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<br /> . ���!t�kirq oY�oy p�rt ot ttM A+operty�or!or canvey�aa M liw 4f oo�AMMMia��w Mllr��ulpMd Iw
<br /> _ — _ In 11M wait o( �t bmt hlcin� of the Propaety. Ibep�o�d� dNll 6e applhd W tM waM M�wrd Ny li* �Olrl� _
<br /> Lutnm►en�.wlwtha or na then due.rvith�np e�au pait(So Hamv�. In eM evait at�prtW akMy d�M l4o�wty b
<br /> whidi the hir m�rioet v�lue ot ehe Peope�ty imnbdi�tely befa+e dN hlcin j 1�eqwl to a pwbr qMn IM�ount d tfir ti�
<br /> �ecuad by thu Securlty Insuurr�ent inlmedl�tely befom the takin�, unk�Borcnwer�nd Lendo�oth�rwl�e yriw N wrlti�y. .
<br /> the sum�,bcured by tt�Security tnsa�umenc,hatt be roducod by the amount d thepro��muNlplB�dby dM Ibllowln�
<br /> fr�ction: (a)the toW amount ot tbe wms�ecurod immediuely befare the Wcinj,dlrltl�d by(b!NM hlr m�ticrt wlw ar tM
<br /> Pf�upcxty L�uncdiaicly bafore tlw twL:In�. Any bwluic;o st�all be pyid w Borruwer. In ttw�vwd ut w prrilul ir4i�y{ui IIw
<br /> Propetty in which the fiir rrw�ket valuo of the Propetty immediuely befae the uldn�Ir 4w thm th��nww►t af IM wnM
<br /> ucured immediately befa+e the ukln�, unleRa Bomower �nd l.ender otherwi�e yr�a i�► writin�ar unM�s �pplk�ble law
<br /> otherwise provldea.the proceeds�hall be applied to the wm��ecurod by th4 Sa�urlty InehumeM whiNiMr ot not Ih�wmN w
<br /> then due.
<br /> If tho I►ropeRy is�bandaned by Borrnwer,or lf,sfta•notice by Lendec ta Barmwer tlwt tho caxbmnar aKon tn m�ke
<br /> ' an awa�d or aeuk A claim ford�ges,Borrower frils w recpond to Lender within 30 daya�fter the d�e ths talia l��Iv�,
<br /> , • I.a�der la authaized ta collat and apply the procoeds,At ita option.either to rauaration ar roprir nf thn Proporly ur to ttw
<br /> itwns secured by tbis Se.�urity Insuument,whether ar not then due,
<br /> , Unleas Lendcr and Bonower otherwlse ngrec In writing. w►y aP IicaUon of pracoed�to prtncip�l �hail not extend ar
<br /> ' poatpone the due date af the monthly payments rcfemod to in para�raphr 1�nd 2 or change tho amourtt of�uch p�ymenir.
<br /> � 11. 8anower Not Released; Fbrbearance By Leader Not a Widrer. Extenaion af the tlme tor p�ymeM �x
<br /> �-- moditication of amortlzadun of the sums secured by this Security Tnatrumont�rartted by Lenckr to�ny eurced�wr in inlero�l
<br /> � of Barowu sluill not oparate to release the liwbility of the orig{nel Bc►rTOwer or Borrower9 succe��orn in inGeroW. Land��
<br /> ; shsll not be required to commence proceedIngs against any successor in intercst or rofuse ta extend tlme for pRyn�enl or
<br /> i otherwlse modify amortization af the sums secured by this Security Inadument by rew�on of any demand m�de by tha cxi�lnal
<br /> ' Borrower or Borrower�a auccessors in interest. Any forbearance by Lcnd�r in exeroicin�any ri�ht or remedy�ull not be•
<br /> � waiver ofr or pnclude the exerclse of any right or remedy.
<br /> � 12. Successor��nd Aui�ns Haund;Joint and Several Liabtl(ty;Casi�net�. The covet►u�tx ond r�reotnentr uf thir
<br /> Security I�shument shall bind and benefit the successors and assigne of Lender And Borrower.subJect w ttx proviaian�of
<br /> , paragraph 17.Borrower�s covenents and agreements shall be joint and several.Any Borrower who co-ei�ne thi�Security
<br /> Insqument but does not execute the Note: (a)Is casigning thi�Securlty Instrument only to mortga�e,�rant Mnd canvGy th�t
<br /> _ Bortower'a inurest in the Pcoperty under the terms of this Security Instniment; (b)!�not penionxlly abliQxted tu pay the rumr
<br /> � secured by thie Securlty lnstn�ment;and(c)agrees that L.ender and any other Borrower may�Qroe to extend,modify,focbeu
<br /> or m+ikke any nccommodAtiona with rogard to the tcrms of this Secudty lnstrument or the Note wlthou► that Borrowerti
<br /> � consent.
