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<br /> - `-`�'�D condcmnatton or othcr tuking af uny part af thc Prapcay,or for conveyance ln lieu e�f condemnution,arc hcrcby assigned nnd
<br /> ehall be paid to lxnder.
<br /> In the cvcnt of a totA! taking af tho Properiy,t�o proceeds shaU be applied co the xams secured by thia SecurIty
<br /> Insuument, whether or not then due,with any exeess patd to Bormwer. in che avent oi a pactfAl taking of tho Piraperty in
<br /> _ __ � whish the fair nlarkct value of the Property Immedietety before the talcing is equui to or grenter than the amount of the suma
<br /> secured by thix Secudty lastrument immediately beforo thc takIng.untess Bvrrower and I.ender otherwlse agrce in wrltinR� -
<br /> - - ----- the�ums secured by thia Securiry insuument shall be rcduced by the amaunt of the proceeda multipUed by the following
<br /> ��T - --� fraction: (a)tho total umount of the sums secured immediutely befora the tuking,divlded by(b)the fair market valua of tt�e `
<br /> �. Propeny immediately bafore the taking. Any balance shall ba pald to Borrawer. In the event of a partlal taking of the
<br /> :t Property in which the fatr market value of the Praperty immediately before the taking is leas than the amount of the sums
<br /> cecured immediately before the taking.unlesa Borrower and Lender otherwtse agrcx in wdt�ng ar unlec9 appltcable law
<br /> othe�wise provideq,the proceeds ehall be applied to the sums secured by this Secudty Inswment whether or not the sums are
<br /> " then due.
<br /> A If the Property is abandoned by Borrower,or if,atter notice by l.ender to Bonower that the condemnor offers to make !
<br /> an awurd or settlo a claim for damages.Bocrower fails to respond to Lender wIthln 30 days atter the dute the nodce la given,
<br /> � Ixnder is autharized to collect and apply the proceeds.at its nntion.either to restoratton or repair of the Property or to the
<br /> `j .. sums secured by this Securlty Instrument,whether ornot thea due.
<br /> � ., Unless Lender and Borrower otherwise agree In wdting,any application of proceeda to Qrincipal shall not extond or
<br /> ,. �',...
<br /> . �;;,,�.�'r, :•, postpone the due dute of the monthly payments rcfcrtcd to in pnrngruphs 1 und 2 or chan�e the amount of such payments. ---.
<br /> ,�y��;�,. 11. Botrower 1Vot Released; Forbearence By Lender Not a Walven Eatenston of the time for payment or
<br /> modtficntion of amortizatton of the sums secural by this Security Instrument granted by Lender to any successor in Ltterest
<br /> � �'-=���'�� ' of Borrower shaU not operate to release the liabi liry of the odgtnal Borrower or Borr+�wer�s successora In interesG I.ender �
<br /> �.... .�.�.�--_�=
<br /> = r,,, ,,,� shali not be required eo commence prc,ceCCfings rngain�t w,y auc�sao; Iii tatarast ar refusc ta cztcnd t�ma for paymesst or T=_-_
<br /> 4.:a�'��_��.�: ' otherwisc modify amortizatian of the sums secured by thie Security instrument by reason of eny demand madc by the odginal _
<br /> � „ �° Borrower or Borrower�c successors in interest. A�y forbearance by Lender in exercising any right or remedy shall not be a
<br /> .;1.,;� :,,,. _. ,� waiver of or preclude the exercise of any dght a remedy. ��F'
<br /> . ., �,?:.
<br /> • .. 12. Successore ae�d Assigns Bound;Jotnt snd Several LiabiUty;Casigners. The covenants and agreements of this -,�,-
<br /> '' � Securlty Instrume�t shall bind and bene6t the successors and aassigns of Lender and Borrower.subject to the provisions of ���
<br /> � . � paragraph 17. Borrowenc �ovenants and agreements shall be joint and severnl.Any Borrower who casigns th�s Securlty .�,ts
<br /> .. � . � Insuument but does not execute the Note: (a)is casignin$this Securlty Instrument only to mortgage.grant and convey that -
<br /> • • Borrower:5 interest in the Prnperty under the cerms of this Secur�ty insuument; (b>is not personally obligated to pay the sums .;� ,
<br /> ° � secured by this Securiry Instniment;and(c)agrees that I.ender and Any othcr Borrower rasy sgree to extend,modify,forbear �,
<br /> __ ' � or make siny accommodations with regard to the terms of this Security Instrument or the Note without that Borrower�s �rr
<br /> - consent.
