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<br /> . . "�;,,� cuatd:mnatlott er ot�r tnkino af nny part of tiie P�+operty.ar for ranveyunce in lieu of wndemnntion,arc hercby assigrted and ---1::._.,�--- _
<br /> '�,�' � R h n l l b c p a i d t o l..c n d e r. ��
<br /> , �• •`�`� In thc event Rt n tou►1 tukin of tho Pto tty tha Proreeds ehall b$n lied to tha eums r.�curcd by �his Securtry ��'°'`-` - _
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<br /> .,;��,�.,.,{tr;ts'°`' Irosuum�nt.whethe�at ttai then due,wiifi any cxcexs paid to Bolrower. ln the event af u garti•��tuleing of the Properry in �,�i��+�E��;.i�=
<br /> ' �� � which thfl fair ntarket vnluc of the i'ro}xaty imrnrdlctaly befote thc tcilcing is equul to or g►enter thun the umount of the surtts ______ __
<br /> . • �. -
<br /> ,,- nc�urcd!�y ttds Sea:u�ity Instrumcnt immediutely befiorE the takie�,�mlesv Bormw�r and I.ender ott�erwisc ngree in wri�inII, >.. �"��'� '�-
<br /> 1he sums�ecured by thie Securiry Instrument shnll ba reduced by the amount af the ptoceeds multiplied by the fallawing .�r;�.�''
<br /> � traction: tfl)the totni umount af the s;ums seeured imme�fAtely bafore th�takln�.divided by(b)the fair mcuket v�tue of tho .,�.:K;T�e�M-___-
<br /> PropeRy lmmedic►taly bcfore the tuking. Any bulu»ce sht►tt t�pn�d w Burrower. 3�i ti�C event uP u puriiul taking of iho ,.ry.,.� ,� �
<br /> Pmpa»y tn whiah the fiiir m u r ket va lue o f t ho P r nperty immediately befonc the tt�icin g la tes.g thun thc umount of tho suma '`��..�_�._-�.
<br /> s�cured immedlaloly bt+fore the taking, unless Horrower nnd l.ender othenvise ngree in wridng or unless applicublo In�v }"�";�,-�„�--;`.
<br /> othenvi�e rovldes,the mceeds shnll be a licd to the sums secured b this Securit Inswrteent wheiher or not the sums una .�"�t�::"
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<br /> then due. � '�'-`�
<br /> If the Proptsrty is ubandoned by Borrawer,or if,uRer natice by l.ender ro Borrower that the condemnor affer:s ta muke :"""�-�
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<br /> un uwaN or aettle u cluim for damnges.Borrower fails to respond to Lender within 30 days attcr the date the notice is given, .±�,�:"_
<br /> Lender ic:uuthort•r.ed to collect and Apply the prnceeds.at its optIan,either to restoration or repair of the Pmperty nr to the �h. �" -
<br /> sume secured by thie 5ecurity Instrument.whether or not then due. � "`�`.'�+�`,�� "�
<br /> Unless Lender und Borrower othenvise ugree in vnicin,�,any aOPtication of�proceed.c to pmnci�ul.r•hnll not extend or �
<br /> -''-� postpone the due date of the moathly psiipments r�efc�to in�aragraF➢is 1�ad 2 or cPra��e tIte�cr�ounu of such puyments. :;a,.�,e•�;;.i.
<br /> �'� . � flIl. Bu,mm�wer No! Released: Fbrbearance �y 4.¢r��¢o� 1�I�rt a 4�f�+6a'¢n: 1Excensio� of tlte ti�ne fcrr pAyment ar � ';.,.
<br /> . , „ ' m.oc9ifisa�tion o�umortizntion of the sums secnue�dl 6y¢Cee�Se�:urity Ins¢rument�rartced Qsy Leesdet eo any see:timsor u�tnterest ---, -.�--
<br /> � off�omuwer s1ta11 nat opernte to release the lia6itiry mf the vrigirtat 19orrower or�orsowerl sucressors in iatere:c�. L.eadcr ;.,•x+,;;,,;''`�
<br /> s(tall rtat be�:quired to commertre pmcee�Gongs against any saccessor in interest or refuse to exrend time for Raymenc or .:._ri. `-�_,-,
<br /> ^ o¢F�erwise�nadify umortization of t4ee sums secured by ahis Security Inswment by rea�on of siny demand made by the orip_inal : "'`'�'��'� -
<br /> Borrower or�orrower�s successors in interest. Any fo�earance by Lender in exercising any right or rcmedy shsill not be a ;.;' ���,�-�y�,_:.t �;
<br /> waiver oE or�n.aclude the exercise of any right or remedy. �. �''', ', �n',
<br /> , 12. SecaY�¢ssors and Assigns Bouuu�;Joint and Several Liability;Co-signers. The covenant�and agreem�nts of thi� �.,
<br /> Security Insteument shall bind and beneiit the successors and sssigns of Lender and Borrower,subject to the provisions of �� .��•�.��
<br /> " " paragra�S� 17. $omower�s covenactu and agreements shall be joint and several.F►ny Bormwer who co-signs this Security � �1���
<br /> insuucreent but dces not execute the Note: (a)is co-sd�ming chis Security Instrumen¢oniy ta mortgage,grant and convey that „ `. , ���
<br /> ' �orrower's interest in the Property under the terms of taniti Security Instrumenr, (b)is not personally obligated eo pay the sums " •;,,�,j�?r"
<br /> secured by this Security Insuument;and(c)agreex thaz Lender and any other Bomower may agree to extend,modiffy,forbear �-%
<br /> or make anv accommodations with regard to the tea�as of this Sec:natity Instrument or the Note without that $oirowe�� •�'��
<br /> consent. t
<br /> ' � 13. LoA� Char�es. If the loan secured by th�is Srcuriry Instrument is subject to u law which sets maximum loun �� , ''���
<br /> t�,;�,
<br /> ' � ch�rges,und that law�s Gna11y interpmted so that the dc�e�rest or othar loun chu�ges collec[ed or to be collected in cunnection ,.nc"�,{ }. � .
