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<br /> �° --�--- condemnutiwi or otlier tnku�g of any pail of thE Property.or for conveyanco in laeu of condemnation�aro i�ereby a4signra!nnd
<br /> —' shall�pald to l.cndar. --
<br /> — -- iro the evsnt of� total t�icing of tho Prop�r�y,the p�.x:rx� ahall be wpplled w tha aums r,ecured by this Sccur3ty -----
<br /> — = inswmen� whether or not then due,with any oaceas paid to Bmrower. In�he event of a partiul tatcing of tho l�roperty.in --
<br /> — -- ------ �vhioh the falr market value of�p�+op�ny immediately before the teking Ig cqe�e!to or grenter 1hAn the asnount of the euina
<br /> — -�= _
<br /> �secund by thlR 3ecudty Instrument immedfately before the taking,unlcss Borrower and l.ender otherwitio agne in wdting,
<br /> �—"- _`-' - ''' the sums secnred by this Secudty Insdument ehal!bo neduced by the umovat ot the pmceeda multiplfed by tho faliowing c �- '"
<br /> — fractIoR: (a)the u►tal amount oF the sums secured immedistely befon the tnking,divided by(b)the fnir market value of the
<br /> -° Property immedlately before the taking. Any bakince shell be paid eo Borrower. la tho event of u partinl takIng of the
<br /> - Property in which the fair market value of the Propccty immediutely before the�aking ia less than the wnount of the sums
<br /> ? secund Imrnediately before the taking� tutlesa Borrower and Lender otherwtse a�ree In wdting or unless applicable law
<br /> othenvise pmvtdes,the proceeds shall be applIed to the swns secured by thta Secudty Tnstn�ment whether or not the sums are
<br /> then duc.
<br /> If tha Property is abandoned by Borrower,or if,after notics by Lender to Bonrower that the condemnor offete to meke
<br /> '`�' an awarA or settle a ctaim for dama es,{3on�ower falls to nes
<br /> g. pond ta L.ertder within 30 days uftcr the date the norirc is glven,
<br /> ' I.ender is authorized ta collect and apply the proceeda,at!ts option,either to rrstassttion or repalr of the Property or to the
<br /> sums secur+ed by thia Securlry Inshument,whether or not then due.
<br /> + Unless Lender and Borrower otherwlse agree in wdting.any appltcat�on of proceeds to princlpal shall not extend ot
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> tl.Borrower Not Released; Fbrbearance By I.ender Not a Waiver. Extension of the timc far payment or
<br /> • s-�+; :, mcxiification of emorttzatlon of the sums secured by tl�ls Secarlty Irstrument granted by Lender to any auccessor m interest �-
<br /> ���"" of Aor*nwer s@al!not o�.+?��at?to releas!� the liabfliry�f the original P�rr�wpr or Rormwer!c xuccesr,cma in intereat.Lender =_
<br /> ;;.�?�'.�ti`e.T'4'`',�.�•��• shall not be requIred to commence proceedings agaInst any successor in interest or refuse to extend ttme fot payment or
<br /> •�� �' " otherwise modify amortlzatton of the sums securcd by this Secudty Instrument by reason of any demand made by the odglnal
<br /> " � , ,.L^ Borrower or Bv:rower�s successora in interest. Any forbearance by l.ender In exerclsing any right or remedy shall not be n
<br /> �`�'''��� �� • walver of or preclude the er,ercise of ony right or remedy.
