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<br /> "� ear�dcmnatlan or othor taking af uny part of tho Pro�crty.er for canvoyanro in licu af rund�annution�aro hcrcby ussignc�t and
<br /> — --��"— shall bo pnid to l,cnder.
<br /> _ Tn the event of a totel tubcing af tha Property. thc pmcccdx shail bo appll�d to tho sumr+ secured by thiw SeCUrity
<br /> Insttnment,whethcr ar not thcn duo.with sny axresR paid ta Borrower. In�ha avcnt of a pnnfai takfng of tho Pr�perty in
<br /> whtch tl�o fair matkct vaiva at tho ih�npcAy immedistely bofaro tho tuking is cqual to or greater thun tho amount af tho Ruma
<br /> - -- -°� secured by this 5ecudty Insuvmcnt imntcdiatcly b:,fo�e the tuking,unles9 sa�ts�a�v�r eu�d Lender otfien+�lxe ng�e in wr�ting, �-- ----
<br /> -"-�----__ —_--_= the suras secw�d by this Seeurity Tnntn�ment Ahntl he reduced by tha nmouni of the proceedR multlplied b tho following
<br /> __ � -- .-__ ..
<br /> frectton: (a)the total amount of the suma recund immediatcly bcforo thc tnking.divided by tb)the fatr m et vutuo of tho
<br /> Property immediately before tho taking. My bulanco ehall be pald to Borruwer. In thx event of a pattial tek[ng af tho
<br /> Praperty in whtch the faic market vulue of the Property immedi�►tely before thc tnking ix lean than the amount of the anms
<br /> securcd immedintcl�r bofora thr� taking,unless Bo�rower nnd Lender othenvlse agree in writtng ar unless upplicable luw
<br /> othenvlsa provides.thB praceeds shnll be npplied ta the eums r,ecured by thia Securtty Insaument vihether ar not the aums ure
<br /> ; then due.
<br /> - If the Property is abandoned by�oirower.or if.after notico by i.encier ta Barrower thut the condemnor offen�to make
<br /> �;.� an award ar settle n claim for damagea.Bortower fails to respond ta Lender within 30 days after the date the noticcs ie given.
<br /> Lender is nuthoriud ro collect and appiy the proceeds,nt it�option.either to restoratton or rrpuir of the Ptoperty or to the
<br /> �� r`� • sumx secured by this Secudty Instrument,whether or not then due.
<br /> � Unless L.ender and Sarmwer otherwlse agree in wrlting,any opplicatton of proceeds to princlpal shall not extend or
<br /> .,���; postpone the due date of the monthly payments referred to in pamgrnphs 1 und 2 or chunge tlie nmount of such ppymenta.
<br /> �l. Borrower Not Released; Hinrbearance By I.ender Not a Waiver. Extension of the time for payment or
<br /> , ,�� ;A„ `;, madificution of amortizetion of the sums secured by thIs Secudty Instrument grAnted by Lender to ru►y successor in intere�t
<br /> .,�X-�y-��::;;;:;:•��..., of Horrower shali not operate to rctea�e the 1lability of the originat Botrowcc or Borrower!s saccessors in interest.Lender __ _____
<br /> __. -- --• shall not be t+equlred ro commencc rrrx�p�dinoa against any successor in interest or refuse to extend time for payment or _ _
<br /> '"•°°`��� "` • otherwise mc�dlfy amortizadon of the sums secured by thls Secur�ry Instrument by roason of any demand made by the odsinal
<br /> - � Borrower ar Bomower's successocs In lnterest. Any far6earance by Lender in exenising any right or remedy shull not be a
<br /> " wuiver of or preclude tho exercisc of any right or remedy.
