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<br /> � cmdemn�tbn 9r adrr rai�iea af�ey p�t of d�e PtopettY•o�fat conveyape ip liGU of ca�dem�atiae.ane i�by assi=eod and. �
<br /> :s6a116e psld tnl:e�rier. .: � . = ` . . � '� .
<br /> .. - fn dtie ereac of a tat�t talciag of the`PmpertY.ttic proceeds shal!be applied to the sunis �ecu�ai by this Security" �
<br /> --_ -- - -.__ . .�. _ .� � ---- -
<br /> -• -- _ _ . — —
<br /> wtiich the f�ir roarket.vatue of the Pi+aQerty immediatety Hefore the t�lcing is equai.tu ar�eater thaa the amount of the su� ---�
<br /> secwed 1rii Wis Security l�aumeut im�rtodiatefy befune tl�e tating.unless Barsawu and l.e�der otheraise agRC in+im'�ing, , `
<br /> , ` the sams secu�ed by`this Security 6n-ttument�sfiall be.reduced 6y the amount of the p�oceeds muI(iplied by the folkwirtg
<br /> fraction: ta)the tota!.amQant of the sums seFarrd ima�ediatety 6efae Me taking.divided.by fb)the fair m�st value of fhe `
<br /> � � Pcopeity immediatety 6e�'ore the t�icing. My batance shalt be pai�ro Barowcr. Ut tAe event oF a parti�l taking of'the
<br /> � Pmperty iri which The fair maricei vatue of the Ptoperty immediatziy before tAe taking is tess th�ttie�nw�mt of the sams
<br /> sec�ned�ima�ediat�Iy befon ttee talring,�kss Borrower and l.ender othenvise agm m writing or unlrss appiicabk law
<br /> olherwise p�ovicks,the procads shali be appiied to the sums securc�by this 5ecurity[nswment�l�ether or not the s�ms are .
<br /> thendue.
<br /> � [f thr Ptoperty is aUando��ed by Borrower.or if after notice by Lender to Bonuwer Uiat the ca�demnor cffcrs ta malce t�
<br /> ' art awud or seale a cL�i�for d�mages.Bomnwer fails tn.respa�d to Lender within 3f1 days after the date the naice is givrn.
<br /> '�Lender is autLarized to cnikct and apply tue proceeds.at its optioti,either to restoration or reptir of the Ptopecty or to the.
<br /> , sums secur!ed by this Seturity instrument,wfkti�er or not tben due. ' .
<br /> Unless Lender and Botrower ott�erwise agree in wriling,any applicafion of pmceeds to principat shall not extend ar
<br /> i postpone ti�due date af the monthJy payrt�ents referred ta in paragraphs 1 and 2 or change the an�ow�t of such payments..
<br /> lt. gat'roWec Not 1�Idistd; Fafiau�oe Sp t.tAder lYot a Wsivsr., 6xieasion of ti�e time for payment or
<br /> - modificatian of amorti7atian o�the sums secuEe�by tlsis See�uity Insuument panted by Lender to_any successar in inteasl
<br /> ` of Borrower shail not e►peraate to release tbe(ia6ility of the original Borrower or Borrower3 successors in interest.l.ender
<br /> _ � shall not bc requicrd to cammeace pmceedings agaia�t.any successor in interest or iefuse ta extend 6me for payrt�ent or �
<br /> - � atxrwise modify amortiza�ion of�he sums secured b�r�tus Security instrumem hy reacon of any damand made 8X��8� , .
