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<br /> iy�;�f'' , '9Q M (�1�a(]!� �.�'�7'IYi'h ..-
<br /> s . � subst�intl�lly cquiviticnt m�►rt�ugc iusurnncc covcrngc is not nvuilnblc. Ilorrawcr shnll p:�y to f.cnd�'ft11'ii�If�I1T�`tf sunt cquol to ---,�,-._-
<br /> ' nncd�vclflh a(It►e y�.�rly mnrt(;aftc insuran�c prcmium hcin�y�aid by �'.nrruarr whcn thc insuruncc a�vcrnl;c lupycd ur�tin:cd tn �� _
<br /> ..LL��:
<br /> 9iL in ciRct. I.�iidcr�vill i�cccpt, iisc unQ rceain�I��sc��ayntcniv uy ��lutiti rctict•vc iu ll�:u uf nwr���ut:6 imnr�mcc. la��.y rc,crvc : �y.
<br /> � �r:�yiucinti�nay nu lun�,cr bc r��uii�s�, a� Ihu upliun ut I.�ndrr. If m�ul��u�;�� Im,�n;inrc cnvcro��c lin ilic unwuut nnil lur thc�Tr.riu�l
<br /> li�nl B.cnd�r rct�uf��ti)�nuvidc��I�y nn im,u�cr;ip��wv�r+.l by I�:ndrr;i�;nSn h��r+�inr•� uv;iilnl�lc tu«I fa ubiniut•d. Hwr�nvr�� ,lu�ll pczy , �,.••
<br /> �hc prcml!emv rc��ulrcel tu m;dnlniii mu�t��n}�c inhuranru in cffccl�ur tn pnwl�ic n loy, reticrvc.unUl �h�rr��uirc�ncnt lur m��i t�a�±c --
<br /> • . IIl`�Ui'dlll'C CIllI4 IIl Ill'l'�Iflllllll'C 1V�lIl Illl�f�4fll�Cll ll�;rccmcnt hal�vcrn Ilurri�wcr�uid I.�nilcr ur uppllc��blc Inw.
<br /> � 9�In°��xy:Uun. I.cmlcr ur it�nlZcnt may makc rcnsunablc cntiiirti upun and iotiprcUnn,uf�ih��I�ru�icrly. Lrudcr yhnll givc , ;--
<br /> I�laiir�nvcr nciticc nl Uic Ihnc of oi•prlor w rui Impcctinn�pccUyin�;rrasom�hlc cuu�,c fur Uic in�pcctiun. „ -.�
<br /> . . 1Q, Condcntnutlon. 'I'hc pruc�ctlti uf uny •nvnrd ur cltdm fi�r duntalSrs, dlr��ct ur cnn�cqucntiul, in conuccilnn �vit{i m�y ,_::<-�:�,.
<br />- � cundemm�dui�u►•ulhcr tuking ut'nny pazt uf tl�c I'r��perry. ur ti,r cunvcy,mcc in licu af'r�mJemnutinn, as•c hcrcby nstiigncal mIId ..;�n��
<br /> ° �� shull bc p;dd ta I.cndcr. .
