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<br /> ��� candcmnstian or ather taking of ati�y p:ut of the�'mpetty.or for convcyuncc In Iteu af cond�r�u�ation,ure I►e2x:by nssig�ted and
<br /> � �hnll be pa{d to i.ender. •
<br /> In tt+e cvcnt of u tatu!t�cing of the!'roperty,tho proceeds shall be applled to the sum4 secured by �hls Secur�ty
<br /> Lnstrument,whether or not tlxi�due,with any sxcPSS puid to Horrower. in the event of u p�utint takIng uf the Propeny fn
<br /> - which the fair muku vatuc of the Ptpperty immedlatelY before the taking Is equal to or greuter than the wmount of tha sumx
<br /> r•ecund by this See�uity Insuument imraedIately boforc:the teking,unless Borrower and l.ender otherwiss agrre tn wddng.
<br /> �______- ___ s multi lied by the foltowtn
<br /> --- - ---� �he sums secure�l by�i�is Security Listrau�►ertt shult Ce redutccd by ttts nmo�mt of the proceed p 8
<br /> fracdon: (n)tho total amount of the surrt�secured irnmediately befare the t�+king,dlvided by(b)the fair marfcet vWua af the �
<br /> piroperty immedlatcly befoir the taking.',Any bai�nco ahnfl be p�id to Borrower. In the event of u partI�l taking of the
<br /> � Property�n which the fair market valua of trie P'm�ty immcdiately before the taking ia tess thnn tile nmount of the sums
<br /> secuxed immedistely before the tnkiag. unlesa Borrower a�d L.ertder othetwise agree in writing or unless upplicable law
<br />-_ -=c=='' othenvtse pxc�vides,ihe proceeda ahull be applIed to the Sums secured by thiR Secudty Inshument whether or not the Fuma are
<br />= then due.
<br /> �� If the Ptoperty is obundoned by 8orrower.or if,ufter nopce by L.ender to Bormwxr thut tho condemnar offera to makv _
<br /> — an award or settlo u clnim for damages,Borrower fa�ila to respond to Lcnder within 30 dnys ufter tho date thc nodce is given.
<br /> - Ixnder is authorized co collect nnd appty the praceeds.at its oRdon,either to restomtion�r cepair of the Properiy or to the
<br /> suma Fecured by tTifs Security InFuument.whethet or nut then dao.
<br /> Unless Lenrler and Borrowet othcnvise agrcc in wt�ting, uny u plicnt�on of pcoceeds m principul shull nat cxtcnd ar
<br />_- _ postpnne the due dute of the ntanthly paymsntx cefcrnd��nde�Not�w�W 1 er.t cExtcn 6nn�f�hc dmc faru paymcnt ur
<br /> 11. Borrower Not Rele�aaedt �ur6e�nnce 9y
<br />- _____ - -_ _----; modificntion of amorticatian af tho sums rxcured by this Scwrlay Instcument granced by L.endrr to uny�uccessor in interext
<br /> � of 8mrnwer shall not operatc to releusc the liubility ot'the nngina! Boirower or 8orrvwerk�,uccessor�in irttcrcst. l.ettcler -
<br />_ � shull dot be rcqui�ed to commence prnceedlns�ugafntit any succe4sar in interest or n:fuse to cRtcnd timo for paymcnt ar
<br /> i otherwise modify umortization of thc aums sccured by this Saurity Instrument by reason of any demand mude by tho original
<br /> Borrower or Borrower�succesisors In interest. Any forbearonce by l.ender in exerciajng vny rlght or rcmedy tihaq not be u
<br /> � wniver af or precludB the exerclse of uny right or temccfy.
