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<br /> '� condemnation or other takIng of any part of the Property,or for conveyunce in lieu of condemnation,are hereby assi�ned and �!';;�;:�,�j�:�.T._
<br /> :h � �'.�—
<br /> � :':;; n: . � ..•,..:�. shatl be paid to Lender.
<br /> � - •. • �� .� In tha evene of a total taking of the Property, the proceeds shall t�e applicd to th� sums secured by this Securlty �?'=--�-
<br /> �,",....,:��• .. ° � Insuumenti whether or not then due,with any excess pnId to Borrower. In the event of a partial takins of the Propeny in �`y''�`''�•�_�
<br /> ��?'!�'•'�'��:::���''� ��� which she fa�r market value of the Property immedistcly beforc the taking is equal to ar greater than the Amount af the suma _-�"i� _
<br /> s,r�. " secured by this Secudry Insuument Immediatcly before the taking,unless Boaower and Lender otherwise agrec in wdtin�. 7���'i��w-"; _
<br /> . °" the suma secured by this Security Insaument shull be reduced by the amount of the proceeds muitiplied by the foliowing �•� � r��r�=._='= -
<br /> ' fractlon: (a)ths total nm�unt of the sums secured immediately before the takin�.divided by(b)the fatr market value of the `'�`�_�---
<br /> _. '�'.• , �'� �'� �:•.. .._,-.
<br /> " Pro rt immediatel before the tukin . An balance shall be aid to Borrawer. In the event of a artial takin of the • ''`^�=•-
<br /> • Pe Y Y g Y P P � _ r�;.,:;
<br />- .• ` Property in which the fair market value of the Property immedintely before thc taking is less thun the amount of the sums � ��4:-
<br /> ' ' secw�ed immediately before the taking, unicss Borrowar and Lender atherwisc ngree in wrfting or unless applicublc law � ~ ' `
<br /> � • •� � otherwIse provtdes.the proceeds shall bc applied to the sumx secured by this Security Instrument whnther or not thc suma are . .
<br /> . then due.
<br /> If the F'roperty is abandoned by Borrower,oc if,aRcr nottce by Lender to BoROwer that the condemnor offers to mske '
<br /> • " an award or settle a claim for damages,Borrower fails to respond ta Lender witbin 30 duys ufter the datc the notice is given, .. .
<br /> � ' . � L.ender is authorized ro collect and apply the proceeds,at its option,either to resroration or repuir uf the Property or to the .+
<br /> , • sums secured by th[s Security Instrument,whether or nat then due. ,�
<br /> � Unless Lender and aorrower otherwise agree in writing, uny upplicution of proceeds to principul shall nat extend or
<br /> . postpone the due date of the monthly paymer.�s referred to in paragrnphs I und 2 or change the umount of such payments,
<br /> il. Borrower Not Released: Forbcarance By I.ender Not a Walver. Extension of the time for payment or ' „
<br /> _�.__ modification of amoni�eti�n�f the�umc cecured hy thi�Secuttitv Instrument�ranted by Lender to unv�uccessar in interest _._____.;,_.__ ' � _�
<br /> - - -- -- -
<br /> -
<br /> • , of Bonower shall not operate to release thc: liability of the original Borrower or Borrower's successors in intemst. Lender ,
<br /> shaU not be required to commence proceadings agninst uny successor in interest or refuse to extend time for puyment or ••
<br /> otherwise modify amortization of the sums secured by this Security Instrument by reuson of any demund mude by the original . °'
<br /> Borrower or Boaower's successors in interest. Any forbeurance by Lender in exerci+in�uny right or ramedy shail not be u . •
<br /> • walver of or pmclude the exercise of any right or remedy. ' �
<br /> 12. Successors and As.9i�ns Bound;Joint and Several I.iability;Co•sisners. The covenAnts und agreements of this '
<br /> �' Security Instrument shall bind und benefit the successors und ussigns of Lender und Borrawer,subject to the provisions of ' .
<br /> paragraph 17. Borrower's covenants und Ag�eements �hull tx joint und xeveral. Any Borrawer wha co-signs thix Security t•„
<br /> • Instrument but does not execute thc Note: (u)is co•si�nin�this Security Intitrument only to mortgage,grunt und convey that
<br /> Borrower's interest in the Property undcr the tertnti of this Security Instrument; (b)is not�xrsonally obligutcd ta puy the tiumx +!r-
<br /> ' . secured by this Securiry Instntment:und(c)ugrees that Lendcr und any othcr Borrower may u€me to extend,modify, forhear �';
<br /> or make any accon�modations with mgard to the terrn� of this Securiry Instrumcnt or the Note without thut Borrower; 'i~
<br /> ...
