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<br /> ','� , Y �.. � eoademnation or ather taking of any part o�the Raperty,or far.conveyaace in lieu of condemaation,are herebX assi�aad �.� = -
<br /> : shall be paid ro Leader. ' • � �;'-1z-'�..`:' —
<br /> ,�;`:� `' '` y; , In the eve�of a wtal taking o�'the PmgertY. the proc:e+eds s�a71(sx appiied to the sums seen�l by this Security+ k� -- --
<br /> Ipstrumsn�whether or wt ttcen due.wis�any excess paid ta Borrower. In the event of a partiai taking of tBe Property in - --
<br /> - ° whic$the fair market vatae of the Prope�ty immediatety before the taIting is equal so or geater tI2an the ammmt of the sLms,. -
<br /> --•.,, . . secnmd by this S�arity i�utnunen,t immediately,befom the taIsin;.cntless Borrosver and f..ender othervrise�g�ce in�vriting,' � L = -
<br /> ; ' the sums secu�d.6y this Security Iastrament shall be�ced by she amaunt of the pmc�eds Faultiplied by the fouowing, '�� � -_'=-=-
<br /> - " r. ' ' ' fraction: (a)the wtal amoaat of the sums secured immediately 6efo3e the taking,divided by(b)the fan cnarke2 vaIue of the' - x y� -_-
<br /> 3` " Praperty imm�diately befote We taking.' Any bal�ace shall be paid to BaUm3ver. Ia the event af a partial taking of the ��r `� �-- -
<br /> PmpeRy in wtuch t(te fair ma�3cet vaIue of ihe Pcopertq��mmediatedy before the talsing is less[6an the amoµn�of the s�uns �Y� : _ -
<br /> ` . . "�` , seciued immediateiy hefoce the taking.antess Borrawer and i.ender atherwise agree m writu�g or imtess agpticabIs taw �, ---
<br />'��, •� Qiherwise pmvides,t�e proceeds sha116e app&ed to the sums secured by this Security Insm�ment whetheror aot the smns axe _=
<br /> . then dme. ' ' -
<br />- - ° � ` � . � If dte Property is abandoned by Borrower.or i�sfter notice by Lenderto Borrower that tlte oondcmnor affers to make�
<br />= an award or settle a claim for damages,Bmmwet faiZs to respnt�d to Lender within 30 daps�fter the date ttte notice is given, , --
<br /> • , • ': • � � Lender is authflrized to collect and apply the proceeds.ai its option,either W restaration or mpair of the Ptoperty or to the
<br /> - • .' . _ su�s�by this Se,auiq►Ins�nnent,whetIter or not thea dae. . , � -
<br /> _ . �, ���. ' . Unless Lender and Bormwer otheravise ag�ree in writiug,�y applicatioa of proceeds to principal sbalI IIot ext�n�or .
<br />�. postpone the due date of the aionthlY Payments iefe�d to in par��s 1 and 2 or c6�ge tlie amount of s�ch payments. � -
<br /> - . � . ` 11. Bormwer No3 Reteased; Forbearantle Sp [.eader Nat a Waiver. E�ension of the time for pay�neut ar
<br />` . . ',. ° ,: . modificatifln of amorti7a�on of the sums sec�u+ed by tlus�ty Instrument granted by I,ettder 1�+�any s¢rtessar ia intetest �
<br /> s •�' �. � � � �of Borrower shall not opelate to release the liabiliry of the original Borrower or Borronrer's saccesso�s in interesi.Lenc�er ,
<br />- ,, . • shalt rtot be re�puiced to commence proceEdings against any successor in intezest or.iefuse to extend t�e far paycnent ar
<br />- � - oth�t madify amortiTadon af the sums ser�tted 6y this Securiry jnsAnmment by reason of any demarcd made iry the ori� •
<br />�,_ .. . ° Bor�ower or Borrower's successors in interest. Aay forbearance by Lender in exe�ising any right or remedy shall not be a . —
<br /> - -...._..• . • .... . •,. �. •
<br />-- • waiverofar_prectude.Me.exerrise,of_ n orrem •
<br /> ..._.._ �!.. .. -
<br /> - •-- . . .. .. .. - -� --- --
<br /> ''. , ., .. � 1L Saocessurs and Ass�ns Buund;Joiat an�Severa�I.iab�ity;Coo-sTgaers. 'The caveaaa�s andagieements of this
<br /> . Sec�uity Inswment shall 6ind and be»efit the successois and sissigns of Lender and Bouowe�subject to the provisions of. .
<br />_ ' ` . paiagtaph 17.Bozru'wer�s covenants and ageemems shall be joint and several.Any Bomnwer who ca-signs this Security
<br />�`�z. . /nstrumeaz 6vt does not execute the Note: (a)is co-signing this Security Insuument only to mos4gage,grant and convey thai '
<br /> - � - � . Borrower's intetest in the Froperty an�pr the terms of this Security Insdument; (b)is Qos{�ersnn�ily obligated to pay the sums
<br /> � - -. '- ` -f - • , sec�ued by[his 5ecvrity Insb�ument;and(c)agnees¢[sai Lender aitd any oilier Ho�ower Riay?�ee to em�d,modify.farbear —
<br /> . ' � . or make any ac�ommodations with regard to the teims.of this Security Instrument or the Note wathout that Borrower's _
<br /> • �,�. car�.sent ..
