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<br /> 93� 11.0023
<br /> condemnatian or othcr talcin�of any part of thc Pn�eriy.or for sunveyu�ce in lieu of catidemnNdon,u�e hercby wipied and
<br /> _ �haii be p�id to Lender.
<br /> In the cvent of a total taking of thc Prc�xny. the proc� shall be applied to the sum� eecurcd by thia Saurhy
<br /> Irut�u�xat,whether or not then due,with any excess prid to Bomower. In the evcut of a pxrtial Wcin�af the Fr+c�erty in
<br /> which thc frir market velue of the Praperty immediately bcfore thc taking i+s eyual to or grcatcr than the amount of thc.rums
<br /> secured by this Security Instrument immcdiately bcforo the tuking,unle►s Barrowec And I.ender o►horwise a�rcc in writin�,
<br /> the sums securcd by this Sacurity Inatcument.rhall be reduced by the amcwnt af the procads multipped by the followln�
<br /> ' -"'�'"�""`�"�"'�' fraction: (a)the total amount of the aums secw+ed immatiately befure tl�e twkliig,divided by(b)thc fuir marfcct valuc oF the
<br /> Property immediately before the tnlcing. Any bulance shall bc paid to Barower. In the event of A partial toking of rhe
<br /> - Property ln whiCh the f�ir ma�icet value of the Property imrrkdiately bcfore the toking is Icss than tha amount af the�ums
<br /> secured immediately before the taking. unless Borrower und Lender ahenvisc agroe in writing or unlcss appticablc Inw
<br /> - otherwise provldes,the proceeds shall be applied to die cums seeut�ed by this Seeu�ty lnctrument whether or not the Yum�are
<br /> then due.
<br /> If the Roperty is abandoned by Bomower,or if.aftcr natice by Lender to Borrower that thc condemnar offers to make
<br /> --- an award or settle a claim fa damages,Borrower fails to respond to Lender within 30 day�aftcr the datu the notice is given,
<br /> Lender is authoriud to collxt and apply the proceeds,at its option,eithcr to rcstoration or rcpair of the Property or to tho
<br /> cums secw+ed by this Security Insuvment,whether or not then due.
<br /> Unless Lender and Horrower otherwise agree in w�iting,any applicatton of proceeds to principal shull not extcnd or
<br /> postpone the due date of the manthly payments referted to in parcigraphs 1 uad 2 or change the amount of such payments.
<br /> � il. i�rnwer NM R�ka�«i; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br /> - modification of amortization of the sums secured by this Secu�iry Instrument granted by Lender ta any successor in intenest
<br /> ___ _ of Bomower shall not operate to�lease the liabflity of the odginnl Borrowcr or Barrower's successors in intercst.Lenckr
<br /> shall not be requircd to commence procadings against any succes�or in interest or refuse ta extend time for payment or
<br /> =- atherwise madify amortization of the sums secured by this Security Instrument by reaxon of any demand mude by the original
<br />_- Borrower or Borrower!s successors in interest. Any forbearance by Lender in exercising uny dght or remedy shall not be a
<br /> ':; waiver of or prcclade the execcise of any right or remedy.
<br /> �•` ��,� 12. Successorc and Asst�ns Bound;Joint and Several Liabillty;Co-signers. The cavena�tt�and agreements of this
<br /> `ti� '�1": Security Instrument shall bind and benefit the successors and assigns of Lendcr and Borrower,subject to the provisions of
<br />- - - pazagtttph 17.Bocrower's covenants and agreements shall be jolnt and several. Any Barrawer who co-signs this Secur�ty
<br /> Insuument but does not execute the Note: (a)is casigning this Security Insuument only to mortsage,grant and convey that
<br /> - Borrower's interest in the Property under the terms of this Seci�rity instrumenk (b)is not person�lly obligated to puy the sums
<br /> �� secured by this Security Instcumenr,and(c)agrees that Lender and any other Borrower may agrec to extend,modify,forbear
<br /> 'x"�. or mnke any accommodations with cegard to the temts of this Security Instrument or the Note without that Borrower's
<br /> - - -- consent.
<br /> - -- -- 23. l.�n Clsarg2s. 3f ihc loan ;:cnrcd !sy ttsi�Sccurity In::t�ment i:: snbjecs ta a Is�Y tivhict► sets maximum l�+an .
<br /> ... � r .
