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<br /> — rondeme�atIan or other taking of any purt of the Property,or for conveyunce in lieu of condemnadon,urc here y t�+sig�ed and
<br /> ehell be putd to Lender,
<br /> ln the event of a totul taking of tha Property. the prac�eds ahsil bz flppUed to the suma secared bp this Securlty
<br /> Instn�mem.whether or not�hen due.with nny excess paid to Boirower. Ia the event of u partial taking of)he Pmperty in
<br /> which tha fak merket value of tho Pr�perty immediately bafara tho wlcing is equal to ar greater thati the+unount of tho suma
<br /> _____ xsctu+ed by thts Security Instrument immedtately befone tha taking,unlzss Borrower end Lender otherwlse ugt+ee in wrlting.
<br /> - ' -" •° the sums secuned by thIa Security Inatrument ahall be reduced by the amount of the proc ,s multiplied by the followiag `
<br /> � fruction: (a)the total u�nount of the suma sccured immediat�ly befote the taking.dtvtded b�)the fair market valuo of the
<br /> . ;.� Property immediately before the tnking. My balnnce shalt be paid w Borrower. [n the event of a purtial taking of thc
<br /> Property in which the fair market value of the Property immediately before thc taking is less thaq the amount of the sums
<br /> s e c u n e d i m m e d i a t e l y b e f o�t h e t a k I n�.u n i e s s H o r r o w e r a n d L e n d e r o t h e r w i s e u s n e e I n w r l t i r.g o r u nless a p plicable!aw
<br /> otherwise provtdea.the proceeds shall be applled to the sums secured by this Secur3ty lr+strument whether or not the sums are
<br /> then due.
<br /> If the Property is abandoned by Borrower,or if,after nodce by L.ender to Horrower thnt the wndemnor offera to make �' -
<br /> - %'�� an awxrd or settla a claim for dama$es,Borrower fails to respond to Lertder within 30 days�fter the date the rtotice is given,
<br /> . Lender is authorized to collect and apply the proceeds.at its opdon.etther to restoratlon or repuir of the Property or to the �---
<br /> �/ sums secured by this Security Instrument,whether or not then due.
<br /> � Unless Lender and Borrower oiherw3se agree in wrtting,nny application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly paymcnus referred to tn paragraphs 1 sind 2 or change the amount of such payments.
<br /> 11. Bo�rower Not Released; bbrbearance By Lender No! a Waiver. F,xtension of the time for paymert or
<br /> �,�.-�� modificettun of amottizadon of t6e sums secured by this Security Instn�ment Branted by L.ender to uny successor!n U�terest .
<br /> ,, of Bomower shall not operate to celease the liability of the ad�inal Horrower or Borrower's successors in interest. l.ender
<br /> :5: . shall not be required to commence proceedings ugainst any successor in interest or refuse to extend dme for payment or
<br /> ��'�' otherwise modify amortlzatIon of the sums secured by this Secur�ry Ustrument by mason of any demund made by the or3ginal �
<br /> ,�;;�;u.: ;;";�;cR 8orrotver or Borrower's successors in lnterest. My forbemrance by L�ender In exercisIng any right or remedy shall not be a �.;.:_�,
<br /> - � � weiver of or preclude the exerclse of any right or remedy. �� _
<br /> � •�, �. 12. Succescore and Assi�ns Bound;Jotnt and Several Liability;Casigners. The covenants and a�reements of this �,�,,,.,x_
<br /> `� ' `•�� Securiry [nstrument shali bind and benefit the successors And nssigns of Lender and Borrower,subject to the provistons of �..-..
