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<br /> condemnation ar othr,r tnking of any pun of tke Frapnny.or for conveynnce in lieu af candemnatton,nre hercby ussigaed und
<br /> �`�°`x�'�'"��y ry�� shall'bc paid to l�cnder.
<br /> — � In che cvent af a lotnl teki��g af ttie Property.thc proceeds 6haq be �pplicd to the �ums securcd by �hls Srcudry
<br /> lnstrument�whether nr nat then duc,with any excess pAtd�o Barrower. U►ths ovent of u partiul tuking uf the Praperty in
<br /> which the fa�r madcet valus of the Property immedlstely before the tnking is equa!to or grcater than tl�e umoam of the sums
<br /> secuced by th�v 5ecndty lnsuument immedtately bcfore the ealcing,unless Borrower and L.cnder otherwise ag[te in wridng.
<br /> the sums c,ecured by thts Sccuriry Instr�ment shall be reduced by the amount of the prooeed.9 muldplled by tha followin�
<br />- �---—�_ __� fractian: (a}the total amaunt of the sums sesured Immedlately before the taicing,cDivlded by(b)thc f�ir markct vnlue nf ths
<br /> property immedintcly bafoie the Wkin�. Any balance Rhall be paid to Bamower. In thc evRnt ot a�atttal tuking uf'ti� `
<br /> Prqperty in wMch the futr mndcet vnlue of the Property immediately befon the tciking is lass than the Amount of t h e uums _
<br /> secared immediately befurc the wking. unlesa Horrower und I.cnder atherwise ngee in wrEtU�g or unless applicable law
<br />- othanvisa provides.the proceeda shall be applied to tha sums secured by this Securiry Insnument w6ether or not tha sums aca
<br />-- then dua.
<br /> -=- - -= ff the Property Is abandoned by Borrower.or if,ufter nodce by Lender to Bocmwer tlwt the condemnor ofters to madce
<br />-- - - un award or ssttle n clairn for dnmag�.w.Bairower f�its w respond to Lender within 30 d:ays atter the date the notice is given. _
<br /> - _ — 1.ender is uutharjzcd to coUect end apply the proceeds.ut its option,cither ta mscorntion or repair of the Property or to the
<br /> �rr� sums secured by this Securlty Insuument.�vhethet or not then due.
<br /> Unless Lender and Ho�w�er otherwlse agnee in wviting.any applicadon of procoeds to principal shall not eatend or
<br />"�-�, postpone the due date of the monthly payments c�efermd to in paragrapt�s 1 nnd 2 or chanya the amount of such payments.
<br /> 11. BOifOWet' NOt 1ZR1CeSCd; FOTbfSI'aDCC By Leader Not a Waiver. Extension af the ume for payment or
<br /> modlftcution of amartization of the sums secu�ed by thia Securlty Iastmmeat �aetted by I.ender ta any saccessor in interest
<br /> of Borrower sh�ll noi opernte to c�elease the IiabiUty of the original Borrower or Sarrower's successors in interest.Lender
<br /> shali not i�e required W can�ntence prate.^.dings against ur.y successor ia lnterest or mfuse to extend time for payment or .
<br /> o�ice modify umortization of the sums secutrA by this Security Instrument by reason of any demund made by the original
<br /> Bo�n�zr or Bomower�successora in intesest. Any forbearanoa by Lender in exercisir�g uny r�ght or remedy ahall aot bo a
<br /> waiverof or pteclude the exercise of any rl�ht or remedy.
