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<br /> condemn�tic�n or other tAkinit of wtY P+�of the Property.or f�x convey�nce in lieu of c�ndcmn�atlon.+ue hereby ass(Yned and
<br /> � �h�ll be pwid to l.ender.
<br /> In ihe ove�u of w total taking of thc Prope�ty. tl� pnxerds rhaii t� applied ta �he sums saurcd by this Security
<br /> Instn�ment. whethcr oc na �hcn due,with�+ny cxcesx p�id tu Aorn►wer. In thc event of u purti�l taking uf the Property in
<br /> whkh the f�ir market vwlur uf the Pra�xrty immcdiately F+cforc the tuking is eyuul to ar grcater thun the amount of the sums
<br /> - recurcd by this Securiry Instrumcnt immcdtutely bcf��r�thc tuking,wilesr Horrawer und Lendcr atherwise ugree in writing,
<br /> - � the sumc wecure�i by this Security Instrument shull be rcduc�vi by thr umount af the proceecis nwitiplied by the following
<br /> `_�� _ � {����: ��1 the u►wl amaunt of thc.ums�rured imnxdiutciy t�fuR thc t:►king.divided hy(b)thc foir murket volue of thc
<br /> `a��' � �" Pmpeny immediately 6efore the tuktng. Any b•rl•rnce xhult tx paid tc►Bormwer. In the event ot u p�utial tukiug uf�he -
<br /> '�' Property in which the fair market vatue of ihc Propcny immrdiutely befam the taking ix Ic.s then the amount af the xums
<br /> ' ��,,����� securcd immediutcly bcfare thc tuking, unlesx B��m�wcr und Lc�uirr cKhcrvvf+c ugrec in writing or unic+s applicablc law
<br /> —_ 011ltf W ttiC pfOVt(�Li,the proceeds shall be upplicd to the zum�xcund by�his Seruriry iostrument whether or not the sums+ire
<br /> ��,� thcn due.
<br /> If the P�upecty is ubandoned by BaRnwer,or if,aUer�wtice by L.ender to B��rrower thut the candemnor offerv to make
<br /> —��%?�i0?=��'� en award�r seeQc o claim for damage�,Barrower fuils ro rc,pcx�d ro I.cndcr within 3U duyx utter the date the notice is glven,
<br /> l.ender is uuthorized ta collect:uxl s�+ply the pnxced.,at it+optwn,eithcr tu restorution w repuir af thc Prr►pe�ty ar to the
<br /> �---�,—� • sums sei'ured by this Securiry Instnunrnt,whether or nut thcn<lue.
<br /> Unless Lcnder and Bcvrower ahenvi+c ugree in writing,uny applicatiun of procecd,to principul xhall nat cxtend or
<br /> r postpvne the duc date of the monthly payment.rcfcrrrd to in parugruphr 1 nnd 2 ur change thc umount of surh puyments.
<br /> - 11. 9orrowe� Not Released; Forbeurance By I.endtr Nnt r Waiver. �xtenyion of thc time for paymcnt or
<br /> _- mndificution of amo►tization of the sum,tiecured by thi.Security Instrument gr�nted by Lender to uny successor!n lnterest
<br /> - d_•�>��_;r^',:� , of Borrower+hail nw operAte to releasc thc liahility c�f the original Bocrowcr or Borrower's successon i� interest. L.cnder
<br /> ="'r''` ,` ' shall not be requircd to commence praceed9ngs uguin,t any succexcor in intere.t or refuse ta extend dme far payment or _
<br /> t�,ti 7',•::::. -": .
<br /> ,,_...�•. :,.,;� othetwise madify umoctization of thc+ums scrured by thi�Security Inst�ument by mason of any demand mude by the original
<br /> �,"' "�' � �. '•* Borrower or Borrower's successon in intercst. Any forbeurance by Lender in exercixing;u�y right or remedy shall not be u
<br /> ,���� � � •'� waiver of ar precludc the cxerciM:of any right or rcmedy.
<br /> ��;r��r�:�:,.',?{y�" 12. Successorc pnd Asr(gns Bound;Joint and SeverAl Lis�bility;Co-siRoers. The covenants:u�d ugreements of this
<br /> r� • Security Instrument sh�ll bind and benefit the tiucce..on und ustiigns of Lender aRd Bo�TOwer,subject ro the provisions of
<br /> _ 6 � �`i•,- paragruph 17.Borrower i covenants und ugreemcnts shall be joint und,cveral. Any Bonower who ca•tiisns this Secucity
<br /> - -:'�`C�.:?;°:��'�,�;. •
<br /> , ,�� InstNment but dces nat execute the Note: (al i.co-signing thit Securiry In,trument only to mortgage,grnnt and canvey thu[
<br /> � �,t Borrower's interest in the Propeny undcr the term.of thix Serurity Instrument; tb)is not perwnnlly obliguted to pay the sums
<br /> -.�+�••«: secured by this Security lnstrument;und tc)agreez Ihut Lender�nd uny other 9oROwer may ugree to extend.modify,forbear
<br /> •. .:,,,
<br /> �:. • � • - or make uny accommodations with regurd to the termx of this Security Instrument or the Note without that Borrower!s
<br /> - • consent.
