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<br />- —,�.�.:.:'�..yfryS,�r�. . i �li.�r•� :�G��t-l��i�� �'�.IiU.F�i:,�i�il-...ii,/.b�'Sf:: .:�i- }�.. l�i�� -.�{�i�.., .e . !. ,. , �. 'i'� �., - ou.,�..,
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<br /> �;hall tx:patd!o I..�i4a��r, ..
<br /> - In tiie c���nt uC :►tut:! [:+klnf; af' IFiN R�s�:erty, [7:e�rrx:eed+ sh:�!I t►c aE�{il(ed to Ihc 4unxti�.;ure,E hy tius 5cn.�:rity
<br /> rnstnutx�it,r�lxtt�cr ar n�x tF�en du�,with cuiy excess paiA ro C3urr��wcr. In ttw evtnt o{'a��ar�ial talinb of lhc['r�sp+�rly in
<br /> which tt�fair�nerket value oC the E7operty immcdia�ely txcf���e the taking ix a�u�l to�rr gaAter th�n the s�unt oF t1►e eums
<br /> --=`�"�''��"''• �{,, I !y I�rfol��1?�'tak���y, �inless l�ora•owcr attid I.endcr aticc►Ki��ugrcu i+� u•:iting,
<br />..._..�: -.. _ . �_- :.u��i��Jj ii:�i�,��L.Tt�� ���n��lT� IlrTilw(��NTA �.__
<br /> the sums secured by thi�.Security instn�ment sha11 be, rtducrt! by .i►e�nuwnt of Ihe prcKetds m411iplied by trte tixwwing -
<br /> fractia�: (a)thc total ainaunt of ilre sums stcureA immediutely bcforc the teking,divirkvi by(b)tho f�ir msdcct value uf thc
<br /> � 4'roperty immedaitely befuce t.1k tu3cing. �►ny baiancc shat!b�paid ro�orrox•er. In the ev�nt of a�artia! takin�of tlx
<br /> N�o�xcty in which the feir mxrket vAluc of the Property immediately befane tho ta�C�ng is less than th�t►muun!Uf the sums
<br /> s.ecurcd im��cdiately before ti�e taking, unlcss Dorrower and Lcndcr otF�e.rwi�agree in wri¢ing ar unletis np�licablc iaw
<br /> � otherHise provides,thc procceds shall bc apptied to ihe sums secure�by ttFis 5ecurity Instrurnent whether or not the sums t+�
<br /> _-, � i��n duc. _
<br /> If�he F'rq�erty is abandoned by Borrowcr.or if,aftcr natice by.l.ender to DonnwPr ihut the condcmnor otters to make _
<br /> - an awar�ur settie a cla:m for damages.Borrower fails to respond tu Lender wi[hin 30 d�ys afrer the date the notie�+s given,
<br /> l.endcr is authorizcd to cullect and apply the proceeds,at its aption,cither to s�cstoration or repair nf thc Property ur to the
<br /> sums secuz¢d by this Security instrument.wl�etner or nat then due.
<br /> � f.lnless l.ender and Borrowe. othenvise agree in writing, any application of proceecLs to princiQal sh:ill not eatend or
<br /> ' postpone the due date of the rnonthly payments rcferced to in pamgraphs i und 2 ur change the:smount of suci�paymenu.
<br /> 11. Bs►rrower Not Reteased; Fu+'be�erance By l.endar Not p `'YAiver. Extcnsion of ihe time for payment or
<br /> J modificavon�f amortization of the surns secured doy tiiis Secu�iiy:iistv���ent�;�ani:,d�y Lcr.�er to ar_y surces�r in interest _
<br /> of Borrou�er shall nut operute to release thQ IiabiGty of the oribinal Borrower or Homower5�successors in interest. Lender
<br /> ,�_���,. shall�eot be required ro commence proceedin�s agninst any successor in interest or refuse to extend tirtrr for paYment or
<br /> ° ------- atherwise madify amortization of the sums secured by this Security Instrument hy reason of any demand made by the oripnal
<br /> � Borrower or Burrower's sucxessors in interest. Any forbearance by Lender in exercising any right or remedy ShaU not be a
<br /> ' ' °°�j waiver of or preclude the exercise of ony ri�ht or remedy.
<br /> ���"s'_��� l2. Suecessors and Assigns Bound;.Ioint pnd Several I.iability;C�sigaers. The covenarets and n�neements of this
<br /> ___-_;:.���� Scruriry Insuument sha11 bind and bert�fit the succcsson and a�.signs of Lender and Borrower. aubject to th�provisions of
<br /> _-_,�.:��„4y ' � paragraph 17. Bomnwer's covenanu and a�ments shall be jaint and several.Any Borrower who co-signs this Secwrity
<br /> _-=-'�'-'�° Dnswment but does nat execute the Nate: (a)is co-signin�this Security Inswment only to mortgage,�ant�nd convey that _
<br />_____t�F��I BorrowerS interest in the Property under the temtis of this Secariry Inst►ument; (b)is not personally obligated to pay tt�e sums �
<br />"--�--;�"'� seru�l by this 5ecuriry instrument;and(c)agrees shat L.cnder and any other Borcower may agree to extend.modify,forfiear
<br /> ='`'f�'�>:`-::��' � Rr m�I:e anv accommodations with re�ard to the ten�ns of this Secudty Instrument or die I�iote �vithout that Borrower's
<br /> -------��.-��r� conseot.
