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<br /> �� condcmnatton or oth�r taking of any part of�ha Pmperty.or fbr canveymuo!n ilea of condemnutIon,are hercby essigned snd
<br /> ahall ba paid ta Ixnder.
<br /> In the event of a Wtal takiug of the Prnperty.the proceeds ehall bo appliad to thc sume aecured by thtg.Securtty
<br /> In�ttumeni,whcther or not then due.with any excesa paid ta Borrowcr. In tho event of u psutial teking uf the Property in
<br /> - _: -- - �rhich tha fair market vulue of the Property 9mmedisuly beforo the taking is rqual to or grcater thatt tha sunount af the aums -_
<br /> - � ^� secured by ihis Securiry Inswment immediately before the teking,unless Hoirower and i�ender othenvlse agreo(n wrlting.
<br /> �--- - the suma secured by this Security Inswment sha31 bo rcduccd Gy tho umount of tt�c praceeds multlplled by the fallowing ---- ---
<br /> fractian: (a)the tatel amount of�he sums aecured immedlately bafore the taking,dtvided by(b)tAe fa�r market value of the
<br /> � Property immediauly before the wking. My balanoe shelf bB paId to 8orrower. In the event of a parttal taking of the
<br /> P�opetty in whkh the fair market value of the Property immediatety befon the talcing i�less than the smount of the sums
<br /> . secured Immediatety before tha talcing,unless Ba�rower and Lender otherwise agree in wdNng or unleas appllcablo law
<br /> ,...r,;• othervvise provldes,the proceeds ahall be applied to the suma secumd by thia Securlty Instrument whether or not the sums are
<br />- ;� , then due.
<br />= If the Property is abundoned by Bomower.ar if.sfter nodce by Lender to Borrower that the condemnor offers to make
<br />-'�•+�`• an award or settle a clulm for dameges,Borrower fails to respond to I.ender with�n 30 daya after the date the notIce is given,
<br /> =�:�' . Lender ls authorized ta collect and app}y the proceeds�at its option,either to reatoradon or repair of the Propecty ar to the
<br /> SY, " sums secured by thls Security Instrument,whcther or not then due.
<br />� L1nie.gs�.ender and Borrower otherwise agree in wdting,any applicetion of proceedx to principal shaU not extend or
<br /> postpone tha due dete of the monthly payments refemed to in para�,rcaphs 1 and 2 or change the amount of such payments.
<br />� 11. Borrower Not Released; Forbearance By I.ender Not a Waiver. Extenaion of the dme for payment or
<br /> '. r, ,�, u� modificatIon of amoRlzetion of the suma secured by this Secudty Instrument granted by Lender to any successor in interest
<br /> - -� � ��, of Borrower�ehnti nnt n�erete ro relPnce the linbiliry of the orlginal Borrower or Borrower's successors in interest.L,ender =
<br /> f�:i�>w;;.k�;:'"•�' shelt not be requi[ed to commence proceedings against any successor in interest or refuse to extend tlme for payment or
<br /> � '
<br /> • • - otherwise modify amortization of the sums secured by this Secudty Instrument by reason of eny demand msde by the original _
<br />- Y.��,,�..f: ' Borrower or Borrowerk successors in intemst. Any forbearance by Lender in exerclsins any dght or remedy ahall not be a
<br /> .���,". _ waiver af or preclude the exercise of any dght or remedy.
