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<br /> +��,,..� �O Q I V�
<br /> �11y1llCilI9 uiay au lungcr bJ i�C(�UlYv{�, id F{'lC Q�JllOfl Of fi..Cill�Cf, if mnit�a,c i�isura�icc coveril�'C(I11 IiIC�mcunt n��d�UY(�ii,*(1:[lQ1� G'r._'C..
<br /> th::t'1�ju9cr E�ccp�irc:�)p;��vicicd[�y i�u iu:uti��r.;�;j��avud by [.t:ndci'agait�bcca�ut�:;uvr�il;.i{�Ic��rd is nbtninc:l. Ln��:r:irr�.izall�r.;y ��'
<br /> tlic prciui�,�nn e�r�ui���:tl tc�;naintIIlil q1014j�>ige iusur.auce in cffect,u:.•ta E►i•ervic�e n luss�-::scrve,until Ilie rci�ult-eiiunt ti�j�mus��a},,: _----
<br /> insurance onds in accarclancr:with any wriuen�gree�ient i�etween Fiorri�wer and[,ender or npplicable latv. _
<br /> 9. Ir�tpeciion. Lcndcr or its ngent may rtial;c rc.isonal,lc ci►trics upon nnd in�pccUans nf tbc Prop+:rcy. I.eiidcr slr�ll givc —
<br /> t3orrowcr nutice at thc tii�x af or priar tn an inspcction spccifying rcasonablc ceuKe i'ar tfcc Inspcction.
<br /> 10. Cos�demn►iUon.Thc procecdc of nny nwnrd or claint for dumagcs, dircct or canscqucntial, in canncction�vith iiny __.
<br /> wndcomation or o�hcr taking of any part of the Property. or far convcyancc In Ucu of condcmnatio�, nrc hcrcby ussigrtcd nnd `
<br /> shall be paid ta L,ender.
<br /> In Ihe Event of�tatal taking of die Praperty,the procecds shall be npplied to the sums securcd by this SecuriQy Instt�ument,
<br /> whethcr or iiot tl�en duc,with any excc5a paid to Borrower. In the evcnt of n paninl tnking uf the Pr�pr,rty in whicl�thc fuir
<br /> market valuc of tl�c Property immecliately before ttie taking is cqual to or gre:uer than the amount of tt�e sums s�cured by th'ss
<br /> Security Instrument immcdi:�tcly bcfore the tuking, unless Borrower und Lcndcr athenvisc agrcc in wridng,the sums securcd by
<br /> this Security Instrumeni shall 6e rcduccd by thL mnount of the procecds multiplied by the following fraction: (a) thc totnl " -
<br /> amount of the sums sccured immcdiztely beforc the taking, dividcd by(b) the fafr market value of the Property immedlately
<br /> beforc the taking. Any balance shall be paid to Borrotiver. In the event of a�artial taking of the Property in which the fuir
<br /> market value of the Propeny ir.imedi�tely before ttic taking is Iess tlian the amaunt of the sunu secured inimeciiatcly before the
<br /> taking,unlrss Borro�vcr and Lender othenvisc agree in�vriting or uniess applica.ble faw otlierwise provides, the pracccds shall �
<br /> be applied to the sums secured b}�this Sccurity Instrument whether or not the sums are thcn due.
<br /> If tlte Pcope�ty is�bandoned by Rormwer,�r if, aftcr n�ticc hy I.ender to Horrawer that die condemnor offers to make un ,
<br /> ��vard or settic a claim for da�nages. Bonowee fails to respand to Lender �vithin 30 days after the datc the notice is given,
<br /> Lender ts authorized to co{Ic;ct 3nd apply the procec:cls, At It5 Ont1011,either to restoration or repair of the Property or to the sums
<br /> secured by this Securiry Instrument,whether or not tlien du�.
