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<br /> S-� candemnation or other taking of any part of the PropeAy,or tar conveynnce in lieu of condemnutia ,Are signed nnd ��� ����w:- _�
<br /> , ' ' shgll be paid to i.ender. 's��'�,�;•.�:`;':`�;,�_
<br /> In the event of u totul tnking af the Property. the procecds shnll be upplied to the sum�secured by this Security ``�'''
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<br /> • Instntment, whether or not then due, wfth uny cxcess puid ro Borrower. ln thc eve»t af n puttiul tuking uf the Prnpetty in ' ;,;y��`r��-
<br /> ,� ,a � which tiie falr murket valus of thc Property tmmediatcty before the taking is equal to or greuter thun the umaunt of the xums '��:,,•,�1:'^���
<br /> ' . � secured by this Security Insuument immedintely befam the tAlcin�. unless Born►wer and Lender athenvise ugrce in wdting, •� 5`'•�°•:;-.,,
<br /> , � - I Q►e Aurnx necured by thiK Security Instrument xhali be mduced by the unwunt af the prcxeedr, multiplirJ t�y the Pulluwing � -- -- '
<br /> fractlan: (a)the total amount af the sums s;ecured immedietely before the teking,divlded by(b)the fuir market vulue of the =�� : :• :�"`°
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<br /> „ • " Prnperty immediately before the tnking. Any bnluncc shull bc paid to Borrowcr. In thc event af n purtiut�aking of the •�• .w�`�=�•_
<br /> � PrapeRy in whtch the fair market vuluc af the Praperty immediately beforc thc tttking is lexy thun the umount af thc sums a ,rr�'�
<br /> ,,, �ecured Immediutcly before the taking, unle�ti Bartawer and Lender otherwise agrce in writing ar unless uppUcuble luw '
<br /> otherwfsc provide.s,the pracecdx shAU be upplied ta t1�e xumx secured by thix Securlty Instrument whether or nat the sumy ure , `-
<br /> � � I then due. •--
<br /> � ., i if the g'roperty is abundoned by Barrower.or if.After nuticu by Lender to Bormwer thut the candenmor offers to make ' r-�
<br /> � .. � an uwurd or seule a claim fnr dumages,Bc�rrower failti to retipand to Lender within 30 dnyr After the dute the nottce is given.
<br /> � I.ender js autharized to collcct and apply the prceeeds,ut its optlon,either ta mstomtion or repuir of Ihe Praperty or ta thc
<br /> � � sums secured by this Security Instrument,whcthcr or not then due. � � ��'�'
<br /> . I Unless i,cnder und Borrower othenvfu v�mc in writing, any npplication of procceds to principal +hull not extend or .. •,�s,
<br /> � patitpone the due date of the manthly puymeMs mferred to in paragruphti t vnd 2 or change the amaunt af such paymentti.
<br /> , l l. Borrower Not Released; Forbearance By l.cnder Not a Waiver. Extensian af thc tirnc for puyment ar Y"''-
<br /> madificudon af ttmorti�.atiaa of the sums secured by thic Securiry Instrument grnnted by Lender to uny sucressor in lnterest �"��y--
<br /> _ __________._ nf Bormwcr shQl!nnt operutc to reles.c the li�bilily of thc origin:s!Borrox�cr or Sortot:cr�:seeccc�sor.:in intcres:t.i.endcr �� -- _�_''`=°^` _
<br /> shall not he mqutrcd to rommence proccedin�s aguinst any succcssor in interext or mfutie ro extend time for payment or � , ' �Y�`=
<br /> othenvise modify umortir.ution af the sums secured by this Securiry Instrument by rea+on nf any demand rnade by the orfglnal ���
<br /> , Botrowcr or Borrower s successon in intereu. Any furbeurance by Lender in exercising uny right ar rcrnedy shull not be u • �• -
<br /> . ,. . waiver of or preclude the exercice of uny righ�or mmedy. � ' •
<br /> 12. Successors and Assigns Bound;Joint and Several I.labil(ty;Casigner�. Thc covenunts und abreements nf thi+ °
<br /> Security Instniment shull bind nnd benefit the successon and assigos of[.ender und Barrower, subject to the provisions of ' , „�`;}� �
<br /> . paragmph 17.Borrowerti covennnts und agreernents +hall be joint und sevcral.Any Bonawcr who co-signs thix Securiry � " ""--
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<br /> � Inst�ument but dcxs not execute the Note: (n1 i ti ca-signing this Security Inytrument only to martgage,grunt and convey that '. _ �+;,--
<br /> B�rrowert interext ln the Propcny under thc terrns of thiti Security In,trumenr, (b)is not perxonully obligutcd to pay the sums ,���; �_ _
