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<br /> candenwitian oe dhor Wcia��f'�nY Wn����Y�a for caavey�nce in lieu of cadanxwion�ore henby wi�ned Nnd
<br /> � .Iwdt bs p�id ta 1.enAer. _
<br /> In the event of�totii akie8 of the Prop�RY. � proc�eed� �h�ll be applied to the �urtu�ecarod by thix Sacurity
<br /> �nspuma��whether or�wt tha�due,with any ezces� id to Bonowsr. In the event of a patial ukin�ol the Property in
<br /> which the filr ma�Cet vtlue of thc P�npecty Immedf�tely befara the t�kin�is eqwl to or�rcaiter th+ut the�tt�ount of the surtu
<br /> �ecurod by this Socuriry Instrumcnt fnunediately beforc the tal:ing.unkes Bo�rower u�d L.ende�dherwise�Qrce in writin�.
<br /> the wm�securod by this Secudry Irutiurtknt shdl be reducod by the unount of the p►ocoodr multiplied by the folbwieQ
<br /> fraction; (a)the total�mount of the sums securcd immediuety beforc the taking,divided by(b)the fair market v�tlue of the
<br /> �� Eh+operty immedi�tely befarc the t�king. Any b�t�nce chtll be Mid ta Borrower. In the evnu ui'K pwrtixl tY{cin�of tlx �- -
<br /> Property in which the f�r market v�lue of the P��operty immediau�Y beforc the Wcin�is less than the�mount of the wmi
<br /> cecurcd immodiately befa�e the takin8.unkcc Bomower w�d I.ender otherwise aQree in writing or unleu spplicabie 1�►w
<br /> aherwlsc p�ovida�the proceo�ds�hall be appliod to the wmc�ecured by this Saudty Incttumer�t wt�etfkr or not the�are
<br /> tha�due.
<br /> If the I'ropeRy is ab�ndoaed by Barower.or if.�fter notice by Lender to Borrower thwt the ccx�demnor offers to m�lce
<br /> •n award or senk a clr+im for dama8es.Bomawer fails to respond to Lender within 30 clays siftcr the date the�x►tice is given,
<br /> I.ender is authorized to colkct�nd apply the prococds,at its option.eitlxr to restorwion or rcpair of the Propeny ar to the
<br /> �socurod by this Security Instrumenti wlxttKr or not then due.
<br /> Unkss Leoder anrt Borrower atherwisc Agra in writing,any applicsdon of procads to principal shali not cxtend or
<br /> postpone the duc date of the monthly payments�+efemed to i�parWgrxphs 1 and 2 or change tho�unount of such payments.
<br /> 11. Borrower Not Reks�edi FarbeaMaa BY Lcad�r Not A Wiitve� Extension of the time for payment or
<br /> '— madificat�on of amortiu�tia�uC d�e swns sccnred by this Security Instrument sranted 6y Lender to any succeswr in inte�+esc ___
<br /> of Bocrower shall not opeiate to rckase the liability of the original Borrower or Borrower's successorc in intetest.Lender
<br /> — shall not be requi�ed to commence praceedingc against any successor in intercst or rcfuse ro extend time for payment or ___ _
<br /> = otherwise modify amoRi�tion of the sums securai by tbis Security Instrument by reason of eny demand made by the origirt�l ___
<br /> - Barower or Borrower�successors in interest. Any forbearance by Lender in exercising any tight or rcmedy Fhall nat be s
<br /> � waiver of or preclude the exercise of any right or remedy.
<br />-::! 12. Successorc and Assi�ns Bound;Joint�nd Severni I.inbility:Casigners. The covenants and agreements of this
<br /> - Security Instrument shall bind and benefit the successon and as�igns of Lender and Borrower.subject ro the provisions of
<br />=�._� paragraph 17. Bamawer's covenanu and agreements shall be joint and several. Any Borcower wha co-�igns this Security _
<br /> •• Insuument but dces na oxecute tt►e Naee: (a)is co-signing this Security Instrument only to mortgage.grant and convey that
<br /> `n�• Bomnwtr's interest i�the Property undcr the temts of this Security Insuumenr, (b)is not personally oblignted ta pay the sums
<br /> � _ secured by�his Security lnstrument;ond(c)agrees that l.ender and any other Borrower may agree to extend,modify,forbear
<br /> --._ or make ony accommodations with rcgard to thc tertns of this Security ln�trumcnt or the Note without that BorrowerS _
<br /> `, consent.
