enforcement of this Securhy lnvtrumcnt di.amtinucd at any eimc prior to thc rurli�r ot: tul S duyti(or.uch other period as
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