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<br /> ��cxulenuuticx�or oti�er ts�l,iuY uf w►y p:ui uf thc E'ro;xny,rr fu�r��+�vc}�a�xc in tieu of ca�Jtr�uwtion,:►m hartby acsirixc!wk! �_-
<br /> shall he paid to Lendcc. ��� ��II lx a lied to thc �umc �rcurrJ by thi� Stcurity.
<br /> 1� :�� Gt'�;15 :f!! !tK!!! t+�kino ��f thC P1'Ol1Cf1V, t� P� ��
<br /> In�trument,whethcr o�nut thcn duc,w•ith;��y excc��paid ti�Bum�w•cr. ln ti�c ecent ui a����iai iuwi7b Of:��°�r;�':-!Y in
<br /> whKii d�S'air�3iarS:�t�•a{ue of ttu!'rupeny imn�.'di:�tciy t+efurc tli:tul:inF i�eyoal ta�N grc:►ter dw� thc anwunt uf the+uni�
<br /> r,ec;urec!�y this Sccu�ity kiswment immed�ately t+ef�xe titz tal,ing.uok�� Bottc�wer ;uxi Lencier otnrrw�.r a}tr��in µn=�nF� �_
<br /> thw�ums steured by lhi.Securiry In�tru�ntni sh�fi be rr�iuce�f hy th►�nuwn�uf the pmceal.uiuitipliad b} ihe fc�Jluwing r -
<br /> tiraction: (ul the total amcwnt af the+uau se.curcd ininuYiiuely betore t�e taiing.diviu�-�i l,y�b)i w 4'ai; :narl:et value�•f tl� -
<br /> pr��e�iy �;,ynkciiztrly befcxe the tal:in�. Any iwl�ue ahall be �nid to BarruH•er. In the cvcnt�f a p:►rtial t:tking uf the —
<br /> Property in which the fair mari:et value of the Propctty immediately befare thc I'r1:inB is(cs�1h:ui tiu a���ount of t:k .un�z _
<br /> secured imnuiliate{y b.fore th�talcing, unles� B�xrower wul Lender other►cise uFrce in writing or unlesx applicab{e law R_
<br /> ott�erwose ptovides.the proceeds shall be a{�plied to the sums secured by this Security Insuument whether ar nut tl�e aums are,
<br /> then due.
<br /> If the Nvpeny is abaiu�oned by Botrow'er.or if,after notice by Lender to Bcurower ttut the condemnos'offe�to �e
<br /> an award or settle a daim for dnmages,Borrower fails w re�pond to Lcndcr within 30 days aftcr the date the not�e�go�
<br /> {•ender is authorized to collect and apply the procecd�, at its op�ion.either ta restoration or repair af the Prope y
<br /> swn;secured by this Security Insuununt,whe:he�or noc ii�en due.
<br /> Unteas Lender and Barou•er otherwise agree in writing, anY �PPlication of pra:eed�to principat sh�ll nnt extend or
<br /> po;tpone the due date of the monthfy payments referred co in pai'agraphs l unc12 or change the a�nount of such payments•
<br /> il, gorrower Not iteteaud; Rorbe�'auoe BY �.end�� �°� A �Yaiver. Extensio� of chc ume for paymcot or
<br /> modification of amortization of the�ums�a,rek�brvthf t��Qi�s�B�µes��te��er�suc essors n�tnterest Lender
<br /> o*�orruwer siwi� uua��,�..«... .........,�.. ...- °°--•-, -
<br /> shall nat be required to commenee ptoceeding� against any successor in intereu or refuse to extenG cime ior paymrui ui
<br /> o�}��v�se modify amortization of the sums secured by this Security lnstwnent by re�n of any den�►and mad�'by the original
<br /> Borrower or Bamwer's successors in interest. Any forbearance by Lender in execcising any right ar re.ntedy shall not be a
<br /> waiver of or p�rclude the exercise of any right or remcdy.
<br /> i�. Stuti�es�w��;id A�:s 9a:::��:�1il1 9Ili�SCYl1'AI I.laf1{I��Y:Co-siRotrs. 'il�e covenants and agrcemenu of ttus
<br /> Security icutrument shaU bind�nd benefit the successors and ascigns of Leuder and Borrower,subject to the provisi�+vi'
<br /> paragraph 17, Botrower's covenants and agreemenu shall be joint and several.Any Borrower s�co-sign�sa�Sec�
<br /> Inslrument but does nct execute the Note: (a)is co-signing this Securiry instrument onl to mott e,gran Y
<br /> Borrawer�s interest in the Property under the tetms of this Security Instrument; (b)is not personal�y obl�Saud to pay the sums
<br /> se�:ured by this Security Insuument;and(c)agrees that Lender and any ocher Borrawer may:.gm.e to extend.moQify.forbear
<br /> � or make any accommodations with regard to the terms of this Secusity Instrument or the Nute withotu that Borrower's
<br /> consent.
