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<br /> ` � ' condenn�tio�ar ot6er taicing of any part of tlie Fmpctty,ar fatrnnveyaece in tieu of caidannatian�,u+e lKrcby assigned an� `
<br /> , . . shalliae,i�aidwl..ender. : ` _ _ -
<br /> .L1�e eveat af a totai t�(cing of.the AoPercY,the proceeds sh�1{bc applied to the sums sec�rad by this Sccuriry„
<br /> ' � Iasuua�whetGes os aot then due.witA any eaoess paid to Bo�m�rtr. In the evcnt`of a patiial taking af the Property in ,
<br /> � which the fair m:ukee value of the�roperiy immediaretg txfore the taicing is ec�ua�to or greates than Me amount of the sums • _
<br /> ` . �by��uri�y i�ctr�_�„e±±r{m�iatety befoce the[aking.unless Borrower and Lcmder oti�erwise agnee in writing.
<br /> thc sums se�ur�by this Security lnstre+ment shall be seduced by the amount of the praceeds mu[tiRtied by the foltawiag, .
<br /> - � �ta�ction:`(a}dle totat artloUnt of thc suins SeqsRd imi(iediately bef0ie tAC zakiIIg.divid�i►g t6)tirc fair a�tk?f value of thc _ :
<br /> property inuriediauJy.befor�c the talcing. Any 6alance shall be paid w Borrower. In the event of a partial taking of the
<br /> - property_in which the fair madcet value of tlt�P�aperty imrned�atety 6efoie the taking is less than the amapnt of the snms
<br /> secured immediat�ty 6efore the taicing,unless Borrowq and Lender oth�nvise agree in writing or unieu applicabTc taw
<br /> o�I�rwis�provides,the{st«�ds sh�l1 Ix applied to 4he surt�secured by this Security Insuument whetl�er or not ti�e sums are .
<br /> thett dua. "
<br /> — • Ifi`the Property is a6anda�ed by Botrowe�or if,after natice hy L.e�der to$amwer shat;the•capdemno�.pffe�s to mai�e�
<br />_- . an award ar seule a daim fordamages.Bocrower fails to�d to Lender within 30 sfaYs afrer the date ihe.nat�s�is giveg;,.
<br /> �'Lender is suthorized w coUect and apply the proceeds.at its option,eithcr to reswratian ar cepair,of[fie.Propetty,or ta rf� -
<br /> _ swns secured I�y this Securiry lnsuumenti whethet oc not tben due. . .
<br /> — • - Untess Lender aud Bormwer otheRVise agee in writing.anY aPP�icabo�t of prviceeds ta princi�ai shall not.extebd ot :
<br />:"- postpon�the due date of the monthly payme�ts ceferred to in paiagraphs I and 2 or chaRge the amo�tof sucti payments. �
<br /> :� - � � II. Borro�ver l�fot Rek�sed: �orhearana By l.endes NoE a Waiver. F�tensi�r of she tisne for payment or
<br />__ � . mod�tion of amor[izatian af the sams secured by this Secarity 6LSUUment granted by Lendei to any successor in mte�est
<br /> _ �� of Rdrieiarer shaII not opers+te to release the lia6ility af the a��nal Baruwer or Bo�wer:s succescors in ioterest.txndcr
<br /> s�}�}��u{red to�commeace proceedings aga�ast any s�icces•s�r in inte�es-t or refuse to�xtend.tuae:for paymenr ar
<br /> � ` othbrwise modify a�tion di ti�sums�ecured�t�us Secaray Inswmeqt b�!.t�a.+ort'of any demand�cnad�by the Ariginal
<br />-=� Bacra}ve��+r Bosroa•xsa'successors in interest: �ny,forbeacacsce(sy 1-e�dec i�exe�sising�s},ri�tst acr�..�dy shall not 6e a
<br /> _- waive�:af�Ixectude tfite exercise of any right ar remed}:. � •;. ..:. ..,.;: ;,`' •,
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<br /> � 1�St�cc�ssoK^spad As.�gns Bauad;Joint�'Ses�€�n'f+t}�;Co-signeFS. 't�:eas.:.na�.sa,hcE agreements of this
<br /> ` �ecuriry Instru�letit�,r=.all bind and benetit the s�r�sors aridassigng of Lender and Bori'a�er.su6jeec rmthe provisions of __
<br /> : paragtaph iZ Racs�r��:s covFnants and agreerttea�ss shall be joint�and ses�at:`Any Horrower who�o-s�.�is this Security �;�
<br /> lnsm�ment twt doe�c�t execute ihe N�tei (a)is ca=signing this Securitp It��.�ent onlp ta mortgage.gr��jnd convey that �-_—_
<br /> � �` Bo�rower's interest ia tfie Pmperty under the terms of this Security Insuumenx'(b)is not personally obligaea�E ta pay the sums
<br /> ����' • secured by this Securr.ry Instrument;artd(c)agrees that Lettder'a:�t�any othet Borrowec may agrec to exte�tt�.modify,forUear ��--,:���__
<br /> r. _�.
