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<br />� �. 122103th 9 Condemnation. The proceeds Of any, award or claim for damages, direct or coraTe9quential.
<br />any condemnation or other taking of any,part;of0c Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the, Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument. whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multipRod by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair,market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by, Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />mare an award or settle a claim for damsgek Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to cofltct and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Securily.tnstrument, whether or not then due.
<br />Unless Lender and Borrowerotherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearnm By Leader Not a Wslver. Extension -of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required do commence proceedings against any successor in interest or refuse to pgind time for
<br />payment or otherwise modify amortization of the sumsse = red by this Security Instc,,cment by reason of anJ7. rand made
<br />by the original Bcnrower:o-; Borrower's successors in interest. Any forbearance by Lender bi exercising auy:r", i ' or reMO&I .
<br />shall not be a waiver afarpret3udethe exezid a of and ash t or remedy.
<br />11. Suers an8 ss#gnr Bound, Mint aimji Sererd Lfabllity; Co•slgnK*s, ��;� c�k'znants. and �- = :i 9F
<br />t tmssace rity instrument sbAl bindandbenefit the suozmers and assigns ofLeader�i -�i5 o=.wes,subjectto�ee.�rae�a�,
<br />o,. psc*r raph 17 Borrower's coax ants and ageem=as s rte? 1 bejoint and several, Aug i7�r who co-sigst�s t Seet:�'
<br />iustr > ie ,2 bat des not exec pie Vie Noti: •: (a) ss co-sigry� t's; s tgr Ins ra��t o� Lm to ir, , , ,,.VM &emit d cc",:
<br />t119i F1urmw zi s ntezctst in.the 2r6perty a ltd r 6 termsaftsms 5a :rid, Instruit-, e€»(ai) is not p na tie; 4+'ffrAi #
<br />the siirms sec-.rred'.by° 11b is Security, Instrument; and (cT z$n= taa:' Unler and a ny cuter Borrower may age to extend,
<br />rnodafy, forbear or mAke any accommodations with repni to the o--�s d t xis $a;.urity Instrument or the Note without
<br />that Borroweesconsent.
<br />12. Loan Chugm If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />neressary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender., at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method, The notice shalt be directed to the
<br />Property Address or any other address Borrower designata by notice to Lender. Any notice t d fir. - .idea shall be given by
<br />first class mail to Lender's address stated herein or any other addresu, Sender designates by need: to IlOrrower. Any notice
<br />provided for in this Security Instrument shall be deemed to luxee: ll*t i. y!ven to Borrower or Leader when given as provided
<br />in this paragraph.
<br />115. Governing Lair; Severability. This Securi.tp Instrument shall be gaver:ied b;y federal law and the law of Vie
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or Ott
<br />Note conflicts with applicable law, such conflict shall rot- affect other provisions of this Secac ty Instrument or the Note
<br />which can be given t-'Pfrct wjthrr:t the conflicting provision. To this end the provisions of this Security Instrument and fhc
<br />Note are declared -to be severa'bu:.
<br />16 Borrower's Copy. Borrower shall be given one conforme2 ". ,o2py of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Bneflcial Interest in Beirimxer. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) S days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (h) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security instrument, including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may
<br />rease).-;:bly require to assure that the lien of this Security instrument, Lender's rights in the Property and Borrower's
<br />iii-un to pay the sums secured by this Security Instrument 51t ?t ccn- irl'ae unchanged. Upon reinstatement uU
<br />& �r,;-wer, this Se unity lnstrurnent and t'._e cl,:,ligations secured herd , tin'i re:, z:, ;idly effective as if no acceleration hu.41
<br />oscii raw;. However.. ihis right to reinstate shall not apply in t+.'r_e ��e �� r,�a ;a�L tom-, G; ^der paragraphs 13 or 17.
<br />NNAI MAItvtFOPUM Co% -Atthr Borrouver and LznA;.0 f,• �> ; ��� •ti�x__ :i = =' as follows:
<br />IS. Accelerar nw Remedies. L slow fall give itZlx to ifiWM;wk_,_ prior to acceleration follo+►irg Qrecc+ac '
<br />breach of any a.Lrtm;v. or agreement in this rity Instrument (bat m,.0 q Kor to acceleration v di:r paragrap$s E3 s-_d 11'
<br />aaless aDPlicafita' 11t'nr provides otherwise). 'Bite notice shall specify: ;a) the default; (b) the action required to. care &e 1r,
<br />default; (e) a dace, Qot leas than 30 days from the date the &)Cce is given to Borrawev, by which the defa>:Lt WMt see carcd:
<br />a" (d) that fallurt to cure the default on or before the date, speeded in the rebore may result in acceleouium of the sums;
<br />secured by this Security instrument and sale of the Property. Tile; e+ lice shall further inform Borrower of the rlgha to
<br />relastate after acceleration and the right to bring a court action tc� 25.sert the non- existence of a default or any other
<br />defense of 00rrOwer to acceleration and safe. If the default is not cured on or before the date specified its the notice, Lender
<br />At its option may require immediate payment in fall of all sums secured by this Security instrument without further
<br />demand and may Invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to
<br />collect all expenses incurred in pursuing the remedies provided in this paragraph 19. including'. but not limited tn.
<br />reasonable attorneys' fees and costs of title evidence.
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