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<br /> carwinnuwion or other Wcing uf any p�rt of d�e ProprAy.or[or aanveYnnoe in lieu d canda�u�tlan,ne ha�by w�fned bd
<br /> shdl!�r p�id W L�der.
<br /> m d+o araoe or a m�al nl�in� ot sl�c A�perty, d�e proce�erh .hd� ee rppliea a a�e wm. sam+oa by dd. seeurity
<br /> Lntruma►t.whell�er a nat d�en due. with �ny Lxass pWd to Borrowar. In tfie event of a p�rtW f�in�ot tAe Property L�
<br /> vrbich the fair nrrta v�lue d d�Pro�tp bm�ediMely befae the tatcin�i�equd a a Srormr�n tb�aroouad ol d�e wn
<br /> socu�ed 1ry tfiu Secvriry iluravrrrnt immedj�eeiy befoa t1k t�k�n6,unleia&rruwer�nd l,ender dhawi�e q�a in wrkYaa.
<br /> � • . e � � � . ♦.♦ 1 . p'-�:..3.�.� w... t..l�..n•i....
<br /> IIIC 1W/M 7�R111W V'' YIM.lo�W��y ��YYY�IM+u a�-�ij� �www fr� Lw.r�wWw V� uw.�nvw�wM��wMyr� j ...... .-y —
<br /> c�: c.,d��«�t.�,owx ot d,�.�,.�a��iy e��d�e o.t;�,a��aea ey ro��r.�r m.�«�,u�d�.
<br /> A"oP�nY ��ly befae die ta'ting. My bdanoe stdl bc p�id w Bom�wer. !n t4�e event�of■ putial �elcin�{ of tl+e
<br /> AopetlY in which�he�eir mutet value ot the f'roper4y immed'wely bet�the talcin� i�kx�Il�an the artiount of the aurtss
<br /> xcured irrunediately befae the talting, u�das Rortower+rnd L.rr�der dherwisie agiee in wcitu� or unlas applie�ble Irw �
<br /> at�erwie�E+rovide�,the�m�coal9 shall be�ppliod�o thr aums saurod by this Security Imstniment wtxther ar na the xmm ar�
<br /> tiKn due.
<br /> tf the�roper�y is rbrrv.k��cJ by &►�n�wcr.ur iF.�ltt�iwtw:a by l.t�xkr tu BtxwM�r�fuit the cardenvwr afters to make
<br /> an awanl a'scttk a cWm fa damaae+,Bamwer fails to respix�d to I.ender within 30 daya atter the date the natice ia aive�,
<br /> I,ende�i:auliKxitod to collect atd apQly the proceeds,at its option.tither to restoration ar repair o[the Propetty or to tht
<br /> ,ums socwr�by this Sccurity Inswmm�,whether or na then due.
<br /> Unless l.ctukr and Bamwer olherwise agrce in writing,�ny application of proceeds [o principel shajl not exteerd a
<br /> postpone the due date of thn mun�hlY paym�nts rcf�rc�ai to in pangnph,1 and 2 cx change tbe amcwnt oF such p�ymrntn.
<br /> 11. eorruwer No1 RdeareJ; Forbe�ranee By Lender Not a Walver. Extension of the time for piymaK ar
<br /> modification of iunortizaticx�of the sums sccurod by this Stcurity Instrument gr�nted by Lender to any succesaor in inlerest
<br /> of Bixrowrr shaU not ope�ue to rekage the liabiliry of tlx original Borrower ur Bamwer?s successors in interesG Leoder
<br /> shall not be rcyuircd to commence proceedings agsiast any successar in intere-�t or�efuse to extend time for payment or
<br /> othenvise modify amcxtizuian of tht sums sccured by this Securiry Instrument by rcason of any demarMi made by the origirnal
<br /> Bomower rx Bormw�er+�uccess�rs in interest. Any falxara�xe by L.ender in exen:ising any�ight or rrmedy shall rwt be a
<br /> waiver of or pceclude the exercisc of any right dr rcmaly.
