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<br /> caidemnation a othe�akinY of any p�t of the Propetty.or tor oonvey�noe in Ileu of coedannuion.�re heeeby awip�ed�nd
<br /> `--- .i�rii i,a�wiJ tv I.uMi�r.
<br /> In the event of� totat uJcln�of the Property,the eds �h�ll be applied to the �ums �ecurc+i by ttif� Secucity
<br /> Inurumrnt,whethGr or not that due. wlth�ny exau pRi to Ekxrnwer. In the event af a patI�i akin�of the Propaty in
<br /> which the fair muket v�lue of the Property immediately bcfore the talcing is equal to cx goeater th�n the�mount of the sums
<br /> rocured by this Security Insuumenl irnmedi�uly beforo tho uking.unlcss Borrower and Lendu otherwise ag�ec in wridn��
<br /> the aum�tocured by this Security Inswment s1uiU be aduced by tha smount af the proceeds muUipUedby the followln�
<br /> -�—�_� fcactiun: (u)the total amounl of the sums securcd immr,diatcly befon:the u►king,divided by(b)the fair marl:et value of the -
<br /> Pmperty immcdiataly bcfore the uking. My balance shall bC patd to Borrower. In the evem af a partiai talcing of the
<br /> Property in which tho fair m�ulcet value of the Hvperty immedi�tely before the talcing is less than thc Amount of the aun�s
<br /> cecured immodiately before the tAking, unless Borrower and Lender othenvlse agrce in wdting or unless applic�ble Isw
<br /> otherwise providos.the procads stull 6e applied to tha sums secnrcd by thi�Secudty Insuument whether or not the cuma aro
<br /> thrtt dne.
<br /> If the Prvperty is abondonod by Borrower.or if,after notice by Lender to Hnrrower that the condemnor of'fecx to make
<br /> an awArd or settls a c{aim for drunAges,Barower fails to respond to Lender within 30 days after the date the notice is givcn,
<br /> Lender is authodud to collect and upply the procceds.at i�s option,cither to restarntion or rcpair of the Property ar to the
<br /> wms secuccci by thic Secur�ty Insteument,whother ar nat then due.
<br /> Unkss Lender and Borrower otherwisc agrce in writtng, any application of proceeds to principal shall not extend or
<br />_ patpune thc due data of the monthly paymcnts rcferred ta in paragraphs 1 anci 2 or change thc amount of such payments.
<br />� 11. Borrawer Not Rekaned; Porbearance By I.ender Not A WAiver. Extension af the time for payment or
<br /> modificatjon of amo�tization of the sums secured by this Security InstrumGnt gcanted by Lender ta any successa in intenest
<br />_ _ _ of Borrower shAll not operute to rcleace thc liability of the original Borrower or Borrower�s successors in interast.Lender
<br /> � ���� eh�ll not be required to commence proceedings aguinst any successor In intercst or refuse ta extend time for payment or
<br /> otherwfse modify amortlzation of the sums secund by this Secudry Insuvment by reaaon of any demand mAde by the original
<br /> Botrower or$arower's successors in intcrest. Any forbearance by Lender in exercising any right or remedy shall not be A
<br /> ______..__ _._.__.___� waiver of or prcclude the exencire of any right ar remedy.
<br />- 1�. Suocessors w�d Assians Bound;Joint and Several Li�bility;Casigaers. The covenants and asreements of this
<br /> Security Insdument shall bind and benefit the successors and ussigns of Lender and Hortower,subject to the piavislons of
<br /> paragraph 17. Borrowerk covenents and ng�ements shull be joint and severul.Any Borrower who co-signs this Security
<br /> insuument but does not execute the Note: (a)i�co-signing this Security Instrument only to mongage,grant end convey that
<br /> Bomowerk inteccst in the Property under the tenns of this Security Instrument; (b)is not personally abltgated to pay the sums
<br /> secumd by this Securiry Insuument;and(c)agrees that Lender and any other Borrower may ngree to extend.modify,forbear
<br /> or make any accomrrwdations with ngard to the tenns of this Security Instrument or the Note without that Borrower's
<br /> �— conscnt.
