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<br /> --r;.�►a���_-� ' condemnutiun or c�hcr�aking oi any part oi the Propeny,ar for canveyance in lieu of condemnatiun.s�hereby a�iipned ond
<br /> -- — ahull be paid to Lender.
<br /> � �'�"�"�� In �he event of u total tuking of lhe Pmperty. �he praceeda .hall tx applied to�hc nums secured by �hi+ Security
<br /> �=:�1������t:� ' inxtmment.whe�her ar mH then Jue,wUh uny excetis paid ta Bnrrowcr. In the evcnt of o partiol tukfng of the Propeny in
<br /> °���,�'�"'"�" which thc t'uir markct vvluc of Ihc Propeny immediutely befi�re�he luking is cyual ta ar greuter than thc amount of the sums _
<br /> — ?'�«�* • � �cured 6y thiti Securily lostrument immcdiu�ely before the tuking,unless Dorrower und Lender otherwise uaree in wriling,
<br /> � r .� Ihe yums zecured by ihic Security Instrument tihAll be reduced by Ihe umount of the praceedx multiplicd by the following --
<br /> . a�:',����4�:.�;:.
<br /> fr+►ction: (al thc totul umuunt of thc sum�secumd immediutely hePi►R ihe taking,divided by Ib)the fair market vulue of the �_
<br /> ' •; • � Propeny immediately t+efore 1he tuking. Any bulunce �hall be puid to Barrowcr. In Ihe evenl ot'u purtiul taking af the
<br /> --__��'°` ••� 1'roperty in which�hc foir u�u�i�et value of thc Prapcny immediu�ely bcfore thc tuking i.Icsv thon the nmount af 1he sums �__
<br /> ''•�"`��-�;:�: .�:,, ` �cumd immedi•rtcly befare the ts�king, unlcsti Born�wer und Lender otherwisc agree in writing�tt unle�s A�IIICOI)IC IAW ---.
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<br /> • '•��'ur.•' '. :i atherwi�e provides.the prcereds ahall be applied�o the+ums secured by thix Security Inxuument whether or not the sums ure _
<br /> .:...,a.�� ., �.,. --r� Ihen due. —
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<br /> �`,�, ,r;;b,,;.,; . � If the Praperty ih ub:utdoncd by Barrower,or if.after notice by Lendrr ta Bortower that thr condemnor affen�o make
<br /> °"`"� ,;�;,�� � '; an nwurd or settle u claim for dam�ges,8orrawer fails 1��rcsponJ to l.ender within�0 dny�after the date tlx notice is�iven. _.__
<br /> -,��� l,ender is au�hq�ed to collect and apply thc prex:eed�,at its option,either ta re�tomtion or mpuir af�the Property ar to the
<br /> ' �" "'�`i::'.:. ° cums secured by this Security Inst1'ument,whether or na��hen due. _-_
<br />— ' ''�'�,�•�.",' �•-=� Unless Lender nnd sorrawer o�henvise agree in writing, uny upplicu�iun ut'proceed�to principul shull not exlend or —
<br /> �, ':��,�, ,: pos�pone the due date of the momhly puymentA rcPerr�d to in purugruph�.1 und 2 0�change Ihe umount of�uch payment�.
<br /> _— -� ��• .-�;;;,.:_ :. 11. Borrowe� Not Rele�r+ed: Forbra�cc By Lender Not a Wniver. Extensian uf the time fur payment or �^
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<br /> � �.a. �.•, �r modific�uion of omortizAtion of the+ums secured by�hi�£ecurity lnstrument grunted by Lender to siny successor in in�erest
<br /> '`'�i��f:�`"�:.�� ��:.._' of Borrower shall not operute to reknse the IiAbiliry af�he original Borrower ar Borrowerk successars in interest,Lender �,:::
<br /> � ` `"�"'�"'�"''�i��� shull not be required to commence proceedings uguimt uny wcce..ur in in[eretit or refutic tn rxtend time far payment or � ,,
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<br /> — uthenvise modify umortization of'the sums secured by�hi�Security lnsttumem by r+eu.+on of uny demund mnde by the originul �-r,
<br />,_,;�.�. `� •� `: ; ,� Borrower or Bortower�succersor,in imerest. Any forbeurnnce by l.ender in rxercising uny right or remedy shull not be u �;�_
<br /> waive�of or preclude the exerci+e of any right or remedy. '
<br /> _•t=- . ,i,•���:; . 12. Successoro a�d As.gigps Bou�Id;Joint nnd Several I.fpbilityi Caslgners. The wvenant.und agreemen�s of lhis ���'
<br /> Security In�lrument shull bind and benefil the,ucce,son und�.ysigns of Lender s�nd Bamwer, subject to�he provixions of
<br /> ;_=� '^y;•��i�;�'�', pumgruph 17. Borrower+covenanta und ugmements shull be joint und severul. Any Borrower who co-siRns this Security ==
<br /> ` Instrument but dces not execute the Note: (ul is co-signing this Security Inxtrument only to mortgage,grant aid convey�hat
<br /> -- � y Barrower ti interetit in the Prapeny under thc tcrms of this Security Instn�ment; Ib)iti not persanully obligu�ed�o p�y�he sums
<br /> ''� ' 'r ,�;, secuned b ihiti Securit Instrument:and Ic)ugrees�hu�Lender und uny cxher Barrowrr muy agree to extend,modify,forbeur ���-
