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<br /> -- 91- 1 U8818
<br /> candemns►tian or aher tuicing uf�u�y pun of ttu;Propeny,cx Far convcyuncc in lieu af cundemnution,ure hercby asxiZncd�td
<br /> shull be paid�o L.encicr.
<br /> In the event of a t�eul tuking uf�6e P►opchy, Ihe Pnx:eetl+hholl be opplicd to thc .umx .�curcd by thix S�:urity
<br /> _� Inxtrument,whethcr�w not�hen due,wi�h uny exresw paid to BuRawer. In ihe event uf a paniul tuking�f thr 1'in�pcAy in
<br /> which thc fair murket vulue af Ihe Pn►peny immediutely fx:farc�hc ml;ing i,��uul to ar g�eater ihun Ihe umoum ui'thc xumw
<br /> securcd by this Security In.c�n�ment imm�liately befarc the tuking,unlesx Borrower und Lende��Nhenvi.e ugree in w�itin�,
<br />.�_=_,r._ __-_� �he sums necurrd by�his Secu�ity Intitrument shull be rrduced by�he amaunt uf�he pr�xeedx mui�iplicd by the taUowing `
<br /> -- frs�ction: (A)Ihe totpl amount af the sumx r,ecurzd imm��iiulrly befi�rr tl�tul.io�t.Jivided by(b)IIk fuir u►;ukct vuluc af the
<br /> - ----__ Property immediutely Nefare the tAlcing. Any bulunce shull be puid to Burrower. In 1he event of u punial iaking of Ihe
<br /> PropcAy in which the fuir mvrket vulue of the Prapeny immediutely befun:thc tuking ix Icw.�han the nmount ot'the.umx __Y
<br /> _ securcd immediately before thr tul:ing, unlesy Borrowcr and Lender aherwi� og�e in wnting��r unle.+ applic�blc luw -
<br /> —��.-� athervviae provides. 1he proceeds shall be upplied�o the sums secured by ihis Securily Inxln►ment whether or not the aumx are
<br /> ��_;� then due. � _..
<br /> �f�he Propeqy i�ubandaned by Borrower,or if,uRrr natice by Lender to Bortawer thut thr c�x�demnor offerx tu make
<br /> _---- un uwurd ar�etde u claim for damagew,Borrower fails to respond to Lender wi�hin�Q duy+ufter�hr Jair tl�r no�ire i.given,
<br /> -•�fza�;' : Lender is au�harized ta callect w►d upply the praceed�,ut itr optian,ei�her to rextarution or rcpuir of�he Propeny or to the
<br /> s---=_--=;-�� sums securcd by lhis Security In�trument,whether or na�then due. � _
<br /> Unless l.en�ler nnd Botrowe�wherwi�:e ngree in writing,uny applicution of proceeds ta principul ghall not extend or
<br /> _==,;,-.:•�;,t;' postpone the due date of the momhly payment�refeRed ta in puragrnphs I nnd 2 or change�he umount of such puyment�.
<br /> �``'''"""=� 11. Borrower Not Releasedi Forbes�rance By Lender Not a WAiver. Extentiion af thc time for payment or --
<br /> '��� modification of amortizution of the sums xecured by this Security In�trument grnnted by Lender to any successor in imerest
<br /> -u— �' of Borrower shall na opernte to releASC the liubility of'the original Borrower or BorrowerS�xucceswn m interest.Lender ��"
<br /> — - --;.+,,;.r� --.-
<br /> shall not be reyui►ed to commrnce praeedings ugaiost any .uccesxoT in inlerew or refuse tu extend time f'or payment or
<br /> s.,�,r����.:�: otherwise madify amartization of the sums secured by this Securih•lnstrument by�rca�on of uny dem,u�d mude by the originul
<br /> _�..,,..•L�:.���•. �'�_•
<br /> ���-:��,�.....• Borrower ar Barrower's successon in interest. Any iorbearunce b�•Lender in exen:ixing+uiy right or rcmedy shvll not be n ��;..�;
<br /> , , ���., wuiver of or preclude the exercisc of uny right or remedy.
<br /> �'�r� a.;�;�; 12. Successors and Assigns Bound;J�nf and Several LiaAilitv;Caslgners. The covenants und agreements of this ��=���
<br /> -�-��-t.-, �F:`.�;� Security Instrument rhall bind uod beneFt the successon und assigns of Lender and Borrower,subject to the provisiom of
<br /> �_�
<br /> —„�,;�:r;, , ;.p� parogrnph 11. Borrowerq covenantx and agreemem4 shall be Joint smd seveml.Any Borrower who co-signx this Security `^
<br /> �������'����;';b .'° Instrument but dues not execute the Nute: (a1 ix co-signing this Security Inst�ument only to monguge,grant and convey thnt �.
