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<br /> condcmnritian or other tokinQ of any psut of�ho Propcny.or for convoyance in Iku of c�idc�mn�t'ion w��c7►ercbY�x�ncd�nd
<br /> l �holl bc pald to LcndK.
<br /> - In tha event of n tc►tal teking of the Properly. tho pmcee+lx c+hull be npplied ro the sums xecured by thiti Security
<br /> Instrument,whether or not thcn due,with ony excexx pafd ta Borrower. In the event of o punial�aking of thc PrapertY in
<br /> which the fair markel vuluo of thc Pmperty immedfutely beforc�hc tal�ing ia equul to or grcu�cr ihun the umount of the xumx
<br /> xecurod by Ihis Secu�ity Instrumen�immediately Ixfore thc tuking.unlcxx Borrower and I.endcr atherwir�e ugrce in w�i�ing,
<br /> the sum� Rccur�d by this Sccuriiy instrument�holl be rcJuccd by Ihc amount af ihe procecdR multfplied by thc following
<br /> - ' fraction: (a)the wtal amount of tiw aumx�ecured immediately befom Ihe�aking,divided hy(bl thc fair murkct value oP Ihc r
<br /> -- Propeny immediately bcfcun the taking. Any balance nhall be paid tu Barrower. In the event of A purtful taking af the
<br /> Pruperty in which tho Pafr miukct vulue af Ihe Propeny Immediately before thc taking is lesc ihan thc umuwn af the sums
<br /> Kecurcd immcdiately beiore thc taking, unlcss Borrower and Lender othervvise ugrec In writing or unle�s applicable luw
<br /> otherwfse provides.the prnceeds Rhall be applicd�o the sums xecured by this Sccu�ity Instrument whelher or not�he sums arc
<br /> then due.
<br /> If Ihe Property is abnndoned by HoROwer.or if.after notice by Lender ta Rorcowcr that�hc candemnor affcrs to makc
<br /> -`°-° `° '`� an uwurd ot settie n clnim far damuges,Borrawer fuils to respond to Lender wlthin 30 duy�:nfter the dale the natice is given, _
<br /> a,;_,,�:� Lender is autharized to collect and apply thc praceeds,at its option.either to restoratian or repair of the Propeny or to�he
<br /> •cnc�
<br /> ., sums secured by this Security Instrument,whether ur not then ue.
<br /> '.'��� Unless Lender and Borrower otherwise agree in writfng,uny upp�ication of praceeds to principnl shall nat extend nr
<br /> _ `,�=;c�
<br /> '::�:� postpone the duc dnte of the manthly paymentw refemed to in puraga+phx 1 und 2 or changc ihe Amount of such peymenis. �
<br /> -•ri�� � 11. Borrower Not Releasedi Forbearance By I.ender Not a Waiver. Extensian af the tiine for payment or
<br /> - madificatiun of amartization of the suma secured by ihis Security Instrument gmnted by Lender to any succewsar in interext
<br /> °�� of Bormwer shall not operute to releasc the liability of the origlnul Boirowcr or Borrower's succegtior�in intereat. Lendcr
<br /> �..:.r-::,
<br /> •�'�� shull not be required to cammence proceedings ugainat any successur in interes�ur refu�se to cxtcnd time or peyment or �
<br /> `-'''''' othenvixe modify amortizution af[he sums secured by this Securiry In�trument by renson af any demand mude by the originnl
<br /> -;:;}Jr Borrower or Barrower�succe�ror5 in?nteregt. Any forbearunce by Lender in exercixing ony ri8ht ar remedy shall nat be a
<br /> -- -_';,"� weiver of or preclude the exercise of any right or remedy. __
<br /> ,- , 12. 3uccessora and AssiQns Bound;Joint and Several Liabiflty;Co-atBners. The covcnants und ugreemema of ibix _
<br /> '�dL�`_ ,�� Seeuri�y Instrument shall bind and beneFit�he xuccegsors und assignw of Lender and Barrower,tiubject to ihe provi�iom of
<br /> parogrnph 17. Borrower's covenunts and ugreements xhull be joint und xeveral. Any Borrower who co-signs this Security
<br /> '�:•_� Instrument but dces not execute the Note: (a)is co-�igning this Security In+trument only to mortguge,gr�nt nnd convey that
<br /> -- "- Borrower�interest in the Propeny under�he terms af thiti Security Inalrumenr, (b>is not perxonally abliguted to puy thc sum�
<br /> �;:� tiecured by thiR Security Inslniment;and(c)agrees thut l.ender and uny other Barrower may ugrce to ex�end,modify,forbeur -
<br /> �{ or make any nccommadations wilh regard to the tetmx of this 5ecurity Instrument or the Nate without lhat Borcower's
<br /> ,� conscnt. _
<br />_��., t3� l,osa(:ls�rges. !f tht !oull �ert�rrd hy this Security Inxuumcnt is rubjecl to a law which net� muximum loun
<br /> v; charges,und thut law is finully Interpreted zo�hat thc interext ur athc:r loun churges cullected or to be coifected in cum�ciiwi
<br /> �E" � with the loan exceed the permitted limits,then: (u)any xuch loan churge shull be rcduced by the umount necessury to reduce
<br /> „��:�r, -.
