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Home My WebLink About0962 am rcmdemnation ~~r uther tak~ng of any part~uf the Property, or for conveyance in (ieu of condemnauon, arr hereby I a+.igncYl and ~hall br paid l01_ender. In the c~rn~ ~~f total taking of the Pro~xrty, ihe pra;eecls shall be applied to the sums secured by this Sr~:unty ln.trumrnt, whrther ~~r nut thrn due, w•ith any excess paid to Borrower. In the event of a partial taking of the Property. unlc~s Eiorrower and 1_rnder otherw•ise agrc~r ~n w•nting, the sums serured by this Security Instrumen~ shali be reciured by the am~~unt ~~f the prckrecis multiplied by~ the fallow•ing fra~tion: (a) the tutal amount of the sums secureci immediately heforr thr takin~, di~ ided b~~ (b) the fair market valuc nf the Proprrty immediately before thr taking. Any b:?lance shalt be ~aid t~~ &~rmwer. li the Proprrty~ iti abandoned b~• &~rrow~er, or if, aRer notice by l.ender to Borrower that the condemnor oHen to m~ke an aw~~rJ or xttle a rla~m for damagc~, &~rrow~er fails to respond to Lender within 30 days after the date the notice is gi~rn, L.endrr i~ authorized to collect and apply the procerds, at its option, either to restoration i~r repair of the Property or tu the sums sc-~ured by this Serurity Instrument, whethrr or ni~t then due. t?nlc-~~ Lender and Borrower ~~therwise ~gree in writing, any application of pra:erds to principal ~hall not eatend or po~t~ne the due date of'the monthly payment~ referred to in paragraphs i and 2 or change the amount of such payment~. 10. Borrower :~iot Released; Forbeuance By Leader Not a VYairer. Extension of the lime for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of &~rrow~er shall not operate to release the liability of the original Borrow•er or Borrower's sucresson in intcrest. Lender shall not be reyuired to commenre proceedings against any successor in interest or rcfuu to extend time for pay ment or otherw~ise modify amortizauon af the sums secured by this Security Instrument by reason of any demand made b~~ thr onginal Borrower or Borrower's succrssors in interest. Any forbearance by L.ender in exercising any nght or remecly shaU nut tx a w a~ver of or preclude the exercise of any right or remedy. 11. Successors and Assigns 8ound; Joint and Setera) 1.Iabllity; Co-signen. The covenants and agrcements of this Serunty~ Instrument shal) bind and benefit the successors and assigns of Lender and Borrower, subject to the pros•isions of paragraph 17. Borrow~er's rovenants and agreements shafl be joint and several. Any Borrawcr who zasigns this Secunty Instrument but do~s not execute the Note: (a) is casigning this Security Instrument only lo mortgage, grant and convey that Aorrow~er's interest in the Property under the terms of this Security Instrument; (b) is not personally obGgated to pay the sums secured by th~s Srrunt~• Instrument; and (c) agre~es that Lender and any other Borrow•er may agree to extend. m~xf~fy~, forbear or make any~ accommociatians w~ith regard to the terms ot this Security Instrument or the Notz without that &urower'sconsent. ~ 12. I.oan Charges. If the loan secured b~~ this Security lnstrument is subject to a law w•hich sets maaimum loan rharges, and that law is hnally interpreted so that the interat or other loan rharges collected or to be collected in ronrzc-~uon w~~th the loan exceed the permiued limits, then: (a) any such loan charge shall be reduced by the amount nrcc~sar}~ to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitteci limits will be refunded to Borrow~er. Lender may choose to make this rcfund by reducing the pnncipal owed under the Note or by making a direct payment to Borrower. If a refund reduces pnncipal, the reduction will be treated as a partial prepay~ment without any prepay~ment charge under the Note. 13. I.egislation ABecting I.ender'a Rl~hts. If enactment or expiration of appl~cable law~s hat the effect of rendering any pro~ ision of the Note or this Secunty~ Instrument unenforceable