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<br /> .-_:-ir.�,F_Yil+ Ci;iu�ulul.�in�ll(:"C(:.�c:i�:l���L1�F�l i-'�y{:;if Gl��..:��n:j::rf���C���:,i�.....i\':.'y. � .,. :�Sf..lYi _. .. , .. �. . �U' . ' ._.i.-'-
<br /> �hall h�p�icl tn l.oncie:. �
<br /> Tn tt�e evr.nt ��f a rotai taking ��f the Pr���tr[y, tt►' prcur.eds xt,all be apptfeJ eu �ht sum� �ecam.� ?�r tihix tireurity
<br /> �r,ti�tnvnent,whe/het'cH�twl thers due.wiUt ar+y exctss}tuid tu ii�xKUwec In tt►�ou�nl uf u p+►rtiyl 7aL:iitig a4'thr.Rnpr.��y in
<br /> v�hiclt the fair msurkr.t valuc of tho Pnn+erty immaiiately beforc IFw t�icing iti ryual to nr gie�ter than t�he�urx�unt af tht Rumx
<br /> lr.�.w�+:i.y f�:i.:::�:.i..S:II*����!YLf!?'.'n�jm�r•r�lintwly h!�f�w_e thc takinr,ucilc�Qorruµ•er anc!I.cndel't11}iP.PW�CC agret lrt writinF,
<br /> tl�e suma secwed by�1►is Security inswmrnt aP��ll be reducaf by the amount of the�xoceeds muitipiied "oy inr i�+�•�w����
<br /> frxtion: (e)tt►c tcu,�l emount of 4he sum9 sccured immsdiattly bcfore the taking,divided by(b)the fair muket vdue uf tlrc
<br /> property �mmcdiatt)y tr_fore the taking. Any balence shali be paid to Borrowtr, in the event nf K partiul t�king�►f the
<br /> PnK�erty in which the fair market value ot the Pmperty immediatoly beforc the laking is le�s than tl►e amaunt of the suma
<br /> seeured i�nmediatdy bcforc the taking, unless Bbrrower and Lender oUxrwise a8rce in wriling or unless sppliea4lo iaw
<br /> ntherwice pcdvides,tlie groceeds shall Fre upplied to the sums secu�ed t�y thia Sccurity Instrument whet}►er or not t}�e sums uro
<br /> •--�=- = fixn a�.
<br /> If the if'nupe�ty is aband�td by Boaowcr,�r if,atter�wtice by Lender tu Burrowex that the condomnur aE►ers to makc
<br /> an uward or settle a claim for damages,Bon•ower fails to respoad to Lender wit2�in 30 days nt�er Ih�datc the no.ice is givcn,
<br /> L.cnder is authorized to collect�►�d npply d�e proce.°.ds,at its option,either to mstflr�ticx�or repair of the Property or ta the —
<br /> sum�sxaced by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrov�cr othenvisc agree in writcng,any agp�ication of prnceeds to princi}�al shall not cxtend or
<br /> postpone the due date of the�nanthiy payments referred to in paragraphs l and 2 or zha�ige the Amount of such payments.
<br /> 11. Qa�rower Not R�leased: For6ear�nce By Lcnder Not a� Wi�iver. Extension of the timc for payment or
<br /> — qr►aiification of amortization of the sums secured by this Secutity insUu�ncnt grant:d by Lender tv�ny S�ECe.c�o�in in[erest _ _
<br /> of Borrower shall not operats t�o nelease the liability of the originnl Borrower or Borrower's successors in interest.Lender
<br /> shall r,�t be requi.red to commence pnxxedin�s agninst any successor in interest or�fuse to extcnd timt fAr payment or
<br /> otherwisc modify amorti�.�don of thc sums secured by Uiis Secus�ry I�sstrument by oe:uan of any demand mnde by the uriginal __
<br /> Borrower or Horrower's succcssors in interest. Any forbearance Uy Lender in cxcrcising any right or remedy shall n�t be a
<br /> waiver of or pr�clud:.the excrcise of any right or remedy.
<br /> 12. Successors and Assigns Ramd;Joint and Severol Liability;Casigners. The cavenants and agreemenu of tt�is
<br /> Secu�•;ty Instrument shall bind and benefit the successor.;and assigns of I.ender and Borrower,subject tr�the provisions of
<br /> paragrngh 17. Horrower�covenants and ngreements shall be juint and several.Any Borra�ver wlio co-signs this Security
<br /> Instrument but does aot execute the Note: (a)is casigning this Security Instrument only to murtba$e,gant and convey triat
<br /> Borrower�s interest in the Property undcr thc terms of this Securiry Instrument; (b)is not personaUy obligated to pny the sums
<br /> secured by this Security Instcument:und(c)agrees that Lender and any oth2r Bo[rower may agree to extend,modiiFy,forbe:v
<br /> _� �.,��t� �ny acc.�mmodations with regard to the tertns of this Security Instrument or the Note without that Bon•ower's
<br /> conseni.
