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<br /> � • � of an of the .or fos coi�veyance in lieu�of CDadCS�m.3tiuon.�arZ�t�y��d�
<br /> cardem�ation ar ottxr ta3ung Y pa�'� �nY .
<br /> . � snal!bepaidto l,arder. ' ' sha0 be a iEM to the sums secuted by this'Securiry°
<br /> in dK evear of a totat tai-iiig of the Pfropeity.the Qrocads Pp�
<br /> = Instmment;��sether os n�thea due,with ar�y excas�aid co Bonowrr. In the eseat of a partial talcing af che Pcoperty in
<br /> � wbich the ta'sr�et value.af the Property immedi�tety 6eforc the t3lcing is eqt�af to or greater th�n the�muunt af ihe sums
<br /> � secuced by this Security,Ins6rument immediatety before the taldng.untess Bdrto��r attd t.ettder other�TS��gtre in uriti��g.
<br /> ` the s�mis secured by tbis Sccurity lnstrument shat!be reduad by the amu�u oi thr proceeds multiplied by�he fotlowing
<br /> — fi�ction: t�)th:tatal amaunE of the sams sc�retl immediate[y befoce ttte t�kig÷d b�(b)[he fa'u market value of the
<br /> , z.__ p��y imrr�tely Defnr�the taTda�. Ang fxilat�ce shait i�e�aid ta Borros�ret �t the e+rectt af a parti.�l taking of t6e- _ .
<br /> propertp in wtucb thc fairtnatket value of the Rnpeny imsnediately 6efore the taking is less than the amount of the sums
<br /> -= seeuced immediatefy before the taicing.unless BortvR'e�.���°�nY���`�'�s or untess applica6le law
<br /> othcc�v�se pcovides.the proceeds shal{be applied tb the sums aecured by this Security Iniuucnent whether or not the sums are
<br /> then due.
<br />=•%+�. If ihe Prapett}is abandoned by Botrower,or if,aftec notice by Lxader to BartQA•ec th5t the caidemnor offe�r.to m�lce
<br /> ' an award ar seule a claim far damagec.Barmwer fa�s m resp�x�d t°i.ender within 3(l days afte�tht date the notice is giveu.
<br />-- - Lender is audiorized w collea and apply the proc�ds.at its agtion.either to rescorscion or rcpa'v of the Pmpeny ar ro�he
<br /> suras seeared by this Seeurity la.smunen�whether or noc then due. a iisation af raceeds to rinci !shali nat eatend or
<br /> � Unless Lender and Bacrower otl�eawise agn:e in ariting.anY PA P P Pa
<br />. ` pusipone ttje due date of the monthSy payments�fe�to in paragaphs I and 2 os change the amount of such payments. �
<br /> �,--' 1}, Borra�rer Not Rcleased; Faabe�nce 8y i.�nder Not a �Valvec Extension of the time far pay�u or
<br /> modificatian of amartizaaon of the su�ns secrued tsY tfiis Security Instrument gr�►teaid by Lender to any snccessor in interes[
<br />� uf Bomnwer shatl not aperate to mlease t}�e liabiiity of the original Borcower or Borrowers successors in inieresl.I.ender
<br /> .:.'�„ shap tlat be tequized to cmnmence pnoceedings againtt any saccessor in inter�,-t or refuse to eatend time far payment or
<br /> .- otherwise modify amortizatian of the sums sec�ued by thu Security insmiment by�on of any demand made by tAe original __
<br /> Bomower ar Borrowers successars in in�� Any��rbearar►ce t�Lender in exesi.sinn any right or remedy shall nw be a
<br /> �• waiver of or�reclude th$exenise of any right or cemedy. � �e Covenants and agreemcnts of this
<br /> '� IZ SuoceswYS and A�ns Baund:Jdnt and 5evet�l Lfa6il�ty:Co�s- _—
<br /> � Security{�.qiurr.ertt si�all bind and benefit the saccessots and�si�s.s of txader and Borrower.subject to the pro�is�ons of �
<br /> ;.,.;�;:' '� , '� p�g�s� &Z�$orrt�ver.s covenants artd agreements sha[!be jaiixt�d several. Any Borrowec cvha co-sigcss this Securicg , ��—-
<br /> .. �nsaumer,t 6ut daes u�tersecule the Nate: (a)is co-signing th'ss Se�.�nty Inslrumem only to moFCgage,grant and rnnvey th�t . ����,,,__:.
<br />- ' :-' � . Bomawer's intcrest in sfi�Fraperry under the terms af tfris Security fr�str�men� (b)is not personat�y obligated to pay the scm.s ��-;:- -_
<br /> . �ecured by this Secumy Ci�trumeni:and(c)agiees tirst l.eader and any other Borrower may ag�ee to extend.modify,for6ear ,�'�
<br />' � �` �.�r� .• : �sr make any accammpdations with regard to the z.�ms of Ihis Secunty Instniment or the Note witho�st tl�at Borrower's . :;�::,,�,���
<br /> %;;.: ,. '. �onsent. � ��:;�-;4.__.m,�:
<br /> . x;;f 13 Loan Ch�rges. If the toan secured by�.his Secarity instrument is subjeri to a l�sz afiich sets maximum loan � �T_._
<br /> . �"r charges.and that law is.fiaally interpteteA so that ttie�e�est ar ather toan charges coltected ar to be coltectcc�i.n connectian y��_�:;,:,
<br /> '`%; with the foan exceed t2��smtted lim►ts,thenc ta}a��sach loan charge sha116e reduced by the amount ctes�s,�ry to reduce ��;:_.�-
<br /> �' �the charge to the pert�ttaf timi�and Ib)any sums aL.�ady caltected from Burrouc-�which exceeded pennit�zi fimits will be ;���..�
<br /> ' ,�r�'s � � refunded to Sotra�ver. �.ender may choose to make ttr;s iefund by�educin=the Qss"�s:�al owed under 1he fYo're or by making a �"`-a=-�-
<br /> � � ���._< •'`�;;H direct pa�Tr�E to Borrower. If a refund reduces principal.the redsa.?.ion ai�1 be t�eated a�a Panial prepayment without an�- ���;��_ _
<br /> f , f� , '` ___.
