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<br /> �poiide�m�tan a dl�t�i�d apy p�it of the Ptopecty.ar for canveyairae in lieu+iE��ion.ue hpnehy usig�irod�uxt. -
<br /> alull be paid to Let�der. � _ . ` - <
<br /> tn tbe evenr of a wtaf tating of�he Ptoperty:the prflcecds shatl 6e applied to t6e sums secu[al by tAis Suurity .
<br /> • ` �n�whethe�or not tfien due.vrith any eucess paid to Bortower. tn the cvcnt of a paAia!taicing of tIx Propeay i�
<br /> - whicfi the fai�a�rket"v�lue of the P�ope�ty immcdi�tety be[orc the caking is equ�l to or greatef ttun the amount of the�ums
<br /> BecuoeQ by tAis Securi�y Insnument`immedialety 6rfoc�the t�icing,unicss Borrower sud txndcr othenvi5e agrce irt w�a�s• ,
<br /> the s�ms socured 6y lhis Securiry Tnsttument st�ll be ttduced by.the a.mount•of the proceeds trwitiplied by the Yoflowing
<br /> � ftactinn: (ai ttro.taut amount of the sums�cu�immediately befar th�laicing.dividal by Ib)the fair mukee�alue of tiK
<br /> _Pnopert�r_immediately_befoce ti�a.taking. Any Wiance st�ll ht p�id ta Borr�wcr.`fn tt�e e�ent of�partial t�icing oi.tGe
<br /> Property in which tf�e iair trwrkc�v�tue bf t`he Propertg immc�i�tatg befbre tE�t3kirrg is tcss than�tt�c amo�t c+�thc c�m.s
<br /> secuced immediately before�tu talcing.unkss Boriower anf Lender cxhe�wisc ag�c in writing os uatcss appt�abk taw
<br /> � otherwist provides.ttie p��eeds shsll be apptied to the�wns secured by thw Serur'sty{cntrumenc wf�thcr or notthe sums are
<br /> then due. •: �
<br /> �1f tbe ptupetty is�b3tde,ned by Bomowe�:or if.after notice by Lender to Bb9rrourer th�t the ccx�demnor offers to make
<br /> , an award or settk a claim for dunages.aarrower faiis tQ respond to Lertdec witi�in 30 days after the date tbe notice is given.
<br /> ` I,e�xler is autlx�riT�ed to colkct and apply tbe pmoeeds.at its opcion.eitfier to ie��toration or repaiv of the Property or to the �
<br /> sums secuted by this Security Instmmm�arlKttxr or not then due. .
<br /> Unless Lender and Barowec otherwise agtee in wtiting.any application of procads to principai sNall i►ot eutend or
<br /> pastpone the due date af the monthty payments nefemed to ip paragraphs i and 2 or change the amount of such paymee►tti.
<br /> 11. Qaerower Not Reksxd; Farbaranae B!.l.eader Nat a Waiier. �xtensiai of the time for paymeac os
<br /> �- • modi�iquioo of amo�tization of the swns serured by this 5ecurity Instrume�t�anted hy l.e�er to any.successor u�interest
<br /> , of Bocsowa shall noc operate to czlease the Iia6iGty of the original Borrower or Borrower's sijccessors ia interest L.ender
<br /> s�H noc berequim!to commence proceedings against any successor in inte�e.tt or mfuse to extend ame far payment nr
<br /> atherwise irwdify amortization of the sums secured by th�s Securiry Instrument by c�ason of any demand made by ihe original '
<br /> &xrower or Bamwer's successors in inteRSt. Any forbeaiance by Lender iri exercising any nght oc remedy shail not be a
<br /> waiver af or preFlude the exer�cise of any right or nrnedy. - -
<br /> 12. Spocqeors a�d As�ri�s Baied;Jaint aad Seve�l Lis6Nty;Co�Oe+"s 11�e covenanu�d agreements of this
<br /> $OptillSt IASiIYII1CQ�SI1�7I1 I11I1d BIII�bCliCPt tI1C SUCCC5SOtS afNl.1SSIgILS Of IRIIdCf Sfl�BOfrOWCE,subject to the pruvts�ons of
<br />-= paragrapii 17.Baimower's coveruu�u and agr�eements shall be joint and sever.�i.Any Borrower who co-signs this Security
<br /> - Iasnument 6ut does not execute the Note: (a)is co-signing this Security lnstrument on�y to mortgage.grant and convey that
<br /> _ - - $cnower�s inKnst in thc Pmperty under the tera�s af this Sec�uity Instnunenr. (b)is not personally obligated to pay the swru
<br />�;:�; .��ced by this Security tnstrumen�and(c)`agrees that Lender and anp other Borrower m�y agree to easend,mod�fy.forbear �
<br /> : ,,.:.
