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<br /> � �OR O�d�f!!�QE�yt�l'L Of tbG PkOplZi�t.Q�0[.COIlYCJ1�11CG�R�Ilgl Qf�R�OR.�IIaC�►�1�� .. .
<br /> fIW�NC prid t0 i.eader. � - ' • . ,
<br /> ; 1n.tl�e ev�u of a ta�t akie�of d�e ?ropeity. t6e pcaaeeds sh�li be�pptied ta dre wmi secu�ed by diis SecwitY . ,
<br /> Lnaumen�w6etiKr ac not then due,with any,excess p�id to Bormwer_ tn thG eveac oF n paupaY aidQ�of the Ptopeity�in
<br /> , `rwhich dx fiit mfttec vatae of the P�o�peny.immedi�[ely beface the oddng is eqwt to ar p,erater than d�amoi�nt o�tfle swas . •
<br /> , • spcu�ed 1�►tl�is Security In�tr�ument imrtxd�ace�Y befoc+e tf�e tolcia$.unlesc Hontnwtt aad Lender otherwise agtae in writing� .
<br /> . the sums secui+ed by this Secucity Insw�oeat s6a11,6e ceduced by the s:noitnt of�he proceeds muldplied by d�c fdlowing . �
<br /> fraction: ta)the wtat ah�ount of tbe sums sec�red immediaueiy befac th�ddng.dividcd by(b)t!�fair ma�i�ec vatue of the -
<br /> ._ Property immed'�ately befocr d��tatcin� Any b�l3nce shall be�id to Barower. In the eve�'af•a p�tiai takjng of the .
<br /> ' Pmperty in vvhich the fair mukec_vatue of che Qcope�r;unnsediatety beface dx taidng�s tas d�an d�e artwunc of the a�nns�
<br /> � sauned�imtnediatelY befae the talcmg:unicss_Bbrrowa aiid t.euder atherwise agceee m vnsting or un(as appiicabk laar .
<br /> • �4x P�'oYtde�.tlte praeeds sl�atl be applied ta the sums sectuM by this Securiry Insdument whett�er or twt the sums us '
<br /> ` If the PFope�ty u aWndoned bq Barovver,a i�3fter naice by Lender to Bormwer th�c dte ccx�demnor offees to matce •
<br /> an awud or setrle a cliim for dimages.�arnwer faiIs to respond to�,ender wirhin 30 days after the due ibe noeice is givert. '
<br /> `�Lender is auihorine�!o colkct�1�Qpiy tIx pmceeds.u its aption.ei[her to cssmrstion ar nepa'v o[the RopeRy a ta tho .
<br /> swns sauced b�r tfiis Sce+uiry Instnunen�wfKt�etor not d�ea dae. � .
<br /> ` . Unless L�ndet and Bo�rower�u�envise agiee in writing.any application of proceeds to.principal shall not extcad or
<br /> postpone the due date aF tbe monthiy paymenu isfened to in parag[aphs t and 2 or change dx amount of sud�payments. ,
<br /> 11. BorroRar:NM Rdd�sed; Fotbearaete B� LmdeR Nat s Walvtr.� Faccens[on of d�e time far paymem ot =
<br /> madificadon of amoctimtion of tht sums secured b�this Security Insmrmenc granted by Lender m aay suc�asor ia inxce.0 °_--
<br /> of Bomower sha11 tiwt operate to release the liabilin of die origuial Bormwer or Borrower's successors in interest Lender ----
<br /> - stull not be req�ficed to coaunence.proceedings against aag succes4or in intsnst ar refuse ta eatend time fot payment or �-=:_ -_
<br /> �tlKrwist iztodify anwtti7adoe of the sumc secwRd by this S«.vrity Insocumcnt by neasai oEany demand made by the original , —{,.��—'`-�
<br /> --_= Boatswer or Bormvres�su�essots ut intuest My fusbea�ance by Lender in exer�eising any rig6t�cemedy shall not be a, .�•-
<br /> — � waiverof or puectude the exercise of aay ri�htormnedy. � ' , . �. �`: ����=_
<br /> 1L Sucemocs and Ass�ns Boued:lafnt and Serenl Li�bilitr;Co-signers�. T6e caveiiantsand agceemenu of this �`�"'.-
<br /> Socurity LssuumenC shall bind and benefit tIte succeswrs and assigns of Lender and Borrower.snbjeet to the pruvisions'of _ �"_�'`"_
<br /> - __= paragtaph 17.Banower's covenants and agi�ements sGatt be joint and several.My Boprower who co-signs th3s,8ecurery -�°�-
<br /> _ --_____= Instnuaent but das not execute d�e Note: (a)is co-sig.ning ti�is Savrity Insuua�ent oaly to mortgage.gtant and aa�ey that �'��=;
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<br /> — " . Borrower s murest in the Pcoperty wider the ierms o€cTvs�iity inswmenr. (b>is not personalty obligaud tn payrt�sums
<br /> � -�'��� sceuced by this Securi[y I�upumen�and(c)eg�ves that�,eiider and any other Bortower may agree to extend.modify.forbear , -
<br /> - "�" � or make any ac+oommodadons with tegaz+�to the ternu of this Security Insaument or the Nate.s�idtout that Borrower's � ?�.�� ��
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<br /> �-�� conscnt - � . , :.{,��:� �
<br /> � �_y: �,: 13. I,oan Charges. If the toan secured by this Securiry Lrstrument is subject•n�a law which sets maximum toan :'��;;; --
<br /> ---=�''��*� sbarges,artd that law is fynaUy interpceted so that the intuest or other toan charges cos�,...~rzd or ta be collected in connection
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<br /> ����� widt the Ioat��xcad tl�e permitted limits.then: (a)any such loan charge shall be neduced by the azaow►t necescary to reduce �'.:��'��'
<br /> � + the ci�argt ta tfie utd limi�and(b)anv s.cuis alread collected from Borrower which excee�� mutted limiu will 6e � ��'
<br /> :..:� ,�; P°� Y C'� '�`';'°,_
<br /> :efunded to Borrower. Lrnder may choose't+�make this nfund by redacing the principal owed wtd�r tfae Note or by making a �-��:_r�-'-
<br /> d'.rt+ect paymea�t to Bomower. If a refund reduces pdncipat,the reduetion will be mazed as a paruai�payment without any �,: .
