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<br /> -�-��u z•.��, candemnation or athor tnkin�of any part of the Property.or for conveyance in lieu of condemnatton,uro hereby asslgned and �•__ , :,;,;,�,,.
<br /> „�=..r��,.R���p sha11 bc Qsid to L.endcr. �' � `
<br /> • � In the evcnt af u tatat taking of the Property. the procesda shall be applied to the sums secured by this Security `"'>? '„ _
<br /> lnstrument, whether or not then due,with any exces4 puid to Bu�rower. In the event of u partial takin�of the Property in • - —
<br /> which the fafr marlcet vnluv of the Property immedinte�y before the taking is equul to or greutcr than the umount of the sums , ,.�
<br /> s�ured by Yhis Securiry Instrument immediateiy bcfore the tnking,unless Barrower nnd Lender otherwise ugree in wrlting. - �
<br /> � '' the suma secured by this Security Instniment shall be reduced by the umount of the proceeds multiplied by the following .
<br /> fraction: (a)the total nmount of the sums secured immediutely before the teking,divided by(b)the fair market value of the ,. �
<br /> � Praperty immediately before the taking. Any balance sball be paid to Borrower. [n the event of a purtial tAlcing uf ch� •
<br /> PropeRy in which the feir market value of the Property immed�ately before the tuking is less than the amount of the sums .
<br /> _ secured immediately before the taking, unless Borrower and Lender othenvise agree in writin�or unless applicablc law -,
<br /> _ •,-- �_�_
<br /> � otherwise proviaes,the procceds shali be appiied to the sums secured by this Security Ienstrument whc�he�or not the�u�ns ase • � �'�-"� :
<br /> � then clue. �.
<br /> 4ft tPte Il'nm�rty is abandoned by$vaower,or if,af�er¢totice by Lend!er co Boatowee that the condemnor of4'ers ta�maQc¢
<br /> � a�e�w�rd or settCe a clairn fvs damages.Honrower fails to respond ro II.ender within 30 days after the daee the notice is giveun, ; :;:
<br /> i.ertder is authorized to cvllect aued apply the prmcceds.at its option,eit1h.r to restorntio�e or repair of the PropPrty or to ttae 1:, ,.;,:'c�?:::�
<br /> �� ' " sums secured by this Securit�r°r�s;sramer�a,w�cether or not then due. '� '�•��`�� �``'
<br /> `i(...;;�:..:;,,,:;�' ...�,•_•
<br /> <•�` :1:�,;�"�. , Unless Lender and�orrower otherwise agTee in writing, any�tpp3icatian oE proceecl+to principal shall aot extend¢ar •,��;;,.,�;�:;.-��.,•�;,Y;,�•. .
<br /> .' � _ f postpane thc due date of t�e manthly puyme�sts referred[o ire parugrag�hs 1 �nd 2 or change the amaunt ot'such pnyments. ��::•>?�;�=<;:�l?;�'�
<br /> � 1!. Borrower Not Released; Forbe�cnw�s By I.ee�der No4 u Waiver. Bxtension of thc time for p:iymcnt or � ��>��'''`�F,':•<,�'
<br /> t�> � �
<br /> madification of amortization of the sums secured by this Securiry Itestrument grar►ted by I.ender to any successor in interest � •�� :
<br /> � � • of Borrower shail not operate to release the liability af the original Barrower or Borrower's successors in interest. Lender
<br /> -�" •• shslt not be required to commence proceedings against any successor in intenst or refuse to extend time for payment or
<br /> � otherwise modify amortization of the sums secured by this Security Instrument by r+eason of any demand made by the original � • �: , ,.
<br /> ' ; ., ..� . �.�,��'.
