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<br /> --- oondomnadon or other takin$of any part of the P'roperty.or for canveyance in lieu af condemnadon.aro hcrcby agafg��ed a�►d
<br /> ehali be paid to Lender.
<br /> In the ev�nt of a total wking of the Froperty. the proceeds shnll be applled to tl�e sums Fecured by thle Sxurity
<br /> - Insuumenl.whether or not then due,with any excess paid to Borrower. In the evont of a pattlal taking of tha Ptoperty in
<br /> wh[ch the feir murket valua of tho Pmpe�tY�adlately beforc the taking la equal to or greAter than the amount of thb eums
<br /> �Tl.�' Fecured by this Security Insm�ment immediutely befon the utkIng,unless Horrow�r and Lender otnerwise agrec in writing. --
<br /> ° - _---- - tha suma secured by this Sec�uiry Instr+umertt shuU 6a reduce6 by the umount of the pmeeeds mu�tiplied by the following �---_-ff__
<br /> frncdon: (u)the total amount of the sums sx�ued.lmmedistely 6efore the wkIng.dlvtded by(b)the fair market valae of the
<br /> �?�! Prope�ty immediately bcforrs the taking. Any balance sh�ll be paid to Sorrowcr. In the event oY a partial taking of the
<br /> 'f� Property in whtch the fair market vulue of the Prope�ty immediately befora the tuking la less than the a►n�w�t of tha suma
<br /> �^ �' recured immedIately before ehe taking. unless Boaower and I.ender otherwise ag�+ee in wnting or unless applicable law
<br /> otherwise provides.the proceeds aha11 be applled w the sums secured by this Secudry insuument whether ar aot the sums aro
<br />-• then due.
<br />— � If the Propeety is ubandoned by BoROwer,ar if.after notice by Lender to Bocrower thut the candemnor offera to malce —
<br /> • an sward or e,ettle a claim for damages.Bomower futfs to respond to I.ender within 30 days atter the dnte the notice is given.
<br />- l.ender ia authorized to collect and appty the proceeda,ut its option,elther to resroration or repair of the Prnpetty or to the
<br />?�/ � �, suma recured by this Securlty Insaumenti whether or not then due.
<br />� Unless L,ender and Borrower otherwise agree in wrltin an ap lication of roceeds to ncl al shall not extend or
<br /> . „�r a�,�,,��•,,:. b• Y P P Pn P
<br /> '�`y"''' st ae the due date of the monthl a ments Kferred to in aza ra bs 1 and 2 or chan e the amount of such a ments.
<br /> �;„:. �: po po Y P Y P E P 6 P Y
<br /> . �e�,:Y;?;�%�"y'��; il. Barrower Not R�teased; Forbearancc By I.ender Not a Waiver. Bxtension of the dme for payment or
<br /> �.�....�3f�f:N madificntton of amartization of the sums secured by this Securiry(nstrument granted by Lender to eny successor in interest
<br /> ,'_r•- ....,?:'
<br /> - __ �•�?" �•�w_-__=�� of Borrower shall not operate to releasc t�e Ifability of the or�ginal Borrowcr ar Sorrowerh successors in interest.i.ender � �
<br /> �%�;?•••.M � f shall not berequireA to commence proceedings agaiast any successor in interest or refnse to extend time for pr.ymcni vr =
<br /> � "`�? �'``�' ' " � • otherwise modify amortization of the sums secured by this Secudry Instrument by reuson of any demand made by the original _
<br /> - .�,fl,�,. Borrower or Borrower�s successors in interest. Any forbearance by Lender in exercising any right or remedy shull not 6e a -�--
<br /> �"' • � �•�'i %�*= waiver of or preclude the exercise af any right or remedy.
<br /> l 12. Succes.sors and Assigns Bouad;Jolnt and Several Liabillty;Co�signers. The covenants and a�reements of this �-�-
<br /> ' � Seeutlry Instrument shaA bind and benefit the successors and assigns of Lender and Borrower,sub ject to the provlaiona of o�
<br /> �," ' psiragrnph 17.Borrower�covenants nnd ngreements shaU b�:joint and several. Any Borrower who casigns this Security �y,♦___
<br /> Inspument but dces not execute the Note: (a)is co-signing this Securlty InsUVment only to mortgage.grant and convey that —
<br /> � Borrowerk interest!n the Piroperty under the tecros of thls Secur�ty Instrumenr, (b)is not personally obligated to pay the sums ���_A
<br /> . " � secured by this Security Instrument;and(c)agrees thot Lender and any other Borrower may a�ree to extend.modify.forbear �``f•
<br /> • or make any accommodutions with regard to the terms uf thts Security Instrnment or the Note without that Barrower� ��'�"
<br />�- " _ coa�cat.
