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<br /> condemnc�tinn or nthcr inkin�of any par�of che�Propeny,or for canvcynncc in licu^f condemnmian,�rc hcn:by nssi,gned and - -
<br /> tih,ill bc p.iiA to Ldndcr. _
<br /> . In the event af n taud lidcing of the Praperty, the proceeds shull be npplicd to tl�e sums secured by thiti Security ° -
<br /> -'{ ' I�sirumc»t,�vhcthc�or nat then duc, with,my exccss paid to Dorro�ver. In thc event�f u p�nial takin�of the Pj•operty in
<br /> , .> whicli thc fair mnrkct valuc of thc Property immediatcly bcforc thc takin�is cyual to or greatcr th•,:n thc amount of thc sums ��=
<br /> : �,.. secured by this 5ccority lnstrumem immediutely before the taking, untess Honower and Lender othenvise agree in writing, L-
<br /> the sums securcd by this Security Instniment shall be Rduced L•y the amount of the pracecds multiplied by the following —
<br /> f'raction: (N thc tatnl umount af the sums securcd immediatcly before the taking,divided by (b)the fuir matket vniuc of the =_
<br /> Property immediutcly before the taking. Any balance shall bc paid tn Dorrowcr. [n the cvcnt of n p:utiaE taking af the
<br /> Propccty in which the fair market vnluc of the Property ;mmcdia[ely beforc� thc taking is less than thc amount of the sums
<br /> secured immediately before thc r.iking, unless Borrower and Lcndcr othtrwisc agrce io ariting or unlcss applicable lnw –
<br /> otherwise provides,the proceeds slu►Il Ue applied ta the sums securcd by this Securiry Instrument whether or not the sums are �i
<br /> ^ then duc.
<br /> . If Ihe Property is ab:utdaned by E�orrawer,or if,afte.r notice by Lender to Borrower thnt ii�c condemnor offers to make
<br /> :►n ativurd ar settle 1 claim fur damnges,Borrower fails to respond to Lender within 30 dayx after the date the notice is given,
<br /> . Lender ic authorir.ed to collect ai�d apply the proceeds,at its option,either to restoration or repair af the Property or to the _
<br /> , sums securcd by this Security[nstrument.whether or not then due.
<br /> Unless Lender and Borrower otl�e�wise agree in writin�;,any application of proceeds to principal shall not extend or
<br /> postpane the due dnte af the monthly paymcnts rcferred to in pv-agmphs 1 and 2 or changc the umount of such payrr.ents.
<br /> 11. Bo�.–ower Rlat �eleaserl; Eoa beacance �iy �.e�de� fV�t A �t'nivxr. Extcnsio� of thc timc far paymcnt or �–--
<br /> � , ;,. modification of:unortization of the sumti secu�ed by this Security Instrument granted by Lender to any successor in interest
<br /> of Borrower shall not operate to r�le;ue thc liability of'he oiiginal Borrower or Borrower's successors in interest.Lender
<br /> ' " shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or =�_-
<br /> otherwisc modify amortization of the sums secu�ed by this Security Instnrment by rcason of aay demand made by theoriginal
<br /> ." Borrower or Borcower's successon in interest. Any forbearance by Lender in exercising any right or remedy shall not be a
<br /> � waiver of or preclude the excrcise of any right or rcmedy.
