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<br /> ' condcmnudon or other telcing of nny part of the Property,or for conveysnce in fieu of condemnadon,ure iere y ssaigned nnd
<br /> — - shall be paid to l.ender.
<br /> In tbe even�of a totnl taking of the Property, the proceeda ahall bo applied to the suma secund by thie Securlty
<br /> inswmcnt,whether ar not t�en due,wlth uny cxcea9 paid to Borrower, ln the cvent of n pactia!taking of thep�p�tty in„
<br /> — whtch the feir markct valuo ot tho Property immedlataly befa+e tha telcing I�equal to ar grcAter thun tho amount of tfie sumA
<br /> � secumd by thiR Security Instcument lmmediatety befote the taking.untena Bonawer uid l.ender othrsrwiee agneo in wdtin�,
<br /> � — the sums secnn:d by this�ccnr{ry Inqtn�ment shn11 be rcduced by tho amount of the prc�cced»ro�uldplied by tho f�llowing �___
<br /> fraction: (a)tha tota!amaunt of the sums�ecurcd immtdiately bef9rt the taking,divtded bryr(b)the�'air ma�ket valaes of the
<br /> Property immediauty bcfore tho taking. Any bnlnncc ehnil be puid to Botrower. .In the ovent of n partiul taking of ahe
<br /> Property in whtch the fa{r mutket vnlue oY the Property Immediauly before the taking ie less thnn the amount af the suma
<br /> ` � securcd�mmediately before the taking.unless Bomower and L.endar otherwise agree in wdttng or unlesa eppllcable taw
<br /> .. 6 otherwtse pmvldea,the pra.�eeda ehall fxs applled to the sums secured by this Secutity Instrument whether or not the sums are
<br /> �� then due.
<br /> '':;y�„ '� If the Prope�ty ls ubandoned by Botrower.or if.atter notIce by Lender tw aanawec thut the condemnor offers to make
<br /> ' an awtud or settie a claim for damages.Borrower fsils W respond to L.ender withln 30 daye after the date the notIce is gtven,
<br /> �r;���• Lender is author3zed to collect and appty the proceeds.at ita optton,either to restorndon or repair of the Property or ro tho
<br /> suma secumd by this Secur�ty Instrument,whether or not then due.
<br /> i' Unless Lender and Smmwer osherwise agrce in wridng.any application of�,mcecda to princtpal ahall not extend or
<br /> . postpone the due date of the monthly paymertts refecred to in paragrnpha 1 and 2 or change the amount of such payments.
<br /> il. �orrower Not Releasedi Forbearnnce By I.ender Not a Watver. Sxtenaion of the tlme for payment or
<br /> madiflcattast of amortizntion of the Fums secur�ed by this Securiry Insuument granted by Lender tu any successor in tnterest
<br /> ___ of Borrower shell not operatc to releaso the Iiabiilry of thc url�inat Burrower or Borrawerb successors in intctcst. Lcttdct --
<br /> ' ,�� shall not be required to commence pmceedIngs against any successor in interest or refuse to extend time for payment or
<br /> ; , ;,;=�°-•.•. otherwEse mailfy amortiaation of the Fums secured by this Secudty Instcument by reason of any demand made by the orlginal
<br /> ; �;,-, w r'�� Borrower or Borrower's successors In interest. Any forbearence by Lender in exercisin�any right or remedy shall not be a
<br /> � ��a ���a�?. waiver of or preclude the exercfse of any d�ht or remedy.
<br /> � ��.� "'�n •' 12. Successors and Asstgna Bound;Joint and Several LlablUty;Co•slgners. The covenants and agreements of this
<br /> � ,�,�.}�'?,-, .,:;�;.�;��; Securlty Inatrument shaU bind and benefit the successors and assigns of Lender and Borrower,subject to tha pmvlsions of
<br /> , paregrapfi 17. Borrower� covenants and agreements shall be joint and several.Any Horrower who casibma this SecurIty
<br /> .. '� Instrument but doea not execute the Note: (u)is casigning this Secudty Instrument only to mo�t�age.grant and convey that
<br /> .:,,,, " • BorrowerS interest in the Property under the tertns of this Securiry Instrument; (b)is not personally obligated to pay the sums
<br /> , „ secured by this Secudty Insuument;and(c)ugrees that Lender and any other Sonower may agrc,e to extend,modify.forbear
<br /> � . ' or make any accommodations with regard to the terms of this Security Instrument or the Note wlthout that Borrower�
<br /> _•. consent.
