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<br /> a aher taki�af�ay p�t of die.Pto�e:ty.or fAr caaveya�ice in�lieu of coade�uaa�.aie he�eby p►tciEaed aad <
<br /> � . slyU 6e�aid to I.�nder. ' , , `` `� � ° < � ' .' .
<br /> ` Id tht tveat oE a m�l talvog•of tlic Frnperty,,the procecds slail t�e applkd.to ttti sum:s se�.wtd by ti�is"5ociuicY
<br /> . L�isuuumenG whdher or not tlsm due.witi�any excess p�d W Borrower In the bvent of a pactiat¢aicing of th�Ptaperty u�
<br /> ` v�fiide thc fa'v martcet valuc of.tLe�Ptapen3►immediately before ths talcing is equa!to or greatpr than tbe artannt of the suuls
<br /> sacaied by this Secwity IusUUinent iinnxdiately befune tut taking,uWesg Bormwer and Lender athenvise agiee�writing.
<br /> — . the sums sec�med by ihis Soc�rity Insmuaeat shal�be Rducod by the amount of the pioceeds multipGed by the followiag
<br /> fr�ctia�: (a)t6e total amount of tke sums sccuYed immediately befote the(aking,divided by(b)the fair m�r�st vaIue of the
<br /> ._ _ plvpe�t�_im�ediately befae ttu taking. Any baf�shal!6e paid w�amwer. in the event,of a part'rat tatJng of the _
<br /> prope�ty ia whicit tUe fair marlcet vatue of the Pcaperty isamediatcly before the[aBing is tess tttan�thc amaant af th�sams .
<br /> - � secuiM imaiedi�cefy befae thc taiang, unk�ss`Bormwer And i.enda:otherwise agre�in writing or anl�;s ap�plicable�law
<br /> .. o�awise pravides,tbe procads shatl 6�apptied to tf�s�mLS secuied by this Securiry Inswment whether or aot the suias are
<br /> tlrcrt due. � � .
<br /> If the Ft+opecty es a6andoned by Bomower,or if,after notioc by Lerdsr to Bornuwer tltat the ca�demnar rrffers ta m�lce
<br /> an award or settle a claim for damages,Bom�wer fails to respolx)w I.eoder within 30 days afier th�date the notice is given.
<br /> L.eader is auttwrized to coUect and apply tlia pcoceeds.at its aptian,eitl�er to restoration or repair of tF►e Prnperty or to the .
<br /> sums secutM by tdis Sectuiry Instr�msnt,wliedier or not then due. < ' :
<br /> Unless l.ender and Barowa aiherwise agiee in writu�g.any applicatiort of proceeds to principai shaU not eatend or -
<br /> postpa�e dx due date of the monthly payments refemed to in parasraphs I and 2 or chauge the amaunt of such payments.
<br /> ;11. Hornawes Not Rela�ed= Forsesraoce B�r t,tuder Not a Waiver. Extension of d�e time for payment or
<br /> modificatioa of arnortirrtiaa of the sums secured 6y tlus Security tnsirument granted by Le�uler w aay successor in intenest .
<br /> � ' of Bomuwer sf�aU nat operate to�elease the tiabiliry of the original Borrower or Borrower's successors in interes�Lender
<br /> s6aU not be ia{uind to commence proceedings against any successor in interest nr cefi�se to extend dme for payment or
<br /> � atherwise modify amortization of the swns�ecu�ed by this Security Instnunent by�ason.o€any demand`made by the original
<br /> Borrower or Borrower's successars in mt�cres� Any forbearance by Lender iri e��%sing any right or remedy shatl not be a
<br /> - W�IVCf Of O(j/[aIUdC t}IC CEB[CiSC OF a11X(1�1�O[ICR1CdSl. � .� ,;. .
