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<br /> ..�., , ca�demnotion or aher taking of my part of�he Property,or for canvey�in Ueu oP condemns�tion.oro he�+eby a�i�nad�nd
<br /> ,., � , �II be pafd to Lender.
<br /> . ; In �he event of a tnt+l talcing of the Propeny. �hepmc eeds ahall be applied to�ho Kum� Recu►ed by�his Security
<br /> ``- `-- ' . "-`_ Ins�rumcmt. whelher u�no1 t�kn due.wi�h any exceax{►oid�o Horruw�i. lu Uw cvcai af n parti�l laking of tlte Pr�wty in `
<br /> ., • a „�.•' � which the fair marYet velue of Ihe Prnpeny(mmediotely beforo►he taking is equal to or grcalcr thrn tho emount ui'the aums
<br /> ,, eecurcd by lhie Savrity Inetniment immcdirlely bcforo the wking.unksa @arower end Lender ahetwi�se aQrce in w�itin�.
<br /> � � � � Ihe euuir securcd by this Secud�y Inalrumenl shall be rcduced by the amount of�he proceeds mulliplied by Ihe Pollowfng _
<br /> ° � ' iraclfon: (e►the tawl amount of the nums xecurcd immodiately beFore the Iplcing,divided by Ib)the fair market v�lue uf�he
<br /> ., „ Property Imnxdiakly befare tha taking. Any b�lance �hall be paid to Borrower. in the evenl of�partial taking of the
<br /> ' Prope�ty in whkh ihe fair markct value of�he Property immediotely before the taking is leu thAn the amouM of thc aums
<br /> securcd immediutely befcxe the taking, unlea4 Bormwer and Lender otherwi�se agree in wtiling or unless applic�ble law
<br /> otherwise provide�,�he proceul��iwll be�µ+plied�o�be cums securr,d by thic Security l�wwment whe�fier or not thc�umc are -
<br /> � then due. -
<br /> - If Ihe Properly is Ahandoned by Bortower,or if,after notice by Lender to Borrower that the candemnor offerv to make
<br /> '� . an award or senle�cl�im for damages,Borrower fnils to respand to Lender within 30 dayg aper�he dute thc notice ia given.
<br /> . . I I.ender is au�horized to collect�nd apply the proceeds.at i�s op�fon,either to restorntian or ropalr oi the Property ar to the
<br /> � �ums sgecurcd by thl�Secudty lns�rumcnt.whether or not then due.
<br /> Unlesa Lenda and Barower otherwise ngree in wrf�ing.any applicutian oi praceeda lo pdncipal shall not extend or _
<br /> • �< postpone�he duc drte of�he monthiy pAymem4 refeiml to in paregrnphs i ond 2 ur chunge lhe utrount of xuch payments.
<br /> 11. Bsrrowa Nat Releasedt Forbearana By Lender Not a WAiver. Extension of the ilme for payment ar
<br /> . „ � � modification of amoriizetion of the sums secured by this Security Inatrument gronted by Lende�la any succes.gor in intercst
<br /> � . • of Borrower shull nat opemte to rcle�.4e ihe liability of the or�ginnl Borrower or Borrowerk succegsorrq in inlercxt. l.ender _.
<br /> — , shall not be rcquired ro commence proceedings aguinst uny successor in intercst or rcfuse to ex�end time ior payment or __
<br /> othenvise modiFy emortization of Ihe sums securcd by this Secu�ity In.rtrument by rcacon of any demund made by the originnl C
<br /> � Bortower or Borrawer g successon in interexl. Any forbearonce by Lendev in exerciainQ any ri�ht ar rcmedy Rhall not be a -
<br /> � ws�iver af o�prcclude the exercise of ony right or remedy. _
<br /> � 12. Sueces.sa�s and A�sipns Bound:Joint aad 5everal LlwbHity:Co-xiRnenq. The covenan�s and ugrcemenls of Ihls �-
<br /> ° � Secucity lestniment ahull bind and benelil Ihe tiuccexsnrc und usxignx of Lender nnd 8urmwer,xubjec� io�he pmviyionx nl
<br /> ptu'ugraph 17,Born�werk co�•enumr und ugmemems xhull he juin! und xeverul. Any liurrower w•ho co-+igns Ibiti Securily
<br /> • Instrument but d.�e�nal execute the Note: (al is cn-signing 1i��s Securily Insuument only to mortguge,grunt und convey�hut �:
<br /> Borrowerk imerNStin thc Propeny under�he terms of�his Security I�xtniment; (h)is nut persanully abliguted�a puy Ihe sums
<br /> secured by tfiis Securiry Instrumenl;nnd(cl agrees Ihot LenJar und any other Burrower muy ugree to extend,modify,farbenr _
<br /> �• or make any uccammodations wi�h regwd �o �he terms of this Security Insuument or the Nde wi�hcwt �hut Borrower:� -
<br /> conscnt.
