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<br /> condemnwtion or nther t�kin�of any pnrt uf the Prope�ty,or for ca�vcyance in lieu of condemnation.arc hereFsy wai�ned wxi
<br /> : _ ---- _. .tu�ll be�Id W I..cnder.
<br /> In ihe cvcnt of r total taking of ttie Propeny, the proceeds shall be Applicd to the suma �cured by thfa �xurity
<br /> In�trumenb whether or not then duc,wlth any excexs paid to Botrawer. In the event of a partial taking of the Propctty in
<br /> which the fuir murket vulue of the Pmperty immcdiatoly beforc thc tuking is equal to oc greatcr than the amount of the sums
<br /> recurcd by thix Security In�trument immediutcly beforc the taking,unle+ti Borrower and Lender otherwise agrec in wdttng,
<br /> the aums securcd by thix Sccurity lnstcument shall be reduced by the umount of the praceeds multiplied by tho following
<br /> frnction: lu)the totWl umount of the�ums cecured immediutely before the taking,divided by(b)the fAir market valuo of the
<br /> -- — Prnperty ImmcdIatcly bcforc the taking. My bnlnnce shttll t+e paid to Rorrower. In the event of a partial taking uf the
<br /> •-• Property in which the fair market value of the Property immediately befoce the tulcing is leas than the amount of the sums
<br /> r,ecurcd immediutely bcfore tha taking, unless BaROwer:u�d Lender othervvise agrec fn wdting ar unless applicable law
<br /> otherwise provlde9,the proceeds shaU be applied to thc sums�securcd by this Security Instrument whether or not the sums arc
<br /> then due.
<br /> If the Propecty js ubandaned by Borrower,or if,ufter notice by Lender to Horrower that the condemnor offers to make
<br /> — — un awurd or settle a cluim for damages,BoROwer f�ils to respand to Lender within 30 days after the dnte the notice is given,
<br /> _—�-{-�--- �r--°� Lcndcr is autharized to collcct and upply the proceeds,ut its optton,either to rcstoration or repalr of the Properly ar to ihe
<br /> sums secured by this Securlty Instrument,whether o�nat than due.
<br /> Unlesx Lender and Borrower otherwfse ngree in wdting, nny applicutfon of proceeds to pdncipal shall not extend or
<br /> -- postpone the duc date of the monthly payments referred to in pazasraphs 1 and 2 ar change the amount of such payments.
<br /> ll. 8arrower Not Released; Forbearance By l.ender Nut A Waiver. Extension of thc time for payment or
<br /> - ' w�xiiflcation of amartizution of'the sums securcd by this Securiry Instrument grnnted by Lender to any successor ln interest _
<br /> of Bomower shnll not operate to release the liabiliry of the original Barrower or Borrower!�successora in interc�t.Le�der
<br /> shall nat be required ta cammence proceedingR aguinst nny successar in interest or refuse to extend time for puyment or
<br /> atherwise modify amarticntion of the sumx�ecuced by this Security Instrument by reason af tiny demand made by the ariginat
<br /> : Barrower c►r 8orrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a
<br /> , wuiver of or preclude the excrcise of nny right ar remedy.
<br /> � �•+•�+':..,~-.,>; "'"r� 12. Successors and Assigns Bound;Joint and Several C.iability;Casigners. Tne covenants nnd agreemen�ti of this
<br /> Security lnstrument sfiull bind nnd benefit the successors su►d usslgns of Lender and Borrower,subjec:t to the provisions of
<br /> ;�� + ,•,:� .� parugruph 17. Borrower's cavenants und agreements shaQ be joint and several. Any Borrower who co-signs this Securit}
<br /> - � Inxtrument but does not execute the Note: (u)is co•signing this Security Instrument only to moctgage,grant und convey that
<br /> y' ' ' Borrowcrk iatercst in ihc Property undcr the tertn,of this Security Instrument; (b)is not personally oblignted to pay the sums
<br /> ���� securcd by this Security Instntment;und(c)agrees that Lendcr und any other Borcower may agree to extend,modify,forbeur
<br />- . � ������' �` Z or mnke uny uccammodAtians with resard to tha terms of this Security (nstn�ment or the Note without that Borrower's
<br /> � "' � consent.
