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<br /> , . q'�- so��3� ���-,v �77�` -,P�-R��.�_T �---
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<br /> condemnntion or other taking of;u�y part of thc Property,or for convcyuncc in licu of condcmnation,am hcrcby agsi�ned nnd `�'_'=--
<br /> ,.,:=,•_...�
<br /> shall be paid to Lender. �, .:
<br /> In the event of a total taking of thc Property, thc procceds shall be applied to the sums sccured by lhis Sccurity ����g�-""�=-°'"
<br /> [nstrument, whether or not then due,with any excess paid to Bonowcr. In thc event of u p;utial taking of the Property in '"�`�W==.
<br /> .�4', .��sS?�.rY�
<br /> which thc fair markct valuc of the Pro crt irnmediatel bcfore thc takin �s c ual to or rcUtcr than the.►maum of thc sums ,� ?-��°�-
<br /> P Y� Y F� N S ; �.�.�:��
<br />� secured by this Securiry Instrument immedinlely before the tnlcing,unlesti Borrower and Lender otherwise iigree in wri�ing, - ---° __
<br /> the sums secured by this Security Instrumcnt shall be rcduced by thc umount of the praecds multiplicd hy the followin�; ^�e�s:ro�- ^-
<br /> , fruction: (a)the total amount of the sums secured irnmediately hefm�:the►,ikin�,divicled By(b)thc t'air murket vnlue cif tlie •""=�-:-�;;:',:
<br /> P Y � Y P Y P� I b �'.3'�i�:��.�s==---
<br /> , Pro en imm�di.uel beforc thc takin ,. An baluncc �hal I hc iid Io f3orrowcr. In tlie cvcnl uf n �artinl tnkin���f thc :.,�;�-�i�___
<br /> � Property in �vhich thc fuir m.irkct valuc��f thc Property imnudiatcly hcti�rc ihc �uking iti Ics.dmn Uu amount nf�hc surns � a:t�:�=�-�_'
<br /> T`•'�'r1'.�":�C,�°
<br /> sccured immcdintcly hcforc thc i.�kin�;, unlc,s Borrowcr iuid l.cndcr othcr�vitic :igrcc in wri�inN or unlcss applicublc liiw . ..,�,s.
<br /> � othenvisc provides.thc procceds,hull be upplicd to thc sums scrurc�l by Q►is Sccurity Instrumcnt wl�rthcr ur not ihe swns ierc ;"n`:}--_
<br /> thenduc. , ."n��.T;y;,`'�=_
<br /> �{h
<br /> If thc Property is u6anduncd by Horci�wcr,ur if,uttcr noticc hy I.ender t��liorrnwcr thnt thc cundemncrr�f(cry tn nu►ki+ ;�`r°�—_-
<br /> •m;iwnrd or setUc .�clni�n fm•damagcs.Horrowrr fuil�to rc,pond tu l.endcr within 10 duys aficr thc dine thc noticc iti�iven, �''>`����s'.`��
<br /> Lc�idcr is authorir.ed�o collcr�und npply thc proccrds.ut its option,ci�hcr tn rcstor�uion or r�pnir of�hc Prciperty or to thc ''�±-�-�
<br /> • sums sccurcd by this Sccurity In��rument,whethcr or no[thcn Juc. •a��--;—=__
<br /> Unless Lender and Bon-uwer uthenvi,e a rce in writin ,an � licution oF rocecds to rinri d tihall not extend or ""°"""°-
<br /> s s y�t�� � � r��
<br /> - po,tpone the duc date of thc monthly puymcnts rcfcrred to in paragraphs I imd 2 or chnnge the amount of such payments. •'��~p�_.—
<br /> 11. Borrower Not Relei�.sed; F'urbenrance By Lender Not u Wulver. Extcnsiun of the time for payment or :! �'��n•
<br /> . modification of amonization of the sums secured by this Security Instrument grcmted by Lender ro uny succeysar in interest +''`-'.�,•-,_�--._•,
<br /> of Borrowcr shall not operate to releasc the liability of the originul Borrower or Borrowerk succetisors in intcrest. Lender .• Y::•4�.`���"-
<br /> " � shall not be myuircd to commcnrc proceedings a�;uinst any }urccssor in intcrest or refusc to cx[cnd timc for paymcnt or �� '''�`'r`�..'�'•
<br /> , , othenvise modify amortization of the sums secured hy this Security Instrument by reason of any demand made by the original ,�����
<br /> Borrower or 9orrowcr's tiuccessors in interest. Any forbear:snre hy Lrnder in exercising any right or remedy shull not be a ���---�
<br /> , �vaiver of or preclude the exercise of cuiy right or remedy. yr �
<br /> !2. Succ";ars:r.�::sl�,os L�aur.rl;Jair.:ar.�Scrcr«!LIwb3l:l�;:,'u-;tgn�rs. T"c:c�cra�;:;a��:;b�cm�:�:,:�:his - -—--�
<br /> -__--- -_ � �.�
<br /> , Securiry Instniment shall bind and bene�t the successors and assigns of Lender anJ Borrower, subject tu the provisians of :�;"
<br /> , p�ragraph 17. Borrowcr's covenants and agreements shall be joint and sevcral. Any Borrower who co-signx this Security '-
<br /> Instrument but doe:;not e:xccute the Noee: (a)is co-signing thi�Srcurity Insrrument only to mongage,grunt and comcy that :�; ;,
<br /> Borrower's intcrest in thc Property under thc terms of this Secwiry Instrumcnt; (b)is not personally obliguted to pay the sums �-y}'„ `�i
<br /> secu►�d by this Securiry Imtniment;and(c)agrees that Lender:md any other Borrower may agree tu extend,modify,forbrar y!= . ,
<br /> or make any acrnmmodation� with regard to the terms of' this Security Instrument or thc Note without that Borrower's • r�
<br /> ' consent. ; �' �• �
<br /> 13. Loun Chnrges. if the loan secured by this Securiry Instrumrnt is wbject to a law which sets maximum loan
<br /> charges, and that law is finally interproted so that thc in[rrest or other loan charces collected or to tk collected in connection �' � �
<br /> ,.. . _
<br /> with the loan exreed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduee •� „� '
<br /> the charge to the permitted limit and(b)any sums already rollect.d from Borrower whirh exceedeJ pertnitted limiis will be „�''
<br /> refunded to Borrowec Lcnder may choose to make this rcfunJ hy rcducing the principal oaed under the Note or by making a � �
<br /> dimct payment to Borrower. If a refund reduces principal,the reduction will he treated as a partinl prcpayment without any
<br /> prepaymcnt chargc undcr thc Notc. � ���.:-.-..n-
<br /> 14. Nutices. Any nutire to I3orcower provided tbr in this Sccurity Instrument tihall be given by deliverin� it or by , ' _,i:�.