<br /> � 13. Loan Char.gea If the lonn secured by thix Security Inswment Is subject to a law which sets maximum loan , "^xs:
<br /> charges,and that law is finally interpreted so that the interest or other lonn chargea collected or to be collected in connecdon • �a�,
<br /> wttb the loan exceed the permltted limlts.then: (u)any such lonn charge shall be reduced by tl�e umount necessary to reduce �:"'`•'•�
<br /> � ' the char�e to the permitted iimit;and(b)nny hums already collected from Borrower which exceeded pem�itted IimiGg wili be '�' �
<br /> . refunded to Borrower. Le.nder may choose to make this refund by�educing the prfncipal owed under the Note or by m�lcing a
<br /> _,_.. . __.:..___............._..__....__ direct pnyment to Borrower. If u refund reduces princIpal,the reduction will be treated as a purtial prepuyment without any �r
<br />- - � -----.___......_....
<br /> prepayment churge under the Note.
<br /> •' 14. Notices. Any nottce to Borrower provided for in this Security Instrument shalt be given by deliverins it or by
<br />- � mailing it by first class mail unless upplicnble law mquims u,e of unuther method.The notice shafl be directed to the Ptopercy
<br /> ' ' Address or any other nddress Bomower detiignates by notice to Lendcr. Any notice ro Lender sh�ll be given by tint cla.tis
<br /> � �• ;nail to L.enderk address xtated herein or uny other addmsr Lender dexignateti by rtottce to Borrower. P,ny notice provided for
<br /> _'- � ' in this Securiry Instrument shull be decmed to huvc bcen given to BoROwer or Lendcr whcn given ati provided in this
<br /> �! arn rn h
<br /> �� ' p �15 Governi�g I.nw; Severability. This Sccurity Instrument xhall be �overned by federsil law and tltc law of the
<br /> ' , . , jurisdiction in which the Pmperty is Iocated. In the event that uny provision or cluuxe of this Security Instrument or the Note
<br /> conflictc with applicnble law,tiuch conflict+hall not affect other pravisions of this Security In�trument or the Note which cun
<br /> _ be given effeet without the ronflicting pmvision. To this end the provisions of this Security Intitrument und the Nate u��e °
<br /> „ � declared to t.e severable.
<br /> � 16. Borrower's Copy. Borrawcr�hull be given onc confortned��py ot'the Notc and of this Security lnztrument. ��
<br /> 17. 7hansPer of the Property or a Beneticinl Interest in Borrower. if all or any part of thc Pmperty or u�y intcrc+t in
<br /> � it fs sold ar transferred(or if u hencficial intcrest in Borrowcr is tiold or transferccd und Borrawcr ix not a nnturnl penon)
<br /> ' � wlthout l.enders prior written consent,Lender muy, ut itti option,requirc immediute payment in full of ull sums secured by
<br /> � ' " this Security Instrument. However,this option shull not be exerci�ed by Lender if exercise i� prohibited by federul luw us of
<br /> the date of this Security(nstrument.
<br /> � If Lender exercises this option.Lender tihall give Hunower notice of ucceleration. The nutice shall provide a period of
<br /> ' not less than 30 days from the dntc the notice ix delivemd or mailed within which Born�wer mu�t pay ull sums securcd by tliis
<br /> � Securiry Instrument. [f Borrower fails to pay thesc sum, prior to thc expirution of this period.Lender may invnkc any
<br />_�; • remedies permitted by this Securiry Instrument without further notire or demand on Borcower.
<br /> ' 18. Borrower's Right to Reinstate. If Borrower mertx cenain ccinditianti, Borrowe�+hall have the right to have I
<br /> J ; � enforcement of this Securiry Instrument dir�ontinued at uny time prioc to the earlicr of: ta1 S day�(or such other perind u. �
<br /> . • SinEk Family-•Fannte Vlae/F�eddle Mac l"�IF'ORN INSTRI'NENT••(�nd�Krn Co�cnant. 9/90 rpux�0 ujn�wxe-si
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