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<br /> � condemnntian or other tnking of a+ty p:ut of the PropeRy�or far sonveynncz in Iteu of condemnntion, nre�tercby a.gslgned and
<br /> sAall be paid to l.ender.
<br /> 10 the evt�t of a tatal tnking af Ihe Property.the proceeds shAll be applied to [he sume r.c:cured by this Sccerity
<br /> Instrument.whether or not then due, wlti�uny excese pn[d tu Bor�owcr, In the ovent of a partial tuking oY the Praperty in
<br /> which the fa3r mazket vr�ue of tho Prapeity immedIately before the taking is eyuai to or oeatet thm� the amount of the sums
<br /> e.xurcd by thts Security Insnument fmmedistely befim t1�e taktng,unless Bomownr�I.ender ahenviso ug�ee it+wdting.
<br /> tho sums secured by this Sa:udty lnnaumcnt shall be reduccd by the emount of tho pnx;eda multiplied by tha following
<br /> fraction: (a)ti►e tota{e�iiount of tl�e sunis�curcd'unn�c�Iutcly t�.fon; tde calcic►S.dividcd by(b) th: fair mnr�cet vatue of the
<br /> properay immedfacely befon the taking. My balance�fiali be p�id w Bamwer. In the event of a partis+l toking of the
<br /> Property in which the fair mwket vnluo of the Property immediutely befon the taking is lers than tho cuaount of the sums
<br /> secut�ed Immediately before the tnking,unless Borrower and l.ender othetwise agtee in wr�ting or unles.ti appUcable luw
<br /> o�tenvise p�vides,the p�s shall ba applied to the sums secund ay tlus Security Tnsuument whether or ctot tho sums at�
<br /> then due.
<br /> If the Froperty ie abandoned by Borrower.or if�ufter aotIce by Lender to Sorrawer thut the condemnor offer.�ta mnke
<br /> an award or cettte a claim for damuges,Horrower fails w respond to Lender within 30 days nftcr the dute the notIce is g�ren,
<br /> Lender ia awhorized ro callect sutd appIy the proceeds,at its option,either to restorntion or repair c�f the Property or to the
<br /> sums secured by this Secur(ty Instrument,whether or not then due.
<br /> Unl�s Lender and Borrower othecwise ugree in wddng,uny applicadon of proceeds to principal ahall not extend or
<br /> postpone the due date af the monthly puyments nfemad to in ptua�raphs!and 2 or change the acrtount of such payments.
<br /> !1. Borrower Not Rele�sed; Forbwrante By Lender Not a Wutver. Extenslon of the time for payment or
<br /> modlficadon of arttortizntIdn of the sums secured by this Security Insuument grnnted by Lender to any successor in interest
<br /> �f 8arrower shall not operate to nelease the IiabUlty of the origtnal Borrower or Borrowerb successors in interest. Lender
<br /> shali not Ise ui�ed to commence ptoceedings ageinst any successor in interest or tefuse to eztend time for payment or
<br /> atherwise mod�ity amortizatlon of the sums serured by thfs Secuciry[nsmunent by reason of any demand made by the original
<br /> Bomnwer m Boirower's successors in InteresG Any forbearance by Lender in exercising uny dght vr remedy shall not be a
<br /> waiver of or pre.clude tlte exercise of i+ny dght or remedy.