<br /> • - � " � i3. I.uan Ct�ar ess. i[th� ioan a�:ur�i by this Sccurity Issuu�rscnt is subject to a I�tit �hich:xss maxlmum lo$ss , .�
<br /> � .. churges,and that Inw�s finally interpreted so thet the Interest or other loan charges collected or to be collected in connecdon ;>�_
<br /> ' � with the loan exceed the permitted limits,then: (a�)ony such Ionn charge shall b¢reduced by the amount necessary to reduce ;�,�
<br /> the charge to the permiaed limit;and(b)any sums e�ready collected fmm Borrower which exceeded permitted limits will be :a',
<br /> �� "' ' refunded to Borrower. I.ender may choose to make this refund by reducfng the principal owed under the Note or by mak�n�a
<br /> dimct puyment to Borrower. If a nefund reduces principal,the reduction will be treated ac a partlal prepayment without any
<br /> -�'�`'�'— � prcpnyment charge under tt�e Note. - --
<br /> 14. Notices. Any notice to Borrower prov ided for in this Security Instrument shali be�iven by delivering it or by
<br /> mniling it by flrst cluss muil unless applicnble law reyuires use of unother method.The notice sMall be directed to the Propecty
<br /> Address or cu�y other address Bonower designat�s by aotice to Lender. Any notice to Lender shall be given by first class
<br /> � � , mnil to Lendcr ti address stuted hemtn or any other addrexs Lcnder designatcs by nottcc to Borrower. Any�ottce provtdcd for
<br /> � in this Secur�ty Instniment shall be deemed ro havc been given to Borrower or Lender when given as provided In this
<br /> , o para�raph.
<br /> IS. Governing I.aw: Severability. This Security Instrumcnt shall be govemed by federnt law and the luw of the
<br /> juri.r•diction in which the Property i+lacuted. In the event thut uny provision or clause of this Security Instrument or the Note
<br /> ! conflicts with upplicnble law,such conflict xhall not uff2ct other provisiotn af this Security Instrument or the Note which can
<br /> . be given effect without the conflicting provisian. Tu this end the provi.ions of thi.r• Security Instrument und the Note are
<br /> �" dcclared to be sevemble.
<br /> ' " 16. Borrower's Gopy. Bormwer shull be gi ven one confurmed copy of the Note und of this Security Instrument.
<br /> � 17. 7lransfer of the Property or a Beneflcial Interest In Borrower. if u11 or uny part of the Property or any interest in
<br /> '' it is sold or tr.�nsfcmed(or if u beneficial interest in Borrowcr is sald or trunsferred and Borrower is not u naturnl person)
<br /> • wlthout Lender'.s prior written con�cnt.l.endcr may,at itti option,rcyuire immedinte pnyment in full of all sums secured by
<br /> • this Security Instrument, However,this option sh all not bc�exercised by Lender if exercise is prohibited by federal luw�.s of
<br /> " the Jute of this Security[nstrument.
<br /> ' • � If Lender exercises thi,option,Lender ,hall give Borrower notice of acreleration. The notice shall provtde u pedod of
<br /> ; not less than 30 days from the dute the notice isd�livered or mailed within whirh Borrower must puy all sums secured by this
<br /> `' Security Instrument. If Borrower tuils to puy tttese tiums prior to the expirution af this perioci, Lendcr muy invoke uny
<br /> remedies permiued by this Securiry Instn►mcnt wi ttrout further notice��r demund on Borrower.
<br /> 1R. Borrower's Itlght to Reinstete. It Bortowcr mcch ccrtuin rnnditions. Borrowcr zhall huvc thc right to have
<br /> `' � " ' enforcement of'thi.Security Instrument dixcontinued at any timc prior to the earlier of: tu)5 day.{or such other period us
<br /> - • Siogle Famil�•-Fannie Mae/Fhddie�fac 1'N1FOR\t ItitiTRCMR\7'-•Umfortn Covcnanh 9/90 ipuge 4��JA pugi•s�
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