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<br />10068E
<br />9 Condemnation. The proceeds lit any award of claim for damages. direct or consequential. in �onncction wail any
<br />condemnation or other taking of any part of the Property, or for convey ance in Iicu of condemnation, are he: eby assigned an,I .hall
<br />be paid to Lender.
<br />I
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument;
<br />1 w
<br />whether or not then due. with any excess paid to Borrower. In theeventof a partial takingof the Property, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amountof the proceeds
<br />multiplied by the following fraction: (a) the total anivnnt of the sums secured immediately be €ore the taking, divided by (b) the fair
<br />market value of the Property immediately before the taking. Any balance shall be paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an
<br />award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given. Lender is
<br />authorized to collect and apply the proceeds, at itsuptilm, either to restoration or repairof the Property or to thesums secured by
<br />this Security Instrument, whether or not then due.
<br />Uniess Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone
<br />the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />I0. Borrower Not Rel eased; Forbearance By Lender Not a [wirer. Extension of the time for payment or modification '
<br />of amortization of the sums secu red by this Security Instrument granted by Lender to any successor m interest of Borrowesshal
<br />not operate to release the liability of the original Borruu-er or itarrower's successors.in interest. Lendershall not be required to
<br />commence proceedings against any successor in interest or refuse to extend time for payment orotherwise modify amortization of
<br />the sums secured by this Security Instrument by reason of any demand made by the original €Inrrower or Borrowees suecessnrs in
<br />interest. Any forbearance by Lender in exercising any right or remedy dy shall riot be a waiver of or preclude the exercise of any right
<br />remedy,
<br />11- Successors and Assigns Bound; Joint and Several "abitlitr Co- isivar s• The covenants and agreements of this
<br />Security Instrument shall bind and benefit the successors and assiginst of Lender and Borrower, subject to the Provisions of
<br />paragraph 17. Borrower's covenants and agreements shall be joint and sel 1. Any Borrower who co -signs this Security ,
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument anly to mortgage, grant sail convey that.
<br />Borrower's interest in the Property under the terries of this Security I:Istrunient: (b) is not personally obligated to pay the scans
<br />secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend. modifr_i®rbrarpr' '
<br />make any accommodations with regard to the terns of this Security t rurrient or the Nste, without that Borintrwer's cent:
<br />11 Loan Charges, If the loan secured by this Security instrument issubjectto a law which sets maxilimlim loan charges_'
<br />and that law is finally interpreted so that the interestorother loarichargescol€ ectedortobecollectedinconnectionwiththe ligien
<br />exceed the permitted limits. then: (a) any such loan charge shall be, reduced by the an ou nt necessary to reduce the charge to the'
<br />permitted line: and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to TsWrr a er_
<br />Lender may choose to make this refund by reducing the principa owed under the Note or by making a direct payment to
<br />Borrower. If a refund reduces principal, the reduction will be treated as partial pai meta with out any prrplaymeatchargruinder
<br />the Note
<br />13. Legislation Affecting LendersRighLc._Ifenartr:errt,or laws has th,reifeietifr; stay_
<br />provision of the :dote or this Security Instrument unenforceable according to its terms, Lender. at its option_ may require
<br />immediate payment in full of all sums secured by this Secuc ity In- Arnmentand may intivke any rem,ealiespertnitted by
<br />19. If Lender exercises this option, Lender shall take the :Melts specified a the second paragraph of li ragraph 17.
<br />14. Notices Any notice to Borrower provided for in this SceantyI tshaiilie given by delivering itor- rymait
<br />by first class mail unless applicable law requires another a thud. The notice shall, directed to the Property Address
<br />other address Borrower designates by notice to Lender, Any -suite to Lendershall be giver, by first class main to
<br />Lender's 's sihlr
<br />stated herein or any other address Lender designates br notice to Bcwrui er_ Any notice provided for in this Security lnstrmttrast:
<br />shall be deemed to have been given to Borrower or Leader w-hes given as provide, is this l aragralits_
<br />M Governing Law-, Severability, This Svcu iry I - ru tenx shad re gc% eti by federai tau- and the ~ax' ref t .
