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<br /> cAndemnntion or�xhcr tn'r,ing af any purt oF ttte Property�ar fur convaynncc In Iicu af condcM atlon,nrra h�creby asslgnul ancl
<br /> ehall bo paid tc►L.ende r.
<br /> Ia tho event of ca tatal tWcing of the Propert�r,the praceeds sha11 be appUed ro the sum� serorGd by thls Seeurtty
<br /> Instrumcnt.whethet or nat then due,with any excesa paid to Borrower. in the�vene af a pnrtinl tuking af!ho Propctty in
<br /> whtch the Cair mndcet vQu�:of the Pmperiy immedtately befare the t�k3rtg ix equat to or geuter than the amount of tho sums
<br /> sccarcd by this Stcvrity TnStcumcnt immediAtcly 8cfot�e thc taking,unless Donbwer and Lendrr othcrwf�se agrce in wridng,
<br /> the suma tiecure0 Ey this Securiry tnauument shufl be reduced by�i�urrww�t uf�h�pPUCCCds muldpiteti by tk�faUa�ving
<br /> fract�on; (a)tho total amount of the sums necured immediaaly befort the talcing,divIded by(b)the fair madcei value of thc
<br /> Property lmmediutely bcforc the tuki»g. Any bulans.�ehult i�c puid to Borrower. L► the event of A partlul takIng of the
<br /> Property in whtch the tafx muricet valu�of tha Property lmmediately beforc the taking ia lcss thnn the nmaunt oP the sums
<br /> securcd immediatcly befvro the taking.unless Bormwer und Lender otherwl�e agrec ua wriUng or un(ess opplicable law
<br /> otherwise provtdes,the prnceeds shall bo uppl�ed to the sums securrd by this Security Insttument whether or not the sums are
<br /> then due.
<br /> If the Praperty Is nbandoned by Harrower.or if,after natice by Lender to 8urrower d�at the condQmnar offcrs to make
<br /> un uwnrd or rettle n clalm for dumages.Bonawer fatls to respond!o Lender witdtn 3Q days after the date the notice Is givcn,
<br /> Lender is authorized to collect and apply the proceeds.nt its opdon,either ta restorntion or repair of the Praperty or to the
<br /> suma secur+ed by this Sauriry Instrumen�whether or not then due.
<br /> Unless L.ender and Bo�rower atherwise agree tn writIng,any application of proceeds to pr3nc[pal shall not extend or
<br /> poytpone tlee due date of the monthly payments cefrrt+od to in parn�raphs 1 und 2 or change the amount of such payment�.
<br /> t1, Borro�ver Not Released; Forbe�rana By I.ender Not a Waiver. Eztenston of the time for paymcau or
<br /> rnodifecnsion uf o�noYtizntion of�he xum.q serumd by this Secudty Insuument grartted by i.ender to any successar in irrter�est
<br /> of Borrower shall not operute to release the Uability of the orlginaf Borrower or Bom�wer�s successor� in interest. Leadar
<br /> shali not be nequircd to commen�e praceedings ugninst sir►y successor in interest or nefuse to extend tlme for payment or
<br /> oihenvfse modify amortizadon of the sums secured by this Security Instrument by neason of any demand mude by the arlginal
<br /> E�orrower ar Bormwerh successois ip interes� Any forbeurunce by Lender in exercisin�any right or remedy shuU not be a
<br /> waiver of or preclude the exercise of any right or mmedy.