<br /> `� �� � � '" 13. Loan Ci�argea If the laan secuned by this�Security Insmimena is subject to a�aw which sets maximum loan ,
<br /> - � . � - � - -- charges.and that law is finally interpneted so that tiie interest or�loan cLarges colIected oc to be eolleeted in eonnvctie.���
<br />- . • � with the toan eaceed the pertnitted limiu,then: (a)any such loa���arge shall6e reduced by dr.:amount necessary to reda.�' _ _
<br />: . � • ' the chatge to the pennitted limi�and(b)any sums already co$ec°�d from Hortnwer which�..ceeded pemuued limits w�I he �.�,��'__
<br />��•.• ;: " �,� iefunded to Bormwer. I:eader aaay choose to make Szi,c refund by reduaing the�ai�sipal t•�±a3 iinder the Note or by making a ��
<br /> �� .,-;s,1;, . ; '
<br /> , ;,�,:. .,:;.,.,,. . dimct payment to Boren�r�r. If 3 refund reduces�rir,rc��a}.the reduction will�tr.�:ed�.�G'��P�PaYmeni withoui any .�
<br /> ' . � ..:-J.�.<< . . __ _
<br />�` �,' - .`.4�'�6��+�'. � 4 eNo ce�.g.e Any odce o IIcr:�cwer p�c:id:�d�for in this Security Insuument shali t��ven by delivering it or L� �
<br /> � ' . � � ' � maiting it by fust class mail unless appiicable laui:rquises use of another method The notice:�iaLl be dimcted to the Pmpe�.� ����
<br />- � ' Addmss os any other address Boirower designat�hu notice to Lender. My notice to Lender shall be gi�:en by fast class � �`'��'
<br />� • • � mail to Lender's address stated herein or any other;ui�-ess Lender designates by notice to Borrow�r. Any n�e�e provided for -
<br /> : � ` in this Security InsUVment shall be deemed to have been given to Borrower or Lender when given as pravided in this �;��'
<br />=- � ' Paz'�Ph- . • • , •- =
<br />__ ' I5. Goveraing Lafv;Sevesability. 'Ihis Security Insuument shall 6e govemed by federal law aztd the law o�r#'r� _���,��d_�_.
<br />- � " " �: ' jurisdiction in which the Property is located. In the event that any provisidn or clause of this Securiry Inssniment or the AtG2C ;��s�'.��==-�
<br />�: .' r.. • . conflicts with applicabie law,sucb conflicc shall notaffect other provisions of this Security Inswment or the Note which can � T`°`
<br />�� � � • .. be given effect without the con�li�King provisian. �'o this end the provisions of this Secarity insmiment and the Note aze 'k���� -
<br />-� declared to be severable. . !" :�• --.--
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<br /> ' 16. Borrawer's C'opy. Bormwer sha11 be given one conformed copy of the Note and of c�i§Security Instrument. • �`:�-'--_==-
<br />� � • � � ' 17. 7lransfer of the Property or a B�neficial Inter�t t�n Bca�mwer. If ali or any pazt cf riie Property or any interesc�in `:���..�___
<br />_�: .:�: .� �, it is sold or uamsfemed(or if a beneficial interest in Bnrrov.er i�sold or transferred and Be�rower is not a natural person) ��� -T.
<br /> • , .: , without Lender's prior wrinen consent.Lender may,at its op��n,require immediate payment in full of aU sums secuted 6y ���°�� "
<br />��' ti�is Secnrity lnsuument. However,this opsion shall rtot be eaercised by Lender if eaer�cise is prohibited by federal law as of . '• •
<br />-;� • . � the date of this Seeurity Instrument: , . . ���r*�:',
<br />—= � � • o„ U l.ender exercises this option.Lender shall give Bomower notice of acceleration. 'If�e nouce shall provide a period�E �F;F;�:�
<br />.-� :f•�,,, .`� not Iess than 30 days from the date the notice is delivered or mailed within which Bo�rower must pay all sums secured by ttu� . ' �
<br />_ � . . , . : � Securiry Insuument. If Boirower fm'Is to pay these sums prior to the expiraUon of this period.Lendes may invoke any . .
<br />-?; ' remedies permitted by this Security Inswment without further notice or demand on Borrower. .
<br />.�' _ . �`� ,. , • _ 18�. Borrower's Rig6t to Beiastate. If Borrower meets certain conditions.Borrower shall have the right to have :� : ..
<br /> - . enforccment of this Security Insttument discontinued at any time prior to the eartier of (a)5 days(or snch oiher period as '�
<br />��- , • Singie Family-•Faanle MaelFYed�e�tfac lJNIFORM INS7'EtUMENT--lJnifortn Covenants 9l90 Ipage 4 ojb pa�es)
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