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<br /> candemnation or otber Wcing of�ny p�rt of the F'ro{xcty,or f'ar convey�nce in lieu af c�ndeau�atian,�ne hercby s�si�nnM and
<br /> iha116e prid to Lender.
<br /> In the e�ent of a twal taking of the Property. the proceeds shall be applied to the sums aec;und by this Secudry
<br /> Imtcumert,wlxther ar not then due,with any excess prid to Borrower. in the event of a partial takfny of the R�operty io
<br /> which ths f�ir market valuc af thc Propeny immediatcly befare the tuking ie oqunl to or grcater thu►the amount uf the suma
<br /> cecured by thi�Security lnstrument immediately beforo thc taking,unless Borrower and L.end�r otherwlse agrcc in writin�.
<br /> the sums cecurad by this Sa:urity Instcument shall be rcduced by the arnount af the praceals multiplied by the following
<br /> _ --l==-- ---- fraction: (a)th�total nme+unt of the sam�securc�cl immediately hrforc the taking.divfded by(b)the fair maricet value of tt►e
<br /> Property immodiauly 6cforc thc taktng. Any balance shail 6c pald tu Borrower. ln the cvent of a partial taking of thc
<br /> Pro�xrty in which the fair murket value of thc Property immediAtcly befarc the taking is less than thc amount of the sums
<br /> ---- securcd immcdlutely before thc txking, unless Borrower and l.endcr otherwisc agrce in writing or unlcxs applicxblc law
<br /> othenvise provides,the proceeda shall be applied to the sums secured by this Secur�ty lnauumcnt whcther or not the aums�uc
<br /> _ then due.
<br /> — If the Property ic abandoned by Borrower.or if.uRer notice by L,ender to Borrower that the condemnor offers to make
<br /> --�_--°---°_--- an award or setde a claim far damuges,Borrawer fails to rcspond to Lender within 30 days after the date the notice is given.
<br /> Lender i�authoriud to collect and apply the praceeds,at its option,either to rcstoration or rcpair of the Property or to the
<br /> sums sci:urcd by this Sccurity Instrumem,whether ar not then due.
<br /> Unless Lender und Borrower otherwi.se agree in writing,uny appllcAtion of proceeds to principal shall not extend or
<br /> postpone the due date af the monthly payments referred ta in parugraphs 1 and 2 or change the amount of such payments.
<br /> — ll. Borrower Not ReleASed; Forbearance By I.endcr Not A WAtver. Extension af the time for puyment or
<br /> madificatlon of amortization of the sums secured by this Security Instrument grnnted by Lender to any successor in interest
<br /> of Borrower shull not operate to releasc the IiabIlity of the orisinal Horrower or Borrowerk successors in intcrest.Lender
<br /> shall not be c+equired to commence pra:ecdings aguinst w�y auccessar iu interest or refuse to extcnd timc for pay,�:cnt or
<br /> otherwise modify umortizatic�n of the sums xecured by this Security Insttument by reacon of nny demand made by the ariginul
<br /> Borrower or Borrower's successors in interest. Any farbearance by Lender in exercising uny�ight or remedy shull not be a
<br /> waiver of or preclude ihe exercise of any right or remcdy.
<br /> 12. Successors And Assigns Baund;Joint And SeverAl LiabiUty;Co-signers. Thc covenunts und agreements af this
<br /> ,;. � Secuaty Instrument shall bind and benefit the successors und assigns of Lender und Borrower,subject to the provisions of
<br /> paragraph 17. Borrower's• covenants und agrcements shall bc joint and several. Any Borrower who ca-signs this Security
<br /> InStrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mortgoge,grunt und convey thut
<br /> Borrower!s interest in the Property under the tcrms of this Security Instrumenh (b)is not personally oblignted to puy the sum+
<br /> � securcd by this Security Instrument;and(c)agrees thut Lender and any other Borcower muy Agree to extend,modtfy,forbeur
<br /> .c
<br /> , ,''�,�;,,� or make any accommodations with regurd to the terms of this Security Instrument or the Note without thwt Borrower�s
<br /> consent.
<br /> :+�Yt�f�urw � � 13. Lwm Char�es. If the loan securcd by this Sccurity Instrument is subject to u luw which sets maximum loan
<br /> ` ��'•"�;0�^ charges.and that low is finnlly interpreted sa that thc interest or other loun chargcs coilected or to be coiiected in connection
<br /> "�'�,�`,'� ' with the loen exceed the percnitted limits,then: (a)any such loan chnrge shull be reduced by the umount necessary to reduce
<br /> ����c::_:.,• .. .
