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<br /> � - - , cctnden��ttioa or o�hes u�ng of.�y pa�t of t6e"L�apeity.or farcmvey�ce in fieu of cot�de�tiore.m he�eby a�ssigRea atd - �_
<br /> � a�ll be p�id ta Lender. � . ` _ � � � � ' - : • . . �
<br /> ` , . . � in the event of a`.tota!ta[cing of the Pmperty.t6e prnoads shail brappliod to the surt�securcd by this 5ecuritY `
<br /> _ --- ,—._-.. r,�,,,��'...�..:�....._.,.a,....e���Y-e:c_ess.�aid m Bnriowe�r_ fn�evenE of a�Lt�Et��of the '� v in �_.
<br /> which tbe fair marfcet value of the Pmpe�ty i�nediately befoie the tatcing is equa to o��rraterT�ti�e amodnt o t sums . .
<br /> secured 6y this Security[nstrument immafiateiy bcFore ttie taking.uniess Hnrmwer m�d lender att�erwise ngire in writing.
<br /> ' the sums savrcd by�hu Security Insaanxnt shall6e reduced by the amount of the_proceeds mnttipt'rcd 6y the foibw�rtg ° .
<br /> ' ftaction: (a)thc tatai arecwnt of the sutns securcd immediately befoce the talcing,divided 6y(6)the fair mar�cet v�1u�of the� . ,
<br /> • Ptoperty imtnediatefy&fom the taiting. Any bataacc shall 6e paid ta Soaawer. in the event af a p�ttiat taking of the
<br /> , , Property irt�vtiicft the f�ir maticet vatac o€thc!'c�pe�ty im�c3iatcl�t�efocc:the taYing is less thatt t�a���mt fl€ibc sttms . � - -
<br /> secu�ed ia�mediatei�r before the talcing.uNess Borrower and Leader otlkrwise agiee in writing c�r antess applis�bk Iaw ,
<br /> othuwise pcuvides,tbe psicice�s sha116e applied co the sums secured by this Secvriry instiva�eat whether or nat the sums are
<br /> then due. � �
<br /> If tix ptopecty is abandoned by BFxrower,or if,after notice by I.endcr to Botrotiveo diat the coad�mnor offets to ma{ce
<br /> a�t awaRi or senk a claim 6or damag�es,Bocrower fails w respond to Lender w�ithin 34 days after.the date the notice is givrn.
<br /> Lrnder is aodtotiud to rnlkct and appiy the•proc�eeds.at its nption,either to restoration or rep�ir of the Fr+operty or to tl�e
<br /> swns sxuced by t6is Security Ins�rument.whcther or not then due.
<br /> � _ Unless Leader and Barowev otherwise agcee in writing,any application of proceed5 to principal sttall rtat extend ot
<br /> -. postpone ihe due date of the et�onthly paymenis referred to in paragaphs!and 2 or chaage the amount of such payments..
<br /> -- 11. Barra�eer Not Rdas�d: �orbearanae By l,ender Not a WAtver. Extension aF the ame For payinent or
<br /> _ ' mod�catiore of amortizaaon of the sums secured by this Secarity Insuumeat granted by L.ender to any sucressor in interest
<br /> = bf BaFrower shall"not crperate to retease the liabitity oF the ongtiat Borrower or Bo►ru�vers successors in irtteres�Leniler '
<br /> - shaU not be requiied w conunence procoedings against any successor in interest or refuse to extend fime for payment or
<br /> = othervvise modify amu�tizatiaa of tbe sums secured by t6is Security Instrument b�r reason of any dema�id made tsy�the oripnal
<br /> Botmwer or Borcower's sucoessors in intenest. Any for6earancr by Lender in eaercising any right or remedy shalt not 6e a =__
<br /> � waive�of or peclude the exercise of aay rigfit or remedy. ' --
<br /> .=-� 12. S�a's�d�As�s Baw�d:Joint snd Several List6ility:Co-si��ers. 'il�e cavenants and�greements of this ---
<br /> __- Security.Iastrumeat shall birid.asid;li�"�the sucecxxssors and assig�is of Lender and Borrower,subject[o the provisions of _ _
<br /> " paragraph 17.Bortawer�s covena�s'?u�'agt�nts shall 6e joizie�iid sevecal.Any Borrower who co-signs this Security ,.�-••�,�;_
<br />�� ` Insuument iwi daes nut.execute ti�e�eie. (a)is co-si�ing this Sei�iiity Instnimcat only to mortgage,grant and ronvey that �-,�.-
<br /> Z�mwes§interest in the Proper[y wtterthe terms�Tdiis Security rqsgument; f b}is noe�nally oblig�ted to pay the sums '�s`�.'.•;
<br /> , �� �secutrd by this Security Inauument;an�{c)agrees that l.ender and any other Bomower may agree to extend,madi�y,farbear - •" '"- -
<br /> or malce an accommodations with to the tertns of this Securi Ins�trument or the Note without that Borrower's .�:':sy`,~':�"".-
<br /> Y �d tY • �.�T
<br /> .` consent. - :;�::: • Y�-=--"�
<br /> � �'� � 13.�Loan Charges. If the laari secured by this Securiry instrument is subjeet to a law which sets maicimum toan �%'���'
<br /> charges.and that law is finally interpr�eted so that ihe interest or other loan charges coilected or to 6e collected'm connection _ �;�.�:-.;
<br /> � with thc loan exceed ttie permiued lin�its,then: (a)any such toan charge shall6e mduced hy the amount necessary to reduce ',u�;:
<br /> * the charge to the permitted limi�and 66�any sums atready callected from Borrower which exce�ded permitted limits wiU be �--�°_--
<br /> �`1 , es�`c:c.
