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<br /> , condenrntian dr uther taiciag of any part oE d�e Pooperty.a far conveyanae 9n lieu of caidemnalio�.are f�ereby �
<br /> . shalZ 6e p�id to l.eader. � .
<br /> In the event of a toiat taking of th�Ptoperty.the proceeds s1�aU 6e applie�to th�sums secaced bg shis 5ecurity � .
<br /> - ' r��r�,._.+++�.,��vl�etfiera aot theg due,v�ith_any exass paid;ta Borcowrr. En the event of a Qartiai taicing of the Property-ie �-- ----
<br /> . wl�ich tt�.fair m�ricst watue of the Fi fope�fy.immediately befo�tlte taking is.PCjifal to or�eater tttan the amount of tik sums
<br /> socut�il by this Securiry Inswment immaiiacel}►6afoR tUe tatcing,untess Borrower and Leader otherwisr�gret in writirtg.
<br /> �s���fyy��u�icy Insuymeat shall bt reduced by the mnount of the pra�eeds multiplied by the fvllowing
<br /> < fraction: (a)the wtal a�nount of the swns socu�ed immediately before.the taking,divided b}4(b)the fair matket'vaiue of the
<br /> `Fropeity iaunediattfiy 6tfarc thc taicing. Aay bataace shgli be pvd ta Sc�aov4c� ia ilu:evdu s�f apartiat taltsng af tLe --
<br /> pivperty in`vrhich tt�fair mactcet vatue of the Property immedi�tely baforc the taki:►g is?ess tl�an the�mamt of t�e sums ,
<br /> see+md.unrt�ately befcr�e the talcing.ankss Bormwer aad I.e�der dhecwise agce m writing or untess applicable taw
<br /> - otheswise p�vidafi.tbe gcoceeds�a116e applied to the sums secured by this Security[asvument whett�er or not the sums are
<br /> t6en due. �
<br /> . . If.the Praperry is abando�rd by Bortowes,or if,after notice by Ixnder to Bom►wer tl�at tix condemnor offers to make
<br /> - an aarard or settk a cla�m Fa damages,Botrower faits to re�erd ta Lender within 30 daysafter the date�he notice is given.. .
<br /> i.ender is autlarized to colkct and apply d�e proouds,at�.�ption.either ta sestoration or repair of tfie:P.mperty or to the
<br /> -- sums secured by t�is Seeurity Insttumait,whethec uc'��s_�e. - ,> " �
<br /> �n Unless Lent3es'aixi$o�ro�ee odxnvise�;a��+;a�%;any applia�tl�z of pmc^�ds tn prineipat stsall not eatentl t� ;. :�:::.;,,
<br /> Postpor�e the d�e di�te vf.tUt��PaYr�ts;+�Feinoa a�ii�'�c�a-�,3=.or ch�e't�e amount of sach Pay'me�: ."
<br /> ��' 1� gbr�orrer 11fu�.Relesse�; Forbe�o�-BS,�e�dcs��ut.a�:.,'Kac''��e+C ..��.siu�n:'of the time for PaY�e.mt;•� ... ... �.
<br /> - modificatiott ii�a�mvKnatwn of tt�e sumc secui+�d bg iit�s Sa.T•.;r:ws����t��k��.enit��t io art�successor ia int�si- .:,, -•.��:=...
<br /> :` of Baauwei si�il m�i,qxtate to rciease th�lia6itiry of ttni ar",.�na1 Bcac���c!cv noira$�'s'successois in intera�t.L.ender _
<br /> a= fiioq�tind �nSs a�i��ny successor in iiitei�est oc reftrsz m eatend time for payment or --
<br /> sha1l iciQE t�e to commence
<br /> -,?�,�'� -- .- - otherwisa modify amonization of the sums secvred by th"s Security Insaument by reasor►of any demand made by the.original —
<br /> --�.r7 Boimwer or Borrowera succes.gocs in intenes�. Any forb�uance by Lender in exercising any right or remedy shafl not be a �___
<br /> _�-=;h waiver of or prcciade the eae�ise oF any right or remedy.
<br /> 12. S�coessors�sd A�Baad:Jaint and Sevuat L.iabil[tY;Grsi�ers. Tbe covenants and agreemeni�of this • .
<br />�;.' ` Security Instrumem sha�t bind and benefit the successors and as�iges af E.ender and 8orraw��r subject tc+the provision.c af - , �v__
<br /> paragraph 17.8ortawer s covenan�ti and asreements shall6e joint and several.Any Boaowc�•wha ca.igns this Security ��
<br /> _- --{�y¢�6ufdae�noi exe�i�ttte-iVate�(�)i4co-signing thir Sccu�ity Instrum�nt only_ta maRgage.gr�nt und canvey that ��,�,: _
<br /> ' - Bnrrower's intenst in the t�mperty under the tecros of thic Secarity tntitrument: 1 b)i.nat penesnaily ohligatrd tu p•ry i[k aum+ - � �_-.
<br /> .�.�.��- ,
<br /> .� se�ured by thi�Securiry instrument:and tc►agrceti ihat I.ender and any othcr Bortawcr may ng�cc to rxtend.mudify.fiwNcar �-,-�.��_.
