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<br /> ��Q�� LOANNO. 1559200761 #
<br /> 10.Condemnn4ion. The procseeds of any avrard or daim for damages,dtrect or consequeMlal.In connection with � � �
<br />- any condamrcdtlon or a4her taking oi any Rart oi the Property.ar far cortiveyance in lieu o#coruismnation,are herebY ' - - - � - - -' :�`.
<br /> ` assigned and shall be pald to Lender. ' . _
<br /> In the event of a tot�l taking of the Property,the proceEds shali bs apptied to the sums secured by this Security " __-
<br /> Instrumeni,wrhether or not then due,with any excess patd ta Borrower.In the evem of a paRial taldng of the Property tn , . ,
<br />• '� whlch the fa(r markei value of 4he Property immedtatety before the takirtg is equal to or greater than the amaunt of the �� . ' -
<br /> . sums secured by this Security UsWment immediately k�efore the taking,unless Borrower and Lender otherwise agrse tn � , :t •
<br /> waitfng,the sums secured by this Security Instruinerd shali be reduced by the amount of the proceeds mutti plied by the � ' ��--
<br /> • fotiowing fraction:(a)the total amount of the sums secured immediately b�fore the tak(ng,divided by(b)the fair masic�t .� . � .
<br /> valus of the Property tmmediaiety bafore the taking.My balance sha11 be paid to Borrowar.In the svent of a partial • � �
<br /> s taktng af the Property in whtch the fatr market value of the Property fmmediately before the taking is less than the • ` � ��
<br /> amourrt of the sums secured immediatety before the taking,unless BoROw�t and Lertder otherwise agree in writing or ` ' '. . �
<br /> uNess appitc�bte!aw otharwise provtdes,the proceeds shal1 be applied to the sums secured by this Security �' '. :, .'r�-'. "'�
<br />_ � Instrument whether or noi the sums ars 4hen due. � • • � __
<br /> , if the PropeRy is abandorted by Borrower,or ff.after notice by Les�deT to Borrat���at the c�rd�mnor offers to �.�;,;�y�,.�`
<br /> make an award or settle a claim for damages,Borrower tails to respond to Lender���.���days after the date 4C�►e . , - -
<br /> ,�� notice is given,Lender is authorizeti to collect and apply the proceeds,ai its optio��r�t�resioration or repair uf the • �.�_:�---.
<br /> Pro e or to the sums secured b thls Secu Insvumertt,whether or noi then d4a � ��+� � -�
<br /> � 1 P rtl/ Y �Y , -�----,.'q,f.;,_.:.
<br /> ' Unless Lender and 8orrowar otherwise agree in writing,any applfcatian of proceeds to R��er,ci�shall not extend or � . �.�;�:". ' �
<br /> postpone the due date of the monthfy paymertts refer�ed to fn paragrapfis 1 and 2 or change tlt�amourrt of such � • _ `
<br /> .� , . � �: .
<br /> pa}(RI@11tS. ��'� �
<br /> .=� 11.Botrower No!Released;Forbearance B Lender(�at a Waiver. Extensiaes af�rE time for a ertt or '�
<br /> y P Y►►t �.`;'�' �' ,'
<br /> rrtadiflcailon of amortization of the sums secured by thls Security Instrumem granteef�,�r��nd��any sttccessor fn �,. _
<br /> . iMerest of Borrower�hall not operate to refease the Ilabqity of the odgirtal Borrawer a�I�ci.;��Tw s successors in � � � '
<br /> inierest Lender shali noi ba requtred to commence proceedings agatrtst any su�.�r'��a ieit���or retuse to e�dend . � � '.:`�'��
<br /> Ume fior payme�tt or otherwise modfiy amortizatlon of the sums securerl by this Ssar�'��tnsirurrses�t by reason of any -
<br /> � dera�sad made by the ortginal Bonower or Borrower's successors in interest Any fc�nce by Lender in exerctstng - ,j�- '� ' �a
<br /> a��'nt ot remedy shall not be a waiver of or preclude the exercise of any right or remedy. . ��f
<br /> 1�.Successor�as�d Asslgns�ou�d;.9a€�tt and Several Liabi.�;Co-signer9. The cove�and agreements of �.�;�,,;,, •� ' �:'�.
