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<br /> condemn�tian or ahu tal�ing of�ny pa�t of the Pmpe�ty.or for conveyanoe in iieu of condemitatian.:ue hereby�csig�ed ond`
<br /> shal!ix paid to l.ender. = '
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<br /> In�he event of a totaltakirtg of d�e Ptape�ty.the proc�dC shalt be applied to the xums,ecum,d by this Security
<br /> instr�unem.�hethcr or not then due.with auy e�ccess pa�d m Bwsower.,la the event of a panial talcing of the Ptoperty in �_
<br /> - - which the fair mazket vatue of the property immediateiy befoie tl�taking is equai ta o:�ter than the amounl of the�ums �._
<br /> — _,,,�� . - secu�ed by t6is Security Insmunent immediately beforc the ta�ing,untess Boriuwer and L.ehder othenvise agree in writing. _- --
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<br /> �": the sums secured by this Sec�uity Insuumem shaA 6e re�uced by the amount of the procee8s mulaplied by the fottcswing
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<br /> — - �-�- .. ftaction: f�f�he tota!a�ount of the sums s�i�d�ly befo�tfie talcing,divided by Ib)the fair market vaIue of the _
<br /> Raperty immediate[y 6efore tt�e taicing. Any balar�ce shal!be paid to B�mnwer. In the event of a part�al takifig of the � _�_
<br /> {�ivperty in which the fair market walue of the Prope�ty immediatety befare the takine is tess ti�an the amount of the sums �
<br /> —'+r ~ � ' secured immediatety before the taking,untess Sormwer and Lender otherwise�gree in writing or untess appficable Eaw = --��,�_
<br /> - ;� : ott�en,,,ise provides.the proeeeds shall he appfied to the sums secured by this Security tnstrument whaher or not the sumc are � �,�-�-�.�:�- :y:
<br /> •� F='r: ; ... . illel!dUe. �`u�a���
<br /> ti Fj' ' If the P�uperty is abandonet!by BorEawer.as if:aftev natice by Lender te Bocrower that the catdemnor offe�s to malce �3��L-
<br /> ,�'.�y. . an awsird ar settte a cLtim for damages,Bo�rmver fails to n�spnnd ta Lender within 30 days after the date the notice i�given. ..J s ;«-�'—` _r-
<br /> ?����;. Lender is autharized w calleet and apP�Y�P�eeds.at its optioc�ei t her w cestotation flr reQair a f t h e P r o p e r ry ar to the --- -'- _;°„
<br /> ,%� sutns secure�hy this Securiry tnstrument.wbether ar not then da� � �'.-�' ' - . .
<br /> "" -�� °"�._-
<br /> - " .. '-;;,° Untess l.Ernder artd Bortower othetu�ise agree in writ'sng.any a�licatioa of procceds tcf principa{sha{t aot extend or �. ..,
<br /> :i�,:: � postpane the due date of the manthl a mems refecred to in a h�!and 2 or chan e the amoant of sucB ts. `>��:�..�
<br /> YP Y P�P ` g ��° ;��•=.='=,-.
<br /> :, U. Borm�rer Nut RtTes�sed: F�anace B� Leader Not a K�ai�zs Extension of the ume for.pa}�nene or .�' ��:�:i_•�„�=��a:.
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<br />:':.:.�,;. ' _ - madificarion of wnortization of the surns setuned by this Securiry inshument granted by Lender to any succes.eor in intenest ;�_#--�==__-.
<br />�::�r`. - ="��-� "�''.�� o�Bonuwer shall not opesate to retease the liability of the original Hosrower or Borcower's successors in inter�t.l.ender . �'``� ''`�-`�
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<br /> 7�. - - ��'* shall na be required ta commence proceedings agaiast any successor m interest or refuse to eatend qme far payment or -�.•�;.::- •�:
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<br /> .,� �. <, othenwise modify amortuation of the sum.s secu�d 6y this Security instrument 6y neason of any demand made by the original � ��;;:,.. _=
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<br /> - • Borrawer or Borrowei s successors in interest. Any forbe.lrance by l.ertder ia ece[�ising any right or nemed}shall not be a ,�_
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<br /> � waiver of or preclude the esercise of aay right or�t;medy. .'�:;'=;*•`
<br /> � '�,.-��;�-�r:���';;r�° �. I2. Su�ccessors and Assigas Boand;doint aad Severai Liability:Co�ne�ss- The covenants and ag�emenu of this ,_
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<br /> . . .rs.;•.; :• Security Imtrument shall bind and benefit the successors and assigns of l.eredet and Bwmwer.subject to the pravistons oi � i ,,_
<br />� '_ ``'�"'�. _ paragrapb 17. Borrowec's covenantc and a�neements shall lx joint and SeveraL Any Harraw�r who ca-sisns this Security ;•� ��_
<br /> "` - Instrument but does nai execirte tfie Note: (a�is co-�ignirtg ttii.Seenrity lns�r��ent onlY ta man€,a�e,granc and convey that --r,j.i''•`=,;�'�`�}�?��
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<br /> `'"•� ��"� � Borrawer's interest in the Properry under thF tertns of this Security iastrur�ten� (fi}is•'not personally abligated to pay the sums : '�`-"`