<br />3urisdiction in whicff th- ?' _iperty is located_ In the c vettt t You any provisis,p or rlaua of tFU� S rritr Instrument or the r€e
<br />conflicts with applicable law, such conflict sl;ssi not aft'{^ ratter prov%siowsof trrs Security the Nilw is tic-lz ca,% he -
<br />given effect without the Cold' icting provision- Tot_h- end the provisions, 4*this Selrunty InsLurrerit and the ,Rte are deRarredtaa
<br />be severable.
<br />16_ Borrower's Copy. Borrower shall ire )riven kite 17onforasieci copy of the Ncteand of this Security instrument.
<br />17. Transfer of the Property or a Beneficial €nterrst in Borrower- If all or arr part of the Pro
<br />per r ur any ;re£crest n itts
<br />sold or transferred stir if a beneficial interest in B+irrc ewer is sole or tranwferrca3 alicl Iorrower is not a natural pers a.) sit it
<br />Lender's prior writtencnnsent, Lender raat atitsliptiomrerlu ire immediate Payment infuliof all sums -secured bythts Security
<br />Instrument. However. this option shall not be exercised by Lender if exercise is prohibitel_-' by federal law as of the date of this
<br />- S
<br />Security Instrument. -
<br />I
<br />IfLenderexercisesthisoption. LendershaiigiveBorrocv- Potice •ravidea
<br />than 3r3da i
<br />Instrument. if Borrower fails by pay thc- esumsprtii moires, ationiif his period- Iendermayinvokeany remedies permitted
<br />by th t Sec +ir,ty Instrument without further ..atrce = dornamd I,n err• } - -er-
<br />t t
<br />te. Borrowers Itignt to Reinstate. If il-rr°wrr meet., v -ertattn cundit_Ons Borrower snarl have the right €e have
<br />enforeementof this 5ecarityInstrumertducontinuelfatanvtimeprio to theearlierof
<br />i4) § dAvs for siac�i _period as appiIC2b-je law
<br />_
<br />f m
<br />mav, pecifyforreinstatement )beforesaleof nePrerxrry r :en r x 1srthisSe riicir.trumen �r
<br />t1i) entr}of a •scigmc =nt enfor> isg �1, C =
<br />` t
<br />= r , instri tl :,t:'I -
<br />then would Lie due under this Security I nstrument and the Note had '10 acceleration occurred: Jb) cures any defaultof aAv other
<br />covenants nr agreernentt. let pays all expenses incurred in enforcing this S.--ttritt- Instrument,
<br />including. but not limited t .
<br />.
<br />reasonable attorne) s' fees: anti td) takes such action a,~ Fender may reasionaNy require to assure that the lien of this Secunti,
<br />Instrument. Lit litler's, rights in the Property and llorrower*-s obligation to pay these issecuredby -thisSecurityInstrulnent =ltal
<br />rcint'nucurot•hans;Rxi . l ; l,onreirstatementat Bi, rrawer .thrsSeeurity €nstriicnenta is thiaoh4il a €:ton rrurr:3hrrehrsialirems . ^.
<br />fully e
<br />effect i
<br />paragraph, II or 17.
<br />Nos -( sirtiltm CUCFSANTS_ Bor•rovrer anti I eader further cirm tenant ariit agree as folhivvs.
<br />19 Acceleration; Itentedie. Lend[ r .)fall give notice to Borrower prior to arri,li-ratiiin fitilow'ing llorrovver,>
<br />heeach itf tins co% ;-nitit}1 o
<br />or agrt•Cent• tit in this si't't4t it} Io- 1t "Ull -'It 4 I'll t not itrior tit arreleration under pit l':4gra ph- lot 3rtil
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