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<br /> _----_=;.....�r� c+�;i�t�a�zr�ctin;z o�atii�r tc:4:in�;ui n;zy p�t af'i�i::F'in�t:;yfy.ur f�rcc.:rvcynsicc i�z licu uS�c;��id;:,�inrstio,e,ar�itcr�by�issiFiiLi1 r.�i�1 L_-=,�
<br /> -. —_----_—- sl�all tw paid ta l.cndcr.
<br /> ��„R„�,➢ In t�e cvcnc of u tatn! tnkbig of tl�c Praperty, thc prcuc,:cis sliall bc appti.d to thc su�itr• sccurcd�y tl�is 5ccurity
<br /> =�--- IaKhument,whether or not then duc,wllh any excess paid to Harruwcr. [n tho evcnt of a panial taking of Ihe Pro�erty in
<br /> A wl�ich�.hc fNir market vnlue of the Property imme�iately bPfc�re th+�tnking is a�uat to or grcatcr tha.n the nmount of the sums
<br /> --.,...�;-.-��a�nrn ���.i�rrd hy 1h�a S�curi?y I�istrument immedivtely tMf�n:tl�e takinu,onte���Pormtv�r attd L�rtdet u4hen�.ic�agr�.in r::iti�ig, r
<br /> � ttro timns secured by this Sacur�ty Instrument shall be re�duced by the amount of tiie proceeds mul�iplied by the follawing
<br /> f'raction: (a)the totul amaune of the sums s,.cured immectiately before tiie tulcing,divided by(b)th�fair market value of the
<br /> Pro�rty irt�medlately b�fore the taking. Any balance shall be paid to Bonowcr. In thc evcnt af u paniaf taking of the
<br /> Property in�vhich tho fair m:�rkct vnluc of the Propeny irnmedin[ely beforc thc tnking is less tl�an the amount of thc sums
<br /> __ ______ sccured immediately bcfore the takin�,unlcss Qorrawer aitd l.ender otheitinrise ngree in writing or unless applicnble law
<br /> ---= oihenvisc providcs,thc procccds shall be applicd to ehc sums sccured by this Securiry Instswnent whedicr or not tlie sums ai�e �
<br />--=_- -- then due. —
<br /> — If tha Prop,:rty is abandoned by Borrower,or if.nfter notice by Lender to Bonower that the condemnor offers to mnke
<br /> --�=.m=-= an nward or settle a cluim for damages.Bonower fails to respond to Lender within 3U days after the date the notice is�iven,
<br /> _ �__� Lender is rwthaeized to collect and apply th�procceds,at its aption,cither to restomtion or n;pair of the Property or to the "
<br /> ____�_a____�a sums secured Uy this Sccurity Instrument,whethcr or not then dne.
<br /> --— -' Unless Lender and Borrawer othenvise agree in writing,o��y application of proceeds to principal shall not extend or —
<br /> _ — postpone the due date of th�monthly payments referred to in pangraphs 1 and 2 or change the amo�:nt of such payments.
<br /> _______ 11. Borruwer Not Released; Farbenrance By Lender Not u NRaiver. L�xtension of the time fc►r payment or
<br /> —��� madification of�uno»izatiun of fl�a yums secured by ti�is Security Instrument granted by Lender to any successor in interest —
<br /> �W=��� of I�otrower shnU not operate to release the iiability of the original Borrower or Aorrower's• successors in intcrest.Lender
<br /> _.. , ;:=:�Y:.:= shull not be��equired to commence proceedin�s against any successor in intcrest or refuse to extend time for puyment or —
<br /> `i�:°.i:a�t;� __�yi�" otherwise�uodify amortuation of the sums secured by this Securiry Instrumcnt by reason of any demand made by tlie ori�inal --
<br /> � Borrower ur Horrower's successors in interest. Any forbearance by Lender in exercising uny ri�ht or remedy shall not be a
<br /> " "� � waiver of or preclude t4�e exercise of any right or remedy.
