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<br /> ` ,� rondem�tia�t a otNet takit�g of any piut of thc PropeRY�a for ca►veyancc in lieu of coodemnatia�.as�ti�rctsy aws�ncd�d _
<br /> � sAall 6t paid to L.en�er. . : , .
<br /> In the event pf a twal taking of the Ptoperty. che p�oceecic sh�ll be applied to the sums secured by this Sesurity
<br /> �t�whesher a not then due.witA any eacess paid Eo Bomiwer. in tfte event oE a parti�l taking of tRc Fcopetty in
<br /> ;v�hicri the fair macicet v�lue n�thc Pruperty.irtunediately fxfore the[�icing is equal to ov gre:►ter than the•amuunt of ihe sums
<br /> � stcut�d by thi.v Securitg Insttucilent immediatef�6efore the tal�ing.untes+But�wer and Lender otherwisc agree in writing.
<br /> the swns securtd 6y this Security InsWsnenc sh�116e reduced bY the a�nt of the pracccds muttiplied by the foltowing •
<br /> fractioa� taYthe`tohst atnount of Eitie susm sccurtc!+m�e1Y hef�e ttte taking,divided 6y(bl the fait maricet value'of the .
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<br /> � FropeRy i�sx�iately before tl�e talciti�. Any ba[ance sha�E be Paid to Bortor�cer.�tn the event of a pa�tial taicing of the
<br /> Ptopectyr ut whicb ihc fair market val�se of'the Ptopecty immediatety 6efoie the taking is less than the amount of the sums.
<br /> secured immediately.befae[he ca`icing:untess Borrower and I.ender othenvise agrex in writing or ualess applicab[e law
<br /> �q�p�v��s:tl�e pcace��Sha(�be app��ed Co the sums secured by this 5ecurit}Inshument whether or not the sums.are
<br /> -- — - t1�cn dua. . . _ -- � w nwioa _...- -
<br /> • If the Ptoperty is airutdorted by Bortower.or if,after notice b—y�en to oanwe
<br /> —� -- an awanl os seetle a claiiu for damages.Eurrnwer fails w resgond to Lender withi�30 days after ttie date tf�e notice is giver►. �
<br /> Lender is autfiorized to colkct and appty tt�e proceeds.at ics optian.either to restotation ac repair of.tl�e PtopeRY ar to ihe
<br />- - � sums s�u�ad 6y tdis Security Instrumen4 whether or not then due.
<br /> Unkss Lender and Ba�mwer otljerwise agcee iR writing.anY aPPTic:uion of proceeds ta prinei�rat shafl�rot extend or .:,:::-,
<br /> � ` postpoae.the duo date of the monthly PaY�nents mfeRed w in paragraph4l and 2 or change the amountof$uch paymeau. . ��_�'�°.::;
<br />:#� 11. Borro�er Not`Rek�sed; Farbear�ae Sy l.mdcr Not s� Watver. Extensiaa of tt� Gme�foc paymeat oc �J!.::;:'->`-:..
<br /> - � maifification of amo�tization af the sums secu t e d b y t h is S e curity in s u u m e n t g r�n t e d b y L.e n d et to an y successor tn�n;��_;•i :':`::;:
<br /> • af Bomower shaU not operate to relpse ti�e IiabilitY of the originat Botrower or Borrower's successors u►interest.�t;;'�..`,�.�i:;.;•;•:;':':,�,:,' ----
<br /> - shail not be�q umed ro commence praceedings aa��any succe�sor in intemst or�efuse to eatend cime for PaYr`a�a;�ir:::::.:::::::::• ,
<br /> -otherwise malify sunortization of ihe sums secured by this Security Insu�mertt by n�son of anp demand made by the ori�:;.:';'',;:°`;:>�,�. ----
<br />= gatrnwer or lioaower's saccessors in inteFest Any f�hy�'��eaercising any right or�dy shall not fie'a:::...:::..:.` ";••�
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<br /> _ - waiver of or preclude ihe axencise of any right or remedy. ., , nts q�ihis � — -
<br /> - ,� � 1Z. Succ�ors aad Assi�as Boupd;Joiot aad Sev�al Liab���`v�signe�s. 'fde covenanls and� .. _ _�
<br /> - Security Insm�meAt shall bind and b��fi��sUCCessors and ass�g�"��der and Borrawer,subject to the provisior�c of ����,;;,
<br /> -_ -.. �°� patagraph 17.Bomawer's cbvenants an d agreemen t s s ha l!b e j a i n t a n�,s:,�.r a l.A n y B o t[o w e r w h a c a�s i g n s this Securi ty , t r.;;=r�:
<br /> -•:rlilmmen onl to mo�t e; t and convey tFtat �`_ti:��==:1. _ ,
<br /> -•° insirtunent 6ut daes not eaecute the N�te: (a)is co-signing dvs Seearrty , f Y Sa8 8� °._ :
<br /> �`� ;_j,°� _ Bo�uwer's interest in the Property under thc terms of this Securety lasaument: (b)is not personally obli�;�ted to pay the sums, • . , . .;
<br /> , 'i = ��bJr tf�is Security instrumeiu:artd(c)agrees that Leci�and any other Bocrower may agree ta ext��d.modify.for6ear . :".�.:rl�:;:`
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<br /> ,� �� �i or.a�e any accommadations`•wii"�fi�gard to the teim.ti of ihis Secusity lrutrument.or the Nate withaut that Bo��uer�s �:.
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<br /> �,�,-,` ,`5: , . Tf�-t,��r+�au���b Ihis Security In.nnnr�t is subject ta.a taw which tiety maxim�Toan• �; `
<br /> 13. I.Witt:�argr.�. � Y .
