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<br /> ;;;.:� tptth judDmnnt aouid roauft In tarfdluro o9 tho Property or othcnuloo mntcrt3lty ImpaU tho ttcn creatcd by thia E3ccurtry Instrument or t ander o _
<br /> -�a,�•`.lr'f.—_.�. ,. -- -�
<br /> eeaurity Intaroat. Borrowcr may aure euah a dctault end ra�netoto,ee providad In Ftrapr�ph 18,by eaueing the aotton or praaead�np to be . �: j--:�„�,:
<br /> � �J` "- - --- di�ocd ti71th a rollne that,in Lerfder'a goad telth det�+min�tton,graotudea tade:ture ot tha Borrowor'e fnteroat U the P�operty or othur matedai
<br /> .. . _" _ __ . :�i_.���._-.
<br /> � • Imp�lrtrtent ot fhe Ilan orcatad by thia 8acudty Inatrument or Lender'e eQaudty InCerost. Bcrtawer eholl eleo bo in deteuit Ii Bonawar,dudnp tho ' ° � . _
<br /> " IoAn appRwtlon ptoaeao,pave mneritliy tM�ao or Innocureto intotmattan or ntatemente to Lender(or tatted to provldo Londor with any m�eMal a"'k J ,
<br /> Intortnatlon)U eonnooilon ralth the!om�videnoed by the Note,lnoluding,but not Ilmfted to,reprasentetiena conaomtnp 8onowoPe oocupnnoy ot • .`�'-'•'
<br /> � the Properiy ee a principai rcakldnee. II lhle 8ecurity Inatrument fs an a Icaaohald,Borrov�cr ohuU eompty wlth ail tho provielanA of the lesae. . '"''=
<br /> It 8afrower aaqui►ea tea tiite to tho Proporty,tho Ieaoehoid and tha tea tit�e sha11 not morgo unloaa Lendor agreos to tho mur�m In w�tinp. • : • .
<br /> � � 7. Proteotlon of LendeP's RlgMts In the Propotty. It 8orrowar Ielis to pertom►tho oovonanta end agreomontn coMained u r;--., � � =
<br /> • In thia Securfty Instrument,or there ia a tegnt proceading thnt mny algnHlcanUy atfeat Lender's dghta In the Properiy(auch as n proceed!rtg -_ _ .
<br /> . •.� In bnniwptay,probata,for coademnaUon or todeiture or to entorco lews ar regutaUons),then Lender may do and p�r tor whAtever is necas�wry .
<br /> to protect the vatuQ ot the Property and Lendefs dghte In the PropeAy. Lender's eotions may Inciude paying any aums soeured by a Ilen whloh
<br /> • � , . has pdority over this 9ew�:.y Instrument,appearing In court,payfng rcaaonable attomeys'fees and entering on the Praperty to make repnirs.
<br /> � ' � , Although Lender may take aatlon under this pa�agraph 7, Lender does not heve to do so. .
<br /> • ' My amounta dlaburseo by l.ender under thla paragreph 7 sheN become addlGonei debt o!Borrower secured by this S�cueity tnsVUment.
<br /> ' �� Uniass Borrower and Lender ag►ee to other tartns ot paym�nt,these amounts aha0ltr�e Fadorest irom the date of dis�urser.ten4 ot tho ��°
<br /> � Note rate and shall be payabie,wfth interest, asen rtetiso itom Lender to Bortower���a�sting payment. , �
<br /> 8. Mortgage Insuranee. It Lend�r requtr�d rrtertgage Insurance as a conatitlon ot maktng the loan secured by this Sscurity Instrument. � . �.
<br /> � Borrower shali pay the premiums requ're�l to mafntain the mortgage insuranca in ettect. if,tor any��ason,the m�rtgage fnsurance eoverage
<br /> � ' required by Lender lapses er e¢ases to be in eitect,8errower shall pay the premlums�e�u�red to obtain coverege substentfaily equNeiaM to tho „ �
<br /> � mortgage inauranee pr¢viously in eN@ct,at e coet substanttaily equNalent to the cost to�orrower ot the mortgage insurance prevtoasy ln eftect,
<br /> 1 ,, ..
