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<br /> . - � ? paymeats may ao toager ba required,at tho vption of I�aader.if tnottg,�ge insuraace covecage('m the amount aad for the periad °. '��`
<br /> ` .. ` ,k� that Leader mquires)pmvided by an insuter agpruved by Leader again beo�mes availabte aad is ebtained.Bonower shall pay ,
<br /> ' . `.;� the peemiums reqai�d to maiataia moitgaga ias�nance in atTe�.or t�provide a loss reserv0.tiat�the reqwremeat for mor2gage
<br /> . insu�ance eads in acxordaace with an�s writt�agreement hetarem Bon�wer eud Lender or app�cabte Iaw. .
<br /> ' -. � 9.I�cp�on.Lendet or iis egeat may maga reasonabIa entrie9 apon�d insputions af the Pmgerty. Leuder sball give � ..
<br /> • :'� Bonower aotice at she timo of or�ior to an inspect�oa spe.cif�in8�onable causa for the iaspectioa. .
<br /> . � 10 Coade�nnat�oa.'Ihe pioceeds of uny aw�d or ctaim for dama,�s,dinect or consequeniiaL.in connection with aay �' ..
<br /> , , . coademnation or othe:takiag of aay part of tha Preperty,or for conveyanca In Iieu of candemnation,aze hereby assigaed aad ' .,
<br /> � °f� s6a11 be paid to Leader.
<br /> �:� In the avemt of a toml miting of tiie Prnperty,tha p�s small be applied to tha sums secured by Wis Seciuity Insdniment, '• .�;'.
<br /> = -�`'�: whethar or not then dua.witL aay excess paid w Bormwer.Tn the event of a paitial mking of the Property in which the fair . `r�'.
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<br /> � --- .-- maskst valus of the Ptoperty immcdiaeely bafma the t�king is equal w or greater t�a the amouat of the sums secu�d by this
<br />. 4 ..'� - Securiry Instiam�at imme�isLely befote the mking.uatess Ennower and lender othelwise agree ia writing,the sums seciued by ,
<br /> . ,. this Sxusity iastrwuent sLall be roduced by the emount of the gtoceeds ami6plied by the follawing fraction: (aj the Wtal .
<br /> �'• '`� &mouat of the sum9 set�ed 3mmed3stely 6efote the fs�g�ditRdod by(b)the fa�m�lce.t�1ue of the Progerty imme�iatPIy
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<br /> . ,��.: • befo:e the�g. Any bataac$eball 6e patd w Bossower. Ta the event of a partial takmg of the Property m wLich the fair
<br /> , � . ma�icet value of the Pruperty immedisLely befote$te tsldng is Iess tl�aa the amount of t$e sums socuted i*nm � rply befo:e tfle
<br /> . . : taIdnB.unlc�Borrowet and Iet:det ofherwise sgcce tn writing or�applicab2e law othera+ise pruvid�s.the proceeds sball �
<br /> �. . � be applied Oo the swns sec�by tbis Sec�uity In�umr�t whether os aot the snms ac�then dns.
<br /> ; . �� If the Ymgerty is abandoned by Bonovrer,or if,afier notire by I�nder W Borrower Wat the oondemnor offcts to make aa
<br />_ , ,• ;, award or settte a ctaim for damages� Boss+ower faits to�espand to L�der withun 30 days aRer the data the aotice is givca,
<br /> • ;. '� LEnder is awharued w oolIect mid aPPIY�P��•at its option,either to�on or rapa'v of the Fmperty or to tha svms .., �;
<br /> � secured by tbis Security Inshvmmt,wlzether or not tHe,n dae. ��`
<br /> . ' Uai�Ieadet sad Borrower othe�rise agree in writinS, anY agplicatioa of ptacmds w pnindpal shsll not ex�d or ,-:`:,;..
<br /> � � postpone the dne data of tbe montbly payments iefened to in paragaphs 1 ead 2 or changa the amaunt of such paymeats. �
<br /> 1L Borraw�Not Eeleased-,Fosr6earance By Leadar Not a Waivar.Exieasioa of 8rs tima fos payment ur mo�cation .� .: "
<br /> . - �-. of amoR'�tioa of tha sums secured by thi�Security Ia�t gisnied by Le�der to aay euccessor in mUe�est of Eamower abari �-,.
<br /> : . . . �.•:# aat ape:ate to rehasa tbe 1ia6itity of the origmal Borrower or Bormwer's successozs i�s intes�st Imder sLall aat i�ea required to .
<br /> , .,i wmmeace prooeedings ap�inst aaY aucce�or in mtese.vt or refnse to axtend time for pyment os othetwise mo�amo�s; �;�...�.
