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<br /> candenu�atlom ar othcr taking af any p:rt af the Prnpctty,or far conveynnce in licu af condcmnauon,nr�e Ittreby n9slgned and
<br /> slialf t�c pstid to I.ender.
<br /> In the event of a tWal wking of thu Pt+�p�rty, tho proceeds shall be applie�i to the sum9 secured by thIs Security
<br /> Instrument,whether or nat then due,with any excess pntd to Borrowcr. ln the event of a punIal taking of the Pcuperty In
<br /> �vhich the fair markot valuo of the Ptopetty lmmedistcly before thc tuking is equuf ta or greatcr than the amount of the sums
<br /> secured by this Secudty instrument lmrtxdiately before tho taklog,unless Homnwer end L,ender olncrwise�g,cce in writing,
<br /> the sums sec►urd by thIs Scc�riry Inswment Rhail be ceduced by t3u nmount of the proaeds multiplicd by the foUawtng
<br /> f'racti�: (a)tho tatal umount af the cums secured immediateiy before the taking.divided by(b)ti�e fuir niarket vwluo ot'Aw
<br /> Prnperty tmmedtauly 1stfAre the taking. Any baJance shnll be paid to Bortower. In the event of�partlal teking of tNo
<br /> ptopetry in whtch the iair mrulcet veluo of the Property immedintely before the tuking ie less than the umaunt of the sums
<br /> r,ecu�ed immediately befon the wking,unles.s Horrower and l.ender othen�vise ugao�writ[ns or unitss ppplicublc law
<br /> otheswisa provides.the pracee�s shalt be applied ta the sums secund by this Security Instrument whethee ar nat the sums urG
<br /> then due.
<br /> If the Property is abandoned by aarcower.or if,ufter nodce by Lender to Borrower thut the condsmnor offers to m�ke
<br /> un award or setde u cln�m for dumages,Bo�rower faila to respond to I.ender wlthin 30 duys after the dato the notice is given.
<br /> l.ender is nuthorized to coUect and apply the proceeAs.at its optlea,etther to restoration or repair of the Propecty or to the
<br /> sums secuted by this Securiry Instrumen�whether or not then due.
<br /> Unless I.ender and Borrawer othenvise agree in writtn&.any npplicadon of pmceeds to principal shall not eatend or
<br /> postpone the due dute of the monthly payments referted to In paragrnphs 1 su►d 2 or chunge the simount of such paymen�g.
<br /> 11. Borrowsr Not Released; F�urbeArance By Lender No! a Waiver. Extension of the dme for payment or
<br /> modification af amortiaatlon of the sums secured by this Security Insuument granted by I.ender to any successor in tnterest
<br /> of Borrower shaU not ogerote to release the Iiability of the original Aarrawer or Borrower�s successor� in intetea�Lender
<br /> shall not 6erequired to cammence pmceedings ug�n.gt any saccessor in intenst or refuso to extend dme for payment or
<br /> otherwise mod fi y amortizaaon oF the sums secured by this Security Inswment by reawn of any demand made by the odginal
<br /> Bomower or Borrower�succcssors in InteresG My fdrbearance by I.ertder in exerclsing any right or remedy shall not be c+
<br /> waiverof or preclude the exe�rcise of any right or remedy.
<br /> 12. Successorw aad Asslgna Bound;Joint end Several LiabiUty;Casl�nera The covenunts and agreemenu af this
<br /> Securiry Inswment shall bind and benefit the successors und Assigns of[.ender and Borrower.subject to the provisions of
<br /> paragraph 17. Bomn�ver's covenunts and agreements shall be joint and several. My Borrower who caslgns thls Security
<br /> Instrument but dces not execute the Note: (a)is co-signing this Security Insuument only W mortguge,grattt and convey that
<br /> Bomower�interest in the Property under the terms of this Security Ireswmen� (b)is not personally obligated to pay the sums
<br /> secured by this Securiry Insnumen�and(c)agrces that Lender und any other Bomnwer may a�nee to extend,modlfy.fo�ear
<br /> or make any accommodadons with ngurd to the terms of this Securiry Insuument ur the Note without that Bomower's
<br /> wnsent
<br /> 13. Loan Ci�arges, if ihe Iosn secutod by ihis Scxu�ii}r Insirumeni is subjcct to a la�: xhieh�L° m�ximuus loass
<br /> charges.and that law is finally inteipmted so that the utterest or other Ioan charges wllected or to be collected in connection
<br /> with tha loan�xceed the permttted limits.then: (u)any such loan churge shall 6e reduc.ed by the amount necessary to reduce
<br /> , the charge to the pemutted limit;and(b)uny sums�I�ady collected from Bomower which exceeded petmitted Umits will be
<br /> refunded to Bo�wer. l.ender may choose to make this refu�d by re.ductng the pdncipai owed under the Note or by making a
<br /> dimct payment to Borrower. If a refund ceduces principal.the Kducdon will be ueated:u s+partial prepayment without any
<br /> pnpayment char�e under the Note.
