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<br /> �ia�or othec r�iciifg of any p:ut of the Ftiapeny.or!'ar canveyanoe in tieu of con�iemnatiat.ac�e heceby assigned and
<br /> ' "sl�ali be p�id to I.rnder. • ` ' , �.
<br /> . � te tt�e event of a wta!t�Icing of thc'Pmperiy.the pnoceeds sl�tl ti�r applied w the sums secured by;this Secu�ity
<br /> Instnus�rnl.wf�hec or aot shea duc,xit6 any earess paid to Barmwer. tn the evenc of a partiai taL•ing af the Property in —A
<br /> -_ — afiich�the fair m�rket value oi thc Ptopeny imm�atrty before tf�e t3lcin�is rquai to or grrater than the amonnt of the aur�.s ��=s-
<br /> --— secured by this Securiiy hudument immediatei�before the talciag,unless Barta��er and tendcr othrrwise aFcee in writirtg. _ �
<br /> �, tt�e sums secutrd by this Security 1n.atrument shall be reduced by the amount of the pTUeeed.multiplied by the faltowing �°?.„"s�.�_----
<br /> �—' fraction: ta)the tot�l amount of the sum.xectsnad immediatety befam t8e taking.divided by lb�the fair maricet value o�tLe `"'� �
<br /> � _ i�im�tiatet befere ti�ta ' baiarsce shall Im ' tu 8curnv►er: M tt�ev�t of a ' - ' �of the - --"� -_
<br /> e pa�tea�sal�t�.
<br /> _ - — -- Propeay in wli�eh the tais ma�kee v�of t�he Propeity immediately before d�e taldng is icss tl�ac►the amount of tA�suma --'�" _
<br /> serured immediatel}befa+e ihe�alcing.unless Bomoµ•er avd Le�der-othcnvise agree in writing or untesy applicabte law :�;
<br />' oti�ise provides,the praceeds s1�11 be applied to the sum.c secuied b}this Seruriry.instrument.w hether or not the wms are _,_..�;_..,..._i�'�,,„
<br />. ' tt�tn due _ "'i�''�:�,--
<br /> � if the Ropert}is ab�adcxied b}8anower.or if.after�atice by Le�nder to 8aro»er that the crnMemaor offers to make i.:���X
<br />.. ;''" . . aa award os setctt a cL3im for d�.Borma�ec faih to mspond to Lender within 3t1 days after the date d�e notice u giL�. = x'.. -,.�_.^-�__—
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<br /> w= l.ender is authoriud to rnllert nnd appiy the prnceeds.ai its o{xion.either to restcxation a repair of the Prnperty or ta the .__ ' -.;_:at.'�.�y."�"
<br /> - ��`" sum.t secured by this Security Tnstcumem.whether ar not then due. ` �i -''r�
<br /> :,' Uetess E.en�der and.sarrower othenvise agmc in writins.aw}.appUcation of pmceeds to princiga!shall no�extend or . • �. ��ir'�� �� -
<br /> �� postpor�e the due du�of tt�e maRthty paymerts refetred ta in paragiaphs 1 und 2 or change the amount af such paymertts. �-• ;-_x•�:����,:
<br /> {�-:. . 11, Bumuwer Not Rekased; �orbaraQ+oe By Ixn4er Not a Wal�er. Extension of the time for PaYmeat or ..':'�::.�.�s-
<br />� - 3 � mod"ifiradam of amonization of tlie sums secure�£iry this Secud[y Jnetmmeat grancecE by i.ender to any success(+r•in irttetest - -
<br /> Y'�- of Bamwer shall�to�oper�te to re[ease it�e liability of the ad�{nal Bor�ower or Borrowe�'s successors in intetesl:.Gender .}"��'
<br /> � .;_, : � st�E!•na be reyuired to com�pr+oceedings agumst aziy�iessof in interesc or refuse to exteM time for pay.tircat or _
<br /> otAerwise madify amort'vaaon oft�sums secured by this Sea�irify la+uumene by reasun of any demand made by the ari�rinal -
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<br />�. Bo�rower ar Bormwes�saccessus's in interese. Aay for6earance by i.emia;i�eae�isia�any dght ar remedy shalt na be a .,.
