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<br /> ��_� candemnatian or wher�oking of any purt of Ihe Property.or t'or canveyonce in lieu of�Conderrmn�ion,ar�e hereby assi�ned wid
<br /> �hall bo paid to L.ender.
<br /> �� - In the event of a total tnking af the Property, the proceedx r;holl be uppfied to ihe sums �ecured by �hix Security
<br /> Inxtrumem,whethcr ar not then due, with pny excess pafd to Somower. ln the event�f u punial�eking af thc Pmperty In
<br /> ;- which Ihe fnir merket vutue of the Raperty immediately before thc lukiog ig cquul lo or grcatcr Ihan the umount of the Rums
<br /> - �ecurcd by thia Security Instrumcnt immediately befare�hc taking,unlesy Bormwer und l.endcr otherwise ugt+ee in writing.
<br /> the suma sccurcd by this Secur�ty Inslrumcnt Khull be reduced by the umaunt of tl�e pmceeds multiplied by Ihe following
<br /> " - fruc�ioo: (u)the totai umount af Ihc xumr r�urrJ immediatcly tscfonc thc tuking,dfvided by�b)thr fair market valuo of�he _ .
<br /> - — Propeny immediately beforc ihe tuking. Any bulance shull bcr puid ta BuRawer. In �he e�ent of u partiol takfng of the
<br /> -- --- -- Prapeny in wbich ihe fuir market vuluc uf tlre Pruperty immedintely before the tuking is Ieqv thun�he umount oi the �um�
<br /> recurcd immediately before �he laking, unless Bormwer uod Lender otherwlse ngree in wriiing ar unle�s upplicable tew �
<br /> _. otherwir+e provides,the proceeds shall be upplied ta the sums rrcured by this Security Ins�rument whether or not the 4um�an:
<br /> '= Ihen due.
<br /> — If tho Praperty is ubundoned by Barrower,ar if,nfter notice by Lender to B�irn►wer thut the ca�demnnr offer�to make
<br /> :��,� un nwprd or senlc u cluim far damages,Borrawer fails Io respond to Lendcr within ill dnyr uficr the dute�he notice ix given, --
<br /> __A;� Lender is authorized io collect und upply the praceedg,ut ita aption,either to r�estorntian or repuir of the Propeny or to th�
<br /> - .,—� sums secured by lhis Security Inwirument,whether ar not�hen duc. --
<br /> -- Ualecg Lender und Barrower athenvise ugree in writing, uny �pplicution of proceedx to principul shall not extend or
<br /> —���;H.� posipane the due date ot the monlhly payments r+eferred ta in puragruphw 1 und 2 or chnnge the umount af such paymenis. -
<br /> 11. Borrower Not Reles�sedi Forbearence By I.ender Not a Walver. Extensian of �he time far payment or
<br /> �_�� modi�cntion of amanizution of�he xums secured by this Securlry Inslrument grnnted hy I.�nder to uny successor in interest
<br /> _-•�� of Borrower shull not operute to mleuse the IiAbiliry of the originul Burruwer or porrowert succexsor�in interest.Lender ___
<br /> __�r:�� shall nat be required lo commence proceedings aguinst uny tiuccesxor in imerest or rePuse ta exlend time for pnyment o� —
<br /> otherwise modify amorliwtion af the sums secured by this Security Instnrment by renxon af uny demund made by�he ariginal
<br /> �� �_-`�"�� Bortawer or Borrower�successor�in intere.r•t. Any forbeurnnce by Lender in exercising uny ngh�or remedy shell ix►t be u -
<br /> --.-=�;_;: waiver of or preclude the exercise of any dght or remcdy.
<br /> -� �: 12. Successors and A�slgna Bound;Joint and Several LiabiUty;Co-signere. The cmenants und ugmemants of this
<br /> _�'�;Lb���- Security Inntrument shull bind nnd benefit �he successor�und assigns of Lender nnd Borrower,subject to the provisions of _
<br /> purugmph 17. Barrawerg covenanls nnd agrcements �hall be joint and severul. Any 8orrower who co-signs this Security
<br /> ;?'�,�f_�,�� � Instrument but dces not executP the Note: (u►is co-signing�his Securiry Ins�rument anly to mort�age,grnnt and convey�hut _
<br /> --_'_-'?�+ Borcower�inrerest in the Property under the terms of this Security Instrumcnr, (b)is not penonully oblignted to pny the sums -
<br />"--- ��"�=t� ��• �e:cured by this Security Intitrument;and(c)agrees thut Lender und uny other Barrawcr muy ugrec�n rx�end,modify,forbeur -
<br /> _sa�q:�:�.