<br /> muiling it by first class mail unless applicable law Ryuires use of anuthrr mctho:i.Thc notice shall be directed to the Property • - ;�
<br /> Address or any other addrcss Borrower desi�nates by noticc to Lcnder. Any notice to Lender �hall be given by tint class �� �+ °
<br /> �• mail to Lender's•addrcss stnted herein or any other�iddress Lender designates by notice to Borrower. Any notice provided for �, ��` �«�
<br /> in this Securiry Instrument shall he d�emed tu have becn giv.n to Born�wcr or Lcnder when given as provided in this r5 7, ,
<br /> � paragraph. ��'
<br /> 15. GovcrninF I.:ew; tievcrabllity. This Sccurity Instrumrnt �hall hr �.uvrmcd hy fcJrral law anJ thc law oF thc ,
<br /> , jurisdiction in which thr Proprrty i�I�kat�d. In thc����rnt ihut any pruvi�iun ur clau,r uf thiti Scrurity Intitrumrnt ur thc Nutc ' ` . .. . �; ��
<br /> Conflicts with applirahlc lau�. �uch runflirt shall not aftcct nthcr pruvi�iom of thiti tircuriry Intitrumcnt or thc Notc which can � •�, ""�'F'•
<br /> be given effect without the cunflicting provision. Ti� thi�rnd Ihe pruvi.iun.of this Srrurity In+trument and the Nute are � • .��-a,�,.�
<br /> � dcc.ared to hc scvcrahlc. i ,,�
<br /> 1G. liurrnwer's Copy. Borro«cr shall nc giv�:n�nc cuntimnrd cupy uf thc Notc and ut�this S�rurity lnstrumcnt. j y'�,
<br /> � 17. 'Irunsfer oPthe Pruperty or a Bcneficinl Intcrest in Borro�r•cr. If uU or any part uf thc('raperty ur:tny intcrcst in
<br /> ,. it i+sold or tr,lnsfern�d (or if a beneticial interczt in B��rn�wrr i, ,uld ur tran�frrnd and Bortowcr i,not a natural penunl ' '
<br /> �vitttout Lcndcr's prior writtcn cunscnt. Lrndcr may, at itti uptiun, rcyuirc immcdiatc��aymrnt in fuU uf all .ums,ccured by � �
<br /> this Security Instn�ment. Howcvrr,this option shall nut tx exerci�cd by l.rndrr if rxercise iti prohibited by federal law as uf ,� .
<br /> thc date of this Scc:urity Instrument. �
<br /> ' If Lender exercises this option.Lcnder shall givc Hom►wcr nuti�r ul;ucrlrratiun. "fhc nutirc.h.dl provide a periud of Y `
<br /> not Icss than 30 days frorn thc datc thc noticc is dclivrrcd or nmilyd wnhin which l3urruwcr mu,t pa�•all.wn++rcurcd hy thiti
<br /> S�curiry Instni ,.�r If Rnrr�•,.i .�,: �� pay thcsc wnu prior to thr rxpiration of thi� prriucl. Lendrr may i�vokc any
<br /> „ rcmedics pcmiui:�' • ��wnry(ntiu wn�•n� without funh�r noti�c or drmand on Burcowcr. I�
<br /> IS. Uor�o�ver's Right to Reinst8te. If Burrowcr mcclti rr�tam cuuJ�liunti, liurcuw�r�hall havr thr right to h:wc ,��I "
<br /> cnforcement of thi�Security Instrument discontinued at any timr priur tu Ihr r:irlirr ot�: lal S dayti I�tt�uch uther prriixl u,
<br /> �� tiinglc Fam�IY--Fnnnlc Mac/F}ivldlc Mnc l'NII'11R11 IM1ti'I'Rl'111•:N'1' I 4uturni Cu�cnant, 9•VO inurr 4��1 n�,,rer.� ,``,^ �
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