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<br /> . condenmation or other taicing of m�y part of tbe PtopMy.or fa coarcyauue in tieu af caade�atioa.m ha�eby usignad ud ..
<br /> eh�l!be paitl to Leoder. : . . • '
<br /> ,_ In�6e erau of a mta!_ytcit�g_� � tde sluiU�be qp�i'_�ed to the§ums.sec�t�ed.b�--th-is Sac�'- _ �--
<br /> - -- `- --------- --or net--t eTi�n�ue.wit�any excess to wer. eve _ a � -`—_ -� _
<br /> --� �vhich the fair martcet value Qf the Prapeity immediateiy tsefo�e the takutg is equa!to or,g�►ter than�ar��au�t uf tlte sums S_ .
<br /> secured by this Sa�irity Instrument imq�Miat�Iy l�efare the taking,nntess Borrower and Let�dtr ahenvise agcee Ri writing.
<br /> ' ' tbe s�s.secu�ed byr this Secudty Ins�ur�t sha116e�rduccd by the amount of the proceeds�nulaplied by the�ollowing. .
<br /> fractian: ta)the tatal�mount aF tbe snms secured immodiatety befora thc taking.divided by(b)the fa'sr market v ue of the . .
<br /> ��nY t��Y before tt�mYing: Any bat�na sh�il 6c paid ts Boaowr� In tht eveai of_a partial takieg of..the -
<br /> ��r in s�hicb tl�e fais sna�fet vatue of tLe Pr�perty immediauly b�foce the taking is hss Ihats the amaunt of the sums r
<br /> � secw+ed immediately befor�c thc t�kia�g.uatess Borrower and Lcrxier ntbenuise agcoe in writing or unf�s applicabk taw �.
<br /> — otlxcwise prm�des.tt�e proceeds si�all be applied t�the sums secu�d by this Security Insuum�mt w6ethor or not the sums are
<br /> .tt�cm due, . " � . �
<br /> , lf the gropeny u a6andp�ed by Bomawer.or i�afta naice by Lender to Borrower that the condnnn+or offecs to m�Ee
<br /> . ` an aw�d or settte a ciaun f�dariages.Horrower faits to`m�w Lxnder within 30 days aftev the date the rwtice is givea. . .
<br /> Lender i�autharized to coltect and apply the proceeds,at its opnon,either to cestor�[iun or rrpair of tfie Ptnpercy or to thc
<br /> . � sums sec.ured by this SecuriFy Tnstru►►ient,whether a not tlxc►due. ` -
<br /> Unkxs Lender and Borrawer rnl�envisc ag�ee in'writing,any application af pra:�ds to priacipal shal)not eauend or
<br />- postpaac ttie due date af dx ma�thiy paymems refernd to in pacagraphs 1 and 2 or chaage tLe ameunt of such payments.
<br /> 11:Barrorrer Not'Rdeased; Forbearanae By I.eader Not x Waivec Extension of the [ime for payment or
<br />';.y modif`ication of amortization of the sums secuced by Ihis Sec�uity Iirtrument granted by Lender to any successar in intersst - -
<br />--- of Borrower shali nd opecate to rekase the liabiliry of the ociginal Borrowes or Bortawer's suecesso�s in intenes�Lender -
<br /> -- shall nof be required to cumaience proceedings aga�nst aa7ir�SOr in iaterest or tefu5e*o.�~tend tir e for pa;�mevE or
<br />-- utherwise iuu�ify amortizadonof the sums secvred by Qsis 5eaai�y Inswment by reason of any deinand made by the uriy,:nal ,
<br /> '�;� �$otrowet ce,8ormwer�s successo�s in intecpst: Any fas8�e bY.1-ender ia exe�ising any right or remedy shail rtot be a
<br />_ - waiver of orp�eclade tt�exescise of any rigM orieme3}�.� .
<br />- '1Z Se�tesso�s and Assi�ns Boaod:]ai�C��Several Li�b�litY;Co-sianets. The covcTtant4 an�,,agteetaents of this .
<br /> ` S�nrity lnsfmment.sha11 bind and 6enefit the a'�cessocs and assigas of Lcmder ancl Borrower,subject to the pruvisions of
<br /> � paragraph 17.Borrower's covenants and agreemenu shall be joint and several.Any Bocrower who co-signs this Securiry
<br /> ? Instrumet�t 6uE dces not ezecute the Natr. ta)is co-sisning this Securiry Inswment only to rrrortgage.grant and convey that
<br /> ;�.:= Borrotver's inter�est in the Property under the terms oP this Security instrumen� (b)is not personally obtigated ta pay ttrc�
<br /> � secuied by this Securiry Insuumen�and(c)agrees that Lender aad a�►y other Borrower may agnee to extend ittodiE}+.forbear
<br /> or malce any accommodatioac with regard to ihe tecros of this Security I�araynent os the Note without that Borrawers :
<br /> 1 . wn�c. .
