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<br /> , . . . - �/VI������� . . . .�_ _ __� _ _
<br /> Q�ys�e�s snay aa�oager be r�tired.at the arption of Lender.if ttcortga�ge ia�ce ooverugc Ein t�te amaunt and for Bte p�ri€�- . --
<br /> . • �d13i Le�d,er.requjl+es)Pravid�bg an ansa�er ag�srovcd(ry i.endcr�Sa.in bt�cams��raJlabie and is o�tain:ci. B�arowes shalt psy � ' . _- --
<br /> t8s premiisms rc,�uircA ta�.vnta'sn 3nort�gc insu;anx in.eFf'ect.or to proti�sle a tass r�en�,�nsil tf�reqnizcanem for mor¢gage ' - -
<br /> � -- �-ittsror:�ce eads in ucct�rda�ae crit6 amr�vrittC�n a�te�t►��t�orttn�ec�,=td Le�-.der ar�tglira�4�!� — --- �--.�--- - ---
<br /> . `' . 9 Lhsper�toa.Leadu or its agent may ma�reasonabt�entsies upor�and itfspcxtions of the Pca�erty.Ler,cfer shall�ive. .
<br /> Borrflw�er r.otice at thc time oYdr prio�to aa itupection specifyin�reasonabte causc�for t�e irtspection. ' • � —
<br /> ' I0.Condfmna4ton. The pmcecds of any a�vard ar c[aim t'or damages.�irect or wns�u:ntial, in ounaection with any+
<br /> � �e�nuion or other taking of any part of che Prop�tty,ar for conveyanc�.in lieu of cunde�ation, are hereby a�si�acd , ___-___ - --�
<br /> shall tae psud to Leader. ' ==�"�--°°"�-
<br /> In ti�.s event of a totxl taking of the I'rnperty.the prooeeds si�aU he applied to tT�sums secured by t�is Sec�rity Ieutmment. � ��.��,=�-�-_
<br /> wh�ther or nat�1t�Que,with���excess paid to AoRnwes_tn the eeera of a partiat taldn�of the Fmgeaty in wlutq the fair ��:=�'�_�=:--
<br /> markei vatue of the Fraperty.imzncxliately before the talang is eqaa2 to or greater than the azrtnunt of the sums seaued b}+Yhis �'�;������.�
<br /> �.�,.�T=�.��.___�
<br /> Security Yn�trum,ent iramediately 6efore the taking,uatess Borrower and Lender ot6erwise agree in cvricit�g,the sums s�cur�,d by !�''-`:=-�a=�'�
<br /> this Security Instrum�nt sball be reduced by the amourtt of tlte proceeds multiplied by the fullowing fraction: (a)the mtal =_____------ "_
<br /> aiaour,t oF the s�tms serured,immediatety 6efore the tatdn;.divided bY(Gl d4e,fair mar&�et value of the Praperty ia�ediatety ��°--�--
<br /> befRre.th°taalci�g. Any ir:�l{uice shalI,4�A�d ta Bosm�ver. In �te event of a_partia!taking of t1�e Propert3'.in wluch the faia ° - _ --°°
<br /> maF�et valu�of the Frug�y immz4jately bef4rr��6e.taking is,!�than the amoynt.of t�e;Sums secvrcd.iAU��iately beforz the _M��- ---
<br /> takiug}�ess Sorrower arnd,�{der atheiwise agr�,�n wriq�or unless appiicable law oiherwiss Qrovides.tGe praeceds s�afl ---- ---
<br /> be applied to the sums secured by ttus Security Insvucdent wfleiher or noi the sums are then dae. , ---__----
<br /> If the Progerty is abandoned by Bosro�rer.or if.after nou�by L�nder to Sosrovrer t6�t the conttefnnor affers w ma'�e an -____
<br /> awa,�or settte a claim for damages.Borronrer fails to respond to Lender.�vithin}fl days aRer the.date the�tice is,given. --�v
<br /> Lender is authori7ed to collect aad apply the pmoeeAs.at its a�tion,either[o mswration or regair of the Prpperty or to the sums =�°-_
<br /> secured by tflis Secutity Insuument.whether or aot then due. ' ==-_----
<br /> 6Jn�ess.L.euder e� Borrawer,oihern�ise agree in c*mting.,aay' ap�lirasion of procFeds to priacipal strall not extend or =-- ,���._ _,-
<br /> pos�ane the due datr of thc iaonthly payments referred to in paragrap5s 1.and 2 or c6ange the ammmi of suc}i paymettts. �=��" -
<br /> 11:Barroser Not Reteas�;FnrbearaIICe�y;[,e�er Yot a Waiver.`Exteasion of t�e time far paycnent or madifiratior� ;��;,:�_-
<br /> of a[unnizafion of the stt{t�S,seaired by this Seeassity,�RStmment g�anted by Lenc�er w any successor in interest of Bamawer sttall �'�_��'`;�^�—
<br /> � not operate to release the iiability of the uriginal8o�mwer or Borrawer's successors in interest. i.ender shsll not tse required to ����
<br /> 'ca,nmence proceeding�agains6 any sttetessor in interest or Tefuse to estend time for paytneni nr�otherwise modify aatottiration �.��-__
<br /> of the sums secvred by thfs Security Instns�ent by reason of any demand rnade try the original Borrawer or Borrower s ��_��-�
<br /> successors in interest. Arry forbearance by Lender in exercising any right or remedy shall nat be a waivet of or preclude the ,�
<br /> a...
