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<br />---— - --- c.xidrmnatiun��r uther 1a{,ing+►f any part��f IhC�n►{xrty,ur fu�cnnvtyar►c�in liea of ca►ckm��a�iun,ace i�ereby assignul wxl
<br /> tihnfl be p�id to Letxkr.
<br /> In the r.wrnt +►f� �utal Iaking uf thr ['iroperty, the prareds xhall h�s applicr! ta�fx �ums securcd by this Security
<br /> Inslrunxnt,whrtt�r or not�hen dyr,with any excrts paid ea�3<►m�wer. b�Ihe avent aF u prrtial taking��f thc{'mperty in
<br /> whictt the fuir maricet value of the Perc�ttty immedia�rly t+efore the t�lun�is eywl to c�r grexter than the urncwnt of the suma
<br /> �� . __ �rcun:d by thi.5a�:urity lmtrurnert immedia�tly before�he taking,unle.s H�Kmwer and Lender ahcrwixe agnx in writing.
<br /> — th:aums nt�:urett by this�ecunty instrunxni +iiul{ i;�: ti.:J���:,!L� li„: :.�u::W:�t c�f tf:� pm�•c-�t.; n���lr�nlir.d hy thc f:•�tnwmv =-_--:.
<br /> fr�ctian: la!Ihe toui amount�f the sumx securcd immodiately he(ae tbe t�icing.diviikd by(b)the fair market value of the
<br /> Pnrprtty imnKdiRt�ly be[cxe the tAking. Any Nulance shul[t+e paid ta Born►wtr. In the event of a purtial taking of the
<br /> Yrc►perty in whi.h the fair muket value uf the F'rn�xrty inimeJiatcly befare the taking i� less th:u►U�umuunt of tt�e sums
<br /> tircureJ lmmediately hrforc the taking, unle�, Rorrower ancl l.ender otherwiu agree in writi�ig or unless applica6le law
<br /> - ntherwLx provi�iex,the pmceeds shall be upplitd to the sums ucurcd by this Sccuriry InsUument whether or not che sums are
<br /> -- — then duc.
<br /> �f thc Property is abandorxd by liorrow•er,ar if.aftcr uuti�r.Uy I.�ndct to Barmuer that the condemnor affrrs tn make __
<br /> -�� an award or settic•r claim far damagcs,BoROwer fails ta respond tu Lender witF�in:i0 days after the date the notice is given,
<br /> � Lender is uuthorired to collect and apply the rroceeds,at its option,elther to restoration ot mpair oi'the Propeny ar to the
<br /> J�� sums sccurcd hy thiy Security Insnument,whether or nut then due.
<br /> Unless Lender und Ho[rower othcrwise agme in �vriting, any application of pra:ceds to principal sh:ill nat extend or
<br /> postpc►ne ti�c duc date of�he munthly payments[cforred to in p�rugr�phs 1 and 2 or change the amount of such payments.
<br />-- ll. Bo�'rower IVo! Releastd; Forbe�rance BY Lender Not x Walrer. Extensian of th� time for payment or
<br /> " mc�ifscauon of nmortiyation of the sums�ecured by tbis Secarity ln�trume�tt granted by Lender to any successor in interest
<br /> -- - - ---
<br /> ` of Borrou�er sha�i n�t operate w release the liabiliry of'the ariginal Borcowcr or Borrowers sue�c�5vw iu iutai�st.Lcn s --�
<br /> - shall not be rcquiad to comrtxnce proceedings against:�ny successor in interest or mfuse to eatezwi time for payment or
<br /> otherwise modify amoRi•r.�tian af the sums tiecured by thi5 Security Insln�ment by rcasoa oS any demand made by the original
<br /> 8orrower ur�omower's-successui,in interest. Any fod+earance by Lender in cxcrcising any right or cemedy shall not be a
<br /> waiver of or precluck tt,e exercise of any right or remedy.