<br /> :�"_,._•_ '�_^ ' 13. Loan Charges. If the laan secured by thiti Security Instrumrnt is rubject to a luw which ,ets maximum loan
<br />, .. _. _ :
<br /> thtuges,and that Iaw�s tinaliy interpreted tio thut thc inirrr�i u� �iiiri toan�harges cottccted ar to tsc rnitected i::�bnneclion
<br />� � •�' r. . ;, � i with the lotu�exceed the permitted limitx,then: (a)any surh loan churge.hall be reduced by the amount n:cessary ta reduce
<br /> �-"�� ' �"• the charge to the pecmitted limit:and(b�t�ny�ums nlready collected from Borrower which exceeded pt:rmitted limits will be
<br />' ' � � refunded to Borrower. Lender may choose�o muke this mfund by reducing the principal owed under the Nate or by making u _
<br /> � direct �ayment to Borrower. If a refund reducex principal,the reduction will tx treated a.a purtiul prepayment without any
<br />; ,. prepayment charge u�ider the Note.
<br /> ' . I 14, Nodces. Any notice to Borrowrr providcd for in thiti Scrurity ln+trument xhall he given by delivrring it or by
<br /> mailing it by first cla�s mail unless upplicahle law reyuirc�u�e ut anuther meth�xi.The notice shaU be directed to the Propecty
<br /> .y j Address or any other acidresti Borrowcr de,ignatr.by nuti�e to Lendcr. Any nutic� to L�nder.hull be given by fint cluss �
<br /> mail to Lender's•rddr«.,tated herein or any iuhrr uJJre++Lr�idrr de,i�natr�hy nuticc to Borrower. Any notice provided for .�
<br /> �i�. � . � in this Security Imtrumenc shall hc dremed to huvr txrn given to Borrowcr ur Lrndc�whcn �!ivcn us provided in this '
<br /> paragraph. '
<br /> �+ 1S. GovernlnR I.nw:Severability. 7'his Srruriry (mtrumrnt �hall lx ga��cmcd hy federal law and thc law of the
<br /> ; � �� jurisdiction in which ihe Prciperty i,l�xated. In thr rvent that any prc�vi.iun ur rluu�r af this Sccurity Instn�ment ar the Note -
<br /> � confliets with applicuble law.wch rontlict.h:►11 nut at'fect uthcr pruvi�ion�of thi�Seruriry In,trument��r the Nute which ean i:
<br /> � .. '��` be given effect without the contlicting provi,ivn. Tc�thi+end the provitiion,uf thiti Serurity Inxtrument and the Note urc �
<br /> declared to Ix:se��eruble.
<br /> ` a' ' 16. Borrower's Copy. Borr�wer tihaU txr given onr confomxd rupy�if thr Notr and of thiti Sccurity Inxtrumcnt.
<br /> � 17. 'IY�nsfer of the Propertv or a Beneficial Interest in Rurrower. If all��r any part ot'thc Propeny ur any interest in
<br /> `� it is xold or tramfcrred (or if u bencticiul interest in Borto��cr i,.uld or tr�n,ferrrd and Borrowrr iti nat u natural pcnon)
<br /> � `�. without Lender's prior wrinen consent,LenJcr m:tv,at itti option.rcyuim immrdis�tr paymcnt in full of atl sums sccurcd by �'
<br /> •—�'�� this Security Instrument. Huwever,this option+hull nut br exerciu:d by Lendar if exerci,e ix pmhibited by federal law us of
<br /> �'S'�� r�
<br /> •' ',,..,,.,; the date of this Securiry Instrument.
<br /> : ,� . If l.ender exerrise.thix uption,Lcndrr�h.�U givr Borroaer notirr of urccicr:ttian. Thc notire+hall provide u period of _
<br /> ' �' �'" , n�t less than 30 day,from the dute the notice i.delivered ur muiled within whirh Bc�rruwrr mu.t p:ry all�umti xecured by thi�
<br /> . _ Security Instrument. If Borrowcr fuilx ro p,ry these tium+ priar tu the cxpiration of this�riud, l.ender m�y invokc any
<br /> ���:.,_M: ....,�
<br /> /; " cemedies permitted by this Security Instrumrnt without further notirr or demand on Hurruaer.
<br /> �. �' �' 18. Borrower's Ri�ht tu Reinsts�te. If Borrowrr mrrt+ certain cunditiun+, Borrow�rr �hall hiive the right to have
<br /> . • ,..,;�-'"� � enforcement of this Seruriry Instrument diswntinurd at any timc prior to thc carlirr uf: RU 5 Jays tor such other period as
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