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<br /> ��««be���t.ar�+�r��ny.«r���r.��,u���r��..ro n�y r.i�a«�a
<br /> �It be pwia co t.enaer.
<br /> In d�a evau of a tatal uJcin{ uf the Prnpaty.t�e p►oceed� shail be �ppfied to the wnu eecured by thi� Security
<br /> Uwruma►t�wAetha or not dia�due.wlth anmmedi�te 1�befa+eSth�e u►k n is �ual to or grcuur�itiun the�unount of�umin
<br /> which 1he t�ir mnicet value of the P�operty Y Q °9
<br /> �ecurod by�hl�Securiry Lutnunent immodi�tely befaro the tRlcin�.unkaa Barower and[.ende�ahccwlse agroe In wridnA.
<br /> �he�um� sacured by thli Security In�ttument siu�ll bc reduced by the�mount of tri� ptoceeda multipiitd by tha follawina
<br /> fc�tpi; (i)the wat u�xx�nt of the surtu�ecured imrnedi�cely before the twkiug.dividod by(b)tix:fair m:u�ket value of the
<br /> pnopeRy immodiauly before the t�lcing. My b�lu�oe shall be p�id w Borrower. In t}�e event of a putial takln�of the
<br /> pcopeny in which the f�ir mukCt vdue of the i'ro�xrtY immediateiy before the taking is leu thm the amount of tfie aums
<br /> sa:ured immed�tely before the�all beuiipplied to the wmc secured by�this Security�il�urum nt w�trctt�er or not the sunu'ue
<br /> othawi�e provides.the p[ocad�
<br /> ttim due.
<br /> 1f the PraExrty is ab�ndoned by Bocrower.or if,after notice by Lender to Barower that the condemnor offers to mdce
<br /> an awiud a settk a claim fur dam��es,Borrower falls to rcspond to l.cnder within 30 days after the dutc the nodcc is givrn,
<br /> Lender is authorlud to collect and apply the proceeds.at tta option.eitlkr to rcsta�tion or tepair of the P�opetty or to the
<br /> sums secund by thia Sr.curlty Instnunent,whether or not chen due.
<br /> Unless Lend�r and Barower othecwise agrce in writing.any application of proceeds to pcincipal shall not exte�u!or
<br /> postponc tlx due date of the monthly payments refetred to in paragraphs i and 2 or changc thc amount of such payments.
<br /> Il. Borrower Not RekssM; Forbenrnna By Lender Not A Waiver. Extension of the timc for payment or
<br /> modificAtion of amortizatton of the sums securcd by this Securiry Inswment granted by Lender to any successor in inurest
<br /> — __- of Borrowcr shall not operate to rtlease thc liability of the original Borrowcr or Borrowcr�s successors in interest.L.ender
<br /> shall not be requi�d to commence proceedings ngainst any suceessor in interest or refuse to extcnd time for payment or
<br /> othenvlse modify amortization uf the sums secured by this Security Instrument by rcason of eny demand made by the original
<br /> Borrowcr or Borrower's successors In interest. Any forbearance by Lender in exercising any right or rcmedy ahall not be a
<br /> ` wn�ver of or pteclude the exercise of any rlght or remedy.
<br /> � 1Z. Successors ancl Assi�ns Bound;]oint and Several Liabflity;Co-signers. The covenants and agrcements of this
<br /> ',�,` Securiry Instrument shall bind and benefit the successors and ussigns of Lender und Borrower.subject to the pravisions of
<br /> paragraph l7. Borrower�covenants and ugrermenGg shall be joint and reverai. Any Borrower who co-signs this Security
<br /> ;� Insqvment but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grant and convey that
<br /> Barower's intercsi in the Property under the terms of this Security Instrument; (b)is nM personally obligated to pay the sums
<br /> - secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agrce to extend,modify,forbear
<br /> or make any accommodations with ngard ta the te�ms uf this Security Instrument or the Note without that Borrower'.s
<br /> conscnt.