<br /> - , or make an y accomcrsadatiot�s with re gard to the terms of tFLis Security In�+trument or the Note withapt that Horrower's
<br /> consen� . . : . . : , . � �., ��::.�.—
<br /> ,�,.�,.�,,,
<br /> ' l3. I.oan Cfiarg+es. If ihe toan secureci 63?�tis Security instrucrsenc is subjeet ta a!aw wbich s�'s maxitnum loan - _ -----
<br /> • charges,and that�aw is finsilty interpr�ted sa that�'r�inte�st or.other loan,cF�aiges callected or to be.cai�e�.�3 in cont�ection _ -
<br /> with thc loan exceed the permitted limi�s,then: (at ahy such laan charge s i�:.i!�e re duc e d by t he amou�t.i�e:=ssary to reduce =___ ___
<br /> -' the chare_e to iha pernutted limit;and.(b)any sums almady colIeeted from Bormwer which exeeeded pecmnxed IimtGs will be __—-
<br /> ' refundec!so Barrower. Lender may choase to make this refnnd by reducing the princip�at awed undei thc���e or By makiag a �.�_.
<br /> ` direct payment to Horrower. lf a refund reduces yri»cipal.the reductian will be treated a.c a papial.prepagmem withaut any �__-_.--�_
<br /> �•' prepayment charge under the Note. .�::f:�;
<br /> ���
<br /> � � � 14. Notices. Any notice to Bozrowerprovided fur in this Secu�ty In+trumem rhall be giyen by delivering it or by :;.,.��,,.,,,
<br /> � - mailing it by first clacs mail unless applicabte law require�use of another methad.The notice shall be directed to the Property ,�.����`;�,,•�_
<br /> Address or any other address Borrower designates by notice ta Lendcr. Any uatice to Le�d€r.shall be given by fir�t class , '::f' :'_
<br /> ' mail ta l.ender:s addcess statgd herein of any other s�ddre�.y I..ender detiignat�s by nolice[a Borrower. Any notice provided for _. . �
<br /> � in this Security Instrumcnt shull be deemed to have been given ta Banowef or l.ead�r when biven as pr�vided in this :-���a'-'�'-� `
<br /> �s T.. �,;.; _; �
<br /> �- ry:ac.-.: +'' `
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<br /> . `3� " �15�Gaverning Law; Severability. This Szcudcy Instrument tihap be govemed by federal law ah3.the law of the �_��• •.
<br /> - = jurisdict*..pn in which i�ic Praperty is lacated. Isr the:vent that any proqision as��ausc.of ihis 5ecurity InE'nrment ar ihe.No[a.� . -
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<br /> - %'" . .•�.in._
<br /> - ` ` contlic•�s u ith Appiicable law.suct►conflict yhati nas affect��thet ptov isicu►�c of sbis Security Instrument ar the Note which c�n,. `'•t'+.��'�..-_
<br /> - , be giti�er�ffect wsthout the conflic[ing provis:on. 7'o thi� end�he prqwiyion4 pf thi� 5ecurity In.trument and Ihe haca aru., '.'"•,;';;;_�.
<br /> � . . decl��ci to be se��enbl:. . ,!.���.
<br /> ... � 16. Botro�e�'s Copy. Borrower shall fie�i��en one conformed copy.af the Note and of this Security fayirument. -
<br /> • -x.... !7. 7lrancfer af the Property or a Benefcial Interest in Norrow•er. If aH ar uny par�of the Propcpy rn any intecest in . -�...;J:;,'�:�;
<br /> ;� it is sold or trunsfeired(dr if a beneticial in�eretit in�aaower is�atd or tran�ferred and Borrower is not.a naturat pecsonl •
<br /> without Lendery prior written cansent.Lender may.at its��ptian,reNuirc immediatc payrneq�in fuQ of s�A�+ums secur�isy �� "�', -
<br />� .' " ihis Security lnstrucn�t. However,ihis nptiun shAll nat be exerciscd by Lertder iP exeroi�e i.s prohibited by federa!lau a�oF . • �
<br /> = the date of thiw Secaric��tnstrumcnt. � �
<br /> , If Lender exer¢i.•:.s this optipn�l.ender yhall give 8orraa�er nutiu:of acce2.ration. Th>notica shati proVide a periad of � � �
<br /> � not less than 30 day:y from the date the notice iy�livered or m�ited within wtr'rch bnrccswe�n::�aE pay aIt�sms�ecured b}�this ,
<br /> .,r�c°`���_�_,,. `� 5ecurity instrument. If Bottower faiEy ta 7ay'thr.r•e �ums prinr ta the cxpiratian of ihi�.p�siud. Lender n�ay +nvake aay
<br /> ' '�� ° ' •� '� . remediev perm'tUCd by this 5ecuriry Instntment withaut fuAh�r nuticc ur dem.mJ c+n Harraw•er. ;
<br /> ��``��"� 18. Borrower's Right tn Iteinstate. !f Aorrower mects cert.�in cunditi�mti.:Borruwer�hall ha.c thc right to have
<br /> S.LCi]Y. •
<br /> � ' .�� enfarcement of this Security M�,trument dixc�nrtc�ed ue any timr prior�o�he:arlier,uf:.fn)5 day+(or>uch v�her period us
<br /> , ..�s�,,. '. ,
<br /> ,_.::.�;',.., '_ • SingteFami�y..Fannie'�eFreddioNa�.l:�IkI1R�11�ti'CRi:tilt:�'1'-•IfiiGuni('uvcnana 9ro0 �pu�e4nje�mrcc.,
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