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<br /> �����OyOr bt.lO�1�..�I�E OQf�Od Or�t�ts��f�jQ�NY�E OOAft'f�L(�fhE�10���1aC�!� . . �
<br /> � �,.dWt I�der,e�)Re�a+�ided b!►�i�r�'p'�►�d bY��W°becane+�.avait�bk aad i�ci�t�iead.son�pi�sl��p►
<br /> twe p�r rare�ed b iie�ia.*n�t�iewrn+ce ia et�ec[.ar to pnarjae a ba�raa�r�w�til�tbe�qri�emeet lror mo�
<br /> ' . �doariooe md�ia acoo�d�oct w�ith�riY��ea�t bet�reeh Horto�r aod Leader or�ppli�cabk tar. .
<br /> , !�,Lmder or its a�ent mry mrte t�eaeoo�ble aitrie,+�on.aod impecti f�ns of`dre�Propetty.I.e�der�hr11� . <
<br /> Hono�e�r notiae at tbe func of or prlor w,an�pectiae speMfyin6 t�a�a�c+uae far`tbe irspe�tioa. . . . -
<br /> l�.Ca�■�fio�.Tbe p�ooeacis oi�pryr'aMrard`oc claim fas�,dit�a.t o�aoo�uhqtid.in aooaectioa with.anY
<br /> conda�tiai ar ather tabnB of mY p�tt of the BmQc�cy.or f,or oomrey�a�oe in 1'iw of oeada�an.n+e het�r±�ai�od rd .
<br /> �sid!6e pid to I�eoiler: � . � , � � - � �' ,
<br /> • In the svea of s wta!�of d�e PrcQe�ty.d�e P�'oceeds sL�tt 6e applied to tbe siirm�oca�ed by this Seadty Imtrumeot.
<br /> <� �riRther or tat tha�e,witb�y exoess pid w Barm+vec In We evmt of a puti�l tatIng of t6e PrapMy in whicA tl�e fiir
<br /> ma�fret valoe of tLe Piopaty immediatdY bet'aa'the tatoin8 is oq�sl to a g�ater than Nie amount of the srams sxured Ey�is
<br /> Sepu�ity Insuameat ia�edi�tdy 6efo�e t5e tdcing:•unkas Eortvwer and I.eader otbei�ri�e�gree in�vrid�,tht wen�aea�ral by �
<br /> this 5ecor;cy.Ia�mmeat se.0 be:ed�,00d by tLe amnunt uf tlre p�neeeas �Itiplioa by tl�e fotbw;ng fraetion:-N)me oo�at �
<br /> �maust of the swas aavred inu�dy lxfae tLe t�lcing,dirided by N)the bir ns�rket v�tuc of ti�e Pmpe�tiy.immediatd9
<br /> before'the tatdng.Any 6alaaa shalI 6e paid Lo Borrnwa. Lt tbe eveot of a p�tia)hiting of the Prope�tY in which tbe trir -
<br /> mutst value af the Ympecty immediately befan ttk talciug is ksc thaa thc anio�mt af the sums securod immedia�dY 6efore tbe
<br /> taidng;nnkss Bo�rower wd Lerder othervvise agnx in�writing or anless apQlicaDle lav�otf�wise provjdes.the proceeds slult •
<br /> be applied to d�e sams socu�xl by Wis Sauriry ti�stinmrn[wi�ett�er or not the sums are theo due. . .
<br /> If We Prnperty'is ab�odoned by Hrnrower.or if.after notice bY I.ender w Borrower�hu d�e Coodenmor offas w m�lce an
<br /> aw�d or s�uk a claim fnc dama8es. Borroa+es faiJs to te'spond to Lender wit6ia 30 days after the date tLe notice is pven,
<br /> Lander i�aotlwrized w.a�lle�t and apply the prooeeds,at its option,either ta�estoratian or tepair of the Property or tv the sw�s�
<br /> sewrod by this Saauity Ii�nunent,whetUer or mt tLen due. �
<br /> iJnkss L,ender aod Bor�owa ot}KCwise agree in writiag, ar►Y applicatian of procads w�ptincip�i sl�U uo�extend or
<br /> postpone,the doe date of tbe monthly paymaAs referred to in paragraphs 1�d 2 or change tLe amwnt of such paytnena• '
<br /> ll.Borrowa'Not Rdnsed4 For6ear�nce By I.eader Not a Waira:Extension af We time for payment or modifica6on
<br /> of amorti7ation`of tbe sum4 secund 6y this Security Inspument graated 6y I.eMer to any sucassor�in interest of Borrowa sh�11
<br /> --- not operate w petease the tiability of the original Borrower or Bormwer s sacassors in interat.Lender shaU not 6e nquired w �
<br /> oommen�e pmcadings against anysucassar ia interest or iefuse tat�czY.nd time for payment or otherr+ise modify amortiz�tion �
<br /> of the sums sxu�+od by this Sceurity ItuEntment'6y reason of anp�;`•r.�emaud made by the ariginal Borrowa or Borroaer's .
