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<br /> � � �`������` L�jiN N�. 1 5 3 9 2 1 7 0 9 1 � . • ,
<br /> - ` , �`�.� 10.Cond�mnaUon. The praeseda cf arry awacd or ctaim for damages.direct or consequenUal,In connectlon with . ' ' ' : ;
<br /> , � ._ �i arry con dem n a tlo n or o t h e r i a k i n g o f a n y p a r t o f t t i e P ro p e r t y.or tor c�rne y a nce in iteu of condemnadon,are hereb y , • t` " ` �'�,;_
<br /> �l assigner!and shall ba patd to Lender.
<br /> _ �"� In the everR of a total faldng cf the Property.the proceeds sha11 be applied to the sums secured by this Secudty ,_ �
<br /> � `� J InsWmerR,whether or not then dae.wfth arry excess patd to Borrower.In the everrt of a partiai tatdng of the Froperty tn �� `'
<br /> - � ` ° whfch ths tatr mazket vaiue of the Property tmmedlat�Jy before the taldng is equaf to or greater than the amaurit af the -
<br /> :. �, ,_
<br /> � s�s sec:ured by this Security tnstrumerK immed�tety b�fore the taldng,anla5s Borrower and Lender a4henNise agree in � . � ..%:� ,
<br /> • � wrftlng,the sums secuted by thls Secxulyy instrum�t�i sha11 be redaced by the amount af the raceeds muitiplted b the � - G ,`` �
<br /> cxu P Y ��� . �r:.. ,:;
<br /> -� •� - �onowu�9�rac�on:(a�the total ama�t of the s�ans secured tmmedtatety befare the tatdng,dtvtd e d bY(6)t he f a i r m a r k e t __. • �: � ,
<br /> . , valua of Yhe Property immedlately before the taldng.My 6alance shatl be patd to Borrawer.In the ever�af a partlaf , - � '
<br /> �. tatdng of the Froperty tn which the fair marlcet value of tfie Froperty trnmediately before the tald�g(s tess than the ``�'` ., ';_�;_
<br /> ' ' amaur�t of the sums se c u r e d imm e d i a tety b e f ore t he t a l drtg,u Ness Bnrrower a n d L e n d�r a t h e r w i s e a g r e e(n w r i t t n g o r � �`-
<br /> ' ; uN�sss applicabte Iaw oiherwlse pmvides,the proceeds shafl ba applted to the sums secured by this Secur�y `�f` .�
<br /> . � Instrumerii whether or not the sums are tben due. . �� --
<br /> If the ProFerty is abanc+oned by Bo►rower,or H,after noUce by t.ender to Borrower that the condemnor affers to ' � " � �~
<br />�� � � make an awara or SetHe a c..3im tor 4 arr 3ges,E irrower faIls to tespond to Lender vvithin 3D days afte�the date the -
<br /> � no�ce is given.Lender is authortzed w ceUect and appty the proceeds.ai tts apUon,efther to restoration or repair of the � . '���:
<br /> • PropeRy orto the siuns secured by tfiis Securtty tnstrument,whether or rtot then due. � . �• �
<br /> �. ��`; �, . UNess Lender and Bommawwer atherwise agree tn wdtira�,anY apptfcation of proce�ds to pdrtcipal shall not extend or ;��
<br /> e
<br /> . '" .�;':::� . : postpone the due dais ofthe momhlY paymeMs referred to b�paragrapbs 1 and 2 or change the amourrt of saoh
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<br /> � � 11.Borrawe��at Reteased;Forbearance By Lender Hot e{Pdsiver. F�ens4on af the tlme iar paymant ar � '�: ���_.
