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<br /> candemnuion or other takin�of any{wt of tha Prc�eny.ar fur ca�veywice la Iku of�sondenu ii�n����n�y�csi�ed�nd
<br /> �afl bc paid to Lend�:rr.
<br /> In 1hc event of a Wul t�king of the Pmperly. the� �hall be�ppNcd to tha �umR �cured by thia Secudry
<br /> Inswment.whelher or not Ihen due,wlth any exceas pai to Dormwer. In thc event of e partial laking of�he Propctty in
<br /> whkh tha fiir mruket value of the P�+o�erty immadiately baforc the taking is equAl to or greater�han�hs amount of die cums
<br /> socu�ed by lhis Savrity Instrument immediately befora the wking.unkss Borrower ond Lender otherwise ugrar in w�iting,
<br /> the sums saund by thia Security Insaument ahall be nsduced by IhB amaunt oi the pmceeda mul�iplied by the fdlowing
<br /> — f�ction: (A)the total amount of the sums securcd immedivtely befarc the taking,divided by(b)the fafr morket valuo of the
<br /> � PrnpcKy immediately before 1he taicing. Any balance sholl bc pai� to Borrower. In the event of a pwtial Wking of tho
<br /> Property in which tt�a feir market valua of the Property immediutsly bcfore the taking is less�han�he amount of tha sums
<br /> securcd immediately beforc the taking. unless Borrower and Lender ahenvise ugrce in writing or unlcss appltcwble law
<br /> o�herwise provides.the proceeda shall be�pplied to the sums secured by this Secu�ity Inatrument whether or oot�he sum�u�a
<br /> ` ��a�.
<br /> If the Pioperty is ab�u�doned by Borrower,or if.afler notice by Lender to Borrawer that Ihe condemnor offers to make
<br /> un awar+d or sepk a claim for danwges.Borr�wer fails to rcspond to L.ender within 30 days after the date the notice is given,
<br /> Lender is anthoriud to collect and apply tha proceedg,at its option,eithar�o rcstorWion or repair of the Ptoperty or to the
<br /> aums secured by this Securiry Instrument,whether or not thcn due.
<br /> Unlesa Lendcr and Borrower otherwiRe agrec in w�ting.any upplict►tfon of procceds to principal shall not extend or
<br /> poslpono the due dnte of the monthly payments referrec!to in paragraphs I and 2 a change the amount of such payments.
<br /> 11. Barrower NW Released; Forbearnnce By I.endcr NM a Wniver. Exiension oP the time for payment or
<br /> -- modiftcation of amortization of the sums isecured by this Security Inst�ument granted by Lender to any successot in inte�st
<br /> - of Bomawer shall iat aperate to release�he lia6iliry of the originAl Borrower ar Borrower'�successors i�intercst.Lendar ,
<br /> shall nat bo�yuircd to commence praceedings agninst nny succe.ssar in iaterest rn rcfuse to extend time fur payment or
<br /> otheruvise madify amoriization of ihe sums ssecured by�his Securiry Instrument by reason of uny demand made by�he original
<br />= Borrower or Barrowerk successors in interect. Any forbearance by Lender In exercising any dght or remedy shell not be a .
<br /> � waiver of or preclude the exercise of uny right or remedy.
<br /> . 12. Successors and AssiQns Bouad;Jdnt and Severpl l.inbilily;Castgners. The covenant4 end agreements of this
<br /> • Securiry Instrument shull bind and 6enefii the succe:�sors and assigns of Lender and Borrower,subject to the provisions af
<br /> parrgraph 17. Borrowera covenunt�and agreemenG� shull bn joint and severril.Any Borrower who co-signs this Security •
<br /> , Instrument but does not execute thB Note: (a)is co-aigning�his Secu�lty l�auument anly�o mortgage.gront and cunvey that
<br /> Borrower�s interest fn the Propeny unde�the terms of thic Security Instrumenl; (b)is not personally obligatcd to pay the sums
<br /> securcd by thiR Securily InRtnimanl;And(c)ugrees thnt Lender and any dher Bar�awer may s+grce to extend,modify,forbear
<br /> �
<br /> or mwke any accommodations wlth regad to ti�terms af thia Security l�trument or Ihe Note without that Borrower's
<br /> consent.
