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<br />-- ,--c--- p�ymaN�m.y eo�oryer be rowlna,a tne option ot Lwnder,lr ma+�e i,ruru,ce onva�'�e rra�f� .,
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<br /> tvt La� nqutror)P�vlded b�'�+rwuer�pp�awd by I.aid�r qalu b.cana•v�iW�k.na 1.abuaaa.�eorrowK p�►
<br /> dM pn�aiutas tequirod w mdnWa nwrt{�p itwuw�o�ie el�ict�a b provi�M�las r�a�ve�wNi11b�s�puirwnat tix Aq�f/�
<br /> bwnnoo and�In�ooadanoe wlt6 aay wriqaa��wmN+t MtwMa aorrowrr�ad l��or ar�ppllc�bla 4�v.
<br /> !.irp�etla. l.eedrt or iu yel►��Y m�lce n�on�bb aM�M+upon n�d Inspectlon of�Pnop�ty.L�d�r�rrl�iva
<br /> Yon�+ar ealce at the tlme orar prbr to sin impectlon.pectfylnR t�oaodbb cwre r�r tho�rWxceton.
<br /> 10.Ca�e�tba. Tbe ptaxal�of�ny awad or cl�im for dan�p.dlroct or aon�quaMW. in cauactioq wltb wSr
<br /> condemnet�on ar otLer wki�ot�ay pat of�ha PrapeRy.or tor oonvryance In Iku o!uondaan�tlan, aro i�enolty�i�d�ad
<br /> r ihplbbe p�id W La�der.
<br /> In�tbe evau of a wtal Wdn�of the Prapecty�the p��eod�ihdl be�pptkd W the wau�ewred by tbb Sxvrity fn4ummt. .
<br /> whe�har ar.nut then due. with�ny excew p�id to Borrowu. In the evau of a pprtlal ta�in� ot th Property ia which the t�ir
<br /> m�rkat.wlus oP.the Property immediately befon the akiag ia eqwl to or gn�ater tlun�he�rnount of tho wau�ec�urod by this
<br /> Sxudqr lueuvtaent immediately betoro the W�in�. unleas Bormwer md Lendu otherwiu a�nee i�writin�. the wm��ecurad by
<br /> - tAfa Seeutiry Iost�nt sheU be roducod by the amount of the proceedr multiplied by the tollowin�fr�ction: (a) the tdal
<br /> aroaiu�Q of ihc wms securtd immodiately.befon the Wcing.divided by(b)tbe fdr market vAlne of the Property immedi�aty
<br /> LICfw�a 16e wlcfog. Any balance shell be paid to Horrower. In the event of e putiAl taldng ot t6e Property in which tt�e fdr
<br /> pmrJt�v�lUe aE tl�e PropeRy irtunediatcly befora the talring ic lesa tlwr+the wnount of thc sum�cocutod immodi�tely before tbe
<br /> _ tpkinq►ualasn 8or�ower and Lender otfiarwlso agnx in writ�ng or unless applleabk law whecwlco pmvkles.tbe pmoeeds�Il
<br /> , ba,pp�ad tm t�a sums securod by this Sxudty Instnunent whether or not the sums an tben due.
<br /> __� _: j - [f L�a Praperty is�ba�donod by Borrower.or!f.aRer nolice by Lcnder to Bonrower that the oondcmnor oBers to roWce ui
<br /> - � . swntd'cr eeta!¢a claim far darosges. Horrower feils to respond W i.pder wlthin 30 doys aRu�the dato the not�oe ia given,
<br /> ""' �;.: � [�ertder i�uurJfx�riud m collect and apply the proceads.at its option.either to reswration or�ir of t6se Property or to tlrce aa�s
<br /> � �ured by tads Security instnunent,whether or not Ihen due. '
<br /> ��,�•�: -•�; �.: Unlesa l.emder and Borrower otherwise agree in writin8. anY application of proceeds to principal el�ll not extand ar .
<br />��a.°' ;�r�,,' postpane the due date of the monthly payments rcferrod to in paragrpphs 1 and 2 or changc the�nount of auch payments.
