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<br /> -- � � 92.� sosns�
<br /> candemowtfon ar aher lakin�of rny p�rt oY tho Propcny,at far convey�uux in Neu of condemnatiotti,pr�a heroby�wfRned a�d
<br /> �hall bc pAid to Lenckr.
<br /> � In �he ove�t of A twai toking of the Property. the procceds rhall be applicd to Iho sumr xxurcd by thfc Saudty
<br /> Insuumen�,whether or not then duo.with any excess p�id to Bomawcr. In thc event af a partiAl uking of the Roperty in
<br /> which thc f�ir maticet v�luc of thc Property immediatcly before�he toking is aqual ta or grcut¢r than the amaunt of the rums
<br /> securcd by thia Security los�tument immediutely befor+e the taking, unless Borrower and Lender atherwise agree in writing,
<br /> , �he suma sacured by this Secu�ity insuumen��holl l�e rcduced by the amount of the Pmceeds multiplied by�he following
<br /> � fr�clion: (a)the total amoum of the sums secured lmmodlotely bcforc thc laking,divided by(b)the foir morket vdue of the
<br /> -- -------�� Pmperty immediately before the leking. Any Iwlance choll he puid�o Bornnwer. In the event of n partial tekin�nf the
<br /> Property in which the fair marktt vulue of the Property immediately bvfore the taking ix less than thc nmounl of the sums
<br /> Kcured immediutaly before the tuking, unless Bomnwer and Lender aherwise og�e in writing or unless uppHcabie luw
<br /> atherwise provides,the praceed.�shall be applied ro the suma sxured by thic Security Insttument whethcr or nat the sums anc
<br /> I thcn duc.
<br /> If the Property ix atwndaned by Barrower,or if,atler notice by Lender�o Borrower that the condemnor offers to maka
<br /> � an uward or settic a cl�im for damages,Borrowcr fails to respand to Lender wlthin 30 duys ofter thc date the notice j�given,
<br /> � Lender ig authorized to collect and apply the pmceedv,ac its nptiwt,either to restoralion or rcpai�of�he Pmperty or to the
<br /> wms securcd by �hia Security Instrument,whether ar nat then due.
<br /> ' Uniess Lender ond Boerower otherwi�se ogree In wridng,anyapplicution of proceeds to princip�l shall not extend or
<br /> postpono�he due doro of�he monthly puymenta referred ta in purag�phs 1 und 2 w chunge the umount of such puyments.
<br /> 11. Borrower Not Rdessed; Forixarance By I.ender Not a Waiver. Extension of the time for payment or
<br /> modfflcadon of tunortization af the cums xecured by�his Security Insuument granled by Lender to any successar in Inter�est
<br /> i of 8orrower shall not opemte�o releuse the liobility of the orlginal Borrawer or Borrower's successors in inten�st. Lender
<br /> shall not be reqaircd ta commence proceedings against any succesasor in interest or refuse tu exlend time for payment or
<br /> - - °' uthenvisc modify amortizution uF ti�e sum4 r+ewred by ihis Secudty Instrument by�tia�uu uf uny demand made by the odginal
<br /> ----�-�--- Borrower or Bornnwer�successors in interest. Any forbearance by Lender in exereising any right or remedy sh�ll not be a
<br /> ! waiver af or proclude the exercise of any right or remedy.
<br />�_�s:.��� 12. Successors and As4tgns Bound;Joint aod Sever�tl Liability;Co-signers. The covewntc nnd agreements af this
<br /> �—.. � Securiry Instrument shull bind and benefit the successors ond ussig�s of Lender and Boreower,subject to the provisions of
<br /> — puragraph 17. Borrower`x covenuntx und ogreements shell be joint und iseveml. Any Borrower who co-signs thls Security
<br /> lnstnxnent but does not execute the Note: (u)is co-signing this Secudty Instrument only to mortguge,grant and convey thut
<br /> ��.,� Borrowerk intcrest in the I'roperty undcr the ternis of A�ia Security Instrumenl; (b)Is not personully oblignted to pay the sums
<br /> secured by this Sccurity Instrument;und(c)ag�ees that Lender nnd uny other Borrower may agree to extend.modity. forbcar
<br /> ��t�� or make wny accommodatiarus with regard to the terms of this Security Instrument or the Note without that Borrowerk
<br /> ;,,• .i'^� consent.
