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<br /> _ candemnatlon or othcr takin�of nny purt of the Property�or for conveyunce in licu of condemnaQ�n,ara itcreby aASigncd And —
<br /> _ ---- shnll be puid ta l,ender.
<br /> In the evenc of a total taking af the pYoperty. the proceede ahall bo applted to the aume secured by this Secudty
<br /> :
<br /> '- --�� tnstrument.whethcr or not then due.with uny cxcase patd to Borrower. In the event of a purtial taking of tho Property in
<br /> which tha fair market value af the Property ImmediatQly i,�fuia a�a taRing is cyual to ar greater than tha Qmaunt of ttr_sume � - - .�.., . ...
<br /> = gecur�d by this Secadty Instrumcnl immedlntety befam the taktng,unleqq Hormwer and Lend�r othenvire ugreo in wddng. �_____._
<br /> the suma secured by this Securtty Insuument shnll be reduced by the amount of tho pracceds mulNplied by the follawing
<br />��i frucdon: (a)the totul umount of the sums secured immediately befone the taking.divided by(b)the fuir market value of tho
<br />- Propeny immediately before the tnking. Any baluttce shull be puid to Borrower. In tha ev�nt of n partial tulcing of the
<br /> . Property in whtch the falr n�arket value of the Propetty immediately before ths taking is lesa thun the artsount of the xums
<br /> ` �, ,h,-�y, �•�3 secured immediatelp before the taking,unless Borrower and Lender otherwiRe agree In writing ur unteas upplicubla law
<br /> . :N;�,�:?'�� otherwise provides�the proceeds shall be applIed to tha sums secured by this Secudty Instrument whethor or not the sums are
<br /> , .,� , then due. °. -- --
<br /> • ���,y,ru�,rv, . ` r If the Property is abandaned by Borrowe�.or if,aftcr nodce by Lender to Barrower that the condemnor offets to make _`_�+`..
<br /> ��"> � x � an award or settle a c1uLn for damuges,Horrower fails to respond to Lender wIthin 3D days after the date the notice js given. ---
<br /> y�,�,,. .
<br /> ..:�e. .: I.ender is authorized ta collect nnd apply the proceeds.at its opt[on.�ither to restoration or repair of the Propeety or to the _
<br /> 1 I ''�'" " " , ' •�":a sums secured by this Security Insuument,whether or not then due. o -
<br /> ��;`• � . � Unless Lender end Borrower otherwtse agree in wrlting,any applicatlon of proceeds to principal shall not extend or �
<br /> �' ���•} hs 1 and 2 or change the amount of such paymenGs.
<br /> � ,. �-+ postpone the due dute of the monthly puyments referred to In pnragrap �x:�.
<br /> '�� � Il. Bormwer Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or mK-°�°
<br /> ::,
<br /> 't � �' � ' .•' maiifieation of amonizntion of the sums secured b t h is Sec u r i Inatrument gmn te d b I x n d e r t o a n s u c c e s s o r i n i n t e r e s t ,
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<br /> or Horrower shaii no� vperuia tu�tca� tUo iiabttfty af ihc arFgin� Borrutiter or Borro��er!�succe���n in iotem.st. Lender �.<<m_�.- _
<br /> a w. -
<br /> � " , shali nat be requtred to commence proceedings against any successor in interagt or refuse to extend ttme for payment ar ,- ,�,-�_�
<br /> ''•:.� otherwise modify amortization of the sums secumd by this Security In�trument by reason of any demand made by the orlsinal K_,
<br /> � `" . • Borrower or Borrower's succescors in intems[. Any forbearance by Lender in exercIsing any right or remedy shaq not be a •''.,�.-
<br /> ' � - �� waiver of or preclude tho exercise of any rtght or remedy. ''� :
<br /> ' 12. Successora and Asslgna Bound;Joint and Severa!Liability;Casigeters. The covenunts and u�rcements of this •s�4�_°
<br /> „ Security Instrument ahall bind and benefit the successors and assigns of Lender and Borrower, subject to the provislons of ' .��_•
<br /> � -. paragraph 17.Borrower�s covenunts and asreements shap be joint and several. Any Borrower who co-wigns this Secudty � � ;�__
<br /> Instrument but dces not execute the Note: (a)is casigning this Security instrument only to mort�uge,grant und convey that �`
<br /> Borrower's interest in the Property under thc terms af this Security instrument; (b)is not personally obliguted to puy the sums
<br /> • secured by this Security Instrument;and(c)a�rees that Lender and nny other Borrower mny agree to extend,modify.forbear • � -
<br /> .—�„—.--- or makt t�ny nc��mmixlations with reenrd to the terms of this Security Instrument or the Note without that Borrower's � :b`�-
<br /> �' consent. --
<br /> 13. Iaan Char�es. if the loan secured by this Security Instrument is subject to a law whtch sets muximum laan .. .�,
<br /> ' charges,and thut!aw�s finally interpreted so thnt the interest or ather loan charges collected or[o be collected tn connectian .�-_--
<br /> ' with the loan exceed the permitted limits,then: (n)uny such loan charge shuq be reduced by the amount necessary to reduce , ; ��.
