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<br /> �•�'•°7?'�"'�'-�(•�� condemnntIon or other teking of any pnR of the Property,ar for conveyAnce in tieu of condemnatton.arc hereby assigned ond �� — ---
<br /> � "� � ehall be pnid to Lender.
<br /> `'' In the event of a towl taking of the Property. the praceeds shuli lx applied to die suma secured by this Security
<br /> = �. . Instrumen� whether or not then due,with cir►y excess patd to Bom�wer. In thc event of u partinl takIng of the Property in
<br /> which the fair market vulue of the Property immedistely before the takin�ia equal to or greater than the amaunt o f t l he sums
<br /> , .� �•���•. . secumd by this Securlry Inxtrumenc immedintety before the takIng,unless Borrower and l.ender otherwise agree in wdting,
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<br /> •��-;-�••--�•�:� the sua�s secured by tt�ls Security inFuument sha11�reduced by the amonnt of the prareeds mWtipfled by the follow ng �
<br /> - -- - ..
<br /> �•• ��:�'���''` fraction: (a)the towl amount of the sums secured immediutely 6efore the tek(ng.divlded by(b)the fair market value of tho --
<br /> �'�'•���::'• Property immediatety before the wkIns. Any bulance shali be puid to Borrower. In the event of u paRlal usking of the
<br /> � ';�:•��•� Property in which the fair mArket vulue of the Property immediately before 1he tnkl�g is tess thun the amount of the sums ----
<br /> ' � � � � � secured immediatcly before the tnking, unless Batrower and Lender otherwir.e agree in wdting ar unless appltcable luw _
<br /> �� `�� ,; otherwtse pmvidea,the proceeds shalt be applied to the sums secured by this Secudry Instrument whether or nat the sums are �---- _
<br /> �'. � , . then due. =`—�=---—
<br /> `�' � ' If thc Property is abandoned by Borrower,or if, aRcr notice by i.ender to Borrower that che condemnor offers to make !+�'_�_-- _ _,._ __
<br /> : {� an award or settle a clalm for dumages,Borrower fails to respond to Lender within 30 days after the date the nottce[s given, _ ___
<br /> • � Lendar is autharized to colleat and upply the proceeds,at i4g optton.either to restoration or repair of the Property or to the �-___ _
<br /> � sums secured by this Securlry Instrument.whether or not then due. �;"'�`����__ Y__
<br /> Unless Lender and Borrower otherwlse agree in wdttng,uny applicatton of proceeds to prIncipai shall not extend or ,,,��.,.�,�..�....
<br /> postpone the due dnte of the monthly puymentc refcrred to in paragraphs i and 2 or change the amount of such paymenu. r�,,�,.__
<br /> il. Borrower Not Released; Fbrbearancc By Lender Not a Waiver. Extensian of the timc for payment or ����•Mj"`—
<br /> modificatian of umortizntion af the sums secured by this Securfty Instniment granted by Lender to any successor in mterest .xy��,�_".y,;-
<br /> � - - •--�—--- of Sortower shaii not opernte to reiease the liubiJity �f th.;ori�tnal Barrawcr ar Barm�cr�saccexsor� 4n interest. LetKler -__T---
<br /> S � shall not he required to commence proceedings against any successor in interest or refuse ro extend time for payment or ' ,., t _-=
<br /> otherwise modify amonizntion of the sums secured by this Securlty Instrument by rcnson of any demund mude by the original �
<br /> Borrower or Borrower!s tiucceswn in inter�est. Any forbearnnce by Lender in exercising t►ny r�ght or remedy shall not be a ��+ '•"?"-�'�=%•--
<br /> F.. t.:.�.-__.-.-
<br /> � wuiver of or pmclude the exercise of uny risht or remedy. ,. __°- � _
<br /> � 12. Successors and Assigns Boundt Jolnt and Severat Liability;Co-signers. The covenunts and agreements of this :;���^��.
<br /> • Security Insuument shalf bind and benefit ehe successors and assigns of Lender and Borrower.subject eo the provisions of
<br /> , puragraph 17.BorrowePs covenants and a�reements shall be joint and severuL Any 8orrower who co-signs this Securlty ' �,�,�---��_
<br /> , Instrument but dces not execute the Note: (a)ix casigning this Secudty Instrument only to martgage,grAnt and convey thnt , ____
<br /> Borrawer!s interest in the Property under the terms of this Sccurity Instrument; t b)is not personully ubligated to puy the sums --_--
<br /> .. secumd by this Securiry Instrument:and(c;ugrees that Lender und uny other Borrower may ugree to extend,modify.forbear , •%
<br /> ur make uny accommodations with regard to the tertns of this Security ]nstrument ar the Note without that Borrower's -
<br /> - -----__- consent.