<br /> or make aay ac.commodations with re&urd to �he[erms af this Security lmtrunknt or thc Notc withuut thut Burruwer� s�..=��
<br /> - , • cansent. � . .''
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<br /> 13 I.00n Chsr�es. If thc I�n�ecured by this Security la.trumene ic :ubjcct co•r law �hich.etr maximum t6an �"��---
<br /> cf�ges,aix!that law is finally interpreted ha that the interest ar other to;�n charges c�llected ex to be coltectcd in conneciion ��''''-�'
<br /> � with the laan exceed the pertmtted liimt�.tben: tal any'r;uch foan charge sh.lili he rcduced by�he amount nececsary ta redure �' —
<br /> the charge to the permitted timi�and(b)any�ums afready callecied fram Borrower whicb c�:c.eedcQ permittcd limits wit{be ________
<br /> '. refw�ded to Bortawer. I,endes may chaase to make this mfund by reduceng the principal owed under the Note ar by making a =--_
<br /> . ,. dizr.ct payment to Borrouer. IP a tefund reduces principal.the reduction will be treated��a partial prepayment w�thaut any �%
<br /> , _ ;*- prepayment charg�under the hote. . � ;s`�
<br /> � -� 14. Notices. Any natice to Borrower provided for in thiti Security Inswment shall be given by dclivering it or by -�"�'r.�.--:T
<br /> '` ' mailins it by fint clu�muil untess applicable luw rcquires use of anothermethod.The notice shall be directed to the Property ' _�;i- �`;: �
<br /> � Addtess or any ather udd[ess Borrower desi atcs b notice ta Lcnder. Afl notice to[,ender zhall lae given by fitst class �' �" "� • _
<br /> g,,, y y a� ��,�=M-�,�, ;-
<br /> � mail to Lender:s address stated herein or uny other address Lender d�ignates fiy notice ta Borrower. Any notice provided for
<br /> - �•� `, in Ihis Security Instrument shall t�c Jecmec!to have been �iven ta Borrau�er or Lender when given us provided in this � � ;. �:___.;"-�`
<br /> P�'AE�Ph• • ,�.,� _
<br /> �' . 15. Governing Law:Severa6ility. This Security Instrument yhall be governed by fecteral 1aw anG the law of the
<br /> :� ?��'�;:_:.:-
<br /> jurisdiction in which the Prope�ty is located In the event that any pravi�sion or clauve of thia Securitc•tns�nament or th�1�Sate .; y4,;,;;
<br /> :e
<br /> conflic�s with uppticabte law,such conflict shall not aifect ather provisicns,af thiti Security In�trumeat orthe Nate which can },r.�.�'••;;
<br /> �'� be ven effect w�thout the conflictin pru�is.+on. To this end the pra�'sxi:ms of this 5ecurity ln,tro;nent and the Note arc �.
<br /> ;`;���� decl�ared to be severabte. S . � � t�:. � _
<br />. • 16. Boerower's Capy. B�rrower shall be given one confarmed capy of shc Note and af this Securit Instrument. �y� �`i�:''��"'.-
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<br /> 17. 7'ransfer o�the['roperty or u Ncneticlal l�te�cst in Borrower. If all or any pan af the Prapcny or any interest in , _
<br /> .' �
<br /> it is cald or trac�s#'crred(or if a beneficiAl interest in Barrawcr is s�td or[c�ssferred s�nd Bonower iw nat A natura!person) �~'' `'���. �'
<br /> ';�` :�. • . •�;:�:�'••.'.,�,,
<br />' " withaut Lender's priQr written consent.l.endcr may,at its option.rcyuire�.�:^-rdiute paymem in full af all sums securcd by �j���;,;,.;:}�':
<br />- . .i��:''=w. thi.v 5ecurity InsFSUment. However.this option ShaU nai he exerci�ed by E.�dLr if exercise i�prohibited by federal law as af �t::r .,,'�,:,���_
<br /> �� the�te of th�c Security lnstrumenG f. ;:,�•
<br /> � f,; Ff L,endet exereise�this aption.l.ender shall give Bormwer notire of acceteratian. The nntice rhall pravide s�criod of T�� , �` �
<br /> � aasl��s than 3Qdays from the Qa�te�he nntice i�delivered or maited within�'.tich Boaower�nust pay dll�ums tiecuced fiy this ��::,,T;_�l.;;c;__:
<br />, - `.�:%'�1�� 5ecurity in�trument. lf BonaR•er fail�ta pay thesc �umy prcnr�o �he exr:r��ion�nr'�6is perind. Ixuue� uray ;nvuKc ans �-� -. .
<br /> � ''""`"'' mmedies pcmiitted by this Security lnstrumcnt withaut iunhc�r n��ticc�►r de^:azd��n Borrower. , •
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<br /> ;-•:�,_. 1S. Bprrower's Rigbt to Relnstate. If Borf��we�nucts ceAain�car.dilions, Horrowcr•hal! fi►av� tbe right to have
<br /> . �., enforeement af'thiti Security Instrument diKnntinucd al�ny limr priar tn ihe earlicr o.°: la�5 Juyr Ic�t�uch��ther pericxl a� `::.��,'��. , .
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