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<br /> conQemnatian or other taking of uny part of the Aroperty.or for conveynnca in licu of condemnudon.nre hereby assigrtrd nn �•�s-.,�--=-
<br /> _-==:�[� shull be paid to l.endet. �?��
<br /> ._ `_�---� la the event of a total tukin�af the Property�the proceeds et►all be applied ta tho aums secumd by tMa Securlty �✓_ � ��
<br /> -�`�F'''�.• Inst[urtenb whether or rtot then dua,wlth uny exces.g paid to Borrower. ln the event of it pattiul taking of thc Prop�rty in --�===--_=-
<br /> "�-"Y���r..��;� �r�::;�.
<br /> --- whtch the falr market value of d�e Pmperty Immediuteiy trefore the taking is equul ta ar g�eater thnn the umount of tho suma ��;�;'�;�- �
<br /> —x�+aY��bN- sccured by this Sauriry lnsuument immediately bet'are the tuking.unless aorrower and l.ender otherwise agree in writing, _-- - _
<br /> .. _.,:, 'R"�"'r•'q,'�..,,--
<br /> - '� '- the swns sect�red fiy thiv Security inatn�ment ahatl be reduced by the amount of the proceeds multiplied by the following � . _r >L
<br /> "����r''a' h fraction: (a)th�toinl amount of the sums secured immediutel 6efore the tuking.divided by(b)the fnir murket vulue af the s�
<br /> -._ .�t �,.,. y w,.f ��z��,�-
<br /> .�, �. .•:.. Prapesty immediatr7y before the usking. Any balurtce shall bc pAid to Ba:rower. In the event of u patdal tnking of the '2� � :,�
<br /> ;,��.;.; Property in which the fair mncket vulue of thc Prapeny immediately before the taking is les.g than the amount of tho sums �`.�;i�,.�
<br /> ...,,{Y:_�'^��•'��'' secumd immediutely Uefore the utking. untess Borrower and Lendrr uthenvise ngr�e in writ�sg ar unlrss Applicable law - .,:•„�•,�rt.
<br /> ., otherwise pmvides,the proceeds shull be applied to the sum.g secured by this Secudty lnstrument whether or n�t the suma ure _ .
<br /> _��.�.�...,.... �:�:,� then duc. ' �- . .'
<br /> - � [f the Ptoperty Is abandoned by B�m►wer,ot if,ufter nutIce by l.ender to aottowcr thut the condemnor offers to make ��y - ;
<br /> �':#' `"�„��,. ��. an nwa�d or settle n claim for dumugax,porrowec fnils to respond to l.ender wlthin 30 duys uftet the dnte the notice is given, . -. `-;�.;,l
<br /> � ' � , � Lender is uuthorized ta colleci und apply tho proceeds.ot it�option,either to restarntion or repuir of the Property or ta the . •� • -
<br /> ' sumx secured by thls Secudty Instrument,whether or not tfiert duo. ' '�'�'��-`�
<br /> � ;,:.,.: Unless I.ender And Barrawer otherwlse asc+ee i�writins.uny applicution of proceeds co p�ince�a�l sl�all not excen.d or ;:�.; " ' .... °•
<br /> � . . posepone the due date of the monthly puyments referred ta in pura�aphs I and 2 or chunge tQee amaunt mf sach paymen¢s. " ����`-�=
<br /> Il. Borrower Not Released; Forbearanae By Lender Not a V1'ai6o��c Extensior► of the tiin¢ fer �aymertt er ��:'r�'�•
<br /> �`��!°���� � • modiftcution of amurtlzt�tioa of the sums secured by this Secudry Instntcirtecte�ranted by l.¢rtdsr to any successoe in ineecest `;; ,`� -=-� �
<br /> ' � ' � ' of 9ornower shall nat operate to refease Ute liabitity of the ox�gi�!�te►nrowec or Barrower�sacces.cors in interese.Il.ertder - �
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<br /> � shall not betequired to commence proceedinss ugainst nny successor in be�ter�est oQ refusP to extend ateee for paynaent or •_;��
<br /> ' ' othecwise mad fi y amortization of the sums secured by this Scxarity Ilnstruneent my reason of any demared inade by the originat • •_-
<br /> , Borrower or Borrower�s successors in interest. Any for b earauere by Le n d e r i n e x e rc6sin g an y ri ght er mmed y shall not be a ,` ��3�`�,�Y
<br /> � " ° waiver of or preclude the exercise of uny right�r cemedy. _,_���"
<br /> „ IZ. Suoces�ors and Assfgns Boand;Ja�noQ ao��Several Liability:C�sngners. The covenants anz9 agreements of this �; •,�;,�
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<br /> ° Security Insmiment shnit biad uca�l benefit the successors a►td assi ns of Lertder and Bornower.sub'ect to the rovisi�ns of "'`!"��"�
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<br /> � para�ph 17. Bomower�s caveeean.ts and agreements shall be joint nnd several.Any�orno�ver who co-signs this Security ; :s;;;�:,�;',._-.___.
