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<br /> � condemnatlon or oshcr taking of any part of the Property.or for convayartce tn licu of wndemnnUan,ar�e hereby osslgned and
<br /> � shall be paid to Lender.
<br /> In the event of a total taking of the Property.thc proceeds ehaU be applied to the sums sccured by this Sxuriry
<br /> _ - --� lnstniment,whether or not then dus.with any excees paid to Barnawcn In the evens of a partiel tak�ing af the Property in _
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<br /> which the feir market velue of the F'roperty immedIately before the takIng is equal to or gcsater than the amount of the sums
<br /> secured by thiR Security Insuumont immuiiately before the taking,uniess Borrowcr and Lcndcr othenvtse ugree!n wrlting. � -- -- -
<br /> the suma secured by this Sxurity Inauument ahall be reduced by the emount of the proceeds multiplied by tha foAowing
<br /> _ - fraction: (a)the total amount of the sums secured immediately before the taktng.divtded by(b)tha fair market value of the
<br />- : � Pmperty immediately before the tnking. Any balance shall be paid to Bomower. In the event of a pnrtial taking of the -
<br /> Property In which the feIr market value of the Property immedtately before the taking is less than tho amount of the sums _
<br /> � secured immediately before the trikIng,unless Hormwer and Lender othenvise agree in wdting or unless applfcable law __
<br /> r otherwise pmvides.the pruceeds shall bo applied to the sums secured by thia Security instn►mont whether or not the sums ere =--
<br /> ?z ��'�' then due. `{-..'�
<br /> •�°�:°` If the Property is abandoned by Borrower.or If,after notice by Lender to Horrower that the condemnor offera to make __ - __
<br /> �'� ari award or settle a claim for dumages,Borrower fails to respond to Lender within 30 days after the date the notice Is gtven.
<br /> �'. Lender ia autharized to collcct and apply the prnceed.4.at its optlon,etther to r�staration or repair of the Property or to the
<br /> f • ,'1 -.'' � sums r,ecuced by this Securlry Inauument,whether or not then due.
<br /> � Untess Lender and Borrower othenvise agrce in wr�ting.nny upplication of pmceeda ta principel shall not oxtand or
<br /> �' po.r•tpane the due date of the monthly paymentR referred to in parngmphs i und 2 ar chan�ge the amount uf such puymente.
<br /> ��'� !1. �or�awer Nnt Reteased; Ebrbeurance 8y I.endet Not a Waiven �xtenAfon of thc tfmc for paymcnt or _.
<br /> 7��'=•e-�..':_:*r'x� modificution of umortizatian af the xumx serured by thix Secudty Inxtrument gmnted by Lertdor ta any xuccewsar 10 interest =
<br /> ;r�,,'�,s;`.��;��y,t of B�rrow�.r xhall not operutc to rcicu�c thc liubllity af tho aNRinni Harrowcr or isarrawcr5�succcssan+ in iniorcxi.Lc��Jrr _ _-_ ---
<br /> � nhull aot bc rcquircd ta cammenrc pracedin�t»uguinat uny Kucccx.ar In Interc.rt ar refuse ro extand timo for puyment or �,�
<br /> � athcrwisc madify umc�rtixutian at the r+umw�ccured by this Security InKtn�ment by rau�on cif uny demund mudc by the artginul �
<br /> ���•'' �' �' Borrowcr ar BRrrower�xuccesaorx in intcrest. Any furbeuruncc by Lcndcr in excrcfaing uny right or remcdy xhutl not be a �"—
<br /> � . . wuiver of nr precludo the excrcinc af any right or rcmcd�. �`�h
<br /> ��• � 12. Successoex And As.9tgne 8oand;Jntttt und�everal I.IabUityi Lasipnenq. The covennnts and ugreementx of thiK •�'��
<br /> • Sccudt Instrument ehnit bind isnd beneftt the successam und uK+i ns of l.ender und 8ortower.KubJect ta the provisions of '��Y"�;;,�
<br /> rc � . ' parngruph l7. Borrowerk cavenants and agrcement�;shull t�Join and severul.Any Borrower who co-sigm this Secu�ity �'��•_.
