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<br /> - � � �oond��nadan or athe�fa�of�usy p�c of RR�Parop�;4r fat:canvcyancs ip��i�i condgmi�ati�sr,ut�t�3e�iy��a�s°�ge�cr3 sa�
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<br /> In tke event of a i�tal iaking of tite Froperty.:tha pruceeds shatl bt�p����ta ihe suats sscurea�by..tfi��ty� <
<br /> _ --- � Instriueent.wIiether m nat thr,�clur.with an�t exe¢ss�xitd to 194�+owei tn ttt��vent of�.pastiai t�cin$oY th�'i?toperty i�t `
<br /> -_ -- -- =--_� ' �. whisn the�slr m3rget vatue�f tBe Ptwppny im�te¢IiuteE�r b�ore the tak3ng is`�q�af tv oi g�aatei than•the arnapn3�ottisu swns . ..�:
<br />=�,,: r" ..�^ . aecwed.by thig S�erity Insuuriieat i�di�y i�efare the taking,-mi2ess Bonower snd H�ender atherKise,agi��r�Y�:
<br /> ; � the�sams secured�bq tAi�Sectuity I�stnuii�ei�t shall be ced�toed by the amauru of tfl�pr6eeeds�inuitl�pked. 6y tlie foiiasv£�sg
<br /> ; ,' ; .,`��.��+E f;-=.� fr¢ction: (a)the tovsi amaunt af the sums�cured 3mmediRtely before,ihx t�ing,dlvided bY(6)the Fair a�utcet valu�o�t�� -_ _
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<br /> ... 5 ��. s,x: � . -F�spestY.irante�ately is�fore the ta&iao. �ny baIacce sfml}i�e paid to Sorravrzr.``ta ti�event'of a par¢"rat--taistng of i��- - __ - -
<br /> �,,,,.•:;,F �, :�r, -Nv i�s which the fair'market vatas of tbe Frapetty�edisuely befora the taking is�ess than ttes amouat of t�e sums - --
<br /> �'r' _ �.��4 - ��i �arply 6rfase ths ta�3ag,unIess Bomower and I.cnder othenvise age�in wriYing or unless aQp&caT�2e laiv
<br />_"�":�, �, otI�erwis$provides.the p�s sh,aU be appYied to the snms s�ure�by this Sacwity Inswment tvhe�her or nat tHe srsms sre --
<br /> �� ' then due. . .
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<br /> , �;;;,,..,r;F ff tHe Progerty is.ataaadoaed by Boaower,or�if,�r`do6ce fl�f�rdes ta�rowet ft�t�e.cotr��ioe offers to make
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<br /> ; �',��� 4 t;:_� f�.euder is audsaci�oQ c�JSect a�id1 ap�Ijd�lte nme�ei'�,ac iss ay�do��i�c�t t�esmraL%aa or cenair a�t6�Ei��ar tir clte
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<br /> � - 1L Suoeessors and Ass#gns Bound;loint and Several I.iabitity;Co-s3gaers. 'Itie covenants and agreements of tbis ---
<br /> Secariry instrument shaU bind and benefit the successors and assigns of i.ender and Sarrnwer,su6ject to the provisions of
<br /> • r '; . ..�;�; :� P��Ph 17.Boriower's covenants and agreements st�all be jomt and seveYal.My Bosmwer wha co-sigas this Security —
<br /> , '•• ;��,•''.•. . : Insavment 6ut does Qos execute the Piote: (n)�s co�si�ning this Secnrity Insvument only to mortgags.gr�trtt.end convey that -
<br /> ,.- !�~H�,�,f,.�:�.:`.''.'�:.� Borrower�intec�st-ir�thePtapertyunderthetermsofthisSecurity�nmumen� (b}isnotpersonallyobligatedtopaythssums �_ --
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<br /> • � secus�d by this Security Insuumenh.arid(c)agees that l.ender and nny other Borrower may agree to extend.modify.forbear ,
<br /> ' . • �•`.�': or rtiake any acwmmodauons with regard to the terms of this Security Tnsuument or the Note without that Borrowerk �_
<br /> . . . '., consent • �,�=_
<br /> - ' ' � !3. Loan Cha es. If the.loau secured by this Security Insuument is subject ta a law whtch sets maximum loan ' ""= -
<br /> ' � charges,and that law�s finally interpretcd so that the interest or other loan c6acges cotlected or to Se cvllecie6 in conaectfon ��.-
<br /> • ,,, . ' with the[oan exceed�he permitted limiu,then: (a}any such loan charge shall6e rYducecl by tl�e umount rtc�ess�sy to reduce =��_�_-
<br /> �.�:,,--
<br /> the charge ta the permitted limit;and(6)any sums already collected frorn Borrower which exceeded�nnitted Iimits will be ��pk�,:_f"�`