<br /> -;,� ����� 12. Successo��:Yi Assl��s Bvund;Juint und Severai Linioiiity;Co-signers. `Che covenants and agi�ements of this —"-
<br /> :_-���•�'.= �� ��'�,• �ecuri Inswment sl�::".I bind and benefit the successois und assi ns of Lender and Honower, sub ect to the rovisions of
<br /> •�:::���::s �, . ty � l P
<br />--=��"�::4, .fiR{;':'} paragraph 17. Borro�rrrs covenants and agreements shall be joint and several. Any Borrower who co-signs this 5ecurity
<br />``..•�� :� �• �"y;.'� Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grant and conve��that --
<br /> �r�..�•.�....,..,;,.,.:,
<br />_,t•,; ,, . , � '' Borrawer's interest in the Property under the terms of this S��curiiy lnstrument; (b)is not personally obligated to pay the sums =
<br /> '�„ . secured by this Security Instrument;artd(c)agrecs that Lender und uny other Borrower may ugree to extend,modify,forbear
<br /> ' � or malce any accommacl;�tions with ��egnrd to thc terms of this Sewrity Instrument or the Note without that Borrower� �"
<br /> �-- • consent.
<br /> _�`' 13. Goan Charses. If the loan secured by this Securiry Instniment is subject to a law which sets maximum loare —
<br /> char�,es,1nd that law is finnlly interfr:;ted so that the interest orother loan charges collected or to be collezted in connecdon = --
<br /> ;:,,,•;� with the Iann exceed the peirr»tted limits,then: (a)any such loan charge shall be reduced by the aniount necessary to reduee --
<br /> . ' '��,`'. the chm•gz to the permitted limit;and(b)any sums Already collccted from Borrower�vhich excceded permittcd limits will be
<br /> '�(; • refunded to Borrower. Lender muy chouse to make this rcfund by reducing the piincipal owed under the Note or by malcing a f q�.:
<br /> , • ditect payment to Borrower. If a refund reduces principal,Ihe red�tction will be trcated as a partial prepayment without any
<br /> . -• :,,?;.'':;�, prepayment charge under the Note. �n:
<br /> . � 14. Notic2s. Any notice to Borrower provided for in t4is Security Instrument shall be given by delivering it or by
<br /> •• "=';,,:'..� mailing it by first class mail unless applicable law reyuires use of another method.The notice shall be directed to th�Propeny
<br /> � Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class `���
<br />, � mail to Lender s address stnted herein or any other address Lender designates by notice to Borrower. Any notice provided for ;
<br /> ;'.�r-,.. ..„" in this Security Instrument shall bc deemed to hlve heen�iven co Borrower or Lender when given as provided in this �
<br /> , • ,- pamgraph. �
<br /> ' '4 15. Governing L�w; Severability. This Security Instrument shall be govemcd by fedcral law and thc law of the
<br /> ' ' • , jurisdiction in which the Property is located. [n the event that any provision or clause of this Secw•ity Instrument or the Note
<br /> • . . ' conflicts�vith applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which c.1n
<br /> '� be given effect without the conflicting provision. To this end Ihe provisions of this Security Instrument and the Note are �
<br /> '�� ��� deciured to be severable.
<br /> .�� 16. Borrower's Copy. Borro�ver shall be given one confurtnc:d copy of the Note:u�d of this Security Instrument.
<br />. 17. 'I�ansfer oP the Aroperty or a Beneficial Interest im Doerrower. If all or any pan of thc Property ar any interest in
<br /> it is sold or transfcaed (or if a beneficial interest in Borrower is sold or transfcrreJ and Borrower is not a natw•al person)
<br /> ,�. .. without Lender's•prior written consent, Lender may,at its option, reyuire immediate payment in full of all sums secured by
<br /> this Sccurity[nstrumcnt. Howcver,this option shall not bc cxcrcised by Lcnder if excrcise is pmhibiteJ by fedcrsl law as of � �
<br /> i the date of this Security Instrument.
<br /> �. .r„ . If Lender exercises this option,Lcnde r shall give Borrower notice of acceleration. 'I'he notice shull provide a period of '
<br /> 1=:"'•� "' not less than 30 days from the date ti�e ncui�e is delivered�r mailed within which Borcowrr must pay all sums secured by this
<br /> ' Security Instntment. If Borro�ver fails to pay these sums prior to the expiration of this period, Lender may invoke any '
<br /> " � rtmedies permitted by this Sccurity Instrument withuut further notire or demand on Borcower.
<br /> 1 " 18. Borrower's Right to Reinstate. if Borro�ver meets certain conditions, Borrower shaU have tlm right to have
<br /> � . enforeement of this Security Instrument discontinued at any time prior to the earlie�of: (a)S days (or such other period as
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