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<br /> E'tU�4�l'3diP�,3l0ii 41P lil;�Cf f:i{;IIiG�Ol.111y!7',it��lif i1i:;{��t:�;"�iy.(SP�Ui C(S,i�':iy.';:::.:GI�i:;lS Uf�:Oill!::i�{H:-�t:t:i,i::�:I:....�.y�� ..�..C:�L':i� M.y��..,,_
<br /> st�alt Iw��.+id tc+1.cnuar.�
<br /> !�i ti�c c��r.i�t�..f n tmnl takin�r ��f th� 1'��o{�Gyty, ilte prcx;cc�3s ,it:d! ix. applied $o tlec samti seri;re�t hy tlii�y Secarlry
<br /> In.r�rument,whethtc•or not thrn�jue, wilh any cxccss paid Ro Norruw4t. In thc evcnt of u p:�rtial[ake��g i�f Il�c I�iuj►ctly i�t
<br /> v�hich�h�Pnir marN,:t vi�lue nf the Pr��perry immediately Fxfa��Ihe taking is equal to or grenter tlian tlee nm�wnl uf the sumc
<br /> sGCUreo ny ti�is Se�i���cy iu,���ua.��t b+o��+.dt�:.l�h_for�t!st•t��in�,��n1a�s Rnrruwcr ni��l f.�ndcr uthcr�lisc cs�;rce in �sriNu�. =--
<br /> Q�e�um.r• xrared by this Security In'sirument shall be t�edaced by ihe umount o6 the procecds multipfied by tttc following
<br /> f'r,►ctian: Zu)thc total t:n�ount oi'ths sums secwccD immediutely bcfoce the takin�,divided by(b)the fair market vafue ef thc
<br /> k'rope�ty immed.iatniy befa-c ihe taking. Any bslance shall be paid to Lorcawer. In thc event of u panial tukiu�of the
<br /> Pro�rty in which the fair�narkct vulue of the Pca�x:rty immediately before the taking is Iess�han th�nmount of the sums
<br /> sccured inunediateiy tk:forc the tnking, anless[iomowcr nnd I.cndcr otherwise ugree in writing or unlcss applicabte !nw
<br /> othcrwise provides,ihc prorecds sliall be appficd to the sums sccurcd by tl�is Sccurity Instn�ment whetl�er or not�he sums arc
<br /> then duc. "
<br /> If the Pm�ny is abancloned by Borrower,ar if,after notice by Lender to Bonnwer that the candcmnor offers ta make
<br /> an nward or settic n clnim for damages,�orrowcr fails to respond to Lcndcr within 30 days atter ths date thc notice is given, __
<br /> Lcndcr is authorized to collECt and apply the procceds,at its option,cither tu restomtion or m�+air of tlic Property or to the
<br /> sums secured by this 5eciuity lnstrument,whether or not then due.
<br /> Unless i.endee and Rorrower otherwise agree in w�iting,:my npplicatia�of proceed�to principal shall not extend or
<br /> postpane the due datc of tlic montlily payments rcFerred to in pamgr.iphs 1 and 2 or chango the amount of such paymcats.
<br /> li. Borrower Not Beles�scd; Farbeasance 13y Lender Not A Waiver. Extension of the time for paymcnt or
<br /> madiCcation of umortization of the sums se�_ured by this Securiry Instn�ment�nteJ by Leiider to ac�y succ�ssar io int�nest -
<br /> of Borrower shall not opr.r.►te to�lcase the liability of Qic arigi��al Barrower or Borrowcr's successo� in interest.Lender
<br /> shall noz be reyuired to commence proceedings ag:.inst 1ny successor in interesc or refuse to extend time for payment or
<br /> atherwise modify amcrtization of the sums secured by this Security Instrument by reason of any dema�id mAde by Q�e ori�inal
<br /> Sorcower or Borrower's successars in intec�est. Any forbearancc by Lender in exercising any right or rcmedy shall not be a
<br /> waiver of or precl�sde the exencise of:viy right or remedy. —_
<br /> 12. Successare and Asslgns Bound;Jolnt and Severel Liability;Co•sisners. The covcnanu and agrcements of this
<br /> Security Insnument shall bind mid benefit the successors and�.ssigns of Lender and Hurrower, subject to the provisions of
<br /> paragraph 17. Borrower!� covenants and agreements shall be joint and severil. Any Borrower who co-signs this Security
<br /> Instrument but doey not execute the Note: (a)is co-signing this Security Instrument only to more�age,grant and convey that
<br /> 8orrower's intcrost in the Property under the tertns of this Security lnstrument; (b)is not personally obligated to pay the sums
<br /> secured by this 3ecurity Instr�ment;and(c)agrees that Lcnder and.u�y other Borrower may agrce to extend,mndify,forUear __
<br /> �.���` .w=� �.ML.Sn��vlafinnc wi�h n:eard to the tcrtns of this Security Instrument o: the IJotc �vithout th�t Boaower�s
<br /> consent.
