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<br /> • ' condemnatian or othcr taking of any pnrt of thc P�•operty,or for conveymue in lieu of condemnution,nre hereby assigned auid
<br /> �• shall bc paid to Lcndcr. � ��
<br /> In the event of u tot:►I taking of thc Property,thc proceeds shall bc applicd to thc vums sccured by this Security
<br />��q• . lnstrument, whcther or not �hen due,with uny excess puid to Rorrower. In the event of u partial tnkin�;of tlic Property in �..'t"'
<br /> which thc fair market vnluc of th:F'ropcny immedintely beforc the tnking is equnl to or g�ater thue�ihe s�mount of the sums
<br /> �'��;:
<br /> � sccured 6y this Sccuriey Instrumcnt �mmcdintcly bcq�ure ll►c t.�king,unless Buituwcr und Lende►otitciwise ti�r�o in writing, �c1�,
<br /> •� � the sums secured by this Security Instrument tihall be reduced by�he umnunt of the pra:eeds muUiplied hy�hr following --
<br /> ., ' frnction: (a)the tatnl amount�f�hc sums ticcured immcdiaicly before�he taking,dividcd by(h)the Fnir mnrkct vc�luc of tl�c ".�'::
<br /> � Properiy imincdiatcly bcforc thc t.�kinb. Any balimcc shall bc pnid to Dorrowcr, In thc cvent c�f n p:ini+►I tnkins nf thc �=,M;,,,,�=''
<br /> '. Fraperty in which Ihc inir nmricct vnluc i�P thc('eap��rty inmlcdiutcly lxforc thc �ukin�c iti Icsz tirue tlic liIl1U11t11 i1f tI1C tiUf115 ,;;,�;_Y
<br /> ., sccurcd immcdiatcl�•hcfnrc;Ilte tuking, unlcsti l3nrrowcr nnd Lcndcr othciwkc agrcc in wriiin� or unlcss appUcnblc luw �,�..
<br /> ulhc��wisc pruvidc�,,�hc pn�cccds shnll bc iippllyd to ilx surnc sccumd I�y this Sccurity Inslnnncnt�vhcthcr nr not Ihc tiums nn; '-=-
<br /> ., • Ihcn duc, �—x
<br /> , If thc Nrup�rty iy nbanduncd hy Norr��wcr,ur iy'.;dtcr naticc by l.�+udcr to liurrowcr thnt thc cnndcmnor offcn to mnkc _-
<br />. - ,m nwurd or sciUc n cl��iro tur d:nnul,eti, Burr�:�vcr failv tu r.tipm�d to I.cndcr within 3Q duy��►ficr thc diuc�hc naticc is givcn,
<br /> I.cnQcr is nullwrir.cd te�cullcct +mcl npply thc pracccds, at its option,cithcr to restorution nt rcpair af thc I'roperty c�r t�thc ---_
<br />• � sums sccurod by t{�is 5«urity lustrumcnt.�vhcth;:r or not thcn duG. —
<br /> Unlesti l.endr.r nnd F3urrower uQierwitie ��gree in writing,any application of procecds ro princip�il shall not extend or
<br /> '" pos�ponc thc duc dntc e�f thc mantl�ly pirymcnts rafcrrcd to in para�rnphs 1 nnd 2 or changc the umount of'such payments.
