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<br /> awMMmiwien ar�W�iy of wy p�rt d ehe Prcpaiy.or ta ooawy� i�Il�w d ooNdw�wio�.an��i�d rd,
<br /> iW b�p�id bi.MldOr. . " ,. : , .
<br /> in the �r�nr ot�taal taWn�ot�he Proproey.dfep�qeds iliiU be�opplied !o the� �ecYned by"el�k Sae�eeiRy
<br /> b�aumer�t.wMRMr or nat d�eu due,with�ny excaw[NI 'd tv��omow�. I�.d�a even�at�p�rtia.talcin�af dls l+�npa�ty N
<br /> widd�Uir(iir n�rket vdue d die Property tmn►�diately before thc+u�kinj iR aqu�l a or�w1er�h�n IA� amount of d�e wm�
<br /> �ecvrod by thi�5ecurity in.ttument immedlstoly betae tNe ukinj.unku Barower and l.ender othetw�i�e y�ee in writjn�.
<br /> d�e w�n�recurod by this Security inwun�att sh�ll be reducbd by the anount of d�a procood�n�ultiplied b the fdlowlej
<br /> frodbn: (a?the toul amoiu�t ot tho�um�iocu�ed immedlately blfae the taking.divlded by(b)tbe filr �valuo of tha
<br /> P�operty immedl�uely betoro tho akin�. My b�l+mce r!►dl be p�id w Barower. le tho evant uf�p�rti�l t�kin ot tho
<br /> Prope�sY in whkh�ho fuir nwitet vdua of ehe iio�erty inunediuely betoro tho tdcin�is kss Ih�n the��d�wr�u
<br /> �ecw�ed immodistely befam tha tdcing�unleu Borrower�nd Lender dherwfse �re.o in writin�or ur+las�pplic�bk law
<br /> othe�wlie provides.the prooeeds�ll be appUed w�he sum��urcd by�hia Security Inbwment wheUrcr ar not tho wm�are
<br /> d�en due.
<br /> If d�e Property�S�banda�by Aamwer.a if.�ftm m�licn by i,r�lCr lo Bum►wcr liwt Qw car�dernttw'offcra w make
<br /> �n awud or seplo�cl�ira for c4mages,Bamower fdla to respond w Lertde�within 30 days after�he du��he notioe is given,
<br /> Lender is wthorized to collect�nd rpply�he praceode.at its aptiai,eithsr w rcstoratlan a rep�ir of ih�e Property or w the
<br /> wms socurcd by this Sectuity Instrumeat,whett�r or not thrn due.
<br /> U�kss Lender and Borrower otherwise agne in wrlting,any epplicadon af pmceeds to principl ahall not extend a
<br /> poapone�he dua dite of the monthly payments rofemed to in para4r�pha I u�d 2 or change Ux amount of such payments.
<br /> 11. Borrowet Nat Relea�edi �beanince BI 1.eada' NW � Walver. Extension oP the drna for paym�mt a
<br /> mbAlfkation of�on of the sums secw+ed by this Security Inst�ument granted by i.an�ler w any succeasor in irUet�i
<br /> of Bom�wer slull not ap�snto W release�he liabiliry of the original Borrower or Borrowerh suaxssars in interest. Lcnder
<br /> ciwll not bercquircd ro comrrx�ncc procecdings agAinst any succeasor in intcre�t or�cfusc to extend dme foe pay�reent or
<br /> otherwise ma�ify amortizetion ot thc sums secured by thia Secu�ity Insdvmenl by reason of any dem�ud rnade by�iio originol
<br /> Bomower or Bormwer'§successors in intcrc.�t. Any forbearc�nca by Gendcr in cxercising any riaht a►emedy shall not be a
<br /> waiver of or�xxlude the caercise of any right or amedy.
<br /> 12. SuaYSSOrs�ud Assi�as Bound;Joint nnd Several Linbllity;Co-�ners. Tha covenantx�nd agneements of this
<br /> Secu�ity Insttument shall bind and benefit the successors and assigns of Lende�and Bormwer.subjM to the provisions of
<br /> paragmph 17.Borrowcr's covcnants and agrennents sholl be joint und Sevoral. My Borrawer who ea-signs this Security
<br /> In�tnunent but daes not eaecute the Note: (a)is rasigning this 5ecurity Insuument only to mortgage,grnnt end convey that
<br /> Barowerk intenesl in 1hc P�upeny under the tcrma of U�iK Secudry Instrument;(b)is not personally oblig�ted to pay the sums
<br /> secured by this Secu�ry Insnument:wid(c)agree.s thal l.ender und any other Borrower muy agree to extend,modify,forbear
<br /> or malce any accommadutians with regard to the terma of this Security Instrument or the Nae without that Bomower`s
<br /> � consent. •
<br /> 13. l.�wn Clwr�es. If the loun secured 6y this Securiry In�trumeat is subject to a law whicA sets maximum lonn . .