<br /> b''=��..��� c�aYment charge under the Note: . � � `-��.''.
<br /> �`'-�`= 14. NotkRS. Any notice to Borrower providect`for 6�fhis Security Ins�trumear�.°tia116c given by delivering i�or by
<br /> ��a r�;= `� - � maiIiag it by fustclass mail unless appticabte!aw requires use of another meihod.The starice shall be directed to the Property ' �y��F �`.
<br /> �"��° ' �' AdMess ar an other address Bo�rower desi es b notice to Lender. An notice tb Lender shall be ven b fi�st class
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<br /> i�s`�`y-}��f:�'•'� '�,',- . mail w Lender's address stated herein or any other address Lender designaies by natice io Borrower. Any notice provided for I . . ,
<br /> -" �. ��;.. �,:�Y� . in this Security Insuument shall be deemed co have been given to Borrower oe Lendzr when given as provided in this ;
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<br /> �..• '.•,�'=�:; p�1�5 Gorerning La�v:SE�erabilitq. This Security Instrument shall be goveri�by federal law and the law of the ��'�
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<br /> ���� � jurisdiction in which the Pioperty is located: in the event that any provision or clause of this Security Inswment or the Notc { �•�
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<br /> .. r�`�s,;r'- •• conflicts with applic.�ble taw.such cont]icr sFfaSl not affect otl�er provisions of this Securiry Instrument or the No�e which pn - ° �''-
<br /> :r:,,::'.,. '; �� be given effax without the conflicting pra?�:sion. To this end the provisions of this Security Insaument and the Note ac+e � `. ' • ��'.::`-
<br /> { ;�;�,,� . . declaced to be severa6le. • r � ' .
<br /> 1 ;,��3 :.�. ` . 16. Borrovrer's Copy. Botrower shatl be given oae cs�aformed copy of the Nat��,zd of this Security InstrumenG �°"--��� :�.
<br /> ' I7. Transfer ot the Property or a Beneticiat Interest in Borrower. If all or xzt}part of the Property or azry ir.terest in
<br /> _3___;:.,= '• it is sold or transferrtd(or if a beneficial interest in Borrower is sold or transferre�.��Borrower is not a natural person) G ��
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<br /> �:sa��a:�•., �, � wltifout Lender's prior written consen�Lender may,at its optIon.require immedia::p��menc in full of all sums secured by ; ', „ `
<br /> __'r.rs;�.+;�;�r� this Security Insttument. However.this option shall not be exercised by Lender i�exe��e is proi-.��i^.�d by federal law as of � �
<br /> -- _. '��1, �the date of this Security Insm:ment. � �.
<br /> ,�:.`�,�,.,, . - ���; ,..
<br /> __•�.�;),��,�; tf Lender eaencises this option,Lender shall give Borrower notice of accei4�razivcz The notice shall provide a period of
<br /> - -'a::_�::;,;: not less than 30 days from the date the notice is delivend or maited withih whzcr Bfl:roa�rmust pay all sums securcd by this ., ','i.`�;�:�' .�'�
<br /> . R����''���`�� � Security lnswmrnt If Borrower falls co F��r these sums prior to t.".e exp��rari�o of tFris ptriod. Lender may invoke any � ` . . '±.
<br /> �����' ���'• remedies permitted by this Security lnstn�m�r wilhout fuRher notice o�demand om Sotrower. __...-_. '. :. .. ..
<br /> ��:�}�.���}.' • la 8arrower's Risht to Reinstate. If Borrower meecc certaia wrtd:tion.;. 8ortower shall have the right to have ' � �
<br /> -=- enfacement of this Securiry Instrument discontinued at��r time prior to t�e earEi2�pf: Ia)5 days(or such other period� - � ,- _
<br /> Single Euni(y--fiannk'.1ladFre�Qie:Nac lJ,Y1FOR111.VS7R{:ME�T�Uni(ortn Covenann 91l0 Ipage 4 r�Jb pQ,�ts) � ,'
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