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<br /> � �----�.�.� cumtc�iu2utlon ur u!iicx t:2king aP any��rt of�he�aucrty,ar for c:�nveyr.riee in licu nf cajiefemnatim�.nre hercby nsslgnecl nnci __
<br /> hhnll be puid to I.ender.
<br /> (n tha event of a total taY.ing of tht Property.tt�e proceeds sh�il 6o appUed to tho sme�s secund by Qiis St'+curity
<br /> Tnsuument.wheihcr or��ot then due. wIth any exc�ss pud to Iiamower. In tho cvent oP u�artia!taking of thc�ropetty in
<br /> whish tho fair m�rket vutuo of the I�pecty immediatcly be+Fore the taking is equal to or greuter than the atnnunt of the sums
<br /> secured by thls Se�cudry Inatn�ment immediAtely before tho uking,unlesa Borrower end I.ender othecwlse agree in wrSting,
<br /> thc sums r,ccum.�1 by thfa Securlty Instrument�shall bo reduced by the umaunt af the praeeds multiplied by the following
<br /> '� �' fraetion: (�)tha total amount of tha suma serured 3mmodiatcfy befure tf�n�aking.dtvided by(b3 tbc:iutr mrrkct value of the �
<br /> Propeny immediately before!he taking. My balAmx ahull bc paid to Horrower. In the evcnt of a partial teking of thc
<br /> Pis�perty in which the fatr marlcet vulue of tlto Property immediately before the t�'cing is less than the amount of the sums
<br /> secured immedistely beforo the taking,unlcss Borrowet tind I.ender otherwise agra tn writing ar unless nppltcable law
<br /> othenvt�e�rovides,the proceeds shull be npplied W thc Rums secured by this Secudty InstrumenY whether or not the sums ure
<br /> _ thcn dne.
<br /> If the Property is u6andoned by Bom�wer.or lf,after rrotice by L,ender to Boirowor that the condemnor offers to make
<br /> �� an uwaM or settlo u cla[m for dumages,Borrower fnits to respond w[.ender within 30 dnys ufter the date tlie notIce is given.
<br /> l,ender!s autharized to collect nnd apply the proceeds.at its option,either to iestoratlon or repair of ihe PropeRy or to the
<br /> Fums secund by this Securlty Insuument,whethet or not then due.
<br /> , Unless Lender end Boaower atherwise agme in writing.eny appUcution of pmcceds to pdncipal shall not eattnd or
<br /> postpone the due dute of the monthly payments ccfetm.�l to in parugraphs 1 wtd 2 or change the nmount of such payments.
<br /> � Il. Borrr+wer Not Reks.4ed; Forbearana By Lender Not a Waiver. Extension of the time for payment or
<br /> modiftcndon of amorti�udon of the sums secured by this Secur�ry�rtsdument g�unted by I.ender to any successor In interest
<br />= _ - of i3orrower ahall not operate t�relcase the liabiltty of the original Bwrower or Barrawer's sucxessois in interest.I.ender _
<br /> shall not be requued to commence proceedin�s agaInst any successor in interess or neefuse to extend time f�ir payment or
<br /> othenvtse modify amartjzudon of the sums secured by ihts Securiry Inswment by reason of any demand made by the orlginal
<br /> Borrower or Borrower's successors in interes� Any forbearance by Lender in exercising any right or remedy shall not be a
<br />_ waiver of or preclude the exercise of any rigk�t or remedy.
<br /> 12. Successors a�td Assigns Bound;Joint and Severa�Llability;Co-slgnera Tho covenants and agceements of this
<br /> Security Insuument shali bind and benefit the successors and�.SSigns of 1.ender and Borrower.subjert to the pmvis[ons of
<br /> paragraph 17. Borrower�s covenants and agreements shall be jotnt and reveral. Any Borrower who co-signs thts Security
<br /> Inswment but does noi execute the Note: (u)is casigning this Securiry Instrument only to mortgage,�raztt and convey that
<br /> Horrower!s interest in the Property under the terms of this Security Insuumcr�t; (b)is not personally oblisated to pay the sums _...