<br /> !4. NoHces. My notice to Botrower provided for in this Security Instrument shall be given by delivering it or by
<br /> mailing it by first class maU unless epplteable law requircs use of another method.The notice sh�ll be d'uected to the PropeRy
<br /> Address or any other address Borrower designates by notice to Lender. Any notice to Lertder shail be given by flrst closs
<br /> mail to Lender�s address staLed herein or any other addmss L.ender designates by notIce to Borrower. Any�otice provided for
<br /> in th;s Securiry Instrument shali 6e deemed to have been given to Borrower or Lender when given as provided in this
<br /> . . paragraph.
<br /> 1S. Coverning Law; Severabti[ty. This Secwriry Inswment shall be gaverned by federnl lua and the luw of the
<br /> jurisdiction in whtch the Property is lceated In the event thnt any provision or cluu.0 of this Securiry Instcument or the Note �_r_ •
<br /> conflicts with applicuble law,such conflict shall not affect other pmvistons of this Secur�ty Instrument or the Note which can '_„=
<br /> '' be giren effect without the confltcting provislon. To tbis end the provis[ons of this Sectuity Instrument and the Note am �;
<br /> t• dxlareci to be severable. • '`
<br /> ��,�:'=„ � 16. Borrower's Copy. Borrower shaU be given nne canformed rnpy of the Note und of thts Security Insaument.
<br /> ;�.K�y f_ ; 17. lhansfer otthe Pe�operty or a Benetiula4lmterest in Borrower. If all or any part of the Properay or any interest in �?
<br /> .^�pY���n� � it is sold or trnnsferred (or if a beneficiul interest in Boraowc�is sold or transferred and Bocrower is not a nntural peison) ��"-
<br /> c�:;�;�,:; wi t h o u t i.e rt d e r�s p ri o r w r i tt e n rn n s e n t,L e n d e r m u y,a t i t s a p t i o n.r e q u�+e i m c rt e d I a t e p a y m e n t i n f u l l o f a l l s u m s s e cured b y
<br /> s�:�;;t� �
<br /> .• �. t�is Securiry inshument. However,this opdon shall not be eaer�cised by L,ender if exec+c�se is prohibited by federal Inw as of
<br /> ��!~':"�;�= the cfute of tl�is Security Instrument. •
<br /> `�:�;;,:..` ' If Lender exercises this option,Lender sPe:,ll give Bormwer notice of acceleradon. 'It�e notice shull provide a period of
<br /> r�:x:;::;: ' not tess than 30 duys from the date the notice is delivered or mailed wtthin whiEh Bomower must pay all sums secured by this
<br /> �`�.'�;�`_ � Security Inswmen� If Borrower faits to pay these sums prior to the expiration of this period,Lender may invoke nny
<br /> �"" ���' ' remedles pern►itted by this Security Inswment wuhout further nolice or demand on Bomower.
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<br /> � �?-`�„��::�� � � 18. Borro�ver's Right to Reinstate. If Bocrower meeu certain conditIons,Borrower shall huve the right to have
<br /> �y�:���;,� enfoaement of this Security Insuument discontinued �t uny ttme prior to the eariier of: (n)5 days(or snch other period sis
<br /> ���-'.'.`'�n4 ' � S[ngle Fnmily»Fanek MsdF1'eddk Mae UNIfORM INSPRUMETIT-[Inifom►Covenanu 9l90 (paRe 4 ojb pogasi
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