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<br /> condemmtian or whe►tddn�ot�ny paA of the Propohy.or for conveyaKx in Iku ot aaidenuuubn,aro he+oby wi�ned md
<br /> �iwll be p�id to l.aader.
<br /> In tho ovcnt of e Iaqi twking of the PmpeAy. tho �racecd� chdl be applicd to Ihe�ums �ecurcd by thie Secudty
<br /> In�trumem.whether or nd �he�►due,wi�h any aaoess paid to Bartower. In the event ot a pArti�l takin�of dtie Praperty fn
<br /> which Iho fAir market vulue of the PropeAy immedlptely bcfore thc wking Is equwl to ar gre�ter ihan tha amaunt of the sums
<br /> �ecurcd by this Socurity Instniment immediately beforo the taking,unless Borrower atid L.ender olhenvlso aaneo in writing.
<br /> �hc aums Recured by thio Secudty Instrument shwll be reduced by the amount of the proce,eds multiplled by the following
<br /> fraction: (n)Ihe total umount of the sum�securcd immedintely lxfore the�eking.divided by(b)the fair mukat value of thc
<br /> Pmperty immediately before the tuking. Any bulnnce shell be paid to BoROwer. In the avent oP A pwtial taklng of tho
<br /> Property in which Ihe foir muket value of tho Propeny immediately befo�a tiic taking id leca thun tho amount of the sums
<br /> securcd immcdiutely before the takiag,unless B�rrowcr w�d Lende�othenvise ugrce in writing or unlesa applicable law
<br /> otherwlr,e provides,the proceede aholl bo applied to�he sums securcd by thiw Secu�ry Incwment whether or not�he eume a�+e
<br /> then duc.
<br /> 1f the p�opeety is�wndonod by Bocrower,a if,aftcr ndicc by Lender to Bortower that tho condemnor offers to make
<br /> a�award or sett�a a ctaaim Ecx cla�retages.Barnwer fai[s ru cespoee�ro Lender wilhin 30 dayR af�er the date the notice Is given.
<br /> Lc��der is a�ettxiaiaad tQ co4Cect amd aip�yyr�lee pra'eeds.at its qpcwa.eirher�o rcstoratian or repnir of the PrapeAy or to Ihe
<br /> eums sxured by tlkic Servciqr len�ene�u.wt�ettoer oe�then 6wa.
<br /> �; Unless Lenc�¢e�nd Barvwec otR�erwiv�a�r.cc�eee in ovriring, %xep aPDGi�atax+of Proceed$to princlpal shall not extend or
<br /> postpone 1he duc date oi�he m�f�Payments refemcd to i�e pa�8s p a�,xi 2 ar ehen8e the amount of euch paynanta.
<br /> �� ll. Rorrower Not Releasc�; ForbearAnce By Lc�de� l�vt a �1�u�: Hxu�ion of Ihe time for payment or
<br /> , ' �, modification af amartizaUo�of the sums sccural by thie�Security Instrumcnt grantc�l my Lender to any successor in inteast
<br /> Il�bV.
<br /> • . �'a,:,��,���,__ of Bortower ahall not operate to rekase the liability of Ihe original Borrower ar po�rower�success�rs in Interest.Lender
<br /> ...;.�:�;•�`.r,x;'�rs�,`.. , xh�ll not be required to commence proceedings agamst uny xuccesxor in interest or re�use to extend�orru for puyment oc
<br /> :.�;!r';:;�' othenvise modify amortiu►tion af the sums secured by this Secu�iry Insuument by reason of any demond made by the original
<br /> � '•"'�`�': . Burrower or Batrower4�successorx in interest. Any farbea�nce by Lender in ezerclsing any right or remedy shall not be a
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<br /> •;,r~ , -1;;; ,� waiver uf or preclude the exercise of ony right or remedy.
<br /> .. .;�;,�,�,ri�:�_::ca,•..:' IZ. Successors and Asctgns Baund;Jolnt aed Several Llabflity;Caslgners� The covenants a�d agrcements af this
<br /> � �. ' Security Instrument shall bind und benefit the successons und assigns of Lender and Borrower,aubject to the provisions of
<br /> „ ;�;,:,•.;.�;,° ;�;.:!'`" ^� patngraph 17. Horrowenc�avenants and agreements shull be jaint and severnl. Any Borrower who casigns this Security
<br /> ;, •:"�,;•°'•� ��` Instrument lwt does not execute the Note: (a)is casigning Ihis Securi�y Instrument only to mortgage,g�tt and convey Ihet
<br /> • -.�•°' ' • Borrower's interest in the Prapeny under the tertns of this Security Ins�n�ment: (b)is not personally obligated to pay 1he sums
<br /> :'�ti':.�,".: • �- secured by this Security Inctrument;and(c)agrees that Lender und any other Borrower may agree to eatend,modify,forbeur
<br /> � " ° �• ' � or make any uecammodu�ions with regard Io the terms of Ihiss Security lnstrument or t!x Note withoul Ihat Bom�wer's
<br /> rl' .• '� �:'.� .: =s � . � ? conccnt.
