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<br /> -,.�„�;�,,����� c�nAemn�tlon or olhcr takEng of nny part of the Praperty,ar for convcynncc in Iicu of condemnatIon.ni�c hcreby assign�ed and
<br /> ehalt bc puid to Ltndcr.
<br /> (n tho cvent of a total taking af�he�'raperty. thc proccmds �6u11 bo uppiied to tha xume secured by this Sccurity
<br /> lnauunKnt,whcther or nat thcn due,wtth any exccss paid to Harrawcr. Gi thc event at li partlal taking of the Property in
<br /> which th�fair mwket vuluo�f the Praperty i�nnxdiatQly befare the talcing iR equal to or grenur than thc�unount of tho sums
<br /> seeurcd by thle Secudty Instrumcnt immrdfatcly bcforc the tuking.unless 8orrower and Lender othenytse agtee in writfng,
<br /> the euma secured by thfs Sscur[ty Inatcument ahall be redutcd by thc amount of the pmce�ds multiplied by thc following
<br /> �-----_—_--------� fr�ctlon: (o)thc total amaunt of tho sums sesund immMlntsly bcforc thc tal:fng,divlded t+y(b)the fair mA�ct vaiue of thc �
<br /> Praperty immedi�tely befo�e tho taktng. Any balnnco shall be paid ta Horrower. In the cvcnt of u partial taking of tho
<br /> ' Property in which tha fo�r morket vafue of thc Property immediutely before the tukfns is lesa thun tho nmount of the sums
<br /> secured intmedlnuly before the wking,unless Borrower ond lxnder othenvise agree in wdting or unless npplicabie Iaw
<br /> otherwtse provides,tt�e proceeds shall be applied to the sume secured by this Secudty Inauument whether or not the sums are
<br />- then due.
<br /> - � If the Property is abarrdoned by Bomower,or if.nRcr nodcc by l.snder to Horrower that the condemnor offere to m�tl�e
<br /> - � an awatd or seulo a clatm for damages,Banower falls to�+espand to Londer wfthin 30 days uMr thc date tha notice is givcn, ---
<br /> Lender Is suthoriud w collect and apPly the proceeds,at Iw opdun,elther to restomtion or rep�ir of the Property or w the
<br /> ' sums secureci by thIs Secudry Instrument,whe�her or not then due. —
<br /> !� Un1esA I.ender nnd Borrower othenvise agree in writing, uny appltcadan of procceds to principei shall not extend or
<br /> postpone the duo date of the monthly payments referred ta in parngraphs 1 and 2 or change the nmount of such payments.
<br /> ll. Borrowec Not Released; Forbearstnce By I.eader Not e Waiver. Extcnsion of thc dme Por payment or
<br /> moditication of amortlzation af the sums sectued by this Securtry Instrument gattted by Lender to any successor in inurest
<br />= of Borrower shell not operate to releuse che linbility of the originul Borrower or Borrower�successors in interest.I.ender
<br /> ehall not berequ�red to commence proceedings againat tiny auccessor in interest or refuse to extend time for payment or �
<br /> otherwlse modlfy amortization of the sums secured by this Securiry Instrument by reason of any demend made by the original
<br /> ,. Horrower or Horrowerb successors in interest. Any forbearactce by Lender in exeretsiag any right or remedy shaU rtot be a
<br /> waiver of or preclude the exerclse of any dght or remedy.
