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<br /> candemnation or other t�kins of any p++rt of the F�roperty,or for conveyance in Beu of condemtuition,Kro txrcby tu�iQned tnd —
<br /> _ -_ — ch�ll be paid to Lcnder.
<br /> In the evcnt of a total tuking of the Property. thc proceedr: shall be Applied to the sums Rccured by this Socurity
<br /> Instrument,whether or nat then due,with�y excess pqid to Borrowcr. In thc cvent of a p�rtial taking of the P�openy in
<br /> which the fair msukct vuluc of the Propeny immediatcly bcfac�e thc taktn�is a{uwl to ar grcuter than thc umcwnt of thc sums
<br /> � secuned by thir:Security Instrument immecliately before thc taking,unkss Borrower�nd l.ender atherwise a�rce in writing.
<br /> the sums,erured by ihis Security Instrument shall be rcduced by tho amount of the prnceecls multiplied by ihe foUnwing _�.
<br /> , fraction: (a)the taal amount of the sums securcd immediutely before the t:►king,divided by(b)the fuir market value of the
<br /> •• �• Property immediauly before the wking. Any balancc shall be puid to Barrower. In the evcnt of u purtiul taking of the
<br /> _ ,_ �_,—:..:,�,, Property in whlch thc fair markct value of the Property immedistely before the tuking is less thun thc amount of'thc suma
<br /> �'�'_���u�=• xecured immediatel before the takin unless Borrower and Lender otherwise a rce in writin ar unless u licable law
<br /> �=w�.�%•e,?�?h ," .� Y 8• 8 S PP
<br /> „���„�;��r��', otherwise provides,the proceeds shall be applied to the sums secured by this Security lnsuument whether or not the sums�ue
<br /> _.....-•----•......,.,� then duc.
<br /> ----.;Y;N - If the Property is afiandoned by Borrower,or if,aRer notice by Lender to Borrowcr that ihe cortdcmnor offers to make
<br /> � ;�_;iz°�-_����`-•�"�� nn award or settle u cluim far damages. Borrower fails to respond to Le�der within :{0 days nfter thc dute the nntice Is given.
<br /> _- ---='=�°-'"""L--- Lender is author�zed to collect and apply the proceeds,at i�s option,elther to restoration or rcpnir of the Property or to the
<br /> ..�.:�,...•:., .:...; �
<br /> �. sums secured by this Secarity Instrument,whether or not then due.
<br /> .,.,..._,.,_ „..,A...,rr Unless Lender und Borrawer othenvise agree in writing.uny opplicution af proceeds ta principal shall not eztend or
<br /> c. • `� - postponr.the due dnte of the monthly payments rcferred to in paragrnphs 1 und 2 or changc the amount af tiuch puymcnts.
<br /> • .�;�,; ,.; , ; . 11. Borrower Not Releasedi ForbeArance By I.ender Not w Watver. Extentiion of the cimo for payment or _
<br /> • modification of umorti�ution af the sums secured by this Securiry Instrument granted by Lender ta uny successor in interest
<br /> ' of Borrower shall not operate to relea�e the liubiliry of the originat t3arrower or Borrawer's successors in intercst.l.ender —
<br /> , shall nat be mquired to commence prcxeedings asainst any tiuccessor in interest or refuse to extend time for payment or —
<br /> othcrwise madify amortization of the sums secured by this Securiry Instn�ment by reason of nny dcmand mude by the original
<br /> � Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right ar rcmedy shal) not be u
<br /> wuiver of or pmclude the exercise of any right or remedy. �=
<br /> ;� • 12. Successors and Assigns Baund;Joint and Several Lt�bility:Co-signers. Thc rovenants nnd agrcements of this
<br /> Security Instrument shull bind and benefit the successon and assignti of Lender and Bortower,subject to the provisions of —
<br /> . paragraph 17. Bonower�covenants and agreements ,hall be joint and �cveral.Any Borrower wha eo-xign�this Security
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<br /> Instcument but does not execute the Note: (a)is co•signing this Security Instrument only to mortga�e,grant and convey that —
<br /> ' BoROwec's interest in the Propeny under the termti of thix Security lnstrument; (b)is not personally obligated to pay the sumti �.
<br /> secured by this Security lnstn►ment;and(c)agmes that Lender and uny other Borrower may agrce to extend,modify,forbear
<br /> . or make uny ucrnmmodations with regurd to the term.r• of thi� Security Instrument or the Note without thut Borrowert -`"`
<br /> � consent. `-
<br /> - � - � I i. l.oan l'harges. It the Ioan tiecured by this secunty Instrument iz subject to u luw whtch tietx maximum loan _
<br /> charges,and that law is finally interpreted so that the intcrest or othcr loan charges coUected or to bc collected in conncction
<br /> � with the loan exceed the per►niucd limits,then: (u)any such loan chargr shall be reduced by the anwunt necc:ssury to reduce
<br /> the charge to the permitted limit;and(l�)any sumti already collected from Borrower which rxceedeJ permitted limits wlp be
<br /> refunded to Borrower. I.ender may chcx,se to mukr thi�refund by rrducing the prineipal owed under the Note or by making a �_ .