<br /> � • with the loan exceed the pr►Ymitted limits,then: (a)an�surh loan charge shull be�ciluced by the amount nece�.sary to reduce b:`';�;:,
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<br /> the charge to the pertnitted limit;and(b)any sums already collected from Borrower which exceeded pertnitted limits will be r;;;,`•�).
<br /> refunded ta Borrower. L.ender may choose to make this refund by reducing the principal owed under the Note or by making a �'f°' '". � �
<br /> direct payment to Borrower. If a refund reduces principat,the reduction will be urated a-e a partial prepayment without any •.��;
<br /> prePayment charge under the Note. '' � r%`
<br /> 14. Notices. Any r+otice to Borrower provide�� fnr in this Securit Inxtrumrnt shall be iven b deliverin it or b �" •
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<br /> mailing it by first clatis mail unless applicxble law reyuire.use of another method.The notice,hall be dirceted to the Property �"�
<br /> Address or any ather nddress Borrawer designutes h� n,�uce to Lender. Any notire to Lender shall be given by fi�t dass � s'� '
<br /> mail to Len�?�r's address stated herein or any other addres:Lender d��i�nates by notice to Borcow�r. Any notice provided for ;: ;;�� 1
<br /> in this Security Instrument shall be dz�mrd to have tx�en �iven u: �arroa•er or Lender when given a+provided in thi� I •�:.;�1i,.
<br /> p�g�ph r.;!;}:��3��-
<br /> 15. Govecning I.a�w: Severability. This Securitc lmarumrnt zhsU he eo:.crned by feder.�l law and the law of the `:��,,�!�
<br /> jurisdiction in which thc�Pm�rty iti located. In the e�enc t3�aa any provi.ion or.7.iii.;of thi.Sec:urity Instrument or the Note � ,'.'�:`.I;� . ,
<br /> confliets with applicsble lan�,such con�,ict shu11 noi stt�e::other provitiiom�>f thu ti;;urit��Im[rument ar the Note w•hich can f�:,���;�; y' ,•r '
<br /> be iven effect without the conflicti�r- �se���3,ion. T,��his end the provitiion�of tfii. Securita f,^�trument and the Note ure � ,('f`��':� •.
<br /> g : -���i;Jl::;:F:'
<br /> declared to t►e severable. � • `��a'"'"'
<br /> 1le. Borrower's Copy. Bnrrowrr.nal1 he gi��en nne confornicd copy uf the ftiotr and oT thi�Seruriry lnstn+ment. � ��y?�:%�"
<br /> 17. Ti�ansfer of the Property or a Beneficiao I�atQrrst in Borrox•er. If aft nr any part of the Property�r any interext in 1,,�: r!
<br /> ' � it is sold or trsnsfcrred (or if a henc!irial interest ir Rtrrruwcr iti u�ld or transferr:�! and Borco�ver ix not a n:nueal petson) ,
<br /> without Ler.c�eT's prior written wnsent, Lender may.u:itti aption,reywre immed,aic payment in full uf ull siim+ serured by '
<br /> this Securi�� 9nstrument. However,thi+option shall not hc exerci.ed b.•LenJer if eteni,e i+prohibited b}�frderal lau as rt'
<br /> the dute of this Security Inxtrument. �
<br /> � If Lender exercise�this aption,Lender tihall gi��e Borrow•er no:�:e of a�rrleralion. The notice tihali pmvide a pericx!of ,
<br /> not lcss than 30 days frort:;he date the notice i�drli�cred ur muiled with;n ���hi:f:f3,�:rowcr mutit pay all�um.serured by thi� �
<br /> Security Instniment. IC �3�rrower fails tu pay the.e wmti prior to the rxpira:i+�r. af thi� period. Lender m:�y invokc any
<br /> remedies permitted by thi�Security Instrumem without further notire or dem:+nd on Bormw•er.
<br /> 18. 6or�ower's Ri�gt to Reins3aie. If Born�aer mrets cer.ain conditions, Bormu•er tihall have the right to have
<br /> ". enforcement of this Security Imtntmen:.!i>continued at a�n•time pn�x to the eadier of: cat S d��•s(or such other perial ati
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