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<br /> cundemnation ur other tciking af uny part af the ProEeerty,ar far conveyanse in Ileu of candemnation,ure hereby astii�*ned and �.
<br /> xhaU be puid to L.ender.
<br /> In the event a�F o tmul taking of the Property.the proceeds sholl be applied ro the sums secured by this Securiry
<br /> Instn�ment,whether or not then due, with any exceas pald ta Botrower. In tha event of u pmtial talcing of the Pcaperty in
<br /> which thc futt mnrkct vulue of the Praperty immediutety before thc wkln�Is equnl ta or gmater than thc umount of the sums
<br /> secured by thts Securiry lnstiument immedtutely before the taking,unless Borrower and Lc�der atherwise ngree in writing.
<br /> the sums seiumd by lhi:+Sccurfty Instament shull be reduced by the umount of the proceeds multiplied by the following =
<br /> fr.�ction: (u)the rotnt amount of tht sumA secured immediutcly befuse tize tul:ing.divided by(b)the falr marlcet value of the �
<br /> Property immedtately before the tuking. Any balunce shull be pu[d to Borrower. In the event af a partiul taicin�of the
<br /> Property in which the fc�ir market value of the Aroperty immcdiately befor+e the tnking ia les.g than the umount of the Eums
<br /> secured immediately before the tuking, unless Botmwer artd Lender othenvise agree In writing ar unless applicuhle law
<br /> othernlso provldes.the proceeds shall be applied to the sums secured by this Security Inswment whether ot noi the sums ure
<br /> then duo.
<br /> If the Propeety is abandaned by Botruwer.or if,uftrr notice by I.ender to Borrower that the condemnor offers to make
<br /> an uwnnl or settta a slaim for damages,8otrower fails to respond to Lender within 30 ciaya i�fter the dnte the notice i�s given. -
<br /> Lender is Quthorized to collect nnd upply the prooeeda.ut i4g opdan.either to resturntIon or repair of the Pc+nperty or to the
<br /> sums securtd by this Sccudty InsuumenG whether or not then due. ���on of roceeds co dnci al shull not extend or
<br /> Unless Lender and Bomower olhen�+ise usree in writing.Any app ' p P P
<br /> postpone the due dnte of the monthty payment�refe�red to in paragmpha 1 und 2 or change the amount of such payments.
<br /> 11. Borrawer Not Released; Forbwrance By lxnder Nr�t a Watver. Factension of the time for ppyment or
<br /> madification of nmortir.ation of thc sams socured by this Security Instniment grar►t�ed by Lender ro any successar in Intemst
<br /> of Borcawct shali rto1 apecate to release the linbiliry c►f the origtnul Boirower or Bomower�s successors in interesG Lender _
<br /> sh�ll not�oe requined to mnimence proceedtn�gs a$ainst any successor in intemst or refuse to extend tlme for payment or
<br /> otharwise madify nmmtizauon of the sums secured by this Security Instrument by�on of r�ny demc+nd made by the otiginal
<br /> f�atrower or�orrowers successors in inte�st. My forbearnnce by L.ender in exe�ising any right or remedy shall not be a
<br /> wuiver of or pteclude the exenise of su�y right ar remedy.
<br /> iL Suecess�rs ond Asst$ns Bouad;Joint stnd Several Llabfitty;Casigaers. 'I1►e covenants and agreements of this
<br /> Security Instiument shall bind und bernfit the successors and assigns of l.ender uad Borrower.subject to the provlsions of
<br /> parugmpfi l7. Bom�wer�s rovenanu nn�i ug�eements shall be joint and several. My Bomower who co-sfgns this Sscurity
<br /> Instrument but dces not execute the Note: (n)is co-sj�nins this Security Insuument only to mortgage.graitt and convey thnt
<br /> �omowerh lateresc in the Pmpetty under the tem�s of this Sccuriry Insttumen� (b)is not personally obli�ated to pay the sums
<br /> secured by this Securiry Insuumen�nnd(c)n�cs that Lender and any other Bonower may agree to extend,modify.forbear
<br /> or make any aceommodations wIth regurd to the terms of this Securicy Insmunent or the Note wIthout th�t 8orruHer's
<br /> consent.
