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<br /> ' o�the Pt�perty.or for cunrreyaace ia lieu of cundemnuide,ac�hereby assi�and
<br /> � candeenation or dhEr tabog of�ny pm ; - .
<br /> slaU be paiQ W Lrnder. �� txd to�tl�e sums seivred hy chis Security
<br /> . ia d�e event af a tda! taking of the_ProperiY•.U�e pcocetds aPp ,
<br /> tnstriur�ent,whetlxr or aot then due.with aay es�s paid to Bortuwcr. 111 the event of a,p3rtiat ralcmg of the Prope�tY in
<br /> which tha,fair madcet vafie of ihc E3�ope►ty immediately befo[e the t�lcing is equa!to or gRater tt+an the anEOUnt of the sum.4
<br /> ` `sxwed bY this Security insu�uma�t immediately lxfa+e;lse taking.�less Barawer aad isnder otherwise ag�ee in iuriting,
<br /> � the s�s securcd by this Securiry Instzurtenc sha11 be reduced by the amount_of the proceeds mutuplied by the foUowing . .
<br /> fiaction: (�)the tdal amadnt of the sums sec�u+a�immediateiy befole thc takiag.divided by tb)the Pdir rnarket vatue of the
<br /> � pr�ty immediatdy befure th4 taking. °My bala�c sh�11 be Paid to Borrower. In the event of a partial ta�ing af tiie �
<br /> Aope�ty ia which the fa'u masket v�lue of the Propercy immediatety before thr.saking is Iess 6��th��naant of t1�e sums
<br /> secuiod irumodiately before tbe tahing.m�kss Baiuwer and lxnder atherwise ag�ee in writiag or unless applicat�k law
<br /> adxiwise Pc'uvides.the proceeds si�all be apptied to the sums sec�ued by th'ss Security Instrument vvhcther ar not the swns are
<br /> — then due. ' ,
<br /> If tUe Pmpesty is�bandaKd bY Fo�tovrer.ar i�after notice by Lender to Bortower that the condemnor offers to make
<br /> � an awar3 a seEtk a ctaim for damages.Bamwer fails to respond tQ Leadec within 30 days afte�date the noticc�ovtrn�. ,
<br /> Lrnder is aatf�arizod m colk�t�nd apply the Pmceeds.at its opuon.eitAer to rectoration ar' of the Prope►tY
<br /> sums socured by this Sec�aity Instrumenb whether or not tl�en due. lipdoo af eeds to nci t shali not extend a
<br /> Unless I.ender aad Borrower othe:wise agree in writing.anY aPP P�'0C Pn Pa
<br /> postpx�e the due date of the mam1�1Y PaYmenu referred to in paregraphs i and 2 os change the amount of such payments.
<br /> - 11. Eorro�rer Nat Rekated; Fafiarancr By l.eeder Piot a Waiver. Extension of tLe timc for paymert or .
<br /> - modifi`cation arf�ttortir.ation of the s�uns secured by this Sec�uity insuument grdnted by Lendet to any successa m�ntetest
<br /> = ° . of Bor�ower.shall not operate to nlease the liability of the ariginal8ortower or�orrower's successors ire interest I.ender. .
<br /> . ����������ce p�oc���gs aga�nct any successar in interest or cefusa to extend time for payment ar
<br /> ahecwise modify art�ortixation of thC sums securcd 6y this Saurity Inswment byr ceason of any demand made isy tLe ori�nal
<br /> Bormwcr or Boriowetk successars in intecest. Any fotbearance by Lender in eaercising any right or remedy shalt nat be a _
<br /> = waiver af or pcoclude the exe�+cise of any "$ht or nemedy. �� '�covenants and`a ts of this
<br />-_ � 12. Succeseor'9 aad Ass�s�;Juint and Several I,iabili �o�ners. S�°. .
<br />= Secucity lastrumene shall bind and benefit the successors and assigns of Leader and Borrawer.subject to the provisions of ,
<br />-:.':� paragraph 17.Barower�cavenants and a�reements shait be joiat and sec�at. My Borrovirer who ca�igns this Security
<br /> Insaument but dces na e�cecUte the Note: la)is co-signing this Security Irutnimem or►ly to mortgage,gra�t and cenvey that _
<br /> Borrower's inten�st in the Ptoper[y under the terms of this Security[nstrumen�: (b}is not personally ohligatcd to ga}�Qite sur�s . _—
<br /> secared by this�uriry Instrument;and(c)agrees tha[Lender and any other Borrower r�-�agnee to eatend.m�fy.foibear ---..
