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<br /> -- „ .4.��1 `_g�..:�. 345386 _ . �
<br /> ;` �ac aher tafcing of any pait ef th�Ptupeity.a fP�rnnveymke in Gea of eaWemnalion.aie t�eby assigned and ` --
<br /> ; , shsll 6t ptid to I.ender. , ` ,:• ` `
<br /> ` [n thc e�(ent of a total taking of the.Pcoperty.the p�veeeds sh�U 6r appfied to the sums secaced by.this Sccurity. = '
<br /> ---�� - ---_- _.fnsmimenl, _w_he�her or not tlxz►dut.with�ny_oxcess paid ta&�rmwer. En the event'of a pattial taScieg of the Ptopertyr in .
<br /> the Sums 6 this Security.Ltsuument sb�ll he teduced by the amount of the��t�c�.�eds muitiplied by the following
<br /> fr�ction: (a�ot�ru af the sums secured immedi�tety befoc�e the takiisg•drv�ded 6y(bl�fair marfcet vatue of tiie
<br /> Ptope�ty imm�atety befonc die t�lcing.` My trrf.snce shail be paid ta Bo�cawcr_ tn the evEat of�pattial.taking flf the • � - .`
<br /> ` pmpertyin which ti�e f�ir markot value of the Proper�y ima�edFately 6efore the taking is i�s than the amount of the sums
<br /> � ' � secuned immediately hefae t6e takit�g.unless.Borrowec and I.ender otuerwise agee in wrising or uate�s appiicable faw ,
<br /> ' oti�e�wise pcouides,the�oceeds shal!6e appli�to the sums secrec�ed by this Security lnst�mene whether or not the sutns at�e
<br /> � tden due. • �
<br /> If the Fropeity is a6andoi�ed isy Bormwer,nr if,after notice by Lender to Borrower that tbe condemnor offe�co make
<br /> an award or settk a cTaim fot damages,BarroweE faits to respund to Lender within 30 days afeer the date the notice is given. •
<br />-- Lender is authorized to callect and apply the prnceeds.at its e�pcion.either to testoratiaa ar repair of the Praperty or to the
<br />.--=�° — swns sa�md by this Security.lnswmrnt.whetheror not thert due.
<br />:�. Untess i,ender and Bomnwer otherwise agr�e in writing,any applicarion of proceeds to principal shall aot extend or
<br />:r. postpone ihe due date of the mant}�IY payrnents neferred to in paragraphs 1 and 2 ar chan�the amount of such paymeius.
<br />- • Il. Bqrra�rer Not Rde�sed; Farharance By Lender Not a Waiver. Eutension of the rime far payment or
<br />._y madification of amortir.ation of the swns secured by this 5ecurity Instrament granted by I.ender w any saccessor in interest
<br />?;�r of Borrower shall nat opernte to r+elease the lia6ility of the original Hdrrawer or Borrower's successors in interest Lender
<br />_--_ shal�not be nequired to commenee proceedings againsc m►y successor in iaterest or refuse to eatend time for payment or � _.
<br /> od�wise modify amorti�ation of the sums s�ecured 6y Wis S�u+ity tnstrument by reaso�aY any demand made by the original
<br /> Bannwer or Bomnwer's successars in imerest. Any f�by Lender in eaer+cising any right or rcmedy shaU not 6e a
<br />` , waiver of or pneclude the exercise of�any sight or remedy. ` -
<br /> � 12. 5uucessors and A�Hound;]oint Aod 5ererp!Liabititq;Co-signers The covenacn.c amd agreements of this .
<br /> ,� Security Inctrumeat shall bind and benefit the succe.ssors and assi�ns of l.ender and Borrower.'svT�ject to the pr+avisions of � �—_
<br /> �� 17. Borrowert cavena�►ts and ments shall be'oint and several.M Boaower who co-signs this Security ��'�
<br />, ;. patagraph � ! Y �=-__-
<br /> Iastcument 6ut.does aot eaecute thc Note: (a);s co-signing ttLis Securiry Instrument only to mortgage.grant and convey that -_=-�_
<br /> Botrower's interest in the Pmpe�ty uader We terms of this Secarity InstMnenk tb)is not persor�ally obligated topay tbe sams° � ��.,.