<br /> li Suaessars aad Asslgns Bound;Joint and 3everal Liabil(ty;Co-slgrtera 'IUe covenants and agreements of thia
<br /> SecurIry Instrument shall bind and benefit the successors und assigns of Lender And Bomower.subject to the provisiona of
<br />= para�raph 17.Borroweris covenants and agr�ements shall be joint and several.Any Bomower who co-signs this Securlty
<br /> - Insaument but does not execute the Note: (a)is casigning this Security Instrument only to mortgage,grant nnd convey that
<br /> Horrowcr's Interest in the Property under the terms of this Security Insuument: (b)is not personally obligated to pay the sums
<br /> sesured by this Security Instrumenr,and(c)ugrees that Lender and nny other Borrower may agree to extend,modify.forbear
<br /> or make any accommodatIons with regnrd to the terms of thjs Securlty Tnsttument or tho Note wlthout that Bomnwer�s
<br /> consenG
<br /> ,-, ___ _ . 13. Loan Charges. If the loan secured by this SecurIty instrument is subJect to a law which sec4 mauimum laan
<br /> char�es,and that law is tinally interpreted so that the interest ar other loan chazges collected or to be collected in connection
<br /> w[th the loan exceed the pemdtted limits,then: (a)uny such loan charge shall be reduced by the amount necesseuy to reduce
<br /> the charge to the permttted limit;suid(b)any sums already cotlected from Borrower which exceeded permitted limits wiU be
<br /> su
<br /> refunded to Borrower. Lender may choose to make thjs refund by reducing the principa!owed under the Note or b makin a
<br /> Y �
<br /> - „�,;,o dit�ect payment to Botrower. If a refund��educes p�Incipal,the reduction will bc treated us a partial prepapment without any
<br /> x� ..u4i prepayment charge under the Note.
<br /> 14, Notices. Any not[ce to Borrower provided for in this Secur�ty Inswment shall be given by delivering it or by
<br /> mailing it by fust class mail unless appltcabie law requires use of another method.The notice shall be dfrected ta the Pcoperty _
<br /> �� Address or eny other address Borrower desi�,mates by notice to Lender. Any notice to Lender shall be given by first class
<br /> mail to Lender�address stated herein or nny other uddress Lender deaisnates by not(ce to Borrower. Any nodce provided for ,�;.�,_
<br /> �' in this Security Insuument shnll be deemed to have been given to Borrower or L.ender when glven as provtded in this =--
<br /> .-, ��ph, _
<br /> IS. Governing Law;Severabllity. This Securlry Instrumant sh�ll be govemed by federal !aw and the law of the —_
<br /> judsdicdon in which the Property is locuted. In the event that a»y provision or clause of this Securlry[nswment or the Note �-.
<br /> conflicta wtth upplicable luw,such contlict shall not nffect other provisions of this Secuciry Instrument or the Note whtch can �,�°
<br /> be given effect without the confl3cting provisian. Tb this end the provisions of this Securiry Instsument and the Note are �.,
<br /> - declared to be severuble.
<br /> + �A�,,, 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note:ind of this Securlty Instrument. -�__
<br /> ' ,r s:'z•"'' 17. 'Ihansfer ot the Pm rt or a Beneflcial Interest in Sorrower. If all or An art of thc Pro or:u► �nterest in "�'•
<br /> ,tE : .i Pe Y Y P PertY Y� �?..
<br /> •=t�u:�;a� it ls sold or transferred(or if u beneftciul jnterest in Borrower is sold or transfemed and Borrower is not u naturnl person) �-;v`
<br /> � ���:�� withuut I.�nder's dor wrltten consent.Lender mu at Its o uon,r uire immedinte a ent in f'ull of all sums secnred b �� �=
<br /> 'ara �.: . P Y� p� e4 P YR► Y a�.:-:-
<br /> � „�,�„�; this Security Instrument. However.this option shall not be exercised by L.ender if exercise is prohibited by federal law as of .�
<br /> s, �..�•» the date of this Securlty Insuument.
<br /> ,���'� . � If Lender exercises this option,Lender shall�ive Borrower notice of arcelemtion. The notice shall pmvide a period of ''�"�
<br /> '��'r , not less than 30 duys from the date the notice iu delivered or mailed wtthin which Borrower must pay ull sums secuc�ed by this �
<br /> �:r� . Securlry Instrument. If Bocrower fails to pay thase sums prior to the expiration of this period, Lender may invoke nny �
<br /> � � �,}= remedles petmitted by thts Securiry Instrument withoat furtfier notice or demnnd on Borrower. •
<br /> �F�� .:��• 18. Borrower's Rt�ht to Reinstete. If Borrower meets certuin conditions, Borrower shall have the r�ght tu have
<br /> "x',w enforcement of th(s Securiry Inswment discontinued ut any time prior to the earlier of: (u)S days (or such other periad as
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<br /> Singlc Family--Fannic MaelFYeddie Mac UNIFORM INSTRUMENT--Uniform Covenanb 9l90 IpaRe a ojb pugesl ..
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