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<br /> candemnatian or�wher takin�of Any piut of tho!'ropony,or for conveya�ue in lieu of condemnatian,ue F�ereby aYSiQned�nd
<br /> = ehAll bc ppid ro Lender.
<br /> �= ln the event of a taal laking ot'�he Property, �hc praceeds shull be upplied to the �umg securcd by thi� Security
<br /> °�' Instrumc�t,wheshcr or not thcn due,wilh uny excess paid ta Borrower. In thc evem of u puninl taking af�he Property in
<br /> — which thc fuir m�rket vulue of the Properry immcdiatcly before the taking is equal to ar greAter thun thc amaunt of the sums
<br /> = secured by this Security Instrument Immediutely before the tuking,unles,Borrower und Lender atherwisc agree in writing.
<br /> - — the sums se�umd by this Sea;udty Insuument shall be reduced by the amaunl of the pmceeds multip�ied by the following
<br /> m
<br /> �.;_•� fraction: (u)tf�e tatal umaunt of the sums secured immediutely befam the tAlcing,divided by Ib)Ihe fair market value uf the
<br /> Properey immediately before �he taking. Any bulance rhall be paid to Borrower. In ihe event af u purliul taking of ihc
<br /> � Propeny in which tho fuir market vulue of lhe Propeny immediut�ly before the tuking is less than the umount uf the sums •
<br /> secured immediutely befure the ts�king, unless Borrower and Lender othenvise ugrec in wri�ing or unless applicuble law
<br /> atherwise provides,the proceeds shall be applied to the sums secured by this Security Inatrument whether or not Ihe sumx are
<br /> -_ -- Ihen due.
<br /> —'"�""'�"�"`� If ihe Pmpeny is Abandoned by BoROwer,ur if,ufter notice by Lender ta Borcower thnt the condemnor offers to make
<br /> �, — an awprd or senle u cluim for dumages.Barrower fuils to respond tn�eader within 30 duys af[er the dule the notice is given.
<br /> _ Lender i�►aalhorized to collect and apply the praceeds,ut it� option,either to restorution or rep�ir of the Propeny or to Ihe
<br /> ---m-s� sums secured by ihis Security In�trument,whether or not then due.
<br /> �;,.�,�s Unlexc Lender And 8orrower athenvise agree in wri�inb,uny npplicution of proceed,to p�incipul �hnli not extend or
<br /> postpone the due dute of tfnc monthly payments refemed to in puragmphti 1 ond 2 or change the umount of such paymcnts.
<br /> ---�Y.�_��.=��;�y;� 11. 8o�ower Not Rekaced= Forbearance By Lender Not A Walver. Extension of the �ime for payment or
<br /> _:����,.�.:_�� modi�catio��of nmanixation of the sums secured by this SecurIty lnswment grnnted by Lender to uny succeswr in interest
<br /> � ��.rr��.�,,:,. � � of Borrower shall not operute to releuse the linbiliry of the ariginnl BoROwer or Borrower�s succrssors in interest. Lender
<br /> _°•*- � • �''`'''Jr% ahnll not be re uircd ta comrnence praceedings agAinst nny succe�.sor In interest or refuse to extend time for payment or
<br /> eq
<br /> ' othenvise madify umonization of the.um�secured by this Security Instrument by reution of nny demand mude by the originul
<br /> '` �.:�;�.;...� ' Borrower or Borrawerb successon in interest. Any forbeararue hy Lender in exen:ising uny right or remedy shull not be u
<br /> ,� .��a:. �k�.�. �..
<br /> _ � .. • . . wuiver of or preclude the exercise af any right or remedy.
<br /> , � �'� a 12. Successors und AssiQns Bound;Jolnt and Severnl l.iabillty:Cas(gners. The cove�unts und ugreements of this
<br /> _.,_, Q' • ,,�,;��''".;i Security In.vtrument shull bind and brneFit �he successon and acxignx of Lender und Borrower,subject to the provisions of
<br />. . ,,�,,,,y,ti purugrnph l7. Horrower's covenunts a►nd ugreements shull t+e joint und severul. Any Borrower who co-sigos[his Security
<br /> ' � �� � ,_.,.._..� Instrument but doex not execute the Note: (a1 is ca-tiigning thi�Security Inslrument only to manguge,gmnt und convey that
<br /> ;� w'���'.�s,� ` '�'�' Borrower's interest in the Property under thc tertns of thix Securi�y Instn�ment; (b)is not penonally obliguted ta puy the sums
<br /> .. -..a�rora.,...,�:..a,. ..
<br /> :;,,.,�;;.,., ^_,. .,: secured by thix 5ecuriry Instrumenr,und(c)ugnees�hut Lender and any other Rorrower muy ugree to ex�end,modify,forbeur
<br />- _,b; �����;����" or muke uny uccommada�ions with regurd to the terms of thiti Security Instrument or the �we without that Borrowert
<br /> :.o,�'..;" -:_:;.. .:,:•.•:•.;�4�r, conscnt.
