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<br /> 10. Co�edej��notiou.The prace::ds of nny a���nrd or cluim far dnmapc:s,riirect or c�nsequential,in cunnection�vith nny ,
<br /> Canclerr�natian ur o4hec 4nkin�aG any plrt of thr.{�rop�rty,oc foi•convey�nce in licu�f cc,ndemnntion,nre hereby nssi�nccl t..-
<br /> aiid ehsll bo paid to Lender. �
<br /> In the �vent ot a tata! taking of t{�e Property, the proceeda�hnU bo applied to the dume cecured by this Securicy .Y
<br /> Instrument,whetner or not tt�en due,wizn eny :.kc.:-�ps�id t�linrru�ue,•. lf�th�cvent af o psrtinl taking of thc Pcoperty in
<br /> which tho tair markat value of tha Property immediately hefn`r:+thte tnking is equnl ta or greater then tlie amount uf the
<br /> sume�ecured hy thie Security Instrument immedietely befura tlth ttskin�,unless I3orrower and Lender otherwise a�rce in
<br /> �vritin�, the sumy secural Uy this Security Instrument el�afl be r�xluced by the nmount af thc proceeds multiplied by the �
<br /> following iraction:(e) the tutal amount of the sum�secun;d immediately befare th�teking,divided t�y(t>)ti�c taic marl:ct r=�'
<br /> value af the Praperty immec�ietely before the takin,�.Any balenca shRll be paid to Borrawer.In the event of a partial tnking
<br /> of thc Praperty in which the fsir markot valuo ot thc�Pmperty immedietely befare the taking i�less then the smount oi the
<br /> sums secured immediately b�tore�t�►e taking, unle�Harro�tar Rnd Lendar otherwise ngree in writing ar unless opplicabl�
<br /> law atherwisa provides,the proceecls shall be applicrd t�tli�G�imF s�cured by this Security Instrument whether or not the
<br /> sums are then due. _
<br /> If the �'roperty is ebandaned by Borrowet,or if, nft�r nniir,a by i.ender ta Borrower thnt the condemnor offcrs to
<br /> ma1:o an award ar settl�s claim for damnges, Bnrsoivar f�tiiEl W n�or�to Lender within 30 daye nfter the date the notice
<br /> is given,Lendtr is authorized to collect and�pply th�pjacp9dt�,��t it�option,either to restar�tion or repair of the Property
<br /> or to the sums secured by thi�Securit�Xn�tcument.wli�sti�e�r.or r►�t ttien duo.
<br /> Unless L,ender and Bonower�t}iflrwi�9 nAc�o in.writinn,Fmy application of proceeds to principal shull not extend or _
<br /> frastpone the due date of tlict monthly payments refutx��to in paragraphs 1 and 2 or change the artount af suah payments.
<br /> 11. Horrower Nor. ���csessd; Porba�ranae 13y I.endar Not a Naiver. Extens�on oi the timc �or payment or
<br /> snodification of amorti�=.�i:•ea of the Ft�mA secured by thi�Seaurity Instrument granted by L.°.nder tv any successor in
<br /> #nterest of Borrawer shell nct operatc�to rolvarr the liability of.the originel IIorrower or}�orrower's saccessors in intcrese.
<br /> I;ander shall not be reqvit+:d to comm�nca �at�:�cdings againet any euccessor in interest or refuse to extend time tor
<br /> pa}�ment or otherwise mc��i'iy amortizntian af thu s�usne sexured by this Seeurity Instrument by reasc�n of any demand
<br /> mado by the originnl Aorrower or Borrowat's succ�:��ara in.intr,rest.Any forbearnnce by Lender in eses�ising any right or
<br /> rentiedy shall not be a waiver oP or precluda the or.r.rca�a ot any rii�tht or remedy. _
<br /> 12.5u�cessare and As�iane Bonx�d�J�afrlt and SeveraF, l��s�bility; Co-signers. The covenants and agreemehtx of
<br /> thie Security l�n:trument shall bind asid brne'fir, tha successc�xs and sssigns of L.ender and Dorrower, subject 2a thc
<br /> provi�ions of paragraph 17.Borrower s covensu�ta and afreement�ahall be jpint and sevacnt. Any Horrawer who cp•�si:gns
<br /> thie So�urity Instrument but doe9 not executa the 14nte: a)ie co-eigning this Security Instrurn8nt onJg•2�:mortgage,$rant
<br /> �a�nd convay that Borraw�er's interest in the Property under the terins of thia Security Instrument; Eb) is not personaliy
<br /> obligatad t�pay the svms�+ecured by thia Seacunty Instrument;and (c) egrees that Lendor and any other Bormwer may
<br /> o�y�,�,..���m����o„fs,�*��mnke any accnmmodations with reR�rd to the tierme of tt�ia Security Tnstrument or the
<br /> Nota withoui that$orrower'e consenL.
