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<br /> - Y condemnntlon ar alhcr taking of nny part af thc Property.or for canveynnce in licu of condcmnatian,are hemby assigncd c�nd
<br /> shall be paid to Lender.
<br /> In tho event uf u total tuking of the Property,the praceeds shall bc uppfIed to the sums secured by thia Security
<br /> - - Inatrument,whcther or not then due,wlth nny excess paid to Barrow'cr. In the eveat of a partitd taktng of the Property in
<br /> which thn fair rrmrket value of cho Property immedtauly befaro the takinE is eyual to or greuter than the amount of the sums
<br /> • � �ccurcd by this Securiry Instrument immcdiutely before�hc takIng,unless Borrower und l.ender otherwtae asree in writing.
<br /> � -_ -- —�
<br /> tho sums�ecured by this Security Insuun�ent ehuli bc: c:.ducc�l by U�e c►mount of dtie procecds multlplied by the fotlo�v n� �--
<br /> fractlon: (n)the totnl amount of the sums secund Immediately before the tnking,divIded by(b)the fuir mntket value of the
<br /> Property immediately before the taking. /1ny balance shall be patd to Borrower. In the event of a purtial mking af the
<br />-= Propetty in whtch the fair miuicet vnlue oF the Prope�ty Immediately before the takInB is less than the amount oF the sums
<br />�r� secured immedintely before the talcing,unless 8orrower nnd Lender otherwise ngree in wdting or unless applicuble luw
<br /> otherwlse provides.the praceeds shall be upplied to the sums secured by this Secudty Inawment whether or not the sums are
<br /> then due. ---
<br /> � If the Pmpetty is abandoned by Bortower.or if,aiter rtodce by Lender w Botrower that the condemnor offers to muke �
<br />=- an nward or settle a cluim for damages.Borrawer fsilla w respond to L.ersder within 30 days after the date tha nodce is given.
<br /> Lender is authorized to coliect and upply the procetds.ut Its opiIon.either to restornt�on ar repair of the Froperty or to the
<br /> sums secured by this Securiry Insdumen�whether ar nat then due.
<br /> � Unless Lender tend Borrower otherwise agree!n writing.any upplicution of proceeds to prirtcipal shull not eztend or
<br /> postpone the due dnte of the monthly payments refemed to In parugraphs 1 and 2 or chunse the amount of such payments. �
<br /> Il. Borrower Not Relwsed; Forbeat�tnce By L,ender Not u Wui�er. Extension of the time for payrticnt or
<br /> modification�f amartizndon oF the sums secured by this Security Inswment�ranted by Lender to nny successor in interest _,_
<br /> oY Sonower shuU not opernte to retease the Itability of the ori�irutl Bo�rower or Botrowerk successors in interesw i.ender `
<br /> shall not be tryuired to commence proceedin�s aS�inat any successor in interest or refuse to eate�td ame for payment or G�?_
<br /> othenvlse modify umortlzauon of the sums secumd by this Security lnstrument by reason of siny demand mada by the orlginal � .
<br /> Botrower or Batmwer�s successors in interes� Any forbearnnce by Lender In exercising nny right or remedy shall not be a �
<br /> wuiver of or pnclude the exercise of eny right or remedy. �:�.
<br /> ,:;..._,
<br /> IZ. Successors and Assigns Bound;Joint und Se�eral i.tabillty;Castgners. The covenanu and ag+eements of this ; ;;,�,;;
<br /> Securiry Insuument shaq bind and benefit the successors and assigns af Lender and Borrower,subject to the provisions of +;�,;;.
<br /> paragraph l7. Botrowet's covenstnts and agreemenu shalt be joint�nd several. Aay Bomower who casig�s this Security `."`�:;,'''
<br /> Instrument but dces not execute the Note: (u)is co-signing this Security Instrument only to mortgxge.grant and convey that ��?,':r�'
<br /> Borrower�interest in the Prnperty under the tcrms of this Securiry Insuumenr. (b)is not personally obligated to pay the sums :"
<br /> ti � �,,, scxured by this Security InsUUmen�ssnd(c)a�rees that L.ender and any other Borrower may asree to extend.modify,forbeur . �'t�'
<br /> ,, or muke any accommadations with mgard to the tertns of this Securiry Inst�ument or the Note without that Bomower�s
<br /> �_ r ,._:.
