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<br /> condemnation or uther taking of Any part of the Properry,or for conveyance in Iteu of condemnutian.am hereby assjgned nnd
<br /> ehall be paid to Lender.
<br /> _____ - - [n the event of a total talcins of the Property. the proceeds shail be+ applied ro the sums secured by this Secudty
<br /> ' Inntrument.whether ar not then due.with any excess puid to Borrower. In the event af u purtial tal:ing of the Froperty in
<br /> - wbich the fair merket value of thc Property immediacely bcfare the teking ls equal to or grcatcr than the tim�unt of the suma
<br /> secured by this Secudty Insuumerd Immediately before the taking.unless Borrower and Lender otherwise ugree in writing.
<br /> the sums secured by this Secur�ty Instrument shall be reduced by the amount of the praceeda multiplied by the fallowing L - -
<br /> � �, fraction: (a)the totel amount of the sums secured immediately before tho taking,divided by(b)the fuir market value of the
<br /> '` Pmpecty imrnediately before the teking. Any balance shall be paid to Borrower. In the event of a partiul taking of the
<br />- < Propecty in which the fair market value of the Propertr irnmediately before the talcing is less thun the amount of the sums
<br /> „ �, secured immedistely before the taking,unless Borrowcr and l.ender othenv�se agree in writin�or unless applicablc !nw =__ -
<br /> otherwlse pmvides,the proceeds shall be applied to thc sums secured by thIs Security Instrument whether or not the sums ure - ___
<br /> ' ; then due. �_�_--
<br /> If the P�+operry is abandoned by Aorrower,or If. aftcr rrotice by L.ender ta Horrowcr that the wndemnor offerx to mulce -----
<br /> : ? , ....� an award or settle a ciaim for damages,Barrower fails to respond to Lender within 30 days ufter the date the notice Ix gtven. �rt__
<br /> Lender is authorized to callect and apply the pmceeds,at its opdon.elther ta restoratlon or repair of the Praperty or to th6
<br /> ; • ' r �'�•�l suma secured b this Secudt Instrument,whether or not then due. `-
<br /> +�._.a_ a;�. Y Y �:.
<br /> <<f �,�:•,� ,�F,: Unless Lender and Bonower otherwIse s+gree ln writing. any application of proceeds to pr�ncipal shull not extend or !�--v'
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<br /> � , ',�h+}•; pnstpone th6 due date of the monthly payment�referc�dta In paragraphs 1 und 2 or chunge the amount of such paymenta. P1,�,__
<br /> ` �. ��'' , 11. Borrower Not Released; Flurbearance B�I.ender Not a Watver. Extension of the time for puyment or ���,ti>
<br /> ' " ' '���' modification of amortizaQon of the sums secured b [liis Securlt Insuument ted b Lender ta an suecessor io intemst
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<br /> � " �?-y���'��- af Horrawer shal!not opernte to rclease the liabiliry of thc originA! 8orrotiver or Borroa•er`s successors in fntemst. Lcnder -
<br /> , rr - �t yi+y�+�
<br /> '���;�";.",-;.`', , shal!not be required to commence proceedings against uny suceessor ln Interest or refuse to extend time for payment or
<br /> �'� ' otherwlse modify amortizntIon of the sums secured by this Secudry Instrument by reason of any demand madc:by the or�ginal ' `�
<br /> .��.. ,;y,.�. .: Borrower or Borrowerk successor�in Interest. Any forbearance by Lender in exercising any rlght or remedy shnll not be a ;„��
<br /> •�'� •• - . � waiver of or preclude the exercise of any risht or remedy. = -'•
<br /> r.•.� ._."�`„, 'v'",,. 12. Successors and Asstgns Bound;Joint and Several I.tabiltty;Casig�ers. Thc cavenanGc and agreements oF this � .-
<br /> • • Security Inatrument shall bind and benefit the successors und assigns of Lender and Borrower,subJect to the pmvisinns of '�``'';`�=
<br /> '" � paregruph 17. Borrowers covenants und agreements shall bc Joint and several.Any Borrower who co-si�ns ehis Security ��
<br /> • Instrument but dcex not execute the Note: (a)is casigning this Security Instrument only to mortguge,grent and convey that �
<br /> "'' Borrowers interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay thc cums
<br /> '. " R� ' secured by this Security Instrument:a�d(c)a$rces thut 4ender and any other Borrower may agrce to extend.modify.forbear ,`. �;�5..