<br /> the churge to the permitted limi�; and(b)uny sums ulrcudy callected from Bormwer whirh exceeded�xrmiued limits wi
<br /> --�,�; refunded ta Borrower. Lender muy rhaoxe ta mnke thls�efund by reducing thc principul��wcd undcr the Natc or by muking a
<br />-��. -,��t�;�, direct puyment to Burrower. If u refund redures principnl,the reduction will b�:treuted ax n purtiul prepuyment without uny
<br /> ��f : prepuyment churgc under�he Note.
<br />�•�,<<,�;::;�� lA. NoUces. Any noticc to Borrower provWeJ tiir in thix Scruriiy Inx�rumenl+hull bc givcn by delivering it or My
<br /> �•"'��" �` muiling it by firat clu+s muil unknx upplicuble luw rcquircx u�c of uno�hrr method.The naticc,hull be Jirectrd la tl�e Pmpeny
<br /> r�"�,;�%. Addres�ar uny other ixldress BoROwer de+ignale. by notice ta LcnJer. Any noticc�u Lender tihull be given by firxt cluxs _
<br /> muil to Lendc�'.s udJn:tix rtu�ed hcrcin c►r nny other uddress Lender dc�i�tnatex My noticc�o B��rrowrr. Any nnlicc pruvidcd f'or _
<br /> ;r�;.� in thix Sccuriry In,trumcnt ,hall I+c dremed tn huvc txen given to eorrowcr or Lendcr when given us provideJ in thix
<br /> �:��.
<br /> ,..4.�_t� purogruph.
<br /> --� l5. Governing Lpw; tie�erablllty. Thi+ Sccuriry In.�rumem xhall lx �tnvcrncd by fcderul law und thc luw af the
<br /> ,__����.��.. jurisdktion in which the Pn►peny is kxuted. ln�hc even�thut uny prmitiion or cluu�c of�hix Serurity Inxtrument ur�hc Note
<br /> - - conflicts with applicuble luw,zuch conllict shull not nff'cct u�her pruvitiion�oi'ihi,Sccurity In.trunwnt or thc No�e which cun
<br /> �,:4' , be given effect without the rontlicting prnvision. Ti�this end the provi�iuns ot'ihis Securiry Inxtrument unJ Ihe Note ure
<br /> _'`". declurcd to be xevcmblc.
<br /> "-���° • . 16. Borrower's Copy. Borrower shull bc givrn onc ronl'orn�ed capy of thc Nut�anJ ot'�hix Sccurity Inx�niment.
<br /> '�"�.."'�` 17. 'llrons�er of the Prnperly or a BeneOcial Interest In Burrower. If all or uny purt���thr PmpertY or uny intcrest in
<br /> _ _z� ..
<br /> --�.'����,.;..; it ix sold��r t�unxferrcd I�x if� benrliclul imerest in Born�wer is,old or cramferced und BuROwer is not a nuwru pcnon)
<br /> .:-:�� � without Lender+prior wriuen coment.Lendrr muy,+it it.option,rcyuin immcdiutc puynxm in full of ull sums secun:d by
<br />=T=-�•• -` �his Securi�y Instrument. Howevcr,this optfon�hull no�1�cxerciscd by Lendcr if excrcise i�prohibited by fcderul luw ur nt
<br />�'��`';` �he dute of�hix Securiry Intitrumen�.
<br />,. , _. .,.
<br /> �1���,y.,'__ If Lender exereise�this optian,Lendcr whull give Borrower nwicr ot'ucccica�iun. Thc nutirr sh�ll pravide u perial of
<br /> e
<br /> ;s�.'�;:"{,. n��t lesw tBan 30 duyx from thc da�c Uic�w�icr i.Jclivcred or muitcd within which Borrowcr mu+t p+�y ull sum+secured by this
<br /> ,_ ,�.:�••.: Security Ins�rument. If Borrower fuil, ti�puy thc.e sums prior w ihe cxpiru�iun uf this periai, L�nder muy invoke uny
<br /> � rcmcdic+permittcd by thix S��curiry Instrument wi�hew�I'unhcr nuticr or demimd on Hurru�cer.
<br /> ' '' 18. Borrower s RiRht to Reinslute. It' Borr��wcr mect+ certuin canJiti�m�. Rorn�wer >hull huve Ihe righ� w huve
<br /> enfwrement af'this Securiry Instrument disrunlinurJ:n any timr priur tu thr rarlirr ut': I:U 5 di�y+Inr�uch ulher pericxl u�
<br /> � Sin�tk F�xnil�•--tunnle�tadFreddfc�fLCI�NIFI1R�11titi'1'Rl'NF.ti'f•-l4id��nuc'uveauN. 9/911 �p�iuel n�o��,�Kr.0
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