<br /> 13. I.o�n Chptgea !f the laun secured by this Securi�y Inatn�ment is subject to u IAw which r,ets maximum loan
<br /> �.�� -.v..—� churges.and thut law is finally interpreted so�hut the interest or wher loun chiuges collected nr to 6e collected in connection
<br /> "—" ="`:�='=: wlth 1ha loan exceed the permitted limits,then: (a)uny such loan charge shall be reduced by the nmcwnt necessary to reduce
<br /> �=r=.ra.��
<br /> ��Y;+�- �- the charge ta the permined limit;and(b)uny sums ulready collected from Borrower which exceeded permitted limits will be
<br /> • ��.�t.. refunded to Borcower. l.ender muy choose to make this refund by reducing the principal owed under the Note or by making a
<br /> ''' '�� direcl payment to Borcower. If u refund reduces principal.�he reduction will be tneated as a partiul pnepayment wilhout any
<br /> ' prepayment chur�;e under the Note.
<br /> �•��:��.� . 14. NoUces. Any notice to Borrower provided for in this Security Imltument shall 6e given by delivering it or by
<br /> .:r� F:a..:' � mniling it by first clags mall unless upplicuble law requires use of another me�hod.The notice shall be directed to the Property
<br /> . ,�� .,
<br /> ,i�q�,twe Address or Any other uddress Borrower designutPS by notice to LenJer. Any notice to Lender shall 6e given by fint clnss
<br /> �'w»�•. ••;:+ ,,.;" mai)to Lender's nddress�luted herein or uny other uddress Lender designutes by notice to Borrower. Any notice provided for
<br /> in this Security Instrument shall be dcemed to hnve been given ta Borrower or Lender whcn given as provided in this
<br />..tw.j..r- �.. .,;.«� parugmph.
<br />_ .:�,�:. ��� ��� ' 1S. Governing Law; Severability. This Security Instrument shnll be governed by federnl law nnd the law of the
<br /> ��- � �` ' jurisdiction in which�he Propeny is lacuted. In the evem t6at uny provi�iun or cluuse of this Security Inxtrument or the Note
<br /> �.�*� conflkts with a I�cable Inw,such conflict shull not affect aiher rovisions of this Securit Inslrument or the Note which cun
<br /> `.�---�.°. PP� P Y
<br />. .�•:� be given effect without the conflicting provision. To�his end Ihe provisions of this Security Instrument und the Note ure
<br /> .y� declared to be sevemble.
<br /> ' �:;;;,;., 16. Borrower's Copy. Borrower shall be given one conformed copy af the Notc and of this Security Inslrument.
<br /> x,���.�;�,?�,� 17. 7�ansPer ot the Property or a Beneflcial interest in Borrower. If ull or uny p:ut of the Propeny or uny interest in
<br /> �.,;�.z�� it is sold or trnnsferred(or if a beneficiul intcrest in Barrower is wld or�ransferred and Borrower is not n nuturol person)
<br /> �•� • ,i without Lender's prior writtrn consent,Lender muy,ui i�s option,reyuire immediute p�yment in full of ull sums sccured by
<br /> X��^��'r: • this Securily Inxtrumem. However,this option shall not be exercised by Lender if exercise is prohibited by fedeml luw w of
<br /> �--^•$� :- the date of thic Securi�y Inxtrumem.
<br /> r.�.
<br /> ,�::.�'.�;;•. t i If Lender exereises this option.Lender shall give Borrower notice of urceleru�ian. The notice shall provide u period of
<br /> '__ ;"'':",".'�'_; I not Iess than 30 days from the date the notice is delivered or muiled wiihin which 8orrowcr mu.�pay all sums secured by this
<br /> Securily Ins�rumcnt. If Borrower fuils to pny thcse sums prior to Ihe expiration of�hi, periad, Lender mu invoke an
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<br /> � � � f�� � remedies pennitted by this Srruriry Inxuument withou�funher nolice or demunJ on Born�wrr.
<br /> , � 18. Borrower's RiRht to Reinsfate. If Bormwer mee�s cenuin ronditions, Borcowcr shvll h•rve the rigM to huve
<br /> ', � � enforeement of this Securiry Inxtrumen�dixonlinued ut any time prior to Ihc rarlicr of: 1u1 S duyx(or surh other periad ux
<br /> ,, ' Singk Family--Funnle Mae/I�Yeddk Nac UNIFqR�t INSTRIISfENT•-UnUumi Covenamr 9/90 IpuR����1 n I�+Resl
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