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<br /> . - .. .�.I�I�.TROdE[Ot��CI�01�Y:�4�1lOq�C ldf�i�YpOd���O�I�IE P[C�ER9.L�COaE�fIMII j1Yt
<br /> � Ao�rowar ootice at tbe time.of ar pr�oe to an iirpe�xian�peafjrl��iepwe�bfG+c�se fa iba iarpation. . � � .
<br /> i�:Ca�a�NM�.'ihe pnoeeds of.aay �va�d ur cLim[ar d�ap.dieece a aoa�equeetid.in 0000eaion�vith aoy
<br /> mnd�w odia t�in�of aay prt of tl�e Pnupdt�r,a fac�onrryaoae in Ga�of aoadan�tion.i�e bereby�itned aod .
<br /> sT�ii bc pid to i�eoder: . ` �- , � - - � - _ - �
<br /> � Ia dre armt of a totti tafda=of the ProperRy,tbe Pt�uoee�shd!beiQplied W tl�e an��ecured try 1Li�c.Secutily,�uMtmndoM.�
<br /> whdher or not t6au due,witB iny exoas pid t4 Hasow�a. la sbe e+raoit of a p�cti�t taidqt aE t6e pmperty�which thc f�ir
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<br /> , $p�j[y j�p��Y ZltfO[C tbG tf�l�s 110�Gii BOF[O�Q i��d�l!!'�lfE�LOE l0�Yfftlqs.ibG fY�tEt��
<br /> tAis Sawity I�iun�at sball be teduced by the amau�E of the proceads muJtiplied by the foib�rioE fiaction:(a)tbe tca[
<br /> ainaunt of the aum�so�wod immedi�tdy 6efae tbe pkins,dividod by(b)tbe f�ir m�rket valae af t�PmQatY�Y
<br />_ tkfore tbe taldn6. My bdance sleil 6e p�id to Bocmwer.In tbe event of s putial takin8 of tAe.Propecty in�6ich ttic bir .
<br /> -, ms�rlcet vai�e of tbe Pnoperty immodiatdy before the aidr�g is tess thaa the amount of the suax aa�rod i�edi�tety bcfar tUt
<br /> tald�,w�less Bonrowa�ed Le�der otber�vjse s�gcee in wrrifmg or uales.s appEic�ble la�od�a+�ise pc�vide3.tbe p�+ooeeds slnll
<br /> be ipptied to the sams sa�aiod by.this Senuity I�trument wlktBer or mt tLe s�s uc 8s�doe.' . ,
<br /> If tbe Prnperty'is ab�ndoned by Bor�wer.a if,afta notice by Ler�det to Horrowu th�t the oaidannoc ot�'as to m�ice m
<br /> awaid or seutaa claim for dyioages,BoROwtr fails w�ood to Lajder within 30 d�grs�ita the date the ootict is givea.
<br /> L,eoder is autt�o'rized w rollxt ard apply tbe pnoceeds.at its option.either w ciswratkn or npsir of t'�e Pcope�ty a w tBe saats
<br /> ` seartod iry this Security Ia�ument,whetl�er ar not dKn due. , : � • . .
<br /> Unkss I.eMer ud Hattower othawise agtoe in wtituog,any �pptication of p�ocroedc to pn'ticipd ahall aot e�tend ar.
<br /> posipone the S1a date of tbe nwdhly paymeats neforRd to in paragr�phs i a�2 or ciunge the amount o�s�ch payme�s. .