<br /> a make any accnmmalatiar�s with tegan6 to the terms of this Security Instrument ar z.a"e Note withuut that Horrower s _
<br />. consent. . —-
<br /> ' .13. l.oan Cl�asges. If the loan secured by this Security Inmument is subjec!to a law wfiich seu maximum loan __
<br />� ¢harges,and that taw is finally interpreted so that the interest or other loan cbarges collected or to be coliected in connection ---
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<br /> with dre toan eaceed the permitted timits,them. (a)any sucb loan charge shal!be reduce3by ihe amaunt necessary to redace
<br /> the charge to the permitted limi�and(b)any sums already collected from Borrower aG'scL;.exceeded permitted limiu�?�1 be ��
<br /> - refundeA to Borrower. Lender may chaose to make this refund by reducing che principal�wed under the Note ar by making a
<br /> � ' direct payment to Bazrawer. IE a tefund redaees psincipal,the reduction w6tl.be ueated as a partial prepayment without any =--- -�
<br /> • prepayment charge under the Note. �=�
<br /> �� 14. Notices. Any notice to Borrower provided for in this Security wsirumenl shall be given� �etivetian�or by ---°= -
<br /> � ;,,= : mailing it 6y first class mail unlexs applicable law requires use of sinother method.The aotice shall be directed to the L�operty .._a. .�"i
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<br /> AdQress or any other address Bo:rower designates by notice to Lender. Any notice to Lender shall be given by first ctass "`=�"+-+�''�"
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<br /> . mail to l.ender�s address stated herein or any other address L.ender designates by notice to Borrower. Any notice provided for : �f••�'•'=--__"'-"�
<br />. ��'� in this Security In�strument shall 6e deemcd to have been given to Borr���.'r or Lender when given as.provided in this , -
<br /> :�.' paragraph. . - :,�x`.:.�
<br /> 15. Goveening Law; Severabiltty. This Security Instrument shall be gavemed by federal law and the law of the ;�•. �r''•• -�_
<br /> � . ��(`' jurisdiction in which the Properiy is lacated. (n the event that any pravision or clause oE�iLS Security Instrument or the Note . .�;���'��,:�._
<br /> � confticts w ith applicable law,such conflict shall not affect c,J�:t:provi�ions of this Security Msttument or the Note v�-€�.i ean ,. _, �•,,; _
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<br /> • • �be given effect withaut the canflicting provision. To:�a:b s<<�;he provisions of this Security lnstrument and the hote are ,_ : . �� •
<br /> <' ` declared to be sevcrablc. • � � , ���
<br />-• .� �" " 16. Bo�ower's Copy. Borrower shall be gi�e.^.ar,�confortned copy of the Note and of this Secuec, [nsttument. • —
<br /> • .. ''� � 17. 7lransfer otthe Property or a Beneticial Inter+esf d�a Baerower. lf all or any part of the Pro�or any'saterest in � ;_:
<br /> ` it is sotd or�ransfcrnd(or if a beneficial intere�,t in Borr�w���i�ti�ld ar transfermd and Bonawer is nbt a natur:�persvn) - .. _
<br /> :��:' without Lcnder�prior written cansent.Lender may.at its a�tion,require immediatc puyment in full of nU sums recured by �;�'� ��� __._
<br /> 1:�.:. this Security Instrumenl. However.this optian shali nat be exercitied by Lender ii exemisv i�:prohibited by federal taw as of ,: �;.c. -_�
<br /> .3,• Ihe date af this Security lnstrument. . r�""`� T
<br /> � ,;� " lf Lendcr exercises this optivn.l.ender shall give 8orrnwer noticc��f acccleration. The nntice shall provlde a period of . ��:y;i i{ �
<br /> - s.°` not less than 3b days fram�he date the natice is dclivcred or mailed within which Barrowor mutit pay ull sums secured by this . , ,
<br /> � a ,��:� `. . • $ecurity lnstrument. If Borr�-+�:r fails to pay these sums prior to thc cxpiration af tbi4 periad. Lender may irsc:,w�any �::,;�
<br /> - � ; rentedic.r rmitted b lhis See�•rit Inxitument without furlher notice ar dcmand on Borrawrr. �"•'+'•` .
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<br /> '`.' ;�;:��;,�;,,;�,:,•, IS. Borroaee's Rip,hi to Reingtate. If 8orrower mcets certain conditiont. Borrower tihall have the n�:to have
<br /> —�'.�� - -- - `-�a:3 -`. - enforcement of thie Security lnstrument disrominucd at any tim�pri��r ta the earlicr of: t:s)4 clays(nr saeh bihes period ati' i-._.-- .---.-.-__.-_
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