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<br /> - caadems�iari ar wl�er tat&►�of aag p�t of s�e ProQerty.a fas conv�yana i.n lieu af candemn�[ion.ue Neneby`►�sigied+�d
<br /> , shall be p�i to I.endrr. ; , .: . `
<br /> fa d�e eYa�af s taat[iking of the Pt�aprRy.�he proceods shait 6e applied ro tNe wms secured hy this Security
<br /> �t�.wlKtl�t�t uot tt�a►due,wi,th�ny exces,�pscid to Bonow�a: In tlte event of a paRial t�icirtg af 1he F[oprJty in
<br /> wfikh thp fair marlcet Yafue of th�Prinperty-immediacely befae the tatcing i.v equal td or greater than the sunount of tUe sums .
<br /> secu�ed by tha Se�curity tnstrun►ent immodiatelx before ttrc hicing.unkss Borrower and l.endet othsrwise ag�ee ia writing:
<br /> � . ihe.swns sccuted by this Sesutiry L�suutneM shalt bt tedueed by the amamt of the.pmcoeds muttiplied hy the�fdJowing.
<br /> ` ,- f�tion: ta)the wW amour�o(the sumq sec�efiimmedi�tZty#tfae the taking.d'iv`�ded by tb)the f�ir�askct vatuc oE�
<br /> ,. _ .
<br /> Pt�pe�ty immediauty bet'ae ehe t�king. My DaLv�e sh�l{be paid to Borrewcr. Irt the event of�e putial t�(cing of the. ,
<br /> — - - —. .
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<br /> =ptapeny��weicn u�c za�rmutst�aio4 o�r ti�r-Frop�ri�-i�i��#i�'at��s�foce��n�is tc�thaa shc
<br /> secured imrtKdiately befae the taking.unkss Baxtav�er and Lender ahcrwise ag�ee in writing ar unkss appticabte taw
<br /> otherwist ptovides.the prtxeeds shall!+E applied to ttle swns secat�d by this Security Ir�sunmrnt vrlKti�er or not the sums ace
<br /> ..then duc.
<br /> � If the Prope�ty is ab�ned by Boauwer,or it after naice by Lender to BoRUwcr th�u�hc cortdem�oi�ets to m�lce
<br /> an swatrl at smie a ctaim fa dsmages.BuRUwer f�ik to nspond to Lender within 30 days after tde date the notice is given.
<br /> L,ender is wthoris.cd to colkce and apRly the p�oceeds.at its opuon.eitheF to icstorrtion or c�eQair of the Pcoperty o�to ti�e
<br /> siims socuced by tAis Secu�ity Insuumen�.whether a not then due. �
<br /> unkss l�r�der and gamwar o�t�ec�►�ise ag�e in wciting.any applicution of proceeds ta priucipo!�t�ti iwt extend or
<br /> poupanc tbe due date of the monthly paymmts zefernd to io p�graphs 1 aad 2 or change the amount of such payments. �
<br /> ly Q��p. � �� ('ip��x�p�B�t �� N0� � W�YK. Eatension of the time for payment ur
<br /> modification of an�nttizatioa af the snms s�acurcd by this Security inmament granted by Lender to any successor in intemst
<br /> of Bornower stuili na aper+te to release the liabtliry of tbe.cxiginal Borrowa ot Botrowers sucoesso�s u�interest.Lender
<br /> sh�lt noe he�equi�ed to commence proeeedings againtt�any succes.wc in iate�rst or cefuse to eatend time for payment or
<br /> , ahawix mod"ify amortiz�tion of the sumc secuned Dy thu Secarity fnsuomrnt by rrason of any dem�nd made by[he oiigitwl
<br /> Bamwer or Boaower�s successa�s in intec�est. �farbear�nce 6y Lender in exerrising any right or mnedy shatl not be a
<br /> w�iver uf or prcclude the execeise of any:ig6t ar rt;medy.
