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<br /> p�y�.Mb mry m lon�ar be requirod�M the optla�of l�enda.If mon�e innunuioe�o(in�be uaount and 6or t1�e pxind
<br /> . 1rt Lrafder nquira)provided bY+�s f�un��PW'v�►�d bf►��in beoana nr�il�bb�nd ia obWad.Bor��dW�p�
<br /> ..i�Pnai�mqWirod a a�dat�ln mdt/n/s ir�ur�s io�'oc1.or ta provlde a tas�o�erva.uud!tfM mq�lina�ait 6or�W�A�
<br /> Wwr�noe eod�in a000�d�noe witb a�y iivtlttan yreanant b�twea►��o�mw�er and lader or tpplic�ble I�w.
<br /> !.Ia�ttio�. t.a�der or in�eat a�Y m�ke nerontbb antria upon,�nd inpecNon�of tbe Prapaty.Q.ander�il�thro
<br /> Borrowu notiae+it the Nme of or�prior to an in�ectian�pecilying reasaable c�u�e for the inipectiaa. �
<br /> 1�.Ca�i�wtMr. Tbe pncaid�ot my�w�rcl or�Lim(or duny{es�dircct or ow�sequartW. ia oonnaotk�n v►dtb sny
<br /> ounda�wtbn or wl�u u�Ciu6�+oY P�oP the Prope+tY.ot far uoavayanoe in lieu o�aondema�on,ara ha+eby�ul�ed�od
<br /> �lt be peid to I�eodet.
<br /> In Iho avari ot�taal t�idq�of tbe Propa'ty.the pcoceeda r6dl 6e applied to the wrns sea�rod by thi�Security Iasaumenl,
<br /> +Mhuher or not thea duo. �ritb auy e�cow paid w 8orrower. Ia 16e evan of a putial ta�ie�of 1he Propnty in wl►ic�tbe t�ir
<br /> • m�rket vatne ot tta Pmnerty immodiately bePore 1ha plting ts oqwt W or g�ater tt�n the amount of tbe wmo�aured by thii
<br /> C�auiry inetrumeat iaapedLrdY bd'ote the t�ing.unlat Hortowu aad I.Rader otl�xwiie aar�ee ln Writlrig.the suass sacytred by -
<br /> this Sxurity It�rwaax ah�ll be reduoed by ti�amou�u of the prooeeds rtwltipliod by tbe fdbwing fr�ioa: (�)the totsl
<br /> ataouat of Ihe wat��savrod im�nodlste�Y bePoro the qlcing.dlvidod by (b)tbe ftir madcet vatuo of the PropeKy inunediitelY
<br /> before tAe talting. Aay baW�oe fAali bv paid w Borrower. Ia tbo evem oY a putia!ulcing ot tl�e Property in whicd ehe tair
<br /> a�arlcet value of tix Property imroedi4tely before t6e taldng is Itss t1�n the amount ot the aum�eaa�red irtua�ediately bdoro the
<br /> takln8.unkss Hotrower atrf I.ander at}�vise agroe in wrtdng or unkas applicabk Isw othetwise provWea�tNe pr0000ds�haU
<br /> be applied to tAe wuns�ecured by Ihls SxLrlry Inatruma�t wAethar or aot ttho aim4 Are then due.
<br /> [f the Prape�ty is aband�►tied by Bor�owcr.or if.after notioa by L.ender W Barrow�r ti�t tl�e cademnor otTeis w a�ko an
<br /> awaM or aett!¢a cls�for.dameBes. Bor�aR'er fails u► reapo�m L�ler wlthin 90 days aRer the date the t�otia is Aive�,
<br /> I.cnder is authorizat to oaUect aid apply the procoods,�t its opNon.either ta mstamtian or�Ztir of the Property ar W t6cs wn�a
<br /> tecurod by thia Senu►lt}�Iustru�ent,whdher or not tF�t due.
<br /> Unless l.ender and Borraw�er otherwise agroe in writing. eny applicatioa of proceeds to prineipal shall not eatead or
<br /> postpone the due datc oq the monthiy payments ncfen+ed to in paragraphs 1 wd 2 or cNange the amount of such paymeiqs.
