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<br /> °—�-=---°�� coitQ�;m�ialioa or uthcr takin�c1f miy�pait of dic Fn:pci�y,��f•fa-r ca,�v�y,y�;.�i!�I�ci�nf c:�u�_r�u�;�.ti��:i..��:i:.�;:i��;:•.:.l,;a;...�i.,1 '�:,._..
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<br /> -----' tihall!a�:{�aid!o Lend:r.
<br /> ------� ru ti�e event of 1 totr�l Raking of d►o prolx;rty, tho �rcic�eds shali Ise a��plicd �r:�tl�c su�nv sc.curcd by �his Security ---
<br /> ' instrument,whethcr or not then Gue,with any exccss paid to liorrower. In the event of c.paniul taking of�lie rra�xety in
<br /> _---_--- �vhicli tt;c+fair market valti+c uf the I�•operty immedintely befare the taking is cyu�d to or greatez�han tho nmount of�hc sum�
<br /> _ -
<br /> ' secured by�his Securiry instn�ment icuujrJii{t�1y L•efuz�ti�c fal:lEig,ttulc�.:��or_ro�:'r���d I.en�ler otltr,rwiae n,n,rCC in w►�itinp,
<br /> ihe sums securod by this Sncurity Ins:cument shall be �duced by the amount c�f the procceds multiplied by tl�e fnlluwinb
<br /> fra�tion: (a)the tatal iunowit uf thc sums�ecurec!immedin.tely before the t+iking,divided by(b)►hc fair�narket value of the
<br /> prope�ey,immediately before the taking. Any bnluncc st;al{bo paid to 8orcower. ln the event cef a pa�vial taking of the
<br /> 1'roperty in which the fair murkct vulue of the Property immediQtely beforc tf�e tnking is less thun thc u�nount«F thc sums
<br /> secured immediutely bcfore [he takirtg, unle�s Elonower nnd Lender otherwese ugree in writing ur unless appli�ab4c law
<br />__ ______ _, otherwise provides,thc pracceds shall be applied eo the sams secured by Q�is Security Instrumcnt whetha�•or not the sums nrc
<br /> then due. �
<br /> If the Property is abu�doned by Horrawcr,or if,�ft�r notice by 1Lcndcr to Borrower that the condcmnor offcrs ro makc
<br /> �u�nward ar settle n claim for da�nages,Barrower fails to respond to Lender within 30 days:+fter the datc die notice is siven,
<br /> — Lend�r is nuthorized to collect nnd upply thc pmcecds,at its optlan,eitlier tu restoration or repair of tl�e 1'roperly or to tl�e
<br /> � snms secured by diis Security Inswment,whether or not then due.
<br /> Unless Lender and Honower otherwisc a�r�ce in writing, any applicntior�of procceds to pr[ncipal shall not ext�end or
<br /> ° postpone the due dat�of the monthly paynnents referred to in�aragraphs 1 and 2 ar change the nmount of such payments.
<br /> ---- lE. E�SroYVes Not ReleASed; Forbeurunce Dv Lender Not n VVaiver. Extcnsian af thc time for payment or
<br /> -- - mod3fic:�tion of amortization of the sums secured by this Security Instrument granted by Lene�er to viy succc�sue i�i late�zst -
<br /> of Borro�vcE shal!not operate tu release the liability of the original Bonower ar Borrowert successors in interest.Lenelcr
<br /> -_-°�_w�^�,�; shall not be required ta wmmence proccedings �gainst any successor in interest or c�efusc to extend time for payment or —
<br /> - --! othei�visc modify amonization of th$sums secui�ed by this Security Instrument by rcason of any demand made by the originul
<br /> --,:;.'; Barmwer or Bonower's successors in interes¢. Any forbearance by Lender In exercising any right or remedy shall nat be a
<br /> ----_-°--�'°�F�' waivr.r af or preclude the exerciso of any right or remcdy.
<br /> - -- 12. 9uccessors n�d Assigns Dound;Jofnt and Severul Llabiiity;Co-signers. The covenants and agreements af this
<br /> � Y �; Security Insuument shnU bind and benefit the successors and assigns of Lcnder nnd Aorrower,subject to the provisions af
<br />��'�'�'!°�"'!"��%�� par,igrnph 17. Borro��•er!s covenn�lts and agreements shall be joint nnd severaL Any Bonower who co-signs this 5ecurity
<br />:;,�,.:�;��,��� Instrument but does not execute the Nate: (u)is co•signing this Security Insuument only to mortguge,grant and convey that
<br /> �-���� Borrower's interest in the Property under the terms of this Securiry Instrumcnt; (b)is not personully ubligated to pay the surns
<br /> ..�.��.�:::a.
