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<br /> caxkmnxtlon a whcr tMkln�of any p�r�of Ihe Property.cr tor ccnvey�nce in Iku d condemnRlfdf. �hr�eby+a 2 �nd
<br /> t1uJl�e paid to Lender.
<br /> ln the avant of s tatal trking of the Property. the�aoa.M� �hdi be �ppUed to�he surtu�ocur�ed by thi�Socurity
<br /> Instrument,whether or nat then due.wi�h any oxce�a ta&xrower. In tho event oi+�puli�l t�lcin�of tho Proper�y ih
<br /> which ihe idr tn�ticet vdue of the PrupeAy imnsediuely boforo tlk t�icin�is eyual to cx�tar ttw�tho�mount af�he sums
<br /> aecuned by this Secu�ity Insuument immediwtely bofo►e ihe twkinQ,unkss 8cx�awe�ond L.ender otherwire Agrce in writln�,
<br /> the sums sxured by Ihis Secudty lmtrument�hdl be roducod by the unount of the multiplied by the falbwiny
<br /> frnctian: (al Utie tatal amaunt of the:ums so¢urcd immodiwtely heforo the I�king,divi by(b)Ihe fAir mukct vpluo ot the
<br /> Propeny immediately beforo Ihe trking. Any balutca rhall be p�id to Boaawer. In�he event of a putlel taking of the
<br /> Property ie which the f�ir rtur�et vAlue of�he Property immodiately befae �ho tdcing i:less lhan the amount oP�he wm�
<br /> �, sxured irnmediately befae�he teking,unless Bortawer a»d Lender otlxrwise a�ree in wnting or unkss applicabk law
<br /> whernise provid�.the proceats ciall bo�pplied ro�he swns secured by thi:3eciuity Insltument whether or not the sums�ro
<br /> then due.
<br /> If the Prope�ty is abandoned by Bwmwe�.or iP.after ndke by Lcnder to Horrower that iht condemnor ofPers ta�wice
<br /> an award or seak a claim for dameges.Borrower f�iis to respond�o Lender within 30 days after the date ihe nottce is given,
<br /> � ��" � � Lender is nuthorized to collect and apply the procads.A1 its optiun.either to�osto�tian or ropair of the Property or to tho
<br /> stans sxured by this Security Instrurtunt,whether or not�hen due.
<br /> rt Untess Lender and Bcxrawer otherwise agree io wri�ing,s�ny applioudon of pnxxeds to princlpal shall rwt eztend a
<br /> postpone tho duc data of the monthly paymenta refemed to in parugmphs I and 2 or change the wmauu of such payments.
<br /> . d,;. 11. Borruwer Nw Rdeased; Forbearana By Lender Not a WaWen Extension of thc time for payment or
<br /> ': madificatlon of amortization of the sumc secured by this Security Inst�ument granted by Lender to any successor in interest
<br /> �•, „`: � �=d°�.' of Borrower shall not opernte to release the Uabiliry of the odginel Borrower or Borrower�s successors in interest. l.ender
<br /> "'xj'°"�"��`'�I'�• shall not bc rcquired ro commence proccedings against any successar in interest or refuse to eatend time fix paymeot or
<br /> �''���`�'•"'� '� � �l' �� otherwise modii amortizatian of the sums secured b this Securi Insdument b reasan of an demand made b the ori Mal
<br /> .,ur •.,r.,•:, y Y �9 Y Y Y 8
<br /> %'�`�•��.`r•''�:� � ���;'' 8orrower or Barrower�successors in interest. Any for6earance by Lender in exereising any right or remedy shall not be a
<br /> ''''•`r,•:;:<� ,•� ,'�; ';� waiver of or preclude the cxercise af nny right or remedy.
<br /> �'''�t`f:���,l�'��'�•:� :` 12. Successors and Assigns aound;Joint aad Sever�l LiabHity;Casignera. The covenunts and ugrcements of this
<br /> •;��; '•�?'�`''�`''' Security Instniment shall bind und benefit the successors sind assigns of Lender and Borrower.subject lo the provisions oi
<br /> ;�,��,,.::;;.;:`, .. � paragrnph 17. Borrawe�� covenants und ugreements shull be joint�nd several. Any Borrower who co-signs tbis Securiry
<br /> • • Instniment but does nat execute the Note: (a)is co-signing thie Security lnstrument only to mortgage,grnnt and canvey thAl
<br /> '�' �ti'+' ' .. . Borrower's interest in the Property under the certnx of this Security Instrument: (b)Is not personally obligated to puy�he suma
<br /> . . secur+ed by�his Securily Instrumenh und(c)agrees tha�L.ender and any other Borrower muy agree to extend,modify.forbear
<br /> t� � , or make uny accommodations with negard to the terms af Ihis Security Instrument or the Note without Ihat 8orrower's
<br /> . '° canseot.
