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<br /> condemn�tian or wtier takin�ot iu►y p�t oP dw�fq�ety.ar tor oonwy�ncs k liw af oond�wwlon.ue Iwnby�ipMd�nd �
<br /> �Il be pdd to l.encler.
<br /> 1n the event ol r ldal idcin�ot�ha Propeny. the proc�eeda �h�ll he �ppUed w the sume �ecurod by thi� 3acurity
<br /> Inurumer►t,whether ar nw tha►duc.wlth �ny enceu pid to Bnrrrower. !n the event at�putW uki�a of the Propcny in
<br /> which the fair muket value of the Property immedlately befa�e the WcinQ i�eqwl to or�ter thu�the ur�ount of the xum�
<br /> socura!by thir Saurity Inauument imnr.dlately befaro the t�icin�,unku Botmwer�nd l.ender�+tt�erwl�e a�roe in writin�,
<br /> the sums�ecurod by thi�Secudty lnstnunent sh�ll he roduced by the �mount of the pra�eed�multiplied by the lollowlnO
<br /> - �.-- —_ -------w frection: (n)thc tata)amaunt of the�um��ecun:d immodirtely hefore�he tekirtg,divldcd by (b)�he idr muket velue of the
<br /> Property immedistely bcfore the ufcinR. My b�lu�ce sl►�It be paid to Bwmwer. In the event of w pWtial nkin� of the
<br /> Propeny in which the fafr market v�lue of the Property immediately betbre the leking is kss than the amount�f the aums
<br /> cecurcd immodi+uely bGfore the t�lcing,unles� eorrower and l.ender otherwlre agcr,e in writing or unlesa appliable law
<br /> othenvise providec.the proreods ahall be applied w the wrtw securod by thls Security Incwment whether or not the surtu an
<br /> then due.
<br /> — If the PropeRy is uf�ndoned by Homower.or if,afier notice by L.endor to Bomower that the condemnor offers ro mAlce
<br /> an awiud or settle a clnim for damages.Borrow�r fails to rcspand tu Lender wlthjn 30 days after the dote the noNce i�given,
<br /> l.ender is a.uthoriud to collxt wxl apply the procads,at its option,either to rcstotation ot�rep�ir of the Property or to the
<br /> sums secund by this Secur�ty lnstn►ment,whether or not then due.
<br /> Unless Lender and Borrower exhenvise agree in writing.any application of procoeds to princlpal shall not extend a
<br /> pastpane the due dato of the monthly payments referted to in paragraphx 1 and 2 or change the�unount of such payments.
<br /> 11. Borrower Not Released; Forbearance By Lender Not w Wa[ver. Lxtcnsion of the time for puyment a
<br /> �T�= modtfication of amortlzatton of the sums secureci by this Security Insuument granted by Lender to any succecsc►r in intercst
<br /> of Borrower shall not operate to release the liability of the odginal Borrower or Borrower�s successors in lntercst.l.tnder
<br /> , �}} shall na be nequit+ed to commence proceedings against any successor in inten;�t ur refuse to extend time far pAymont or
<br /> otherwjse modify amortiu►tion of the sums secured by this Socurity Instrnment by nason of any demand mede by the original
<br /> -'` Borrower or Borrower�successors in interest. Any forbearance by Lender in exercising any ri�ht or remedy shall not 6e t
<br /> •`•:.�.u•. ��:,.�.;. :::��� waiver of or pmclude the exercise of any right or mmedy.
<br /> �N' '�`'`•�` � ��''`' 12. Successors And Assi�ns Bound;Joint And Several Wxbility;Co-signers. Tt�e covenants and agm.ements of this .
<br /> •'`�'� Securit Insuument shall bind u�d benefit the successors and asslgns of Lender and Borrower,subject to d�e provlsions of
<br /> - "+s�,��p;���•�.�` parag ph 17. Borrower's covenants and agreements shall be joint and several. Any SoROwer who co-signs this Secudty
<br /> �-,'• Instrument but dces not execute tlu Note: (a)is co-signing this Security lnstrument only to mortgage,grant and convey that
<br /> •�:�t;•,'<�,,;.:��,• x,••:,��: Borrower's•intenest in the Property under the terms af this Securiry Instrument; (b)is na personally obligatcd to pay the sums
<br /> - ,� �' t,.. �;• secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may ascee to extend,modify,forbear
<br /> _�'� :.�%��''�'"��'' or make any accommodntions with regard to the terms of tMs Security Instrument or the Note without that Bomowerh
<br /> - consent.
