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<br /> cnndcmnation ar oth�r tnkin�of nny parl af thc Property,ar for cnnveyamc:c In Ileu oF cond�mnudon,ure hemby asyip��ed ni�Q
<br /> shzell tse pa.id to I..,ender.
<br /> In the cvent of u rotal talcing of thc Property. tho proceeda shall be ppplied to the sums stcnrcd by thls Sccudty �
<br /> Jnsuurncnt�whether or not then duo,wtth Any exces9 pald to Bonrow�r. In the event of a paniul taking of thc Property in
<br /> which the fair m�rknt valuc of the pmperty immedt�tely Ix!'ore the taking is equal to or g�extcr than thc amaunt Af the aums
<br /> secured by thia Security lnstrum�t immedintcly befote tho takIng,unless Borrower tutd f.ender otherwlse agrec in wrl8ng.
<br /> thc sums secured by this�ecnrity Ynsttumont ahuft be irduced by the umc�ur�t of d�e procesxl�ntultIplled l�y Qx: fulluwi���
<br /> fracAQn: (a)the total amount of the sums s�tuted Immediataly bcfuro thc taking.divlded by(b)tt►e fuir merket vatue of tho
<br /> Property immediatcly befon the taking. Any bulnnce shel)be paId to Borrower. In the event of n partial taking of Ihe
<br /> Propeaty in which thc fair matket value of the Paoperty immedlutely befon the taking ts less than the amount of tl�a Sumx
<br /> secur�d immcdlately before the tuking,unless Hurrower and Lender otherwise pgret in writing or anless appltcubl� luw
<br /> atherwise providca,thB ptoceeds shall be upplied to the sums secur�eed by this Security Ir�spument whether ur�nat the sums ares
<br /> thendue.
<br /> I f die Properiy is nbandoned by Bomower,or if.after notice by L,eqder tn Borrawer that the condemnor offe�ta matce
<br /> an uwsud or settle a claim for damases.Borrower fails w respond to Lender within 30 days aft�r the dnte the nodce ts givu�.
<br /> Lender ia authurized to collect�nd apply the proc�ds,at Its optlon.elther to restornNan or repair of the Property or to the
<br /> suans secured by this Security Instnament,whether ur not then due.
<br /> Unless I.ender and Bortower othenvjse agnee in�vrlting.any application of proceeds to pr[ncipal shaU not extend ur
<br /> postpone ttie due dnte of the manthly paymentg referred to in paragaphs 1 and 2 or chnnge the amaunt of such payrnents.
<br /> il. Borrower Not Released;Forbeasance By Lender Not a Waiver. &xtension of the dme for payment ar
<br /> m�diPicart�n nf amarti�.adon af the xum4 securecl hy thia Security Inspumenc ganted by L.ender to any successor iR intercst
<br /> of Buirower shull not operate to�lease the liabiliry of the or�ginal Boirower or Bomower�s successors in interest.I.ender
<br /> shaU eiot be required to commence proceedings aguinst any successor in interest or refuse to extend time fat gayment or
<br /> othecwise modify amortizndon of the sums secured by this Se�urity Insnument by�eason of any demartd made by the originnt
<br /> Boirower ar Borrower�s successo�s in interat. Any forbeanu►ce by Lender in eaercising any r��ht or remedy shaU not be a
<br /> waiver of or preclude the exercise of any right or remedy.
