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<br /> c��ttd�ninatfa��ur uthcr�ci!cin�;uP u��y���ut a►f At::I'rliti.�iy,c�r fiij•cunvcyan�•c fki licu c�f cuudctnu,R�ic�ji,nr,:i�cr�b�i�•,�dt���,:�i unii � -
<br /> __ :'��:;,,t:•:::. �;hnll Ix:�iai+l tu I,c•ndcr,
<br /> _°N=�:.�T*�n,��;�r�' Iu tfie cvcut ai'n tot�d �nking ui'thc Nro{m�iy, �l�c prcicceds s6rll bc nppllcd ta tl�w fiuris nccurcd by thiv Sccurity �
<br /> ��'�.`'_.:.-*N».�. InSteumcnt,wiicthc�r or t�oi thcn di�c, witt�o�►y cxcc�s paid tn 11��rro�vcr. In ti�c cvc;nt of n partin!tuking of tf►c t'�•u�krty in
<br /> _r_ _ whicli 1t��lidr markct vs►luo�if Il�c I'r«periy inuiicdintely lx�f'u��:�ho tnking la cquul to or gr+cutcr lhun�he umoun!uf lt�c sums
<br /> - -" "_�°':J.'� sccurctl I�y Ihis S�curUy Inslrwncj�t 8ntmcdiaicly bc�Po��;thc wking,unlcs_;Dorrowcr mid Lciisicr cnhcrwisc n};rcc in wrUiu�;>
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<br /> --�- - U�c su�nr sccured by ihiH Sccurity Inssru�nent si�ull be��educcd by the nrinount of thc proceeJs�eiuidplfed by IfiC i'i�tl�wing
<br /> - ----- frnctian: (o)Ihc tninl nmaunt of�hc sums sccured immedi;�tcly befo��e ihe �nl�ing,divicicd by(b)th�.fnir markei value nf 1hc
<br /> �=rM�:� Prupcny irrancdintcly tticf�yrc Ihc tiiking, Any baluncc shnll ix; paid to I3onower. [n the evcnt uF n pnrtln! tuking of thc
<br /> -------_ -- Pru}►eny in which tha fair ntarkcY vuluo nf thc F�rop�,rty immediatcly bcfe�rc thc tnking is less than thG amount of thc s�am
<br /> - _-`-_�-�"-���^��� secui�d immedintely before tlic taking,unless Borxaw�r nnd Lender otfierwise agrce in writ3ng or Unless applicuble law
<br /> -`"�=''��,���� e�therwise providcs,Q�e pracecds shnll be.ippli�cd to Uic sums secur�d by tt�is aecarity[nstnimcnt whelher ox�nr�t the�ums tu�e
<br /> _"__°°..�s��ii� tlien duc.
<br /> -___�;�� If the Pra�xny is abindoncd by Horrower,ur if,atter n�ticc t�y Lcnder to Borr�wer ihat the con�icmnor affers to make
<br /> _�;_�.-aj�r;4.� •in awnrd ar scnlc a cluirn ior dumi�gcs,Bo�rower fails to respnnd to Lender�ndthin 30 days aftcr the dutc tho notic�is given,
<br /> ,...;-�a;u�c�;`,'�� l.ender is aothorized to collect nnd apply the pracee�s,nt its option,eiihet to restoration or repair of the Property or to the
<br /> =:_ri;,uey.:.._�_��;�,��,�; sums secured by this�ccuriry Instrument,whethcr ar not then due.
<br /> --=='°"•'`J�•`�°ic"s�t�,; Unless Lendcr and Rormwer otherwise agree in writing,nny application of pra:eeds to principal shall.not extend or
<br /> Tx�a,�,�y postpone the due dutQ of thc monthly payments refcrrcd to in paragraphs 1 and 2 or change the amuunt of s�,�ch payments.
<br /> ---_-_��;�� 11. Burrower Not Released; F'orbeArance Hy Lender Not a vVaiver. Extensi4n of tl►e timc for payment w
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<br /> _��,��;:�1;��_,;,� madification of ama;tiz:�don of thc aurns sccu.�d by this Sccurity[nstturrcn:grntc,d by Lcr,dc:ta a;�y sa�a °a:ir,in:c�::
<br /> °°4h��==�_"'Tt of Borro�ver sGall not operace to rclease the liability of thc original Borrower or fEorrower�s�ccessors in i�...:rest. l.endcr
<br /> ..�d6I�+p��Y�_—
<br />_=y.:�,�-t:��;,-.��- sh:+ll not be mqui�ed to commence proceedings ngainst nny suc�es�or in interest or rcfuse to extend time fbr paymem cx
<br />__: ..s. otherwise modify amortization of the sums Eecurcd by this Security Instrurs�ent by reason of any demnnJ made by t}�e originaD
<br /> --" `''��" • 8orrower or Borrowerk successor�in intei�est. Any forbearancc 6y Lend�r i��cxercising any�riglu or remedy shall r�ot be a
<br /> -_�'��.",".^`:�"�'��.'' wniver of or prcclude thc cxercisc of any right ar rcmcdy.
