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<br />___ __� sli�cll ljc��aic�.ic�l,curi;.r. _
<br /> lii tit�c cvent �+f a tatn! tnking c►f tbr, l'icqxity. thu pi�r:cc�l; �I�ail f� aE�pilat ho tl�c sumg :.ci'ur�tl hy �hiti ticruci�y
<br /> ! In�triuucnt, whcUu�•c�r n��t dicn dnc, �vitD airy cxcca�pafd tn Ilcsrru�vcr. In Ucr.cvc�n��P n��a�tial�akiu};��f�t��1'r�ryKriy in
<br /> -� wtdch the f'idr mnrket valuu of the I'rn�xtty immecliuteiy lKtun Ibc tukDip is e��uai tu ur Nra►ter�han IhC wnuutu uE�tt►c�umw
<br /> -__ --__�•�•� sccur�.d by lhlti S�z�•tuity iust�w►�cnt i�iinv:�tiatcl�1h:fnr.:Ilic tidcl�i}s,nnic�c ilnre�++vcr m�il I.cn�lcr nlli��rwl,i�c!}�.rrr,in wrilln��,
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<br /> _ , liic �wnx hecur�Q hy Ihis Sccurit�� insirumcnY�h;di i� redace:d i�y ii�c�u�iuuf�t ui't�w�,�,�w.:al,�.���ttl�,ii.:�S�^ iL,, f:�1Eu'..la;; � -
<br /> r�,,�,i,►,,: c�,�,r,��„<«�,,,,,�,�,,,,�r oi,�y,,,,,���«�����„m�+uatrly 1►efnee Q�c txklug,divl�kd by (h)the li�fr tnur�i-t vulue nf Ihe .
<br /> I'ro�x�Yy immrdfatc{y I�cliirc:iNc �nking. Auy haiuuec shull iv� paid to i�urruwcr. )n tlic �wc�it nt'a purihd �uki��� ot'ihc
<br /> Pro�xtiy in wbiri�the fner markct v�dE�e uf Ihe 1'ro�x;rty immcdialcly Ixf��re ll�e Ic�king iv Ictis th:ui t{►e wuaunt u6�tliu�tu��ti
<br /> --'� �ecurcd Imsncdlntcty l�efore tlie tiiking, untess fi�irrnwcr nnd I.eiider uthenvlse�a�r�e in wrftl�ig ur unlcsr upplirnhlc- law
<br /> ; uthcrwisc prov[cich,fl�c pruccedti shnll be applic.d tu Ihe sun►s ticcur�d Ny tld4 Securily Instrumcnt v�lic�hcr�;r nc>t Ihc sums nrc
<br /> _.__ _ .—_�! thcu duc.
<br /> -- lf the Propc��y is nbandoncd by Aorr�w�r.or if,idlcr naticc hy L�:ndcr to 13orruwar Uiut U�e cuu�le�unur uff�:�,in��i�k� �—
<br /> -- an nwarcl vr scttic n cluim for damnges.Borrowcr fnils t�►rc��wnd io Lcndcr wilfiln 30 days c+ftce thc date thc nattcc is givcii,
<br /> � LenAcr is nuthori7n.d�o collcct and npply thc pt�cccc�s,nt it�aption,clthcr to restaration or rcpa(r of th� 1'rc►pcny or to ihc
<br /> ---__• sums secured by rhis Security Instrumcnt,�vhcthcr or not�hcn duc.
<br /> Unless Lender a�td Omro�ver otlienvise.�grce in �vriting,nny applics�tion of proceeds ta princip:d bhall not extend ur
<br /> postpone the duc datc of thc monthly paymcnts rcfenrd tn in parn�rfiplis I�nd 2 or changc dic imiount af such paymc�its.
<br /> 11. Burrower Not Released; ForbsArartce Uy I.endPr Not � Walver. Extensiori of the time for pnyi»ent or
<br /> -- -- - ---° modification of a�norti•ra*_ion of the sums secarcd hy this Security Instrument Fmnte.d by Lender to�.iny successor in intcrest
<br /> of Borm�ver shall not operate to rcleasc thc liubflity of che original DnROwer or Horrowcr�succcsson in intcrest. Lcnder �
<br /> — shnll not be�quired ta commertcc pracedings agninst nny succcssor in intcrest or refusc ta cxtend timc f�r payment or
<br /> =-�.�s� othcnvise inodify:►mortizntion of the sums secured by thi4 Sccurity Instrument by rc:�.son of any demnnd mnde by the oribinal
<br /> � �� �-� Borrower or Borrower's successors in interest. Any forbcarance by Lender in cxcrcising iiny right or romedy sliall uot bc a
<br /> —__— �vaiver oF or preclude the axercise of any right or remedy.
<br /> ---°-_��— 12. Successors pnd Asslgns fiound;Jaint nnd Severnl Liability;Ca-signers. Thc covcnants and.�greements of this _
<br /> ___—__--__ Security Instrument shall bind nnd benctit thc successors and assigns of Lender and Bonower, subject to�he provisions of
<br /> � -� paragr.�ph 17. Borrower's covennnts and .►grcements shnll be joint and several. Any Borro�ver who co-signs this Sc�:uriry
<br /> - --="""��`� lnstrument but does not execute the Nota: (a)is co-signing this Sccurity Instrument anly to mortgag�,gram and canvey tlmt
<br /> - -_--= Borrowcr!s intcrest in the Property under the terms of this Security Instrument; (b)is not per.;onully obliguted to puy tttc sums
<br /> _-, secured by this Seeuriry Instrument;and(c)agrccs that Lender and any othcr Borrower may agree ta extcnd,modify,forbear
<br /> ""�,� ar make any accommodations with regard ro the terms of this Security Instrument or the Note �without thnt Borrowerl _
<br /> ...:_��,����,� consent.
