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<br /> `•��1�OIIS►�s 1����O�iMi.iR iM(*fitl�d.I�dr�iE IIro1��OS cpw¢��iit���R,�i�iiii`�. '
<br /> � . °�iR t.�iAr ��s}i��iii i�r ai�I�r�i��/rjr I�i1�c�M Mn�-�i�i�1N�ai�l�iri,�i1t i���..: . .��
<br /> < 11r;��e■i�,��iri r���a��jt iM■�osiN d�ict,ar a�atY��1ow wNew�•�1 A!�:wllwiit 1rt�+�: ; `
<br /> > i�wniioe a�,il�aooa�irc�e wl�,ar!►wtl�es a�re�e O�t+�Senia�i�ee�I�o�'ar+�ieiie Mr•� ::� , < , , ,. .
<br /> � !.i�eM�.t;e�ier a i�a�etl�w�►yo�lae p�ror6ie.�ier Mpat�id�p�itior d lil�Pliolay.�t�eidec�YII�r: , . .
<br /> ' �psewa-�atioe at�e tL�e afoc prio�tio s�iof f�fjti�rerori�ire�for is i�eation'.:_ .- _ :.� ,;�., `._`�• '. -
<br />� , . 1l.�l.a�i�.li...�ne p�oeea�s.br�,a�ed a c1w�tord�e�.dinea`oc.ao.r�e�enW,ii on�etioe..i�!a.�r �
<br /> ' aoadam�tiaa+o�albtr ak�e�at�i pet pf t�e�aty,a tar�r�oe is fiar�cad�tio�►�rie Meed!�r a�r+ped!d : ' .-
<br /> sIW!Iie p�id to L,eadpF . �� � - ... ._ . :. _ _- � _ '= =� - � :,�: '�- � -;� := :.' - - „
<br /> _ - I��he aveat of a taW Ltio�of tie Pmpr�ty.tie pn�oeeda�iill be�ppiied tu tAe�u+an+ed by tYis Seruot7►�. � . :
<br /> w�a ar act t�dae.wrid�#ny exca�t P�id w Ba:�er.Lt tbc areot a[.i p�etW tatie6 a[ti�e�pmpat�r in tvlicii'tk fair
<br /> . mieloet vdne cf tbe Ptu�peet7 i�ame8ialdY befaoe tbe pitias i�oqoalla at�d�rn tbe amouat of d�e amas s�ed bq�tlw :
<br /> • Socu�ity�I�tr�mea�imimedi�Icty beCona the hi�iu�,�Ha�mM+er�nd�Lendes a�ivaGUpee.ia irntia�.�e wi��awed 6�r
<br /> tbis Sec�iity In�ucneat sidll be ic+duoed hy t6e amowit oCdro lxnoeeds.�iplied bS►1be foibwiP6 fx�ctioa: (a)-tLe 10�1 -
<br /> aaount of tbe�wnt�tecut�d inMmeditldy befare tbe t�kio�.divided by(b?t�e fair matket value of tbe P[opesty�e�tdy
<br /> 6lf0[�6 tbC WCIO�,.M�t bI�MC l�ll bC�f0 BORO'INOf.,bl dIC NdK Of��[tlil ti�l�Of dlE P[�y►ID 11h�t t�1E rif
<br /> mKlcet vdue of tbe Peop�aty immodi�tdy befoie the tdun�is lees Wm We�moia�t of dre snms fec9ted immed'wtdy befc�e tbe
<br /> ti�cbn�.uoleas Bon+a�wer aad.i.eadet otlxnvise spee in acid�aK unkss applic�bte taiv a�ise pwidea,tlte poceeas�U
<br /> ba applied w the�aun�t secund isy this Security Imuur`aent arLetl�r or mt tbe s�s ace ti�a due. '
<br /> . . If the Pmperty�is ab�ndoocd by Boriower.or if,�notica by I.eader w Honuwa Nat tbe 000deanor offaa to nuke an
<br /> . a�vnd or settk a��taim for dt�ges.Bormwer fails w�sspad w l.eader withia 30�days�ftix tLe d�tie the mttae is sivm, .�
<br /> Lender is aothori�ed w wlled and appiy the ptoceeds.at iW o�tioa.dtlle�W�toration ur rep�ir af tbe pcopetty or ta the wau '
<br /> � �o�ed bY this Saui!�Y Insuumeq.wtxtb�r or not tlun�e. . - • - . . •
<br /> Unkst 1Rtrkr�rd Hotrower othetwise agrx in wtitin8,�Y�PP��of p�ooeeds to princip�l abali aot extead oc
<br /> .postpooe the due date of the mondily pryiants neffene�to io pa�graphs I aod 2 or d�nge tbe ama�r of�ucb paymaKS. '
<br /> il.�oerower Nat ltek�ed;Forbearance By Leader 1Kot:WaI[a.Exta�sion of tbe wne for ptyment or modifx�ion �
<br /> of�mo�tintion of t!�sums socund.by tlii's Sowrity Instrument grantod by�I�ender to any�ssor in inte�est of Borrower st�ll
<br /> not op�te to tetease the tiability af tbe orig�itial Bormwer or Borroaer's soaoessois in intee+est.Lxnd�er sb�d1 not be:oqoiied to
<br /> . oommp�oe pra+eedings against any�sor in intec�est or nfuse to exterd time for payman or othe�wis�e modify pmortiiation
<br /> of the�sums saairod by this Security Itutnsment by rrason of aay demarid made by the o�gina! Bqaower or Bormaer•s ':.:
<br /> ,. .[.,.
