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<br /> -----��_�.;�� condemnadon or other taking of uny part of tho Pmperty.or for convcynrcca in lt�of condemnatton,ure hereby a�.signa7 and
<br /> ehn!!bo�i�l tn l.et►der. -�
<br /> '°`�?� In ihe event af n tainl tnicing af the Propeny.the Proceed.n ahuli ba applied to the sums s�cured by chi� Suurity
<br /> � t:..q,��. �
<br /> #3�,..1�,�.��_a__ Inshvment,whclhFr ar not then dae,with nny excess paid to Bomawer. In the event of a partlnl tnking of the Propert,y in
<br /> -_�F°��u=_-== �vhich t!�fair market valuc of the Property imm�dIntely beforo the taking is equa!to or greater than tho amount of dtr sums
<br /> ��;;�_;,,;::.. sec�u�ed by tleis Securtry tnstrument ImmedIutely before the wkin,.uniess Borrower und Len�fer othenvise agree in�,vritlnB,
<br /> __ _=-�.�-��� the sums serured by this Securiry Instrument shnli!�e rcdacul by the im�vunt of the pmce��multip![ed by�he foliowu�g _ -- -
<br /> �-:-�-l+�'-��� fmctIon: (a)the toW amount of the sums secw�ed Immedf�tely before the taking,divlded by(b)the fnir mnticet vaius of the
<br /> `'' '�-'��"`• Pro�Ky imsmdlatelp befnre ttee takitig. Aay balance sh�ll be puid to Borro�ver. In the ev�nt of u purtial taking of the
<br /> �`����``.�'+��� Property in wh(ch the fair market vAlue of the Propetty immediazely 6efore ths taking is less than th$amonnt of the gums `--
<br /> a°•"�'"j�'��� secured immedintely before the talciog, unless eorrower and L.ender othenvise agree in writing or unless appltcable!aw
<br /> ' othenvlse provldes.the praceeds shall be applied to the sums secured by this Secudty InatNment whether or aot the sums are
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<br /> _.........:_::' �" then duo.
<br /> . ... If the Property is abartdoned by Bamnwer,or if.after notice by I.ender to Borrower thar the condemrtor offeis to make � ° - ` ` �
<br /> � � ,:; � an award or serile a cla�m for damages,Horrower fails to respond to I.ender withir�30 days aft:ee t�te dane tln�rtoHc�is gtven,
<br /> _ � Lender is authorized to collect and app}y the prnceeds.at its opdon,either to restoratiore or ce�air ofi th��ko�serty or to ihe --
<br /> .• , , suzns secured by this 5ecurity Insuumen�whether or not then due.
<br /> (Jnless l.ender and Bmrower rnitenvise agree in writing,any applica6on of proceaL4 r,o�rittcipaf sltaJl rzot ent�end:or
<br /> � , pas�orne the due date of ehe m�rrthty payments referred to in parag.ra�hs 1 artd 2 or change dte amount of sus�k�y�:xenLS. _
<br /> ' �`4":�.:'.;:'r';` 11. Borrorrr�r l�a� 1�af�.rMi; IFua�earartce By I.eatPaar i�T�i o �8'afia¢� F�cteacion of the tince foa paymr�r�t ar
<br /> : .;,c. ,.•:•.,r•• madification of atzraxtizatia�of rh�sums secured by this Security Instiu�nenA�raa.ted by I.ender ta any sv�oessor in interest c-,,_ -
<br /> o � i:�; of Borrower shall nvt aperate tm r.e�:e�se else l'eaRrility of the original Bomow¢c er �omowet`s successuss in tnterest Lender �;�-;�
<br /> � � �;�,;:>� '�t shall not be �equired to comiaer�ce Qmc�eedings against anY successor In in[rn..�st ar rta�'u9e to eate�td¢ia�e for payment or —�:._
<br /> � , ' otherwise modify amortization�f the srlmc socured by this Security Instrument by r+eawre vf arey cflem�te�enade by the origtnal =�-
<br /> Borrower or Bomnwer�s successors in.intezest. Any forbearance by I.ender in exercisie�g a�►K ce,�lu vr a.emedy shall not be a �'',i:.,,�
<br /> � ���� •`r'' waiver of or preclude the exencise of aay rtgLtt or rert►edy. —�,�
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<br /> � •� ?� 12. Succ�sors and Assfbms Bou�d;�aF.ae zmd 5everat Liabiltty;Co-si�ners. The mo�ezra�r�.5 ard agreemenu of thts ��S`.� --
<br /> , ';, Security Insuument shall bind and benefit the successors and assIgns of Lender and Borro�YCr,sub7rct to the provisions of a"'�°'
<br /> � patagraph 17.Bornnwer�s covenants and agreements shall be joint and several.Any 13r�rrarY.r Hrho co-signs this Security ��'�
<br /> � ;:;;� n Instrument but does noi execute the Note: (a)is co-signing tisis 5:curiry Instrument only av enartgage,grant and convey that •�-�:,y-
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<br /> ' , Bomowers interest in the Property under the tecros of this Securit}�Inswmen� (b)is rtot pzTSOna11y obligated to pay the sums �:;:�--
<br /> +;;:�;::::°'��'; secuned by this Security Instrument;and(c)agrees that i.ender and any other BomoW�er may agree to extend.modify,foTbcar '��
<br /> � ' • or make any accommodations with regani to the terms of this Security Insttument or the Note without that Borrower+s `:'„��-
<br /> . rrns�st. '� � -
<br /> ,.�t' � 13. l.oan Cba es. If the loan secured by this Security lnsmiment is subject to a 1aw whlch sets maximum loan �� , '` _
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<br /> • • t.;,,�.:.��, charges,and that!aw�s finally interpreted so that the interest or other loan charges collected or to be collec�ed in connecuon �.�.:. -. .�.;;.
