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<br /> - I a►ndcmnation ar•aher takiog af any part of�he Propeny,or far canvayunc�in li�u of condemna�ion.ure hercby ux�iQned and
<br /> ' slwll be puid to Lender.
<br /> In �he event of a total tnking of the Property, �hc praceedx xhull t+c applicd ta the�uma xecured by this Security
<br /> .r'�4; ' . Instrument. whether or nat Ihen due. witb any cxce5s paid to Borrower. !n�hr cvent af u pArtial tuking uf Ihc Propcny in
<br /> which the fuir murket vulue of the Property immediately beforc�hc tuking is equul tu or gmu�er thun�hc umoun�of thc sumx
<br /> � xecured by this Security Inatrument immediutely befor+e Ihc tuking,unle�+ Borcower and Lendcr otherwisc ugrcc in writing,
<br /> b:' the sums sc:cun:d by this Security lnsuurnent tihuU bc rcduced by the amount of the prcxecds muhiplied by the 1'ollowing �- .
<br /> o fmction: (a)the tatnl amount of�he sums secured immediately before the taking,divided by(b)ihe fulr murke�value of the
<br /> PropcRy immediately before the tuking. Any bulunce xhall he puid la BaRawer. In the event of u parUul luking of the
<br /> s Property in which thc fair murkel vAlue Qf the Propeny immediutcly bcPorc�he taking ix lesti thon thc umaunt of thc tiums
<br /> -- —II I,* �— secured immediatel beforc the tokin unle�x Barrawer und Lender whcrwfse u rcc in wriUn or unles. u licuble law
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<br /> ''-�'-'i.'„� aherwise provides,the praceeds�shull be upplied to�he sumx secured by ihix Security Instrument whether or nat Ihe sums ure
<br /> �•':�6i:�� .� ,.�_ ttien due.
<br /> ="�"w'°'�''� If the Property is obandoned by Borrowc�,or if,uficr notice by Lcndcr ta Barrowcr that the condemnar offen to make �-
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<br /> �a- ~._°:•.�, an uward or settle a claim for damages,Borrower fuils to respond to Lender wlthin 30 duys after the da�e the natice i+�given,
<br /> �'�'�azni�� ' Lender is authorized to collect and upply�he proceeds,ut its aptian,ei�her to reztoration or repnir of the Propeny or to the
<br />���,��. . k'��� " ' : sums secured by this Security Inxtrument. whe�her or not ihen due.
<br /> �•�''. .:•i�° . , y. Unless Lender and Borrower otherwise agree in writing, any upplicution oP proceeds to principal shnll not extend or
<br /> � a��.�,.�K- ••�� ! postpone Ihe due date of the monthly peyrnents mfenrd to in purugmphs I und 2 or change Ihe amouni of such paymcros.
<br /> ��'�`� t�� il. Borrower Not Reles�sed; ForbeArAnce By Lender Not a Walver. �xtension of the time for puyment or
<br /> ��� '' modificalion of gmortizetion of the sums secured b this 5acurit Instniment runted b L.ender to an Kucce�sor in interest —
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<br /> `;f-�,�v%��v�+,..w�:,�:a� of Borrowe�shull not apernte to releose the liubiliry ot'the original B�awer or Borrower's successon in mterest. en er 6
<br /> _ �� .,.. .. ,. , shall not be required to cammence proceeding�ugainst uny successor in interest or refuse to extend time for puyment or
<br /> • •. , . • otherwise modify umonizution of the sums secured by this Security Inxtrumem by reuson of any demand made by the origfnal
<br /> , j�„�... . _�_ . _ . Borrower or Borrower's successors in intemst. Any Forbeurnnce by Lender in exerciaing any right or remedy tihnll not be a `
<br /> _ �� �Y` . �T ,.. •� . waiver of or preclude the exercise oi s�ny right or remedy.
<br /> � " �„� 12. Successors and As.cigns Bound;Joinl and Several Liability;Casigners. The covenunts und ngrcemems of�his
<br />_- , ,°�,�;�;.�,:�,,.��.,�. Security InKtrument tihell bind nnd bene�t the successors uad assigns of Lender und Borcawer,cubject to the provisions of
<br /> _ �. . psuAgmuh 17.Borrower's• covenunts und agreementy tihall be joint nnd seveml. Any Borrower who co-signti �his Security -
<br /> _ �-.,;�..�r. .�•�';�t:.•a Instrument bul dces nc►t execute the Note: (u>i.co-signin�this Securiry Instrument only to mortgube.grunt nnd convey thut
<br /> - = Borrower's interest in the Property under the terms of�hih Securily Instrument; (6)is not personully obliguted�o puy thc sums
<br /> _ � '''N''"'�' ' � � � tiecured by this Security Instnament;und(c)ugreex thut Lender und any other Borrower mny ugree toextend,maiify,forbeur =-�-
<br />- � �;,, or make any accammodadan�c with regurd to �he terms of this Secu�i�y Instrument or the Nae without that Barrower's
<br />� .:.t �-::�., c,,:.-__•:_..-• consent.
