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<br /> canclemnation or othBr taicing of any part of the Property,or for convayance in lieu af condemnation,are hercby esaiQned aml �
<br /> siwll be paid to Lender. �
<br /> - In the event of u total teking of thc Property, the proceeds shall be applicd to the sums hecurcd by this Security
<br /> inshument.whethcr or nat then due,with any excess pafd to Bo�rower. in Ihe event of a partlnl taking of�he Properry in
<br /> which the fair market value af thc Property immediatcly before the taking is equul to or greater than the amount of tha suma
<br /> -.z: --=--:� secured by this Security Instrument immediately before the toking, unless Borrower und Lcndcr atherwfse ngree in writing, _
<br /> -. the sums secw+ed by thi�s Security Instrument shall be reduced by the umount of the praceeds multiplied by the following
<br /> �-�� frnctian: (a)ihe total amaunt af the sums secured immediately before the takir�g,divided by(b)the fair market valuc of the
<br /> Property immediutely before thc taking. Any balance shull be pAid to Bnrrawer. In Ihe event af u partial taking of the
<br /> Property in which the fair msuket value of the Property immedintely befare the tukfng iR le.rs thun the omaunt of the sums
<br /> xecurcd immediotely before the taking. unless Borrower und Lender o�henvisse ugree in writing or unlegs upplicuble law
<br /> olherwise provides,tho proceeds shall be opplied to the xumx scxu�d by IhiK Security lox�rument whether or not thc xums ane
<br /> then duc.
<br /> ' — If thc PropeAy is ubandoned by Borrowcr,ar iF,uf�cr notice by L.cnder tn Bormwer thut thc candemnc�r offcrx to make
<br /> ---— an uward ar=+etde a cloim for dumugex, Borcower failK ta re.r•�md w Lender within 30 duyx uper the date�he natice is given,
<br /> Lender ik nuthorized t�callect and apply the pruc��eds,at its aption,either�o rextoru�ion or repui�of the Pr�ny or to the
<br /> KumK xc�:ur+ed by thiK&ecurf�y lustrumen�,whethcr or not thcn Juc.
<br /> Unlcay Lcnckr ond Burr��wer Whcrwf� agrcc in wriling,uny upplirutian af pnxccdx u�priacipul shull not cxtcnd ar
<br /> pnxtpc►no�hc duc dptc of thc mumhly puymeu�n rcfemcd�o in puru�rnph�I und 2 ur chan��thc umuunt of xuch puymenl�.
<br /> — ll. Borrower Not Relewsedi FQrbeArance By I.ender Not a WAlver. Ex[cnxion af Ihc timc for puyment or
<br /> —`-�+�:���•��� madiliculiun of umattizu�ion af�he suma r,ecured by thix Sccurily Inal��ument grnnted by L.ender to�ny 9uceessor in interesl -
<br /> — '�''`�'�� of Bormwer Khull not operalc to rekuxc Ihe liubilily of Ihc originul Rorrowcr or BorrowcrK�uccexxorx in interes�. L.ender
<br /> �� ��� xhall nat t+e reNulred to commence proceedingx aguinxt ony xuccesxor in interest or refuxe to extend lime fur puyment or
<br /> ��nY��'�r�'�=`:;,,";�;, athcrwisc modiiy umoAi�ution of the�:ums secured by Ihi�Sccurity Imt�ument by reu+on of any demund mude by the original
<br /> ��"� B�rrawer or Borrower's successors in in�ereat. Any farbeurnnce by Lendcr in exercising s�ny right or rcmedy shull not be n
<br /> _-�..-�,,, waiver uf or preclude�he oxercise of Any right or remcdy.
<br /> ---��4��44� lE. Successors and Assigns Bound;Jdnt and SeverAl l.lability;Co-signera. The cavenunts und agreementx of this
<br /> �� ^F•�~•�''" Securiry Inxtrument shall bind and 6ene8t the successor:ti and assigns of Lender und Borcower.subject ta the provisians af
<br />����A'�:T. paragrnph 17. Bnrrawer�covenants and agreemenl.r• shull be joint und several. Any Borrower who co-signs this Security -
<br />-_?�"'�°�'�"' •°'��'' Instrument but dces nat execute the Note: (n)is co-signing tbis Security Instrument only to mong�ge, grant and convey thut _
<br /> --.��''��'y Borrower g interest in�he Properiy under the termx of this Security Iostrumenr, (b)Is not personelly obt iguted to puy the sums _
<br /> �„=••:,.. �`� secw+ed by thfa Security Instrument;and(c)ugrees Ihut Lender und any other Borrower may agree to extend,madiiy,forbeur
<br /> — or make smv accommodetians with r+egerd to Ihe termx of tbis Secu�ity In4tNment or the Note without thut Borrower's
<br /> _ �_'�n•.w�.t'�iF ,---� CO11f.COt.