<br /> 13. L.oan Charges. If thc loan secured by this Security Inxtn�ment is subject to a Inw which sets mnximum loan
<br /> charges,wid that Inw is finnlly interpreted so that the interest or other loan charges collected or to be collected in connection �� ,
<br /> with the loan exceed the pertnitted limitx,then: (a)any+uch loan charge�fiull be reduced by the amount necessary to reduce
<br /> the churge to the permitted limit;und(b)any sumx almady collected from Borrower which exceeded permitted limits will be
<br /> ' refunded to Borrower. Lender muy choo,e to muke this refund by mducing the principAl owed under the Note or by mukin�n { f;
<br /> � direct payment to Borrower. If u refund mduces principal.the reduction will be tr�uted us a partiol prepayment without any r� r
<br /> " pmpayment charge under thc Note.
<br /> 14. Notices. Any notice to Borrower provided for in tbix Security Instrument chall be given by delivering it or by . n� f
<br /> muiling it by first claz,m:�ii unle,s upplirable Inw rcquims u.e of anothcr method.The notice shull be directed to the Property
<br /> Addresr or any other uddres+ Borrowe:designate►by notire to Len der. Any notice tu Len der ti ha l l b e g i v e n b y f i n t c l n s s "x.,'
<br /> . mail to Lendcr;uddress stuted herein or uny other addrc+.Lender dc�ign•rte� by no�ice to Borrower. Any notice pmvided for �� "�
<br /> in this Security In.trument shttll lx deentcd to Iwvr bcen given ro Borrowcr or Lrnder when given ns providcd in this :� �j'��
<br /> , puragruph. ,'*'ir%'.'
<br /> IS. Governin� Lew: Severabflitv This Serurity In+trument +h:+l{ be govemcd by fedrral luw und the law of the ��� -
<br /> jurisdictinn in wi�ich the Propeny is i�xuted. [n the evem that any provi.ion or rlau.e of thi,Security Intitrument or the Note �' -
<br /> conflict.r with applicublc luw.,uch ronflict�hall not uffcct other provi�iom of thiti Srruriry In+trument or thc Notc which cnn �
<br /> �, be �iven eftect without the contUctmg provi�ion. To chi+ enJ thc pro�i.iun,uf thi, S«urit}� tnstrument and the ;�otc am -- -, -
<br /> declared to be xcvrruble.
<br /> 16. Borrower's Copy. Borrc��ver,hal l tk given onr confomicJ copy atlhr Notr.md of thi,Srcurity In.trument. ,
<br /> 17. 'IYansfer of the Property or u Benetfrinl Interest in B��rrow•er. f f all or an�•part of thc Propercy or any interext in : .
<br /> it is,old or trun,fcrrrd(or if a bcrnrfiriu� intere.t in Borcoarr is.<�Id ur trun.frmd and Borrowcr i�not a nntural prnan► :
<br /> without Lender;priur written rnnticnt. Lendcr mav. ut it�option,myuirc immrdiatc payment in full ot'all sums secured by '
<br /> this Security Instrument. However,thi���tiun tihall nin he exerri�ed hy Lender if rxerci�c i.pr<ihibited by federul law a,of I
<br /> thc date af this Sccurity In�trumcnt. ' •
<br /> If Lender exerrities thi+option.Lendrr�hall give Borrower noticu of'arcrlrratiun. The nutice.hall provid�a peri�xi of � •
<br /> not less than 3U days from thc date thc nutire i�dclivcred or mailed aithin whirh Borro��cr mu+t pay all wmti+ecurcd by thix
<br /> Serurity Instrument. If Borcower fail, to puy thc�e .umti prior to thr expiration of thi� prriod. Lender muy invoke any �
<br /> ' remedies permitted by thi,Security In,trument without further noticr ur demand un f3urraw er. �
<br /> ' 1$. Borrower's Ri�ht to Reinstate. If BorruH•er meet. rertain ccmJitium, Borrc•wer .hull have thr right tn have
<br /> enforcement of this Security In.trumrnt Ji�runtinu.d at any timr prii�r to Ihr rurlier uf: �a�5 da)ti tor wch athrr perioci •r.
<br /> Smglc F.�mih••F'ortnle�fuc•Freddle�tnc l'11FUR�t I\ti1'/tl�1k�T•�l mt�,mi c'u�cnrna 9�90 ipde�•J,�/n/kix�•,� �
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