<br /> �� �ecured by thi.r•Security Instrument:nnd(c>ngrecs that Lender and.•uiy othcr Borrower muy agrce to extend, modify,forbeur . +�, - �•,�
<br /> ar make any accommodution� with regurd tn the tcrms of this Scxurity Instrument or �he Notc without that Borrowerk � �'�•
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<br /> 13. Loan Chatj�es. lf the loan secumd by thi�Security Inti�rument is �ubject tn u luw which xets mnximum loan �
<br /> charges.and that!aw is finally interpreted.a thut the interest or other Ioun charges collected or to be caltected in connection • y �� 7
<br /> with the loun exceed the pertnitted limit�,then: (a)any such loun chargc shall be reduced by the umount neceswry to reduce :
<br /> the churge to the permitted limit;und(b)uny�urns ulready cullected fmm Borcawer which exceeded perrnitted limits will be ,;�
<br /> refunded to Borcower. Lender u�uy ctux�se tomake this refund hy roducing the principut owed under the Note or by making u '� ,�'
<br /> direct puyment to Barrower. If a refund reducc:s princip•rl,the reduciion will Ix treuted us u partiul prepayment without any %�'�►i
<br /> prepayment char�e under the Note. y�.'-j
<br />_ l4. Notices. Any notice to Bormwer pmvided fiir in thiti S�curity In�trument xhall be given by delivering it or by ;.�
<br /> mailing it by first class muil unle.rs applicublc luw rcquirex uxc of anothcr mnhcxi.The notire xhall be directed to the Aroperty „
<br /> Addrcss or any other sddre++Borrower detiigncuc.hy notice ta I.cndcr. Any noticc to Lender,hall he given by first cluss �'
<br /> �: mail to I.enderl uddretis.tuted hercin or uny MF�craddre�.Lenderdc�ignutes by noticc tu Borrowcr. Any noticc pr�vided for '
<br /> in this Sccurity instrument �hull bc dccmrd to have txrn given to Boao�vcr or Lender whrn givcn ati providcd in this �f1��-'?.
<br /> �f pnragraph. , -�,,•' a �-
<br /> 15. Governtng I.aw: tieverability. 'ltiiti Security ln.trumrnt+hall In �ovrrned by Federul luw ancl the law of the f ",,.�' ..
<br /> ! juri.diction in which the Property i�lixated. In the rvcnt thal any provi�ionor rlau.r c�f thi�Scrurity(n.trumem or the Notr � • � �
<br /> • eonflicts with appliruble law,wch cemflict.h�l l not ut'fect other prc►vi�ionti of thi.Srruriry In.trument ar the Nnte which can I , f,�'
<br /> bc givci�cffc�l uithoui th: .:ont7icting pru�i.i.►n. T.�th�.�us dk }xotii,ian, .�f tlu+S«urky i��+lru�ikt�t a:�d the Nutc we .=r'
<br /> . declared to be.cvcrablc. I • ,;
<br /> 16. Bnrrower's Capy. Borro�crr�hall l� givrn onc ronfornir�i copy of thr Nutr and of thi�Sccunty ln�trumcnt. .�.
<br /> 17. 7lransfer of the P�operty or a Beneficlel Interest in Borroa•er. If al!or any pan of the ProFxny or any intcrest in �-
<br /> it is,old or trantifemd(or if a t+eneticial irnere+t in Horruxrr i+.c�kl or tran.ferr�d und Borru«er i.nc�t a n;rturul per+cm► I �.
<br /> without Lender's prior written con+rnt,Lender rnay,at il.ci�tiun.r�yuirr immrdiatr p:�yment in full af all.ums�ecured hy
<br /> this S�curity Instrumcnt. However.thi�option .hall n�x tk rarrci�ed h�• LenJer i(r�rrri.e i�pr<ihihiteJ hy frderal la�v u�of ;
<br /> � the date of thia Sccurity In�t�umrnt. �
<br /> If I.endcr exerci.e,thiti option,Lender�hull�ivr Burro�+er nutire cif urrrlrration. Thr nutire�hall pruvide a Fxricxf of '
<br /> . not Iecs than 30 duy�fmm the dute the notirr is cllelivercd ur mailed��•ithin �tihich Rurzu��rr nm.t pa)all wm� ticcured by thi� !
<br /> . Sccurity Intitrument. If Borrower fail,t�� �,yy thc�e .um. prior tci thc rzpirutiun ut'thi, peri�xl. Lrnder may invokr any }
<br /> • mmedies pertnitted by thi�Security Imtrumrm wiihout tbrthcr noticr nr dr►nand im Burro��er. � �
<br /> , ' 18. Borrower's Rt�ht tu Reinstate. If Hurr����cr nmet�crrtain c�wJitium. Burroucr �hall h•r��c�hc riFht to have
<br /> . enTorcement of thi,Serurity In.trument Ji.rontinucJ at any�imr prinr tu th�c;trlirr uf: (a1 S da�.(ur+uch uther prriixl�ti ,
<br /> timgk F=am�l>••Fannie�f:�rFraddk�tacC\IFYI/211I\ti7NI VF.�t��t'wtunuCo.enam. 9�90 i��,�¢�•1„/np�t.��i
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