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<br /> cbndemn�tipn ac otha tafcing af�ny paR of tht RoQetty.or fa canveyaace i►�lieu of caidemnatiar,aR he�eby a�cignod and. ` „ ,
<br /> ' �fnil6e pnd w Lender. . �' � � �
<br /> ,I n t h e e v e n t o f a t a a i t a l�n g of the P�o p e r c y, tl�e p c o c a d s shalt be a p plied co tl�e sums secure�f by this Security
<br /> � IastnrtnerM,whether or na ti�rn due.witli u�y excess ptid co Borrower. In the event af a�utial t�kirig af t6e Pnoperry.�• ,
<br /> which the f�ir markrt vatae of the Propercy immedi�tciy befoR tbc taking is equa!to or�eater thatt the am�wac of the sums
<br /> secwod tfy this Secutiry Ins�ument immcdiattiy befate the talciag.untess Borrowet and Lende�otherwise agree in writing, �
<br /> tbe swns secured by this Sacuriry Insaument shaU be Rd�d by tt�e amount of the p[oceeds multiplied by the follawing
<br /> - - ftacuoa: (�?tha cda!�mouin of 1he sums savred immediatety 6efocr the i�lcing.divided bY lb?the fair madcec value of the _
<br /> . Ftupetty irt4nedi�tely befae the taiting. My b�lance.s8a11 be paid to Barower. iA thc evcnt of a paitial.taking of the
<br /> properry in which the fair ma�i�et value of tite P�opeEty immediat�ly-ixfixe ti�e taking is lgss than the amcwnc of the samc`� ,
<br /> �secu�ed immediateIy befae We taicing.unkss Barrower and i.ender othen�ise agcee in writing or uniess�pplicable taw
<br /> ° , - athe�wise proviQes.tt:e pmceods shall 6e apptied to the siuns sccured by this 5ecurity Instrument whether oc not the sums arc
<br /> ' then due. • -
<br /> - lf the P�npaty is abonda�Kd•6y Sariower.ur i�atter aotice by Leader to Bornnwer that d�e coodemnar offecs to make
<br /> ao awu�i or seWe a claim for damag,ex,Bamwer fails to�pand to Lrnder within 30 days aftes tbe datc the notice is given,
<br /> L,eoder is authorizcd to eoliect and appty tAe proceals.at iu apcian,eitiier to rtstoration or npair of.t6e Prnpe�cy or co:the
<br /> sums secuted by this Security Instrwixnb whet6er oc rwt th+en due. . .
<br /> Unkss l,e�der and gorrowa otherwise agnr iA rvriting.any applicatian of.praceeds to principal sfiall not ea�ud or
<br /> postpoae the due date of th�monthlY PaY�ts refemed w in paragiapbs 1 and 2 nr change d�c amount of such paynnents.
<br /> ll. Borrowe� NoE Reiessed; Forbtsraoce BY l.ender Not a Waiver. Eatens'son of thc time for paymenc_oc
<br /> mo�,ific,�tion of�moetization of the sums secuKd by this Security lnstnunent grrnted by l,ender to any successor in intenest
<br /> of Barnwer sNall nal operate to nle�u tt�e liability of[he original Bocrower or Bompwsr's succe.ssors in interest.�Lender
<br /> - shalt not 6e nqaired to commence praceedings agaiit�t any successor in inte�st or t�fuse tu extend dme far paynient or �
<br /> � .od�erwise t�adify amoitizapio�af tha swns�d by t6is Security Instrument by re�wn of any demand made by the a:'agiriai . .
<br /> Fomnwer ar Barowut�ars in iatetnst.:.�ny forbearance by I.ender i�exercising any right or remedy shatt no�be a
<br /> �waiva qf or pRClnde the e�cencise af any rigdc�ts�me�dY• � .` �. `
<br /> 12, SYOees�ors wl As�as BoM�d;IaT"it aad S�verAl Liability;Casig�oer�. The covenants and agie�nentse���this
<br />- Saurity I�strument sha[I bind and�enefrt ttie successas and assigns of l.ender and Borrower,subject to ttee pm4?s?�cs of
<br /> _ parag►aph 1�.Borrower's covenants and agc�ements shall6e join[and sevecal.Any Banower who eo-signa thi���?:.�ty ��_
<br /> .,�
<br /> �`_ _ Tnsuarnent 6ut doesnoE execate tfte Note: tal.c�;cR-signirtg this Seeurity lnstrumerrt on{y to mottgage.gcani and cuii�sii�t , -- - v_�__-�.-.--
<br /> - Borrower's intecest i�the Plroperty under the te�s of this Security Instrumen� {b)is not personaliy obli�to pay the sums ' �3�:
<br /> - , secured by this Seaaity Instrumen�and(c)agees that Lender and any other Borrower may agree to e�ai�.modify,forbear = -- ___
<br /> ot make any accammodations with cegard to the terms of this Security (nstrument or the Note widTaut that Borrower� - __ __ _
<br /> consent. . ` . . -__°-°_
<br /> = 13. Lo�n Ch�rRes. if the loan secured by this Secucity lnstrumEnt is subject tca a taw which sets maximum toan ` - ---_
<br />-r charges.and that!aw is fi�ally interpreted so that the interest oc othes toan churges copecred or to be a�'.tected in connection
<br />�' with the loan eaceed the permitted limitx,ther�. �Fa)any such laan charge shall be reduced by the amouncnecessary tu reduce . �
<br /> ''��` the chacge to the permitted limi�and(b)any siuns already coltected fram Bonower whicb exceeded peimitted limits will be —
<br /> -;�,:,
<br /> ;�.. refunded to Borrower. Lender may chaose to matce this refund by reducing thc principal owed under t�Yote or by making a
<br /> J" ` di�ect payment to Bo�rower. If a cefund reduces.principal,the reduction will be treuted as a pa�tial prepayment without any ----- -
<br />-"" � pnpay,�sent charge under the 1�a:e. ..
