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<br /> condemnatlon or nther tnking of any part of tho Property.ar for canveyuncu in licu af cnitdc�nnnNati,uro hcreby nqsigncd and
<br /> »hall be paid w Lcnder.
<br /> In the nvent of u total taking of tho Property. tho prrooeeda ehsli bo npplicd to tlto xums Rccure�i by thiN 3ccudty
<br /> -- ----- insuument.tivhether or not then due,with�»y oxasa pald ta 8oaawcr. In tho ovcnt uf u pattinl t+iking of tho Praperty in �
<br /> which tho fair murket vttlue of cho Praperty immedlataly befaro tho takfng ie cyuAl to ar gccater than tho umaunt a�'tho sume
<br /> — - - _� bccurcd by thls Security Insuument immedintely boPiiro tho taking.unlens 8urrower nrt d I..ender uthcrwi�;o og�eo in wrtHn g, G _ __
<br /> the sums securcd by this Sesurity Insaument ahali bo rcduced by tho amuunt af tho �racceds multipited by the foltowing
<br /> fraction: (a)the total amount of the sums rxcured immedlately befaro thu taking,divideA by(b)tho fair market value of the
<br /> � - � Property immediutely before the tnking. My balnnce Rhall be puid ta �onowcr. (n tho avcnt of a puntal taking of tho _
<br /> - Property in which the fair market vnlue of the Prope�ty immedintcly before tho taking iA lexs thun the amount aF�he suma
<br /> - �ecur�ed immediately before the taking, untess Borcower und l.ender ntherwlse agrce In wdting ar unless appliceble law
<br />- otherwIse provides,the pmcceds shall bo npplied to the sume recured by thia Security InsGUment whether or not tho eums are
<br />-�''" then due. ---
<br />-�:� If the Property is abandoned by Borrowor,or if, after nodce by Lender ta Botrower that the condemnor affers to make
<br />_-�;;u an award or settle a claim for damages,Borrower fails to respond to Lender within 30 days aRer the date the nodce is given.
<br /> r I.ender is authorized to collect and apply the proceeds,at its option,either ta restorutlon or repair of tho PropeRy or to the
<br />����' sums secured by this Securtty Insnvment.whether or not then due.
<br /> �`� Unless L.ender and Borrower otherwtse agree in wdting.any application of proceeds to principal shall not extend or
<br />�• p o s t p o n e t h e d u e d a t e�f the monthl y pu y ments referred ro in paragrapha 1 and 2 or change the amount of such paymcnts.
<br /> =' . 11. �orrower Not Released; Forbearance By Lender Not a Waiver. Extension of the dme for payment or
<br />_._ tnodlfcati�n of amorti�ntinn of the aums secured by this Security Insuument ytranted by Lender to any�s��cc�.sc�r in interest _
<br />- �--'`T� of Borrower shall not operete to release the liability af the or�ginal Borrower or Borrowerk successors in interest Lender = - -
<br /> '�:��. .•;',� : shall n�t bc+required to commence proceedings agai�st any successor In interest or refur.e to extend time for payment or
<br /> ' '`��`: "'`�.; �� otherwise modlfy umortizatton of the sums secured by this Security Inswment by reason of any dcmand mude by the origtnal _- _.
<br />__ ;�',��'�j.. Bomower or Borrower's successors In interest. Any forbearance by Lender in exercising any right or remedy ahall not be a
<br /> waiver of or preclude the exercise of any rlght or remedy.
<br /> � .�• ' 12. Successors and AsslgnA Bound;Joint and Several�.labiltty;Castgners. The covenants and agreements of this �-
<br /> ..q•..;d.Y.t rN • .
<br /> `�� � . ' � ��'� Security Instniment shall bind end benefit the successors and esslg�s of I.ender and Bocrower.subject to the provisions of
<br /> ti '; � '... �r
<br /> para�raph 17. Borrower�s covenants and agreements shell be joint and several. Any Borrower who casigns thia Secudty
<br /> :�•%:•... �h Instrument but dces nut execute the Note: (a)ia casigning this Securlry Instrument only to mortgage.grunt and canvey that _-�r-
<br /> ' , 8orrower'.s interest in the Property under the terms of this Securiry lnstrument; (b)is not pecsonally obligated to puy the sums �Y;"�_
<br /> '� �� � secured by this Security Insuument:and(c)agrees that I.ender end any other Borrower may agree to extend,madtfy.forbear �,=.�„
<br /> • . . '�_ , . or make any accommadations with regard to the terms of this Security Instrument or the Note without that Borrower�s t�;
<br /> - , consent. � =� _
<br /> � 13. Loan Char�ges. If the loan secured by this Secudty Insuument Is subject to a law which seu maxirnum loan
<br /> char�es,and thnt Iaw is finally Interpreted so that the interest or other loan charges collected or to be collected in cannecdon ,;. .