<br /> , � � 12. Successora and Assigns Sound;Jotnt and Several I.iabtitty;Casisners. The covennnts and ugreements of tMs
<br /> °' Sec:urity Insuument shall bind and r,enefit the successors nnd assigns of Lender and Borrower,subject to tlie provlslons of
<br /> ` � parnsruph !7.Borrowerk covenants and agreements ahall be joint und severnl. Any Horrower who casigns this Securtty
<br /> • Insuvment but does�ot execute tha Note: (a)is co-signing thie Secur�ty Instrument only to mortgage,grant and convey that
<br /> • ' Borrower�s intenest in the Property under the terms of this Securlry Instrument; (b)is not personaily obligated to pay the sums �:_A--
<br /> ' . �� • secured by this Security Instrument;and(c)agrees that L.ender and any ather Borrower may ugree to extend,modify.forbear _
<br /> or make any accommodations with regard to the tcrms af this Serunty Instrument ar the Note wfthout that Borrower's ..--—
<br /> -- ,. . eoniseent. � .- —
<br /> �" e 13. I.oan Charges. If the loan secured by this Secunty lnstrument is subject to u law which SC4w it�uxitliUfii iaan �� -
<br /> . charges,and that law f.s finnlly inter�reted so that the interest or ather loun char�es collected or to be collected in connection �..1••�.�-
<br /> .. with the loan exceed the permitted Umits,then: tu)uny suc h toun c hnrge s ha i l b e re duce d by t he umou n t n e c e s�a ry t a r e d u c e �'�''
<br /> the charge ta the permitted limit;and(b)any sums already collected from Borrower which excecded permitted limus will be `�:t;,r%:.iy
<br /> ' refunded to Borrower. Lender muy choose to make this rcfund by reducing the principul owed ander the Note or by making a � "re�
<br /> direct puyment to Borrower. If A refund reduce.r•principal,thc reduction will be treoted as n pnrtiul prepayment without any �
<br /> _.. . '::�.__;,.....�...... . ....::•.. _ prcpaymont chargc undcr the Notc.
<br /> t4. Notices. Any notice to Barrower provided for in this Securiry Instrument shaU be gtven by delivering it or by �� ,T
<br /> . • • matling it by�nt dass mail unlezx upplicnble!uw rcyuires use of unother methad.The notice shall be directed to the Property rr�
<br /> • Address or uny ottier address Borrowcr designates by notice to Lender. Any notice tu Lender shall be given by fint class : _-
<br /> � � mail to Lenderk address statc3 hercin or uny other address Lender dcxignntes by natice to Borcower. Any notice provided for
<br /> �;. � in this Security Instrument shall be deemed to huvc been given to Borrower or l.ender when given �.g provtded in this
<br /> =, � paragraph.
<br /> ,� 15. Governing I.aw: 5everebHiry. This Securiry Instrument tihall lx govcmed by federnl luw und the law of the • ,.�.
<br /> , jurfsdictton in which the Propercy is locuted. In thc:event thut uny provixion or cluuse of this Security Instrument or the Note ;�_
<br /> conflicts with epplicable luw,such conflict shuU not uffect other prnvisions of this Serurity Instrument or the Ncxe which cun
<br /> . be given effcet without the conflicting provisicm. To thi,end the pruvi�ions c>f thiti Security Instcument and thc Notc ure
<br /> dcciarcd to bc scvcruble. ° • '
<br /> • 16. Borrower's Copy. Borrowcr xhull bc givcn unc confnrnud copy of t9c Notc und of thix Sccurity Instrumcnt, .
<br /> � ' � 17. 11�unsfer of t6e Property or a Beneficiul infe�est in Borroaer. [f uU or uny pxrt of thc Property or s�ny interest in .
<br /> . it is sold or transferred(or i(u beneficial intcrest in Borrowcr i.�c�id or trun�frrred ,ind Borrower is not n naturul penon) ,� ••
<br /> ' , ' without Lender'.s prinr written consent.I.cndcr mi►y,at it<<�pticm.requirc immcdiutc puymcnt in full of utl xurns tiecured by
<br /> , this Security Imtrument. Howevcr,this option�hull not tx rxcrci�ed hy Lcndcr if rxcrcisc iti prohibitcd by federul law as of �•
<br /> • the dnte of this Sccurity Inxtrument. ,�'•
<br /> If Lender cxerci,es this option,Lendcr shull give Burn�wcr noti�c of accelcratian. Thc noticc xhall pmvide u period of
<br /> , `' not less than 30 duys from the dutc thc noticc is delivcrcd or muikd within whirh Borrowcr mu,t puy ull+um.secured by this • .
<br /> Security Instrumcnt. If Bortnwer failx to puy these sumz prior to thc rspirution of thi�prriod, Lendrr muy invokc;u�y
<br /> ' � remedies permittcd by this Security lnstrumeni without funher noticr or demund un Borruwer. �
<br /> �! � ,. 18. Borrower's Right to Reinstate. If'Borrowcr mcets ccnuin randitiun�. Dorrowrr.hull huvc thc right to huve �
<br /> . y enforcement of this Sccurity Instrumern di,continucd ut uny timc prior tu thr curlier ut; (.0 5 duy�(or tiu�h othcr period as �
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