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� _ ._�:_-.�,.�.�:,;_,,---_- __ ,,�'-!�.fI�LY:1t..:..4__.�.:....e.-� .._..___.....___'_. . SeCUrity Instrument ah�ll be reducod by the+mount of the proceeds multlplied by the following fraction: (A)the cotal amount of the sufn.+�ecural inunedi�tely betorc the t+dcinQ,dividai by(b)the fair muket v�lue of the Property immedi�tely beforc the taking. . Any b�i�nce�h�ll be ptid to Borcower. In the event of�puti�l taking of the Pmpcny in which the fair market value of ttie Propeny • imme�iuely before the uicin�ii less than the unount of the sunu secural immediwtely before the taking,uNess Borrower and l.ender otherwise a�rct in writing or unless applicable I�w othcnvise provides, the proceeds sh�ll be applial to the sums securod by this� Security Instrument whether or not the sums�re chen duc, If the Property is abandoned by Borrower,or if,efter notice by ixnder to Borrower that the condemnor offers to make an Award � or kttle�cl�im for dunag�a, Borrower fails to rapor.d ta I.ender within 30 days atter the date the no[ice is given, l.ender i�, authodxed to coUcet and apply the pruceods,at ita op►ion,either to restoration or repair of the Propeny or ro the sums securaf by�,.�, thu Security Imtrument,whe:her or not chen due. iJnlas i.ender�nd Borrower otherwlse agra!n writing. �ny applicatlon of proceeds to principal shall not extend or pastpo the due d�te of the monthly p�yments refernd to in puagraphs 1 and 2 or change the amount of such payments. 11. Bormwa Not Rde�.+ed; Forbea�nce By l.ender Not a Waiver. Extemion of the t(me f�r payment or modification u amottizAtion of the sums sea;ured by this Socurity Instrument granted by l,�nder to eny successor in inter�st of Borrower shall not oper�te to nlease the IiAbility of the originel Bonower or Borrower's successors in interest. l.ender shall not be required to commence pr�oceedinga against uiy succesaor in inttrcst or r�fuse to eatend time for payment or othetwise modify unonizatlon of the sums securcd by this Security lnurument by reason of u�y d�mand made by the original Aonower or Borrower's successors in intenst. My forbeu�nce by Ler►cier in exercising any right or rcmedy shall not be a waiver af or preclude the exercise of any right or rcmedy. 12. S�ccea�ors�►ad Asst�ro Bound;Joint�nd Severol Liabitity; Casigners. The covenants and agreements of this Security Instnurrant sh�ll bind and benefit the successors and ossigns of L.ender and a�irrower, subject ro the provislons of puagtaph 17. PoKxawes's covennnts and agraments shall tx joint and seve�al. Any Borrower whn�-signs this Security Instrument b!st das not execute the Note: (a) ia co-signing this Security Instrument only to morcgage, grant and convey that Bonower's int�rest in the Proptrty under the terms of this Serudty Instrumenr, (b) is not persorully obligated to pay the sums sccurcd by [his Security Instrument;and(c)�grees that lxnder end any other Borrower may agra tv cxtend,modify, forbear or muke any accommodatians with regud to the temia of this Sscurity Instrument or the Note without thru Borrower's consent. 