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<br /> - p�saoay no lo�et be,reqtri�at tLe ap�ion of L�der.if��C��fia tb�a�ouot�a�d foc d�period ;:. , .
<br /> �F�r°�)"P�'��l►��+��PP'�Y�1i5'i�=+A�°�avaifa6�k md'u abniaed:.Borrdw�r��It pa�<
<br /> tt�e pami�ims reqiti�+ed to m�intain ina�tgag�ins�rwoe.id e�ect,o=to provide a,tvss rt�t,u�til t�e nd�ca�far�o�tE�e, . .
<br /> insn�artoe eads ia a�ocdarice with aap wtutee agr�armcnt betwEa�Bodowar aad Irender er ap�ipihle laa� �. .``. � ..
<br /> � �.Ie�o�.I�der ar is ag�t may e�ake se�samble e�u.s�apan awd����nY.��.S��° . .
<br /> . Borrow�mtioept�he time of or piior w an inapeaion'�fying�le cause far tLe iaspecxion. , • =� �. , �
<br /> � i0.�o�on.The prooeais of a�r awacd or claiat for daanges.direct or oonsaqoa�tial.in p�mection wi��Y .
<br /> �. . �or otha�aking-�af airy put ottbc Pi+opertg.ar for com�aoe ia�.of m�d�Oation,�)f�sy�sigpod at�- - -
<br /> . shall6e paid to I,e�er_ �;. . � ' � � ' . . - � '. : . .
<br /> . In tht ave,at o�a total��of ti�e.Pm�aty,t6e pnoceeds s6alt be�app�ied W the sum.s secnrea 6y tlns Sec�u�itY 1a�ument. .
<br />- ar6ether o{not 11�due.wit�aay e�aess.paid w$orrowei. W t6e avent of a pmial taking of the PmQes[y in whidi the fair
<br />— marloet value of tbe P�uputy immediatety before the tatcing is eqaal w or grt�er tlian the�of tbe smes�secirced by(6is . .,
<br /> � �iLY I�m�e��e�etY�e�e t�e tat�ing.m1�ss.Boirower and I.rnder otbet�vise�ia s�rridag;tde smRt so�arad try`�
<br /> this Sapuiry Tnsnumeut shatt be ieduced by the amount of the proceeds�It�lied:bS+ the foUawjng'frxtio� (a)tbe tQtai �-
<br /> amouqt oF tBc�sums sccured�inunediately befabe tbc takipg.dQvideA Dy(b)d�e bir.�oarket vaina oF the�Pmptrty�innmedia�ely
<br /> -- � hefoce tlrc talong. A�ry bal�ce st�all be peid w Bvmower. It�d�e eveat uf a partial talnng of dje Pmperty in which tbe fait .
<br /> - maiket valae of ih+e Pcopeny iritme�tiatety befor+e�th�talctng is les�tt�aa the amomu af the suros��td ivaaq�ediaod}�be6ar�e tNe
<br /> = talwtg,uaks4 Botrower and l.er�der othe�wi�e agcee in writiag or nnless a�plicable!aw ot6mvrise proviAes>th�prooeods shall � �
<br /> _- 6e applied ta ihe smns sewned by tlris Seauity Ir�utm�cat v�i�u or poi tt�e swns are tli�due. , .
<br /> == ff the.Pmperty-is ab�ndoned by�orrower.or if.after aotioe by I.ender w Bormwer�at the candemnor o�ecs.to malcs an
<br /> - award or setttg�i daan for da�cs. Bormwu fm�s to.rrspoM w LeMer witf�n 3d days atiter d�e Aate�the naia is given. .
<br />-- Iander is�to colltet aad'appiy the praxeds.at iis option.eitber to restmation or repair nf the Property or e�t�e sivas .
<br /> - ' saa�r�ec!by this Sxurity Iasaumeat,wl�tlier ar not tbe�t due. ' `
<br /> -- Untess I�ender aod Bomawer othenvise agree in writinS•�Y aPPliwtion oF provee�is ca principal slrall not esfcM or
<br /> � postponc tl�e due date of the manthly paymeiits referred to in pmragraphs 1 and 2 or change the ambunt of s�uh payma�is.
<br /> - 11.Boe�eer Not Rde�ed;Forbesr�nce BY Lendet Not a Wafver.Extension of ihe ttme far payment or modifcation
<br /> o€aa�ortizatioir of the-staas securad by thi�Security•Instmmeat grante�by Lender to any s�oces.cor in;nt�est of Hairro�vec sh�ll
<br />_ rn�t operate to retease the liabiiity of the cniginal Bornower or Bornawer's supe�ssots in inteiest.Lender sha11 aot be recryir+ad to
<br />- oommence Ptoceodings against any suocessor in imerest ar refuse to extead time for payment or other�cnse malify amorti�tion
<br /> -- :,..;�,:1��;�: : of ttie sums secured by this Security tnstrument by reason of aTry demand made.by the original Boranver oT Hor�ower's .