<br /> - =.._r'R!.""�'�. �� or muke any accommadutians wi�h regard �o the terms of thig Security In4lrument or the Note without �hnt Borrower's __
<br /> ����s�.� : consent. --
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<br /> _�'".�-c.��•,_ 13. L�uan Chat�es. If the loan secureJ by this Security Instrument is sub,ject lo u luw which sets muximum onn
<br /> - ''!�`� ch es und thut luw is finall mtc reted xo�hut the interext or oiher loun churgex cnllec�ed ar ta tx:collected in connecti��n =
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<br /> �� ' +,� - with the laaa exceec!tl�e pesmitted Ilmtts,then: !a?uny yach I�nn chnrge xhull he reJuced by�he amount necessury to reduce
<br /> -- "�!�-���� � the chnrge to Ihc perniined limit:und Ib)any tiums alreudy collected fram Bom�wrr which cxceeded permiueJ limit�will be
<br />---�,� +� �funded to Borcower. Lender rnuy choose to mukr thi+refund by reducing the principul owed under the Nrne or by makinF A
<br /> __ ! !;aN":;�,"``' direct puyment to Borrower. If u mfund reduces principal,thc reduc�ion will be treatcd us u purtiul prcpayment withnut any
<br /> _=`°�"�°"'�'""�u' prepayment churge under the No�e.
<br /> --_ �^ � Vy�' 14. NoNces, Any nntice �o Borrower provided far in this Security Ins�rumen� shull he given by delivering it or by
<br /> _ �" ,� _.,,:�• mailing it by first cla�s muil unlr�.applicublc luw reyuire.uu:iif unolher methal.Thc notice xhull f+e directed to�he Propeny
<br /> ---- �'��� Address or uny other uddretis Borcower dexignates hy noticc ta Lender. Any n��tice to LenJer tihnll be given by iirst clu�s
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<br /> --��� . . muil to Lender's address slated hcrein ar uny other uddross Lcnder designulcx by naticc to Bomnwer. Any notice providcd fix `_
<br />=-:�V. L�-:��� in this Securiry Instrumen� xhull be Jecmed to huve hecn Fiven to Bortvwcr or Lendcr when given uti provided in Ihi+ _
<br /> —.,�., ...,;r,:. pumgruph. a.
<br />`�`n'��'•,-r�ai►� lS. (:overnln� I.Aw; Severabillty. Thi� Security Intitrument .hull tx guvemccl by federul luw und thc luw of ihc -
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<br /> _ �• . , jurisdiction in which the Propeny iz kwateJ. In�he cvcrn thut uny prmi.ion ur cluusc uf this Serurity Ins�rumrnt or�hc Note
<br /> ��'�"""°',�"L�`�t'.� canflicts with upplicable luw,tiuch c�mtlict shull n��t i�t'1'ect ulher pmvi,ion.i�f�hi�Securiry Ins�rument ur the Nule which cun _
<br />:���;� „ .'" .. " be given�fPect without the mntlicting provi.ion. 'R�this end the pn�vision+of thi. Security In+trument unJ �he Note ure =-
<br /> •- . dcclnrcd�o Ix xrvcrablc.
<br /> - __-_ • ` 16. Burrower'4 Copy. Barrower�htdl he givrn onr cunfomieJ cupy of�he Note unJ of�hi�5erurity In�trume�i�.
<br /> _ .�,�',�'�S::_=�;, _ l7. 'I�onsPer oP the Property or a Reoeficial lnterest in Burrower. If all or any part of�he Pmpeny or uny inlerc.�in
<br /> r s�:�-m-T - - it is xold or tranxfrrred(ar if u ixneiicial intcrc.� in Borrrnvcr is wld or truntifcrrcd und Borrower is not u nutural penon►
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<br /> �:_� �.•,,;,, wilhout Lender:prior writtcn conscnl. Lender may.ut ii.r ��tion.rc��uire immrJiutc puyment in full of ull sums xccureJ hy
<br />===�'f.;�`•';•�•�� this Sccuriry Instrumcnt. However,thi,o�i�m shull not hc cxrnixed by Lcndcr if excrriu is prohibited by f'cdcrol luw u+of �_
<br />-:`.�;�.� ;,,�,,..,_�., the date of this Sccurity Inslrumcm. -
<br />===�a� T , .,� ti •- If Lender cxcrcixe+�his ootiun.Lendcr xhull givr Borrowrr notice of ucceleruti��n. 'I'hc notirc xhall providc u pericxl�i' �
<br />-��+�`.�•�•�`•�'�'��r�• not lexti thun 30 duyti fmm ttx dutc thc notirc i.dclivcrcd or muiled within which Nurru�vcr mu.�pay ull sum.�ecurcJ by ihi� �,
<br /> :r�t � _ . Security Instrument. If Born�wer fuih tu pay thc�r �um�prior to Ihc expirutian al� Ihi. periud. Lender muy invoke uny -
<br /> .';r �, .. • ` � remedic+pr:nnittcd hy thix 5ecuri�y In,trument wi�hout 1'unhcr n��ticc or dcm:mJ on B�irruwcr. ....
<br /> ' . � ' .. IS. Borrnwer's Rishf to Reinxtate. 11' B��nowcr mec�+rrnain runditiun.. Bon•ower �hall huvc Ihr rigln tu h•rve _
<br /> ' enforcrment��f thix Securiry In.trument di.con�inurd ai:un•lime prior to ihe r.vlier��f: (:U S Jay.l�►r.urh ath�r�xriixl :i.
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