<br /> =-':�• I 13. Loan Charqes. If the lo�n secured by this Security Instrument is subject to a law which sets maximum loan
<br /> . - charges,and that iaw is finuiiy intc�p�r�z3,�t�at thc intzresi ar a�her lazn charges co!letted ar to be co!lcctcd in connectlon
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<br /> � with the loan excecd the permitted limits.then: (u)uny such loan charge shall be reduced by the amount necessary to reduce
<br /> +.;:.�,,; � .� the charge to the permitted limit:und(b)any sums ulready collected from Bormwer whicfi exceeded permitted limits will be —
<br /> 'r���"' refunded to Bormwer. Lender may choo.r•e to make this refund by reducing the principal owed under the Note or by making a
<br /> 5�.��r
<br /> - n ,; t�j��• < I direct payment to Borrawer. If a�efund reduces princip•rl,the reduction wil!be treated as a partial prepayment without any
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<br /> �;,:.:�:t ! prcpayme�t charge under the No�c.
<br /> � 14. NMFces. Any notirc to Borrowcr pruvided for in this Securit}• Instniment xhall be given by delivering it or by
<br /> •,#.ir��.r.r.f:. .., . r�_�_
<br /> ,. .. mailing it by�nt cla.ss mail unless applicable law reyuires use of anuther method.The notice sh•rll be directed to the Property
<br /> ���`'� �'� � 1 Address or any othcr addre+�Borrower dexign:�teti by notice to Lender. Any notice to Lender shall be given by fint class
<br /> ," .»l�n�;.'., . ..
<br /> ,�yi;�,R:,,,,�,:,,, � mail to Lendcr's uddress stutcd hcrcin or any other addres,Lendcr desiFnate+by notice to Borrower. Any notice provided for �^
<br />� :�;•�.<= • ."�_r� in this Sccurity Instrument �hnll be decmeJ to havc been given to Borrower or Lender when given as pravided in this ""
<br />-„�_ , paru�raph.
<br /> ��;:y:,.,,._� 15. Governing Law: Severubility. This Security Instrument shall be guvemed by federal law and thc law of the �
<br /> •,.�ri�trr� , . jurisdiciion in which ttx:Property is located. In the event tfiat:u�y provision or ctuuse of thi+Securiry Instrument or the Note �ti,
<br /> •._ ,•. ccxiflict.with applic:►ble law,such conflict tihall not affect uther pmvirions of thi.Serurity lnstrument or the Note which can f;'
<br /> •KV.-.y�.."• �Cµ + be Fiven�ffect withewt ttk contlicting provision. To thi.end the provizions of chi. Security Instrument and the Note are �_
<br /> �� . -, declured to be.e�•crablc. �-
<br /> ' 16. Borroe•er's Copy. Bixmwer tihall b�givcn onc conti�mird rnpy of thr Notc•rnd uf thi�Security ln�trument. �;�;:.
<br /> °' 17. 'I��nsfer uf the Property or a I;eneflci�l Inte�est in Borrower. lf all ur any part of the Property or any intrrest in ..._.
<br /> '"' it i�sold or tr:ui�ferred ror if a txneticial int�rc.t in Borrow�r i�,old or tran.f'erred:md Borruwcr iti not A nuturul person) "�
<br /> . ">.; without Lender:prior written ran.ent,Lender mav,at it.option,reyuirc immedi;�tc payn�ent in full of a11 sum,secured by �,
<br />- . � this Sccurity lntitrument. However,this option.hall not be exerci.ed by Lender it'exrrcisr i.prohibited by federal law us of ' -
<br /> �-- t^;':�`�"''� • the dute of thi.Securit In.trument. ��".
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<br /> _ �.,,i;' � If Lcndcr ezercise.thi�uptiun,l.endcr shull givc Borrower notice of uccelcration. Thc notice shall provide a period of �"
<br /> "•` � na tcss than 30 days from the datc the notice is dclivercd or mailcd w•ithin which Burcower mu.t pay ull sums,crured by this
<br /> � _� , . . Sc�urity Instrumcnt. If Borr��wer fails tu pay thc�c sumti prior ta the expiration of thiti period. Lende�may invoke ;u�y �. .
<br /> �' � temedicx{xrtniucd b�•thi+Srcurit}�In,trument a•ithuut furthcr notice or dcmand un BoROw•cr.
<br /> +: lli. Borrower's R(ght tu Reinstate. If Borruwrr m�et+rcrtuin randition., Rorn�wer �hall havr the right to have �'
<br /> = enforcement ot'thi.Securit� Imtrument di�rontinurd at any time prii�r to thc earlier of: ca►S day.cor.urh other period as
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