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<br /> - .� coademnntio�ar oiher tnking of iiny pv9 of�ha Pr�g�,rty.ar for conveyuncm in lieu of candemnation,nrc�hcr+e uss gne an
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<br /> __- ,_�.�� shell!�paid to l.cndcr. —
<br /> ,,,,,�,�1�, tn tha evcryt of u totai u►kinII nf tho i'm}�fty. the mcceds shall be applied to the sums secured by thia Securiry
<br /> �== — (nr�rument,�yhcthet or oot then duo.with uny ex��ess pai�ta Bortower. In tha evcnt of n partial tnking of the Roperty in
<br /> � �j"•�`''� which the fair market vulua of the Property immedintely befon tho caktng is equal to ar greuter thnn the nmaunt of the sums
<br /> =� " ne�;umd by thtr��ecurity inbtrumcnt tnunrdtatciy l�fore tha taking,untess Barrowcr nnd Lender otherwixe n�res in writing, « _ __
<br /> `- �•.' � ��,�� � the sums secured by thts Secudty Instrument ahxll be reduced by the nmo�+nt of tha prooeeds muldplied by the follawjng
<br /> , , �•,,�' ., • ; ;,,' frncdon: (a)the totAl umaunt af the Fums secured immediutely bofore th$tnking.dtvided by(b)the futr m�lcet vnlue of the
<br /> ' 't"� Property lmmedintely 6efore the tuking. Any balnnce shnll be puid to Bomower. In tl�e ovent of a paRiul taking of tho
<br /> �' �, �� Pmpeny in which tho fair market v�tue of the Property immediutely betore the taking is tess thnn ehe umount af the sums - -- -
<br /> secured immediately before the wkin�. unlesa ac►mawer und I.ender oiherwtse ag�in writing or uales.g nppticnbla law _
<br /> , otherwise provldes,tho proceeds shall be applied to tha sums secumd by this Securiry Instrument�vhether or not the sums nre -_-
<br /> then due. `-- -- `,-. ,
<br /> If the Prope�ty is ubnndoned by Borrower.or if.a�ter aatice by l.en�cr to Borrower thnt the condemnar ofters to make -- -_-
<br /> an uwArd or seule n cluim for damages.Bomawer fuils to respond to Lender withi�i 30 daya ufter the date the notice is given, __ ��
<br /> Pattdee is authc�rized to collect und upply the pmceeds,at its option.eitt�er to restaration or�+epair of the P[operty or to the --
<br /> smms socru�ed my�his Secudty In�aument,whether or not then due. -�
<br /> ° �Jn�ess Leecder a�td Bom►wer otherwise agree in writing,any application of proceeda ta pr�ncipul shull nol extend or �?'
<br /> p�ct�o�e tLte du�da.te of the month{y puy�eteats cefemed ro in purugruphs 1 urtd 2 or chazrg�the amount of such puyments. ��`:`
<br /> IlIl. �ora�a� Pt� ll�¢p�.�wfl: ��I�a,vmm� By Le�der Not a WnBor�w Exte�:sion of tte¢ ai�ne fos paycaem or ==�` -
<br /> madi�cation of amortiratia�n of the sw�ns securr�Dy this S�curity Insuumen[gr.�e�cv3 b h.��ncirr to wi•�ucczssor r.r�iate�:se �" -
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<br /> of iBornower shall rtot operate to retease the liability of the original Barrower or Bonrower§successors in interese.l.ea�,er u=-'_��
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<br /> shall not be required to commence proceedings against any successor in interest or ne�ease to extend dme for paym�nt or - - �*-,�'°"
<br /> otherwise modify amortization of the sums secured by this Security Insuument by reuson of any demcutd made by the original ' • .'
