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<br /> coodemnatlon w ot6er takin�of wiy puct of the Pruperty,ar fi+t ronvcywur in Ifcu uC rwxlcm��vtion.arc hercby usi�nod rnd
<br /> -_----_ sh�l!bc psdd to Let�der. --
<br /> In the event of r totnl tnlclnQ of the I'mperty, thcpracrod+ehull he applied tc�the *um+� +�ccurcd by thi+ 5a:urity
<br /> Insuvment,wlxther or not then due,with any cxces+ puid tu Borrowrr. In ihe event �►f u purtiul tuking�►f�hc 1'n�{+erty in
<br /> which the f�ir market value of thc Praperty immcdiately befurc thc tukinY Iti eyuul tu ur grrutcr tirru the unx►unt of thc�um+
<br /> � _ secured by this Secudty Inxtnrment immeJiat�ly beforc the wking,unles.B��rrc►wer und l.rnder utherwi+r ugrcr in writing,
<br /> -- - the sum: acurod by this Sexudty Instrument�half bc mduceJ by the umcwnt ot'the pnxrrd. multiplird hy the fuUowing
<br /> --�— fraction: l�)the tcxal amount of the sums xecurcd imm�:dic+tely befcxe tix taking,divi�d by Ibl the fair market valucof the
<br /> • - !'roperty �mmcdiatety betore thr u+kiug. Any baiuucc �Laii ix �w�d tu 8.,�rou�cr. !n thc cti�cnt of a psniid t«kin��nf�he -
<br /> - - ---— Froperty :n wLi�t� tt�fair marl:ct valuc of thE Propeny�immtd'sately Hrforr thr ti�king i.le���h�u►tFu�:�mcwm uf the sumti _
<br /> securcd immediately brfore the taking, unles� E3urrower and I.e�dcr cuherwitic agrce m writing ur unk�� •rppllcuble law
<br /> -- - — otherwise provides.the proceeds shall be applied to t{x;sumti+erured by thi�Security ln�trument whethe�or not tiu�unn ure
<br /> • then due.
<br /> �� If the Property is at�andoned by Borrower,<tt if,ufter nuticc by Lender to Borcower that thr condemnor offen to mukc
<br /> pn Award a sctde a claim for damages,Bntmwer fail+to mrpond to Lcndcr within 3U day+aftcr thc d•rtc thc notice i+given,
<br /> `���-`-_ `�. Lender is authorized to coliect and apply the proceed+,at it+opuun,either to mstor�tian ur�cpair of the F�perty or to the -
<br /> sums�securcd by this Srcurity Instrument,whether or not then due.
<br /> � Unless Lender and Borrower othenvi.e agree in writing,any application of praceedx to princip•rl �hall not extend or
<br /> �°��.r:�i.� poscpone the due date of the monthly paymentti rrferced to in parugraphs 1 and 3 ur ch:u�ge the amount of+uch payment..
<br /> - Il. Borrower Not Rekaced; Forbeprance By Lender Not A Waiver. Extension of thc time for payment or
<br /> °`'��``�� madification of amortization of the sums secured by this Security Instrument gr.►nted by Lender ta any yuccetitior�n interest
<br /> of Borrower shall not operate to release the liability of the origin•rl Borrower or Borroweri successors m interest.Lender _
<br /> . shall not be requined ta comn�ence praceedinFs against any succes.or in interest or refux to extend time for Qayment or �
<br /> � �'`` �•�'•;. othenvise modify amonizntion of the tiums secured by this Security Instrument by reuwn of any demand made by che oriFinul
<br /> ,�.��. Borrawer a Barrower'.s successors in interest. Any forbeurance by Lender in exercising any right or remedy xhall not be a
<br /> :,��:•, •�• �,•>' waiver of or preclude thc exercise of any right or remed�•.
<br /> - 12. Successors and Assig�s Bound:Jufnt and Severil Liabllity;Casigners. The covenant,and agrcementti of thi.
<br /> Security Instrument shall bind and benefit the successon•rnd as.igns of Lender and Borrower. subject to the provisions of `
<br /> J�•• +� paragraph 17. Borrower's cavenants s+nd agreements shall be joint and several. Any Borrower who co-signs this Security •
<br /> �`��•,r.�,,-,+.�. Instrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage,�rant:md convey that
<br /> : �;;; Borrowerb interest in the Property under the terms of thi.Security Instrumen4 (bl is not personally obliguted to pay the sums
<br /> _ secured bythis Security Instrument;and(c)ugrees that Lender and�ny other Borrower muy agree to extend.modify,forbear ___
<br /> -'� � ar make any accommodations with regurd to the terms uf this Security Instrument or the Note without that Borrowers
<br /> _�..
<br /> '�' ��.. � consent.
