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<br /> ._ .____—___�v_� conctemnation or alher caicfn�af any pa�t of tha Propncty,or for co»veyanca in lieu of eondecnnatlan are �en�a'�asigneci and
<br /> shall bo�ald ta L.cnder.
<br /> !n the event of a total taking of tho Property�the proceeds shall be applietl to tlie sumy isecured by thi.s Security
<br /> Instrwnent,whether or not¢hen duo.with any excesa p�id ta Bormwar. Ii�tt�e event Qf a partiai.j�lcing of tho Property in
<br /> whlch�he fair market value of th�Property immediately beforo the taking is equul ta or grcater than the aet►aunt of thn Rum�
<br /> secun0 by this Secudty Insuunxnt imme�irtely..befo�the txking,unleas Darrower ettd l.cnder otherwi�e aQroo in writfnQ, .
<br /> the�ums secured by this Secudry Instrument ehatl bo reducal by the amount of the proceeds maltiptied by the fnllowieg
<br /> --------� fnu:tiaw la)�i►e totel w-nount af iiw sun�s sccurcd Ii�mtediat^.ly lsafozc tFe tahing,divItled by(h)ihr.iHir mRrk�t val��a of Ihe �__-
<br /> PtoQerty immedlately before tha taking. Any bAleme ahill bo paid ro Borrc�war. In the ovent oP a piuti�l t�lcing of the
<br /> Propec�� in whicfi thc fair mwicet velun of the Praperty immedtatoly bcfon the taktng ia less than th�e umaunt of tho Rums
<br /> secu�ed i�mmediatcly befone thc tak[ng, unloss Borrowcr and Lender otheiwise agree in writtng ur unless applicable law
<br /> oiherwise provtdes.the proceeds»hall be applied to the sums secund by ihis Security lnstrument whether o=nat the suma nm
<br /> then due_
<br /> II tlu Proparty is abandoned by Boirower.ox if,after nodce by Lender to Borrower that the condemnor offcrs to make
<br /> — an awar�or settle a claim for damagey,Burmwer fatls w respand to Lcndct within 30 days nfter the dsse the nodce is given.
<br /> Lendu is authorized ta collect and apply the proceeds.ut ita optlon,either to resWratIon or repair of the Prupeity or to the
<br />�- sums secund by this Security Instruraen�,whether or not then due.
<br /> Unless Lender and Buaower otherwlse agree in writing,any appHcadan of p�s to principal shuU not extend or
<br /> _ postpone the due date of the monthly payments referreci to in parAp�upha l and 2 or change the amouni of such paymenta.
<br /> - -- — 11. Borrower Nat Released; Forbearnncc By Lender Not e Wetver. Extension of the time for puyment or
<br />- modification of a�nortizndon af the sums secw+ed by this Secudry Inadument granted by L.ender to any successor in�nurest
<br /> s�-_�`-sm'•-`-�,.� of Barower shall not operate to celease tlte Usbiltty of the original Bomnwer or Borrower`s successors in interes�I.ender
<br /> -`�"=�� � shal2 not be quired to commence proceedings agcitast any euccessor In interest or c�efuse to extend dme for payment or
<br /> �:;�i� a
<br />:;:�.re*,�'v s:'
<br /> =,�;�y;: — othetwise m dffy amortizatlon of the sums secured by tMa Securlty Inatrument by reason of any demand made by the original
<br /> -,
<br /> '�?i. Borrowez or Homawer�s successors in interes� Any forbearance by Lender in exercjsing any dght or remedy shall not be a
<br /> . ''t;�;t�
<br /> t��;„;��,..e►,:,�,�� waiver mf or preclu:le the exercise of eny dght or reme8y.
