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<br /> . �pat at ather alamig of sn�p�cc of th,e Pmpetty.or fa canveyanca.in lieu of ca�demoattio�.a�e 1�en�bY ass�8�+�.� , .
<br /> siW�be ` wt.ender. , Y v1l.q
<br /> � __ _ �_.�s..__._.-- --�---- - • - ` •-i��t±e�.�lie�ta_th�s�.sav��_� � - -- ---,--__ —_
<br /> _ ... ._-.,—.7 . _. _ �.�._
<br /> ` � ` in.stcuaient�whetlper or not�isat du�arith anY exass paid ta Barower Tn the event of a pastiat takmg o�:1° �
<br /> - -----whicU tl�e fafr tnuicet vaiue bf�FropErcy imrt�u�g�ef��������tbate sheamaunt Qf ttie�ns _ _
<br /> sec�rred tiy this�ecudt�r[n.mumenc i�nmediately Defa+e the r+idng.untess Borruwer and!ertder otherwise agtre in writitig.
<br /> thc swns secu�ed by this SacaritY Inswment sBaU 6e reduad by the amouat of the pooeeds multiptied by tlse followiag
<br /> • Cracoion: (a}the totai amo�m�af thc snms sec�urd�ediatety tKfoce[be t�(cing.divided bg(b)d�e f�ir madca value of the
<br /> ptvpenp!mroediately lxfac the taidng. Ang baluke shaU be paid to Rarowu. In the evrnt af a partiaf[aitiug of dtc
<br /> pmpecty�a wfiich the tair market valuc of the Prope�ty immcdiately befo�e tt�e taicing is kss th�the amount of the snms
<br /> secured�mmediatety befoae the taking.untess Bonower and L;ender wherwise ag�ee�in writiag or untess applicable Yarx
<br /> � athawise provides.tbe proeesds sball be applied to the sums secuced by this Security tnsuument whether or nw d�c sams are
<br /> - tUen due.
<br /> , � If the-property is a6a�aned by Boaower,or if.afta'notice 6y Lender to Bamwer that t6e candemna offcrs to make
<br /> ' ' , azt award or sarle a ciaim for damages.Bamwer ftits w iespand to Lender within 30 days after the date the notice is given.
<br /> Lender is aat2�orized to ca((ect and appty the procceds.ai its op6on.either w te.�ta�ation a c+epair af the P�operty ar co the
<br /> . s�s sauned by this Seeuaiit�Instrumen�wltether ar�t then due.
<br /> � . Unkss Lender a�&xsawer aahervaise agnoe in wEitinS,a�►Y applicaaon of p�oceeds ta principal stwll not eatead ar
<br />__ . postpixie t6e due date of tt�e enonthi9 PaYme�s refert+ed a+in paragrapl�.s l and 2 orchange the ae�ount of such payments.
<br /> �y g���Na:�: F�be�raece B� Ttkader Nat a Watver. Extansion of tt�e time for p�yment or
<br /> ' modificariaa ef amatizatian of,(he sums secured by this Securiry Insmiment granted tiy Leoder to any successor in intenst
<br /> :__ - o�g��s�t not aperate to retease the titilfilit}r of the original Bortpwer or Borrowec's successe�rs in interest.Lendec
<br /> shall nat be iequiced'to eam►nence pcoeeed'inSs againn an9 sueeessor in ime�est or refuse to extead time for payment or
<br /> °- '�erwise madify anwrti�on of the sums.secured Isy this Socuri�Y In�u�e�t by�of any demand made by the original .
<br /> ;,: ° Bor+jnwer or$ot�wer's s�ocessocs in interest. Any fo�beatance by I.ender in exeirising at►y right�r remedy shali not be a
<br />_- . waicer of cx p[eclude the exeneise of any right or remedy. '�cocenants and agreerttents of this
<br />_' 1Z Ss�aeesso�s�d Assi�Bound.Jdnt aad Serrral Lblbifity:Ca�aers.
<br /> Secuiiry�ta�ument shall bind and benefit the successors and aSSiSns af Lender and Borrower.s�ubject to the provisions of _
<br /> :.,paragraph �•7 8omower's cavenants and agreements shall be joint and,several.Any Bo�rower who co-sipu this Securit} -..