<br /> •�'•. t3. Loan Charges. If the loun tiecured by this Security Instrument is subJect to a law which sets maximum loan
<br /> - churaes,and thut luw fs finully interpreted so that the intemst or other lonn churRes collected or to be collected in connection
<br /> '"•'?�;=y'"``�`'"'"' ' � wtth the lan excccd thc permittcd limitti,thea: (a)uny xuch loan chnrge shuU Ne reduced by the amount necessury ta reduce
<br /> •�;;1,�.,,��,• ];. the churge to the permitted limit;und(b�uny sums ulreudy collected from Borrower which exceeded permitted limits will be
<br /> , - rcfunded to 8orrower. Lender muy choose to muke thls refund by reducing the principal owed under the Note or by making n
<br /> �����•�.:. �:�' dircct payment to Borrower. If u refund reduces principal,the reduction will be treated as a partial prepayment without any
<br />- ,��'`��"'`"'' `����-" prepuyment rhurge undcr the Note.
<br /> r' �• • 14. Notices. Any notice to Borrower provided for in this Security Intitrument .hnll be given by delivering it or by
<br /> " '�•'' �• ,� ��- muiling It by fir�t clutis ma�il unletix upplicahle luw requirex u�r of:►nother method.The notice shall be directed to ihe Property
<br /> �.'- :�,• ` Addrex�or uny other addrexs Borrower de,ignutes by notice to Lender. Any notice to LenJer shull be siven by first class
<br />_ r.kwluh�.Y0.�a«�H mnil to Lendcrk uddress�tated herein ar uny othcr uddresx Lender designates by notice ro Borrowc�. Any notice provided for =
<br /> =�+�+�r•�' ' in thix Security Instrument shall t�c decmed to huve bcen given to Bortower or Lender when given as provided in this -
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<br /> ;';:'�;,�.,'.• t5. Covernin� I.aw; SeverAbllity. Thi+ Secu�ity lmtrument shull be govemed by feders�l !nw und the Inw of ihe
<br /> :�{ juri,diction in which the Propeny iti Icxated. In the event thut uny pravision or cluuse of this Security Instrument or the Note
<br /> �' ''' ' -,, ci>ntlietx with upplicuhle law.�uch contlict zhiiil not uffect other provisions of this Security Instn�mem or the Note which cun -
<br /> """""`"'' -' '""� lx givrn effect without the conflicting provisian. To this end the provisions of thi� Security Instrum�nt And the Note arc
<br /> �''"�"":r„�"' • • dcclurcd to tx xrvcrnblc.
<br /> •"';:,�;'. 16. Bormwer•s Copy. Horrowrr�hull tx given one confonned cupy of the Nate smd of this Security In�trument. -
<br /> '�.�..ni.,� 17. Tr�nsfer of the Property or u Beneficial Interest in Burrawer. if ull or any pnn of the Property or nny intcrost in -"
<br /> , it is wW ar truntifcrred(ur if u beneficial intercst in Borrower is sold or transfernd and Borrower is not a natural person)
<br /> � c�{�, without Lender;prior writtcn consent. Lender may,ut its c�ption,myuirc immediatc payment in fuU of all sums securcd by _
<br /> - ;: �,.. ��, thtti Sccurity Intitrumcnt. Howevcr.thi+option shull not be rxcrcizcd by l.cnder if exercise is prohibited by federul law as of •�
<br /> ' ��'-� ' ::� thc ciutc of this Sccuriry(nxtrument. _
<br /> -- '���+•�� If Lender cxerci,cx this oFtion,l.ender shull�ivc Burrower noticc of ac�clerution. The notice shall provide n period of
<br /> ,y; ',°':� not Ir+.ihan itl duys fnim tlx�dau the noticc is delivcred or muiled within which Borrower must pay ull sumti secumd by this '
<br /> 4• �+� �����. Srrurity Intitrument. If Borrower failti w puy thcsc wms prior to the cxpirution of this period, Lender may invoke any
<br /> 8"� •+' '-"'�" `' � rcnxJicn penniued My this Srrurity Instrumcnt without f'urthcr notice or dem•rnd on Borrower. -
<br />'� �' � -���•'�' - !!i. Borrower'ti Rt�ht to Reinst�te. It Boreowcr meet� certain conditions, Borrowcr shull have the right to have
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<br /> __ rnfi�nenknt ot'thi.Security Instrument Jiscontinucd ut•rny timc prior to the earlier ot: (a)S days(or such other period as
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<br /> � tiln�tlr Fumily••fi�nk Mwertlreddk�tAC UNIFURM INSTRt;MF.NT-•Uniform Covenantti 9l90 (�ugr 4.�fn�.xes�
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