<br /> � th3s Security Inst�umer�t shall bind and bene;�46ie successors and a�'��. of Lender and Borra�rfEr.subJect to the . ;�E�, :
<br /> pro�tsfons of graph 17.Borrowers covertants and agreemeMS s?�a];ae joint and several.i�4�arrower who ` —
<br /> � c�s�ns thts ecurity Instrumerit but daes not execuYe the Note:(a)is co-sfgning this Security i�aument onty to "�-����-j� �� `�
<br /> � rnortgage,grant and corney that 8orrowePs interest in the Property under the terms of this Sec�rity Instrumerit; @j is �Y• �i .
<br /> not persona(Iy obOgated to pay the sums secured by this Securfry Instrd:me�and(c)agrees that Lender and any other - `_
<br /> , Borrawer may agree to extend,modt(y,for�aar or make any accomrri�ons with regard to tir�tcrms of this Security � �r�,-� ,:�=°`
<br /> Insuument or th��ote without thai Borrow�'s consern. •����. -,��,,,�'�
<br /> 13.Loan Chargee. If the loan secured��this Security Instrumerit is subject to a law which sets maximum loan .. ,`�t�"�°'�
<br /> charg2s,artd that law Is finally Interpreted so tfiat the fMerest or other toan charges cdlected or to be collected tn � "� � �,�
<br /> . eerae��on with the toan exceed the permft!ed Iimiis,then:(s)any such loan charge shall be reduced by the amount `=?�-�ad�,'�,� �`�
<br /> necessary to reduce the charge to the pem�:�":ed Um(t;and(b)any sums atready coltected from Bortower which . -�-��.��-;
<br /> exceeded permiited lim�s wili be refunded t�I3orrower.Lender may choose to make thts rofund by reductng the -�-��, -
<br /> � pdnclpal owed ur��r the Note or by making a direct paymant to Borrovrer.It a refund reduces�a�ip�l,the reductlon ."��_--- - -;-.�-�_,.
<br /> . ' wUl be treated as a partial prepayment wfthout any prepaymertt charge undet the Note. --
<br /> 14.Notice�. Any notice 4o L�oROwer provided far in this Securfry Inst►umerrt�I�f be given by deliverirtg it or by � ��-�-�_---
<br /> ma(ling(t by flrst cfass mail un:�s appltcable law requires use of anather method.4�3 noUce shall be direcEed to the • -:-,���:.;,,.,.�_.-
<br /> � Property Address or any othsr address Borrowar designates by noUce to Lender.Any noiice ta�:.ender shatl be g(ven ,. Y :,:,,.�,:;.�•, . -_
<br /> ,.•.�' ' by Hrst class mail to Lender's address state�R�2rein or nny oiher addr�Lender designat�s ti�rr��ce to Borrower.My ;�,�
<br /> notice provlded for tn this Security Ie�strumeM shall be deemed to hs:�^�i�een given t�Qorra�:eer ar�.ender when given � __-
<br /> as provided in thts paragraph. . . _ ' _ .�. �
<br /> �-:.
<br /> $�•
<br /> 15.Goveming Law;Seversbliity. This Security in�i�rc2rn s�~�:t�be govemed by federal iaw and the law of the . - � �—
<br /> juris�ictlon in which the Property is located.In the evem th�t�ay�r:,tan or clause of this Securlty Instrument orthe �. ._ . .
<br /> Noto conflicts with ap�itcable law,such conflict shall not affect a�th���vlslons of this Securiry i�strument or the Note
<br /> which can be given effect without the conflicting provision.To this c+���-e provislons of this S��c�rity Instrumerrt and the
<br /> Note are dectared to be se�erabte. . � � ---
<br /> , 90. B�rtower'e Copy. �arrower shaSi be given orv ca°►'!ormed capy of the R4vr.a nnd oi thts Securiry Inswmern. : ��
<br /> 17. Transter of the Rroperty or a Benoftcial Interest in Bon�v��z. If all or a�y part o}the Proparty or any . . �
<br /> iriterest ln it ls sa!d or transterred(or if a bsRfi�clal Ilrterest in 8orrar,t-is soid or trartsferred arsd�orrower Is noi a � .
<br /> natural person)�v�thout Lender's prior wrrte�n consent,Lender may,�'.'".'s optton,require imme�ate payment in full of ali � �_t
<br /> . sums secured by this Securiry Instrument. However,this option sha�l not be exercised by Lender if exercise is � �. � �°�_-
<br /> • prohibited by federal!aw as of tho date ot this Security Instrument. ,
<br /> . HEBAASK/�SIN6LE FAINILY-Ff71'M/FFOLPAC UNIFORM INSTRI(, @�JT FOAM 30289/80 � � . �
<br /> . • ISC/CMOTNE//0792/3028(9�90}L P�OE 4 OF8 � �
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