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<br /> eandemnatton or ather taking of any part af the Property,ar for conveyunce in ileu of condem�u"ti6n.nre hereby acsigned nnd ���
<br /> �:�'N'�-�r�,� .R"�'I shall be aid to Lender. ' . .°:_-;' �: �
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<br /> ' ""; �� In the event af u total taking of the Property, the praceeds shull be applied to the�umy secumd by this Security � - .,��.`�:y`--- -
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<br /> • Instrument, whether or not ihen due,wlth any excexa pald to HoROwcr. In thc evcrn of u pattiul tuking of the Property in . �a�,:+;;7�,rc,,
<br /> which the fair mnrket value of ehc Praperty Immediutely befare the taking is cyunl to or srcatcr than the umaunt af thc sumx . :•.��. �, -
<br /> —� �'', . it ki1�:--
<br /> ` secured by this Secudty Instrument immediately befare the taking,unless Barrower und l..ender othcrwl�e ngrec in wdting, ��-'f��:��;-,c,�:,�,.. ^
<br /> '' . ...•.��':'.... the sums secured by this SccurIty Ynswment shall be rcduced by ttrc umuunt af the pracecds multiplied by the following
<br />_ __�.,;:, . ., '�" -:
<br /> j ' fraction: (a)the tatal Amount of the sums secured immediatcly befom thc taking,divided by(b)the fair mnrket vulue of the �. .�s t;,;� �-
<br /> ' • .,;r: �,01,;'},,,.'-�r �Peny ImmediAtely beforc thc taking. Any balnnc�shall bc pafd to Barmwe�. ln thc event af a partiul tuking of thc • _..
<br />_- Property in wh(ch the fair merket value of the Property immediatcly before thc taking is le�s thnn thc amount of thc sums ' �:;;--
<br /> ' �,i;j7.�`",'•`' ''�:�:' secured immediately before the taking, unless Rormwer und Lendcr atherwice agrec in writing or unlegr upplicuble luw •�;`',��•
<br /> < •;�•`.'"'' °' "`' otherwise provldes,the praceeds shall be wpplied to the Wms secun�d by this Securiry Instrument whether ar not the sums ure � "°� ''
<br /> � � ' f� then due. Y • �
<br /> �� _y�'"`�''� ' ' � "� I If the Property is abandoned by Borrower,or if,aftor notice by I.ender to Horrower that the condemnor offers to muke ., , ." ' _�_
<br /> ' `�t„�• �� . � I an award or�settlo a claim for damages,Barrower fails to respond to Lender within 30 duys after the dute the notice is given, �, —
<br />� Lender is authorized to col lect and npply the proceeds,at its option,either ta restaration or repair of the Property or to the �;
<br /> ��.�'r'��� • . ' � sums secured by this Securiry Insuument,whethcr or not then due. ^��'��• ;
<br /> �� ; " � o � ;I Unless Lender and Borrower otherwise a�ree in writing, any applicatlan of praceeds to pnncipnl shnll not extend or ; ,. °
<br /> ' postpone the due date of the monthly payments referred to in paragrnphs 1 and 2 or change the amount of such payment+. ��
<br /> �. " ., ' • .i I 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Bxtension of the tIme for payment or „ ._,:�r_
<br /> y , modifcation of amortizstion of the sums secured by thfs Security Instrument grunted by Lender to uny successor�n interest , , „
<br /> .. , • �. �•i of Horrower sh�li not operAtc to relcasc thc liabiiity of thc ori�inal Borrower or 8ortowcr's successors in interest. Lender .. �� __,; --
<br /> _,..__ -_--�—
<br /> • � shalt not berequired to commence pnx:rcJiub,ayai�„t a,�y+i.l��c�aC�P {ii i�x�r.:.t 'vi(t�iiaC i� intC(f� i{titi, FJf pajiriCiii Of — _�
<br /> � ` ! otherwise modify amortization of the sums secured by this Securiry Instrument by resson of any demand made by the original .• " �' .�'•°`
<br /> " ; Borrower or Horrower�successars in intemst. Any farbeurance by Lender in exercising s�ny ri�ht or remedy shall not be u ' � „ � �'
<br /> '' �� " , � wa lver o f or prec ludc thc excrcise of any right or nemedy. ° ��:�.
<br /> <, ' ! lE. Successora and Assigns Bound;Joint and Several Llability;Co-signers. The covenants und agreements of this ��� -
<br /> . � Securiry lnstrument shall bind und benefit the successars und ussigns of Lender and Borrower. subject to the provisions of . �,. �
<br /> ' � para6rnph 17. Harrower's covenants and ugreements shall be jairrt and severnl. An,y Rorrower who co•sigm this Security ; ���''��.
