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<br /> ccmdcmnution or othcr tufcing of uny purt of thc Nropcny,or f�x amvcyuncc in licu uf r�mdrmni�tion,un hcrrby a�+i�ncd nnd ° .
<br /> shul�bc puid to L.cndcr. �
<br /> � • ' In thr evcnt of n total tuking��f thc Property. thc prcxcedti �htdl lx upplicd to thc tium+�ecumd by thiti Sccurity
<br /> - Instrument,whethcr or aut then dur, witb uny rxce„paiid tu[3urruwcr. 1n th�cvcnt ut a parti:+l taking of the Pn��urty in
<br /> which the fuir murket valu�af thc F'r�perty immediutely befure the tuking ix cyu;A to or grcuter thun the amaunt�+f thc xum�
<br /> . �; .., secured by this Securiry In�trument immediutcly hefarc thc tuking,unle„Bnrrowcr and Lendcr��th�nvic.c ugrec in wri�ing,
<br /> �� the sum�+ecured by this SecurIty Instrument shap be reduced by the umount of the pnxcedr multiplied by the foAowing
<br /> fr:►ction: tu)thc tatul umount af the xumti+ecured Immediutcly Ixfare the taking,dividcd by (b)ihe f'uir murket vuluc of'ihe
<br /> Prope�ty immediutely befare the taking. Any bulance zhatl be paid ta Barrowcr. In the event of a partiul taking of thc ,
<br /> Property in which thc fuir markct vnlue of thc Property immediutcly befure thc tukin�iti�es,than thc umount of thc xuma .
<br /> „ sacured immediutcly beforc the tuking, uniess Borrower and Lender othcrwi,r ugrr� in writing or unlctiti applicublc law =„
<br /> otherwise provides,the proceeds tihnll be applied to the sums secured by thix Security ln+trument whether or�ot the sums are ,
<br /> then duc.
<br />• • if tha Propr:rty is abandoned by Barrower,or if.after notice by Lender to Borrower thut the condemnor offen to rnake
<br /> � an uwurd or settle a cluim for dumuges,Borrower fuits ta respond to Lender within 30 duys ufter the dute the noticc is given.
<br /> Lender is uuthorized to callect und npply the proceeds,ut its option,either to restomtion or repuir af the P�operty or tu the
<br /> '�„ " � sums secured by this Security lnstrument,whether nr not then due. .
<br /> . LJnlesx Lender and Borrower othenvise ugree in writing, nny applicntion of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in puragraphs I und 2 ar change the umount of such payments. �•,,
<br /> .. � 11. Borrower Not Released; Forbearumce By Lender Nut a Wuiver. Extension af the time for paymcnt or •
<br /> ' modification of aniortication of the sums secured by this Security Instrumcnt granted by Lender to any successor in interest .
<br /> ' +:'' � � of Borrower shall not operate to releuse the liability of the ariginul Borrower or Borrower�successors in intere.t.Lender .
<br /> ' " �' shnll not be reyui�ed to commence pra:eedings a�ainst any successor in interest or refuse to extend time for payment or
<br /> � otherwise madify Amortization of the sums secured by this Security Instrument by rca+on of uny demaad mude by the ori�inal .
<br /> . �' , Borrower or Barrower ti succe�sors in interest. Any forbearance by Lender in exercising any risht or remedy shall not be a � '
<br /> ��;`.`��; wniver of or preclude the exercise of uny right or remedy. ' .,
<br /> •� IZ. Successora nnd Assigns Bound;Jolnt and Several I.iability;Co•signera The covenunts und a�reements of this '-
<br /> Security Insuument shall bind and benefit the successon and a�signs of Lender und Borrower, subjPCt to the provisions of ` '�
<br /> � ° parugrnph l7. Barrower's covenunu and �greements shull be joint and several. Any Barrower wha co-si�ns this Security
<br /> • � Instrument but does not execute the Note: (n)is co-signing this Security Instrument only to mortgage,grant nnd convey that
<br /> c �orrower�int�rest 3n thc i'roperty a�dcr thc terms af il�is Sxurity tnstrument: tbJ is noi persona!!y ebligated tn�+�y rhP cumc �' -.
<br /> '�•'`��• secured by this Secur3ty Instrument:and(c)agrees thut Lender and any other Borrower may a�ree to extend,modify,forbear '; ,
<br /> '•� • or maZce nny accommodutions with regnrd to the tertm of this Security Instrument or the Note without that Bormwer� , .;;�?�„, ;.�.
