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<br /> caakrruutioa a other tticin�of�ny p�rt d tde Prop�rty.a for oonwy�noe in liw af a�ndMamdoa��n iwnbY a�i�d+�ad
<br /> th�U lw paid 10 I.endot.
<br /> In the event aP�toW t�king of the Propocry. the proca�dr �hrll be Rpplied to the wms �ecured by thi� Security
<br /> Instcurtfent.wtietNer ar not thm�due.with any exceu paid to Borrower. In the evant vF�Qactl�l t�kin�of the Pro�xny in
<br /> which the fair marfcet value uf Ux Prq�erty immediuely befa�e the t�lcin�ia eqwl to or Qnua tha�the�mount of tbe wm�
<br /> �ecured by this 5ecwity lnswment immaliately befon the t�kin�.unk,�s�orrower�nd L.ende�wt�erwise�gree in wdtL��.
<br /> the autns secured by this Socucity Inurun�ent�hall be reduced by the�rnount of the procoeds mulUpikd by�he falbwing
<br /> �•-�---�� fraction: (n)thc totnl nmcnmt of the+ums+ecured immediately beforo the Wcing,dlvided by(b)the fdr mouicet v�tue of the
<br /> F'ropeny immedlately befae the trking. My bal�noc shall be paid ta Borrower. In the event of� putid taking of the
<br /> i�ropecty It+which tta fair maricet v�lue of the R�operty immedletely betore the takina is ksr th�n the unount of the wnu
<br /> secured immodlAtely beforc the Wcing. unless Bortower and Lender othsrwIse a�ra In wdt(n� a unless�pplicable law
<br /> otherwise providd�the procoeds�wll be�liod W the sumc�ecuc+ed by this Socurity inauument whett�eror rwt the:um:ue
<br /> theR due.
<br /> If the Prope�ty is abandoned by Botrower,or!f.s►fter notice by Lender to 8orrower that the candemnor after�to make
<br /> an awsirrd or settle u cluim for damages,Horrowcr feIls to rcspond to Lender within 30 days afar the date the notice is given.
<br /> Lender is authorized to colltet and apply the prc�cads,at its option.either to rectoradon or rcpair of the Ptoperty or to tho
<br /> cums secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Bornower otherwise agrec In wdting.any application of procecds to principal shaq na extend a
<br /> patpone the due date of the monthly payments referted to in para�raphc 1 and 2 or change the rmoi�nt of such payments.
<br /> 11. Borrower Not Rekascd; Forb�nrance By I.eadet Not a Waiver. BxtGnsion of thc time for paymenc oc
<br /> modification of smoriization of the sums secured by thia Secudty Ineuument granted by Lender to uty successor In intarest
<br /> - of Borrower shall not operatc to release the liabiliry of the orlginal Boaower or Barowerlc successors in intercst. I.ender
<br /> shall na be required to commence prcx:eeJInga against any successor in interest or refuse to extend time for payrttnt or ---
<br /> otherwlse modify amortization of the aums secured by thie Securiry Instrument by reason of any demand mAde by the odginal
<br /> !'�� Borrowor or Borrower's successors in inurest. Any forbeuance by I.ender in ezercisin�eny ri�ht or remedy ah�ll not be a
<br />° watver of or preclude the exercese of any right or remedy.
<br /> 12. Successors and Asat�ns Boundi Joint And Severwl LiAbility;Co-sl�ners. The covenunts and agreen�ents of this
<br /> Security Insteument shall bind and benefit the successors and assigns of l.ender and Borrower,subject to the provisions of
<br /> � paragrapb 17. Borcower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrument but dces not execute the Note: (a)ls casisning this Security Instrument only to mongage,srant and convey thAt
<br /> Borrower�s interest in the Propeny under thc tcrms of this Security Instrument; (b)is not personally obligated to pAy the sums
<br /> �� secured by thir Security Instrument;and(c)ugrees thut Lender and any other BoROwer may agree to extend.modify,forbcar
<br /> or make any accommodations with regard to the terms of this Security Instrument or �he Note without that Borrowerb
<br /> - ronaent.
<br /> - . 13. [.win Charges. If thc loun secured by this Security In,trument is subject to a law which sets mnximum loan _..
