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<br /> '�� �` ° � condemnation or other tuking of t3ny part of the PropcRy.or for conve�actce in(ieu of condemnation.are hereby assigned aad _
<br /> � • ', ' sha11 be paui to Lcrtder. • . `�',
<br /> tn the event of a total 4aisir�g of the Froperty.the pmceeds shali be applied to the sums secured by this Securiry • ;'��° �:
<br /> " � ;,�^� ` �: � ..
<br /> _ ' Jnstnunent.whether or�ot then due,with any.cxcess paid to Borrower. in th�Pvent of a p�rtial taking of the Property in �•
<br /> ��'� whicb the fuir market vaiue of the Property immedintely before tt�e taking is equal to or greater than the amaunt uf the sunns r
<br /> - --- ��yy t�s�Sricy Ins�tt immediaicly before the talcing,unIess Boaower and Lender otherwise agree in writing,
<br /> `• �.� ' the swns seciu�ed by this Security Instmment sha116e redaced by the arttount of tfie proceeds mWtiplied 6y the foltoaring
<br /> � fraction: (a)the total amaunt of the sums secured immediacely befare the t�icing.d'ivided by(b)the fair market value of the ,
<br /> � pivpe�ty immediatety before the taking. Any balance shall be paid to Boaower. In the event of a partiat taking of the .r �' �
<br /> - -.,, � :',• • P[operhr in which the fair market vatue of tbe Property immediately before the taking is iess than the amaunt of the svms
<br /> - ' ,, :�.. secured immediately before the tatang.uniess Baaower atid [xr.der otherwise agee in.writing or unIess aPPlicabi� taw .
<br /> , .� otRerwise provides.the proceeds skall be applied to the se�ms secured by this Security insuument whether or not the sums are ! _ _
<br /> Y�� " ��' .. . � • thendue. . `_
<br /> {:� ;.��••. • If the 1'roperty is abandoned bq Boirower,or if.after notice by Lender to Borrower that th�coademnor offers to make, �� °
<br /> `'•�- '� _���� � an award or seute a ctaim for damages.Borrower fails to respond to Lender within 30 days after the date the rtotice is given, ;x_'_{r,�
<br /> . � Lender is authorized to collect and apply the praceeds.at its c�p6on,either to restotation or repair of the Property or to the <=:,�_
<br /> < ,: ,.�..:':'. •:',�` s�umc secuced by thu Security�nstrument,wkether or not then due. � :=- . "':
<br /> _ , ,`^` Uniess I.ender and Borrower otherwisc agree in writing,any application of pcnceeds to principal shall not extend or 4`.,�-�_;,-_,T
<br /> � ' postpone the due d�te of the monthly paymenu ceferred to in paragraphs I and 2 or change the amount of such paymeats. ; .���-_:
<br />`i'. �- 11. Borrower Piut Reteased; F b r b e a r a r tce By L ea der No t a W a i ver. Extension.af the time for payraent or ____:
<br /> • cnodlficarion of arnort�zation of the sutns secured by this Security lns�ent granted�y Lender to any suecessor in intetest '- `'
<br /> .___. h,� of Bormwer sha11 noi opetate to�tease the liabiltty af t�te originu! Bomo�ver or Borrowpr's successors in inte�est.l.ender �
<br /> i �=
<br /> • . shall not 6e required to commence Qroceedings against any successor in interest oir iefuse to extend ame for payment or
<br /> -- � otherwise modi5+amortizaaon of the sums secured by this Securiry Instrument Isy reason of any demand made by the ong�nal � �`j;
<br /> .�rt`' Barrower or Bmmwer's successors in inten:st. My forbeatance by Leader in exencising a�►y sight or remedy shati not 6e a
<br /> ' � ' waiver of or pneclude titis eaercise of any ri g ht.or sem e dy.
<br /> � ' 1Z. Snocessors and Assigns Bottnd;.Ioin4 and Several Ltability;Co-signers. Tt►e covc�ants and agreemenu of this • f ---�T,?._,:
<br /> • ' �y"" � Securi Ia�strurnent sfia116ind and benefit t6e saccessois�►d assigns of i.ender and Borrower.subject w the pcovisions of , 1�.�� ;'''-
<br /> � • rc V'1 paragraph'17.Bomnwer's covenanu and ag�ements shall be joint and severat. Any Bormwer who co-signs this Seciuity w``;-
<br /> Insm�meat but does not execute the Note: (a)is co-signiag this Secaricy Instnunent onty to mortgagg,grant and convey thar ;�;y_
<br /> '� . . � Borrower�interest in the Property under the terms of this Security Insuumen� (b)is not personaliy oDligated to pay the sums . �.,i`,�-;.
