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<br /> -' v,,.�;. condemnatIon or other tt�king of any part of thc:l'roperty.ar for conveyance in Ueu o�F condetnnation,are hareby assiIIned end --
<br /> ==-i��: -- .� shull be paid ro L.ender. — -- —
<br /> —"_"�'�"'?�`��� In Qie cvent of n total tak[n� of the Propeity,the proc e e de e h a i l b e ap p 8 e d to the sume secured b y th�s Sc�urity
<br /> �'�"�'��'�c�"��.' Instmment,whether or rtot then due.with any excess p�id to 8onower. In the event of n paninl usking of tiie Pra in
<br /> =�'�:°'��-'•`�-'• '� which the 6ilr market vulue of the Propetty immediatcly 6efore the taking Is equal to or grcuter than tho amaunt af suma =__
<br /> `�-Y_s;,,,��:�.�' secured by this Security Insuument immediately before the takin�.unless Borrower and Lender othenvise a�rec in wridns. �,�..���K
<br /> ,;.-;Y;--r=;,, .,, the sums secured by this Securiry Inswment shall be reduced by the amount of the proceeda multlplied by the fa11ow1��� --
<br /> fractlon: (A)the total amount af th�sums secured jmmedintety before the taking,divided by(b)the fair mazket value atthe F�?=�._R _ _
<br /> `, ,`� � .,;y'� P�+nperty immediately before the talcing. Any halance shall be paid to Bonower. In the event of a partisl taking of the �_ __—.��
<br /> -}: � 'r'' Property tn whlch the falr market valus of the Prupe►ty lmmediately before the taking is leas than the amount af the sums ____ _
<br /> � -- ��4' secured inunediataly hefarc tha taking, w►lsss Borrower and Lender otherwtse agee in writing or unless appl�cable Iaw .�-�,-__-
<br /> ri v.s_..::__'__:
<br /> �� ��'� otherwlse pmvides.th�proreads sh�{Lb�upp li�d to t he sums secured b y this Securl t y Inswment whether or not the sume ere ��;;�,��___
<br /> then due.
<br /> ' 1f the Property is abandempd,by Harmwer,or if,after nodce by L,ender to Borrower that the condemnor offers to meke �R�`���=_
<br /> � an award or settle a claim for dt+ma$es,Bormwer fails to respond to Lender wtthtn 30 days after the dute the notice is given, t,,,'�„'i;_.-a-=—�-_
<br /> ' L.ender is authorized to collect and apply cha pmceeds.at its option.eittter to restoration or repair of the Pmperty or to the �_=s�'_�.��'�=_
<br /> � sums secured by this Security Instr�ment,whsther or nai then due. .;r��_.�=�
<br /> Unless Lender and Borrower otherwise agree in writing,any applicadon of proceeds to principal shall not extend or `�,.���,
<br /> � postp4ne the due date of the monthly payments referred to in paragraphs I and 2 or chenge the amount of such payments. -; �
<br /> IIl. �Barrnwer Not Released; Forbearance Hy Lender Not a W�iver. Extenaion of the time for payment or �: �,,, :,.:.�-F_
<br /> • ' � modi�at:n�n of ainortization of the sums secured by this Securiry Instrument granted by Lender to any successor in inurest �'.�,.�•'_�•_.,�:�-.
<br /> �'�-x-:.l_
<br /> - of Borrower shall ttot operate to release the liability of the original Bormwer or Horrawer's successors in interest.Lender lr�,-:=
<br /> ;y; •• � - shall not be required�to commence proceedings against any successor in interest or refuse to extend ume for payttnene ot '°__,__ .
<br /> ?' otherwise modify amartization of the sums secured by this Security Instrument by t+eason of any demand made by t1,e original ` ��A��_;<;, _
<br /> `'.��� "•'�'��� �� Borrower or Borrowerfi successors in interest. Any forbearance by I.ender in exercising any right oi•remedy shall not be a :,#.tw_�-
<br /> . �.�.,i5'in;�. ., ' ..Pr6r.:�,..
<br /> • '>��;;;;:;,,1 waiver of or preclude the exercise af any right or remedy.
<br /> .•,,,�,::..-,� 12. 8u�cessors and Assigns 18oand;Joint and Several Liability;Co-signers. The covenants and agreements of this �;;��i,;�
<br /> j:r';c,,; ,,_,...
<br /> • 1!-+ Securiry lnstrument shall bind and benefit the successors and assigns of Lender and Borrower.subject to the provisio�a of �L, �. ,[F_:..
