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<br /> _---:.��_ -� _ �-, � _�. � - . _ ` �4�.ioa2s� , . � �_4 . . ;
<br /> �ion a othsr Wcint of say pstc of th�Pmpecty.or far.convey�nce iat liea of randemnadon.aie he�ebY assigned atd . , • .
<br /> . rt�t!bp prid to Let�der. � . . ,
<br /> In the event of a total talnag of the Piopetty.the pmaeds shall t�e a�ppliod to the sums secu�+ed by Wis Secarity
<br /> � L�ent,wiMher or�wt then duc,with any exass paid to So�mwer. 1n Ihe event of a partial talcittg of tl�e Fcapetcy in
<br /> whis6 the fair muget value of tl�e Propt�ty immediatety befae thc taking isequal to or gsatec than the amonnt of thc`sums ,
<br /> secut�bY this S�itY Inst�ent imm�iatsly 6efore the tt�kking.unkss Borrowgr and Lender otherwise agtoe in svriting,
<br /> the stuas sec�[ed by this Security tnsuwn�nt shall be ced�xood�r the amoartt of tix praceais mnitiplitd by the foIIowing
<br /> --- — � �action: (a)dbe tota�amount of tb�swns sa�c�immediately befote d�e taYing,clivided bY(b)ti�falr maikct value of the _
<br /> pcopetty immediately before the tatdng. Any 6alan�x stiall be paid to Bo�iower. In the event o�a partial.talcvtg of the
<br /> Ptoptriy in wtdch thc fair maduet vatue:of,the Property immediateiy 6efore tl�e tating is less thaa the amouat of ihc sums
<br /> - secured immediateIy before the`ralciug:�untess Bormwer amd Leader othetwise�agroe in�vatiaS oi rs+fess appticable taw ,
<br /> __ • otha�i�e p�COVides,the procee�,�s�a116e appiied to the sums secrrt�by this Seauity Ins�maearwhetT�'ai'ti�x;tttest�ins�+e
<br /> -- ttten dGe.. ,.., ?�:��:: : . ,'...;,�. . � .:•
<br /> -- � - If ttie Properry is a�ne8 by Borrower.or if,after.aotice by I.ender to Borrower t��s condc�iuiac offers to makc
<br /> .�an award or xak a claun for damages,Bmrower fa�'is to respoad to L.a►der Wnthin 30 days after the date the notice is given,
<br /> ---- - � �Leader is aut�.ed to colkct and appfy the prooeads.at its option.either to nstoration or repair of the Property or to the .
<br /> �T suins stcuted by this Sxuriry Inswmeni.whether or not then due.
<br /> (TnTess I.ender anct Borrower o�ise agee in wcitirtg.any appliration of Qroceecl�to principal shall not extend or
<br />'�z postpoac ihe due date of the monthlY WY�nts cefeaed to in paragraphs t and 2 nr cfiange the amount of such paymrnts. .
<br /> lt. Ba�arer Not Rek�►scd; Foc�araect By Leedt� Nat �, W�tver. Extension of che twne fac payment or
<br /> V' modifiption of�mortizatian af the sums securod by this Security Insuument granted by l.ender to any successar in•intetest
<br />-;;.: � af Bamwer�hatl nat ope�ata to e�ekave the tiability of tt�e arigin�l Bnrrowcr or Bomawer's s��cces.�a:c i»intccest.l.ender
<br /> shaU�ot 6ercq uired tQ cammence pmceodingc agains�any succ�5wr in interest or rrfitse to extend time for paymrnt or _
<br /> - athetwisa mo/ify amoctizatioe�of the�ams secwed by this Secvrity ta+mtment by reacan of any demand made by the arigmai --.
<br /> � go�mwer or Bamwcr's successats in iniere�t. Any farbc�r.utce by L:ender in eaereising any right a remedy shtll not be a _ _
<br /> _ waivet of or prcctude!he ezercise of any right or rcmeQy. _
<br /> lE, SYCCt�ats�d As�as Baund:Jdnt aad&ver�l I,b6ility:('.o-si�eere. "1'he cavenants artd agreements of this �
<br /> Securit Instrpment shall bind and tyenefit the successo�nnd m+�igns aP t.endcr and Bortowcv.subject ro thc provisions of _
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<br /> <' , .r'„,;':: :, ' ;�:� p�ragraplr 17. Borrowet's covenants and agccements�hal1 6��oint and several.Any Bartawer who co-signs th�s Security �„�_
<br /> ,� .�,.�. � +�--. L�suument but does not execute the Nae: la?is co-signing this Security in�icumeot onty to mortgage.:grant and convey that N-_
<br /> n'�-��.••:��`"`` '• � � $ortower�s tnterest in the Property under the terms ot this Security InstNment; (b)is not persoaally obligated to pay the sums ��:-
<br /> r.-;.,.
<br /> , , � ` secured by this Secariry Instrument;and(c)agnees that lxnder and any other Borrower may agree ta eactend.modify.for6ear , x;:�.
