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<br /> ca�demn�tbn or a�her t�kin�of�uy p�rt oP�hs P�opeR�l,or ta coeveyanoe ia lku ol oondiawwloa,a�Meoiby wipbd�ud
<br /> tlWt be p�b w Leede�.
<br /> In thc or•ent of a 1aW takin� oP tha Pm�kAy. �he proceed, �h,�ll be�pplDed a ehe wms�ecurai by d�i• Socwicy
<br /> incaunxnt,whetl�er ar nat ihen duc,wi�h�ny excerx p�W to Bartawer. In the event of a p�tial tatcin;of the Ptoperty in
<br /> which ihe f�ir muket v�luo of the Prnpecty immedi�tely befae the takir.a i�oqual to or�rcuer th�ut the unouot of the uuns
<br /> ucured by thir Secudty In�rument immedi�tely before the t�icinR,unle::domower�nd L,ender aherwl��ree in writin�.
<br /> the�wnr securcd by thi�Secudty Iruwmont shall be redu�.rod by thrt amount of the proceed�multiplied by the folbwin�
<br /> _--� _ fraclion: {a)the tMel Amnunt ot the sume securcd immediate)y beforc the takinr,divided by(b)the fsir marf�ct value of the
<br /> E'�openy immedi�ttly befcxe t1x t�lcin�. My balance ahsll bc prid to Bormwer. In the event of�putW t�icing of tbe
<br /> P�o�eny in which the tifr mukct value ot ihe Pmpecty immediatcly befw�e the t+�king ic ksa than the ur�ount of the wms
<br /> aecurod immediatety befiw+e the t�lcing,unless Bonower ar�d I.ender atherwise a�xe in writ�n�or unlexi appUcabk kw
<br /> otherwlxe provlde�,the proceeds Yhall be applied to the wms sxurod by this Security lnswment whaher or not d�e wtm are
<br /> ti�n duc.
<br /> If the Property is ab�tdoned by Boirower,or if,after notice by L.ender to Barower t?u�t tho candemnor offers to m�ica
<br /> - an award or seule a clafm for ciamares,Bacrower fuils to respond to Lender within a0 day�after tho dau tha notice ic�iven.
<br /> - l.ender is�uthorized to callect�xl apply the proceeds,at its optiao.eithe�w r+e:Wration or rcpair of the Property or w the
<br /> sums securcd by this Security Insuument,whethcr or not then due.
<br /> Unicss Lcnder and Barower otherwfse agrce in writing,wty up lication of pra�eeds to principnl sh�ll not extend or
<br /> postpone the due dxte of the manlhly pnyments�efeRed to in parag�aphs I and 2 ar chmge the wnount of cuch payme�ts.
<br /> i l. flormwer Not Rrtea+ced; Fnrbearance By Lender Not a Waiver. Extensian of the time for payment or
<br /> modification of amortizuion of the sums secuecd by this Securtty Insaument granted by I.ender to�ny:ucoessot ir►lnterest
<br /> of Borrower shall not operae co release the ti�bility of the origind Barower a Borrowal�cucoessas in inte�t.L�endcr
<br />_:� _ shall not be requircd to commence proceedings aga�nst my successor in Intenst or refuse to extend dme for pAyment or
<br />=' ott►�rwise modify amortiz�tion of the wms secured by this Security Instrument by reason of wny dertw�d made by tho ai�nal
<br /> Borrowe�or Bomower�successors in intercst. Any forbew�ance by l.ender in exercisit�Any ri�ht nr oemedy stwll not be a
<br /> waiver of or preclude thc cxen:ise of any right or remedy.
<br /> 12. Successor�pnd Aui�ns Baund;Jotnt sad Several Liability;Casi�aers. Tt�e covenants and agra�mcnts of this
<br />:��� Security Instrument shall bind and benefit the successo�ond assigns of Lender and Borrower,subject to the provisions of
<br /> paragrnph 17. Borrower�covcn+nts and agramenu sluill be joint and several.My Bomower who co-signs this Secur�ty
<br /> Instrument but daes not execute the Note: (a)is co-signing this Security Insttument only to mortgage.grant and convey that
<br /> ;� Borrower's intercst in the Property under the tcrtns of this Security lnswmrnt; (b)is not pe�sonally obligated to psy the swns
<br />_ secured by this Securiry Instrument;and(c)agms ttwt Lender and any other Botrower may agnx to extend,madify.focbear
<br /> _� or make any accommodations with regard to the terms of this Securiry Instrument or thc Note without that Botrowerls
<br /> r consenl.