<br /> _,;-��,�� !3. Loan Charges. If the loan secured by this Security Instrument is subject co a law which sets maximum loan
<br /> --��s.�a,�;,,.,,R charges,and that law is t7nally interpreted so that the interest or other loan charges cullected or+o be coll�cted in connection
<br />-"�''�'`"'''�"` with the lo:sn exceed the rmitted limits,then: (a)any such loan cha�ge shall be reduced by the amount neces,ary to reduce
<br /> -=_�;�r,y�: �:'d�;; Pe
<br />-=='�--,�i..�",, the charge ta the pertnitted limit;and(b)any sums ale�eady collected from Borru�ver which exceeded permined limits�vill be
<br /> -_=-�":;��'?�"�Kr'% refunded to Horcowcr. L.endcr may choose to make this refund by rcducing the principal owed imder the Note or by making a
<br /> -��Y='t]`4�v�'"-t''"` direct payment to Barrower. If a rcfund i�educes principal,thc rcduction will be trcated as a parti�l pmpuymcnt without any `--:_
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<br /> -f',,,,,,, prepayment charge under the Note. °�
<br />':;;;;,E��•:•"K ;;�,: 14. Notices. Any noticc to Borrowcr provided for in [his Securiry Instrumcnt shall be given hy delivering it or by �-�-
<br />_===. -�- mailing it by first class mail unless upplicable I�nv reyuires utie of another method.The notice shall be directed to the 1'mperty ��_.,.
<br />_�.��;T�_`�` Y €� Y �'�__
<br />_J�_:SL:== :r'<;,"' Address or any other address Borrower designatec by noticc ro Lendcr. An noticc to Lender shall be rven b f1I51 CI;I55
<br /> R_i��:,�iG''•,=.';:�';?�: mail to l.ender t addmss stated herein or:u�y other uddress Lender design�tes by noticc to Borrower. Any notice provided for
<br />��.`.��" yu�~�: in this Security [nstrument shall be deemed to have Ncen given to Borrower or Lender whcn givcn as provided in Ihis '�'
<br /> ...,°:'<i=.t y,;..-�• pamgraph. .
<br />_.2���'` -:�- -�- 15. Governing l.a�v; Seve►•ability. "fhis Secu�ity Instrument .hall be govcrned by fcdcral law and thc law of ihe
<br />--- -' =�.�y�`,_ jurisdiction in which the Froperty is locatcd. In the cvent that uny provision or clausc of thiti Serurity Instrument or thc Note
<br />===Y.�..�;c:•,� •,i, . confl�ets with applicable law,such conflict shall not affcct other provisions of this Securiry Instrument or the Note which can
<br /> _''`�'"'''�'''!�'� be given effect without the conflicting pruvision. 'Po thi,rnd the provisions of this Securiry Instrument vid the Note are
<br />::'`-';`_'�: �'�Tr``, declared to be severable.
<br /> " 16. Borrower's Copy. Borrower shall be given one conformrd copy of the Note and��f this Security Instrument.
<br /> v"' � 17. 'I1�nnsfer of the Property or a BeneticEul lnterest in F3orrower. If all ur any pan of the Property or any intcresl in
<br /> = it is sotd or transfcrred �or if a beneticial intcrest in Borrowcr is sold nr trnnsferred and Borrowcr is not a natural pcnon) �
<br /> `�r�n'.;; . ' withou[Lendcr's prior written consent.Lcndcr may.at its option,rcquire immeJistc paymcnt in full of all sums sccured by
<br />__ " , this Security Instrument. However,thiti option shull not be exercised by Lcnder if exercise is prohibited by federal law as of
<br />:.o,.-•• • the date of this 5ecurity lnstru►nent.
<br />:=� ; ' If Lender excrcises this option. Lcndcr shall givc Borrowcr noticc of acccicration. Thc noticc shall providc a period of
<br /> . - � , not less than 30 days from the date the notice is delivcred or mailed within which Borrower must pay all sums securcd by ihis
<br /> 5ecurity Instrument. If Borrower fails to pay the�c swnx prior tn the expiration of this period, Lrndcr may invoke any
<br /> ,.' ' rcmedics permittcd by this Security Intitrument without further noticc or Jcmand on Borro�ver.
<br /> � 18. Borrower's Right to ltcinstntc. If Bortowcr mcct+ rcnain conditions. Bortowcr +liall have the right to have
<br /> � . - enforcement of Ihis Securily Instrument diticontin�ted at any timc prior ro the earlier nt: (:+)5 dayx(or�uch other Exriud a�
<br /> SinFlc Runily••I�i�nnlc A1ac/6Ycddlc Muc UNII�OIt111 INtiTRll�fl?NT-Umlorni C��rcnon�+ 9/90 yui¢���,1 n p�rc.i
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