<br /> 12. 3uc�essoTS and Assigns Bound;Joint and Several Liabllity;Castgners. The covenents end agreements of this
<br /> r' �� '' , Security Instrument sheU birtd and benefit the succeasors and assigns of Lendar and Borrower,eubject to the prov[sions of
<br /> • ' paragraph 17. Borrower�s covenunGs and agreement�shall be joint and several.Any Borrower who co-signs thie Secudty
<br /> � Instrument but does not execute the Note: (a)is co-signIng this Security Instrument only to mortgage,grant and convey that
<br /> � • Borrowerk intcrest in ttie Property under the temis of this Securlry Instrument: tb)is not persanally obllgated to puy the sums =
<br /> „ secured by this Securtty Instrument;and(c)agrees that L.ender and any other Horrower may agree to extend,modify.forbear
<br /> . or make any accommodations with regard to the terms of this Secunty Instrument or the Note without that Horrowerh ���
<br /> - ' consent. �
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<br /> . ' '' 13. Loan Cherges. If the loan secured by this Security Instrumcnt is subject to a law which sets maximum loan
<br /> , • char�es,and thet law Ss finully interpreted xo that the interest or ather loan cha�•ges collected or to be collected In connecdon — -
<br /> �> with the loan exceed the permitted limits,then: (a)any such loan churge shall be reduced by the amount necessary to reduce �;;,,�„-
<br /> the charge to the pertnitted limit;and(b)any sums alrendy collected from Borrower which exceeded perrnitted limits will be o-�=
<br /> �' refunded to Borrower. Lender muy choose to make thi�refund by reducing the principai owed under the Note or by making a
<br /> . :�.
<br /> -- - � -- -- �Iimrt nqvmPnt tn RI�1'M\WPr Tf R(Pf��Rr��'s+(I�trnc t1►itNlrpl fltP fP(IIt(`fl(HI WII� MP}fPA1P(I A�A t1Af1{A��fC�1AVR1Pf1I WIIN(lllt Al1V �. 4'.�-,�-::
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<br /> . • , prcpayment cherge under the Note. ' `�"�=
<br /> - 14. Notices. Any notice ta Borrower provjded for ln this Security Instrument shnU be given by delivering it or by -
<br /> mailing it by first class mall unless applicuble luw requires use of another method.The notice shall be d irected to the Property -
<br /> ' Address or any other address Bortower designates by notice to Lender. Any notice to Lender shall be given by�rst cless
<br /> '. � mail to Lender's addresx stated herein or nny other uddress Lendcr designutc�by notice to Borrower. Any notice provtded for
<br />- ln this Security Instrument shaU bc deemed to huve been given to Borrower or Lender when given as provided In thls .
<br /> _-� ara ra h
<br /> p �1S Governing I.ew: Severability. Thix Security lnstrument shall be gavcrned by fcdcral law and the luw of the
<br /> � jurisdtct[on in which the Property i�Icxated. ln the event thut uny provi+ion or cluuse of this Security Instrument or the Nate
<br /> conflicts with applicnble Inw,such conflict xhuU not uffect other provisians of this Security Instn�ment or the Note whinc�an
<br /> , - - • ' be given effect without the contlicting pmvision. To thi+end the provi.inrtm of thi�Securiry Instrument und the Note am
<br /> „ declured to be sevemble.
<br /> � 16. Borrower's Copy. Borrower shull lx given one confonned copy nf the Note nnd of this Security[nxtrument.
<br /> 17. '�ra�.sfer of the Property or a Benefictul interest In Borrower. If uII ur uny pun of the Prope�Yy or nny intcrest in
<br /> , " it iti sold or ttansferred(or if u beneCiciul intrrest in B�rrower iti sold or trunsfcrrcd nnd Borrower is nd u nnturul penon)
<br /> � „ without Lenderti prior written consent,Lender muy,at itx option,requirc immediate puyment in full of All sums secured by
<br /> ` •� this Sccurity Inctrument. However,thix option shull not hc excrcised by Lender if excrcirc i�prohibited by federal law us of �
<br /> , the dute of this Security[nstrument.
<br /> If Lenderexercises this option.Lender,hall�ive Borcower notice of uceelerution. The notice shall provide a period of
<br /> . not less thsn 30duys from the date the notice is dclivercd or muiled within which Borrower murt pay ull tiums secured by this
<br /> Securlry Instrument, If Borrowcr fails to pay the�e sums pric�r to the eapirution of this period, Lender mny invoke:uiy
<br /> , remedies pem�ineJ by this Security lnstrument without funhcr noticc or demand on Bom�wcr.
<br /> IS. Borrower's Right to Reinst�te. If Borrowcr mcets ccrtain conditions, Borcower shall huvc thc right ro huvc
<br /> • enforcement of thi+5ecurity In+tNmem discontinued ut uny timr prior to the enrlier of: (:U S duys(or auch other period us
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