<br /> 13. Lo�n Ch�'8es. If the �°an se�w� by this Securiry instrument is su�iject to a law which ssts muximum
<br /> charges,and thst law is fic�ly interpreted so that the interest or other loan charges collected or to be collecud in cau�cetion
<br /> with the lnun e�eeed the pennitted limits,then: (a)any such loan charge shall be r�.,ed by the unount necess.uy to reduce
<br /> the charge ta the pemutted limir,and(bl aay swns ulready collceted fran So�rawe�w�ich exoeededpermittcd limits will be
<br /> refunded to Ba�rower. Lendes may choose to make this refund by reducing the Principal owed underthe N ��bwithout agna
<br /> direct payment to Bc�rrower. If a refund reduces principal,the tedtution will be treated as a p,vtial pcepaY Y
<br /> . pc�epayment charge under tLe 1\ote.
<br /> la. Notites. r�ny notw.'e to Borrower provided for in this Security Insirument.shal! be 8��dbiectnd[n�the�LProoaty
<br /> - - -m�i4enb it by first ctass msnl unless appticaDta iaw roq►mes use o�;���,a,w.r�:.w.�. ••-^ -»--�-� _-
<br /> Address a sny other address Borrower designates by �otice to l.ender. Any notia to Lr��i s+'tall b:,givta by ferst class
<br /> �il te.i.e�xier�s address stated hecein or any other addeess 7..ende�designates by notice to Br.srower. Any notice provided for
<br /> �n w�s Securiry Inswment sh�11 b�deemed to have been given to Borrower or L�nder When given as W'ovided in ihi,s
<br /> �1�5,�Goverdsg I.aw; Severability. This Socwity Instrument shall be govemed by federal law u�d tha law of the
<br /> jurisdictioa in which the PropertY is located- In the event that any pcovision or clause of this Seeurity IInsuwoent or the Note
<br /> coc►fliets with applieable law,sueh conflict shall not affeet other pro�isioac of this Security Itutriurxnt or the Note which ean
<br /> be given effat without the ca�tlicting ycovisiou. 'Ib this end the Psvvisions of this Secur.ty Insuuinent and the Note ue
<br /> de,,lared w be severable.
<br /> 16. Borrowu's Cop�. Borrower shall be given one conformed copy of the I`ooe and af this Security Inst�wnent.
<br /> 17. 7lransrer ot tbe Pfroperty or a Beneficial Int�ta Borrower. If all or arsy pari of the Propesry or aay inur�st in
<br /> it is sc�W or trsnsfetred(or if a beneficial intcrest in Borrower is sold or transf�rred and Botrow+er is not a n�tural perso�)
<br /> v.�iiinx��i.u..',zr��:ior+:�titt_a c�s••+_r,t r+xkr may,at its qxion.roRuire immediatc payment in full of al!sums socured by -
<br /> this Sccur:ty Instrument l�owever,this option st�a!1 not be exercised by Leader if ezercise u praisibited by fedecai iaw�a:
<br /> tbe date of c2sis Securiry Instrumcnt.
<br /> If Lender exercises this option,I.ender sital�give Borruwer notice of acceler.ucon. 'ilx notice sha11 provide a period of
<br /> ���Cy 3p days from t�e dat�the aotice is delivered or mailed within which Barowcr must pay all sums sccwed by this
<br /> Security L�suumer►t. If Borrower fails oo pay these sums prior tn d�e expiration of this period,Lende*may �nvdce any
<br /> remedies petmittal by this Security Utseument without furtt�er notice or demand on Botrower.
<br /> • IS. Borrowrr's Right to Reinstate. If Borro�*'er metts ceAtin conditions, Bomower sFs�ll have the right to t�ve
<br /> ��,�o�����,����ntinued at any time prior to the earlier of: (a)S days(oa such other period as
<br /> gin�le�nily-Fauie MadFtrddk Mac U1V�FUItM WS7'RU1:�,�T-Unifom�Covnunts 9/90 IP�Be 4 nfb pag�s)
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