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<br /> coitdcmnntinn pr athcr c:ilcing af uny part uf thc Froperty.or f��e canvcynnce in licu�f condemnaaion.cu��cr..by usslgited ancl
<br /> , �l�s4!t�p�lrl tn I emU:r.
<br /> I (n the cvGnt of n total taking af tha PeopeAy. tl�e pra�eds Rhall bo u�plied ta th� eunis �cu�d hy[h�s Sxurity
<br /> Instrument, wf►ethor ar not thcn duc. with nny cxcess paid to Bor�owcr, in thc cvcnt of a purtial tnking of tite Propeity iaa
<br /> which the fa6r tnnrket vuluo af ttee Propeny immedlately beforu the taking is cqual to ar grcater than d�a nmaunt of thc hums
<br /> sccurcd by this Secudtar Instrument immediutcly bcfore the taking.unless aorrawer and Lenser athcrwi�Hgrcc In writing.
<br /> the sums ncxured tay�iaib 5ccurUy tr�;.t�ument shnll tse reduced hy the nmount nf the�rrocccds muttiplled by d�o following
<br /> fractinn: (n)thr totd amount of tho sumH Recured immedtutely beforo the taking.divided by(b)the folr mar�Cet vatue of the
<br /> PropeRy immedlately bofara the taking. Any balance ahall ix�puid to Borrower. In tho event af n partinl taktng of the
<br /> properiy in which tha Sulr m�rket vnluo af the P�operty immediatc�y before the tut�ing ia less thmn the nmount of the aumx
<br /> secured Immediately before the taking, unteag 8orrower and Lend�r othcrwise ugrce in wrlting or unlcss applicuble law
<br /> atherwise provides.the proceals xhnll be applted to the sums secured by this Secudry Insaument whether or nat the su3ns are
<br /> then due.
<br /> If the Property Is ubnndo►ied by Dorrawer,or if.after notice by Lendcr to fiarrower thnt the candernnor offera to make
<br /> un award or settle a claim for dvmages,Aonower fnil�to respond to Lender wfthin 30 cluyx after ths dnte the notIce is given.
<br /> Lendcr iR authorized to collect and appiy the proceeds.nt its optlon,either ro restoratian or mpuir of the Property or to the
<br /> sama secured by thls Securlty Instrument,whether or not then duo.
<br /> Unless Lendec and Boaowet othenvise agree in writing.any appltcution af proceeds to pr�ncipal shal!not extend or
<br /> postpone the duc date of the monthly paymentx refer�ed to in paru6raphs 1 and 2 0�change the ismount of such payments.
<br /> 11. Borrower I�ot Relwisedt Forbearance By Lender Not u Welver. Extensian af the time for payment or
<br /> modificatIon of amatixatlon of the sums secured by this Secudry Instniment grunted by Lender to any successor in intereat
<br /> of Borrower shuli not operate to rcleuse the linbfllty af the originul Borrower ue Borrowcrk successors in lnterest.I.ender
<br /> shuli not be requtr+ed to commence procecdings against any successor in interest or refuse to extend time for payment or
<br /> • `- �� v otherwise modify amortizatlon of the sums secured by this Securlry Instrument by reaspn of any demand made by the oiigincil
<br /> � ��' '��A'��' Y°�� Sorrower or Borrower's successor�in interest. Any forbearnnce hy Lender in exerclsing uny dght ar remedy shall not be u
<br /> y.�.�;,:,,��. ,� waiver of or preclude the exercise of any r�ght or remedy.
