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<br /> condemnation or other taking of any part of the Pmperty�nr far conveyAnce in lieu of condemnntion,a�e I�nt�hy nsslgnecl und
<br /> �`}" shall be p�td to L.ender.
<br /> • �' ''i��� Ia the event of a rotnl tsiking of the Propetty. tha pmceeds shnll be appUed tu the suma secured by this aecurity . ' ._. _ _.
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<br /> ��..:_,,.'�+�. Inatrument,whether or not then due�with nny exccss p�ld to Barrowcr. tn tfic cvent ef a partis! takiru�of thc Property in
<br /> � which the fuir market value of the Property imrttedlutely before the taking ia cqual to orgrcuter thnn�he nmount of tfto sums __
<br /> _���`�;.:�.�����-�''' secured by this Secu�Ity Instrument imraedietely befores tha taking,unlesa Bormwer und L.endet othenvlso ugnee in writing. ---
<br /> � '� { �` � t he sums secure d by t hls Securi ty Insuurrtem ahalt ba reduced b y the nmonnt of the praceeds multi pl�ed b y the [oftowin g �__—-
<br /> ' '" '� fraction: tA)the total umount of the sums secured immediately before the taking.divMed by(i�)thn fair mnrket value of the `_-_::"=
<br /> ' ',�'`• Property immediately befoze the takIng. My balunce shall be paId to Borrower. In the event of a pactial tuking of the �_
<br /> Property in which the fair market value of the Property immedtatety before the tsking is less thari the Atnount of tha suma =—
<br /> _ . ' secured immediately before the taking. unless Borrower and l..ender otherwlse agree in writing or uc�lesa epplicable law _
<br /> � �. otherwtse provtdes,the pmceeds shall be applied to the sums secured by this Secudty insuvment whether or not the sums are
<br /> then due. -�
<br /> If the Property is abandoned by Borrower,or if.after notice by I.ender to Borrower that tho conderrtnor offers to make --
<br /> an awan�or settle a claim for dumages,Borrower fails to respond to LeRder within 30 days after the date the notice is given, `
<br /> Lender 6s authoriud to wllect and apply the ptaceeds,at its opeion.either to restora4ion or repaiff of t�e Property or tv the
<br /> ,, sums securec!by tBnis Securi¢y tu�s¢�ument,whether or not thern due.
<br /> �```'. ' • Unless Lender artd Borrower otherwise agre.e in wrltin�,any applicAEean of prc�eeds eo privasipmG shaDl no4 exeend or ____
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<br /> y�1 ., psut�one the due c9ate of the monthly payments nefemed to in paragraphs 1 aaed 2 ar change the amount o�suc&n payments. ' �
<br /> ' 11. Borro�r�� Not Released; Forbearaun� By �.endier No2 a� H�aiver. Bxtenston of the tdsne for payment or
<br /> • modif,cation of annortization of the sums secured by this Security Instiument�ranted by Lender to eny successos in M2erest
<br /> , . ' ' of T+corn�wer shati not operate to relense the IiabilIty of the original Borrower 4r Borrower�s snccessors In interest. �.r,�►der
<br /> , shni� not be required to commence proceedings against any successor ln interest or refuse to extend time for payment ar
<br /> othern i�e modify�mortization of the sums secured by this Securiey Insuument by�ason of any demand made by the original
<br /> Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or tiemetiy shall not be a
<br /> ' . waiver of or preclude the exercise of any right or remedy.
