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<br /> _ cimdcmn�Aiun or olhcr laking of any part of thc Pruperty,ur for convcyancc in licu of condenmag�,ar�t�c6y,1�s cd and
<br /> _ ,� . tif�all tsc paid�o Lcndcr.
<br />- - In ihc cvcnl o(u lotal t:�kin�af thc Propeny, thc procccds shall bc applicd ro tfic sums sccurcd by Ihis Sccurity
<br /> , In�iniment, wh�ther��r n��t then due,tivith any excess paid to Borrawer. In thc event of a paitial talcing of t he Property in .
<br /> �r • which thc f'liir markcl valuc ol'tltc Propc ny intmediutcly bcfore thc taking is cyual to or grcatcr than thc antou nt of the sums
<br /> � sccm'rd hy thi� Sccurity hnvumcnt im�ncdiatcly hcforc thc taking, un�ess Borrawcr and Lcndcr athenvisc aFrcc in ariting. .
<br /> � Ihe,uins tiuured hy this Sccurity InStrumcnt tihall be reduccd by thc amount nf thc prorecds mult�plicd by the following
<br /> , . fraclion: lu1 Ihc tutal;miount uf thc sums�ccumd immediately before thc taking,divided by(b) thc fair m.ukct valuc of the
<br /> , , I'roperiy immcdiatrly hefure the t;.tkin�. Any balancc shall bc paid to Borrower. In the evcnt of .�partiaE iaking of the '
<br /> " Pra�xrty in which[hc fai�• nuirket value af thc Property immrdiately bcforr thc t:iking is Icsti than thc umount of thc sums
<br /> ticcurcd immcdiatcly bcforc thc taking, unlcss Borrou�cr and Lcndcr othcru�isc agrcc in writing or unlcss applicablc l:nv
<br /> othcrwi+c provides,thc procecds,hull be applied to the sumti secured by this Securiry his�rument whether or not ihe sums,ue , , __.
<br /> Ihen duc.
<br /> If Ihc F'ropeny ir ahundoncd hy Dc�rrowcr, or if,aftcr notice by Lcndcr t�Borrower thut thc condcmnor offcrs to make � '
<br /> .. . . _:. .
<br /> ' "' ' .�n a«:►rd or+cttle a cluint for dum;�gcs. Dorrowcr failti to respond to Lender within 10 days aRer the datc thc t�otice is givcn,
<br /> , ,. •,„�..r,,,.
<br /> Lendcr is authnriied ro collect and apply the praceeds,at its option,either ta restoration or repair of the Property or to the ' �` =
<br /> sums securcd hy thix Sccuriry[nstrument,whethcror not thcn duc. w'.�,y:�`T�
<br /> Unless Lender :md Borrower oiher�vise a•ree in wrilin� an a lication of roceeds to rinci al shall not extend or �'<��xr7`�-�
<br /> 6 6• ' Y 'PP P P P : h;��M,-�_
<br /> pastpr�nc thc duc dutc of thc monlhly paymcnts refcired to in paragruphs I and 2 or chungc thc amount of such paymcnts.
<br /> 1 1 l. Borro�ver Not Releuscd: F�rbearnnce Iiy Lender Not u �Nuiver. Extension of the time Far paymcnt or ��_"�-` �—
<br /> m��dification of amortizatian of tlte ,ums,ecured b,y this Security Inxtrument granted by Lender to any succetisor in interest -_--__
<br /> of Borrawcr shull not operatc to rcica�c thc liabiliry of thc ori�ini�l Borrowcr or Borrowcr's successors in intcrest. Lcndcr
<br /> ! „� shall not he rcquir�d to cammence proceedings aguinst any tiuccessor in interest or refuse to extend time for payment or =`4 —
<br /> - , otherwise modify amnrtir.ation of the sums secured by this Securiry Instrument by rcason of uny demiind made by ttie original
<br /> Dortowcr or Borrawcr ti succctisor� in interest. Any forbearanrc by Lender in excrcitiing any right or remedy shall not be a �=.Y
<br /> aUiver af or preclude the excrcisc of any right or rcmcdy. �-_
<br /> 12. Successors nnd Assi�ns Bound;,loint und Severul LinbiNty;Co-si�Gners. Thc covenunts and agrecmcnts of this
<br /> ., Security Instrument shall binJ and Nenefit the tiuccessors ;md asxigns of Lender.uid Borrower, subject to the provixions of
<br /> paragraph 17. E3oiTOwer's covenants and agreemenn �hall be joint and xeveral. Any Bon•ower who co-sign5 Ihis Security
<br /> -� Instrument but does not execute the Not�: (a)is co-signing this Srcurity Instrumen[only to mortgaSe•6rant and canvey that =.