<br /> fiam un attemato mor�gag�insurer approved by Lender. ff substantiapy equNa�ent moAgage Inaurance coverage ia not svatiable,Bonotver shall pay ,�
<br /> • to Lend2r¢ac�e rt�enth a sum apuat to ane�tweHth ot the yeariy morSgage insurance premium being paid by Bortower when ihe insurance coverage . .
<br /> lapsed os ceased to be tn effect. Lender wili aeeept,use and retaim these payments es a loss reserve in Yeu ot mortgage Insurence. 4oss resenre . '
<br /> ` 'r;
<br /> paymeMs may no longer be required,at the opAon ot lender,it mortgage lnsurance coverage Qn the;,raaunt and for the perfod that Lender � �. , � _
<br /> requires)provided by an insurer epproved by Lender egain becomes availeble and is obtained. Borrower ahatl pay the premiums requirad to ,� ' ` ;;`;
<br /> meintEtin mortgage insurence in eifect,or to provide a Ios�reserve,untll the requirement tor mortgage insurance ends in accordance wtth any rk• �rc�s�:•
<br /> � written agreement between Borrower and Lender or applicak(e�aw. �,��tr�.+t ';�"'"`%���:
<br /> 9, toapeetton. Lender or fts egent may make reasonable en�les upon and inapectlona of the Property. Lender shall give Borrower ,, I
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<br /> notice at the ttme of or rtar to en inspectlon s n reasonatrie ceuse tor the Ins on. �.:�.•,�{�"�',
<br /> p P�M 9 Pecti �,�,,',".'„yy ..,. ?,.
<br /> • � 10. COndOmnationr The proeeeda of any awara or daim for damngea.Jir�ct or cansequessUaf,M conns:cttcr.•rrkh any condemRatlon =—=�`=U.-,� �'��Xt:�;
<br /> or other ta�ing of eny FaA oi the Property,or for conveyance In Ileu of�ondemnatlon,are hereby assigned and she11 be pald to Lender. } `"''
<br /> �� � in ihe avertl ot a to1a1 iaking of the Property,the proaeeds shall be appiled to the aums secured by this Security inabument,whether or not � ,''���`•"`
<br /> then due, wilh any exceas paid to 8orrower. In the event of a Fartta�a��<:ng of the PrapeAy in which the falr market vaiue of the Property • ��� '^+� '��_
<br /> ,.'{+�k.�.
<br /> immedfaiery betora the taking is equat to ar greatvr than tfie amount o1�he sums secured by thls Seeurfty Instrument Immed!atety before the tatdng. �;�[�1:�:f..t �1�.
<br /> unlesa Bortower and Lender othervvise agree in wAtin ,the aums seeure d b t h is S ecu d Ins t r umen t s ha l l be re d u ced b the amount of the '`5 •`�;1�
<br /> , 9 Y t Y Y ''•�SiF±.nt, �.f�,;
<br /> . , proceeds muwplled by the to0owing fraallon: (a)the to1a1 i.r.aunt of sums secured immedlatey before the taking, dNided by(b)the feir market " � �,� '
<br /> vaiue ot the Propetty immediatety betore the taMng. My halance shal be pald to Borrower. in the event of a partlal iawng ot the Proper�y in I ;,iy'��" '
<br /> wfiich lha tair market vaiue ot the Prop�erty immediatey betore the taWng is less than the amount oi the sums secured unmedlately betore the "���'••�
<br /> •.� � �;,��.a,t,
<br /> � � itiking,unloss Borrower and Lender otherwise agree In writing or unless applicable law otherwise providea,the proceeds shaU be applted � ;,_i,�'.,t , " �
<br /> ,,.