<br /> -°=_--=-m�? 13. Loan Charges. if the loan secured by this Securi3y Inshument is subject w a law which seu manimum toan
<br />--="Y'��"�"c" charges,and thzt law is finally interyrcted so that the interest or other loan charges collected or to be collected in connection
<br /> ��' x' �vitPu bhz loan exceed the pertnittec�limits,then: (a)any such loan charge shall be neduced by Uie amount ttecessary ta red�.�ce
<br />-:�:���,�:,;
<br /> '.;;w;✓ %�,Z,� tl�e charge to the permitted IimiC and(b)any sums almady coltected from Borrower which e�ccec:ded permitted�uniu""8]'l�e
<br /> 'y,�+i�:��' refunded to Dorrower. l.ender m�y choose to make this n;fund by reducing the principal o�e•.2d under the NoYe ar by n�akeng a
<br />;_.,.��?�a'�,.� . divect payment to Boirower. lf a refund mduces principal,[he mAucti�n�vill be trcated ac a partial prepayment without any
<br /> �-T��'� prepayment charge under the Note. --
<br /> �'�Y`'� !4. hIotices. Any notice to Bonower provided for in this Security Insuument shall be given by defivering it oT by
<br /> �i'Mkt ra3�' ���
<br /> �x�- �-'�''-""' mailing 6t by first cl�s mail unless applicable law�r,quircs use of another methad.71ie autice shall be directed to the Propeny
<br /> _ '_ �'" :m'sti.;.�::7 —
<br />-�..e?�fi,`y":;::'.,. Address or any other address Borrower designates by notice to Lender. Any noticc to Lender shall be given by tirst class _
<br /> __Y-��1���°'.'��� mail to Lender's address stated herein or any other address Lendcr designates by notice to Borrower. Any xiotice provided for
<br /> _._�.:.r�•°...•.
<br /> �,,u, _ :_,,,;:,._�,, in this Security Instniment shall be decmed ro havc becn given to Borrower or Lcndcr when�iven as provided in this
<br /> r �""'� � paragraph. ••-
<br /> �_�` 15. Governing Law; Seti•erability. 77►is Securiry Instrument shall be govemed by federal law and the law of[I�e
<br /> � �.���
<br /> ;�_r���;�:`;>'*''"": � jurisdiction in which the Property is located. In the event that ar�y provision or clause of this Security Instnt�ment or the Note _
<br />-.-�=�'*'.'?�{Y�,;�'. � ' conflicGs with applicable law,suc�-u conflict�hall not affect other provisions of this Security instrument or the Note�vhich can ��--_
<br />:.._i.r.:.:�.��;Li" J.� �
<br /> a;:.v;s.:.;:,n, ,.. . i be given effect widiout the conf��i�mg provision. To this end the provisions of this Securaty Insvument and tlie Note are �,LL_.
<br /> � . � ' ' " � declaral to be severable. � �
<br /> .' " � ' � 16. Borrower's Capy. Borrawer shall bc 6h�en one conformed copy of the Note and of¢his Securnty lnsttument.
<br /> �, ;. .,;�;;'';�",,,' 17. 7iransfer of the Propwrty or a I�eneticial interest i��Borro�er. If all or any pan of che�a�+eny or any antcrcst in
<br /> -_ - ' •�!'���:i•`,; it as said or transfetred (or if a b�neficial intcrcst in Borrower•s sold or transferrcd and @oirower is not a namral person) �__
<br />- "� y. ''�"�`"�' �vith�:::��ender's prior written consent,Lender may,at its option, requim immediate p�yment in full of all sums secuoed by
<br /> °•�` - � this 5ecurity[nstn►ment. However,this option shall not be exercised by Lender if exercise is pmhibited by federal lativ as of � �
<br />"J'�`• the date of this Seca:�ry Instrumcnt.
<br /> �. .
<br /> -4'"• t ° lf'Lender excr..ists this option,Ler.der shall give Borro�vcr notice of accelemtion. The notice shall�rdvide a gseriod of �'`
<br /> - nat less ihan 30 days from the date the noticc is delivercd or mailed within which Borrower must pay alE sums securr.d by this z
<br />,� � ' • Securiry Instrument. If Borrotiver fails to pay tltesc sums prior to the exp"rration of this period, L.ender may invoke any •
<br /> • remedies pertnitted by this Sewrity Insuument without further noticc or demand on Boirower. �
<br /> , ° 18. Borrower's[tight ro R�instate. If Borro�ver meets cenain conditions. Borro�ver shall have the right to hxve
<br /> enfomement of this Security Instrvment disconfsnued at any time prior to the earlier of: (s)5 days(or such other periad as ',
<br /> �
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