<br /> = — Ib Su�s sad Assi�ns Bo�uds Jdat�d Sevenl GisMHty;Co�si�ners. The covenants and agreemtti�s of this
<br /> � Security laswment shall bind and benefit the successocs and assigns of Lender and Barmwer,subjcrt to the provisionS of _
<br /> " paragraph'1'7.Bonawes's caYe�nts and agce�eats shafl6e lpint artd several.Asiy Borrower�who co-signs this Security =
<br /> insuumcnt but daes na execute the Note: (�is c��gning thi.�Security Insuument-only to rtwrtgage.grant and convey that =_--
<br /> Boaawer's interest in[he Ropecty under the ternts oithis Secarity[nstcument: (b)is not personally obligated to pay the sums
<br /> . secuted hy this Security Inctnimen�and(c}�Cees thaR Lettder and any other Borrow�t may agiee to extend,madify,fotbear. =
<br /> or make any uccommodations with regard to the tetms oi this Security tnstnm�e�rt or the Note without that Borrawer's =
<br />- � consen� -`
<br />_- 13. Lou Chst^�es. If[he la�n Secured by Ihis Security Insuument is subjecl to a law which sets maximum la�n
<br /> - rharges.and that law is finally interpreted so that the interest or other loan charges callected ar to be caqccted in connection
<br /> _ with the loan exceed the permined IimiGs.then: {a)any such laan charge shall be reduce�i by the amount necessaryr ta reduce
<br /> . the ebarge to tbe pemutted timi�ancl(bl any sams alneady eoilected from Barower which eaceeded permitted lim�u will be
<br /> cefunded to Borrower. L.ender may choose to make this refund by reducing the principal awed under the Note or by m�Icing a �__
<br /> - di�ect payment to Bortawer. ff a refund reduces princip•rl.the reductian wi11 be treated 3s a p;utial prepayment without any --_
<br /> prepayment charge under the Note. `
<br /> 14. Notias. My natice to Borrower rovided for in thiti Securit (nsuument shall be iven b deliverin it or b �
<br /> �-:-,
<br /> P Y s y g y .�__
<br />- mailing it by first class mail u�less applicabte!aw requims use of another method.Tite notice shall be directed to the Property
<br /> Address or any uther addrt�ss Borrawer desir,nates by noticc eo l.ender. Any noGce to Lender shall be given dy first class
<br /> mail ta L.enders address stated hemin or any other address l.endcr desibmates by notire to Borrawer. Rny notice provided for
<br /> in this Security Insnument shaU be deemed to have Ixen givcn to Borrawer or [.ender when givcn as provided in thic _ ��
<br /> ParagraPh• �
<br /> - 15. Go��ernieg Law;Serembility. Tl�is Security Instrument xhall he govemed by fedeml!aw And thc law of the
<br /> - 'urisdiction in which the Properiy is lacated. In the evenl that any provisian ar clause of this Security Instrumeat ar 4he Note ���
<br /> l .
<br /> ' confliets with applicabte taw.such conflict shall nai affect ather prov�ti�ans of U�is Security In�trument or the Note which can
<br /> be given effect without the cantlicting provision. To thi.end the provisivns of thi�Security Instrumcnt and the Ptote are '
<br />�_;,� °. declared to be ceverabte. �
<br /> __ 16. Barrawer's Copy. Borrawer shall be given one confarmed copy of the Note and of this Security Instrumen�
<br /> ::�;;;�;- ' 17. 71r�,n,�e�otthe Property ar a Benet�ci911nte�est in Ba�roRer. lf all ar any pan of the Praperty ar any interest in , _
<br /> it Is sold ortr.snsferrcd for�f a beneficial interest in Bormwer i�sotd or trancfe�red And Borroaer is not a natural penon> :.
<br />- : without Lenders prior written com:em.Lender may.at its optian.require immediate payment in full of all sums�ecured by �v_
<br /> tiix�Securlty Insttumen� Hawever,thts option shall nat be exercised hy l.endcr if cxercise i�prahibited by fedcral l:►w ue af
<br /> � `� #!�e date ot ihis 5ecurity Instrument. •
<br /> .r;.:,,, L ' lf Len�z cxerciscs this oplion.lxnder Hhall gi��B�rr�wer nouce ot�ccctemt:on. The noticc�hall pro�ide u period of
<br /> :�:,,s,,� . not less�ha►x?t1 days from the date the natice is delivered nr maited within which 8orrower must pay all+umc�ecured by this
<br /> `' 5ecurity�nar+:,:�ent. 11'Barcower fails ta pay Ihc+c sumx priar to�Fe expirsuion af�his �ertod. Lendcr may invake uny
<br /> �;• ; ,.
<br />_ � ���'_�� • remedies per.-:itied by thic Security lnstnrment withaut furlher n�tice ar demand on Borro�vcr. i
<br /> � i -- 18. B�cxxrower's Iiighl to Reinstate. If Bnrrower mret� ccrl:�in condition�. Bnrrower shall da��c the right tn have
<br /> '�:' � enforcemec:t of thi�Securi�y 1n�trwnent discnntinucd.��siny time pri��r ta the earlic�c c:': (a)5 days(or such ather period ati
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