<br />-��;�„��.,���,� secured by this 5ecuriry Instrument;und(c)ngrees that Lender and any other Bo�TOwer may agree to extend,modify, or em
<br /> or make any accoui,iii.�ati:,rs�iil: regasY! :e»he:=rr.zs^f!!?'-s�ACUriry lnstrument or the Note without ttiat Bomower?s
<br />"'�="�=r"_`",�Q'�u-' consent.
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<br /> ,,,:,II�;.�,�-�;�� 13. Loun C6iarge�. If the loan secured by this Security Instrument is subject to a law which sets maximum oan
<br /> _�:.�"�?�;�,.��+,..'�'=b• I charges.and that law is final ly interpreted so that the interest or other loan charges collected or to be coliected in connection
<br />'���!'Y • Y S I with the loan exceed the permitted limiu,then: (a)viy sueh loan charge shall be reduced by the amount necessary to reduce
<br /> - �=.tv- the eharge to the perrnitted limit;and(b)any sums alrcady coliected from 13orrower whlch exceeded permitted limits will be
<br /> �- ��.;,•� v�, �
<br /> --_�;.� x.�"����� , refunded to Bonnwer. Lender may choose to make this rcfund by�redueing the principal owed under the Notc or by making a
<br />-�'• ''� dimct payment to BcROwer. If a refund reduces principal,the reduction will be tmatsd ns n partial prep�yment without any
<br />-`�� prepayment charge.und�r the Note. �
<br />'"������'�'-�_+-F�=�_"_�I 14. Noitces. Any notice to Borrowcr provided for in this Securify Instrument shall be given by dellvering it or by � `
<br /> ..,.Z�-^ 'L°".���'T. �{'-
<br />�,��;;,�A,. mailing it by first class maii unless�pplicable law requires use of another method.The notice shlll be directed to the Propeny �y_
<br /> --��� Address or any other nddress Burrower designaees by notice ta Lender. Any notice to Lender shall he given by first class �.
<br /> �:��t�r,�a.� �`��
<br /> - - --�.,. mail to Lender's address stated herein or any other addicss L.cndcr designatcs by notice to Borrower. Any natice provided for ��...!
<br />���`.��9"°='='�,� in this Security Instn�ment sliall be deemed to huve been given to Bnrrower or Lender when given as providcd in this �.:��_
<br /> .'i�._�:�'.;,:"�.� paragraph. '�:•
<br /> ����--=�=��-'�°�� 15. Governing La�r, Severabil[ty. This Security instrument shall be govcrned by federal law wid the law of the
<br /> '���� jurisdiction in which tlie Pmpeny is lacated. [n the event that any provision or clause of this Securiry Instrument or the Note
<br />':�'�?t`.�5.,'�`.':,:��. .
<br />--�„��_�,y�ti+. . conflicts with appli�uble law,such conflict shall not affect other provisiuns of this Security Instrument or the Note which can
<br /> ;.K;;;..�',,t°o'`�Q1�r.: be giv�n effect wiehuut d�e conflictin� provision. To this end the provisions of this Security instrumcnt and the Note are
<br /> �z�u:�•..:,..'�..�:�:: � declured to be severable.
<br /> J�-'�-s{.''�v�''� � t;� �. 16. Borrowe►°s Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> z°�---�f�:'�_:�_'''`':':.. 17. 1Ya�sfer of the Property nr a Bene�iclal Interest in Borrowcr. If all or any part of the Property or nny interest in
<br />_���:,_:.,_..
<br /> -`�-}�� --°' � � it is sold or transferrcd (or if a beneficial interest in Borrower is sold or transferted nnd Borrowcr is not a nntural person)
<br /> __ �.• „r ' : without Lender's prior written consent,Lender rnay,at its option,require immediate payment in full of ali sums secured by
<br /> �"�_�:ti�. • this Security Instrument. However,this option sUall not be excrcised by Lender if excrcise is prohibited by fcdcral law as of
<br />-�-== •`�- the date of this Securiry Instrumcnt.
<br /> -=M'��•�'r--��� � If Lender exercises this option,�ender shall give Bortower notice of accelention. The notice shall provide a period of
<br /> -_��" •�.�,,; ' ' not Iess than 30 days from the date the notice is delivered or mailed within which Borrow�er must pay all sums secured by this
<br /> �'�`-..•• =• � � Security Instrumcnt. If Borrower fails to pay thesc sums prior to the expiration of this period, Lender may invoke any
<br /> �'•�' remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />�<� •. YS. l3urrower's Rtght to Relnstute. If Borrower meets certain conditions, Borrower shall have the right to have
<br /> �:;'""�,�� ' , enforcement of this Security lnstrument discontinued at any time prior to the earlier of: (a)5 days(or such other period as
<br /> �. _ ,
<br /> - -- • � ' - Singlc Family--I•Lnnlc MndFYcddtc Mac UNII�ORM INSTRUbfENT••Unifortn Covcnants 9/90 l�ruke 4 of 6 pagrs)
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