<br /> = caris�tt
<br /> ,�• 13. I.oan Chaeges. If the loan secured by this Security lnswment is subject to a law which set�maximum loan •r:,��:
<br /> `; ; ..:�..
<br /> , .A j� chnrges,and thut law is 6nnlly intetprcced so that the intecest or other loan chnr�es collected or to be co1le�Ked In connectIon <
<br /> � � •�,;�F;,e Yi , wlth the loan exceed the perm[tted Iimits.then: (a)any such loan charge shatl be reduced by the amount necessary to reduce ::7�:
<br /> �-. the chsuge to the pennitted limit;and(b)any sums already collected from Borrower which exceeded permjtted�imlts wiU be ���+
<br /> � ����� ��7 refunded to Borrower. Lender may choose ro make this refund by mducing the principal owed under the Note or by makMg a �•:.�
<br /> ��.�� .. 4:
<br /> r` ��' direct a nt to Botrower. If a refund�duces principal.the neduction will be treuted os a partial prepayment wrthout any
<br /> t�.. a��a.x, P Y'� '% '
<br />_ � r� ;� x'�: prepayment chacge under the Note. _
<br /> � 14. Notia�. Any nodce to Bocrower provided far in this Secu�vty Instrument sh�ll be given by delivering it or by
<br /> � .s, i•m �• : mailing it by fitst class mull unless appltcnble Iaw mquites use of unother method.'Ihe notice shnll be directed to the Property ;�.
<br /> pddress ur any other nddress Borrower designates by notice to Lender. Any notice to Lender shall be�iven by fust class ,:;•�
<br /> mail to L.ender's uddress stated herein or any other address Lender designates by notice to Borrower. Any notice pmvided for .
<br /> in this Secwity Instrument shal! be deemed to have been given ta Borrower or Lender when given ns provided in this
<br /> ara h
<br /> ""-' '• � p 15 Govemtng Law;Sever�biltty. This Securiry Insuvment shail be governed by federnl luw and thc law of the
<br /> " •i � / jutLsdIctlon in which the Property is lacnted. In the event thnt any provision or cluuse of this Securiry Instrument or the Note .r,,
<br /> 'f"��;:. , conflicts with appIIcable law,such conflict shall not affect other provisions of this Securiry Inswment or the Note whleh can ':>"
<br />-_ �.,u... ;� ;:.-:`
<br /> - be siven effe�t without the conflicting provision. 'Ib this end the provisions of this Security (nstrument and the Note are
<br /> = �` ,�., declnred to be severable.
<br /> ' '�r�,,,;:,::; 16. B�ACOwer's Copy. Borrower shall be given one conformed rnpy of the Note and of this Security Insaument.
<br /> �%� .r"f°'�r: -'°��`� IZ 'Ylrapster oP the Property or a Berte6lcial Interest in Borrnwer. If ait or i►ny pact of thc Property or any interest in
<br /> ,��•_�i°.�.
<br /> - "'r it is sold or transfemed(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person1
<br /> �`���"'+"" without Lender�prior written consen�Lender may,at its option,require immediute payment in full of ull sums secured by
<br /> .,_, ... ,..,
<br /> `t �`��`°'-•° this Securiry Instrumen� However,this option shalt not be exercised by Lender if exercise is prohibited by federnl inw ns uf
<br /> �f, y��`� .�� the duta of this Security instrument.
<br /> '���`�'-`�� �� If Lender exercises this option.Lend�r shull pive Borrower notioe of acceleration. The notice shull pmvide a period of
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<br /> �"�" `�" not less than 30 days from the dute the novice is delivered or mailed within which Borrower must pay ull sums secured by this
<br /> .�t,.:..`. .
<br /> ���,�°..,:.:,� Security Insm�ment If Borrower falis to pny thesc sums prior to the expirntion of this period. Lender muy invoke any
<br /> remedies pennitted by this Security Instrument without funher nodce or demand on Borrower.
<br /> •;;�;�••�;w�"�'• IS. Borrower's Rtght to RetnstpIIe. if Bomower�neets certain conditions. Borrower shatl have the right to have
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<br /> • ;.., . . enforcement of this Security Instniment discontinued ut nny time prior to the earlier of: (n)5 days(or such other period us
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<br /> :� s::: . .Y. ', Singlo Family—b'nnnk MaclFYeddtc Mnc UNIF012M IIVSTRUMENT••Uniform Corenonts 9l90 f/aRp 4 oj6 poRvs)
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