<br /> - 12. 3uecessors end Assigns Bo�end;Jofat end Several LlabUity;Co-signera The wvenants end agreementa af tl�s
<br /> Seciuity Instrum�nt shall bind und benefit the successors and assigns of Lender and Borrower.sabject to the provisions of
<br /> � '; para,�raptt 17. Borrower�covenants and ag�eements shsill be joint and sevesel. Any Botrower who casigns this Secudry
<br /> InstTUment but dces not execute the IJote: (u)Is co-slgning this Secudry Instrument onty to mortgage,grant end convey thut
<br /> Bomnwer's intemst in the Froperty under the terms of this Securlry Instrument; (b)ls not peraonally obllgated to puy the sums
<br /> secused by this Sacurity Instnunent;and(c)ugrees thut Lender and any other Borrower may agree to extend modify.forbenr -
<br /> , or make any accommodadons with re�ard to the tertns of this Security Instrument or tt�e Note withaut that Borrower's
<br /> + consenG
<br /> _ __ ___, _ _ 13. I.oan�harges. If the loan secured by this Securiry Instrument is subject to a!nw which seu ma�timum loan
<br /> chu�es,and that!uw is finally Interpreted so that the interest or other ioan charge�coliectcd or tu bc�x,ilix;ta�i i�cor�+ectton -
<br /> witb the loan exceed the pe►tnitted limits,then: (a)any such loan chruge shall be reduced by the amount necessary to reduce
<br /> � the charge to the pecmitted limit;end(b)any sums already coUccted from Barrower which exceeded permitted limits will be
<br /> _ refunded to Botrower. Lender may choose W make thls refund by reducingthe principal owed under the[Vote or by making a
<br /> . m nt without an
<br /> direct a ent to Bomower. If a refund reduces principal.the reduceion wi18 be treuted os a partial prepay e y
<br /> �,�,i:`��• prepaypin nt charge under the Nate.
<br />= '�::, 1+b. Notices. Any notioe to Borrower pmvided for in this Security Insqument shafl be given by delivering it or by --
<br />- } msWing it by tirst elass mail unless applicable law requires use of cinother metl�od.'I1►e notice shaA be directed to the Propnrty -
<br />- Address or any oiher address Borrower designates by nodce to Lende�. Any notice to I.ender shall be given by first class .__
<br />.� mail to Ix.nderk address stated heretn or any other addreag L.ender designates by notice to Borrower. Any nc�uce provtdod for ��_
<br /> in this Security Insmiment shall ba deemed t�have benn gtven to Botrower or l.ender when given os provided in this E---
<br /> paragaph. � ,tv
<br /> . I5: tioverning Law; Severability. 'ihis Security Instrument shall be govemed by federnl law and the law of the ,_,__
<br /> jurisdiation in which the Property Is located. In the event thaz any provision ar clause of this Security Insaument or the Note �":--
<br />- confllcts with stpplicable law.such confltct shall not uffect other provisions of ihis Securiry Instrument or the Note which can e''
<br /> � be given effect without the conflictin�provision. 'Ib this end the pmv[sions of this Security Insuument and the Note ar�e �,-_-
<br /> � derla�ed to be severable.
<br /> � j� 16. Bormwer's Copy. Borrower shall be given ono conformed copy of the Note and of this Securiry Instnunent. ��y.�
<br /> j;"� .,�, • !7. 'ik�nsfer of the PropPrRy or n Beneflciu!Interest in Borrower.If ull or any peR of thc Property or any interest in �-
<br /> - k:'�' -• it!s soid or t�ansfomed(or If u benefccial interest in Borrower is sold or transferned and�omower is not a naturnl person) _
<br /> --- ' �-'--
<br /> � wlthout L.enderk prior written consent.I.ender may.at ia option.require immediate payment in full of all sums secured by
<br /> -` - x� �q'`"� thia Seciuity Inswment. However.this optian shall noi be exereised by l..ender if exercise is prohibited by federal low us of __
<br /> �' "+� the date of this Security Instrument. `��
<br /> �`61�` I{lxndet exercises thta opdon,Lender shall give Bonower notice of acceleradon. 'll�e nodce shall provide u period of .-
<br /> ���� nut less than 30 days 4'rom the date the notice is delivered or meiled within which Borrower rnust pay ell sums secured by this '�"
<br /> '+ Securiry Inswment If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any �
<br /> remedies permiaed by this Security Instrument without further notice or demr�nd on Borrower.
<br /> 1$. Borrower's Right to Reinstate. If Borrower meets ce�uin condiSons, Borrower shall have the right to have
<br /> enforoement of this Security Instrument discontinued at any time prior to the earlicr of: (a)5 days(or such other period as •
<br /> `"" , Singtc Famtly--[Lnnte 117aeJFYeddie Mac UNlFOItM INSfRUMENT--Unifomi Covenants 9/90 (page 4 ojb pagrs� �
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