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<br /> condemnatic�n or other aking ai any pan of the Prapeay.or for conveywxe in lic�of cQrAl�mRution,are hcrcby usai�{ned wd
<br /> �� �11 bG pwW to Lende�.
<br /> In the event of a tatul taicing of the Propeny, the prviceeds shall be applied to th�sums securcd by thir Security
<br /> Inatniment,whether ar not then due,with any exces+puid co Bae�awer. In the event of a pnrtial tuking of the Prc►�erty in
<br /> which the fair market vAlue of the Pmpeny immedi+�tely bcfom the tuking is eyunl to or grcxter than the�►mount of the aurnc
<br /> se�;urcd by this Security In.rtrument immedi►+tely bct'ore thc tuking,unloss Barrower und L.ender otherwike ugccc In w�itin�.
<br /> thc sumz securcd by this Secudty In�uvment shall be rcduced by the umount of thc prac:eeds multiplied by thc fullowing _
<br /> - -� fraction: (a)thc tatal amcxmt of the sumx M:curcd immediutely befure the ts►king,divided by(b)the fstr murket vulue af tMe
<br /> � .==_ _ - - --�
<br /> Propcny immediately bcfore thc taking. Any b+dancc shall be puid to t3orrowcr. In the event ut u punial�uking u t �
<br /> property in which che fuir murket volue of tlie Property immediatcly beforc the tuking is(eR� thun the nmount of thc surns
<br /> secuad immediately beforc the taking. unlesx Borrowcr and Lender otherwise ugrce in wdting or unletis applic4ble law
<br /> otherwise provides.the praceeds shull be upplied to the suma secured by this Security Instrwnent whettier or not the sums urc
<br /> ----- then duc.
<br /> (f tbe Property is ub•rndoned by Borrower,or if,after nntica by Lender to Borrowor that the cundemnor offer.c to make
<br /> un�ward or settle a cluim far damages,Borrower fatls to respond to Lender•within 30 dayti ufter the date the notice is given,
<br /> _ -- Lender is authorized to collect and apply the pra'eeds,at its option,either to restorutian or repair af the Property or to the
<br /> sums secured by this Security Instnrment,whether or not then duc. licatian of rocexds to riaci dl shall not extend ar
<br /> Unless Lender and Borrower ahcrwise ugree in writing,uny app P P P'
<br /> postpone the due date of the manthly payments ccferred to in parugraphs 1 and 2 or change the acnount of such payments.
<br /> ---�---- 11. Borrower Not Releasedi Forbearance By l.ender Not A Waiver. Extension of thc time for payment or
<br /> - modificution of amartization af the sum�secured by this Security Instrument grnnted by Lender to uny successor in interest --
<br /> of Borrower shall not operate to release the liubility of the original Borrower or Borrower's successors m intemst. L.ender
<br /> c
<br /> � Cr. �, .,, +: shull not be required to commence pr�x:eedings against any successor In intercst or refuse to extend time for payment or _ . __
<br /> h r othenvise modify amortization of the sums secured by this Security Instrument by reason of uny demand made by the original
<br /> r�;'.+��., . Borrower or Borrower's success�rs in interext. Any forbearunce by Lender in exereising any�'ight or remedy shall not be n
<br /> .Y =' � . ,���;�:.i, watver of or preclude the exercisc uf any right or remcdy.
<br /> .:;��.�,�r�._ 12. Successors s�nd Assigns Bound;Joint and Sever�l LiAbility;Casigners. The covenants and ugreements of this
<br /> "�:;s,�:'oS�7k: Securiry Instcument shull bind und benefit the zuccesson und ussigns of Lender and Barrower,subject to the provisians of
<br /> • ��; �:'�':���r�,;N�� paragrnph l7. Borrower's covenunts und agrcemcnts shall bc joint nnd several. Any Borrower who co•sisns this Security
<br /> • � � Instrument but does not execute the Note: (u)is co-signing this Security In�trument only to mortga�e,grant and convey that
<br /> �' �'�=t���.�`� +=� Boaowcrs interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums
<br /> ' °• .]�..a. ..,.,• ... ,
<br /> yr,.;a.;���..:;,::..,.g« secured by thix Security Instrument:and(c>agrecs that L.ender and any ather Borrower may osree to extend,modify,forbear
<br /> ,- •.�y�;? ' ,.'.�.. � ' or make any nccommodutions with regurd ro the terms of this Security Instrument or the Nate without that Borrower�s
<br /> ,.� .~."`•..:...:... ...: conscnt.
