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<br /> condemnuion or other talcin�of uty purt of the Propecty.or fw convey:uk:e in lieu of condemn�tion,�rc he�by assi�ned and
<br /> �---- -----'�' yhall be paid co Lender. `--
<br /> I� the event of a totol taking of thc Property, thc proceeds shrll be applied to the suma xcurcd by this Secudty
<br /> ln,trument.whether or na thcn due,with any excc.s}wid to Borrower. ln the event of u purtiul taking of the Property in
<br /> which the fuir rnukct vulue of the Property immediutely beforr.the taking is cyual to ar greater than the amount of the wms
<br /> ' — securcd by thi�Security lnstrument immediutely bcfoce the tuking,unlcss Borrower und Lcndcr othcrwise agree in writing.
<br /> ;�' the sums secured by this Security In�trument shull be reduced by the amaunt of the praceeds multiplied by the following
<br /> �,,,,,, fruction, (n)the iotal amcwnt of the sums.ecured immediately befom the t:iking,divided by t b1 the fuir murkot value of tha �_
<br /> Property tmmediateiy before the taking. Any batance shuU l� prid to I2orrowcr. In the event of a parceal taking �f the =-
<br /> '_`���;�?G°g�;;,,� Property in whid� d� faii maricct vals�c o!'tlsc Pro�rriy immediately befare the tuking iti lev� Ihitn ih�am�unt of the sum5 ___
<br /> �--.� secured lmmediately before the taking,unletis Borrower and Lender otherwise agrce in writing or unles.applicable law
<br /> '�" othenvise prov ides.the proceeds shati be applied to the sums securcd by�his Securiry Instcument whether o�not the sums ue
<br /> _ �1`�� then due.
<br /> i' ' ' ' If the Propeny is abandoned by Borrower,or if,ufter notice by Lender to Sorrower that ihe condemnor offers to make
<br /> -�---��'��'�`�: � nn nward ar seale a claim for damages.8onower fuils to respond to Lender within 30 duys after the date the notice is given.
<br /> �'� � ' � L.ender is authorized to c�llect and apply the proceedti,at its option,either ro restaration ar repair of the F'roprrty or to the -
<br />-� u;,. •,. sums secured by this Secudty Instromenl,whether ar not then due.
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<br /> I�, ,,,,��,x;,, Unless Lender and Borrower otherwixe ugree in writing,uny rpplication of prcx:eeds tu p�incipal shall not extend or
<br /> - •�;c� .:��;;�',t�.; postpone thedue date of thc manthly puyments referred to in paragrrphs I and 2 or rhange thc umount of such payments.
<br /> � `"'''•"�'"^'°'�'' 1 l. Ba�rower Not Released; Forbearance By Lender Not a Waiver. Extemion of the time for payment ��r --
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<br /> -- .:.� t���-" '' modificution of amortizution of the sums securcd by this Security Inst�ument granted by Lender to u�y successor in interest —
<br /> ""' ��� af Borrower shall not operate to release tbe liubility of the original Borrowc�or Borrower� successors in interest.L$nder
<br /> � ':.`�'.,; _
<br /> ?: shall not be required to comme�xe pruceeJings against uny successor in interest or refuse to extend time for pnyment ur �_.
<br /> ' ' otherwise rnodify amortizatian of the sums xcured by this Securi[y Intitrument by reason of uny dempnd made by the ariginal �,__,
<br /> •�.`,��� Borrower ar Bortower:succestiors in interest. Any forbearunce by Lender in exercising Any right ar remedy shall not be a
<br /> waiver of or preclude the exercise of:u►y right ar remedy. �_
<br /> � 12. Succescors and Assigns Bound:Joint and Several I.iability;CasiRners. The co��enants:md ugmements of thi�
<br /> � ; � � Security Insuument sh:►11 bind und benefit the�uccessors and ussign� of Lender and Borcower,subject to the pmvisions af
<br />,.,• � paragraph 11. Borrower's covenunts nnd agmements shall be joint and several.Any Bonower who co•si€ns this Security
<br /> ' Instrument but does not execute the Note: ta)is co-tiigning this Security lnxtrument only to murtguge,grant und convey thut
<br />_ Bortower�interest in the Property under the terms of thi�Security Instrument; (b)iti not per.wnally obliguted to psy the sums
<br /> , secured by this Security Instrument:and Ict agrees that Lender and any other BoRawer may agrec ro extend,modify,forbe:u�
<br /> . . or make any accommodutions with rcgard to the terms of this Security In�trument or the Note without that Borrower:s
<br />_ � consent.
