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<br /> oondemn�tbn or dher ukla�of my p�rt af�he E�eKy.or for convoyanco in lieu of c ars het�ebY uaiW�ed+u�d
<br /> Y�u ee p�w i.�euoer.
<br /> In the event of a tat�l takiny d�ha Rq�erty, she proceeda sh�ll be applied to the surru �eeurod by this Sec�uity
<br /> lntttument,whether or not tl�en due.wlth any exceu p�id to&xrowec In tho event of a pwtial takin�of tt�e Propecty in
<br /> which tht fair market vdue nf thc Pt+opcRy immodi�tcly before the txking is oqwl to or grcater th�n the amount oP the:ums
<br /> �ecwrd by thit Sccurity Insuument immediataly betorc the Wcing,unlesx Bomawer and Lender otherwise�gr+ee In writin�.
<br /> the wms�eewed by thi: Socurity Inswrt�t �11 be roducW 6y the amonnt oP the proc:eods multiplied by the following
<br /> ------- --------- fr:,ction: (a)the total amount of the sums securcd immedintely F+eforo the tnkirtg,divlded by(b)the fair market value of the _
<br /> Property immediuely befarc the uking. Any ba1wK.�e �hall be paid to Borrower. In the event of a purtial uking of ihe:
<br /> Prope�ty in wh�h the fiir muket value of the�roperty immodiately before the taking is tess than che amount of th�sums
<br /> exurcd lmmediately before the teking, untess BoROwer and L.ander otherwise agm in writing or unless applic�ble liw
<br /> oti�ervvj�e provide�,the Praroeda shall be applied to tho sumi Recured by thic Security lnswment whether or not tha wms ar�a
<br /> tUen due.
<br /> If the Propetty is�u�donod by Sorrower,or if,after notice by l.endcr to Batowcr thut the condemnor offers to make
<br /> an aword or settlo A claim for damages.Borrower fails to respond to Lender within 30 dnys after the date the ncuice is given,
<br /> Lender is authorized to collxt �nd apply the pcocads.at iu option.either to rostorAtion or rcpair of the Property or to the
<br /> wms secured by this Saurity Inswment,whether ornot then due.
<br /> Unless Lender and Borrowcr othenvlse agree in writing,any application of proceeds to princlpul shall not extend or
<br /> - po�tpone the due due of thc monthly pAyments referrcd to in paragmphs 1 and 2 or change thc amount of such payments.
<br /> 11. Borrower Not RelewKd; Forbearance By Lender Not p Waiver. Extcnsion of the timc for payment or
<br /> madlfication of arnortlxation of the sums secured by this Security lnswment granted by Lender to any successor in intercst
<br /> af Borrower shnll not opernte to release the liability of the original Borrower or Borrowerk successors in interest.I.ender
<br /> = shall not b� required to commence proceedings against any successor in interest or�+efuse to extend tinte for payment ar
<br /> othuwise modify amortization of ih�sums securcd by thi�Securiry Instrument by reason of any demand made by tha oriQinal
<br /> Bo�rower or Borrower�s successors in inte�+est. Any forixarance by Lender in exercising any right or remedy�dl not be w
<br /> - wxiver of or preclude the exercise of any right or remedy.
<br /> 12. Successors and Asci�ns Buund;doiat and Several Liability;Casigners. The wvenants and Agreements of this
<br /> - Security Instrument shell bind and benefit the successors and s►ssigns of Lender and Bomower.subject to the provisions of
<br /> "`°� paragrnph 17.Borrower's covenants and�greements shall be joint and several, A�y Borrower who co-signs thls Secudty
<br /> __ Instrument but dces not execute the Nate: (a)is co-signing this Security Tnstrument only to mongage,grant and canvey that
<br /> _ _- Borrower's intecest in tht Properry under the tertns of this Securlty Instrumenr, (b)is not personally obligated to pay the swns
<br /> — securcd by this Security Instrumenr and(c}agrees that Lender and uny other Borrower may agr�ee ta extend,modify,forbear
<br /> or mtice any�ccommodadons with regard to the terms of this Sect�rity Instrumeni or the Notc without that Borrowor�s
<br /> – —
<br /> cansent.
