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<br /> - condemnaiicm or othcr�ukina of uny pun ai'�he Property.ar 1'c�r cc�nveyunce in Ifeu of candemnu�ion,urc hercby uxwianed and
<br /> � �hpll be puid tn Lender. _
<br /> -- In the evcnl of a talal tnking of the Property,the praceedx shnll be arplied to �he suma Fecurod by thhc Secu�ity
<br /> � Ins�timem.whether or nd then due,whh any excess paid to Borrawer. In the event ai a pnniul talcina of the Pmperty in
<br /> . which the Puir market vulue of the Property imrnedia�ely before the�okin�is equnl ta or greater than the Amuunt of tha suma
<br />� cecurc�f by this Security lnstrument immediately beforc the taking,unletix Barmwer und Lender o�herwi+�e agree in writing.
<br /> •
<br /> , � � the sum�icecurcd by thi�Security I�s�rument r,hall be rcduced by the amoum of the PmceedR muldplied by Ihe folbwing
<br />----- -�— fraction: (u)the total amount of the sums lsecured immediaidy beforc the t�+king,divided by(b)the fair madcct vulue of the
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<br /> � • - Propetty imrnediately before d�e �akfng. Any balancc �hall be paid tn Borrowcr. In the event of A partial uking of the �-
<br /> Property in which the fair market valua af�he Propeny immediately bcfare�he h�king is lesc than Ihe amount of the suma
<br /> aecured immedia�ely bcforc the taking,unlccs Bortowe�nnd Lender othcrwise agree in writing or unlcss appflcable law
<br /> �.:' ` otherwlise pmvidec.the proceedc stwll be applied to�he�ums secured by thix Secu�ity Instrument whether or not the sums iue
<br /> �����•r' tl�en due:.
<br /> �LL_ti;;., If the Propeny is abandoned by Bonow�r,or if,after notice by Lender to Borrower thnt tlu candemnor offerx to make
<br /> ��.����:� an award or settle a clairn for dama�es,Borrower fails to rcspond to Lendcr withio 30 days ufter the date the notice is given.
<br />- �_----,,,�� Lender is authorfud ro coliect and app�y the pmceeds.at its option,ei�her�o res�orotion or repai�of the Property or to the
<br /> - ---�°-----•�--��-- :umr eecurcd by this Security lnstrumenU whether or not then due.
<br /> �,-�'=��„-�+` ��— Unless Lender And Borrower ahenvise agree in w�iting,aoy application of procads to principal shall not extend or
<br /> ��1.�. 4'4
<br /> " postpone Ihe due date of the monthly puymenls rcferred to in paragmphs I�nd 2 or change the nmount of such payments.
<br /> '� ���,,r ts;;�' ' 11. Borrower Not Relwsed; Forbeiraqce By Lender Not a Waiver. Extenaion of thc dme far payment or
<br /> '�p`'�.
<br /> r• �• modification of amortizatio�of the sums secu�ned by�his Security Insuument gmmed by Lender to any successor in interest
<br /> x.���::�
<br /> ,,, ',�14 of Borrower shull not operate to rclease the liability of the originnl Borrower or Borrower'�successors in intere5t. Lender
<br /> - � ��==�=="•��' shall na be rcyuired to wmmence proceeding�against Any successor in intercst or rcfuse to extend time for paymem or
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<br /> :�;�;au�:.�i_�• •'., :, otherwise modify iunonizuion of the sums secured by this Securiry Instrument by rcason of any demand made by Ihe origino
<br /> i°�"'-� - ._ _�.:�`��� Bomower or Borrower's successors in intercst. Any forbeamnce by L,ender in exercising any r�ght or rcmedy shall not be a
<br /> ,�, , �-=��-- waiver of ur prcclude the exercise of any r�ght or remedy.
<br /> '�• � 12. Successorc and AssiQns Bound;Joint and Several Liability;Casigne�. The covenants und agreements of this _
<br /> � r.k.:�...".
<br /> '�-':��+.-. �.��• Securily Ins�rument shall bind and benefit�he successars and assigns of Lender and Borrower.subjxt to the provisions of
<br /> •�«s p�rogrnph 17. Bortower's covenunts wnd agreements shell be joint and severnl. Any Borrower who co-signs Ihis Security
<br /> "•:-�;. '� M-"' ,�x Insirument bw dces not execute the Note: (a) is co-signing this Security Instrument only to moRgage,grant nnd comey that
<br /> � � ! •- Bortowerk inteast in the Property under the terms of�his Security Instrumenr, (b)is not pereonally obligated to pay the sums
<br /> M"�`"�'" •" ' ` � secuad by thls Securi�y Instrument;and(c)agrus thnt Lender and any other Barrower may agrce to extend,modify.forbear
<br /> .��, „, .
