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<br /> --- --- camlemnotlon or othar tskin�af atsy p�rt af tlte P:s►�r_�y.e+r lr+r c��eyu�ce ln li�u of ca�demi�tian,�hereby t�ci�A attid
<br /> �wll bc p+iid to L.endcr.
<br /> In the evcn� of r taal trlcing of the Praperty. theptvcc�d� sh��l bo aPpif�d to tt�c suma securcd by this Secudcy
<br /> - - Inhtrument.whether or�ot thcn dua.with xny exas�p+�id to Borrower. In tha evrnt of�putia!ukin�uf the Anq�erty Ir►
<br /> `v� ^ '' which the falr mwicet valuo of thc F�copnrty irnmedirtcly befcx�e the takiug is equ�l to or grcxter than ihc runount oT the sumu
<br /> �'' __ _ secund by thi�Secu�ity Inctrument imnxdistely befae the takfng,unlecs Borrower x�xi Leixier othenvire�roe in wdtln�,
<br /> _�'`� the suma sxurcd by this Sec:udty Instrument ahrll be rcduced by tha unount of tM proceeds multlplied by the following
<br /> �—�=-��---�---�--�- Gactio�t: (a)t#�totA!am�amt�f rM��an��4earcd imtnedlstcly before the ta,4lnt,aivldtd b�(b)thc falr macket vuluc of ihe
<br /> ;-�; F'�quny immediately before the taking. Aay bala�ce shAll be p�id to �orrower. In the evem of A p�utfd t�kina of the
<br /> Property in which the fAir market valuo.of the Proper[y immediately beforc the taking ia leu th�n thc unount of the sums
<br /> --"°"° -- — secu�td immedistely beforc tha taking, unleu Borrower aul Lender aherwise agrce in wdtin�or unlec�Applicable law
<br /> _ ---- othcnvise provides,the proceeds studl bo applied W tlio sumc sxu�+¢d by thii Security Insttwnent whether or not the rums u+e
<br /> -•=�W�.�� then duo.
<br />__,,,,,����� If the Pinperty is abandw�ed by Borrower,or if,After notice by[.ondcr to BotYOwor thst the ccx►demnar offens to make
<br /> ° an awatd or iscttle a claim for drmnges.Haruwer fulls to rospond to Lend�r withfo 30 dQys after thc datc thc nodce is�iven,
<br /> _—__-—" l.ender is authodzed ro colla�t and app1Y��p��s.at its option,althet ta r�atcxatian oc repair of the P►operty or to the
<br /> _ - -� sums socured by thi�Secudty[nswme�t,whothar or not then duo.
<br /> " __ - - o Unless Lendor and Barowcr atharwise�gt+ee in writing,at►y apptia�ti4n of procads to pr�nclpal shall not cxtcnd or
<br />_ � postpone tha dua dato af the monthly payment�referml to in parngrapha�l and 2 or change the amount of►uch paymentx.
<br /> __ �<����,� 11. !lorrowcr Not lttiewsed; For4e��ncu By Lendee Not a W�iver. Extcneion of the time fa payment or
<br /> ,° maiit'xadon of amartization of the sums sxured by th�s.Securicy Instrument granted by I.ender to any wccessor in Intercst
<br /> �d� : � of�artawor shal)not opecate to retease the liability,of the ortginal Borrower or Borrower`a successwa in intercst.Lender
<br /> !� �.;�ta ,��' .. shall not be cequlned to commance proceeding�oguinst �ny successor in interect or �+efuse to extend dme for payment or
<br /> i•: •� • othetwisa madify amonization of the aume securad by this Securiry Instrument by rcason of any demand m�de by the originsl
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<br /> ,. ��J�,,a':t•�rr��,�:�r. Borrawer ar Barrower�successas in intarast. Any forbearance by Lender in eaercising at�y dQht or remody shall not be A
<br /> j, ,�:•. -;��,.;� waiver of or preclude the exercise of any right or remedy.
