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<br /> con�ienut+�tlae or ad�ec taki�y{of�ny pnt of ths PMnpetty.ar for oonvey�oc�e in liw d oondemtuulatit�'e h�`s�y aa+iined�nd ,
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<br /> the event of •tda! t�icin� of the Aropeny. the pa.�eod� �hdl be �pplied w the sum� �ecu�ed by thii Securiry
<br /> Iruttwnent.wtkd�er or not d�en clue.with u►y axcees pRid ro aorrower. In the event of a paetiai ta{cinQ of the Pmpuly in
<br /> which the fdr muket v�lue of the Property immedi�tely before the WcinQ i:eqwl to or�reuer th�the�mow►t of the wma
<br /> �ecural by thiu Security Inatrumeru immedhtely befae the takin�.unkrs Borrower and Landrr otherwiae u�roo in wdNnY.
<br /> the sums secu�+ed by thb Security inawment ahtll be reduced by the�mount of the��t multiplied by�he followin�
<br /> __-:��...�._.-- frnctbn: (a)the wtal emount of the cuma aecurod immediwely befot+e the t�lcing.dlvi by(b)th�falr muket value of tlto
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<br /> Property immafi�tely bePore the t�king. Any bwlunce shdl bo pxid to Bo�rowrr. In ihe event of�p�utia!Wcin� oP the
<br /> Property in w6ich the f+�r m�rkat v�lue of the Property Immediately before the taking ia les:than the amount of the wms
<br /> sxured lmmcdiately before tlie t�lcing,unless Borrower u�d Lender othccwise agra in wrIttng or unless applic�blc law
<br /> otherwise provideR.the proeeeds�hall be applied to the cuma cocund by thic Socurity Inswment whetixr or not the:ums at�e
<br /> tl�due.
<br /> If the Property Is abandoned by Bomower.or if,after notice by Lcnder ta Borrower that the condemnor offers to make
<br /> _ _ — en award or senle a ctaim for d�mages.Borrower fails to respond to Lender within 30 days efter the d�te the notice is given.
<br /> Lender is authariud to collect and apply the proceeds,at its option,either to restorallon or repair of the NrapeRy or to the
<br /> sums secured by this S�curity Instniment,whether or not thcn due.
<br /> Unless Lender nnd Borrower otherwise agree !n writing.any application of proceeds to principal shull not extend or
<br /> postpone the due dute of tht monthly payments referred to in paragcaphs 1 and 2 or change the amount of such payments.
<br /> 11. Borrower Not Relea.sed; ForbearAnce By Lender Nnt a Walver. Extcnsion of the time for payment or
<br /> modification of amortization of the sums secuced by this Secudry Insuument granted by Lender to any successor in tnterest
<br /> of Borrower shall aot operate to rcleasc the liability of thc origInul Borrower or Borrowerk succcssots in intet+est.Lender
<br /> shall not be required to commence proceedings against any successor in inierest or refuse to extend tIme for payment or
<br />, ' otherwise modify urnortlzution of the sums secured by this Secudty Instrument by►+eason of any demund made by the original
<br /> - Borrower or Borrower�s successors ln interest. Any forbearance by Lender in exercising any right or remedy ahall not be a
<br /> � wAiver of or preclude the exercise of any right or mmedy.
<br /> 12. Successors And Assi�ns Bound;Joint And Several l.iability;Casigners. The covenants and ngreements of this
<br /> . Secur{ty[nstrument shall bind and benefit the successors und ussigns af Lender nnd Bo�rower,subject to the provisions of
<br /> paragraph l7. Borrower's covenants und agrcements shall be joint and severnl.Any Borrower who co-tiigns this Security
<br /> � ,�.,-�: Insttvment 6ut dces not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grunt and convcy that
<br /> HorrowerS interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> ' , �.�,�.;; �.; secured by this Security Instrumenh,and(c)agrecs thnt Lender:uid any other Borcower moy agme to extend,modify,farbenr
<br /> ���- or make any uccommodations with regard to the tertns of this Security Instrument or the Note without that Borrowerk
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<br /> • ;. , _�..;;r.,�;�:;'.ri.i, . • consent.
