|
:T �+�� � ilj� —
<br /> -- �_.._ '� — — — _
<br /> � 94- ioi,346
<br /> condemnujon or other ukin�of any p�rt uE the Prupetty.or far oonveyuwe in i�eu of candanrwian,u+e beraby auiQned and
<br /> �hall be paid to I.ender,
<br /> In �he event of a wt�l ulcin� of the Property. thc �h�ll 6e �pplied a tha wms �ecurod by thir Security �
<br /> In�aurt�ent. whether or na tba�due.with�ny exceui to Borrower. In the event of�putia�t�icinq of the Property in
<br /> which the f�ir muket vdue of the Pr+c�peKy irtunedl�lely before ihe takin�1�oqwl to or�reater than the ur�ount of the wtn�
<br /> �ecurod by this Security Inasrument immodintely before the taking.unleu Borrower�nd l.ender otherwl�e agroe in writin�,
<br /> the swru�ecured by thi� Socurity lruwment shtll bG reduoed by the ur�ount of the proceeds multipliod by the followln�
<br /> tnction: (a)the tc�tal arnou�t of the:umx�ecw�ed immeciiuely beforc the takina,divided by(b)the fair market v�lue of the
<br /> - �"" --"--�"" -' Hroperty itnmediatoty bef'at the ukin�. An�balance shall bc paid to Bormwer. In the evrnt of a pwrtixl txkinQ of the
<br /> H+n�erty in which the fair muket value of the Property immedi�tely beforc the trldng is le�than the unount of thc sums
<br /> secured immodiately beforc the talcing, unlc�s Bortower w�d Lender otherwlse Agree in writing or unleu applicabic law
<br /> aherwi�provide�,the pro�ee�slwll be�p{�lied to iho sumn cecured by this Socurity Insuument whether or rat the cumr�re
<br /> then due.
<br /> If thc Property is ebandonul by Borrowcr,or if,after notice by Lendcr to Bortower that the condemnor offers to mske
<br /> an award or settle a claim for dwmAQes,Borrower fails to respond to Ltnder within 30 days after thc date the notice is give�,
<br /> ° "- Lender is authoriud to col�ect and apply the proceeds,at its optlon,elther to rcctoruion or npair of the Propeay or to the
<br /> sums secur+cd by this Securiry lnstn►mcnt,whether or not then duc.
<br /> Unless l.ender a�d Bomower atherwlse agrce in w�iting,ony npplication of pmce�ds to principal shall not oxtend a
<br /> poctpone the due date of the monthly paynxnts referred to in paragraphs 1 and 2 or change the amaunt of such payments.
<br /> 11. Borrowe� Not Released; Forbearance By Lender Not a Waiver. Eztension of the time for payment a
<br /> modi�cadon of amoniz�t�on of the sums securcd by this Security Instrument granted by Lender to any succexsor!n Interest
<br /> of Barower shall not openue ta rclease the liability of the odginal Bocrower or Borrowerls successorx In intercst. l.ender
<br /> ��°`� shall not be requi�ed so commence praceedings agaimt any successar in interest or refuse to extend dme for payment or
<br /> �� otherwise modify amottiuition of the sums securod by this Security Instrument by reason of any demand made by the origin�l
<br /> Borrower or I3orrower's successars in intenst. Any forbearance by Lender in exercising any right or nemedy shall ncx be a
<br /> ��I wylver of or preclude the excrcise of any right or remcdy.
<br /> � 12. Successore and Asst�na Bound;Joint And Several I.i�btlity;Casigners. Thc covenants and agrcemenrs of this
<br /> . Security In�;uument shAll bind and benefit the successors and assiBns of Lender and Borrower.subject to the provisions of
<br /> ' •�;` parag�aph 17. Borcowerk covenants and agreemente shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grnnt und canvey that
<br /> ;di:.'•.�`�•�• BorrowcrE interest in the Property under the tcrtns of this Security Instrumenr. (b)is not personally obligated to pay thc sums
<br /> Y� securcd b this Securit instrument;and(c)a rees that Lencler und:u� other Borrower ma a ree to extend,modif forbeur
<br /> � ,.-�A«..r.�.=�;�.�. Y Y S Y Y 6 Y�
<br /> " "`"� � or make any uccommalations with regurd to the terms of thix Secu�ity lnstrument or the Note without that Borrower's
<br /> �•�- ��.,. ��• conscnt.
<br /> ` �'� �r�' �E�'��•;�i: 13. Lan Chs�rRes, if thc lonn secured by this Security Instrument is subject to a luw which setti maximum loan
<br /> '����k•:•,'�K�.;` chasSzs•and shni las�is finally int$rprcted so thut ihe interest or olher loan thasges sQ!lected or io be collecte�Isi connection
<br /> �,,�;,,, ,_, �, with the loun exceed the permitted limits,then: (u)m�y such lo;u�charge.hall be reduced by the:unount necessa�y to reduce
<br /> • • „ the charge to the permitted limit;und(b)rmy sums alreudy callected from Borrower which exceeded permitted limit�will be
<br /> • .. � refunded to Borrower. l.cnder may chon�c to mukc this refund by reducins thc principal owcd under the Note or by making u
<br /> - �,, , -� direct payment to Borrower. If a refund reduces principal,the reduction will be treated as a partial prepuyment without nny
<br /> • . prepayment charge underthc Note.
