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<br /> �:�zKicmnatuxt ur Whcr�rkutg i�f uny��ar1�►f Ih�'Fn�perly.cx f�K�•�mveya�nce in lieu irf ctnNkmne�icm,arc Fxrchy+ua��ned srkl
<br />, ahall bc�p�id to lxiidee.
<br /> !o the evem ot� hw�l takinR of �h�e Prn}xny. � p�� �i tx,�►��«� co �� +��� ,��r�a nr �n�s Security
<br /> Im!trumcet.wF�ether or na thm dur,with any nzceu�pnld ta Bixrower. In►he even� uf aµ�rtial tnking nf ttx�mprrty in
<br /> which the fair martet value of Ihe Property imtr�edi�oely before the t�kin�is eqwl W or grenter than the amou�u of th�swm
<br /> .e�ured hv this Secwitv in�trumer�t immcdirtely txi'�xe thc txking,unfcss 6ortower arxl Lender olherwi�►e agrer in writinE,
<br /> the swns aaured by 45►is Security Inurument shall be rectuced by the a�mount oi ux {n�ti�rJ,��w�.��.I�..;�� �li.: �..�4..L;. --
<br /> fraction: (rl the total anxwol oC the xums securai immedistely 6eforc the taking.divided by Ibl the f�ir trwrkrt value ot the
<br /> Pnoperty immedi�ely before tl�e tulcing. Any bnlwire she11 be paid to Brxrawer. In the cvrnl o�'u p+utin) E:aing of�he
<br /> pmpeny in which tt►s fdr muket value of the i'��operty�mmedistely before u`�e taking iti Irss tha�i the wrxwnt�f the::um� -
<br /> u�:urod immediaiely fxfurc the laking, unlcss Bnrrowcr xnd Lencler othenvise agree in writing �r unless applicabk f�w
<br /> oche�wise prc�vi�k�,lhe pmcetds shall6e applied to the sumti secured by this Security Imwment whether c►r not the�ums arc
<br /> thet�due.
<br /> If the Ptuperly is abaixlaxd by Borrower,os if,aRer notice by LenJer to 13ormwer that ihe c�x�Jc��uK,e uffrr,to�iwke _
<br /> an xwazd�x unlr a claim for damages,Bonower fa31s to mpcxid to L•�nder wi�hin 30 days aftcr the date thc nair�iz givrn.
<br /> Lender i�authexixed t�collect and appty the proce�ds,at its option,either to resroration or repair of the Prc�erty or to thG
<br /> xum�securecl by thic Securiry InStrument,whether or rat then c1ue.
<br /> Unk,v Lender aixl Bom�wer oiherwise agree in writing,auy applicuaon of proceeds to principal shall not extend or
<br /> paetpax the due ciatt of the monthly�yments referred to in paragraphs 1 and 2 or chango thc:unuunt of�uch paymenc..
<br /> Il. BurroM►er lVot Released; ForbeAr�nce By Lender NM a Waivtr. Extension of the time [or paymrnt or
<br /> �;xr�ifiriir,a af asnarti:::tiort nf the�ums se-utc^d by Qtie Sr.rnrity In�rn�ment gmn.ed by I.enJer to any sucressor in intertst
<br /> of Bcrrrower shall not operate to relea.tie the liability of t}te original Borrower or Horrower's succeswrs in interest.Lender
<br /> sh�ll iwt bc rcquind to commence proccedingF against tany succes.sor in interest ar rcfusc to extcnd timc for paymcnt or
<br /> otherwi,c modify amonization of tlm sunt�sceurcd by Atis Sccue�t�io�trumcnt by reason of any dcma�vS mAdc by the original
<br /> F3orrower or Borroweri successors jn inlerest. Mry fort„:ar,ar�ce by Lettcter in exercisiug uny right or rc�n;cly shall not be u
<br /> waiver of or preclude the exercicr,of any right�s+-c�mcdy.
<br /> 12. Successocs antl Assixny 1°�+Mmd;,loint aed Se�+erstt Ciability;Co-sigaers. The cavcnants anJ agreements of this
<br /> Security Instrument sh�ll binr�:u�rS!�enefit the successors and acsigns of Lender and Bonower,subject ro the pravisi��s�s of
<br /> parag[uph 17. 8orrower's covr,v,ar�l.:+and agreemenGs shall ix soint and several. Any Boaower K�ho co-signs this Sr:arity
<br /> Instrument but dces noi r.xer.uir.a1.,Note: (a)is co-signing this Securiry Instniment only to mortgnge,grant and convcy that
<br /> Banower;interest in tite P�nperty under the terms of this Security Instrum�nt; (b)is not personally obligatrd to pay the sums
<br /> securcd by this Security inslrurner.t;and(c)agrees that Lender and any other Barrower may a�ree to exten:�,modify,forbear
<br /> or make :uiy accommodati��iis wirh regard to the terms of this �ccuriry Instrument or die fVote withvut that Borrower's
<br /> ccnunt.
