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<br />- . ,coridem�aatinn or other.bi.►cing of any Rart of t3se Prapb.,aty,or��canvej�anae iia lie�oYcondeamutian,are hesehy sssi�e8 azt0�� � •
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<br /> - - - �� �� dn the event of`u tou�l ta�g of the Roperty.the�Psoaeeds shaU be applied to the sums secure�!6y tl�is Se�is�ety
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<br /> , r o nnt then du� with nn exo�ss aid to Borro er. P 8. I��
<br /> Instramen whethe r �
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<br />'`� ` .� .<. ,which the fair ma�rtcet value of th�Feo rry imm�di�itely befaRe tite t�dag is equal to or er than the umdunt:of the sums . .
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<br /> . � . secured by;ttt�s Securiry Insmtment immediatety�iefare the taIcr�,ualess Bomnwet und Leader otii�ise age�,�writ�rig,' --- ---
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<br /> , ,,, .'=�:��,,.�„_,, the sums sc�uneA 6y this Secitriry tas+�umeat shall be reduced by tite usrtount of ttte_proceeds mytdplic�by the foliowing _
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<br /> � �..'= fracdon;:(o)t�total atnow►t of the sums'secuned unmediaieiy before the takin��divided bY�b)the fair maFket vefue of tt�e : . ----
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<br /> � " �"- • Propeqtq immedisiely befat�e tte�takutg. Any bai�sltal!_!�paid s4 Boiso�er..Ia the.eveni�f a patti��to..king of th� � � -
<br /> '�S � '�. Fropeity in which.tho fair market value o3F the Pcopercy unmedzatsly,before tiie ta�ing is less sha,n the ruiipiurit of tbe svms � _ _ ___
<br /> ••�=a.`��` .` ..�t.�``„`,• secuted itnmediately before 41te taking,tml�ss Borrower aad L.ender othetwise agce m writitig or unless applicabte taw . - ____-
<br /> "'�::�;.f'::•�� � 4ihetwise provides.ti�e p.rooeeds shall be applied to the sua�s secuied by tlris 5ecurity Insuument whether or aot the swns a� ---_-_
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<br /> '=�`•'�' � If the Property is abandoned by Bormwer,or if,aRer notice by Leader to Bormwer that th$wndemaar offers to make ____________ _ -
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<br /> .-.. „• ,,. '.,� _ an awatd or settte a cleim for�iamages,Bamower fa�1s to respond W Leader withia 30 days after the date the natice is glven, -__
<br />- �'�. • L�nder is authorized to collect and apply ehe proceads.at its option,either to restnration or�pair of the Ptoperty or to the -_------ _
<br /> `. . , "' `r ' ywms,secured by this Secnriry Inst�ument,whetheror not then dae. � �-.y� _ __
<br /> -�' � ,;:y;h.��i��%'"�: Unless L�der and Borrower otherwisa agcee in writing,ang'agpliqtion of pmoeeds to principal shall not extend or ---���-.�----�_.
