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<br /> 93=10��0
<br /> oa�dKmn�at tx a�Mr t�kln�of wiy pNt of t6�Propercy.or far oonveyu�oe in Kw d oo�d�tio��+�Ir��nd�d
<br /> ai�tt ba pr�id to Lasdet.
<br /> In tho,ewnN af.�tpU{l:�i��i of the P�vperty. the �hill 6e �pplied tn the wnra securad by th�t 3aoudty
<br /> ew
<br /> InNnatMnt,whqRbqt or not�hqn cfue,with �ny excets p�i to�rcnv�r. In�Me event of�putW takin�of the in
<br /> which tha fik m+qtket v�1ue of the Property immedi�tely before the t�IclnR js eqwl to or�tsr th�n the�nwunt�m�
<br /> �aurad by thlt.SeGw�ty ImtNmenc immcdi�tely befae the Wcin�.unlea:Bomnwer and l.ender attietwi�e a�roe in wtitinj.
<br /> the sum��ecumi by this Seau�ity In�aument�h�li be�educed by the unount af thepr�ooeed�multfplied by the foliowina ,
<br /> fr�c{ian: tA)tttiy,Wta1�now�t ot ch�sums srcured immediatety bcforc ihe t�ng,divided by(b)the fair merkrt vnlue c+f�he
<br /> propc�ty jmmqpi�tR1Y befpx the t�ktn�. My b�pp shall be paid to F3ixrower. In the event of�p�ttial ukinR of the
<br /> Property Lt w�iGh�a.f�c.m�et v�lue of thq Prop�ty•i�tlptediately beforc the Wcing ia ku than the amount ai the ama
<br /> �ecuned Immaliataly:bafa�e the Wtiag,•unlpys_Bormww and Lender otherwise�Qree in wrlting or unless applk�ble Itw
<br /> ahcrwlse provida,tl�a�p��ooeod�shwll�ha qtqliad to tha:WnK aecu�rscl M'this Security In�aument.wlle�her or na the surru ue
<br /> thai dua.
<br /> If the Pno�etty is wb�ld�nAd by Bottvwer,or If.af[ut natioe by[.ender to Borrowar that the candemnor ofkra to make
<br /> an�wud cx seltlq:a alaim,jor,demases.Botrower fails to respond to Lcnder within 30 d�ys after the dat�thc notice is given.
<br /> Lender fc�wthnti�d e�collect�nd e�pp�y the proceeds.at its opt�on.eithar to restaration a repatr af the Propercy or to tt�e
<br /> swns secutxd by tl�e Socurity InstrumGnt,whether or not then due.
<br /> UnlaBs l.eador w�d Bocmwer oth�rwise Agcee in writing,any applicatlon of proceeds to prineipal shall not eatend or
<br /> poupone tt�Au�date af the monthly payments refem�d to in paragraphs 1 and 2 or changc the�unount of such payments.
<br /> 11. Botrower Not Rek�ued; Fabearance By Lender Not a WAivsr. Extcnsion of the tlmc for paymept or
<br /> modif►c�tlqn,uf a�morthation of the sums securcd by this Security Inatrument grnnted by I.ender to any successor in inte[�st
<br /> of Borruwor�hall not operue W releASe the liability of tha original Botrower or Borrower's successors in inurest. Lender
<br /> shwll not ba requined to commence proceedings Ageinst any successar in intercst or refuse to extend dme for payment or
<br /> otherwice mc►dify,amptt�Zaticm of the sums securod by this 5ecudty Insavment by reason of any demand mede by the ori�inal
<br /> Iiamwor or Barrowar.k xuccessars in interest. Any forbwrar►ca by Lender in exercising any right ar remedy shall not be a
<br /> w�ivor of ot pnecluda�thp�exe�riu of any right or remedy.
