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<br /> .. ••�.F -,. condemnation or other taking of any part of the Property.or for conveyance in lieu of condemnation,ure her+eby uexi}�neA and �
<br /> . shall be paid to Lender. :
<br /> , Irt the event of a total taking of the Property, the proceeds shall be npplied to the sums scrurcd by thl� ticcurity
<br /> Insmiment.whether or not then due,wtth any excess paid to Horrawer. ln the even¢ of u partiul tuking��f thc I'r��perty In _
<br /> which the fsiir market value of the Property immediately before tho tnking is eyual to ar grcuter thun thc iimount of the aumh �' �
<br /> '' " secured by this Security Insqvment immediately before the tukins,unless Borrower und Lendcr nthcrwl�c iigrrc!n wrftinp, , '' „s._
<br /> „ the sums secured by this Security Iastrument shall be reduced by the nmount of the proceedy multiplied hy the fi►Ilnwin!! Y-
<br /> �. fracGon: (a)the total amount of the sums secured immediately before the taking.divlded by(b)the fuir mnrkct vnluc ol'ihe ' _
<br /> � � !'roperty Immediatcly before the taking. Any balance shall be paid to Bonower. In the event of u parti+il tukintt of'�hc ' �;;• . � -
<br /> ' Property in which the fair market value of the Property immediately beforc the takin�lti Iexz thun the nmouut af'thr�uu�, �
<br /> -- '--' secured immediately before ti�o taking, unless S�rowcr and Lender othenYise sgrce in writing or unics,upp8cc►h�c luw ^��� " �`�
<br /> otherwise provides,the praceeds shall be applied to the sums secured by this Security Instrument whether ur not the Hum�i�rc � Q-�:,;
<br /> then due. ° � �"`"
<br /> �.;g��..
<br /> If the Property is abandoned by Boarower,or if,after notice by Lender to Borrower thnt the condemnor offerr.to mnke • ����,;''�
<br /> ' an awazd or settle a claim for damages,Horrower fails to respond to Lender within 30 duys aftcr thc dute the nutice ix given, 1'�;, •_�`��.
<br /> • ,;.f��... Lender is authorized to collect and apply the proceeds,at its option,either to restoratian or repair of the Pro�eny ur t��thc ° • i °
<br /> ' - �j,;,,.:�, sums secured by this Security Instrument.whether or not then due. �- t
<br /> �' '
<br /> • -�;V;.°: Unless Lender and Bocrawer otherwise agree in writing,any apptication of proceeds to principal shull not extend ar *�.
<br /> ' -• �`t"'' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chunge the umount of�uch p:tyment�. ,,
<br /> 11. Borrower Not Released; Fbrbearance By Lender Not a Waiver. Extension of the timo fnr paymem or .. *`»
<br /> modification of amortization of the sums secured by this Security Instniment granted by Lender to any sucresxor in interext � ° ... `" •
<br /> � . of Borrower shall not operate!o r�leuse the tiabilily of the uriginai Borrower o�8urrower's succes.ors in interctit. l.ender , �
<br /> " ' •. shall not be required to commence proceedings against any successor in interest or mfuse to extend time for puyment ur ' ' =�
<br /> � otherwise modify amortization of the sums secured by this Security Instrument by reason af�ny demand made by the originul „ . � =
<br /> � Hortower or Borrower's successors in inter�st. Any forbearance by Lender in exercising uny right ar remedy shull nat be u �t=�;
<br /> •� waiver of or preclude the exercise of any right or ren�edy. „ " .�
<br /> 12. Successors and Assigns Bound;Joint and Several Liabiltty;Casigners. The covenants und u�rcementx of thls
<br /> .. •� Securiry Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provixions of ' . �•
<br /> paragraph 17. Borrower's covenants and agreementc shall be joint and seversl. Any Borrower who co-signz this Security ' "
<br /> . Instrument but does not exe�:ute the Note: (a)is co-xigning this Security lnstrument only to mortgagc,grant und comey that ��
<br /> • , Borrower�interest in the Property under the tertns of this Security Instrument; (b)is not personally obligated tu puy thc sumx
<br /> • secured by ihis Security Instrument:and(c)agmes that Lender and any other Borrower may agree to extend,mcxfify.forbeur '�_ _
<br /> ' "• or make any accommodations with regard to the terms of this Security Instrument or the Note without thut Borrower.l• •� � � ,.