<br /> 12. Successors and AssiRne Bound;dolnt and Severn!I.tabpity;Co�slgners. 'llie covennriu und agreemanta of this
<br /> Security Instrument shull bind nnd benefit the saccesso�s and asslgns af Lender and Borrower,subject to tha provisions of
<br /> psuagraph l7.Borrower� covenants and ugreements shell ba joint and several.Any Borrower who co-signs thls Securlty _
<br /> Instrument but does not execute the Note: (�)is co•signin��his Securiry Insuument only to mort�age,�mnt end convey thut
<br /> Borrower�interest in the Property under the tertns of this Security Insuumen� (b)Is not personally ablignted to pAy the sums
<br /> ured b this Securi [nsttument:end(c)ugrees that Lender and tnty other Borrowec may agree to extend,modtfy.forbear _
<br /> sec -
<br /> or malce any accommodattons with ce�erd to the terms of this Secunty Insuvment or the Note without that Borrower�s R
<br /> _ :'� _ E"�-
<br /> � � ���3..II.�an Chatges. if the laan secured by this Security Insmiment is subject w u Inw which sets maximum ioan
<br /> �� � charges,und that�aw�is finally interpreted so that the interese or other loan charges collected or to be coUected in connectton
<br /> '' with the Iaan exceed the pemiitted limits,then: (a)eny such loun charge shall be reduced by the amount necessary ta reduce _
<br /> ,i� the churge to the petmit�e�l limit;su►d(b)uny sums alreudy collected from Borrower whfch exceeded pertnitted Iimits wiU be -
<br /> , �. :.����� refunded io Borrower. Lender ma choose to make this refund b reducin the nnci al owed under the Nate or b makin a ��"
<br /> y Y � P� P Y � ��..-
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<br /> � d9rect�►ayment to Borrower. If n refund reduces principul.the reductfon will be ueated as a purti�!Pmpayment without any R.=,;
<br /> ►
<br /> �;:?;;;, _-_
<br /> prepayment charge under the Note. _
<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering tt or by _
<br /> � ��'i;:� •.•`� maiUng[t by first clnss mait unless applicnble law mquires use of nnother method.The notice shall be directed to the P�vperty
<br /> �,.,:.;�. - ;- .•, Addmss or any other addr�ess Borrower designutea by notico to Lender. Any notico to Lender shall be given by t`irst class _�^
<br /> Y` mnil to l.ender�s address stAted herein or nny other nddmss Lender des{gnates by notice to Bornower. My notice provided for �',..
<br /> ; in this Security I nstrument s h a l t b e deeme d t o h u v e b e e n g i v e n t o S o r r o w e r o r L e n d er when given us provided in this
<br /> P��Ph• .
<br /> _ „ ;• .,5,,. 15. �overnin$ Law;Severtibility. This Securiry Instrument shnll be govemed by federal law and the luw of the
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<br /> ',u�,, �� � jurisdicdon in which the Property is located. tn the event thet any proviaion or clause of this Security Instrument or the Nate
<br /> :�:�-� �" 1 contllcts with applicable Iaw,such confltct shall not agfect dher pmvisions of this Securiry Insuument or the Note which can
<br /> �au� �. ' be given effect w[thout the confltcting provision. 7b this end the provisiana of this Securiry Instrument nnd the Note are �y, •
<br />" �`����" � declured to be severable. �
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<br /> 16. Borrower s Copq. Borrower shsll be given one conformed capy of the Note and of this Security Inswment.
<br /> .'������ ����'<� 17. 'i�ansfer of the Ptoperty or a Beneticis!Interest�n Borrower. ff alt or nny part of the Property or any interest in .
<br /> ��'��"� •• - it is sold or vansfcrred(or if a banefccial intorest in Borrower is sotd ur transferred and Borrower is not a nutural person)
<br />= �"�"'"�'°' wtthout Lender's prior written consent.Lender muy,at its option,require immediare payment in full of all sums secured by .
<br /> �` �'".;'.`'}a '' this Securiry Instrument. However.this option shaU na be exercised by Lender if exercise is prohibited by federal law as of
<br /> .��. . - .
<br /> �� •;�:�•, �� ' the date of this Security Insdument. �
<br /> t;�=� �;�� � � if 3.ender exercises this opdon,Lender shull give Borrower notice of acceleration. The noticc shell provide a period of ,
<br /> �;���. ' L � , not less than 30 days from the date the notice is delivered or mailed within which Borrower must puy all sums secured by this
<br /> ; ,�;;,;;q�;�,.. .._, � Securlty Inatrument. If Borrower fails to pay these sums prior to the expiradon of this periad, Lender may invoke uny „
<br /> �:��:. __ a-,. : rem e d i e s p o n n i tt e d b y t h t s S e c u d t y I n s t r u m e n t w i t h o u t f u r t L e r n o d c e o r t l e mand on Borrower.
<br /> ��" '''" ' 18. Borrawer's Right to Reinstnte. If Sorcower meets certain condiaons, Borrower shall have the right to have
<br /> r���a` ����. , . � �� enforcemant of thia Securlty Inswment discontinued ut any time prior to the earlier of: (n)5 days(a such other period as .
<br /> ..:....•r ... .: ,
<br /> '�S�>:i:,.,.; .,_.:"
<br /> .;�.�.��.; Singte Famlly»Fannte MaeJFMfdle Mne UNiFORM tNSTRUMEfY7'••Unifomi Covenann 9/9U (page 4 nj6 pagea)
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