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<br /> cortdemnatton or other tnking of any part of the Propeny,ar for conveyunce in lieu of condemnudon,aro liereby nssigned�d
<br /> --- ehuli bo paid u►Lender.
<br /> In tha Bvent of n tatul¢aking of the Properly.ihe proreeds shap bo apptted to tho suma accured by this Securlty
<br /> - Insuument,whather or not then due,w11h uny oxcesx paid to Borrower. In the event of a partial taking of the Property in
<br /> =- - � , - which sha fair market value oP the Fropeny ImmMiately heforo the tnk�ng is equei to or grcatcr than tho smount af the suma __^________^__ __
<br /> � secured by this Securiry Insuument immediately before tho takinR.unlees Borrower and i.ender otherwfsc ugme in wdting, _
<br /> ' the suma secured by this Security Instrument shalt be veduced by the umount of the proceeds mWtiplied by the foSlowIng �-
<br /> fractton: (u)the totel umount of the sums secured immediutely before the taking,dtvlded by(b�tho falr murket valuo of the
<br /> �� ,�n, ...: Propeny immediately b�;fore the taking. Any balanc,e shap be puid to Bonower. In the event of u purtial takin of the
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<br /> -' `��;�',�;f�� Pcoperry in whtch the fair market value of the Pcoperty immediately 6efare the taking is less thun the amount�f t e xuma
<br /> ' ���:'�'s....,.• secured immediately before the taking,unles.v Borrower und Lender otherwisc agrea in wdting or unless applicable luw
<br /> : r�.; �.e;._ . ;'�,�.
<br /> ��,-,�.z�:,;�.,,,• •. otherw[se pmvicka.tha prnceeds shutl be applied ro the sums secured by this Secudty Insuument whether or not e aums are
<br /> :.�.
<br /> •.�,: �,.. . �• ,. then due.
<br /> �' ��'�•:�` `�� `�?���ti If thc Pro rt is abandoned b Borrower.or if.after nadce b L.ender to Borrower that the condemnor offers to mukc °' - - _`°``--
<br /> '{1°'' ' � ' ' nn uward or settle a datm for damu�es,Borrower fails to re.4pund to Lender wtthin 30 days ufter the date the notice is given. ____ ____�_
<br /> �,
<br /> Lender is authodzed to collect and upply the proceeds,at its optIon,either to restoratton or repatr of the Property or to the �---
<br /> f� �':" ` " � sums secured by this Secudty Iasuvmen�whetheror not then due. __ _
<br /> , � Unless Lender and Borrower otherwise agree in w�iting,�ny application of praceeds to principui shall not extend or
<br /> � �� � postpone the due date of the monthly payments referred to in paragraphs 1 and z or change the amount of such puyments.
<br /> ,� ,� � .. �`' 11. Rorrower Not ReDeased: Pbrbearance Ry I.ender Not a Waiven Bxtension of the time for payment or _
<br /> '' ` modification of amortization of thc sums recured by this Secudty I�stnunent granted by C.cnder to nny successor in lnterest --
<br /> : -= °-_ --- --- --
<br />_. 's.��-.__._.,,.__—,_ of Borrower shall not operate to release the liability of the oriAinal Bocrower or Borrowerb successora in interest.Lender �a,: _
<br /> 1� ' shall not be required to commence proceedinss against eny successar in interest or refuse ro extend time for payment or �=-_--=
<br /> otherwise modify Amartization of the sums secured by thfs Secudty Instrument by reason of any demnnd madc by the orlginal �+�;-
<br /> ^ Borrawer or Bonower!�successors in interest. Any forbearance by Lender!n exerciain�any right or remedy shall not be a "�,�.,;:�:--
<br /> • � waiver of or preclude the exercise of any rt�ht or remedy. �`�''°
<br /> �� � 12. Suecessors and Assi ns Bound;Joint and Sevecal Lia6iltt ;Co•si ners. The covenunts end n reemenGc of this ' �'
<br /> 8 'tt�E'"�,:.,;
<br /> " Secudty Insuument shall bind end benefit the successors and assigns of Lender and Borrower,subject to the provisions of m.:,�,� _
<br /> ;. . �. paragraph 17. Borrower's covenantc and u�rcements shall be joint und several.Any Borrower who co-signs this Securtty �,;_
<br /> � " . Instrument but does not execute the Note: (a)is co-signing thix Securlty Instntment only to mortgage,grant and convey that
<br /> •" Borrowerk interest in the Property under the terms of this Security Instrument; (b)is not personully obliguted to pay the sums _ -
<br /> ' secured by this Security Insnument;und(c)agrees that Lender and any other Borrower may agrce to extend,modify,forbear �� .,,
<br /> or make uny uccommocluttons with regard to the tertns of this Securiry Instrument or the Note without thut Borrowert •,.,��
<br /> - —�— consent. -
<br /> � 13. I.oan Charges. If the loan secured by this Security Inctrument is subject to a law which �ets muximum loun
<br /> �' ! charges,and thut Inw is finally interpreted so thAt the interest or other loan charges collected or to be collected in connection
<br /> with the loun exceed the permttted limits,then: (n)any such loan chnrge shull be reduced by the amount necessary to mduce •
<br /> the charge to the permitted limit;and(b)any sums almady collected from Aorcower which exceeded permitted limiu will be
<br /> mfunded to Borrower. l.ender may choase to muke this refund by mducing the principal owed u�xier the Note or by maktng u .