<br /> . • 14. NoticeA. Any notice to Borrower provided fi�r in this Security Inztrumcnt shAll be given by delivering it or by
<br /> � ''. mailing it by�rst class mail unless applicable law reyuims use of another methal.The notice shal)be directed ro the Property
<br /> "' ' "'''. Addmss or any other address Borrower designatex by notice to Lender. Any notice to Lender shall be given by fiint cluss
<br /> - � 1•• % • mail to Lendert addrcss stated herein or s►ny othe�nddress Lender designutes by notice to Borrower. Any notice provided for
<br /> - :•�!`�*��• •x• �•�--4: in this Security Instrumcnt shall bc decmed to huvc bcen givcn to Borrower nr l�en@rr whcn glven ss pmvided in thia -
<br />._ ='�wl .,.w.i+wJ.:. .,M. _c. _'
<br /> ; . ptuagrnph. —
<br /> `1f� �,°':`;:`�' ' IS. Governing l.aw;Severability. Thi� Sewrity Instrumcnt xhull tx govcrncd by fcdcral low und thc law af thc
<br /> ~ � � jurisdiction in which the Property is locnted. In thr event that uny pravision or rlause af this Security Instrument or the Note
<br /> � contlicts with applicable law,tiuch cunflict�hall not aFf'ect olher provisiom of thiti Security Instrument or the Nute which cun �.
<br /> �'� bc given effect withaut the conflicting provi,ion. To this end the pmvisians of this 5ecurity Instrument und the Nate prc =-
<br /> � declured to be severable.
<br /> � " 16. Borrower's Copy. Borrower shull tx givrn onc contiimmd copy ot'thr Notr and of this Security Inrtrument. _
<br /> 17. 1YAnsfer ot the Property or u Reneficiul Intcrc.r•t in Borrower. If ull or uny pan of thc Pmperty or any intcretit in
<br /> � �� :, it iti sold or trunsfcrred(or if u brnrrri:�l intcrest in Qurrowcr is.old or transfrRrd:md Burrowcr ix nat a nuwral�xrson) �;.,
<br /> '" - without Lender's prior written coment,Lrnder may,�u its option,rryuire immediatc p•ryment in full of all sums securcd by
<br /> e-. �'" ' . this Security Instrumcnt. Howevcr,this option shull not bc cxerciu�d by Lrndcr if excrcise is pmhibitcd by fcderul luw as of �'
<br /> • ;,I,,�;;,,-, the date of thi�Security Jnstrument. _
<br /> i°.�ri. . If Lender exerciscs thiti option,Lender shall give Bomiwcr n�xice uf acrclrratic�n. The notice sh•rll provide u period of E _
<br /> , yq••,t� r , not Icss thun 30 days from the d•rtc thc noticc i+dclivcred or mailcd within which Borrowrr mu+t pay ull xums.ecurcd by this
<br /> . Security Instrument. If Borcowcr fails to pay thrse tium,prior to the expiration cif this pericxi. Lender may invoke uny k��
<br /> - remedies permitted by this Security lntitrument without further noticr or drmand un Borrower. _
<br /> _,;, . � � 18. Borrower's RiRht to Rcinstatc. If Bortuwr�mcrtx rcrtain condition�. Borrowcr.hull havc thr ri�ht to havc E
<br /> Ji' • � � . � enforcement of this Security Instrumrnt dixcontinurJ at uny time prior to the rurlier uf: faJ S day�lor surh othrr periai ux �.
<br /> � ' Singlc Family--F'�nnle Atre/Ft�ddlr\fac U\IFOIt1f I1tiTR['�fE\T-•Unifumi Cuv.nam, 9i911 f/H�,e�•a uj n/Hrge�l
<br /> ..�, : t
<br /> �. .
<br /> "'' t � �
<br /> ''v.; ,� . ...,. �.tNwwa�y,yN•tlri...... . . � • , � . . .. _ . _ .......--.�.�......w�.-...-.... ._. ... _._ ._.. . _ .... . . �
<br /> ' . �_ . - . - . .
<br /> � �.t�, .. � -— ... ... -- ---�'-__.�-..
<br /> -c�.•
<br /> .� .
<br /> .���
<br /> r
<br /> �' .�
<br /> , � ' , ......rt �
<br /> J r
<br /> � • �� . .
<br /> , . F - .. .1�.r4���
<br /> - -• t . ,
<br /> . � ---..- �. - -- . .. -- - ------!
<br />
|