<br /> _, � __ 13. L.aao Char�es. If the lonn secured by this Security Inatrumeot is subject to a law which !cets maximum loan
<br /> _ °����a,Y s — .� chnrges,A�d�hs►t iaw is finuiiy intcrpre�ed so that�he in�eres[ar a�hcr loan cbarges coilccted or to be rnilected in c�m�:tion
<br /> , a..`':,:; with the loan exceed th�perrnitted limits,then: (a)any such lonn churge shall be reduced by the amount necessary to reduce
<br /> �j������i��f`"'�"''"' the cha e to the rmitted lirnir,und(b)an tiums ulr+ead collected from Borrower which exceeded rmitted limit4 will be
<br /> f `4•;'�::1.� r S P e Y� Y Pe
<br /> ��•• � refunded ta Barrawer. Lender muy choane to muke this refund by reducing the principal owed under�he Note or by mnking a
<br />:v;'�. �;��"�� �,; direct payment to Borrower. If�refund reduces principul,the redua�ion will be aea�ed ag u partial prepaymenc without any
<br /> • �*� prepaymant charge under�he Note.
<br />._ a,,.'`� » 14. Notices. Any notice to Borrowe�provided for in this Security Instrument shall be given by delivering it ar by
<br /> .• t�,t `='' � � � mnilin it b first clu�s mail unless A licnble luw re uires uhe�f unother me�had.Tha notice shull be directed to the Pro rt
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<br /> • Address or uny aher uddrexx Borrower designutcs by notice to Lender. Any ndice to Lender+hull be given by first clnss
<br /> '`:•;•' " .��>;��'��;,f muil to Lender's uddress xtuted herein or any o�hrr aJdresx Lendar dexignateti by noticc to Borrowcr. Any�otice provided for
<br /> ��� ' in this 5ecurity Instrument shall bc dcemed to huve been given to Borrower or Lender when given ax pruvided in lhis
<br /> ;,i' �r�:•�..;��k paragruph.
<br /> '���+ ^��+. �. :•�t� 15. Governing Law; Severability. Thi� Scrurity Inr�trument shull be governed by federul law und Ihe luw of the
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<br /> •� jurisdiction in which the Propeny is lui:uted. In the event thut uny provixion or rin���nf rhi.Security Inurument or the Note
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<br /> — ,; ��(.,i.}��.� y' � contlicts with upplicublc luw,xuch rontlict shull not uftect othor prx�visiuns of thi,Security Instrument or�ho Nute which cun
<br /> . ' ,.y'�. ,, be given eifect without the contlicting provisiun. To thiti end thc provisinn+�ut'�hix Security Inhtrument and the Note ure
<br /> � �+', ., ..
<br /> ;, „;;,;„�,:.... .�y,�.,, declured to be reverable.
<br /> l•:" -'.:+.• ?ti,�i; 16. Borrower's Copv. Barrow•er shull be Fiven ane conformed copy of the Nnte und of thi+Security Instrument.
<br /> ''• � ,rv,,;. l7. 'Ihmsfer oP the Property or A BeneBcfnl lnterest in 8orrower. If ull ar uny pun of�he Property or any imerest in
<br />_" •�"�'�s..,Y. ' � . � it is sold or trunsferced (or if a beneficiul intcn:s�in Borrower is sold or tran+ferred:u�d Borrower is not a nAtural person)
<br />„� , ;,., � '� widwut Lender's prior written can.ent, l.endrr muy,at its option,require immediute puyment in full of all sums securcd by
<br />'���4 ,~h �,:.�''. .:• ������f� this Security Inxlrument. However.�hir:option r:hull nw be exercised by Lender if�xercise is prohibited by federal luw as of
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<br />�`.::;1° :•,.;:.:.:-a,;;+�;.�., the dAte of this Security lnxtrumcnt.
<br /> �• ' ,`it;;.' If Lender exerciges��hix up�ion.Lender shull give Borrawer notice of uccelemtion. The ncNicc xhall provide a periad of
<br /> �:�,a�,,,1.`.. ::: ', not less thun 30 duyx from the date the nn�irc is dclivrrcd nr mailed within which Borrow�r mutit puy ull xums xecured by this
<br /> ���'-°� " `F� Securiry Inslrument. If Barrower fails to puy tlxse sums prior to Ihe rxpiracicm oP thi.�x:dai. Lender muy invake Any
<br /> � � �'�'"'`'`�'�� � remedies rmined b this Srcurit In��rument without furtlxr notirr or demand an Bormwer.
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<br /> '' '� • • 18. Borrower's Rlght to Reinstute. If Borrower meetx ren•rin conJition., Borruw•cr shull huve Ihc �ight ro hove
<br /> �,''�'� enforcement of'this Securit {nstniment dixconlinucd ut an limc rior to thc carlicr of': (u1 5 du ti I�x'rueh other riad as
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<br />- �..• • : Sinple Family..Faank Moe/Freddk Mue t'NIFORM INtiTRUNENT•-Unfii�m�Cuvenunt. 9/90 �pogr4„1�N+X�'.��
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