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<br /> _ —N.� C;t)TiAC(ililsytiuii m•�zllicr�;�king af'm�y p.�it a�F thc k'ru�:��zy.�r Yi�s c«nscycn�cc in Ncu uPc.3m�icu�nu:ton,a�c i�i.�.•'�y u�;.ig�c4a;u�J _�
<br />_.-��,�;� �hall tx:p;.eiA tcy Lendcr.
<br /> -- I�� �Tqc cvent of ti total tukiug uf'�hc {'���YK�ty. ►hc pr�x:�cdti hh;ill t�. s�}plicci ta tl�c suau� :,c�u��<I t�y th+v �c:urity
<br /> Inti9ivnxut,whc�her ur nW the�s dur,wGh sny cxcesv�id Ia Horrowcr. In tha c�cnt of a Mrti�t talcing nf thc A�peny ir,
<br /> ==�•��� �sliicl��Itc fzir m:nkct v,iluc oi th�.P�u��ty imu�ciliatc�y ixti�,�du-takiu�.;es cqual to c+r•grc:itcr�hau tlic anu�+irt a�f ihc•�u:7�s �
<br />-- -- �ecured by thiv Secu�iry ln�trumc��t im�i�c�iatcly befc►re tl►e t�►kin�.unlcss Nonu���er wxi i.cndcr atKru�ise agrce in vvnbnQ.
<br /> _— tl►c s�ims securcd by�hi,Sec�rhy In�ttuiroent shall hc rsxluced by thc am�uni of the praceeds muUipticd by thc fdk�wina
<br /> fraction: Qa)�h�e tutal amount of�he sucns secured irnmediatefy bcfur�c the tnScing,divi�9ec1 by(b)tM^fair market vdue ot►!tc
<br /> I'ruperiy immediutely h.efure'it�t taicing. Any bala�xe shall be�►id to Borrow�er. 1n tlx evrnt af a �artiaf�akin� of the
<br /> -- {'ruQeny in whlch�ho lair markct vulue af thc Ptnixrty imn►ediatcly heforo�he tak�ng is less ih:n tfk amcwm af'the►umx
<br /> --= securect imm�di�t�ely heforc�Ix:�nking,wiless 9omnwer a�►d Lcndcr otherwise aIIrre in writing ar unless applirable Iww
<br /> ______� otherwlsc piuvidss,thc pre>ccec�s shctll bc ap�Ucd ro che sums t;�curcd by�hi�;Security instrunxnt whcthcr or mn�tlx sums eu�
<br /> the��dUe.
<br /> If the Propeny is ubandoncd by Borrower,ur i�nfter notiee by Lender to Boxrow�cr that thr,conclemr�or oEfcrs iu m�lce
<br /> -- im nward ar setQe a claim for danruges,Barrower fails to resnond ta Lcitder within 30 days AAer 11►e dato the ndice is given,
<br /> = f,endec is �uthurized tn c�llect and apply the proceeds,at its option,cither tu rcstoration or rcpair c�f tl�e��perl.y or to tf�o ,
<br /> ---== su�is secund by U�is Securiry Cnstrurncnt,whether ar not then due.
<br /> ----- Unless l.ender and Borrow•er ulherwise�gi�ee in writing.nny application of procads to principal siiaU nat extend or
<br /> �—�- pnstpone t.hc duc datc of the monthly pa�n4cnts refcrred tc�in paragraphs 1 and Z or change the amount of such payments.
<br /> -----a= II1. ° • ��! P.c9•�; L�;r�::r:� gY i...a�� Nr! e �Jh's�y.r. E.r!er.�:e!� oS l.n� r9n,� f� n!;!*4ent �r -
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<br /> _-.-R„ mr�difcation uf cnmorti•ration of�he sums secured by this Sec�rity Instrument granted by Lender to ar�y successor in interest
<br /> ",�..�,� of Bocrower shall not operatc to�rlcase lhe liability af the original ilomower or Borrower�successvtx in interes� l.eneier
<br />---- " shall nut �►e rcquin:d to cammeRCC pnxcedings agalnst any successor in intercst or refuse to extend time for payment ar
<br /> s othenvisti modify amortization of the sanrs r,ecured by this Security Instntmcni by reasan of uny dema�xl made by the original
<br />„,o;�;,. � {3orro��•er or Bomower�s succcssors in interest. Any forbcarance by Lender in cxerc�sins any rigt►t ar r�mcdy shaU not b+c a
<br />'"�`-b'' _� wuivcr of or preclude the excrcise of any right or rems:dy. _
<br /> ----� 12. Successors and Assigns f�ound;Jofnt And Scveml dia6fllty;Caslgners. Th�cuvenan�s and aarcements mf thi.,
<br /> '�'�� Se�urity Instrument shall bind and bene6t the successors and assigns of Lender and Borrower.subject to the provisions of
<br />°'r"���'� parrgrapti 17.Borrower's covenan�s and uSrcements shall be juint and several.Any Borrower who co-signs this Security
<br />-�-�_-_•.� [nsuument but dces not exe�ute the Note: (a)is co-signing this Securiry Insttument only to mortgage,grat►t and cnnvey that
<br />--=-_=�- Bairower's-intcrest in thc Property unAer dtc tcm�s u�f this Security Instrument; (b)is not personslly obligated to p�y the sums
<br /> u�t��:h� secured by this S�curity Inst�ument; and(c)agrees that I.ende�and any other Borcowcr may agree ta extend.modify,forbear
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<br /> -•� or maicc any accommoaa[ions witn regard to inG [erms oi mis accuriry tnsirununi ar ii�c i:uic w�iiroui i;iai �1VIIUWGI 3
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<br /> consent.