<br /> '`,`; ' {�: ' 11.Borrower Not Re9easedi Forbeurance By Lender Not A Wslver.Extensian of the timc for paymeat or modiflcadon
<br /> _ : � of amortizaiian of tl�e aurng sea�rod by thia Sxurity Instrument granted by Lender to any succescor in iatercst of Borrawer shaU
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<br /> � ,.��.,.�;:�. ,f;• not operate to release the liabillry af the ar�ginal Bortawer or Bonower a auccescors in imerest.I..ender sAall not be reguiral w
<br /> .. , .:. . ,.....r•
<br /> . '..r�`{i, �j�,w'���;�_;;, wmmence proceedings against any successor in interest or refuse ta extend time for payment or otherw+lse modify aonortiz�doa
<br /> ,��'.�:?�►t;��i;r�•�A��;; of the aums secured by thls Securlty Insmunent by reason of any demand made by the orlginal Borrower or Borrower s
<br /> - �'����`•:�����;��-,�',�� succe,s.cors in interest. An farbearance b Lerder in exerciein an r� ht or remed ahall not be a waiver of or
<br /> �� ; , Y Y 8 Y 8 Y Preoluda dia
<br /> �i:, �c;�tia,�'�ti� �,.� exereise of�ny right or remedy.
<br /> ���F}�L���r�'��.� �rs�` ���. 12. Suocessors and Assl�� Bound;Joiat and Several I.iability; Coaaigaers. The cavenants and s►greements af this
<br /> .-�..s.';r,. .-�.:;1�..��-' ,
<br /> ,;;!�;,'.�;,.,.... Security Instniment shall bind and benefit the successors and assigns of Lender and Borrower. subject to tt�e provisions of
<br /> �;" `�,'';' .'� paragraph 17. Borrower's oovenants and agreementa shell be joint and severnl. Any Borrower who oo-signs this Securlty
<br /> i` ' . Instrument but does not exewte the Nate: (a) is co•signing this Securiry Instrument only to mortgoge.grant and wnvey that
<br /> Borrower's interest in the Praperty under the terms of this Security Instrument; (b)is not persanally obligated to pay the swna
<br /> ' , sxured by this Secur�ty lnstrument;and(c)agrees that[.ender and any other Borrower may agnt to eztend.modify.forbear or
<br /> �-r•f•�•; , make any acroc�modations with regard to the terms af this Security Instrument or the Note without liwt Borcower's consent.
<br /> � , . , ;' !�.I.oan Chorges. If the lo9n secured by Ihis Security Instrument is subJect to a law which sets muimum loan cher�es.
<br /> ;� � , • und that luw is finully interpreted so thut the interest or other loan churges rnllected or to be rnllected in connection with the
<br /> ' �� � '• loan exceed the permiued limit�, ihen: Iu1 uny such laan cha�ge shall be reduced by the amount necessary to reduce the charge
<br /> ��� � • •� to the permEuzd limit:and Ib1 nny wmx already��c�IlecteJ from Borrawer which exceeded permitted limits wfll be refunded to
<br /> � + ' , Borrawer. I.ender muy cha�se to muke this refund by reducing the principal ow��d under �he Nute or by making a diract
<br /> � . • � pnyment ro Borrawer. If a ret'und reduces principul, the rcductian will be �maitc� :.s s ;�:«! pz�, �;s�;,at xiilSOUt any _
<br /> + ' prcpayment churge under the Note.
<br /> 14.Natkes.Any notice to Borrowcr pmvided for in this Security Instrument shall be given by delivering it or by mstiling
<br /> it by first class mail unless applicuble law requires use of unother method. The notice xhull be direc�ed to the Property Address
<br /> . , or any other address Borrower de�ignale+ hy notice to l.ender. Any nnti�e tn Lender shall be given by first class mail to
<br /> ,.;;:, ;,. ' Lender's nddress Stated herein or any othcr uddress Lender designates by notice to Borruwer. Any notice provided for in this
<br /> ��'•r`�:�.� Security Ins�rument sholl be deemaf u►huve bccn given tn&�rrower or I.ender when given us provided in this parc�graph.
<br /> � , `'� • 15.Governing la�•; Severability. This Security Instrumcnt �hull t►e govcrned by kder�l law and the law of the —
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<br /> � . , ( " . ' • jurisdic�ion in which �he Property is kxuted. In thc event that any prcwi�ion or duuse of thia Serurity Instrument or the Note _
<br /> � ' � • � conflicts with applicuble law.such conflict xhull n�it affect�nhrr prrnisions af thix Securit}•Instrument or the Note which can be -
<br /> ` �.�;l��;. . � given effect without thc wnFlicting provi.ion. Ti�thi�end Ihe provisions of this Scrurity Instrument and Ihe Note are declared
<br /> �`i �,.:1' �� ,+,.. . to be severable. ;
<br /> �;,' t 16.Borrower's Copy.Bc►rrow•er shall I+c given one cnnformed cnpy uf the Notc anJ uf this Security(n�rument.
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<br /> y��4����. ,i`�;,�. Form 3028 9/90 °
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