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<br /> � � wad�n�nonQr a11�er t�icia8 of�i►Y Part of ihe Aropetty,a f�x cos�vey�nca in lieuof c�dm�n�a�,a�e 1�e�ebY usisned#�d. '` �
<br /> ` sl�all be p�id tol ender.`. � • • . � ` c
<br /> 'ya Ma tcent of a taa�akinS of the.R�q�ertY,tlrc��slwll be apptied to t!rc suin�socuRd by tlus SecuritY
<br /> ����a�ot then due.with any excess p�id to.6onowcr. irt the ev�nt of a putiat�ts�ing of the Propetty in,�_ -
<br /> � � �hicb si�e fair sn�cicet value of t6e P.raperty immediate[y befat the taking is eqaal to a gn�ter tliaaa the?maint of the sums -
<br /> secui+ed.6y this Sauairy insuumeut immediately before the taking,ant�s�orrower a�d Genderwl�ecrwise agres in wripng. ;.:
<br /> --- ..... Az_,..:...��.Sbatt!r_�ceY1 h�r�heamouat af�he groc�_multiplied,bg the followmg -
<br /> --� _.�smns-s�ii�a�n.���un�- - - - —
<br /> fr�ctioo:'{a?���t of the sums secuced immediately 6efae the taking.divided by(�b�e�a�i— et v ue
<br /> pmpeity i�i�diately`btfaG�he tating, Any batu�ce ch�116e paid_m Boaower. in the eveat of a pariial t�lting of the i
<br /> Pinpatg iu which the fau rt�azlcet valire of tb�e Prape�ty.unmediately befae the_t�ting is ksc[f�an the anxwnt oi ti�sums ,
<br /> sectuod immediately b¢fore tlre•talcing.unless Borcower and�Lender othenvise agree ur wrising or untess apQticabte law .
<br /> �o8ierwise provides�the proceeds shall 6e applted to.the sums secuned by this Secumy i�trmneutwhether or aot the sums ace
<br /> t6en due. � � .
<br /> � , tf the Ptopercy is a6andoned by Barowcr,cr if,atkr notice bg Lender w Harrowec.that the candemnor offe�s to make
<br /> �award or seuk a ctaim for dart�ages,Borruwe�fai�s to respaix!toLender within 30 days after d�e d�te t!x ratice is given.
<br /> � Leader is authoriud to coUect�nd apply the proceedS.at its option.either to restaatlon or reptir oi ttie Propecey or to tbe .
<br /> sums secured by this Security List�uimea�vrhether or not tl�m due.
<br /> Unless Lender mxi Bamwer otherwise ag�ec in wridng,any applicatio�of proceeds to principal shall not eactend or`
<br /> pq�tpoae�he duc dau of tfie manthlS+WY�nts iefemd w in pa�a�raphc 1 and 2 orchange the amount of such payments.
<br /> — 11. Sorro�rer Not Relessed; For6esr�nce By l.ender Nat a Waiver. Extcnsiaa of tNe time fac payment ar
<br /> - mo�i�icatkn of art�tiz�ia�of the.sums secuced by tl�is Security tnsuamast gianted by Lender to any successar in inunsE _
<br /> � of Bomnvrer si�a11 not operatc to release the li�bility of ttie ariginal8omnwer or Borrowers successors in inter+es�Lcnder
<br /> sd�a11 nat 6e ioq�ed[o com�ce P�aings agsunst any snccessor ia�nterest or refuse to extend time for payment or
<br /> . �erwise modify-a�sxnti�tioin of tl�e sums secuced by this SecuAty Insdtunent by rca-son nf any demand made by thc ariginat —
<br /> � � � $ar�ower or Soaovres's.�uooe.+w�s in interesf. Any forbearance by.Lender in exenFising any right or remedy shall not be a •
<br /> -:; waiver of or p�xludeti�e exercise of any right or remedy. -�covenaats artd agroements of tlus
<br /> 12. Swoas�oes Aad As�sig�Boo�d+�dnt and Severnl Lis�bilitY,Casi�e�:
<br /> - Security Iasu�ment shall bind aud benefit tlte successors and assi8ns of.Leadec�and Borrowe�.sub;�e�ct to the pcav�sions of . _ --
<br /> paragraph 17.B�rower's covenants and agmements shall be jolqt and�eral-Any Borrower who�-signs this Seeurity ---
<br /> 1L�suument but does aot execute the Nnte: (a)is co-xigning this Securiry[as�vment oaly to mortgage,grant and convey that , _
<br /> -Hvnowers interest in the Property under tAe tecros of this Secarity htstn�snent; (b)fi��Pe��Y°b�i8�iO�y�s�
<br />._�, secu�d by this Secvriry lnstrument;and(c)agrees that I.ender and any otlrer Bmzuwer may agree to e�ctend,modify,forbear � Qr:.�
<br /> or make a�y accAmmodatians with c�egard to che tenns of this Securitjr:lnstrument or the Note without that Borrawer� __�_
<br /> . consen� ' . - —_- -