<br /> � �� In d�c cvent i�P u toud tnking nf tho Property.thc prucccds sh:dl bc upplicd to th��sums sc�:urcd hy ti�is Sccurity Insirumcnt. � �
<br /> • �vhcthcr or nnt thcn duc, with .my cxccss pdi1 to Rorrowcr. In thc cvcnt ��f u partiul niking uf thc Pr��perty in which�hc fuir '�'�
<br /> � " mnrkct vnluc�if thc Propcny imnudintcly bcfarc thc tuking is cyuid tu or�;��catcr thun tl�c umuunt of dic sums�ccurcd by �his .. ti
<br /> Sccurity[nstrumcnt immcdintcly bcPorc thc taking,unlcss Elarro�vcr und Lcndcr othcnvisc ugrce in writing, thc su�us ticcured by
<br /> this Security Instrumcnt tihall hc rcduccci by thc a�nount of thc procceds �iultiplicd by thc following fr.tction: (n) thc tntz�l . _
<br /> iimount of thc sums sccured immcdintcly bcforc ihc tnking, dividcd by (bl thc fuir markct vuluc of tlic Property immcdiwciy ,
<br /> ' befnrc the tuking. Any balance shull bc paid to Borrawcr. i�� die event oT u paniul taking i�f thc Property in whirh thc fair ' -���?!��
<br /> market value of thc Preperty immcctiutcly bcforc the takinb is lcss thun thc amount of thc tiums securul immcdiutcly bcforc�hc �� ,; .�,, • .,��'!i
<br /> takins,unless Borrowcr und Lendcr otherwise agrca in writing or unless upplicable luw otherwise pmvides, thc procccds xhall E r '`• •• • :��'���
<br /> • bc applic.�i to thc sums sccurcd by this Sccurity[nstrumcnt whcthcr or not thc sums are tlicn duc. �� °""�,e;+ � '�
<br /> If thc Property is abandoned by Borrowcr, or if,ufter noticc by Lcndcr to Borrower thnt the condemnor offcrs tu makc un ,n$
<br /> awnrd or settle u claim for dama es, Borrower fails to res ond to Lender withm 30 days uftcr the date the notice is Sivcn. �,�^,�
<br /> ��_.��ri:ysa r�
<br /> L.ender is authorizeci to collect and upply the procecds,at its option, either to restorntion or rcpair af the Property or to thc sums . ..;_. _ -
<br /> secured by this Security Instrument, whcther or uot then due. � :F'�'�-�� s' e'�;��
<br /> Unless Lendcr and Borrowcr othcrwisc agrcc in writing, any application uf proceeds to principal shall not extend �r �-��'�•------�'"
<br /> _..- _ :��,o,v;;
<br /> � postpone the due date of the monthly payments rcferred to in paragraphs I and 2 or changc the amount of such payments. '' w-,t•-._L�_
<br /> I1.f3orrower Not ReleASed;Forbearance By Lender Not a Wniver. Extension of the time for payment or modification •�- �:;.�:...��-
<br /> of aenortization of the sums secured by this Securiry Instrument granted by L.ender to any successor in interest of Borrower shall ;;;'a`�:';_. _
<br /> • not opernte ro relcase the linbility of the original Borrowcr or Borrowcr's succcssors in interest. Lcnder shall not bc rcquired ta �E.�!.iaw��t•,-wL:..:`---
<br /> • conunence proceedings ngAinst any ,uccessor in interest or refuse to extend time for payment or othenvise mudify arnorti�.�tion ��n��-�,ti�=;.--.�.�_
<br /> � tti��':: of th� sums secured by this Securary [ns[rument by rcxson of any demand made by the original Borrower or Borrower's ��"��.r•�r ��„_ =--
<br /> ��.;
<br /> , �:�� successors in interest. Any forbcurance by Lender in exercising any right or remedy shall not be a waiver of or preclude tlic � +�'���t������
<br /> excrcise of any right or remedy. ����" � ±r'""—`
<br /> �'_�I�h. S' -- —.