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<br /> _ _
<br /> 13. Loan Char�;es. If the loan +ecured by thiti Security instrument is +ubject to u law which sets muximum loan �,, �)
<br /> churges,and that Iaw is finally interpreted so that the interest or other loan charses collected or to be collected in connection �• �)
<br /> • with the loan exceed the permitted limits,then: (n)uny such loun churge shull lx:reduced by the umaunt necesxAry to reduce � , ' .
<br /> ' the charge to the permitted limit;nnd(b>uny sums ulreudy co�lected from Borrower which exceeded permitted limits will be � �
<br /> ' refunded to Borrower. Lender may choose to muke thi,mfund by reduring the principtQ awed under the Note or by mukin€u ; ,'• �
<br /> direct pnyment to Borrower. If a refund reduces principal, the redurtion will be treated u,a purtiul prepuyment without uny � •'
<br /> prepayment char�c under thc Note. '--� 1
<br /> 14. Notices. Any notice to Borrower provided fi�r in thi,Srcurity In+trument tihull be given hy delivering it or by I 4• '�
<br /> mailing it by fint class mail unles.upplicuble law rcyuire.u,e of unothrr method.The notire�hall be directed to the Property f !� �
<br /> Address or any other uddress Borrower desi�nutr.r by notir�to I.cnd�r. Any noticr to Lendcr xhall be given by firxt class ,
<br /> muil to Lender's uddre►s titated herein or uny other addretis Lenctrr drtiiEnntrs hy notire tu Borcower. Any notice provided t2�r ' `•
<br /> in this Security (nstniment .huU tx: deemed to h,wc hccn gi�un tu Borrowcr or Lrndcr whcn given as providcd in thi� I
<br /> puragraph. ,(.�
<br />- 15. Governtng Law; Sevcrability. Thi, 5ecurity Intitrumcnt shull t+e govcm�d by frdcrul Ic+w and thc law of thc � . . _
<br /> jurisdiction in which the Property i+li�cated. In the ev�nt that uny provi,iun or clau+c uf thiti Srrurity lnstrumrnt or the Note
<br /> cnnflictc with»pplirt�hlc•Inw,.unc�ontlfct�hull n�+t aftect i,thcr pru�•i�ic�n��dlhic Srcuritv In�trument or thc Notr whinc�an � � . . .
<br /> be given effect without thc conflicting provi+ion. li> thiti rnd thr provttiic�m of thi� Srrurity In�trument and the Note um
<br /> declared to be xevcruhle. � •
<br /> 16. Borrnwer's Capy. Burrawcr.ha�l tk givcn om cunl��rnmd copy��f thr Nutr and of thi+Srcurity Inticrument.
<br /> 17. 'll�ansfer of the Property ur n Beneficiul Interest in Burro��•er. If;�II or any part uf th�Pro�rty ur uny intere+t in � �
<br /> it i+sold ar trunsfcrrcd for it u txnrtiriul intcrr�t in Bortuwrr i��uld ur tr:ui+frrred �nd Borro��•cr i,nut •r natural pcnon�
<br /> without Lendrr;pric�r writtcn ron.rnt.Lcndrr ma�.nt it.c�piiun.m��uirc immc�liai� payrncnt in full uf aU.um��crund t�y
<br /> this Security Instrument. Howrver,thi`option�hall m�t hr exercixd hy LcnJer if'exrrcitie iti prohihiteJ hy frdrr:d law a. c>f
<br /> • thc date of thix Security!n>trumrnt.
<br /> If Lendcr cxcrritics this option.[.rndcr.hull giv� Borro�+rr nutirr uf urrelrr:ninn. 7'hc nutirr�hall providc a Fx:ri�xl c�f
<br /> not lezti than 3U duys from thc date th�nuticr i�dcli��cr�d or mailecl��ithin w hirh k3urr��arr mutit pa��all,urn+ticcurcJ hy thi�
<br /> Sccurity Instrument. If Ri�rrow•rr fail+ to pa�• th�+c .um. pri�,r tu thc rrpiratiun��f thiti prriud. I.rnJcr m:►y invi�kc an�•
<br /> remedieti pemtittcd by thi.Scruritp ln.trumriit��ithuut furthrr nutice ur drmand un H��rru�r�r.
<br /> 18. Borro�ver's Ri�ht t�, Reinstute. If [3urroHCr mrct, rr��t:�in r��nJi�i��n,. Korru��rr .hall havc thc right tu havc
<br /> enforcrment c+f this Serurity In,trument di+c�mtinurd ut:my timr pri��r tu tlir e��rlicr�if: I;u 5 da�•.(or,uch othrr perial :►.
<br /> tiw�le Fanuh-•Funnfe�tuc�F'reddle�fuc I'\IFOR�t I�ti 1'kl�tE\1'� t nd„mi Ca�cnant. Y,90 rp,i�r1„/n�eie.•v
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