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<br /> -=--;:�_�.,�,;.� conAemnntlan or othes tuktng uf any purt of the Propeny�or for conveyancs in lieu of condemnntton.are i�e�rcby cissigr�ed mrid
<br /> - - =— sha11 Ise Qaid to Lenclec. �—
<br /> —=_ _= In the event of n total tatcing of the Property, d�e pmcc�eds shall be opplicd ro the sums secured by this Sccurlty —
<br /> - ------ Instrument,whether or not then duo,wtd►any cxaess paid to Borrower. ln the event of a purtlal talcjng of the Pmperty in
<br /> :�;=.,;sr�;�:�, whtch the fair nmurkei valu�of thc Rroperty immedintely before the tuking is equ�l to or greuter thnn the vmount of thc s�ms
<br /> -- --- secured by this Srcu[ity Instrument immediately befoze the tAking,unless Bc�smwor und L.ender otherwisscs Agreo ire wdting,
<br /> __a�s,��_:�.._--_� the suma secu�d by thls Security Instrument shnll be reduced by the amoi+n3 of the proceeds multiplied by the followit►g _ __ __�--_ _
<br /> _�_�:-�8:-„�„�,� feactian: (a)the totul amouat of the sums secured Immediately before the takin�,dlvided by(b)the fuir matket value of the � ______
<br /> ----------- property immediately before the talcing. Any bularce shall be p�id to Bosmwer. In the event of a partial tRkU►g of the —= --
<br /> =-�_�-�;, '"�"' Progerty!n wtuch tt�fsir merket value of the F'eopeKy tmmediately beiore the taking ia less than the�iaunt af ihc soms d....=___ .,=_
<br /> .x'z:.YY..��r.:��`'" n -_—.
<br /> _=.�,�,;�,y.� secured unmediately before the takin�, unless Bormwer and Lender otherwtse agree m wrtting ar unless applicable law ���_�_ -
<br /> _° �=�°�_��� otherwise prnvides,the pnoce�ds shall be applied ta the sum�secw+ed by this Securlty Inswment whether or not the sums are ___
<br /> �<v��,;. I�",�;� =__--
<br /> -��:�r�:�� thendue.
<br /> "'r=.•��_;;��<'"' If.the Property is abandoned by Sonnwer.or if.aftet notice by Lender to Borrower that the condemnor offers to malce �xi�= -
<br /> �i rc_nv�rs•r -
<br /> ,,.�o�Lx�L'.�yr.. �`.,-P'�`. �.�-:,., -=.
<br /> _`tijY���.�,��, axe awasd or seale u claim for damages,Borrower fails to rexpond to Lender within 30 days efter the dnte the notico ia ven, ^ -_�� _
<br /> - ; �p,�� l�zd�,�is au4i�va�zed to colle�t and apply the proceeds,at its opdon,either to restoration or[epair of the Property or to the —
<br /> '.�'s�a�� d:;,°;•� sums set►uod ay GLtis Security Instrument,whether or not then due. Q��!a �
<br /> +'�'`_ '" Unless i.cx�.�¢r acrd Borrower otherwise agree In wr3ting,any a��licati.on of pmceeds to principal shall not extend or — "
<br /> , , �s�•?��s�.-�tr:-
<br /> �������� ���r'• •�a postpone the due�it��f the monthly payments re€erred to in�va�capits 1 ami 2 or change the amount of such paymenu. �, ,;;,� __- _
<br /> `�' ` -•M 11. Borrower No! Re9�; F'orbearance By I.ersdl�s 1VaZ a �'Naiver. Extension of the dme for payment or ,S�"';;. � ,�,�,�._;_
<br /> "i:`. modificadon of amtv�aradon of dze swns secured by this Socauri�jr Instrwnent gtanted by Lender to any successor irt interest ";
<br /> �'� �y,°tFc�; of Borrower sha26•azoa operate to release the liability of the or6�*,�a�al Bonower ur Born►werk successors in lnterest.Lender � "_ _._
<br /> �nnr .
<br /> ' ' .;:�£;'�j.o � shelt not be reqa�oro:i zv comm�r�ce proceedings against a��y successor in i��crest or refuse to extea�time for payment or . . _ _
<br /> �'.':���� otherwise modify a�aoorsizudon of the sums secured by this Secuc�.y Insuument by reason of any demactd mz�e by the origi.n.a! ' '�'''����-
<br /> %���,•� A Barrower or Boramwer�successors in IntereFG Any forbearauice 3rv Lender in eaencising any eighe or semedy sha➢C aot Rrz a t`�'""�_w.-
<br /> • ; �.����� waivec of or prec9ude the exemise of any right or remedy. � ,����-�"'
<br /> ',..���•:•,�•'� Ry. 5uec�ss�rs and Assigns Bound;Joint and Severs➢�,iAb�li4y;��signers. The covenants and agreements of this i
<br /> ,', .,. Securo�iy �nstruan�nt shall bind and benefit the successors and assigns o�1.ender and Bomower,subject to the provisions of �'`'�r•� __-�
<br /> Q..�
<br /> , �aara�raph 17.Ba�rUwer�s covenants and agr�ements shall be joint and�veral.My Borrower who co-signs this Securiry ��--
<br /> ' IImstrument but dnes aot execute the Note: (a)is co-signing this Security Insuument only to mortgage,grant and convey that h� =;��-
<br /> �':�•�"�"� �mrower's intenest in the Ptoperty under the terms of tl�is Security Insuument; (b)is not personally�bligated to pay the sums -
<br /> � '� .;r",��:�j��. ', secuped by this Securiry Instn►ment;and(c)agrees that Lender and any other Borrower may agree to extend.modify.fortsear " �`�
<br /> •� . � ,.,,.y� ..
