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<br /> ca�demnation or other Wci�{o!�ny prt of tM Propaty.or for c�a►vey+iace fn Ibu of condaruution.�ra iaroby w��ned� �
<br /> �!W!be p�W to l..ender. �
<br /> ln tfa evrnt of�toql takin� of the Pro�xRy. the proceeds ah�ll be applied to the Rums uxured by thl� Soctuity ,�
<br /> In�pument, whettrcr or nat then due.wlth any excea�pafd to Ilomower. In the eveot of a paRi�!talcin�of Gtie Prope�tY in '.
<br /> whkh the f�ir mnicet v�lue of the Propeny immodiakly before the Wcing is oqual to or�rcaur thsn the amount of the�wnw k
<br /> tee�red by thi�Seeurity Iruuument immodiuely befa�e the t�fcing,unksc Bocrawer�nd Lender aherwise�ge+ee in wrltinQ, '
<br /> the sum:se.+cuKd by ti�4 Sau�lry inruument sfull be�duced by the unount of the proceeds multiplied hy the foibwinQ
<br /> --- fi�ctbn; (a)11�c total nmount of the sums secund imrnediately hefcx�e the tnking,divlded by(b1 the f�tir market v�iue of the
<br /> Prope►ty immediauly before the Wcing. Any b�lAnce�hal!be ptid to Bomnwer. In the event of a pertiai uktng of the
<br /> Ptqxtty in which the 6Ir mArket value of the Propecty immediately before thc taking is Icss ihan the+unount of the Rum�
<br /> �ecured immcdiately before the Uki�g. unless Borrower and Lender othenvisc agree In writing or unless Applkable law
<br /> _ ot}rcrwise provides,the proceeds eiwll be�ppGed to the sums securcd by thi:Security insuument whether or not the s�wns+ue
<br /> ttten due.
<br /> lf the Pro�xrty is�bandoned by Borrower,or if.aiter notice by I.ender to Borrower thnt the condemnor offers to make
<br /> -- ���— an award or seule a claim for damages,Borrower fuils to iespond to Lender within 30 days afar the date the notice is given,
<br /> Lender ia Authodzed to colkxt and apply the proceeds,at its option,either to rcstontion or repair of the PropeRy or to the
<br /> sums secured by this Saurit!'u►swment,whether or not then due.
<br /> Unless Lender and Borrowcr otherwIse agree in writing,any applicat+on of proceeds to principal shall not extend or
<br /> poctpone the due date of the monthly paymen4s refert�ed to in paragraphs 1 and 2 or change the tinount of such payments.
<br /> 11. Borrower Not Releasedi Forbearance By I.ender Not a Waiver. Extension of thc time for payr►xnt or
<br /> tnodification of amortization of the sums secured by this Security Insuument granted by Lender to any successor in interest
<br /> of Borrower shall not operate to rclease the liability of the originul Botrower or Botrower's successors in interest. Lender
<br /> - '�� shall not be rcquired to commence pcnceedings nguinst r,ny successor in ititerest or refuse to extend time for payment or
<br /> _ otherwise modify amortization of the sums secund by this Security Instrurnent by reason of any demand mude by the origi�al
<br /> Borrower or Aorrower�s successors in interest. Any forbearance by Lender in exercising any right or remedy shall not b¢a
<br /> waiver of or preclude the excrcisc of any�ight or remedy.
<br /> 12. Successors and Assi�no Bound;Joint nnd 5eveml Liability;Co-signers. The covenants and agreements of this _
<br /> Security Instrument shall bind and benefit the xuccessors and s►ssigns of Lender und Borrower,subject to the provisions of
<br /> paragraph 17. Borrower's covenants and agmements shall be joint and �everal. Any Borrower who co-signs this Security
<br /> Instrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mortguge,gront and convey that
<br /> ,,., . Barower's intercst in the Property under the terms of this Security lns[rumenr (b)is not personally obligated to pay the sums
<br /> � `'� securcd by this Sr.curiry Instrument;and(c)agrees that Lender and any othcr�Borruwer muy agree to extend,madify.fotbear —
<br /> ;�s;, '�..e.:,�Y., or make any accommodations with negurd to ihe terms of this Srcurity Instrument or the Note without that Borrower's
<br /> . � •• `�'.a:;:�+ consent.
