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<br /> .-.... �� ..:., pay�t�cut;t�t�y ui�latr;,r f��i'ec�t�ir:,d.at thc�rpiiun of L�itd,:r. if r��nrtP��g:'-in:nranc,^,covcs,t;cC(i�t tlir.r��:u�uii r��3 i�,r t;;��.�:�;.:R �'";_-
<br /> ! ti��:t i.{:t:l,:: rca���i�c��)t„nvi�lc�l Gy rr� im,m��i�.:;�pr.�vcd i�y L<.udrr r.;;:�iti i�:r.���a•:';n•�aiL:Sslc r.r.�1 is nl�l��i�i-�l. i;�+��<�•.-� :,�,..�� ;_;Y
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<br /> _iL3.�,.1��,� 1{i^�i�itU�pbilti CCi�UOf.:f�i'J Il`�,+.IIU71�t1 Il10ltjj.l�;:;�11:Uld.11"Ihl C�(Cb'!,(tY(Q�li'(IV�I��:(��il'�';Si'::IVi`,Ullll� f�L';i�:l�!lIC�'.iil:iil�IiP h!!�[i, :'i;
<br /> 'wcen}la•���tivcr und Ixndcr os agpUcat�lc Inw. �"`:"
<br /> .--.-- �-� insurance cuds in nrcorcinnce�vith nny�v►�itten.i�reemenk Uc�
<br /> --�.�� 9.Inspectinu. l.cnder or+.ts a�cnt n�ay makc ru��onable cnirles upcin iu«I iuspxctin2is of tiic 1'ropcny. I�cnder sl►all E�ive
<br /> Barrowcr nu�icc nt�he t3mc nf or priar to an insp�cctiur sp^�cifying rcnsonablc cause for thc i�spccdun.
<br /> -°---�-=� 10. Co»deni�iatlo�. The praceeds af nny a�vard or cl�im far damages, direct or cUnsCquential, in conncction witl� uny
<br /> ----'�
<br /> . condemnat�on or other taki��g of nny pan of the 1'roperty,ur :or co��veynnc::iu Ilcu uk'cc�sidzmnation, arc herzby as�lg[:�tl�:n:i �— --
<br /> shnll be p:tid to l.cnder.
<br /> -_� In thc evcnt of a total t�kin�of the Pro�erty,the praceecis shall be npplied ro the sunx.5 secured by thi�Security Irmtrument,
<br /> �vhether or not tl�en duc,with any exccss paid to Borrower. In thc event of u partinl taking of the PrUperty in whicl�ti�c fair
<br /> market vniue of thc Property immcdiately before thc tlking is equal to or grcater than tlie umount of thc sums sccueccl by this
<br /> Security instrumcnt immediately beforc the taking, unless Borrawer and Lcndcr atlic�visc ugrcc in�vriting,tlie su�ns sccurcd by
<br /> � thic Securit,y instrument shall be reduced by the �mount of thc proceeds multiplicd by thc follot�ing fraction: (a) the to:al -
<br /> amounY of thc sunu sccurcd itnmediately before the taking, divided by (b) the fair mark�t valuc of thc Property imme�iatcly
<br /> �-- . before the taking. Any balnnce shall bc paid to Porrower. In the cvent of a partial taking of the Froperty in which tho fnir
<br /> _� market vulue of the Property immcdiatcly 6efore dye taking is less thnn the amount of the sums secured immediately bei'ore the
<br /> taking,unle.ss Borrower und Lender otherwise agree in writing or unlcss applicable law atherwise provides, the proceu�ls sl�all
<br /> - - be applied to the sums secured by this Su:urity Instlu�nent�vhether or not the sums arc thcn due.
<br /> _ ___ = If the Properry i�ahandaned by Sorrower,or if,nftcr notice by L.endcr to Borrower that thc condemnar offers to makc an =
<br /> ��� a�vard or setde a claim for damages, Borrower fsiils �o respond to I.ender within 3D days ufter the date thc notice is given,
<br /> ^,�,;;R��� L.ender is authoriied to collect and apply the proceeds,ut its option,either to restoration or repair of the PropeRy or to the sums
<br />:==+:��^�:•_;�:;:;�� sccurcd by this Sccurity Instrument, ,vhctlicr or not then due. __
<br /> � — Unicss Lcnder and Borrower otherwise ugree in writing, any application of proceeds to principal shall not extend or
<br />�^;"��� postpone the due date of the monthly payments refened to in paragraphs 1 and 2 ar chunge the amount nf such payments.
<br /> •...:;f�' 11.�iorro�ver Not Releasecl;Forbearance Sy Lender Not a Wuiver. Extension of the time for payment or madification
<br /> -_-�-�'� of amortization of thz sums setured by this Security Instrument granted by I.ender to any successor in interest of Borrower shall
<br /> :f��� n•,ti.
