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<br /> ,�:��;••�:y�- condemnation or other talcing of u�ry part of chc l'roperty,ar for convoy�nce fn tieu of condemnndan.acc hcreby asslgned and �T__
<br /> : • •;y;��,:^�.` shall be paid to Lcader. �=---__
<br /> ; , G►the event of u total tuking of the Property, the proceeda ehall b$ applled to the sums isecured by thia Secudty �_�
<br /> ' �''���� Inxtrument,whether or not then duc,with uny excesa paid to Barrower. In the event af a partial tuking of the Property in --
<br /> �' ;�, � which the f�ir market value af the Praperty immediately bafares tho teking is equnl to or grcater thun the umount of the sum9 �„�L;�=='=
<br /> -'.'�-��� Recured by thia Secudty InKtrument immediutely before the taking,unleas Barrower and l.ender atherwl�e agree in wridng, — __
<br /> - •�• '` • ��� the cums secured by this Secu�ity Inxteument shull be mduced by the amaunt of thc pmceeds multiplied by tho following • -.:
<br /> . ._ . . .., ., +. . • ` " _
<br /> ' ' fraction: (n)the tatal tunount of the sumR secured Immedtately befare the teking.divlded by(b)the fuir market voiue af the - -
<br /> ' � �1".,i'}';'.�,,".:.s�,. � N
<br />-- � Propecty immedlntely before the teking. Any bulance shall be pald to Borrowcr. In the event of a partial taking of the y-;:,,,.-___
<br /> Property in which the fair market value of the Property Immedlately befare the takin�is less than the amount of the sums z ' .:�f��__
<br /> s� . • � secuc+ed immediatcly beforc the tuking,unless Barrowcr end l.ender otherwfse agrce in wdting or u�less uppllcable law �.•+-_
<br /> ,..�,M1,`_
<br /> � ' atherwise provides.the proc;eeds shall be applied to the surns secured by this Secu�ity InsUUment whether ar rtot the sums are • -� ,t4�n,-�_
<br /> ; �� thcn due. _ • . •...,y.��--�
<br /> � � � � lf the Property is abandoned by Borrower,or if.nfter natice by Lender ta Borrower that the candemnar offers to make . -• �"�===�;=
<br /> : � . -?;..+;�'.�.�-
<br /> .� �� an award or settle a claim for dnmages,Borrower fails to respond ta Lender withtn 30 days after the date the notice is givan, , , ,.�_^-.
<br /> ' Lender is authorized to copect and apply the proceeds,at its optton,either to mstoratlon or repair of the Property or to the -r«;•.° ��
<br /> 1� sums secured by this Securlty Instniment,whether or not then due. �'� �'�' �`�
<br /> �•'�
<br /> � Unless Lender end 8orrower othe»vise agree in wrting, any application of proceeds to pr�ncipal shall not extend or ..�_•'==.��
<br /> postponc the due date of the monthly payments referred ta in paragrnphs 1 and 2 ar change the nmount af such payments. "?�z�::��
<br /> i .., ,
<br /> Il. Borrower Not Released; Forbearance �y [.ender Not a Waiver. Extension of the time far payment or ': • �:-�`--r
<br /> modiflcntfon of amortization of the sums secured by this Security instrument granted by Lender to any successor in Interest ' '�'�"'�
<br />_. � � of Borrower shalt not operate to rcicasc the liability of the originel Bo�rower or Bonowers successars in intcrest. l.ender � �. . ��Y'°_^' _
<br /> • � �� tihall nat be mqutt+ed to cammence pra:eeding. uguinst uny �UCCC+�ut t0 n„tcr��t or raFuse ta cxtcnd time for pa��stent�* —;._�T; .
