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<br /> i caide�nnutla�u:ather tctki�tg�f any part of�he Aroperty,ar fnr cor.veya��c�in lic�of eon dcrnraatiuca,ar�h�reby ussigi�cd�nd
<br /> ; �hall bo paid to l.cndcr.
<br /> � In the event of a rotel taking ui tho Pmperly. ftiopn keede shull be appDied ta thu�uma �em�red by thls 9mCUrity
<br /> Inetrumcnt,K�heth�r or not Q�n due,witfi any cxccaa paid ta B�rrower. in the cvent of�pxrtiil tAkin�of the Pr�aty�in
<br /> whtch the fair muket vulue of the Property irremediwcely beforo the talcing ia equal to or gnater than the amount oP ttio sUms
<br /> Recured by thi�►Securlty Inauun�ent immedi�tely beforo the t�king,unte+s sarmwer u�d Lencler atherwise ajra in writina,
<br /> thc stams sesutrd by thiq S'c��riry lnstnEment Rhall he reAuced by tha nmauM of p�o praceds multip�lled by the followiri�
<br /> tractloni (a)the tottl�moant of the sums sscurcd immedlately beforo tde taking.dlvlded by(b)tho fair muket v�lue ot'tl►s
<br /> Pc�nperiy immedietoly be[oro tho tuking. Any balanc@ ahall bo paid to Borrower. In the event of s partlal taking oP 1ha
<br /> �roperty In whtch the fuir markct valup of tha Property immedlately beforc tl�a tuking islcss tha,n ttte amuunt of tho atrma �
<br /> secure�i immediauiy before the toking,untess Borrowcr snd I.ender otherwise agree in writing or unless applicablc 4w
<br /> olhcrwlse pravides,the pioceeds ehuU be appUed tn thc aums secured by this Secudry Instrumcnt whethcr or nnt tho xums ar�o
<br /> then due.
<br /> If the Pmptrty is nbaridoned by Honowet.or if.nfter notice by[.ender co BoROU�er that the coademnor offers to maks
<br /> an awnrd ar settlo n cluim for dumnges,Borrower faits to respond tn Lender within 30 daya ufter thc date tha notiCe iti glven.
<br /> Lender ia authorlud to collcet and upply the proceeda,at its option,either to restomdon or repair of the Prop..-rty or w iho
<br /> sum�secured by this Security[nsdvmen�whether or etot then due.
<br /> Unless Lender and Borrower othenvise agreo in wdting. uny applicudon af proceeds to principal shuil nat extend or
<br /> postpona tha due date of the monthly payments refe�red to in parugmphs 1 und 2 or chnnge 1he c�mount of such payments.
<br /> ' 11. Borrower Not Released; Forbeurance By Lendtr Not a Watver. Extcneion of the tlme for payment or
<br /> modificutinn af amortizatIon of the suma secured by this Securiry Inatrument grnntod by Lender to s�sy successar in interest
<br /> of liarrower shall not aperate to roleasc the tiabltiry uf the original Borcower ar Boreawcrk s�ccca,or�in interts� Lender
<br /> shalt not be required to commence procecdings ugainst any successor in interest ar refuse to extend time for payment ur
<br /> otherwtse modify amortization of the sums secured by thfa Securlty Instrument by reason of any demand mado by the odginai
<br /> Borrower or Borrower's sucressors in innerest. My forbeuran�e by Lender in exercistng any right or mmedy shull not be a
<br /> wsilver of ox preclude the exencise of any right or remedy.