<br />,�,�;"'• '•: . • .';�*. or make any accommodations with rcgurd to the terms of this Security Ins[rument or the Note without that Borrower's
<br /> _��- , ,� ,, consent.
<br /> ��;. w _ w��� 13. L,oan Charges, lf the loan secured by this Security instrument is subject to a law which sets maximum loan _
<br /> - charges.sr►d thai law is fina!!y issterpreta!so stwt the interest or nther loan charges co!!scled or to M colkcte!1 in c�nnec8on
<br /> � � " wiih the loan exceed the permitted limits,then: (u)any such loan cherge shall be reduced by the amount necessnry to reduce
<br /> �'''•� � the charge to the permitted limit;and(b)any sums ulready collected from Borrower which exceeded pem�ined limits will be
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<br /> � ��� `:�= ;. • . refunded ro Borrower. Lender mny choase to rnake this refund by reducing the principAl owed under the Note or by making a
<br /> _ ,�,. djrect payment to Borrower. If n rcfund reduces priacipal.the reduction will be�rented es a partial prepayment wichout any
<br /> � ��� • pnpayment charge under the Note.
<br /> • �+ � l4. Notiees. Any notice to Borrower provided for in this Security lnstrument shall be given by delivering it or by
<br />. _ �;,,�,,; ., :•� ; mailiog i�by first class rnail unless upplicable law rcquircs use of another method.The notice shall be directed to the Property
<br /> � � 'L., ,.,;, Addrcss or any other address BoROwer designa�es by notice to Lender. Any notice to Lender shall be given by�rst class
<br /> ��„� mail to Lender's address swted herein or�ny other uddress Lender designutes by notice to Borrowe�. Any notice provided for
<br />���� - � ' - in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this
<br /> -_ �' . paragrnph. -
<br />".,� • �' 15. Governing Lnw; Severability. This Security Instrument 4hall be governed by federal law nnd the law of the �,
<br /> ' '4 a,d.M � ' jurisdiction in which the PropeRy is located. In ihe event that nny provision or clause of this Securiry Instrument or the Note ��
<br /> .+�,.,�;���.. ..,,, conflicts widi npplicable law,such conflict shnll not uffect other provisions of thix Security Instrument or the Note which can
<br /> s . . � ',�y�� be given effect without the conflicting provision. To this end the provisions of�his Securi�y Instrument und the Note arc
<br /> .. . . ,� declarcd to be severable.
<br /> .�:�. ,�: •, • 16. Bvrrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Ins�rument.
<br /> : � 17. 7Y�nsfer of'the Property or a BerteBclal lnterest in Borroa�er. If ull or any pnrt of the Property or tmy interest in "
<br /> it is sold or transferrcd (or if a t�eneficial intercst in Borrower is sald or transfemed And Borrower is not a natural person) �;:
<br /> i ��,,.. : ! without Lender's prior written consent.Lender may,nt its option,reyuirc immediote payment in full af all sums secured by �
<br /> . . this Security lns�tumcnt. However,this optiun shull not be exercised by Lender if exercise is prohibited by fede�l law as of
<br /> � • the date of chis Securiry Instrument.
<br /> -�� u If Lender exercises this option,Lender shall give Borrower notice of accelemtion. '[lie notice shall provide a period of
<br />_,-g► , "' ' not less Ihan 30 days from the date the notice is delivered or mniled within W�hich Borrower mus�pay all sums secured by this �
<br /> — � �.... - :.
<br /> _ � � Securlty Instrument. If Borrower fnils to pay these sums prior to the expirution of this periad,Lender may invoke any --
<br /> __ - � '6� ' remedies pemiitted by this Security lnsuument without funher notice or demnnd on Borrower. _-
<br /> 18. Borrower•s Right la Reinstate. If Borniwer meels certuin conditions, Borruwer �hall have the right to huve =
<br /> � •� " enforcement of this Securiry Inslrument discontinued ut any �ime prior to the curlier of: (a>S duys(or such other periaJ as _
<br /> , 1�•• ' Sin�le FLmily-•Pwnnk M�e�Freddk Mrr CNIFt/RA1 INSTRUMENT••Uoifom�Covenom.r 9196 qwgrl o1n/wKesl E
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