<br /> �orrawer or Bortower�s successors in interest. Any forbeuiance by L.ender in exercising any nght or remedy shall not be a �' ,_;;i-��_-
<br /> - `' wai�•ed of or preclude the excrcise of any right or mmedy. x •' --_.—
<br /> ,: � ' Il2. Succeswrs and Assn�s Bound;Jolnt and Severnl Linbility; Co-signers. '0'P�Q rnvenants and ugreemenas of this ..,�.��;"��
<br /> � Securiry Iasuument shall bind aQ+�l benefit the successon und assigns of l.ender und�ozua.�r�.subject ro the provesimns of .. �K..� __
<br /> . �arngraph 17. Bomower's covenants and ugreemente shall be joint and severul. Any ���'ower who co-signs this �ecurity ��•,�;,•:
<br /> � , Inswment but dces not execute the Note: ta)is co-signing this Securiry InstQe►ment only to mortgage,srant and convey that --
<br /> . Borrower's inteRest in tha Property under the terms of this Security instmrmenII: (b>is n�t�ersonally obligated to pay tP�e s�ems ., � ,�
<br /> '.,•r�•„ secured by this Security Instnime�t;and(c1 agreec that I.ender and any other Sorro�veff may agree to extend,modify.€orbear ' ' t .._-
<br /> __ � `>"�" ____ „r m�kP pny a�-commcxlationc .:ixh regard ta the tertns of thi�Securiay[nstrument or the Note without that B�IIr�mNer�s `�-��
<br /> r r consent. . •
<br /> 13. Loan Cdrtrges. I6[he Caaan secured by this Securin Instrument ns�ubject to a law which sets anaximum loan ° �
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<br /> charges,and that la«�is finally interpreted so[ha¢a6�P inrerest or other[oan charges collected or to be cotlerIIed in connecdon ^ �„_`__
<br /> with the loan exce�c;•c;�e perntitted IimiGa,then: la u any such loan charga shal l be reduced by the amouna m��essary to reduce . ---
<br /> the charge to th�pem�iited limit;and(b)any sums already collected from Borrower which exceeded permitQed limits will be __
<br /> refue�ed to Borrower. L.ender may choose to make this refund by mducing the principal owed under the Note or by making a ,:`",';' : --
<br /> dores:Fayrrtent to Borrower. If a refund mduces principal,the reduction will be treated as a partial prepayrnent without any -
<br /> ptepayment charge under the Note. • ,•,.���
<br /> .. 14. Notic�. .any notice to Borrower provided for in this Security lnswment shall be given by delivering it or by
<br /> mailing it by first dass mail unless applicable law myuir�es u,e of another methad.The notice�hall be directed to the Property °r-°-
<br /> Address or any other address Sorrower designates by natice to Lender. Any notice to Lender shall be given by first class ',,,,".�:__.
<br /> `"�'' mail to Lender's addre�s stated hzrein c�r any other addm«Lender de�ignatec by notice to Bormwer. Any nvtice provided for �. '�,
<br /> • `"' �• in this Security Insttument sha'.! `.•deemed to have been given to Borrower or Lender when given as providec� in this � 1,?!# "�p__
<br /> ;��'%� � parAgraph. , �
<br /> `� 15. Gov�rmiafg Law: Severability. This Serurity Instrument �hall he govemed by federal law and the Inw of the � ';��
<br /> ' jurisdiction in which�he Pmperty is located. In the event that any provisicx�or clau�e of thi.Security Instrument or the Note .
<br /> confficts with applicable law.Such conflict�hall not affect other provi.ion�of thiti Serurity lmtrument or the Note w hich can
<br /> � be given effect without the conflicting provi.ion. 1b thi� e^:' the pmvi+iom of thi� Security Imtrument and the ?eat�ave ,i?:.P�t. .
<br /> deciazed to be�everable. �'� �
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<br /> 16. Borrower's Copy. Burrower+hall he given onr canfornied cnr}�nf ihe Notc.u�����(thi.Sccurity Instrument. . .;ca:+'�'
<br /> 17. 7lransfer of the P�operty or a Bene4idoal Intercxt in Borro���ea. l�`alf or an� part of the Pmprrty or any intercst in
<br /> it ic sold or trunsferred for if a henefirixl intere�t in Borrowcr i.�old n-i::�n�frrnd :snd Borro��'er i.not a natursl penon►
<br /> without Lcndcr's•prior�erinen consent. Lender may,at it,uptinn,reyuir�immediate�+ayment in full��f:+11 .urnc.ecured hy � ' ' � ,
<br /> thi�Security[nstrument. Howrv:r,thi.uption tihall not be rxercised by Lender if exer:i�r iti�mhibited by federal law ati of i ' 5,�;�;�:'r.,��•
<br /> �� ` the date of this Security Instrur.��a:. ��� � � �
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<br /> ' If Lender erer:i�es thi,i�p�inn.l.cn.tz�.?::�:' a4vr Burr�ati�r n��tirr r�ar�eltrati<m. Th�nutice�h:+11 pt-o�idc a perind of i ,. �-
<br /> ' not lesx than 3Qr 41z�.•from the date the not�.•..,:`:r�:��a•d or m:+iled��ithi�.�.l>>;;h Borre����r mutit pa� a]'.um,.ecured hy thi, i
<br /> � Security imtrvrn:::t. If Bormwrr lail, to�-ati ihe+e �um� prior to thr r�Firation of thi.�x:ri�xi. L�nder ma}�im�ok� am�
<br /> reme<3ies pertnitted hy thi�Secunq Imtrument�+ithout funhrr ne�tice ur demand un Burro�►rr• ;
<br /> ' !S. BorroH•er's RiRht to Reinstate. If Burm��rr n:::>> rertain candition.. B��rm+��r .hall havc thc right co have I
<br /> � enfurcement of thi�Seruriry In+trum�nt di,runtinued at an� t:mr pnur to thr carlicr��f: ca�S da�.��tt+uch��ther;rc�xi a+
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