<br /> Bottowcr's inlerryt in thc Propenv undcr thc tcrms of this Securitv Instrumenr. cb)is not nersonallv oblieatcd to oav the sums �o
<br /> „ , secured by this Security In�trument; and (c1 agr�es that Lender anc�any other Rorrower may agree ro extend,modify,forbear --
<br /> . or make any accommodutions with ngard to the ternis of this Security Instrument ur �hc Note without tt�at Borrowerl �-�
<br /> consent.
<br /> 13. Lonn C�iurges. If the loan �ecured by this Security Instrument iti subject to a luw which sets maximum loan
<br /> ch:uges,and that law is finally interpmted tio that the interext or other loan charges collected or to be coUecteJ in connection
<br /> with the loan excced the pertnitted limits,thcn: (a)any such loan cha�gc shall be rcduced by the amount nccessary to rr.duce
<br /> � the chargc to thc permitted limit;and Ib)any sums alrcady collccted from Borrower wliich excecdcd permitted limits will be -
<br /> � refunded to Borrower. Lender may choose ro make this rcfunJ hy reducing the principal owed under the Note or by making a
<br /> direct payment to Borrower. If a refund reduces principal,the rcduction will be treated as a partial prepayment without any �
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<br /> prepaymcnt char�e under the Note. -
<br /> � 14. Notices. Any notice to Borrower pmvided for in thi,Serurity Inxtrumrnt sha�l he given by dclivering it or by �
<br /> ,. mailing it by fint class mail unless applirable luw rcyuire�use uf anothrr method.Thr n•dirr•hall be directed to the Properly i V �
<br />_, Addres�or any other address Borroµ•er designates by nntice to Lcnder. Any notice to Lrnder shall he given by first class t�:a=°°
<br /> mail to Lender's address stated hercin or any other address Lrndrr designates by notice to Borrower. Any notice provided for
<br />_ ��° , in thi+ Security Instrumcnt shall be deemed ro have been given to Borcower or Lrnder when givcn as provided in this �_��--
<br /> . paragraph. �.-
<br /> ' . I5. Governln�; [.aw;Severubillty. This Sec:urity Instrumcnt shall hc govcrncd by feder.il law and the law of the ��_��
<br /> �r���_�:
<br /> , jurisdiction in which thc Properly is locutcd. In thc evcnt that any provision ur clausc of thi,Sccuriry Instrumc n1 or thc Notc , „_�
<br /> conflictti with applicable law,such conflict tihall not affect ather provi�ions of thi,Sccurity[n�trument or the Noie which can „y��;
<br /> be given effect without the conflicting provision. Ti� ihis rnd thr provi�iun.uf thi. Securiry In�trument anci thc Note arc '
<br /> �`,-'�;.:_-
<br />. declared to be sevcrablc. -��::•�
<br /> .:=:�-._
<br />- 16. Borro�ver'.s Copy. Borrower shall be given one confomied copy af thc Note and of thi�Security Instrument. ��,:=�:Y
<br /> � II7. 7lrnnsfer of tl�e Property or n Reneficial Interest in Borru�scr. If all or any pnrt af thc Pro}xrty or aury intcrest in ' ?��
<br /> , it is,old or transferred Ior il'a benelicial intemst in Borrowrr i�,oIJ ur transfrrred and Bo�rower is not a naturul penon) •{,�� "
<br /> withaut Lendcr:ti prior writtcn conscnt.Lcndcr m.ry, .n its optiun,rri�uirr immcdiatc perymcnt in full of all surns sccurcd by
<br /> this 5ecurity Instrument. However, this option shall not be exerciscd hy Lrndrr if exercise ix prohibited by federal law as of •� '
<br /> _ the datc of this Srcurity Instrumcnt.
<br /> • •• [f Lender exercises this option,Lender tihall give Horn�wrr notice of arccleration. Thc notice shall provide a period of
<br /> � not Icss than 30 dayx fmm thc datc thc noticc i�drlivrred or m.iilcd within which Borrowcr must pay ull sum+sccurud by this
<br /> Sccurity Instrument. If Barrower fails to pay thcse sums priur to thc cxpiration of this prriod.Lender mav invoke any
<br /> : , - rcmcdic�perniittcd by thi+Sccuriry Insirumcnt without furthcr notirc ur dcmand on Burrx»vcr.
<br /> , . • 18. Borrower's Ri�ht to Rcinstatr. If Bortu�vcr mcets rcrtain conditions, Doirowcr shaU havc ihc riLiv tu hacc
<br /> • ^ enfurcemcnt of this Sccurity In.trumcnt discominucd at any tinm prior tu thr carlirr of: (a)S uays(or such cthcr period as
<br /> tiinglr F:miil}••E'annic S1uc/Frcddie lfue CNIPOR11 INtiTRl;111iti"1'•-Undumi('ov�nant. 9/40 ip.r�r J.y n��,r,tirsi I „ ^
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