<br /> � 13. Loan Cfuirges. If the loan secured by this Security Instrument iti subject to u law which sets maximum loan
<br /> �-„�r,,��;r,-��r�' ' cliiifg2S, and that!aw is 6rsa!!y interpreted s0 tI13!t�1t lIIttit�I OC 4illCf IQBR Cll:+rne.collected or to be cotlected in connection
<br /> �,��,'.�:. ,, ,,, - with the loan exceed the permitted limits,then: (a):u�y such loun charge sh•rll be reduced by the amount necestiary to reduce
<br /> ��`•' +��'�"' ' '� ' � the chaz�eto the�ermitted limit:and(b)any�um.already rollerted from Borrower which exceeded permitted limtts wiH be
<br /> � }". ' refunded to B�rrower. Lender may choo,e to make this refund by reducing the principal owed under the Note or by making a
<br /> . :�.,�,�'1' �.���::'.
<br /> ;;"c. ��a;� "_... I direct payment to Borrower. If a mfund reduces principal.the reduction will be treated us u partiul prepuyment without s►ny
<br /> ;t;�:� .�� �. ,.
<br /> .• .r.::���,.,`�,�,�;, prepayment chazge underthe Note.
<br /> �� f, aa.�.��e..;��L � 14. Notices. Any notice to Borrower provided f��r in thi� Security In,trument +hall be given by deli�•ering it or by
<br /> ..; � '�� �� :�" � mailing it by first class m�il unlesti applicable law requites utic of unnther method.The notice+h:�ll be directed to the Property
<br /> .+ ' :','.,..1�4'1..' i,,
<br /> ;k:k M ..�,,.. �.;� Address or:u�y other addresti Borruwer designate.hy notice to Lender. Any notice to Lender shall tx given by frst clatis
<br />_' ,��,+„�,�,,�,y . • I mnil to Lender's address titated hecein or any othrr addresti Lender de+ignate.by notice to Borrower. An�•notice provided for
<br /> :.:.� in this Security Inxtrument .hall be deemed to huve been given to Borrourr or Lender when given a.�provided in this
<br /> �s'..�., x�t paragraph.
<br /> � � • ' ��..,• I
<br /> � :i �� 15. Governing Law•; Severabifity. Thi+ Security ln�trumrnt +hal! bc go�•cmed hy federal I•rw and the law�of the
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<br />= .�',b,'s�,,t�,'��.;;'�',_• I jurisdiction in which the Property i.tocated. !n ihe event that any pmvi.ion or dau,e of this Security In+trument or the Note
<br /> �.�,:;,. . . .�,�. , eonflicts with applicable law..unc�onflict,hall n��t affert oth�r prm•itiion,of thi.Security lmtrumrnt or the Note which can
<br /> i=, ,�;,,,,•:;-7,�,. I be given effect without the contlictin�provision. To this�nd the pr��visiom of thi. Security In�trument and the Note are
<br />:�; ,,,�`. .... , . declared to be sevcrable.
<br /> -� w.; ,�•,��'��"�•� 16. 8arrower's Copy. Borroa•cr.hall he giren one conformcd copy ot'thc Note and of thi,Serurity lnstrument.
<br /> : "•> 17. 7hAnsfer ot the Property or y Beneficial Interest in Burrow�er. U'•rll or any pan of thr Property or:+ny interest in
<br /> �' �,�. .
<br /> '%'�� ' it is sold or tronsferred lor if u lxnetirial intcrc.t in BoRO..cr i, +uld or tramfcrrrd and Burroacr iti not a natura!person)
<br /> �' ' i without Lenderi prior written con+rnt.LenJrr ma�•,at it.c�ption, require immediatr payment in Cull uf all.ums s�cured by �,
<br /> --�, •�„��.;, �. this Security Inztrument. However,thiti option shall not lx rxerci�ed by Lender if exerci.re is pruhibited by�federal law as of
<br /> �.�.�• ��.� '`- the date of this Security Intitrument.
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<br /> —�cs�. :.. ° If Lender exercises this option,Lender shall Eivr Borrow•rr n�Nirc of acreleraticm. The notice shall provide a period of _
<br />�,,,�d��=i""��`•'• not less tlu�n 30 duys fcom the date the notice i�delivered or mailyd a ithin w�hich Borro«rr mu�t pay all xums secureJ by this _
<br />,Fse�� �•ti�`':� SecuRty Instrument. If Borrowcr failti to pay the�e +um� prior to the rxpiraticm of thiti period, Lender may invoke any
<br /> �«r"•;�: ' remediespeRnitted by thi.Security In�trument without furthcr natire c�r demand on Borrower. _
<br /> ____:.*-.�xr,..: 18. Borrower's Right to Reinstate. If $orruwer mect, certain r�mdition�. Bormwcr �hall have the right w have _
<br /> =;� ;.,. ��. enforcernent of this Security Inxtrurnent di.continued at any time prior to the earlicr of: �a�5 da}•��or wch uther period a+
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