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<br /> - 3�{i}!�fG�ta�.11ldt[. ` 5�l��bC 1��tU�1�IC SUtI1S SCCYIEd� dt�$ sOCYrlry ''
<br /> - ' • In•ibe eveat of a tartai taYing o�the Ptoperty.the pcoaeds
<br /> Luinimen�wfKd�er or not dlen due,witb a�ryr excess paid to Bamwer. In t5e event of s p�ity!t�king of.the Piro�erty in•. �,
<br /> .which the fair m�dcet vaIue of the Pt�dpe�t3�'immediatety 6efore thc taidng is equa!ta rn g�eater.xhan the�nrxmt of the sums =
<br /> ' sccuued by this Secur`itY Iatuume�nt immediately I�efa�e the tatcing;untess Borrawer and l.ender othecwise agiee in writing,
<br /> <. tf�e smps seeured by�his Savrity Inswment shali be rtduced hy fhe amount of the proceeds mut6plied by the fdbwina .
<br /> , fraction:, (a)tl�tota!�of tbe sums secuhed immediate[y.6ef�the taking.divided t�y(b�the fair muicef valuc of d�e _ __
<br /> ; Property immediuely befoce the tatang. Any balance shall be paid to Bmrower In the evmt of a partiat tatiag of t!� .�
<br /> . , p�y�yvhicb t6e fair madcet vatue of the Pmpercy icrtmedi�te�y before the taking is tess than the amount of the sums
<br /> • secuued immediatety 6efore the Yaking,unless Borrower and[xnder ott�crwise agree in wriEing or m�less applicyble taw
<br /> q�,y�pm�id�the ptnceedc shall be app6ed to the sums secored b�!this Secarity Inscument whether or na the sums aie
<br /> tljen du�. . .
<br /> ' ��ptnperty is ab�ndoned by Boriowes.or if,aRer notice by Leader w Bormwer that tue condemnor offers to maice
<br /> --- --
<br /> � aa award or settle a ciaim for da�mages,Borrower fa�7s to respond co I.endec within 30 days after[he date the nodce is giveri;
<br /> — -- Laeda is a►ethorized.[o calkci and apply tUe p�S.at its apcion.eitfier to_restoration ur iepair�'tfie,Pruperty o►to . __ --
<br /> - - - - --
<br /> - -- -
<br /> = sums seru�ec!6y this Seeutity tnstnunen�'whether or not t _ - - -�- . —- — —-
<br /> `- Unless I..ender�Sorrower otverwise agtee in writing.any applic�fia of proceeds w princi¢�;s1�U na extead or
<br /> e
<br /> _ postpone the due date of the marthly,payments nferced to in paragraplis t��Z or shange the�nwimt of such payrtxncs.
<br /> -- 11. Borra�rer Not Kda�sed; Forbwrance By I.endtr Nat a Nraives Exteacion of the time for payment or
<br />- modificarion of amartization ef s�e sums secured by this Security Instr�meat_granted by Lender to any successor in interest �
<br /> of Bc�rrower shail na operate to te3ease ti�e liability.of tbe ariginal Boriower ar Bomower's successo�s�n interest.Lendec ,
<br />-- ` shall not be tequmed to conunence proceedin$S aSainst anY successor in interest,ar refuse to extend time for payment ar �
<br /> � o�he�wi,se modify amsxtization of the sams secared by this Securiry Insmimatt by reason of arty demand made by the original .
<br /> - ` Bormwer a Barowgr's successors in intennst. Anjr fabearence by Lender m exerrising any right or remedy sfia11 not be a
<br /> waiver of or preclude the exenise of any right ar nKnedy. � ' •
<br /> = lZ. Suocessors nnd A�s Baond;Jdnt and Seveml Li�6iUty;Co-s�nera '17�e coYenants and agreemems'af;shis
<br /> • Security Instrument shall tiuid and benefit ttie successors and assigns of Lender and Barrower,subject to the ptovisio�of =
<br /> _ T= paragraph 17, Botrotvec's covenanGS at�d agmemenGs shall be joint and sevetal.Any Borrower who co-signs ihis Security d.:�,
<br /> � , '' Instrument but daes not execute tfie Note: (a)is co-signing this SeCt��'►��i��y�Q�ga8�S�t aad canvey that �,.�_-==-�-_
<br /> • :��,: Borrower's intetest in ihe Praperty under the terms of this Sece�citg-3ns�sumen� (b)is not pe�^sonally obligated to pay the sums A`-�?�s
<br /> secured by this Security lnsuument:and(c)a�cees that Lenc#�a�3as►}otder Borrower may agree to extend.madify,forbear . �._y,;r::._
<br /> or make any accommodations with regard ta the terms of�s�Secarity Instrt�meae ut the Note without that Bo�rower's . .'�;`��-�
<br /> consent. . �•,:--r��
<br /> ,..�-
<br /> �---
<br /> 13. laan CUarges. If ihe loan secured by thic Security lastrurtient is subjecc to a law which seGs maximum toan •.. �:,;���=
<br /> -, " ci�urges.and that law is finalty interpceted so that the interest or other loan charges collected or to be cuI[ected in connection �__-
<br /> � - - with the toan exceed the permitted limixs.then: Ia)any such toan charge shall be redured by�lhe amounE�ecessary m reduce „ ��
<br /> {� ' 11ie charge to the permittrd limi�and Ib)any sums already caltected fram Borrawer whicb eaceeded permiued limits wiq be ��`�_
<br /> ,�V, cefunded to Borrower. Lettder may choase[a makc this refun�f by reducing the ptincipal owed under the Note or by making a ��:.:,--
<br /> .�- ,��+:�.-.�::
<br /> ; , direct payment to Borrower. If a mfund ieduces principal,the reduction will be treated ac a partial prepayment w�thout any .;`..�e..j..,.