<br /> 13, Loan Charges. If the taan secured by lhis Security Instraai�:st is subject ta a law which sets maximum toan = _
<br /> charges.and that taw is finariy interpreted so that the interest or other loan charges coltected or ta be wtlected in eonnection --
<br /> with the toan exceed the pemEiued limits;then: (a)any sudi loan charge shall be reduced by the amount necessazyrto reduce
<br /> m iu
<br />-r� the charge to the permitted Iim:�and(b)anY sums already collected from Boaower uisi�6 exeeeded pem�itted timi�s will be _�
<br />.. r� refunded to Borrower. L�ender may cl�oose to make this refund by redacittg the principz�owed utider the Note or isy rnaTcins a -
<br /> direct payment to Botrower. I�a refand red¢ccs principal.the reduction�vill be mear�as a partial psepayment without any ------
<br /> prepaytnent charge andertlte Note. ___:_-�
<br /> !4. Notkes. Any russicc to Bortower provided for in this Security Instrument sbaU be given by deliverirsg it or by =- �:,_^_-,
<br /> maitins it by fust clnss mait v.ntess applicahle law reyuires uye of another method.The notice shall be directed ta t[ye Property ,,�
<br />_ Address or any other address Bocrower designates by nauce to Lender. Any norice ta I.ernler shall be given tiy�ast class ���-
<br /> :.•f�=?�
<br /> •. mail to Lender's address ctated herein or any other addre�.c Lender designa.tes by notice to Barrower. Any not�ce provided for :,.;�,,.�:,
<br />`,�, in this Security Instrument shall bc deeaerd to have been given ta Borraa�er or l.ender when given as provided in this •�.; •;;�•`
<br /> `. � :• paragraph. _°'�l`�`,-
<br />- " ' 15. G��ing Law;3everability. This Security In�uument shall be gorerned by federal taw and the taw of the � .�'�-;
<br /> `:� � jurisdiction in which the PrQp�rty is lacated. In the event that any prorision or clause of thi.s Security lnstrument or the Note � , ;;�,��_
<br /> �� canllicts with applicable la�u,such canflirt shall�at affect other prov�s�on.c af thi.r Sec�ity Instrument or Ihe Note wfiicb can =' f ,,, .
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<br /> . be given effect without the rnnflicting pracGCi�n. To this end the provisionc af thiw Security Instrument and che Nate are �. <<
<br /> declared to be severabte. . . .:;_
<br /> 16. Borrower's Copy. Sorrawer�haii be given one canformed copy of the Note And oithis Security Ynstrument. ' •.r. s :`
<br /> • 17. '1lransfer ot the Pr+�perty or a BeneQciaUnterest in Borrower. If a11 or any part of thc Property or anu iaterest in -,,�,X�,.-��
<br /> � it is sold or transferred(or if a beneficial interest in Borrawcr is wld or trantiferred and Barrower is not u rtatural penon) :�..r�:�
<br /> ' without l.ender�prior wriuen consent.Lendcr may.at its option.re�uire immediatc payment in full of all sums securcd by �;`_
<br /> ;� :,' this Secur�ty Irtstr�ment. Nowever.this aption shall not be exerci�ed by Lender if excrcisc is probibited by feder�l law as of '���'`,�_v_�;.
<br /> the date of this Security 1n5�trumem. • " ~"`
<br /> � If Lenderexercicec thls optian.Lendcr�hn11 give Barrowcr no�ire nf acceleration. The notice sholl provide A perlod af _ ��=�"=
<br />' not te!�v tha��p day�from the etate the no�ice iti delivcred or mailcd wlthin which Barrowcr must pay all sumy recured by this • _ ' ' _
<br /> ' Security lnvtrumcnl. !f Bortower fails ta pay thc�c �u:ns pdnr ta the expiration af ihiy pericxt. l.ender may invoke any � =' = � •
<br /> ' � remedics pe.�nitted by Ihis Security Intitrumcnt withaut funher natice or demand on Borrower. �
<br /> s� ��' 18. Bovrower's Right to Reinstate. If Borrawcr mccl� ccAain ronditionw. Barrowcr shall havc the right tn havc .
<br /> - :r enforcement of this Security inrtrumem di�cantinued a[any time�+r�or to the rudirr of: (a�5 da}4(or such other period as
<br /> . . ,;�_'. Singlc Famity..Ivnnk�tac�Frrddie S1ac l"%IE llitll I�tiTNI'�tErT•-Uniform C�+vcnant. 9i90 i pucr���I h�Nrgc.v� .
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