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<br /> -- � � condemnntion or othar tufcing af any purt of the Pcopeny,or for canveynnce in Ileu of condemnutiun,nre het�by assigned un�l
<br /> - --_ — shuU be paid to Lender.
<br /> In the �vent of a total tuking of the Property.the proceod.9 shall be npplted to Ihe auma eecured by this Secudty
<br /> Inshument,whether ar r�at then due,wlth.any excesa puid to 8orrower. In the event of a pAttiol taking of tha Pro�erty iR
<br /> — wt+ich the fciir ma�ket velue of the Property immedIutely befo�tho takiag is equsl to ar greatar than Qre aii�ount of the 6ums
<br /> , accured by thia Secudty Insuument immedintely befot+e the wking,unless Borrower und Lender otherwlxe a�rce.n writing.
<br /> ' the sums secured by this 5ocurity Instrument shall be reduced by thn amount af theproc�edn mulUplieci by the fvlluwu�g �_
<br /> 'F fractian: (a)tha rotal umount of�he sume secucrd Immediately b�:fora thfl taking,divi ed d by(E)tha falr mucket value of the
<br /> praperty{mmedfutely tsefore the taking. Any bulance ahall be paid to Borrower. Ic�the event of n partiai wking of the
<br /> PropeKy in which the faIr merkct value of the Pmpe�ty immediately befoc�e the taking ls less than the amount of the sums
<br /> - x accured immediately before the taking, unless Borrower and l.ender othetwlse sgree in wrldn�or unlesa applicable law
<br /> � �ri2�'� otherwiso provides,the proceeds shall be applied tu the sums secuned by this Secudty Insuument whether or not the aums are
<br /> �� �'��� a then due.
<br /> . lt���,'l.w'
<br /> � • . �} If the Property ls abandoned by Borrower.or jf.after notic�s by L.endcr to Borrower that the condemnor offens to mako
<br /> ,, ~°h,�_�:>,.,� an uward or settle u clnim for demagcs,Borrower fails to respond to L.cnder wtthln 30 Aays aftcr thc date the nodce is given,
<br /> ;�5�+;.s;�'.�;,�i°°_; Lende�is authorized to coQect and appty the prnceeds,ut its opdon,either to restoratton or repair of the Property or to the
<br /> � ,:�;,��?-�:� • •:a.� suma secured by this Secudty Inshument,whether or not then due.
<br /> � �':� Unless i.ender and Borrower otherwise agree in wrtting.any application of proceedR to pdncipal shall not extend or
<br /> 5.�;.•',•;: ; ,�„ , '��' postpone the due date of the monthly payments referred to In puragrnphs 1 and 2 or chnnge the amount af such payments.
<br /> ��"'°•� '� 11. Borro�vcr Not Released; Forbearnnoe By [.ender Not a Waiv4r. Sxtension of the time for payment or
<br /> �� �- {' modificati�n�f amonizauon of the sums secured by this 5erurIry Inst�ument grnnted by Lender to any successar in inter�.ct �
<br /> -- ---- ��-�--�-�I of Burruwcr shali�wt uperate�o release�he iiabili�y uf iiir wigiuui 8u,i�wer or Barraucr`s successors fn fnteres�Lestder —
<br /> ' • " sha!!not be rr,quired to commence proceedin�s against any successor in interest or refuse to extend time for payment or
<br /> � otherwise modify amortization of the sums secured by this 3ecurity Instrument by reason of any demand made by the or�ginal
<br /> � . Borrower or Borrowerk successors in interest. Any forbearartce by Lender tn exercising any d�ht or remedy shall not be a
<br /> wniver of or preclude thc exercisc of any ri�ht or remedy.
<br /> � , � 12. Successora and Assi��s Bound; Jotnt and Severai I.lability;Casignera. The covenan�s and agreements of this
<br /> Securlty Instrument sh�ll bind and benefit the successors and asslgns of Lender end Borrower,subject to the provisions of
<br /> .. , paragmph 17. Borrowerk cavenun4s and ngreemenGs shatl be joint and several.Any Borrower who co-sjgns this Secu�Ity —
<br /> � Insuument but does not execute the Note: (u)ic co-signing this Security Instrument only to moRgage,grunt and convey that ___
<br /> • Borrowerk interest in the Property under the terma of this Security Instrument; (b)is not personally oblisnted to pay the sums
<br /> � secured by this Security lnsuument:nnd(c)ugrees that Lender nnd uny other Borrower may agrce to extend,modify.forbear
<br /> " ' or make any uccommodatlons with regand to the terms of this Security Instrument or the Note without that Boaower�s �;;;
<br /> - —=,=;:';``--.�L— :onscat. r,,,•.
