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<br /> --- ; 92- 106184 __
<br />'•'�� � condemnadon or alher laking of eny purt of�he Prap►:ny.ur for convoyance in lieu of condemnation.an:hercMy aswi�ned ond
<br /> -- - � rhall be paid to Lender.
<br /> -- In the event of a total takin� of the Property, �hc proccedg Rhull he applied to �he Numx xccurcd by Ihix Security
<br /> Instrumem.whether or nat �hen due. whb any cxceR�pafd to Bonawcr. In �hc evcn� uf u puAiul Iukin�uf'Ihe Pn�cny in
<br />-= which the fair market valuc of thR Praperty immediutely befom thc�ukfng iK cquul �o�+r greutcr�hun�h�umcwnt of the xumx
<br /> ,� � � recurcd by thix Secur�ty Inxtrument lmmcdiutely before the tuking,unicxw H��rruwcr und l.cndcr othcrwf,c ugrcc in wnting.
<br /> ;.-� -- the sums secured by this Security Inst�ument shall be redueed By�hc nm�►um of �hc pnxccdr muUlplied by thc 1'nUowing
<br /> fi�ction: (u)�he totol amount of the auma tiecured immediatcly bcG►rc thc tuking,.livicled My(b)the i�ir murke�vulue of'thc
<br /> — _—___—__ Property immcdiAtcly hefarc the luking. Any bulancc tihali ix: pufJ tu Borrowcr. In thc cvcnt of u paniid�nking of'thr.
<br /> - Praperty in which the fair market valuo af the Propeny immcdEu�ely befon� the tuking ix Ic4s thun�hc amouni of�he xumx
<br /> xecured immediately before Ihe taking, unless Borrower und Lender athcrwisc ugrcc in writing or unicxs upplicoblc luw
<br /> �•�@�'Of°°_"_"! otherwlse provides,the proceede shail be applied to the sums Recured by this Security Inxtrument whelher or not the oumx a�e
<br /> ��:.;�.�. then due.
<br /> • If the Property is ubandoned by Borrower,or if,nfter notice by Lender to Borrower�hat ihe candemnor offerx to mukc
<br /> ����� un awurd or r,ettle a claim for dumages,Borrawer fails�o respond to Lender within 30 duys uftcr the dute Ihe notice 1�given,
<br /> �� -` Lender is suthorized to collect and apply tbe proceeds,ul i�s uption, rither tu restoratiun or rcpuir af the Propeny or to the -��-
<br /> —� , `� sums secured by this Security in�trument,whether or not ihen due.
<br /> ��;�•�,-� Unless Lender and Borrower othervvise agree in writing,uny applicoteon of praceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in purusmphs I and 2 or chunge the amount of such paymonts.
<br /> 11. Borrower Not Released; Flnrbearance By I.ender Not a WAiver. Extensian of tha time for payment or
<br /> i._ss.�--__.� modificntion af umortizaiion of the sum4 secured by this Security Inxtrument granted by Lender to any successor in interest
<br /> �m������ of Borrower shall nat aperute to relea�e the liability of the original Borrower or Borrower� successo�s in interest. Lender __
<br />----- _- -''_;;�; shall not t+e m.quired to commence praceedings aRninst any successor in intemst or refuse to extend time for payment or �
<br /> --�>-��'�~` �r�' atherwise madify nmartization of the sums secured by this Security lnx�rument by reason of any demand made by the originul
<br /> --,��`�'�:�r�k 'rf , ' j
<br /> �: ;�,�,,;��,•, ,ti Borrc�wer or Barrawer's successor�in interest. Any forbearance by Lendar in exerciaing any right or remedy shall na be a
<br /> ".�:�s+:��=�r�Y'_•,• � waiver of or preclude the exercise of any riglx or remedy.
<br /> '�.�.w� � 12. Successors and Assigna Bound:Joint and Several I.tability;Co-signers. Thc covenunts und Asreements of this =_
<br /> �`'''^�����:�'� . Secu�ty lnxtniment shall bind and bene�t the successors sind assigns of Lender end Borrower,subject to the provisions of
<br /> •,ar�;:::;�;,,,,;��;� paragruph 17. Borrowerc covenanis and agreements xhull be joint and several. Any Borrower who ca-signs this Security �,;-
<br /> `- �`��'�'��' Instrument but doea not execute the Note: (u)is co-signing thia Securlry In.trument only to mortgAge,grant and canvey thut �_
<br /> -,.��.•,:��`�'�:.x�
<br /> ,,�,�„�'�,;��. •�-��,�,�•y�h;. Borrowers interest in the Propcny under the tcrms of this Security Insuumenr (b)is no[personnlly obligated to pay the sums
<br /> - • ;�n�;���'�- ;���+ secured by this Securiry Instrumenr und(c)ugrees that Lender and any other Borrower muy agree to extend,modify,farbeur
<br /> :����� '���•,-�'� or muke any accommodatians with regnrd to the lerms of ihis Security Ins�rument or the Note withaut thut Borrowerx
<br /> y�� -
<br /> � • '' ' consent.
