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<br /> cix�demnatian or otha WcinR d�ny�wt of the�t�opeAy,ar for cartvey�uwe in lieu of ccx�dertuwtion.aro heroby�tsi�ned md
<br /> �hdl be paW lo l.ende�.
<br /> In tho event of� totat ukin�of the Pniperty. !hep��ds �hall be applied ro the sums securad by this Secudty
<br /> Instniment.whetlk�ar not 1ha�due,wlth�ny oxasa p�i td o Borrowor. In the r�cnt of a p�rtlal takln�of the Pmpeety in
<br /> which thc filr muket value af Ihc Property immediately beforc the ulcin�is eyuA!to or g�ater th�n the amount oi ihe aumti
<br /> — �exurcd by this Socudty Inxtrumcnt immediatety befa�e the takin�. ut�kss Bortower and i.etuler otl�rrwise a�r� !n wciting.
<br /> the Rums socura!by this Secudty In�trument ahall be rcduced by the anaunt of the proc:uds multiplied by the following
<br /> � _—___—� fraction: (a)the tMnl Ame►unt o�'the tum�.ecuntii immediately beforc the teking, divlckd by(b)the fair muket value of the ___
<br /> — R�eAy immediately befae the t�king. My IsalAnce shall be pAid to Borrnwer. !n the event of�partial t�7cing of the
<br /> Property in which the fair macket vulue of the P��erty immedi�tely before thc taking is less than the amount of the sums -
<br /> secur�ed immodiatety beforc the teking,untess Bamwer and Lender otherwise agree in wdting or unfess a�I1CAIIIE IAW
<br /> — othenvise provide�,the proceods shdl be�pplied to the cums ucured by this Sxurity fnsuument whether or not the sums ore
<br /> then duc.
<br /> -- If the Pmperty is ubandoned by Borrower.or if.after notice by Lender to Borrower that the condemnr►r afferx to make
<br /> - �---�----- an uward or xettle a clnim for damages.Borrower fnils ta nspond to Lender within 30 days after the due the notice is glven,
<br /> L.ender is authorized ro collect and apply thc procceds,at its option,eitlxr to roston�don or repuir of the PrnpeAy or to the
<br /> — sums secuned by this Security Instrument,whether ar not then due.
<br /> Unless Lender and Borrower othenvise ugrce in writing.any applicntion af proceeds ta principal shall not extend or
<br /> postpone thc due date of thc monthly puyments referrcd to in paragraphs 1 and 2 or change the amount of such payments.
<br /> Il. Borrower Not ReleASedi ForbearAncc By I.ender Not s Waiver. Extensian of the time for payment or
<br /> ��:� modifieation of amottization of the�ums secured by thic Securiry lnstrument granted by Lender to any succeswc in intercst
<br /> ---- - --- �i Fu��uw�r�i�aii�ioi�pe.rat�w ��ica.x:ih:.ltah�lity of tlsc arigfna!Barro::•er or Horrolver�s succesu+rv in inan��t.!�n�r
<br /> � �, � shull not be rcquired to commence proceedingx against any succescor in intercst ur rcfuse tu extend tlme for payment or -
<br /> , othenvise modify amonization of the sumx secured by thiti Security Instrument by reuson of any demand made by the original -
<br /> -- , Borrower or Barrower's successorc in intcrest. Any forbearance by Lznder in exercising any right or remedy shaU not bc a
<br /> •� � ���•^ waiver of or prccludc thc excrcisc of any right ar remcdy.
<br /> � . s�� �' �++Pr'� 12. Successors And AsstQos Bound;Joint and Several Liability;Casigners. The covenants und agreements of this
<br /> . � $,�• • Security Insteument shul!bind and benefit the successors und u.tisigns of Lendar and B�rtower,subject to the provisions of
<br /> . �t�ry��`'� paragruph 17. Borrower's covenants and ngneements shull be joint and several. Any Borrower who co-signs this Security
<br /> -. '•',� ' r'u'�` � Instniment but dces not execute the Note: (n)is co-signing this Security [nstrument only to mortgage.grant und ronvey that ---
<br /> �:`�;��:' :��- �:.-:; Borrower's interest in the Property under thc ternis af thi�Security Instrument; (b) is not personally obligated to pay the sums
<br /> _ '�kR:..:', . � secured by this Security lnstrument;und(c)ugrees that Lender ami uny other Borrower muy ugree to extend,modify,forbear
<br /> a•_��. or muke any accommodations with c+egard to the tertns of this Security Instrument or the Note without that 8orrower's•
<br /> _ �, . `
<br /> � �• �� � � consent.