<br /> , . `' or make any accommodations with re�urd to the terms of this Secudty Instrument or the Note without that Borrower's '
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<br /> •• " " � 13. Loan Charpjea, lf the loan secured by this Secudty Intitrument is subject to a law which sets maxfmum loan �
<br /> " charges,and that law is finully fnterpr+eted so thnt the interest or other loan charges collected or to be collected in connection . . .
<br /> with the loan exceed the permitted limi4s,then: (u)any such loan churge shall be reduced by the amount necessary to reduce
<br /> the charge to the permitted limit;and(b)any SumS already collected from Borrower which exceeded permitted IimiGs wiU be '3-
<br /> " r+efunded to Borrower. Lender may choose to mnke th is rcfund by redur,ing the principnl owed under the Note or by makin�a
<br /> direct payment to Borrower. If a refund reduces pdncipal.the reduction witi be treAted a�u p+utial prepnyment without any " .
<br /> „ • i prepnyment chazge under the Note. •
<br /> � 14. Not[ces. Any notice to Borrower provided for in this Security Instrument shell be siven by delivering it or by ��
<br /> ' � i mailIng it by fiirst class mail unless applicable!aw reyuireti use of another method.The notice shall be directed to the Property
<br /> " Address or any other uddress Borrower designutes by notice to Lender. Any notice to Lender shall be given by tirst class
<br /> � ! tnail to Lender!s nddress stated herein or uny other uddress Lender designates by notice to Borrower. Any notice provided for ,
<br /> •� in this Security Instrument shnll be deemed to have been givcn to Borrower or Lendcr when �iven as provided in this , .
<br /> � paragrnph.
<br /> , � . IS. Governing Law: Severability. This Security Instrument shaq bc �ovemcd by fcderal luw und the law of the „
<br /> � . jur�sdiction in which the Property is locuted. In the event thut uny provision or clause of this Security Instcument or the Note
<br /> „ . , conflfcts with npplicable law,such conflict shall not affect other provtsions of this Security Instrument or the Note which can
<br /> � be given effect without the conflicting provision. To ihis end the provisions of this Security Instrument und the Note um
<br /> � •� i declared to be severnble.
<br /> 16. Borrower's Copy. Borrower shnll be given one conformed copy of the Note und of this Security Insuument.
<br /> � 17. 'l�ansfer of the Property or a Beneflcial Interest in Borrower. If u11 or any pan of the Property or uny interest in
<br /> I it is sold or transferred (or if u bcncficiul interest in Borrower is tiotd or trunsfemed nnd Borrowcr is not u nuturnl penon)
<br /> � wIthout Lender�priur written ronzent,Lender muy,ut its option,reyuire immediate payment in fuli of ull sums secured by
<br /> � " �' this Secudty Instrument. Howevcr,this option shull not be exercixed by Lender if exercise i+prohibited by federul Ictw a�of
<br /> ; �. the date of this Security Instrument.
<br /> If Lender exercises this option,Lender shull givc Borcnwcr noticr of nrceier�tion. The notice shall provide u period of
<br /> ?•� �� „ � not less than 30 days from the date the notice is dclivcred or musled witbin which Borrowcr muxt puy all sums secured by this
<br /> �� � Security Instrument. If Borrower fails to puy thcse sums priur to the expirution of this periai, Lender may invoke any I
<br /> ' remedies permitted by this Security Instrument withuut tunhcr natirc or demand on Bnrmwcr.
<br /> ' ' 18. Borrower's Right to Reinatate. IF Borrower mects certain conditiom, Borrower shnll huve the right to have
<br /> . }�' enforcement of this Securiry instrument discontinued u�uny time prior tn the eurtirr of: tu)5 dayx(or such other period us �
<br /> Sing�c Fami►y••Fnnnle Mne/I�Yeddk Mnc UNIFURM INtiTRUMKNT••Unilbrm Covenan�, 919p �pu�;e J ujn�uxesJ I
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