<br /> =.•;.;;•;;:�;a_. 12 Successors stnd Asat�ns Bound;Jdnt and Seversl Ltability;CaaiQrers. The covenants and agroements of this
<br />- . ,,,z,�,.,.i:s;;.r.�r Securtty Instrument shall bind and benefit the successors and assigns of Lrnder and Borrower,subject to the provlsionr of
<br /> , r-'.,,;�;3,r.��i,�': ' '• paragraph 17. Borrower's covenants and agreements s6a11 be joint and several.Any Borcower who casigns this Secutity
<br /> '.. ;. •:�,•:?.��;,. [nstrument but dces not execute die Note: (a)is ro-signing this Securiry Instrument only to mortgage,grant and convey that
<br /> _ • � : '``�`���•• Borrower�s intcrest in the Property under the terms of this Secudty Instrument; (b)is not personally oblig+tted to pay the sums
<br /> _ ' ,'" , .:'�.»�`ti�,.�,��' ± secu�ed by this Security Inswmenr.and(c)agrees that I.ender and any other Borrower may agree to exund.modify,forbear
<br /> �`� �• or maka eny accommodntians with regard to the terms of this Security Inscrument or the Note without that Botrawer's
<br /> ��;".-^.:'��;'�i� consent.
<br /> �.== �`�•-���=• '' 33. �.nan �he pes. !f the loan secur«d by thi� S!r�rity ln�tmm�•nt ic �nb,ject ta a law which scts mazimum loan .
<br /> �� charges,and thut law as finally interpreted so thut the interest or other loan char�es collected or to be collected in cannecdot�
<br /> • •�� with the loan exceed the permitted limits,then: (u)uny such loan charge shall be reduced by the amount necessary to neduca
<br /> the churge to the permitted limit;und(b)any sums al�eady collected from Borrawer which exceeded permitted limits will be
<br /> � refunded to Borrower. Lender may chaose to muke this refund by reducing the principul owed under the Note or by making a
<br /> '- � direct payment to Borrower, lf a refund reduces principal,the reduction wiil be treuted uc a partial prepayment without any
<br /> prepayment charge under the Note.
<br />` ` 14. Notices. Any notice to Borcower provided for in thi�Security Instrument shall be given by delivering it or by
<br />� muiling it by first clatiti mail unlcsx applicable�aw rcyuires use uf anuther method.The notice shall be directed to the Property
<br /> Address or uny other uddress Borrower dcsignateti by notice to Lender. Any natice to Lender shall be given by first class
<br /> �; ' mail to Lender's address statrd hercin or uny other uddrex�Lrndcr designates by notice to Borrower. Any notice provided for
<br /> ��j� � in thiv Security Instrument shall be deemed to havc been given to Borrower or Lender when given as provided in this
<br /> �o •: ( paru�rAph.
<br /> �(� ,i IS. Gpverning Law; Severability. Thi� Security Instrument ,hull lx: govemed by federul law and the law of tha
<br /> Jurisdiction in which ihe Pro�xrty is lacated. In the event that uny provixion or clause of this Securiry Instrument or the Note
<br /> - ' conflicts with applicable luw.xuch conflict xhall n��t affect other pruvisions of thin Scrurity Instrument or the Note which can
<br /> ' be given ef'fect without the contlicting pmvision. To this end the provisions of thix Security Inrtrument and the Note are
<br /> declured ta be severnhle.
<br /> �. � 16. Borrower's Copy. B��rrower tihall tx given onr ronformed copy of thr Nutr and of this Securiry Instrument.
<br /> , 17. 'I�s►nsfer of the Property or a Benelicial Interest in Borrowcr. If all or any part of the Property or any interest in
<br /> it is sold or trunxfcrrcd lor if a hencficial intcrc�t in Borrower i.r•sold or trun+ferrcd and Borrowrr is nat a natural person)
<br /> without Lcndcr's p�ior writtcn comrnt,Lender muy, at its option,reyuire immrdiatc puyment in full of nll sums secured by
<br /> . this Sccurity Instrumcnt. Howevcr,this option�chalt not he exerci+ed by Lender if exercise is pmhibited by federal law es of
<br /> the date of this Security Instrumcnt.
<br /> _.;i It Lender exercius thi�option. Lrnder shall give Borrow�rr notice of acrrlcration. The notice shall provide a period of
<br /> '' not less than 30 duys from the date thc noticc i+dclivcmd or muil�d within whirh B��rrowcr must pay ull sums secured by this
<br /> ' �` Security In�trument. If Borrower fail, m pay thr.r �ums priur to the rxpiration uf this period. Lender may invoke any
<br /> remedie�permitted by thi�Sccuriry In,trumrnt without furthrr noticr ur demand�x� Burrowcr.
<br /> IR. Borruwer'.s Ri�ht to Reinstate. If Burcuwrr mcrts crrtain runditiun,. Borrnwcr shall huve the right to have
<br /> � ^ ; ' enforcement of this Seruriry In.trumcnt Jixontinucd at any tim�prior a�the eudier of: (u)5 duys(or such other period as
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