<br /> ''' • .�( charges.and that Inw is finnlly interpreted so thnt the interest or other lonn charges collected or to be collected in connection
<br /> �;,� , ,� with the loan exceed the permitted limits,then: (n)any such loan charge shall be reduced by the amount necessary to reduce
<br /> . = a• ' �`.��f' the chargc to the permitted limir,und(b)any sums olrcady collectcd from Borrower which excceded permitted limits will be
<br /> '�• , �'���`� refunded to Borrower. Lender muy choose to mnke this refund by reducins the principal owed under the Note or by muking a
<br /> ; � ' � 4'�°�• direct a ment to Borrower. If a refund mduces nnci ul,the reduction will be trcated us a artiul re u ment wrthout an
<br /> - e,.. .:+..r :•,�: P Y p� P P P P Y Y
<br /> �,��.;,��, prepayment charge under the Note.
<br /> ; :��14,::N,�,;�'�" 14. Notices. Any notice to Bocrower provided for in this Security Instrument shall be given by delivrring it or by
<br /> r�� � � ��y�,;.; mailing it by first class mail unless applicable law rcquires use of nnother method.The notire shall be dirccted to the Property
<br /> - - ~+�� �� Address or any other t►ddresx Borrower designates by notice to Lender. Any notice to I..ender shaA be given by fint class
<br /> �;'`��""."•'`"�`�''" mail to Lender�s address stated hcrein or uny othcr;iddrexs Lender de�ignutc,by nntice to Borrower. Any notice provided for
<br /> ,�:� , r� " � in this Security Instrument shull bc decmed ta huve heen given to Borrower or l.ender when given us provided in this
<br /> -�,-� . � �r ��.: .,�:�;,
<br /> • •_ .:�•.��. puragraph.
<br /> .'�'���'.^„-�"' _ ' 15. Governing Law; Severability. This Sccurity lnst�ument �hall bc govcrncd by federal law and the law of the
<br /> �.:� � jurisdiction in which the Property i.locatrd. In the event thut uny provision or cluuse of thiti Security Instrument or the Note _
<br /> •:.;•,.
<br />' ,���;,,;�y•;_�..,,�„ co�flicts with applicable law,such contlict xhall not uffrrt other provisions of thi.Security Instn�ment or the Note which can =
<br /> be given effect without the conflicting provitiion. To this end thr pn�visicm+ of this Security lnstrument and the Note are __
<br /> ' declared to be sevcrable. _
<br /> ' .�` ''� � 16. Borrower's Copy. Borrowcr�hall txr given ane confonnrJ ropy of�hr Natr und af this Security Instrument. -
<br /> -. ;x�,d'.'_ 17. 7lransfer of the Property or a Benefirial lnterest in Bor�ower. If all ur any puri of thc Property or any intcrest in w
<br /> r'�L:�. it is sold or transferced(or if�Ixneficial intrretit in Borrowcr i.,uld or transf'errcJ nnd Borrawer i.not u n.uurul person)
<br /> , . ■..
<br /> ,�,T „h without Lender's prior written contient, Lendrr muy.at its option,reyuire innnrdiute puyment in full of ull sums secured by ��
<br />-'�` ' .+.�,�':"� ' this Security Instrument. Huwcver,this optinn.hull nat bc exerci,ed by Lcnder if exerci�e is prohibitcd by tederul IAw a.of =
<br /> `�` '" the date of this Sewrity Instniment.
<br /> � � .,_,.��., If Lender exercises thiti option.Lender xhall givr Borrower notice of uccrleration. The notice+hall pmvide•r}xriod of
<br /> y�����- � not less than 30 duys from the date the notire is drlivered or muilyd�vithin which Bi�rro��•er must pi►y a11 sums serured by this
<br /> �� , �. Security Instrument. [f 8orrower fails to pay these ,um. priur to thr �xpirution ��f thi��ri�xi. Lender muy invoke any
<br /> remedies permitted by thi.Security Instrument without further noticr or Jemand on BoROw•er.
<br /> _.•=�" �''=''=�'�"°''= 18. Borrower's Right to Reinstate. If Bom�wcr mccts crrtuin rc�nditi�,ns. Barrc�wcr shall h:�vr the right to havc
<br /> f�rir�-r- . _
<br /> ""'`xj°�"«�� enforcement of this Security Instrument discontinued at uny time prior to the earlicr i�f: (al 5 dayx(or such other period•rs
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