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<br /> — — condemttut[on ar other taicing of ciny pnrt of the Propeny,or for canveyanco in Ileu of condemnatiun,nre hex+aby asalgicd nnd
<br /> ehali be paid to Lender.
<br /> !n the event a1 a totai taklag of the Prapxrty�the procceds shull 6a appfied to th� sums recumd by this Secudty _
<br /> Inatrument,whether or nnt thcn due.with any oxcesa paid to Bormwer. In the evcnt of a pnrtiul tuking of the Prop�rry in
<br /> __. � ____� which the fiir muket valuo of ths Property tmntediatety bofom tho taking ia equal ta ot greAtcr than che amount of the sums
<br /> — --- secu�+cd by this 5ecudty Inauument immedtately before the taking,u�less Borcowar and Lender otherwiso ugree in wtidng, - - -
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<br /> tha suma secured by thts SecurIty Inauumcnt shull be ceduced by thc umount of the proceed9 muidplled b�the fnitowing ` ` - - -
<br /> frnction: (a)the tatul amount of tha eums recured immediutely beforo tha taking.divided by(b)the[air m�et valua af the
<br /> ti� PropeRy immediately before the taking. My bulance shall bes pnfd to Borrower. In the evcnt of a pnrtiul wlcing of tho
<br /> Pcopecty in which tlie foir market value of tha Property lmmediately before the taking is less than the nmount of the aums
<br /> secured immedintely before the taking, u�teag Borrower itnd Lender otherwise ognee in writing or unless appllcable luw
<br /> otherw[se provtdes.tho proceeds ahall be applled to the suma secured by thia Secudty Inspvment whethor or n�1 the aums ure
<br /> ' then due. _ _
<br />� If the PropeRy ls abandoned by Botrower,or if,after nottce by Lender to Horrower thut the condemnor offers to make `° �
<br /> an award or settle a claim for damages,Borrower faiis to re.gpond to Lender within 30 days after the date the nattce ls given, -�,_,____ -- -
<br /> : Lender ia authorized to cotlect and apply the proceeds,at its option,elther to restoratlan ot repalr of the Property or to the
<br />., sums secured by this Securlty Insuument.whether or not thcn dua.
<br /> : ; h Unless l.endei•and Borrawer otherwise agcee in writing. any appltcatton of procexds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to i�para�ruphs 1 and 2 0�change the amount of such payments.
<br /> „��, 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extenslon of the time for payment ar -------
<br /> ��.,;�.'.`.�:_��.�,� modification of amortjzation of the sums secured by this 5ecurlty lnstnunent granted by l..ender to any successor in interest ___ _
<br /> _.,.,_,=.�.- of Borrower shall not operate to release the liability of the originnl Bonower or Borroweris successors in interest. Lender _
<br /> ,",• .-'"�'��.,�,t shall not be required to commence proceedtngs a�ainst any successor in interest or retuse to extend time for paymem or �F;,;{-=_==°°
<br /> •• � otherwise modify iunortizatton of the sums secur�ed by thfs Secur�ty Instrument by reason of any demnnd made by the odginal � T��°--
<br /> � � '13 � Borrower or Borrowerk succeasors ln interest. Any forbearnnce by Lender in exercisins any right or remedy ahall not be a �.:_��```�
<br /> "�°���� '�'.y-'`.;�' waiver of or preclude the exercise of any dght or remedy. '''�'-°"_"
<br /> , It. Successors and Assigns Bound;Joint and Several I.iability;Casigners. The covenants and agreements of this
<br /> ' ' ` , ' Securlty Inatrument ahnll bind and benefit the successors and assigna of Lender and Borrower.subject to the provi9ions of '�`"�'�
<br /> ; ' . � � paragraph 17. Horrower•s covenant� and agmxmen�s shull be joint and several. Any Borrower who casigns this Secur�ty �"` '�s
<br /> � �. Inatrument 6ut dces not execute the Note: (n)is co-si�ning this Securiry Instcument only to mortgage.grnnt and convey thut '.���r':`:--
<br /> � Borrower�s intecest in the Property undcr ihe terms of this Security Instrument; tb)is not personally obligated to puy th`e s`u,m� s • �� ' _
<br /> • , secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify�IOIIFAr � ..a.4;�
<br /> ' or make any accommodations with regard to the terms of thIs Securlty Instrument or the Note without thut Honower's •'t ��;.�-_
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<br /> ., .:.� wnseni. .. . ..� ,
<br /> , 13. Loa�Charges. if the loun secured by this Security Instrument i4 subject to a law which sets muxtmum loan ,
<br /> � charges,and that law is finally inte►p.cted so that the interest or other lonn churges collected or to be calleated in connectlon . .
