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<br /> candern��tio�cx other takin�af�ny p�rt of the Pnopeny,or far convey�nce in Iku of c ,s�e y a�i�ned md
<br /> �hall be pRid to Lcnder.
<br /> In the event of� tWal talcing of the Propcny. the proceedy xhall bc �ppliai to the sumY uecurcd by thir Security
<br /> In4tn►nxnt,whe�her w MK�n due, with any excews peld t��Borrower. In thc cvent uP a�wrtiul tuking of thc Pr�crty in
<br /> which the fair muket v�lue oi the Propeny immedirtely bcforc the t�fcing ix oquul w ur�rcrter th�n the amount oi the swns
<br /> Recurcd by thi�Sacurity lnstrument immedi+��ely befoce the taking,anle.+Bcxmwer+uxi I.cndcr Wherwl+c�Qree in writinQ.
<br /> -� — ti�c surtis sccurcd by thia Securiry Instrument xhxll be reducod by the amuunt af the rrocec�.:^e!siplIcd by the fotlowing _
<br /> fraction: (a)the tou►I amount af the.r•umK�ecurcd immedi�tely l�efoir thc taking,divi�cl by(b!thc fiir markct vdue of the
<br /> _�,L� Property immediAtely beiorc the taking. Any baluncc shall 6e puid to Barrowc�. In �he event af a partial taking of the
<br /> �'y Propeny in which the fair market value of the Pmperty immedfatcly Fxfor�e the tol•,ing is kxs ths�n tho amount of the sums
<br /> --- ; aerurcd immediAtely bcf�x�c the tuking, unicss Borrawer And Lrndcr utt�erwisc agrec in writing or unlc� applicuble law
<br /> i dherwiso provldec,ihe procxds shall be applied to the sums secured by this Securiry Inswment whether or nc�t tho surtu:arc
<br /> -_�:� ` thcn due.
<br /> - —I If the Pnoperty is abondoned by Borrowcr.or if,after notice by Lendcr to Bcxrowcr th•rt the condcmnor offers to muke
<br /> i an award or senle a claim for damages,Borrower fuils to respond to Lender within 30 days ufter the dute tha notice is given,
<br /> � Lender is authorizal to colloct and upply the proceeds,s►t its oppon,either to restaatian or re�:ir of the Pioperty or to�he
<br /> � wms secucrd by this Security[nstrument,whether or not then due.
<br /> Unless l.ender and Barower otixrwitie agree in writing,;u�y upplic�tion of procecdr to principal shall aot extend or
<br />=_- - -- postpone the due date of the monthly payments refetred to in puragraphs I und 2 or change che amount of such puymea4ti.
<br /> �' 11. Borrower Not Rekased; Forbepr�nce By Lender Not a Waiver. Extension of thc timc for puymcnt or
<br /> ----- modiftcatian of amortization of the sums secureci by this Security Insuumrnt grunted by Lrnder to any succes�r in interest -
<br /> of Borrower shall not operate to rele:�se the IiAbility of the origioal Borrower or Borrower�s succes,on in intei+est. Lender
<br /> ahall not be tequirc.d to commence proceedings against any xucceswr in intere�t or rrfuse to extend time for payment or
<br /> ,, °#' �' � -' otherwise modify umortiuttion of the sum+secuted by this Security Mstrumrnt by rea.son of:►ny demand made by the original
<br /> >•N,:�,.�::�-..;'
<br /> • • �.. Borrower or Borrower'�successors in interest. Any forbeararu:e by Lender in exercising any right or remedy shull not be a
<br /> , �, x". ,+�'-..,�.;" walver of or preclude the execcise of any right or remedy.
<br /> �` � �;��'+��'' ' 12. Successors and Assi ns Bound;Jotnt and Severxl i.tabilit ,Co-st ne�s. The covenants und u ments of U�is
<br /> i,�N?'::%'�'�. g Y' R S�
<br /> ,•:r�: r.t..,�,� � ' Secur�ty Inst�nt shall bind and benefit the sucresr,on:uid uxsigns of Lender sind Borrower,su bject to t he provisions o f
<br /> ��`'�x '`�`'t•�� paragra p h 1 7.Bortower k covenan ts un d ugreemen ts s h•r t l b e j o i n t u n d s eve r al. An y Borrower who co-tii gns this Securit y
<br /> •'���:;;i�f:"�";':�_�.�;r;,
<br />.: -'qx°, �;�{a` .,:'_,�;�;: Instrument but daes not execute the Note: (o)i�co-signing this Security lnstrument only to mort�age,grLnt and convey thut
<br />, ,, .�,:.�;_,. ,- ,:. ; Bortowerk intercst in the Prq�erty under the terms of thiz Security Inxtrumenr, (b)is not persanully obliguted to p�y the sums
<br /> �� •ti:-.,:,,�; ;:'
<br /> . i;;.,;,���',�:;;�,:;:;,,•_ socured by this Security Instrument;nnd(c)ngrees that Lender und any othcr Borrower may agree to extend,modify.forbeur
<br /> _•.�.,_, a;f,�;�,�- or make any nccommodntions with negs�rd ro the terms of thiz Security Instrument or the Note withewt thut Bornowerk
<br /> `���-r- �:�` consent.
