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<br /> —���� condcmnutIon or other tnking of eny part af tho Property.or for conveysxnce in tir,u�f wndemnntlon,are hcreby as5l�aed and ° '
<br /> shatl bc paid to l.ender. .
<br /> — In ihe event of e totai taking uf the Psnpeety.thc procee�s ahWl be npplied to the sums securcd by this Securiry
<br /> — — instn�men�,whether or not�hen due. wtth eny exceas puid to Bo�rawer. ln the event of u partiul teking af the Property In _
<br /> whtch tfie felr market value of the H+operty immediately before the wktng is equal to or greuter than the amount of tho Buma
<br /> _ ----- secured by this Secudty Insdument immediately before tho takins.unless Bocmwer and l.ender othemiso agree in writ[n�.
<br /> ` �--T-"- - -� the sums secured by this SecurIty Instrumcnt s9�o11 bc reduced by the nmount of the p�dq multiplied by the foll�wing
<br /> ,.zi kaction: (a)tho total nmount of the sums secured immediately befaro tha teking.divlded by(b)the fair marlcet v�lue of the �
<br /> =•e —j — Propeny immedtutely before the taking. Any balance sha11 be paid to Barrower. In thc event of o purtiai taking of the
<br /> i: Pt�aperty in which the fair market vWue of the Prapetty immediatoly before the takins ia less than the amaunt of the sums
<br /> secured immediately before the taking,unles.g Borrower and Lender otherwise agcee in wridng or unless applicnble law
<br /> otherwise pravides,the pmcerds shall be applled to the sums secu�ed by this Security Instrument whether or not the sums are _
<br /> �hen due.
<br /> lf the property is abandoned by Horrower.or if.ufter nottcc by[.ender to Borrnwer that ttte:ondemnor�ffera to make ___. __
<br /> an award nr settle a claim for damagas,Borrower fails to respond to Lender within 30 dAya uftec the date the nottce is given.
<br /> ' Lender is uuthorized to collect and apply the proceeds,at its optlon,either to restoration or repuir of the Property or to the
<br /> sums secured by this Securlty Inspument.whether ar not then due.
<br /> , ; ±,'�'� +,. Unless Lender and Borrower otherwise agree in wrltiag.uny application of proceeds to pr�ncipai shnll not extend or
<br /> � postpone the due date of the monthly puymen�s refemed to in paragrnphs 1 and 2 or chanse the amount of such pnyments.
<br /> •�r{��� 11. Borrawer Not Released; Forbearartce sy I.ender Not u Waiver. Extension of the time for payment ar
<br /> =' ="'�``}� madificatton of amortizatlon of the sums secured by this Secudry Instrument granted by[.ender to any Auccessor in intet�est
<br /> �.� ..... �._.
<br /> �� - Y•�''• •�;•, of Bo�ower shall not operute to release the liability of the origi�al l3orrower or Bortvwcr�buc�:cr��+ ��� ��d��:.�i•L�dar - -
<br /> '"��'�''S<'..`'..:� shall not be uired to commenc:e proceedings aguinst any successor tn interest or refuse to extend tlme for puyment or
<br /> �;•>.... .
<br /> • �� otherwise modi amortization of the wums secuced by this Securiry Instrument by rca.con of any demand made by the ariginal _
<br /> "-`�' " Borrower or Borrower:s successons In interest. Any forbearance by Lender In exercisin�any right or remedy shall not be a �';��;
<br /> � waiver of or precludc the exercise of any dght or remedy. R`'-
<br /> i ��a 12. Suceessom and Asstgns Bound;Joint and Several UabUtty;Castgners. Thc covenants end agreemenu of this R�.,�:
<br /> Secudry Insuument shull bind und benetit the successors nnd acsigns of[.ender and Bornower,subject to the provisions of �----
<br /> paragraph 17. Bomowenc�ovenants nnd ugreements shull be joint and severnl. Any Horrower who co-signs this Security ____
<br /> " " Instrument but dces not execute the Note: tu)is co-sig�ing this Security lnstrument only to mortga�e.srant and convey that "p�
<br /> , � •� Borrower�s interest in the Property under the terms of this Security Instrumenr. (b)is qot personally obligated to pay the sums , �;'�;�
<br /> � secured by tMs Secudty instniment;And(c)Ag�eex thut L.ender ar►d ony other Borrawcr mny ngree to extend.modify,forbear °;,� ���:
<br /> or make any Accommodutions with regard to the terms of this Secudry Instrument or the Note without that Borrower's ��,,, �.,`.