<br /> �... " U. Ilarro�ver Not Etcleuscd; Forbeuruncc By Lender Nut a Wai�•er. Extcnsion of thc timc for payment or `
<br /> • ' modificution of amonii.ntion of�hc �ums secured by ihis Security Instrument granted by Lender ro any successor in interest
<br /> ' , of Dorrower shall not operuie to rrlease the liubiliry af the ori�inal Borrower or Borrowerk successor:S in interest. Lender
<br /> shnll not be requireJ ta conuncnee prcr.eedings against any succetisor in interest or refuse ro extend time for payment or ---
<br /> , otherwisc modify amoatizution of thc,ums tiecured Uy this Security Instrument by rcason of any dem�md made by the original �'"`
<br /> . 8orrowcr or Bnrrower:s succcssorx in intcrest. Any (orbear.ince by Lendcr in exercising any right or remedy shall not be a
<br /> �� wnivcr of or preclude t�c cxcrcisc of nny right ar remcdy. -
<br /> 12. Successors aind Assi�Gne�ound;,loint und Several Liability; Co-signers. The covennnts and agrecments of this
<br /> Security Instrument stiall bind and benefit the successors and assigns of Lender and Borrower,subjeet to the provisions of
<br /> paragraph 17.Borrower's covcnantti und iigrecments shul I be joint und scveral. Any Borro�ver who c�-signs this 5ecurity �
<br /> ., Instrument but does not execute the Note: (a)is co-signing this Securiry lnstrument only ro mongage,grant and eonvey that -
<br /> Borrower's interest in the Propeny under thc tcrms of ihis Security Instrument: (b)is not personally abligated to pay the sums
<br /> secured by this 5ecurity Instrument;:uid(c)agrees that Lender�tnd nn�other Bonower may agree to extend,modify,farbear
<br /> �. A � � C 4�'. C � . �ti� IV �» M
<br /> . :,;m�t,.c any ,,,...o����t:,,,aii��s .:ii:� �gard a hc t.:::zs c t t.: c�,::iiy In�rsm:�t ... �:s :�:ih�.. i.st B�...,:�e:.. __
<br /> " consent. �-�--
<br /> 13. Loan Char�es. If the loan secured by this Securiry Instrument is subject to a law which sets maximum loan
<br /> , charges,and thac law i s finully interpreted so that the interest or other loan charges coUected or to be colleeted in connection
<br /> with the loan exceed ttse permittcd limits,thcn: (a)uny such loan charge shall be reduced by the a�nount necessury to reduce
<br /> • the charge to the petmitted limit;nnd(b)any sums ulready collected from Borrower wliich exceeded permitted limits wiU be ° -
<br /> refunded ro Borrower. Lcnder may choose to make this rcfund by reducing the principal o�ved undcr Ihe Note or by making a �.-
<br /> direct payment to Borrower. If a refund reduces principal,A�e reduction will be treated us a partial pn:payment withaut any -
<br /> prepayment churge under the Notc. �,_r--
<br /> 14. fVotices. Any notice iJ Borrowrr provided for in this Sccurity Instrument shall be given by delivcring it or by '"¢_
<br /> mailing it by first class mai l unless applicable law rcyuires use of another method.The notice shall be directed ro the Property
<br /> ' Address or uny other address Borrower designates by noticc to Lender. Any notice to Lender shall be given by firsi cittss ���
<br /> mail to Lender's address stated hcrein or uny othcr address Lcnder dcsignatcs by noticc to Barrower. Any noticc provided for �'�•°'
<br /> in this Securiry Insttumcnt shall bc dcemed to have bccn givcn ta Borrower or Lender when Sivcn as provided in this �"��+�
<br /> paragraph. �'`
<br /> 15. Governing Y.aw;Severability. This Security Instrument shall bc govcrncd by fcderal law :uid the law of the ��"
<br /> �.�.
<br /> � jurisdiction in whic l�tlie Property is located. In the evcnt that nny provision or clause of this Security[nstrument or the Note �
<br /> ' conflicts with applicable luw,such conflict shall not affect other provisions of this 5ecurity Instrument or the Note which can °�%�•
<br /> be given effect without Ihe conflicting provision. 'To this end the provisions of this Security Instrument and the Note itre ,
<br /> declared ro be severable. . .
<br /> 1G. Borrower's Copy. Borrowcr shall be givenone conformed copy of the Note and of this Sewrity Instrument.
<br /> , 17. 7lransfer of the Property or a Reneficial Inte�est in Borrower. If all or any pan of the Property or any interest in � .
<br /> ' it is sold or transfermd(or if a beneficial interest in Bomower is sold or transferred and Borrower is not u natural person)
<br /> '` „ without Lcnder's prior writeen conscnt,I,ender muy,at its option,require immediate pnymcnt in fuU of all sums secured by .�
<br /> this Security Instrument. However,this option shall not be exercised by Lender if exercise is prohibiied by federal!aw c��of
<br /> • the date of this Security Instrument.
<br /> If Lender exereises this option,Lcnder shall give Borrower notice of acceleration. The notice shall provide a period of
<br /> not less thnn 30 days from the date thc notice is delivered or mailed within which Borrower must pay all sums secured by this
<br /> ' • Security Instrument, lf Bortowcr fails to pay thcse sums prior to thc cxpintion of this period, Lcndcr may invoke any
<br /> • remedies peimitted by this Sccurity Instrument without further notice or demand on Borrower.
<br /> � 18. Borrower's Rlght to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to havc
<br /> . enfar+cement of this Security Instrument discontinued at any time prior to the earlier of: (a)5 days(or such other period as
<br /> Singlc Family-•Fnnnle Mac/lrcddEe Moc UNI�ORM INS'PRUAtI:NT--Unifumi Coven:mic 9/90 Ip,rg�4 ufn pnxe�i I .
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