<br /> 12. Successors attd Asstgc�s l�ound;Jolnt artd Several Uabi�ity;Co-signers. 'fhe covenants and u$reements of this
<br /> Security Insuument shaU bind and henefit the suc�:essors nnd assigns of Lender and Borrower. subject to the pmvislans of
<br /> pamgrnph l7. Bomower�s covertantx and usreement�shaU be joent and severat.Any Botrower who co-signs this Security
<br /> insaument but does not execute the Note: (n)is casigning this Securiry Insuument only to mort�nge,grant t+nd convey that
<br /> Borrawer�s interest in the Property under the terms of this Securiry Instiument; (b)ts not personall��obligated to pay the sums
<br /> secured by this Security Ir�strument;and(c)agnees that Lender and eny other Bomower may agree to extend.modify.fotbear
<br /> or make any accommodstttons with regw'd to the tertns of this Security lnsuument or the Note without thut Borrowee�s
<br /> consent
<br /> 43. l.aan�lsas�. If the lo�n secuc�ec! by shis S�urity Instr�ment is *��hjec�t�n Iaw which sets maximum loan
<br /> charges,artd that law is finally interpreted so that the interest or other loan churges collected or to be collected in connecdon
<br /> wlth the loan exceed the pemnitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce
<br /> the charge to the peanitted limir und(b)uny sums nlready callected faum Borrower whtch exceededpermitted limits wiA be
<br /> nfunded to Borrower. Lender may choose to make this refund by nducing the principnl owed under the Nate or by making a
<br /> ,a: ,��„'• direct payment to Bomower. If u refund reduces principAl,the reduction will be treuted as u partial prepayment without any ;
<br /> s° � �" prepayment chsuge under the Note. °`
<br /> ���i' 14. Notices. Any notice so Boaower provided for in this Securiry Instrument shall be�iven by deltvering it or by ,.,;
<br /> c� mailing it by first class mail unless applicable 1aw requi�+es use of unother methad.The notIce shnU be directed to the Propecty
<br /> Add�ss or nny other sddress Borrower designates hy notice to Lender. Any notice to Lender shu31 be given by fitst cit►ss •��~^
<br /> mail to Lender�uddmss stated herein or any other address Lender designates by notice to Borrower. Any notice prov[ded for ��
<br /> in ihis Srxurity Instcument shalt be deemed to have been �iven to 8orrower or Lender when given as provided in this '
<br /> ra h
<br /> �1S Governing Law;Severabiltty. This Security Insuument shall be sovemed by fede�i law nnd the law of the
<br /> judsdicdon in which the Propeity is located. In the event that any provision or clause of this Security Insuument or the Note
<br /> conflicts with applicable law.such confltct shall not uffect other pmvIstons of this Security Insuument or the Note which cnn
<br /> �`-• be givr,�t effect without the contlicting provision. 7b this end the provisions of this Security Instrument and the Note are
<br /> • • declar�ed to be severable. ��,-
<br /> '� 16. Bflrroaer's Copy. Botrower shaU be given one conformed copy of the Note and of this Securlty(nstrument. '�
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<br /> ����.:,s: 17. 1Fansfer of the I'roperty or a Beneticial Interest in Borcower. If all or i►ny psut of the Property or any tnterest In ��':�,
<br /> �•�:'"='`�'t� It is sold or uensfernd(or if a beneficiul intemst in Horrower is sold or transferred and Borrower is not a nutural person)
<br /> �.��� without Lender's prior written consent,Lender may,at its option.require immediate pnyment in full of all sums secured by
<br /> •n�x^x this Securiry Inauument. However.this option shnl!not be exercised by Lender if exercise is prahibited by federal Iaw as of
<br /> '��'?`�`.r'?.. the date of this Security Insm�ment.
<br /> ��``'+�-` If Lender exercises this option.Lender shall sive Barrower nodce of accelerarion. The notice shall provlde a period of
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<br /> '�'��r- � not less than 30 duys from the date the notice is delivered or meiled within which Bdrrower must pay all sums secured by this
<br /> LL,���. } _ Securiry Instrument. If Borrower fsiils to pay these sun�s prior to the expIration of this periad, Lender may invoke any °
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<br /> ,.�,;. � remedies peemitted by this Security Instrument without further notice ordemand on Borrower.
<br /> -w_,�c,;... ' 1& Borrower's Right to Reinstnte. If Borrower meets ce�uiin condltIons. Borrower shall have the right to have
<br /> �^•;;;�;� enforcement of thjs Securiry Inswment dtscontinued at any time prior ro the earlier ofl (a)S dnys(or such other period as
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<br /> 4�j�L.�;`w�° Single Family-FLna[e Mnd[Yeddie Msc UIYIQ�ORMINS'fRUMElV7'-UMfom�Covenmb 9�90 (page 4 oj6 pagesl ; �
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