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<br /> �=�;�� cc�ndcmnud��n or�Hhcr luking of uny pan ui'thr Pn►peny,cx fur cunveyu�xu in licu��f condcmnution,are hereby w.ri�neJ und
<br /> --_— ------ +chull t+c paid to l.endcr.
<br /> a� — In �he even� of u uH�l �aking of the Pra�xrty, the �r�xeed, ,hull h� applkd t�► the rum� uecured by thi� 5ecu�ily
<br /> - in,trumenl.whe�hcr�►r n�N then dua. ����Ih uny cxcer+paiJ 1� Bomc�wcr. (n Ihr avent of u�rnal tuking of the Pm�xAy +�
<br /> u:;'Y , ti,�°:';: which thr fuir murkct vulur of the I�ruprity immediutcly hcfnnn�hc�uking i�cyuul to ur�emutcr ihun ihe umoum af the xum�
<br /> '�� ..« xecured hy�hir Security Instrument immedia�ely t�fure ihe taking,unle++B��uwer und l.rnder otherwiK ugrcc in writing, _
<br /> � -- - �h' tl�sums �umd hy IhiY Secu�i�y Instrumen�,holl tx redu�ed hy the aimiunt cif Ihr pnxeed,multiplied by�he folluwing
<br /> _:'' — fructian: !a►thc wwl wnount af the+ums secu�d immediaieiy hef�+rc thr tuking,divickKl by IMI Ihe Puir�murkel valuc uf thr �- __
<br /> �� .�.. Pmprny immediat�ly bcfon thc �aking Any balance sh•rll l� puid to Bormwer. In the event of u p;utiul iuking of thc
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<br /> '""�•���'•."�y�. Propeny in which the t'uir murkrt vuluc ��f 1he Propeny irnmediutcly t+efon: �hc tuking ix le+s thun ihc umuum.�f U�e sums _
<br /> - --- „�,;; " n�xurcd immcdiately t+eforc thc t�ir�g, uMess Borrowcr und Lcndrr utherwise ugree in writing ur unle,� upplicublc luw
<br /> �����`;�' � otherwi`e provides,�he prcxrrds xhuU he upplied�o thr xum.r,ecurcd by�hi.Secunty Inx�rumem whrihcr or nat the sum.r arc �
<br /> _�;�. , ' then due. _
<br /> ��=:�:'��:�..:. If the Propeny is ab:u�doned by Bom►wer, or if,afler notice by Lender to BaRawer�hu�the condrmno�offerx to make
<br />-= �';1T:�;�,. ._ un uwurd cx f;c:ule a cluim for damage�,Borrawe�fuilti to re,pcmd to l.ender K•ithin;(1 duyx afler the d•r�c tlx�notice is given, _ __
<br /> -�:�;t� - Lender is nwhorized to collec� und opply the prcxeedti,at itc opticx�,euher to r�cstaration or repair of the Property or to Ihe __
<br /> - �� ,:• --— sums secured by this Security(oxtn�ment,whe�hcror na th�n due. ��
<br /> `'�'°``'�'�`�•� � Unles�l.ender and Borrower uthcrw•ise n�ree in wri�ing,nny upplication of pnxeeJ.�u priucipal shall not extend or --
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<br /> -=�^'� postpone the due dale of Ihe manthly paymenls refeRed to in p:uagruphti I and 2 0�change the umaunt of such payment+.