<br /> l3. Loan Charses.,.3f the loar,secured by t�»s Security Inetrument is subject to a law which oets mexisnu� laan
<br /> chargea, nnd thet laa ia �inaYly lnterpreted e,o t'h�t ahe intarest or other taan charges collected or ao be r.ollxtul in -
<br /> connation wilh the laan esexd th9 permitted lna�i4s, then: (a)any auch flonn charge shall be red«ced '�by th� amnunt
<br /> nec�ssery t�_rsc�uce the c�argo to tlae permitted limit;and (b)��y�sume alreedy callected from Borrawer�hich�.�ceGdecl
<br /> permitted Iami#s will be.relundcd to Borrower.Gendar may choose to mako this refund by rcducin�the Principal owed .
<br /> under tho Noto�r by mmking a dirxt payment to Borrower.It a rcfuttd reduces principal,tha reduction will be treated as a
<br /> pertial grepayrnent withc�ut any prepayment charge undar the IJou.
<br /> 14. Noticea.Any notico to Borrower provided for in thi�Security Instrument shall be given by delivoring it or by
<br /> mailin�it by first class mail unlea�s epplicable law ret�uires usa of anotlier method. The notice shall be directed to the
<br /> PXOporty Addr�se or any athar addreso Borrower designates by natica to I.ender.Any notioe to Lendcr shall be givan by
<br /> tirst class mul to Lender's address statal herein or any other eQdstiss I,csnder designntes by notice to Iiorrowar.Any nutice
<br /> provided for in thia Security Instrument ehell be deemed to l�ave been given to Borrower or Lendor whcn givan na
<br /> providec�in this paragc���h.
<br /> 15. Gavornlns I.sw; 5�ver�bility.Thie Security Instrument shall be'gov�rned by federal law ��11 tha lAw of tho
<br /> jurisdictiore in which the Property ie locaud. In the avent thet Rny provision or clause of thie Security inetrument�r the
<br /> I�ote cemili�;s with applicable laa,�ua�conflict shall not afiect ot��nr provi5ions oi this��curity Inatrument or tt:�..1�Ate
<br /> which cen be�iv�n efPxt wttliaut tlte ctrnflicting provision.Ta 3hin end tha provisions ot�t7�is Security Inetrument artd�ha .
<br /> Nate cre decl�red to be severahle. �
<br /> • 16.Borrowor's Copy.Bonower shell b+��iven Qne conformed copy of the tJote and of thie Secority Instrument,
<br /> � i7. TrAnsiet of tha Froperiy or a B�ac�'3taab Intcrest in Horrc,wer. If all or any_Qart o", tf�o Aroperty or any
<br /> ic�tere�t in it is sald or transfened (or if a hen��?�cial interest in Borrower is sold or tr�,nstcrrod and �orrow�Q is nat a
<br /> rietural pers:on� without I.ander's prior written cansent,I.ender may.at ite aption,requice�mmediete peyntent ir.hvlJ bt ell
<br /> .�aume ses;urncl by thie Security Inetrumant.Howev�r,this option ahall not be exerci,ed by Lendar it exrr�ise is prnhibittd
<br /> by tcdoral law a�of tr.o dnte oi thie Security Inatru�.mant.
<br /> Pago 4 0!6 Foem 302�4/90
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