<br />_. __ : '��+�.�+���,:� 13. Loan CharRes. If the loan xecured by this Securiry Instrument i+�ubject tu u luw which sets maximum loan --
<br /> �� �. � churgex.and that law is finuUy int�rpreted so that the intercsc or oiher ivan cl�argzs coitectcd or to bc rotlecsed in connectian
<br /> • " ' with the loan exceed the permitted limus,then: (a)uny such loan charge.hull be reduced by the umount necessary to rcduce
<br /> the chnrge to the permitted timit;und(b)any sums already rallected from Barrower which excceded pertnitted lim�ts will be
<br /> • � rcfunded to Borrower. Lender may chootie to make this refund by reducing ihe principal owed under the Note or by making a
<br /> direct payment to Borrower. If u refund reduces prinripal.the reductian will be treated us u pnrtial prepuyment without :my
<br /> , prepuymcnt chargc undcr the Note.
<br /> 14. Notices. Any notice �o Borrower provided tiir in thiti Sccurity Instrument xhull be given by delivering it ar by
<br /> �, moiling it by tirst cluss mail unless applicuhle luw reyuires u.e of:►nother mcthod.TBe notice shall be directed to the Prupeny
<br /> �f. ' Addnss or any other addres,Borrowrr Jetiignatcs by notirc to I.ender. Any noticc to Lender shall be given by firct cla�ti �°.-..
<br /> _ °�_.:•.'�.�.•--���. muil to Lcnder+rsddre.s statcd hcrcin or miy uther uJdrc.ti Lendcr designute+by n�ticr to Sorrower. Any noticc providcd for
<br /> �'��- ' in this Security Instrument �huU hc deemrd to huvr been given ui Harrowcr or Lender when given as pmvided in this o-
<br /> ;r parugraph.
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<br /> I5. GoverninR I.aw; tieverubility. Thi. Srcurity Instrument shail tx g��vcmed by fcderai law und thc law uf �hc �:_
<br /> � jurisdiction in�vhich the F'roperty is lcxuted. In the event that any pmvision or cl:wse of this Securiry In+trument or the Note
<br /> �,'..
<br /> ^ ronflicts with applicablc luw..runc�ontlirt shall nut affrrt��thrr provi.iuns of thi.Sccurity Intitrument or thc Notc which can _
<br /> be given effcct without the conflicting provi+ion. To this enJ thc provisions uf chi, Security lmtrument und the Nae arr � -
<br /> ' declared to lx.evcruble. �
<br /> 16. Borrow•er's Cupw Hi�rrowcr.hall tx givrn unc ronti�rmcd rupy�if thc Note and��f this Secu�iry In+trument. �„
<br /> n _ , 17. 71�ansfer of the Prnpert�•or u Benef7rial lnterest in H�orrower. If all ur any purt of thc Property�tt any intcretit in �;_
<br /> ,. it is�old or trantifcrrrd(or if a txncfirial intrrctit in Bo�ruwrr iti.uld ar trumfcrrrd :mJ Burrowcr i+ not a nuturai per�on) ���.
<br /> y� without Lender� priu��vritten c�m.ent.Lendrr m:►}•,at it+uptiun.rcyuirc immediate paJ•ment in full of all ,umti xcrured by
<br /> �'•.
<br /> j ' this Srcurity Imtrumcnt. How•rvrr,thi.optiun.hull not hc cxrrciscd by Lcndcr if c!crrc��c i.prohibited by fcdrrol law a,of
<br /> iT�:f the dutc of thi�Sccurity In�trumrnt. �'
<br /> . If Lendrr cxcrci,c�thiti��ptiun.Lendcr�hall givr Burcuw�r nut�cc i�t arcclrratii�n. Thc nutirr+hall provi�lc a{kriodof
<br /> ' Z. . not Icss thun 3O days fmm thr datc thr nntirc i.drlivcrcd ur mailyd aithin which Hurcu�crr mu.t pay all.mm,rcured by this �.:
<br /> _ . Sc�urity Intitrwnrnt. If Buai�wrr faih tu pay thr+r ,um, prior tu thr cxpirati�m uf thi��xri�xi. Lendcr may invokc any �,
<br /> -�;; � ' remcdicti{xmiitt�d hy thi.Srrurity Intitrumcnt ti•idwut funhcr natirr or drmand�m Burcu�+cr. ;
<br /> � .� ` � . 18. BorroN•er's Ri�ht tu iteinstute. If Rarr����rr mect. rrrtain ronditi��m. B�in'a��•cr �h.dl havr the riglu tu have
<br /> ; � ertfarc:emcnt of thi,Scrurity In.trumrm di+r��ntinued at any timr priur tu thr carlicr ut`. l:U 5 day,lor wch other�xri�xl us
<br /> - _ . . �' tiin}M 1•.und} •Fannk�tue�F'reddir Jtac l�IFpN111titi7'kC11h:\"f..t'�wmu Cu��n.un, Y/411 qr.�ir 1„)npuXr.�l
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