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<br /> condennnation or other takin�of�ny pact of the P►opertY.or'fw'�°�vey�utce In Iku of cuntknnwliat,uc her+cby u�si�ned and
<br /> stWt be paid to Lender. �� �h�ll be applied to the suma secured by thle Security
<br /> ln the event of a t�t�l t�{cing of ihe PropertY. the Proc
<br /> lnstrument,whether or not tha►duc,with w►y exccas{wid to Barrower. In the evcnt of�punial takinR of the Prnpeny in
<br /> which the f�ir marlcct vulue af thc Propcny immediatcly before thc tulcing is cqu+�1 tu ar grcater thun tho amount of thc aums
<br /> securcd by this Secu�iry Instrument immediouly beforc the taking,unlesx Burrawer and I.ender�hcir�'��Sre�ifullowi g
<br /> -- ttx sums securcd by this Security Insuument afi�ll bc reduccd by thc Amount of tlx pnx�ecd• P y
<br /> '` f��c���; (;�)tl�e total umount of the sum4 xecun.�d immediately beforc the�aking,divlckd by lb)the fair niarket v�►lue of ihe
<br /> � Property immediately before the talcing. Any balance shall be paid to Borrower. In tlx cvcnt of a purtiai ts+lcing of thc �
<br /> Property in which thc fair mauket value of the Property immediatcly beforc the taking is less than the amcwnt of thc sums
<br /> �'�"t°� securcd immcdiutcly before the trking,unles, Borrowcr and Lender dherwise agrcc in writing or unless�pplicublc Iww —
<br /> '--�"-- otherwire provides,the proceeds slwU be aPPl�ed ro ttk sums secured by this Securiry Instrument whether or not the sums aro
<br /> -- then due.
<br /> —_ �f�fx ptcipeny is ubv�doned by Borrowcr,or if.after notice by Lendcr to Burtower thut the condem��ar affen w mnke
<br /> — -- nn uwurd ur setde u claim far damages,Borrower fails to rcspond ta Lender within 30 duys after the date thc naticc is given, 6
<br /> —���� Lender is autharized tn Callect and apply the pracecds,at it,opnon.cither to rcstotution or rcpair of the Pn��erty or to thc
<br /> � sums securcd by this Security Instrument,whether or nat then duc.
<br /> _w_� �`� Unless I.endcr und Rorrower otherwitie agrcc in writing,any applicution of praceeds to princi�al shall not extend or
<br /> -___-= postpone the due datc of'the monthly payments referrcd to in parugrnphs 1 and 2 or chnngc the umount of such p�ymentti. �
<br /> ----�-- 11. Borrower Not ReleASed; ForbeAmnce By I.ender Not p WAiver. Ex�ension of the time for paymcnt or
<br /> madificution of umortization of the sums securcd by this Security Instrument gr�►nted by Lender to any succestior in interest
<br /> of Borrowcr shall noe operute to releaSC thc liability of the originnl Bortowcr or Bomower�successorti in intercst. I.ender
<br /> ;''�"••'�'��-�' •,• ��� shall nat be required to commence pnxeedin�s ugainst any tiuccessor in interest or refuse ta extend time for payment or _
<br /> t :� �
<br /> ^�;.,��.,�•r..h�.•.' otherwlsc modify nmortiu►tion of the sums secured by chiti Securicy Instrument by renson of any demund madc by the originat _
<br /> ,, Borrower or Barrower!+successon in intec�est. Any forbearonce by L.ender in exereising uny right or remedy shall not be a
<br /> waiver of or pmclude 16c exerci�af any right or remcdy. �.
<br /> ��s'+,,�"�';''��;:�r��� 12. Successor�and AssiQns Bound;Joint And Several Linbility;Casigners. The covenants and agreemant,af this Y
<br /> Security Instrument shatt bind and benefit the successon nnd ussigns of I.ender nnd Bocrower.subject to the provisions of
<br /> 'K�,,.,•,. „ �"i. F�'asrap}� �7• Borrower:s covenants and agreement++hall be joint und severul.Any Barrower who co-sigm this Securiry
<br /> �;%�•��-��•L=•�•; Instrument but daes not execute the Note: (u)is cu-tiigning this Security Instrument only to mortgage,grant und convey ihat
<br /> ''�'•'`` `� � Burrower+interest in the Ptoperty under the tertns of this Security Instrument; (b)is not pecsonully obliguted to pay the sums
<br /> . �... ,
<br /> .; •,�•.:-��t.:.-.«- secured by this Securiry instrumenr and(c1 agrc�s that Lender and:u�y ather Borrower muy ugrce to extend,modi y, o ur �,,,
<br /> . . , r:
<br /> � or moke any :+ccommodutions with regurd to the terms of this Security Instrument or the Note without that Borrower�
<br /> consent.