<br /> exentise of any right or mm�y.
<br /> •' 12. Suc�eswys aad Asslgas Bound;Joic�t and Severa! Liabiliiy; Co-signers. The covenants ana agreemenu of this �-
<br /> , Seauity InsRrument shall 6ind and t�nefit the successors and assig�s of Leader and Borrower, subject to the pmvisions of �.;
<br /> paiagraph 17. Borrower's covenants and agreemenu shatl be jaint and several. Any Earmner who co-signs this Security
<br /> Instrument but does nat execute the Note: (a) is co-signing this Security Instr�ment only ta rc�ostaage,graut and convey that '�.�" •
<br /> • Borrower's interest in che e under the tertns.pf tbis Securi inctmmear, � '� �'�
<br /> prop rtr ty {y)is not persanally otli�ed to pay.the sums ;�. .
<br /> secured bg this Security Insuument;and(c)a�ees that LenQer and any other Barns.wer may a�ree to extecd.modify. forbear ar `"�'._' ; .i
<br /> . .s�yi�. �
<br /> make atry accomcnodations with regard ro the terms of this 3eairity Instrument or the Note without that E�rrowei s gonsent. ._ ,��. _ -
<br /> 13.Laan�ha�es.If the loan secured by tivs Security Instrument is subject to a law which sets maximum loan charges. � • ,.
<br /> and that lasv is finally interpreted so lhat the interest or other loan cUarges collected or to be callected in connection�vith the -
<br /> loaz►exceed the pemrivai.limits.[hen:(a)any such lc�an charge shall be reduced by�he amount necessary m reduce the cirarge �- .
<br /> an
<br /> to the pemutt�limit:and,(t�)any sums already caAected from Borrower Nhich exceeded pemutted limits will be refunded to ��'`'y
<br /> ,�/.�.-
<br /> Borrower. i.et�der may choose to make t1us refund by reducing the priacipat owe�under the Note or 6y m�king a direci �' ,.,.�.
<br /> payment to Borrower. If a cefund reduces principal, the reductian.will be treated as a partial prepayment•with�ui any , '�"� ;,:_,
<br /> p:epaymznt charge under the Nate. . �'�` - `'
<br /> .Yr-:•, ' <:
<br /> I4.Noti�.My notice to Borro�vPr provided far in this Security Instmment shall6e given by delivering it or by mailino � "'fi��• 'n`;
<br /> �,:;:�
<br /> � it by first class mail unless applicabte Ja�v requires u.�of another method.The natice sha116e directed to[he Property Adaress ' " �; :��t�
<br /> or any o:her address Borrower desig�es by ncic.: to Lender. Any norice to Lender shall be given by first class mail to • '
<br /> ; �;�'��... •
<br /> Lender's address staeed herein or any othet address Lender designates by notice to Borrower. Any noticc provided for in tlris • � ..a '
<br /> Seatrity Instrument shall be deemed to I�ave been given to BoROwer or Lcnder v�hen given a��provided in this paragtaph. . . • j'r�`•"r'
<br /> I5.Governing La�w. Severab�ity. This Security Instrument shall 6e govemed 6y federal law and the !aa of the •
<br /> jurisdiciion in which the Property is lacated. In the event that any provision o�clause of this Security Instrument or the Note � ' � �
<br /> oonfliets with applieabie law,such conflict shull not affect other provisions of this Security Instrument or the Note which can be „�.,,.• .
<br /> given effect without tfie canfli�ting provision. To this end the pmvisions of this Security Instrument and the Note are dec+laced ' .;;;?�;�,: :� .
<br /> ta be severable. ' • , .. • .
<br /> 16.Borrowe�'s Copy.Borrower sha11 be given one confosc:ed copy of the Noie artd of�his Security►r�swment. � ' . . .
<br /> . 'Form 3028 9/90 • • .
<br /> � Papeacr3 , • ': .
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