<br /> 13. I.oan �hnrnc�. It'�he 1.�1an secured Ny this Security Imtrument is subject w a law which sets mvcimum loan
<br /> charges,and that law f:t tinally ir.'�:Tpreted so that the interest or other loan cl;,srges collected or to be collteted in connection
<br /> with the loan exceed the}x:rtniCt�:�9 limitti,then: (a):u�y such loan charge�ha;l be�reduccd by the amount:��cessary ro reducc
<br /> the charge to the pennitted limii;and(b)any�urns atrcady collectcd from Bormwer which exceeded pc�nilted limits will be
<br /> n:fu�tdcd to Borcowcr. Lendr.r m.,Ty choose to make this refur.d by reducing thc principal owed und�r the Noie or by making a __
<br /> direct pa��ment to Bormwer. Ii'a rrfund rcduc•r�principwl,Qae eeduction will be trcated as a partial prcpayment w�thoat uny �
<br /> pcepayment charge under the N�Ke.
<br /> 14. IVolkes. Any notice to Sosrawer p����ided for in this Security Instrumcnt shall be given by delivcring it or by
<br /> mailing it by first class mail unless applicable law myuires usc of another method.TUe notice�hall be directed to the Prope►ty ,�__
<br /> Address or any other uddress Borcowcr designates by notice to Lcnder. /tny notice to Lender xhall be �iven by fint class ___
<br /> mail to Lender's address stau:d Itet�in or any other address Lender designates Uy notice to Cioriower. Any notice provided for _
<br /> in tliis Securiry Instrument shaA be deemcd to havc Ueen given to Barrowcr ar Lend�r u�hcn given :ts provided in this `
<br /> P�BroPh• �.
<br /> 15. Gove�niN� Law; Severs�bflity. This Sccurity Instrument sha3) ix=govemcJ by tederal law and thc law c�f the
<br /> jurisciiction in whir,G tt�e Property is located. In the event thut any provision or clause of this Security Instrument or the Note �^���
<br /> conflicts wiQi applicable law,such conflict shal!not afCect other provisions of this Security Instrumcnt or Uie Note which can �►-.,-_.
<br /> (x:Ei��en effect without the conilicting provision. Tii this end the provisions of this Se:urity Instntment und the Note:uti: �'
<br /> de�:la+�ed to be scvcrablc. ��-�
<br /> l6. BM'rower's Copy. [iorrower shall be given one confortncd copy of the Nate and of this Sewrity lnstrument. �=,��,�_
<br /> 17. 'Ih�ns[er of the Property or a Beneticdyl Interest i�Borre�wer. If all ur uny pa�t of thc Propx:ny or any intcrest in ��:�
<br /> r•��
<br /> it is sold o:transferred(or if a beneGcial inte�^±st in Born�wer is sold or transfemcd and Barmwer is not a natura!penon) �
<br /> R�._
<br /> without Lendert prior written conscnt,Lendcr may,at its option,r:.a:ure immcdiate payment m f'ull uf all sums tiecur�d by ;��:-
<br /> this Securiry Instntmcnt. However,this option shall not br e:;�rcisea by Lender if cxcrcise is prohibited by federal law as of ��tE.�
<br /> the datc of this Sccurity Instrum:n3. `v.
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<br /> If Lender exerci�.�s this option,Lender shall�ive Borrower notice of aceelcration. The notice shall provide a period of
<br /> not less th�n 30�:;:ys fmm the date the notice is�lelivered or mailed withia•�i��i�h Botrower must pay all sums securcd by this •'?=-
<br /> �.,_,
<br /> Security Insttument. If gotrowcr fails to p:+y Yttese sums prior to the en�iration of this pc:riod, Lcndcr may invoke arty
<br /> r�,
<br /> remedies permitted by this Security Instrttment without further ttotice or de:nand on Borro�ver.
<br /> 18. Borrower's itight to Reinstate. lf Barrower mects ccrtain cunditions, Borro�ver shall havc thc right to Navc =;
<br /> cnforcemer.t uf this Security Instrument discontinued at any time prior to the c:►rlier of: (:U S days(or tiuch othcr period as �:;�•
<br /> Single Family--Fannk MyrlFY�eddie lfac UNIMhR�1!1NST�UMENT--Uni[ortn Cuvcnams 9/96 1pu�;e 4 oJ 4 Pu�rs 1 ��'
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