<br /> - "... ._-,_.__ _��rr�.�.�.- . . __ 13. I..oan Charges. If the loan secured by tbis Security Instrument is subject to a laa� which sets mnximum toan
<br /> ��;.;�-�. ''� '�•% charges,und thnt Iaw is finnlly interpreted so that the inten.st or other loun charges cattected or to be coHccicd iu cunnectian °
<br /> -,` '; with the loan exceed the pemntted limits,then: la);u►y+uch loan charge shall be reduced by the Amount neces9ary to reduce
<br /> �� �_ � • the eharge to the permitted limit;and tb)any sums alrcudy collected from Borrower which exceeded permitted limits will be `
<br /> "`' refunded to Borrower. Lender may choose co make thic refund hy reducing the principal owed ander the Note�r by making a
<br /> �.. •'s���� � direct payment to Bortower. If u refund reduces princ:ipal.the reduction will t►e treated as u partiai prepayment without any �---_
<br /> �� �•
<br />' • p,�epuyment charge under thc Notc. �
<br /> • ^�=��'���^�� �""' 14. Notices. Any �otice to Borrower provided for in this Security lntitrument shaU be �ivcn by delivering it or by
<br /> �-.
<br /> �'�• • :• •� • mailing it by 6rst class muil u�less upplicable law reyuirts usc of unother mcthnd.The notice shall be direct�d to the Property –.
<br /> :��;;;�r�;;.�.. .,;�•. c . Address or any othe�addresti BoROwer de�ignate.by notice to Lendcr. Any notice to 4ender shull be given by fint class �.
<br /> ••y` • • mail to Lender�addnKS�tuted herein or;my other adJrc+.Lender Jetiignuteti by notice to Borrower. Any notice provided fo� �,
<br />-�. in this Security Instrument shall bc dcemed to huve tx.wn given tu t3orrowcr or Lendcr when given a� pmvided in this __
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<br /> H`� ••� p g15. Co�erning LAw;Severability. Thu Srcurity Imtrumrnt .haU tx govemed by federal law anJ the law of thc �
<br /> . " juriufiction in which the Property is Icxated. In thr event th:n uny pruvi.ion or clau.e of this Security In+trument or the Note ���_.
<br /> conflicts with Applicable luw..uch contlict�hall n��t ut'fect other prc�vi.iuns uf this Scrurity In,trument or the Note whieh ran
<br /> � be given effect without the conflicting provitiion. Ti►this end the provi+iun.of this Securiry Instrument und the Note are _
<br /> deriamd to be srverublc. ---
<br /> � 16. Borrower's Copy. Bormwcr�hull Ix given one r�mtimnrd rupy of thc Nntc and af this Securi�y In�trument. _�
<br /> 17. 7�ansfer of the Property or a Beneficiul Interest in Burrowrr. If aU ur any part of thc Property or any imere,t in ___
<br /> it is sold or transfctted (or if a heneticial interr,t in Borruwcr i+tiuld��r tr.►m(ernd :►nd Borcowcr i�not a natur.tl per�on) !"'
<br /> - ��,�, .. without Lender's prior written con.ent.Lrndrr may.at it.uptiun.r�yuire immedi:ne pa�ment in full ��f all sum+�ccured by
<br /> -� this Securil}•Imtrumcnt. Howcecr,thix optiun.hull not tx exrrcitie d by Len der i f cxrni�e iti pruhibitcd by I'edcral law ux of' �.
<br /> the date of this Securiry lnstrument. �
<br /> ,,.' ':� � If Lender exercise�this uption.Lrnder shall givc Burrowrr notire uf arcclrration. Thr nutire shall provide a pericxi of
<br /> " � �- not less than 30 day�fn,rn the date thr notice i.J�live►tid ur maikJ within u�hich Rurc�►wer mu,t pay ull.um�ucured by this ��s
<br /> '•...� Securiry In.[rument. If Borrower fail�to pay thr.r .um� prior to the cxpir:iticm ut' thi, tixriud. Lrn�kr m•r�•im•okc any �`.'
<br /> remedics pertnitted by thiti Security In.trurncnt without funh�r notice ur�icmanJ an B��rr��wer• �
<br /> ' 18. Borrow'e�'s RiRht to Reinst�tr. 1f Burn�wrr mrrt. certain r�mJitian,. Kurrua�er .hall haer thr right to havr �
<br />,;; enforcement of thi�Serurity Imtrumem di,r�,niinurd at un} timc pri�tt to thr earlicr uf: lul 5 dug+t�r surh othrr p�:riod a� �
<br /> ' � Sm�le Fam�Iy••Frnafe�tYr/Freddir�trc l'\IFl1R\f 1\tiTR[�tE\T••l'mtortn C'o�cnant. 9iSr0 ���+K�•�,/nl,,,gr��
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