<br /> l�. Su�assors and/esslgns Bound;Jofnt and Se�erol Ltabillty;Co-signers. The covenants and a�reements of thIs ,,
<br /> Security Insaument shall biad and benetit the successors artd ussigns of Lender and Bomower.subject to the pmvisions of
<br /> parugraph LT. Borrower�covenunts ated agreements shal!be joint und several.My Borrow�r who co-si�ns this Securiry
<br /> lnstrument but daes na execute the Note: (A)is casjgnin�this Securiry Insuument only to mortgage.gant und convey that
<br /> Bormwer's interest in the Property under the tem�s of this Security Instcument; (b)is not personally obliguted to pay the swns
<br /> secuied by this Securiry Inst�ument;und(c)ngrees that Lender and any otiier Borrower mny ngree to extend,modify.forbear
<br /> or make uny nccommodadons with re�ard to the temts of thIs Security Instntment or the Note wjthout that Bonower�s
<br /> consenG
<br /> 13. Loan Cha�es. If the loan secured by this Security Instrument is subject to a law whlch sets maximum loan
<br /> charges,sind that Inw is tinully intetpreted so that the interest or other loan chargos callected or to be collccted{n cor�nection
<br /> with the loan eaceed the permitted ltmits.then: (a)uny such loan chnrge shall be reduced by the amount necessary to reduce
<br /> the charge to the pemutted limit;and(b)�u►y sums alre�dy collected from Boirower which exceeded pemnitted limits wtil be
<br /> i+efunded tp Bomower.Lender may choose to mfilce tMs refund by reducing the principal owed under the Note or by making a
<br /> direct p�ayment to Borrower. If n refund�educes priacIpal.the reduction will be treated as a partial p�epayment witltaut any
<br /> prepayment charge umder the Note.
<br /> 14. Not#�s. Any notice to Borrower provided for in this Securiry Insmiment shull be given by delivering it or by
<br /> rrtailing it 6y fiist cinss mull unless appltcable!nw tec{uires use of another method.'Rio notice shall be directed to the Propecty
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<br /> Addt�ss or uny other address Bomower desigctntcs by natice to Lender. Any norice to Lender shall be given by first class `�,
<br /> mail to Lender a address stated hecein or any other address I.ender designates by notice to Borrower. Any notice provided for -.::
<br /> in this Securiry Instrument shull be deemed to hnve bcen given to Borrower or l.ender when �iven as provIded tn this ,.r
<br /> ��lg Governtog Law;Severabit[ty. 'Ittis Securiry lnstntment shall be govemed by federal law artd the law of the y
<br /> jurisdiction in wltich the Property is located. In the event thxt any provision or clause of this Security Insuvment or the Note • ��'
<br /> conflicts with epplica6le law.such confltct shalt not�t'f'ect other pmvisions of this Securiry Inswment or the Note which can
<br /> beg�ven effect without tt�e conflicting pmvision. 'Ib thi�end the provisions of this Security Instrument and the Note ate
<br /> declared to be seversble. •
<br /> 16, Sorro�er's Copy. Bomower shall be given one conformed rnpy of the Note and of this Security Inswment. �.,
<br /> �t'�` 17. 'I�ansfer�tlhe Pmperty or a Beneficlal Interest in Borrower. If all or any part of the Property or any interest In •
<br /> it is sold or uansferred(or if n beneficial interest in Borrower is sold or transfemed and Borrowsr is not a natural pecson) f i''+
<br /> without L.ender's prior written consent,Lender may,at its option.require immediate payment in full of all sums secured by f,::•��
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<br /> this Security[nstrumenG However.th[s option shall not be eaercised by Lender if exercise is prohibtted by fedecal law as of
<br /> .�;.,_- the date of this�ecuriry Insaument
<br /> •}s� If Lenderexeccises this opdon,L.ender shall give Bornower nodce of acceleration. The norice shall provide a period of
<br /> '�" ' not�e,cs than 30 days from the date the norice is delivered or mailed within which Borrower must pay ap sums secured by this
<br /> ,�N Security Instnimen� lf Bomower fails to pay these sums prior to the expiradon of this period.Lender may invoke any
<br /> . temedies peanitted by lhis Security Instn►ment without further rtotice or demand on Borrower. ;,
<br /> lg, IbrroWer's Right to Retnstate. If Bomower meets cectaln wndi6ons.Borrower shnU have the right to have
<br /> �� enforrement of thts Security Inrnument disoontinued at any nme prior to the eadier of: (u)5 days(or such other period as
<br /> ;�f'���,
<br /> - Stngle Fam[ly»F1ank 11tttlFYeddk Mac UIQIFORbf INS7'Ri1MENT--Unifom►Coreavus 9/90 (poRe 4 oJb paRe.r)
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