<br /> --- sucee.ssors in interest.Any forbearance by Lender in exercising any right or remody shal! not be a waiver of or presludc the .
<br /> - - eser�cise of any right or nmody. '-
<br /> -- 12. Sooeeesoes snd A.�s Bo4nd}Joiat and Several Lfi�+ Co�si�as. The cavenants and agreements of this
<br /> - Securiry In.axt:�ent s�all bind and bea�i2 the succ�ssors and asu.p:i:.t.��Lender and Borro�i�subjecx to the provisions of
<br />_-y� --t par�graph 1'�..Horrower's.covenants and agireemeats s1�a11 be joir�;:�a��sevoral.•A�y Borr4+�'who co-signg this Secarity
<br /> -_�S: �� Instrumeat�rit does not caecute the Note:(a) is co-signing this Se�'�y Instra�only to mortgage.grant and convey that
<br /> } .Borrower's iorc.�r+est in the Property under the terms of this 5ecurity I^:;strument:tEr1�;:�s�ot personafly obligated to pay the sums
<br /> •' ! � , secured by tb.is Security instrument;and(c)agrees that Ixnder and�other Borrower may agree to extend,modify.forbear or
<br /> x'`-�"��'� i make any a000mmodations with regard to the terms of this Security Ic+�:ru�ment or the Note without that Bocrower's consent:
<br /> ��
<br /> _,..;..;,�}._, . �3.�,�n C6arges.lf the loan secured by this Serurity lnstn::��nt is sub}ect ta a!aw which seis maaimum loan charges.
<br /> "j ' ' and that law is fu�ally interpreted so that the interest or.ather loan'charges collected or to be collected in connation with the
<br /> toan exoeed the permiued limits,then:(a)any such loan charge shall be reduced Dy the arnount necessary to reCuce the charge
<br /> • � to the permittod limit:and(b)anY sums already callected from Borrower which exceeded pered�od limits wili be refundad to
<br /> �`�_• ' � Borrower. Lender may chaose to make this refund by reducing tfie principal awed under d�r:..'+�ate or by maldng a ditect
<br /> '�'�''�' � payment to Borcower. If a refund reduces principal. the ccduction wili be treated as a �:x�al prepayment without an�. •
<br /> - �.a:_.�.: ,
<br /> ��;,��r�.;:. � � prepayment charge under the Note. • _
<br /> .r±.�-a.� _
<br /> ; �.;. � 14.Notices.Any no6ce to Borrowcr pravidcd for in this Security tnstrument shall be given by delivering it ar by mailing
<br /> �_'� ��=;_ i it by first class mail unless 2pplicable taw requires use of ane�ther mcthod. The notice shaU be directed to the Property Address _
<br /> �' :•',�=. ; or any other address Bortower desigrtates by notice m Lender. Any notice tn Lender shail L�given by first class mai.��a
<br /> ,, `�`; ; Lender's address stated herein or airy other addr�s Lender d�+ignates by notice to Barrower. ll:�y notice provided for ic�riii��,' _
<br /> - _ Serurity Inst�nt shall be deemed to havc becn given to Bonower or l.ender when given as proyidod in this patagraph. • ` . _
<br /> �-;~ 15.Governiag I.Aw; Severability. •This 5ec�.rit} lnstrument shalf bc govemed by fcderal taw arw£ the law of the ,
<br /> -- --- jnri,�►fxction in which the Property is located. In the ev�.rn that any pmvision or clause of this Security lnste*y�a:nt or the Note ___
<br /> : �z:.-r:`�. mn�t:ers with applicable law.such oa�n.I�iix��:sall not affect other provisions nf this Security Instrurient or the Note which can be =
<br />-�' ,� �"-- given effect without the conflicting�n��i:�w;,,.. Ta this end the ptovisions of tfiis Security/nstrar.:ent and the Note aze declared �`
<br /> �.
<br /> to be severnbte. � • -
<br /> ;, 16.Bon+ower's Co�+�t3orrower shall be given ane conformod copy of the i�ote and of this Securiry instrumem. �..
<br /> -- —_ � �,,�-. .� �am 3028 9/90. r
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