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<br /> ''95' �Q4�'S ,.
<br /> con�em�uuion or other iaking af any part of thc Pcoperty.or for c�nveyanco in lieu of condemnation,are h�creby auiRnod�nd • -
<br /> stull be patd to Lender. ..
<br /> In tl�p evr.nt�+f n t�tn� r�kin�nf the Rnaperty, the prncceds ehAU be epplted w tha sums secured by chis Sxutity � _
<br /> Inawmsnt,whether or not theit due.v�ith any eacess paid to Borrower. In the ove�t of a psrtial te�cing of the Property!n .
<br /> which tho falr mazket valuo of tho Fh+operty immedistaly bcforo the teking ia equal to or gi+eater th�n the amount of the aum:
<br /> secuned by this Sccurlty Inswment immodiauly befom the taking.unless Bomnwer and Lender otherwise�agne in wdtiq�,
<br /> tho sums se�iu+ed by thts Secudty In�civment ahell be reduced by the emcwnt of the procecds muit�pli�by the followln� _
<br /> fi�ction: (a)the total amount oi the surns secured immediately beforo the taking,divlded by(b)the falr market value of tho
<br /> P�op�rty immed3ately before the tak�ng. Any b�lnnce shuA be paid to Borrower. In the event of a partial taking oF the ,
<br /> Property in whFch the fuir mnrket vulue of thc Pmperty immcdlstely before the teking is less than the amuunt of the sums
<br /> secured immedlately 6efore the taklag.unless Borrower and I.ender othetwlsa ag�ee itt wrlting or unless applicabla Inw
<br /> otherwlse pmvides,the praceeds shull bo applied w the sums secured by this Securiry Insuument whesher or not the sums ue
<br /> then due.
<br /> If the Property Is abandoned by Borrower.or if,afier aodce by L.ender to Bormwer that the condemnoT offers to malee
<br /> en uward or settle u cloim for damnges.Horrower fails to respond to Lender wIthin 30 deys after the detc iht natice is glven,
<br /> L.ender is uuthoriud to collect and apply the praceeds,at its option,either to restoraBon or repair of the Property or w tho
<br /> suma secw¢d by thla Sxurlty Fnsuument,whather or not then dun.
<br /> Untess i.ender tuM Botrower otherwtse ug�e in wtitin$,any appllcatlon of proceetts to prIncipai shell rtut ext�nd or �
<br /> postpone the due date of the monthly payments referreA w in para$raphs 1 and 2 or ctumge the amount of such payments.
<br /> iL Borrower Not Released; Forbearanoe By l.ender Not a Waiver. ExtensIon of t}te time for payment or
<br /> madification of amortlza3lon of the sums secured by this Secwity Instrument granted by l.ender to any successor in inrterest •
<br /> of 9o:rower shall not operate to release dte I�ability of the orIginai Bomower or Borrower6 sacassors in interes�Lender
<br /> shaU not be required to commeace proceedings against any successor in L�terest or refuse to extend dme for payment or
<br /> otherwise modify amoctlzudon of the sums sec�red by this Security Instrument by reason of any demand made by the origlnal
<br /> Bortower or Bo:rowerg successors in interest. Any forbearance by Leader in eaercising any dght or remedy shall not be a
<br /> wafver of or preclude the exercise of iu►y rl�ht ar cemedy.
<br /> 12. Successors and Assigns liound;Jotnt and Several Liebility;Co�slgnere. The covenants and agreements of this
<br /> Securiry Inswment shall bind and benefit the successors and assigas of Lender and Botrower,subject to the pmvisior�s of
<br /> pnragraph !7. Borrower's covenants and a�ments shaU be Joint and severnl. Any Homower who ccrsigns this Security .