<br /> - �' Borrower+interest in the Property undtr the terms of this Securiry Instrument: Ib)is not p�:rsonally obliRated ta pay the�um� �'-�--
<br /> .�;a;•,•,fi���s�.r�`� recured by Ihis Security In�trumenr,und(c)ugree��hut l.ender und uny othe�Borrower muy agree tu extend,modify,Porbear �;_�_
<br /> -__'�? • or make any accc►unnodmions with regurd ro �he terms of this Securiry Imtrumenl or the Nae without that Bomowerk ��•�,
<br /> �_..�� conrent. --
<br /> — - - 13. I.own i:i�M+'1t�t'+. il the ioan sccurcd by shi;Securily Instrumens Is subject to u !aw which �et. mazimum loan ___
<br /> '��� ._.,
<br /> ���;;`fJ.=,� __•- charges,and thut luw iti finally interpreted so that the intereat or alher loan charges collected or to he collecred in cannection ��,_
<br /> -"�""' wfth the loun exceed the pertniaed limits.then: lu►xny such lann charge ahalf be reduced by the anxwnt r�essary to reduce
<br /> >.'Q�:' .:r �,.1�,.,,.*,'-
<br /> ���' '�. '� , ,_ the charge to the permined limir,and(b)uny wmc alreudy collected from Boimwer which exceeded pertnitted limits will be
<br /> R,;,.:��,��; refundeJ to Sortower. Lender mAy chaose to muke this refund by reducing the prinripal owed under the Note or by making a �:-
<br />- ��•; �.'°' '�•�•t direct paynxnt to Borrower. If u rei'und reduces principal,the reduclian will be ueuled us a puniul prepayment withoW s►ny
<br /> . �S1n}�i�.,. � c.
<br />_� �,.�..� prepayment churge undcr the Note. � ��,
<br /> � o�.d �� .ars��� S 14. Notices. Any nntice ta Bormwer proviJed Pcir in �his Security Instrument shull be given by delivering it or by .;,,,
<br /> '�' +� � ���+;, mailing it by firs�class mail unlc+s applirubte luw reyuiR+usc of unothcr mr�had.The notice tihull t►e dir��cted to thc Propeny --_-�-
<br /> �.� -;.� �1�_
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<br /> . , . Addresti or any other uddres�Borrowcr de.ignutcs by naticr�o Lender. Any notice ta Lender shull tx given by fint clas� �.;,.
<br /> �"� .�.,�,'�, .- mail ta Lender's addresx s�u[ed hercin or uny othrr addrcti.Lender de�ignates by nntice to Borrower. Any nntice prrnided for -
<br /> � w-::—
<br /> ' v"' in this Sccurity In�trument xhall !x dcemeJ to huvc t►een givcn�o Bnrrowcr or Lrnder when given a� provided in this __-
<br /> ,: �� ` a. �
<br /> � paragrAph. .���
<br /> - ' ��;�`��` � . IS. 4overninq l.�w: Seve�abfUty. This Securiry In.vumen� tihall Me �ovemeJ by federnl luw and the law of the r,,�;a
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<br /> - -�»..;_.. jurisdiction in which the Prc�perty ix IixateJ. In the event�hut uny provi+i�m ur rluu+e of this 5ecurity In�lrumeot or Ihe Note 7�-
<br /> ='-� conflicts with u licublr law,�uch con8ic�sh•rll n��t afiert othcr provitiions��f thi+Security Instrument or the Note whinc�un
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<br /> - ��= be rven effect wilhout thr conflicting provisiun. 'li�this rnJ the pmvisionx of thi.Securny Instrument und the Note sur
<br /> �,,�sc-:�.i��,`�<<.;n . B
<br />_=� �.�1,� ; :�3',?!�;,�. declarcd to be ycvemNle. � �..
<br /> •`., }��, 16. Rorrower s Copy. Bormwer�hull lx�.i�en unr ronformeJ copy M'ihc Notc und ot'thi�Sccuriry Inswment. �.._
<br /> !�sSKtie:•,'."� `' 17. 'IYnnsfer of the Property or a Beneficial Intere.r•t in Borrower. If all or uny prn uf�hc Property or uny intercs�in �Y
<br /> �"p"`'��'' ' • it is sold or trunsterred lor if n beneficial intcrc.t in Burn�wcr i..olJ��r tran.ieRed und Bormwer is not u nuwrul penon) r•-
<br /> -=:8:,,}1Ss.tk. . .,
<br />_ -_-��_�_ - '•' � without Lender's prior wri�te:n consen�.Lender muy,ui its option,reyuirr immrJiute puynient in full of all sum�.ecured by ��
<br /> y_�-.�;.�y^ -�{s�'�r.. this Securily lnstrumenl. Howcvrr.thi�option shull na he rxcrcised by l.cnder if caercise ix prohibitc�i by federul luw us of �
<br /> _--- �.���.`•i�•� the dute of�his 5ecurity In.�rument. �
<br /> �'"�''. ''. ��`•� '• If Lender exercisr,�hi,uplion.Lendcr xhall givc Borrowcr no�ire of accrlcru�iun. Thr mHirc,hall provide u period oi
<br />..-:��:.�,�i'.: "�:•i� = ' �
<br /> not Iexs Ihan 30 duys from Ihe date the ncitice i�drlivereJ nr mailcd within whirh Borrowrr mu�t puy all.um.+ecurcd by Ihi,
<br /> �" � • • Securi�y Instrumem. II'Borcowrr fuil. tu pay Ihe�e sum� prior to dx rxpiratian of ihi. �xriai, Lender may invoke uny —
<br /> rcmedies pemiillcd by�hi.Srcurity Invtnmient a�ilhi�ut(unhrr notirr ur Jemnnd�H�Borroacr.
<br /> �� • . .•��''����. 18. Borrower's RIRht tu lteinstate. If Bonnµ•cr mre1. ccrtuin rimJili�m,, Rnm�w•cr tihull have thc right to huve �"
<br /> . 'i�r��.t''• 5
<br /> ,_ a,�, enfurcement of ihi.Srcuriry bi��rument di�cnminued at am•�im�priar ti�Ihr rarlirr ul': Ia1. Juy.1or wch other peri�xl a�
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