<br /> : ., . cansent. . :�';.;�:'�: __:
<br /> , 13. Loan Charges. If the loun secured by thi+ Security Instrument is subJect to a luw which sets maximum loan � '"„�3��,�,'
<br /> � charges,und thut luw is finapy interpreted so that the interest or other loan rharges collected or to be collected In connection ,�'�;'�'��,.°::
<br /> ' with the loan exceed the permitted limits,then: (u)any such lossn rhurge shall be reduced by the amount necessury to reduce „ .'"
<br /> � � . • the charge to the permitted Iimlr,and(b)�ny sums ulreudy collected from Borrower which exceeded permltted Itmits wiU be ' _ -
<br /> " ' , �+efunded to Borrower. Lender may choose to make this refund by reducing the principal owed mider the Note or by muking u '�'�>�;ii=::�
<br /> ° - dimct payment to Borcower. If a refund reduces principul,the reduction will be treated as a partial prepuyment wtthout any '��'�
<br /> ° � � prepayment churge under the Note. ' ' :
<br /> �� � 4•. 14. Nottces. Any notice to Borrower provided for in this Security Instmment shali be given by deliverin� it or by • _
<br /> ' °' mailin�it by Crst cluss mail unless applicuble law requires use of unother method.'the notice shull be directed to the Property
<br /> �c t �,, ' � . �.,. �-
<br /> ' !� Address or nny other uddress Borrower designates by notice to Lender. Any notice ta(.ender shall be given by first cluss �y�-
<br /> ',;'- mail to Lender:s addrecs stated herein or uny other addmss Lender designutcs by notice to Borrower. Any notice provided for �� �"�'�' -
<br /> � ` � in this Securit Instrument shull be deemed to hnve bcen rven to Borrower or Lender when rven us rovided in this � ��'s � '
<br /> Y E� S P . ,�. . .-__-
<br /> . . . i ara ra h •:. _°
<br /> ` •}"' p �15 Governing Lnw; Severability. This Security lnstrument shall 6e govemed by fcderal luw and the luw of the ",..' ''�
<br /> ;�.,., -;-,��,� jurisdictlon in whlch the Property is locnted. In the event that any provisian ar cluuse of thix Security lnstrument or the Note :.��,.,,5�;_�;_ ,,
<br /> ;:.;. conflicts with applicablc law,such conflict�hull not uffect other provisions of this Securily Tnshument or the Note which can ::^:�«;�. _
<br /> - � be given effect without th� conflicting provitiiun. To this end the pmvitiians of thia Security[nstrument and the Note are �.•,�`.'., ;�,:
<br /> � " decictred to be�everable. �'--
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<br /> - =--•�••--•---...�;. 16, �iorrower's Cop,v. Bormwer�h�ll he given�me conf�rmed copy of the Ncxe and of this Security Instrument. ° °�• -
<br /> ` !7. Transfer of the Property or a Bene8cial Interest in Borrower. lf ull or uny part of the Pruperty or any interest in ''��.• '
<br /> � • it is sold or transferrcd (or if a beneficiul interest in Borrower is suld or transferred and Borrower is nat a nuturu!person) • „
<br /> � without Lendert prior written consent,Lender mny,ut its option, requim immedinte payment in full of all sums secured by
<br /> , . ' �` " _, this Security Instrumcnt. However,this option shnll not he exereised by Lcnder if exercise is prohibited by federal luw a�of
<br /> ' , - the date of this Securiry Instrument.
<br /> , If Lender exercises this option,Lender tihull give Borrower notire of uccelerution. The notice shall provide a period of
<br /> , • not less than 30 days from the dute the notice is delivered or muiled within which Borcower must pay all sums sccured by this �
<br /> " " I Security Instrumcnt. If Borrower f'ails to pay thesc sums prior to the expirntion af this peri«l,Lendcr may invoke;u�y ; ,
<br /> _ i remedies permitted by this Security Instrument without funher notice or demnnd on Bormwer. •'t;>••
<br /> . 18. Borrower's ltight to Relnstate. If Borrower mcets certain conditions, Borrower shall huve the right to have ;'�''
<br /> i enforcement of this Security �nstrument discontinued ut uny time prior tu the earlicr uf: (:►)S days(ur such othcr pericxl as
<br /> ; Single family••Fanafe Nne/Fh�ddle Mac UNIFORM INSI'RUMF.hT--Unitarm Cuvcnants 9l90 fM�x��•�/n IK�x�+i . .
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