13. Lo�n Chwt=ea. lf the loan secund by this Security Instrument is subjxt to a law which scts mazimum loan chazges,and � that I�w is finally intapreted so chu the interest or other lam chuges collatal or to be collected�in connection with the lom exceed the permittod limiu.then:(�)my such loan chuge sh�ll be reduced by the arr�ount neceasaq*..Z�reduce the chuge to the permittod limir�nd(b)�ny sum.o#Iready collected from&�rraw�er which exceeded permitted limits will be:refunded to Borrower. Lender may choose to m�ke tl�is rtfund by rcducing the principna owed ucKkr the Note or by malcing�direct pryment to Borrower. If a nfund nduoea princip�l, the neduction wiU be treated�s a puti�l prep�ymrnt without wY PKWY�►t charge under the Note. U. Natkes. My notive to Borrower Dn►vidal fur in thls Securiry Instminent shall be given by deliverinR ie or by mailinA it bv fint cbw mail wileu�plicable law requira use of motlKr mbthod. T6e notice ah�ll be directed to the Pi�o{�erty Adde+esa or any otLa addras BorrcwNe�designua by notice to Lender. My notice to Lxnder ah�ll be given by fint class mail to Lender'a addraa ; , ttated baein or�nX,atfier addreaa I.eMkr daignues by notica to Borrower. Any notia providod for in this Security laatniment sh�ll%. be dee�d w have bten aiven to Borrowa or Leader wlxn givrn as pro�ided.in Wia paragrnph. � 1S. Guvetn{n�t I.r�;Sevenbllftv. This Security Instrument ah�ll be�ovemod by fedoral law and the l�w of the lurisdiction in ahich.the'i'ropeh}r ia lacated. In the eveat tluu�ny provi�i�n or clause of thia Securiry Inatrumrnt or the Note oonflicts with prpUcable law, �uch cunflict �d�ll aot affact other provision�of thia Security instrument or the Nae wtuch cw be Sivea eflect witho�u the oontlicting provi:ion. To this end the pmvisions of this Securiry Instrummt u�d the Note ue dxlared to be uvenble. 16. Do�rower's Cdpr. Borrower sd�ll be given ot�oonfonned oopy of the Nae and of this Security Instcumeat. 17. 't'rnada af t6e�ropa�ty or�BeudlcW I�a'rit In Dorrnwer. If�11 or my part of the Property or any intereat in it is wld or tr�af�ferrod (or if a benefici�l interest in Bormwa is sold or tnwsferral �nd Bocrower u not a natural per�oa) witbout Lreader's prior written ooment,Lender may,u its option,require immed(ue payment ia full of�Il sums socured by this Socurity In�munaat. However.this option ihall not be exercisod by I.a�der if exerciee is prohibitad by feder�l l�w�s of tde date of this Se�cudry Inuniment. If I.e�oder exercises this option.Lender sh�ll give Borrower noticx of�cceleruion. 'ILe notice shall pmvide a period of na leu than 30 d�a from the due the aotioe is delivec+ed or m�iled within which Borrower must p�y all surtu socured by this Security In�trumeat. If Borrower fula to pay tlxse aums prior to tGe expiration of thia period, Lender auy invoke any remedies permitted by thi�Secnriry In�aument witbout further notice or dernnd on Borrowa. ls. Don+uw�er's Ri�Yt to Rdmtate. If Borrower mats cenaln oonditbns,Botmwa sh�ll have the right to have eaforataa�t of this Securiry InstcuaKat disrnntinuod at�ny time prior to the urliec of;(a)3 days(4r such other period�s applicable law m�y �ecify for ninsuuemeat)before ule of[he Propecty purswnt to u►y power of s�le cont:inod in thia Secudry Wuninoeat;or(b)eatry of a jud�meat rnforcing thia Security Insuvment. Thos�conditions ue th�t Borrower:(�)p�ys L�ender dl sumi which then would be due uuder thi�Security lnstrument and the Note aS if no acaleru{on hd occurred;(b)cura�ay default of�ny otha oova�ats or �reementa; (c) paY: all expeasa incurred in enforcing this Securiry Inatiumeoe, lnclud�ng, but not limitod to, �+eason�ble utomeya' fea: wd(d) takes such �etion aa T.a�der may r�easonably requi�e to atsure that the lirn of thia Securiry instnu�at, L,e�nder'� righu in tl�ee Property and Borrower'a obtigation to pay thc sums secured by chis Security Instrument �Il ooatiaue unch�ed. Upoa nlnstatement by Borrower,this Socurity InstNment anct the obliguion henby shall remain fully effoctive sNqM F�nllr•FNwiN MM1FnddN AIMr10 UNIFOqM INSTRUMENT pw,y/yp , Paq�4 0}a In !al uFr vw.��p2