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<br /> wndcrnnatian ap athcr tnkin�of any part o�titc Fruperty.or for convcynncc in 6icu of condcmrmtton,nre hereby ci9sigiied and
<br /> sh��ll bc patd to Lend�r.
<br /> In the event of a WWI taking of the FroperEy, the procaede ahall be appUed W the sums secured by this Security
<br /> Instrument,whelhtr ar not tFien due.with any excess paid to Borrawer. Ir►the evenc of a pa.�ai taking of the E'ro�tty in
<br /> which tha Yair muket vnluo of tha Property immediatoly before the taking is equal to ar gr¢ater than the anioum of the sums
<br /> xecuced by thts SecutlEy Instrument immcdlately hcForo the taicing,ualess Sorrower and Lender otherw9se�gra tn weitin�,
<br /> thu sumy secured�y this Secu�ity Insuumen¢shall b� teduced by the tunaunt of the praceeds muldpiied by the folfawing
<br /> fruction: (u)tho total amount of tbe sums secured immedlatety hefore the tefcing,diviclal by(iu)d►e fair mw�ket valua of th�
<br /> � PropeKy immediately boforo ehe taking. Any balance shall.be paid to Horrower. in the event of a partial�akIng of the
<br /> Propcny in which�he fnir marke3 value o[the Praperty lmmediutely before tt�e tAking ia less than the amount o€the sums
<br /> secured immediately before tho taking, unless Hosov��er und Lender otherwise agree in wrlting or uniess applicabte luw
<br /> othenvise pravides�the praceeda shall be applied w the sums secured by this SecurIty Iastrument whether or not the sums ane .
<br /> then due.
<br /> If the Property Fa atundoned by Barrower,or if,after noQce by l.ender.to Borrower tUat the condemnor offers ta makes
<br /> an uward or s�sttle n clulm for damages.Hoirower fitila to respond to l.ender wi�thin 30 days after the date tha notice is given.
<br /> I.ender is authorized ro collect and apply tho proceeds.nt Fts aption.eIther ta mstoradon or repair of the Prcrperty or to tha
<br /> sums secured by this Secutity Instrument,whether or not then due.
<br /> Unlese Lender and Horrower otherwise ngree in writing,any applicatlon of pmceeds to princIpul shall not extend or
<br /> postpone the due date of the monthly payments refemd to in parugrapha 1 and 2 or change the amount of such payments.
<br /> Il. Borrawer Not Reteased; Forbearance By Lender Not a Wutver. Bxtension of the time far puyment or
<br /> matiffcndon of emortizatlon of the sums secumd by thls Security Instcument granted by i.ender to any successor in intetest
<br /> �,�,� • of 8orro�ver shall not operate to release the linbiliry of the orl�inal Borrower or Bormwer� successors in intenes�Lender
<br /> shall not be required to commenca proceedings against any suc�:essor in Interest or�efuse to extend time for payment or
<br /> ��. ,,' utl�erwise modify amortizadon af the sums secured by thla Security Inspvment by reason of any demand made by the orlginnl
<br /> �1�'``' � '���'' Borrower or Horrower's successors in interest. Any forbearance by Lender in exercisIng any right or remedy shnll nnt be a
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<br /> :.�,.��,Y�.���Y waiver of or preclude the exercise of any risht or ramedy.
<br /> 12. 5uaessors and Assigus Bouad;,Ta1N and Several Ltability;Castgnere. The covenants end agreemeN�a of this
<br /> �` ' � Security Insmiment shall bind aad benefit the successors and assigns of L.ender and Borrower,subject to the provisions oF
<br /> 'y+'�'��-� � ' � paragrasph 17. Borrower�s covenants and ageements shall be joint und seveml.Any Borrower who co-slgns this Securiry
<br /> �. Insmiment but does not execute the IVote: (a)is casi�nin$thds Securiry Instrument only to mortguge,grant and convey that
<br /> � � .� ,� Sorrower's interest tn the Property under the terms of this Secudty Instrument; (b)is not personal[y obligated to pay the sums
<br /> ' ��� securcd by thls Securtty TnsUUment;and(c)ugrees t�at Lender and any other Borrower may agree to extend.modify,forbear
<br /> '" � '• or mnke any accommodatIans with re�a�d to the terms of this Security Instrument or ihe Note wIthout that Bomower�s
<br /> consent.
