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<br /> : ` g y� oi fa��vnve in lieu of coademn�t a,are�hecc6y�ssigned aQd
<br /> �:
<br /> -, �ar�ther takin af an oi the Property. ; Y� . , .
<br /> - sh�U 6e p�id w[.ender:; � ` � shatt be a lied to the smns sccu�ed by tltis Seeure�y� .
<br /> In the event of.�total crlcing�of the'Pi'aPertS'• pm�eds' FP
<br /> I�strtnnait..�uAether or not tt�:6ue.with atry ez�-�ss paid io�arrowpi tn the eve�af a p�tsal t�Icing af the Pcoperty in
<br /> which ttk tair m�rtcet va{ue of ihc Ptoperty immedi�tcly heforz the tatcfng is eyual to or greater tf�an tTte smouat oi`the sumc .
<br /> secured by this Sdeurity In.strumet�t immed'eately befoce the taking,un[e�BoRO�ser and Leader aMrwise agree in wri[i�g.
<br /> the sums secuted by this Sectuity In.�rt►ment sh�l�be�edu:ed 6y the amwnt of the Pt�a�eds multiplied by the foitowirrg
<br /> :_ �ti�:�(a�thc tuta!amaup oi the�ums sesured imtttediate[y befone the talcing.divided 6y(61 thc fair m�rket wslue of the -
<br /> - Fmperty immedi�tty hefote the takulg: Any 6atance shalt be p�id to Sormwcr. In[he r�rat�f�i►����S of the
<br /> p�aperty m which the fair market valut af[he Ptopeny inunediately befo�e�he taF+ne is tess tt�an the art�uunt of We sums
<br /> secured immediatcly befo�thc taking.ual�ess Sortower and 1�endec�°►hecv�`�se a� ���&or unless appl'�cable law
<br />_- q1�w�u provides,the procceds shall be applied to tpt sums secured by tbis Security Insuument whethcr or not the sums are
<br /> tlxn dur. .
<br /> Ig tGe prop�tty,is ab�andoned by$oaor�ver or if,after nwiee by t.ender to Borr�ower th�the ca►demnor offets to maice
<br /> - an awaril or seuk a claim far damages.Borrow•er fails tu respond ro Lender witdin 3fT days after the date the notice is giveo.
<br />__-_= l,ender is autfiorized to co►tece and appty d�c pm�ecds.aE its opdon.either to�sto�atian or rcpai�of the P�operty er to the�
<br /> - ���1 by this Security/astcumen�.whether or not then due.
<br />- - V����r�go�ov��e��I�vise agree in writing.an�•applicatiwt af pcoceedc to principnl shall not cxtend or..
<br /> pastpajc.the due date of tlie monihIY PaYme�ts refemd to in�P,rrPhs 1 and 2 or change the atnoum of such payments.
<br /> l�, g�K Nat geka�d; Forbwr�pce B� Lende� Not A Waiver. Extension of the time for payment ar __
<br />� modifiration of amoRimtion af the sums secucpd by this Security Insuumene granted by i.ender to any saccessor m�aterest
<br />� of Borsowcr shall nat crperate to nefea.5e tl�e lia6iliry of the oribrinal Borrowe�ar Borrowerti successors in intenst.Lender
<br /> . shall not be tequind to commence proceedings�gaia5t anY Successor in interest or�fuse to extend time for paymenc or �
<br /> otherwise modify amaetizatia►of thesums secured by ihis Secariry Instnunent by reasan of any demand ma�le by the original , -- _----
<br /> Baaa�wer or Bottn�vec'.s successors in interest. Amr forbearar�e bY L.eoder io exercising any cight or remed�shaU not 6e a —___
<br /> ' ` waiver of or preclude the exercise of�►y right or remedy. _�__
<br /> 1L SuaYSSars asd Assi�as Boaud.Jdat aed 5eve�ai leahility:�• '{7�e covenants aod ag�eements of this _.—_ ---
<br /> � '�%' Secu' iasw�nent shall bind and beaefit the successa�and assigns of Leader and Borrower.subject ta the prav4sions of� ���
<br /> � ' para�"I7.Botcower's covenants and agreemen�c shal}be joint an�l several.Any Borrower who ca-signs this SeCurity Fp���,
<br /> =- - � �s�urt�tt}ut das ttoe execute the Note: (a)is co-sig�tic�g ihls.Se��_lnstn�ment only to mortgage.Srant and convey that: �` �' -
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<br /> ;, Bocrower's interest in the-Praperty under the terms of this Security liuuvme�t: [b)is nat pe�anally obiigated ta pay the sum+ ;F.::_,.:i,
<br />• - secure�t by this Securit�r Instrument;and(c)agrees that I.ender and any olher Borrower may agree to extend.modify,forbear :_°��:_
<br /> " ;r,�,. - = or make any accommodatians with regard to ihe tecros of thi� Security Iacaument or the Note without that Boaower's <�:;�;�_, ,_
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<br /> ;�.�,; 13 l.oao Chs�rqes. If the loan secured by thi+ Security lnsuument is spbject ta a iaw whicb sets maximum tean - � r�
<br /> - charges.and that taw ts finaity interpreted so that the interest or other toan chargts eollected or to be colteeted in connection �-�,�__=
<br /> • ��' ' ' with the taan eacee��iliepennitted limits.then: tA)any such loan charge stu�U be reduced by the s�mount necessary to reduce --:�s=:
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<br /> ;; - the charge to the p�er,�trsd limit;and(b)any�umc already coltected from Boimwes which exceeded permitted limits will be .''�,:: .,
<br /> _ . . �fW��g�>,;�;,���y choasc to make this ret'und by reducing the principal owed under the Note or by making a �;:�`rT�.
