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<br /> 94— 1�20bi�
<br /> =- - candcmnation ar athcr taking nf n��y pnrt af tha Piupcny,or for ronvcyunce in Hcu oP condcmnntion.are hcmby as4ibncd and
<br /> shall be puid ta Lender.
<br /> In the cvent aY n totul taking of tha Property. the procceda shull be applied ta the xuma �ecured by thls Secur(ty
<br /> -� Instrument,whether or aot then duo,with nny excess pnid to B�irowcr, In the cvent af u purtiol tuking of the!'ropeny In
<br /> - whlch the fair mnrket vulue of t�e Property immediately beforc the taking ia equAl to or greater than the amount af the sums
<br /> -- secuRd by this 6ecuriry Instrument immediately befom the tnking,unless sarrawer and LenAer otDienvise ogree in wrldng.
<br /> _____--—� the sums secured by this Secudty I�strument shall be reduced by the nmount oF the procecds multiplied by the follawing �_
<br /> fracdan: (u)the total emount of the sums secured immediately before the taking,divtded by(b)the fuir market vulue of the
<br /> Property immedistely bofore the taking. Any balance Rhal!be patd ta Borrower. in the evcnt af a portiul taking of the
<br /> y'� Propetry in avhich tha fair mcuket value af the Pmperty immediately before thc taking is lesw ihan the amount of the Rumg
<br /> secured lmmedlately beforc the takin�, unless Bc►rrower and Lender otherwise agree i� writing or unless appltcabla law
<br /> � othenvise provideR.the praceeds:,hail be uppNed ro the sums secured by this Security Inatn�ment whether ur not the Rums arc
<br /> � then due.
<br /> lf the Propetty is ubandoned by Borrower.or if.nfter nottce by Lender to Borrower that the candemnor offers to make
<br />- an award or settle a claim for damagea.Barrower fa�ls to�+espond to Lender within 30 dayR after the date the notice la glven,
<br /> .' I.ender is authotized to calteat and epply the pnoceeds,ut its option.etther to restoration or repair of the Propeay or to the
<br />_' sumQ secumd by thts Secu�ity Insuvment,whether or not then duc.
<br />� Unlesa Lender and Bocrower othenvise a�ree in wdting, any upplication of proceeds to pdnclpal shall not extend or
<br /> postpone the due date af the monthly puyments referred to tn paragcaphs 1 and 2 or change the amount of such puyments.
<br /> Il. Borrower Not Releesed; Forbearance By Lender No4 a Watver. Extenslon of the time for paymcnt or
<br /> ���-" modtRcation of amortizution of the suma secure�+by this Security Instrument granted by Lender to any Ruccessor ic►tnterest
<br /> - � °��� of Bortower shul!not operute to mlease the liabllity of the origina! Borrower or Bormwerk Fuccessors In intcresG L.ender __ _
<br /> . ;;+,..:.1..�.`...�.�-, .
<br /> _ �'"�.��'____ _-_ shaU not be required to comrnence praceedings against any successor ln interest or refuse to extend time for paymant or
<br /> ' ��•;,;,K:.;�°^��l'� otherwi�se modify amortization of the sums secured by this Security Instrument by reason of any demand mude by the odginal
<br /> �' "� Borrowcr or Bocrower�s tiucceuors in interest. Any forbeura�ce by Lender in excrcising any right or remedy shall not be a �,,
<br /> ���. -• ; ••':.•,". ,:�•," wAiver of or preclude the exercise of any ri�ht or remedy.
<br /> • `�'• ' • IZ. Succes�ora and Asstgna Bound;Joint and Several Ltability;Casigners. The covenants and ugreementR of this
<br /> , . ' ' Secudty Instrument shatl bind and benefit the successon and assigns of Lender and Borrower,subject ro the provisions of _
<br /> �� n •• puragmph 17. Borrower�s covennnts and ngreements shull be joint nnd several.Any Borrower who co-signs this Security =
<br /> . � ' �; Instrument but does not execute the Note: (u)is casigning this Security lnstrument only to mortguge,grnrtt and co»vey that __
<br /> Borrawer�interest in the Propeny under the terms of this SecurIty Instrumenr, (b)is nat personally obligated to pay the sums —.
<br /> � securcd by this Security Instrument:and tc)ugrees thut Lender und any ahcr Borrowcr muy agree ta cxtend.modify,forbear
<br /> � ' or make uny accommodstions with re�urd to the terms of this Security instrument or the Note without that Borrow�r s F'�`
<br /> -- __
<br /> consent.
