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<br /> � condemnapan or dher�aiiag oC any part of the Ptaperty.or for co�sfoyance ia 6en of c�tdemnatian.aze 6erebl assi�d acW
<br /> s6att De p�d to L�nder. �� - _ •' •
<br /> In the event of a tot�t talcing af ttie Prape�ty.the pcoceods shall,be applied w ti�sums secured by this�ecurity
<br /> � iaswment.whethet or aot d�rn due.with aaY rxcess paid to Bvrrower, tn the evenE of a pa�tial taking of tf�e Ptopeecy in
<br /> ,� wliicA!hc fair inar(cet v�tue of the P�aperty immediatety before the talcing is equa!ta ar greatcr than the mnount�f the sums }
<br /> � secuned 6y this Socuriry tns�unxnt immediatety 6efore the tnking.unte�s Ba�rowcr.and Lender ntl�wisc agree in urciw�g, .
<br /> tfie sums secured by�i,c Security fnsuument shall be mduced 6y the amourtt af the proceeds multiplied by the failowing
<br /> -- fraction: fal the toat amouot of il�sums�sec��d immediately befo�the taking.divided by(b}tve fau m�dcst�ratue of.� _
<br /> Prope�ty irnnxdi�tely befoce Ihe talcing. �Lny balaoce shall be paid to Bo�rower. in thc_event of a Qartiai tafcing of� , ,.
<br /> Ptoperty in+vhich the fair marlcet value of tl�e Froperty imrnediate[y befote tfie,taking i�tess than the amount of the sams
<br /> sccured imcnedeately 6efore.�he tatcing.unlesx Bonuwer and Lende:otberwise ag�e ia writing.or unless appticable taw
<br /> otBerwise pmvides,the prceeeds sha11 be apptied to tt�e sums secured 6y this Securiry Insuumen[whether or not the sums are '
<br /> - - d�en due. �
<br /> -- if the Pmperty is a6uida�ed hy Bcxroxrer.or if.after aotice bg Lcnde�to Aqrtowa t[rdt[h�catdemncx off��to make .
<br />-���. aa awacd or settCe a claim for damages,Bamwer faiG�ta respond to Lendei within�0 d�ys after,the date the nqtice is giren..,,
<br /> = Lender is authorixed to coltea 3nd appty.the proceeds,at its optiva�.either to:t�toraticx�.cx�paiF of the Pmpeity�or to tt�,-
<br /> . sumc socunod by this Se+cucity Instramen�..whetl�er ar.not then duc . � .
<br /> Unt�s Lender�nd Barrmver ott�erwise agree.in,writipg..an}:app[icaricm of pn�ceedyto pciq�ip�s4a1t nW:eau�nd or..,. - ---
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<br /> pastpone.the�ue.daze of the monthlY paYmen[s rrfertec�to ia paragraphs t and 2 or chaage the amount af:such pa1���ntnts.
<br /> Il. Borro�er Not Rekased: For6sarance By i.ender Not a Watref- Eaten�ion of the time.tar.payment ar. --
<br /> • modification of amoct'uation of the sums secured by this Security Insuument granted by Lendcr to any succes.�ar in intecest - -
<br /> _ of�omuwer sfiali not operate to release the Iiability of the original Boirower or Borrawer's suc�essocs in interes�.I�r =____
<br /> - sha!{aot be cequired to canmence praceedings again.n any successor in interest ar refuse to extend time for payment or _
<br /> othe�wise modify amu�tizatian of the sums secutpd 6g this Security Instrvment by cea5on of any ciemand made by the origmal . ____
<br /> � . Boaower a�orrower3 successars in interest. My for6earance by I.ender in exereising any rigt�t or remedy shall not 6e a =
<br /> - ` waiver of or preciude the exercise of any right or mmedy. • � �- ---
<br /> . ;-,;. l2. Suocasars aad A.�signs Bonnd:Joint 9nd Severnl l.isb[lity;Co-sipters. The coveaants and agreements uf this ""��
<br /> �'_`:;'• '`:�`° Security Insuumert shall bind and benefit the successors and assigns of Lendcr and Boriower.•subject to the provisions of '� "
<br /> • '•��'�v{` . paragraph 17.Bomower:s covenants and ageements shail be loirn and se4eral. Any Borrower�vho co-signs this Security -��5 -
<br /> � �� _ ate• a is co-si in t6is Securit Inswment oN to maltgage.Srant and convey that �`-.:�"{.�
<br /> » ,� ', . Insmiment but dce4 naexecute the N . t l gn 8 Y Y {.;';�r-%'-,__
<br /> �; �' �-- . Botrower's interest 4n the Property under the terms of this Security Instrument; (b)is not personaUy obli�ated to pay thc sums
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<br /> •-�n.,.. � secured by thi�,Securicy Instncmen�and(c!agrees tlmt I.ender and any other Bomower may agcee to extend,modify.forhear �•
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<br /> , • • or make an},ar.commodations with regard to the temis of this Security tnstrument or the Ntare withaut that�orrowe�'s- •��*-n{�.:_
<br /> _• .!A'�..fF�44'�.. . CORSCII� • . � �' '•4:���.
