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<br /> condeimuian or�xt�taicja�of aay pa�t of tbe Ptioperty.cx tor coavoyaaoe in Ibu d caadan�wlon.�rn tw�by wipbd and
<br /> �D be p.id a I.ade�.
<br /> In the evaN of a toul ukln{of the P�upo�ty,the ptooeed� �II be�pplied a the wms�ecured by chi� Sxurity
<br /> -- -- instrurt�t,wlxtltier or not dticn due,with any ezcc,r.�paid to Bort�owcr. In the event of a g�t�al tsklnQ of the Prapesty!n
<br /> which the fitir mufcet value of the Ptoperty immedf�iely befoc+e the Wcing is equ�l w or�teater tiw�the�nwunt of the�um�
<br /> �ecu�ed by thls Security Insau�t�ent immedistely beforo the takin�.unlaw Barowet�nd Lender otl�awiK+�roe in writin�.
<br /> �he wms socured by t�is Sa:urlty Instrument sh�ll be reduced by the amount of the proceed►multiplied by ihe followln�
<br /> - ..��- '� trsctlon: (�)the toW unount of the sunu socund immediately before tha t�kin�.divided by(b)the fdr mar�et v�lue of the
<br /> Ftoperty immedistely befnrc the W�ing. Any MJancr.thall be paid to Barowe�. in the event of� pwtj�l ukin�of the
<br /> -- Property in which the fair maricct v�luc of the i'roperty immediatcly bcfoc+c the takin�ia less than the anount of the sum�
<br /> sxw+od immedGuely beforc the teking,unlesa Borrowcr �nd Lender athorwlae a�oe in wdting or unless �pplicable law
<br /> dherwfse provtde�.the proceedc shdl be applied to the wms secured by ihis Securiry Inswment whether or not the wms an
<br /> then due.
<br /> If the Prope�ty is abandoned by Boirower.or if.�fter notice by L.ender W Borrower that the condemnar offera to make
<br /> m aww�d or settle a claim for damagos.Borrower fafls to respond to Lender within 30 days after ttic d�tc the natice is given,
<br /> Lrnder is authorized to collect�nd wpply the procoeds,at its option,either W restorAtlon or repAir of the P�+operty or to the
<br /> wms�secured by this Security lnstnrment,whether or not ttun due.
<br /> Unless Lender and Barower otherwlse agrce in wriiting,any application of procceds to principal shall not extend or
<br /> postpone the duc date of thc monthly payments rcferred tn in paragraphs I and 2 or change thc amount of xuch payments.
<br /> Il. Borrower Not Relessed; Fbrbesranoe By I.ender Not A Watver. Extension of thc time for payment or
<br /> - modification of amortizAtton of the aums securcd by this 5r,curiry Instrument granted by Lender to any successor in inter�est
<br /> _- of Bonnwer shall not operate ro rckase the IIability of the odbirtal Barower or Borrower9 successMS in intercst. I.ender
<br /> shall not be reyuired to commence proceedings against any successar in interest or refuse to extend time for payment or
<br /> � olherwise madify amortization of thc sums sccured by this Sccuriry Instrument by rcason of any demand made by the odginal
<br /> Borrower or Borrower�s successors in interest. Any for6earrnce by[.ender in exercising any rlght or remedy shall not be A
<br /> ' ,+�� waiver of or preclude the exercise of any right or remedy.
<br /> . . 12. Successors and Assi�ns Bound;Joint And Severpl I.iAbility;Co-slgnera 'I7u covenanGs and agreements of this
<br /> : � Security Instrument shall bind and benefit the successor� und nssigns of Lender and Borrower,subject to the provisions of
<br /> paragraph 17. Bonower s covenants and agreements shatl be jolnt and several. Any Borrower who co-sisns this Security
<br /> • '' ti inswment but daes not execute the Note: (a)is co-signing this Security[nstrument only to mongage,grant and convey that
<br /> ��';; �� � Horrowert interest in the Property undcr the tertns of this Security In:,trument; (b)is not personally obligated to pay thc sums
<br /> .•,r'"�' :.;s�•.. secured by this Security Instrumenr,and(c)ugnees that Lender and any other Borrower muy agne to extend.madify,forbear
<br /> ��y� �� or make any accommodations with regard to the tenns of this Security Insuument or the Note without that Borrower's
<br /> -- �'` �'° consent.