<br /> secuied by this Seciuity InstrumenG and(c)agrees that Lender and any other Botrower may agree to extend,modify.forbesit
<br /> or make any accommodntions with regazd to the terms of thIs Security Insaument or ihe Note without thut Bomowert
<br />•� �� conscn�
<br /> - ° I3. L�Ctt�rg�s. �2Ii8 I68ii SCCiiICtZ Sly 2�iio Sccuri� instsument is su4�ject ta a !eW w�'sch s�ts maxim»m I�an ==--
<br /> churges,und that Inw Is fin�lly interpreted so that the interest or other loan charges collected or to be collected in connection
<br /> wlth the loan exceed the permitted limits,then: (a)am�such loan charge shrili be reduced by the amount necessary to rednce
<br /> '�` the charge to the petmitted timit;and(b)any sums alre�dy collected fram Borrower which exceeded permitteal limits will be .
<br /> . 't�funded to Barrower. A..ender may choose to matce this refund by reducin�the principul owed under the Notc or by making a _�
<br /> "'direct payment to Borrower. If a refund reduces principal.the reduction will be treated as o partisl prepayment without uny _
<br /> prepayment charge under the Notc. —
<br /> 14. Notiees. Any nodce to Bocrower provided for in chls Security Instrument shall be g[ven by delivering it or by
<br /> maillng it by first class muil unless upplicable inw requires use of another method.'Ilie notice shall be dir+ected to the Property
<br /> Address or any other address Borrower designates by norice to Lender. Any notIce to Lender shall be given by first cfass _�
<br />- mBil to L,ender�s address stated herein or any other addness Lender designates by nottce to Borrower. My notice prov[dad for --
<br />_'� Li this Security Instrument shall be deemed to hc►v� been given to Borrower or I.ender when given as provided in this
<br /> P�B�Ph• �"_
<br /> y IS. Govtrning Law;Severabiltty. This Seciuity Instrument shall be gavemed by federul !nw and the law of the ---
<br /> jurisdIctlon in which the f*coperty is locuted. In the event that any provjsion or cluuse of this Secur�ty lnswment or the Note R��
<br /> -- wnflicts with applIcable law,such conNct shall noi al'fect other provis{ons of this Security Insaument ar the Note which can �;:;.:
<br /> be g(ven effect without the conflieting provision. 7b this end the provisions of this Securiry Inswment ond the Note are �'�:.
<br /> declared to be severable. �"'`<'
<br />'"'- 16. gorrower's Copy. Horrower shall be given one conformed rnpy of the Note and of this Security fnstrument. ''�'
<br />` ,..��; 17. 'Thunsfer o!thf�roperty or a Beneficittl Intereat In Borrower. If all ar any part of the Property or any interest in ,�.�6:
<br /> it is sold or transfemed(or if u banefidal tntemst in Borrower is sold or uansferred and Borrower is not n natural person) j����
<br />-- without I..ender's priur wduen consent,Lender muy.at its option,require irnmedintc payment in futl of all sums secured by `',�
<br /> = i �i"� thls Securiry InstrumenL However,shis option shall not be exercised by Lender if exercise is prohibtted by federnl law as of . _
<br /> �, the date of this Security Instrument
<br /> , �I'�� If Lender exe�ises this uption.Lender shaU�ive Borrower notice of accelemtion. 'Itie natice shall provlde a period of
<br /> .� • not less than 30 days fmm the date the notice is delivered or mailed withtn which Bomower must pay all sums secured by thic ��
<br /> Secudty Instrument. If 8omower f�ils to pay these sums prior to the expiration of this periad. Lender may invoke any ;�`�
<br /> • remedIes permiued by this Security Instcument wIthout further noace or demand on Boirower.
<br /> 18. Y�orrower's Right to Rettistate. if Barrower meets certnin wndItions, Borrotver shall have the right to huve `
<br /> t's'!� enforcement of this Securiry Instn►ment discantinued at any time prior to the eartier of: (a)5 days(or such other period as �, ' ;
<br /> .+, �� Single Rvnily-Famik MadFlrtddk Mxc IINIFORM INSTRUMENT•-Unifmm Covenmt� 9/90 (paRe 4 ojb paRes) �.,�
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