<br /> � �� � � � 'Si �' 13. l.a�n Charges. If the loun secured by this Securiry Instrument is subject to a luw which sets maximum loan
<br /> —.,.;�,�.,:.y,. �.d-;.,--.T cha�•ges,and that law is finally iatecpreted so that the interest or other lo�m ch��r�P�s collec�ed or eo be collected in connection
<br /> �•.- .• •• with the loun exceed the pr:rmitted limits,then: (u)+uiy such lonn charge shall be reduced by the nmaunt necessary�a reduce
<br /> ' t6e chnrge to Ihe pertnitted limil:and(b)uny sum�:ulr�udy collected from Borrower which exeeeded permitted limi�s wlll be =
<br /> ,•.,•c,:�`,J.�f���� refunded to Borrower. Lender muy chaose to muke this refund by reducing�hc principal awed under ihe Note or by making n _
<br /> " �. •. .; direct puyment to Borrower. If u refund reduces principnl,the reductian will be treoted us u purtiul prepayment witbout any
<br /> prepuyment churge under the Note.
<br /> � '.". �.. �b 14. Notices. Any notice to Borrower provided for in this Security Ins�rumenl shull be given by delivering it or by —_
<br /> ���' � � mailing it by flrst cluss mail unless upplicuble luw r+eyuires use of unather mcthod.The notice shnll be directed to the Property
<br /> v,,�,,..�y,�,�; �::
<br /> y�,,., Address or uny o�her uddresx Borrower dc,ignutc�by noticc lo Lcndcr. Any notice to Lender shull bc given by first clsiss
<br /> �'•'�''` mai)to Lender:s ucldrr+s stated hcrcin or uny other•rddretis Lendcr designutes by noticc to Borrower. Any notice provided for �,
<br />-� •`�'�'. . � o w or Lender when iven ux rovided in thia --
<br />°� �°r"�"�� in this Security Instrument xhull tx: dcamed to have been given k B rm er S P
<br /> "�o;F�; PumgrnPh• --
<br /> �•�- � :.�.:� _�� 15. Governin� Lpw; 5everubillly. Thi+ Sccurity In.trument xhull lx govemed by federul law and the law of the
<br />_ — �`''�a!�''� jurisdiction in which the Property is locu�ed. In the evem thut uny provision or cluu,e of�hiti Securiry Instrument or the Note
<br /> . �_-
<br /> -- contlicls with upplicuble luw,such conflict shull not uffcct otlxr provisi�mti of this Security Intitrument or the Note which can ��-
<br /> — ° ;, ,; 3,,,��� be given effect wilhout the con0irting provixion. To this end the pmvisionti of this Security Instrument and the Note are
<br />- �� �' declamd to be scvcruble. -
<br /> . • 16. Borrower's Copy. Borrowcr tihull Ix�given one confornicd copy iif Ihe Notc und of�hix Securi�y lnstrument. —.
<br /> - .••�• � 17. 7Fansfar of the Property or a Beaeticial lnterest in Borrower. It'uU or•rny pun of thc Propeny or uny intcrest in
<br /> 1�'��.�,_,.,., :,.�. it is sold or�runsferced lor if u beneticial intrrest in Bormwer ix,old ur trunsferred und Bormwcr i+ nat u nutural person)
<br />_,•�." without Lendcr's prior wripen canxcnl,Lcndcr may.ut it+oplion,rcquire immcdiate puymcnt in full of ull sums cecured by
<br /> ���°�• ��` � this Sccurity Instrument. However,this aption whall not l�excrc�i�eJ by Lcmlcr it'cxercise is prahibited by federal Inw as of --
<br /> the date of�his Sccurity Instrumem. w
<br /> � '." If Lender exercixes this option. Lender shall Eivr Borrnwer ix�ticr of arceleru�ion. The no�ice vh�ll provide u period of =
<br /> _--' �_• '-���:'�.� "• ' not less thun 30 duys fmm�he dutc thc notice i�dclivcrrd or m�ilyd within which Dorrowcr muu puy ull.umx secureJ by Ihis -
<br /> � � ' Securiry Intitrument. If Borrower fuils a�p:ry the.c Kumx prior to thr expirati�m at'�hi+ �ricxi, Lender muy invoke smy
<br /> � � . � ' remedies permitted by tHi�Srcuriry In+lrununt withow furthcr notice��r demanJ on Hortower. �=
<br /> .,._
<br /> ;;�; � ' • 18. Borro�rer'!� Ri�;ht to Reinstate. If Horr��wer mcct. ccnain conditiuns, Rorrowcr�h:dl huvc the right to have
<br /> '�� ., ., enforeement uf this Securiry Im�rumem di�r��minurd at uny linx prior to�hr carlirr ut': la) S days lor.urh athcr period a+ �-_
<br /> � ,� Singlc FamilY••F'n�w�ie Mae/Freddie Nw UNIFIIRM INtiTRI�AfIStiT--Umfomi Covenanl� 9/90 qiuge J r�n pu�esl ��
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