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<br /> �� ...,:.�..�..�r:,�...r nkr t,ici�:�.�mY D�of ehe P[�aoerty.4l fo�oonve�ai�ce in lieu of ca�demoatioo.arc t�ereti�assi$ned aod_T..
<br /> - -- -� � �16e�id.to Lerider. . ' , f, -- _ . _ -T._
<br /> ia the event of a wt�l t�king.of the Ptupet4Y..�proceats sdall bc applied to the sums sec�lc�ed.by t6is Secwity : �
<br /> � inswmrnt.whether or nd thm due.with any exa�sx d to$onower. ln the�vent of a pacpal taking of the Prope�ty in
<br /> • whicb die fair mui�ec vatue of the Ptapetty immodiatety befare t�e Wicing is oqa�l to a�rcatA`than tbe amawt�f the sums _• �
<br /> saurod by this Securiry L�saument immediauciy befae tbc taYing,�mkss Barmv�er a�Le�det oUunvise ag�ee�in writing, � .
<br /> tlie smns secu�rd by tttis Security Insmuaent shall be rtduad by the amaunt of We proceeds multipliod by the following
<br /> � .fractia� f a)the tarsl a�une of the sums saured imaxdiateiy befixe the taking,divided 6y(b�the fair mazfet va�It�e of the .
<br /> - property im�di�Iy befae the takiag, pey balance shati bc pa�d to Barowsr. in thc evrnt of a partial taking of�the
<br /> ,ptoperty in vv}�ich tiie fair mazket v�lue of ttie Property immediatcty befo�e the halcing is fess than the amotu�t of�the sums
<br /> secur�ed immediattly before ttte taicin&unless Barower and.Lender oti�erwise agnoe in writing or untess appticabte t�w
<br /> olfKrwi.ce provides,the p�oceods sball be applied w tl�e sums secvned!ry this Security Instrument whether or rat the sums aie .
<br />- tha�dne. '
<br /> If ti�Pmpetty is a6andoned by Borrower.or if.efter ndice by I.ender to Borrower that the condemnor o!�'ers to make
<br /> an award a senie a ciaim for 8art�ages.Bo�rower fails tu respond to Z.aider wittsin 30 days after the date the napice is given,
<br /> i.ender is authorizad to coltect and apply tlu p�s..at its option.either to restoiation.or zepair of tl�e Property or to the
<br /> sums secuied by this Security inslnmxn�whetNer or not ttxn due: ` :
<br />- � lTnless Lender imd Bortuwer dherwis�aga in writing.auy application of proceeds to priacipal shall not extend or
<br /> __ _postpx�e_the d�e.date of the monthfY�a�tttst�fenred to in paragraphs 1 and 2 or eb�ge tS�e amonnt of such paylnents. � . - - -
<br /> -- 11: Borrawet Not Rekised: Far6�duaoce By IReder Not a Waiver. Fxter�sion of`the dme for'paYment or .
<br />= modificatian of amaAizatia►of the sums secucrd 6y this Securiry Instrument granted by Lender to any succ�sor in iruerest
<br />--= of Borrower shatt nd apaate to oetease the liability of the original Bormwet or Borrower's suceeswES in interest.L.ender
<br /> -- shall not be:;�requiral w commence proceeclings against any suceessoi in interest or tefuse to eatrnd tupe for pay�nent oc ,.
<br /> - - - utUerwise aarid�y amortization of the swns sec�ued by this Seez..�•�ra�.'nent by reason af any deroand made tiy.the v�::.:;
<br /> - Horiuwer ac•�aa�uwer's�.s�ccessors in interesi. Any forbwr�:efi�s;�ea3er in exercising any right or remady'stiaU qoc�a
<br /> waiver o[or p4eclude tbe ezei�ci�e of any�ar remedy. . '•�'` ' •--: ~ - . � •�
<br /> _ � � � .' ` 12. Saocessors and'�Baaqd:�E sM Se�al l.uib�'rt�;C.astgeers. The cove.�aiits and agc�e,medts of this '
<br />:::; : .` _ " Se�urity Insdument shat!bipd�and"bencfet th't sacc�'s��'sd assigns of Lender and Borrawer,'snisject to the,:pxovisions af _---_
<br /> paragraph 17.Borrowei's aa'veaants aud agreeme�s�l�e joint and several.Any Borrower,aha t.�igns ttri�Security -•��
<br /> i` ,, � . ``•• ' Insmanent bufdaes no:execute"the Ncite:.-€a)is co-s- I�tcamert o to mo . t and�an thaE .,_;� Y--
<br /> �._ .. ��Y �Y �"� �Y
<br /> Borrower's interest in t6e P►vperty ueder tite tertns of�is�.;::unt�II:�strumen� (b)is not persanaUy obligated to pay the suras �� =_
<br /> secuced by this Security htst�ument;and fe)agree4 thar�.er.���asu��yother Harrower may agree to e�ctend,modify,foi6ear ��---- -..