<br /> ,,a� not opemte to release the liability of the originul Borrower or Horrower's successors in interest. i.ender shnU not be requu to _
<br /> _`�,';;y��— commence proceedings against uny successor i�i interest or refuse to extend time for payment or othenvis�modify amortization _-�
<br /> '-";;�}�.,�;� ot' the sums secured by this Security Instrument by reason of v►y demand made by the original Barrower or Borrowcr's �
<br /><,�r;��,`�::s�'c.-�_ successors in interest. Any forbe,arancc by Lendcr in cxcrcising any right or rcmedy shall not be a waiver of or preclude the ___
<br /> :;.,�j,�;;�� �, cxcrcisc of any right or remedy.
<br />'_��,�?.�� *�d 12. Successors and Assigns Bound; Jolnt And Severnl L(ability; Co-stgne►s. The covenants and a�rcements of this
<br /> �a
<br /> �-_. ;��;��:.,�. Security Instrument shall bind and benefit the successors und :usigns of Lender and Borrower, subject to the provisions of =m__.
<br />_.;�����,�..w���••.:> paragraph l7. Borrower's covenants and agreemeiits shall be joint and several. Any Borrower who co-signs this Securiry �-
<br />"' '` '''�"��•' instrument but does not execute the Note: (al is co-signing this Securiry Instrument only to mortgage, grant and convcy thnt _
<br /> c:°�
<br /> ::.�`�+'{j`%=�� Qorrower's interest in die Property under the terms of this Securiry Tnstrumcnt: (b) is not personally obligated to pay the sums �__
<br />_ �_'=;`s':� secured by this Security instrumcnt:and(c)agrees that Lende�and any other Borrower may agrce to extend, modify, Farbeur or �'�`5�-_`�
<br />�--.R w�is�kl.r.., —
<br /> �_. . mak�any accommad�tions with regard tu the terms of this Securiry Instrument or the Note without that Borrower's consent. :
<br /> �-' - �— 13.Loun CharEes.If tlie Ioan secured by this Security Instrument is subject to a laav which sets maxinwm loan charges, •�.•
<br />���P'"' �� and th;tt law is finall iute reted so that the interest or other loan charges coUected or to be collected in connection with the ��. f.
<br />_. .,•,,,�s�' Y �p
<br /> ��_�'�'':"•�"�: loan excced the permitted limits, then: (a)any such loan charge shall be reduced by�he amount necessary to rcduce the charge '_
<br /> ..,,L„�,�._o���-,,.J vit• .
<br /> -���ar�-.�� ro the permitted limit; and (b)any sums already callected from Borrower which e�cceeded permitted limits will be refunded to : �,.
<br /> - _ � Sorro�ver. Lender may choose to make this refund by reducing thc principal owcd under thc Note or by making a dircct ,,.
<br />='-�"�'•�'�_��_'" payment to Bornower. If a refund reJuces prineipal, the reduction wili he treated as a partiul prepayment without any -
<br /> '':�-''-��`''•'7� prepayment charge under the Note. � �
<br /> _.-�Y�w�;f. �.y .
<br /> =�-�=�';L- '� •�•• 14.Nottces. Any notice to Borrower providcd for in this Security Instrument shall bc given by deliverinb it or by mailing
<br />-• `�•' �.." it by first class m�il unless applicable law mquires use nf another method. The notice shall tx:directed to the Property Address •
<br />`�'; • or any other address Borro�ver dcsignatcs by notice to L�:nder. Any notice to Ir.nder shall bc given by tirst class mail to
<br /> '��J`�'��- ��� " Lcndcr's address st�ted hercin or any other sddress Lcndcr designates by noticc to Borrowcr. Any notice provided for in this
<br />--_ , •• Security[nstrument shall be dc;cmeci to have becn given to Borrowcr or Lcndcr when given as providcd in this paragraph.
<br />-:;��°Y 15.Goverring Lnw; Sevembflity. Thiti Security instniment shall be govemed by fcd�ral la�v and thc law ofthe
<br /> ,,�, t, -,.�•; jurisdiction in which the Property is locat�d. In the event that any provision or claus�of this Security Instrument or the Nnte ;,
<br />=`'�•,���•. conflicts with applicable law,such conflict shall not affect othcr provisions nf this Security Instrument or the Note wi�ich c:�n be
<br /> ;� ,�� � given effect without thc conflicting provision. To this end the provisions of this Sewrity [nstrument and the Nute are declared
<br /> .""'��.' "� �� to bc scvcrable.
<br /> ��s;����,; ��• 1�,.Borro�ver's Cupy. Borrower shall be given one conformed copy of the Notc and of this Sccurity Instrument.
<br /> - Form 3028 9/90
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