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<br /> condcmnation ar oth�r tnking of any Qart of thp F'roperty.ot forcanveytuuc in lieu of condcmnadan,aYc fts�rcby assigaed und
<br /> — ehull tsc paid to l.endcr. �
<br /> In tho event of n total taking of the Froperty,thc procecds aha!!be npplted to tho rums securtd by this Security
<br /> Inxuvment.whether or not then due.with any excesa pald to Horrower. In the event of�paeta] talcfig of the Piroperty in �
<br /> whlct�the f�ir market yalue of�ha Prnperty immedistely bcfore the wlsing is cquel to or grcatec thanthe amount of the aums
<br /> sesured by thls Secur[ty lnstncment immediately before thb tuting,unless Barrower and L.ender ottunvjse agtee It�tivridng,
<br /> - � -�_, --�—- litc cuma sccutcd by this Scsuriry I�sm�rr�enc shnll be roducecl by the umount of tho muldplied by tha,followIng
<br /> -, --_a-�
<br /> fraction: (a)the total amoum af the suma securcd immediately before the wking.divi ed by(b)the fair murket value af tho
<br /> Property immediauly before the taking. My balance shaU be paid to Barrower. In the event of a parttat taking of the
<br /> Ptoperty in which the feir mnrkee value of the Propecty immedia.tcly before the taking is lesa than the tunount of the sums
<br /> securec� immediately before the Wcing, unless Borrower and L.ender othenviso ogree in wridng or unless appllcubte law
<br /> ' ' otherwise provides,the procceds shall be applied to the euma secured by this Security Insaument whether ar nat the sums ure
<br /> _,. � then due.
<br /> �''.;;� If the Property is abandaned by Boaowes.or if.efter notke by f.ender to Borrower that the condemnnr offers to malce ___
<br /> �FC' an uward or seule a cl�im far de�mages.Hoirower fails to respond to Lender wtthin 30 days nfter the date the notice is given,
<br /> .`"'' l.ertder is authorized to coUect and upply the proceeda.at itsz aption.either w restoradon or repair of ihe Property or to the
<br /> ��l" sums secured by thLs Security Iastrurnen�whedier or nut then due_
<br />�/ Unless l.ender aad Borrower othenvisa agree In writing,uny application of proceeds to principal shaU nat extend or
<br /> postpone 1hc duc date of the monthly payments rcferred to in pamgraphs 1 and 2 or change the nmount af such paymea�ts. -
<br /> i 11. Borrower Not Released; Forbearence 8q Lender Not o WaQver. Extension of tlte time for payment or
<br /> modifictttion of amortization of the sums secured by this Seciuity Instaument granted by I.ender to any successor In inte�est
<br /> �.� of Bomower shnl!not operate to release the lisbility of the udgu�el Borrower or Borrowerk sacccssots in irtterest.CenQer
<br /> shall not bc required to commence proceedings ngainst any successor in interest or refusa to eatend time for payment or �
<br /> , otherwise modify a�no�tizadon of the sums secured by thia Security Instrument by reason of any demend made by the origirwl
<br /> '' ' � �-''� ' ' Bomower or Borrowerk successors in Intec�est. Any forb8arance by Lender in exereising any nght or remedy shall not be n
<br /> waiver of or preclude the exercise of any right or mmedy.