<br /> Bornower or Honawerk successors in interest. Any forbcarance by Lendcr in exercising any right or remedy shall not be �
<br /> waiver of or preclude the exercise of any right or remedy. _ � � '
<br /> " �� �� 12. Successors and Assigns Bound;Joint and Several I.iability;Casigners. The covenants und a�reements of thix
<br /> ° ' Security lnstrument shaU bind und benefit the successon und a.tisigns of Lender and Borrower,tiubject to the prov3sionx of
<br /> patagraph 17.Borrower� covenunts and agreemenGc shul! be joint und zeveral. Any Borrawer wha co-stgns this Security
<br /> � [nr:trument but dces not execute the Note, (u)is co•si�ning this Securiry[nstrument only to mortguge,grnnt und convey thut
<br /> « Borrowerk interest in the Property under Ihe terms af this Security Intitrumenk (b)ix not persanully ablignted to puy the sums =¢
<br /> xecured by this Security lnctrument;nnd(c)agrces thut lr.ndcr und uny othcr Borrowcr muy ugme to cxtend.modify,forbcur �r "�,.°
<br /> . �� or make uny nccommodutians with regard to the terms of this Security Instrument or the Note without thut Borrower� �9+.r
<br /> ! ,,� '° � conscnt. ��
<br /> " �� " 13. L.oun Chargea. If the loan secured by this Security ]nstrument is xubject to a law which sets mnximum loan • �
<br /> charges,and that taw�s finulIy intcrprctcJ,a,ii►at the iatcrc;t ar athcr loan ch:sreeS L'OIJ£CiC(�4i l4�C Z4IICC[L'�itl rnn}�t!r(jt►� ____=_,�
<br /> � ;sr�
<br /> ' with the loan exceed the permitted limits,then: (a)uny such loan churge shall be reduced by the amount necessary to reduce „ � �
<br /> ;i''. the charge to the permitted limit:and(b)any sums alreudy collected from Borrower which exceeded permitted limits will be ; E
<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 payment to Borrower. If a refund reduces principal,the reduction will be treated as a partial prepayment without any
<br /> prepayment charge under the Note. "y�; �
<br /> 1 4. I V o t i c e s. A n y n o t i c e t o B o r r o w e r p r ov i d e d for in this Securit y Instrument shall be�iven by delivering it or i�y I .�.�;;�
<br /> mailing it by ftrst class mail unless npplicable law requires use of anothe�method.The notice shall be directed to the Property i'j ,��'�,
<br /> • " Address or any other address Borrower designates by notice to Len dec Any notice to Len der s ha l l be given by ficst elass ` , ;°;,;;�`
<br /> mail to i.enders address stated herein or any oth�r addre..Lenderdesi�nase,by notice to Borrower. Any notice provided for • .• �?:��;�;,;;j:�;�(� •
<br /> in this Security Instrument shall be deemed �o have bcen given to Borrower or Lencler when given as provided in thns f �,,J��,��,.,.;:,��;:,��?,�'E,;� �
<br /> paragraph. , ,f! '•,, f��t.,r .
<br /> �fl•,i�'ti ., ��.4��.r`'
<br /> • 1S. Govesning Law; SeverabiloQy. "Q'his Security Instrument shall be governed by fede�a! law and the law of ttne '�;�f��/:•��`
<br /> • • jurisdiction in which the Property is located. (n the event that any provision or clause of chis Security Instntment or the Note , �>n^����i}��,
<br /> ,;.,•:' . conflicts with applicable law,such conf7ict shall not affect other provisions of this Security[nstrument or the Note which can
<br /> `,tl'•,:�::",.;r .. :, be given effect without the conflicting provision. To thiti end the provisions of this Securiry Instrument and the Note are ;�
<br /> �,,,;��•.,,.� , �. declared to be severable. � !�`��.'�� � � -
<br /> ,� `;:�� _ �•..: ;:;� 16. Borrower's Copy. Boirower shall Ue given one confonned copy of the Note and of thiti Security Instrument. � ,
<br /> 17. 'IYansfer of the Property or a Beneticial Interest in Borrower. Sf ull or any part of the Property or any interest in f
<br /> ' it is sold or transferred(or if a beneficial intere.t in Borrower is sold ur transferred and Borrower is not a naturul person) �
<br /> � without Lender's•prior wri�ten consent. Lender may,at its option,reyuire immediate payment in full of all sums secured by I ,
<br /> . this Security Instntment. However,Ihiti option.hall not tx exercised by Lender if exercise is prohibited by federal law a�of �
<br /> � the date of this Securiry Instrument. • �
<br /> ' If Lender exercixes this aption.Lender tiha11 give Borrower notice of ucceleration. The notice shall provide a period of { �
<br /> � not less than 30 days from the date the notice is delivercd or mailed within which Borcower mutit pay all sums secured by this i
<br /> „ Security lnstrument. If Borrower fnils ta pay thc�e sums prior tu th� expiration of this periud, Lender may invoke any � ,
<br /> � ' remedies permitted by this Security Imtrument without further notice or demand on Borrower. �
<br /> 18. Borrower's Right to 12einstate. lf Bortowrr mccts certain wnditions, Borrowcr shall have the right to have ;
<br /> enforcement of this Sccuriry [mtrurnent disrontinucd at any time prior to the carlier of': (a)5 day+(or�uch other period ati � �
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