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<br /> -- - 9��Oi�32
<br /> candemn�tian or otlxc Wcin�of any part of the Propetty.a Cor oonvey�noe in lieu of ca�demnatlon.u�e her�eby assiQnaf and
<br /> �hall be paid to Lender.
<br /> !n �hc event uf a toul ukin� of the Propeny,the proceeds �hA1�be �PP�ied to the:ums secumd by thie Secu�ity
<br /> In�tniment.wt�etlxr or not tibn due,with any exce►s pr►id to Borrower. In the event of x pacti�l t�kin�of the PropeAy in
<br /> which the f�►ir mwicet vafue af the Property immcdiately befare the ukinY is eqswl ta or grcater t6an tlie amaunt of the wms
<br /> - uccurcd by this Security Insuvment immeiliately befor�ttie tuking.unle�s Borrower and l.ender ahenvise�Eree in writing,
<br /> the sums secured by thia Security Inswment shAll be reduced by �he unoant of the pcoceeds mulNpliod by the followln�
<br /> - frrctlon: (a)the total amount of the sums securcd immedi�tely beforc tho taking,divided by(b)the frir muket value of the
<br /> -'�� Pra�erty immcdinuly befor�e thc taking. Any bulance shwil be paid to Burruwer. In the event of u partial Wking af thc —
<br /> Property in which the fair markct v�luc of t!�Property immediately before tlx toking is less than the amount of thc sums
<br /> - - secuc�ed immediately before tha taking,unless Borrower and Lender aherwlso agrce in w�iting or unlesr applicable law
<br /> othenvise provides,the proceeds slwll be tpplied to the sums cecured by this Seeuriry Inswment whether or not the sum�arc
<br /> - then due.
<br /> _ _ If the Property is abandoned by Borrower,or if,after notice by Lender to Hortower that the condemnor o�for�to make
<br /> -�-�----�— on awArd or settic a cluim for damagcs,Borrower fails to respond to Lender within 30 days after the date the notice is given,
<br /> � ' �� Lender ix s►uthoriud to collect and apply the proceeds,at its option,dther to restoration�x repuir of�he Praperty or to the --
<br /> �o� � ,�L aums secured by this Security[nswment,whether ar not then due.
<br /> Unless Lender and Borrower otherwise asrce in writing,any npplication af proceeds to princip�l shull not extend or
<br /> — =•��� • postpon.:thc due dute of the monthly Payments referred to in paragrnphs f und 2 or change the amount of such puyments.
<br /> �,.' 11. &►rrower Not Rekased; Forbearance By Lender Not a Waiver. Extension of the time for paytnent .x
<br /> � '""'"''' modificatton of amortization of the sums secured by this Securiry Instrument granted by[.ender to any successor in interest
<br /> ,,ti y,• ^ of Barowcr shaU aot operate to releuse the liability of the original Borrower or Borrower's successors in inurest. Lender
<br /> ^,,.:,°•:-;,� shull not be required to commence pmceeding�against any successor in interest or refuse to extend tirt►e for payment or _
<br /> ', Y , .,,,y;_,,,,,,� otherwise modify umortization of the sums securcd by this Security Instniment by reason of nny demand made by the original
<br /> t t � . Borrower or Borrower�successors in interest. Any forbeuance by Lender in exe►cising any right or remedy shall not be a
<br /> "" '' r of or mclude the cxercisc of any�ght or remedy.
<br /> + 12. Successors an . , � ' • . "•:' -
<br /> � � Security In�trument tihall bind and benefit the successor�and assigns of Lender and Harrower,subject to the provisions of
<br /> puragr.�ph 17. BorrowerE covenants and agreements shall be joint und several. An}' Borrower who co-signs this Security
<br /> � Instrument but dces not execute the Note: (a) is co-signing this Security Instrument anly to mortgage,grant and convey that
<br /> '•. ' Borrowcr+intcrest in the Property under the terms of this Security instrument; (b)is not personully obligated to pay the sums
<br /> secured by this Security lnstrument;and(c)ugrecs that Lender and any other Borrower may agree to extend,modify.forbcar
<br /> or muke uny accommodations with regurd to the temt�of this Securiry Instrument or the Note without that Borrowert
<br /> consent.