<br /> � waivet of ar preclude dre ei�ec�es�:of airy•right or rcmedy. - ' �`�`: �!_'
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<br /> .. 12. St�ocessocs�A.si�Bo�nd;�uint and Several Liability;i,..�ners. The.covcaant,and agree�nants of this ., _
<br /> • Sccuaty lnytnunent sha�t birrd aECif�benefit the successo�s and assigns of L "trttei and Baiiuwer,subject to the pravis�ons of. -, __-
<br /> � .`�c }`�� �� paragraph �7. Bortowers cmemaas and agreements shall be joint and several.Any�Bat�awer who co-signs this Security ' ���:��:
<br /> ' � �'�� � .��' lnswment but due�not execu�tfie Note: (a)is co-�igning this Security lnstnimen!onty tc'r moctgage,g�ant and convey thai r-
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<br /> Bortuwer's inte�st ic�t�se Propect}•under the ternts of this S�curity tactrument:.(b)is not per.wnaliy obTt�ated to pay the sums � °'` �
<br /> � , .,•:��_�`', secured by this S�instru�en�;and 1.)ap�s thai l.ender and any other Borrower may agee to eaitend,modify.forbear :� �".�`
<br />� . _ _ . � . ar make any acce�datiosts Kith cegartt ta�t�:tertns of this Security Instsument ar the Note wittiuut:that Boaawet's �t, _ '�'�'�
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<br /> 13. Loan Charges. If she t�s se�.�i by this Security Insuument is subject to a law which uts maximum loan �-, • � . t
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<br />`'' '� _:�==----'-,,._ "' ' . charges.and that Iav�i�.ft�xilly imespceted sa�c ihe interest ar other toan chargeti collected or ta be colterted in cau�ection • .�• i�'��_
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<br />��`' '��.5j � , with the toan exceeii tha permi�ted limits.tTien: ra)any such taan charge sliutE.6e reduced by the amonrtisfsaces.sary to c�educe `����
<br /> � �°`' � :. ' the charge to ti*.e p�:-r.rimitced limi�and(b)a:s�sarns ulready collea-ted from�arrf:;wer whicb exceeded pemiitted limie�will be • " '"��`�=
<br /> '���`��'� �-"-•�" refunded ta Ba�m�►er_.i.ersdec m�v�,r'�o+�e ta r.s:�ke this nfund by redu�ting��rincipal owed under the Note or by making a �i • • .���_��
<br /> � ` ��`-''�'�� � ' direct payment to Bortower. [fa:`r�'a��"c�-��principal,thereductian wili be treated��a paniat prepayment withoutany �� � � °
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<br />. ' '.'.tr.';.;,-. prepaymentchargeimdecthehat� � � '.��� :-. � � .�.. .� � � �. . � -
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<br /> ' . 14. Notices. �l.�y'notice to�or-c.�r�n�E�ided far in thiti Sccurity Inrtrument shal{[i�given by delivering it or by �� . :
<br /> ' mailing it by tirst ctatis mail unte�s uppticat?�;'a�reu,uir�s use of another metGad.The notice shall be dimcted to th�Ptoperty �, • ,
<br /> ` ��• ,' � • Address or any othet addrr��Borrower desigic:t�:fiy notice to l.ender. Any natice to Lender shall�6egi�en by fir;t clasc . �
<br /> � . . ,;,;�'.,' • mail to l.ender:s addretis��tated herein ar:u�y ather addres.r l.ender designates by notice to Bortuwer. Any Ratice provided fat I� . • , _