<br /> �i�'`;�.; consent. :�.--_
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<br /> ':;:;,�. 13. i.oan Charges. If the loan secured by this Security Instcument is sub�ect to u taw wh�ch set, max�mum loun ----- —
<br /> , � charges,and that law is finally interpreted so that the interest or other loan rhurges coltected or to be callected in connertion
<br /> with the loan exceecl the permitted limits,then: (a)any such loan charge shall be reduced by the umount necessAry ta rcduce
<br /> � the charge to the permitted limit;and(b)any sumti already collected from Borrower which exceeded petmitted iimit�will be
<br /> refunded to Borrower. Lender may choose to make thi�refund by reducing the principul owed under the Note or by muking u , � '
<br /> ���:� : direct payment to Borrower. If a refund reduces principal,the reduction will be treated as a paniul prepayment without uny °'
<br /> .�. prepaymeni chazge under the Note. .�• ��;
<br /> , . , 14. Notices. Any notice to Borruwer provided for in thi� Security Instrument shall be given by delivering it or by I �
<br /> • mailing it by first cluss muil unless applicable law reyuires use of another method.The natice shafl be directed to the Property � '"/. i
<br /> , . Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by fint�la.++ � ,
<br /> mail to Lender's address statcd hcrein or any other address Lender detiignates by notice to Borrower. Any notice�roviJcd fitt i _
<br /> „ in this Security Instrument shali be deemed to have been given to Bortower ar Lendcr �vhen given ati pravided in tbi+ { �� �-,�
<br /> P�g�Ph• ' �=" Z:
<br /> 15. Governing Law;Severabiilty. This Securiry Instrument xhall be govemed by federul luw und the luw uf' the I � ,t•_
<br /> • jurisdiction in which the Propeny is located. In the event that any provision or rluu+e of thi�Security Imtrument or the Notr � r=
<br /> ?.': conflicts with applicable law,such conflict shall nut affect other provisions of this Securiry Imtrumrnt or the Note which can � ^ _
<br /> ',, be given effect without the conflicting provision. Ti►this end the pmvi�iom of thi+ Srcuriry lmtrument and llx� NcNC um .;�`
<br /> .'.;`.;'•_�� dulared to be severable. '
<br /> :`'�;` 16. Borrower's Copy. Borrower shall be given one conformed cnpy of the Notr anJ of this Securiry Inxtrument. � k�
<br /> r:y;.
<br /> 17. Transfer of the P�operty or a Beneficial Interest in Aorrower. If all or any pan o(thc Pr��}xrty or any intcrr.t in ' , ,
<br /> it is sold or transferred(or if a beneficiul interest in Borrower i�sc�ld or tran.frrmd unJ $e�rrowcr i+ not a natural persanl ! �'�
<br /> without Lender�prior written consent,Lender muy,at its option,nyuire immediate paymm�t in full of all sumti zecurcd by ;
<br /> this Security Instrument. However,this option shall not tx exercised by Lender if exerci,e is pruhibitcd by federal luw a�of
<br /> the date of this Security Instrument.
<br /> � ' If Lender exercises this option,Lendrr shall give Borcower notice of arceleration. Thr nuticr shail provide a}xri�xi of ,
<br /> �. � . not less than 30 days from the date the notice isdelivered or maited within which Borrow�er must pay all+ums�ecured by thi+ � ,
<br /> Security lnstrument. lf Borrower fails to pay these sumti prior to the expiraticm of thi� FxrioJ. LrnJer ma� invc�kr any '
<br /> • � • remedies permitted by this Security Inswment without funhrr nuticr cx demand on F3c�rrower.
<br /> 18. Borrower's Right to Reinstate. !(Beirtower meets certain conditionti. Borrowcr xhall ha��e the right to huvr
<br /> ,��}i�•',�: enforcement of this Security Instrument disrorninucd ut:m�•time prior to thc carlicr��f: (:►)5 day.tc�r.uch other prri�xi a.
<br /> � • Sin�l�Family--Fannle�tae/breddie�1ac V\IP't►R�T Ititi7'RI!�1F:17'--l'ndorni Cu�enant. 9�Y0 ipugr d,.)np,�„•.�
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