<br /> � � 13. Loan Gbarges. If the loan secumd by thi� Security Instrument is subject tu :�law which setx maximum loan
<br /> --- _- ---- ch;►rgc,.and ii�ai isw i,ti�i++ily+nt�rpreted su that ihc intcrest ar other!wn chsrges ColleCted oi to bp c011ecfe�i in connectiat
<br /> with the loan exceed the permitted limits,then: tu)any such loan charge shall be reduced by the umcwnt necessary to reduce
<br /> ' the charge to the permitted limir and(b)any sums alrcady collectcd from Borrawer which exceeded pertnitted limits will be
<br /> refu��ded to BoROwer. Lender muy choo�c to make thi.refund by reducing the principul owed under the Note or by muking u
<br /> direct payment to Borrower. lf a refund reduces princip:�l,the reductian will he treuted as n purtiul prcpayment without uny �'
<br /> pmpayment charge under the Note. _
<br /> 14. Notices. Any natice to B��rrower provided for in this Security In�trument shull be given by delivering it or by _
<br /> 4�' mailing it by tint class mail unlr,ti applicahle luw requires utie of another method.The notice shaU bc directed to the Property =_
<br /> Addmxx or any othcr addm.�Borrowcr detiignatc.by nuticc to L�ndcr. Any noticc to Lrndcr xhall bc givcn by first clas+ �
<br /> �F. mnil to l.ender�addrexs,tatrd hrrcin ur any othe�uddrc»Lendcr dc+ignatcti by notice to Borrowcr� Any noticc provided for ��_,
<br /> w in thi, Serurity Inxtrument tihall lx dcemcd to have tken givcn to Borrowcr or Lender when �iven as provided in this �.,
<br /> ; , paragruph. `"
<br /> � 1S. Governing Law; tieverAbility. '1'hi, Sccurity Intitrumcnt �hall be govemcd by (cderul luw and thr law of thc �==
<br /> ' juri�diction in which the Pro{kny i�I�xuted. In thr event th•rt any provision or clau�c of thi.Srcurity Instrument or the Note �'
<br /> a�:,
<br /> conflirts with upplicuble law,such conflict tih:dl nut affect other provitiic,ns of�hi+Serurity In�trumrnt or the Note���hich can �;;
<br /> br given cffect wi�hou�the rnntlicting pruvi,iun. Ti�thi.end thr pruvi.ion.of thi, Security Instrumrnt und the Note um �;:;;
<br /> dcclared to txt scvecahlc.
<br /> �:.
<br /> 16. Borrower's Copy. Burzowrr.hall tx givrn�mr conlimnrd ropy of the Notr:md uf thi.Sccuriry In,[rument.
<br /> 17. 'Iransfer af the Property or a Beneficiul lnterest in B��eroN�cr. !f all or any p:+n of thc Property��r any intrrest in
<br /> it iti wld or trantiferrrd(or iT a lxnel'icial inlrre.I in Rc�rniwrr i� tiol�i ur tran�Frrred and 13orrowrr is nut a nutural per�on)
<br /> � � without Lrndrr;prior aritten con.em.Lendrr may,at ih upti�m, require immediatr paym�nt in full of iill tiums serumd by �
<br /> thi.Scrurity Instrumrnt. Hawcvrr,this optiun shall not Fx rxcrciseJ hy LenJer if exeni�r i�prohibitcJ by frdcral law us of �-
<br /> the Jutr of this Srcuriry Instrumrnt. �
<br /> If Lender exrrci,c.thi�uption.Lrndrr tihall gi�•e BuRa�v�r notirr oF ucrcl�ra�i�m. The nutirr�hall provide a prriod of �
<br /> not(es,th:m 3U dayti from the Jatc thr n��tire i.drliveRCl�ir mailyd w ithin��hirh Borru��rr mu.t pay all.um++ecumd Ny thi. _ -
<br /> � Security Instrumrnt. If Borr��wcr t:iil+tu p:►y thc���um� priur tu thc rxpir:iti��n uf thi� �xriod, Lcndrr muy invokc uny
<br /> � n�mediex prm�iurd by thi�Srcuritv In�trununt��ithuut t�unhrr noticr�x de�nand un Hc�rrower.
<br /> . 1$. Borrow�er's Ri�ht to Rcinstutc. If Hurrn�crr mrrt. rrnain runJitiun., fiorruWCr tihall h:wr thr right to havc
<br /> � . t entiircement of thi.Security ln.rtrwnrnt di.runtinurJ:u an}� timr pri�,r to the r:irlier��L• t:u 5 d:�y,(or.urh��thrr prrioci a,
<br /> � tiingle hrmil�••Fannle Jinr�F'reddie Nue l'\IFON�11Vti't'NI'�ft:�l'..l mt��nn e'���.nam, V;90 ��w.ee1�/n p,����.�
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