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<br />__ - ---� candr.mna�ian at atlrr taking oP any part of tho P�ropc�ty,�r fc�r conveynrzco ir►lieu oP conc�cmnutlon.are hetclr�ua.rig�d epd __.._ _
<br /> sh�11 be paid to Lender. � .
<br /> In the ovent of a total taktng of the Pruperty� the pmcads shail be applied to th�sum+� aecurcd 6y thix Secu�iry
<br /> Inat�men�whether or not thtn duc,with uny exass paid ro Borrower. in tho event of s partiel takfng of the Peoperty ie
<br /> -_ , whlch the feir nurket vefue of tho Property immediEtely bafore the talcing Is cqual to at gteater than the�tttount of the suma
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<br /> - .—------------� se�i�ned hy thia Securfry Instrument immediAtcly before•the tnkinp,untr.sx Bonower and I.ender otherwlsc agt+ee In writing.
<br /> tho suma tsecu�ed by thie Sxudty Inatrument anall bo ceduced by the amount o f t ho proce e ds mu ltip lle d by t he fo l taw ing " �
<br /> frecdon: (a)the rotal nmount ot the Fumx sccured imrnedlnuiy befora the tc+king.divlded by(b)thc fair merlcet value of the
<br /> Propecty immcdietely boforo tho tuking. Any bulattco eha11 be paid to Borrower. In the event of a partiul eaking of the
<br />�g Property in which tho fnlr murket value of the Pmperty immediatcly beYom the tnkinE is less thun the amount of the suma
<br />- secu�d immediately bofore tho taking.unl�ss Bomawer nrid Lender utherwise ug�ea in writing or unleas applicable iaw
<br /> atherwiso provldea,the proceeds shall be applled ta tho suma secured by this Securlty Inattument whether or not tha aums ac+e
<br />�`�„� then dus.
<br />:�, If the Propetty is sburtdoned by Bortowcr.or lf,after r�otice by l.ender to Borrower thut tho wndemnor offers to make
<br /> _� , an award or settla n c1aIm for dnmogex.Borrowcr fails to t+espand to i..ender wlthin 30 days after the dnte the notice is�iven.
<br /> Lender ix authodzed to collect and apply the prc�ceed.9,ut ita option.eithec to restorntion or repair of tha Prnparty ar to the
<br /> yM1 Rums�secured by this�Secuciry inRtrument,whcther or aat then due.
<br />' Unlesa LenAer nnd Borrower uthenvise ugreo in wdting.any application of procceds to prl�clpal shall not extend or
<br /> � postpane t1►o due dute of the monthly pnymentR refemed to in purngmphs 1 und 2 or change the amount of euch payments.
<br /> ll. Dorrower Not Relensedi �rbearance By I.ender Not a Waive� 6xtension of the tlme for payment or
<br /> modificadon of amortizutiun�P tiie f.ums aecurod by thiA Secur[ry Instrumont granted by Lender to any suecessor in intereat -
<br />-_. -__ _ _ . ' of Borcower shnil not opernte to release the liability of the orlginal Borrower or Borrowerk successors in intcrest.I.ender -
<br /> • . ��:`';�5 xhu11 rtot borcyuired to commence praccedings agalnst nny successor in interest or retuse to extena tims for puyment or -
<br /> V�,i • � � otherwise mod fI y amortizution of the�uma secured by thiR Security Instrument by reason of nny demand made by the or�ginat
<br /> " �i�* Borrower or Barrowerk Ruccessors in intcr+est. Any forbemm�ce by Lender!n exercising any right or remedy shall not be a _
<br /> ? ����':,"• wuiver of or preclude the exerclse of any d�ht or remedy.
<br /> �"' _�•' � lE. Successora and Assi ns Boundi Jotnt and 3everal Uabilit ;Co-stgnera. '11�e covcnents and agreements of this �
<br />-� :•'�s�"•'.;.�v*.;, " 8 Y
<br /> �+ `.-���' Securlty Iastrument shnll bind und beneftt the successora und assigns of Lender and Borrower.aubject to the provisions of
<br /> '������ ���-; " " '` parngcaph l7. Borrowerk covenAnts und a�rcemenGt shall be jolnt nnd seveml. Any Borrower who casigns thts Securtty �'-`
<br /> . ' Instrument bat does not execute the Note: (a>is co-signing this Secudty Instiument only to mort�age.grant and convey that �;;�
<br /> ' ' •' Borrower:�interest in the Praperty under the terms of this Security lnstrument; (b)ia not penonully obligated to pay the sums �__
<br /> � .• secured by this Security Instrument:and(c)�+grees that Lendcr nnd any other Borrower muy agr�ee to extend,modify,forbear =—
<br /> ^ or make any accammodutions wlth regarci tu the terntis of this Securiry Instrument or the Note without that Borrower's ���'-k'@'
<br /> _ , , : _ � consent. �.'