<br /> � �� with the loan exceed the permitted limits.then: (a)am�such loan charge shall be rcduced by the umaunt necetisary to reduce
<br /> , • • the charge to the permitted limit;und(b)uny surns alreudy collected from Barrower which exceeded permitted limits wll!be �
<br /> refunded to Bomower. Lender muy chaose to muke this refund by reducing the prfncipul owed under the Note or by makin&a
<br /> _ ._.....�_..___.:____: direct puvment to Bamower. If u refund mduces principal.the reduction will be treuted us u purtiul pmpuyment without uny `
<br /> - --•--��- --- --- .
<br /> . prepayment charge under the Notc. � T-'�" -
<br /> 14. Notte�s. Any nottce to Bonower provided fnr in this Security Instrument shull be�tven by delivering tt or by ""��
<br /> � � mailins it by fint cluss muil untesx upplicuble luw requimx u�e of unother methcxi.The natice shull be directed to the Property �'
<br /> � Address or uny other uddress Borrower designutes by natice tu Le�ider. Any notice ta Lender shutl be given by fir+t cluss i�,,�
<br /> matl to Lenderh addmtis xtated hemin or uny nthcr uddresx Lender designutes hy notice to Borrowcr. Any notice provided for :+�;
<br /> in this Security Instrument shuU Ix. decmed to huvc Ixen given to Borrower or Lendcr when given u�, provided in thts "r;:'�--
<br /> " nrarnh
<br /> • p g15 Govern(ng Law; Severability. This Securiry Instrumcnt xhull be grnerned by fcdenil luw und the luw of the � �����T
<br /> � jurisdiction in which the Property is located. In the event thut any pr�vi+ion or clau�r uf this Sccurity Instrument or the Nate � `���'
<br /> . conflicts with upplicable law,tiuch contlict tihall not affect othcr provitiiun+��f thi.Sccurity In�trument or the Note whtch r�n
<br /> ' , he given effect without the conflicting provixion. To this end the provi,ion.of thi� Serurity ln+trument unJ the Note+�re ° .
<br /> declared to be severable. , �
<br /> !i 16. 8orrower's Copy. Borrowcr shull bc gi��cn cmc conf'ornicd rapy uf thr Notr und of this Scrurity Imtn�mcnt. . •
<br /> ' 17. 'll�ansfer of the Prnperty nr a 8eneticinl Interetit in Borruwer. It'uil i�r itny purt<�f thr Property or uny intcretit in ,
<br /> ' it is sold or transferred (or if a bencticiul intcrr�t in Borrowcr i.suld iir tran.fernd und Bormwer is not u nutural penon)
<br /> " ° without Lender's prior writtrn coment,l.endcr rnay,ut it.uption,rcyuirc immediute pnyment in full��f ull�ums secured by ,
<br /> • „ . thts Security Instniment. However,this option shull not M:exercised by Lender if exrrcise is pmhiMited hy federul luw a.of'
<br /> , the date of this Securiry Imtrument.
<br /> If Lender exerciser this optian.Lendcr shutl givr Burruwer noticr of urrelrrution. The notire tihuU provide a periai of
<br /> { `. . not less thun 30 days from thc date the notice iti delivercd or mailed within which Borr��wer mutit puy ull,ums secumd by this
<br /> Securiry Instrument. If Borrower fuils to pay ihe+e aums prior to thc expiration of this periocf, Lender may invoke uny
<br /> , remedies permitted by this Sccurity Inxtrument without furthcr noticr or demund un Borrower.
<br /> , � • , IS. Borrower's Ri�ht tn Reinstete. lf Borivwer meetx crrtuin condition+, Be�rc��wer �hull huve thc right ta huve
<br /> i enforcement of thi�Security Inxtrument discontinued:►t uny time prior to the c�►rlier ofl. (u)5 days(or such other perind u.
<br /> Single F:umly••F'nnnie Mne/Frntdk Mnc l'NIFORN INtiTRI'b1F:ti'I'•-t�nitum�('u�cnrnt. 9/90 �/�rAe�t���n/wxr_t� I
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