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<br /> candemnailon ar aher taking of eny pan oi the Praperty,or for conveyonce in fieu of condemnotion,arc hereby assiQned und �'"""'�
<br /> �- �ha!!be pafd to Lcndcr. - _-
<br /> '�:.�. - :�._� _ • In the event af u tatol taking of the Pmpeny, the prxeeds sholl be applfed to the sum� secured by thi+s Saurhy
<br /> � lnstrumenb whe�hr or nat U�en due,with a�y exccsa p�iJ �u Bunuw�r. in Ihn event of�pphiai trkiuµuf thc f'toperty In •--_--- -_
<br /> � �• • ' whic6�he fair ma�ket volue of the Property immediately before the taking f�equal�o or areuer thao the amount of the�umh
<br /> ' . . . . acurcd by thia Security Inaltument immedistaly before the u�king, uniea�Barrawer and Lender othcrwiee AQr�r fn wdting,
<br /> ' � " • • ihe tums tecurcd by thl� Security Imtrument shwll be rcduced by the mm�unt of the proceeds multiplied by the tallowing
<br /> " fnction: (a) the toiol amaunt of Ihe�uma�ecured immediately beforc rhe�akfng,divlded b�•(b)Ihe fair markel vAlue of the __
<br /> � Propeny immedia�ely before the taking. Any balmce:hall t+n pwid�a BnROwer. 1�the event of p pnrtiAl taking of the _. �
<br /> Property in which the fair mazket value of the Propeny immediaiely befora the taking is kes thpn Ihe amount of�he wmb Y -
<br /> ---1 � -" ., � �'- ,�c.u►�d lmmedlaecly 6cfore the tuking, unless Borrower pnd i.�uier n�herwire agree in K�ritina or unless applicable law ��:��__'_��-
<br /> � � othenvise provide�,the proceeds shall be applied ro the sum:secuRd by thi�Secu�iry?n�trument whather or not the sum�are `�.,: —.._
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<br /> ' thendue. ':�.=;�=��.-
<br /> � . If the Pmpehy is abandoned by Barrower,ar if,after notice by Lender to Bortower�hat the condemnot offers to meke . .=,-;,�,,:.�:-_-�_�
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<br /> �n s�wArd or settle a claim far dwnagas,Borrower tails lo rcspond to Lender wilhin 30 deys after the date the notice is given. .. ...• •,;�•��:
<br /> ' Ler�der is�uthodzed to collect and apply the proceede,at ita op�lon.either to rcitoration or repair of the Property or to the � �
<br /> i wms 4ecuRd by this Secudry Inatn�ment.whethar or not then due. t
<br /> � Unless Lender and Barower otherwfxa pgrce in w�f[ing, eny application of proceeds to princlpal Rhall not cxtend or �Y--
<br /> � . pos�pcxie the due date of the monthly payments referred to in peragruphe 1 and 2 or change the amount of such paymants. �a._---
<br /> •� 11. 9orrower Not Releasedi Forbearnna By Lender Nat � Wefver. Extenafon of the time for payment or t:'•v��'�.'..','E�-�-_-.
<br /> ' � modification oi sunortiution of the sums secured by this Secur�ry Inairument granted by Lender to any successor in interest �.-�=;;�
<br /> of Borrawer shall not opernte to rolease the Ilabillty of thc original Borrower or Borrower's succeasor:4 in intercat. Lcnder ` ;
<br /> � shall nat be requiad to commence pracudings egainst any successor in intercat or refuse to extend time for payment or � }___
<br /> � � otherwise modify amonizatfon of the sums secured by this Securiry instrumeM by reacon of en��demend made by the orfginol � _ _-
<br /> `�.;;.�;'."� � ' � Borrower as 8orte+wer3 auccessors 1n interest. Any forbearAnce by Lender in exarcfain�an)�right or rcmedy shall not be a �� -.;�±��!;r'�=,-�._.
<br /> :�,;,- ` ' � ; . waiver of or prcclude the exercise of eny right or remedy. � �''` .�a�'
<br /> ';:�'. 'r;,,.` .� 12. S�occessorc and Assl�ns Boand;Jofnt and Several l.i�bilil�;Casignen. The covenants and agrcements of this • -
<br /> . Securitp Instrument shall bind ond beneFit the successors and assi�:ns of Lender and Borrower,subject ta the provisions of . ''"
<br /> '�;'t� '� ' paragraph l7. BaROwer's covenants and agreements shaU be joint and several. Any Borrower who ca•signs this Securi�y � .,.°;,�;,`��,--_
<br /> �;�.�'':;',�,-. � Inswmen�but does not execute the Note: (a)is casi@ning�his Security Instrument only to monsage,grant and convey that 1 �. �';r�.:=.