<br /> � ' �, paragraph 17. Borrower's covenanu and agreements shall be joint and severaf.Any Borrower who co-signs this Secodt3+ , __
<br /> �� Instrument but dces nc1 execute the Note: (a)is co-signing this Securiry Instrument only to mortgage,grant and convey that _
<br /> Bonrewert inteicst in thc Pmperty uader the terms of this Security Instrumenr, (b)is not personally obligated to pay the sums . ,,;..
<br /> � secured hy this Security instrumant;and(c)agrees that Lender s►nd uny other 8orrower may agree to extend,modify,fotbear �� ,.�.�
<br /> ,`S+� c; ����
<br /> :.J'„: or make any accommadations with ragard to the terms of this Security Instrument or the Note wlthout that Borrower R _
<br /> ��;:, .
<br /> consent.
<br /> 13. Loan Chaeges. If tha loan secured by this Security ]nstrument is subject to a law which sets maximum loan ,;;. �;___—
<br /> ; cnarges,and tl�at Iaw is finaity iniazpresr.�sa that che issterest er�r1,�r loan charges coltected or to be collected in connection _ _
<br /> �,:,,;`•.;;� with the loan exceed the pertnitted IimitR,then: (a)nny such laan charge shall be reduced by the amount necessary to reduce _ ._
<br /> :,.° •; � �:;.� �
<br /> . ,•,: ,; the charge ro the permitted limit;nnd(b)any xums already coflected from Borrower which exceeded permitted limits will be . .'_.,�
<br /> . F�'�' refunded ta 9orrower. Lender may ch�ase tc�make this refund by reducing the principal owed under the Note or by making a
<br /> ,.:_-_
<br /> � direct payment to Bomower. If a refund redi�ces principal,the reduction will be treated ati a partial prepayment without any �; . :*--
<br /> prepayment charge undar the Nute. r
<br /> � . 14. Not[ces. Any natice w Borro�ver pmvided for in this Security Insuument shall be given by delivering it a by � •,. �f
<br /> mailing it by fitst class mail unlexs applicablc luw requires use of anoiher method.The notice shall be directed to thc Property ;;�_
<br /> Address or any other addmss Borrou'er designt�tes by notice to Lender. Any notice to Lender shall be given by first class . .,,
<br /> mail to Lender's addness stiUed hen>in or any olher address Lender designates by notice to Borrower. Any notice provided For . `s<=_�
<br /> . in this Security [nstrument shall be deemed to havc been given to Borrower or Lender when given ac provided in this , . °.��,�
<br /> _ p��+ph• :� �,�.
<br /> 15. Governing Law:Severability. This Security Instrument shall be govemed by federal law and the law of the � '�J;/
<br /> • jurisdiction in which the P[operty is located. In the event that any provision or clause of this Security instrument or ihe Note �:i�._.
<br /> . '�'.'�.� conflicts with appiicable law,such conf7ict shall not affect other provisions of this Security Instrument or the Note which ean ':.� ++��:-
<br /> , be given effect without the conflicting provision. To this end the pmvi5ion�of this Security Instrument and the Note are �`�a��;x� '
<br /> declared to be severable.
<br /> 16. Borrow�r's t'opy. Burroa'er shull be given one conformed copy of the Note and uf this Security Instrument.
<br /> • 17. 7Y�ansfer of the Property or a Beneficial Interest in Borrower. If aU or any part of thc Property or any interest in
<br /> it is sold or uansferred(ar if a heneGci:�l interest in Borcower iti xuld or transferred and Borrower is not a natural person)
<br /> ' withaut Lender's prior written ransent. Lcndcr muy,at it,op[iun,rcyuire immediate payment in fu!!of all sums secured by , �
<br /> ' this Security Instrament. Hu���ever.thi.<�ption tihall not be exercised by Lendcr if excrci`e is prohibited by fedcral law as of
<br /> the date of this 3ecurity Inxtrument. '
<br /> If Lender ex�rcisrs thi�optiun,Lender shall�:rve Borrower notice of acceleration. The notice shidi provide a period of
<br /> not tess than 30 days Frorn the date the notice iti Jetivered or mailed within whirh Borrower must pay ali�ums secuted by this
<br /> :,�;:;. Securiry instrument. If Barro�ver fail�tei puy the+e sums pr.or to the expiration of thi� period. Lender mny invoke any .
<br /> ;".; ;; remediex permitted 6y this Security In�tniment a•ithout further:�ocice or demand on Borrower.
<br /> ���•�''� 18. $orro�ver's Ri�bt to Reins4ute. If' Burtt�wer meets certain conditions,Borrower `hati have the right to have
<br /> ��`r��'�� , enfomement of thiti Securiry In�trvment di.rnntinucd at uny time prior to�he eart+cr ot': (a1 5 day�lor�uch other pe-riod as �.
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