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<br /> yP�;�,�rf����� condemnudon or ath�;r taking a�uny pnrt of Q�e Property,c+r for conveynnce ln Iteu of condsinnnttan.nre heraby aeaiBnecl anQ.•
<br /> - — shnll he paid to l.ender. - -
<br /> '�� '`�{ In the eve�t of e total telcing of tho Pmpsrty.thpprocecds shaii be applicd to tAe suma x�cunad by this Sos►vlty •�----�
<br /> „�a:�._� Inatrument,whethar or nat thcn due.�vith nny excess pnid to Aorrowcr. In the evcpt of a paKinl tnking of the Propenty in
<br /> R,���.��� whtch d�e fNr markat ve�lua af the Proparty Immediatety before tha tahinII is oquul to or greater thun tha umount of tha nums ._.
<br /> secured by this Security Insuument lmmedintely before the Wkln�,unless 8arrower tu�d Lender ot�erwise Agree in wrltin$. �;;�;�;�:,;;
<br /> �ry;��„�;„r,,,���b3� tho sums secured by this Security Insaumem ahall be�educed by the amount of tho ds�i�uldplted by ti►e fo{lowin� �
<br /> '__-�Sr�:,;��?rur. ,, ftactian: (s)!he total cimaunt of the sums secw�sl immedtately before the taking.d(vi ed by(b)the fair mFUrket voluo of the
<br /> . ::'`' ..�� . Property immediately before the teking. Any bulance shall be patd to Boirower. In the event of u partiel tnking of the --
<br /> ���=;�-=�=1�. !'�operty in v�hkh the fair marlcet value af the Piroperty immecifately 6efore che takIng is less thnn tha tunount af the sums �____
<br /> � ' � . secured Inunedistely before the teking, unless Botrower nnd I.ender otherwise agree in wrlting or unlesa applicabla law =-
<br /> �� otherwIse providea,the proceeds shall be applied to the sums secarecl by this Secudry Inatrument whether ar not the sums we m
<br /> � then due. _-
<br /> If the Property is abandoned by Borrower,or if,after�otIce by Lender ta 8orrowor that tha condemnor offars to make = �
<br /> • an award or settle a ciaim for dumages,Borrower fails to respond to Lender within 30 days after the date tha natica is�iven. —__ _
<br /> l.ender is author�zed to colleci and apply the praceeds,at its opdon,either to restoration or r6pair of the Praperty ar to the -
<br /> - sums secured by this Security Instrument,whether or not then due. �_-
<br /> ," Unless Lender and Borrower otherwise ageee in wtiting.any appllcation of praceeds to principal shall nat extand or _____
<br /> _'�• postQone the due date of the monthly payments referrod to in paragraphs 1 and 2 ar change the amount of such payments. �---
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<br /> •• 11. Borrower Not ReleaseA; I�brbearance By Lender Not a Waiver. Extension of the time for payment or ,�:�_
<br /> '�='^;':"-: � = modi�cation nf amortization of the sums secured by this Security Instniment granted by Lender to any succcsssor in intorest `��;;,';,_
<br /> ' ����'t��'� - of Borrawer shalt not operate to relea.ee the liability of the original Boaower or Barrower�successors In fnterest.Lender ;�;r�`
<br /> . �• '� .�"' shall not be required w commence prnceedings Against any successor in tnterest or sefuse to extend time for payment ar
<br /> ' ; � otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand rnade by the original �:; :
<br /> ° . ' Borrower or Borrower�s successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a _��_'"�i
<br /> '+'��' waiver of or reclude the exercise of an ri ht or remed
<br /> '„��;{i.^,.f,,; P s Y S Y• y C g�ments of this =°'
<br /> .,r 12. 3uocessors and Ass1 as Bound;Joint and Several Liabiiit ; astgners. 'T'he covenants und a �_,_
<br /> ° ��`�"''� � Securit instrument shall bind and benefit the successors and a.signs of Lender and Borrower. subject to the proviaions of --
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<br /> �°' ' `��+'�� - para�rap h 1 7. Borrower R covenants an d agreemen Gs s ha l l be join t a n d s e v e r a l. M y B o r rower who casi g ns this Securit y --
<br /> •`�� �� ` �� instrument 6ut does not execute the Note: (a)is co-signing this Security Tnstrument only to mortgage,grattt and convey that
<br /> ,� .. .,.. ,
