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<br /> 401141.^,Illi2:lllllill{T({��ICY 9:��510(�Of��fl}!�1{i Q�u11C�liA�i::IZ�l�UZ �IIY Gl1iiVCy1!iltil�il��('ll Rli Cliil:t:iei�.i::ltt�-L i'�:;i:"I..���y i'- .{;'�'� �.� .
<br /> . �_�.r_. shall���aid er I.cudci.. _�___
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<br /> --���i-k:� lu tlic cvcnt of s� total taking of Nie �'roperty,th� {�nx:cc�is shsll bc applfect t�� Uic tiunu sccur�si E;y thi,i 4tc.tuit�
<br />�=��_��::;�;�'� In�t�vmen;.��►tciltcr ar not thei�due,with nny cxcess�aid to t�orrower. [n t3�e cvcnt of n�arint tukinb af tt�a IT�rnperty ir�
<br /> w{�ich thc fair market vulue�f�he I'�ropc��y inuneAiatcly Ix;forc tiic tcilcin�:s equal tu ur�ru.a:r than thc amount at'thc swr�s
<br /> ...���:--,_�;,x;:-;� sec�v�if hy�his 3ccud�y Intitrumcnt immediincly I�eforc Ine taking,unless 3orcower nnd I.ender oti►erwise sgree in writing• .
<br /> -- - ' ii�e tiuna�tiCLUi�d L•y tEii:;�ecuris}� i�nstn�m�nt�h�Tll 9�r_ rede!ce�i I�V the.imourit of'the pra:ecJs snu(itplicd by the[ollnwln�
<br /> fruction: (u)tho rotal iimount of the:sums secured immediately bet'�re�he u+king,devided by (G)the fair marce[vuiuc ui u�
<br /> --- = 1'mperty immediately tiefo��e the takin};. R.ny balance shull be paid to Harrower. In the cvent of a putiRl Wcirtg of the �•
<br /> �`� P��npeny in which th� falr markct valuc �f tih Fkoperty immediately beforc the►aki�g is less thnn the anwunt uf tt►e sums
<br /> —=-----= scc:urcd immedistely before the hiking, uniess Aorrower and Lender otherwis� ag�ee in writinb or unkss apjrliceble law
<br /> _: -- = otherwise ptovides,ti�e procecAs shull be npplied to the sums secu�ed by this Securiry Instrument whc.chra or not thc sums are
<br /> ___�.,;,� �hen due.
<br /> - ` -- lf thc P�-�perty is:+b:+iidoned by Borro�fer.or if,afier notfre hy[.ccnder ta Iiorrow�er that ihe condemnor offers to ruake =
<br /> � an award or scttle n claim for dnmages.Normwcr fails to rcspand to Lendcr within 30 duys atier tha date the notice is�{iven,
<br /> - Lender is uuthorized ro collect and.apply the proceeds.at its option,either to restoration or rcpa'v of thm Pn�seny or to th�e
<br /> -----�-_--' sums secured by this 5ecurity Instniment,whethcr or not thcn due.
<br /> -------_-- Unless Lcnder nnd Fio�rowcr otherwise ngrec in writing,any appiication of proceeds ta principal shall not extend or
<br /> ---- ,� postpone the duc date of Ihe monthly paymenu refcrrecl to in paragraphs(a�d 2 or cha�ige the amount of such paymtn�s.
<br /> ilo Borrowee Not Relea.se�f;Farbearance By Lcnder Not A Waiver. Eatension of thc timc for payr�xnt or _
<br /> modification of amortizatioi�of the sums secured by tk�is Sscu►ity Instrurnent granted by Lender to any suecessr�r�n intenest _
<br /> „- ___��,�;,� of Barrower shaU not operate to rele:ue the liability of the urigiuul Sa��owcr ar Borroti�:er'�511CitiSSi�*S!?! �!?te�r-«.i.�►K1er
<br /> �� "� shu;i not tx: required to commence proceedinss against any successu* in interest or refuse to extend timc for payment�x
<br /> ' `"" othenvisc modify amartimtion of the sums secured by this Security instrun2ant by reason of any dcma�d made tiy tha originxl
<br />"�'�'.-,�� Borrower or Borcawer's succes�ors in interc:st. Any fotbcarance by L.en��r in exercising any ri�h3 or zemedy shall nnt t+e n
<br /> wnivcr of or pmclude the exercise of any risht or re�necly
<br />���,�,;;,� lt. Successars a�d Assigns Bou�d; Joint and Several Liability;Casigners. The cavenunu and agreements of this
<br /> --_ — Security Inswment shaU bind and benefit the successors and assigns of Lender and Hoaower.subject to the provisions of
<br />_°��,--���*`� paragrnph 17. Bormwer�s covenan�s and agreements sl�all be joint nnd several. Any Barrower who casigns this Security
<br /> +��;°'� Instrument but does not execute the Not�: (A)is co-si�ning this Security Tnstrument onty to moetgage,grant and convey thae
<br /> �--�==� Bu�rowcr�interest in thc Peoperty undcr die tertns of this Securiry Instrument: (b)is not per�onslly obligated to pay�he sums
<br /> ��,R�:,-
<br />,;;K_,w. z-�.� secured by this Security Insuument:and(c)agrees that Lender and any other Borrower may agree to extend,modify,fo ar
<br />"�'-k`-~.'.�'�'� or ma{ce any aeeommodations with regard to the terms of this Securiry Instrument or the Note without that BorrowerS
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<br />_:�,:=�1::.�:t•:,` con.�n!. '
<br />�Ta�_�r��:•�r.'•`� 13. Loan Churges. If the loan seeured by this Security Instrument is subject to a iaw wiuci� �cis niunini�ii7f l�a;.