<br /> . 13. I.oAn Charges. If the loun secured by this Secur�ty Instrument is subject to n !aw which sets maximum loan d'�i��
<br /> •• char�es.nnd that law is finally interpreted so that the interest or other loan char�es collected or to be callected in connection �
<br /> ' ' with the loun exceed the permitted 1lmits,then: (u)uny such loan char�e shall be reduced by the amount necessary to reduce -
<br /> the charge to the permitted limit;nnd(b>any sums alrcady coUected from Borrower which excecded permitted limi�s will be e�-
<br /> �tefunded to Borrower. I.ender may choose to make this refund by mducing the principal owed under the Note or by maktng a
<br /> � � , � direct payment to Borrawer. lf a refund reduces principal,the reduction will be treated us u partial pmpayment without any
<br /> prepayment char�e under the Note. . ��.
<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument shaU be given by delivedn�it or by '
<br /> mailin�it by first clasx mail unless upplicablc luw rcyuirex u�c of unothcr method.Thc notice shaq be directed to the Propetty
<br /> Address or any other address$orrawcr designates by notice to Lendcr. Any noticc tu Lender shull bc given by first class
<br /> , mait to Lender s uddress stated herein or any other addrcss Lendcr dezi�nates by not ice ro sorrower. Any notice provided for '
<br /> in this Security Instrument shall bc dcemcd to huve been givcn �o Borrower or I.ender when given u.c provided in this
<br /> arn ra h
<br /> p s15 Governin�I.aw;Severability. 71iis Security Instrument shall be govemed by federal law and thc law of the
<br /> ' � jurisdiction in which the Property is locutcd. In the cvent that uny provision or clause of this Security Instrument or the Note
<br /> . confltcts with appli�able law,such conflict shall mn uffect other provisiom of this Security[nstrument or the Note which enn
<br /> � � be given effect withcwt thr con0ictin�piuvi,ion. l'o thi�end the pmvi+ionx of thix Secunty Instrument und the Note are
<br /> declamd to be severab�e.
<br /> � 16. l3orrower's Copy. BaROwcr shut�tx givrn one contonned ropy ot the Note und of this Secunty Instrumrnt.
<br /> 17. Transfer of the Property or a Beneficial Interest in Borrower. If uU or any purt of thc Pmperty or any interest in �
<br /> it is sold or transferred (ar if u beneficiul in�ere.t in B��rcower i.sold or tran.fcrca:d und Born�wer is not a nuturnl penon)
<br /> without Lendcrl prior written cament,Lendcr may,at its option,nyuirc immediate puymcnt in fuU uf all sums secured by
<br /> this Seruriry instrumcnt. Howcvcr,this�►tion shull not he exerciscd by l.endcr if excrcise is prohibited by fcderal luw ns of
<br /> the dutc of this Sccmity lnxtrumcnt. . '
<br /> • If Lcndcr cxcrciscti thia optiun,LcnJrr shutl givc Borniwcr nciticc of ucccicration. Thc naticc.hall providc a period of
<br /> not less than 30 days fmm the date the notice is delivemd or mst9led within which Be�rruwer mu,t pay ull sums secured by this
<br /> Security Instrument. if Borcower fuil. ta p:ry thcxc ,um+prior to thr expir:�tion ut'thi.period, Lendcr may invoke any
<br /> rcmedies permitted by this Securiry Instrumrnt withe�ut further nexicr or demund on Born�wer. .
<br /> 18. Borrower's RiRht to Reinstate. If Bormwcr mert.crnain r�mdition.. Bortowrr�haU havc thc right to huve f
<br /> � enforccmcnt of thi, Sccurity In.trumcnt Jisrontinurd ut any timc prior ta thr r:ulirr��f: 1:�) S di�y,(or.uch othcr period�t. i • .
<br /> Smg�e Family••Fnnnlc 11ndFrcddic�tar l'ti1FOR�t I�Sl'Rt'�1F.\T•-l'ndnmi c'�+�.�nant� 9/90 Ipagr J�iJ A�xtq�•�1 �
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