<br /> t• �, , 12. Successors and Asstgas Bound;Joint and Severai Liabllity; Casi�ners. 7tie covenants and a$reemcnta of this
<br /> �. ,,,. .���'�`r� � Securlty Instrument shall bind and benefit the successorx and nsslgns of Lender und Borrower.subject to the pmvistons of
<br /> .,,�:� fr�c,��� paragmph 17. Borrower's covenants und ugreements shall be joint uad severul. Any Borcower who co•signs this Securlty
<br /> ;;n ,';-,:. , , Instrument but does not oxecute the Note: (u)is cast�ning this Security Insnument only to mortgAge,grant sutd convey that
<br /> • ,n�r�,�`;��Y'� Borrower's interest in the Property under the terms of this Security Insaumenr, (b)is not personally oWlgated to pay the sums
<br /> �?�,�'�"�'�::'-���.:�''� �4. secured by this Security Insuument;and(c)agrees that Lender and nny other Borrower may ogt�ee to extend.modify,forbear
<br /> r'"'�'-'.''�� '���•�j'� or make an accomtnodatlons wtth re ard to the terms of this Security Insuument or the Note without diat Boetawer's
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<br /> ',.' .�•t:,. :•i-, �..• • .. 13. L.oa�Charges. If the loan secumd by this Security Instrument is subject to a tnw which seis maxium�ii tasi+
<br /> '`{.�' char es,and that law is finall mte reted so thnt the intemst or other loan char�es collected or to be coUected in connecdon
<br /> sY>..;�,�`, g Y �P
<br /> �.,f,• with the loan exceed the permitted limiu,then: (a)any such loan charge shull be reduced by the amount necessary to reduce
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<br /> ;�,;�...;. •. the chnrge to the pecmined limlt;and(b)nny sums already collected fmm Borrower which exceeded permitted limits will be
<br /> • • • refunded to Bortower. Lender may choose to malce this refund by reducln�the principal owed under the Note or by making n �.
<br /> �`�,• direct payment to Borrower. If a refund reduces principal,the reduction will be treated as a parttul prepayment without any "��*
<br /> "�'� , re a ment char e under the Note. �
<br /> ;;w,r,::�',:;.:. �.,,. ,.� P P Y � 4'���:
<br /> ;.;i , .:� '. . . t. 14. Not[ees. My nodce to Borrower provided for tn this Security Insuument shall be stven by delivering it or by .,,,�
<br /> .,��,;�:w , ��;�`;r� mailIng it by first class mall unless applicable law requires use of another method.The notice shull be directed to the PropeRy . •_
<br /> „ .;„_•-;�� � Address or any other address Bonower designates by notice to L.ender. Any nodce to Lender shall be given by fitst class �4
<br /> mail to Lender�s address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for �.�,
<br /> w,�j�.°-,�,. ,, in thts SecurIty Ioswment shal!be deemed to have been given to Borrower or Lender when �iven as provided in ti�is
<br /> :,;s�...,�;,.. ., :�..k<
<br /> .�y,,::-,, . . .... paragraph.
<br /> ,,,_,,,_,.,,� . .. 15. Governing Law; Severabittty. This Security lnstrument shall be gov�med by federal law and the Iaw of the
<br /> •.„•,•h�ti...• jurisdiction in which the Property is located. In the event thut nny provision or clause of this Security Instrument or the Note
<br /> • ���! conflicts with applicable law,such conflict shall not affect other provisions of this Securiry Inswment or the Note which can
<br /> ••:'�;'� .. " be�iven effect without the conflicting provistan. To this end the provisions of this Security Insuument and the Note are
<br /> � dertared to be sevemble.
<br /> 16. Borrower's Copy. Bo�rower shall be glven one confortned copy of the Note nnd of this Security Inswment.
<br /> • 17. ltansfer of the Property or a Benetictal Interest in Borrower. Tf al l or sny part af the Property or any interest In ..
<br /> .�,��:� ` ' it Is sold or transferted(or if n beneficial interest in Borrower is sotd or trensferred and Borrower is not a nutural person)
<br /> �«�•� ' � ' without Lender�s pcior written consent,Lender may,at its option.rcyi�ire immediate payment in full of all sums secured by
<br /> ° this Secwiry Instrument. However.this option sball not be exercised by Lender if exercise is prohibited by federal law as of
<br /> `�'���.};�;-'�� i the datc of this Security Inswment.
<br /> "'' '��- ' ff Lender exercises this option.Lender shail�ive Borrower notice nf ucceleration. The notice shall prov[de u period of
<br /> ' �� not less than 30 dnys from the date the nodce is delivered or mailed within which Borrower must pay all sums secured by this
<br /> ��. ` ..
<br /> �- .:. • •,:�:� ' Securiry InstrumenG If Bonower fails to pay these sums prior to the expiration of this period. 1.ender may invoke any
<br /> remedies permltted by this Security Instrument without further notice or demand on Borrower.
<br /> " , 18. Borrower's Right to Reinstate. If Borrower meets certain wndittons, Borrower shall have the right to have
<br /> .�`�; ,. • enforcement of this Security InsUUment discontinu:d at any ttme prior to the earlier of: (a)5 days(or such other period as
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<br /> ��� , ;� Singie Fami�y••Fl�nnte MadFl+edd[e Mne UNIFORM INb'TRUMFNT--Uniform Covenmts 9/90 (paRe 4 njb pageal
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