<br /> charges.and that iuw•iR finnily intetprcted so�hat tha interest or other Iaan charges coiiected ar to be coiiect�d in connection
<br /> wilh the loan exceed the pem�ined limits,then: (u)nny such taan cHarge sh�ll be reduced by the omount necessury to reduoe .
<br /> �he chargo to tFie permitted limir und(b)uny rurns niready coll�cted fmm Barov�•er which eaceeded perrniUed limits wlll be
<br /> rcfunded to Horrower. Lender muy choose to make this refund by reducing the principal owed under the Note or by making a
<br /> direct payment to Bormwer. If a refund reduces principul.�he reduction will be tmated e.w�pertiel pmpayment wlUwut any
<br /> prepayment charge u�de�the Notc.
<br /> 14. Nolices. Any notice to Borruwer provlded for in this Security Instrument xhall be given by delivering it or by
<br /> muiliog i�by first cla.es muil unless applicable luw requires u�e of nt�other melhod.The notice shall be di�cted to the Propeny
<br /> Address nr nny other address Borrower detiignutes by notice �o Lender. Any notice to Lender shull be given by fi�t class
<br /> mail to L.enderk uddress stuted herein or any olher uddmsx l.ender designates by naice ta Borrower. My notice provided for
<br /> in this Securily lnsuvment shull he deemed to huve been given la Borrower or Lender when givrn us provided in this
<br /> P�Brnph.
<br /> 15. Governing Law= Severabllity. This Security Inti�rument xhall 6e govemed by fedeml law ond the luw of the
<br /> jurisdiction in which the Property iti locuted. In the event thnt any provi�ion a cluuzc of this Securi�y Instniment or the Note
<br /> contlicts wuh applreaMe luw,xueh conf lict shall not airect other provixions of ihis Securi�y Instrument or the Note which can
<br /> be given effect wilhout the conflirting provision. To this end the provisions of thi+Securily Instrument and the Note are
<br /> declared to be severable.
<br /> 16. Borrower's Cupy. Borrower shall t�e�iven onc conformcd copy of�he Notc anJ of thin Security lnstrument.
<br /> 17. 71�s�nster of tAe Property or�Beneflciwl Inte�est in Borrower. If all or uny part of the Property or uny interest in
<br />- it is sald or transfemed(or if a benePici�l intere,�in Borcower i.sold or trnn�Frrmd und Borrower i�nat a nutuml perwn)
<br /> without Lenderti prior written consent,Lcnder muy,at its option,reyuire irnn�ediule payment in full of all sums secured by
<br /> thiR Security Instrument. However.lhis option Khall not be exercixed by Ixnde�if exercise is prohibited by federnl law as of
<br /> the date of this Security Inxt�ument.
<br /> If Lender exercisex thi��ption,LenJer shul l gi��e Borrower nolice of acceleralion. The notice shall provide u period of
<br /> not less thnn 30 duys fram thc dutc the noticc is dclivcrcd or muiled within which Borrowcr must puy all sums securcd by this
<br /> • Securiry Instrumem. If Borrower fuilx to pay thesc�ums prii�r ta the expiration of�his period, Lender may invoke any
<br /> remedies permilted by thiti Securily Instrumem wilhoul furthcr noticc or dcmun�i on Bormwer.
<br /> 18. Bon�ower's Right to RelnstAle. If Burmwcr mech rcrtuin runJitiun+, Borruwcr .h;dl heve�he rigM to huve
<br /> . . enforcement of this Securily Instrument dikomi nued at uny time priur to�hc rurlicr ot: (ul S days tor�uch rnher period us
<br /> Singlc Frmiq••-Fapnk NadFYe�Wk M�c UN1F1)R�t 1\S7'RUMIiNT•�Unitixm Cnreni�nn 9/90 �y.¢r 4 njd ry�N��.cl
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