<br /> ' � , . • � �' ` paragrnph 17. Bomower's covenants and agrcements shall be joint and several. My Botrower who casigns thls Security � °
<br /> � - •• insuvment 6ut daes not execute the NIote: (a)is co-si�ning this Security Instrument only to mort�uge.grnnt nnd convey that c °"'
<br /> ^ . - Bomower�s interest in the Propert�under the terms of this Security Inswment; (b)is not person�lly obligated to pay the sums ;,�,��f'°•�°
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<br /> ' secured by this Securlty Insteument;end(c)agrees that i.ender attd�tny other Borrower may agrcc to extend�modify.forbear .��` .,
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<br /> or make any accommodatjons with tegard to the termx of this Security Instrument or the Note wlthout that Borrower's '' `-
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<br /> - 13. l.onn Charges. lf the loan secur�ed by this Securiry Insuvment is subject to u law which sets maximum loan .r,3 .,
<br /> ' charges,and thxt luw ii finally interpoeted so that the intercxt ur other loan charges coitected or to be coitected in connecdon :1��tti�,,-
<br /> _ • wIth the loan exceed the pennitted limits,then: (a)any such loan charge shall be reduced by the umount necessary to reduce • ''
<br /> the churge to the permitted limit;and(b)any sums slrr:ady collected from Borrower which exceeded pertnitted Ilmits will be ;
<br /> �' r�efunded to Borrowcr. Lcnder may choose to malce thiti refund by reducin�the principal owed under the Note or by making a � _
<br /> - direct payment to Borrower. If a refund reduces principal,the rtiduction wilt be treated a+u panial prepayment without any r . .;
<br /> • prepayment charge under the Note.
<br /> 14. Notices. My notice to Qotrower provided for in this Security In.trument shall be�iven by delivering it or by •
<br />� , m:uling it by tint cl:�sti mail unlesx applicuble luw reyuire+usc:of another method.The notice shall be directed to the Property
<br /> Addres.�ar:u�y other uddress Borrower designates by noticc ro Lendcr. Any notice to Lcnder shull be given by�rst clnss
<br /> mail to Lender's address stated herein or:►ny other addres.Lender deti;�nates by notice to 8arrower. Any notice provided for
<br /> - " � in this Security Inswment sh;ill be deemed to have txrn �;iven to Borrower or Lender when given as provided in this '
<br /> f „ Paragraph.
<br /> IS. Governin�La�v; Severability. This Security In+trument shall be guve:ned by federnl luw and the law of the
<br /> jurisdic[ion in which thc Property is la:ated. ln�he event that any pruvision or cluu+e of this Security Instrument or the Note
<br /> - conflicts u•ish applicabl�law.,u�h confti�t,hail not affcct uthcr pro�•isions of this Sccurit�•Instrumcnt or thc hote whlch�an •
<br /> . be given effect without the conflirting provisiun. To thi�end the provirion.of thi+Security In,wment and the PIote:u+e �
<br /> . declnred to be severable.
<br /> �� 16. Borrower's Copy. Borrower shall be gi�en unc cun formed copy of the Note:utJ of this Security Imtrument.
<br /> , 17. 'i1�un.sfer of the Property ur a Beneflci�i Int�rest i n Burrower. If all or any part of thc Property or any interest in "
<br /> � it is sold or tr.msfemed lor if a beneficial intenyt in Burrower i�.old or tranxferred and Borruwer i, not a nutural person>
<br /> without Lender's prior written consent,Lender may,at its optiun,nyuire immeJiate paymcat in full uf ai� wm.secured by
<br /> this Security lnstrumcnt. Huwever,thi,optiun shal!not bc:�xeRi.xd by Lender if exerci,e i,pruhibitrd by fcderal law as of • �
<br /> the ds�te of this Security In.trument.
<br /> . • If Lender exeniu�this optiun.Lender+hall givc Burro�<<r notice of acceleratiun. The notic��hall pravide a period of i
<br /> not tes,than 30 da,ys from thc dutr the nuticc i+JrlivercJ or mailexl within whirh Borrowar mu�t pay all.ums�ecured by this �
<br /> ' Security Inswment. If Buerowcr fails tu puy thc.e wm.pnur w thc expiration uf thi. �ri�xi, Lrnder m�y invoke:u►y �
<br /> i ., remedies permitted by this Sccurity In�trument w•ithuut furihcr naticr ur demand un Burruwer. ,
<br /> 1& Borrower's Ri�;ht tu Retnstnte. If Burruwer rr,�c►. rcrtuin candition+, Borro�ver .hall have the right iu havc
<br /> y enfurcement uf this Security Intitrumrnt di+continued at:uiy timr priur tu the rarlier uf: Ia) 5 Jay.lur wrh other�rnx1 a� �
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