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<br /> ° 92- 10�1
<br />;,� caidemnatian ur athcr�aking ai'Any put of the!'mperty,ur for convcyaoce io licu of conclemnutfnn,um hcreby ur�signed wid
<br /> slwll bc paid�o L��nder.
<br /> - In �hc ovent of u totul taking of the Property, Ihc procecdK shull be applfed ro tlx sumR rxcured by thia Security
<br /> Instrumem,whe�her or not�hen due,with uoy excex.�id�o Borrower. !n�he event af o puniul taking of thc Praperty in
<br /> which the fair murkct vulue af the Propeny immediutely before�he wking ia equul�o or grea�er than the umount of the auma
<br /> � r:crumd by�hi�Securiiy Inc�rumeM immcdiutcly before ihc�uking, unlexti Bormwer and l.cnder utl�crwlr,e ogree in writing,
<br /> the HumA securcd by Ihix Security Ins�n.iment shall be reduced by the amaunt ai'the proceed5 multiplied by�he follawing
<br /> fraction: (u1 ihc�owl amount of the c;ums xecured immediately befnrc ihe taking,dividcd by(M)ihe fair market valuc of the
<br /> Pn►perty imn�:diutely befi�rr �I►e �uking. Any bulunce nhull lx; puid io DuRUwcr. In Ihe cvcnt of a p:utiul tnkin�of the r
<br /> - F'�operty in which thc fuir market volue af the Propeny immedia�cly before the�aking ir+Icas�hun thc umount of the sums
<br /> ���i�'��� necured immediutel 6efore the tukin unless Bartnwer und Lender wherwf+e a rer in wrltin ur unle.c� a I�cuble luw
<br /> �ur,,-,•�-.������ Y B. 8 8 PP�
<br /> aherwir,e pwvides,�he praceeds shall be uppflcd�o the suma rkxured by�hix Security In.rtrumem whethcr or nut the sums are
<br /> — J. then due.
<br /> .4,� If thc Property is ubondoned by Botrower,or if,after notice by Lender to Borrower thut ihc candcmnor afferv to make
<br /> _ tm uwwd or�ettle a claim for demnges,BoRawer fails to respond��Lender within i0 duyz ufter the dote�he notice is given.
<br /> '�^"-��:_;_°�- Lender is authorized�a collect und ppply�he pracecdti,ut its aption,elther w re,wratian ur rcpair of the Property or�o the � -
<br /> ���' I xums secured by this Security Instn�mrns,whe�her or not then due.
<br /> �
<br /> Unlesg Lender nnd Borrower otherwitie agree in w�lting,any applicution of proceed�; to p�incipal shall not extend or
<br /> j������ postpone�hc due dute of the monthlY PaYments referred�a in paragruphx I und 2 or change the nmounl of such paymentx.
<br /> � I1. Borrower Not Released; Forbe�rnnce By l.ender Not a Waiver. Ex�ension of �he time for payment or
<br /> ��..�:���' modificnlian of umortizution of the sums secured by this Security Intitrumenl grnnted by Lender to uny successor in interest
<br /> of Borrower shnll not operate to rclease�he Uability of the originul Borrower or Burrower;�yucces,ors in interest. Lender
<br /> ._. ��°.+�...':... . shull not be required to commem• p.�ceedin� oguinst �n� cucces>hr in interest or tefuse ta ex�end time for payment or �
<br /> ---- �r.,rs,..k7 ,.�. .,
<br /> —_�;,,;,�,���;-,,, otherwir,e madify amortization of�he wrns secured by thi.5c�urity ln+..ument by reu+on of uny demund mndc by the originol �
<br /> —��'-•,,;a ;,:i•,."?�• Borrawer or Borrower's succesaors in inleres6 Any forbearance by Lender in exercising any righ[or remedy shull not be u
<br /> _�T'`:.� '..
<br /> r waiver of or preclude the exercise of any right ar nemedy.
<br /> I 12. Successors and Assigns Bornd;Joint ond Several Liabilily;Casignerv. The covenants and ugreements of tbis ��G
<br /> ���.