<br /> �' � 13. Loan Cher•gea If thc loan r,ecured hy this Security Instrument is subject to a Iaw which sets maximum iaan
<br /> ' �� � charges,and that lnw�is finally inte�preted so thAt the Interest or other loan char�es collected or to be collected in connection
<br /> , with the loan exceed the permttted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce
<br /> , „ � the char�e to the permitted limit;and(b)any sums ulready callected from Borrower whtch exceeded permitted limits wtll be
<br /> refunded to Borrower. l,ender may choose to mnke this refund by reducing the principal owed under the Note or by makln�a
<br /> • • direct payment to Borrower. If a mfund reduces principal,the reduction will be treated as a partial prepayment without any
<br /> �� prepayment charse under the Note.
<br /> " 14. Notices. Any notice to Borrower provided for in this Securlty lnstrument shall 6e given by delivering it or by
<br /> ., � mailing it by first class mutl unless appl{cubte taw requires utie of another method.The notice shall be directed to the Property �
<br /> �• Address or any other address Bocrower designutes by notice ro Lender. Any notice to Lender shall be given by first class �`'� �
<br /> • � mail to Lender c address stuted herein or nny other uddress Lcnder designutes by notice to Borrawer. Any nottce provjded for
<br />� tn this Security l�strurt�nt shull bc deemed to have bcen givcn to Barrawcr or Lender when given as provided in this �'!�_
<br /> ara ra h -
<br /> � . P �1S Governing Law;Severability. This Security Instrument shaU bc governed by federal luw and the law of the
<br /> ' jurisdietton in whlch the Propecty is located. In the event thut any provision or cisuse of this Security Instrument or the Note
<br /> conflicts wtth npplicable law,auch conflict shall not uffect other provisions of this Security Instniment or the Note which can .
<br /> '� . . be glven effect without the conflicting pro�ision. Tb thi�end the provi.ionc af this Seruriry Inctn�ment sind the N�te Hm .
<br /> ., declamd ro be severabfe.
<br /> 16. Borrowe�'s Copy. Borrower shull be given one conformcd copy uf the Note nnd of this Security Instrument. .
<br /> 17. '[1�unsfer oP the Property or e BeneP�clal Interest in Borrower. If ulI or►►ny part of the Property or a��y intcrest in
<br /> . it is sold or trunsferred(or if u beneficial intcrest in Borrawer i�sold or trunsfcrred and Borrower is not a natural person)
<br /> � without I.ender's prior written conzent,Lender muy.ut itx option,reyuire immedi�te puyment in full of ull tiums secured by
<br /> this Securiry Imtrument. However,this option shull not be excrcised by Lender if cxercise is pmhibitcd by fcderol law uti of
<br /> � the date of this Security In�trument.
<br /> � If Lender exercisex this option,Lender tihaU give Borrower notice of ucccterution. The noticc tihall provide a period of
<br /> , not less than 30 days from the dutc thc nuticc i.JelivrrcJ ur mailcJ within whicli Burrowcr nw,t puy utl aum.r.ecured Uy thia
<br /> � , SecurIry Instrument. If Borrower fuilx to puy thcse sum.prior ro the cxpirution of this period,Lendcr muy invoke uny
<br /> remeciies pertnitted by this Securiry Instcument without further notice or demand on Borcuwr�.
<br /> ' 1$. Borrowet''s Rl�ht to Reinstate. lf Bormwer meets ccrtain conditiom. Borrowcr tihall huve the right ro have
<br /> ,� � � enforeement of thix Seeurity lnstrument diticontinurd ut itny timr prior to the enrlier ot: (iU 5 duyti tor such othcr perioei as
<br /> Sinple Family•-Fannle Nue�Freddle Mac 1'\IF'OR�t IVtiTRI';11F:ti'T�-l�nrtunn t'u�cnaniti 9/9a Ip�+gr J ufn�wx��.a
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