<br /> 1Z Successors and�s�ns ffo�sd;Joint smf Several I iability;Co-signtrs. �1'he covenants and agramen�s uf this
<br /> Securiry Intiuument shall bind a�xl brnrfit the successoas and assigns of Lender and Borrowec,:•ubjoct to the provisinns of
<br /> pu�agraph 17. Bortower;covrnancs and agrcements shall be juint and several. Any E�oecnwcr who casigns this Security
<br /> Instniment txit dc�ec not r;ecute the Note: (a)is co-signing this S�.�curity Instrument only to mortgage,grant and carvey that
<br /> Barower's interest in thC Pn�perty under the terms of this Security Instrument; (b)is not personally obligated tt�pay ttrc sums
<br /> socured by lhis Security Insttrumenr,and(c)agoecs that Lender and tu►y other Ba-rower may agtee to extend,modify,fabear
<br /> or make any accammalations with rcgatd to the terms of this Security Instrument or Ihe Note without that Borrowrr's -
<br /> �,���*.
<br /> 13. I.tt��n Charges. If the lain secumd by this Security InstrumZnt is subject to a law which sets maximum lou�
<br /> charges,and�t►at law is Cn�lly interpreted ao that the interest or other loan charges collectecl or to be collected in comxct6on
<br /> with the loan exceed the permiited limits,Ghen: (u)uny such toan charge shall be reduced by the amrwnt neeessary to n�ctuce
<br /> the charge to the permiitc.��"imiG and(b)any sums alc�eady collected from Boirowa:r svhich exceeded permitted limitc wil!be
<br /> rcfunded to Som�wer. Lerxler�hay choosc to maice this ctfund by reducing the p}+nc ipsl owed under the Note or by making a
<br /> dimct payment to Boirower. ff r,;e°un�l.neduces principal,the reduction tivill be�seated as a pae�fial prepayment withuut any
<br /> prepayment charge under the Nnt�.
<br /> 14. Notic�. Any natice to Borrowcr provided for in this Security Insaument shall be�ivr,ro by deliv�ring it or by
<br /> mailing it by first class nia:1 untess applicable!aw requires use uf anather method.f�he notioe shatl be directeth tc►'the Property
<br /> Add�ss or any ather sdOress Boirower designates by notice to Lender. Any notice to Lender,hall be given���first class
<br /> mail to Lenders address stat�d liemin or any other address Lender designates by notice to Bormwer. Any natice provided fox
<br /> in this Security Instrument shall be deemcd to have becn given to Dorrowcr or Lender whcn givcn as providcd in this
<br /> P�B�P�•
<br /> 1,4. Gorerning Law;, Sevenbility. This Security {nsuument shall be g�v,�rned by fecicrsl law ;uid thc law of thc
<br /> jur'ssAiction in which thc r^.r.:�pzrty is lixatcd. In the cvent that any�rrovision nr C➢ai�sc of this Security Insttument or the Note �..
<br /> contlictz with applicabte;n�.��.sech conflict shall not uffect other provisions of this Secnrity Inshument or the Note which can °
<br /> be given effect without the conflicting provisiun. To this end the provisions of this Security Inntrument and the Note:ue
<br /> declarod to be scverable.
<br /> 16. Borrower's Copy. Borrower sl�all be given one confonned copy of the Na�te and of this Security Instrument.
<br /> 17. 'I�ansfer of tfir fl�ruperRy or a Beneficial Interest in Borro►ser. lf�ill or tmy pact of the Prape�ty or any intcrest in =
<br /> it is wld or transfr.rced Znr if a Gcnefic+al intcrcst in Sorrowcr is sold or tr.tinsferreel�nd Borrowcr is not a nar.�ral person)
<br /> without Lerder's prior�vritten consen4 Lender may,at its optiun,n:quiire imrraecliAte payment in full oC all sums secured by
<br /> this Securit}Inswmettt. However,this option shall not be exercise;�'t►v L�nder if exercise is prohibited by feder.d law as of
<br /> the date of this Securiry lnstrument.
<br /> If Lender exercises this optiun,Lender sh:ill give Borrower notice of acceleratiuii. The notice shall provide a period�f
<br /> not less than 30 days fram the date the notice is deliveced or mailed within which Sorrower must pay all::ums secured by this
<br /> Sccurity InswmenG 1�'Burtower fails to pay thcse sums prior to the expirttinn uf this period. Lendcr►nay invoke any
<br /> remedies pertnittcd by this Sccuriry Inttn�ment without further notice or demand on Horrower.
<br /> I8. Borrower's Right to Rein�tate. !f Bormwer meeGti cert:►in conditions. Borro�ver shull have the right to have -
<br /> � cnforcement of this Sccurity Instnimen't�iiscontinued at:my timc prior to the carlicr of: 111 5 dnys(or such other period as __
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