<br /> � Borrower�s interest in the Property under the terms of this Security Instcument: (b)is not personally obligated to pay the sums
<br /> ,.1•-�`'S{��`�;.,, ' secured by this Security Instrument;and(e)agress that Lender and any other Borrower may ag�ee to extend.modify.forbear
<br /> ' ',�"4�:•�- or make any accommodations with regard to the terms of this Security Inswment or the Note without that Borrower's ____
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<br /> �� • 13. Loan Charges. If the loAn secured hy this Security Instrument is subject to a law which sets maximum loan �---
<br /> ' • charges,and that law is finally interpreted so that the interest or other loan charges collected or to be callacted in connecdon
<br /> .. with the loan exceed the permitted limits,then: ta)uny such loan charge shall be reduced by the amount necessary to reduce
<br /> � the charge to the permitted limit;and(b)any sums alread��collected from Borrower which exceeded permitted Ilmits�vill be __
<br /> � refunded to Borrower. Lender mny choose to make this refund by reducing the principal owed under the Note or by making a �`-_
<br /> . , direct payment to Borrower. if a refund reduces principal,the reJuction will be treated ns a partial prepayment without any °�'
<br /> . � ' ?repayment charge under thc Note. ' �_
<br /> .. 14. Notices. Any natice to Borrower pro•�ided for in this Security Inxtrument shall be biven by deliverins it or by ��—��
<br /> �� . , mailing it by Crst cluss muil unless applicable law reyuires use of another method.The n�xice shall be directed to the Property 't���
<br /> � Address or any other uddress Bonower designates by notice to Lender. Any notice to Lender shall be given by Crst class �''�°'
<br /> '�;; muil to Lender's address stated herein or uny other address Lender designates by notice to Borrower. Any notice provided for
<br /> ' ' in this Security Instrument shall he deemed to huve been givcn to Borrower or L.endrr when given as provided in this
<br /> � paragraph. .
<br /> 15. Gove�ning Law; Severability. This Sccurity Instrument shall be govemed by federal 1aw and the law of the
<br /> jurisdictian in which the Property is lixuted. In the event that any provision or clausc of thix Securit� I�stmment or the Note
<br /> conflicts with applicable law,such cnnflict shall not affect other prvvision�of this Serurity'rmtrumeni or the Note which ean �
<br /> . be given effect without the conflicting provision. To thi�end the provisions of thiy Sh:�irity lnstrument and the Note are �
<br /> �;��;r declared to be sevcrable. •�
<br /> , 16. Borrower's Copy. Borrower�hall tx�ivcn onc contbrtned copy of thr Not�artit.�!thea Securit}lnstrument.
<br /> 17. 'I�ansfer o9'the Property or a Beneficial Interest ln Burrow•er, lt all or am pa:t 4�f ahe Pro�erty or any interest in
<br /> it u sold or tr�nsferred(or if u lxneftciai intemxt in Born>wer i++oIJ or tramfcrced and ��nc�«�rr i�nw a natural person)
<br /> without Lender:pri��r written rcrosent.Lrnder may,at it���ption,rcyuirc immediate payment in fu11 of all sums secured by ' .
<br /> � ~ this Security Instrument. However,thi�uption xhxll nut tx exercisrd hy Lender if cxenise i.prohibited by federal law nx of
<br /> . • the date of thiti Security Instrumcnt.
<br /> if Lender exerciseti thi�optian,J.cnJe:tihaU gire Borrowrr noticr of uccelrration. The notice�hall provide a period of
<br /> not lesti thun 30 days from the date the notire ir delivcrrd or muiled within which Borrower mu�t pay all sums tiecured by this
<br /> Secsrity Instrument. If Borrower fuil. to pxy thr.e tium� prior ro the rxpiration crf thi, periai. Lender may invoke any �
<br /> remedies permitted by thiti Securiry In,trument without funhcr noticc or dcmand on Borc��wrr. .•
<br /> 18. [iorrower's Right to Reinstate. If Borrow•cr :rx::, rertain ronditiun�, Bon��.cr tihall have the right to have S�;��'�;.
<br /> enforcement of thi,Serurity Imtrument Ji.rontinued at am ��..�:prii�r tu thr r:�rlirr��1: i.0 5 day�eor,uch uther periad as �,' � .
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