<br />. . .•:r�; . 13. Lown CharRes. If the toan,ecured by thi. Security Instrument is subject w a law which setti muximum loun
<br /> --� '- � charges,and thot law is finally interpreted�o thnt the interest or other tuan charges roliec�rd ur tu i�coitecied in canncction —
<br /> with the loan exeeed the permitted limit.,then: (al:uiy�uch loan chargr�hall be rcduced by tho amount nececsary to reduce _
<br /> � the charge to the permitted limir,und tbl uny.um.alnady collected t'rom Borrower which exceeded permittad limits will be _
<br /> � � refunded to Bortower. Lende�may choo.c to make this rcfund b��reduring the principal ow�ed under the Nate or by mal;ing:+ _
<br /> � , � direct payment to Borrower. If a�efunci�rduces primipal,the reduction will lx treuted as a partial prepay�ment Without any
<br />� � ; prepuyment charge under thr Note.
<br /> 14. Notices. Any notice to Borrower provided tbr in thi� Security In�trumen[tihall be given by delivering it or by
<br /> � mailing it by first class mail unless upplicaMe IaH�reyuirc.u,r uf unother mrthcxl.The noticr shall be directed to the Property
<br /> , Address or at�y other addres�Borroaer de,ignate+ hy notire tu Lendcr. Any notice to Lendcr tihall be given by first class
<br /> ,_: • mail to Leader's addrey.,tutrd herein or uny uther adJrr�+Lrndrr de+ignatcti by notice to Bnrrowec Any notice provided for
<br /> '" ' � in this Security Instrument shall Fx dcemed tu h•rve Iken girrn a� fiorrowrr or Lendrr when given as provided in this
<br /> ' ' parigraph.
<br /> •� � � 15. Coverning Law•; Se�•et'abillts�. Thiti Srcurity Imtrument shall t+e �merncd by t'ederal luw :uid thc luw of the
<br /> �. � jurisdiction in which the Ro�rty is I�xuted. In the event that any pm�•i+iun or cluu�e of thi+Securiry ln�trument or the Note -
<br /> • conflicts with upplicable law,surh ronflict tihall nut affut uthcr pro�•i�ium of thi�Security In�trumcnt or thc Notc which can
<br /> � ' -. • • be given eftert without the conflicting provi.ion. T��thu end the provi�i�x�. af thi.Security Instrument :u�d the Note are ��`
<br /> ' declared to 6e severable.
<br /> �' � � 16. Borrower's Copv. Burroarr�h:dl tx givcn une runformed cupy of thr Nutc and of[hi�Scrurity Instrument.
<br /> � i 17. 71�anster of the Property or s�Bene�icial Interest in BorroN•er. If all or an��part of the Property or:�ny intercst in _
<br /> • ' it is xold or transferred tor if a lknctirial interc+t in Bom�H•rr i..uld or tran.fcmd and Borruwrr i.not a natur•rl penon)
<br /> � ;��,.' � without Lrndert prior wricten cumcnt.LcnJrr may,at it+uption,rcyuirc imm�Jiatr paymcnt in full of a11 +um��ccur�d by _
<br /> Y• ��, . • this Security Instrument. Huwcrcr,thi.uption.hull not be exerci+ed by LcnJrr if exerci�c i. pr��hibitcd by federal law ac of
<br /> the date of thiti Securiry Imtrumrnt.
<br /> ; �,,,.,.. If Lendcrcxrmi.c�this option.Lcndrr tihall gi�•c Burruacr nuticr of'accckration. Thr noticc.hall providr a period of _
<br /> ' • ;�:''� � not less th•rn 30 days from th�dutr thc noticc iti dcliv�rrd or mailcd within��hich Burru��•rr mu+t pay all�ums ucured by this
<br /> f� ' �;r�F:�.k� .� Securiry Instrumrnt. IF Borruwrr fail+ tu pay thc�r �umti prior to thc rxpiration of thi+period. Lender muy invoke•rr►y "�
<br /> '�• � . remedies permitted by thic Scruriry In.trument withuut furthe�ncnice or drmund im li�irro�cer. t�z_`
<br /> � � (& Borrower's Ri�ht to Reinstute. If Borra��rr meet� certuin cemditiun>. Burrow�r.rhall have the right to have ,o.,�_.
<br /> �' :: . enforcement of lhis Security In,wmcnt di.runtinurd at am time priur to tlk rarlirr uf: �a� 5 da}••tor.urh other prriod as
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