<br /> ,�;,,;f;, or make any accommodations with r+egard to the tecros of this Security Inswment or the Note without that Borrower�s „� •,r;�._
<br /> .. consent. , .;,�t �.r
<br /> _ � .. ,_ 13. Laan ���rges. If the loan secured by this Securiry Instrument is subject to a law which sets maximum loan —
<br /> . -�- s�=�
<br /> „ , charges,and that laev is finally interpreted so that the interest or other loan c�arges coliected or to be cu3nr.�ircl iu w,u�a;tlun . -_ .
<br /> ° • —
<br /> •' . wIth the loan exceed the permitted limits,then: {a>any such tioaie charge s�haE➢be reduced by the amount necessary to reduce �
<br /> '.. `�';�,� the efnarge to the permitted limit;and tb)anY sums already co�lected from Borrower which exceeded permitted limits will be ; ��-=
<br /> : :'..,�; .��� refunded to Borrower. L.ender may choose to mnl:e this refund by reducing the principat uwed under the Note or by making a s;�_;
<br /> . d'uecs paymem to Borrower. Tf a refund reduces principal.the reduction will be treated as a purtiat prepayment without any g-----
<br /> prepaymene cha�ge under the Note. ' �°
<br /> . � " 114. Nmtices. Any notice to Borrower provided far in this Security Instrument shall be given by delivering it or by , ��`°�'�
<br /> mailiaeg it by firat clu�s mail unless npplicable Iaw�quires use of another method.The notice shall be directed to the Property , .-��"
<br /> Add�ess or any�other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first cluss , ��"'`:-
<br /> .,� ,.
<br /> .:�?�`• mail¢�Lender's address stated hevein or any other address Lender designates by notice to Borrower. Any notice provided for , __
<br /> �� � in this Security Instrument shai! be deemed to have been given to Borrower or Lender when given as provide.d in this
<br /> . ata ra h � `
<br /> ' P S P •
<br /> nS. Governing T.aw; Severability. This Security Instrument shap be governed by federal law and the law of the �J�=
<br /> jurisc]iction in which the Property is]ocated. Ilo the evant that any provision or clause of this Security Instrument or the Note , � y. �
<br /> ' . � •.��. contlicts with applicable law,such conflict shaU not affect other provisions of this Security Imtrument or the Note which can ��!:�
<br /> ..;��' be given effect without the con97icting provis}on. To this enci the provisions of this Security lnstrument and the Note am 1�;'�' ,
<br /> ^• '" declared to be severable. • . „
<br /> � ' ' 16. Borrowee's Copy. Borrower shall he given one eonfottned copy of the Note and of this Secueat}•Instrument. .
<br /> � " 17. 7lrans�er vf the Property or a Beneficeal Interest Bn Borrowec. 1:a!I or any part of the Propc�zy or any interest in •
<br /> ' it is snld or transferred(or if a beneficial interent in Barro�ve�is sold or tearisferred and Sorrower is not a natural person) . •
<br /> � •�.t� witte��t Lender's prior written consent,Lender may,at itti���rtion,reyuire immediate payrment in full of all sums seeu�ed by - , = •
<br /> � ''••�� this Sfcurity lnstrument. However,this option shall not be exercised by Lender if exercis�i.prohibited by federal law as of I ,
<br /> .•..�,.,•
<br /> � �'�`�� the date of this Sa:a:ta�iry Instrnment.
<br /> If Lender exeecises ehis option,Lender,fiat�;ive Borrower notice of acceleration. TU�e notice shaS�provide a period of
<br /> � • not less than 30 alavs$rom the date the notice is d:livered or mailed within which Borrow•e�mu,t pay all snms secured by this �
<br /> •�;r��, � Secumicy instrumenz. If Borrower fails to pay these sums prior to the expiration of the.period. Lender may invoke any
<br /> �.`?;y r+�meaUies}iermi�¢ed by this Security Instrument without further notice or demand on Bonower.
<br /> • � �� �l$ Borr�avea�'s Right to �einstate. If Borrower meets ceriain conditions, Barroner shall have the right co �ua•re
<br /> , ' enforcement of ehi� Security[nstrument discc�ntinued at any time prior to the esrlier of: (a)S dayti(or euch other periad a�
<br /> ' •:r .
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