<br /> • . �'�� secaced by this Security Insmimen�and(c)agrees that Lender and any other Bonower muy agee to extend,mudify,forbear _ �;,t��::
<br />��,�.',;�-',.�. � � or make any accommodaucros with regazd to the terms of tRis Security insawnent or�t►e Note without that Bmrawer� ;,��
<br /> � ' '.' consent • �`',�- _�
<br /> &,`�`` • 13, Laan CHarge�s. If ahe loan secured by this Security Instrument is subject to a law which seu maximum loan , �';;
<br /> cf►arges,uid that law is fina3ly interpreted so that the interest or other toan charges coltected ar.to be ealleeted in eonnecuon .�_:��_
<br /> �:-: .,: su harge shall be reduced h the amouut necessary to r�c.ze ��,.�:..
<br /> �s, • � '•'::� ' with the loar�exceed the Qermitted limits.then: (a)any• ch!oan c Y
<br /> �;`"'' - • the charge to the permitted limit;and(b)any sams a[ready colIected from Bomower whicb eace�ded pe�mitted limiu w�l be ���
<br /> .�� � �� refunded tb Borrower. Lend�zr may choose to make th�s refund dy reducing the principal owed under the Note or 6y mat�ing a • � �",:-
<br /> ' . �� dire�x payment to Borrower. If a refund reduces principal,the redaction will be ueated as a partial prepayment without any . ��vs
<br /> , �4 . prepayment charge underthe Note. -•',
<br /> . {: 14. Noiices. Any norice to Borrower provided for in this Security Inswment shall be given by delivering it ar by �- �,: ...
<br /> _ .,° mailu��t by first class mail unless applicabte law requires use of another meihod.'fhe nodce shall be directed to the Property �_Y ____
<br /> � :� Address or any other address Borrower designates by notice to Lender. My nodce to Len3er shall be given tsy first e�ass � s__
<br /> - � mail to Lender s address stated herein or su�y other address Lertder designates by norice to Borrowe[. Any norice provided for � _
<br /> ��' in this Security Instr�mcnt shalT be deemed to have been given to Boirower or Lender when given as provIded in this
<br /> �` . . r p��Ph• � `:i 9�
<br /> ��. �� � .+. 15..Goveraing Y.aw; 5everabillty. 'i7�is Security Instrument shall De govemed by federal law and the law of tRe �. _:�_,,
<br /> ��. • ' ' jurisdiction in which tlse Property is Cacated• in the event thut any provision or clause of this Securiry Instrument or the H2ote _
<br /> F�� : .��''t�" ' conflicts witb appticabte Iaw.such conflict shalt not afiect other provisions of this Securiry instrument or the Note which can
<br /> ,n. , � .. . ,� �'..�.;_.x-
<br /> _ � �:.�;, be given effect witiaont the canflicting provisie�. 'Ib fhis end the provisions of this Security Insuument and the•l�iote ate
<br /> • declared to be severyL�e.
<br /> l ' � ' 16. Borro�¢r��opy. Borrower sha13 be�iv�n one conformed copy of the Note and of this SccuR�y Ta�strumen��• _
<br /> ��.."�� ' . � !7. 'IY�atasfer of the Property or a Beneticiat Interest in Bo�rower. If all or any part of the Property or any interest in .
<br /> � it is;cT_d or transfemzd(or if a bea�cial ir.tbrest in Borrower is sold or transfemed and�qr�ower is nat a natural pezson)
<br /> ''z'`.• • � without Lender's pror written consent,Les:der may.�t its option.require immediate p�yment in full of all sums secvred lry
<br /> '.t - . this Security Insmc*.n�nt. However.this opsion shall not be exercised by Lender if exerc�se is prohibited by federal taw as of ,
<br /> �+ the date of this Security Insuument. '
<br /> �'=�` �• ' � � If Lender exercises this optior..Lender shall give Borrower notice of accelerauon. The noGce shall provide a period of . - --
<br /> �. � • � �• not less than 30 days from the date the notice is delivered or mailed within which Borro�ver must pay all sums secuced by this . .
<br /> ` � Securiry tnstrur►ien� If Borrower fails to pay these sums prior to the expiration o�'this periad. Lender may invoke any , .
<br /> ',,; remedies permitted by this 5ecurity 1nstlument without further notice or demand on Borrow•�r_ .
<br /> ' � 18. Borrower's Right to Reinstate. if Borrower meets certain conditions. Borrower shall have the right to have .
<br /> - .: . . .., enforcement of this Securiry Instrument disccr_ur.aed at any time prior to the earlier of: (a)5 days(vr sueh other period as . .
<br /> ' • _ Singte Family••Fanate NIae1F1'eddie lNae UNIFORM INSfRUMEN'i'--Uniform Covcnaats 4l90 /page 4 njb pageal
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