<br /> 13. i.oaa CttaBes, If ci�e toan x�;urc3�,y ihis S:.-tusit�!u^.issssaesss ie ssslsjeci so a la�v whirh �etF inaxlmum loan .
<br /> charges.and that law is finulty inteipreted so that the intemst or other loan churges collected or to be collected in connection
<br /> with the loan excxd the peanitted limits.then: (u)uny such loan churge shall be neduced by the nmount necessary to ceiluce
<br /> the chs�rge to the pemtiued limi�nnd(b)uny sums Wrendy collected from Bor[ower which exoeededpermitted limits wiU 4e ••
<br /> �efunded to Borrower. Lcnder may choose to make this refund by reducins the principal owed under the Note or by mnkit�g a
<br /> dire�t payment to Bomnwer. [f u�fund�+educes principal.the neductia�wlll be tmated ns a partial prepayment with�ut any
<br /> prepaymcat charge under the Note. '
<br /> 14. NoNces. My aotice to Bomower provided for tn this Securiry Instniment shaU be given by delivering it or by
<br /> muiling it by ficst rlass mn�l unless applicable law requires use of another method.Tt►a Rotice slusli be directed to the Property
<br /> Ad�ss or any ottecr mddress Bormwer designates by notice to L.ender. Any notice to I.ender shaq be given by first cl�ss
<br /> �nail to Lender�uddres�cuued herein or any other uddress Lender designates by rtotice to Borrower. My notice provi�d for
<br /> in this Securiry InsUument shall be dvemed to have been given to Borrower or Lender when given us provided In this
<br /> ara
<br /> p 13. Coverntng Iawt Stverabfltty. 71�is Socurity Instrument shali be govemed by fedsral !aw end the law of the
<br /> jwisdiction in whtch the Pmperty is located. In the event that uny provisIon nr cls►►�se of this Security Inshument or the Note
<br /> canflicts with applicubte luw.such c4nflict shall not affect other provisions of this Security lnstiument or the Note which csu�
<br /> be given effect w[thaut the conflictjng provision. 'Cb thjs end the provlsions of this Secwiry instrument and the Note�ue
<br /> declaeed to be severnble.
<br /> 16. BorraMer's Copy. Borrowet shall be given o�caaformed copy of the I+Tote and of�his Secwity Insuumen�
<br /> 17. 'Ihaester ottUe Properiy or a Benettcial Iaterest[n Borr�ower. If nll or nny part of the Property or uny interest in
<br /> it ia sold or uansfemed!or if a beneficial interest in Borrower is soid or tau�sfemed sind Bor�ow�r is not u nntur•il person)
<br /> without Lendexh prior written consent,Lender muy.ai its optian,rayuire immediate payment in full of ull sums secund by
<br /> t6�is Sectuity Instiumen� However.this optlan shail rtot be exercised by L.eteder if exercise�s pmhibited by fe�e�al law as of
<br /> the date nf tfds Sc�:urity tnsdttmeeG .
<br /> '• if Lender exercises this optIon.I.ender shatl give Borrower notice of uccelerarion. 71ie nodce shall pmvtde u period of
<br /> not less tha�►30 duys from the date We notice is delivered or mailed wIthtn which Bom�wer mnst pay all sums secured by this
<br /> Securlty Instrument If Borrowtr fails to�a�t c,hese sums prior tv the expiration of this period. Lender may invoke any
<br /> '' remedies pem►itted by thls Securiry Insdume�'►��athout further rtodce or demartd on Borrower.
<br /> 16. Borrower's Rfqht to Reia�tate. If Bonrower meeta certain conditions,Borrower shall huve the right m huve
<br /> enfmcement of this SecurIty Instrument discontinued ut any time prior to the eurlier of: (a)S days(or anch other peaod as
<br /> Single F�mily—F�anie 1�1aeJFYeddk Mac IJMFOAM IDiSTRUMBNT—Unifortn Covenanb 9ln0 /pugeQ oj6 pogerl
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