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<br /> condemnntian�r uther taking of nny part of the�ropeny.ar for conveyunce in lieu of condemnation,aro hereby assigned and
<br /> — shail be paid to Lender.
<br /> _ In the event of a total tnking af the Pt+operiy,che proceeds ehal!be applled to the sum� xecured by this Stcurity
<br /> -- � Inetrwnent.whether or nat then due.with t►t►y exceas pnid to Bon+nwet. In the errent af a pact4n!talcing of the Progerty in
<br /> �--------- .
<br /> wbich the falr market vnlua of the Property im�nediately before thc teking is equel to or�reater than the amoant of the suma
<br /> --
<br /> " �------ -� secured by this Sccurity Insnvment immediately before the tnkIn�,uNess Borrower nnd l.ender otherwi4e eBn�in wrltin�, �_- ___-____ -------
<br /> the suma secured by this 3erudty Insuument shall be reduced by ths smount of the proceeda muldplied by the foltowing `
<br /> �:� - fruction: (u)tho tosul amount of the sums secured immedistely beforo�he taking,dtvided by(b)the fnir mnrket value of the
<br /> 5: ! � � ['roperry immediataty bsfore the talcing. Any balancc shali be paid to Bortowcr. In the event of a partial taking of�he --'�--
<br /> � z � PcopeRy in wi�ich the fair market value of the Property immedtately befo�thc taking Is less than the amaunt of the�uma =-
<br />- ' secured Immediutely before the takIng. unlesa Borrower and Lender othenvise agree in wdting or unle�applicablo law ""'�-
<br /> ����
<br /> atherwlse�mvides.the proceeds shall be applted to the sums secured by this Security Insuument whether or not the sums ure ��_-��--�-�-------
<br />_. ,. : ihen duc. r��'>�'.::._+�--_
<br /> • if the Property is abandoned by Borrower,or if after noticc by L.ender ta Borrowcr thnt the condemnor offera to makc ``�;�=`==�-�---�_
<br />— -� .r�.f�,sr � z �s..v.�-._'----_
<br /> ��,��E,'�; ' an award or settte a claim for damages.Borrower fails to respond to Lender wlthin 3Q days After the date the nottce is given, �:,,��. �+�,
<br /> •� '�'F Lender is author�ud to collect and a I the roceedc at its o tion,either to restoration ar re uir of the Pro R or to the '" `�^`' '�' '��'•
<br /> . ni..�_,rRii..,�� PPY P , �.,_�v;4;:;;i-
<br /> P P Pe Y ;_���a:z�: -
<br /> y�• :- ..�• . . ::.,, aum�s�x;urr�l by Q�is Sc�:wIty Inyt�ument,witether ornoi then due. : . s
<br /> ����'`.��"-�•...•i� ..: �. Unless Lender wid Borrower otherwise ag�+es in writin�,eny nppllcation of proceeds to pr�nclpal shall not extend or �:;��'��'�" `-
<br /> °'a��,°"�;';z�'� st ne the due date of the monthl a ments refernd to in aru rn hs 1 and 2 or chnn e the umount of auch a ments. F'�•''�=�.^;�t��.�_
<br /> P� !� Y P Y P B P 8 P Y
<br /> '�'����`"?•�;;�;,, Il. Borrower Not Released; Florbearance 8y I.ender Not a Walver. Extension of the time for payment or ., �,�;_r r�
<br /> . � �. -..
<br /> -`�- ��-_'•-_�—• modit3catian cF at�ardratian af shc�ums:.ecured by thi�Security Isistrtsrnent�ronted by Lendrr t���my k���•rFCa�r in intereat �- �•
<br /> ,,;,.. of Barrower shail not operate to r+elease the tiability of the odginui Borrower or Borrower:s successors in interest. I.ender �U-.+'�` �'
<br /> , , shall not be required to commence proceedings against any successor in intemst or refuse to extend time for payment or ��_��_
<br /> " � " otherwl►e modify amortizution of the sums secured by this Securiry Instrument by muYOn of uny demnnd made by the orlglnal � • r..,s��-._
<br /> .° Borrower or Borrower!s successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a �� ��":_-
<br /> . �.,� •� ' _, waiver of or preclude the exercise of any dght or remedy. �'R`'�•t_:;�i;'::
<br /> R . 1� Succeasors and Assig�s Bound;Joint and Several LiabNity;Casigners. The covenunts and agreements of this o �., �; .,,�_.
<br /> • Security Instrument�hall bind and benefit the successon And asstgns of Lender and Borrower,subJect to the provisions of " :t�;�
<br /> •� . � paragraph 17. Bomower!s covenants and agreements shuq be joint and several.Any Borrower who co-signs this Secur�ty • •���'�'
<br /> , . Instrument but does not execute the Note: (a)is casigntng this Security Inswment only to mort�age,�rnnt and convey that �._,�..��`
<br /> Borrower's interest in the Property under the terms of this Securiry Instrument; (b)is not personally obli�ated to pay the sums �.