<br /> Inatrument but dcea not execute the Note: (a)Is ca•xigning thin Security Inxtrument only to mortgage.grAnt and convey that � '�;�
<br /> �• Borrowerk Intemst in the Pcaperty under the termti of this Secu�ity Instrument; (b)is not per:sonaUy obllguted to pay the sums ��,.�:
<br /> • secured by thls Secur�ty Instrument;and(c)ugrees that Lender and uny other Borrower may a�ree ta extend,modify,farbear -.i '=
<br /> - � � - °° ar maKc any acmmcnodztions ti.�iih regssd to !he tcrms of t�is S�c�r3ty In�tn�m�nt or che Notc without that Borrower`s �` �'
<br /> ' " consent. � '-'-
<br /> 13. I.oun Chaeges. If the lonn secured by this 5ecurity lnstrument is subject to a !nw which sets maximum loan
<br /> � charges,and that luw is finally interpreted so that the interest or other loun chargex collected or to be collected in c�nnectton ,�i�;�•:' •
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<br /> with the!oan exceed the pennitted llmits,then: tu)nny such loan churge shall be reduced by the umount necessary to reduce .�7_
<br /> � the charge ro the pecmitted ifnitr,and(b)any sums ulready collected from Botrawer which exceeded perrnitted limits will be • ��
<br /> refnnded to Borrawer. l.ender may chooxe to mnke this refund by reducing the principul owed under the Note or by making a ��
<br /> . � dlrect payment to Borrawer. If a refund reduces principn{,the reduction will be treared ns a part�a►pmpayment wimouc any �:.:;=s�°�_ --
<br /> prcpayment charge under the Notc. � ' .
<br /> � 14. Noticc.w. Any notice to Borrower provtded for in this Security Instrument tihall be given by delivering it or by
<br /> . '. - mailing it by�rst class muil unless upplicnble luw requires use of nnother method.The notice shall be directed to the Property
<br /> � . ' Addeess or any other addmss Bomower designutes by notice to Lender. Any notice to Lender shall be given by first class -
<br /> ` ,�� ° mail ro Lender's uddress stAted herein or uny other uddress Lender designutes by�otice to Borcower. Any nntice provided for --
<br /> . in this Security Instrument shull be deemed to huve becn givcn to Borcower or Lendcr when given as provided in this ,
<br /> , `�' , paragrAph. .
<br /> I5. Governing Law; Severabtlity. This Security instrument shull be gavemed by fedeiul law and the law of the
<br /> ',.;� jurisdiction ln whtch the Property i,locuted. In the event that uny provixion or clause nf this Security Instrument or the Note -
<br /> _ •. cnnflicrc with applicnble law.such conflict shaU not uffect other provisions of this Security Instrument or thc Note which cnn . ,.
<br /> . be�iven effect without the conflicting pr�vision. To this cnd the provisions of this Securlty lnstrument and the Note ure •
<br /> ' dec(nred to be severuble.
<br /> •�� 16. liorrower's Copy. Borcower shnll lx.given onr conthrmed cupy of the Note and uf this Security Instrument.
<br /> - 17. 'll�ansPer oP the Property or a Beneficial Interest in Bnrrower. If nll or uny part of thc Property or uny interest in ,
<br /> it is sold or trnnsferred(or if o bcneficiul intcrext in Borrower is sold or trunsferred und Bottower is not a naturul person)
<br /> withaut Lender�prior written conscnt,Lendcr muy,at itx option,rcyuire immediate puymrnt in full of ull sums secured by ,
<br /> � " � this Security Instniment. However,this option shull not be excrcixed by Lrnder if exerrisc i,pmhibited by fedcrul law as of
<br /> � � � thc dntc of this Sccurity Instrument.
<br /> • • If Lender exercises thi,r•option,Lender shull give Borrower notice of uccclerutian. Thr notice shuli provide a period of . �;
<br /> � not less thAn 30 dnys from the dute the nntice is delivercd or mailed within whirh Borrawer must puy ull sums securcd by this
<br /> Security Instrumcnt. If Borrowcr fuil. to puy the,e sums prior to the expirution of thiti period, Lcnder muy invuke nny
<br /> � • remedies permittcd by thi�Security Instrument without further noticc or demund on Borrower.
<br /> , ' 18. Bor�ower's Right to Reinstate. If Borrower mcch certuin conditidns, Borrower shaU huve the �ight to have ,
<br /> F � � enforcemont nf this Seeurity Instrument di�continucd ut uny timc prior to the eurlier of: (u)S duys(or+uch other perioci us
<br /> Single F�ami�y••Fnhnlc Mne�F�eddle Mnc UNTFOI2N INS1'ltUMF.NT--Unitumi Cuvcnunt. 9/90 (�Xr 4 nJe paRes!
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