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<br /> candemnution or other tnkin�af nny part of the Prapert;.or far conveyunce in lieu oi condemnatian,are hereby agsigned a+nd
<br /> ehull bc paid to Lendcr. �
<br /> In ttte event oi a tatal wking of the property.tho Procceds sbull be applied to the sum� securcd by thi» SecurIty :�a+
<br /> Insuumcnt.whether ar not thcn due.WIIII tlflY C%CCRA PII�d IO BPFtOWCi. In the cvent of a pactiul tnking of the Property!n
<br /> which thc fair murket value of the Property immedlately btfarc the taking!s equal to or greatcr than Ihe umount of tho sutna
<br /> stcured by thEs Secucity Inatrum$nt immediutely bafore the taking.unless�orrower und I.ender otherwise ugree in wdting,
<br /> the sums secuned by this 5ecurity Instn�me�tt ahall bo reduced by the amount of the pmceedg multiplied by the following
<br /> fruction: (u)dio totut umount of the sums secured immecflutely befare the tuking.divided by(b)ihe fnir market vulue of the
<br /> Property immediately before the taking. Any bulance xhall be pald to Borrower. In the event of a partial taking of tho
<br /> Property in whlch the fair market valuo of the Propeny Immediutely before the teking!s loxc thnn thc amount of tha suma
<br /> secured immedlntely before the taking, untess Bprcowec nnd Lender otherwise agree in wrlting or t�nle�s upplicable luw �
<br /> otherwlse provlde�.the proceeds ahail be applied to the sums secured by this 5ecurity Instrument whether or not the sums are
<br /> then due. '�
<br /> If the Property is abundaned by Borrower,ot if,after notIce by Lender to Sorrower thut the candemnor offere to mAlce
<br /> an awrud or setde a ciaim far damnges.$orrower fails ta respond to Lcndcr within 30 duys ufter ths dnte the notIce ls give�, -TM
<br /> Lender is uuthodzed to collect and apply the proceeds,at its option,either to restoration or repair of the Property or to the
<br /> suma secured by this Securlty Instrument,whether ar not then due.
<br /> Unless Lender and Borrower otherwlse agree in writln�,uny application of proceeds to pdncIpAl shall not extend or
<br /> postpone the due date of the monthly poyments refsrred to in para�ruphs 1 and 2 orchange the smount of such puyments. >'_`:'
<br /> 11. Borrower Not Released= Forbearance By Leader Not a Waiver. Extension of the timo for payment or �!
<br /> modlfication of amartixuttan of the sums secured by this Secudty Insuument granted by Lender to uny successor m interest
<br /> of Horrower shell not operate to rclease the liabfliry of the origlnal Borrower or Borrowerg successors in intemst. L.ender
<br /> shul!nat be required to comme�n;e proceedings against any successor in interest or mfuse to extend rime for payment or
<br /> ! othenvise modify amortization of the sums secured by this Secudty Inswment by reason of any dem:utd made by the original '
<br /> Borrower or Borrower�s successors in interesG My forbearance by Lender in exercising any right or remedy shall not bc a �
<br /> waiver of or preclude the exercise of nny ri�ht or remedy.
<br /> 12. Suceessora and Asstgna Bound;Joint and Several Liability;Caslgnera The covenants and agreement�of this
<br /> Securlty Instrument shull bind nnd benefit the successors and ussigns of Lender and Borrower.subject to the pmvisions of �;
<br /> paragtaph 17. Borrowers covenants nnd a�reements shall be joint and several. Any Borrower whu casigns this Secur�ry ,;;
<br /> Instrument but does not execute the Note: (a)is casignin�this Securiry Instrument only to mortgoge,�rant and convey that •
<br /> Horrower's interest in the Property under the terms of this Security lnsuument; (b)is not personally obligated to pay the sums �
<br /> �� secured by this 5ecurity Instrument;und(c)agrees thut Lender und any other Horrower may agree tn extend,modify.forbear `
<br /> � or muke any accommodudons with regatd to the tem►s of this Securlty Instrumenc or the Note wfthout that Borrower's ` �
<br /> consen�
<br /> !3. !�n Ct�arg� If ihP loan+�cum�i by thi!�Security Inswment is subject to n luw which seu maximum loan
<br /> ,� charges,artd thet law is finally interpreted so that the interest or other losut chntges colle�:ted or to be collected in connection
<br /> '�;, ' with the loan exceed the permitted limits,then: (a)any such loun charge shall be reduced by the nmount necessary to rcduce ,�,
<br /> the churge to the pertnItted limi�and tb)uny sums ulready coUected from Borrower which exceeded permitted limits will be •��,�-.