<br />:.��� .c�r malce any accommodations with regard to the terms of tfiis Securiry InsUument or the Note without that Borrowers
<br /> . ranscn� '
<br /> i3, Loan Clu�rges. If the loan secured by this Security laetrument is subjerl to a law whicb sets mauimum tuan
<br /> _- sharges,and that law is finally interpreted-sa that the interest ar other loan eharges.callected ar to be wllected in connectiog
<br /> �' • with tt�e loan exceed the permitted limits.then: (a>any�uch loan charge shall be.reduced by the amount necessary to reduc�
<br />;�;:� the ct�arge to the permitted limi�and lb)any sums already collected from Sorrower which exceeded permitted limits will 6e''• .
<br /> _ tiefpnded to Boirower. I�der may chaose to make this refund by reducing the principal owed under the Note or by making a
<br /> = din.ct pa}rment to Boi=ovr� If a refund reduces principal,the reduction wi11 be treated as a partial prepayment�ulthout any
<br />:>r�:, prepaymeat cdarge uttdec the lYote. ,
<br />-`-� 14. Notkea Any not"�ce to Borrawer provided for in this Securiry Inmument shall be given by delivering it or by.
<br /> mailing it by first class mail unless�pplicable law reyuires use of another method.The notice shail be directed to the Property _
<br /> Address or any other addr�ss Borrower designates by notice to Lender. Any notice to Lender shall be given by first class -
<br /> ` mail to Lender's address�ated herein or any other a8dress�.ertder�esignates by notice to RoROwer. Any notice provided far =
<br /> in this Security Inct�.=eat shall be deemed to have f�eeh giren to Borrower or I.ender when given as prov�ded in this =;
<br /> - . P�aS�P�- ,
<br /> 1�.Covemialg Law;Severabititw This Security Ins[n-:aw shall be����emed by federal law and the law of t�ae _
<br />+"` jnrisdic[i�a in which the Property is toc�ed. tn the event that anj�prnvision o.c��se of this Security[nstroment or the K��, _
<br /> � confliets with applicabfe law.such contlict tihaU not affect ather pravisiuns c•�a;�s S�curity gr�csaasment ar the Note which w�: _
<br />_ �--" be given effect withonc t�e conflicling provixion. To this end the provisiv:ts�:,`: th:s Seci=R�y�nstrument and the Note are • : „
<br /> '� declared ta be sevcrabie , . '
<br /> 16. Boreower's Capy. Barrawer shall be give»orte eonform:d capy of the Note and of cnis Seeurity[�.�ment. , � _
<br />= 17. 7lransfer of the Property or a Beneflcial Interest�n�wer. If afl or any pan e�cfic Prapeert}or any intece::t in =
<br /> � it is sald or transfeRed(or if a benefirial interest in Baaocvec i4.�.�1d or transferred and Borrower is not a nntural person> _
<br /> withaut Lender's prios written consent.Lender m�►y.�c it�vption.�yuire immediatc payment in full of all secros secureci by
<br /> ; this Secarity Instniment. Nowever.this option tihal&r.t..�x be exercised by l.endcr if cxerrisc i�ptohibited by€�rai law as af
<br /> the date of this 5ecu�ity In.ctrumen�.
<br /> �f Lender exercises thi.ti opuon.l.ender shall gRe Botrower notice of acceleration. The notice shall pravide a perlod of _
<br /> not tess than 30 days frvm the date the notice is delivered ar maitod within which Hurcc�wrr must pay All sums tiecurcd by this
<br /> 5ecnriry insttumen�. if Borrower Paik[o pay thcsc tiums prior[o�he cxpirs+tian of this periad.Lender mny invvke a���� -
<br /> . . �', remedies pertnitted by this 5ecurity Instrument withaut funher natice or demand on Bonmver.
<br /> __.. _. _ _____._-_ .. _ . 18. Borrower'.s Rigl�t to Reinstate. If 8orru��•er mcets ccrtain rondition�. �orc�1wcr tih711 havc Ihe right ta have
<br /> '� � enfurcement of this 5ecurity Instrument disrontinued at any time prior ta Ihc carlicr uf: (.0 S day�(ar sucb ather petiai s�ti
<br /> � 5inglc Family..Yannb�ix/t�eddk Sis�c�ti(F/)H�1(�tiTRI'�t��l'--Gniti�rm(iwcnanlr 9;90 ry�i.¢�•4 nfhr«;����
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