<br /> � mad�ication of amortizs�on of the sums secured by th(s Security tnstrttmeM granted by Lender tm any sucxessor in �� "� .c�s;..-1
<br /> . . trnerest of Borrower shafl not operaRe to release the ItabDity of the ortglnal Borrowes or Borrowers successars in �. ;.�; -..;- �.' ;,__:=_.,
<br /> . � . t�etest.Lender shaD noi be requTred to commence proceedings agatnst arry successor in interast ar refuse to adend ��•_�:.�,,t.. . •�--�:_
<br /> Ume for paymertt or otherwise madify amaRlzation of the sums secured by thia Security InstrumeM by reason of any • ;,. - ----
<br />- ..� demand made by the origtnal Borrouuer or Barrawer's succassors tn trrterest My forbearance by Lertder In exercistng ' .�;'��.''�'_--=,
<br /> fr •�.. arry dght or remedy shatl not 6e a walver of or preclude the exercise�f asry dght or remedy. �
<br /> ' ' ' 12.Successoas and Ass�gns Bourtd;Joictt artd Severai LYbif�f;Co-st rtera The coverrtnts and agreemerRs of ', ��
<br /> g :..�,;'T:._��r.;.�-_
<br /> � . . • this Secttrfry f nstrumern strall bind and benefit the successors and asstgns of Lender and 8arrower,subject to the � ��-°'� ' :'.�.--=
<br /> � . l��z-.`'--`.---
<br /> provtstons afparagraph 17.Borrower's covenants and agresmerns shall be jotnt and several.Any Bor�awer who t• ,.� ,� .t
<br /> : � co-stgns thls 3ecuriiSt InsVUment but does noi execute tfte Nate:(a)is co-signing thls Secur(ty InsVUmeM only to "�•��, . :,..,j;,�,
<br /> rr�rtgage,grani and comrey that Borrawer's interest in the Property under the terms of this Security lnstrume�(b)is � __ .:;..;;��--
<br /> � � noi perso�lly obiigated to pay the sums seaured by thts Seaurity Instrume�and(c)agrees that Lender and any other �
<br /> ..�_�- .... Borrow+er may agree to extend,modify.torheaz or matse any sa�omrteadations with regaM to the tertns of thls Securlty ' . ' �
<br /> . � � � Instrumertt or the Note wfthoutthaz Borrower's consent � �� �
<br /> �. 13.Laan Chargea (f the loan s$cured by this Security Instrument Is subjeci to a la�v which sets ma�dmum toan �=4 '.
<br />, .t �. , charges,and that taw is flnaity irRerpreted so that the Interest or other foan charges coltected or to be coUected In -�"'Y'
<br /> : ; � connection wfth the toan exceed the permitted limits,then:(a)siry s�ch loan charge shali be reduced by the amount , � •�� �-.•
<br /> ,` �� necessaryto reducethe chargetothe permitted Itmit;ertd n)any sumsat�esdy coUected from Borrawerwhich .. , `�-'��`
<br /> .` . � � �'�� exceeded perm(tted Iimits will be refunded to 8orrawer.Lender may choose to make this ref�md by reducing the _ - --=�
<br /> � . � � pdndpal owed under the Neie or by making a direct paymern to Bomawer.If a retund reduces prficipal,the redactlon . . �`,�,�-:;
<br /> .. . . ' will ba treated as a partial PrepaymeM wlthout arry prepaymern charge under the Note. � : � .`'�`_{
<br /> ` - � 14.Nottc.aa. My notice to B�ROwer pravided for in thls Secttrity f nstrument sha11 be gfiren by defivering it or by � . � � �
<br /> � " ma�ing ft by flrst ctass mail urdess applicable law�equires use of another method.The natice shall be directed to the � � �"'r�-'
<br /> . �� � Property Address or arry other address Borrower deslgnatea by notice to Lender.Any notice to Lender shail be gtv�n ;,
<br /> .. by flrst class mai)to Lender's address stated hereln or arry other address Lender destgnates by notice to Borrower.My -
<br /> . : nattce pravided tor in this 3ecurity Instrument shall be deemed to have been given to Borrower or Lertder when ghren -. .
<br />� � •} , as provIded In this paragraPh• � �
<br /> . � 15.Goveming Law;Sever�bili9y. This Secudry instrument shall�e govemerl by federal law and the law of the � ���. �
<br /> . urisdlcttan tn which the Property is located.in the event that any pmvislon or clause af thls Security instrument or the � '
<br /> � . � � �ote confllcts with apAiicabte law.such conflict shap not aftect other provislons o!th is Security Instrument ort he Nate � � �
<br /> '�; � whicfi can be ghren eftect without the conflicting pravlslon.To thls end the provlstons of this Security Instrumem and the � , � ,'�
<br /> '� , Note are declared to be severable. . �
<br /> , � . �� 16. eorrovter'e Copy. Borrawer shall be given one conformed copy of the Note and ofthis Security Instrument � � . �..� _
<br /> . . 17. Trenster of the Propecty or a Beneticl�l tn4ere�t in Borrower. If all or any part o!the Property or any -. � �
<br /> ;. interest in it Is soid or transterred(or ff a beneficlal tnterest In Borrawer is sold or transPerred and 8ortowar Is not a . ..
<br /> � � . natura!�erson)without Lender's prior written conseM,Lender may,at tt�optlon,require immediate payment in full of all . .
<br /> � . � .� sums secured by this Security Instrumern. Ftowever.this optlon shall not be exercised by Lender it exercise Is � � ��
<br /> prohibited by tederaf taw�a of the date of this Securlty Instrumeni.
<br /> � j ' '.. �
<br /> .. .. � � NBBAASFLMSIN3LEFlUAiIY-FNMA/FHLlII(CUNIFORMINSTRUMBNT FaRM30289/90 • .�. .�
<br /> ISC/CMDTNE//0792/3028(9-90�-L PAGE4 OF8
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