<br /> ;4��:;,�:._::i:;���.::. ... 13. Loan CharRes. If the loan secured by this Securiry [nstrument is subject to a law which sets maximum loan
<br /> '- , charges,und that law�is finally interpreted so thut ihe interest or other loan charges collected or to be collected fn connection
<br /> ` " with the loan exceed the permitted limits,then: (a)any such(oan churge shal!be reduced by the amount necessary to reduce
<br /> , the charge to the permitted limit; and(b}any sums already collected from Borcower which exceeded permitted limits will be
<br /> . refunded to Borrower. Lcnder may choose to makc this rcfund by rcducing thc principal owed under the Note or by making a
<br /> ' • direct payment to Borrower. If a refund reduces principal.the rcduction will be trcuted os a purtial prepuyment without any
<br /> � prepayment charge under the Note.
<br /> - 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> �! mniting it by first clas,mail unless upplicnble law requims use af unother method.The notice shall be directed to the Pro�xrty
<br /> Addrezs or uny other uJd�ss Borrower designates by notice to Lendrr. Any notice to Lender shall be given by first eluss
<br /> r�. , muil to Lender's uddre.r•s stated herein or any othcr addresx Lendcr designntes by notice to Borrower. Any notice provided for
<br /> :� •• in this Security [nztrument shuU bc dcemed to havc been given �o Borrowcr or Lcndcr when given as provided in this
<br /> .�p puragruph.
<br /> I5. GoverninR I.�tw; Severability. This Security Instrumcnt shull bc �ovemcd by fedcral law and the law of thc
<br /> . � � jurisdiction in which the Property is I�x•rted. In the event th,n any pruvitiion ur cluuse of thiti Security Inatrument or the Note
<br /> conflicts with upplicuble luw,such contlict +hall not affect other proviyions of this Security Instrument or the Note which can
<br /> • ' bc givcn cffcct without the rontlicting provision. To this end the prrnision�of this Security Instrument And the Note are _
<br /> , . dedared to Ix tieverable.
<br /> � 16. i3orrowcr's Cupy. Borruwrr�hull lx givcn anc conf i�mirJ copy of thr Notc and of this Security Instrument.
<br /> 19. 'lFunsfer oP the Property ur a Reneficial lntcrest in Borrowc� If all or any purt cif the f'm{x:rty or any intcrest in
<br /> ° it iti sold��r tr:+nsferred (or if a heneticial interr,t in Harcowrr i� snld or trunsfrrrcJ und Bormwer is nut a nuturul pe�rsonl
<br /> without Lendcr:prior written r�msent,Lcadrr may,ut it�option, reyuire immcdiate payment in full of all tiums secured by -
<br /> this Security Instrument. Howevcr,this option shall not lx:cxcnised by Lender if exrrci.c iti prohibited by fedcrul law u�of
<br /> the dute of thiti Security In+trument.
<br /> . If Lendcr excrcixex this option,Lender xhull give Borrower natice of accelenuion. Thr notice shall provide u periud of
<br /> . not Icx�than 3U day,fmm thc Jatc thc nuticc i.dclivrrrJ ur mailcd a ithin whirh Burru��rr mu.t pay all.ums zecured by this -
<br /> _, Security Instrument. If Borrowcr fuil.tc► pay thc.r swnti priur t�i thr rspiration of Ihi.�xriixl, Lender muy invoke any
<br /> rcmedies pemiittrJ hy thi.Security Imtrumrnt without 1'urther notice ur drmand un BorniHrr.
<br /> 18. Borrower'.s Ri�ht to Reinstute. If Borruwrr mcrth crrtain runditiun.. Barrowrr+hall h;rvc thr right to have
<br /> . i enforcement of thi,Security Imtrumrnt dixontinucd at any timr priur to thr earlirr uf: (a) 5 day. (or,urh othrr periud as `
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