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<br /> �, y �� 92 R�RECp --=
<br /> — �as��� 92-- 10�0�8
<br /> _ — — � cundemnotion or other takin�of any part of Ihe Praperty,or for conveyence fn lieu of condemnatian.are tkreby t+asi6ned and
<br /> �iwll bo paid to Lender.
<br /> � In thc cvent of a total tuking of the Arnperty, the proceeds shall be upplicd to the sums secured by this Securi�y
<br /> = Instrument,whether or not�hen due,wi�h any excess paid to Borrawer. !n�he event of u pprtial taking of the PropeRy in
<br /> '. R which the foir market value of the Property immediately befone the tuking is eyual to ar greuter thun ihe amount ot'the xums
<br /> sacurcd by this Security[nstrument immediately befare ihe taking.unless Borcower und l.ender otherwi�c ugree in writing,
<br /> - .:� _ the sums secured by �his Security lnstrument �hull be reduced by the nmount af the proceedx muUipiied hy the followfng
<br /> '"_ - -- -- - - fraction: (u)tha total amount of the sums sccured immcdiutely i�efar�e�hn�aking,dividrJ by(b)th�fair niurket valuc of tix:
<br /> =v� Property Immediately befare the wking. Any balonce shall be puid to BoROwer. In the event of A panial taking of ttie
<br /> � � Propeny in which the f�ir market value of the Praperty immediately before the wlcing iR less thnn�he umount af"the sum.r
<br /> securcd immediately 6efoR the tuking. unleag Borrower and Lender otherwise ngrce in writing or unless upplicobk law
<br /> otherwisse provides,the pracads shall be applied to the sums secur+ed by this Security Instrument whethcr or not the auma arc
<br /> then due.
<br /> If�he Praperty is ubandoned by Borrower,or if,nfter notice by Lender to Borrower that the condemnor offers to make
<br /> — -- -- an Award ar settle a claim for damages,Borrower fnils to respand ta Lender within 30 days ufter the dAte the noticc is given,
<br /> Lender iR authorized to collect end apply the proceeds.at ita optton,either ta restoration or repnir of the Property or�o tlte
<br /> aums isecured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Botrower o�herwise agree in writing.any upplication of praceeds ta principal shall not extend or
<br /> postpone the due date of the monlhly payments refemed to in parngrapha I end 2 or change the amount of such payme�ts.
<br /> __ _ ---__ 11. Borrower Not Released; ForbeArance By I.ender Not a Waiver. Extension of the time far payment or
<br /> --�--� madificatian of amortization af the sums secured by this Secud�y Instrument granted by Lender to nny successor in interest
<br /> _ _ __ of Borrower shall not operate to release the Ijnbility of�he original Borrower or Borrowers successors in interest. Lender __
<br /> __-..r__�.��.� Ahall not bc required to commence proceedinga aguinst nny succexsor in interest or refuse ta extend time fnr payment or
<br /> _ _�;;;'._,°�°°„�_�; atherwise modify umonizuUon of the sums secu�ed by this Secudry Instrument by reason of any demund mude by the original
<br />- - ~''`""'-��""^'�`:~• �'� Borrower or Borrower's successors in interest. Any forbenrance by l.ender in exercising any right or ramedy shall nd be a -
<br />':°:�.�' t�tx&•:,�.:.�.-•"-:_'
<br /> ry
<br /> _��;, .:, waivrr of or prcclude the exercise of any righl or remedy.
<br /> 4., 12. Successors aad Assigns Bound;Joint and SeverAl Uabllity;Caeigners. The covenants und agreements of this
<br /> !�,_s'' .
<br />_�� Security Insuument shall bind nnd benefi�the suecassor4 And assigns of Lender and Borrower,subject to the p�ovisions of
<br /> - ����'�� purugmph 17. Borrower s covennnts and Agreemen�s shall be join[ond several. Any Barrower who co-signs this Securiry �
<br /> '�� _ Instrument but dces not execute the Note: (a)is co-signing this Security lnstrument only to moRguge,gront and convey that
<br /> - - � Borrower g interest in the Propeny under the terms of thig Securiry Instrumenk (b)is not persanally oblignted to pay the sums
<br /> -_ F� ' t .
<br /> secured by this Secu�lty lnstn�ment;and(c)agrees that Lender and nny other Borrower may agree to extencl,modify,forbear
<br /> . . �•;��; or make any accommodutions wi�h regard to the te�tnx of this Security Instrument or the Note without that Bortower�
<br /> 'r..�..�c� consent.