<br /> • • � 12.Suaessors and Assigna Nound;Jotnt and Several Ltablltty;Castgnera. The covenar:ts w,�agr+eemenra�f thtA —
<br /> '• •' ' ' Secudty Instrument shali bind and beneftt the successors end assigns of Lender end Borrower,subject to the provIstons of
<br /> ' ' paragraph 17.Horrower!s covenants end asreements shall be jotnt and several.Any Borr�wer who co-signs this Security
<br /> ' Instrument but dces not execute the Note: {a)ls co-signing tD�is Secudry Instrurnent only to mortguge,grant and convey that F==�—
<br /> • Borrower�s interest in the Property under the terms of this Security Insuument;(b)is not personally obligated to pay the sums ;�__
<br /> . , secured by this Security Instrumenr.and(c)agrees that L.ender and any other Borrower may agree ta extend,modify.forbear
<br /> � ' or malce uny n�commodations with negrud to the terms of this Securlty Instrument or tl�e Note wIthout thut Borrower's
<br /> - .. _ castisccst. ��
<br /> 13.Loan Chargesc.. If the loan secured by this Security Instn�ment is subject to a taw which seGs muximum loan ��,�r
<br /> ; charges,and that law is finally interpreted so that the interest or other loan chaz�es collected or to be collected in connection —`_
<br /> with the loan exceed the permitted Limits.then: (a)uny such loan ch�uge xhall be reduceci hy the amount necessary to reduce '+�ir,r'
<br /> ' ' � the charge to the permitced limit;and(b)any sums already collected from Bortower which exceeded permitted limits will be `'?"�����a
<br /> refunded to Borrower. Lender may choose to make thix refund by reducing the principal owed under the Note or by muking a • �"-==
<br /> - • direct puyment to Bomotiver. !f n refund mducet principAl,the rcduction will be trcated as u partial prepayment without any � �°-
<br /> " prepayment charge urxier thc Nate. ' • "
<br /> „ 14.NoNces. Any notice to Borrower pravided for in this Security Instrument shnll be gtven by delivering it or by
<br /> � mailing it by first cluss muil unless applicuble law requires use of unother method.The notice shall be directed to the Property � .
<br /> Address or any ather n�dress Bonower desi�nutes by notice to Lender. Any naice to Lender shc�ll be given by first clnss
<br /> mail to Lender's nddre,s stated herein or uny other addm�s Lender dexignates by notice to Borrower. Any notice provided fot
<br /> in this Security [nstrument shull bc dcemed to havc becn biven to Borrowcr or Lender when given a+provided in this
<br /> Purab'mPh•
<br /> 15.Governin�Law; SeverAbllity. 'This Security Instrumcnt shaq bc govcrned by fecicral law and thc law of the
<br /> jurisdiction in which the Pcoperty is locuted, In the event that uny provision or elausc of this Security Instrument or the Note
<br /> conflicts with appltcable law,such canflict�hall not affect other provisionx of th is Security Instrument or the Note which can "
<br /> be given effect �vithout thc conflicting pro�tisian. 'Ib this cnd the provisiom c�f thix Sccurity[nstrument nnd the Note nre - ...
<br /> declared to be severable. •
<br /> � 16. Borrower's Copy. Borrower shull bc�Fiven one conformed copy of the Note und of this Security Instrument. •
<br /> 17.'Ilransfer ot the Property or a�eneficial Interest in Borrower. If al 1 a uny part of thc Property or any interest in
<br /> • it is sold or transferred (ar if a benr6ci�1 interc�t in Bonower i�sold or trnmFerred und Barrower is not a naturul person) �
<br /> . without l.ender's prior written consent,Lender muy,at its option,reyuire immedi�te payment in full of ull sums secured by .
<br /> this Security Instrument. However, thix ciption+huU not be excrci+ed by Lendcr if excrri,c is pmhibited by federul luw u+of
<br /> , the date of this Security Instrument.
<br /> If Lcndcr exerci�es this option,LcnJcr�hall give Burrowcr noticc of accclerrtion. Thc nnticc shull providc a prriod of
<br /> not less than 30 days from the dutc the notice iz dclivemd or muilcd within whKt�Borrower mu�t pny all xums sccurcd by this
<br /> 5ecurity(nstrument. If Borrower fuil, to puy thc�c xum.prior to the expir,►tiun of this pr;riod, Lcndcr may invoke any
<br /> remediespermitted by this Security Instrument without funhcr notice or dcmand on Borrowcr.
<br /> ' 18. Borrower's Right to Reinstate. If Bormwer meet�certuin conditions, Bc�rrower shall have thc ritiht to have
<br /> 5 � cnforcement of this Sccurity InKtrument dixrontinucd at any time prior to thr earlicr ot: la1 S day.tor�uch other period us
<br /> � .
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