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<br /> ` �Q 4diek qicing 9f�►Y p�t of the PtoQeuty.ar far�coav�eyadx in lieo af candane�tioe,aie 1�y aw+yeed aad .
<br /> ` � dpil�be pid a 4�cnder. - � ` , .
<br /> � � La tbe eveht af'a wtsl uicing of the A�ope�ty.tbe p�000cds stil!!�e applied w the swn4 sec+ned.by d�is Sec�tY .
<br /> � LWtomeo�whed�t mr not dKn du�.wlth any txaess p�ud w Bo�ower., In th:event of a p�ttiai Wcia�of the P.top�ty u�
<br /> � . . which iAe t�markec vvur�of tha Ptvpe�ty ina�ediately 6efae the taicioE�S eqaaf to or greater tlm tl�e amoant of tGe awas
<br /> sec�eued by tt�ss Sawity lnsuumait iuirnediately befa�e the t�icing.unkss Samwer 9nd Latder ottietwise agcee in writing.
<br /> the�secmed by Wis Secmity Iastntmeat s1a11 be�eduerd by the atnom�t o!t6e pooeadc muhipliod by the fbtluwing
<br /> � fractian: (�)the tWal atao�ot af the suass secu�ed imtnediatsly befoce the t�lung.d'ivided by�(b)tbe fwr mul�st valoe of d�e
<br /> pmpe�ty Imm�ately before.t�e taking` Any i�Iance si�be paid to BaroweE ln tt�c evem af a parti�l t�l'sng of tDc
<br /> Ptvperty in which the fair mul�et vatue oE the Pmtx�ty immediudy befa�e the talcing is kss tLau tlre am�wnt bf tUe wms
<br /> . - secarod immediatety befa+e t6e takiu g,unkss Rorrower and I�eadee otheiv�rise agta in writinng-a antess applicable law �
<br /> ott�erivise provides,the p�ocads shall 6e appliod W th�sums secured by this Sec�uic5'Inst�ent wdettrer or nqt thc s�uns ue
<br /> then dae. . � . .
<br /> � If tLe pknpe�ty is abando��ed by Bor�ower.or if,after ratice 6y[.ender ta Bamwer that the cundemnor offers w make
<br /> an awud or seWe a cfaim for d�aages.Borrower faiLc ta n�ond to l.ertder within 30 days athr she date tde rsaice is given,
<br /> ' Lender is aotLoriud w coUxt and apply the proceeds,at its opttao,ei�her w iestaatian ar npair of We Ptvpetty or to the
<br /> sums secaod by this Sccurity Insuument,w�r or twt that due. . . � .
<br /> Unkss Lender and Bamwer otherwise ag�ee in writing.any application of pncoeds w prin�.�igat shall�not extcnd or �
<br /> per�one the due due af the monthlY P�Y��ts nferred w in pa�agraph.c I and�or changt tha amouat of s�uch payments.
<br /> 1L Eorrower Not Reka�ed; Farbeanea Bq I.e�der Not s Waiver. Extension of the time for payment or
<br /> modificatioo of amort�ation of the sums securod by this Secu�ity L�suument granted by Lcnder to any successo�in intec�sr
<br /> � of Boaower shall�ot operata w reka�e tbe liab�ity of th�original&xrowtr or Bortower's sucasspis in iMe�est.Lender
<br /> shall nat ba zoquiRd to commeflce Pcacadings agai�st any�sucassor in interest ar refusc to eatend mne fo�payment�
<br /> omerwise modii'g�on of the sums secure�by this Security L�saumeat by rr.��an of aay demand made 6y the origiaal
<br /> Bamwer ar Buriawer's sucassors in inte�est. My fcxbearurce by Lender in eaeneising any nght or mnedy sh�ll mt be a
<br /> wuvqr of or poctudt the eae�cise of any rigi�t ar remedy. � • '
<br /> 12 Suaeaeors a�d A�ns Bouad.Jdout aud Sereni Liabillty;Co�ers. The covenants and agrcements of this
<br /> Socuriry Ltsuument shaU bind and beoefit the suocessors and assigns of Lender aad Bortower,subjcet to the po�ns�c of —
<br /> , paragraph F7.Bamwer's covenants aad agraments shall 6e,joint and severai.My Bomnwer who co-signs this Security
<br /> Insuumetu 6iR does not eaecute the Not� (a)is co-s�gning this Security Inmument only to mortgage,g�ant and canvey that —
<br /> Bormwer�s inunst in the Property under tl�temis of this Securiry Instrumen� tb)is not personaliy obiigaud to pay the sums —;
<br /> � seci�ed by this Secvrity Inswmen�and(c)agrees that Lender and any other Bomawer may agroe to extend,modify.forbear. �'�.