<br /> 43. I.oan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximusn lQan
<br /> _ - charges,and that!aw is finally interpreted so that the interest or uther loan charges collected or to be collected in canr�ecaan
<br /> with the loan exceed the permitted limus,then: (a)any such lonn charge shall be reduced t►y the zmount necessary to rerluce — _
<br /> the charge to the peimitted timir and(b)any sums already cofleeted from Barrower which exceeded pe►mitted limits will be
<br /> refundeci ro Borrower. Lendcr may choose to make this refund by reducing the principal otived under the Note or i�y making a
<br /> _-- direct paymcnt to Borrower. If a refund reduces principal,the reduction will be treateci as a partial prcpayment without any
<br />-=-__ prepayment charge undcr thc IYotc.
<br /> -- _ 14. NoNces. Any noticc to Borrower provided for in this Security Insuument shali bc given i�y delivcring it or by .,�_..
<br />_- mailing it by first class mail unless applicab(e taw requires use of anather mctti:,cl.The notice shnll be directed to the Property �:_=
<br /> ---- Address or any other�ddress Boaower designates by notice to Lendec Any notice to Lender shall be given by first class ��_Tu
<br /> ----= mail to Lenderh addr:.ss stated herein or uny other address Lender designates by notice to Borrower. Any notice provided for ��
<br /> in this Security [nswment shall be deemed to have bcen given ro Borrower or Lender when given as provided in this �„_
<br /> �::..
<br /> ara ra h
<br />--- �_�_.� p sIS Governi�sg Law; Severability. '1Chis Security lnstrument shn11 be gavemed by federal law and thc law of thc ��
<br />�...__-v a jurisdiction in which the Property is located. In the event thst nny provision or clause of this Security instrument or the Note W,;.
<br /> ----- conflicis�vith applicable law,such conflict shall not affect other provisions of this Securiry Instniment or the Note which can -' ��:
<br /> -_ _ be�iven effect without the contlicting provision. To this end the provisions of this Securiry Instrument and the Note are �,;�:
<br /> �� decl;ued ta be severable. Y
<br />-��i,��:;^•� 16. Borrower's Copy. Buirower shall be given one conformed copy of the Note nnd of this Security Instrument. . .
<br /> -==�'`��'° 17. 'il�ansfer af the Property or u Beneficial Interest in Burrower. If all or any part of the Propcny or any interest in
<br /> :;=--::;r�..
<br /> ''�_;�:�.. it is sold or transfcrred(or iF a b�neficial intcrest in Borro�vcr is sold or uansferred and Borrowcr is not a natural person)
<br /> �.�':-.�;. � without Lender�prior�vritten consent,L.ender may,at its option,require immediate payment in full of all s�ms secured by
<br /> 'x's::�`� this Securiiy Instrument. Howcver,this option shall not be excrciscd by Lender if exercise is prohibited by fcdcral law as of ,
<br /> � '°''`"�a the da!e of this Securiiy Instnement.
<br /> ""�'�' If Lender exercises this option.Lender shall give Borrower notice of acceleration. The notice shnll provide a Reriod of
<br />��•�wr;.,,:�',
<br />_•:�f�.: 'F� � not less than 30 days from the date the notice is dclivered or mailed within which Borrower must pay all sums securcd by this
<br />�`�� .�"'` SECUrity Instrument. If Borrowcr fails to pay these sums prior ro the expiration of this period, l..ender may invokc any
<br /> -'° - rcmedies permitted by chis Securiry Instnimcnt without further notice or demand on Borrowcr.
<br />""'^.��F'�''�'�• 18. Horrower's Right to Reinstate. If Borrower mects certain conditions. �urrower tihall havc thc right to havc
<br />_. 1�4•.
<br />. '';���,.�s�'� � enforcement of this Security[nstrument discontinued at any time prior to the earlier af: la)5 days(or such other period as
<br /> _�f:.?:::`�-- ,
<br /> :_+���.u„� Single Family-•FSwnk M1laclFlreddie Mac UNII'ORM INSTRUM1IENT--Unifortn Covcnants 9/90 fpage 4 oJ6 pag�sl
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