<br />-= :��'=•�_•. ' suoees.cors in interest.A�sy forbearance by [.ender in exereising any right or rcTnedy shall nat 6e a waivec of or preciade the _
<br /> : exercise af any right or remody. • .
<br /> ' . 12. 5uooe�o�s aQd Ascig�Boond;Joiat aad Several Liability, Ca�signa�. The oove�nts and agreements of this
<br /> '..:"`- : "• Secttnty Insorument shail hiad aitd benefit the successo�s and assigns of I.cnder and Bc�rrower. subjett to the pr+avisions of
<br /> _ ;r._ - paragraph l7. Borrower's covenants and agreements shalt be joiai as�d several. Arry Borrower who co-sigas tlsis Security -
<br />-� ' �i���=';� Instrument but das�at exesvte the Note: (a)is co-signing ihis Serurity[ns�trument only to mortgage.grant atd canvey that —_
<br /> - t-�`"� �• Borrower•s interest in the Prape,rty wsder the temi.c of this Security Instrumc.mt;(b)is not personaliy abligate�to pay the sums -
<br />_ .,.,. .,:
<br /> , �,;_ .
<br /> ���:.�-= � '�•-'� secured by this Secnrity lactrument:and(c>a�rees thai Lender and any other Borrawer may agree to extend,modifyt.forbar or --
<br /> .�.<;:• . . , ,- .•• " �,,,��—
<br />_ �s����{-• ;e:�;-.' make anyr acoommodations with regard to the terms of this Security Instrum�ent or the Nate without that Borrower's consent. . _-
<br /> ."-.'•;�;�},_ . •: . 13.Loan Cl�es.If the loan secured by tbis Security In�trument is subject to a law which sets maacimum loan charges. `�'
<br /> �1 .4,i.�t=-:
<br /> . °` `��_ and that taw is firrall irrt rttal so that the interest or ather laan cha ooilectet!at to be callectad in c�tmnection with the °`'.-.`
<br /> ����:=.:::'� +': 9 eT • � ;`=Y��;.=,
<br /> ' � � loan exceed the permitted limits.then:(a)any such Man charge shall be raiuced by the amount necessar�r to reduoe the charge ' >�-;
<br /> .�TaGi::,,.....,.i..' �..'::�'-?`:..
<br /> . � ":'is;.�`��.: _•=• ta the pem�iued limit;and(6)a�ry sums already cnHected from Borrower Kfiich exceeded permitted limits wip be refunded to
<br /> " •*��--:''"'� • Borrower. L.ender may choose to make this refund by rcducing the principal owed undcr the Notc ar by making a direct �°•��.
<br /> "L� • � � payment to 8orr�ower. If a refund reduces principal. the reduction will be trcated at a pattial prepayment withaut azry . -
<br /> .x.F , ,.M -' prep�yment charge undcr the Note. � �.
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<br />: ..;T��,. � . 14.Notioes.Airy notice to H�rrower pruvidcd for in thi�Scrurity Instrnment shafl bc given by dclivering it or by m3iling
<br /> � t,: ,; �.�
<br /> ��• �E;�,i�;.�'.'�_.. it by fitst ctass mail unles.w applicable taw reyu'sres ucc c�i anather methad.The notice shall be direcKed ta thc Property Address .'::�
<br /> �°' •_�" � or any ather addres.s Bartower desi�natec iry notice to t.ender. Any notice to l.ender shall he given by first eia.cc maii to ' ":',�
<br /> ..,. .
<br /> , . .�. ';. • L�ender•s addresti stata�hcrcin or:my uther:nldress t.cnder dcsigrwtes by notice to&�rrowcr. Any �mtice provided for in th�s ,-='}`_
<br /> . �`-°� ' Securify lnstrument shall be deemed to travc bccn given ta Bonawer at l.c�►dcr when given:�provided in this garagraph. .� � _
<br />_ � �` ��: �t � 15.Governit� Law; Severablllty. This Sccurity Inswmcnt �hali bc govcrnccl tty fodcral law and thc law of the . .
<br /> ' .. judsdiction in which the Property is lucated. In the event thut uny provisi�m or claose i�1'thi.r Secnrity In.�iru�nt or the N�te -
<br /> _ . ..� _�'� conflIcu with applicable law,such canflict�11 not affect other pravisians of thiy S�rurity instrumenl ar the Note which can be , .. � '
<br /> . -�; •, _ . siven effect without the ccmflicting prnvitiinn.To this end the prnvisions af this S�tiurity In�trument and the Note are decfared
<br /> �, . . . to be 9evcrabic. . �
<br /> � .�r•��:, •.� . 16.Borruwer's Copy.Borrowcr shall he givcn anc ainfarmcd copy of thc Notc and nf this Sccurity Inammem. •
<br /> ',�:, Fom�3028 8/90 .
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