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<br /> condemnation or othor Wcin�of smy pwrt of the Property.or fut canveyance in lieu of coodemRUlan,ue heroby w«i�ned�nd
<br /> slWl bcµaid to Lender.
<br /> In the event of �tou�l uikln�af the Property, the procexda �h�il be appliod w the �umr �ocurcd by thi� 5ecurity
<br /> Instn�ment,whether or not then duc,with�ny cx�;ers paid to Bomower. In the event nf Y pwtial trkin�of the PropeRy in
<br /> which thc frir mprket value of the PcapeRy immedittely beforc the t�{cing Is equ�l to or�rc�►ter than thc wncx�nt of the rumr
<br /> securcd by this Security lnctrument immediutely bcforc the twking.unte�s Borrowcr end L.enJcr othcrwise ugrco in writinQ.
<br /> che sums�serured by this Sa:uri[y Instrument stwll be reduced by the wnount of the�xoceeds mulUplied by the fotlowin�
<br /> fraction: (a)thc tatxl amount of the s��ms xecured immediAtety beforc the tuking.dividcd by(b)the fvir muket vAlue of the
<br /> -_�'�"' F'ropCrty itnmedialely befure tlle Wking. Any b�►I:uicc►h:►Il bc pald to liorrower. In thc event of a par►lal taking oi the _._.
<br /> Rnperty in which the fair marlcet value of thc Propeny immediutely befnrc the taking is less thun thc�maunt of the sum�
<br /> securcd immediatcly before thc taking,unless Bortower�nd Lendcr otherwfse ugrcc in writing or unless sipplirable law
<br /> o[herwise provides.tho praceeds shrll be applied to the sums secured by this Securiry Insuument whether or oot the sums cir� -�
<br /> then due.
<br /> If the Property is abandoned by Borrower,or if,after notice by i..ender to Borrower thAt the condemnor affers to malce
<br /> an award or settle a claim for damagec.Bonower fails to respond to Lender within 30 duys uf¢cr the date the naticc is given,
<br /> Lender is authorized tu collect and npply the proceeds,at ita option,either to restorution ot mpair of the Property or to the
<br /> sums secured by this Security Inswmcnt,whether or not then due.
<br /> Unlesc Lender and Barrower othenvise a�ree in writing,any applicutian of proceeds to principal shall not extend or
<br /> postpone the due dute of the monthly p�yments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> - _- 11. Borrower Not Rekased; Forbearance By Lender Not a Waiver. Extension of thc tirnc for payment or
<br /> - - madificution of amortization of the sumti secured by this Secudty Instrument grunted by Lender to•rny successor in interctit
<br /> �=-a of Borcower shali aot operAte to releasc the liubility uf the orisinal Borrower ar Borrowcr� succeswn in interest.Lender
<br /> =- shall not be required to commence proceedings against uny successor in interest or refu�e to extend time for puyment or _
<br /> otherwise modify amoni�ation ot the xums xecured by this Sccurity inslrument by rcawn of uny dcmund made by the originnl
<br /> Somower ar Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a
<br /> waiver of or preclude the cxercisc of any right or remedy.
<br /> 12. Successors And Asstgns Bound;Joint and Several Lisibility;Casigners. The covennnts und ugrcements of this
<br /> Security In�trument shall bind und benefit the tiuccetisors und ussigns af Lendcr and Borrower,subject to the provisions of -
<br /> pnragrrph 17. Borrower's coven:uits und agreement; shall be joint and severul. Any Borrower who co-signs thiti Security
<br /> Instrument but dces nat execute the Note: (a)is co•xi�ning this Securiry Instrument onty to mortgage,gr.�+nt and convey thut _
<br /> p�; � Borrower's intere+t in the Property under the termr af this Sccurity In�trument; (b)is not personally obligatcd to pay the sums
<br /> �.';: ;��.N,Y*., securcd by thic Security lnstrument;and(c)ugrees that Lender und any other Borrower muy agrce to cxtend,rnodify,forbear
<br /> . K- , or makc any accommcxiutions with regard to the termz of thiy Security Instrument or the Note without that Borrower's
<br /> y ' � , .�;:.:s:•: consent.