<br /> �.-:>s :-�� ••.• 13. I.oan ChArges. If the loan xecurcd by this Security Instrument is subject to u luw which sets maximum laan
<br /> ,�:r.•t•»ti«,...�a..,«... ., charges,nnd t�at iuw•ix finatiy intarpreted so that the intcrest or othcr i4tu�chu�ges coilectcd nr to be coliected in connection
<br /> , � with the loan exceed the permitted limits,then: tu)uny such loan churge shull be reduced by the amount necessary to reduce
<br /> '; the churge to the permitted limit;and(b)any sums ulready collected from Borrower which exceeded permitted limits wiU be
<br /> ���� refunded to Borrower. Lende�may choose to make this refund by reducing.the principal owed under the Note or by making u
<br /> . , direct payment to Borrower. If n refund reduces p�incipal,the rcduction will be trented as u partiul prepayment without any
<br /> • prepayment charge under the Note.
<br /> �� • . 14. Nutices. Any notice to Borrowcr provided for in this Security Instrument tihull be given by delivering lt or by
<br /> __ , mailing it by�rst cluss mail unless applicuhlc luw rcquims usc of anothcr method.Thc noticc shall be directcd to the Property
<br /> ' Address or any othcr uddress Borruwer dcsignutcx hy notirc to Lender. Any natice ta Lender shull be givcn by first cluss
<br /> � .,,...;, , mail to Lender i uddretis�tuted hcrcin or uny othcr uddrczti Lcnder designates by notice to Borrowcr. Any notice provided for
<br /> '�� - - in this Security lnstrument shall hc dcemed t�hirvc Fx•en given to Rorrower or C.ender when Fiven us provided in this
<br /> paragruph.
<br /> �' - IS. 4overning Gaw; Severability. Thiti Securiry In+trumrnt tihall Ix govrrned by feder�l I�w und the luw of the
<br /> . jurisdiction in which the Property is Icx:cUed. In thc rvent that uny provi�ion or cluuxe of this Securiry Instrument or the Note
<br /> , conflictx with upplicuble luw,wch contlict.hull nut uffcrt�nher provisions of thi+Security[nstrument or the Note which cun _
<br /> � � r° bc given effect without the contlicting provixion. To this end the provisions of thix Security lnstrument und the Note are
<br /> � �� declurcd to be severablc.
<br /> ' 16. Borrowe�'s Copy. Borrower shul�Ix given onr ronf<�mird copy of thr Note•rnd of this Security In.trument.
<br /> • 17. 71�ansfer of the Property or a Beneticial Intcrest in Burrower. If atl or uny part of thc Property or any intcrest in
<br /> it Is sold or transfcrrcd tor if n henctic:ial intcre+t in Burrowe�iti x��ld or tran+frrrrd and Borrower is not u nuturul pcnon)
<br /> without Lcndcr's prior written consent,Lender m:ry,at itti uptiun, rcyuirr immrdi�►tc paymrnt in full of all sum,srcured by
<br /> , this Securiry Instrument. Howcvcr,thix option shall not Ix exenised by Lendrr if exercixc ix prohibited by fcdcrul 1aw as of
<br /> . the dutc of this Scrurity Intitrumcnt.
<br /> � If Lcnder excrcises thix option,Lcndcr xhall�ivr Bc�rrowrr nutiec uf uccclrr.�tiun. Thr noticc shull providc a period of
<br /> not Icss thcm 3t1 day.from thc dutr thc noticc iti dclivcred or muilyd within which Borrowcr mu�t pay all sum��ccurcd by this
<br /> Security [n,trumcnt. If Bnrrowcr f�iils t��p��y thc+r sums prior ta the cxpirution of thi+ �xriod, Lcndcr muy invoke any
<br /> remedicx permitted hy tl�is Scruriry[nstrwnent withuut furthcr noticr ur Jemand an Ban•owrr.
<br /> � w 18. Rorrowe�'s Rifiht to Rcinstutc. If Burcuw�r nuctx rrrt;�in ronditiunti. Borruwcr .hall huvc thc right to huve
<br /> ,� ' � enforcement of this 5ecurity (ntitrument Ji.rontinurd at uny timr prior to thr rurlicr ot': (u)S duy.(ur surh uther perial a�
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