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<br /> �,•„��;,� Borrower�interes�in the Prapeny under the tertns of this Security Instrument; (b)is not personally obligated to pny the�ums ; �1•�>:;: _-
<br /> ,�,.,,. eecurcd b y this Security lnstrument:and(cl agrcex tha�L.ender and Any other Barrower mu�•agae to extend,modi(y, forbear �b+:0��1�4v�;r���:`��-
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<br /> ,:; or make�ny accommodaUans with regard to the terms of�hi�Securiry Inswment or�he Nate withaut that Barrawerk :
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<br /> 13. Loan Charges. If�hc loan secured by this Security Instniment is subJect�o a Inw• which setc maximum loan ,�-,,�__
<br /> chsuges,and that law ix finally interprcted so�hnt Ihe interest or dher loan charges collected or to be collected in coneection �-�°_
<br /> _ 1 with Ihe loan exceed the permined limits,then: (n)any such loan charge shall be reduced b�•the amount necessnry to reduce ���a=
<br /> - -.-,� _:_- ; !he cha�ge to tht permitttd llmit:end(l+)nny R��mR already cnllec�ed from Bormwer which exceeded permitted limlts will be �•"'� � �, ,
<br /> rcfunded�o Borrower. Lender may chaose to make this refund by reducing the principnl owed under the Na:e or by making a �„c='
<br /> • d[nct payment to Botrower. if a refund reduces principel.�he reduction will be trated as a partial prcpayment without any --�-""'°.
<br /> , prepe��ment charge unde�the Note. �-
<br /> . �� • 14. Notices. Any nalice to Bormwer provided for in this Security Insitument sholl be given by delive�ing it or hy ::�-.�-.
<br /> .,�::��-----
<br /> � meilinF U by fi�st class mail unless applicuble law requircs use of another method.The notice shall be dirccted to the Prapeny �-
<br /> Address or any other addrcss Borrower designates by notice to I.ender. Any not�ce jo Lender shall be given by first ctoss '"' �s,':
<br /> � meil to Lender's addrcss stated hercin or any other address Lender desfgnates by notice to Borrower. Any notice provided(or � , '�r"'�R��:
<br /> , fn this Security lnstrument shall be deemed to have been given to Borrower or Lcnder u•hen given as provided in this !:, �'"'``°'
<br /> P�g�ph� �- _ —
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<br /> 1S. Governing L�w= Ser�erabillty. This Security Instrument shall be govemed b�• federal lew and the Iaw of the � =�a-°
<br /> jurisdiction in which the Propeny is located. In the event that any provision or cluuse of this Secu�iry Instrument or the Note �,��-•
<br /> � ��-
<br /> conflicts with applicable law,such conflict shall not nffeci other provisions of this Security InstrumeM or the Note which cen �, ,,,A--
<br /> be given effea without the conflicting provision. To this end the provisions of this Security(ns[rument And the Note arc !-=�_-
<br /> � :__.
<br /> declored to be severable. ., ;;�
<br /> 16. Borrower's Copy. Borrower shall be given one confom�ed copy of the Note ond of this Security Instrument. �%-_���° .:,.�.
<br /> 17. Transie�oP the Propert��or a Beneficlal Interest In Borrower. If all or nny part of the Propeny or any intercst in � --
<br /> „ � ft is sold or tranaierted(or if a beneficial intercst in Borrower is sold or tmnsferred and Bomower is not a naturel person) { •.s,r�._,:�,-�� -
<br /> ' ( without Lender§priar wriuen consent.Lender may, at its option,reyuire immedio�e payment in full oi all sums securcd by ; ;
<br /> this Security lnstrumen►. However,this option shall not be ezercised by Lender if exercise is profiibited by federol law as of k:.-:>... ,�
<br /> • the date oi this Securhy Instrument. r' _::,.:-.
<br /> If Lender exercises this option.Lender shaU give Bormwer notice of nccek�ution. 'llie notice 4hu11 provide n period of � • ;`''-
<br /> ° not kss�han 30 deys from the dete the notice is delivercd or mailed within which Borcower must pay all sums securcd by this . �:�a:'"":`�
<br /> Security In�lrument. lf Borra��•er failc to pay these sums prior to the expiration of this period. Lendcr may invoke any `, ' ` .-
<br /> � , r�emedies permitted by�his Security Ins�rument without further notice or demand on Bomower. �
<br /> • � 18. gonower's Right lo Reinstate. If Borrower meets cenain conditions, Borrower sholl hove the right to have
<br /> enfotaemenl oi this Security Instrument discontinued ut any�irne prior to�he earlier of: la 1 S dnys lor such other period ns
<br /> SfnQle Famiy--F�nnk M�dFreddk M�c l:KIFURM INSTRUMENT--Umform Ca�•enwna 9f90 qwk�a n/A pa�lesl
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