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<br /> y{ cm.idenmotion ar athcr Iakin�of Any psut u/the Propeny.or for conveyunce in�lieu of ccmdemnation,w�c hcrebY wwi�i�ed�rnd
<br /> ,,� - �twll bc pnid lo L,ender.
<br /> In thc event af a tc�td t�icing of the Pmperty, the procccda shull be applied to Ihc �umw hc�:urcd by thiw Sccurity
<br /> -- - - lnatn�ment,whcther ar not then due,wlth nny excsss puid ta Borrower. In thc event of a pudiul taking af ihe Propehy in
<br /> - which�he falr market volue of tha Prupeny immediatcly before the taking is eyual to or gren�er�han thc pmcwnt of�he�ums
<br /> ' +secured by ihis Secu�ity Inswment immediutely beFore the taking,unless Borruwer und I.ender olhcnufxc ogrec in wdting,
<br /> - tha auma rxcured by thia Saurity Instrument shull be reduced by the umount of tho praccedK muhiplicd by the fallawing
<br /> fractian: (al�he total amount of the sums eccured immediately before the laking,divided by(b)Ihe fuir murket value of the
<br /> Property immediately befoit thc taking. Any balance shall he �wid �o Horruwer. In�he event of u purtiAl taking of the �
<br /> � Prapeny in which the fdr market vnlue oi the Property immedivtely before the Inking ix less than Ihe amount ai'!hc Kuma
<br /> - - -�°; secured immediately befon the tcdcing, unless Borrowcr and l.cndcr ahcrwi4e ugree in writing ar unleKS upplicable luw
<br /> - ----_- I atherwise provides,the proceeda shall be applied ta�he Yums secured by tbis Secu�ity Innuument whether or not the xums Are
<br /> then due.
<br /> ���� li tl�e Propetty is ub:�ndoned by Barrower,or if,nfter notice by I.ender to Bortower thut the condemn�►r ofPe�x to make
<br /> N� an award or renle u clnim tor dams�ges.Borrower fuils to reapand tn Lender within 30 dayz uRer tlie dute the notice is given,
<br /> .�•���=.:"•�� Lender is authorfud ro collect and npply the proceeds,at its option,either ta restotution or repair of the Pmpeny or�o the
<br /> --=-- -�I sums secured by this Secu riiy InsUvment,whelher or oat then due.
<br /> Unless Lender and Barower o�henvise agree in writing,uny applicutfon of praceeds to principal shall not extend or
<br /> � pos�pone Ihe due date of ti-�e monihly pnyments rcfeRed to in puragrnphs 1 und 2 or change the umount oP such puyments.
<br /> __ _�i 11. Bo�rower Not Releasedi Forbearance By I.ender Not a Waiver. Extentiion of the timc for pAymenc or
<br /> �p. modificalion of wnortizetiun of ihe suma secured by this Security Ingtrument granted by Lender to any aucces,or in intezest
<br /> �: of Borrower shall not operate to relea4e the liubiliry oP�he originul BoROwer or NoRawe�'s successon in interext. Lender
<br /> ��=�'°�' shall not be required to commence proceedings ngainst any successor in interest or refuge to extend time for puyment or
<br /> g"""^''�''��""��' otherwise modify amonfz��tbn of ehe surns secured by thi,Se�urity In�trument by rca.wn of any demund mnde by the ori�inal -
<br /> ��„�,�„'�c�v aorrower or Harrowerk successors in interest. Any forhearence by Lender in exercising uny right or remedy shall not be a
<br /> �:::'.;'_.. wsuver of or preclude the�:xercise of nny right or remedy.
<br /> � 1Z. Successora apit Assigns Bound;Jolnt And Several l.iability;('o•slgners. The covenams und ugreements of this
<br /> �,�.
<br /> ,�i�.'.� „ � Securiry In.9vument shall bind And benefit the successon and a5signx of Lender and Borrower,subject to the provisions of
<br /> ,�'=s%a,'+• i�Q r:. I paragrnph l7. Borcower'ti covennnts and agreements shall be joint and severnl. Any Borrower who co-gigns this Security
<br /> R__�;:y'i,���y`� lnsnvment but daes nut exaute the Note: (u)is casigning this Securiry Ins�rume�x only to mortguge,grnnt und convey thai
<br /> --- � Bomower?s interest in the Property under the tertns of Ihis Security Instrument; (b)is not personally obligated to puy Ihe sums
<br /> � +l:�k'��� �j4 secured by this Security Ins�rumen�;and Ic)agrees thnt Lender und uny olher Borrower muy ugree to ex�e��d,madify,forbear
<br /> — `'"�!"'�,.r."� . or mnke any uccommodzitions with regurd �o the termt ot'thix Security Instrument or the Note wilhou� Ihnt Borrower�
<br /> �'`' cansent.