<br /> ; ;� Chazges.a�d��-;�,is�na1t};c�sr•fi:3t[he intece5t ar o[her l�ca charges wltected or ta be milected in connertion "
<br /> � � with the loan er��,�t�e�ur�:�L��?s;ii�u-::ta)anY such loan charge�:311 be reduced by the amauM�necessary to reduce }�, '�,,,
<br /> ;{,� ������tp�,�;.����{b)a:sy kums already callected from Bormwer which exceeded�rtnitted limits wiQ be _
<br /> �"� � • ,refurided to Borc�`�-r. L,etr�'�-3 ettoose to make this refund by reducing ihe principa�pwed under tha Notc or by making a r •,� __
<br /> .�'•�•"'� • '--t;y�= direct paymeat'tk,Boaawer. ifa refund re�ces principal.the reduction��iU be treated•as a partial p�Paymeo[without any •�. a; .
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<br /> �"•�,:�:.••�� r.' V prepayment cti:r�under the Note. . °,� �
<br />'[.•%:..: '..rr •�`•� . Instrumcnt shall be iven b deliverin it ar by .
<br />:-.�rr;:•, F .�� • 14. Notices. Any notice ta Borrower r.�:ovided for in this Sec�:r,"cs=. S 't S .
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<br /> f� mailing it by fir:st class mail untess applicable law rec{uims use of anoti-.:r.:-�ethod.The natice tihail be directedto the Praperty
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<br /> `-'�r4 Adds�.�s or any other address Borrower designates by noace to Lxndei: Any notice ta Lender shall be given by Grst'class .
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<br /> '�_�:.:.. - ma:'�cv l.enderxaddress�tated herein ar any other addres+i.er.�fer desi�:a.es by nmice to Rorrower. Any notice pra4ided for
<br /> �;�,;,.';:" •
<br /> • n in this Secw�.�:'.[r'etrument shall be dcemed to have been givcn to Sasrower ar Lender when.�iven�.c provid��fn this
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<br /> '{�'�'�`; • ParaEraRh• � � _. .
<br /> � �`!�.' 15: Goceeu�Ls�w; Severabllity. Thic Security In+�rur.�ent sh;.`t,be govemed by federaL�a�and the law of the _
<br /> •:�� � ^ jurisdiction in wSt:i�the Property is te�cated. In lhe event that any pro�i�"ran ar clau�e of thic Securii�+instntment or tfie Note . _
<br /> ?�' ��'�'� confliets with applicable laa`.<�:h conflict sha0 nol uffecc other provision�of'thi�Secerity Imtrument�ar the Note���:ch can ' ,.`,:,y,';. . �.�_�
<br /> be given effect w�tt�out tt�u:rfficting pravision. Tc�t hi�.er.d t he prnvi.ions o t t h i� S e curit y[nstzument and the''+ote are � : "=�"`—
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<br /> . declareA to be�.�i�able. ' ' .. , i��—
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<br /> ;7 ' 16. Bo�tr,�n�'s CoPY• BOnnwer�hall bc givcn onc confc�nncd ccl,,of thc N��tr und��f thi�.Srrurity lnstrumcnt. .. :�o,�
<br /> ;''"� 17. 71r�md"ea oithe Property or a BeneQclal lnterest in HareoRes. It'a0 or any part af thu Pa�pcny or any intcrest in _
<br /> ; - :t�' ` • ' ._ -- -
<br /> it is satd or cF:x�::t:srcd(or if a beneficial intere�t in�orrowcr i�sotd or tran.rirrrcd and Bnttoa•er is no1 a natari�crcan► `— Iv�
<br /> i� w�.[�,�.;!Lcrzt�ac prior writruti�:onsent.Lcnder may.at itti c,ptioR rcquire immediatc payment imfulbaf all<um4,�i:ed by , ;;; : :�,.,.�;,_
<br /> dus�:cun"ty[r.;r,�.;<incnt. ECi;ke1-,er.�his option Shall noi t���rerciyed by Lender if exrrci.c ic p�ahihited by fcderaC[a•:v av af -.^� .---�=r=
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<br /> _k�:. � the date af chis��:,::ty ic�u�:.-r.ent. � , • � �: _
<br /> '' '::1:� ' '� •"� If Lcnde�r exi��ixes this aption,Lcndcr�hall givc Borrowcr notice af accelcrau�+n. The n��tiu:•hutl providc u pepod of . .
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<br /> �, •.� not tesv ih�rt 3U da5��front ti;i date ihe n�>tic�i<delivered�u maitrd within a�hich Hormu•cr mtnt�ray:di�ums securr�f by this •
<br /> i`. .f �` 5ecurity Insiru�ne'it. If Bcnu•��cr faits ta�Say�he�c �um�pre��r u+thc cxpiration uf ihi� pc�iud.�t.cnder ms►y invoke nny , .';;�.. .
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<br /> _.. '-;�;.;�; „ • mmedies permitted by this��;rity 4ntitrumcnl withuu�funher natice or dcm:md un Hano«cr. ;'.��i;;;; .
<br /> ' �.;.• 18. Borrow'er's R'�ht to Reinstate. IP Bumnvrr rncrtti certain condilian�. [�arroacr.tih�Sl�havc Ihr righi to have ,�{'.,,`,.'•:�:
<br /> ' •�`�``':��::-� eriforccment af ai�i.Sccurity In�trumcnt di,am�inucd at sm,:tin:c priur u�thc carlicr c�f': 1:�►5 day.Iar sucb mher period as 4 . ,,,
<br /> , •Y - -- � ` Singlc f.�mily..Fannle�1�elFreQdir ttac!�IFURU 11ti'tltt'�ti:Yl'••1'nit„rm C�ncnant� 9'90 �p�i��•1..1 nik�c��� � �
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