<br /> �. s : f t,�;: postpone�e dtie date of the�thI9 Pa3'ments refe�ed to in para�pfts 1 and 2 or change th�amouns of such payments, . � _ -----
<br /> •��s�� � 11I. Zfu�e+uwer NoY Rcieased;,For6earance By �.e�der�d�a 6Vaiver. Extension of the 6me fos paytnent or
<br /> �'�,,,�f..<, � mnd��iun of aino�on of the sumc secared b}r this Security Instnrment g�anted try Lertdcr w any susxsssor in interesf -- --
<br /> - `.E;r�,���_;.' ... `°�` ; 'of Barrowei filtaU aut e�erdte to release the liability o€the original Borrower or Borrower�s sacaessots{n int�iesw i.ender --__=��=-.-_
<br />_ :�- ::-' sha[lnat•be c�quiteeaa�.to e�mmence pxoceedings b��,�►y s�iCCCSSOr in inte�est or�fuse w�tend�inie fA�`paymeni ar � "__-
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<br /> . : ., -�.::. otherwise�a�y a�u�on of the�s secured by t�is Se�cdty.Iestnmieni by reason of aay a��nd made 6y tlse ong�tral': ° : ` -
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<br /> ' , � <�F'. . Borrower 4a��no�'e��sors i�.i�',eeest Any f?r8earanoe 6p`Lender in exercising any d,�or zeme�y.shall aot.$e a.. :• . ,'��� —
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<br /> �• ;`:';,, �.-- =;. -- --: �� - -waiver-of-o�p�elud�thee�rs-�iseofany�ght-or-rertr�y>_...__..•._...__ . _...- �--�----- .._ _..---....--- - -- ----�- � --��--=--- +� �`: -
<br /> ;,; N�.; `' l� Suoo�ssors a►s�E�Tiga4 Bonad;doint uad S�vera!I.iability;Co-signers. T[ie covenants arcd a�rs�zits of dus ' . t�� __
<br /> ~� s.'°.:�'- ` ..' � Securi Insmiment sha[l.band anb henefit the success�is and of L.ender and�omnwer,su@'eet to ttifi v�siops'uf:.'� . ` %'z?`�;.' --
<br /> ',�j' �, . ` P�S�Ph 17.Bmmwer's covenants and agre,ements shall 6e J'o�,"mt and several. Any Borrower who co-signs t�h'u S� . ` ;' ���
<br /> ^ �� , � Instrument but does not execute the Note: (a)is oo-sigoing this S�e.uity lnsdvmeat only to mortgage,grant and convey t€�t:•' �� �'��`-
<br /> ���`' " '�' Barrovver's imenest in.the Pm under the terms of ttus.Securi 1nstnunen� (6)is not etsonall obG to .,�"`.:�-_�
<br /> - • - -- - PertY tY P Y S� PaY tt�e sums'• .
<br /> � � secured b this Securi Instrumen�and(c)a tha€Lender and an other Borrower ma to extend,modi fo�bear �'� '•''-��'�
<br /> or make any accommryodan'ons with cegard to�the ten�ss of tJ►is Security Inswment or lI1C�NOtB W1tI1AAirtLat Borrower�s �� � �':�1 ��� .
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<br /> _ .; ."_ . �:;.},.�;,�,� !� Loan C6ar$e�. If tt�e loan secuied isy ttus Securiry Instrument is subject to a ta�v.which sets maximum loan �-x• , :r
<br /> ;'"�;�r:.� charges,:a.�,thnt law�s finally interpreted so tha[the interest or other loan charges collected az:ta�e coltected in conneccion � �' '.�;
<br /> �• . . , �";�%`r,. with the Iams�xc�eed the pertnitted lim�,then: (a)any such loan c6arge shaU be reduced by t�amount necessary to reduce . •,• .�:;;sr '
<br /> '°' '° '' the ch e ixi�the ermitted limi�and(b)any sums�ain� coltec[ed from Horm«er which esceeded rmitted limits will be ;�;_'.��':;:f?f
<br /> ����. ... arg' P y Pe . ,,:..
<br /> � '•�. �' '�• • ,' ,. refunded to Born�wer l:t�der may choose to make th;�i�'und by ieducing the prfmcipal owed under the Note or 6y malsing a �`�;`;�4�;�;
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<br /> � =`'�k��;�'�� ''r-= � ditect payment to Basin�vrs If a refund reduces prir,r".pal.the reduction wIIi b:r ue;ued as a partial prepayment withont any s,,.,::� ��,
<br /> � -.',~s�,� -- --... _ eat c e undes she Note. � � . � `` �'' �•'.; '
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<br /> _ • • 14. NotEces. Any nopce to Borrower provlded for in'this�nriry instrument shall be given by delivering it or by
<br /> i � � � .- mailin it b Rist class mail unless Ucable law ne uires use o€•�m:�er method.The notice shall be dimcted to the Pro �:.' �� �`'�'
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<br /> �. ' ', ' Address or any other addr�ss Borrower dasignates by notice to'[:i�3er. My notice to Lender shall be given by first class �,t,, '-�•::°,.;�� _
<br /> � - . `;.,;:;;.� � �ail to Lender's addres�stated herein or any other a�fress Lendefdesignates by notice to Borrower. Any nodce pmvided for � �:,; , .,-�'� .�?