<br /> '��• '� '�"'�:�, �" 13. Loan ChArqe.s. If the loun secured by this Security Instrumen� is subject to u luw which setx mnximum loan
<br /> — ehnr�ec,and�hat law is t i�ully interpreted so�hat the interetit or other loan chnrgex col lected or to be collected in connec tion
<br /> °�" � with the loun exceed the pertnitted limit4,then: (u)uny�uch loun chiuge shull be reduced by the amount necessary t�m3ucc
<br /> . .„ the charge to the permittcd limit:und(b)any wms nl�eudy collected from Borrower which exceeded permitted limtts wi116e
<br />_-�� "- � refunded to Borrower. Lender may choo�e to muke this refund by reducin��he principal owed under�he No�e or by making u
<br /> __— �°'-'"°=• �"'Mr direct payment ta Barower. If u refund reduces principul,the reduction will be treuted as a pwtial prepayment wilhaut any
<br /> �' � prepaymant chnrge under the Note.
<br /> �•- 14. NaUces. Any notice to Borruwcr provideJ for in thix Security Instrument shall be given by delivcring it or by
<br /> �� • � " � mailing it by fint cls�ss mail unlexs applicable luw reyuires uxe of unother method.The nolice ahull be directed to the Ptopeny
<br /> ==� , Addnegs or any other addmx Bortower designates by notice to Lender. Any notice to L.ender shnll be given by finl class
<br /> '���""``%' � mail lo Lender g address�laled herein or any i�ther uddre.rti Lendcr J��ignutet by nolice to Borcower. Any natice provided for
<br /> ��'_� �t.� �•.
<br />_,,,,,.� , in this 5ecuriry Instrumem Khall bc deemed to huve Ix�en given to Borrower or Lender when given ati providcd in Ihis
<br /> � f�'�''"' ::' pamga►ph.
<br /> ` �`=���'�� ' IS. Governing LaW;Severabili/y. This Securny Ins�rumcn� shull Ix govemed by federul law •rnd the luw ot' the
<br />_�^.t�•�r� �}�� ,: jurisdiction in which tl� Propeny is loca�ed. In the event Ih•rt any provi�ion ur cluuxc of this Security Instrument or the Note
<br />_+o•_� �r� • .N conflictx with upplicuble luw,such conflkt �hull not affcct other pmvisions oi'this Security In�trument or the Note which con
<br /> -:��.."• • ;� be given effect without the rnntlicting provision. To this ernl the pn�vitiiom of thi, Security laslrument and the Note are
<br /> -- '` "x�' declorcd to be uvernble.
<br />-===� � ` • � �
<br /> � ,,�,, 16. Borrower's CopY. Bortower xhull Ix givrn onr confonncJ copy of the Notr and of this Security Instrument.
<br /> -�'� �*� �'� " 17. 7Yansfer of the Property or o Beneficial Interest in Burrowe� If ull or•rny pan of�hc Property or any interest in
<br /> �.•.:;, c": '" "�" it is sold or�rnnsferred (or if u txncficial imerrtit in Bormwrr i..old or irairfermd und Borrowrr is nat A naturul perxon)
<br />_:.�. --�` ' � wi�huut Lendcr's prior w riuen consent.Lender muy,u� i�,optiun,rryuire immediate puyment in full of•rll sums secured by
<br /> - ':? �,�v; ,� '". ' Ihis Sewrity Instrument. Hnwevcr,this optian shall not bc rxcrci�cJ by Lender if exerei+c is prahibited by federal luw:tti of
<br />- �-+� �.nk;a`�i1�'. •»u- � � the date of Ihis Security �mi+'umeat.
<br /> .�}k �'•��t�'� �- ' If Lendcr exercisc� �hi�option,Lender shull givc Borraw�r notice ot'ucrcicr•riion. Thc nrnicc.hall provide u peri�xl of
<br /> -.L?'!,
<br />- _�;r,�?�-� : � not less thun 30 duys Ih�rn the datc thc notirc is dcliverrd or muilyd within�vhich Borrowcr mus�pay all sum++ecureJ by Ihis
<br /> �� .
<br /> :�-- - •-• 5ecurity Imtrument. If Borrdwcr fails to puy thc.r sunt� priur Iu 1hr expiratii�n��f�hi,prriod, L�ndrr muy invoke any
<br /> ' ��..:`�•,,'�; • � remeJies permined hy tt�is Sccurity In.trument without fonher nu�icr��r demunJ on Burtuwrr.
<br />_°`�. � ;�tr+ � ' , 18. Borrower's R ight to Reinstute. It' Borruwcr meetr cennin �ondition.. Bnrrower shull huve Ihe right to Nuve
<br /> ' � enforcemenl of this Securi�y Intitrumen�Ji.c�m�inurd at am�iime priur tu Ihe rurlier uf: lul S days tor.urh other period ur
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