<br /> . ___ _ .� 13. Loan Cbarges. lf the loan secured bv this SecuritY Instrument is subject to a luw which sets max�rnum oen
<br /> -- charges,and that law is finally intcrpreted so that the interest or other iaan charges coUected or to be collected in connection
<br /> with the laan exceed the permitted limits,then: (u)any such loun charge shall be reduced by the amount necessery to reduce
<br /> the charge to the permitted limit;and(b)any sums alreudy collected from Borrower which exceeded permitted limits will be
<br /> �_±n.;: refunded to Borrower. Lender may cNoose to make ihis refund by reducing the principal owed under the Note ar by makiog a
<br /> � dinect payment to Bortower. If u refund mduces principal. th�reductian will be treated as a purtiat prepayment without any
<br />— prepayment ctu►rge under the Note.
<br /> 14. Notieea Any notice to Borrower provided for in this Security Instrument shall be given by deliverfng it or by
<br /> mailing it by first class mail unless applicable law mquires use of unather method.The notice shull be directed to the Property
<br /> d ess or an ot r nddress Borrower desi nutes b notice to Lender. An notice to Lendcr shnll be given by fir.ct class
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<br /> y S Y Y
<br /> mail to Lender�s addmss stated herein or uny other address Lender de+ignatex by notice to Borrower. Any notice provided for
<br /> --� in this Securiry Inttrument shA11 be deemed to have been given to Borcower or I.ender when given a+ provided in this
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<br /> ,�:� p g15 GoverninQ Lawt Severability. This Security In�trument shall be governed by federnl law and thc 1•rw of the
<br /> " ��' Jurisdietion in wbich tFie Property is Icxated. In the evem ehnt uny provisiun ar clause of thix Securiry Instrument or the Note
<br />��. �"�"'"�" • ''� conflicts with applicable luw,such conflict shall not affcct othrr provisiom of thiti Sccurity lnstrumcnt or thc Notc which can
<br />�' �f''�`y^,''';��� ; be given effect without the conflirting provision. To this end the provixiom of this Security Instnrment und the Note are
<br /> ;,.,�.• ,;.�
<br /> ' 1 declared to be severable,
<br /> .� ' , .�� 16. Borrower's Copy. Borrow•cr shull bc eiven o�e confornmd wpy of the Notc und of this Security Instrument.
<br /> ':c.s:.s:�:. 17. 7Yar�.sferof the Property or a Beneficiut Interest in Borrower. [f all or any part of thc Property or uny intcrest in
<br /> � • '"` '' ' it is xo1J or transferred tor if u beneficial intemst in BoROwcr is sold or transt'crnd and Borrowrr is not a nuturul person)
<br /> "'° without Lenderti nor written consent,l.ender mu ut ii�o tion,n� uire immediatr a ment in futl of all sums secured b
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<br />.=::� , ,G,";�����,�,-, - this Security Instrument. However,this option shall not he exercireJ by l.cnder if cxercise i.r•prohibited by federul law as of
<br /> ' �;.,;�; .,.�;. the date of this Security Instrument.
<br /> .-°!s•� ��,. , If Lender exercises thix option,Lender shall give Borrowec notice of accrleration. Thc notice+hall provide a perind of
<br /> .�c not lesti than 30 d►yx f'rom the dute the notice is dclive�d or muilyd within which Burn�wer must puy all.ums�ecur�d by this
<br /> = �� �'•y�.,,-,.� • Security Instrument. (f Borrowcr f'ail. to puy thcu �mn.prior to the expiratiim of thi� periai. Lcndcr may invoke :my -
<br /> mmedies prrmitted by�his 5cruriry Instrwnent with�xtt further n��tirc or demand un Borruwcr.
<br />�.�'� ' �'"'�'`'"' ' 18. Borrower's RiRht to Reinst�te. If Bortowcr rnect+ cenain ronditinn+. Borrower rhall havr thr right to have
<br /> ,_ ''•'' � ' enforcement of[his Securiry[n.trument diuontinued at any timr prior tu thr carlier of: (al S da���(ur tiuch other perial as
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