<br /> ` 1�. Saccessors and Asslgns Hound;Jotnt and Several Ltabtl(ty;Castgners. The wvenants and agmemeats of thia
<br /> Security Instcument shull bind and beneSt the successors und c+sslgns of Lender nnd Borrower,subJect to tha pmvisions of
<br /> paragroph 17. Barrower�a covenunts and agreementa shall be joint and severa{. My Baaower who casigns this Securlty
<br /> Instrument but do�not execute the Note: (a)Is casign�ng this Secudty Instrument only to mortgage,grant cnd convey that
<br /> Bormwer�intcrest in the Property under the tem►s of this Secudty Instrument; (b)is not persanalty obtigated to pap the sums
<br /> secured by this Security Insuument;m►d(c)agrees that Lender and any other Horrower�ay agee to extend,modify.forbear
<br /> or msdce nny uceommodutions with regurd to the terms of tt�is Security Insuument or the Note without that Borrower's
<br /> consent
<br /> 13. Loan Charges. If the loan secured by this Security Instrument is subject to a taw which sets ma�cimum ioan
<br /> N charg�s,and thnt law is finnlly interpreted so that the Interest or other Ioan charges collected or to be collected In connection
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<br /> ,� , wlth the loan exceed the pennitted lfmits.then: (u)nny such loan charge shull be reduced by the ttmount necessary to reduca
<br /> .•4,�'�� � ' the chsrge to the permitted limit;and(b)uny sums ulready collected from Borrower whtch exceeded prermItted limits wlll he
<br /> "y �,�.�;, refunded to Bormwer. Lender may choose to make this refund by reducins the principal owed under the Note or by meking a
<br /> �p ����~ direct payment to Bonower. If a refund reduces principal,the reducdon will be treated uc u partial prepayment without any
<br /> ;T{:t"Sa.{�5_i.� �.
<br /> ; ~-y"`-w<•��a,�;',�.�� prepayment ch$rge under the Note.
<br /> ` :�'�J� 14. Notices. Any nodce to Borrower provlded for in this Security Insqument shall be gtven by deGvedn� it or by
<br /> �' +�`�^ mailing tt by ftrst class mail unless pppllcuble law reqwres use af another method.The nodce shall be directed to the Property
<br /> � .,� Address or any other address Borrower designates by aotice to Lender. Any notice to I.ender shall be given by firsc class
<br /> °;�°,','a S' ma�l to Lender�address stated herein or any othcr address Lender desigr►ates by nottce to Bomower. Any notice provided for
<br /> c� ;,.> in this Security Instrument shull be deemed to huve been�iven to Bormwer or Lender when glven as provided 1n ihis
<br /> �� , ParaSraPh.
<br /> ,:.. I5. Governing Law;Severabllity. Tbis Security Instrument sheli be govemed by federal law and the law of the
<br /> - •- �'�"`'.�'`:'�" + jurisdiction in which the Property is located. In thc event that uny provision or clause of this Securiry Inshument ar the Note
<br /> `� � °a".'.'�':?�"�4';`• I confltets whh applicable law,such conflict shall not affect other provisions of this Security Inxwment or the Note whkh can
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<br /> •�{�4��y;'y�+,�,�y t•�;f�,;•.; be given effect without the confl{cting provislon. To this end the provisions of thls Security lnswment and the Note are j�
<br /> '�'{' '��'�`�'�''' � declsred to be severable.
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<br /> ��,:^''�:�,c;:��...�,% 16. Borroaer's Copy. Borrower shall be�iven one confonned copy of the Note and of this Securiry Instrument. '
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<br /> , 17. 7taus[er of the Property or a Beneftciul I�terest in Borrower. If all or any part of the Property or any interest in
<br /> �.'y �����'`'� ��` it is sold or aansferred(or if a beneficial incerest in Borrower is sold or mansferned and Horrower is not a natural person)
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<br /> ' • wlthout Lender's pdor wrinen consent,Lender mny.at its option,require immediate payment in full of all sums secured by
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<br /> ��' ; this Securtty Instrument. However,�his option sha�l not be exercised by Lender if exercise is prohibited by federnl law as of
<br /> �':: the date of this Security Instiument. �
<br /> �•� •�%s���;' If L.ender exercises this opflon,Lender shall give Borrower notice of acceleratian. 'Ihe notice shall provide a period of
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<br /> h��;�" �.i . not less than 30 days from the date the nodce is dellvered or mailed within which Horrower must pay all sums secuted by thls
<br /> �• Security Instrumen� If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any
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<br /> remedIes rmitted by this Secudty Instrument without further notice or demand on Borrower.
<br /> , . „ 18. �orrower's Right to Reinstate. If Borrower meets certaln conditions,Boirower shall have the right to have
<br /> . . :� ., , enforcement of this Securiry Instrument discontinued at any time prior to the earlier of: (a) 5 days(or such other period as
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<br /> ." � Single Family»F'annie MnelFlrMd[e Mac UNIFORM iNSTRUMENT--U�iform Covennnn 9l90 (page 4 oJ6 paResl
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