<br /> ";:�4:':``ci'1 � with the loan exceed the permitted limits,then: (a)any such loan chazge shall be reduced by¢he amount necessary to reduce � ��i;;':::
<br /> • `''�11'���" the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits wiU be . �15�;;'::�:
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<br /> �eefunded to Borrower. L.ender may choor,e to make this refund by reducing the principal owed under the Note or by making a � �„__
<br /> direct payment to Borrower. If a refund recluces principal,the reduction witl be treated as a partial prepayment without any
<br /> � �, ,.�';, . ,; prepayment charge under the Note. •'�
<br /> , 14. Notices. Any noticc to Borrower provided for in thix Security Instrument shaii be given by delivcring it or by �'��'"''
<br /> maitin �t b first class mail unless a hcable law re u�res use af another method.'Il�e notice shall be directed to the Pro • '!;'`#`�-
<br /> . , ..r ' g' y PP� 9 � P�rtY
<br /> •. ' Address or any othcr address Borrower designates by notice to Lender. Any notice to I.ender shall be givcn by first class . '�`�:"-
<br /> mail to i.ender�addrexs stated herein or any other address Lender designates by notice to Borrower. Any notice provided for ,t,.; . �, ":`;��;.
<br /> , in ihis Security Instrument shall be deemed to huve bcen �iven to Borrower or Lender when given as provided in this '"���• ,, �, h�..
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<br /> � �`' �:• 15. Q:overning Law; Severability. 'Tliis Security Instrument shall be governed hy federal Iaw and the law of the ',������!j;���
<br /> ��f�1����ti �`,��.� : ;�aF}�ra{��/'
<br /> ,,,ti,E�`+r,� jurisdiction in which the Property is located. In the event that any provision or clause of thi�Security instrument or the Piote 4,{ �
<br /> ,. . conflicts with applicable law,such conflic[xhall not affect other provisions of this Security Instrument or the Note which can t �>;�
<br /> � be rven effect without the contlictin rovision. To thi�end the rovisions of thi�Securit instrument :uid ihe Note are �;•`5���1+Y� �
<br /> S� �P P Y , �sr �
<br /> declueC to be severablc. ' '
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<br /> Il�. Borrower's Copy. Botrower shal!be given one conformed copy of the Note und of thiti Security instrument. • '����"�!
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<br /> :;?,-i1; ➢?. 7lransPer of the Properta or a Be�eficial Interest in Rorrower. lf all or any part of the Property or any interest in :• ��•���c:�: ��
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<br /> •�".'v�t,"� it is mld or transferred(or if a heneficial intere.t in Borro��•er i.sold or truntiferrcd and Rorr��wer is not a natura!persun) '��yi•„����.
<br /> . n•itheut Lender's prior�vritteo consent.Lender ma�,at itti opnon,myuirr immediate payment in Cu1t of all sums secured by ''^'�'r� �
<br /> this Securiry Instrument. However,this option�hall not hc exerrised by Lender if esercixc ix prohibited by federal luw as of � �� V"
<br /> the date of this Security Instrvment.
<br /> lf Lenderexercisec thic option,Lender shall gi��e Borcuaer nutire of acceleration. The notice shap provide a period of ,�E;,; ��'
<br /> not lesx than 30 days from the date the notice i.deliveRd or mailed���ittiin�vhich Borrow�er must pa��al!.um�serured by this ,.•(;,,;:',
<br /> Security Instrument. [f Borrowe�fails w pay theyc�um. prior to the expiration of this pericxi. Lender may invoke any ''i';-.�•:`�,;•
<br /> remedies pecmitted by this Security In�trument a•ithout funhrr notire or demand on Born>wer. �t,�''�'��
<br /> • 18. Borror►�'s dtight to Retnstate. If$urn�w�er mc�ct�certain ronditiom. Borrower .hall hava the right to have '
<br /> enfon:ement of rlii.��:�:urit�� [mtrument Ji�rimtinucd at any tinu prior to the earlicr of: lal 5 day�(ar sttcli other prriai a. '��',' � ��;,�t._
<br /> Smgle f-.umt�••F'annEe�fae'F'redd{e\tar l 4IF'()R\111�TR1�tE�T�-l mn�r,�C�r�enrnt. 9-40 �pu���nj n p.1i,•ci �;..,<'Z� �•�;,:��
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