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<br /> condemnation or other taking of any part o!the�'ropetty,or for conveyance in lien of cond�mation,m hneEw.st:�-ned�d
<br /> shali 6e Fraid to Lender. ,
<br /> In the event of a total taki�g of the Pn�p�erty, the pnoceods sha(1 be �pptied to tl�e �ums secured by G,r� S•..cs�riry
<br /> Instrument, whethtr or not ttxn:;�,��iih any exer.ce pai�t to Bortower. in the evtnt ot a partial taicing e!"c.'�c Properry in
<br /> which thc fair market value of�:�:Proneny immediately brf�te the takeog it eqttal to or gteater tfia�t the�xmt of the surrn
<br /> secureci by this Security instnsm.cnt immediately betae the a�king,unle.a Borrovrer and Lrnder wtrc:wise agrec in a7iting.
<br /> the sums securcd by this Security [nttrument sM.all be redu�xd t1r the amou�K of the ptocttds t�ahipiied bv ttie fdlowing
<br /> fraction: (a)the towl umount of the sums xnrrcd imm�diately beforr tl�e-t�kittg,divided by�(b)the fair r,��lctt value of tht
<br /> Property immedi�tely bcfore the tal.ing. Any balar�cr shall be paid to Bomv�rer. In the evrnt of a partiai taRing of the
<br /> Property in which the fair market va4ue of the Properry immediately 6efore tl�e raking ic kst thm:1R�amount of the surrn
<br /> securcd immediately before tlx taking, unlas Bortvwer aid I.etKier c�l�rrwiae ggree in writing or unkss applicabk law
<br /> otherwise provides.the F+roceeds snatl be applied to the urtr�s secnrod by this Secorit�r 1�arhether or not the sums are
<br /> then due. '
<br /> If the Pmperty is abandoned by Barrower,or if.after ratice by Lender to Bortv�er thu the con�kmrar offers to makc
<br /> un award or scttic a claim for damages,Boimower faila to R�por!d to Ltnciet`withit�3{1 da�s aRer tlte daie the notiCe is givcn,
<br /> Lender is authorized ta callect and apply the proceeds,at its aptioe,eitfier En rt�oratioo ot rt�air of the PropMy cx to tPt� .
<br /> sums secured by this Security Instn.�mer►t,whether or not thrn due.
<br /> Unlcss Lendcr arnci Bo�mwGr aherwi.a agrce in writing a�y applicstion o(procee�is to principa! shall not exterxl or �
<br /> postpone the duc date of the monthly payments refemed to in�1 and 2 or cla�ege tAe anount of wcli poyments,
<br /> 11. Borrower Nat Relea�ed; ForbKarsece B� Lender iYot : �iairer. Exterssia� af the time for paycnent cx
<br /> modification of amortization of the sums secured by this Secterity tr�,stnemrnt granted Mr Lender to any cucece.c�QOr'sn interest
<br /> of Bormwer shall not operate to release the liabiliry of the aiginal Aortvwcx cn BoROwer�succrc�cxe in intr.r.ct. LeMier
<br /> shaii ncx be requirrd to cammence procoedings agair�.a any succe,cwr in interrst or rcfuse ro extend time fcx Y.:J,-�::; or
<br /> otherwise modify amortitation of the sums secvned by this Securiry in�trument br rcasa►of any dertwnd mad�by the originai
<br /> 8orrow�or Borrowrrt successors in intorcct. Any forbearar�ce by l,ender in e�ercising any right or remedy sha11 not be a
<br /> waivcr of or preclude the exereiee of any right or rcrncdv.
<br /> 1Z Succe.ccors and Assign.4 Bound;Jant snd Sereral Liabi&t�;Casigner� 'f1�e co.,enantc�nd agrrer�xntc af this
<br /> Security� Instrument shall bind and bencfit the�t�ccecsore and�s.aigns of Lrnder mid Bosroa�er,whject to the provi�iort�of
<br /> paragraph 17, Bom�wer's covenants ar� agrremence cha11 be jcaint and scverzl, Any Borrcrv►rr wfio m-eigrtc this Security
<br /> I�strument but d;xs noE c�ccutr ttx Nat•: (a)is co-cigning cfi�s Seca,rity I�stru�nen�only ro morsgage.�rant and convey that
<br /> Rormwcr's ir.tem�t in the Propeny undcr rhr t�rtr�of this Security Inunmxnt; (b)ie net persoaallv obligated ta pay the wm�
<br /> secured by this Sccuri�y Instrumeru;and(c)agrees that Lender and amy atiter Bortaw•er may Ygree ro e�terM,madify,fc►rb�ear .