<br /> . ,� • 12. Suceeuars and A�.Slgns Bou�d;Jaint and Sever�l Liabelity;Co-signers. Thc covenants and agrecments of this �
<br /> . Security Instrument shall bind and benefit the�uccessor:s and assigns of Lender und Borrower,subject to the provisions of
<br /> paragraph 17. Borrotiver'.s covenants and arreements shuU be joint and several. A.ny Borrower who co-signs this Security -
<br /> Instrwnent but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage,grant and convey that
<br /> Borrowcr's intemst in thc Property under the terms of this Security Instrument; (b)is not per�onally obligatcd tc�pay thc sums
<br /> secured by this Security[nstnimenr,and(c)agre�s that Lender and any othcr Borrower may agrce ta extcnd,madify,forbear —_
<br /> - or makc any accammodations with regard to thc tcrtns ot th�s Secunty Instrument or thc Notc wrthout Ihat tiorrowcr5
<br /> � canscnt. �
<br /> 13. Loan Charges. If the loan secured by this Security lnstrument is subject to a Inw which sets mr�xi�num loan --
<br /> ct�arges,nnd thut la�v is finally interpreted so that the interest or other loan charges collected or to be collected in connection
<br /> with the loan exceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount nece�sary to rcduce _
<br /> the charge ro the permined limit and(b)any sums alrcady collected from Borrower which exceeded permitted limi[s will be �:--
<br /> refundcd to Borrower. Lendcr may choosc to makc this refund by reducing thc prircipal owcd under the Notc or by makinb a _=
<br />- dircct payment lo Borrower. If a refund reduces principal, the reduction will be trcated as a pactinl prcpayment without any �'
<br /> prcpayment charge under the Note.
<br /> 14. IVotices. Any noticc to Borrowcr provided for in this Security Instrumrnt shall bc given by dclivering it or by .
<br /> „ mailing it by�rst class mail unless applicable law reyuires use of another mcthod.The notice�hall be directed to the Property
<br /> Address or any other address Borrower designatcs by notice to Lendcr. Any notice to Lcndcr shall be given by firct class
<br /> „ •. mail tu Lender's address stated herein or any other address Lender designates by notice to Burrower. Any notice provided for
<br /> � • in this Security Instrument shall be deemed to have becn given to Bormwcr or Lender when given as provi3ed in this
<br /> . pangraph. _
<br /> 15. Governjng �.n�v; Severability. This Securiry Instrument shall bc govemcd by fedcr.il law and thc law of thc
<br /> jurisdiciion in which the Property is located. In the cvcnt that any provision or clausc nf this Sccurity Instmment or thc Notc
<br /> . conflicts with applicable law,such conflict shull not affect other provisions of this Security Instrument c�th:• Vote which can
<br /> bc given effect without the conflicting provision. To thi� end the provisions of thi�Security [nstrume�.t:ind the Note are
<br /> , dedared to be severable.
<br /> 16. Borrower's Copy. Borrowershall be given one confornied copy of the Note and of this Security Instrument.
<br /> � � 17. 'I�i►nsfer of 4he Property or a Benefictal Interest in 9urrower. If all or any pan of thc Propeny or an}• in�crest in
<br /> ' it is sold or tr:u�sferrcd(ur if a txneficial interest in Borrower is sold or Iransfemd and Borrower is not a natural penon)
<br /> " without Lender's prior written consent,1_endcr may,at its option,reyuire immediate payment in full of:►II tiums securcd by
<br />' this Securiry Instrument. However,this option shall not be e�:ercised by L.ender if exercise is prohibited by federal law as of
<br /> _ thc datc of this Security tnstrumcnt. I
<br /> - , if[.ender exercises this option,Lcnder tihall givc Borrower notice of arceleration. Thc noticc.hall providc a period of
<br /> not Iess than 30 days from the date the notice is deliveird or mailed within which Borrower must pay all sums tiecun:d by this
<br /> Ser.urity instrumcnt. lf Borrowcr fails to pay thesc sums prior to the cxpiration of this period. Lcndcr may invokc any I
<br /> 1 rcmedies permitted by this Security Instrument without further notice or demand on Borrowcr.
<br /> � 18. Borrower's Right to ReinstUte. If Borrower meets ccrtain conditions, Borrowrr tihall havc thc right to have
<br /> , enforeement of this Securiry Instrument discontinucd at uny time prior to the carlicr of: (al S days (or such other period as
<br /> . Singlc Fam�ly--F'nnnie 111ac/F}cddic 17ac ONIFOR�11 iNSTRUM1tENT•-Uni(orzn Covcnantc 9/90 �p�t¢r d �l o ra,;�.�,
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