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<br /> I2. Saeces.5ors ead Assi$us�ound=Joint end Several Ltability;Caslgoees. The covenanta and a�rreements of thie
<br /> ��}��;�Y Securjty Inshument shall bind and benefit the successors and assigns of Lender and Bc►rr�aw�r,subJect to the provislans of
<br /> . � paragraph 17. Borrower's cflvenants and agreements shaU be joint and several.Any Bairower who co-signs tlus Securlty
<br /> . '�`��'��`"• 1 Instrument but dces not execute the Note: (a)is co-signing this Security Instrument only to mortgago,grant and canvey that ,
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<br /> �rs�;,�r,�,��,��•.�+����? Borrower�s interest in the Property under thc tarnu of this Security insuument; (b)!s not personaliy abT3gated co pay the sums
<br /> ..�.�..,,�•�:,�.. :•%.� ; I secured by this Securfty Instrument; and(c)a�rees thut Lenderend any other Borrower may agm,e toextend,modify.forbear
<br /> ' '� ��:��� �•i� `�� •`'-"` or make an accommodatlons with ce ard co the terms of this Securiry Instrument or the Note without that Borrawcr�
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<br /> �F��`''�"�-'"".�r .�' 13. Loan Charges. If the loan secured by this Securiry Instrument is subject to a law wtuch seta maximum ioan
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<br /> ,�,��*�, �,,� ,-: �., � charges.tu►d that!�w�a finally interpreted so that the inter�t a other loan chatges collected or to be collected in connecdon ,
<br /> , . . I with the loan exceed the permftted limits,then: (a)uny such loan charge shail be reduced by the amount necessary to reduce _
<br /> � ' the charge w the pem►itted lirttf�and(b)wuty sums already colleceed from Borrower�vhich exceeded permttted limits wIll be
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<br /> - ��.`:;:��, . . refunded to Borrower. Lencter�nay�hoosa to muke this retund by reducing the principal�owed under the Note or by making a __
<br /> � `�`' dtcect payrt►ent to Borrower. If a rcfund reduces principal,the reduction will be treated as a purtial prepayment withont any __
<br /> `� '' ' prepayment charge under the Note. _,_
<br /> '"�� '���'' *"• ' 14. Notices. Any notice to Borrowcr provided for in this Secudty Instrument shatl be given by delivering it or by _
<br />- ' `• ;, ' ' mailing it by first class maii unless applicabte luw requlres use of another method.The eotice shall be dirvcted to the 1�►�operty ��
<br /> � '• ,.'"•" t•:; Address or nny other address Borrower designates by notice w L.ender. Any notice to Lender shall be glven by fust class �
<br /> ���. . : .,,.... .
<br /> _ r_. .• � malt to Lender's address stnted herein or nny other address Lender designutes by notice to Borrower. Any notice pmvided for —__
<br /> " �+;:" � . _ ' tn this SecurIty Instrument sh�li be deemed to have been given to Borrower or Lender when �ivcn us pmvided in d�is
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<br />�� ;`,.;° ; � .�' I p g15 Governing Law; Severa611ity. This Security Inswmcnt shall be govemed by fedeml low und the law of the —"°'
<br /> judsdicdon in whlch the Property is locuted. In the event thaU any provlsion or clause of this Security Instcument or the Note �:
<br /> .�.,.._,.°, ., .. _.,.
<br /> ' conflicts with nppltcnble law.such conflict shall not uffect othcr provisIons of this Security Instrument or the Note which can ;;-
<br /> ' '� '�����;;1•5""' ' be ven effect w[thout the contliceing provision. 'Ib this end the provisions of this Security Instrument and the Note nre 'i�..':.
<br /> ' ', ' ,:`.`y''"����° de�lared to be severable. ��;,
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<br /> ' d 16. Botrower's Copy. Sorrvwer shnll be given one conforrned copy of the Note und of this Securtty Instrument.
<br /> ' '.�s;�, ''' ° 17. 1lransfer aiihe Property or a Benet�ciaf Interes! in Svrrower. If nll or uny p3rt of the Property or any Interest in
<br /> ;.�• � ,; 'o,• It is sold or transferred (or if u beneficial interest in Borrower is sotd or Uansfemed and Borrower ts not n nutural person)
<br /> ,,,.�ti ^�;.�' without Lender`s prior written consent.Lender muy.at its aption,require immediute payment in full of all sums secumd by
<br />;,, • this Security Instrument. However. this optIon shalt not be eaercised by Lender if exercise is prohibited by federal law as of
<br /> '��`:''F., the date of this Securlry Insqvment.
<br /> � If Lender exereises this oprion.I.ender shall�ive Borrnwer notice of aeceleration. 'Che notice shal!provide a period of
<br /> I �' �' Yi�� " not less thun 30 days from the date the notice is delivered or mailed within which Borrower must pcsy all sums secured by this
<br />�1 ' ., Securiry Insuument. If Horrower fuils to pay these sums prior to the expimdon of this period. Lender may invnke any
<br /> _t nemedies pecmiued by this Secudry Instrument without furiher notice or demand on Boiro�ver.
<br /> " r' 18. Borrower's Rtght to Reinstate. If Borrower meets certain conditIons. Borrower shal!have the right to have
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<br /> �. enfurcement of this Security Instcurnent discontinued at�ny time prior to the earlier of: (e)5 days(or such other period as
<br /> '� ,;., � Single Family--Funnte MadFleddte Mac UNIFORM INS7'RUML�NT--Unifortn Cove�wnta 9/90 Ipage 4 of b paRtrl
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