<br /> ta ttee sums secured by this Seeurity InsWment wheiher or not the aums are the�due. �;.�1����
<br /> ' 191ha Property Is abandoned by Borrower,or N,aftar nottce by Lender to Bortow¢r tfial the condemnor oHers to make an award or settle j ••."y�r,;tL,.;"
<br /> ;�'`1 a daim tor damages, Borrower feiis to respond to Lender wfthln 30 days aker the daie the noUce is given.Lender Is euthofaed to cotiect '�`
<br /> �'�� ' •' ., and appry the proceeds,at ks opUon,either to restoration or repair ot the Property or to the sums secured by thls 5ecurity Inatrumait,
<br /> '-'!�.'..;,•. , ,
<br /> �,si�;.: .�1 �; :� whether or not then due. � ;?'"'�.
<br /> `•'`r•;��; 'd Uniess Lender and Bortower othenn(se agree in w►Iting,any applicaUon of proceeds ta pdncipai s�ai1 not extend or postpone 1he due � ,. •'
<br /> '��rf . date of the monthly payments referced to In paragraphs 1 and 2 or change the amount of such payments. I !,;I;,+,}
<br /> "' 11. Borrower Not Reteased; Forebeararoce By Lender Not a Waiver. Extension of the tlme for peyment or modHication '"`� '
<br /> ;,,.,,
<br /> ;;��,:; , _ o!amordzatlon ot the sums secured by thla Secu�ity Instrument granted by Lender to any successor in tnterest ot Bortower ahaN not i ',�r���
<br /> ,.��� � " opetute to relcase the Iktbilfly of the odginei BoROwer or Borrower's successors In Interest. Lender sPraU not be requked to commence �: • •
<br /> ��;' proceedings against any succesaor in Interest or retuse to extend time tor payment or otherwise modlly amortizatian of the sums sec:ured ���i<,ti,-,
<br /> '4:� by thls 3ecurfty Instrument by reuson of arty demand made by the original Borrower or Borrower's successors in miP�Asi. My torbearance �
<br /> by Lender In exerdsing any dght or remedy shatl not be a walver of or preclude the exercise of any right or remedy� ! �
<br /> 12. Successors and Assigns Bound; Joiot and Several Uabitity; Co-signe�s. The covenants and agreements of
<br /> t this Secudry InsVUment ahall btnd and bene8t the succesaors end assigns of Lender and Borrower,subject to the provisions o1 paragraph
<br /> ''' 17. Borrower's covenants end agreementa shall be Joint and severel. Any Borrower who co•signs this Securiry instr�r,ent but does not ,
<br /> �,.
<br /> execute the Noto: (a) is co•slg�ing this Secudty Instrument only to mortgage.grant a�d convey that Borrower's ir�terest�n the Property ,
<br /> ; under the terms of this Security Instrument: (b)Is not personaly obligateJ to pay the sums secured by this Secu:7�j lnstrument:and(c)
<br /> agrees that Lender and any other Bortower may agree to extend,modily,forbear or make any accommodatlons with regard to ihe tertns ot
<br /> thte 3acurfty I�strument or the Note wlthout that Borrower's consent. �
<br /> 13. Loan Citerges. It the loan secured by this Security instrument Is subject to a law which sets maxirnum loan charges,and
<br /> that law Is fln811y fntetpreted so that the Interest or other�oa�charges coliected or to be collected in connectlon with the toan exceed
<br /> � the permitted Iimits,then: (a)eny such Ioan charge shail be reduced by the amount necessary to reduce lhe eharge to the permitted
<br /> Omtt;end(b)any suma already eoAected from Borrower which exceeded permitted Iimfls wiY be refunded to Bortower. Lender may ehoose
<br /> .��Y.._��....�,....�.....��...�....r.e�..,..�.��.�o.etio N.,m nr hv mnlclnn o dirae:t eavment to Eurtower. It a retund redutes prin-
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<br /> dpat,the reduction wtil be treated as a partiat prepayment wfthout any prepayment charge under the Note.
<br /> � 14. No4ieea. My notice to Barrower provided for fn thfs Secu�ty Instrument shsil be gNen by delivering it or by mafling it by first
<br /> �• ciass mail untess applleable lew requires use ol another method. The notice shall be directed to the Property Ac�:�•�ss or any other address
<br /> �
<br /> 3D28Y.km�3A» n,g��o�s Form 3028 9/90
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