accord~ng to its terms, Lender, at its option, ma}~ reyuire immediafe pa}•ment in ful! of all sums secured b~• this Security Instrument and may invoke any~ remec~~es permitted by~ ~aragraph 19. If Lender e~ercises th~s option, LFnder shall take the steps specified ~n the ucond paragraph of p:~ragraph 17. ~ 14. \otices. Any noticr to &~rrower pro~ided for in th~s Secunty Instrument shatl be gi~en by deli~en~g it or by mailing it by first cla~s ma~l unless applicablc law requires use of another method. The notice shall be d~rected to the k Pru~ert~~ Address or :~n} other address Borrower designates by not~ce to l.ender. Any~ notice to Lender shall be given by first rlass mail to Lender's addreSS stated hetein or any other address Lender destgnates by ne~tice ta $orrower. Any~ notire ; pro~ided for in th~~ Security Instrument shall be deemed to have been g~~en to &~rrower or Lender when g~~~rn as prov~ded ! in this paragraph. 15. Gorerning I.aw; Severability. 'Thi~ Sccuntp Ins~rument tihall be governed by federal law and the law~ of the ~ ~uriuiicti~n in which the Praperty ~s located. In the event that any prov~sion or claux of this Srcunty Instrument or the ~ tie~te conflictti K~th applicable law•, such confl~ct shall not affect other provisions of this Security [nstrument or the Note ~ which ran be given efirct w~ilhout the conflicting pro~ision. ~To this end the provisions of th~s Sccunty Instrument and the _ ~ute are declareci to be se~erable. ~ 16. E3orrower's Copy. f3orroKer shall be g~ven one confc~rmc~i eopy of the tiote and of !his Securit}' Instrumrnt ~ 17. Transfer of she YrQperty or a 8eneficial Interest in BorroKer. If all or any part of the ProExrty ur an~ : intrrr,t ~n it is u~ld ur tran~ferreci (or if a beneficial ~nterest in Borrower ~s ~Id or tramferrecl and &~rrower is not a natural # ~rr`un? with~~ut Lender's ~nor w•ritten conticnt, Lender may, at its option, reyuire immediatc pay~ment in full of all tiums ; tir~ured h} th~t Secunt}• Intitrument. Howe~er, ihis option shall nor be eaercisrd by Lender if exercitie ~s proh~b~ted hy (rderal law ati ~~f the date ~f this Secunty Instrument. If Lender exertiu~ thi< <?pnun. Lender shall give Borrower notice of acceleranc~n. "The ncz~~ce Shall pr~~tiide a pencd ~~f ne:t Ir.~ than 3G da~~s ~~c~m the ~ate the not~ce is deli~•ered or mailyd w~ith?n wh~ch Rorrc~urr mutit pa} all sum~ secured b~~ th?15e~urit~ Imtrumrnt. If F3arrower fails to pay these sums pnor io the exp~ration c?f th~s ~enod, Lender may ~mo{:e any s rcmrd~e~ perm~tted by thi~ Sc~c:unty Instrumcnt v?•~thout further nntice or demand on E~rreiwcr. ' IS. Borrovrer's Right to Reinstsite. tf IIorr~~wer mcets certa~n cond~uons, Borrowrr shall ha~~e the nght to ha~e enfcsrcement ~~f thit Serunt~~ Intitrument disc~mtinued at an~~ ume pnor to the earher of: (a) 5 day~ (or such other penoci as applicsble iaw ma~ cpec~fy for reimtatementi before sale of the Pro~xrtp pursuant to any ~xiwer of ~ele conta~ned ~n this Serunt~ Inst~ument, e~r (b) enir} of a judgment rnfc~rcing this Srcunty Instrument. Th~ne condit~ons are that Borrower. ; (a? pa~~ Lendcr all tiumti which thcn would be due under this Secunty Insirument and the Note had no acceleration ~ <xcurred: (b? cureti any default of any other covenants or agreements: (c> ~ays all expensrs incurred m enforcing th~s ~ Secunty Instrumrnt, mrluding, but n~~t l~m~tcd t~i, reaw~nable attorneys' f~es; and (d) takes such ~ctiun as fxnder may ~ € reaumahl~~ reyu~re tc~ ~ti~ure that the lien c~f th~s Secunty Instrument, Lender's n~hts in the i'roperty and Borrower's obligannn t~ pay lhe ti~m~ tierured by this Sec.unty Instrument shall rontinue unrhangcd. UEx~n reinstatement by~ He~rrc~wer. t#~i~ Secunt~ Intitrument and the obl+gat~an< <ecureci hereby shall remair fully effccti~c at if no accelerauczn had cxcurred. H~we~er. thi~ nght to reintitate shall not appl~ in .he ratie of acceleration under paragraphs 13 or 17. ~0~ ~GE ~Q,~'~ . ~ ~ ~4~==~~~- ~ - - - --rac x , _ ~ _..R - ~ ~ ~ ~ ~ ~