<br /> °�—I j�';�i 12. Succes.sore and Assigns Bound;Joint end Several LlabQttyi Co-slgnere. 7tie cauenants and a�reements af this
<br /> SecuHry Instrument shall bind and i�Enefit the successAre and assigns of I.ender and Borrowet,subject to the provisians of
<br /> paragraph 17.Borrower�covenants and agreements shall be joint and several.Any Bor�ower who co-sIgau thts Sectir�ty
<br /> Instrwnent but dces not execute the Note: (a)is co-signing this Securlty Inauument only to mortgage.grant und wnv�y that
<br /> Borrowerk interest In tha Ptopetty undar the terms of this Security Insuw�ient; (b)is not personally obligated to pay�he'sums
<br /> securcd by this Secudty Instrument;and(c)agrees�hat Lender and ariy other�3orrnwer may ag�ee w eatciid,modify,faibear
<br /> or make any accom�rtodations wlth ragard to the terms of this Securlty lnsbument or the Nate witbaut ttlat Borrower�
<br />� consen�. '
<br />' _ ., , , 13. Lszsc C ea. if she losn secures!�y this Sec�nrity Inatn�mem ic subject to a !e►w which sets maximum loun
<br />, charges. and that lu�s finally interpreted sa that the interest or other loan charges collected or to be collected!n co�necdon
<br /> with the loan exceed the pe�rnitted Iimits,then: Ea)anY such loan chnrge shaU be reduced by ihe amaunt ncc�sssry to reduce ----
<br /> , the char e to she rmitted limit;und(b)any aums already callected from Borrawer which exceeded permltted limits w�il b�
<br /> S P�
<br /> * refunded w Homnwer. I.ender muy choase to make this�fund by reducing the principal owed under the Note or by making a
<br /> - djrect payment to Borrower. If u refund reduces principal,the reductIon will be tm,�ted as a partIal prepayment without uny
<br />. prepaymeat char�e under tha Note. __
<br /> 14_ Notice.s. My notice to Bomower provtded for in this Security Gtstrument shaU be gtven by dellverin� it or by �-
<br /> mailing it by first class mail unless applicable law��quires use of another methad.71�a notice shall be directed to the Property _
<br /> Address or any other adciness Borrower designates by nadc�to Lender. My notice to Lender shall be given by first elass __
<br /> _ ma[lto Lender�s address stated hemin or any other address Lender deslgnates by notice to Borrower. Any notice provided for Q.,,
<br />.� in thh Securlty [nstrument shall be deemed to hnve becn given to Borrower or Lender when sivcm ns provided in this �;_-
<br /> - Pum6raPh• �_-
<br /> . 15_ Govereiing Low;5everabtliry. 'Il�is Security Insuument shatl be govemed by federal law and the law of the _
<br /> jwisdiction in which the Property is located. In the event that any provision or clause of thls SecurIty Instrument or tho NoYe ��:�_;
<br /> conflkts with oppUcuble law.such conflict shall not affect other pmvisions of this Secudty Instivment or the Note whtch can �-�r;-
<br /> b�given effect without the conflicting pmviston. 1b this end the provisions of this Security Instrument and the Noto are
<br /> �_�-
<br /> ,- , declarod to be severable. ��:°
<br /> 16_ Borrower's Copy. Borrower shall be given ane conformed copy of the Note and of this Securiry Insmimen� �.__
<br /> j= 17. 1lransfer ot the Property or u Beneflctal Interest in Sorrower. If ail or any part of the Property or any interest in �:;;:�
<br /> .j.'r ^. � it is sotd or transfetred(or if a beneficial interest in Borrower Is sold or aansfested and Bornower is not a nAtunil person) �.__
<br /> _' `r� without l,ertder�prior writton consen�Lender may.ut Its option.requtre immediate payment in Poll of all sums secured by ';
<br /> ' {,�r�}�" th{s Security Instrumen� However.this option shall not be excrcised by Lender if exe�se is prohibited by federnl law�.a of �=
<br /> ' 4`�;,'�#�i:_ the date of this Securiry Insdvment. ''-°�
<br /> �� If I.ender exenises this opdon.Lender shaq�ive Borrower notice of acceleration. 'The notice shel!provide a periai of
<br /> "���'�,r not less than 30 days from the date the nodce is deliveced or matled wtthin which Bomower must pay all sums secuc�e�by this ..4�
<br /> • Se�urita►InsuumenG If Bornower fulls to pay these sums prior to thc expiradon of this period,Lender may invoke any � �
<br /> . remediespermiuedby this Secwity Instrument without furthernotice ordemand on Bonower. '�,:;•�
<br /> ;;i'S? ' ' iS. Borrowcr's Rtght to Retnstate. If Borrower meets rertain cortdIdons, Borrower sh�ll hnve the right to have '�,,�.
<br /> • enforcernent of this Securiry Instrument discontinued at any dme prior to the earlier of: (a)5 days(or such other period as • `
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<br /> Singlo Runliy»Eannk MadFYMdk Mae UIYIfiORM INSfRUMENT--Unftom�Covenanu 9/90 I/wgr 4 of 6 pages!
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