<br /> ° •�x��:'11�.r,. ci�s� e undes the Note. • s '=
<br /> • ;�'�.y. P�PaY�.._.'�
<br /> 14. 4;,�ttcs� Ar� antice to Barrower provided far in ttu= S�rity Indrument shal!be gir•en by delivering it or b5 ' 1tr;:::���. °'�`�'��
<br /> �` ,� �',rx'����#f(' , g �•t>>,, -
<br /> . ••, � -�;: f ti 1,�: mailing it by Grst class r,rai!untess applicable law mquires use of:�ofher method.The notire shall be directed co the Propert�r -;a:,•. : . '
<br /> '��.-.t� "• r, Address ar any other address Barra�ver designates hg notlee to Lend�r. Any nauce to Lender shaq be given by fir�t class . . ��
<br /> � ��i�� .��r�: .
<br /> ;;;,� . ,�ti;,, m a i l t o L e n d er's address stated herein os an y ather addr�.ss Lertder desigrtates by notice to I3orcower. Any notice provided for . , •,<<t;'r�:',
<br /> nJic� , . �.;a#
<br /> ,: , �,;� in this Security In�+trument ahall be deemed ta have been g��co Barrowet or Lender wE�t given us prov►ded in this ±�3�_-
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<br /> ,:i.�; ��� ;:;;�:�� . 15. Gaverning Law: Severability. This Sec�,:.:ry Instruir�:nt shall be govemed by federa! law an�the law of the , ,, �.-,_____
<br /> • ' jurisdiction in which slw t�ropeny is lorated. In the�e���that any provision or clau�e of ihis 5ecurity Intiirument nt the Nate � _'_:,,�,�__
<br /> <•7'k: '' conflicts with applicaF�!����+v.SQCh CUJIfIICI tillall ROl'd�'��-:1 a�her prmisions of thiti Secuaty Instrun�ent ar the Hate which can , �=�+:-_
<br />.. � ;'�.�:.,`� . . _ .�_
<br /> •.;. ; � .�,���� , be given ef�ect withoui the conflicting pravisian. 7`u this end�he prnvitii��ns af this 5ecuriry In�trumeat and the Note are :
<br /> °,'`;;. . -�.; �';;;` dectaredi;s►;e severable. . .
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<br /> ��'� •� �'�' ;' 16►. �+5rt�w�r's�opy. Borrower tiha11 be 1;iven one confcamJ:d sapy af'thr Note and of chis Security tnstrumem. ; °,�,�;,,s_
<br /> , z ?� � 1 i "�'.��sPec o(•'tiLe Property oe a BeneQcial lntere�st in 3�uas�ow�er. If a!b er uny part of'the Property or any intere�t�n:. :. . .: ��,�_
<br /> • :.�'�� ` it is sold or transferr�:�i ti�r it a bcneficial.intere�t i�Borrawcr iti.ald or traa�r�a��d and Boaower is not a naturul personl } ' '�"'----
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<br /> • ,.. _ r. without l.endcr's prior written conrem, l.ender ma}?:��itv option.rcµuirc imcne:i�.;;e payment in full of t+li sums secured by � . . ��_
<br /> : =''.;�-',�. _�� ' this Security Instrument. However.thi�optian tih�l��at be exercised by Lender ii exercise i�ptohibited[sy federal law a�of ; , • • �
<br /> •,;:�,;.:
<br /> ' ��:' ., ';_ � , Ihe date o�rhis Security tnstrument. • °'
<br /> � " ;. '�: �• (f l�der exerciseg thiti ogtion.V��3er tiha!!�ive Borro�cer aotice af acvrleration. 'i��e c+�ti.�shal}provide a periad of ;;�:r� .
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<br /> ,�,;�--• �..: not lesc than 30 ds�vs fr�m the datc tke?'��ii'p=e is�ei;;�red or maileA wi�hin which Borrowcr r.i:,�;�pay aQ su:nv�ecured by this •.,��.
<br /> �'.'�'::•.. . • Security Instrument. It 9artowcr fai[5�o pay il:c:.��ums prior to�he cxpirai.;+:r�of Ihi�perioA. Lendcr'nuY invake any • z%,;. .
<br /> � ''' remediec pemiltted by tt:iv Security im:rumcn�wi;���p�funhcr notice ar deman�t.r.r_.3vnuwer. �; t �
<br /> � � ?-- ' ., i$. So�rower's Right to Reinsea�te. If Barrnwer mect� certain cun4:tcc�;., Borrcawer �hull have thr right to have !I'.
<br /> r• � .,�'.�,.: enforcem��:t oi this Security Inti�rur._�r�t discominued:u any timr prior i��the eariier af: tai�d�yti lor�uch ailier perin�i�� � ,
<br /> Singtc family�-iunnle�1rdi'rcddie Sfac l'�(FI�RSf I�tiTltl''tV^3,�'i--1'u:;�-,Co�cnant, 9�90 /puteJ n/n p,;.�; i�`
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