<br /> :�t tr-���-� `'° 13. Loan ChAry�es. If the loun secured by this Security Instn�ment is subject ta u luw which se�x muximum lonn
<br /> `� „ "`���"� ''— churges,t►nd Ihut luw is finaUy interpretc�i so Il�ut thc intcrest or othcr loan charge.�ollec�rd or to bc collected in cannection
<br /> - , �� with the Iwm exceed the permitted limits,then: lu1 uny such loun churge shull be reduced by the Amount necessary to reduce
<br /> �: � '� � the churge to the permitted limi�;and(b)any sums ulready collec�ed from Bunower which exceedeJ pertnitled limits will b�:
<br /> • � refunded to Borrower. Lender muy choose to muke this rt:fund by reJucing the prinripal oweJ under the Note�r by muking u
<br /> ' ,�„` ,; �-• direct payment ro Borrower. If u rcfuod neduces principal,the rcduction will be treuted us a purtial prepayment without any
<br />-,, .. ;': . , ..�,, s:: prep;tyment chargc under Ihe Note.
<br />• _ ,��' • "- " • • 14. Notices. Any notice to Burrower provided for in thiz Security Imtn�ment shull be given by delivering it or by
<br /> _,,,�,,, .,,� mailing it by fint cluss muil unle�s upplicable law reyuires use ol'another methal.The naice shall be dir�ted to the I�ro�x;ny
<br /> �.;J� g,,.,.� Address ar any other uddrcss Borcowr�dc�ignutcs by notice co Lender. Any notice tu Lender shall be given by fir�t clns�
<br /> " •� ;.' muil ta Lender's uddre�x staled hercin or any other uddresx Lender designares by notice to Barrower. Any notice provided for
<br /> ��; -�<�..�• •� � � •• in this Security Inatrument +hull be dcemed to huvc been giveo to Barrower or Lender when given as provided in this
<br /> -.;t,,;. �""! purogruph.
<br /> '� .�� _ IS. Gove�nb�LAw; Severs�bility. This Srcuriry Inxtrumcnt tihall bc govrrn�:d by feder.�l ILw und thc law of�he
<br /> � • ..,,�,,,�,�..a':� jurisdiction in which�hc t'roperty is la:u�rd. In Ihe event thut uny provi�ion or cluuse of this Security Inxtrument or the Nae
<br /> � � � - conflicts with upplicublc law,such wntlict shull nat uflcrt othcr pmvisium of this Scrurity Instrumcnt ur thc Nate which cun
<br /> �!'.�- �•�• :. �� � be given effect without the contlirtinF provi.ion. 7b Ihis end the pmvisions of thix Security In.trument vnd the Note ure
<br /> $ - °w�• declored to be srvrruble.
<br /> � a.vio
<br /> ' J° � 16. Borrower's Cupy. Borrowcr xhull lx givrn unr ranfomirJ r��py af thr Notc and of thi,Security Instrument.
<br /> „ 17. 'IY�Ansfer of the Property ur a Beneficlal Interest in Borruwer. If ull ur uny p;vt ot'thc Pivpeny or uny inlerest in
<br /> ' � � it is sold or trunsferred(ur it'u b.:neticial inten�st in Bam�wer i,s��ld or Irun,fernJ and Burrowcr is not u nuturul personl
<br /> �+, " � � •• I without Lender'x prior wriaen runscnt,LenJer muy,vt ilti uptitxt,rcyuire immrJiute payment in full of ull.umx securrd by
<br />'� ;";• • � this Securiry Instrument. However,lhix optian shall nat tx:exercised by l.endrr if exereise is pmhibited by federul luw us ot'
<br /> =•�� t+• the date of thix Srcurity hiurument.
<br /> -� '�'.� o If LenJer excrcises this option,Lendrr xhall�ivr Biirruwcr nutice uf uccrlrrvtion. Thr notice�hall provide u period ot'
<br /> _ , I not lesx thun 30 duys from thc dutr�hc noticr i.dclivrrcd or muilyd��•ithin which Borruwrr must pay all�ums ucured by Ihis
<br /> � .''�' LL � � Security Inswmeut. If Dorruwer fuil.to pay thr,e xum.prior �u thr rxpiration��f thi. periud. l.rndei•muy invake uny
<br /> ' •• • remedics pertniucd by thi�Scrurity Inxtnimcnt without funhcr n��ticc or JcmcinJ dn Borrowcr.
<br /> 18. Borrowcr's RiRbt tu Rcinstutc. If Bi►rrowcr mrct+ ccrtain ronditiun.. I3urruwcr ,hull har� �lir right tu havc
<br /> _ �.. ., _ ' ..�}�'� enforcement uf this Security Instrumcm di.runtinurd at any limr priur to thc rarlirr ui: �a)S day.tur.urh othrr pericd us
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