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<br /> ` � �this Security Instrument shall be deemed ta hase tieen giver�!o,BoROwer or Lender when given as provided in this �"•,;,,,r,.;�..:,.,�r y�
<br /> .: ` . ,paragr�s : ; , ,. .. ..�.;1.,;,� ��...
<br /> ; ' 1�..,�veraing Law;Severability. This Security lnstrri.�r�;L shali be govemed by fefer�...� law and the law of the '`y —
<br /> ;.•, �, , jurisdict�i�:e in which the Property is located. In the event tha4�;.�avision or clause of this���Instrument or the Note ! �• ';�v����,�°-.
<br /> .> •:'� ' conflicts with a ]icabie law.such conflict shall not affect othcr �:-c�nns nf this S�ecuri '�,�i:t,ni..,e:it or the Note which ean ... "z '
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<br /> • i•"� � •:���� � -�- ' be given eifect witheµr i�ie conflicting provision: 'Ib this end the prctii�inrss oi`rlsis Seci:ritv�nstrument and the Note are : �^ ,� �,,.' ' +�-:'-, �
<br /> -' :���,R.+i.. � declared to be severaBt�.� c " , ''� �•�":':' ''
<br /> �:!� `� � .� . 16. �rrower's Copy. Borrower shall be given one conform�y copy of the Iv"ote gnd bEr��s Security:r..�s�:nent ., � . � � ' : �s ._
<br /> '. : • 1T. Tie�anster of the Property or a Beneficial Inte�est in Sca�i�we� Tf all or any parr�Ei�is Property or;any intere�in :', , . .. .�.''�.;,:,.,---�-=�
<br /> � • • it is so1Q��r transferred(or�f a beneficial mterest�n Borrower�s s.�td or transfemed and Boaower is not�n�tuml persc��; � 4•;'` •' '°%:.='.:
<br /> � withoue Lender's priot v�ritten consent.L.ender may.at its option.require immediate payment in full of alf stir�,.s secuied by . ; ' . v: :`� ��:,`���
<br /> -.- • this Security instrument. Nowever,this op�ion shall not be exenised by Lender if exerc�se is prohibited by f�era!!aw as of '-!�: �� �'. • "'}'��",.' '
<br /> "�: : :: :, ' . � •• . the date of this Securiry InstrumenL • �• �'.'.
<br /> '•�: • ; . If Lender exec�ises this opGon,Lender shali give Borrower notice of acceleration. The naiice shall provide a perio��i'. ; �
<br /> �'� � ' � not less than 30 day5 from the date the notice is delivered or mailed within which Borrower must pay all sums secured by uC•s " ;
<br /> � . Security Insuumen� If Borrower fails ta pay these sums prior to the eapiratian of this pedod. Lender may invoke anyi �
<br /> • �- ��; :, . remedies permitted by.this Security lnstrument without further notice or demand on Bolrower. - � ' .
<br /> `'-;�;;4 ; �. 18. Borrower'.s L�ht to Refnstate. If Bornower meets cenain condivaets.Borrower shall have the right to have � : • �
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<br /> :�+�� ;-..:. • • enforcemen!of this Sa^.�riry[nswment discontinued at any time prior to the�,rt:er of: (a)5 days(ar such other period as , ,
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<br /> � �. . .},r:i � Singtc F�mily—Ftmnie Mael�rrerfdie Mac UNIFbRM INS7'RU5fEN7'•-lJnifom Cuvenants 9/90 IpaRr J njti p�cr�:xsb , ,
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