<br /> _ - 13. l.own CtwrAes. If the laan secured by this Security Inswment is subiece to a law which sets ma�cimum loan
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<br /> -
<br />� '• charges,and that law is finAlly interpreted so that the interest or other loan charges copected or to be collected in connection
<br /> ;';"�, with the Icwn exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduae
<br /> �f � �'�'•<! • the charge ro the pertnitted limit;and(bl any sums alreudy collerted from Borrower which exceeded permitted limits will be
<br /> � , ��� refunded to Iiorrower. Lender may chaose to make this refnnd by nducing the principal owed under th�Note or by making a
<br /> '° ' direct payment to Borrower. If a refund reducex pri�cipal,the reduction will be treated as a partial pnepayment without eny
<br />_ ,, �;� -'� • �i9 pmpaymrnt churge under the Note.
<br /> '"� v,w!�;,y;�•r,r�;+►_ t4. Notices. Any notice to Borrower provided fcx in this Security Ins[rument shaii be given by deiivering it or by
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<br />- �'`��+,�F"�,f,,vi�.::" mailing it by first cla+s mail unle+s upplicable law requires use of unother method.The notice shaq be directed to the Propetty
<br /> 4�:.
<br /> r;i'i,';����(�;,;,,,,,.,�,. Addmss or uny other uddresx Barower designates by notice to Lender. Any notice to L.ender shall 6e given by first clacs
<br />_i_ �.,n�,." ' mail to Lcnder's uddmzs xtuted herein or any other uddresx Lender detiignutes by notice to Borrowor. Any notice provided for
<br /> —��f'�y,s` in this Security lnxtrument shall bc dcemed to have hecn givcn to Borrower or Lender whcn given as provided in this
<br /> `,'Nj�4++:� ' paragraph.
<br />-- �:o,,.+v:�.��- . .'•;.� 15. Governin Y Y 8 Y
<br /> ;�;:..�,�;�.,,,..,,:. ,a,� g LAw; Severabilit . This Securit Instrument shall be ovemed b fedcrnl law and thc Iaw of the
<br /> .�•-•'�.4��°��=�'��•.-`:� jurixdiction in which the Property is located. In the event thut any provision or clause of this Security Instrument or the Noto
<br /> �X^�:s��_�;r��� �' conflicts with applicable luw,such conflict shall not affect other pn,visions af thix Security Instrument or the Note which can
<br /> ",��,_,:..� ;•,�'� be given effect without the conflicting provisian. To this end the provisions of this Security Instrument and the Note wre
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<br /> declared to be�evcryble.
<br /> ���.�:.. - 16. Borrower's Copy. Borrower shaU be given ane conformed copy of the Note and of this Security Inswmeat.
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<br /> ,+(n;;�, r 17. 71rAnsfer of the Property or a 8eneficial Interest in Borrower. If aU or any pan of the Property or any interest in
<br /> �:��; � � it is sold or trunsferred (or if a 6eneficial interezt in Bormwcr is sald or transfcrrcd and Borrnwer is not a nAtural person)
<br /> � ` '� �'' "� ' without Lender's prior written cament.Lender may,at its option,reyuire immediate payment in full of all sums secuned by
<br /> �; : �
<br />_ ' ti,'s��=;ci�'� � this Security Inxtrument. However,thi�optian shall nat be exercised by Lender if exercise is prohibited by federal law as of
<br /> -�' ' the date of this Security Instrument.
<br /> '�'•`� `'� �� If Lender excrcises this option,Lender�hall give Borrower notice of ucceleration. The notice shall provide a period nf
<br /> -- �;�:-�-�: . "�
<br /> _, ���=?=�� not Icss than 30 duys from the date the notice is dclivered or mailed within which Borrower must puy all sums secured by this
<br /> _�.�� � �:��''`-.,;',:� i Security In.trument. If Bc�rtower fails to puy these sums prior ro the cxpiration of this period, I.ender may imoke �ny
<br /> - �• x , . remedies pertnitted by this Security Inrtrumene withuut further notice or demund on Borrower.
<br /> � N.Y r 18. Borrower's R ht to Reinstate. If BoROwer meets cenain conditions, Borcower shall have the ri ht to have
<br /> �;"�'�'�'��`� �� enforcement of this Secn ty lnstrument discontinurd at any time prior to the eurlier af: (a)5 days(or such other periad as
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