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<br /> ..�,�.� . � 94.. i(��9►93
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<br /> -?��� • condemnutlon or mher tnking of uny pa�t of tke Pmperty.or foT conveyance in lteu of�ondemnution�uro hcrcby assigaed nnd
<br /> -a_�_:;.�, .'�,�„��,�j�� shnit ba pAid tn Lender.
<br /> .—=_�_;_�� In the event of n toisl taking af the Property,the proceeda shaU be applied to the�uma�ecured by this Secutity
<br /> ''°E f� Ir�atrument, whetl�er or not then due,wtth any excesa paid to Borrower. In the event oi a par4ial taking af tho Pru rty in
<br /> -YK��t',?�i�:'r,,.� .
<br /> ___�_,.;.� which the fuir mtuket value of the Pmperty immcdiately before the tnking is equul to or gceuter thN�the a�nount af t o aums
<br /> ----�:��,.,r��;::-- secured by this Securtty Inssrument immediately before�he taking,unloss Bormwer and Lender otherwisc agree!n writing.
<br /> ''=•=•--'' � the gums cecured by this Secedty [nswment shell be reduced by the amount of the ptoceeda multipiied by th�following —
<br /> -:��- i_=,.i,r.�,::,'.n r ----
<br /> �a°,'s`�.
<br /> ,��,_..,;� ftacdon: (a)the tota!amount of the sums secuned immediatety before the teking,divided by tb)1Ne fair mcutcet vulue o ttae
<br /> r . r '.°��� �• .:
<br /> _� . �rope�qr i.�x�,mPtliately before the taking. Any butance eha{I be puid to Borrower. In the event of u partioi taking of Qre
<br /> :.,; �;: �� ,. ��, Pmpen�y i¢n whie�tCn�fair market value of the Property immediatety bafore the wking ia less thnn the amount oP the sums
<br /> �.+�..rL-:• + ..,.`� secw�d i�s,ned'aa�tel�► b¢fore the taking,unless Borrower erd Lender otherwise ugree in wdtfng or unless appficable law ---
<br /> . oshennris��zov�d¢s,a6te proceeds shall ba applted to the sums secured by thie Security Instrum�nt whether or not tho sums nm+
<br /> . . then�IIu�e. �=-
<br /> � Hff tke Property is abandoned by Borrower,or lf,atter notice by Lender to Botrower that tho condemnor offers w make �—_
<br /> an award or seule a claim for damages,Bonower fuils to respond to I.ender wtthin 30 deys after the date the nottce is given,
<br /> � Lender is authorized to collect and apply the�r�eeeds,at its option,eIther to restoration a repuir of the Property or to thcs -_
<br /> sums securedby thi�Secudty Insuument,whetQeer or not then due. __ _
<br /> � . Unless Le�der and Borrower othenvlse agree in writins,any applicatton of proceeds co pdncipal shull not extend or __
<br /> , ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. _
<br /> � " 11. Borrovrer Not Released; Forbearanoe By Lender Not a Waiver. Extension of the time for payme�nt or -
<br /> ° � Q modificadon of amortization of the sums secured by this Securiry Instrument granted by Lender to any successor in interest --
<br /> . ` • - of Borrower sh:nU uut operate to release the liability of the origina!Borrower or B�rro�ver�s successoss in interest.L.emder __�_
<br /> - � ��� • shalt not bE re.c�uimcl to commence pc�oceeding�against any successor in interest or refinse to extend time for paymen4 or �;r__.
<br /> ;� . ,,�.�� ' otherwise modify amurtiaarion of the sums secured by this Security Inswment by reason of any demand made by the original E.__-
<br /> �?�b�'?�" Boaower or Bornower's successars on interest. Any forbearnnce 6y Lender in exemising any right or remedy shall not Ibe a •
<br /> �'�"`���F waive s nt�r p�clude the exercise of nny right or remedy. '.
<br /> ,' � r�;:j:l�kt .� ,..
<br /> • K�'���•"'' ll2. �aaessors ancR Assigns�3m�nal;Joint and Severa7 H.ia�bi{ity;Casigners. The c�venants and agreements o9'Y3ni�s ��.�:
<br /> :,. . "�frs;t;i;}' — -_
<br /> �;��� .
<br /> Secucnty Iansuum�ene �hal! biad and bene5it the sucressors and assigns of Lender and Borro��er,subject em tfi��ptovis�oris of .;tir
<br /> h 17.Borr�wer's covenants tutd a eimencs shall be 'oint and several. An Bomawer whm co-sigos t➢iis Security '�.;t,.
