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<br /> cancicmnution or othcr taking of any purt of tha PmpcAy.ot for convcy�u►cc in liau of candemnution,nra hcrcby agsi�ned und
<br /> sha11 be paid to Lcndcr.
<br /> In tho evcnt af u twi►i taking af thc P�rperty,tho pracecds Khuli bc upplied to thc �umq sccurcd by this Sscudty
<br /> insirument,whcther or not thcn duo. with any excesa puld ta Borrower. In the event o!n paetiul r,uking of thc Property in
<br /> which ttc fnir mnrtcct value ef the Propeny�mmcdiatcly before tho taking is equa!to or g►eater thu�e thc umaunt nf the sums
<br /> eecund lyy tht!►Secuflty in:�tn►mcnt immediutely beforo the taking.unlc.gw 8arrowcr and Lender odtcrwiso agcee U�wrici�ig.
<br /> the �ums secured by thia Security{nxtn�ment Shal1 be reduced by the ama�nt of the procada multiplied by tho Pollowing
<br /> fmctian: (a)the tetni n�nount af thc sums�ecuied immediately bePore the tnking,dlvlded by(b)the fnir murket vntue af the
<br /> Pro�►eny lmmediatoly beforc the tuking. Any bulunce hmmedlateld beforc theetnking is tcwa thun ihe amunt of the ums
<br /> Pmpecty in which the falr market vafua of the Pruperty Y
<br /> r,ecured immedintcfy befaro the tuking,unless Borrawer und Lcnder othervvlsc agree in writing or unless applicublv law
<br /> uthenvEsa providcs.the pruceeds sltall be applied to the sums r.ecured by this 3ecurity Insavment whether ar not the sums are
<br /> thcn due.
<br /> If die Pimperty ia ubandaned by Borrower.or if,ufter nodce by[.ender to Borrower thnt the condemnor afferx to muke
<br /> an uward or settle n clulm for dumages,9orrower fuils to�espond to Lender within 30 duys atter the date the notiae is given.
<br /> Lender iA autharized to coliect und apply the proceeds.at ita opdon,efther ta restomdon or cepuir of the Property or ta the
<br /> sums�ecured by this Sew�Ity(nswmenti whethor ar nat then due. a lication af roccxds eo rinci nl shull not extend or
<br /> Unless Lender nnd Borrower c.vherwise agi+ee in writing. any pp P E� P P
<br /> postpone tha due dnte of the monthly puymenGs refetted to in pnrasraphs 1 und 2 or chunge the nmount of such payments.
<br /> 11. Banower Aiot Retea�ed; fFoe6earance By Lende� lYot a Waiver, Fxtension of the time fo: payment or
<br /> modlficution of nmortizadon of the sums secured by this Securiry Ynsuument grunted hy Lender to uny successor in interest
<br /> of Hormwer shall not �perate to release the linbiliry of the odginal Borrower ar Bomower'.s successo�s in interes�I.ender
<br /> shnll not be required to commence proceedings ugnlnst any successor in interest or refuse to extend time for payment or
<br /> othenvise modffy sunortizutlon of the sums recured by thls Securlry Inst�ument by reuson of any demand mude by the originut
<br /> Borrower or Borrower�s successors In interest. Any forbearunce by I.ender in exereising s+ny right or remedy shall nat be a
<br /> wniver of or preclude the exercise of any right or cemedy.