<br /> - � �• =.'.'� Y Y
<br /> '.:`"_�� � „ or muke i+ny c+ccammodn�ions with regard to the tenns af'this Secu�ity Inswment or the No�e without thut Borrower's __
<br /> -,�� � ,� . coment. �`
<br /> '"}��� ra=-4 ��,si± . 1 i. I.oan Cdarges. If the loan secured by Ihix Security Instrument is tiubject to u luw which set� maximum loan
<br /> -- — � charges,and�hu�Inw iti�nally interpreted so thut the interest or ather loun churge,collected or to be coilccted in cunnectiu��
<br /> �,�,.�. with the lonn exceed the permuted limux.�hen: (u)uny.uch lo•rn churge shall be reduced by the umcwnt neces,ary to reduce __
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<br /> .•,.•r,,.• the charge to the permilted limil;und(b)any sums ulreuJy rnUecled frum Borrower which exceeded pertniucd limits will be �_
<br />: :;r " `''"'� refunded to Bortower. Lender muy choo�e to muke thi+rofund by rrducing the principal owed under�he Natr or by mAking u
<br /> • •�.�---=•� direct puyment to Bartawer. If u refnnd reduccs principul.the mduction will t►e treated us u purtiul prepAyment wuhout uny E`=_
<br /> _ • - - prepuyment churge undcr the Note. �-�-
<br /> _ � " ' ° 14. Notices. Any notire to Borrowrr proviJed tiir in thiti Securiry Inslniment shull Ix given by delivering it or by �*'
<br /> _.� . .. " " mniling it by f ir,t claxx mail unlezs upplicuble law rcyuire.usr of unother mcthuJ.The notice+hall tx�directeJ lo the Propeny .;s"
<br /> . h.. Addrex,or uny ather uJclre.+ 8urrowcr dc,ignutes by noticc�o l.�ndcr. Any nutice to L�mier shull be given by fir�t clas, ,
<br /> • - � muil to Lenderk uddrc.,.tutcd herein or uny othcr uddrc+.Lencirr Jc,ignutc.by no�icc to Burrower. Aay noticr pruvided for �--.
<br /> •;�. in this Security Instrument shull be dcemed ta huve heen given to Borrower or Leixlcr when given ux provided in this -"
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<br /> � I5. (:overninR 4uw; tieverability. Thi. Security Inrtrument +hull tx govcmed by federul law und thc law of the �,,
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<br /> � - .1;,, jurisdic�ion in which�he Pmprny i�I�xuied. In Ihr rvent thut uny provi.ion or cluwe oP�hiti Srcurity Inwtrument orihe Note
<br /> � �^'' ����!��i'; '�}�=�; conflietx with applicable luw,wch a�nflict shull not vfferi other pmvixiom��f ihi.Seruriry Inxtrumcnt or the N�Nc which can
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<br /> ,•;,,.•. ':,.,J?,�b!��, be given effect without Ihe conflicting provi�ion. To thix rnd Ihc provisinm oi'thi.r Serurily Inxtrumen�and the Note ure
<br /> - ' `t.:;�.,:� . declurcd ta bc.everablc. ��
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<br />--- � • � 16. Borrower's Copy. Borrowcr+hull hc gi��cn onc rontonncJ copy ol'thc Noir unJ of Ihis Security Inxlrument.
<br /> � ' �` 17. 7Yunsfer of the Pruperty ur n Beneiiciul lntrresl in Borrower. I f all�x any part of thc Pmperty or any intercsl in
<br /> �� `+ � •'���•�:� it i�sold ar trunstcrnd(or if a hcneticial imeresl in Borrowcr i, ,oIJ or tran+frrr�d und Borrowcr is not a nawrnl penonl ...
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<br /> ,... ;,�:.,;:,:�r> , without Lendcr:prior writtcn conuunt. LenJer m:ry,ut i�.uplion. reyuirc imnudiatr paymenl in full of otl rumti.ecurcd by
<br />-- "' .,;�;;� thix Securi�y Ins�rument. Howevrr.thi.option shull n�N f+c rxrrci,eJ by Lenckr it'exrrcise i.prohibi�ed by tedernl luw u�of �
<br /> ' - tlx dale of thi.Sccurity In.trumcnt. �'"
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<br /> . : If LcnJer cxrreiscti thiti optiun,l.rnJrr shi�ll givc Barruwcr nutirc uf acccicru�i��n. Th�n�,ticc xholl proviJc u�x ri�xi of �.
<br /> -`' "• ' not le�.thun�0 dayti from Ihe Jutr thc�xnicr i.d�liv�reJ or mailed wilhin which Horro�ver must pay ull xums,erurcJ by this _--
<br /> ,�;,`�,��,.• Securily Inxtrument. If Bi�rrow�r failti to pay thc,r sum, priur tu �he expirati�►n uf thi, �xri�wl. Lendrr muy incokc uny - -.
<br />� '' . mmedicz FxnnincJ hy thi.Sccurit�•In.lrumrnl wilhuw t'unhcr notirr or drmund un Bc�rr�►wrr. „
<br /> '��'• . �� 18. Borrower's Ri�ht tu Refnxtute. If Bnrrnwrr mr�l.cenain randili�m+, Rurrawcr +hall huvc thc rigM to huve
<br /> � enforcement��f thix Sccuruy In.trumen�di.ruminurd a�um•time priur tu ihr r.�rlier uL• lul S duy�I�ir wch othcr period as ,
<br /> . � timpk Fannq—Funnle Nur�Fraddk�Wc 1�IFIIR�t I\til'ltl J1ts\7'-•l'ndarm('u�enrnl� 9/9D i/a�R�•J,/A�u¢e.�
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