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<br /> condemn�tkm or other talcin�of�ny p�t of the PropoKy.a for vonvey�na ip Ileu ut c�ndaan�lioe.aro haroby eul�p�od+u�d � .
<br /> ' riudi be prW tu Lx+�r.
<br /> In dx event of a toul t�kinj of the Propetty.thc prooeai�dt�ll be applitai to�he �ums recurod by thiR Securiry
<br /> Insuument,whether or ncx thett due,with ury excea,r p�i6 to Bonowcr. In�he event of+�p�rtial akin�ot tho Pmpetty in
<br /> which the fdr muket vdue of the Property immediakly befcm the t�kinQ ix eyual ta or�rc�ror tFw►tha otaunt of Uie sums
<br /> -- �ecural by ihis Security lnsttumens immediate!y 6efae the tekin�,imle,x B�mwer wxi L.e�xiar��herwise a�rce sn wdtinE,
<br /> the wrtu�ecured by Ih�s Sxurity lnstnmic�u sh�ll t�e rcduced by the amounl of the proceedr tnultipliod by the tollowin�
<br />-�.� frectinn: (a>the total�+nount of the sums�Recu�d immodi�tely befi�e the aking.divided b�(b)the f�ir mulcet value ot the
<br /> Pc+opeRy imnxdiately Ixfo+�tht t�kin�. Any bafwticc �hall b�:paid ta Barrowe�. ln thc cvcnt of a panial takinQ of the
<br /> Pr�qx[ty!n which tht,fwir tnarket value of the PropeRy immediately before the taking is lo�s than thc�unount af tF�e�ums
<br /> �ecurcd immediately befae tha taking,unlexs Bwmwer wxl Lender aherwis�s agrcc In writin�ar unk��pplicablc law
<br /> otherwise provide9.tha proceodr rhtll be appiiod to the wms sxuoed by this Secu�iry Inrtrumcn[whctl�cr�r not the cum�uo
<br /> then due.
<br /> If the P�nperty is abandoned by Borr�wcr.or if,ufter notice by lxnder to Aamwer thut the candcmnor offen to makc
<br />-- an awud or settk a claim for damages,Bormwcr fAilc to rcspond to Lendcr within 30 days�Rcr the date the notice is givcn,
<br /> Lender is authorisod to collect and apply the proceeds,at its option,either w reuoration or rcpair of the Pro{xrty or to ttio
<br /> wms secuad by tNis Security Iastnunent,whethe►or not tixn due.
<br /> Unkss Lendcr and Bcxrower otherwihe agrce in writing,any upplication of procee��s to principal shwll not extend or
<br /> po�tpone the due d�te of the monthly payments refemed to in paragcaphs I and 2 or changc the amount o6 such paymeryts,
<br /> 11. Borrower NW Rdeased; Farbeu�aa By Leoder Not a Watver: Exunsion of thc time for payment or
<br /> � modification of wnatizution of the sums securod by this Security[nnlrun�nt�nted by l.ender to uny successor in intercst
<br /> of Bormwer shall,noc aparuc to rckusc the liability of�he original8ocrower or Borroweric sucassocs in ir�teiest.i.endcr
<br /> �--�--- --- ih�ll nc,t be ra{uited to commence proceedings ag�inst any sucressoc in inter�st or refuse to extend Ume for payment or
<br /> othenvise modify antottizudon of the sums secured by this Security ln�trument by muon of any demand made by the original
<br /> Bortower or Bormwor's successars in intenest. Any forbeuance by l.ender in exercising any r�ght or remody shall not be st
<br /> waiver of or prcclude the cxet�cisu of any right or remedy.
<br /> -- 1Z. Successora smd Assi�ns Bouad;Joint pad Severnl Liability:Casig�ers. 'ibe covenants and agreements of this
<br />, _� ..� Security Instrument shall bind and benefit the successors and nssignF of I.ender end Borrower.subject to the provlsions uf
<br /> - pazagraph l7.Bocrower iv covonants und s►greements shall be joint and sevecal. Any Bprrower who co-signs this Security
<br /> Instrument but does not execute the Note: (a)is co-signins this Security lnstmment only to mortgage,grant and convey that
<br /> — — Bomower's intercst in tt�e Proparty undec the terms of this SecurIty InM�utnent;(b)is not personully obligated ta pay the sums
<br /> - securcd by this Security Instrumen�and(c)agnees that Lender und uny other Borrower may ugree to extend,modify,forbear
<br /> or make any accannwdations with rtgard to the tertns of thi� Security Instrument or tha Note without that Borrower's
<br /> - —= concent.
