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<br /> condemnuian or other t+�kin�of any port uf ihc Propeny,ar for wnveyancr In lieu of condc�an,�rc���and
<br /> ------- � �iudt ta�id to Lcndcr.
<br /> Io the event of a tad t�kin� of the Propecty,ihe pn�ceeds�h#11 be applied Io the aum� �aurcd by �hir Secu�iry
<br /> Inatrument, whether or nat then due.wlth�ny cacrss paid to Bcxa►wer. In the evcnt of+�pxniui tN{cinY of the!'ronetty in
<br /> which the frir mvkct value of the P�npeRy immediately t+efarc the t�king ir oqu�l to or�rcater than ihr Nmcwnt of the sumr
<br /> secured by thi.r•Security lnsuument immedi�tely befixc thc twkin�,unkss Barrower wxl Lender�xfirrwi►e agrec in w�ItinQ.
<br /> the sums securod by this Security Insuument s1w11 be aducod by the amcwnt of the praceaix multiplied by the toltowin�
<br /> fr�ction: (A)the total am�wat of the sums aecund immediately ixtae the t�lcing,divided by(b)thc fi�ir rtwrket v�lue of the
<br /> Properry immediataly befure Q�e wwing. Aay balancc ►ha11 bc hai;f to Burrower. In ihe event af s p:utial tnl:ing of the
<br /> Prope�ty in whtch the f�ir macicet vulue of the Property immediAtely befonc thc taking is Icss thrn the amount of the sumx
<br /> secured immodiately befae the takirtg,unlesg Borrower ond L�ender dherwise agree in writing or unlcss applicabte law
<br /> wherwfso providec.the procads s1w11 be�ppijed to the surtw socurcd by this Security InAwment whether or not the►ums+u�e
<br /> then duc.
<br /> — If the Pmparty is abandoned by�arcuwr�.or if,after notice by L,mcicr ta Borrower that the candemnor offer�to make
<br /> en awud or settla a alaim fot dnmagcs,8orrower fails to rcspond to L.erxier a�ithin 30 duys after the datc the notice is gi�en,
<br /> -- �— ���`� Lender is authoriud to c4llect nnd appty the proceods.at its option,either cu c�estar�tion or repair of the Property tK,ro thc
<br /> sums securcd by this Securlty Insuumcnt,whether or not then due.
<br /> Unless Lender and Borrower otherwl�a agree in writing,any upplication of proceeds to principxl ,hall not extend or
<br /> :_,�. posipone the due date of the monthly payments referred to in parag�phs 1 und 2 or ch;u�se thc amount af such payments.
<br /> 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of thc time for payment or
<br /> � modificatfon of amortizatiot�uf the tiums secured by thts Sxcurity lnstrument granted by Lender to uny successor m mrere�t
<br /> of Bortawer shall not aperate to relea�c thc liability of the originul Borrower or Barrower's successors in interest. Lender
<br /> •= ahall not be rcquired to commence proceedings agalnst any xuccessor ia intere.t or refuse to extend time for payment or
<br />-= othenvise madify amortization of the sums securcd by this Securiry Instrument by mason of any demw�d made by the originai
<br /> Borrower or Botrower's successors in inteoest. Any forbearance by Lender in exercising ony right or rcmedy shall not be•
<br /> wwivet of or preclude the excrcise of any right or remedy.
<br /> 12. Succe.scors and Asst�ns Bound;Joint and Several Uability;Casigners. 1'he covenents and agreements of this
<br /> : Securiry insuument shall bind and benefit the succes.�ors and assigns of Lender nnd Borrower.subject to the provisions of
<br /> •� paragrnph 17. Borrower!s covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> �` lnstrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mongoge,grunt and convey that
<br /> Borrower's interost in the Property under the terms of this Securiry lnstrument; (b1 is not personally obiig�ted to pay the sumx
<br /> secured by this Security Instnrmenr:md(c)agrees that Lender und any other Borrower may agrce to extend,modify,forbear
<br /> or make any accommodations �vith regard to the cerms of this Sccurity lnstrumcnt or the Note without that Bortowerl
<br /> �� , consent.
<br />_ :�:� 13. Lo�n Ctwrges. If the loan secured by this Security Instrument is subject to u luw which sets maximum losu�
<br /> - - �,,� � chargrs,and that lsv:is�ns!!y intesgrelzd�o that t1�interetit or�ti�r l�m char�ec collectrd or to t,e collected in connection
<br /> •' :�+ •"%•,.xTa•rr:;.s with the loun exceed the permitted limits,then: (u)any such loan charge shall be reduced by the umaunt neces�ry to mduce
<br /> • ,,,.•.,. .