<br /> 1�. Lonn C'barges. If the lann secured My this Securi�y InRtrument is xubject�o u law which xe�ti muximum loun
<br /> � chargeR,and that low is finully interpre�ed so thut Ihe interesl or other loun chorges coltec�ed or ta he collected io c�nnec�inn
<br /> with the laun exceed the permit�ed Iimi�K.Uxn: (u)any xuch loun chsvge+hull be reduceJ by�he um�wnt necexvury ta reduce
<br /> the chArge to�he ptrmilted limi�;and(b)any sumc already callecled from Bormwer which eaceeded permit�ed Umi�s will 6e
<br /> ' _ _ __ __ ____ rcfunded to Domoxer. Lender muy choosc to mAkc this refund by rcducinQ the principal owed undcr�hc Notc or by making u
<br /> direct payrnem to Borrower. If n rcfund reduces principal,�he reducUon will be troated u.s a panial prcpnymem without ony
<br /> � prepayment charge u nder thc Note.
<br /> 14. Natices. Any notice�o Bonawer provided for in thi.r S:�urity Instrument choll 6e given My delivering i�or by
<br /> ; mailing it by first duss mail unkns applicabk Inw requires use of another methal.The notice shall be directed ta the Property
<br /> •� . Address or ony olher nddress Borrower desig�n►es by natice to Lender. Any notice to Lender shall be given by�rst clacs
<br /> � mail to l.enderk t+ddress slnted herein o�any other nddress Lender designotex by notico ta Borcower. Any nntice provided fbr
<br /> in this Secu�ity Instrument shall be deemed to have been given to Borrower or Lender when given as provided in thia
<br /> � .. , paragraph.
<br /> 1S. (�uvernlnR Law; Sererabillty. This Security In��rumem xhall hc govemed by fcderul law und Ihe luw of the
<br /> jurisdiction in which the Pmpeny is lacuted. In�he event�hu�uny pro+ision ar cluuxe of this Security Inatrument or Ihe Note
<br /> `� conflicls wilh upplic�ble luw,xuch conflict shall not affert other provisionx of�his Securily Instrument nr 1he Nde which can
<br /> be given effect wiihaut the contlicting provision. 7b this end Ihe provisions of this Securily Instrument and the Note ane
<br /> doclared to 6e severuble.
<br /> . lb. Borrower's Copy. �armwer shull be given one conformed copy of the No�e and of thi4 Security Ins�rument.
<br /> 17. 7�aasfer of the Properly nr a Beneficial Interest!n 8orrowen If all or nny pan of the Pmperty or uny intcrest in
<br /> ;;;`: ' , I it is soW or trons(erred(or if a beneficiul interest in Bortower i4 sold or irunxferrcd und Bomower is not u natural person)
<br /> ' " '�'� wi�hout Lender t prior wrltten consem, Lender muy,al its option,reyuire immediule puyment in full of all sums securcd by
<br /> '�i;,;�.`•j ' I �his Securiry Instrument. However,this option shall not be exercised by Lender if exercise is prohibited by fedenl law as of
<br /> ;,���;` the date of thi�Securily Instrurnent.
<br /> ; - If Lender exercises�his oplion,Lender shull�ive Borrower notice of ncceleralion. The notice Qhall provide a period of
<br /> . . not less Ihnn 30 days irom the dote the no�ice is delivered or mniled within which Borcower must pay nll sums xecured by this
<br /> , Security Instrument. If Bormwer fuilc lo pay Ihese sums prior to�he expirution of Ihic periad, L.ender may invoke ony
<br /> remedies permitted by Ihix Security In�trument wi�hout Punher notice ar demund on Bom►wer.
<br /> � 18. Borrower's Right to Reinslale. If Bomower meets ccnuin rondNfons, Borrower xholl hnve the right to hove
<br /> enfarcement of thn Security Inalrument dincontinued at nny time prior to the eurlier oi: (a►S dayR lor such o�her period ag
<br /> • Single Family--Emnk ModFYeddk Mx UNIFORM INSTRUMF.NT--Uniform Cmenams 9/90 fpuRe 4 n/A/wReal
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