<br /> • �nstrument but daes not execute the Note: (a)is co-a�igrting this Secnriry Insuument only w moitgaSe.Sr�nt and caavey that �. -:
<br /> r under the temu of this Security lnstmmerrt: (b)is not persomelly obligated to pay the siFms :�-�
<br /> Borrowec'sistterest in the YrapertY --
<br /> secured 6u�Tiis Secur�'�men�sind t�)�s that Lender and any other Bo�rower may�to extend.modify farbear =`.�__��
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<br /> ' ��4 ' or,maice�.accommadations witb regard to the tenns of this Secunty lnsmimem or the Note withoat that Barrower's ' _
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<br /> � '- ....�. consenx:�° .. . .. --_
<br /> � � "' t3: i.u�e Cfi�r�s: .�f tise toats securec! by ttvs Secarity-tn�trumentis sub�ect_to a law which_se�S maxi»ium toan ,,�• _ _- -
<br /> r chazges,ai�t5at 1aw is�tly intespreted so that the interest ar othes taan charges collected ar to be coitected in coni�eciion �::__
<br /> '�?� with the loa�exceed d�e�ermitted limits,then: (a)any such loan charge shaU be reduced by the amount necessary to reduce �-����_
<br /> ��''� F� the charge¢o"the permitted limit;and(b)any sums already coltected from Borrower whicb eaceeded pe►mitted limits will be ���.�.��_
<br /> �--=--
<br /> � �; � � r�funded t��urrower. Lender may choase to m a ke t h is re fun d by ce d ucin g Ihe princi p a i owed under thc Note or by making a. _^°J�A s
<br /> .. , �. direct pay�n�nt.so Boaower. If a refuncb sedt+ce_c principal.the reductian will be treated as a partial prepayment without any �:.� `.k
<br /> .' prepayment charge under the Note. �, r'�;�•'
<br /> - . �� 14. Notiees. An;� notiee to Bonowr:-procidect for in this Security Instrument shall be given by delivering it or by :,�.,' ,� �.`i
<br /> '"�� mailing it lsy fiist clas�rn�v'P unless applicab7r.law requires use of anothet methad.The notice shaU be direceed to the Property ::;;
<br /> � j..; E Address as am other adctres:s Borrower designaies Iry aotice to l.ender. Any notice�to l.ender shall be given by Prst c1ASS � ;,,. :.;:
<br /> _ . � mail to I.en�r's address stated herein ar any other address l.ender designates by notice ta Barrower. Any notice provided for .,� , .'•,�.=
<br /> �•°-�'�:� . .� t in this Ser.uriry In�tcument shall be deemed to havc been given ta Borrower ar Lender when given a4 pravided in this ••., _����F::
<br /> ,'; �.; �j � ph. • , • ,.;.-.
<br /> ��1�. ts'overning Ls�; Severability. This Security instrument shall be govemcd by federal law and the law af the .�� •�� �
<br /> •�`� jurisdiction in which t�e Py'aperty is�acated. In the event that Any pravision ar clausc of this Serurity Instcumenl or the Note ���� �_=;:. �
<br /> • � _
<br /> �'I' canflic�c.�sth applica�ie i�u.such conflict ShaU not affect other proti i�i�nc of this Security lnstrumeat or thr Nate which ean =
<br /> ` �`' �;' 6c given�!��ect wuhout th��onflictine provisian. To this end th$p�ori:ions af thi.r Sccurity Instrument and the Notc are � ' ,�_'
<br /> '��`= declared s�:�c 5evcrable_ "".', ' _
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<br /> :#f� . 16. Bon'ower's Copy. Borrower tihall be giti en one canformed r:�py of th:�a�_a:�d c�f t��ti Security lnstrumenl. �.r
<br />. ,� ' l7. 7lranstee of tise Properly or a Be�et7ciaE B�tsrest in Borrower. If ai9�!any pan of the Prupercy or any interest in • �<� ' �i�-�-
<br /> � _., '--
<br /> it is solA ar transferred S�or if a t►eneficial ineere�t 5r�arrower is.ald ar tran�fecrcd and Borrc+wer is nat a naturAi person) ,s "- i�,,,.;
<br />;:: �, without l.eader's prior written coasent.Lender may.at its optio�s.reyuir�immediate payment in full of all sums secured b� t ` �:• , .,.4-
<br /> •. 'r � this Sece�.--L�lnstrumen[. However.this c�ption�ehall not he exer:��c.0 by Lendec ii exercise is pmhibited bY Pederal law as rti _
<br /> �,: the date c���5?iv Security InStrt�mcnt. . �. " . -�---
<br /> � lf Len�er exercisef c;:i�oplipn,lxnder shall give Bonawer x�ce of acccleration. The natice shall pravide a period cy� � �_�;,_
<br /> -�°� �;�-
<br /> ' _ �_.'' • not less than 30 days frotr,.i`�;date Ihe notirc is deliveted or mailed�vithin which B�+rrowcr must p:ry all tumti recured by this =� .� , . _
<br /> � �ti�� SeCUriry ]nstrument. li Borrawer iail�to p�y these sum�priur to thc cxpirarion ot thi�periad. Lcndcr may invoke any
<br /> •K�:...� ' .
<br /> ;� remedies rermitted by this Security In�trumem withaut further natice nr demand on Barrower. , .
<br /> �w--����. ,,
<br /> �'- ,,� , ;8C B�'rower's Right!o lteinstate. lf 6orro�vcr mret� ceaain condition�. Barn�wer�hall have the right ta ha�e I
<br /> ��
<br /> • cnforrars�:t of this Security Instrumrat discantinucd at.my time prior ta the carlier of: la►3 day�tor�uch other periad:�� � , ,.+;;,.,,;
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