<br /> 13. I.oan Chsrges. [f the loan secured by this Security In�trument is subject to a law which sets maximum loan
<br /> charges,and that law is finaUy interpreted so that the interest or othur ioan chuges coilected or to be coiiected in com�tiu��
<br /> - with the loan excaed the peRnitt�d limits,then: (a)any such loan churge xh:�ll be reduced by the amount nacessary to reduce
<br /> „ the charge ta the permitted limit:and(b)any 4ums alrepdy collected frorn Borrower which exceeded permitted limits will be
<br /> '��,,-'s�.� refunded to Borrowor. Lender may choose to make this mfund by�reducing the principal owed under the Note or by making a
<br /> �h�;;sk di�+ect payment to Borrower. If u refund reduces principal,the reduction will be trcated us a paKial prepayment wjthout any
<br /> , ��;':1.�• prepaymeni chntge under the Note.
<br /> . �rl��" 14. Notk'�s. Any notica to Borrower provided for in this Security Instrument +hall be given by delivering it or by
<br /> � r?wi,�' ,, mailing it by first class mai�unless upplicuble law reyuire.u.e of unother method.The�oticr shall be directed to the Praperty
<br /> ..t�. .
<br /> � � 4 � �:j"'� : Address or uny other uddmss Bortower designates by nuticr tu L�nJ�r. Any natice to LenJer shall he given by first class
<br /> mail to Lender's address stnted herein or any oti�cr aJJresx Lcnd�r Je�ignates by notice to Borrower. Any notice provided for
<br /> � .. • in this Security Itutniment shall be deemed to havc bcen given to Borrowcr or Lender when given w provided in this
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<br /> ; ' �:}::.; 1S. Govertting Law; Sevcrubility. This Security Instrument �hall be govemed by fedcral law and thc law of the
<br /> '•:? ��^".� � jurisdiction in which the Propetty is locutcd. In thr event that any provision orclau+e of this Security Inswment or the Notc
<br /> i•:' :':..:..
<br /> ��^ti�...-. conflicts with applicuble law,,uch contlict shull not affect othrr provitiiuns af this 5ecurity In�trument or the Note which can
<br /> . ;��*?-,•�.?�`!• � be given effect without the conflicting provixicx�. Ti�this end the pmvisions of thiti 5ecurity lnstrument And the Nate are
<br /> �`_.�.°� declued to be sevcrable.
<br /> ' �i;,;..,:_ ,. !''�• 16. Borrower's Copy. Borrower shall be given onc conformed copy of the Note und uf this Security lnstrument.
<br /> v.+��.<.-.. 17. 7lransfer of the Propertv or a Benefici�t Interest in Borrower. If aU or any part nf thc Property or nny interest in
<br /> �; ���• =' � it is sold or tranAfened (ar if u heneficial interc.t in Borrowcr i.tiold or trun;fernd and Borrower ix not a natural penon)
<br /> n:;;.;,ij,�,,;,� without Lender's prior written consent,Lender may.at it.option,require immediate payment in full uf all sums secumd by
<br />-_ �.;-: thix Security Instrument. However,this option xhall not he exercised by I,ender if exen:i�e i+pruhibited by federul law ati of
<br /> ��'-``•`'' • �'' ' the date of this 5ecuritp instrument.
<br /> � If Lender exercises this option,Lender shall give Bormwer noticc of accelerntiun. Thr notice�hal)provide a period of
<br /> '�"`-�-- not Iess than 30 days from the date the notire is delivcred ur m:►ilyd within which Borrower muxt pay a11 sumc secured by this
<br />- �'� 4 r •' Securit Instn�ment. (f Borrower fnils to a thcse sums rior to the cx irati�m of thi� ncxi, Lender ma invoke;ui
<br /> � �.; ,�> :- Y P Y P F' Pe � Y Y
<br /> .� �. � ••�+3:�:: remedies permitted by this Securitp Instrument withuut further notice or dem•rnd un Bom�wcr.
<br /> _�_1 1& Borrower's Right to Reinstate. If Borrowcr mcet�cenain runditiom, BoROwe� shall have thc right to havc
<br />-i�y� enforcement of thiw Security lnstrument discontinurd ut un�•time prior to the crrli�r of: ea 1 S days(or such other period as
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<br /> � Singk Family••�nk MadFteddk Mac l'NIFORM ltiti7'RCSIENT--Unifcxm Covenanti !l�10 IpuRt 4 uJ A/wgr�!
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