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<br /> -- -----�-� condemnsdon or ather tAking of any psrt of tho Property.or for conveya�ce in Ucu of condemnat[on,are t�ereby nssigR,�d nnd� -
<br /> -=:�--�.�rr�.�, shall ba paid to Lender. -
<br /> _ __— In the event of a toinl taking of the Property. the proc�eds shall be applted to the sums secured by thiA Secwity. �`�
<br /> -�-----= Inatrument,vvhether or not then due.wlth uny excess pa[d to Borrower. In the event of u ptutial taking of the Pro�epty icu. -
<br /> =---— whlch the fair market value of the Propetty immediately befare tha wking is equnl to or greater than the amount o�tf�st�uzs.
<br /> -="�_s�'�`•'.','"��,.` secured by thts Security Instrument immedintely before the taking,ualess Borrower and Lender otherwisa ugme In.wc�tLig,
<br /> ---- the sums secured by thla Security Insuument shall be reduced by the nmount of tlie proceeds muldplied by the fo�To�wi�r
<br /> --�T�G.-`•`� frnctIan: (a)the total amount of the �ums secured immediately before the tak(ng,divlded by(by the fair m�+rket valu�of.t`�s
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<br /> -�•.r:-__,�,�- - Pcvperty immediately before the taking. My bala�tce aha11 be paid to Boaower. 1n thc cvcnt of a pactIal taIcing of the r
<br /> .=�:�,�t Property in which the fair market value of the Property immediately before the takln� is less than the nmount of the sums
<br /> _ '�":''��?� secured immediazely before the taking.un�ess Barrower end I.ender otherwtse agree in writing or unie.as np�+licrhiP�aw --..
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<br /> ' otherwise provides,the proceeds shall be appl[ed to the sums secured by this 5ecudty Insmiment whether or not the sums are
<br /> �{�:;::;;:..' th�n due. --
<br /> , • '"' If the Property is abandoned by Borrower,or if.after notice by Lender to Barrawer that the condemnor offers to make _-- __
<br /> . • an award or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> '' �•_.' ' I.ender is authorized to collec[and apply the praceeds,at its option,ei t her to reswretion or repaIr of the Prope t t y or to the �`=-
<br /> . � sums secured by thls Security Instrument,whether or not then due. �_,_.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds ta principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. r-._..,�--
<br /> lA. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or �°'�"
<br /> �.�.._
<br /> modification of amortizadon of the sums secured by this Security Instrnment granted by Lender to any successor in intemst s_
<br /> , of Bomnwer shaU not operate to release the liability of the original Borrower or Borrower's suc¢essors in interes�Lendec p,�
<br /> _ �. '_ shall nat be required to commence proceedings against any successor in iaterest or refuse to extend time for payment or
<br /> otherwise modify amortization of the sums secured by this Security Instrument by mason of any demand made by the original �"
<br /> ' � Bonower or Borrower's successors in in teres t. My for b e a r a n c e b y L e n d e r i n e x e r c i s i n g a n y ri g h t o r r e m e d y s h a l l n o t b e a �""`�
<br /> waiver of or preclude the exercise of any right or remedy. '�`�"
<br /> " � 12. Successors and Assigns Bound;Jolnt and Several Liability;Casigners. Ttie covenants and agreements of this �t;,��-��`
<br /> Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions of �,�-
<br /> .Y,: paragraph 17.Borrower�s covenants and agreements shall be joint and several.Any Bortower who casigns this Security •J� ��
<br /> ,. y+sG� Instrument but dces not execute the Note: (a)is casigning ihis Security Instrument only ro mortgage.grant and convey that '�=_
<br /> ^i�i� Borrower�lntcrest in the Pro rt•under the terms of this Securit Instrumenr, (b)is noi rsonall obli ated to a the sums � �:�.+:_•
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<br /> secured by this Security Instrument, and(c)agrees that Lender and any other Borrower may agree to extend,modify,forbear
<br /> `• , or make any accommodations with regard to the terms of this Security Inetrument or the Note wiihout that Borrower� �^==_-
<br /> consent.
<br /> �• 13. Loan Cha�ges. If the loan secured by this Secur�ty Instrument is subject eo a law which sets maximum loan �`��
<br /> ',i: . ' - chssges,and thst lses is finally inte reted so that the interest or eth?r loan charg?���Ilected or to be collected in connection .�'-:_
<br /> with the loan exceed the permitted l�mits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce 6���;�-z
<br /> the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limii,will be ����-=-�-
<br /> � refuaded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a .��'�} `
<br /> direct payment to Barrower. If a refund mduces principul,the reduction will be treated as a partia!prepayment without any -
<br /> � prepayment charge under the Note. "--�;i`�_
<br /> � 14. Notices. Any notice to Barower provided for in this Security Ins[rument shall be given by delivering it or by
<br /> ,_ mailing it by first class mail unless appiicable law requires use of another method.The notice shaQ be directed to the Pro�rty '
<br /> • Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class
<br /> � ' mail to Lender's address sutted herein or any other address Lender designates by notice to Borrower. Any notice provided fur
<br /> in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this
<br /> ParagraPh•
<br /> � 15. Governing Law; Severability. This Security lnstrument shall be �overned by federal law and the law of the °
<br /> jurisdiction in which the Property is located. In ihe event that uny provision or clause of this Security Instrument or the Note
<br /> conflicts with applicable law,such conflict shall not affect other provi�ions of this Security Instrument or the Note which can
<br /> " be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are
<br /> � declared to be sever:�ble. ••
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> ;.,:,� 17. 7�ansfer of the Prope�ty or a Bene�ciai Interest in Borrower. If al l or any pan of the Propeny or any interest in •
<br /> ��. it is sold or transferred(or if a bcneficial interest in Borrower is sold or tramFerred und Borrower is not a natural person)
<br /> without Lender's prior written consent, Lender may,at its uption,myuire irnmediate puymrnt in futt of all sums secured by ,
<br /> � this Securiry Instrument. However,this option shall not be exerrised by Lender if exercise is prohibited by federal law as of
<br /> the date of this Security Instrument.
<br /> • If Lender exemisex this option,Lender shall give Borrower notice of acceleration. The notice shall provide a period of
<br /> not less than 30 days from the date the notice is delivered or mailed within whirh Bonower must pay ai]sums secured by this
<br /> Security Instrument. If Borrower fails to pay these .um. prior to the expiration of this period. Lender may invoke any
<br /> � remedies permitted by this Securit� Instrument without further notice ur demand on Borrower.
<br /> ., 18. Borrower's Rlght to Reinstate. If Bortowcr mectx rcnain conditions, Borrower tihall have the right to have
<br /> � � ` enforcement of this Securiry Instrument disrontinued at any time prior to the earlier of: la)S da���(or such other period as
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