<br /> - Bortower a Bortower's suecessors in intec�st. My for�nce by Lender in eaet�cising any rigl►t or remedy sha1l not be a
<br /> __ - , waiver of ar preclode tbe exer�ise of any dgf�or nemedy: . � '
<br /> - 12. �cesaors a�d Assi�s Boosd:Jant aod Seceral Lia6ilitp;Co�gaera. The covenancs and agreemencs of this
<br /> -�- �. Seeuriry Instrument shall bicx3 and henefit the surcessoes.a�!assigns of Lendet and Borsower.subject to the provisions of:. " -
<br /> :`T paragraph 17. Bort+awee's• covenants and agreements shatl be jaint and several.My Borrower who eo-sipis this S�ecurity�. ��•• .� —
<br /> , Instrument but does not ezecute the Note: (a)is co-signic�g this Securiry Instrument only to mortgage:grant and caxr.rey ttrai. �. . =__ --
<br /> . 8ot[awet?c intere.0 in the Pcupesty under t1�e.terms of this Security instnirs�en� (bl is notpecsnnally.a6ligated ta pay tEe sums..,�._._.. . _�-=�-
<br /> sect�red 6y this Security instrumen�and(e)agee.�s that Lender and any other Borrower may ag�ee ta eatend:modTp.�ar6ear° - �.;y,
<br /> . or maice any accammadations witt� regac�i.to the terms of this 5ecurity Instrument or the i�iote_uithout that Bciciower's �'��-
<br /> . . conscn� � . • �.= — —
<br /> � 13. taao C6Arges. If the loan secured by thic Securiry Instrument is subject to a law which sets masinsum laan ==—
<br /> � ' �'' etiarges.and that law is finaliy intecpreted so that the interest or othes toan eharges colt��ted ar to be eollected in connection —_-_
<br /> • . wi[h the loan exceed the permitted limits,t6es (a)any such laan charge shall b�reduced by 1he amsnmt necessary to reduce . — -
<br /> ihe charge ta t6e pemiilted limi�and(b)any sums already collected fcofn Bomnwer which exceede�permitted limits wiU be
<br /> . refunded to Borrower. Lender may chaose to make this refund by reducing�e principal owed under d±e Note ar by ma�cing a �=
<br /> .direct payment to Borrower. If a refund reduces principal,the reduction will be treate�d as a partial prepayment without any �
<br /> ' ' :�: przpayment charge under the Note. . _�-`
<br /> , ' �: 14. Notfces. Any notice ta Barmwer provided for in this 5ecurity Insirument�11 be�iven iry delivering i�or by °-----�_
<br /> 1 ' mailing it by fust class mail untess applicable law requires use of another method.The rtatiee shall be dicected to tlrz Praperty ,;,,�,,.,__.y' _
<br /> ��i Addtess or any other address$orrawer dcsignatcs by natice to lxnder. Any notice to Leader Sfialt b�given by first dass -•'�:`:-°_
<br /> '.a ' "�:"fri"�,"'—
<br /> . mail tu lxader.'s address stated herein or any ather addresti I.ender design:�tes by notice to 8orrower. Acry natice pravided far -�� .,-�.,�
<br /> in this Security tnstrument shall be deemed to havc been given to Borrower or Lender when given as provided in this °-
<br /> ..M:�r�� „•:-
<br /> • ' � P�15 Go�crnfing Law;Severabitlty. This 5e��urity Instrument stwll be g�vemeci by federal Iaw:u�d the Juw of the • ����-"�-
<br /> jurisdietion in u�ich the Praperty is lncated. ln the event that any prc�vitiion ar clause ni this Security Instrument or the Note
<br /> y conflicts with aFpfic�able law,such conllict xhaU rtot affect o�her provi�:iom of thiw Security Inurument ar the Note which c�n �,..��,'�-_-
<br /> '� f be given effecr withaut tbe coniliciing provision. To thiti end the Qrnvisians of thic Security /nstrument and 1he Note sire ' '
<br /> � declazed ta be severabte. � ' ,
<br /> ' •'' 16. Borrower's Copy. Borrower shall he givcn oneconformed capy uf Ihe Nate and of this Security Instrumert. _
<br /> • 1'f. 71ra�ster a[the Propehy ar a BeneBcial Inter�3n Bunawer. li all or any pan of�he Prnpeny or any irr.erest in �,�;� • _
<br /> • it i.r•sold ar transferred(or if a bencficial interest in BoErawer is�atd ur Iran�ferred�:d Barrower i�not a natural person� - � °
<br /> without l.ender's priar written consent,L.ender m�y,at irs option,reyuire immedi�te payment in fult of all sums secured by �" ;°:�
<br />- . this Security Intitruttwnl. However.this option tihall net be excrci+ed by Lw.nder if exerci�c i�prahi6it�:d by feQeral law aw of " �%-Y.•:. _
<br />" . , . the date of this Security lnswmen� . . `�r
<br />� " If l.ender exercises thix option,l.ender shall;ice Bcrrower nutice��f acceleratiun_ L'he noticc�hall pre�vide a period of `,'��� ,
<br /> a �• �ot lass than;0 days from the date the notice i•deliverec�c�c c7ailed within�vhirh Bnrrawer mu�t pa��a!1 tium��ecared by thi�
<br /> � � �_ Security Instrument. If Borrower fails ta�-thesc scrmc priar ta the rqpiratian of this peric�d. L.endcr may invoke any ,� • . . '
<br /> • `� �:' �° remedies pemsiffi'.d by this Security InstntmerS«ithaut furlher natiec ar den:and on gorr�nvcr. '
<br /> ' �`''' "� � IS. Boreovser'� R1ght ta Relnstate. 3f Banawcr mcet+ ccrt:un eonditiuny. Borrowcr�hall havc thc right to have �`
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<br /> ���- �r., enforcement vf thi�Srcurity Instrumentdiscontinued at:r:�y time prior w thc r.�rlirr uf: (a)S d�y.for.ruch��ther�eriai a,
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