<br /> � r:;:
<br /> � � " �� wtth the loan exceed the permitted limits,then: (a)uny such loan chnrge shap be reduced by the umount necessary to mduce ..•
<br /> - the charge to the permitted Itmit;and(b)any sums ulready collected from Borrower which exceeded{xcmitted limits will be ;.
<br /> •� -- - �� - • r�funded to Bormwer. Lender mny ch�se to mnke this refund by reducing the principa!owed under the Note orby making a .. ,:..,�
<br /> �• •• direct payment to Borrower. If u refund reduces principul,the reduction will be treuted as a pnrtiul prepayment without uny
<br /> . . prepayment charge under the Note. .
<br /> 14. Notice�. Any natice to Borrower provldad for in thts Security Instrument shall be �iven by delivering it or by
<br /> ti ,. , , mailing it by first class mail unless appltcable Inw rcquims us�of another method.The notice shalt be dtrected to the Property ,
<br /> - Address or any other address Borrower designates by notice to Lender. Any notice to Lender shull be given by first class �
<br /> " ` mail to Lender�address stated herein or any other nddr�ss Lender designates by notice to Borrower. Any notice prnvlded for
<br />-� � in this Securhy Inxtrument shall be:deemed ro bnve bcen given to Borrower or Lendcr when �iven ax provided in this
<br />- i psvugraph.
<br /> .�� 13. Governin� Law;Severabiltty. This Security Instrument shnll be govemed by tedernl luw und the law of the �
<br />_. jurIsdtctton in which tbe Property is located. In the event that uny provision or clause of this Security Instrument or the Note
<br /> , - - -. - -_ •-• conflicts�vith applicable law,such conflict shnll not wffect other provisions of this Securlty Instrument or the Note whish cnn
<br /> " be given effect without the conflicting provision. To this end the provisions of this Security lnstcument end the Note ure ��
<br /> ; declAred to t+e severuble.
<br /> '' � � 16, Borrower's Copy. Borrower shali be given one conformed copy of the Note and of this Security Instrument. .
<br /> • 17. 7�ansfer of the Property or a Beneficial Interest in Borrower. If all or uny part of thc:Property or uny interest in •
<br /> • � ., it is sold or transferred(or if u beneGciul interest in Borrower ix sold or trunsfcrred und Borrower i�not u naturul person) .
<br /> ., wtthout Lender's prior written coment.Lender muy, at its option,rcquirc immrdiute payment in fuU of ull sums sccurcd by
<br /> � . ,, � this Security Instrument. However.this option shall not be exerci,ed by Lender iC exerc�+e is prohibited by federal law ac of
<br />- the date of this Security lnstrument.
<br /> If Lender exercises thi+option,Lender shall give Sorrower notice of ucceleration. The notice tihull provide a period of
<br /> � �� '' ' not Iess thun 30 days from the date the notice is deiivered or muiled within whirh Borrower mu�t pay ull sums secured by thts •
<br /> , Security Instrument. If eorcower fails to puy the�e sumti prinr to the cxpirution of thi� period, Lender may imoke uny
<br />-: ' remedies permitted by this Security Instrumcnt without furthcr notice or demand on Bom�wcr.
<br /> '' ,,S „ ' + 18. Borrower's Right to Reinstate. If Borrower meets certain cundition+. Borruwer xhull huve th� right to have
<br /> �. F
<br /> • enforcement of thix Security In.trument disruntinued at any time prior to thr esrlier ot: tu)S duy�(or,uch otherperiod as
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<br /> , SinFle Famfiy--Fannle�1ue�FYeddle�fuc l'�IFQR11 li�tiTRC111ENT••l�mtiimt Co�en•rnt. 9/90 r iqr�u A
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