<br /> ' 13. Loan CNarges. If the loan secured by this Secudty In�trument in subJect to u law which sets muximum lown
<br /> _ charges,end thAt law i�4in�Ay;at�rl.,r�t�so thnt s!M intcrest or otlier loeen chnr;es zo!lected as!0 4x ca!lects�fss consxc!lass
<br /> � wlth the loen cxceed the permlited limits,then: (a)any such loun churgc hhaq bc rcduced by the wnount necexxury tu rcduce -
<br /> ; the charge to the permitted limit:and(b)any sums already collected from Borrower which exceakdpermitted limits wlll be
<br /> I rcfunded to Borrower. Lender may choose tn muke this refund by redueing the principul awed unde�the Note or by m�IcinY u
<br /> I direct paymant to Borrowcr. If a refund reduces principnl.the reduction will bc trcated�s a punial prcpuymcnt without any
<br /> � prepayment charge under the Note.
<br /> 14. Notices. Any notice to Borrowcr provided for in this Security Instrumcnt xhall br given by J�Iiveriny it or by
<br /> �I mailing it by first class mail unless upplicable luw requireti use of another method.The ncxice shall be dir��:tcd to the Piraperty
<br /> Address or uny other address Borrower designates by noticc to Lender. Any cu�ticc to 4en�kr shull be givcn by flnt clu�z
<br /> �� mail to Lenderh uddress stated hercin or uny other addmss Lende�dcsignuteti by ncuice to Bnrmwer. Any notire orovicitd fctt
<br /> _= in this Security Instrument shull be deemed to have been given to Borrower or Lendcr when given ua ptuvided in thir
<br /> ____,_ryA paragraph.
<br /> 15. Coverning Law; Severability. This Security Imtrument shiill bc govcrncd by fcdcrul luw und thc luw uT thc
<br />"`�''=�°��'::� jurisdiction in which the Property is lacated. In the event that uny provision or cluuse of thi.Security Instrument or thc Notc
<br /> - �-•�"''�""� conflicts with applicable law,su�h confltct shall not affcct othcr provisionx of thix Security [mtrumrnt nr tlx Notc which cun
<br />"�'""`� "�'` be rven effect without the conflictin rovixion. To thiti end the rovisions of this Securit Imtrument und the NWC urc
<br /> ..... �:.._. �� 8 P P Y
<br /> -��+�...::-- declared to be severuble.
<br /> ^�.� � ' 16. Borrower's Copy. BoROwer shalt hc given anc rantonned capy of'thc Notc and uf this Scrurity In.trument.
<br />'�`�:� . . 17. 71�ansfer of the Property or a Beneflcial Interest in Borrowec If a�l��r any part of the 1'ru�xny or uny interc�t in
<br /> - • It is sold or transferred(or if a beneficial interetit in Borrowrr is xe�ld or tramtcrrrd and Horr��wr�i+nut s� niiturul �xrum)
<br /> r- � •` without Lenders prior written consent,Lender may,ut itz optiun,rrquirc immrdiate p•ryment in full of:dl�unts�crured by
<br /> F�'�''�'-`: -`� this Security Instrument. However,this option shall not bc:cxcrcised by l.endrr it'cxcrcixe i.prohibited by feJcrul luw u�of
<br />`- = �= r`��" the date of this 5ecurity Instrument.
<br /> 't_.:- ��...- If Lender exercises this option,Lendcr xhall givc Bormwer noticc of acrrlcrutiun. Thc nutice shull providc u�xri�xf of
<br />:-,-��,' ,. not less thun 30 duys from the date the noticc is delivercd or muilcd within wNich Fic�rru�ver mu,t pay all.umti Kcurcd by thi.
<br /> Security Instrument. If Borrower fails to p�y thesc sums prior to thc expiration uf thi+ peri�xi. Lender muy invokr uny
<br /> `•=-�'`��`� � � remedies permitted by this Security instrument without furthrr n�nicc or domund on Hom���cr.
<br />_ �"'' '!""' IS. Borrower's Right to Reinstate. If Borrower merts crrtain conditiun,, 8orrower shull have th� ri�ht tu Duvr
<br /> �'`"`,s���n�" enforcemant of this Security In�trumrnt discantinued at any time prior tu thc rarlirr�it': (u)5 duys Ior�uch ather prriixl u�
<br /> .. . 5infle Frmily..FAnnlr Mae/�eddk Mx I;NIFURM INSl'RUMF:N7'..Unitarm Cuvenrnn 9/9D Ipug�•1��/n��uKeu
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