<br /> � r' i� I,aao Charges. If the loan securcd by this Seeurits�=€rt.�rument is subject to�a iaw which sets maximum,toan
<br /> ' eharges,ar�d that law is finaity interpreted so that the intere.s[or aeher loan charges colleued°ez to be collected in con�ection
<br /> e
<br /> -'witb the toan exceed the permirted limits.then: (a)any such Ioa��i c3�arge shatt be red�czd i�t�e amautu ne�essary t4 tedvice
<br /> the charge to the permined limi�and(b)any sums atready collected from Bormuer R�tic£���c�ded{�ermitxed limiis wifl be
<br /> afunded to Bonower. T.eader may choose to make this refund by reducing ti�e p�ci�at ou�ed,under the ho�e or by making a
<br /> . ;��'; � direct paymem co Borrower. If a refund reduces principal.the reductioa wifl be�'e�atect as a partis+l pre�}�.aent wuhout any � � —___
<br /> , ' prepayment charge under the Note. • �°'�_ -
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<br /> � � _ �.. - , 14. Notkes. Any notice to Borrower provided for in tHis Security lnstrument shall be given by delivering it or by - ���.;,-
<br /> =.���:�-�
<br />. - � mailing it by fitst class mail unle�.s applicable law mquires use of another method.The notice sha1l be ditected to the Propetty -;�i:�:°�"�.
<br /> :.+ ���'s . Address or any other address Borrawer designates by notice to Lender. Any notice to l.ender shall 6e given By first clacs -.��
<br /> . ,'�.;� ,::.,,�,�. r��-: mail to Lender's address stated hemin orany ather:�ddrcss Lender designates by notice to Borcower. Any notice provided for -_--
<br /> ��`"�'-' '�:i..: in this Security ]nstn�ment shall be deemed ta have been given to Borrower or Lender when given as pravided in this _ __
<br /> ' ParaBraPh. ' �. �^SM►E�=�
<br /> ' , l5. Governirtg Gaw; Severability. This Security Mstrumeat shall be govemed b}�federal law and the lAw of the
<br /> �:�'�"'-
<br /> _ jurisdiction in whicb the Prapecty is lacated. In the event that any pravisian or clause of th"ss Security Instrument or the I�iote ���;�—
<br /> • }:•" canflicts with applicable taw,xuch canflict shall nat affect other provisions of this Security tnstrument or the Note whicb can � -
<br /> �•�. k• be given effect witho�che conffictirtg praviria�_ �'o this end the provisions a€this Security tnstrumenx and the Note aze :' . . ' r
<br /> ''Y. - declared to be�everu8:�. . i . . :�,;;�:.';
<br /> � '� 16. Bon�ower's Copy. Basrow�,r shall be given one confonned copy of the tiate arrd af chis 5ccurity Instrument. . �. ,�,.', ;,;::.;
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<br /> ;� 17. Transfer of the Propert�os a BeneQclal lnterest in Barrower If all or any�art af thc Prapetty or any interest in • � :•
<br /> ` it is sold or transfened tor if A bene�cia{ interest in 8orrowcr is sold ar tr�.sfcFred artd Borrawer is not a auturul person) • • .-
<br /> __ ' '��✓ withaut Lender's prior written can.r-ent.l.ender may,at ity aptian,reyuire imer;;diat�payment io full uf nll wms secured by I, � , . . • __
<br /> s'� this Securiry Instrumenl. Howcver.thiw aption shaU nut bc excrci.ed by Lender if exercisc is prohibited by federal law ati�i' • .:� .
<br /> "�. the datc oithis Sccarity Insfrumenf. "` •'
<br />• �' � If Leader exerciscs this option.�,ender shall givc Borraa�:r r.aticc af acceteratian. The auticc ahall pravide a.periaci of � � ',''� '
<br /> . � not less than 30 day4 f'ram�hc date t1r�notice is delivered or maited within which Borrower r_'�st pay a(1 yum�tiecured by this ' ' ;;�;::��:�;;
<br /> ' Security It�.+trument. li Honower faik to pay the�c sym�prior ta �he cxpiratinn of t�-i�peii�d. l.ender may invnke:u�y ' �
<br /> ` ' ••t� � remedies pem�itted by this Security lnstrumcn�with��ut fLrthrr natice��r demand on Barroa-er. � .
<br /> � �;:•" 18. Borrower's Right to Reinstate. Ii B„rrowcr meet�ccrtain cond;ciam. Borrower tihall have thc right�ta have '
<br /> � '. *� �`�=� � . enforeement c�f thiy Security In�:trumcnt diticunlinucd at atty time ptiar tn the eartier of: tai 5 day��or such��ther pernxl ati � , t.
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<br /> _:�?�` tiin�;le Fam�t�-•F'unnk�taelFreddie�tac C�1F'(/R1U\tiTRI%S1F:�'f--L�na�m Coven:m�r 4l90 ipuee J�Jn pu.L,•u � • .
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