<br /> � 12. SUCCf550i`.i AIItI ASSI�,I1S Iiound;Joint nnd Several Liability; Co-si�ners. The covcnants and t�grcements of this
<br /> Security Instrument shall bind and bene�t the successors and assigns of [.ender i�nd Borrowcr, subject to thc provisions of �"�
<br /> •.;;�, par�grnph 17. Ba�TOwer's covenants 3nd agreemcnts shall be jaint and severul. Any Borrowcr who co-signs this Security --�� _
<br /> ' '�•' Tnxtniment but does not execute the Note: (a) is co-signing this Security In.trument only to mortgage, grant and convey that ..'� • •� :
<br /> •�T Borrower's intcrest in the Propeny under the tenns of this Security lnstrument: (n) is not per�onuiiy uLiiibdliu iv"S j'.hc;asrs ' "`�"�� , _'
<br /> , � sccurcd by this Securiry Instrumcnr, and(c)agrees that Lcnder und nny other Borrower may iigrec ta extend, modi�y, forba�r or "{j , ,�, _,
<br /> make any uccommod�tions with rcgard to the tcrms of this 5ecuriry Instrument or thc Note wrthout thut Bonower's consent. F,�'
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<br /> 13. I.oan Charqe.v. If the loan secured by this Security Instrument is suhjeet to a law which scts maximum loan charges� d� '>jT
<br /> � and thut law is finally interpreted so that the interest or other loan charges collected ur to be collected in connection with the �' �,
<br /> loan ezceed the permitted limits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce ihe charge ���}���� �
<br /> to the permitted limir and(b) any sums alresdy collected from Bon•ower which exceeJcd permitted limits will be refunded to �.•�. '
<br /> Borrower. I.ender muy choosc to make this refund hy reducing the principal <�wed under the Nnte or hy nmking H direct `; �•
<br /> ., puymcnt to Burrowcr. If a rc(miJ roJucc� principal. thc reJuction w�ll bc lrcated ati a purtial prepaymcnt wlthout uny �. ,' '
<br /> , prepayment churgc undcr thc Note. � ,
<br /> ' 14.Notices. Any notice to Boiro�ver pruvidcd for in this Securiry Instrument shall be given by delivering it or by mailing ,�• '�f�
<br /> it by first clnss muil unless applicable law requires use of annther method. Tl�e notice shull be dircctul to the Property AJdress ;
<br /> ur any othcr address Borrowcr designates by noticc to IAndcr. Any noticc to I.endcr sl�all bc givcn by first class inail to ;� . �� ,
<br /> Lcndcr's address statcd hcrcin ar any od�cr address I.GnJcr dcsignatcs by noticc to Bonowcr. Any noticc provided for in this : � �_-- -
<br /> Sccuriry Instrument shall bc decmed to havc bcen given to Borrowcr or Lendcr whcn given as provided in this paragraph. ' ",�� . .`�1+; �
<br /> 15.('.overnin� Law; Sevcrrability. 7'his Sccurity Instrumcnt +hall bc govcrncd hy fulcr:il law anJ thc law of thc ^�:�%��
<br /> � jurisdiction in wl�ich the Propeny is located. in the event that any provision or clause of this Securiry insu•ument or the Note
<br /> contlicts with applicabte la�v. such contlict shall not affect other provitiion.of thiti Securiry Inswment or the Note which can be ��'��;
<br /> . � rovitiions of thix Securit Instrument and the Note are declared • i+5',�ic:
<br /> given effe�t without the conflictin� provision. Tu th�s end th�p Y ,,, s
<br /> to bc sevcrablc.
<br /> ' 16.Borro�ver's Copy.Dorrower shull be give»one confonnrd copy uf the No�e and of this Security Instrument. �'-
<br /> ' '" 17.Tennsfer of tE�e Property or n Benef3ciai Interest in Borrower. IF aU or any pait of thc Property or any intcresi in it �'�,�-
<br /> t•_
<br /> � ' • issold or transfcrred(or if a benefciul intcrest in Borrowcr is sold or transfcrred and B��rrowcr ix not a natural person) without 'y�. . - Tr.�`•�
<br /> � • Lcndcr's prior written comcnt. Lendcr may, at its uption, rcyuire immediate payment in full of'all tiums .«u��a ny cn�� � �, �E'
<br />_ � Sccurity Instrumcnt.Howcver, this option�hal l not bc cxcrcised by Lcndcr�f excrcisc is prnhibitcd by tcdcrul luw as of chc datc ;,,.-
<br /> of this Security Instrument. �
<br /> If Lcnder excrcises this option,Lender shall givc Borro�vcr noticc i�f acceleration.The noticc shall pn�vidc u period of not , ��
<br /> Icss tlian 30 days from thc datc thc noticc is dclivered or mailed within which dorzowcr nmst pay :dl sums sccumd by this �' ,
<br /> 3ccuriry Instrumcnt. ff Borrower fails ta pay thcse sums priar to thc expir,�tion af this period, L.cndcr m.ry invokc any rernedics ,.*
<br /> �., + permiRed by tliis 5ecuriry[nstrume�nt a•it hout further notice or demand on Borrower.