<br /> . .. ,. ,�;:?: of tha soa�� by this Secoriry Tnar.,�n,�t by reason of airy demand mada hy the orig�r�i+ Bormwr�r or Bonowc�"�
<br /> . :.���r��; s�ois in interest.Any gorbea�ance by Lender in�ng aaY rig�t or temedy sball nci Tae��siver of or preclude t3ie . 1_
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<br /> - • exe�Ise of a�r right os�. �.•
<br /> , � 12. su�a��ua�Bo��dot�:�a se��,�ucy,Ca��a 1he ccve�snta aad agreements of tbis
<br /> ,. � Sewriry I�ost�ent shal!bicd aad benefit We successors and assIgns of Le�der sc��a�uwet,subjoct W tha pnovIsions cf ���;�,
<br /> . : Parag�aph 17. Bbrmwer's cove�aab snd agceemeats sLall 6e joint aad sevezal. A.���rm�za vrho co-sigos thia Sea�� '';;�:
<br />- � � � s:; lnshumeat but does aot e�xate the Note: (a)is co-sigpiag Qus Seaasty 1ns��ment only to�ga,grant and cos�vey t'� T�';�
<br />- . . . �� F,r�tmv�er's intezest In the Property uuder We terms of ttns Soauiity lnstrumen�N)is aot pesnnaUy obli�ted to pay the s�tr�s .
<br /> . � �: �ed by this Serudtq 1ns�u�en�ead(c)agrees thst Lr�der aad aay other Sar��,��ay ag�ea to extend.m�a�k3y,forbear or
<br />- • � �.:,`.Y maka aay accommodarions with rega[d W the terms of thfia S�urity Instrument or tfie Ydmie without tlmt Borruwea"sc.�nsen�
<br />- ., . .�;'Y_� 13.Laan Cltarges.If tha Ioaa s�by tt»s SectttIty Insaumeat is sub�ect m a laa+w?�ch sete�toaa chax�. _ _ --
<br /> : . . . and tbat law is finally iateipxcted so that dcs ia0aiest or other toan charges coltected os w ba c�d ia conneMion wi��
<br /> . • . toaa exceed tha permiued limite.the�: (a)say such lo�ci�arge sLall be�duced by ch�amo�mt r�essery to reduce tha charg,a --
<br /> - ,. ' w tha permitted Iimi�aad(6)anY su�s alieady wllect�d fcom Borrower wluch exce�* 3 permitted limita w�!be�+afunded to �l���:,�`-
<br /> . Bormwer. Lrader may choose w�co Wis zefaud by �ducing tha priac�pal owed tinder tiie Note or by ms�g a di�ai ��`�t''"
<br /> L :�. _ : paymeat w Boriawer. If a iefuad reduces principal. tha rEducilon vn71 ba tteated as a g�i.sA ptepayment vitthaut azr,� _
<br /> .. :. ,:. . ' P�Pa3'meat charge tmdet t�e Note. �. : -
<br /> • . 14.Notloes.Aay notico W Bouowar ps+�vidad for ia Wis Secu:itp��shumeni s1�be givea►by deliveriag it or by mailing - --
<br /> ,f,�`°' it try fust c2ass mail unIess applicable law�qoit�s use of acothet a�+�.1he aotice sball 60�ecxed to the Pcm�e�ty Add�ss � ''
<br /> _ ,�t�;�. .•�..�. or any other addr�,ss Borrawer desippatea by notice to Lr.ader. Aay notics w Lender a5all ba givea 1ry �d�ss ma�7.to
<br /> . . . L�der's add�ess stated hereia or aay othes address Leader desi�i?a3r not�ce w Borrower.Any notiee pre��ozd for ia.t�is .
<br /> .4�` .". . �•:�.?;� . Sec�uity Insetument shall ba d�med to bava beea giv�w Borrower ar�.mder when given av provided 4n tld�paragrapL. ' -
<br /> _ �:: ';f; ;.� 15.Governing Law; Severa6llit,y. 'tbis Secwiry Iasuum�t drall be govemed by' fede�4 law and tha law of the =
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<br />_- ; �� '"_'.,,.,�:�3� ;. jwisdIction in wlucL the Propeety Is loeated.Ia tha event tLat eny psovision or etmua of this�iry Iasbvmeat or t1�e Nota ,;,
<br /> ., r,,.< < �,�i� ccaflicts wiW uppllcable Iaav.Fuch co�lIc!ehEU not affe�t othet pt�uv3sion.9 of tbis Seoudty inct*rr��t or the Not��►+hiC$c�hs 'y%�t+�;•`;.
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<br /> �, ,°,: '! •; ';: . �rn effect without the con�icbng provi�,en.To this e�d the pmvisEcr:9 of Wis Security Insav�:and the Note are decL�d',
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<br /> ,�,:�r'' to ba saveiabla. , � ,
<br />�' ' � ` `. 16.Burmw�r's[:ugy.Bonoarer shall be givea ona conformed copy of tsa Note and of tl�is Security in�+ n . �
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<br />-—�;<: �ra�t 38 8/90
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