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<br /> . - .- . . -; . . _ . _ . � _ -�; g2-�-_ �fl �s� _ . - �
<br /> ` . . �condpawtion or dher tsAing af any�un of tt�e P►operty.or far conveyynce in.lieu o15�.are t�neby +� s ,
<br /> abrl4e '' ' `
<br /> — - p"d�°Le�tst�- •ta��s�a€arw P�at�r��shat�L.f�� 4��_��.�' this 5°ctrrt�'_ _ -
<br /> Tnstnunent:whether ur not�hert du�.with 9ny excess Q�d m Bortower. In tde pvent T S� , . .
<br /> whkD tl�e fais n�rtcet value of tt�e F�e�ty tmmed�atsly befote thc talcing is ec�ual to or gneater tirm the�ntount of tht�ms
<br /> � secu�ad bg this Security Insttument immedi�ely befar the tafcing.unkss Boauwer and Lender�i�Mwise agtee in writing. .
<br /> the sums savred by tAis Socwiry�hxm shal{.bt neducdd bY thc�mount.of the proceeds multip{ied by t1�e fdfowing
<br /> f�cti�p: (s}t6e totat aoiouee of the sums securcd immediatety 6efar ttu pkin�,divided by(6)the fair market v�tue oEtAe ..
<br /> _ ptohettSr imrtxdi�tely Eefoce ti�e taiciag. Any b�L�nce shaH 6e paid.ta 8arower in the event of a�tial tikitsg-flf 1I�e - —
<br /> EO
<br /> ` Ftopeiry in whicb tbe fair muket vatue af dx Pro�enY immediauly befo�tNe taking is kss than thc a�ttau�t af the suans
<br /> sccurod inxnediaiety befae tfie tatcing.unless Barov►er and t.eades a�lk►wisc�gree tn writing or uafess applipbte taw. ,
<br /> � atl�wise p�ovides.ttx pruaeds shall be applied ta.the sums sccuttd by this 5ecuricy Instrument whether or nat the sums ane .
<br /> ' then cWc.
<br /> If the Ptc�pertY is ab�ndaned bY Bortovirer.or if.�fter notice�y Lender w Borrower thu t6e cund�cmt�or offers to m�lco
<br /> an awud a senk a cl�im for damages.Borruwer fails to respond to Lender withm 30 days aftertbe datc the notice is given. .
<br /> 1,ender is autfiorized to cottCCt and apply the pcoceals.at its aption,ehher to testor�tion ar rcp�dir of the Propeny or tu tt�e
<br /> sums secured by this Security Inswment,whetUer or not tlxn duc. '
<br /> - Uatess i.endcr anct Bassawer-ostxmie agKe in writing.any a�+lication of lxoceed5 to princpat shall not satu�d ar -- -- —
<br /> - - postpone the dut d�te of the mantdtY�►Yrtxnts referred so in p�'agrrphs 1 and 2 orehange the amo�int af such paYmsnis.
<br /> - IL Ror�wa Nd Rekased: Forbesn�c�BY Lende�' Not s Wairer. Eatension of ttse ame�for Payment ar ..
<br /> - modification of amortizatio�of the sums.secured by ehis Security(nstn�men�gratited by Lender taat►y�uccessor ia inte�est
<br /> � of Bacower sl�all not operate to ntease the liabihty of thc original Borrower or Bonower's•successors ia interey�L.ender
<br /> slu�l� not be requiced to sommene proceedinBs ag�nst any successor in interest or refuse co exteud time far payrt�ent or
<br /> _ othrnvise modify�nort�zatian of the sums secured by ttus Secunty TnsuumeM by reasqn of any demand made by the ong�nat
<br /> - � Boaower or Borrower's successas in inte[est Arry fcxbearance by Lender in e�eercisinS snY right or remedy shall nat be a .,_ �
<br /> waiver ef ar peclude the exersise of any righe or t�emedY• �covenants and agneemeats of this
<br /> - • 1Z. S�cesoars a�d As�s BouAd;l�t aod&veral Lia6ility:Co�si�ners•
<br /> - � Securiry Instrument shali tiu�d and benefit the successorg and assigns of Lender and Borrower.subject to the provision.9 of �
<br /> parngraph 1'I.Borrower�covenants and agreements shall be joint and several.Any Borrower who co-si�this Securiry . . __ —
<br /> Instrument but does not execute�he Nate: (al is cn-siBainS,this Security 1a�n'ment only to mortgage,grant and con�ey tbat. : e�-
<br />.:..`�; Barrower's interest in the Property under the xertns of this Security tn.rirument: tb)is not persom�ItY obligated to pay the sums
<br /> secured by this Security In.mument:and(c)agrees that l.ender and any othee 8orrower may agee to extend.modify.forbear �„��
<br /> �m�s�y��modat�pns with�gurA to the terms of this Security Instniment ar the Note withaut that Borrower's ���
<br /> conscn� ��y
<br /> 13. La�n Chstrges. If.the toan secured by this Securiry Tnstrument is subject[o a taw which se�s maximum taan � �:�Y,
<br /> � charges.and that 1aw is finally interpreted so that the inter�st or ot1ier loan charges coilected or to be caAected in connection =— -
<br /> ''� with the toan eaceed the permitted limi�y.then: ta)any such lonn cflarge shall be reduced by tGe amount necessary to mduce
<br /> t6e charge to the permiaed limi�and(b)anY sums alceady coltected from Borrower which exceeded perm�tted limi�s wili be
<br /> - refunded to Borrowec. [.ender may chaose to make this refund by reducing the principal owed under the Note or by making a
<br /> ' direct paymeat to Botrower, tf a refund reduces principul.the reductian wiU be treated as a partial prepayment without any -
<br /> ; . : ,;; prepayment charge under the Note. �
<br /> 14. i�iatkes. �Any notice to 9o�otver pro•rideQ for in this Security Instrument shall be pven by delivering it or by .F�_,Y.r1y.