<br /> , � I3. i.oan Charges. If the lotan �ee:urr,�l liy tttiy Sn.urity Instrumcni is suhjcct ta a taw which �et� m�xim�sm loas:
<br /> " charges,and that law is 5nally interpreted so that the interest or other loun charges coilected or to be collected in connecdon
<br /> , with the loan exceed the pertnttted limits,then: (a)uny such loun chsu�e shall be reduced by the amount nec.�sssary to reduce
<br /> „�.: the charge to the permitted Itmii;and(b)any sums ulready collected fn�m Borrower which exceeded pem�itted limtis wlll be
<br /> refunded to Borrower. Lender may choose to make thls mfund by reducing the pdncipai owed under the Note or by makln�n
<br /> ' dtnect payment to Bornower. If a mfund reduces principal,the reduction will be a�euted as a partinl p�+epayment wtthout eny
<br /> prepayment charge under the Note.
<br /> �� 14. NotEces. Any notice to Borrower provided for in this Security Inswment shall be given by delivering it or by
<br /> mailing it by first clnss mail unless applicuble law requires use of another method.The notice shall be directed to the Property
<br /> Addrcss or any other address Bonower designates by nottce to Lender. Any notice to Lender shall be�iven by fisst class
<br /> msiil to L.ender's address stated hemin or any other nddress Lender designates by notice to Borrower. Any notice provided for
<br /> - � in this Security Inswment shall be deemed a have been given to Borrower or Lender when �iven as pmvIded in this
<br /> ParaBraPh.
<br /> . � I5. Governing Law; Severabllity. This Security Instrumcnt shall be govemed by federal law and the law of the
<br /> •�::' jurisdiction in whtch the Pmperty is located. In the event that uny provision or clause of this Security Instrument or the Note
<br /> � �,' contlicts with applicable law.such conflict shall not affect other provisions of this Security Instiument or the Note which can
<br /> be given effect without the conflictin�provision. To this end the provisions of this Security Instrument and the Note are �
<br /> � • declared to be severuble. ��r'
<br /> 16. Borrower's Copy. Borrower shull be given one conformed copy of the Note and of this Security Instrument. _
<br /> :,��:" 17. '[Ynnsfer of the Property or a Beneficial I�terest in Borrower. If all or any part of the Property or any interest in
<br /> � it is sold or transfecred(or if a beneficial interest in Borrower is sold or hac�sfemed and Borrower is not a natural person)
<br /> without Lender's pdor written consent,Lender muy,at its option,requlre immediate payment in full of all sums secured by
<br /> � ' this Secutity Instrument. However,this option shstil not be exercised by Lender if excrcise is prohibited by federal law as of
<br /> , the date of this Security Instrument.
<br /> `';., If Lender exercises this option,Lender shall give Borrower notice of ucceleration. The notice shall provide u period of
<br /> ?' �;..��. . �� {' not kss than 30 duys from the date the notice is delivet+ed or mailed within which Borrower must pay all sums secured by this
<br /> �'+..� Security Insuument. If Borrower fails to pay these sums prior tu the expiration of ihis period, Lender may invoke any
<br /> " . remedies permitted by this Security Insuument without further notice or demnnd on Borrower.
<br /> ,'' ' 18. Borrower's Right to Reinstate. If Borrower meets certuin conditions, Borrower shall have the right to have
<br /> � , enforcement of this Security Instrument discontinued at uny time prior to the eurlier of: (n)5 days(or such other period as
<br /> ' ,,�:� • Singic Family•-Fnnnte Mae/FYeddte Mnc UNIFORM iNSTRUMGNT•-Uoiform Covenant+ 9/90 fpax�3 o�a FaXeJ�
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