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<br /> - 13. Loan Chatg�. If the loan secured by this Security Instrument is subject �o u Inw which sets muximum uun
<br /> °`�� �� � charges,and thut law is�nully interpreted so thut the interetit or olher loan chargeti collected or ta he cdle�ted in connectian
<br /> �;;_� ��?A'��w��•--��• - •�'� with the lonn exceed the pennitted limits,then: (u)any xuch loan churge shall 6e reduced by the umount necexsnry ro reduce
<br /> •:,;� '�°' • ' the charge to the permitted limir And(b)any sums alreudy collected from Borrawer which exceeded pertnitted limi�s will be
<br /> �'`• � refunded to Borrower. Lender may choose to make thix refund by reducin�the princfpul owed uader the Note or by muking n
<br /> -`� �•'� " direct payment to Borrower. If u refund reduces principal,the reduction will be treated us u partiul prepuyment without any
<br />`'� ���}��^•�� ���• prepaymentcharge underthc Notc.
<br /> . � :.�.:a:u:% F:,....ti,�s�►r 14. Notices, Any notice to Borrowcr provided for in this Securiry Instrument shall 6e givcn by deliverin�{ it or by
<br /> - •�:w� �+1 ^ � mailing it by firxt cluss mail unless upplicablc luw reyuires use of unother method.The notice shall be directed to the Property
<br /> '•��� ' Addresx or Any other ucldress Borrower designn�es by notire lo l.endec Any notice to Lender shull tx given by first class
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<br /> ;e�g .� muil to I.ender s address stated hercin or uny other uddre,+Lendcr desi�nutex by notice to Borrower. Any notice provided for
<br /> '_�' � ' ' in this Seauriry Instrument shall bc decmcd 10 huve hecn given w Borrower or Lender when given ns pmvided in thix
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<br /> . � purngruph.
<br /> - ��'•"^+"��'-�• �� . ' 13. (ioveraing l.aw; Severab8ity. This Securiry Imtrument zhnll be govemed by federul luw und the law of the
<br /> - 'a"'"°� jurisdiction in which the Propeny ix la:ated. In Ihe event thut any provixion ar cluuu uf thix Securiry Inxtrument or the Note
<br /> _T� �•.^3�°F�- °•�. � conflicts with applicuble luw,zuch contlict shall not uffect other provisions of this Securiry Inxtrument or the Note which can
<br />_ .,��&�• Jti ' � be given effect wilhout the conllic�ing provision. 7b thix end thc provisions of thix Security Intitrument und the Note are
<br />.H° �' "� ' •• declored to be severuble.
<br /> ��° • ' 16. Borrower's Copy. Borrau�er shull bc given onc confurn�cJ rupy of tlx Nar :md of thix Securi�y Inurument.
<br /> ' .rad,:�:,, °. 17. 71rs�ns!er of lhe Property or s�Seneflcial Interest in Borrnwer. If aU or uny p•rn of thc Property or any interest in
<br /> it is�old or trunsfeRed (or if a hcneticiul intercst in Borruwcr i, ,uld nr tranxferrtd und Bormwcr iti not u nutural person)
<br /> �;;.�x'�" without Lender's prior wrftten cnnsent. Lendcr muy.ut i�.option. reyuire immedia�e paymcnt in full of all sums serured by _
<br /> ,�_ e� this Security Instrumcnt. Nowcvrr,this nption�hull not tk cxerciseJ by Lendcr if exerci.e is prohibited by federal luw a�of --
<br /> . ��� • - the dute of�his Security Inxtrumern.
<br /> � �; • If Lender excrcises this optiim.Lcn�icr shuU givc Borrowcr ncnicr ol'ucccicrutiun. Thr noticc shall providc u period of
<br /> :,� ''�"'"`�` � , not less thun 30 day+from ihe datc�hc notirc i�drliven�d or mailed within which Rarrowcr must p.iy ull�um�xecurcd by this
<br /> . � Sccurily Instrument. If Borrowcr failx to p•ry thrsc sum� priur to .hc expiruiion�►t'�hi� �xriod, Lendcr muy invake uny
<br /> - „ remediex permiued by thi.Securiry Instrmnent witiiou�t'unhrr noiicc ur drmand on Borrnwcr.
<br /> � I8. Borrower's Right to ReinsWte. If Burn►wrr mcets crnnin runJitiun+. Born�Wer shvll h�ve �he right to huve
<br /> : .; ' enforcement ut'this Securiry Inxtrument di�continucd u�any timr prior tu Ihr rarlicr��t`. 1a15 d.�y.lur.uch ixher�xriad ns
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<br /> Sin�le Fumdy•-Fannle Mae/Freddfe�fur UNIM'OR�11Nti'fRl�\fFNT--UniGxm Cov�nont� 9/90 �puge J u�e�ues�
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