<br /> �. :, d��ecr-pa��:�;o Bo�wer. If u refund reduces principal,�he reduction will be aeated a.ti a partial prepayment withaut�ny• �.����_ ,,^ ..
<br /> - ��_ti:,•:� P�►STUe�d�ger.:,,�rlrrtheNote . ' :=~i�`� -
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<br /> � ",�c��,. l.'�, !Kr�p,s. .;*�� notice to Banowes pravided for in thiti Security Inctrument shall be given hy delivering it or B,�
<br /> --ti : '�� � mailin�it by first ct�.ss n�ail unle:+s applicabte law requires u�e af another method.The notice shall be directed to the Propecty _
<br /> �-�"�� Address or any other a�ddress Borcowec de.r•ign:+tes by natice to I.ender. Any notirc ta Ixnder shall be;qioen�y fir�t ctass . _
<br /> ' `'���' ��� 'V� mail to Lcrnder's addrets stated herein or:�ny other addre�ti Lcnder deyignatrs by rtatire to Borrower. Any notice provided for
<br /> ' 4 '3'�;?�' .
<br /> , in this Security lnstrument shal! (x deemed[o have been given ta Barrower or l.ender when given a�provided in this
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<br />� ,�"�' � P gt5 Governing l.aw;Sever7�bility. 71iis Security Instrument shall be govemed by federal law and the!aw of the . , .
<br /> � � �'' jurisdiccian in which she Property is facated. 1rt ti?e event that any pravirion ar clause nf Ihis Secupty Instrc�nent or the Nate
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<br /> ° � i �;,,;; conflict:t with appt:c:E�]aw,such canflict shall:+��k�ffect ather provitiions of this Security lnurument or rIx tiote which can -
<br /> a•.r be gie�s effect wc;�a•.:c.the canflicting pravitiion. To thi�end[he pravistaati aC chiy Securiry tnstn►mevt zni the Note are ��.
<br />' '• � "��f`''f� deciar�tu be xevesabte: �
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<br /> `��'�'` � 16,, �orsowee'sCopy. Borrower�hall be given ane conforr.�.i copy of the 1Vate anda£tf:is Security Instrument. '��-�'�__
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<br /> ;•= ' !r, '�'ransfer of ihe Property ur a BeoeQcial Interest in�orrower. lf all ar any pan of thc Property or any interest in ''�
<br /> � it is sold nr trantiferred(or if a benefccial intere�t in 8orrower is sold nr transferted and Bocrawer is no�u natural personl . _
<br /> ; withoc�.t l.ender's prior written consenl.l.endcr may.at itti opiian,rcyuirc immedi:�tc paymcn�in fup af ull sums secured by • . __
<br /> . � � � •. thi4 Ser'.�ty Instrument. Hc�wever,this option sh:�ll nat he exercised by Lender,if exerci,e i�prahibited by federal law av af .
<br /> ���`�, theda:e o�thiti Security Mstrument. .
<br /> �'�'� • fF Lender exercise�this aptian:�.ender.rhall give Borrnwet nt�tice of acrelerutiun. TFte�tice shall pmvide a peri�d of
<br /> '�� � •
<br /> not les^a t6an 30 days fram thc date the noticc is deli�•eted or i:t::SS�i within which Bum���•er esiatil pay ull sum�sccuced hy this
<br />- • -s`. Security Instrument.� 3f Hortowcr fuilz tu pay �f��^.� �«:���rior tn�he cxpir��c:pn of thi� periad,Lender may invoke uny
<br /> '•, ��.�^ . remedies mtitted b s.his Securit Instrumcnt w e�ra.:i f�nher noticc or demarS Rz Huno�►�cr.
<br /> !'��-:••' '��.�;.� • !8. $�oerower's Right to Reinstate. If Bo:rc�wcr n:cc-t.certuin cn:�:��icr�s. B�►rrvwM shall hwi�C3C Tlslll t0 IIaYC '-- �
<br />�'', "'�';�:. ' `}'�.�, enforce�rznt nf this Sccurity In�trument ditcantinued at anS tin,:p:iai t��Ifu cariier of (a►�day�Inr u:cir uther perickf ati , �. ' �
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