<br /> — � i3. �.oan�har�rs. lf the iuun �ecurcJ iry ti�i,Security Instruinent iz suhjcct to a !aw which scts maxirr�um loan '-°�
<br /> • • • '� charges,and that law iti finuUy interpreted tio that the interest or other loan char�eti collected or to be collected in ronnection =
<br /> with the laun exceed the pertniued limlts,then: (a)any such loun char�e xhall be reduced by the amount necessary to reduce --
<br /> the charge to the permitted limiC etnd(b)any sums ulready callected from Borrower which exceeded permitted limi�ti wiU be _-
<br /> refunded to Borrower. Lender muy choase to make this refund by mducing the principul owed under the Note or by mnkin�a
<br /> � � direct payment to Borrower. If a refund rcduces principul,the reduction will he trented as a purtial prepayment without any
<br /> . _.__..... ._.__....,..:�_.�. pre�+nyment cherpc undcr thc NMC. �'
<br /> 14. Notices. Any nottee t� Borrower provided fcir in this Security ln�tniment xhull be given by deliverin�it or by '
<br /> ` muiling it by fint cla.r•s mail unle,x uppltcuble luw requiirx uxe of linother mcthod.The noticc shull be directed ro the Property '
<br /> � `,;•. Address or any other uddresti Borrower designutex by notice tu Lendcr. Any notice to Lendcr�hult be given by firtit class ��
<br /> • muil to LencterS uddmsti,tuted Ikrein�ir uny other uddrc�s Lendcr detiignutes by noticc to Borrawer. Any notice provided for
<br /> ; „ in this Security Instrument sBall tx deemrJ t�� huvc hccn given to Bo�rowrr or Lendcr when given a� provided in this
<br /> !: pnr�grnph.
<br /> .. IS. Coverning Law;:Severabllity. Thix Scruriry In.trument .hull t+c govrmcd hy fedcrul law und the tuw of thc
<br /> ' jurisdiction in which thc Propeny ix Icx:utcd. In thr cvcnt thut uny provision crr cluu.c af this Scrurity in+trument or the Note
<br /> � conflictx with npplicublc luw. ,u�h contlict xhull nut uffcrt��thcr pruvi.iuns of this Sccurity In�trumem�r the Notc which cun
<br /> be given effcct without the c��nflictinF provirion. Ti�thi.rnd thr pn>vixinn.<�f tt�i.Serurity In.trument und the Note ure
<br /> dcrlared to t�e�cvcrablc. ..
<br /> �� 16. Borrower's Copy. Borcowcr shall lx givrn unr rontiinned ccipy of thr Nutc+�nd of thi.Srcurity Instrument.
<br /> 1�. 7Yansfer oP the Property or a Rencficlal Intcrrst in Barrower. If i�ll ar tmy purt of thc Pn�peny or uny interest in
<br /> it iz sold or trunsfcrred(or it'a lxneficiul interr�t in Horru�vrr i�.uld ur ann,ferred and Borco���rr is n��t u nuturut penonf
<br /> withnut Lender's prior written conxcnt.Lrnder m:�y,at it.opti�m,reqi�irc immedic+te payment in I'uU ot all.umx serurcd by
<br /> this Securiry In+trument. Howevcr,thi.optian.hull nut tx rxercitird by Lenctcr if rxrrri.r i.pruhibited hy federal luw ux of
<br /> , the dutc��f this Sccurity InxtruiMnt.
<br /> !f Lendcr cxcrcisc+thi� ��icm.Lrndcr tihall givr Burr����•rr nnticc ut':�rccl�rutiun. Thr noticr �h+�tl proviJc it prriod of
<br /> not Icsx than 30 d:rys fmm thc Jatc thc noticr i+dclivrrrd or muiled within whirh fi��rrowcr nnt,l p:ry nll.umti ucurcd hy this
<br /> .. Securiry Inxtrumcnt. If Borro�vrr fail. ta par thr.r .wn. priur tu Ihr rrpiration uf thi. Exri�xl. Lcndcr nu►y invukc uny
<br /> remedie+permiucJ by this Scrurity In.trumrni withuut funher notirr�rr dcrnund i,n Hi,rn�wrr.
<br /> 18. Rnrrower's Iti�ht to Itcinstutc. H' Hurro�crr nurt. rrrtain cc,nditiun.. liorruwcr �h;�ll huvc thr right tu havc
<br /> S enforccmcnt of this Scrurity Li+triimrnt di,cnntinurd at;m� tinu pri�,r t�� thr��arlirr of: I:u S dar��ur�urh othrr prri�xl u,
<br /> • timgk h:umh••Fnnnlc�f��NFmddle�1nc l�IFl1R�1 1��'lRl'�1h:\'f 1 nUunn('u�.n.aih 4/90 ip��er J n)n�ai¢�•.v
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