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<br /> . ,`� �;;; '� ... , securcd by this Security Tastrumen�and(c)agrees that I.ender and any other�airower may agrce to extend.modify.farb'ear ,•.���:•• :,::,'�:." ;
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<br /> - , •, `� or make any accommadationti with regard to the terms uf th�4 Security instrument or tfie Note withaut that B�rrower's ;;1;?�:: -..;:•y. y-,
<br />_ � ; ... << consent. i�;t;r. :,..`. .'� � ��8
<br /> .; ��•' ' ``;�� �"`' > ,� 13, Loan Charges. li the laan ce'cured by thi�Securit insmnnent is sub'ect to a law which sets maximum taan `�' ' `� "'' --�
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<br /> � ����f';f�;�f i�� charges,and tbat law i��finally interpreted so that 1h�iriter�i or other tnan ctc�.��,s,collected oc eo be colt�ed in connectian . , � .�•;•���,:. , .,,��
<br /> with the loan exceed the permitted limity,then: (a4 an}•such taan charge x.�ra4G fx retluceAi by the amoun[z�aa.�ssary ta reduce � ':��:�•�'� +_ �
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<br /> the charge to the pennitted limit;and Ib)any sum,aia�c)y collected from B��c.��a+er which exceeded per�:���limits will be :�: �,ti",' .,,,.. '
<br /> - � ' r'��``�-���^�� refunded to Barrower. Lender ma3 chome to ma ke this refund h g rieducing tiie princi pal ou•�cas�ter the l�iote or b makin a '.::�.;•.""� '' '`�` '•= _
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<br /> , � 4a ;:�;; ditect payment to Borrawer. If a ceiund reduces pritt:ipal.the re�uctinn wiU be ueated 2s..��'ial prepayment wnhout any � •�,.�•�.r..'y�,,; ,� �=
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<br /> , �. �,,.,.,,.i;,•• prepayment charge under the Kate. • ��,::`:'�r:,;'';:°`; -
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<br /> ' 14. tiotices. Any nodre ta Harrawer pra��ide�'for in this 5ecurity instc.�ment shall 6e given by delivering it or by '��•�• .,
<br /> ' � . . ' . � mailing it by frr�i c1as�maii unless applicable law requims use af another mettR�d:.The notice shal{be directed to the Praperty � :
<br /> . .s Borrower detii ates b notice ta Lender. Any--�;otice to Lender shall t�given by fint class �'��
<br /> ,,;:;. Address or any other addres � Y
<br /> , . ;t::;�:,..,•• • mail to i.ender's address stated herei�or any other address Lender de�+ignates by notice to Borrower. Any notice provided for •• '�,�'
<br /> ,''";'' in thic Seeupty (natrument shall be dee�neel to have been givea to B�rcawer or Lender when given ac provided in ahic , r'
<br /> _ . Pazagraph. ' � " -
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<br /> . . . 15. (:overning l.aw;5everabllity. This Security ln+trumem shall hc govcmed by federal law and the law of the _
<br /> � • �, jurisdictian in which the Property iz located. ln Ihe event that any provitiion or clause of this Security Instrument or the Note ;: �
<br /> conflic�y with applicabte law,such canflict shall n��t affect other provisian��of thiz 5ecurity In�trument or:`.r`ote which can . ,
<br /> ••�;'��;•, be giceb eifect withaut the conflicting pr�vitiiun. To thiti end the p�ovitiion�of this Security Imcrumer.:�^.3 the P1ote are: � ; ., , :
<br /> • .;•,''� declared.tobe severablc. � ,: `
<br /> ' . ;.,r��,,. ' .
<br /> `P,'.���:�' 16 Borrower's Copy. Bonower�haU he given ane confocmed copy of the Note and of thiti Security tntitrument. � ' ;
<br /> � ;�;''�1;�` 17. Transfer o!the Property or a BeneQcial lnterest in Burrower. lf aU or any part of the Prupeny or any iaterc�l�in�. •
<br /> "���t•�' it is sold or transferred lar i;a beneficiul interest in Barruwcr iy.uld ar trunsf'crred and Borruwer is nat a natural per+��nj�. r
<br /> • �I,'`. •`•�`5� • without I..enderti prior w•citten eonsent.l.ender may,at it�apti�n,require immcdi:�te paymem in iu0 oi all sums serured�HjS' r� . � , •
<br /> ` '"�:���`��'. ' this Secuiity Instrument Houetcr,thix c�ptinn shalt not he e�efci.ed hy l.ender if exerc�se is prohibited by federal law.m���tii1 ,�, �
<br /> �.•��� ' ��'�''���� . the datc of this Security Imtrum�:nt. �:, . ,
<br /> ' lf Lendcr cxcrc�us thiti option.Lcndcr�hall givc Borcawet nrnicc of acccicration. Thc nolice+hall provide a periad+l�ii �
<br /> ' 'c � ' not tetis Ihan 30 days from the dute Ihe notice is delivered��r mailed�vi�hin c�,tt"rch B��rr��wcr murt pay�U sum�secured by°.�1fil'. j
<br />� ��%� � � Scrurity lnstrumcm. If$ttRUWCf I�AII,r tu pap thatic yum� priar t��thc cti�+±r�iion ut'thi,peri�Hl. Lcr�cF inay invokc uny��. , �
<br /> ' ' remcdiey permittcd by this 5ecurity lmtrumenl u•ithna�1'unher n��tirr nr dcmand an Born�wrr. , ,
<br /> � ''• 1$. Borrower'y Ri�;ttl tu Reinstate. lf Bc�rrucr•tr mcets rcnuin condition�. HoR��a•cr tihall huvc thc right tn ha�v•. ��
<br /> '4'''��'� �• ' enfi�rcemem of this Security lntitrumem diticontinucci a�•ar�� tim�p€iar tat@�e e:irlirr uf: (:�►S duy��tur�uch ather period�t+�� �
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