<br /> direct payment to Brnrower. If u rcfund rcduces principal,the rcduction will be treuted u.u purtial prepuyment without any �.=
<br /> prepuyment chargc undcr thc Notc.
<br /> � 14. Notiees. Any notice to Burrower proviJed ti�r in thi�Security Instrument shull lx given by delivering it or by L �-_
<br /> mailing il by tir.:t�•lasti mail unleti�;ipplicaMr law rcyuirc,usr of'anotl�rr mrthod.The notice zhall tx:dircrtcd to the Propcny `
<br /> � Addres�or uny exher addre�ti Borrowcr de,ignates by notice to Lendar. Any notice to Lender�hall he given by f5nt clusti ��-•`
<br /> ' muil to Lrndc�.addreti��tatrJ hrrein��r any athrr uJJrr+�Lender de+ignateti by notice to Borrnwer. Any nnticr provided for
<br /> �� in thi. Sccuriry In,trumcnt shull Ix�Jrcmrd a> huvr }xcn Fivcn to Borrciwcr or Lcndcr when given as provided in this y:-=
<br /> � pxr�gruph.
<br /> ' 15. Uovernin� l.aw; tie��e�abitity. Thi. Security Instrumcnt tihull tk govrrned by fedrrul luw unJ thc I�w of thc �-`�
<br /> juri+Jirtion in whieh thc ProExny i.lixutcJ. !n thr rvrnt that:�ny provi�ion or clautic of'thiti Scruriry In+trument or the Notc
<br /> cc�ntlicts with applir.+hlr law,tiuch c�mtlirt+hull not aTl'crt othcr pro�•itiiom of thi+Sccurity Instrumcnt or thc Nixe which run -` -
<br /> �givrn rff'crt �vithuut thr ranllicting provi,icin. To thiti end the provi+ions of thiti Sccurity In.trurncnt und the Note are ���
<br /> drelareJ tu tx .xvrruhlc.
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<br /> 16. Borroµ•er's Cop�•. E3orr��ucr tihall Ix gi��rn unr ci,nFi�mud copy uf the Niite and of thi�Serurity Instrument. [�
<br /> 17. 'It�unsfe�of the Nrnpc�ty nr u Beneficiul Interrtit in linrrower, li uIl ur uny r;�n��f the Pru�xny or uny interrrt in ` ,,,,
<br /> it i.suW ur trun�frn�cd krr if a Ixnctirial intrre,t in Rurr��urr i�tiold��r tramtcrred and ftorrowcr i�not u nutural per+on► �.�-.
<br /> wiihuut LrnJrr:prior written c�mxnt, Lrndrr may,at it+��pti�m,rryuire imnudi;ur payment in full i�f ull sum�secur�d by
<br /> thi.Sccurity In�trumrnt. Howcvrr,thi.option xhu�l n��t t+c excrci.rd My Lrndrr iF rxcrri�c iti pruhihitrd by fcdcral law vs c�f
<br /> the dutr ot'thi.Srrurity In,trumrnt.
<br /> , If'LrnJrr rxcrci�c�thi�iiptic�n.LcnJrr�hall gi��r Ror�uNCr nulicc uf:icccl�::ttion. The nutirr.hall providc a Fx:ri�xl of
<br /> not Ir��than 30 elay+frum thr datr tlx nolirr i,drlivrr�d ur nta�led�+ithin whirh Hc>rru�►�rr mutit pay all.wm.ecurcd by thi, - -
<br /> Srrurity In,trumrnt. Il' B��rroNrr lail. tu F,a�• thr.r ,um. priur tu thr crpi�atiun uf thiti fxriod. Lend�r may inv�*c any
<br /> ' remedie��xrniittrd by thi.Sccurity Intitrument N ithuut (unhrr notirc ur detn:utd un liorr����er.
<br /> IS. Borruw•er'z Ri�;ht to RcinstaM. II Kurra��rr mcct, rrnaim m�ditiun�. H��rru��rr,hall ha�•r thc right tu havc
<br /> � rniorrrmem uf thi+Scrurity In,crumcnt di,cuntinurd at an� (imr priur tu thc rarlirr uF. �a1 5 da"���r.urh othcr Fxriixl a�
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