<br /> � 13. Loan Chsu'ges. If the loan secured by this Security [nstrument ir subject to a law which sets muximum la�n
<br /> . '. ';;i;,!', churgts,s►nd thnt law is finally interpmted so that the interest or other loan cbargex collected or to be caUected in connection
<br /> . , • with the loun exceed the permitted limitx,then: (a)�ny such loun charge shall be mduced by ihe:umwnt necess;uy to redu�r
<br /> ' � the churge to the p�rmitted limit:and(b)any sum,ulready collected from Bomnwer which exceedcd permitted limit,will be
<br /> .'�,r " . � refunded to Borrower. Lender may choose to make thi�mfund by rcducing the princip:+l owed uncf�r the Note or by rnaking u
<br /> . ..,.��••':•:``'.- .� • • direct payment to Barrower. If u refund reduceti principal,the reduction will l+e tmated as a pu�tial prtpayment without any
<br /> prepayment charge under the Notc. _
<br /> ' , 14. Not(ces. Any notice to Borrower pr�vided for in this Scrurit�• lmtrurncnt �hall t+e givcn by delivering it ur by
<br /> ' , ..,...,._ ;: mailing it by first clays muil unless upplicable law reyuireti utie of anothrr m�thal.Thc notice xl�all bc�directed to ihe Pruperty
<br /> �� � • . Addre+s or any ather address Borrower dr.ignate�by notice tu Lender. Any nutice to Lender.hal1 lx�given by�irzt cl•r,s
<br /> �; � ' mail to Lcnder�Address stated herein or any othcr adJm..Lcndrr de�ignatcx by notice tu Borrowec Any notire providcd for
<br /> - � in this Security lnstnamcnt.hall t+c dcemed to have bren �iven to Borrowcr or Lender whcn �iven us pmvided in this
<br /> puragraph. _
<br /> '� ; ��'�,..� � , 15. Governing Luw;Severability. Thiti Scrurity In�trument �hull lw govcmed by fedcral law and thc la�• of the -
<br /> • . • Juri4diction in which the Pruperty iti IcxuteJ. In thc rvent that any provisiun c�r rluux��t'thi,Security lnsirumrnt or the Note
<br /> � conflicts with upplicablr law,such conflirt,hall not uffrrt rnhrr provi.ionx of thi.3ccuriry Intitrumcnt or thr Notc which cun
<br /> " ' be givcn effect withaut the conflicting proviyion. To this end the pmvi�ions ot'this Serurity Instrument •rnd the Note un -
<br />`„ declared to be severable.
<br /> 16. Borrower's Copy. Bocrowrr.hall lx givcn one ronfurmcd rupy of thr Note anJ of'thi.Sccurity In�trument. _
<br /> 17. 7lraosfer of the Property or a Bene�icial[nterest in Borrower. It';dl urany part of thc Propeny or•rny irncrest in
<br />- it is sold or trantifemd(or if u Ixne�ciul intercst in Burrowcr iti wld or trantifcrnd and Borrowcr ix nut a nutur�►1 penon) �'
<br /> . without Lender's prior written consent,Lrnder may.at its apti��n,myuirc immediate p:iyment in full of�II,umti.ecur�d by
<br /> � . • • this 5ecurity ln�trument. However,this option.hall not lx exrrci.ed by Lcndrr if caerci+e i�prohibited by federal law uti of
<br /> �+-�'" ... the date of this Security Instrument.
<br /> �=.. •,� lf Lcnder excrcisc�this option,Lender,hi►ll�ivc Borrower noticr of urrcl�ration. The nnticc.hall providr u pc�riuef of -
<br /> �'x*'. �''' . ' nat lcss than 30 duys from thc datc thc notirr is dclivcmd ar mailyd w•ithin whirh 13urm��er mu�t pay all�ums,rcured by this
<br /> a t� y;,,.•, ' . , Security Instrument. If Borrowrr fail. to pay thcse sums prior to thr expiratiun uC thi� Exri�xi. Lender mny invoke uny �
<br /> .' � remedies permitted hy this Srcurity In�trument u•ithout further notice ur demand<m BorroH•ec _
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<br /> � •� , 18. Borrower's kight to Reinstate. If Banower meet. cenain ccmditian.. B��rrower�hall huvr the right to huvr �'
<br /> �, :.. , ;
<br /> � , • enforcement of this Security Instrument di.cantinued�t any time prior to the c:►rlicr of: (a)S days lor�urh uther penod as
<br /> sr.
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