<br /> suocessois(n intsnst. My forbeuance by Lender in exercising any rigt►t or remedy shall aot be a waivu of or proclude tl�e
<br /> exercise of a�r right or remedy. � �
<br /> 12..Suooeaxoes.snd �lsst�Boam1:Joint nrid Seve�l Li�bUity,Co-sil�aers• T6e oovenarits and ag�oemrnts of this.
<br /> Savrity Instrument shall bind and benefit the successors aod assigns of Lender and Borrowa,eubjed to tbe provisioos of
<br /> pwagraph 17. Borrower's covenants and agreements shall be joint and several. Any. Botrowcr who.oa signs this Socarity�
<br /> � Inurument but dces�not eaecute the Note:(a)is co-signing this Secarity Instroment only te�a�vrtgagr.`grant and convty t6at
<br /> Borrowtr's intarest in the Pmperty u�der the temis of this Sec�ity Insuument;(b)is not p��aaSy ob}igatod to pay the sw�
<br /> secured b}!this Security Insttument:and(c)agrees that I.ender and any other Bonower may e�ree to exte�d,modify,fotbear or
<br /> make any accommodations with regard to the tera�s of this Securiry Inmument or the Note withont that B'rx�vwer's consen�
<br /> 13.Loan Char�.If the loan secured by t�zs Security Instrument is subject to a law which sets�imum loan charges,
<br /> and that law is finally interpmted so that the interest or other toan charges coliected or to be coltected in connection with the
<br /> loan eaceed the pem�itted timiis,the�z-'(a)any such loan char�¢shall be reduced by the aen..�necessary to reduoe the charge
<br /> to the permitted limit:and(b)any s�ms atready coUected fror�Btnrrower which exceeded p�:tted ljmits will be refunded to
<br /> Borrower. Lender may chaoce to make thiy refund by reducing the prin�i�at awed under the iVate ar by maldng a direct
<br /> payment to Borrower. If a refund reduces principal. the redaction w�it E�.ueated as a partiat �iti.,,�ayment without any
<br /> prepayment charge under the Note. � � •
<br /> 14.Notices.Atty notice to Borrower provided for in this S�curity Instrument shall be given by delivering it or by m�iling
<br /> it by first class mail nntess applicable law requires use of another method.The notice shall bc directed to the Property Address
<br /> or�ny other address $orrower designates by notice ta Lender. Any nntice ta L.ender shall be given by first class mail to
<br /> Lender's address stated herein or any ather address Lender designates by notice to Borrower. Any notice provided for in this
<br /> Security lnstrument shall be deemed to have been given to Borrower or Lender when given a�prnvided in this paragraph.
<br /> . 15.Governing Gaw; Severability. This Security lnstrument sh�ll be governed by federal law and the law of the
<br /> • jurisdiction in which the Property is located. In Ehe event that any pravixion ar clause af this Seeurity instrument ar the 1Vote �
<br /> conflicts with applicable law,such canflici sha1J r.�t affect ather provisions of this Security ln�trument or the Note which can be , _
<br /> given effect without clae conflicting provision.T���is'end the provisions of this Security lnstrument and the Note are declared �
<br /> to be severable.
<br /> 16.Borrower's Copy.Borraw•er shall be given one conformed copy af the i�ote and of this Sccurity Mstrument.
<br /> � Fam 3028 9/90
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