<br /> tf: • ;r.;`'•. -.�• P��P 8m J Y ;
<br /> _ ,-�:.,�,;;�,;>:,`:f��:,t Inspurnent but das noi execute the Note: (a)is co-signing this Security Inssn�rnent�nly IIo mmrtguge,grunt and convey thai
<br /> •; f,,. BorroW�ec's interest im the Pro}zerty under the terms of this Security Instrument; (b)is not gerxonaUy abligaaed to pay the sums ','+;�;
<br /> � ,:;;;,�;;:�: secur�d 7�y this Sec�uriry Instrument:an�(c)agrees ehat l.ender and any othe�Borrower ma}i�eree ta eatend,madify,for�ear -__
<br /> � ' or m�l�ce auey accommo:@ations with mgazd t�che tertns of this Security inserument or the Note witttout that �orrawee's ^
<br /> ' consemt.
<br /> e loan securea b (IIIS JCCUTI[ lDSITUR1CRl W �LLIIJCVI IV d�iiii% N�tiiCii �2i'n.:.Bwlt::wu iv.ai. �,�``
<br /> n3. Q.oan a'h�Pges. tt th �r Y
<br /> � charges,and�hat law is finully interpreted so that the interest or other loan charges collected or to be collected in connection
<br /> with the losmexceed the permitted limits,then: (a)any such lonn charge shall be reduced by the amount necessary to reduce
<br /> .. the charge to the permitted limit;and(b)any sums alceady collected from Borrower which exceeded permitted limits will be
<br /> refunded to Borrower. Lender may choose to muke this refund by reducing the principal owed under the Note or by making a
<br /> direct payment to Borrower. If a refund mduces principal,the reduction witl be treated as a partia!pmpayment without any
<br /> , prepayment charge under the Note.
<br /> 14. Notiees, Any notice to Borrower provided for in this Security Instrument xhall be given by delivering it or by
<br /> mailing it by first clsi.�s muil unless upplicuMle 1•rw myuirc,use of unother methoci.The notice xhull be directed to the Property
<br /> Address or any other nddrexs Bonower designute�by nutice to Lender. Any notice to Lender shall be given by fir�t dass
<br /> � mail ta Lender's addretis stuted hercin ar uny other uddrcss I.cndcr dexignuteti by notice to Borrower. Any notice provided for
<br /> � in this Security Instrument +hnll bc deemed to huvc bcen givcn to Borrower or Lender when given as provided in this
<br /> ,. paragraph.
<br /> 15. Governing Law: Severabillty. Thi. Security Inctrument shall be govemed by federal low nnd the law of the
<br /> jurisd%ction in which the Property is located. In tlie event thut any provision or clause of this Security Insuument or the Note
<br /> conflicGs with applicable law,such canflict shall not affect other provisions of this Security Instrument or the Note which can
<br /> be given effxt without the ronflicting provision. To this end the provisions of this Security Instrument and the Note are
<br /> declared to 6e severable.
<br /> 16. Borrower's Copy. Borrower�hall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. 7finsfer of the Property or a Be�eficial Interest in Borrower. If all or su�y pan of the Property or any interest in
<br /> � it is sold or tran+ferred(or if a beneficial interest in Borrower is sold or tran�ferred and Borrower is not a natural person)
<br /> without Lender ti prior written coment,Lender may,at its option,require immediate payment in full of al]sums secured by
<br /> � '�' � . this Security Irtmtrument. However,this option shall ncx be exercised by Lender if exercise is pruhibited by federal law as of
<br /> the date of this Security Instrument.
<br /> • If Lender exercise,this option.Lender shall givr Borroa•er notice of acceleration. The notice shall provide a period of
<br /> • not less than 30 days from thc date the notice is delivered or mailed within which Borrower must pay all sums secured by this
<br /> ' Securiry In�rument. If Borrower fails to pay these sums prior to the expiraiion of this period, Lender may invoke any
<br /> ' remedies permi[ted by thi.Security Inswment without further notice or demund on Borrower.
<br /> 18. Borre>wer's Right to Reinstate. If B<�rmwer meets cenain conditi�mx. Borrower shall have the right to have
<br /> enforcem�nt of thix Security Instrument di,rontinued at any timr prior to thr earlirr of: (�I S days(or such other period as
<br /> timglc F�mily•-Fennie Nac/Frcddk ttac I\IF�)R�t 1\tiTRI'11F.VT••l�m(ami Covcnam. 9i90 /puge J n/6pagrs�
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