<br /> , � •- dirrot rayme�nt to Aormwer. if a refund reduces principul,thc reduction will be treated us u puriiul pmp�yment without any ,_._';,_._�� .
<br /> prepayment chArge under the Notc. f
<br /> 14. Notices. Any notice to Borrower pravided for in thix Security fnstrument shull be given by delivering it or by �
<br /> � • muilin�it by Cint clacs mail unlezs upplicuble law reyuires use of another method.The notice shull be dire�ted to the Property ''' �
<br /> • Address or any othcr addre,s Borrower de+ignutes by notice to Lender. Any notice to Lende�shull be�iven by first class . � 'i'''w'
<br /> • mail to Lcnder's nddrest stuted hcrein ur uny athcr uddre�s Lendcr detiignates by noticc to Borrower. Any noticc provided for �'!�' `� .
<br /> , " in this Security Instrumcnt shall be deemed to huvc heen givcn to Borrower or Lender when given u. provided in this �' i
<br /> ;r�;�'3 9�''
<br /> � parugmph. ''J��;;F::-.
<br /> 15. GoverninR I.aw;Severabtqty. This Scrurity Instrument shaU bc �ovemed by fedcrul law and the luw• of the � ���„i�
<br /> jurisdiction in which the Property is located, in the cvent thAt nny provision or cluutic of this Security Instrument or the Note ,,� , -
<br /> conllicts with upplicable luw,such conflict shall not uffect other provision.of this Security Instrument or the Note which cun
<br /> � �, be given effect «�ithout the ront�icting pmvisinn. To thi�end the pmvi.ion� of thi�Securiry Instrument nnd the Note are • ,
<br /> declared to be severable. I
<br /> , • � 16. Borrower•s Copv Borrower.hall he given onr confom�cd capy of the Notr und oF this Securty lnstrument. � . _
<br /> 17. 7lransPer of the Property or a Bene�ciul Interest in Borrower. If atl or xny part of thc Property or uny interest in � _
<br /> it is sold or tranxferred tor if u hcneficiul interc,t in Borrowcr i�tiold or transfrrrcd ond dorrower is not u natural person) .
<br /> � . without LenderE prior writtcn conxent.Lendcr may,at it.optian,myuim immediutc payment in full of all sums secured by '
<br /> this Securiry Instrumcnt, Howevcr,thi.aption shaU nnt tm cxercised by Lendrr if rxerci.e is pmhiNited by federal luw as of
<br /> the datc of thi+Security Instrumcnt.
<br /> . !f Lender exenities this option,Lender shall�ive Barcc�wer notice of accelerution. The n��tice shall provide a period of
<br /> not le�s thun 30 duys from the dute the notice is delivcrcd or mailed within which Borcower mu�t puy all,um`�ecumd by thix
<br /> Securiry Imtrnment. If Borcower fail�to pay theye tiums prior to thc rxpirution e�f this prriad, Lcnder may invoke uny
<br />_ ' remedics pcnnitted Ny this Securiry I nytrument without funhcr notirc�ir demund on Sorrcwcr.
<br /> • � 18. Borrower's Ri�ht to Relnstate. If Bc�rrowrr�rnet+ ccrtain c�mdition.. Burruwer +hull have the right to havc
<br /> � � enforcement nf this Sccurity Instnimcnt di.continued at uny timr priur t��thc earlier of: (a)S Juy,(ar xurh other periexi us
<br /> tim�k Fam�I� •Fennle�tne/Freddle�fac CtitFOKllItitiTRl'11F.tiT••l�ndami t'nv.nant, 9/90 �pu��•J��jn�w�r.v
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