<br /> �`�-•v��.; 11. Borrower Not Released; Forbearnnce By Lender Not w Waiver. Ex�enxian of the time for payment or - -
<br /> =�u.,�� madification at'amortization ot Ihe sumz secured by�hix Securiry Instrumeot grAnted by Lender to any xuccessar in interex� ���
<br /> - '�;��_:., _ of�onower shutl not operute to releuse �h� liability af the originul Borrower or Borrowerg xuccesso�in imerest. Lender ��'�°`
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<br /> y r^�--r '„C • nhall not be �equired to commencc prcxccdings agumst any successor in iatere�i or refuse to extend time for paymcnt or v�,.,;.�r,
<br /> !�� �<.,r,;�,�.;: t .. athenvise malify umonizution af'the sums.r•ecured by�hi�Scrurity Intitrument hy re�.�on of any demnnd made by the original 1 :�,�•
<br />-.:•�: t"A �"' •�� Borrower or BaROwer'.s xuccexmrs in interes�. Any forbearance by Lender in exercising uny right ar remedy+hull nat be a =�
<br /> -`r,• ',' �`�/;�+'�� ' � waiver af or preclude the rxerci�e oi any right or remedy.
<br /> '�'�� ��v;t:�`��'�. ' ? •' 12. Successors and Assigns 8ound;Joint and Severall.iabiNty;Co-signers. The covenants und agreements of this ��'
<br /> .';`��i����.�t , r � > > d e r a n d B a r r o w e�.�u b'•c t �o the rovfsians of '"'!'`�
<br /> . �y � � �• Security lmlrument shall bind und benefit the+uccesson und u,r,�gnti�f Le.n J� P ��.:-
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<br /> •;;,,�,. ,��r „�.; .'�;_ paragmph 17. Borrower's covenunls and agreements shall be joint und xeverul. Any Horrower who co•signs this Security _
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<br /> °='`�: s. instrumern but does not execute the Note: (al iti ca-.igning�hi,Securiry Instrument only lo mortgage,grunt und canvey that _,_
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<br /> �_�r,,.: ,�.,�„:��,,.._�. Borrower's interetit in�he Propcny under the�erms af�hix Security Imtrumenc lbl ix not pernonnlly obliguted�o pay the xums �;M1.;
<br /> ���-� zecured by thix Security Instrument:and(rl ugrce,�hut Lender und uny othcr Borrowrr muy u�me to extend,malify,i'orbeur ��_`
<br />_a�.�'� ;�,,-��;; or moke any uccommcxlu�ium wi�h regurJ �o the �ermti oi' �his Security In�lrument ar �he Nate withom that Borrowerz __ _
<br /> -- COIItiCM.
<br /> — ++���a�°= -_�-' I i. I.�wn Char�es. If�hc loan �crurcJ by �hi,Sccuri�y Iminmxnt i� �uhjecl k� u luw which x�, muximum loun r--
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<br /> =n:, .:.,d•!._ . churge�,and Ihut luw i.finally interpre�eJ au�hut�hc imrre�t.►r other I��un churge.rullrrtrd�x lu Ix co11ec1eJ�n connecti+►n —
<br />°�::.t � _ � . • with�hr loan rxrerd Ihe�xm�iueJ limi��.�hrrr ��u uny,urh loan chur�:c.hull Fn reduced by thr amoun�necc�+ury to reduce
<br /> - =_ . Ihe churge to the�xmiilled limil:unJ Ib)uny wm�ulnad�ruUrr�ed 1'mm Burrower which excreJrd�xmiiurJ lirni�+will lu -
<br /> ��-:r ' , � refunJed ta Hom�wcr. Lenikr rouy rhiK►,e ro muke thi+rc(un�l hy rcdurin�!ttx principal oweJ under�hc Note or hy making a
<br /> .:�,�. �..,;�. • .,° direct p�yment to F3orr��wrr. If u nfw�J rcdurr,principul.the mduc�ion will Ix tmuted us u partiul pmpayment whhout any �`
<br /> -���.c•_== S, y.. �� prcpuymeni char�;�unJer the Notc. --�-
<br />_.r'r,� , l4. Noticcw. Any notire to Boniiwrr prc►vidcd fur in thi, Srruriry In+trumcm +hall he given by delivc�inp it or by _.,__
<br /> "" � -• mailing it by�r�t rla.s mail unlr.r�uppliruMe I�w r�yuin r.use uf unolher metMxf.7'hc notire tihall Ne Jirectcd w the Ptx�ny
<br />� "�• Addre`z or uny rnher uddre.. Bortowrr dc+ignale+by ni�tirr io L.�nJer. Any notice to Lcndrr+hull lx given by Pn�cluxs ��"�
<br /> ''�:+i -'.�• mail to Lender�uddrexti��vted herein or uny�Nher uddre.�Lrnd�r dr.ignutr�Ny nulice w Borrowrr. Any notice provided for Q:.~%`:'
<br /> �„� .' � � • in thix Srcurity (nxlrument xhall hr deemrJ Iu havn c�en �eiven 10 Bom�wer or Lender when �:iven ax provided in thir __
<br /> � parugruph.