<br />�.;:.����r;�' l2. Successors�ntl A�sslgns BounB;Join4 a�d Several Ltabflity;Caslgners. The covenants nn�ag►vanents of this
<br /> -�`�°�'�'3''��� Security Instrument shall bind and benafit the successors and assigns of I.ender and Bo►mwer,subject ta the grovisions of
<br />''"�'�^^'�'.;�""�'�,�-: .i paragraph l7. Dorrower's covenants and agreemenu shali be joint and sercral. Any Boirower who casigns this Saurity
<br /> � _`'�� � �;h, . Instnunent bui does not execute the Note: (a)is co-signing this Security Instrument only to mortgage,e,rant arid convey thut
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<br /> � � . + ; ,a Horrowers interest in the Propeny undertlia terms of this Security Inst�ument; (b)is not personnlly obliguted to pay ihe sums
<br />-•,�:�iA-�'��. , securcd by this Securiry Instrumcnt;and(c)ng�ees that Lender and any othcr 8orrowcr may ngree to extend,modify,forbear
<br /> �> or make uny accommodations with regarxi to the terms of this Security Instrument or the Note without that eornawer�
<br /> .r._�ti�:•:, �,�;�,:s, : conssnt. =-
<br /> 7'-•'��� � ` 13. Loan Churges. If the loan secured by this Security Instnimeni is subject to u Inw which sets maximum loan
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<br />-�=�r��`'�`""'`�": charges,and that!aw is finaUy interpreted so that the interest or other loan cha�bes collected or to be col[ected in connection
<br /> `` " with the loan exceed the pem»tted limics,then: (a)any such loan charge shall be reduced by the amount necessary to reciuce
<br />- .. • • the charge to the permitted limit;aad(b)any sums alrendy collected from Boirower which exceedcd permittecl limits witl bt
<br />�.•' , ' refunded to Borrower. Lender m�y choose ro make dhis refund by mducin�ihe principal owe.i under the Note or by making a
<br />-,�,.�i,.,;,��, , direct payment to Borrower. If a mfund reduces pr�ncipal,the reduction will be trcated as a partial prcpayment without any
<br /> •'��a�= r_..;.;,y.; prepayment charge under the Note.
<br />���r� 14. Notices. Auy notice to Borrower provided for in this Security Instrument shall be givCn by delivering it ox.by
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<br /> __ .�:,;,�,;;�>;;: .. mailing it by first dass mail unlcss applicable law requires use of nnott�cr mcthod.Thc noticc shall bc directed to thc Prope�ty
<br />- ••.�,i���� Addcess or any other address Bonnwer designares by nodce to Lender. Any nouce to Lender shaill he given by first class
<br /> ��•"���. ' ' mail to Lender s address stated herein or any oiher addmss Lender designatcs by notice to Bo�mwcr. Any notice provided for
<br /> '-�=?�=-.'=L��`�;' in this Cecurit [nstrument shnll be decmed to have been �ven to Borrowcr ar Lender when ivcn as rovided in this
<br />_�_�•---_�y.�r.r.,». . y 6� E� P
<br /> - _: ;- Paragmph.
<br />_ --•�-� •x-�,••�� � I5. Governing L�w; Severability. This Security Instrument shall be governed by fedeml Inw nnd the Inw oP tho
<br /> _ ��•+^�•�;>•• • judsdiction in which the Property is located. In the event thut any pmvision or clnuse oF this Securiry Insttument or the Nate
<br /> �.��� .� � conflicts with applicable law,nuch conFlict shall not nffcct other provisions of this Sccurity Insnument or the Note which rnn --
<br /> r,�,: ' " be given effect without the conflicting provision. To this end the provisians of this Securiry Instrument and the Note are
<br />`.' ';' decl:ued to be scverable. ---
<br /> ��'•�' 16. Iiorrower's Copy. Borrower shall be given one conformed copy of the Nate and of this Security Imtrument. `
<br />�'�'`�~ •� '��" ' �7. 7lransfer of the Prnperty or a Beneficlal InterPSt in Borrower. If all or any part of thc Property or any intcrest in rT=-
<br />`_�"• it is sold or transferred(or i�a bene4icial interest in Borro�ver is sold or transferred and Borrowcr is nvt a naturnl person) � ""
<br />�� � �`�� without Lenderl prior written consent.Lender may,at its option,reyuire immediate payment in fut(of all sums secured by ��'�
<br /> _y�, this Securiry Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by fedeml luw as of =
<br /> �� •• the date of this Security Instrument.
<br /> � If Lender exercises this option,Lender shall give Borrower notiee of aceeleration. Tlie natice shall provide a perioc]af '
<br /> �, . ., not lcss thtut 30 days ftom the datc the nutice is dclivered or mailed within which fiorcc�wcr must pay ull sums secured by a�is
<br /> •,• Sccurity [astrument. If Borrower foils to pay these sums prior to the expintion of this period, Lcnder may invoke any "
<br /> � rcmedics pertnitted by this Security Instrument without furtf►er notice or derna�id on Burrower. •
<br /> � 18. Borrower's Ro�t to Reinstate. if Borrower meets certain candir'ons, Borrower shall have the right to have
<br /> enforcement of this Security Instrument discontinued at any time prior to the carlier of: (a)5 days(or such other period as
<br /> Single F:unily--Fnnnle Mne/f5'eddle M1tac UNIrORM INSTRU11IiNT••Ilnifonn Coven:mts 9/90 fpuA+e 4 of 6 pu�esl �
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