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<br /> r.arxkm�ti�n ar aher cakina c>f nny�art uf tke Pnsp�rty�ur t'or ca►veys�oe tn,fiqu of ccx�denuyaiian,�re hnsbY�s+ip�e��ad
<br /> �ali he piad[o ll.ea�der.
<br /> In.th�even� af s tou�ta6cin� of thC Praperty�che procsed.t st;slt tre Applia!tu nc� surn� �ecur�ed by this Sccudty
<br /> [ns�wnau,whaher a na ths�due.with�ny Rxcdt p�kf w&�ircmver. In thc event of a prtia!talcins oC dn P�opaYe�W
<br /> w�ic�tlic f�ir m�kct v.flu�ol�IAe Pr�rperty�nmaUuety�etore the t�kina�a a�wl to q�ter dun tho�r�ount o+f Ihe wuss :
<br /> �eeured by d�ia 9ecutitY Iwtivtna�t InunediMely betu�rt fhe t�kir�.ur.lep Bcxn►�and[.ender otherwlse�grea b�writin�. �. .>
<br /> the�wnR �qr.wed by d�Security I�p�tnu►aa�t ds�l be tecf+ace�1 by the+urwum ot nxiltiplie�by the M�Ilo�i�
<br /> � �?thc frft m�dcet vdue�f th►3
<br /> ii«c3iart: ia)tha ur�!a�t!+t�n?nf th�nn.n+nr.rnrnA imrrr_d(�ttly befc�+e tho takinR,dlvi
<br /> ' prppaty inwnedf�oe}y�etos�e tfie W�n�. My bal�nee �hall be paid w Butruwcr. in the ovau o[�p�rtiJ ukin�of tl�e
<br /> propeay in which the f�:r•marlcet vvue bt tl�e Pnoperty immcdiuely befa+e the aking fe lcss tlun d►e�rnount ot the nu+ns
<br /> secured imtr�dixtely before tt+e W�Ltig,unlcyr Bonawer ac►Q I.c�er otlKSrwlse agrae fn writing a unksa appli�bla I+�w
<br /> oeherwise pcovldea.the procoed�sha11 be�plied tp the sums secured by this Secwlty Instn�mcnt whet6er;or rwt the�urn��re
<br /> then due. .
<br /> 1f the Pmperty is ab�nduned by Borcawer.ar lf,after notia by Lender tQ�wer thu the condemna affers to m�ice
<br /> an awatd at'settic a ctairn far damages.Horrnwer fails to t+espond to I.ender within 3D days after ihe dtfe tUe notice is givrn,
<br /> l.e:►der is�uthotfud to colkct an�!�pply the proc.ecds.at�t�option,eicher to rsstoratfon or repAie of th�Property or to the
<br /> sums sxured by this Security Instrument,whether or not tha�due.
<br /> Unless[.,ender and Horrower othetwlsc ag�+ee in wri�ng.eny ap licatlon af proceeda to principal shali not eatend or
<br /> postppne the due dace of the monthly payments rcfetied to in parsgiapfis 1 and 2 ar changc the amount oY such paymrnta.
<br /> 1!. Barrower Nbat RdeasM; Fbrbearu�ae By 4ender NM s Wafver. Extension of tha timo for puyment or
<br /> modlficattotY of mnortizadon of tho sums secured by this Security Instivment granted by Lendar to aay successor in interest
<br /> af Horrower sdall rwt clperstc m rclease the liabiliry of tite original Borrower or Borrower�successors in�ntnrest Lender
<br /> shail rtot be re9ui�ed to commence pmoeafings against eny bu�essoe in uue;2st or rctbsc ta rxtemd tim�for payment er
<br /> otl�erwise madlfy amottization of the sums secu�ed by this SecurIty Instrument by reason of eny demand made by the origiaal
<br /> Borrawer or Bamwer�s successors in intecesG Aay fcnbaivance by Lender in exercising any iright or remedy shall not be st
<br /> waive�of or preclude tde exercise of arry rigt�t or remedy.