<br /> -�� ••� ,. 1S. (ioverninR Low: Severubility. Thi� Scruriry Inxtrumem .hull t�e �ovcrned by federnl law und the law of thc °�:;:
<br /> ' . ,, " " juri:sdiction in which the Propehy is I�xuted. In the event ihnt un�•prmision or rl•ru,e uf this Security Inxuumcnt or the Note � ;.,,
<br /> � ,� eonflicts with upplirublr luw.zunc�ontlict�hall not ai'1'ect Mher pmvi+ion+of Ibi+Seruri�y Intitrument or the Note which cun
<br /> ���,�,,y �� � . be Fiven cifect wilhout the contlirtin� provision, To thi.end the provision.of thi�Serurity Inxtrumem und the Note ure �.;,
<br /> ,4`; V^.! . declared to be�cveruMr. �"_
<br /> ` ` " �4 ����:,•; ° 16. Borrower's Copv B��rrowcr+hull Ix gi�•rn imr c�mformeJ rupy�if�he Notr and of thi,Security Imtn�ment.
<br /> -�'' +'�'��r�'� 17. 'I�ansfer uP the Propertv or u Beneficlul Interest in Borrower. If all��r unv part of�hc Prupeny or any interc�t in ���;
<br /> ':�. :�.i�.:,�:,:•'� ,�- _•._�„�t,
<br />;:_:�t,n: �•�:�'..' i1 ix wIJ or trantiferrcd I��r if a ixnrfirial intcrc+l in pnrrm�cr i..nld or trantifcrrcd und Burruwer is na a naturul per�onl ____
<br />`�L?����,�.. wi�hout Lendcr�prior wrin�n a�mem, Lrnder ma�•. n�i�,uptiun,reyuire immrdiaie puymcnt in full of all sum.xecurcd by ___
<br /> "`""��`' ,� � this Securit Instrurrwm. Howevrr,this a tiun shull n�w tx cxcnised b Lender if cxcrci�r is rohibited b frde�al law us of -
<br /> ���.,i..� �-M. y �' y " Y �-
<br /> ;L�`.t;'� '..•� • the dute ol'�his Security Inxlrumen�.
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<br /> K,,',.;, . If Lender rxrrci.rs thi+oplion.Lrndcr+hall�ivr Bortnwer notirr nf urreleration. Thc no�irc.hall pmviJe a period of
<br /> ;,,�,:.. �� not les.than 311 dayx from ihe Jate�hc no►icr i�deliv�red ur mailyd�rilhin which BurroNrr mu+l p:�y all,ums.erured by thi+
<br /> �' . • • Sccuriry Inxtrumcnl. If BoRUwrr fuil, to p•ry iik,r �um. priur to th�expiratiiHi uf ihi. periixl. Lcnder mny invoke :uiy � ,
<br />. � . ` rcmcdies prrmiurJ by�hi,Srcurity In+tnimem.ciihoui funlx r noiicr��r demanJ uu Hurru��er. •� �
<br /> , 18. Bnrrower'ti Ri�ht to Iteinwtate. If N��rruN�r mrct+ rrn:�in a�nJitiun.. Burruurr+hall havc thr right ro huvc
<br /> " � , enforcement of'Ihi.Securi��• Imlrumem ditiruntinur�l ai :im tim� pri��r t��thc earlicr uf: �:u S da)•+lur�uch o�hrr periixl u.
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