<br /> . ; . . refunded so Borrawer. l.ender may c�ioose to make this refund by reducing the principal owed under[hc Note or by making a
<br />_ '' dir�ect payment to Borrower. !f a refund reduce:+principal.ihe reduction will be�teated�c a partial prepaymeat without any �-�''�:
<br /> � � prepayment charge under the Note. :-��•�� '
<br /> �t.: .• . . R.,'�:�.;`�_
<br /> 14. lYotices. Any notice to 8ocrower provided for in thic Security tnst�u�em sha116e given by de�cvering it or by ;:.. ;
<br /> �' • +n� :�`�k;= _,
<br /> � mailing it by first class mail unless applicable Inw cayuires use of another methal'fite notice shall be directe�ta the Property r?<<•. . �_
<br /> ;'� Addtess or any other address Botrowecdesignates by notice to Lender. Any nouceto Lender shall be given by first class , . :�� �
<br /> �:�� mait to Lender's address stated hereinosarsyothcr address Lendcr designates by potice to Barrower. Any nntice provided for .-.
<br /> ' r ;A;: in this Security Instrument shall be deecned to have been given to Barmwer ar Exnder when given ac providcd in this � 'r
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<br /> P�S�P • . �•�':.-__'._
<br /> � '�`; 15. Governing�.a�:Severability. This Sccurity Instrument shaQ be govemed by federal law and tfie law of the .�%,;.�,-'=,' "
<br /> � '�� jurisdicdon in which the Pcaperty is loeated. ln ihe event that any provision ar rinuse of ibi�Security In+trument nr ihe Nate •�'
<br /> - contlicts with applieu6le taw.suchea�f�.�:t shall nat affect other provitiions ot'Ihiti 5ecurity Inctrumeat or the Note which can = ;_.=:t:__
<br /> ,p. 6e given effect withaut tF►e conflictcr���rovision. 'f'o this end the prrovision�af this Security la,trument and�he Note are i,,�"
<br /> declared to be tieverabte. � ' .
<br /> 16. Borrower'.s Copy: Barrawcr shall be�ivcn anc confanncd copy of thc N�tc and��f�his Security In�rrumcnt. ,
<br /> ' ' 1?. 'liranster ot the Property ar a Beneficial lnterest in Sarrower. lf:�II�r siny pan of thc Praperty oi a�y interest in `.:�; ..
<br /> , , it is sold or transferrcd(or if a ixneficial intcrest in Borrawer is sofd or transferred and H�rrower ic not a natesr.d pena^!. . .'�`�:'�
<br /> • i? � without Lender's prior written consent,txnder m�y.at i��aption.caqaire immediate paymcnt in full aF a11 sums secured�4 -''i`-
<br /> this Security Instrumem. Nowcvcr,thisaptian shall not bc excrcised by Lender if cxercirc i�prni�ibitcd by federA)law a.4 of =
<br /> " ' the date oF thiy Security lnstrument. � ' '
<br /> ~ �`•` If Lcnder exercisey this aption.l.ender shall give Borrower naticc of acce;�ration. Thc notice rhal{proride a periai af � . .
<br /> ' t no1 less than 30 days from the datc the nolice iz detivered or mailed wilhin which Bonower must pay all�umti.ecured by this ..
<br /> .. ; Secucity ln�trument. If Borrnwer faily to pay thc�c.rums ptiar to the cxpi�ation of Ihiti perind. Lcndcr may invokc any _ .
<br /> j � � remedies permitted by this Securiry lnstrument wi�hout further nutice��r dcmand on Harrotivcr.
<br /> • '�?{���� •� -+ IS. $orrower's Right to Relnstate. If Burrower meets ccrtain conditi�nti. Bnra�wer •h�dl havr thr ri�ht to ha��e ,
<br /> _ �`�` cnforcement of this Securi�y Instrumen�discantinued at any time prior to the eariier ot: (�15 days(or sucb��ther period as L _
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