<br /> • _� or make any accommadalions with regard to the ter�eu>�f dus Secariry instrument ar the Note without that$orrowec's '°�'•-`�"="-
<br /> , _ consent. � �����=-
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<br />• 13. l.u�n Charges. If the loan secured by this Security Instrument is subject to a 1aw which sets maximum toan ���-�-�
<br /> - charges.anA that taw is finalty interpreted so that the intecese or ather loan charges collected�to be collected in connectian
<br /> with the loan exceed the permitted limits,then: (a)any such laan charge st�aQ be reduced by the amount necessary to reQuce
<br />-; the charge tn Ihe permitted limit;and Ib)any tiums aIready cotlected from Borrawer which exceeded permitted limits wili be i�_-
<br /> - t�futtded to Borrower. I.ender may chaose to make this reinnd by reducing Ehe prineipal awed under the Notcs av by makirtg a �g�_,
<br /> + ��� direct nt co Borrnwer. If a refund ieduees rinci 1.the reduction wil!be trc�ted as a artial rc a ment wuhau�an t.�_�-.,
<br /> s pa}rme p pa P p P Y y �.,�-•-,..�
<br /> �' prepuymcnt charge under the Note. • �.�-F�}� �
<br /> € 14. Notices. Any natice ta Barmwer provided fur in this Security ln+trument xhall be given by dclivering it ur by - �- r
<br /> . mailing i!by firtit cla�s mail untess applicable law requires u.r•e of another methad.The notice shall t�directed to the PropeRy �•'���".:�=�'
<br /> Address or any ather uddretir Sorrawcr dcsignatec by norire to Lender. Any notice to l.ender tihal)be given by Pn�clasr ""`���=�'
<br /> mail to l.ender�s addresti siated herein or any other addretiti Lender de�ignates by notice to Borrnwer. Any notice provided for ,�'�',:-,',•.
<br />• • - in this Security Intitrument sha0 be deemed to have bcen given to Borrnwer or Lender when given as provided in this �`= -=
<br /> p�s�� :� '«:.z:.m,-
<br /> � 15. Governtag Law;Severabllity. 7'his Sccurity inctrument shaii hc govemed by federa! taw and the law of the -.,:'-•.���
<br /> . .�. jurisdictian in which the I'roperty ic tacated. In thc event that any provisian or claute af thiti Security Instrument ar the Note - _=�
<br /> � �= conflicts with applicable law.such conftict shal!not affect oiher prmirions of Ihis Securiry Insirument or the Note which can -... �=;-_
<br /> '� � be given el'fect without the car.flicting provision. To this end the provisions af thic Security lnstrument and the Note are • °
<br /> Y declared to i�e severable. •
<br /> ' 16. Borrower's Copy. Borrower sha11 be given one confortnecl capy of the Note and of this Security lnstrument. %n`�;`
<br /> � �. 17. 7Fanste�ot the Property ar a B�eficial Interest in Borrower. 1P ull or any part of the Property or any interest in • '- -.L�
<br /> � �, it is sold ar transferred(or if a beneficial is:eresl in Harrawer is sold or transfeaed and Borrower is not A naturai per.r•on) �'�``����,;
<br /> :j • without Lender:s prior writte�eonsent,Lender may.at its aption.require immediate payment in full of al!sums secured by �' ,,-;��.
<br />. , this Security Mstrumcnt. However.�his aptlon Khall not be,exercised by Lcndcr if eJCCrc�sc is prahibited by federal law ac of �A':'� '•��-:`
<br /> _ r, the date of this Security ln�ttumen� ' .
<br /> Ii l.enQer exercises this aptian,l.�nder�hali givc Borrower no!"r�:pf'accelerntion. The natice shai!pravide a period of �
<br /> ' , not tecs tha.�3U days from the date the noticc is delivered ar mailed w�;*Fsin which Borrower musl pay ali sums secured by this .
<br /> .,,�,x'`. ,.;a; ; Security Instrument. If Barrower tail�to pay �hese,umti priar to the expirution of this period. Lender may invoke any �
<br /> • ' �•. � remedie�permitted by thic 5ecurity(nstrument without funhcr noticc or demund on Borrower.
<br /> �'r'.'� _2,��.;`"n�` 18. Borrower's Riyf�l to Reinstate. If Borrawcr meets ccrtain ronditinns, H�mnwcr sh�ll have the ri�t to have • . '
<br /> enforcement of thi4 Security Instrumem diu:antinucd at any�imc pri��r to thc eatlirr af: (a)S days(or such othcr period a.� ��.
<br /> ',` =•�.��'- 5ingtc F.�mily-•Fannk�fae4'reAdie!lfar U�IKpf1N I�STRU�ttih7'••Unifufm CovCn;llt4� 9/90 I/ru�r 4 n(6 puce.0 ' '"
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