<br /> otherwise modify amortization of the tiums tiecured by this Security]nrtrument by reation of cmy demund mude by the orfginal ' „;�„r�_ _
<br /> �• Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any rfght ar remedy xhull nat be u � s U
<br /> . waiver of or preclude the exercisc of any dght or rcmedy. , „ ^ ?�'=•._��'�-
<br /> 12. Successors and An.9iqna Baund;Joint and Soverat I.lability;Ca•s(gners. The crnenuntx und ngreements af thi� ^ vy;;�_ ^
<br /> Security lnstrument shnll bind and benefit the succetixan und axsignti of L.ender und Borruwca tiuhJect to the provisicma af •...�,- --�
<br /> parugrnph 17. Borrowerk covcnunh und ugrccmentti shnil t+e Joint und severul. Any Sorr��wcr who ro-�ignn thix Sccurity �� �` �;,
<br /> 3 In+trument but dces not executc the Natc: (u)fs arrigning thir Sccurity Imtrumcnt nnly to mnrtgngc,grunt unJ convcy thut ����
<br /> Barrawcr?�intcrext in the Pmperty undcr thc tcrmti uf thiy Sccurity In�trumcnt: (M►ir,ne»pcn�mnily uhlikuted t��p�ry thc xum� f
<br /> , xecured by this Security In�trument;und(c)��grecti thut IAndcr a►nd nny other He�rrowcr muy i�grcr ta cxtrnd,modify,fort+et�r '�-
<br /> ar mukc uny nccommodutions with regurcl to thc tcm�� ut thi� kcurity In�trumcnt c�r thc Notc wi�h<iut thnt HorruwcrS „
<br />- �� _��- � connent. „
<br /> !3. I.urtn CherRes, !t the iaun+ecured by tbis Sccurity imirumrui i, ,ubj�ci to a !aw which xetx maxfmum loesn �
<br /> churges,und thut luw iti finully interpmted xa thut the intere,t or utikr loan churges callected ar to be cotlected in cunnectbn ° ��
<br /> with the loun exceed the permitted limits,then: (u)uny such loun churge shull tx.reduced by the nmuunt neceszury to reduce
<br /> . the churge to the permitted limit:and lb>uny sums uimudy cnl�ectcd from Borcower whtch exceeded permitted limits will be ., • �
<br /> refunded to Borrower. I.ender muy choo,c to muke thi�retunJ by rcducing thc principal owed under the Note or by making u '4
<br /> direct puymcnt to Bonower. Jf u refund reduces principal,thc rcduction will!xe trcutcJ as u pnrtiul prcpuymcnt without uny
<br /> prepayment churge under the Note. '�. �
<br /> • 14. Nottces. Any noticc to Boaower pravideJ for in this Scrurity Inxtrument tihull bc�iven by delivering it or by �
<br /> mailing it by fint class muil unless upplicublc luw rcquireti uxe of another method.The notice shall be directed to the Property ����`
<br /> • Address or any other addres+Boaowcr designatcs by notice to i.cnder. Any noticc to Lender shall bc given by first clasc
<br /> mail to Lcnder's uddrcsti xtutcd herein or any othcr uddress l.cndcr designiucs by notice to Borrower. Any notice provided for t.�!''. � ,
<br /> - in this Security lnstrumcnt shuU be dcemed ta havc becn�iven to B��rrnwer or Lcndcr when givcn us provided in this • �.� [��
<br /> ., . e�=—.
<br /> � paragraph. y'" .;y�,�-
<br /> � 1S. Governing Law; Severability. This Security Instrurnent shull be govcrncd by fcdcrul luw and thc !aw of the ,r,�.•�`
<br /> jurisdiction in which the Property i.locutcd. In the event thut uny provi�ion or cluuse of this 5ecurity In�trument or the Note "'„ :a`�' "�
<br /> • , conflicts with applicubie luw,.r•uch conflict ,hall not uffect i�thcr provi�ions of'thi�Security Imtrument or the P[ote which can , �
<br /> be given effect without the contlicting pre>vi+inn. To this end the prc�visianx of this Securiry Instrument und the Note are „ ,�R
<br /> ' � declured to be severuble. •. •� �"
<br /> 16. Borrower's Copy. Borrower shull be�iven onr confonn�J copy of thr Note und c�f thix Security Instrument. . ;
<br /> �� 17. 'IYansfer oF the P�operty or a BeneticiAl Interest in Borrua•er. If ull or uny part nf thc Property or uny intcrest in •�'r;°':�''
<br /> •' it is sold ar trunsfcrmd (or if a lx:ncflrial inrerryt in Borro�vc� i,tiold or trunsfcrrcd und Borrowcr is not a naturul penon) � °�
<br /> , without Lenderk prior written coment,Lender muy,ut its optiun,myuire immedilite payment in full of all tiumti secured by •� ' ��
<br /> , this Securiry Instrumcnt. Howevcr,this option tihull not tx excrcixd by Lendcr it excrciu is pmhibited hy federul law us af .
<br /> the datc of tfiis Securiry In,trumcnt.
<br /> If Lender cxcrcisex thi+option,Lcndcr shull givc Borrowcr notice of uccrlrr:uicm, Thc nolirc+hall provide n period of o
<br /> not Icss thun 30 dnys from thc dutc the noticc i+delivcrcd or nwileJ within which Borruwrr mu�t puy ull lums tiecurcd by this r�
<br /> � Security Instrument. If Borrower fuils to pay thetic sum�pcior to tlk expirution of thix pericxl, Lcnder muy invoke any
<br />_• remedies permitted by this Sccurity Intitrumcnt without further nc�ticc ordemand on Borrower. '
<br /> � 18. Borrower's Right to Reinstate. If Eiorr<�wcr mccts ccrtain ronditium, Borrower +hall huve thc right to havc I 7
<br /> � ' enfnmement nf this SrrurNy lntitrument discnntinurd at any tinzr prior to thr rarlier ofl (n)5 day�(ar�urh other period as I
<br /> • , tiinglc Family•-Munnle MudFreddic Muc t'tiIF(1RM ItitiTN1�Nt:fi'I'•-Unrturm('o�rn:mt, 9N0 (puxe J uJ6 puursl
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