<br /> _ +luu�ea�•±'.��. ..' 13. I.oan Ch�rstes. [f the loan secured by thi+ 5crurity lmtrunicnt i, cubjcct ca a l;lw which�et+mnximum loan �
<br /> -. . - -
<br /> " � charges,und that law is finally interpreted so thut the mteretic or o►hcr iur�i�hargcs cotlected or ta t�c co!lected in connection .
<br /> � with thc loan exreed the pertnitted limits,then: (u)uny xuch lo:�n chnrgc xhall be reduced by the umount necessury to reduce
<br /> the churge ta the permit[ed li►nit:and(b)any sumx ulready cullected from Bormw�r which exeeeded pertnitted limits will be
<br /> ..,,..-y:;:.•
<br /> refunded to Borrowcr. Lender muy choo.c to makc thi.refund hy r�ducing�he principal owed undcr thc Notc or by making•r R_
<br /> �� dircct paymeni to Borrower. If a mfund mduces principal,the�eduction will be treated ur a purliul pmpayment without uny
<br /> ' prepayment chsuge undrr the Note. --
<br /> � 14. Notices. Any nntice to Borrowcr pmvided fur in thi+S�curity In�trument shull be given by delivcring it or by
<br /> mailing it by fint cla.r mail unletis applicuHlr luw rcyuims use uf anathc�rnrthcxl.The ncxicc shull be directed to the Propeny
<br /> Addrcs.or:►ny other addre.s BoROwcr de.�Fn:ne.by noticr tu l.cnder. Any nutice to Lrnder shall be given by first class ���
<br /> y �i nathi�Sccurity Inatrument ,h:►IIRhe dcrmed�ta� huvc hern�given t��Borrc wer or�Lcndc�r��when gi enYu.c pmvided�indthls �_
<br /> � " •r- p��s15 hGoverning 1.Aw: 5everabUity. Thiti Security Inytrument shall tk govemrd by fedcral law :md thc luw of the _
<br /> ,. � jurisdiction in which the Pmperty i�I�xated. In th�cvent that:my provi,ian ur cluu�e of thi�Scrurity Instrument or the Nate �•
<br /> � � conflictti with upplicublc law,�uch conflirt�hall not aftect othrr prov��iun.uf thi�Sccurity Imtrumrnt or thc Notc which can ��-
<br /> , � " � bc given effect without thr contlicting provi.iun. Ti�thi�end thc pr��vi,ion+of thiy Scrurity Inxtrument und the Notc�re __
<br /> � .. • declared to bc ucverable. R.
<br /> j 16. Borrower's Copy. Borrowrr shall tx�ivrn unr c�mti�rnicd ropy of the Natr and of this Securiry In.trument.
<br /> . � 17. 7Yansfer of the Property or�+BenePciul Interest In Borrnwer. If aU��r c�uy part of thc Pru�xrty or uny interctit in _
<br /> ,,,_„ , it iti wld or tramfcrrcd (or if u tx:nrtirial intrrc.t in I3urrowcr i. ,uIJ��r trantifrrrcd imd Borr��wcr i+nut a naturul person)
<br /> °4/" ' without Lender+prior written ron.ent.Lender may,at it�uption.rcNu����mmcdu'tr puymcnl in full af t�ll sums ticcurcJ by +
<br /> `" '�`�•: '� f this Security Inxtrumcnt. Howcvcr,this option�hull nu►tx ex�rci,ed by L�nder if exerci,r is pruhibitcJ by federul law as of
<br /> ;�-,i�t thc dute of this Scrurity In�trument. y-
<br /> ' -" �-•�• If Lender exercises thi.option,LenJer�hall rivr Bunuwcr nc�ticc��[accc►cratiun. Thr nuticr shall pmvidc u pericxi of
<br /> '•• �. not Iess thun 30 duys from the date thc notice iti drlivrrcd ur m:►iled within which B��rrowcr mu�t pay all�ums�ecured by this
<br /> �� .,- ''� •• Security lntitrument. If Borrowcr fuils to pay these sumti priar to thc cxpiration ot' thiz �xri�xl. Lcnder mny invoke uny
<br /> � remedies pemtittcd by this Sccurity Instrumcnt withuut furthrr notire or demand un Burrowrr. .
<br /> ,� ' , � ,= •!• 18. Bnrrnwer's RiRht to Reinstate. If Banvwcr nteet�crrtain conditi��m. Borruwer �hull havr thr right to havr -
<br /> A `+� �'�� •• �•`;��i•�•� i enforeement of this Security Instrument disruntinucd ut•rny ti�m prior tu the rarlier ot: la)5 day.(�r xuch i�thcr period as �, .
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