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<br /> ���� condemnotion or othcr tokM�of any purt of the Property,or fnr conveyance in licu of randemnotion,�rc herc6y assi�ncd and
<br /> slwll lx paid to Lender.
<br /> ;� Ia the event of a tota! taking of tha Property,the proceeds shull be upplfed to the suma securcd by this Secudty
<br /> - t'�'�„';;.� '7r• lnsuurnent.whether or nw then due,with any excesa paid to Borrower. In Ihe ovent of a partiul taking of Ihe Propeny ln
<br /> , �S+•4y� -� � � ,��.• whlch the fair market value of the F'ropeDy immediately before the tol:ing is equel ta or grcater then the amount of�he sums
<br /> ��� :°b • suured by this Secur�ty lnstrument immediAlely beforc the u►kinR,unless Borrower and Lender olhenvixe agrce in writing.
<br /> �: �,"n•.a•, the wms secuted by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following
<br /> � :• :; feaction: (a)the tot�l amount of the sums securcd immediately before the taking,divided by(b)the foi�mprket value of�he
<br /> �� d4 n Property jmmediately txfore the teking. Any balonce sholl be paid to Borrower. In the cvent of a partial taking of�he '
<br /> •��� :••� '>' • �� Property in which the fair muket value af the Propeny immediately before the toking is less than the amoum of the sums
<br /> �.� -•; :, "''' ' Y r�+. socurcd immediutely before the taking, unless Borrower and Lender atherwise egae in wrning or unless applicable law i,c'rr.
<br /> _: < � otherwlse provides,the praceeds shall be upplied to the sums securcd by this Secudty Instrument whether or not the sums ore
<br /> . •"•��." .: t' then due.
<br /> '��-=1�.�� .��:.
<br /> � `.�, If Ihe Praperty is abandoned by Borrower.or if,after natice by l.ender to Borrower that the condemnor offers to make _.
<br /> _ .:r•,.� . . un award or seple a claim for damagcs,Borrower fails to rcspond to 4ender within 30 dnys uf�cr thc da�c the notice is given, _
<br /> ���'� Lender is authorized ta collat and apply the proceeds. at i�s option,either to restoration or 2psiir of the Propeny or to�he —
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<br /> ...,a,.. , . •.� sums securcd by this Securiry Instrumen4 whether or not then due. ��_.
<br /> � ? .. � ' Unless Lender und Borrower othenvise agree in writing,eny application of proceeds to principal shall nat extend or --
<br /> __ :'^ •. _ �=,.,� . postpone the duc date of the momhly payments referred to in p��Phs 1 at�d 2 or change the amount of such paymcnts. ---
<br /> ,,�;�,;, ,.•.._' :" �,�.;L 11. Borrower Not Released; Forbearance By Lender Nat a Waiver. Extension of the �ime for payment or
<br /> � ;,�� •. � �t , maditication of amoniza�ion of the sums securcd by Ihi�Security Inscrument granted by Lender to any successor in lntercst
<br /> r=;.., ' !� of Borrower shall not operate to release the liability of the ariginal Borrower or 8orrowert successors in interest.Lender _ _
<br /> - "`�' -� shelt na be required to commence praceedings against any successor in intercst or refuse to extend time for payment or
<br /> ��" " othervvise modify amortization of the sums secured by this Security Instrument by rcsison of any demand made by the original
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<br /> Borrower or Bo�rawer's successors in intercst. Any forbearance by Lender in exercising any right or rcmedy shall no[be a
<br /> -'�=- �F w�iver of or preclude tha exercise of any right or remedy. --_
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<br /> "'=� ` �, . .,. ,;�,� 12. Suceecsort wnd AssiQns Bound;Joint And Several Liablliry;Casigners. The covenants and agrcements of this `:
<br /> " .. � ,, Security Instrument shall bind and benefit the successors end acsigns of Leuder and Borrower, subject to the pmvisions of
<br /> {�� parngraph 17. Borrower's covenants end agreements shal!be joint nnd several.Any Eiot7ower w•ho co-signs this Securiry �_-
<br /> ;r � , • Inswment but does not execute the Note: (a)is co-signing this Security Instrument only to mortguge.grant and convey that —
<br /> ��;�. .. , � Borrower's intorest in the Property under the terms of this Securiry Insavment; (b)is not personelly obligated to pay the sums �`
<br /> --�� � o . secur+ed by this Secudty Instrument;and(c)agree�that Lender and nny other Borrower may agree to extend,madify,forbwr
<br /> -- _ " or make any accommodetions with re�ard to the tertns of this Security Instrument or the Note without that Borrower's =
<br /> .;,^` � . � - conscnt,
<br /> -° ,�.�,_, __ 13. i.oAn Cbarges. If the loan secured by this Securiry Instrument is subject to a law which sets mtucimum loan
<br /> �,.. •- � .