<br /> °�'�"���< <-� � � �" 13. Loan Chor�tes. Ii the lonn secured by Ihix Securiry Instrument is subject to a luw which aets maximum loen
<br /> ;' , . . � chargez,and that IAw is finully interPreted so that�he interest or other loan charges collected or to be cofiec�ed in connection
<br /> , ��� � " " with the lonn exceed the permitted limils,then: (ul any such lot�n charge shull6e reduced by the amount necessery to reduce
<br /> . • ' ''���� the charge to the permiued limit;And(b)ony aums ulready collected from Borrower which exceeded permined limita will be
<br /> � • , refunded to Borrawe�. Lender muy chaoxe to make this refund by reducing the princlpnl owed under the Note or by making a
<br /> ', � . ' direct p•ryment to Borruw�er. If u refund reduces principul,the reduction wi116e treated a4 o partial prepuymene w�lhout any
<br /> ;� , prepuyment charge under�hc Note.
<br /> . ' • 14. Notices. Any notice to Borrnwcr pmvided for in thi�Security Instrument shall be given by dclivering it or by
<br /> ' muiling it by fint claxs mail unle��upplicuble law reyuires use of unather methad.The naice shnll be directed to the Property
<br /> � .. • Addrexs ur uny other uddresx Borrowe�dezignatcs by notice to Lendcr. Any notice to Lender sh�ll be given by first class
<br /> ���� - � mnil to Lender ti uddres�c stated hcrein or any ahcr uJdrea�Lender J�signutex by no�ice to Borrower. Any notice provided for
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<br /> `' �'� "°"� in thix Secudty Insnvment shall 6c decmed to huve Mcen given to Ba�rower ar Lender whcn given a.4 provided in this
<br /> '� :f . ::� . ., parugrnpb.
<br /> �°��""`� I5. (:uverninR Gaw: 5everability 7'his Security Inwtrument ,hull b�Rovemed by fedcrpl law and the luw of the
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<br /> y��"iP::;' � jurixdiction in which�he Propeny ix kxuted. In the evcnt thut uny provision or cluuse of this Securiry Instrument or the No�e
<br /> ��' "f: �•� `' " conflicts wi�h upplicnble law,xuch�anflirt xhuU not uffect other proviwionx of thix SecurUy Inx�rument or the Note which cnn
<br /> ��('?f:"''•'�. " , '., be given effect wi�haul the mnflic�ing prnvixion. To�hi�end �he provisiona of�his Securiry Inglniment and�he Note are
<br /> '�"':���;'.�� ; ' � � declured to t►e�evcrablc.
<br /> .�,,,,. . _ .
<br /> ��.;; ' , 16. Borrower's Capy. Borrower shull be given one cuMornicd copy oi ihe Note und of this 5ecurity in.�rumrul. -.�
<br /> , 17. 71�ansfer of the Praperty or a Beneficial Interest in Borrower. If ull or uny pun of tha Property or any interetit in
<br /> ;.,� ., � it is suld or�run+fcrrrd Ior if u heneficiul imerest in Borm�ver is,ald or�rc�n+ferred und Borrowe�is not u nnturnl penonl
<br /> •� ;,,r�:.. . without Lender's prior written ronsem.Lendrr muy,ut itr option,reyuire inimedia�e puyment in full of all sumx secured by ,_
<br /> � . '' this Se�urity In,trumcm. Hawevcr,this option shall not ix:exerci+cd by Lender iT cxerdse is prohibi�ed by federnl luw az of
<br /> , • � the date of Ihix Secu�iry Instrument.
<br /> ;� ;�..;�;., If l.ender exercixe.thi�:optiun.LenJrr sh�dl Eivc HoRUw�r notice ot'LCCelerutiun. The nulice shull provide a periad uf
<br /> � 'f � � ;y' �° not less than 30 day�from the dute Ihe nntice is deliver�d i�r muileJ wilhin whirh B�xruwer must pay nll sums secured 6y Ihis ,Y;»
<br /> Scrurity Imtnrmcnl. If Borrowcr f•ril�ta p��y thr.r +um�priur to �he rxpiratiun nf this periai, Lender muy invoke any
<br /> .�' '.: •„ remedirs permiucd by Ihi�Securily Instrumrm wilhuut t'unher n��lkr ur Jrmund on B��rrower. :-'
<br /> ` ��� '..•''`� 18. Borrower's Rl�ht to Reinslate. If Bom�wrr mretn certnin runditiun+, Bort��wer tihull havc thr ri�ht to have
<br /> (��, ;� � ' .. '�.''� � enforcetnent of thi�Security Inrtrumrn�Ji,c��nlinurd at any time pri�N���the earlier��f: (a►5 Jay+lor such nther period as �
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