<br /> ' ���4 la. i.o�ii �i�isii'�es. If Uic ivo�� �u►r,� by ii�i,Sccurity fn�iruturui i> >ubjcci tu u ia�+v whi�h ieis iildriiiiiiiii IUBti
<br /> •• .:-�•.. charges.and that law•is finally interpreted so thut the intercst ar other loan chargex collected or to be collected in connection
<br />, `�'�i•W"•::' :.';" with the loan exceed the pertnitted lim itx,then: (n)any such loan charge shall be reduced by the amount necessary to reduce
<br /> '�A� �'�`•• the charge to the permitted limit; and(b)any sums almady collected from Bottower which exceeded permitted limits wiU be
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<br /> ,._�� . . " refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making u
<br /> � dircct payment to Bortower. If a refund reduces principal,the rcduction wip be trcated as u partiul prcpayment without any _
<br /> , . prepayment charge under thc Note.
<br /> ' 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />_ �` muiling it by ftnt cluss muil unlcss•rpplicable law reyuirex use of another methad.Thc notice shaU be directed to the Property
<br /> � r'`'� �:'•�' " Address or an other uddrcss Borrower desi nate�b notice to Lender. An notice to Lender shall be iven b fint clasti
<br /> '����4.. �,�_ _• i mail to Lender�address stated herein or any othrr uddresti Lender designutes by notice to aorrower. Any noticc provIdeJ for
<br /> ='�= �;.;� ,,,, , ,�:'� in this Sccuriry Instn�ment shall be dccmed to hnvc been given to Borrower or Lendcr when given as provided in this
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<br /> ; " ' '.. • . 15. Coverning I.aw; Seve�Abftity. This Seruriry Instr.�ment tihall be govemed by federal IAw und the law of the
<br /> ' ' - jurisdictian in which thc Property ix locatcd. In thc evcnt that any provitiian ar rluuse of this Sccuriry Instn�ment or the Notc -
<br /> .' ,,, . ' .,, conflictti with applicuble law, such wnflict tihall not affect other pmvision�of this Securiry Inxtrument or the Note which can =
<br /> . be given effcct without the conflic�ing provitiion. To thi,cnd the provi�ions of thiti Security Insuument�nd the Note ure -
<br /> - , ��, ��--- declared Io be tieverable.
<br /> . 16. Borrower's Copy. Borrower+hall he given onc confornied copy of the Note and of this Security Instrument.
<br /> . � 17. 'Ih�nsPer of the Property or a Benef�cial lnterest in Borrower. If ull or uny part of thc Propeny or any interest in
<br /> „ it is sold or transfcrrcd(or if a lx�ncrrial intcrc�t in Borrowcr i.sold or tran.frrnd:uid Borrowcr is not a natural person) _
<br /> ' ,-�� without Lender's prior written consent.Lender may,at its option,rcyuim immediate payment in full of all•:ums secured by _
<br /> � � :1r��,' this Sccurity Instrumcnt. However.�his option shull nut tk exerci�rd by Lendcr if exercise is prohibited by federAl law as of
<br /> _ the date of this Security Instrument.
<br /> ' If Lender exercius thix option,Lender tihull give Bormwer notice of acccleration. The notice shall provide a period of -
<br /> �` � not lexs than 30 days from the date the notire i.delivrrtd or muileJ within whirh Burcuwrr must pay all,ums secumd by this -
<br /> . Security Instntment. If Borrowcr failx to pay thetir xumx prior to thc cxpiration of thi� period, Lender may invoke any
<br /> rcmedics pertnitted by thix Srcurity In�trumcnt without fucthcr nutice ur dcmanJ un Hi>rrou•rr. _
<br /> ,� �� 18. Borrowc�'s Ri�ht to Relnstatc. If Burmwrr mccts rcnain ronditiun., Bortowcr tih:dl havc thc right to havc
<br /> n enforcement of this Security Instrumern discontinurd.�t any timr prior to the rarlier ut: (a)S day+lor such oiher pericxl a� -
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