<br /> -�'�?�� 13. Loan Charges. If thc loan secured by this Security Instrument is subject tu a law �vhich scts maximum loan
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<br /> � ,y,,,�; charges,and thzt law is final[y interpmted so that qie interest or other loan charges collected or tn be collpeted in connection
<br />'�'�"�;, with the loan exceed the pemiittcd limits,then: (a)any such loan ch�rge shall be reduccd try the amount necessary to n;duce
<br />:;���• the charge io the permitted limit;and(b)any sums already collected from Borrower which exceeded pertnitted limits will be
<br />==���. refunded ta Bomower. I.ender may choose to make this cefund by reducin�the principal o�ved under thc Note or by making a
<br /> ""�'-'-_� dic�ect payment to Bormwer. If a refund reduces principal,the reduction�vill be treatrd as a panial p�payment without any --
<br /> '-`�+:,:� preplyment char�e undr.r the Note. �
<br />`���t�``'�'°'`� Y4. Not[ces. Any notice to Borrower providcd for in this Security Instrument shall bc given by delivcring it or by E: `.
<br /> �`-�-y'��•: maiting it by fini class mail unless applicable:aw m�uires use of:u►other methai.The notice shall be dimcted to the Property �"'-
<br />:��_{'::� Address or any�tD�er address Borrower designates by notice to Lender. Any notice to Lcnder shall be given by first dass
<br /> m�il tv LenCer's address statcd hcrein or any othcr address Lender designates by notice to Borrower. Any notice providcd far �y�;
<br /> --'m°"`''° in this Security Instrument shall be deemed to have been given to Borrower or Lendcr when given as provided in this 1=�:
<br />`-Y:r''�-9 paragraph.
<br />"°'� � 15. Governing Law; Severability. 'Iliis Secarity Instrument shall be govemed by federal law and the law of the ���
<br />-- -w_:.� jurisdiction in which the Property is located. In the event that any provi�.ic�7 or clause of this Security Instrument or ihe h'oie �
<br />_:r„�.:,�; conflic[s with applicable law,such contlict shall not affecr.other provisions of this Securiry Instrument or the Note which can
<br />''-°';;�?'.'.- be �iven effect�vathout the conflicteng provision. 'Ib this end the provi�.:ons of this Security Instrument and t!:�P'ote are
<br /> -::Y%-=�- declnred to be severa'�le.
<br /> �`'��` 16. Borrower's Copy. tiorrower shall be given one conformed copy of the Note and of this Security Instnimeni.
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<br />;>;:',z��"�: H 7, '�ansfer uf the Proptriy or a Beneficfal Intcrest�n Borrower. If all or any p.vt of the F'roperty or any int�rcst in
<br />�'��'�'�'' it is solt] cr.transferrcd(or if a b:�eficial interest in Borrowcr is soid or transfernd:utd Bomower is not a natural person)
<br />.- ;. without Lenders prior written consent,Lender may,at its option,require immediate payment in full of all sums secured by I
<br /> � '^ this 5ecurity[nstrument. However,this option shall not be exercised by Lender if exercise is prohibited by federal law as of
<br /> � the date of this Security lnstrument. f
<br />-. If Lenderexcrcise:s this option,Lender sha0�ive Borrower notice of acceleration. The notice shall provide a period of I
<br /> � • , noi less than 30 days from the date the notice is delivered or mailed with+n which Borrower must pay all sums securecl by this I
<br />° �� - Security Insnvment. If Borrower fails to pay these sums prior to the expiration of Qiis period. Lender may inaoke any
<br /> remedies pe�mitted by this Securiry Inswment without Curther notice or cl�niand on Borro�ver. '
<br /> • "•� 18. BorroSV�er's Rig�tt to Reinstat�. I� Borrower meets cert�lin ca�ditions. Borrower shall have the right to have I
<br /> ' �'�� enforcement of this Security Insnum�nt discontinued at any Rme prior to the earlier of: (a)5 days(or such other period as
<br /> Singlc F�mily•-knnnte MsclFlrcddl;Mnc L'NIFORD!1NSTRU111ENT--Unifomt Covmanu 9%90 lpagc 4 of 6 pagcsl i .
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