<br /> h ty-. �• or make any accommodations with regard to the terms of ihis Security Insuument or the Note without that Homnwer's ':=-
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<br /> ' :�!.,��.•,. _..;::' . CO(ISCiIG �e;
<br /> . ;,�.:: •- 13 Laan Cdarges. If the loan secumd by thLc Security (nstrument is subject to a!aw which sets maximum laan _
<br /> �.,R�y,.Z'.�;�, , � chazges.and that lav�r is finalty interpreted so that the intenest or other loan charges collected or to be collected in connection =_
<br /> � � � with the loan exceed the permitted timits,then: (a)any such loan charge shall be reduced by the amount necessary to reducs �--.
<br /> '�`�-�=�.%-.r: ' ��- � the charge to the permitted limit;and(b)any sums already collected from Barrower which ex c e e d e d rmitted limits will be _
<br /> ;�' �.-:: .r=;:-':';w;� �.�. Pe �r�=��
<br /> � �•�_. , •;:,,., • � :+�funded to Borrower. Lender may choose to make thi�s refund by reducing the principal oAed tmder the iVote or by making a __._
<br /> •��� �:z����::� `�• direct payment to Borrower. If a refund reduces principal.the reduction will be treated as a partial prepayment without any �,Y�'
<br /> ' ' — %;r?e.i:'.,�'.'_' ' . _
<br /> ' °"� :;:.:,rr,».t, • prepayment charge under the Note. - -
<br /> �;+::•:: 14. Notices. Any notice to Borrower provided for in this Security Inswment s4za(f be given by delivering it or by
<br /> �;;�f'`y ,,,,` . mailing it by first class mail unless applicable law requires use of another rnethod.The notice shall be directed to the Property ` _
<br /> . ,.a�,. ....:-;,,. ': ..
<br /> �.f�..s;��.��,.-;�r, , � Address or any other address Borrower designates by notice to Lender. Any notice to}xnder shall be given by first class
<br /> �.'r';�•.;:;%�r�!�' .�..•�,� -• in �this Security Instrumentt shall be deemed tt e havereGeen given to�Borrower arll.em�B�when gi en as provided�in�this l.;�,�,
<br />_ :.::.:tl�:.cr;:�:t:;,�Y.,,: • � --.'-
<br /> • ',+;� ,.� ..=. �,...F c. ,._; Para8mPh•
<br /> �''�"`""��G��... • . 15, Governing Law;Se�erabillty. This Security lnstrument shall be govem�tsy federal law and the law of the , '
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<br />" , �. `�,�:;�4>�,f�f s,;j•,;:,',' • jurisdiction in which the Property is located. b the event that any provision orclause of ahi.c Security Instrument or the Note. :
<br /> T�' •�-
<br /> , i� :;� conflicts with applicable law,such conflict shat nat affect other provisions of this Securt}tnstrumentar the Nate which caa � ;
<br /> , , _�.�,_ ,i.}jr ., be given effect without the confticting provi�ion. To this end the provi�ions of this S�uri�� lnsa�ument and the Note are I.
<br /> � '` t � ,,;'.:ar��.; declared to be severabte.
<br /> S'��'"=?'�-C `� 16. Borroveee's Copy. Boaower shal!b�given one c»nformeci copy of[he Note ar.�of tfiis Security instrumern. E� '�`'`�
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<br /> � ,-i •; 17. 71ransfe��B t�e Property or a Beneficial lnterest i�s Borrower. If al!o:a-.p��rt of thc Property or any interest in ,
<br /> ;. , it is sold or tracts°e.:.;�tar if.a beneficial intcrctit in Bo�raa•er is sold or tra:.sre^:ed and.Borrower is not a natural person) ._
<br /> ,�*�;';_`,.,..;:•:. : ..
<br /> without Lender's g�ot written consent.Lcnder may.at its aption,requ+re imr:eJ�,ta payment in full of ull sums secured by ; '.
<br /> .. � '�:.1�_.
<br /> ��.� ':f'-� � � this Security tnstr�men� How•ever,this option shall not be cxerciseci by Lendcr if exercise is prohibited by federal law ac of ; : ,,
<br /> :-�«- ,:�a�`�� ••-� the date of this Security instrument.
<br /> �.,• `•:�.'',_,
<br /> _ �f`:�;.,,,.'. ,�`; iF l.ender exercises this option,l.ender.hall give Borrower notIce of acceteration. The notice shall provide a pedad of �•;'�,..;
<br /> � • not tess than 30 days from the date thc notice is delivered or maited within which Borro�er must pay all sums secured by this �. ;:,.;;,
<br /> ��� •:--�:,:��;� - ' Security Instrument. If Borrower Pail�to pay these +ums prior to thc expiration of thic period, txnder may invoke any ��._,,.,
<br /> �;,.. � ,
<br /> t' � - �•. temedies tmitted b this Securit Instrument without further notice or demand on Borrau•er. �. .,".
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<br /> �. , �`:',�s�"�n��' �r'� .' 18. Borrower's Right to Iteinstate. lf 6orrower meetti certain conditions. Sorrower shall have ihe right to have �.� •.:i`t
<br />•� '`4'�"' � enforcement of this Securiry Inshument discontinued at any time prior to the eartier of: ta)5 d�ys(or such other period as i '"`
<br /> �' ' �� :;
<br /> .::,k�,... ` Singte Famity--Fannk'.11ae/Freddk�1xll�iFOR�11�S1'RI;.�1F-tiT••Uniform Covenana 9l90 lpuge4 aJ6 pnges► ,•,•`��`
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