<br /> - - C�ea. 1f tlia ioan s�curcd b• ihis Security lnstrumen! is s�bje�!t� n Inw which sets mnximum loan
<br /> i3. i.oan 3
<br /> char es,and that law 3.c finaily interpreted so that the interest or other lo:+n charges collected or to be collected!n connection
<br /> g . nt necessar to reduce
<br /> "; <i;+'Y with the loan exceed the pertnitted limits,then. (a)any such loan churge xhall be reduced by the amou y
<br /> �L the char�e to the pertnitted limit;and(b):uiy sums nlready collected fram Borrower which exceeded pem�itted limits will be
<br /> refunded to Borrowcr. Lender m�y choose to makc this rcfund by reducing thc principal owed under the Note or by muking A
<br /> � �^''' � direct payment to Borrower. If u mfund reduces principal,the reduction wili be treated as u purtial prepayment without any
<br /> � �„ prepayment churge under thc Note.
<br /> - �t�,.; 14. Notices. Any notice to Borrower provided for in this Security Instrument sh�ll be given by delivering it or by
<br /> � � � mailing ie by fint class mail unless applicabie IAw rcquires use of another methocl.The notice shall be directed to the Propeny
<br /> *"' �'•`r`1�'� Address or any ather address Borro�ver designates by notice to Lender. Any notice ro Lender sholl be given by fint class
<br /> r��r:. _
<br /> mail to Lender's uddrcsx stated herein or c�ny othcr•rddrex,Lcndcr detiign•rtes by notice w Bouuwcr. Any notice provided for
<br /> �.� /_ , in this Security Instn►ment sholl be deemcd tu have been given to Borrower or Lcndcr when given as provided in this —
<br /> = t �•°`•';. paragraph.
<br /> �t`'� 15. Governing Law;Severability. Tbis Sccurity Instrument �hali be guvcmcd by fedcral It►w and thc law of thc
<br /> .i � ^�.. .ti..
<br /> ������:�.��-
<br /> �y,..��,r jurisdiction in which the Property is located. In the cvent that any provision or rlause of thi�Security Instrument or the Note
<br /> �y��;"'�',': t:.
<br /> _j�,,.,,,.� : •�- conflicts with upplicable law,such conflict.huq nut affect other provisionz of this Sceurity Instrument or the Nae which can
<br /> ;,�,• ••...,�.. .: be given effect without the conflicting provision. To this end the provisions of thi�Security tnstrument and the Note arc
<br /> �::y�'� `.�.' •; : declared to be sevcrablc.
<br /> .��'��r.,,;.;;-��;� 16. Borrower's Copy. Boimwcr shall Mc givrn one confortncd copy of the Notr and uf this Sccurity Instrument.
<br /> ! 't�!,"_.:•.. .. • 17. 1lransfer of the Property or a Bene�cial Interest in Borrower. If all�ir any part of thc Pmperty or uny interest in
<br /> "``:�'r' it is sold or trunsfcrced(or if u bcnefici.�l intcre,t in Borrowcr is tiold or tranxfcrred and Bormwcr iti not a nutural penon)
<br /> • without Lender's prior written contient,Lcnder may,at it.option,myuire immcdiatc payment in full of all sums sccured by
<br /> •+ '��.�`��y��. this Security Instrument. Howcver,thiti option shall not bc exerciscd by Lender if cxercise is prohibited by federal luw ax of
<br /> � the date af thic Security Instrument.
<br /> " ��<« •• • !f Lender exerci�es this option,Lender shnll fiive Bonower notice nf ucceleration. The noticc shull provide a pericxt of
<br /> • '.� not lesc than 30 duys from the date the noticc is dclivcred or mailcd within which Borruwcr must pay all zums sccured by this
<br /> ,�•::�z�+'µ r Security Instrument. If BoROwer fuils to pay thcse sum+ prior to the expiration of thi,prriod. Lender m•ry invake uny
<br />_ , , . ;• I • remedics pennittcd by this Sccurity Instrument u•ithout furthrr notice or dcmanJ on Burrowcr.
<br /> :•- .• � 18. Borrower's RiRht to Reinstate. If Borrower meets crrtain conditinn., Borrc�wer +hall h�ve the right to havc
<br /> enforcemcnt of this Security Irrmtrument disrontinued ut any timc prior to the curlicr of: (u►S duyx(or wch nthcr periai a.
<br /> .�,;ry.-,� Singk Fmnly••Fannic Mae/Freddk�1�c UNIFORN 1!1tiTRU�fENT•-Unifomi Cuvcnanh 9/90 (/wXP;�In/wc����
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