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<br /> c�tim a pd�x bkin�of an!►.pet 4f tbe PtopatY.crfa ocnveYao�Y.ia�li�af�.�he�eb�►�apd � ;
<br /> sbdt be p�id�o L,eader... . . . .
<br /> • �in tbe ereot of a toal atina af d�e Ptqx�ty:the p�beeds ah�l!bo appliod to the�+�ms eocuiod t�y dtis Sec�trity ,
<br /> � Inst�ak.vrfiethsr or not ttia�due,r�ith aay e�esi paid to BoRVwer. In t6e evaot of a paAial Wang of"die Wopecty in ,
<br /> wLich the fair rovtet value of the P4apaty inunedi�ely befac tbe Wciag is nqual w or g�eater th�a tbe anauet of dre won
<br /> < ' secmai iy this sexvriey instnunenc imme�ely bewre the taking.w�iess Earmwer�na[.ena�r at�erwise a�ee in writia�,..
<br /> t6e s�a seciaed by tbis Security�tunent slali ba zedoced by the unoant of�ihe p�oceed9 mulEiplied by I�h�e fdlcwvina
<br /> f�tiun: (a)the toul amow�t-of d�e sums secu�ed�'atetY bef6ct the talcmg,,d'rvid�by(b)th fair mui�e�Yaiut ot th� �
<br /> �9�Y bcfore the Wang. Any b�l�nce sba(1 be paid w Barmve� In t!r event of a p�[tal lalcius of the ' .
<br /> Ptopecty in wl�icb die fiir muket vilue of the P�ropeity i�i�tely befae tb�taking is kss than_tL�amo�hhu ot the wms
<br /> sepuM itn�aediauly befae We qicing,unkss Bamwer an�l Leader aN�erwise ag�x in wsitb�g or.unless applicabie law
<br /> o�v�ri�e�uvjdesvtlrt p�oceals sh�it bc�pQliod to d�e surns seeaced bY d�is Sa�uitY M�nne�vvlKtixr or not d�e sans ate
<br /> ' tir}�due. . .
<br /> If the praQerty is ab�ndoaed by Bo�rovrrer.or i�aften notice by I.ender to Bamwer d�at the candemno�r affers to maloe
<br /> w award ar seale a clsim for d�tnwges,Bonnwa fails to nspad to L.eader within 30 dsys after tbe date tht aotice is given, � .
<br /> I.ender is autl�aciied to colkct and appIy the proceeds,at its apaon,either m rrstaazia�or�of We PtopMy or to die
<br /> swns secaied by_t6is Sec�uity lasuument.whether or not tixrt due. � �
<br /> Unlesc l.sader and Barrowa otberwise agnx in wrIting,any apptication of pmcaeds to prircipal s6a11 na eaund ar
<br /> ' postpaie ihe due due of the nwNfilY P�Y��us neferied to i»paragraphs 1 and 2 or change the�sauit of sttch pa�mients.
<br /> il. Barrawa Not Rdeased;Fa�bearada By l,ende�r Not � Wstver. Extension of the time for payment or
<br /> . modit"tcatiat of atnoai�a6on of the sums sxu[ad by t6is Securiry Inswment gtanud by L,ender to any suaxssor in inte�est ' ..
<br /> of Barm�ver shall not aperate to rekave d�e liabitity of the origir�al Borruwer or BoRawer�s sucoessors in intene.u.Lada ,
<br /> sh�ll not be reqttiaed to c�mence pcocadings against airy successor in inte'rest or nefuse to eatand time for paymeut or • .
