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<br /> oonda�tiae ur od�a t�ki�of�ny p�tt a[tAc l�topeRy.af fa oanveyanoe:m lieu af conda�ian.�e h�e�ryt�sifaed aod
<br /> rha�l be p�id w l�eedQ � ` � �
<br /> ' 1n th��veot ot a tulil taking of the Ptopecty.the praYeds sI�b�apQt'Kd to the sums sa^�nd b�► thk Security
<br /> • � Instnm�ent,wdedrer ar nOt thai due.with any exce3s p�W to Batowte In the event of�p�ctFal qking of the Ftaperty i�t
<br /> which tb fait mx�at Yilnr o�the Pmperty immcdi�tety 6ofcke the t�king is eqwF to or'g�am tt��e the��o�utt of thc suat�a
<br /> a�xv�ed by this Savrity fnstrument immedi�tely befae tbe talcing,unkss Boemwer and Lender ott�erwise agnee in vYri6r►E.
<br /> ti�e stans sec�ued by this Saurity tnsaumnn sha11 be teduced by 1hG amount of the procee�i mWtiplied by die fWbwLtg
<br /> . fs�r.�tian: (s)the uoW�»autt of thc snv�s sec�ued immedi�tely befat the t�icing.d1Yldtd�I�t N)tllb E�111�f�G�Y�YC Of 1AG".
<br /> _ Ptopecty intnfediatety fitfore the taictng. Mq baisnce si�ali i�e paid to Boaower. ia the eveef af g ps�ti�l t�king uf tbe
<br /> - Pmporty in which the fiir madcet w�lue of the Ympe�ty im�dlue{y 6efae the talcing is kss than tbe�unamt of the sums . .
<br /> .�inm�cdia�ely befae the.talriag,wile�c B�nnwet ud Lendei ahtrwisc ag�ee in Mrririrrg a mkss applicabk law � .
<br /> - -- _____-_.��.�s.�i�r�'1!�chAl��aQQliedmtlsrs�secun�l{±this�uii,�tas�u_mentw�otnotihcsumsa�e- •--
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<br /> - • If the Pn�paty is a6�mdooed by Bomawer.or if,after noEice by Lender co Boimwer that�t condemnor offers to matie
<br /> sa awaM or settle a claim far datnages.Bonower faits co respand ro l.ender wIthin 30 days aftor ehe due tbe r�otice is�iven.
<br /> ' Let�dec is wt6orizM W collect au�d app1Y the Pruceeds•at its aption.eitl�to�estoiatioa oc nepzir�of the Ptopert,�or to die .
<br />__ sums secwsd by this Sccurity Inmumen�whether or tiot tlrcn du� .
<br /> Unkss I,ender and Bamwer othciwise agnee in wtiting,any applica6on of p�ocads to principal shal!n,ot extend oc
<br /> pastpone the due date of th�monthlY Pai��ts reforsad to in paragtapht 1 and 2 ar ch�go the uno4int of such paya�ents. •
<br /> 1L Boreower Nat Rekaaed; Fo�6earmae By l.endsr NM a•�Vaivar. Factension of the wne foe payment ur
<br /> aadification of anwRization of the sums securod by this Security Instmment granted by Lender to any s��ccxssar ia inlecest .
<br />-- — � of Bacower shaii nat a�ate ta rekase tbe liabitity af t6c origmai Ba-tuwer or Saraa�er~s siscoessmrs in iatarst.Leuder �
<br /> _ shall not be nequira{to commence procoedings agamsC any successar in intarst ur�efuse to extend time for paynKnt or
<br /> -- othervvise malify�ntotti�ion oi the sums secured by this Sxw'ity Insonra�ent by neasorl of any demand ms+de by the aiginal
<br /> • Bortowa or Bortowers su�xessois in interest Mg fo�beuanca by Ler�der in eaercising any right a�ernody shall not be a .