<br /> '�,t� �� _ 13. Loan ChAraes. If the loan secured by this Security Instrument is subject to u law which sets maximum loan
<br /> �'3' churges,und that luw is finally interpreted so that the interezt or other los�n chargeti collected or to be coltected in connection
<br /> tt�•... �..., .
<br /> , , • with the loan exceed the permitted limits,then: (u)uny such lo;u�charg�st�ult be reduced by the amount necessary to reduce
<br /> ' the churge to the permitted limit;and(b)any sums already collected from Borrower which excreded permitted limiu will be _
<br /> refunded to Horrower. Lender may choase to muke this refund by reducing thc principal owed under the Note or by muking u �.�
<br /> : 'O' ` direct payment to Bocrowcr. If a refund reduces princips►l,the rcduction will 6e treatcd as u punial prepuyment without any --
<br />__ � ' pmpayment charge under the Note.
<br /> ' ° 14. Notices. Any noticc to Borrowcr prrnided for in this Security Instrument tihall be given by dclivering it or by _
<br /> �� � � ° � mailing it by first class muil unless applicahle luw reyuims use of unother methad.The nntice shall b�.directed to the Property
<br /> � � Addrcss or any other addre+s Borrowcr deyignutes by notice to Lender. Any nutire W Lender shall be given by fint dass
<br /> . mail to Lender's addres�stuted hercin or uny othrr addreti.Lcndcr design:�tes by notice to Borrower. Any natirc provided for �
<br /> in this Security Instrument shall be deemed to huvr been given tn Bortower or l.endcr whcn given as provided in this �
<br /> _/-'t paragraph. �-
<br /> _ I5. GoverninR Law; Severability. This Sccurity Inatrumcnt shall be govemed by fcder•rl luw und thc luw of the �--
<br /> ;i' jurisdiction in which the Propeny ix located. In the event thut any provitiian or cluuse of this Security Intitrument or the Note °
<br /> �• conflicts with upplicuble law.xuch conflict tihull not affect other provi.ions of thiti Security Instrument or the Note which cun �'"
<br /> � � l�given effect without the wntlicting provision. To this end thc provision.of this Sccurit}• lnstrument and Ihc Naic are --
<br /> ;. . declared to tx sever:�ble.
<br /> ; � , . 16. Borrower's Copy. Borrowrr shall tx givrn one confi�rmcd copy of thc No�c anJ uf thi.Srcurity In+trument. - -
<br /> 17. Transfer of the Property or a lieneficiul Interest in Borrowe� If aU or:my part of thc ProExny or:uiy intcrrst in ['y�
<br /> ��., ;,.;,�,,., it is sold or tr:u�sferred (or if n t�netirial intem�t in Bormwrr is tiold or IransferrtJ and Bom�wcr is not a natural person) �
<br /> -'e�"'•' � without Lender's prior written cunscnt, Lrndrr may,at its option,rcyuirc immcdiatc paymrnt in full of all�unu sccured by Y
<br /> r;,�:= �'
<br /> • . thix Security Instrument. However,thi�uption shull not!x ex�rcised by Lendcr if exerci+e i,prohibiteJ by Federal I•rw a�of _
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<br /> .,e• the dutc of this Sccurity In,trumcnt.
<br /> .. .'-;��. . If Lender exercises this option,Lrnder xh•rU givr Borro�ver noticr uf accelcrstiun. The notice shall pruv fde u pericxl 01' �f
<br /> ., •-• not less than 30 da,ys from the date thr notirc is drlivercd ur muiled within which Borruw•er mu,t pay all xum.secured by thi. � -
<br /> = � .. • Securiry [nxwmrnt. If Borrowcr fail.to pay thc.c .wm priar to thr rxpiration��f this �xrial, Lender may invoke any
<br /> - remedie�pern�ittcd by this Securi�y In�trumrnt withnut further notirr or drmand on Borrnµ•cr. �
<br /> � s� � 18. Borrower's Right to Retnst�te. If Borcowrr mrct.rrnuin ronditi��n,, B��rrow.r .h�ill huvr thc right to huvc
<br /> "�D enforcement of this Security Instrumrnt di�continurd at:my time prior tu thr earlicr��t: la)5 day. 1nr tiuch cithrr perial us � :i�,
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