<br /> the charge to the pertnitted ltmit:and(b)any sums alreudy collected from Borrower whirh exceeded permitted limits will be
<br /> ...
<br /> refunded to Borcower. [.ender muy choose to make this mfund by reducing the principnl owed under the Note ar by mak[ng a �__.
<br /> ' direct puyment to Borrower. If u rcfund reduccs principal,the reduction wili tk trcat.d a;a pactiat prepayment wtthout any ._._: __ __--, _.
<br /> prepayment charge under the Notc, ����
<br /> 14. Nutices. An notice to Borrower rovided for in thix Security Instrument shull be�iven by delivering It or by � °`"
<br /> � ' muiling it by fint claxti muil unless upplicublr luw rcquire�uxe of nnother method.The notice shall be directed to the Property ;�--
<br /> � �� Address ar nny othcr address Bonower designates by notice to Lender. Any notice ta l.ender shull bc given by first cluss ��.•.:
<br /> ' mnil to l.ender c address xtutcd hemin or uny other uddre.,Lendcr designutes by notice to Borrower. Any notice provided for t.�,�,__:
<br /> in thtti Securiry Instrumcnt shull be decmeJ to huvc heen given ta Borrowcr or Lender when given ns providcd in this � ��!r__"
<br /> . Pnra�rnph. • �� �j`�i"��
<br /> IS. Governing Law: Severability. This Securiry Instrumcnt shull be govemed by federnl luw und thc luw of the t:..j -
<br /> `�'/;,
<br /> , . jurisdictton in which thc Praperty ix locuted. In the evcnt that uny provision or cluuse of this Security instrument or the Note .� ___
<br /> . �� confl(cts with upplicable luw,�uch conflict xhull not uffect other provi+ionti nf this Securiry Instrument or the Note which cun
<br /> be given effect without the conflicting prcwixiun. To thi,enJ thc pruvi.ion.of thi.r Sccurity instrument�nd the Note are ;'-•:;,:.
<br /> • declured to Uc xeversble. •
<br /> 16. Borrower's Copy. Borrowcr tihul!tx givcn ottt eonfurnmd copy�f tho Notc and of thix Security Instrument. ,,,
<br /> 17. 1Yansfer of the Property or a Be�eficial Interest in Borrower. If uli or uny purt of thc Pro}xrcy ar uny intcrost in
<br /> - it is sold or trunsferred(or if u heneticial imcrc.t in Borrower i,,old or trun.fcrreJ und Bonower iti not u n�turnl personl .
<br /> ' without Lenderk prior written comcnt,Lrnder muy,ut it.optiun.rcquirc immediute puyment in full nf all sums secured by � ••
<br /> " thix Security Instrument. However,thix option shull not tx excrcitied hy Lender it'exrrri,r is prohihitrd by federal law u+of .
<br /> � the dute of this Security Instrument. ,
<br /> , If Lender exerci�es this option,Lendcr xhall give Borrower notice of uccelerution. The notice�hall pmvide u period of
<br /> ':` not Iess thun 3�duys from thc date thc notice is dclivered or mailed within which Borruwer must puy ull sums�ecured by this ,
<br /> . � � Security [nstrument. If Borruwer fuils to puy these sum.prior to the expirution of thi, pericxi, Lrnder may invoke any
<br /> remedies permitted by this Securiry ln,trument without further noticc ur demund on Borruwer. I
<br /> � 18. Borrower's RiFht to Reinstute. If Borrowcr mcetr rcrtuin cunditivnz. Burrowrr.hall huvc thc right to havc
<br /> , enforcement of thix Security Instrument di�continucd at:+ny tirnc prior to thc eurlicr ot: (u)5 dc+y�(ur su�h uther p�:riod�s I
<br /> Singk Frmily�•Funnle M1tue/Freddle Mac l'IYIFORAi iNtiTRVMF:Pi'I'--Umti�mi('urcnant. 9/90 rp�X�•s.+Jn p�+xr•�i �
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