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<br /> condemn�tion or ahe�ukin�of�ny ps�t of tho Propecty.a far conveyw�ce ut lieu pf condenuiation.iu�e heneby a�siQned and
<br /> sb�ll bc paid tu Lender.
<br /> In the event of a total talcing of the Property, the procads shall be appUed to the sums xecurcd by this Sxurity
<br /> Instrument,whcther a tiat then due,with any exceca pwid t�Borrowar. In thc event of a puti�l takin�of the Property!n
<br /> which the fair matket value of the R+operty immediately befanc thc taking!ti oqwl to ar�rcxur than the amount of the e�um+�
<br /> secured by this Sxudty Insuumcnt Immediately befarc the tuking.unless Borrower und Lcnder otherwisc agrec in wdting.
<br /> the sums secu�d by this Saurlry Insuument shai! be roduced by the amount of the proceala multfpUed by the foilowin�
<br /> ��=_____� fracdon: (n)thc total amuunt of the soms securcd immediatety bcforc thc tolcing,divided by(b)the fair market vnluc af the
<br /> Propeny fmmediutely beforo thc taking. Any balAnce shatl be pald to Bamower. In the event of a partiul taking of the
<br /> Property in which the fair markct value of the F'roperty immcdiatety befarc the taking is less than the amount af the sums
<br /> secu�+ed immediately before the taking, unless Botrower and Lender aherwise agrce in wdting or unles� upplicable law
<br /> otherwisa providea.the procads chali be applied to the cums securccl by thi�Security lnstrument whether or not the sums are
<br /> — then due.
<br /> If the Property is abandoned by BoROwer,or if,aRer notice by Lender to�orrower that the candemnor offer:g to make
<br /> ._...__.� an award or settle a claim for damages,Borrower fails to respond to Lender within 30 days ufter the date the notice is given. .
<br /> Lender is author�zed to collect and appty the pcnceeds,at Its option,either to restorntion or rcpair of the Hoperty or to the
<br /> sums secured by this Security Instrument,whether or not then due.
<br /> __�___� Unless Lcnckr and BoROwer otherw[se agrec in writing,any applfcation of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments mfecred to in parugrnphs 1 nnd 2 or chunge the amount of such payments.
<br /> I1. Borrower Not Released; Forbearance By l.ender Not x Waiver. Extcnsion of the timc for payment or
<br /> - - modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in intertst
<br /> of Borrower shall�ot operatc to relense the Ilability of thc ariginal Borrower ar Barcower�s successorx in intcrest. Lender
<br /> � � .,,��;,. sh�if not be required to commence proceedings aEa�nst eny successor in interest or refuse m extend time far payment or _
<br /> �. - otherwlse modify amortization of the sums secured by this Security Inswment by reason of uny demand mudc by thc originnl
<br /> Borrower or Bonawer�successors in interest. Any forbeorance by Lender in exercising any right or�emedy Rhall not be a
<br /> . waiver of or preclude the exercise of nny right or remedy.
<br /> '� '�` �^ 12. 5uccera�ors and AssiQos Sound;Joint a�d Several Lfability;Casigners. Thc covenantx and ugreements of this
<br /> 'i�:•.� Security Instrument shall bind;u�d benefit the successors;u�d atisigns af Lender and Borrower. subject to the provisions of
<br /> �,c:.';,� .r.,,.,�..
<br /> -s•;t::,;,, • paragraph 17. Borrower's covenants and ugreements sholl be joint und several.Any Borrower who co•signs this Security
<br /> 1}�.�•`i:��i Instrument but dces not execute the Note: (a)i,co-signing this Security Instrument only to martgage.grant and convey that
<br /> '�� � Borrower's interest in the Property under the tertns of this Security Instrument; (b)is�ot pecsonally obligated to pay the sums
<br /> t�•�' '�'`"""-`�'� secured by this Securily Instrument;and(c)ugrees that Lender and any other Bonower may ngrec to extend,madify,forbeur
<br /> • `����,, �� or make any uccommodations with regurd to the termz of this Security Instrument or the Note withaut thut fiorrower's•
<br /> • . � • consent.