<br /> Unless Lender and Borrower othenvise ugree in writing, any applicutic►n af procceds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs I and 2 or change thc vnount of such pnyments. �
<br /> 11.�arrower Not Released;Forbearnnce By i.ender Not a Waiver. Excension of the time for payment or modification
<br /> of amortization of the sums secured b;+this Security[nstrument granted by C.ender to:ury successor in interest of Bonower shall
<br /> not operate to release the Ifability ot'the original Borrower or Borro�vcr's successars in interest. Lcnder shall not bs required to -
<br /> comnicncc proceedings against any successar in interest or refuse to extend time for payment or otherwise modify amortization
<br /> of the sums securcd by this Security [nstrument by reason of any demand made by the original Borrower or Borrower's _
<br /> cucrecs�rc in interect. Anv forhearancc bv Lender in exercisine anv rieht or remedv shall not be a waiver of or precludc the
<br /> e��ercisc of uny right or remedy. � �
<br /> 12. Successors und Assigns Bound; Joint and 5evernl Liubility; Co•signers. The covenants and agreements of this
<br /> 5ecurity Instrur�nent sball bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions nf �'
<br /> pa��agraph 17. �9arrower's covenants and agreements shall be joint and sevcral. Any Borrowcr who co-signs this Security
<br /> lnstrument but cioes not execute the Note: (a) is co-signing this Security Ynstrument only to mon�A�e, grant and convey that -
<br /> �orrower's int�rest in the Property under the terms of this Secnrity Instrumen:; (b) is not personally abligated to pay the sums _ -
<br /> securial by this Securiry Instrument;and(c)agrces that Lender and any other Borrow�r m�y agree to extend, modify,forbear or ==�
<br /> ►naI<c any accorrunodntions with rebard to the terms of this Security instrument or the Note without thut Bonower's consent. �;�.
<br /> 13. I.os�u Cltarges.If the loan secured by this Securiry Instrurrient is subject to a la�v which sets maximum loan charges, r.r-=
<br /> and that law is finally interpreted so that the interest or other loan charges callected or to be colleeted in connection with the
<br /> loan exceed the perrnitted limits. then: (a)any such loan charge shall be reduced by the amaunt necessary to reduce the charge �:_'�_
<br /> ro the permitte.�1 limit; artd (b)any sums already collected from Burrower which exceeded permitted limits will be refunded to '"'��
<br /> Borrower. Lender may choose to make this refund by reducing the principai owed under the Note or by making a direct L -.i
<br /> E..,-_
<br /> payment to narrower. If a refund reduces principal, the reduction will be treated as a panial prepayment without any �.:.._
<br /> prepayment chargc under the Note. ��,-.
<br /> 14.Nottces.An notice to Borrower rovided for in this Securi (nstrument shall be iven b dcliverin �t or b rnailin �'q?.:
<br /> Y P �Y �� Y � � Y � .�,;
<br /> it by tirst class mail unlc.a applicablc law requires use of anothcr mcthoJ. The notice shall be directed to the Property Address �:,�':r'
<br /> or uny ot8cr addmss Borcower designates by notice to Lender. Any notice to Lender shall be gi�en by first class mail to 1,:;•`r�
<br /> ,.:,.:
<br /> Lender's sddress stated herein or any other address Lender dcsignates by notice to Borrower. Any notice pmvided for in this
<br /> Secc.rity Instrument shall be deemed to have been given to Borrowcr or Lcnder whcn given as provided in this parugraph.
<br />, 15.Govcrning Luw; Severability. This Security (nstrument shall be governed by federal Inw and the law of the 7 -�,
<br /> .,.;.
<br /> ja;asdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note ' •��
<br /> cunflicts with flpplicable law,such conflict shall noi affect other provisions of this Security Instrument or the Note which can be �' "�
<br /> given effect w�i:�out tlie conflisting provision. To this end the provisions of this Security Instrument and thc Note arc dcclar�cl •
<br /> to be seyerable.
<br /> 16.Borrower's Copy.8orro�vcr shall be given one canformed copy of the Note and of this Security instrument. �
<br /> form 3028 9/90
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