<br /> refunded to Borrower. Lender may choose to ms�!!ce this refund by reducing the principal owed under the Note or by making a
<br /> dioect payment to Boaower. If n refund reduces ptincipul,the reduction will be treated us u partiul prepayment without cuiy
<br /> pnepayment char�e under the Note. ,
<br /> 14. Notices. Any notIce to Bonrower pro�•ided for in thts Security Instrument shull be �iven by delivering tt or by
<br /> mailing it by fust class maii unless upplicable lew requires use of unother method.The notice shall be directed to the Property
<br /> Address or any other address 8orrower designat�s by notice to Lender. Any notice co Lender sball be given by first cluss
<br /> mai!to Lender�s uddre�s stated herein or any other address I.ender designates by notice to Borrower. My nouce provided for �
<br /> tn this Securlty Instrument shull be deemed to huve been given to Borrower or Lender when given as provided in this '
<br /> Pari+BraPh.
<br /> 15. Governing Law; Severability. This Security Instrument shnli be govemed by federal law and the law of the �
<br /> jurisdiction in which the Property is locnted. In the event thut any provision or clause of this Security Instrument or the Note ''
<br /> ' . • confltcts wlth applicable law,such conflict shall not nffect other provisions of this Security instrument or the Note which cAn
<br /> � ��� be�iven effect without the contltcting provision. 1b this end the provisions of this Security Intitrument and the Note ane
<br /> �-�'�- ' declat�ed to be severable. �
<br /> ��' 16. Borrower's Copy. Borrower shall be gtven one conformed copy of the Note and of this Security Instrument. ``
<br /> ':����?� 17. 'MmsPer ot the Pmperty or a Benetictai Interest in Borrower. If all or any part of the Property or uny interest in
<br /> :^, :r�'.�� tt is sold or transfetred(or If u beneficial interest in Borrower is sold or mmsferred :md Borrower is not n natural person)
<br /> ..-�� . without Lender�prior written conrent,Lender may,at its option,mquire immedinte payment in full of ull sums secured by
<br /> �". ' this Security Iasuument. However,this opdon shall not be exercised by[.ender if exercise is prohibited by federal lAw as of ,
<br /> � ���'� ; the date of tlus Securi Instrument.
<br /> ':�Y ' If Lender exenistes this opdon,Lender shall giva Borrower notice of acceleradon. The notice shall provide u period of
<br /> .�.,.:�:��••
<br /> � ��- : not(ess thun 30 days from the dute the nodce is delivered or mailed wlthin which Borrower must pay all sums secured by this
<br /> .,•c Security Insuument If Borrower fnils to pay these sums pdor to the expiration of this period. Lender may invoke nny
<br /> � ��1'.'' remedtes permltted by thls Security Insuvment without t'urther notice or demand on Botrower.
<br /> '. � lg. Borrower's Rfght to Refnstate. If Borrower meets certain conditions, Borrower shall have the right to liave �
<br /> ^�.�:�:'^� enforcement of this Security Insuument discontinued at uny tlme prior to the earlier of: (a)5 days(or such other period as
<br /> �..
<br /> ���,��j�ji�R�` . Stngle Famlly••Fannle M�e/FYeddte Mnc IlNIFORM INSTRUMF.iVT--Unfform Coven�nts 9/90 (paRt4 ajA paRes)
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