<br /> • ,`, T secured by this Security instrument;and(c1 agrees that Lencfer and any other Borrower may ag�ee to�xtend,modify.forbear �;"'���
<br /> - or make anyr accommodations with regard to the terms of tfiis Security Instcument or the Note without t}uzt Sarrower's =__-----
<br /> • � wnsent. =�:=.^
<br /> �ri 13. I.oaQ Charges. If the loan seCUred by this Securiry Instnm�ent is subject to a law which sets maximum toan ___ __
<br /> . charges,and that law is fina11Jr int�rpreted so that the inten�st or other loan charges col�ected or ta 6e collected in connection . �
<br /> with the loan exceed the pertnitted limiu,then: Ia)any cuch loan char�e shall be reduced by the amount necessary to redirce -
<br /> " the charge to[he permitted limi�and(b)any sums already coltected from Borrower which eaceeded permitted limits wiU 6e - --
<br /> R;funded to Borrower. Lender may choose to make this refand by m4ucing the principat owed under the Note ar by making a ��
<br /> dire�t payment ta Borrower. If a t�fund nduces principaT,the reduction wilf be treated as a parti�l prepayment without sury ' �.��t::
<br /> _ p�payment charge under the l�tote. . —�r=
<br /> 14. Notkes. Any notice to Borrawer provided for in this Security tnstrument�hall 6e given by delivering it ar by ��%-`�'�'`_-�`
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<br /> � maiting itby first ciass mail untess applica6le law reyuires use af another mcthad.The notice shaii be directed to the Pcoperty ...�a,�- -. _
<br /> , AddcBSS or airy other address Borroaer detiignatec by natice to L.ender. Any notice to Lender�sfiall be given by first class •• . =
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<br /> � mail to Lender's address stated herein ar s�ny other addresc Lender ciesignates by notice t�8ormwer. Any notice provided for .
<br /> in this Security Instrument shaH be deemcd to have been given ta B�rrower or L.ender when given as pravided in �his ��. ; ;
<br /> • ' ,� Para$raPh• - ' -
<br /> t' 15. Governing Law:Severability. This 5ecurity In�trument shall be govemed by federal taw and the law of the . . ;
<br /> • ' 'x?� jurisdiction iD whicfi Ihc PropeAy is tacateA. In the event that any provisiun or clause of this Security lntitrument ar tfie IYat�
<br /> • r::;; conflicts wnh applicabtc law.sucb conflict yhall nnt affect ather provisions of this Security In�trumeat ar the Note which can' . _
<br /> . be given effcct without the conAicting provi�ian. To thix end the provisians of t�+�Security instrument and the Note Are . _
<br /> declared to be severable. ' ' °
<br /> � • 16. Barrower's Copy. Borrower sh�ll be giyen one confortncd copy af the Note and af this Security Instrument. , . • _
<br /> 17. 7lranster of the Property or a Beneficlal lnterest i�8orrower. If all or any pan of the Praperty or any intemst in _ .' •
<br /> . . ,. It is sold or transferred(or it a beneficial intere�t in Baaawer is sotd or tran�ferred and 8arrowcr is not a natural pertiun► �...<��.,
<br /> . . - without Lcndcr:s priar written conscnt.Lendcr may.at itr aption,rcquire immcdiatc p�.►yrn�nt in full of all.r•umv secured by -
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<br /> . ' thia Security Instrumen� However,this optinn shall not be excrci.ed by Lcndrr iP excrei�c is prahibited by federal!aw as af � _-
<br /> the date of this Security Instrument. .
<br /> . !f Lcndcr cacrcites this aplion.Lender shall give Barrawer notice uf a�cccicr.�tion. The notice tihall provide a perial of `
<br /> •�- not tess ihan 30 dayx from the date the rtrsice is delivered a m�ited within which A�mower muht pay:�ll.ums secured by this ,. ,
<br /> Secnrity Instrumcnt. lf Bnrrowcr lait�e�pay thexc �um�priar to thc expir:uiun��f thiy period. Lcndcr muy invi�ke any .
<br /> . - ..k�•� � remedies permitted by thi�;Security Instr•ment withaut funher nmice ar demand un Borrawcr. �`�
<br /> , `�' � '. 18. Borrower's Ytip,hl tu Relnstat� If B��nower mcets certain c�mditions. B�m�+«•er�hall have the right to have
<br /> ' �-N' enforcement of this Securiry Inti�rumen�ditcuntinurd m:�ny time prinr ta the eadier of: lar S.day�l��r.uch��ther prri�d a� •
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