<br /> �;� ,-• the churge to the pennitted limit;and(b3 any sumti ulready collected fi•um Borrower which exceeded permitted limits will be
<br /> ; ,,•,.,.. .
<br /> �.:i�;.;
<br /> � '�°•":,..`- ��`�,•- direuctea�mBnt to Borcower�.elf u r fu d redu esk nnci al,theredution wi 1 bertreated aWad t►rtiul Ire a�ment wi hout ana
<br /> _ •. pY P P P P pY Y
<br /> �.::;��`.:�. �. ' � prepuyment charge under the Note.
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<br /> • �t� •'.,.` , � ' 14. Notices. Any natice to Borrower providrd for in this Security Instrument shnll be given by delivrring it ur by
<br /> � `�� .- mailing it by first dass muil unlcss upplicc�ble luw reyuircs usc of unothcr methai.The noticc shull be directed to the Propeny
<br /> • '�l;'',i.��.'�:. '.;. ;' _
<br /> •:•,,�• � . Addmss or any othcr uddrczti Burrowcr dctiignutrx by noticc to Lcndcr. Any noticc to Lendcr shall tx givcn by fint duss
<br /> �w;.J w_.-. -�••� mnil ro Lendcr�addres,tituted hcrcin or:my othcr addretis Lcndcr dcrignutes by notice to Bormwer. Any notice provideJ for
<br /> 'i�,=;•.• • r"'�' in thix Securiry Instrument sh�ill hc dccmed to huve hecn givrn to Borrower or Lrndcr whcn given us p�ovided in this
<br /> `�� Y'"fr�=r<`•...�,,4,•� parograph. -
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<br /> `=p:•�,.:h:,•,,.� - I5. GovernlnR I.Aw; Severability. Thix Sccurity Inxtrument tihull tx: gavemed by federal law and thc law of the
<br /> •:!��•�"=�'��-`•� jurisdiction in which the Property is Icx�iued. In the cvent that any provision or cluuse of this Security Instrument or the Note _
<br /> '�° • � � � `-` conflicts with upplicable luw,such conflict shall not uffect other provisionx of thix Security In.trument or the Note which cun
<br /> , �5����,'� be given effect without the conflicting provision. To this end the provitiinns of ihi.Security Instrument and the Note ure
<br /> •3,r.a::- • ' � �`.,i71
<br /> declared to be severable.
<br /> �, 1, 16. Borrower's Copy. Bon•ower,hall hc givcn anc confonned ropy of thc Notc und��f thin Scrurity Instrument.
<br /> �;�'A. '.':......:. _.
<br /> r•• �e�t�ar.r.ra� 17. 'I�ansfer of the Property or a Beneflcial Inferest in Bnrrower. If ull or any part of thc Property or any interetit in
<br /> ;�;;....:,
<br /> ^����'•�• it is sold or transferred (or if u bcneficiul intere,t in Borrowrr ix xold ur tr�+nsferced imd Borrower iz not u nuturul pcnon)
<br /> `'� �' �� � without Lender's prior writtcn consent,Lendrr may,tu ih option,reyuirc immcdiute payment in full of ull xums tiacurcd by -
<br /> " �� �°"� � this Secuary lnstrumcnt. Howcver,this aption.hull not be exercised by Lender if escrcise ix prohibited by fedcrul luw ns nf
<br /> •�qt _ ,.v:+i ,
<br /> ,�;,�,. , the dnte of this Serurity Instrument.
<br /> �-- �_=r_�1 : If Lender excrcises this option.Lender sha�l givc Bonowcr nuticc of acccicrution. Thr noticc shuil providc a pericxt of
<br /> - "619i���� not less than 30 duys from thc dute the notice is dclivercd or muiled within which BoROwcr mutit pay ull tium,securcd Ny this
<br /> `�� ' I Security Instrument. If Borrowcr fails to pay thcse sums prior to the cxpiration of thi. periad, Lender muy invoke any
<br /> =:a� �;.-� .,n��^,
<br /> _ � remediex permiued by this Security Instrument without further notice or demund on Borrower.
<br /> _- �.;;::p�;ew.��,�1 18. Borrower's Rf�ht to Reinstate. If Borrowcr mcets certain conJitionti, Borcower �hall huvc thc rlght to havc
<br /> _ _:�,�;�.a,;�� enforcement of this Security Intitrument diuontinucd ut uny time prior to thc earlier of': (u)5 days tur xuch other period us
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