<br /> t8. Dorrotver's Ri�;ltt to �einstate. If E3orrowcr mcets cenain conditions. Bon�owcr shall havc thc richt to hxvc t , ,�
<br /> � cnforccmcnt of this Sccuriry Imtrument discontinucd �it any timc prior to thc carlicr of: (a) 5 days (or such othcr perioJ a� I I
<br /> applicahle I:i�v m:iy �pecify fc�r reimtatementl heti,n .alr ��f the Pmperty rur.uant n� any ��u���rr uf .:ilr :�,m:iin�J in thi, I .,
<br /> Sccuriry Inatrwtient:ur tb�entry ut'a judgment ent'urciny this Securiry Instrument. Thuse condAt�uns are that Borrower. (a)pay� ,
<br /> ' Lender all sums which ehen would be due under this Security Instrumcnt and the Note as if no acceler.ttion haJ occurred; (b) j
<br /> cures any default oi any other covenants or agreements; (r) pays all expenses incurred in rnfurcing this Suuriry Instrument. ,��
<br /> ir.cluding, but not limiteci to, r�sonable attorneys' fees; and (dl takes su�h action a. l.ender may rcasonably rcyu�re t��astiure '
<br /> that thc licn of this Sccuriry [nstrument. I.cndcr's rights in thc Property anJ Borruwcr's uhligation t�� pay the ,wns utiurcd hy u•�I
<br /> • this Security Imtrument shall contiuue unchanged. Upon rcinstatenunt by Durruwer. Uiiti Srcuruy Instrument anJ thc ; ,.,
<br />--_- _ „hs.,:,���n�..•rumd herehv shall rem:iin fullv �J'fective as if no acccicr.ttion had orcurred. However, thi� right tu rcinstatc+hall i `
<br /> -� - ---•o-- .. --
<br /> not apply in thc casc of ucrcicration under p�ragraph 17. ;
<br /> � e • ' 19. Sale of Nute; Cl�unge of Loun tiervicer. Thc ;Jute or a p:trtial intcrest in thc Nixc (tuE�thrr «�ith thiti S�turii}• �
<br /> Instrument)may be soW onc or more tim�.ti�vithout prior notirc ti�Bsirrowcr. A tialc may rcsult in a rliange in the entity �knu�ui . �
<br /> E• " ;�s thc"Lo:ut Scrvi�cr") that collccts nwrnhly�ayntents duc undcr thr N��tc and thi.S��urity Intitrumcnt. Thrrr al�u ma�• hr onc �
<br /> �i ur ntvrc chan�cs af thc Li�an Scrviccr un�•clatc�l tu:i�alc i�f thc Nure. lf tlicrc is a changc ut'thc Luan S�rvircr. Burco���cr�sil I bc i
<br /> °� ., given writtcn noticc of thc rhungc in accorJ,mcc with p.u�i�!raph 14 abuvc und applicablc law. 1'lic noticc u�ill �tatc thc n:�roc and _
<br /> � addnss uf thc nc�v L,oan Scrviccr ;n�d tam addrcsti to whirh paymcnts tiliuuld hr madc. Thc notirc ��•ill al�u runtain any uthcr .
<br /> int'orniation rcyuinxi by applir:iblc I:iw.
<br /> x0. Hil'L1Pdous S�btit.tm'cs. Uorcu�+cr �Itall nut uwse ur prrntit thc prr�cnee. u�c. ditipus.tl. �tor,�ge. ��r r�I�a�� uf any
<br /> Hz►canlous Suhstancc� im ur in thc Prupert}•. Bu�TUwcr .hall not do. nur alluw anyonc cl�c tu du. anythiuE allrrting thr •
<br /> . � Property th:u i� m violation u(any EnvirunmenC►1 La���. Thc prrrcding t.eu �cnlenre. +hall not apply to th� rrcti.:nrr. u.r.nr , �
<br /> . �tur.�gc i�n thc Prop�rty u(,mall ��uantitic+ut Haraniuus Suh�tanrc, that arc genrr.illy r�tiugni�rd n, hc appmpriatc t�, �x,rnial �_
<br /> rcsidcnlial usc�and to maintenanrc of thc Prupcny. ' i
<br /> ,,,���,,,.� Form 3028 9�90 �
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