<br /> _" ., in this Sccurity lnstrument tihali be dcemed to havc Ixcn giti•en to Bonowcr or Lendcr when given ay pro�ided in thiti �
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<br />, .' �; w;�•;',, 15. Governing Law;Severnbility. This Security Imtr6ment sh�ll be govemed by federal law and ihu law of the �
<br /> '`����� � judsdiction in wh�clrshe Pr�peny is Ic�cated. In the event ihal:ury pravitiian�vr clause of'this 5erurity Intitrumont ar ihe Note �� -
<br /> ,''`•'��. �:,�.;�` . � wnilicts with appCv,::,:��f�law,tiuch conflict tihall not affec�ather pmvision�cf e�'�i.r•Serurity lnstrument or thu Note which can • :"�!' '
<br />� . �•�r;� 'r=` � ' 6e given effect wiCi�aat the conf�icting pravi.rian. ,Ti�thi.end tite provi+iu;t of thi.Security In�trument and thu Note arr ::�`.�
<br /> '�, �`�'� • ' declared to be xeverable. � � `, , .•
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<br /> � '� '1.'..�.,r;`,_,%.i;+;•.' 16. Borrower's Cupy. $c��4����ertihaQ be given o�e.a�r1;:�:�ed capy ar:zs�Note an�f,ut tbis 5ecurity lnstn:mont.� , �i. .".�i•;���
<br /> ` ..';; ,.!;,,,'tc�;,;;1;;,,;,,;f 17. Tr�nsfer of the f'rupert��cie a BeRet'r�llatere�c inlBorrow�er. [t�i:or any�asz't�t thc Propeny ar any interest in, + '.� � , �
<br /> - c '��'�:�'�lry�s�-'s,^:�: it is sald ar transferred(or if a txnc�cial ir.,tr^�i:r�c�mc=:�-ix.rold or.ir��¢emd�nd Borrower is rwe a natur.+6�per.�sn>� . �I ' , • �
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<br /> :;�.� ;r�•?;s.yj,�r�;;;j��ytr ' withaut 4enderw priar written canxent.L.e^��,.r.-c:;,;�t�i�.'�;�..an.reyuire"sr_-r:ediate payment in fult ofalknumH secut�d bq• • ' � , .'�„�.. �
<br /> �.i� �lsr+,�� t:� . thia Seeurity Insirument. However,thiti��ptiaa'��.�t�n�st t�e e��_::i�ed by l.endes if exercitie ic prohibited b,�fedoral!�w ac o..� �; ,
<br /> ''.i i<<�;�.;:: � ihe i�.r�of'thix Security lnstrum�.e. . `� � ;;,.�, , t' • .
<br /> =' '��''t= `I:f Gender ezerci�es thit o��;���.Lender�hall give Borrc:��:nutice ot acceleratian. T.[:c no�ice!�hall provido�a p�.�riad.'��6� �� ,
<br /> °� , .. na tess�han 3[1 days irom the c�`�:the noticc is dclivrred ur m�iited within�tii�.;ch Noirawer mu�t pay.iil tiam!.secuncd by�t�i���
<br /> ` � • 5ecurity Instrum��rt.. If Borrawcr failr ta pay �heur tium�. p�ior to�hc cxrirs�ion oi�hi�peri��d. Lrndctt msry inv��k�any,� � ,
<br /> - .., remedies permittel U� �izi�Sccurity In�irument without furthcr nrnice or dem�:i on Horruwcr. ' � •
<br /> • � . • 18. Bor�ower's�ti�h! to Reinwtate. If H��rruwrr nuct. rrrtain«inc;uony. Haa��wcr�h.d! havc thu right��to•hnvc� • !
<br /> , cnforccmcm of thia 5rcttrity(n�trumcnl diticantinu�d at an)•limr pri�+r tu the carlirr�►f: I:i)S day�lur.uch othur puriud u� �
<br /> . , Sing�c t'.omty..tvnnir�t8e.'YreQQie�irc I�1Y11R�31�ti7'RU�1k�"I'.�t'nrturm Cu�cnant. 4.i111 qer,.�.J�96 peteu �
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