<br /> x•.-.�+�.:'�--n�x• Security Instn�ment shull bind und benefit the successor�and assigns of Lender and Borrower,xubjec� to the provisions of -
<br /> �... : -"-
<br /> �..-�'•s. a+
<br /> ,�• ;� parugmph 17. BoROwer's wvenents and uRneementx shull be joint and several. Any Borrower who co-si�ns thi+Security ^__
<br /> "-�•. Instrument but daes not execute the Note: (a)i.co-si nin this Securit lnstrument onl to mon u e rant und conve that
<br /> —i`�.r�`•�'+ B � Y Y R 8 •8 Y
<br /> °'�t.�." �1• • '.�+ � Bortower's interest in the Property under�hc temis of this Security Instrumenr. (b)is not personully oblignted to puy the sums
<br /> `°" ��' secured by this Security Ioslrument;and (c)�greeti that Lender nnd any ather Borrower mAy ngree to extend,madify,forbear -
<br /> ��,'�!,�!� � or muke uny accommodations with rcgard to the terms of this Securiry Instrument or �he Note without tho� Borrower's
<br /> �,�,.o: consent. `
<br /> -��� l3. Loan Charges. If the loun�ecured by �hiti Securi�y Inxtrument is �ubject �o a iaw which sets maximum loan
<br /> ch�rgr•,and shss la�v is fina!!y intespnted so that!he lnterest or other lo�i churges collecsed cx to M�collrriPd in ronnec�ion
<br /> — �,���,�� � m wi�h the loun exceed the rmitted IimU�,�hen: (a)on euch lonn char e shull be reduced b the umount necesqo to reduce
<br /> —. �� .+,_.:,.s :�,. Pe Y• � Y rY
<br /> -�� , •A •• the charge to the permitted limit;und Ib)uny sums already collecred from Borrower which exceeded permitted limits will be -
<br /> •,.�;�` »:�...•�. �
<br /> •LL..,.�,. mfunded to Borrawer. Lender may chaose to muke�his refund by reducing the principul owed under the Nate or by mnkin�u _
<br /> — direct payment to Bomower. If u rcfund reduce�principal,the reduction will be treated as a purtiul prepayment without any
<br /> �`'��- • prepayment charge under�he Notr. —__
<br />'.� *"= ,; ' 14. Notices� Any nolice to Barc�wer provided for in�his Sewrity Instrument shall be given by dclivering it or by —
<br /> muiling it by fint cla,s mAil unless upplicuhlc luw requires use of anc►tlx�r methai.The notice tihull be directed to the Property
<br />•��� �4`•"��� Address or any aher address Borrowcr designutc�by notice to Lender. Any notice to Lender shull be given by firxt cla4s _„
<br /> r;� �L'�=�:'�'"':'': ' muil to I.ender v uddre.s stuted herein or uny c�hcr addresti Lender J�tiignutes by notice lo Bo�rower. Any notice provided for �:__
<br />�;�"`�'`"''" ' � �, , in this Security Instrumeot shull hc dcemed io have Bcen Fiven to Borrower or L.ender when given ac provided in this r._.
<br /> =' .:..';; ti Parugraph.
<br /> �` 1S. Governtng LAw; SeverabUlty. Thi� Security Inxtrument .hall bc govemed by federal law ;uid �he law of the _
<br /> �"�`,'� "$ • jurisdiction in which the Propeny is Icei�ted. In the event thut uny provision or rluuxe uf thi+Security Instniment or the Note _
<br /> ;;;q. ' "' _ - contlicts wilh upplicable law,,uch cunfl ici.hull n���aff'ect othrr provi.iom of this Securiry Instrument or the Note which cnn �,,
<br />"� ' �• ' be givco effect without tlx�contlicting pn►vision. To �hix cnd the prnviziuns M'this Security Instnimem and the Note su+e —•--
<br /> .""'•.,r " �d'i declared to F�sevcrAble. �.._
<br /> — � 16. Borrower's Copy. Bnrcowrr tihull hc�iven�mr conl'onnrd ropy of tha Notc and of�his Security Imtrument.
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