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<br /> - charges,and that law is finally interpreted so that the mterest or other loan charges collected or to be coliected in connecnon _
<br /> _-� r ;�,,, wi�h the loan exceed the permitted limits,d�en: (a)any such laa�charge shall be reduced by the amount necessary to reduce
<br /> : "�r'aj� ' the chs�r�e to the pertnitted limit:and(b)any sums alreudy colkcted from Borrower which exceeded permitted limits will be �
<br /> �•`` � -;�, refunded to Bortower. Lender may choose to make this refund by rcducing the principal owed under the Note or by maki�g a
<br /> �'= � � , ,� dircct payment�o Borrower. If a refund reduces principal,the reductlon wfll be ueated as a pantial prcpayment without any
<br /> a%:°" prcpayment charge undor the Note. �='
<br /> __- � . 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> -°`` ' •. mailing it by first class mail unless applicable law requires use of another me�hod.The notice shall be directed to the Property =-•
<br /> �. • :• Address or ony other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class �"`"
<br /> � mail to Lender's address stnted herein or any other uddress Lender designates by notice to Borrower. Any notice provided for F"�
<br /> �+ . • • � •� in this Security lostrument shall be deemed to have been given to Borrower or Lender when given as provided in this t__.
<br /> `�-� ' paragraph.
<br /> -'••��„ ' 15, GoverninQ Law; SeverabUity. This Security Instrument shall be governed b�• federal law and the IAw of the �'�
<br />-�- � , �, t;. � jurisdiciion in which the Prapeny is locuted. I�the event that any provision or clause of this Securiry lnstrument or the Nott --
<br /> : � .� canflicts with t►pplicable law,such conflict shall no[affect other provisions of this Security Instrument or the Note which can K
<br /> k• • •'. be given effect without the conflicting provision. To this end the provisions of this Security Instrum�ent and the Note ore �
<br /> declered to bc severcble. --
<br /> - " ° 16. Borrower's Copy. Horrower shall be given one conformed copy of the Nore und of this Security Instrument. —�
<br />� ' 17. Transi'er of the Propert�•or�Beneficial Interest in Borrower. If uU or any pan of the Property or uny interest in R_
<br /> it{s sold or transferred for if a beneficiul in�erest in Borrower i�,old or trunsferred and Borrower is not a nAtural person) "
<br /> , . without Lender's prior written ron�ent,Lender may,at it�option,reyuire immediate paymem in full of ull sums secured by
<br /> ., „. this Security lnstrument. However,this aption shall not br exerci�ed by Lender if exercise is prohibited by federal law as of - -
<br />' ,. � ehedateof this Security Instrument. ���-
<br /> - . " If Lender exereises this option.Lender shall give Borro��•er ndice of acceler•rtion. The notice shall provide a period af �
<br /> ' , not less thc+n 3U days from the date the natice i�delivered ur mailed within which Borrower must pa�•all xuma secured by thiti '
<br /> ' • , �� Securi�y Inxtrumenl. If BorroWcr f•ril. to pa� thezr sums prior lo thc expiration of this perwd.Lender mAy invoke nny
<br /> � . remedies pemiitted by thi�Securi�y Instrument w•ithoul funher notice or demund on Bortower.
<br /> . 18. Borrower's Right to Reinstate. ff Barrower meei� cen�in ronditions. Borro��•er shall have the riFht to have
<br /> �� enforcemem of this Securicy Imtrument di,continurd at any timr pri�r to the e•rrGer of: (si S days lar�uch other periad as ,
<br /> ' " Sm�k Famil�••Fwnnle�fadF'redd{e Moc C\IFORM I�STNI'MENT--Vnif�rtn Co��enantti 9�90 qwgr4 nfA/wXc�/
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