<br /> • Insuument but does rtoE exeru¢e 9i�e Note: (a)is co-signing this Security InsYncartent only to mortgage,grant and convey thai . ��,��%`;::
<br /> �� �. Borrowerk inte�est 6n tto�Pto�erty under the terms of this Securiry Instrumzuns; lb)is�ot personally obligated to pay the sums �
<br /> • .. secured by this Secneriry Instnimenr and(c)a�,mees that L.ender nnd nny othe�Borrower muy agree to extend,malify.forbear ,: ���
<br /> or make any acco�modations with regard to the terms of this Security instrument or the Note without that Borrower�s ;�--
<br /> " consent.
<br /> n3. Loaa� Clnarges. If tt�r loan seeuce� by tlus �ecuPie}• instrumem i� �uUjr�:t tv d taw which seis maximasst l:.a� t. --
<br /> . „ . � charges.and dnat laen is finully interpreted so that the intemsc anT�ather loan charges collected or to be collected in connection ___
<br /> with the loi+n exceea0 the permitted limits,then: (a)any such la+n charge shall be reduced by the amount necessary to reduce
<br /> the charge to ttne pemnitted limit;and(b)any sums ulreudy collected from Bormwer which exceeded pennitted limits will be
<br /> ••� . re�n�ed to Borrower. L.ender may choose to make this refurtd by reducing the principal owed under the Note or by making a ___
<br /> � dirrrt payment to Borrower. If;�rePond reduces principal,tlhP mduction will be treated as u partial prepayment without any ,, ,-�.:_�
<br /> ' � ' prep,iyment charge under the Nute. ;;��ff�}i' r-
<br /> ,�'�'''''�`� � ' 14. Notices. An notice to Borrower rovided for in this Security Inswment shall �he given by deliverin�it or by .
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<br /> � � , mailing it by t"iast c�ass mail unless applicuble law requires use of another method.The notice shall be directed to the Property .-
<br /> �s�_--
<br /> Addness or any Mhcr address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class '_ �...
<br /> ' � mail to i.ender's addmss stated herein or any other address Lende�designates by notice to Borrower. Any notice provided for �
<br /> • in this Security Insuument shail be deemed to have been gi�•en to Borrower or Lettder when given as provided in this ��.�_
<br /> P��Ph• ; °'°�:�:-
<br /> 1S. Governitng Law; Seb•erability. This Security Inswment shall be governed by federal law s►nd the law of the 3�'��:
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<br /> ` jurisdiction in whicQ�the Propeny is tocated. in the event that nny provisiam cm cEause of this Security Inswment or the Note . • '�__
<br /> �� conflicts with applicable law.such contlict shall not affect other pmvisions o`��his Security Instrument ar¢he Note which can �
<br /> � be given effect without d�e cor�tlicting provision. To this end the provisions of this Secu�ity Insvumem and the Note are ��'
<br /> drrfl�red to be severable. ` `fj��j•�•"
<br /> • � 1b. Borroaer's Copy. Bortuwer shall be g►ven one cu�u��:.a.d copy of the Note and af this Se�:urity Instrument. �',:;;,��� �_� �
<br /> 17. 7Yansfer of the Property or a Beneficial Interest ice�dmc�o�cver lf all or any pan oi the Pmperty or any interest in f{�_�'�^ •.-
<br /> � it is sold or transferred (or if a beneficial interest in Borrower is so7�o:ec�m�ferred and Borrower is not a naturat person) _
<br /> �:. • without I.ender's prior w�itten consent,Lender may,at its option,require nrnmediate payment in full of all sums secured by , ,;
<br /> " ;-- �- � - - this Security Insw�:ent. However,Q►i�optiun.hall nat bc cxcrcised b��Lender if exerci�e is prr�hiBited by federnl law as of � - --
<br /> � the a7<Ae of this Sectrtity Instrument. `.�
<br /> 1:i.emder exeacises this option,Lender shall�ive BortoHer notice of acceleration. '9lie notice shall provide a periad of ,
<br /> noa oess ihan 3Q�days from the date the notice is delivered or mailed withinµhich Borrow�r must pxy all sums secure�tr}IIhis ,
<br /> `�I� Security Instraecr.e;�a. If Botrower fails to pay these sums priur to the ex�airation of this period. Lender may invok�any ,
<br /> ° u�medies pertnitted by this Security Instntment without further notice or demand on Borrower.
<br /> "' D& Borrower's Right to Retnstate. If Borrower meet, rertain conditions. Borrower tihall ha.r tVte right Eo have � � �
<br /> f • �.nioreement of this Security Instrument di�continued at any time prior to thr earlirr of: �a�5 day�(ur such other�erad as :;'�.,`
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