<br /> or make•any accommodations w ith ce�ard to the tecrns of this Sec�uity Instrunxnt or g1:e Note without that Bormwer's
<br /> conscnt.'
<br /> 13. Loan CharRec If the loan serurrd by this Seruriep Ir�ctrument i� wbjecx to a law which cetc maaimum loon
<br /> charges,and th7t law is finally internrcted co that the intertst cx aher knn charges coikcted cx t�n lx rnllrcted in ccmnertic►n
<br /> with thc loan etcecd the perr,:itted limits,then: Ca1 any cuch Ioan ch�rge shall be rrdv�rd b�r the amount nccess�ry to n-ducr
<br /> the charge to the pertnittec!limir,and(bl siny�um�alrcady colkcted from Borro�which exceeded permitted limit<will be
<br /> rcfunded to Borrower. Lende�may choou:to make;his rtfimd t�y reducing the principal ovred undtr the Note or by rreaking n
<br /> direct paymrnt to Bortower, lf a rcfund reefuces principet,tht reduction will be trGned a�a panial prepa;mern without any
<br /> prc�yment ch�rge uncicr the Note. ,
<br /> l4. Notices. Any �o�ice to Bomnwer pmvided for in this Security le.�tnmrcnt�U be giYen hy dclivering it or by
<br /> mailing it by ti�t ciz�s mail unlcs�Applics�ble!aw requires t�ce aCarwther method.The notice�hall be dirccted to the Pr�ertY
<br /> Addre��or am other nddcrss Bart�wer dtcignates by natice ro Lenckr. Any nolire to I.eale�slmN 6e given by first cla«
<br /> mail to Lcnder's addrccc�tated hercin or�ny ahcr ndd�res Lenderdesignate.e dy noticc to Bomower. Any notice pmvicied for
<br /> in this Sccu:ity Instrument shall be dccmcd to have baen girrn ta Barower or L.e�.der whrn givrn ac provi�kd in thi�
<br /> puragraph.
<br /> l5. Go�•crnin� Law; Se�•erabilitv This Sccurity Instrument shall be gc»crneci !�y federnl law arx! the law of the
<br /> jurisctiction in whirh the F'tt�petty is lacutal. M;he evmt that any prvvisic�or clauie oi thic Security Instrumertt or the Note
<br /> conllicts with applicable law,such canflict�hall�a('fect other provisiot�.c of this Sec.'tiritv Irtctrument or the Nde which rrn
<br /> be given effect withaut the conflicting pmvisiort. 'Ib this end the provuicxu of this Security Irt�cuurrxnt and the Note are
<br /> declamd to tic severable. '
<br /> 16. Borro��•er's Cop�. Bortower�hall be given eme c�mfortned copy c►€the Note:u�d otthis Security lnctrument.
<br /> 17. 7�ansfer of the Propert�or a Beneficial interrst ie BoROwer. !t all or nny part of the Prop�rty cx any interest in
<br /> it i� sold or transfertrd (or if a beneficial interett in Borroh�er is sold or transfernd and Borrower is rx�t a n.�esnral person)
<br /> without Lender's prior written ccx�sent,Lerxfer maa,at its option,require immediate payment in fulf of a!1 surm scrured by
<br /> this Security[nstrument. H�wever,this option shall r.ot be txercised by Lender i�exercise is prvhibited by federal law as of
<br /> the date of this Security instrument.
<br /> If Ler.der exerrise�this option,Lenckr shalf give Bormwer notice of acceleration..The notice shall provide a period of
<br /> .^.�!!es�than 30 dayc from the date the notice is deli��ered or maited within which Borraw�er must pay all sums secured by ihis
<br /> Security Instniment. If Bormw�er fails ro pay these sams prior to the ezpiration of this period, Lender msry invoice any
<br /> remeciies permitt<d by this Security Instrvment withaut further notice or demand on Borrowzr,
<br /> 18. Borrower's Right to Reinstate. If Bortower meets certain conditions_ Borrower shall have the right to have
<br /> enforcement of thi.,Security Instrument discontinued at any time prior to the eartier of• (a)5 days(or such cxher period ac
<br /> Singk Family—Faanie;11xFFrtddie�iat IJaT[FORM 1kSTR[li1tFY'C—Uniform Covrnants 9/90 lpaRs S of 6 pn.et.cl
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