<br /> lb Suca�ssors pnd.�s.sl�ns Bound;J�t and Several i.iabWty;Co-signers. The covenonts and agceements of this
<br /> , Securiry Insuwtiant shall bind end benefit the successors�nd assigns of Lender�nd Bo�rower.subject to the provisions of
<br /> pstt�gcaph l7. Botrower�s covenants and agrrements sh�ll be joint and several.Any Bonower who casigns this Securiry
<br /> Inr�ument but�does not execute the Note: (a)is co-signing this Sewrity Instrument anly to mortgAge,grant ar�d convey that
<br /> Bomowork intarest in the Prnperty undcr the terms of this Sccurity Instcumcnt; (b)Is not personally obligated to puy the sums
<br /> seoumi by this Secudty Instrument;nnd(c)agr�ecs that L.endcr and any other Borrower may agnee ro extend,modify.forbear
<br /> or maku any accommodadons with regard to the terms of thts Securfty Instrument or the Noto without that Borrower's
<br /> cana�otit.
<br /> -._ „_, • ;3, �� i_���, (f�he Ioan securcd by this Security Instrume�t Is subject to a law which sets mAximum loan
<br /> �ctisugea,and that law Ss finnlly inte�reted so that the interest or othcr loun charges collected ar to be collected In connection '
<br />- —� r�ith the loan excad the pecmitted limits,then: (a)any such loun charge shaU be reduced by the amount necessury ro reduce
<br /> � the charge to the permitted limir,and(b)any sums already collected from Botrower which exceeded permitted limits will bc
<br /> t+efunded to Borrower. L,ender may choose to muke this refund by mducing the principal owed under the Note or by making u
<br /> I dircct payment to�orrowor. If a refund reduces principul,the reduction will bc treated es a partial prepuyment without any
<br />_ ! pmpayment chnrge under thc Note.
<br /> - -- � 14. Notkes. Any notice to Borrower provided for in this Securiry Instrument shall be given by delivedng it or by
<br /> f mailing it by ficst class mail unless applicuble law requires use of another method.The notice shall be directed to the Property
<br /> � Addr+ess or any other address Borrower designutes by notice to Lender. Any notice to Lender shall be givcn by first class
<br /> mait to[.ender's addrcss stated herein or any other address Lender designntes by notice to Borrower. Any notice provided for
<br /> j in this Security Instrument shall be deemed to huve bcen given to Borrower or Lender when given as provided in this
<br /> P�s�Ph�
<br /> 15. Governtng Law; Sever�bility. Thi,Security Instrumcnt shall bc govemed by federa{ law and the law of the
<br /> jurisdiction in which the Property is located. In thc event that any provision or clause of this Security Instrument or thd Note
<br /> conflicts with applicable law,xuch conflict shull not affcct other provisions of this Security Instrument or the Note which can _
<br /> ba given effect without the conflicting provision. 'Ib this en@ the provisionx of this Security Instrument�nd the Note are
<br /> daclered to be severable.
<br /> � ,;,��, 16. Borrower's Copy. Borrower shall bc given one canfornied copy of thc Note nnd of this Security Instrument.
<br /> . s� :.�y. 17. 'IFansfer of the Property or a Beneflrial Interest in Bor�ower. If all or any part of thc Property or nny interest in
<br /> ,N;Y �r� It is sold or transfermd(or if u betx:ticiul intere�t in Borrower i.rotd or transferred and Bonower is not a natural per.son)
<br /> " _�'"'• without L.ender's prior written coment,Lender muy,ut itx option,reyuim immediute payment in full of ull sum�secured by
<br /> _ �..ri�;,,..�.� this Security Instrument. However,this option xhull not be exercised by Lender if cxercise is prohibited by fcderal luw os of
<br /> ,;�w� the date of this Security Instrument.
<br /> - ---� [f Lender ezercises this option,Lender shull give Bormwer nntice of•rccrlerution. The notice shall provide a period of
<br /> --'�^ not less than 30 days from thc date the notice is delivered nr mailyd within which Borrawer must pav ull.ums secumd by this
<br /> �'� Securiry Instrument. If Borrower fails to pay thesr sumti prior to the rxpiration of this period, Lender may invoke any
<br /> �-•,._;:`.".- . remedies permitted hy thix Security In,wment withuut funher noticc or demand on Borcuwrr.
<br /> ' '�;:u _��- IS. Borrower's Right to Reinstate. (f Borrowrr meetti crrtuin runditions, Aorrowcr tihall have the right to huve
<br /> - M���'��-��� enfoecement of this Securiry Instrument dixontinued at any time prior to the eurlirr of: tu►5 duys lor such other period ax
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