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<br /> • ' 'ax�demnatfon or otlter takit�of any pwt of the PrapeRy.or for conveyanca in lieu of condemnation.u�e h�eoeby usiQned�nd
<br /> �hall be pRid to Lender.
<br /> In the event of� total taking of the Propeny, fhe pcoceeds sh+�� be �Pp�ied to the �ums eecurod by this Securicy
<br /> Inxtn�ment,whether or oat tha►due. with any excesa pald to Bortower. {n the cvent of x pa�tial ukin�of the Pr+operty in
<br /> which the fdr market value of ihe Property immediatcly bcfor+e thc tAlcing is eyual to or grcater than the amount of the aums
<br /> secuced by thi�Secu�ity Inst�ument immcdi�tely befo�+e tho t�.{ciny, unless BcKrower wid Lcnder otherwisc agree in wridng,
<br /> _T_� the sums secured by this Socurity Instrument �hull be rcduced by the amamt of the procads mulNpiied by the following
<br /> �— traction: (a)Ux tatat amount of the sums securcd immediuely beforc the talcing,divided by(b)thc fair market value of the -�
<br /> Property immediately beforc�he teking. Any balance shall be paid to Borrower. In the event of a partiai roking of tlte
<br /> Prc�xrty in which the fuir markct valuc of the Propcny immediately b�:fore the taking is less thun tix amaunt of the suma
<br /> � secuc+ed immediately beforc thc taking, unlesti Borrower and Lender otherwise agrce in writing or unless applicable luw
<br /> otherwis;c provfcks,thc proceeds shall be upplied to the sums r.aured by this Security instniment whether or not ihe sutns a�e
<br /> then due.
<br /> _ ____ If the Prc�eny is ubandoned by Borrower.or if,ufter nntice by Lender to Bocrower t{�at the condemnor offers to make
<br /> —�—AT_�_ _ rzA nn nwurd or sctUe a cluim for dumages,Borrowcr faits to respond to Lender within 30 duyx ufter the dute the noticc is givcn,
<br /> Lender is Authocized ro collect smd apply the proceeds,nt its ophon,either to restoration o�repair of the Property or to the
<br /> sums secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Bocrower otherwise agire in writing,uny appiication of prceeeds to principal shall not extend or
<br /> ___ postpone thc due datc of the monthly paymcntti rcfcrtcd to in puragr.�phs 1 and 2 or change the amount of such payments.
<br /> — 11. Borrower Not Rekaised; Forbearana By l.ender Not a Wi�iver. Eztension of the timc for payment or
<br /> -------- modification of amortization of thc sums secumd by this Security Instrument granted by Lender to any successor in interest
<br /> � — - of Borruwer sha11 not openrie to rclea�e the liubility of the originAl Borrowcr or Burrower�succeswrs in interext. I.ender _
<br /> '''''��;�fltr!� ��`� �hall not be mquircd to commence proceedings against any succexzor in interest or refuse to extend time for payment ur
<br /> ' .�r-�;;3�`'�;;�- othenvise modify umartizution of the sums secured by this Security lnstrument by rcason of any demand mude by the originai
<br /> ''-�•' �� •`-'�°� ''�• Borrawer or Barrower's yuccessors in intemst. Any forbeamnce by Lender in exercising any nght ar remedy shall not be a
<br /> `' +• �w•- .. waiver of or pmclude the exercise of any right or remedy.
<br /> .��:`:•:�r;;�''��` 12. Successors and A�.Signs Bound;Joint and Severall.iabUity;Co�siRners. The crnenants and agreements of this
<br /> .. , • r:��.�e..
<br /> �;,�,,::��,,A;���,,�'.• Securiry lnstrument shall bind und beneFt the.ucce�son ond assigns of Lcnder und Borrowcr,subject to the pruvisionti of
<br /> • �,:�:.�_„-.. ' paragraph 17. Borrower's covenuntx und ugrcements shall be joint anJ +evernl.Any Borrower who co-signs this Security
<br /> �1° '���*;"��3'��" ° Instrument but docti not executc thc Nute: (a)is ca-si�ning this Security Instrument only to mortguge,grrnt and canvcy thut
<br /> '�"�"��.��� ' BoROwerx intercst in the Pro{x rty undcr thc tcrmx of thiti Sccudty Instrument; (b)iti not personally obligAted ro pay the sums
<br /> �ik+�:-_.:. �, �,.
<br />,- ., �- '"' secumd by this Securiry Instn�ment;and(r)ugrcez that Lender and:►ny other Borrower muy ugme to extend,modify,forbe:u
<br /> - ��"`"'a'}� � •'"���}�; or mukc any ucrnmmadntions with rcgurd to the trrnis of this Security Instrumcnt or thc Note without thnt Borrowerc
<br /> - -- �j�-.-'�;::�,' consent.