<br /> Instrument 6ut does not execute the Note: tn)is co-signing this Securicy Insm�ment only to mortaage.grant and convey that
<br /> Bortower�s interest in the Property under the terms of this Securlty Instrument; (b)is not personally.obligated to pay the sums `
<br /> secuned by this Securiry Instrument;and(c)agrees that Lender and eny other Borrower muy agree to extend,modify.forl�ear
<br /> or make any accommodations with re�ard to the terms of thls Securiry Instrumant or the Note without that Boirower`s --
<br /> consent.
<br /> 13. Loan Chargea. If the loan serured by this Security Instrument is subject to n law which sets maximum loan
<br /> churges,and that law is finally interpreted eo that the Interest or other loan charges collected or w be coRected in connection
<br /> with the loan exceed the pe�mitted t�mits,then: (a)any such loan charge shali be reduced by the amount necessary to reduce —
<br /> thecharge to the permitted limi�and{b)eny sums already coflected frum Borrower which exceeded petmitted limits will be
<br /> refuncied to Borrower. Lender may choose to makr this refund by reducing the principal owed nnder the Note or by making a
<br /> direct payment to Barrower. If a refurtd reduces principab the reduction will be treated us a partial prepayment without any
<br /> pmpayment charga under the Note.
<br /> I4. NoUces. Any nadce to Barrower provided for in this Security instrument shaU be given by delivering It or by _
<br /> mailing it by Grst cluss mail unless applicable law rec�uires use of another method.The notice shnll be dirccted to the Property -
<br /> flddc�ess or any other address Borrower designates by notice to Lender. Any notiae to Lender shnll ba given by t�rst clesa -
<br /> mnil to Lender's address stated herein or any other address Lender designates by nodce to Borrower. Any nodce provided for �.
<br /> In thts Securlry Instnunent shaU be deemed to have been given to Borrower or Lender when given as provlded In thig =
<br /> � P !5ata h
<br /> Governin� Law;Severabiity. 'Ihis Security Instrumeat shall be govemed by federul law stnd thc law of the F��
<br /> jurisdicdon in which the Property is located. In the event that nny provision or clause of this Securiry Instrument or the Note -
<br /> c�nflicts wlth applicable luw,such cont7iet shal!not effect other provisions of this Secudty Insuument or the Note which can
<br /> be given effect without the confticting proviston. '!b this end the provisions of th(s Security Instrument and the Note are :
<br /> decic►red to be severable.
<br /> 16. Borrowe�'s Copy. Bamower shutl be given one conformed copy af the Note und of this Security Instrument. _
<br /> 17. 'Ilrunsfer of the Property or a Beneficiat interest tn Bor�o�er. If aU or any part of the Property or any interest in -
<br /> it is sold or transfeRed(or if a beneficial interest in Borrower is sold or transfemed and Borrower is not a nat�ral person) .
<br /> without Lender's prior written consent, Lender may.at its option.require immedjate payment in full of all sums secured by
<br /> thie Securiry Instrument. However.this option shall not be exercised by Lendex if exercise is prohibited by federal!aw as of �;_'�-
<br /> the date of tliis Security[nsm�ment. ''' �
<br /> If Lender exercises this opuon,Lender shall give Borrower notice of accelerat{on. The nodce shall provide a perIod of '
<br /> not less than 30 days from the date the notice is delivered or muiled with{n which Borrower must ps�y all suens secured by u►is -
<br /> Security Insttument. If Borrower fails to pny these sums prior to the expira/ion of this period,Lender may Invoke any �
<br /> remedies permitted by this Securiry Instrument without further notIce or demnnd on 8orrowcr. t,�; :
<br /> l8. Borrower's Right to Reinstate. If Borrower meetg certain conditions, Borrower shall hnve the right to have �;.,
<br /> . enforcement of this Securiry Insuumcnt discontinued at any time prior to the earlier of: (n)S days(or such other period as sti:�'
<br /> Single F�mily•-Fannte MadFlreddle Mae UNIFORM iNSTRUMEIVT-•Unifrnm Covenants 9/90 fpoge4 oJ6 pagts) '
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