<br /> . ane�wfse moairp artoi�dzati«�uf tbe sams securea by a,is savrity Insm�meat by r�son of any aemand made ay the«igt�l
<br /> Bamuwer or}�aanrver's sucoessois in inte�asi. Any farbearu�ce by Lender in eaencising any nght or mnedy sluill not be a
<br /> waiver of or pcxIade ehe exencise of any right or�emedy. - '
<br /> 12. S�uaces�ors tid 1£s�iaos Bound:Joint and Several Lia6ilit�;Co-siYeeea 'If�e covonants and agnemeats of this
<br /> Security Ins�trument sHat6;6,ea3 and benefit the suaxssurs and assi�Sns of Lender and Bomnwer.subject to the pmvisions of
<br /> P�Br+Ph I7.Bomower��:nants and agheecnea�ts shalt be joiut and several.Any B.orrower wbo co-signs this Socuriry
<br /> Insd�unent but does not Cx�iiie the Note: (a)is co-sighing this Security Instrumeat onIy to mortgage,g�t and catvey that
<br /> Bamnwer's interest in the Pmpesty under the tem�s of this Security Instiumenr, (b?is not personally obligated to pay the snms
<br /> � securod by this Security Iaswmen�and(c)agrees that I.ender and any other Borrower may agrer�ro eatend,modify,forbeu
<br />-- or make any accommodaticros with�egard to the tem�s of this Secunty Instcument or the Note without tt�at Bormw+er�s
<br /> = consent. •;•
<br /> = l3. Lo�n C6�rges �f the loan secumd by this Security Instrument is subjaet to a law which sets maaimam loan
<br /> ,� charges,and,that taw is f3nally interpreted so that the interest or other toan charges wllected ar to be collected in comketion
<br /> _ with the loan eaceed the pem�iaed limits,then: (a)any such toan ch�e sha116e reduced by the amount nccessary to teduce
<br />=-= , • the charge to t(�e permitted�im��and lb)any sums already coltected�a Bormwer which�xceeded permitted limits will be
<br /> _� r�funded to Borrowes. 6��r may choose to make this re�fund by reduc"�ng the priecipal owed under the Note or by making a :
<br />'�� dirxt payment to Borxas+ar if a refand reduces principa�,ti�e nduction wiH be cseatad as a pactial prepayment withast any
<br />_z� prepayment chargeun3er the Note.
<br />'Y� 14. Notice�_ Any notice to Borrower provided for in this Secarity Instrument shall be given by delivering it or by _
<br /> mailing.it h�y�s�class mail unless applicable law requires use af another method.Tlie notice shap be directed to the Property
<br />-•.'� Address or atry uther address Botrower designates by rtotice to Lender. Any notice to Lender shall be given by fiist class ____
<br /> `� mail to Lender�s address stated herein or any other address Ixnder designates by notice to Borrower. Any norice provided for =�
<br />-- i�►this Security Instniment shall be deemed to have been given to Borrower or.Lender when given as provided in this =--
<br />-;,,� Para$raPh• i;�
<br /> � 15. Cor��ni� L.aw;Severability. This Security Instrumene�*.a11 be govemed by federal law and the law of the . _
<br /> � jurlsdictime fi,^:.��:ich ihe Property is located. In the event that any gro�;<:�n or clause of this Security lnstrument or the Note -
<br />_,,5 conflicts wifn a,�plicable law,such conflict shall not affect other pro�is:�;s of tl}is Security lnstrument or the Note which can
<br /> �given effeet without the conflieting provision. To this end the�:�iu.z�eC d�c Security Jnswment and the Note are
<br /> '� c��tazed to be severable. --
<br /> ; 16. Borrower's Copy. Borrower shall be given one conformed r�•i�er t^:S��:e and of this Security Instrument. =
<br />=.'a� ' 17. 71rs�nsfer ot the Praperty or a Beneficial Interest in Borro�cr. tf all or any part of thc PrapeRy or any Interest in _s;
<br /> �I- it is sold or transfemed(or if a beneficial interest in Borrower is sold or transferred and Borrawer is not a natural persan) _
<br />_-� w i t h o u t L e n d e r's p ri o r w ri tt e n c a n.s e n t.L e�d e r m a y,a t i�s o p t i an.r e yuire im�nediate pa y ment in full of all sums secured b y -�`:�3-
<br />_:�, , this Security Inswment. However,this option shall not be exercised by Lender if exercise is prohibited by federal law as of ,_T:
<br /> �� the date of this Security lnstrument. ��
<br /> "= If Lender exercises this option.Lender shall give Borrower notice of acceteration. The notice shal!provide a pedod of ''�_�_
<br />�;L�� not less tha�3�1 days from the date the notice is delivered or mailed within which Bonower must pay all sums secured by this
<br /> �Security Ir,smv.ment. If Horrower fails to pay these sums prior to thc eapiration of this period,Lender may invoke any
<br /> remedies pt,mnitted by this Security Instrument witfiout fur�hcr notice or demand nn Borrower. ,
<br /> 18. �orrower's Rlght to Reiastate. li Borrower mects certain condition�, Bonower shall have the right to have
<br /> enforcement of tt�is Security InsWment discontinued as aay time prior tv the cart:er of: (a)5 days(or such other periad as �;-�-
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