<br /> .;; : � prepayment charge under the Note. � -
<br /> :•���.
<br /> • � �. 14. Notices. Any nodce to Borrower provided far in this Securiry lnstrument shall be given by delivering it or by , , ;a:.;
<br /> � .,_�,;-.�:.-:
<br /> • � �: mailing it by first class mail unless applirabte law requires use of anather methad.The notice shall be directed to ihe Propeny Y;.,,,_
<br /> ', • Address ar any other address 8oaower detiignates by notice to Lender. Any notice to Lender shaU be given by first class �?,;,,;;,�,':'_
<br /> ,,..:..:r.
<br /> � ` t' mail to Lender's•addrecs stated herein or any other addretis Lender detiignates by notice to Bonower. Any natice provided for •: ',.>.,r��;,_
<br /> -;' i� this Security lnstrument shall be deemed ta have 6een given to Barrower or l.cnder when given ati pravided in thic �,-,...�. .,' `
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<br />. ��_. P���• _
<br /> ,;., 15. Coverning Law;Severa6ility. This Security In�sniment shall be govemed by federa! ta.w and the law of the ,`_
<br />' jurisdiction in which the Property is lacAted. In the event that any provi�ian or clausc afthis Securily tr►mtrument or the Note ,4
<br /> _" .• eantiticis with Applicabte law.sach canflict shall not atfect or�,.er�rovizinn�of�biti Security Instrument or the Note wfiich can : ��`•
<br /> ,��-'•.� - be g�ven effect withuut the conflictins provi�ion. To this ead the pr�visianti ai ihi� Security Intitrument and the hTu:e are �_ .
<br />- • , dectared to be severable. ; _
<br /> • � 16. Borrower's Copy. Barrawer tihall be given ane ronformed c�py of�hc Note and of ihis Secur�E}In�trument. , ,
<br /> • " �7. 7lranster of the Property or a Beneficial lnter�l in Borrower. IP all nr any p�n af thc Prapeety ar any intcrest in , ' .
<br /> � ' ic u�v�Sd or transfeaed(or if a benetirial intere�t in Honowcr it.old ur trans�fcrred and Barrawer is aot a natural perwn) �';�a;-
<br /> �.�. ;:.,.,.
<br /> ' wet?��at Lender:s prior written cansent.Lcnder may,at its optian,require immcdiatc paymem in full of al!sums f;ecured by ��;�.;;:<<
<br /> ' - this 5ecurity In�trument. Hawever.this aptian shali n��he exercised by Lcnder it'exercise is prohibited by federal taw us of _ _
<br /> -� the date of thix 5ecurity Intitrumcnt. � .
<br /> k •r �f Lendetextxcises this opti�n.L.crtder tihall give Aorrower nmice c�r.u:ckter:rtion. Thc ttotice+i�at�ptovide a periad of
<br /> _- �,,• :•:
<br /> ,,.�#•,��°��.;.�; not fesc t:�z.�t 3(1�ays from the date thc natice is dclivercd or maitrd within u�sch i3c�rruwcr nuut pay all sums xccurcd by this ,
<br /> ' •�•':r-`� Sec+.�t D�nsr�n�nt. If Horrower fa+ls to pay thcsc�um� priur t��the expiration a:ihi�periud. l.cnder map invokc any
<br /> ,. :.s •K�,t'�, : Y .
<br /> ��,� remexiies perYet'ittcd by this Security ln�ttumcm without furth�r aotirc ur dcmartd on N:�rroc��cr.
<br /> . �.•``:=�'?`�;� l lg. Borrower's Rigbt tv Reinstate. If Horro�ver meets ccrtain c�mJitianv. Hnrrower•hall have thc right ta have �
<br /> v.;,�.. .
<br /> ' .�''.'�.•_"�e' enforcement of this Seeurity Intitrumenl di�cantinucd at any time prior tn ehe c:�di�r��f: (a►S dayy(nr.ucb other period a� .
<br /> ..:�::.,.,s,
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