<br /> ' ',. �� 13. Loan Churges. If the loan secured by thiti Security Instrument iti subject to A luw which sets muximum loan
<br /> „ churges,nnd�lu►t law is�nally interpreied so thut the inlerext or other lo;u�churses collected or�o be collecced in connection
<br /> with the loun exceed the permined IimNs. then: (u)uny such loun charge shull be reduced hy�he nmount necesu►ry to reduce
<br /> � �� the churge to the permitted limil;und(b) uny tium�ulreudy coUected from Borrower which exceeded permitted limits will be __
<br /> . ^ nefunded ta Borrower. Lender mny chaotie to muke Ihis mfund by reducing the principal owed under the Note or by making a —
<br /> ��� direct pnymem to Borrower. !f a refLnd reducex principal,�he reduction will be Ireuted us u paninl prepayment without Lny ---
<br /> prepuyrnent charge under the Note.
<br /> Y ' 14. Notkes. Any notice[o B�rmwer provided for in�his Security In+�rument shull be given by delivering it or by
<br /> ' , , muilinF it by first cla�ti mail unless applicable luw rcyuires use of unothcr mrthod.The notice shall lx directed to Ihe Property _
<br /> !r Addretis or ;u�y other uddress Borrower designu�ex by notice�o Lender. Any noiice to Lender shall be given by firs�cluss —
<br /> ' mail lo Lender's adJrrss�taled hcrcin or uny ulhcr uiklrcx.l.rnJer de�ignutes by notice ta Borrower. Any notice provided for
<br /> �'. ,. • in this Srcurity Instrument shull tx JcemeJ to have Mcen given tn Barawer ar Lendcr when given u+ prrnided in this
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<br /> �'"""`""""' � p 815 Governia� I.Aw; SevernbilNy. 'fhis Srrurity Inxtrument shull tx �ovcrned by federul luw and the law of the
<br /> ��� "�" jurixdiction in which►he Propeny ix I�xutrd. In�hr evrnt thai uny provi+ion ur cluutir��f this Security In+trument or the Note �,�
<br /> ;,.�r., ;�. conflicts with upplieuble law,xuch cun0icl+bull not affecl uthrr pruvisionti of Ihi�Security Intitrumrnt or thr N�ite which eun _
<br /> � �• ,• •- ;� * be given et'feci wiihout thc conflicting provi�ion. To this end the pnwision.uf ihi, Securiry Instrurnent and Ihe Note are
<br /> '- , •r derlured w Ix�ever•rhle. _---
<br /> 16. Rorrower's Copy. Bixrower+hall Ix givrn une canfomirJ ropy of th�Nutr and of this Security Inxlrument.
<br /> d ' _� 17. 'IlransPer of the 1'roperty or a lieneficft�l lnteretif in Borrow�er. If ull ur uny pan of�he Property or uny intcrest in =
<br /> � , , il iy sold or transferred(or if u ixnrticial interc.t in L3orrower is .aIJ iw�r•rn.fcrrrJ and Borrowcr i,not•r nawrul penonl --
<br /> _ .• � wilhcxu l.ender�prior wriuen con�rnl,L�nJer me►y,at il�option,rcyuirc immediat�payment in full ol'all sums sccurcd by
<br /> • � � � �' thi,Security Imtrument. However,this c�Miun xhull not Ixr rxrrci.cJ by l.enJer if excrcisr is pr��hibitcd by federnl luw Us of `-
<br /> " � thc dmc uf thi�Security In,�rumrm. --
<br /> ' u �•� If Lender exereiscx thi�option,l.cnckr shall givc 13orn�wrr noticr of ucccicration. Thc noticc .hull pnrvide u period of ��#!:,
<br /> '. ,� " ��:.. �, not lesti�han�U duy.frnm thc cluic thr nuticc i.dclivrrrd or mailyd wilhin which Borruwcr mu.i pay all sumx.ecurcd hy Ihi.
<br /> , ., Security Ins�rumem. II' Borc�iwcr fuib �o pay �h�xc sumti prior a� lhc ctpiratiim uf Ihi� prrioJ. Lender muy invoke uny �}:'�
<br /> . . rcmedics�miittrd hy Ihia Serurity In.irument w•ithuul funhrr nutirr or Jenwnd�m Borcu�ver.
<br /> � . 18. Borrowcr's Ri�Ght tu Rcimtote. If Bom�acr mrrh rrnain runJitiun., B��rrowcr +hall havc thc right ta havc
<br /> � �� �, ., " enforc�mcm of�his 5rcuriiy lo�trumcr�eiiuuntinurd:u am limr prior 1��Ihr rarlicr ol': 1a15 dayti I�r�urh other�xriod ax _—
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