<br /> ��.'t;:•� • 13. I.oAn Char�es. If the loan secured by Ihis Security Instniment is subject to a law which sets maximum loan
<br /> - - charges,and that iaw ic finafly interpread so�hu�the intere+t or oiher ioao charRes�roita:leei ur io be cu1le.:i�i in conisection
<br /> ' � T� � � �,,.; wi�h the loan exceed the pe�nilted limits,then: (al uny such loan charge shall be reduced by Ihe amouot necessary to reduce
<br /> ' ^ �;. •1,�;•�._, the charge ta the permi�ted flmit;and Ib)nny sums alreudy collected fmm Borrower which exceeded permilted limits will be
<br /> �"'�''`'•�`�`' refunded to BaRawer. L�nder mny choose to make�hic refund by reducinE�he princlpal owed under the Note or by making a
<br /> `;''���.���%`' dire�t payment to Barrower. If n refund reduces principal,the reduction will be uea�ed as a partial prepaymem wi�hout any
<br /> •• prepayment churgc under the Note. %',;�
<br /> �J - , � 14. Notices. Any naUce lo Borra�vcr provided for in�hi�Secu�ity Instrument shall be given by delivering it or by ,�,;{
<br /> i . , mailing it by�rst cluxs mail unlerti upplknble luw reyuircs uxc of another melhod.The naice shall be directed to the Propeny
<br /> Add�ss or uny other uddretiti Botrawer designates by nolice lo l.ender. Any no�ice to Lender shall be given by fi�st class �.
<br /> , ,,;;�i,�, muil to Lender�address s�uted herein or any uther uddreys Lender designule�by notice to Borrower. Any notice pmvided for ",:�
<br /> ��'�. in this SecurUy Inztrun�crn xhull t►c decmed io havc hecn piveo to Borrower or Lender when given ac provided in this
<br /> '� s Purugraph.
<br /> I5. Gove�oing Law; Secerability. Thix ScY:urity In,trurnent ,hull t►e govemed by feder�l luw und the law of the _
<br /> , ' � �"' jurisdiciion in H•hirh thc Propeny ix lixuted. In 1he evenl thut uny provi.ion ur cluuse of�hi.Security Instrument or the Note ,�
<br /> � conilicl�with upplicahk law,sunc�ontlict�hull nai aifrci other provi.H�ns of�hi.Securiiy Intitrument or the Note which cnn
<br /> '� � �:��.�'' lx givcn rffecl aithout th:mnflicling provision. Ti�thi. rnJ thr provi.ion���f thi, Security Inmlrument �fnd the Note ure � :iE.
<br /> '}�;,':��;• declur��J to 6r tieverabl�.
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<br /> ,. 16. Bor�r��•er'.s Cops. 9:�rru�ver+hall Ix gi�•en one roM'nrnn�i ropy ot"�hr N�,rr�ind nf Ihic Srcuri�y Imwment. r�,
<br /> i � 17. Traa�sfer oi'the Nrope�ty ar a HrneOclal Interest fn Kurrox•er. If all or•rny pun of thr Propeny or any interest in �";�,;
<br /> ' it ix sold �x 4:m.terred lur if a t+rnrlirial interc.t in Burr��wrr i,+old ur 1run.fcrred und 9orrower i. n�N n naturnl persanl �.�;.t�
<br /> �� �.., withou�Lend:�+p�ior wrinen con.em.Lrndrr muy, ut it�upiion.rryuirr imm�diale paymenl in full of ull+um+serured by 1�"+
<br /> �� � �hiv Securi��Imvument. l�owr�er,thiaoption.h•rll R.x.hr�xcrciKd by l.cnder if exerri.e i,prohibi�ed b��fed�:rsl luw us of '�;,..;
<br /> • the�atr��f thi,Seruri�y a�,��umem. c: ,•;
<br /> ,.� !f LrnA�.r��erci�tti 1ht.nption. l_enef�r vh�ll r«��.�°vHer notice�►1'urcelcration. Thc noti�r�hall pruvid�a period of ?';i;;
<br /> � � , � not Ic.+lhun:�(?d.�ys ftam t'hc d:tlC th�no^t:a u deli�•cr.d ur mailyd w•ilhin�vhirh Borro�ver mu�t�a�:aq�um�+crured by this
<br /> 1 Snurity ln�tri�mem. lf Po�uwer lail.t�� ,a} lherr �um. pri��r ta the rxpir:uiim of Ihi. �xnud. 4.�nder muy invoke arty
<br /> � . .,, '•} ' remedie.�xrmitted M�Ihi:Scri�rity In+tNmrnt wi�houi 1'unhrrni�tic�orJrmaiid ixt&�rruwcr. r:'�� '
<br /> 18. Bnrr��wer's R�fiM t�i>Reintitnte. If Borro��rr meet, ccrtuin r�1.iJiti�*a._ B��RO��cr .hull have the right u� huve � ''
<br /> ; • , �'•• � enli�rcemrni��f�hiy Securitc�narumen�Ji,runtinurd �t any iimc priur w�h�e.�r:�.:::•c. �:�1 S duy��lor�uch uthrr prriod:iv �y,�r;��
<br /> 4 . � !• Smptr Fanuh•-Fonnle\1ue�Frcddic\Iuc C\iH11tV Gr5'�121�IQ:�T•-l'ndurm Cu�enam� 9/90 ip��x�•�n/'A�nr�e�i I .
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