<br /> „ -___ _. . 13. L.uan Chs�t+c. It the loan xecured My this Security lnstrument ix subject tu a law which sets maximum loan
<br />-r cha�ges,and that law'is finally interpmted so that the intercst or other loan charge�collected ar ta he collected in cunnection
<br />``'�'� � '� with the loan exceed the permitted lirnits.then: (a)any such loan charge shall be reduced by the umount necessary to reduce
<br />;;n�. the charge to the permitted limit;und (b)any sums already collected from Borrower which exceeded permitted limits wi11 be
<br /> — refunded to Borrower. Lcnder may choose to mukr this refund by reducing the principal owed under the Note or by making a
<br />�'� direct payment to BoROwer. If a rcfund r�educes prinripal.the reduction wiil be ueuted as u psutiol prepayment without any
<br />';;:�� '�` � { � p�puyment charge underthe Note.
<br /> 14. Notices. Any notice to Borrower provided for in thi�Security Instrument chall be given by deltvering it or by
<br /> -"� maIling it by first c1ASS muil unless applicable law rcyuires usc of another method.The notice shall be directed to the Property
<br /> Addness or any other address Borrower designatex My ootice to Lrnder. Any notice ta Lender shAll be given by first clASs
<br />�� mail to Lender:s address stated herein or uny other nddress Lender dr,signutes by notice to Borrower. Any notice provided for
<br /> In this Security instrument shall bc dcemed to h:�vc lxen given to Borrower or Lender when given us provided in this
<br /> - � ara ra
<br /> ' t�%:�u,• p g15 Gavernin� Law; Severability. This Security Inxtrument shull be govemed by federal law and thc !uw of the
<br /> jurisdiction in which the Property is laated. In the event that uny provixion or rlause of thiti Security In.trument or the Note
<br /> ��, � ..� conflicts with upplicable luw,such conflict shull not affect�ither pn�vizion�of this Security Inxtrument or the Note which can
<br /> . -w.�ear.�h ��e
<br /> , �r�;; ._ be given effect without the conflicting provisian. To this end the provixion�of thi�S�curity Instrument und the Note are
<br /> w ^��'k ' declored to be scvcrable.
<br /> ' �� 16. Borrower's Co Borrower shall be rven onc confittmed co of'thc Note und ot�thi�Securit Instrument.
<br />- � wr.. P3% R PY Y
<br /> �,�+. 17. 'Ilransfer of the Property or a Beneflclal lnterest In Borrower. If all or any part c�f thc Property or any interest in
<br />• it is sold or trancferred (or if a ix��eficial interc,t in Borruwcr i,.old or trantifcrrcJ and Burruwer iti not �naturul person)
<br /> without Lender's prior written consent.L.cnder muy,ut its uption,reyuire immediate payment in full of ull sums secured by
<br /> - - � this Security Instrument. Howcver,this option shull not be exercised by Lcndcr if exercise is pmhibited by fcdentl law aa of
<br /> ��:ti J.
<br />--- ----�M,'� the date of this Security Intitrument.
<br /> - - , , If Lender exerrcixes thi.option, L.endcr shull give Borrower notice of uccrlerutiun. 'i'he notire xhall provide u period of
<br /> _ '�'�•"��,' not less thun 30 days from the date thr notice is delivcred i�r mailed within which B��rmwer mu.t pay all�ums xecurcd by this
<br />_.--�:::�::r>:.. ry p•y r r� � y v
<br /> ,��, - Securi Instrumcnt. If Bortower fails to a thru sums rior to thr cx irution of thi+ ricxi. Lender mu invoke an
<br /> �� ^'—���j,y. remedies peRnitted by this Security instrument withaut furthcr notice or demand on Borrowcr.
<br /> �'�'•,t �°- . 18. Borrower's Right to Reinstate. if Bom�wer meMx cert�iin conditicx�s, Borrower zh•rll have the right ro have
<br /> _�=�„�.�� enforcement of this Security Inxtrumeni dikontinucd at uny time prior t<i thc rarlier of: (a)5 duys(or such other period ns
<br /> `i;�
<br /> " Singk Family••Fannk M�dMYeddk Mrc UNIFORM Ihti1'RUNENT••Unikxm Coven�ntv 9190 (�x+ge I nJe p,��es�
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