<br /> '''" lZ. Successors and A�sstgns Bound;Joint aad Severei Liabfl[ty;Ca�gn�rs. '[l�e covenunts and agrecmenu of this
<br /> Secunty Instrument shaU bind and benefit the successors and assigns of L.ender and Borrower.subject to the provisions of
<br /> paragruph 17.Borrower's covenants nnd agreements shall be joint and severol. My Borrower who co-signs this Security
<br /> Instrument but daes aot execute the Nate: (a)ia casjgning this Secwity Insuvment only to mort�uge.grunt and convey ihut
<br /> Bnrrower`s interest in the Property under the tem�s of this Secudty Inswmen� (b)is not personally obligated to pay the sums
<br /> sec�ued by this Securiry Insuument;and(c)n�rees that Lender and any other Borrower may ag�ee w extend,madify,foii�enr
<br /> or make tiny nccommodatlons with c+egard tu the terms of this Security Inshument or the Note without that Bomower�
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<br /> 13. I.aan Chugea If the loan secured by this Securlty Insaument is subject to u law whtch sets maxiinum laan
<br /> chacges,and thut luw Is finully inteipreted so that the interest or other loan charges mllected or to be rnllected in�onnection
<br /> , a� •,�� with the loan exceed the permitted limits,then: (a)uny such loan chur�e shalt be reduced by the amount necessery to�educe
<br /> ".��►. th�char�e to the permitted Ilmi�and(b)any sums already collected from Borrower which exceeded pennitted limits will be
<br /> ;.?�t�� refanded to Homower. i.ertder rnay choose to make this retLnd by reducing the principal owed under the Note orby making a
<br /> ���1 ' ��� dia+ett paysnent to Bornower. If o refund reduces principal,the r+eduction will 6e tmated as a partial prepayment without any
<br /> pi+epayment charge under the Note.
<br /> . ��.�, 14. Notioe,s. Arey nodce to Borrower provided for in this Security Inswment shnit be given by delivering it or by
<br /> •�•- •,�•�• -• • mRiling it by first class mciil unless applicuble law requires use of another method.'Itie notice shall be dtrected to the PropeRy : .
<br /> �ls;,,y�• Rddress or any other address Bomower desiptutes by notIce to Lender. Any notice to Lender sl►nll be given by first class �,
<br /> ���:<�� {� mail to Lender�s uddress stated herein or uny other uddc+ess Lender designates by no t�ce to Borrower. My no dce provided for :•r�;
<br /> '� in thIs Security Insuument shall be deemed to huve been given to Bomower or Lertder when given as provided in thls -•
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<br /> ° pQ�1S�Governiag Law;Severabil[ty. This Security Insuument shall be govemed by federal law and the taw of�he ��t''
<br /> �'.;�; ,''�;�' " psjsdicaon in which the Pro �s locuted. In the event that an rovision or clause of this Securi Instntment or the Note ..t
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<br /> • , confl[cts with upplicable law,such conflict shull not siffect other provisions of this Security Instrument or the Note which can
<br /> r� be gi�ven effect without the rnntlicting provision. To this end the provistons of this Security instrucnent and the Note are `�
<br /> -�. �� decl�c�ed to be severnble. ',�"
<br /> ...:�'� °'-��� 16. Borrower's Copy. Borrower shall be given one conformed cvpy of the Note nnd of this Security Instrument.
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<br /> `3�.'�,;� :; "'., 19. 1Yansfer of�ihe Property or a BeneRclal Interest in Borm�+•ep If all or any part uf the Hnperty or any interest[n .
<br /> '1;�.�::.": it is sold or dansfemed(or if a beneficial intemst In Borrower is sold or trn�tsfetrec!and Borrower is not n naturui person)
<br /> ���"- " "�'• without Lertder�s prior written ronsent.Lender muy,at ics option,requir+e immediate pnyment in full of all sums secured by �;
<br /> `•�'"�=�'��� this Security Inshume�nt. However.this oppon shall not be exe�+cised by Ixnder if esercise is prohibited by federal law as of
<br /> ����'' r� the date of this Securtty inspument_
<br /> s�~'� "'�j� tf Lender exercIses this option,Lender shall give Borrower notice of acceleration. The norice shall provide s►period of
<br /> -�"��'�=' noi less than 30 duys fi+om the dute the notice is delivered or mailed within which Botrower must pay nU sums secured by this
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<br /> � .j':;"y- '� Security Insuumen� If Borrower fails to pay these sums prior to the expiration of this period. L.ender may invoke any
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<br /> ��•�=•--•-•, :•, , remeaites permitted by this Security [nstrument without fu�ther notice ordemandon Borrower.
<br /> ` �'�" " 18�. Bonower's Rtght to Relustate. If Boriuwer meew cettuin conditions, Bomower shall have the ri�ht to have
<br /> �;..'�;.�:•`�'� V::° enfacement of this Security Instrument dismntinucd at any time prior to the earlier of: (a)5 days(or such other period as
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