<br /> � . or make aay accommadations with negatd to the tcrtns of this Sectuity Instrument or the Note.w{thout that Borrower�s =
<br /> ,.cansent , —..
<br /> , 13 Laa�n C6arges. If the toan secured by this Security Ins�rument is subject to a law which sets maximum taan = __
<br /> '��� charges.and that law is finally inte�p�ted so that the interest or othec loan chacg'es collected or to be colJecied in connection
<br /> �, '� with the loan excced the pertnitud limitc,Wen: (a)any such loan charge shail be ieduced by tht amount nocessary to reduce
<br /> ,,the cha:ge to the pe�mitted limix and(f�)anY sums already coltected from Borrow:er which exceeded permitted limiu will be -___
<br /> ' refanded to Borrower. ixnder may choose to make this vefund by redacing the pcirtc�pal owed under the Nou or by making a ---
<br /> • direct payment to Borro��: If a iefund reduces principal,the:eduction will 6e�ated as a partial prepayment without anY �r-==-
<br /> , prepaymept charge u�ei the Note. , :`=�';'
<br /> � • 14. Notkea. Any noace to Bomawer provided for in this Securi Instrument shall 6e ven b deliverin ii or b �"�"
<br /> tY & Y S Y ��;:;:.
<br /> � ' mailing it by first class mail unless appiicabfe Iaw requires use af another methad.The notice shall be directed to the Property ���'��.-
<br /> Address or any other address Borrower designates by not'sce to Lender. Any notice to Lxnder shall be given by first class . ti�'''�`
<br /> mail to Lender's address stated herein or any other address Lender designates by nutice to Borrower. Any nohce provided for
<br /> in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as pravided in this _
<br /> ParaSraPh. :
<br /> I5. Governie�Law;Severability. 'Iliis Securiry insirumeni shaU 6e govemed by federal law and the law of the
<br /> jurisdiction in which itte Ptoperty is lacated. In the event that any provision or clause of this Security Instrument or the Note
<br /> •. conflicts with applicable law,such conflict shall not affect other provisions of this Security In�trument or itie Note which c�s
<br /> tx given effect without the conflicting provisioa To this end the provisions af this Security Insuument and che Note arr
<br /> ' . :deelared to be severable. • � '•'>.
<br /> ' 16. Borrower's Cvpy. Borrower shap be given one confartned capy of the Note and of this Security ir►stx�a�ent. ,z::�r.
<br /> � 17. 1lransfer of the Property or a Beneficial Ioterest in Boerower. If all or any part of the Property or any interest in
<br /> it is sold or transfeaed(or if a 1►eneficial intcrest in SorrowCr is sotd or tran�fened And Bortm�o,�r is not a naturai person) •
<br /> without l.enderk prior wriuen consent.Lender may,at its option.rcquire immediate paymenc cer i'isU of all sums secured by
<br /> this Security Lu-omment.. However.this option shaq not be exercised by Lender if eaercise is pruhibited by federal law av of
<br /> the date of this Security.Lnstntment. -
<br /> lf Lender exer�cise's d�i�s option.Lender shall give Borrower notice of acceleratioo. 'Phe notice shall provide a periad of ° '�
<br /> � not less than 30 days frantr ihe date the notice is deliverr,d ot mailed within which Borcawer must pay all sums secured by this s _
<br /> • Securiry InswmenG T£�Tdarrower fails to pay these sums prior to the expiration of this periad, Lender may imoke any !
<br /> remediespemiitted byt�c�.:ocurity Instrument without further notice ordemand on Borrower. ; �`
<br /> 18. Borrawer's Rigfit to Retnstate. If Barrower meets ccrtain conditions. Borrower shall have the right to have �
<br /> enforcement of Ihis Se�rity Instrument discontinued at any time prior to the e�rRi��of: la)5 days(or such other period as � ',.
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<br /> Singk Famity--Faek Maeli�edAk Mac UNiF4RN 1�STR6"�Eq"f-•UnifurmCuvenant9 9If� lpoge 4 e�Jb page�)
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