<br /> �.,;�,�.._;:. . ' . i3. i.uru L:i�r►•gt:s. if i�� Ioan �c.urcd !�y thi�: Secuzity li�,trument i5 sabject t� :� lnw which ret. muximum loan ,
<br /> �;:;� ' chsrges,and thut luw ix tinully interpretcd.o that tfxs intere�t or othcr lu•rn rhurge.rollected i�r to he collected in connection
<br /> ' with the loun cxrced the permittrd limitti,thcn: la)any.uch loan charge+hall br reJuced by thc umount ncre+tiury to redurc
<br /> ,' the charge to the prrmitted limit and�b)any tiumti ulrrudy raUeeted from Borrower which excceded prrmitted limit+will tx _
<br /> • . � • refunded to Borrower. Lender ntuy cha»r to makr this rcfund hy rcducing thr principal owed under thr Note or by making a v_
<br /> � � ' � dircct payment ro Borrower. If a ret'und rrdure.principal,the reJuctiun will lx trrated a.a purtial prepayment without uny
<br /> ' ' • prepaymcnt char�r undcr thc Notc. _
<br /> 14. N��ticeti. Any noticc to t3urru��'cr proviJed fi�r in thi� Sccurity In�trument.hall tx�iven by dclivcring it or by
<br /> _ muiling it Ny fir�t rla�s mail unlr,ti applicahle law rcyuin+utir of unothcr methc�.Thr noticc shall lx dimcted to the Prc,�erty -
<br /> Addrc+ti ar any uthcr addrr., Borrowcr dc�ign:uc.r by natirr to Lendcr. Any nnticr tu Lcndcr tihall tx given by firtit clu�s
<br /> " �� mai!to Lcnder�.:�ddre��.�:tsted herrin��r.��i;-��thrr:�drlrr.�1 rndrr ditiign:rtrti hy notire to Bo�TOwrr. Any notire provided tix
<br /> -Y,�'� � in thi+ Security In.trumcnt shall Ik Jrrmed to have Ixcn �iven t�� Borruwrr or Lender whcn given ar pruvided in thi+
<br /> `� � puragraph. --
<br /> , 15. (iuvernin}; I.iw; Se�•ert►bilitv Thiti Scrurity In.trumrnt �hall Fx gavrrncd by tedcral law anJ thc law of thc
<br /> � jurixdictiun in whieh the Proprrty i, Icxated. In thr event thae:my pruvi�ion or clautir ut'thi. Srrurity lmtrument nr thc Ncue
<br /> ronflicts with�pplicahlc law..uch conilict,hall nut al t'ert uthrr pr�wi�ium uf thi.Srrurity Imtn►nunt ur Ihc Notc which r.an
<br /> '.` tx givrn cffc�t withuut thc contlirting p����•++ion. Tii thi+rnd thr provitiii�m uf thi.Srrurity lm[rumrnt und the Notc urc ��'=`
<br />- � dcclured to lx.rvcrnhlc.
<br /> . 16. Borrower's Copy. Burrowcr�hall tk�!iven un.cunfunnrJ rupy uf the Nute and uf thi.Securiry Imtrument.
<br /> 17. 'Il�unsfer oP the Property�rc a Bene�ciut Interest in Bo�rnwer. If all ur any part ut thr Pn�{xrty ur any interc�t in �,_i,,
<br /> it i+�old ur tran,frttrd(��r if u txnrtirial intrrc+t in Rorru�vrr i. ,�,Id ur tran.tcrrrd.md B��rn�wrr i. nut :i natw•al Exr.c�n) -•--
<br /> _' ��';���' '• withont Lcndcr ti prior writtcn romcnt.Lrndrr nr,��. ut it,o{�tiim. reyuirc intntcdiatc paymrnt in fuU��f all.umti,crured by -
<br /> � thi�Seruritv In�trumrnt. Howcvcr,thi.uption.hall nat Ix rxcrci�rd by Lrndcr if rxcrcix i.pruhihitrd by frdcrul luw a.of �'`�
<br /> thr dutc of Ihis Srrurity Imtrument.
<br /> • '-,.:�.�+� If LenJer rxrrci,e,thi�uptiun.LcnJer�hall giv� 13ornitier n�t�ir�ut ucrrlcratiun. l'hr nutirr,h:tll provldc;�(kri�xi uf s�
<br /> � x..,..:, . not Ic,ti thun 30 days from thr datc th�nutire i.dcli�•crrd or rn,�ilyd��ithin which 13urraurr mu�t pc�y:►11,um,+crurrcl h��thi. �_'
<br /> - . Security Intitrumrnt. !f Burru��•cr Cail. tu p:i�• th�.r .um. rrinr tu tlir r�pir:uion uf thi� F�rn�x1. Lrndrr may invakc :my '--
<br /> ' n:nt�dirti�nnittcd hy thi�Scrurity In.tnuncnt��•ith��ut 1imh�r nuticc��r dcmanJ un linrco«er. c_�-
<br /> _.� �.#
<br /> 18. Borru��•cr's Ri};ht to Reinstufc. If Burr��wrr n��ct. renain r�mdition.. f;�,rr�,��er.hall haee thr rigln tu havr �
<br /> , �.
<br /> rnti�rcemrnt ut'thi.Srrurit�•Intiwmcnt di,runtinu.d at:my timr��ri��r t��th�r:ulirr ol` 1:u S dat.���r,urh uthcr�xri�xi a� �.
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