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<br /> condcmnntlon or otlier taking of any pan of tt�e Property,rr for eonveyance in lieu af candemnution,nre hereby a5signed nnd
<br /> shall bo pald to L.ender.
<br /> In the event of A totul tuking of tt�e Pro�erty,the procceda shall be Apptied to the sums secured by thie Securlry
<br /> Instrument�wttether or not then duc,wlth any excesa pntd to Borrower. ln the evcnt of n partial tuking of the Property In
<br /> which the feir market vafua of ths Pcoperty immediutely bafore the takin�g is equal to or greater than tho amount of the suma
<br /> r,tcurGd by thi�Security Instrumcnt immedlntely l�efore the tnking.unless Borrower and I.ender otl:crwise agree in wtiting,
<br /> the aums secured by lhis Securlty lnsuument sha11 be reduccd by the umount oP ti�e psaeeds multiplied by �c fallowing
<br /> frec.�ion: (a)the totul amount af ttte sumA secured immediutely befor�the tnking.dlvtded by(b)the fair murkex valuo aF the
<br /> PrapeKy immediately befom the tnking. Any balance shall be puid to Borrower. In the eve�t of n p:sct�a! taking of the
<br /> Propetry in which the fair market value of the Aroperty Imm�diately before the takins ia less than tlie nmount of the sums
<br /> secured Immediately 6efore the taking, unless Bomower and Lender atherwise ngres in wdting or untes.s u�plicnble law
<br /> otherwir,e provldes,the proceeds shall be upplied to the sums secured by thls Securtty[nsuument whether or not the sums ure
<br /> then due.
<br /> If the Properry is a6undoned by Borrower,or If,af�er natice by Lender to Bormwer that the condemnor offers to make
<br /> sn uwnrd or settle a claim for damagcs,Borrowcr fnils to respond to I.ender withtn 30 days after the date the noifcc is given.
<br /> [,ender ts authorized to collect and upply the proceeds.ut its opdon.either to restomttan or repalr of the Property�r to the
<br /> sums seaured by this Securlry Instrumen�whether or nat then due.
<br /> Unless Lender and Borrower otherwise agme in wrhing. any application of procceds to principal shall not extend or
<br /> postpone the due dnte of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such paymenu.
<br /> 11. Borrowe� Not [teleased; Forbearance By Lender Not a Waiver. Extenslon of the time for payment or
<br /> modific�tion of sunortlzatIon of the yums secured by th[s Secnr�ty InxtNment�anted hy Lender to;any successor in intec+est
<br /> of Bonower sha11 net operate to release the liabiltry of the originnl Harrower or Borrowee's successors in interest.Lender
<br /> ahull not be requued to commence proaeedings against any successor in Interest or refuse to extend dme for payment or
<br /> ,� otherwise modify amortizadon of the sums secured by this Security[nswment by reason of uny demarid made by the ariginal • �:�
<br /> Borrower or Borrowerk successors in lnteres� Any forbearance by Lender in exercising any right or remedy shaU not be a ;�,;:'.
<br /> waiver of or preclude the exercise of pny right or i+emedy. :�Y.
<br /> 12. Successors end Assigns Bound;Jolnt aud Several Llabitity;Casigners. 7Yie covenents and agreemenu of this `'��';:;
<br /> Security Instrument shall bind and 6enefit the successors and assigns of Lender and Borrower.subject to the provisions of �
<br /> paragraph 17.Bamnwer's covenants and agreements shull be joint and several. Any Bomower who co-signs this Security �r.�
<br /> .^�` Insuument but dces not execute the Note: (a)is co-slgning thi�s Securiry Instrument only to mortgage,grant tu►d eonvey that -�,.
<br /> Borrower�s intcrest in the Property under the tertns of this Security Insuument; (b)is not persanally obligated to pay the sums F�:`q
<br /> e ;t,�,.
<br /> secured by this Securiry Instmment;and(c)agrees that l.ender and uny other Borrower may agree to extend.modify.forbear �::��.!•.
<br /> .��, or make nny accommodattons with re�ard to the tertns of this Security Instn►ment or the Note without that Borrower'.s ,r;f;
<br /> consent.