<br /> 1� liotices, Any notice to Borrov�•er.pcovided far in this Secudty Instrument shal!be given hy•delivering it or by � ' �_
<br /> � mailing it by first class mail unless appticaBl�lAw requires use af another method.The notice shall be dirteted to the Propetty � �
<br /> Addmss or any o�►er address Borrower designates by notice to Lender. Any notice to Lender shaU be given by first ciacti =�;���'�:,
<br /> �_ mai{to I.ender's actdress stated herein or any ather address Lender designates by notice to Borrower. Any notice provided for -"_-.�.";_ •-
<br /> �•_•�.-�
<br /> u�,�r= in this Security lnsuument shail bc deemed to have been given ta Barrower ar l.ender when given as prov�ded in this �Y��1_.h;_.
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<br />--_ p��1.S. GOS'fPllf'�g I.AW; SeYera6ility. This Security Instnimcnt �hall be govemed by fedemt law and the law of the , �-
<br /> jurisdiction in wi�rc6 thc Property is tocated in the event that uny provisian or clause ai�his Security Iaswment ar the Note =`"�=
<br />-- - conftic.ts with applicable taw.such conflict s.'h�nat Affcct other prov isions af�his Security Instrument arthe Note which can �;�y�;;;�.__
<br />_- be�,iren effect without the conf"iccing gro���.:itsn. To this end the provisions af this 5ecuriiy Instrument and the No�e are ,��._���:,
<br /> � d�Gutd to be severable. � � .� 1s;;.`�,T=:.
<br />��� �� lb. $orrower's Copy. Bor:ower�halt'wr given one canfarmed copy of shc Nnte and of this Security Instnime�t. '".'`1�:-;
<br /> �::�,.��� 17. 7�ansfer otihe Property or a Be�Y'�ci�l lnterest in Borrower. li All ar uny part of the Pra�xrcy or any ir..r:est in ' �`"''_'°
<br /> it ic sotd or trans£;rred(or if a beneficial ir.-3�si in Borrawcr is sold or trnnsferred and Banowe�s>�Y.`t a natural person) ��'`�"�
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<br /> without Lenders rwior written con.cent,Lcnd;;.:r.�ay.at its optinn,require immediate payment in faI!ut..:l sumq sccureQ by � t�_:;�w_�
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<br /> . _ ' this 5ecurity instrument. Hou•eti•er.thiw aption.rhall not be exercised by Lender if exerc�se ir prvhibi:eQ by federal law as oi � ,;,�,- �,-
<br /> _ the date of this Securiry Instrai�r:r. ', ' ' �=��-��--
<br /> - - Ii Lender exercises thi�v;�.:dn,l.ender�all give Barrowcr noticc vf urceleration. The no�ice�.'ral!provide a pee'rod of ' �_�Y;'.
<br /> :• -��.
<br /> � not less than 30�7�ps from the date ihe noticc i.CeJivcrcJ or mailed wi�hin which Borcower must pa}ail sums sccuredby this • � '.;;,<<,;"'
<br /> Security lnstn�:ct. If Borrawer iails ta�� ihe�e sam�pri��r tn thc expiratinn of thiti periud. II.•:r•.tcr may invukc :uiy • '. � , .;�,,��,;
<br /> ; , remedies pern�i::rQ by this ScCUrity Instn�mer.t without furthcr notice or demattd on Bartowcr. � , ' �
<br /> —;.--;.�{�. - _---_ tg. 8orrower's RigM to Reinstate. If Burrc�wer tiueets certain c�,n�iitiuns. ti�fr�c�wer,hatE tta�c tl�e right to have �_-.�' ;:_:,`.:',': ` _
<br />_ � �'��eemene of t$�s Security 3n�trument discantinutd at any time pri��r tu�he earlier��t: �a►S Jay�(c►r�ncU olhet pcticxi a� :�:,•��.•
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