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<br /> • 13. l.a�n Clu�rges. If the toan secured by this Security Instrument ic sutiject to a!aw•�,liich sets maximum loan •,,�};�;�__
<br /> - � charges.and that 1aw is fimlly interpreted sa that t6e.�arerest or other loan charges collecte8 or to be collected in connection
<br /> ..' with the toazr exceed the.Aermitted limit�.then: (a)a����such taan charge shall be reQuced by the amount neces.sary to reduce -•���1=
<br /> ,' ''' the charge to tt�e permitted limir and(bl any su�ne already collected irom Borrawer which exceeded permitted limiu will be ;:.;.�::
<br /> '�+ ;..:,,:�j;j `'" rcfunded to Sorrower. t.ender may choo�co make this refimd by reducing the principal owed under the Note or by making��. =.; .r::c= -„�
<br /> :;�K�;� i.;: - direct paymeru to Qarrowee. If a refur��.r�sces principal,the redactian will be treared ati a pacti�ll prgpayment wnhout an}��;,: ; � . _ -
<br /> prepaymer.E cirarge under the Note. .
<br /> �:�::��;-::•. • �<. �=�:` 14. Notices. Any notice to$orrawer provided far in this Security Inswment shaU be Fiv,�n by detivering it or b}�,'•; . �n
<br /> ,':`�:;�:.:. ;�f,.. mailing i�by frst clacs mail unless applicable law requires use of Another method.The notice sha'.E bed"+tected to tha Property • ___
<br /> �:���. • • .. Address or.any other address Bocrower designates by notice to l.ender. Any natice to l.ender s�:alF ba given by fint class . �-:
<br /> ' �� ,, ' � mail to l.ender's address stated herein or�.^�y other address Lcnder desip�ates by notice to Barrow•ea Apy notice provided for . .�t,
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<br /> in this Security.lnqtrument shall be deem2d to have been givea to B�rrower or t.cnder ahzs given�.ti provided 'm this
<br /> ?`�r r� :': paragaph. , :. .
<br /> _ �,�'�r:`�::` 15. Governing Law; Seveeability. This Securitp Instrume�t.shail be goe:me�by fcdeFal law and the law of the _
<br /> ' '' "�'`" ';`' jurisdiction in which the Praperty is tacated. In the e�•e�s tGai a,1y.provisian or cfausc of this Security lnstrument or the PIote
<br /> . '��'�"``,- ,' /' conflicts with a licable taa+�,such canflict�halt not affcct oth:x pr���isioas af this Securiry Mstromcnt or thc Notc which can
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<br /> _ {�given effe;.!without the conflicting pravision. To this end the ptpvisians af this Secunty.i:��*_rument and the_Note are � •.. '"
<br /> � . ""�"�"; � . declarect to be reverabte. •'�'_
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<br /> � � �;;:l. ' ' 16. $orrower's Cn Borrower�hul!be �ven one conformed co oi the Notc and of this Seiurit lastrument. ,
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<br /> , '` ,��;�;;.�,-�,._ 17. Tr�nster ottl�Property os a Beneticial lntevest in 8orrower. lf all or any part of thc Property or Any intercyt in �, r=
<br /> � �:'i�"�c �: ',; it is sold or tranafened(or ii a benc�cial interest in Barrower ir�old or tramferred and 8arrower i�not a naturai per�on) � �� '?�
<br /> � :��=�';`: without Lendcrs priar written wnsent.Lcndcr may.at i�c option,requirc immediate paymcnt in iull af ali�ums secured by i:
<br />- .-,:.... . _.-
<br /> , •• "°�.§.•�,; �:..,. :;'�� .: this Security instrument. Hawe�er,i his aptian s h a l l ea t b e exercisec�hy Lender ii'exercitie iz p:ahibited b y federa!!aw ac af ,
<br /> `='�..•_�- . �he date of this 5ecurity lnstrumcni. (
<br /> ,�:��r. . � . � . . •
<br /> .__,._•._ .,._, If Lender exercises this oplion.Lcnder�hall givc B�rruwer noiiaa af ucceleration. Thc naticc shall provide u peric�d af f.•
<br /> ,. � ' not lesc than 30 dayy from thc date thc notice iv drlivcrcd or mailed a ithin�vhieb Bonuwer mutit pay cdi.ums secured by this f; .
<br /> � • _ � Securiry lnsinimen�. If 8ottower fail�to pay these yums prior to thc expirution n(thi� prriod.l.ender may invoke rny � ..
<br /> � . � remedies permitted by this Securiry ln�,trumrtn withaut further notiee or dem:u�c�aa Aarrawer. � • :
<br /> � , ' . ' 18. Bptrower's Rlght to Reinstate. 1f Bonawcr mcets certain cnnditian:. BnrroHer shall havc thc right t}�ha�e � �
<br /> *�="=�,•, , enfoaement af thiw 5ecurity lnstrumcnt di�ontinucd.0 i�ny time pri�t to thc earticr of: !at S duy»,lur yuch olhcr penod a� .
<br /> f,,;...:, . . SinetcFamitp•.iannkNae/Yreddie�tarl-�IF1)R�tl�ti'CRCS�fitii'-,!'mtonn(��vcnant� 9140 �pay�r4u�li�.ers� �;` �
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