<br /> 11.Borrower Not Rdeased;Forbearance By Lender Not a Wdvu. Extension of the time for payment or modifiaUion
<br /> of sunortization of the sums securod by�hia Socuriry Insaumenc granted by Lcnder to any successor in intercst of Borrower shall
<br /> not o�eratc to release thc liebility of thc original Bormwer or Borrower's successora in interest. Lcnder slwll�wt be rcquircd to
<br /> commencc procoed;ngs agaiost any sucoessar in interesl or zfuse w extend time for payment or otherwise modify s�rtaniuuion
<br /> of the surds �ocw+�d by this Sav�ty Instrument by reason af any demnnd mode by the original Borrower or Horrower'e
<br /> cuoce.s�ors in interest. Any forbexr�ncc by Lcnde�in exercieing any right or rcmedy sfwll not be n waiver of or prcclude the
<br /> txtt�lsc of eny right t�rle�y-
<br /> 12. Successors arid Assigne Boundi Jotnt and Several I.twbility;Co-slQnera. The cove�mnts and agroements of this
<br /> Savrlty Instrument.shal! bind and benefit the successors wNi as.gigns of I..ender and Bflrrower, subject to the provislons of
<br /> paragnph 17. Borrower's covenents and agroements shall be jotnt and several. Any Borrower whu casigns thia Secu�ity
<br /> lnetnunent but does not eaecute the Ncite: (e) is co-signing this Socurity Instrument anly to mortgage, grant and oonvey that
<br /> Bornower's interest in Q�e Property under the terms of thia Security Instrument: (b) ia not personally obligeted to pay the sums
<br /> secured by this Securiry Instrumenr and(c)ap,rees that Lender and any other Borrower may agree to extend,modify.forbear or
<br /> make wty xrnmnx�dations wlth regard to the terms of this Securiry Instrument or 1he Nate without tiwt Borrower'a consent.
<br /> 13.Loaa Ctwrges. If the loen secured by this Securiry Instrument is subject to a law wbich sets maximum loan charges,
<br /> end that law is finally interpneted so thut the interest or other laan charge,4 rnllected or to be colleeted in conna�tion with the
<br /> lou�exceed the permitted limits,then: (a)any such loan churge shall be reduced by �he amaunt necessary ro reduce the charge
<br /> to the permitte� limit;and Ib)w�y sums already collected from Borrower which exceeded permitted limits will be refunded to
<br /> Borrower. l.ender may choose to makc this refund by reducing the principal owed undcr the Nate or by making a direct
<br /> paYment to Borrower. If a refund reduces principal, the neduction wdl be Ireated as a partial prepayment without any
<br /> prcpayment chorge under the Note.
<br /> la.Notices.Any notic�c to Borrower provided for in this Security Instrument shall be$iven by defive�ing it or by mailing
<br /> it b/fi�st cl�mail unless applicable law requires use of another method.The notice shull be directed to the Pmperry Address
<br /> or pny nther address Borrowcr designutes by notice to I.eader. Any notice to Lender shall be given by first class mnil to
<br /> Lender's address statod herein or uny other uddress l.ender deslgnates by ndice tn &►rcower. Any notice providod for in Ihis
<br /> Security Instrument shnll be deemed to huve been given to Borrower or Lender when given as providcd in this parag�ph.
<br /> 1S.GovetnJ�g Law; Severabllity. This Security Instrumenl shnll be governed by fedcrul law and the law of the
<br /> jurisdictbn in whlch the Properry is Icxated. In the event that any pmvlxion or rlausc of this Security Instrument or the Note
<br /> conflirts with epplicAble luw,such conflict shall not affect other pmvisions of this Security Instrument or the Note which can be
<br /> given effert withaut the conllicting provisicn. To this end the pruvisions of'this Security Inslrumcnt und the Note cue declared
<br /> to be severable.
<br /> 16.8ortower's Copy.Bortower slwll be given one confortned copy�►f the Note onJ of this Serurity Inatrun�ent.
<br /> Fam 3026 9l90
<br /> P�p�1 ot B
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