<br /> ' � 12. Suoceskors aed A�Bauad;Joint and Several LiaWlity;Co�zs�The covenants and a�see�ents of this
<br /> Security Inmument shali bind a�xt benefrt ti�successors and assip�s of Lender aa�Borro�ver,subject to the ganvisions of -
<br /> ''' patagraph 17. Borrower�s covenants�d agree�neats shnll be joint and several. Any Botrawer 0.�a ca-signs this Security
<br /> � InStrument bat dces not execute the A'at�..(al ix casigreing this Security Instmmet�t,only to mors�,:,gant and convey that =__
<br /> - Barower's 3ntenest in the Property unde€zhe terms of this Security TasnutneN: (b)is not persona:i�trbiigaied io pay tfie sums _=-
<br />_- sec.timd by ihis Sec�uity Inswment;and(c)agrees that Lender and any other Borrouer may agc�to extend.madify,forbear � =___
<br />- ar malce any accommodations witb �egard:to the terms af this Security.tnstmme=s ar the Note without that Borrower's , __-
<br /> "�' � consen� ' -
<br />. �>>'.` 'x, - -_-_
<br />: �.; 13. Laan Charg�s. If the loan secured by this Seeurity Instrument is sabject to a law which seu maximum foan ____
<br /> , , charges,and that law is finally interpreted so that the interest or othec loaa charges coltected or to be coltected in connectian _ ---_
<br /> �N�'' with the toan exceed the permitted limiGs.then: (a)any such toan charge`shall tie reduced 6y ihe amount necessary to reduce
<br /> _-• the charge to the permitteu+[imi�and(b)any sums already collected from Borroaer ahich exceeded permitted limits will be
<br />��°�=�? nfundeQ to Borrower. Lefsc��c rnay choose to make this refund by reducing the principal owed under the Note or 6y muking a
<br />-_.- direct payrneat to Borrower. Qf a refund reduses principal,the reduction will be treated as a partial prepayment withaut any
<br /> p�payment charge under the Note. _ _
<br /> . I4. Notices. Any no�ice to Borrow•er provided far in this Security lastn�ment shall be�ven by delivering it or by �_._
<br /> '�4:• mailing it by first class mail unless applicable law requires use of another method.The notice sha1P be directed to the Property �`,�__
<br /> ' Addres.c or any other address Horrower designates by notice to Lcader. Any notice to Lender shall be given by fir�'t clus
<br /> ' mail to I.ender s address stated hcrcin or any other address l.ender designates by narice to Bomnwer. My natice provided for -
<br /> r in this Security Instrument shall be deemed cn have been given to Bortawer or Le�►der when given as pravided in this �;�
<br /> . Pa�Ph• . ' .�"`
<br /> - 15. Governing Law:Severability. 'f'hi.r- Security I�.titrument tihall be govemed by federal law and thc!aw of the ��`=
<br /> jurisdiction in wluch the Property is lacated. In the event that any provision or clause of this Securiry tnstrument or the Note `��`
<br /> - cortfticts with applicabte law.such conQict shalE not affect ather pravisions of this Seeurity Instrument ar the Note which car► ,=
<br /> � - be given effect without the conflictirtg provision. Ta thi.ti end the provisions of th:�Security Instrument and the Nate are
<br /> • � declared to be yeverable. �
<br /> .i�5�j 16. Borrower's Copy. Borrower tihaq bc given one canfarmed copy of[he Note aad of this 5ecvrity 6ns�.�ment. _ •_
<br />_ � 17. Transier o�the Property or a Beneticial interest in Barrower. If all or any pan of�5.�Properry or any interest in
<br /> � 3 it is sold or transferred(ar ii a bcneficiul interesl in 8orrower i�sotd or transfermd and Banawer i�not a natural person) •,�::-
<br /> , � without Lender:s prior written cansent,Lender may.at itti option,require immediate payment in full af all sums secured by ;�tt:';_
<br /> ihis Security lnstrument. HOwever.this optian tihall not tx:exerclsed by Lender if 4xercite is pmhiblted hy federal law as of' �,;Y.,-
<br /> .-. _ •' the date af this 5ec«,iry lnstrument.
<br /> � �� I1'Lender exercises this optiun,l.ender shall give Borra�ver noi:ce af acceJerati�n. The no�ice shaA provide a periad af
<br /> • •«'. not less than 30 days frnm the c�te the notice iti delivered or mailed c�ithin which Borroae�must pay ap�ums secured by this .
<br /> - Security Instrument. If Sarrowcr fails to pay thesc �umv prinr ta�hc expir:nion ot th"rc periad. Lender may invoke any , •
<br /> ""�" � remedies permitted by this Security Insuument wi�hnut funher notice ar demand or,Borra�cr. ` .
<br /> • h �x�»�;`,, , IS. Borrower's Right ta Reinstate. If Barra�er mcets certain conditior,:. Hoaowcr tihall have the right to have .
<br /> _ -.-= . , -- - :,sifarcement vF th�.s Sz:s;'st;lntitnesneat disre,ntineed r�t�n��•;.ne prio;:•a the e<<ctier o[: ta15 day�(or�vch c,the�{N±ic�d as ---
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