<br /> � -��,;:'r�:�:-= !3. Luas L'l�asgrs. If ihc laan sccurccl by ihi� Sccurit� Instru�tent is :;uts,jcci to a !aa• khich :et. maximum loan
<br /> - churges,And that law is finWly interprcted so that the intercst or uther loan charges collected ar to be collected in connection
<br /> "��" with the loan exceed the perm�tted limits,�hen: (u)uny such loun churge shall be reduced by the umount necessury to reduce
<br /> _ "ai�.
<br /> :.,„..:,�. . .: ,;• the charga to the permiaed limit;and(b)any tiums ulready collected from Borrower which exceeded permitted limits will be
<br /> — 'a , ..�' refunded ta Borrower. Lender may choose to muke this refund by reducing the principal owed under the Note ar by making a
<br /> ,.,� ,.> direct payment to Borrower, If u nefund reducex principnl,the reduction will be trented u.�a purtial prepayment wfthout any _
<br /> -- ���� prepayment charge under the Note. --•.
<br /> =�:� '- �� : '�� ' 14. Notices. Any no�ice to Borrower provided for in this Securi�y Instrument tihnll be given by delivering it or by �;.
<br /> � �;� �� ,o mailing it by fiist class muil unlexs upplicable luw reyuirex use oi unother method.The notice shall be directed to the Properry
<br /> '�`"��r Address or any other addresc Borrower design�tey by notice to Lender. Any notice to Lcndcr shull be given by fi�1 clusx
<br /> ° "'�� "" mnil to I.ender's uddress stated hcrein�r uny othcr uddrcs,Lender Jesignates by notice to Borrower. Any notice provided for
<br /> �±� �'� � in thia Security Instrument shull bc dt:emed to huve t►een given to Borrower or Lendcr when given u� provided in this
<br /> - �we;�i:•:�..os�:• s p�g�ph �-
<br /> �_�� '.'_.. . . . -
<br />-- '"'�; ' 13. Governing I.aw;5everablllty. Thix Security Inslrument shull bc govemed by federal law and the law of the
<br />�%'� �� urisdiction in which the Pr rt ix(acuted. In thc evcnl lhut un rovision or cluuse of this Securit Ins�rument or the Note
<br /> T �.f� , .I W� Y Y P Y
<br /> --. conflicts with applicable luw,such conflict shull not uffect other provisiom of this Securily Instrument or Ihe Not..which can �.:
<br /> -- ��'`�" be givtn effect without the conFlicting provisiun. Tu this end the pmvitiionc of this Security Instrument and Ihe Nde are
<br />- = `E•' �n" :. declared to be severable.
<br />-h+a����.:� 16. Borrower's Copy. Borrowcr shull lie given onc confortned ropy al'thc Note und of�hi.Security Instrument.
<br /> a �' 17. 'tlrAnsPe�oP the Property or a Beneficial Interest In Borrower. If ull or uny parl of Ihe F'ro�erty or nny interest in
<br /> ;.. � . ..
<br /> �n .r.a•�;�r. . it�s sold or trnnsferred(or if a bencflriul interert in Barrawer is sold or trunxferrcd und Horrower is not a nuturol person) -
<br /> -- �'"' ` without Lender's•prior written ronsent,Lender muy,at iis c�ption,nyuirr immeJiutr puyment in fLll of all tiums se�urcd by
<br /> "�"�:...=== '_ this Security Instrument. However,this option shull not bc cxercised by L.endcr ii'excrcis�:is prohibited by icdcral luw us of
<br /> �. �u. � ` , the date of�his Security Inswmcnt.
<br />�m' „ � " ., If Lende�excrcixes this option.Lender shul)givc Borrower notice of uccelcration. Thc notice shall provide u p�:riod of
<br /> ' ' Yx= not lesc thun 30 dn c from the dute thc natice ix dclivercd or muilcd within which B��rcuw�r muxt ,� ,�II zumx xecured b this
<br />_ � a.Y,�,�_-� . . r� r�r• r
<br /> . . . Securiry Inrtrumenl. If Borrower fluik to pay lhrtic �wm priur to thc rxpirutiun af�his �ri�xl, Lender may invoke uny
<br />•�� : ., remedies permitted by thi�Security Inxtrument withoul furth�r nolicc or dcmtmd on Bum�wer.
<br /> 4 . l8. Borrower's Rt�Ght to Rcinstute. If Borrowrr mcct+ r�rtuin ronditions, Borrowcr ,hull have the rigM to huve
<br /> "' enforcement of thix Securi�y Instrumcnt di�ccmtinurJ at an}•tinx prior to the rarlier uf: la�S day�lor .ruch other perind us `f
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