<br /> 0. . . . *��, ' eharges,And thnt luw'is finaUy Interpreted so that the interest or other ioun charges coliected ar to be coiiccird in cuu��ccti�i
<br /> + ' ' "'�"'„�,;.,, with the loan exceed the permitted limits,chen: (a)any such loan charge yhall be reduced by the amount ne¢essary to reduce
<br /> �•�� � :,. ' '� "` the charge to the permittrd limir und(b)any sums already collected from Borrower which exceeded permitted limits wiq be
<br /> � 4`'�'���s".''°�'`�"�,� refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making n
<br /> {' r�;�i�l;:;;��'
<br /> �w;;�;�'a• dlrcct payment to Borrower. !f a refund reduceti principul,the reduction will be treuted as a panial prepayment without any
<br /> ��'��% �� � pmpayment ch•rrgc under the Notc.
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<br /> . � ;;.; 14. Notices. Any notice to Borrower provided for in chis Security Instrument shall be givcn by delivering it or by
<br /> • . � '+�� maiting it by�rtit claxs muil unless applicoble�aw reyuires use of unnther methal,The notice shall be directed to the Property
<br /> .. � ' � Addre,�or any other uddres,Borrower designater by natice to Lcnder. Any nuticc to Lender shull be given by first cln.cti =_
<br /> .,�;�,,., ;�r,,: mail to l.ender's addreti�xWted hcrrin or:u►y other uddnsx Lcnder designutes hy noticc[o Borrowcr. Any notice provided for ��
<br /> ���� ��� �••�-�,- in this Sewrity Imtrumcnt shatl bc decmed to huve bcen given to Borrower or Lender when given as provided in chis --
<br /> .ti:�:;:!i�,...-..
<br /> ,� . . � parngraph. ���
<br /> , 15. Governin�Law: Severability. Thiti Sccurity [n.trument tihull bc govcrned by fedcral law and thc luw of the
<br /> � � jurisdiction in which the Property i�la:ated. In the evenc that uny provision or clau,e of this Security[nstrument or the Note -----
<br /> � , eonfliets with upplicablc law,sunc�emflict,hull ncx uffect othcr pn.�visions of this Securiry(nstrununt or thc Note which can �-
<br /> � ' be given effect without the conflicting provision. Tu this end the provisionx of this Security instrument and the Note are -
<br /> declared to br sevcrable. _,
<br /> . 16. Borrnwer's Copy. Borrower,hall Ix�iven one confomird copy of the Note und of this Sexuriry Instniment. •
<br /> 17, 1Yansfer of'the Propertv or�Beneficial Interest in Burrower. U�a!1 or.my purt of thc Propcny or any intcrest in
<br /> • it is sold or transl'crrcd (or if u henrtirial intcrc�t in Borrowcr i�s��ld��r trantifcrr�d and Borrowcr is not a natural {xnon)
<br /> "'."' withuut Lendrr:prior writtrn c��n�ent, Lender muy, at it�optian,reyuire immcdiute paymcnt in full of all sums secured by
<br /> . , �^`'� � thi.Securiry Instrument. Howcvcr.thiti option tihall nut be cxcrcitieJ by Lendrr if�xercisc is prohibited by federal luw u�of -�--�-_
<br /> . ,;{�_ thc dutc of this Srcurity In,trumrnt.
<br /> •�, �. If Lender rxercitie.thi+option.LrnJer+hull givr Borrower nutice of arceleration. The noticr shall provide a�xricxi of �.�
<br /> .'•��;w,.. � not le,ti thun�0 duy,from th�dute the notice i,dclivrre;d or mailed within which Borruwer mu�i pay all.umti.ecureJ by thi� '
<br /> �.-
<br /> � ' Security lnxtrument. lf Bo�TUwer fuil+ tu pay theu sums priar tc� thc cxpiration of thi,}x�riod. Lender muy invoke any
<br /> � mmedier permitted by thi+Securiry In�trumcnt without t'urther notice or demand on Borruwrr.
<br />, t , IS. Borrower's Right to Reinstate. If $urrowrr mc�t� rrrtain runditiom, Barruwcr shall huve thc right to have
<br /> � '# enforcement of thi.Security in,wm�nt Ji.cuntinued at any timc prior to the c.irlier of: W1 S days R�r�uch other prriod as �•
<br /> C timflr Fmitly•-Funnle Nwc�F'reJdie�fuc t'1�Ib'(1R�1 IVti'1'Rl'�1F.17'�-lim(urm Cuvrnam. 9190 qxrgeJ�,/n�wXrs1
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