<br /> �2, gu�c�ors attd psgigns Boundi doint aad Severa{Lfability;Casigners. The covenants ur►d agreements of thls
<br /> Security Instcument shnll bi�d und beneFt the successots and as.gigns of Lender und Bumower.subject to the provisions of
<br /> paragruph 17.$orrower�s covenants and ngreements shnll be joint und severnl. Any Borrower who casigns this Security ;;y.:
<br /> insmiment but dces not execute the Note: (n)is co-signins this Security Instrumeat only to martgage,grunt and convey that
<br /> Borrowerk inrerest in the Property ur�der the terms of this Securiry Instrumenr. (b)is not penonnlly obli�ated to puy the sums �,
<br /> �ecwed bv this Security Iasuument;nnd(c)ugrees that Lender und nny other Borrower may agree to extend.modtfy,forbear ��(
<br /> or malce any aecommodadons with �egard to trte cecros of chis Securiiy I�i,trument or the '�ate i�istsotet thnt E�o�n+w�''� �c�;V�,;
<br /> consen� �'��
<br /> 13. i.oan Chai�ges. If the loan tecured by this Security Instrument is subject to a law whtch se�g mnximum loan
<br /> ��,�.,�+ churges.and thnt luw is finully interpreted so that the inter�est or other loun churges collected or to be collected in connecdon
<br /> with the loan exceed the pertnttted limits.then: (a)any such loon chur�e shup be reduced by the umount necessery to reduce
<br /> tbe ch�ge to the pemniued limit;sind(b)uny sums alreudy collected from Bonower which exceeded permitted Ilmits wUl be
<br /> �efunded to Borrower. Lender may choose to muke this refund by reducing the pdncipal owed under the Note or by making ct �,�t��
<br /> ditpct payment to Bormwec If a mfund teduces principal,the ceduction will be veuu.d us a psutial pnepayment without uny �,.,
<br /> prepayment chorge under the Note.
<br /> 14. Notices. My nodce to Borrower provided for in this Security Instrument shnil tse given by deUverIng it or by
<br /> mailing it by fitst class muil untess applicnble law requires use of another method.The nodce shall be dimcted to the Property �;�
<br /> Address or any other uddress Rorrower designate.s by notIce to Lender. Any rtotice to Lender shalt be given by fiest clnss _
<br /> mail to Lender's address stated herein or nny other address Lender desi�nares by nottce to Borrower. Any nodce provided for �.;
<br /> in this Secatity Insttvment shall be deemed to have been given to Borrower or Lender when given as provided in this .�'-
<br /> P�S�Ph• ":
<br /> . 1S. Governing Lawt Severability. This Secudty lnswment shnll be govemed by federul law nnd the Inw of the �:
<br /> ° jurisdictlan in which the PropertY is located. In the event thut uny provislon or claase of this Securiry Insuument or the Note
<br /> conflicts w[th applicable luw.such conflict shull not nffect other provisions of this Sec�uity Instrument or the Note which cun
<br /> be given effect without the conflictin� provision. '[b this end the provisions of this Security[nsuument and the Note ure ��,fSSS�
<br /> :� � � deciared w be severable.
<br /> , 16. Borrower's Copy. Borrower shall be g[ven one conformed copy of the Note nnd of this Security Insavment.
<br /> '-'�:r'•= 17. 1Yansfer o!the Yroperty or a Beneficiel Interest in Bormwer. If all or uny patt of the Propeny or any interest in
<br /> �,��. it {a sold or transfemed(or if a beneficial interest in Borrower is sold or trn,nsferred and Borrower is not u natural person)
<br /> � � without Lendcr's prior written consent. Leader may.at its opdon.requtrc immediute payment in full of oll sums secured by
<br /> �,',:t.�,t.,
<br /> ' . �;;�;��;�;:`� th;s Security Instn�ment. However.this oprion shall not be cxercised by Lender if exercise is prohibited by federai law as of
<br /> •f::-� . the date of this Security Instrumen�
<br /> ,,.•,�.
<br /> ,;{l� If Lender exerc[ses tlda option,Lender shull give Borrower notice of 3cceleration. The notice shuil provide a period o
<br /> '�a`�����i' not less than 30 days ftom the date the notice is delivered or mailed within which Borrower must pay ctll sums secuted by this
<br /> , �l`
<br /> � Security Inswmen� If Borrower fails to pay these sums prior to the expirution of this period.Lender mny invo e any
<br /> r.���"� r
<br /> � r,,. ;�*�yd:�.��;;,'� remedies peimitted by this Secuclty Insttument without further notice or demand on Borrower.
<br /> ;����."•� 18. Borr'ower's Rtght to Reinstate. If Borrower meets certnin conditiona, Borrower sheU have the right to have ,
<br /> �" `.��•;¢�t�� enforcement of this Seaudty Insttument discontinued at any ttme prior to the eailier ofl (a)5 dciys(or such other pedod os �,5+,;.
<br /> �.3,'Yi��;}:v�:
<br /> ;�.;� 5ingie Famfiy--Fannl¢Mae/FtedQk Mac UNIFORM iN3TRUMBNf--Unifotm Covenanb 9l90 (paRe 4 njb pagesl
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