<br /> ' � 12. Successors and Assigns�onnd;JoiM and Sev4nts Liabtlity;Co-signers. 'Ihe covenants and agreements of tLis
<br /> . Security lnsuument shaU bind:rnd henefit the successors and assigns of Lender and Borrower,subject w the provisIons of ��•
<br /> • paragraph 17. Borrower�s covent►ncs and agreements shall be joint and several.Any Borrower who co-signs this SecurIty ��-=,_
<br /> � Instrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mortgage,g�ant and convey that —
<br /> � Borr+ower�s interest in the Property under the temzs of this Security Instrumenr (b)is not personally oblisated to pay the sums
<br /> � secured by this Security lnstrumenr,and(c)agrees that Lender and any other 8orrower may agree to extend,modify,forbear
<br /> or make any accommadations with regard to the terms of this Security Instrument or the Note without that Borrower's
<br /> consent. __
<br /> -_�_ =-- =-� 13. I.aass �tsarg�. if she lo�s securei! by tttis Securit} Ins�ntment is subject to a !aw w4rich sets snaxisnusn lnan `
<br /> char�es,and that law is finally interpmted so thut the intemst or other loan charges collected or to be col lected in connection
<br /> • with the loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce
<br /> the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limit�will be =
<br /> refunded to Borrower. Lender may choose to muke this refund by reducing the principal owed under the Note or by making a �`�_ -._--
<br /> �'..,., direct a ment to Borrower. ti'a refund reduces rinci nl,the reduction will be treated us u artial re a ment without an �"~`������
<br /> , p Y P P P P P Y Y ..%Y.,.;,.
<br /> . � i � prepayment charge under the Note. :,�,f rr
<br /> ��� '''�' 14. Nottces. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by " '±;•:
<br /> mailing it by ftr�t class mail unless applicable i1w requires use of another method.The notice shall be directed to the PropeRy -
<br /> Address or any othcr address Boaower designate.r•by notice to Lender. Any notice to Lender shall be given by first class ��
<br /> mnil to Lender:s address stated herein or any other address Lender designates by notice to Borrower. My notice provided for '_,
<br /> in this Security Instrument shull be deemed to havc been given to Borrower or Lender when �iven as provided in ihis
<br /> paragraph.
<br /> 15. Governing Law: Severability. This Security Instrument shall be govemed by federal law and the law of the •
<br /> jurisdiction in which the Property is located. In the even[that any provision o�eiuuse of this Seeurity Instrument or the Note
<br /> conflicts with applicable law.such ronQict tihall nut affect other provisions c�f thiti Security Instrumem or the Note which can
<br /> be given effect wilhout the ronflicting provi�ion. To thi.end the pro�•i�ions of this Security Instrument and the Note aee
<br /> ' '��i' `' dedarcd to lx severable.
<br /> '��'' 16. Borrowmr's Copv Bor�ower xhull he given one confonned copy of the Note and af this Security Instrument. •
<br /> 17. Tramfer of the Property or a Beneficial Interest in Borrower, lf all or any part of the Pmperty or any interest in
<br /> it i� sold or trmisferred(or if a beneficial interest in Borro�crr is���ld or tran.fernd and Borrower is not a nuturul penon)
<br /> without Lender�prior written consent,Lendcr may,at itti option,rryuire imn�ediate payment in full of ull sums secured by
<br /> , this Security Instrument. However,this opnon shall not he rxcn ised by Lendcr if exerci�e is prohihited by federal law as of
<br /> l thc date of this Security Inxtrument. k'
<br /> I If Lender exercises this option,Lender�hall givc Borru«er notice of arcelrration. The notice shall provide a period of �
<br /> not les.than 30 day�from the date the notice iti delivered or mniled within which Borrower must pay all tium+secured by this �
<br /> Securily Instrumern. If Borrower failr to pay the.e ,unu prior to the rxpiration af thix pericxl, Lcncicr may invoke any !
<br /> � remedies pertnilted by thix Security[nxtrument without Further noticr or demand on Bormwer. �
<br /> 18. Sorrower'c Right to Reinstate. If Borcower mert+ cenain conditions, Borrower tihall have the right to have �
<br /> en!'orcement of thi�Security In��Riment diuimtinurd at :un t�mr prior a�thr earlier of: (a)5 d;�yti lur such uther pericd as !� .,,
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