<br /> w �".x� mailing it by first c[ass mail unless applicable law requireti use of another me�hod.The notice shall be directed to the Property •�.Q.�•x�:�,
<br /> • ^` Address or an}other address Borrower designates by notice to Lertder. Any notice to i.ender chall be given by first class �^�,;,.}�
<br /> mail to I.ender's address stated herein or any other addresti Lender desibmates by notice to Bonower. Any notice provided for • ^,,�,�-
<br /> in this Security Inmacrr�t.shall be deemed to have been given tn Borrower or l.ender when given as prov�ded in this � =�.x" •„�.
<br /> ,�' .,_. •:.- —
<br /> P�S�Ph• ��;`-., "--i`:
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<br /> 1S. Governing Law: Severa6ility. This Security Instrumcnt shall be govemed by federnl law and the !aw of the :,:�:.�:�-
<br /> `� •= jurisdiction in which the Prapeily is located. ln the event that any pravisian or clau.+e of this Seeurity 1�lrument or the Note ._:::fs::_Y__
<br /> `'� : i:� conflicts with.applicAble taw.snch conflict shall nat AfFect uther prdvi�ionti of this Securiry Instniment ar the Note which can ,..�.�..y_-_
<br /> ���'' be given effect withaut the cunflicting pravision. To this end the pnrvisiony�f this Security Instrument and the Note are �°�-`�_ �= —
<br /> ' '�'� declnred to be severnble. -�' -~—
<br /> . ;��:, 16. Borrower's Capy. Horroa•er shall be given ane cnnformed capy of the Note und of this Security In�saument. , ' .-;�;;.�`
<br /> � -.� 17. 11Canster ot the P��nperty or a Beneflclal lnteresf in Bot'rawer. lf all or any p:ut af Ihe Praperty or any interest in ;, ��
<br /> it is saE�er cransferred(ar if a bene�icial interest in Borrower i>u�ld ar transferred and Barrativcr is not a natural perzon) °�„�;�;
<br /> without Lerrder's prior written cons�€�t.ender may.At its aptian,aa:t�ire immediate payment in full af aU sums sccured 6y 3r:x'�
<br /> �� this Security Instrumcnt. However,this option shall no�he excrc'sse�by Lender if exereise is prohibited by fcderal law as of _ :- _�*�!"'
<br /> _' ,,,`_--
<br /> - the date of thi!►Security lnstrument. , ..x
<br /> ..,.
<br /> - � lf Lender exercises�.5is apfton,l.ender�haU give Borrower notice of ucceterazion. The notice tihall provid�a period af ,;,; •• 1, '���.
<br /> t"', not less than 30 days from the date the n�tice is dclivered or maileci within which HaRnwer muyt pay aU sums�ecured by this _ ``�',�.•'
<br /> �; ..
<br /> - Suurity Instrument. If Borrawer facwti to pay thc.re sum� prior to the expiratiort of thi�periacl,Lender may inv�ke any
<br />' , �� .�+ri,�: �, � remedies permiucd by this Sccurity In+:rument without fur►hcr noticc or dcmand on 8o:soia•r�.
<br /> ` 18. Nbrrowee's Righ! to Retnstate. (i'Bi�rrowcr mcetti cerl�in conditions. Burrowcr�hall have thc right tQ have , ,
<br /> • enforcement of this 5ecurity lnstvument discontinued at any time psiar ta the earlier��t: fn)5 day.tar such other pencxf�s .
<br /> , Singlc Family••Fannk{taelFreddie Mx 1:�1E'UIlN 1�51'Nl��1k%T--1'nifurm('u�cnanh 9l40 �pu.e�•��,/npu.Ceu . , ' '
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