<br /> �'',. the charge ta the permitted limit;and lb)any sumr alreudy collected from Borrower which exceeded permitted limits will be
<br /> :s.-t -.,.,,..'',=. . refunded to Borrower. L.ender may choose to make this refund by reduring the principal owed under the Notc or by m• tng a
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<br /> � direct payment to Borrower. If a refund reduces princi�xl,the reduction will be trcated u+u partiol prepuyment without any
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<br />_ ,��.;:��.6��� prepayment chprge under the Note.
<br />- ,1+�'.�t;�r'��';� �;,r:'.:'; 24. `:uti:ts. .'tny notice te Borra:.cr provided !'or in ttsis Scc��rt; (a�tmmrnt .h:�tl F+r aiaPn hy d�liveriao it or by _
<br /> �� ,;f�.•,,._a .��:i,, mailing it by first cluss maii unle,s applicable law require�u+c of nnother method.Thc notice shall 6e directed ro the propecty
<br /> � ��'�;'��`'�'� � Address or any other address Borrower designatrs by notice tn Ler�der. Any nc�tice to Lender,h:►11 be given by fint da,s
<br /> r�`•.'��`���� .�`�'�',� � mail to Lcnder:ndd►exs�tated herein or any othcr address Lendcr de�ignutes by ootice to BoROwer. Any notice provided for
<br /> - "`�`.'r"-' _""�'� in this Sccurity Instrument xhall bc dccmed to have been given 10 Sorrowcr ar Lende� wheo given ux providcd in this
<br /> V .�%Uf c.:1�t�'�
<br />:-�� "�'';; �.� . paragraph.
<br /> '�-'��� � IS. Governing Law: Severabilit�•. This Srcurity Instrumrnt shall t+e gcwemrd by federal law and the law of the
<br /> : j�`•x;%^',;;��� �' jurisdiction in which the Property iti I�xnted. In the event that:►ny provi.ion or rlau+r of thi.Srcurity Inxtrument or the Note
<br /> � �`��' eonfliets with applicable luw,zuch ecxiflict chall not affcrt uthrr provixium of thix Security In,trument or the Note whieh c•rn
<br /> � .•i�,.,: •,,i�
<br /> �, be given effect without the cantlirting provision. To thix end the pravi+ic�n,of thi. Security In+trument:u�d ttx:Note s�rre
<br /> ::?�•".•;' declared to 4x�everable. -
<br /> ,;�.:;��" � 16. Borrow•er's Copy. BoROwer,hall tx givrn one confomuJ ropy of thc Notc:md ut'thi.Security Imtrument.
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<br /> -?,. . 17. 'I�nsfer of the Property or a Benef ciul Intere+t in Borruaer. If:iU or any part of thc Propeny or any mtcrcst m
<br /> . '"��5.�� , • � it is sold or tran+fcrccd(or if a txnefirial intrr�+t in Borrow�r i, �old or tran,frrc�d and 8orraacr i�not a natural person)
<br /> �i' : wtthout Lender's prior writtcn roment,Lrndrr muy.at it.uptian. nyuirc immrdiatr pa�mrnt in full uf all.um.secumd by
<br /> _��•; � � 'a�•�•° this Security lnstrument. Howevcr,thi,optiun�hall nut tk rx�rci,eJ b�•l.cndrr if cxcrci.c i,prohibited by federal law as of
<br /> '� � •`°' ' }'� the date of this Sccurit Instrument.
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<br />:W� ff Lender exercises lhis option.Lendcr.hall gi�•r Born�wrr n��tirc of arrcicr.uiun. Thc nutice.hall providr a period of
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<br />-;;;,i� 4. not Iess than 30 days from the dute the natice i�dclivered or mailed within uhirh Burcu��rr mu.t paJ•all wm�xrurcd by thi. _
<br /> • '� Security In.trument. If Borrower fails tu pay thr.� .um.prior tu thr rxpir.itiun uf thi. �ri�xi. Lender may invoke :u�y
<br /> ^._•� 1�.,�5,;; '0� remedies permitted by thi�Scruriry inxtrument w•ithuut further nuticc ur demand�m B��rrower. F
<br /> - �t;.,�,;, _L , 18. Borrower's Right to Reinstate. It'Borrowr� mcnc�enain rundition+. Burma�r .hatl ha�•r thr right to havc
<br /> :; ;'.;x;T_:_�. .. � enforcement of thiti Security Imtrument diu�>ntinuud ut:uiy time priur tu thr rarlicr��f: 1a�S da>+t��r wrh�uhcr�xriad a+
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