<br />- •. y�t'�r�';":b ___
<br /> �'�.�.: �� 13. Lw�n ChArRes. If the toan .ecured by this Security In+h ument is �ubject to a law which sets rnuximum loun
<br /> -- ,.,,,};�;.;,�.�,.«:;,��,♦,t., charges,and thst lai:•is fina!!y intcepreted so thm thc int�r�•�r nr oth��r loan charees collected or to be collected in connection _
<br /> :,�;:•..;;:.•�.. . with the laun exceed the permitted limit+,then: (u)uny such loan rhurge shuU he reduced by the umcwnt necessnry to reduce __
<br /> ' _�„�;,��;.,;_�„ ..• , the charge ro the permitted limit;unJ(b)any sumti ulreudy collect�d from Burrower which exceeded perniitted limits will be
<br /> ' ;�• ; refunded to Borrower. Lcnder may choose to make thiti ret'und by reducing the principal owed under the Note or by making u
<br /> ' � 1 �•� �" direct payment to Borrower. If a rcfund rcduces principal,thc reduction will hc tre•rted us a partiul prepuyment without any __--
<br /> . "'°"''�`" prepuyment chargc undcrthc Notc.
<br /> . :�;. :..
<br /> , . � 14. Notices. Any natice to Bora�wer provided fitt in thi+Security Ins[rument shall be given hy dclivering it or by
<br /> mailing it by first clasti mail unirtis applicablr luw reyuires u�e of unother methexi.Thr noticc tih•rll tx�directed to the Property �
<br /> .� ��''` •�� Addrexx or uny other uddretis Borrowcr de+i�;natrti by notire to l.endre Any noticr to Lender+hull he given by tint clasti E
<br /> ' � mail to I.ender;•rddresr�tated hercin or amy��thcr uJdmsti Lrnder de+ignutcs hy noticc tu Borcowee Any noticc providcd for
<br /> =�_ "'°'''�� � "' �' in thix Security In.trument tihall hc deemed to huve txen �iven tn Bonower or I.ender when given as provided in this __� '
<br /> ;,iC�,«.,s:. , .
<br /> � � PLfL�'f:t�l�l. !::--.-.
<br /> 15. Governin� I.aw; Severability. Thi� Securiry In�trument �hall hc govrrncd by frdcral 1•rw and thr luw of the ___.
<br /> ' jurisdiction in which thr Propeny i,located. In thr evrnt thut:my provitiion ur dau�r uf thi+Security Instrument or the Note -
<br /> _ ' conflictx with upplicnhlc law..uch conflict tihall not aff'cct��thcr provitiiom of thi.Srrurity In.trumrnt or thc Notc which can �`
<br />' ' � , be given effect without thr eontlictin�provixion. Ti�thi� end th�pruvi�icm.of thi,Srcurity Intitrument und thr Note are __
<br /> �.� declurcd to he ticvcrahlc. —
<br /> � 16. Rorrow•er's Copy. B��ca�wcr�hall tx givcn�mr cunti�rn�rd cupy uf thc Nou and��f thi.Sccuriry(n.tn�ment. `�°'
<br /> 17. 'IrAnsfer of the Property or a Beneficiul Interest in Bnrr��wer. lf aU ur uny part of thc Prc�prny ur•rny interetit in
<br />__ �y it ix tiold or trnnsf'erced (or if a fxnrt5rial imcre.t in Horrowcr i. tiold ur tran.t'crrod and Burrower i+nat a aatural�xnon) -
<br /> �:�� wilhout Lcndcr;priur writtcn cun.cnt.Lcndrr mc►y.at ih opti�m. rcyuim ironu�cliatc paymcnt in t'ult nf all suma,ecur�J by .
<br /> �> thi�Security ImlrumrnL Howr•�cr,this option+hall nut Ix rxcrcised hy Lendcr if rxcrci+e i.pmhibitrd by f'edcral law as ot' _
<br /> ' �' ' the date of thiti Sccurity In+trument. Q:__
<br /> If Lender exerrities this option.l.endrr�hall givr Bonuwrr noticr of acccleratiun. The nutire,hull proviJc a�xri�xl of
<br /> � �`�� • not lc..than 30 days from thc dutr thr nntirc iti drli�•crcd or mailrJ��•ithin u•hich BorroN•cr mu+l pay all tiumti ,ccureJ hy Ihi� �...
<br /> E • Sccurit Instrumcnt. If Bormwcr failti to .� thctir �um� riur tu t hr rx iration uf t hi. riud, Lcn dcr ma �nvn kr un �
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<br /> ' mmedicti pertnittcJ My Ihi.S�turity lmtrumrnt without lurthrr m�tirr cir dcmund un Borru��rr.
<br />-_ ` � 18. Borrower's Ri�ht tn Reinstate. If Borrowrr mretti crnain conditiun.. Burru�ccr�hall havc thc right tu have
<br /> � � enforccmrnt of thi.Scrurity Instrumrnt di,cuntinucd at any tinu priur tu thr�arlirr ut: t:i►5 day.lur ,urh �Nh�r�xri�Kl u,
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