<br /> 1Z. Success�x:s ar�d.4ssigns Bound;Joint and Severstl I.iability;Co-signers. Thc covcnan��c��id agrecments of this
<br />�,. Securiry Instrument shall biix!:uid benefit the succe�so��nd assigns of Lender and Boirower.�ubjr��tu the provisions of
<br /> para�caph l7. Barrower:s coven�tits and agrcemen�s shall Ix joint and ticvcral. Any Borrowcr wlu�c�signs this Sccurity
<br /> In�.trument txu does no3 erecute tl�e Note: (al is co-tiigning this Sewrity InStrument only to mortgag,e,grar►t and consey that
<br /> Bornuwcr's inteMSt in the Pm�erty under the temis of thia Sccurity instrument; (b)is not penonally obligated to pay t°��sums
<br /> secured by ttus Securiry Instrument;and(c)agrees�l►at Lender and�u►y other Borrawer may agrec to extend,modiFy,forbear
<br /> or make any accomn�adations with regard to[he terms of this S�curity lnstniment or the Note without that Borrower+
<br /> ° consrui. -
<br /> !3. Latn Charges. If the lo�n sccurect by this Security Instrument is tiubject to a la�v uhirh se�s m�iximum toan
<br /> charges,and that Eaw is finally interprcted so Uiat the imeretit or other lo:u�charges colleci:d or io bc:collected in connecaon
<br /> with the loan exceed the permitted IimiGS,then: (al any�ncii lo:u'�charge shall be rcdure.i t�y the amount necess.�uy to reduce
<br /> the charge to d�e permitted limih and(b)uny sums almady cullected fmm Borrower whirh exc�vd:J+ permitted limits witl be
<br /> rcfunded to Bomovrer. l.cnder may chuose to make diis refund by ceducing the principal owed un�:r Lr Note or by matting a _
<br /> dircct paymertt to Borrower. If a refund n:duces pnncipal,thc reductio�«�ilt be ueated as a partial�?r.,�syment withaut:u►y
<br /> prepayment charge undcr the Note. =—
<br /> 14. lYotiees. Any aotice to Bortower provided for in thi; Security Instrument shall be given by deliverine it or by ,
<br /> mailing it by fir�t class mail un(ess applicable la�v mquires u�e of another method.Thc aotice shall be dirccted to the I'ruperty ��
<br /> Addmss or any other adc)ress Borrower designates by notice to Lendcr. Any notice to Lcnder,h:dl be given by frst class ��'__
<br /> mail to Lender:s uddress stated herein or any other addmss Lender desigoates by notice to Borrower. Any notice provided for �.-
<br /> 's in d�is Securiry Instn�ment tihall be deemed to have becn given to Borrowcr or Lender�vhcn givrn as provided in this �._
<br /> para�raph. l.�.-�-
<br /> � - IS. CovernEnR Law; Severu6ility. This Security Inswmcnt �hall be governcd by fideral law and the law of the �� 1
<br /> jurisdiction in whid�the Property is located. In the evcnt that any pnwitiion or clauxe of thi�Secur;ty Imtrument or the Nate �;
<br /> ` conflicts widi applicable la�v,such conflict�hall not nffect other provi�ions of this Security Instrument or the Note which can --.�
<br />,��� , be given effect�vidiout the conflecting nrovisio7. To this end the pmvi�ions of this Security inscni,-�ent and the Note am
<br /> dcclared tu be sei•esr�ale. ��
<br /> `•"r,�.";';;;::aA' � 16. f3orrowtr's Cmpy. Borrower shall be given on�canformed c��py of the Note:uid of thi�Srs:.:r.ty Instrument. ; �
<br /> ��' ' •`�'� '���"° 17. 7lransfer of the Pra,perty or a[ienefic[al Intcres8 i:n Baerower. If all or:iny pan of the Propeny ur any in[crctit in "'�--
<br /> �:,:,...,.,. r._. ,
<br /> ''r°�:'�' °' it is sold or transferred(or if�beneficial interest in Bomoti�;:r is sold or trantiferrcd and Borrower is not a naturtil personl
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<br /> �Y�'�.5�,�;;� without Lenderw prior written conscnt,Lender may,st its uption,myuirw immcdiat:,paymcnt in full of all swm s.carcd by � "
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<br /> .,..;� . , this Security I»s��ument. However.this option sttaU not be exemised by L.ender if exercitic is pmhibited by federal law ati uf
<br /> , :'`�°',:'- . . the date uf this Security Instrs�rr.ent.
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<br /> .��•;,���,-:-� If Lender exercises thss o�tion,i.ender shall give Borrower notice of acceler.�tion. The notice shall providc a period af
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<br /> . s�:,•,�.:„ • not less than 30 days from th�4ate the r.otice is delivemd ur r.tailed within which Borro�vcr must pay al!sums secured by thiti i
<br /> w'•''�'' ' Securit Instrument. If Bormwer fails to pay thesc sums rrior to the cxpiration of this period. Lcnder may invoke any ,
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<br /> "��•-?. •- •-• - remedies permiaect by this Seeurity Instrument without funher notice ur demand on Borrower. �
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<br /> �;�,,:•�,,,,;. ,•.,. . 18. Borrovtsr's Right to Reinsts►te. If Borrower meets certain conditions, Borrower slia!! have thc right to have
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<br /> •-... ' ; enforcement of triis Security Instrument discontinued at any time prior to the e:+rlier of: (al S day�(or such other peri as i
<br /> ��ik�:,��:Xf�.::�:.• .
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