<br /> Instrument but dces not execute the Note: (a)is co•xigning this Security Ins[rument only to mortgu�e,g�ant and convey that .. a:�--_
<br /> . Borrower!s interest in the Property under the terms of this Security Instniment; (b)is not personnlly obli�uted to pay the sums �' � :
<br />� „ ' secured by this Security Instrumenh and(c)agrees that l.ender and uny other Borrower muy agree to extend,modify.forbenr ' �""� Y^
<br /> ' �� or make any accommodations with mgurd ro the terms of this Securiry intitrument or the Note without thut Sorrowert '��•� � '
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<br /> . . .. consent. ' "�'�`�t
<br /> --= i3. Loan�har�es. If che loan xecured by chis Security imtrurnen� i. subjec�to u luw wi�ich ,ri+ muximwu iuun
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<br /> �� ., � charges.and that law is finally interpmted so that the interest or other loun churges colkcted or to be collected in connection ; �
<br /> wIth the loan exceed tf��permitted limits,then: ta>nny such loan charge shull be reduced by the amaunt necesxury to reduce ��;, .f
<br /> " � � the charge to the permined limit;and(b)any sums ulre�dy coltected from Borrower which exceedcd permitted limits will bc ••
<br /> � refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by muking u '�,; � �
<br /> direct payment to Borrower. If n refund redureti principal,thc rcduction will be treuted uti a partial prepu�•ment without any � •
<br /> prepayment charge underthe Note, j°��
<br /> _ 14. Notteee. Any notice to Borrower provided for in thix Security lmtrument shull be givrn by delivering it or by r
<br /> mailing It by first class mai 1 unless upplicuble luw requins u,e of another method.Thc notice.haU be directed to the Property ° -�
<br /> �. Address or any other address Borrower designutex by notice to I.ender. Any notice to Lender �hull be given by first rluss ''
<br /> -��� ° muil to Lenders address stuted herein nr uny other uddrsss Lender de+ignutes by noticc to Bwrower. Any notice provided for ,
<br />-�; in�,t�hi�Shcuriry Instn�mene shull be decmcd tn h,rvr t+een givrn tu Borrower or l.endcr when given us provided in this Ya��-
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<br /> , 1S. Governi�g I.aw; Severabillty. This Sccu�ity Instrument shull lx governcd by feJcr�l luw und the luw of the �.
<br /> , . , jurisdictton in whieh the Property is lacuted. In the evem thm uny provision ur cluusr uf thiy Security Instrument or the Note � �'�' ! .. . =�
<br /> conflicts with applicublc tuw,such conflict+haU not uffcct othrr provisions of thi.Security In�trumcnt or thc Notc which cun �
<br /> ' be given effect without the con8icting provi.ricm. Tc� thi�end the provi+ions of thi.Scc:urity In+trument and thc Notc nrc ` � • �r.
<br /> . - „ I declared to be severnbie. � � � : ��
<br /> 16. Borrower's Copy. Bormwer xhall bc given onc confomted copy of thc Notc and nf�hi,Sreuriry In�ttumrnt.
<br /> 17. 1YansPer of thc Property or u Benef7cial lntcrest in Borro�ver. If all or uny purt of thc Property o�uny intcre�t in I ._��
<br /> _ . ' � it is�old or transferred lor if a lxnrficiul interest in B�xr�►�ver i..c�ld or trun,fcrred anJ $nRC�NCr i.nut u nutural penon) ; • �
<br /> , ; without Lenders prior wriuen contient,Lender may,at ii+option,rryuire immediutr payn�em in fu11 ot'ull xums secumd by � ��•
<br /> .. this Securiry In�trument, HoN•cver, thi.optiun xhe+ll rnn tx:cxrrciud by I.cndcr if cxcrci�r i>�r�,n�n,c�d ny r'�a«ui iuw u,�r '
<br /> ' ; „ the dute of this Serurity Instrument. ;
<br /> t�„ If Lenderexerci�c+thi,option,Lendersh:ill givc &►rruwer notice of accelrr.diun. The niiticr�hall nrovide u period of � ��
<br /> ' -• not les.thnn 30 days fmm the dutc thc not icc i.drlivrrcd or muilyd with in which Burro��•cr mu.t pay all,umx,ccurcd by thi. 4 ,
<br /> r� , Sccuriry Instrumcnt. If Bormwcr faik tc�pay thrsr �um. prior tv thc expir:�tiun ��f this�xri�xi, l.endcr may invoke any � ,
<br /> :�, remedies permitted by this Securiry In+trurnent without further ncuic�or demund on Borrower. � �
<br /> _ . 18. Borrower's Rt�ht to Reinstate. If Be�rn►wcr mcet� certuin c�mditian.. Burru��er .hall havc thc right to havc � �
<br /> � • enforcement of this Security In,trumcnt diuontinucd ut�uiy tinm priur tu thc rarlicr of: (:n S�iaqs tnr.urh othrr peri�i a. •
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