<br /> „ . secured by d�is Securlry tnsuument;and(c)agrees that Lender und any other Barrower may ugree to extend,modify,forbeor � �c �,.��
<br /> _ ,�. or make any accommodations wtth re�ard to the tecros of this Security Instrument or the Note without that Borrowerk 1��•�
<br /> . _ ::
<br /> • consent. °
<br /> 13. I.o�tn Charges. If the loan secured by this Securlty In�trument is subject to u luw which sets maximum loan
<br /> . " chaeges,ctnd thut law is finally interpretecl so that the interest or ather loan charges coltected or to be collected in connectIon �
<br /> ,, with the loan exceed the permitted limits,then: (n)any such loun charge shall be reduced by the amount necessury to reduce .
<br /> ` the char�e to the permitted limit;and(b)any sums ulready collected from Borrower which exceeded permitted limits will be . ,� .
<br /> rzfuude3 to Bwcower. Lender may choox W makc thk rcfund by rcductng thc pdncipat owed undcr thc i�Iotc or by making a '''
<br /> � �� ' direci paymant to Borrower. If u refund reduces principul,the reduction will be treuted ar u pnrtial prepuyment without any . i� � '
<br /> prepayment churge under the Note. y,=
<br /> . 14. Notices. Any notice to Borrower provided for in this Securlty Instrument shull be given by deliverins it or by . ' ,�
<br />� . mailing it by first cln.ss mail unless upplicable law requires use of unother method.The notice shull be directed to the Property �
<br />- Addmss or any other uddress Borrower designutes by noticc to Lender. Any natice ta Lender shall be given by first class ���.�;•�
<br />= mail to Lender�nddress stuted herein or nny other uddress Lender dexignatcs by notice to 8ormwer. Any notice provided for ,µ� � .
<br />�� , • in this Securiry Instrument shull be deemed to hnvc txen givcn to BoROwer or Lender when given us provided in thls , -�'` �
<br /> l P�SrePh• �:r•��;.v-
<br /> �r' 13. Governin� l.aw; Severabllity. This Security Instrument shall be govcrned by fedcral law und thc luw of the ���'
<br /> J;,: 1 _ � jurisdlction in whicb the Property is lacatcd. In the event that any provision or clouxr of thiti Securiry Instrument or the Nate ,��-•
<br /> � - �• conflicts with applic�ble taw,such conflict shali not affect ather provir;ians of this Security lnstrumem or the Note�vhieh can
<br /> • . " be�iven effect without the contlicting provision. To this end the provisions of this Security Intitrument und the Nate nre I ��
<br /> " declamd t�bc sevcrablc.
<br /> �" 16. Borrower's Copy. Borrowcr shult be gi ven onc conformcd copy of the Note und of thi.Security Instrument. I
<br /> 17. Transfer oP the Property or a Beneticial Interest in Borrower. If uli or any part��f thc Property or any interest in �
<br /> . � it is sold or trunsfcrred(or if u beneficiul intcrest in Borrower i,wid or transterred und Burrower i+ not u nr►turul penon) f �, • -
<br /> without Lender i prior written con,ent,Lcnder muy,at it�option,rcyuire imm�Jiat�puyment in full of all sum+secumd by f , ,
<br /> • "' this Security Instrument. However,thiti option shuil nnt be exercitied hy Lendrr if rxercise i.prohibited by federul luw us of I
<br /> � the date of this Security instrument.
<br /> . ." If Lender exercisex thi�option,Lender.r•hull give Borcower notire ot ucc�lerution. The noticc�huU�rovide u pe�iod of
<br /> '� „ not less than 30 duys from the datc the notice is delivcred or mailed within which Bonowcr must puy nU sum�secumd by this
<br /> , • Security Instrument. If Borrower fuit� to puy thc+e sums prior to thc expirution uf thix pericxi, Lender muy invoke :►ny
<br />�• � remedic.r• pertnitted by thiz Security Instrument without t unher noticc or dcmand an Bormwer. �
<br /> f' 1& Borrower's Right to Reinstute. If Borrower mects rrrt:iin condition., B��rruwrr ,hall huvc thc �ight to huvc
<br /> �� enforcement of this Security instrument dixcontinucd at any time prior to ttx earlier of: (a)S dayti lor wch other perial as �
<br /> � ..� . � Singie Famiiy..Fannlc Mue/Frcddie Muc CNIFt)RM INtiTRI'11F.\'1'-•Unifunn Co�rn:mt, 9/90 yx�Ae�J�q'n�e��.•.� �
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