<br /> _�:,..?.'�l�,GS;,�rT��u
<br /> ,- ; charges.and thnt la�v is finally interyret�d so that thc intcrcst or other loan charges wllected or to be collected in connection
<br />��',n" � with the loan excecd the petmUted limits,then: (a)any xuch loan charge shall be reduced by the amount necessa�y to reduce
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<br />_%_;�,��•'�- ihe charge to the permitted limit;and(b)nny sums already collected trom Borrower which exceeded permitted limits will be
<br />=:,�;.�. +�.�:,- � refunded to Borsuwer. Lcnder may choose to make this reff�und by redacing the principal owed under the Note or by nr.i}:ing a
<br />'-`��{°�''-�-4��1•. direct payment to Bo�rower. If a re(und reduces principaIl.the reduction will be ueated as a partiul prepayment without any
<br />�`-`r"��=����i�.'', P�Payment charge under the Note.
<br />_;�;��_;t_;^;•'�-' " 14. Nottces. Any notice to Borrowcr provided for in this Seciirity Instrument shaU bc siven by dslivcring it or by
<br />- °�:�""�"`'` " mailins it by first class mail unless applicable l�:v requic�s use of:uiother method.The notice shall bc directed to the Property
<br /> �� � �� Address or any other address Borrower designates by notice to Lender. Any notice to Lender sball be geven by first class �-
<br /> :�.;::.,:v�..::_:.
<br /> -., ti'`�`�':° mail ro L,endcr�address stated hercin or any other addrcss Lcndcr designntes by notice to Bonower. Any noticc providcd for
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<br /> '�`��"''T" ';�. in this Sccurity Instrument shall bc deemed to have been given to Borrower or Lcndcr when given as provided in this
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<br />`���:�''�r!�°�;:" 15. Govecning Law; SevernbSlity. This Securiry Instrument shall be govemed by federal luw nnd the law of the
<br /> �c�;L�=:.�_ Jurisdiction in which thc Property is locatcd. In the event that any provision or clausc of this Securiry Inswment or thc Note E r-
<br />,.'?�"�;-"`' " �-'
<br /> ��: conflicts with applicable law,such cont�ict shall not nffect other provisions of this Security Instrument or the Note wl�ich can `,�
<br />_`������ be given effect without the conflictin� provision. To thes end the provisions of this Security Inswment und the Nate are .
<br /> - ' decltu�l to be seve�able. "'�
<br /> - '�'c'„ .
<br /> ' 16. Borrower's Copy. Borrower shull be given one cuniormed copy of the Note and of this 3ecurity Instrument.
<br /> �• �� � 17. 7Yansfer of the P�roperty or a ReneCc[ul lntersst in Borra��vPr. If all or any pan of ttie Property or any interest in
<br /> �I�•��� ,.;, it is sold or transferred(or if a beneficial intcrest in Borrower is sold or tr.+nsfem:d and BoROwer is not a natural person)
<br />' ' . . without Lender's prior�vrinen consent. Lender may,at its option,require immediate payment in full of all sums securcd by
<br />, ' !° this Security Instrument. How�ver,this option sha11 not be exercised by Lcnder if cxeirise is prohibited by federal law as of ,
<br /> � the date of this�Security Instrument.
<br /> �' `` If l.ender exercises this option,Lendc:r shall give Borrower notice of acceleration. The notice shall provide a period of
<br />''°t�` • not less tt►an 30 days from the date the noticc is delivercd or muiled within which Borcower must psy all sums securcd by this
<br /> �i�,}�_:•';,;•: _ Security Insteument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invake any
<br /> . . remedics permitted by this Security Inscmmcnt withoz��t fl�rther noticc or demand on Borrower.
<br /> '°�'`�'i. •�.' 13. Borrower's Rigl�3¢m Retn�tete. lf Borrower meets ccrtain cottditions, Bortowcr shall have the right to have
<br />�•����t��� • ��� enforcement of this Security Instrument d8scontinued at any time priot to the earlier of: (u)S days(or such other period as
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<br /> Singlc f:unily--Funnte Marl[5rdd3c Mac UN1F�Rt+A INSTRUMGNT-•Uni�orn�Cuvcnants 9/90 Ipuge 4 oj6 pugesl
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