<br />—- -- catsstnt. `
<br /> 13. I.aan Charges. If the loan securcd by this Security I�strument is subject to a luw which sets mnximum ionn ..
<br /> � charges,and that Inw i.s finnlly interpreted so thnt the intemst or other loan char�es cotlected or ta be collected in connecdon ���� :
<br /> with the loun exceed the permitted limits.then: (u)any such loan chnrge shull be reduced by the amount necessary to reduce
<br /> ., the charge to the permitted lim{t;and(b)uny�um�already collected from Borrower which exceeded permitted limlts will he .
<br /> refunded to Borrower. Lender may chaose to make this refund by reducing the principal owed under the Note or by mukin�a
<br /> ' � direct payment ta Borrower. lf a refund mduces principal,the reductiun�.vtU be treated a�a pnrtial prcpayment without auy - ��. �"`
<br /> prepayment charge under the Nate. ,
<br /> 14. Notices. Any notice to Borrower provided far in this Security Instrument shnll be given by delivering it or by
<br /> mafling it by��rst c1a5s mail unless upplicuble law requires utie of unother method.The notice shull be ditected to the Property �
<br /> ' Address or uny other nddres�Borruwer de�i�nate�by notice to Lender. Any notice to Lender shall be given by first cla5s
<br /> � � mail to Lender:s address stnted herein or any othcr uddress l.ender design.ttes by notice to Borrower. Any notice provided for
<br /> in this Security Instcument shull bc dccmed to have been givcn to Borrower ar Lender when given as provided in this
<br /> arn rn h
<br /> r p �IS Governin� Law; Severability. This Security Instrument shull bc govemed by federnl law und the luw of the
<br /> ' jurisdiction in ahich the Property is locuted. !n the event that any pmvision or cluuse of this Securiry in�tniment or the Note
<br /> ' � • • -•` . conftirtc with npplicable law.�uch conflict tihull not uffect other pmvlslonx of this Security Instrument or the Notc which can
<br /> � " be given effect wtthout the conflicting provision. To this end the prnvisions of thiti Security Instrument and the Note acr „
<br /> declared to bc severnble.
<br /> 16. Borrower's Copy. Borrower shall be given une conf'nrmed ropy oT the Note und of this Security lmtrument.
<br /> � 17. 'I�ansfer of the Property ur a Beneftciai Interest in Borrower. If utl or uny purt of the Property ar any intemst in
<br /> it is sold or transferred (or if u beneficial interest in Bo�mwcr is s�dd or tran,fernd und Borrower is not u naturul person>
<br /> without Lender�s prior written consent,Lender muy,ut itti uption,rcquirc immediate paymrnt in full of all sums�ecurcd by •�
<br /> this Security Instrument. However,thix option shnll not hc exerciscd by Lcndcr if cxerri�e is pmhibited by federal!aw us of
<br /> the date of this Sccurity lnstrumcnt.
<br /> If Lender exercises this aption, Lender�hull give 8orn�wer nWice of uceeleratian. The notice shull provide A period of
<br /> � • not Iess thun 30 days from thc dutc thc notirr is Jclivcrcd or muilrJ within which Bi�rrowcr must puy ull smns secured by this ,
<br /> ` Security Instrument. If Borrower fails to pay thrse sum�prior ro thc cxpiruti�m uf thix �u:riai, Lender may imoke uny
<br /> � ; , rcmedtes pertnitted by this Sccurity Instrument without funhcr noticc��r dcmund on Bnrmwrr.
<br /> 18. Borrower's Right to Reinstate. lf Bormwcr mect� c�nuin r�mditions. Bc�rrowrr shall h:tvc thc right to huve
<br /> ' x " enforcement of this Sccurity]n.trument di+continurd at uny timr pri��r to thr rurlicr��f: tu►S duyy(or su�h��ther period as
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