<br /> 12. Succeasore�ad Assi�s Bound;Jdat sted 5evera!LiabUity;Co-signers. 'Ifie cavenants and agreements of this
<br /> 3ecurlty Insuument shall biad un�i benefit the successors and ussigns of Lender and Boaow�er,subject to the provis[ons of
<br /> paragraph 17.Bomower�s covenants and agretmenu►shnll be joint and several. My 8orrower who co-signs duR Security
<br /> Instrument but does not executa the Note: (a)Is co-sigmins this Securiry Instrument only to mortguge,graiu end convey that
<br /> Borrnwer's tnterest in the Property under the terms of thts Securiry Tnatrumen� (b)is not Qersonally obligated to pay the sums
<br /> secuted by tttis Securlry Insuwnent;and(c)agrees that L.ender urtd sury other Borrower may agree to extend.modify,forbear i
<br /> or make any accomtnodnt�ons with c�egard w the terms of this Security Insuumcn►or the Note withont that IIumnw�r�s
<br /> consen�
<br /> 13, I.oan Chus�eq. If the loan secut�l by this Securtty Insuument Is subject w a law whIch sets maximum loan
<br /> charges,and that law is finally Interpicted so that tho interest or other loan chnrges colteateA or co be coiiected in cannecdon
<br /> wIth the loau exceed the petmitted limits.then: (a)any such loun charge shall be reduced by the amaunt necessary to reduce
<br /> the chRrge to the pertnitted limit;and(b)any sums ale+eady collected from Borrower which exceeded permitted limits will be
<br /> refui�ded to Borrowet. Lender may choose w make this rafund by reducing the principal owed under the Note or by making a
<br /> direct payment w Borrower. If a refund reduces principal.the reduction will be treated as a partial prepayment without eny
<br /> prepayment charge under the Note.
<br /> 14. Not[ces. Any nodce to Borrower provided for in tt�is Security Tnswment shall be gtven by dellvering it or by
<br /> mailing it by first clnss mail unless upplicable law requires use of enother methad.The nodce shail be directed to the Property
<br /> Address or aay other address Boirower designates by notice to l.ender. A�ey natice to I.ender shall be given by fust class
<br /> mnil to Lenderb nddnss stated herein or any other address L.ender designates by nodce to Borrower. Any r.etica provided for
<br /> in thIs Security Instrument shall be deemed to have 6een given to Borrower or Lender when gtven as pmvIded �n this
<br /> h
<br /> p��lSp Governin�Lsw;Severability. 'Il�s�eruriry Instrum�nt shull be�ovemed by federal Iaw and the taw of the
<br /> jurisdicrion in which the Pmperty is located. In the event that any provision or clause of this Security Insmiment or the Note
<br /> wntllcts wIW applIcable law.such confltct shall not af�ect other provistons of this Security Instcument or the Note which cen
<br /> be given effect without the conflicting pmvtston. 'tb this end the provisfons of this Security instrument and ehe Note are
<br /> declnr�d to be severable.
<br /> 16. Borrower's Cupy. Bosower shall be given one confortned wpy of the Note nnd oY this Security Instcument.
<br /> 1�. 'Yh�anster of the 1'roperty or u Beneflctal Interest ia Borrower. If all or eny part of the Property or uny interest in
<br /> it is sold or transferred tar if a beneficial intec+est in Borrower is sold or transferred and Borrower!s not a natural pecson)
<br /> w[t�out Lender�s prior wri3ter►consen�l.ender may,at its option,require immediate payment in fuU of all sums secumd by
<br /> this Se�urity Instrumen� However.this oprion shail not be ezercised by Lendes if exercise�s prohibited by federa!law as of
<br /> the date of this Securiry Instcumen� � ,;
<br /> If L.ender exercLses this opxton,I.ender shail give Borrower norice of uccelerntion. The nodce shall provide a period of
<br /> o t °.`
<br /> not less than 30 days from the date the nptice in delivered or mailed within which Borrower must pay all sums secured by this
<br /> . Security Insuumea� If Bomower fatls to pay these sums prior to the expiradon of this period. Lender may invol:e uny �';:�
<br /> remedIes permitted by this Security Inswment without further nodce or demand on Bocrower. -'.�'
<br /> 18. Borrower's Right to Reinstate. If BoTrower meets certain conditions, Borrower shall have the ri�ht to ha�•e 7._.
<br /> . enforaKaert of this Security Inatrument discondnued at nny tlme prior to the e�ulier of: (a)5 days(or such other period as • *�
<br /> ::�:
<br /> Single Tnmiiy»Fannk MaelFYeddk Mac IINIFORM iNSTRUMENT»Unifonn Cwenanb 9l90 (yoge 4 oj6 pagea) ,
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