<br /> • 11.Bote+awer Not Reka�ed;Forbaraoce By 1.eader Not a Wdver.F�tea�ion of the tirae fvr paymeat or modification
<br /> . • of amoctization of the suins se�vnd hy tlus Saa�riry buwme�graa�tod by Lender to any sacces.wr in ttuenst of Borrowei s1piU
<br /> not operaro to nieace ttu tiability of the origiu�l Sormwer os Borrower's sttocessors i�in�iest.I�ender shalt not be�aquired w
<br /> comnypyx praaedings agaiast at►y suocessor in interest or refuse w extend time for payment or wherwise n�odify amorti�iou
<br /> of'the � sxuiod isy tbis Security In�_,,,e^� by reasort of any demand made 6y the origi�l Borrower or Borrower's
<br /> succes.wzs in interest.My forbearaixe by Lender in eaercising any right or nemedy s6a11 not be a waiver of or preciude the ,
<br /> exercise of aay right or remody. ' •
<br />� ' 12.Suoe�sots aad Assi� Bamd;.1dnt and Seve�t�bility; �o�sigoets: �e covenants and agreemetrs:of this
<br /> Security Lutrument shall bind and 6ene�it the successors aad!assi8ns uf 1.ender and;Fx�r•rower, subject to the p�a��is�ions of
<br /> -. -_--
<br /> -- ,-paragrapTi_I7: BorcQ�►-e�s covenants-an�ag�ts�th�6ejomr�•se�rcaf:absy�"��urrower-wiu��o-si�c�v-�s=Sec�r�ty--- =
<br /> � Insnument 6ut does�.execate the Note:(a}�.�c+�-signing this Security��i.cfs�ent onIy to monga��.;�ant and coirvey thu
<br />'��<�.,.s' Bo�rov�rcr's interes���Prope��.c�a�der ih�r:�is of this Security Iniwrs�,tb)is not personally ob;�gated to pay the sums
<br /> sea►red by this Security InsuuAa�'and(c)agrees that L.ender and any olher Borrower may agree to eatend,madify.forbear or
<br /> make any accommodations with regard to the teml.s af this Security Instrument or the Nate without that Borrower's consent.
<br /> • 13.I.oan Cliarges.If the loan s�red by this Security Mstrument is subject to a law which seu maximum loan eharges.
<br /> and that law is finally interpreted so that ihe interest or ather loan charges collected or to be collerted in connection with the,
<br /> . loan exceod the pemdtted limits.then:(a)any such toan chasge shall be reduced by the amaunt necessary to reduce the charge
<br /> to the pennitted limit:and(b)any sums already coliected from Borrower which esceede�pem�itted Gmits will he rePonded to
<br /> Borrower. I.ender may chbose to make this refund by reducen�.the.principal owed ��:r the Note ar by maYing a direct
<br /> '• paymene to Borrowcr. If a refund reQuces principal, the r�3GCtion will be treated 'as a partial prepayment without any
<br /> I . . prepayment charge ar.der the Note. ' •: � '' .
<br /> 14.Notices.,�.;notice to Borrower prel n,':::f�r in this Security Irsu�a�':eist sbal!lse,given b:w�f�:.::ring it or by mailing
<br /> r `.� ; it by first class mail unless applicable law requires use of a:�J•s;r methad.T:2e rocix�'`�i�e dimcted io the Property Address
<br /> t � or act� other address Borrawer designates by notice to L,e�,�vr: Any notice to Ler.�e-u�r:'1 be given by first class mail to •
<br /> I l,ended's address stated herein or any other address Lender designates by natice ta 64�����r. Any notice pravided for in this
<br /> Security Instrument shall be deemed to have been given to Borrower or Lcnder when gi���as provided in this paragraph.
<br /> � 15.Govm�ing �.aw; SeverabUity. This Security Instrument shal� �se govemed by fcdcrai law and the luw of the
<br /> : jurisdit�on in wf�ich the Property is located.tn the event that any provisi�J�or ciause o5 i:�is.Serusity instrumenC or the Note
<br /> ; corttT,"��.Mait:�applicable law.such wnftict shall not affect other provisions of this Savcv�a Cc�strumeRt or the Note which can be
<br /> : giv���i�ut w�zi�.the confticting provision'bo this end thc provisions of this Secur."�,l�.strumcnr and the Note are declarcd
<br /> to 6e severabfe. ' _
<br /> ! . 16,'Borrow���"bpy.Borrower shall b�Lxiy�n one confnrmed copy cf.tf�e N��te and of this Security Instrumcnt. ,
<br /> '. � Fatm 3028 9/90
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