<br /> waiver of or pxlude the exenise of�►y right or remedy.: �
<br /> 12. Srcce�ars a�d A�Bausd:Joint aad 5evers�l Lhbility;Casi�ers. The covenana and agroernents of this �
<br /> - , Saauiry Lu�ument sh�Il bind and 6enefit tl�e sucassors and assigns of Leuder and Bortower.subject to the Droviswns of
<br /> pazagia�h i'7.Borrower's covenants and agreements shall be joirtt and several.My Botrower who co-signs t6is Sceurity
<br /> , inst�umeat but does rnot execute tlte Nate:_(a)is co-signing this Security Inmument onty to mortgage.grant and canvey t1�at
<br /> Borrower�s inte�est in ti�ee Ptopeny urnlet the tertns of this Securiry Instrumcn� (bT is not personally obligated to pay the sums •
<br /> secured by this Security Insuument;and(c)agrees that Lender and any other Bocrower may agree to e�ctend,madify.forbear
<br />.� or make a�ry accommodations with cegand to the tertns of this Security Inmument or the Nate without that Borrowet'�s
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<br /> 13, Loao Clweges. If�he toan secured by this Security Instrument is subject to a law whicfr sets ma�cimum Ioazi
<br /> charges,and that law is fu�ally interpreted so that the uuerest or other toan charges collected a to 6e collected in cannec6on
<br /> � with the loan eaceod the pemuued Ilmits.then: (a)any sucb loan charge shaq be reduced by the amour�t necessuy to ceduce
<br /> ��� the charge to the permitted limit;and(b)any sums a(�eady collected from Borrower which eaceeded permiued limits wiU 6e
<br /> . "iefunded to Bo�mwer. E,ender may choose to matce ttris refund by reducing the principai owed w�cier the Note orby making a
<br /> " `- � . � diiect paya►ent to Bor�uwer. If a refund�educes principal.the reducaon wi116e treated as a partial prepayment without an} .
<br /> ` :��: Pne�►Yment charge under the Note. • .
<br /> �•��' +°' • � 14. Notices. My zrodce to Borrowet provi3�i far in this 5ecurity Instncment shall be given by delicering it or by
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<br /> - �;' -'*{�:+�.� � mailing it by first class r�na�unless applicable law�uu'es use of another method.The notice shal!be diracted to the Property
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<br /> ' .:,;:.:���,c.' Address or any other a�ds�e'ss Borrower designates by notice ta Lender. Any naeire to Lender shall be given by ftrst class �
<br /> ��''� �f�'�: " '` tnail to Lender�address stated herein or•any other address Lender designates by notice to Borrower. My notice providtd for
<br /> '� � ����:�' in this Securiry Instrument shall 6e�teeaned to have heen given to Borrower or Lender when given as provided in this
<br />_ •`,�x"' • P�S�Ph• . •
<br /> � 15. Coverning Law;Severitbi➢ity This 5ecurity Instrument shall be govemed by federal taw and the law of the
<br /> . - jutisdi�tion in which the Hvperty is lacated. In the eveni that any provision or clause of this Sec�uity Insin�r.i�ent or ihe Rote
<br /> " �.��;,Y^, �conflicts with upplicabte law.such conflict shali not affect other provisians of this Security Instru�ent or t�'.�ate which can
<br />� ,s�t��,`.'::" be given effect without the wnflicting provision. To this end Ghe�rovisians of this Securin�'L�s:rame�it a�td the Note are .
<br /> �.�,,; =� ;`, ,� declar�3�sfl�e severabie. . , � !
<br /> ;t-.•.; _: 16. Be�rrower's Copy. Borrower shall be given one conf���copy af the Note and of thi�Security Iasm�menG
<br /> i's:. ;;''',:' . l7. 7�nnster ot the P'iroperty or a Beneflcial l�IIecest in�Bon'oweu ff all or any part of the ProFem•ar any interest in
<br /> � -'�"����4 3 it is soid or transferreC�jc�rif a beneficial interetit in�orrower is vold ar trart_��`��rs�s1 and Bortower is rsoL.a zca�ur�l person) -
<br />. ,� `.'�:t�;:.,'• • • without Lender's priorv:r��n consenl,L.ender may,at its aption,require imm�ia:payment in full of all sutns secured hy -
<br /> �°. _., .. � this Security lnstrument. However,this option shall not be exercised by Lender if exercise is�:nhibited by federal law as of -
<br /> �f��`�` , the date of this Security lnstrument. •� . _
<br /> �r • if Ltt�der eaercists this optio�.Lezcd:r shall giv.e Borrowe�notice of acceleration. The norice shall provide a period of =
<br /> ., •�r.�-, not less than 30 days from tAe date tF�e�tise is d,:Iivered or ma:led within which Barrower must pay alt wm�secured by this =
<br />`'� �':` Securiry Instrument. If Bprrower faits to pay tS*.es:s�ms prior to the expiration of this period. Lerrd..°*'may invoke any -
<br /> . � ''' remedies permitted by this Secariry�nssrument withoat funher notice or demand on Borm�ver. . �
<br /> ~ ''��'�' 1$. Borrower's Rigdt to Rei�.date. If Borrower mee��ce�tain canJitions. Borrow�e*snall have the•right to have
<br /> enforcement of this Sea�riry Instrunient discontinued nt any ti.�:paos to the earlicr of: (at 5 dm}•s(or such ather perivd as
<br /> r� — Singte F•uniiy•-Fanak Mae/Frrddk 41ac f:1iIFQRN I�STRU�fE!�T-tir,ifor.-!Carcnants 9;46 (puXe 4 njb pox�si. =-
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