<br /> '=`'• 13. Ie►an C.Myrgers. If thc loan .r•ecured by this Sccu�itv Inctn�ment is subiect to u luw which set�: muximum loan
<br /> x.��t�li9W�wiw,+,.,.r�..,;,-.+,�
<br /> � •��r:;„=::�:��:.z�., ;:; ' chnrges,und thut law is Gnaliy intcrprctrd�u ihai ti�e intc�e�t u�oti�e� iuu�i�harses coticcted ar ia tsc caticcicd in connection
<br /> with the(oun exceed the permitted limits,then: (u)any.uch loan charge tihap be reduced by the amount necexsury to reduce
<br /> � c;'��;'i ,� .� the churge to the p�rmitted limit;and(b)any sums almady collected f�am Bormwer which exceeded permitted limits will be
<br /> ��°�; � refunded to Borrower. Lender muy chooxe to make this refund by mduring thc principul owed under the Note or by mnking a
<br /> � "-�`"�'�� °' �'''° direct payment to Borrower. If a refund reduces principal,the mduction will be treuted As n pnrtinl pmpayment without any
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<br /> ��-;,::� •, � re a ment char c undcr the Note.
<br /> ;'f.ik:., .,�•; , P P Y 6
<br /> , , 14. Notices. Any notice to Barrower provided for in this Security Instrument shaU be given by delivering it or by
<br /> „ muiling it by fint clnss mnil unicsti applicublc luw rcyuirc�usc of unothcr methal.The noticc shall b�,directed to the Property
<br /> ;;�;t��.•,.� . . Addrcss or any other address Borrowcr designutes by noticc to Lcndcr. Any notice to Lcnder shall ix:given by first clasti
<br /> _ ����y� mail to Lcnder ti address statcd herein or uny othcr Address Lendrr de,ignateti by noticc to Borrower. Any notice provided for
<br /> �^� _,�,;,�,;s. in this Sccnrity Instrument shall bc decmed to huvc hecn given to Borrower or Lender when given as provided in this
<br /> ' .=v.�: . .. �',' paragraph.
<br /> • _1,�,,,�.�_;,,�„ 13. Governing Law;SeverabiUty. This Sccuriry Instrwnrnt shall t►c gavcrned hy fcderal luw and thc law of thr
<br /> ���.� :;..,., jurisdiction in which the Property is located. In the event thut uny provixion or clause of this Security lnstrument or the Note
<br />, �.ti,;�. ,, :,� • wnflicts with upplicuhle law,xuch conflict.hall nat affect uther pr��vi�ions of this Security Instrument ur the Note which can
<br /> .�;.,.... •., ,•, be given effect without the rnnfliciing provision. To this end thr provisionti of this Securiry Instrument und the Note ure
<br /> :����s' ' • dcclarcd to bc scvcrablc.
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<br /> "�l;,:•'�'. ' 16. Borrower's Cupy. Borrower tihull ix given ime confnnneJ a�py of thc Notr unJ of this Sccuriry Instrument.
<br /> ,���"-�•` ' �."'•�� 17. 1}�ansfer of the Pro rt or a Aeneticlal Interest in Borrower. if all or an in of thc Pm rt or an interest in
<br /> >.:,.� Pe Y Y P� P� Y Y
<br /> ;,.>,'�;.,.:. it is sold or trunsfcrred(or if u bcneGrial intcrest in Borcowrr is sold or tranxf'crred and Borrower is not u naturul pcnon)
<br />. •� , without Lcndcr's prior written con+ent.Lrndrr may,at its option, rcyuire immrdiutc payment in full of all sumti ticcurcd by
<br /> ' .;.�;;; : ' this Security Instrumcnt. Howcvcr,this option shall not bc exercised by Lender if excrcise is prohibitcd by federsl law us of
<br /> �� the date of this Security Instrument.
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<br /> ' ��:t �.:...;• . if Lender exercises this option,l.ender shall give f3ortower ncxice of aceeler.�tion. The notice shall provide a period of
<br /> =��� �"' ��''� not lcss than 30 days from thc dnte the noticc is delivcred or mailed within whirh Borrowcr mu+t pay all sums ucured by this _
<br /> � �t.�� � Sccuriry [nxtrument. If Borrowcr fuilz to pay these sums prior to thc cxpiration of this periad. Lrnder muy invake uny
<br /> x;.- �• remedics permittcd by this Security Instn�ment without furthcr notice�u Jemund on Rurruwcr.
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<br /> ' ��„_'�i,�_,.t,.... IS. Borrower's Right to Reinstate. IT Borrnwcr mceh ccrtuin conditions, Borrnwrr shall havc the risht to havc
<br /> _.� - , enforcement ot'this Securiry instrument discontinucd ut uny timc prior to the eudier��f: (a)5 duys(or such other period us
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