<br /> ''r.'. 13. Loan Charges. if the loan secured by this Securiry Instrument is subject to a law which se�s maximum laan ��:'
<br /> �, ;.o,� charges.and that law is finally interpreted so that the interest or other loan charges col(ected or to be callected in connecdon
<br /> �': -t'�t,Y?:4' with the loan exceed the pesnitted limtts.then: (a)any such loan cherge shnil be reduced by the amount necessary to reduce
<br /> �' ' r�'�� the charge to die permitt�i limi�and(b)any wms ulreudy wltected from Horrower which exceeded permitted limits wiU be �';�;:j.
<br /> '• � �` � refunded to Borrower. Lender ma choose to make this refund b reductn the rinci al owed under the Note or b makin a .�,
<br /> ' ,�e:� Y Y e � p P Y S �t�.,;
<br /> .�,..
<br /> y� � �.:�,�: ; dii�ec:t peyn:cnt to Borrower. If n refund seduces principul.the recfucdon will be treuted as a p�rtial prepayment without uny 1�,.8(-
<br /> ` •, �;,G prepayment chargu under the Note.
<br /> " �t '' 14. Notices. Any natice to Borrower provided for in this Securit Instrument shall be iven b de(iverin it or b t�',
<br /> .;���' � . Y S Y � Y ,?'�:.,,
<br /> mailing it by first class mail unless applicable law requires use of another method.The notice shaU be dtrected to the Property �`,..
<br /> '�'i::' Addn�ss or uny other address Borrower designates by notice to Lender. My notice to Lender shall be given by first class •';'"
<br /> mail to Lender's address stated herein or any other uddress Lender deslgnates by aotice to Borrower. Any notice provlded for •
<br /> tn this Securiry Inswment shaU be deemed to have becn given to Borrower or Lender when given as provided in thls
<br /> p��1h
<br /> 5p Governing Law;Severnbility. This Sccurity tnswment shall be govomed by federnl lnw and the Inw of the t.;:,
<br /> '�, N jurtsdiction in which the Prope�ty is locuted. In the event that any provision or clause of this Security Insuument or the Note ,:
<br /> conflicts with npplicable law.such confllct shnll not affect other provisions of this Security Instrument or the Note which can "}�;'`
<br /> �� � be gtven effect without the conflicting pmvision. 'Ib this end the provisions of this Security Instrument nnd the Nute ure ��'''"
<br /> -;f�nY�� �t;, declared to be seveeable.
<br /> . •. - ' 16. Borrower'A Capy. Borrower shall be given one conformed copy of the Note und of this Securiry Instrument.
<br /> ; ���''a'� 1�. 7lransfer of the Pro rt or a Beneflcinl Interest In Borrower. If�II or any part of die Property or sjny intemst in
<br /> ; Y"�,�:�,- Pe Y ° ;,�
<br /> �;�;��,,;,;�;�� it is sold or nansferred(or if a beneticial interest in Borcower is sold or trcinsferred und Borrower is not a natural pecson)
<br /> �';"�'"•,��;�' without Lender's prior written consent,Lender may,at its option,require immediate payment in full of all surns secured by
<br /> -`�'' ��-• this Security lnstrument. Howcver,this option shall not be exercised by Lender if exercise is prohibited by fedeml law as of
<br /> ` � '" the date of this Security Inspument.
<br /> �����.. �: ..
<br /> ,,,;,;�E�r:^�; If I.ender eaer�cises this opdon.Lender shaU give Borrower notice of acceleration. The noace shall provide a period of
<br /> :' r;��`'�y_.: nat less than 30 days from the dute the nodce is delivered or mailed within which Bomower must pay all sums secured by this
<br /> r„�.�?��; : Security Insaumen� if Bonnwer fails to pay these sums prior to the expirntion of this period, I.ender may ir+voke any
<br /> -��,?-�?�;;:��n�'�^- r0med[es pemtitted by this S�uriry Insuument without further nottce or demund on Borrower.
<br /> (�,��^�� 18. Borrower's Right to Reic�stute. If Bumower meets certnin condiaons, Borrower shall hnve the ri�ht to have
<br /> N'' s�':`5'��::;�• enforcement of this Securiry[nswment disaontinued ut eny time prior to the enrlier of: (A)5 days (or such other period as
<br /> ��`.,'�r r�-;.
<br /> " �rti}��;j^��T. . Single Famity»Fbonfe Mae/Fteddie Mac t1NIFORM INS'fRUMENT-•Unifotm Corrnann 9/90 (page 4 oj6 paR�.r)
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