<br /> , .. ':", ,' cefunded to Borrower. Lende�may choose to make this refund by reducing the principal owed under the Note or by making a °,t', :: .--
<br /> •; � ' � � :'. direct paymeat to Borrower. if a refund reduces principul,tGe�edaction wiA 6e treated as a partial prepay�teat withnut any ' ` -
<br />-- ,.��.�,s,,.fi-" P�P Y � 1.✓�� _�
<br /> . .•.c�.,,4�;>--;='=,.= a mentc eundert�ieiYote. ,.;:::^e,�'-;-
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<br /> '�' °-• : 14. Nottees. Any notice to Borrower provideb for in this Security Inswment shall be given by delivering it or by • �+ i :�:--
<br /> , ol..._-
<br /> ' ��� ^` mailing it by first c(ass mail unless applicable[aw cequ9nes use of another method.The notice shall be dimcted to the Pc�operty I r'' yT��`
<br /> -• � � � Addmss or an y ather add�ss Borrower desi g n a t e s b y notice to l.ender. M y norice to I.Qnder shall be given D y fiist class fi°"�'��'.I.��'� � -
<br /> _ :�;;�;��;.::_,.:,.,:.. ..,:;:'t, muil to l.eader s address stated herein or any ather addr+ess Leader desigautes by nolice to Borrower. Any notice pinvided for �'�• " � , -
<br /> :�..�;,�Y':. . _ ' in this Security Insaument shall 6e deemed ta have tseen given to Bomower or Lender when given as provided in this ��"����• -
<br /> ; �•. .:i.,�'���f;!s'`•.:,... , P��P� .,.'.' ;. .:�. --
<br />__ -, .;rorr,. ` . „ 1S. Governing II.��; Severability. This Sesurity instrument sliall he.gev�ned by fedcral law artd the luw of the a..�;• < :::�-�
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<br /> . .� jurisdiction in which the]r"t�?�eKy is lacated. In 1x�c��t that any pmvssioa�r c:�se of this Security Instwneau or ttte Note `a;.�•:: �� ?'�.r
<br />- • ''';�,• �. canflicts with apglicable i���,such cccu.'.ise s.ha�`����:��,eCt other grevisions of ihas Security Instrument orthe Note which can "���� . '•"___-
<br /> 'r ; ' �:� 6e given effect withourt±ie C�nt�ir�i�.��,�r.�,r.<:s�r��. �'�-*.��.�s��d+i�N Frovisiuns of this Security�Cnsrrument and ttie Note are 3��-
<br /> t,.,.,',� �°•'';;,,. declared to 6e severable.. �, , ,, .• . , � _
<br /> �r���st; , , 16. Borrowes's�°y Borrower shall be gci�r,�:� e to.,.!�ar.mad copy of[he tiote and of this Security��suument. � �'�.
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<br /> _ ;f���'. � '• 17. 1lransPer s�P,i�]Pcoperty or a Bene�cial�nterest in�rro�ver. If a[I orany part of the Property ar any interest in �• � -- --
<br /> _ ;t':';_ � it is'sv,�E�Rr.transferred(or if a berteficial interest in Botrower ci sold or uansferrcd and Borrower is not a natural person) : .�;����P��"�..`�
<br />- _ . wt'1u,�a?[s�:��er's prior wriuen consent,l.ender may,st its optiam,.�eyuim immediate payment in full of all sums secumd 6y . :,::;; •;;
<br /> - , th3s.,"�aauv:�Instrument. Howevet.this option Shall not be exercised by Lender if eaercise is prohi6ited by fede�al law as of ' •� ;��
<br /> - -,� ;;;�,�_4t; � the d�."x of this 5ecurity Tnstrument. ,
<br /> ��•„ ...�,.,, , . If l.ender exercises this option.Lender shall give Borrower notice of acceieratian. The nodce shall providt a period of
<br /> � . ;..�:,. not Iess than 30 days from the date the notice is delivered or mailed within which Borrower must pay all rums secured by this ' ��
<br /> � ' ��''` Security tnstrument. If Borrower fails to puy these sums priar ro the expimtion of this period. Lender may invoke any • ' � � '.
<br /> • � ` remedtes peanitted py this 5ecurity Insttument without further notioe or demand on Bu�ro�vcr. ' '`"�'�'�`� �
<br /> ;�.,��..., .
<br /> �, ; 18. Bom►wer's Right to Re3nstpte. If�Borro�ver meets certain conditions..Boirower�sha11 have the right to have ; .':. �. ?�'+�•
<br /> , ; � ' enforcemencof�this Securiry Instrument discantlnued at any dme prior to the earller of: (a)S days(or aueh other period as '• . �
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