<br /> 13. Loan Ct�arges. (f the loan secured by this Security Insnvment is subject to a law which sets maximum loan
<br /> charges,and that law is finally interpreted so that the inten.st or other loan charges cnllected or to be collected in cunnection .
<br /> �vith the loan exceed the permitted limits,then: (a)any such loan charge shall be n:duced by the amount necessary to reduce _
<br /> the charge to the pertnined limit;and(b)any sums atrc:►dy collected from Bortowe:•Hhich exceeded pertnitted limits will be
<br /> mfunded to Borrower. Lcnder may choose to make this refund by reducing the principal owed under the Note or by malcing a
<br /> direct payment to Borrower. If a refund reduces principal,the reduction will be trcated as a partial prepayment�vitliout any
<br /> prepayment chc►rge under the Note.
<br /> 14. Ielotices. Any notice to BoROwer provided for in this Security Instrument shall be given by delivering it or by
<br /> mailing it by first class mail untess applicable Inw requires use of another method.Tlie notice shall be directed to the Property =--
<br /> �:.-:..._
<br /> Address or any other address Borrower designates by notice to I.ender. Any notice to Lender sl�all be given by first c nss �,_
<br /> mail ro Lcnder's address stated hcmin or any other nddmss L.ender dcsignates by notice to Borrowec Any notice provided for _
<br /> In this Sccurity Instrument shall be deemed to have bcen given to Borrower or Lender when given as provided in this
<br /> P�P�Ph• �"=--
<br /> 15. Coverning LatN; Severability. This Security Instrument shall be �ovemed by fedcral law :►nd the law of the �:;�
<br /> jurisdiction in which the Property is located. In the event that any provision or clausc of this Security Instrument or the Note !
<br /> conflicts with applicable law,such conflict shall not affect other provi,ions of this Security Instnrment or t}�c Note which can __
<br /> be�iven effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are
<br /> declared to bc sevemble. �'=
<br />-= 16. Borrower's Copy. Bortnw�cr shnll be given one conforn►ed copy of the Note and of Q�is 3ecurity Instrument, a-
<br />– 17. 7lransfer of tlte Pro�perty or u Beneficlal Interest in Borr�e�rsr. If all or any pan of the Property or any intcrest in �•__
<br /> it is sold or transfcrred(or if a beneficinl interest in Borrower is sold or transfcrnd and Borrower is not a ncjtur.►I pcnon) ;`_�
<br /> without Lender'.s prior written consent,Lende�may,nt its option,myuirc immediatc payment in full of all sums sccured by ..�w
<br /> this Securiry Instrument. However,this option shall not be exerciscd by Lendcr if excrcisc is prohibited by federal law as of --
<br />= the dute of this Security Instrument.
<br />-� If Lender excrcises this option,Lender shall give Borrower notice of ucccleration. The notice shall providc a period of
<br />= not Iess than 30 days frUm the date the notice is delivered or mailed within which Bornower must pay all sums securnd by this --
<br />= Securiry Instntment. IF Hotro�ver fails to pay these sums prior ro the expiration of this period, Lcnder may invoke:u�y .-,
<br />– � rcmedies perminad by this Security Instrument without further notice or dem:u�J on Bottawer. ;;';,t
<br />— 18. [�orrower's Ri�ht to Reinstate. If Banowcr meen rcrtain conditions. Borrowcr shall have the right to have ,;'.';t.;"
<br /> .:�. .
<br />'� enfForcement of thls Security Instrument discontinued at any time prior[v the earlier of: (a)5 ciays (or�uch other periai as �In.
<br /> - • Single R�mily--Fb�nle 117nc/(Ycddte I►tnc UNIFORM INSTRUMI:NT--Uniform Cuvcn.mts 9/90 (pux�'a��jb/kr�eesl
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