<br /> „ 13. Loan Charges. If thc loan secured by this Securlry Instrument is subject to a luw which sets mnximum lopn �4�'"; ;:
<br /> ' - cherges,and that law is finully interpretcd tio thnt the intcrest or othcr loan chnrges collected or to be coilected in connection .�,_,;.,ti�
<br /> , , with the loan exceed the pertniaed limits,then: (u)uny such loun churge qhap be reduced by the nmount necessary to reduce ,�.x��=:-
<br /> .;r '�,.;._.
<br /> • '. � the charge to the permitted limit;and(b)any sums alrendy coilected from Borrower which exceeded permitted limits wlll be • ��.__
<br /> refunded to Borrower. Lender mny choose to muke this rcfund by reducing the principal owed under the Note or by mnking a . _.
<br /> " � direct pnyment to Borrower. If a mfund reduces principal.the mduction will be treuted ac a pnrtial pr+epnyment without uny
<br /> � �...;^_�
<br /> • prepuyme�t charge undcr the Note.
<br /> 14. Nottces. Any notice to Borrower provided for in thix Securlty Instrument shiill be �iven by deliver�ng it or by
<br /> mailing it by ficst cla.tis mutl unless nppltcable law myuimti use of unother method.The notice shall be directed to the Property
<br /> Addness or any other uddress Borrower designutcx by notice to Lender. Any notice to Lendcr shall bc�lven by first cluss
<br /> � mail to I.ender4 address stuted herein or any other nddrcsti Lender designutes by notice to Borrower. Any not[ce provided for
<br /> in this Security Instrument shaU bc decmed to bave bern gtvrn to Boaowcr ar l.ender when given ns provided tn this
<br /> . , pnrugrnph.
<br /> IS. Covernin� I.aw; Severabllity. This Sccurity Inxtrument shall tx govemed by federal luw und thc luw of the
<br /> " • ., jurisdiction in which the Propeny is locuted. In the event thut uny provision or cluuxc uf this Sccurity Instrument or the Note
<br /> confltets with upplicuble law.xuch conflict shull not uffect other pn�vixion.of thiti Serurity In.trument ar the Note which cun
<br /> . _ " he given effect without the conflicting provicion. To ihix end the provitiiom of this Security Instrument und the Note um
<br /> � declaredto bc severuble.
<br /> � 16. Rorrower's Copy. Horrower xhnll he given ane contiimud copy of the Notc und uf this Sc�urity Instrument. f .
<br /> ± ., 17. 'IYcinsfer of the Property or a Beneficial Interest in Borrowcr. If ull or i+ny purt of the F'ro�xrty or uny intere,t in
<br /> it ts sold or transferred (or if a bencficial intercxt in Bom�wcr is soW or transfcrnd und BorroHCr is not u nutural person)
<br /> �� without Lenders prior written consent.[.endcr may,ut its option,reyuire immediutc puyment in full of ult sumti secured by
<br /> ' � this Securiry lnstrument. Howcvcr,ihis option shall n�x hc excrci�ed by I.ender if cxrrcisc is prohibited by federul law as of
<br /> �� ,. the dute of this Security Inrtrumcnt.
<br /> •� , If Lender exercises this option,Lender shull give Borrower noticr of ucceieruti�m. The nutice shall provide a period of
<br /> „ not less than 30 dAys from the dnte the niwirc ix drlivrnJ or ntuiled within which Borruwer mutit puy uil sumti secured by this
<br /> Security Instrument. If Borrowcr fuitx to pay thcse sumx prior to thr rxpirutian of this �xri�xl, l.ender muy invoke uny
<br /> . remedies permitted by this Security Intitrumcnt withuut further noticr or demund cm Borruwrr.
<br /> ` ', �� 18. Borrower'r Ri�ht to Relnstate. It Bnrro�ver m�ets renain condition�, Bortowcr �hull havc the right to huvc
<br /> , �. enfonement of this Sccuriry In�trumcnt Ji��ontinucd ut any timr prior to thr r:trli�r ut�: (u1 S day.(or xuch other period vti
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