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<br /> � ;�ubstnQ�dully cquival�n4 mongnge insurnnce cavernge is not avnilmble, Borrower shall pay to I,��e,�r�h m�� t iil to�
<br /> ,., .., 1� �ir'�� _
<br /> �tinc-hvelf�h af die ycarly cnortgn�c insurancc pecmiun2 6cing pais�by Borra�ver whcn the insurance covern�e lups�d or ccased to ��,�,
<br /> � � h:iu�ffc.t. Iti��dcr�vill r•_ccep:,u::=ais!re!ai:i the�s pa�men�s a5 n loss reserve in leeu of mongane insurance. I.ass reserve �.,,s..,
<br /> pc�yntent�;u�:iy nu lui.�;cr fee rc��uh•r.ci,nc d�e opd�m o9'Lc��dee. il'mori�ar,'e iiisurance caverage(in the ama,ent mid tnr eiie p�riitct
<br /> .. .1 k.. t.....1..«..oni� hnn•moc MF,•.•+....
<br /> ", " .i� •.:y;•{� ^ 1�1:I! �.4:I1l�CF' rcy�ures)pruvi�icu uy atu iu�uo�:� u�N�U.:.....� ............ ..o....l ___L...__nve�il:�hlr nnd is ohlainccl. qon'���m.r sit:�ll pay' ,-_-
<br /> '�?��:�,•'• �lie prcniiumv requircd to nrtintaB�mortgnge insvai��ce in ef fcct,ur to providc i►loss reservc,until the reqniremeut far mortIIagc ��
<br /> -- ins�ruauc r.�xis in nccnrd�nce witii nny wrilten agrcement bctween Burm�ver and I.e►eaer or applicuble Irnv.
<br /> _--;�-�,.%'�� 9, lixypeetlun. L,��nder oc its a�ent mny nmke reas�mnble entries upon and inspections of the Property. l.ender shall give __ _
<br /> _�-_'"`• Ilurruwcr niiticc nt tho dme af or prior to un inspection specifying re.�sonable cause for the inspectiun. �:=-
<br /> �.-.��. l0. ConclemnMtton.'Plte pruccecis of uny �wurd �►r clu�m tar dmnages, dircct or cansequcntiul, in wnnectimi witi� nny
<br /> , ,—� condcm�z;n�nn n�nthcr tnking of nny pnrt of thc Property, or fbr convcyancc In licu of wndcmnation, ur�: Izcrcby nss��ncd and �,,.,_.
<br /> _. �--
<br /> T�-��-'��- shnll ix p�oiJ iu I.cndcr,
<br /> In ehe evcnt of n mtul tc�king of the Pra�vtrty,thc procc,cds shall bc upplied to thc sums sccurcd by thls Sccurity Instrumcnt,
<br /> -='`�'_--!�!+�� whclhcr i�r not then duc. �vith nny excess Puid to Bnnawer. (n the evcnt nf a pnrtial taking of thc Froperty in whicl�the fuir =._.._
<br /> nm�'kcl vnluc��i'the Pruperly intntediatcly before the tukfng is equal to ar greuter than the amount of the sums secured by this �':`
<br />"'`;"•=�•��` Sccurity htisuunicnt immedlutcly bcforc thc tnking, unless 13orrowcr und Lendcr othcnvisc agrce in �vriting.thc sums secured by -.
<br /> �—.
<br /> � ` ' ' " tlils Sccuri�y I��stn�mcnt shull be reduccd by the umomit of the proceeds multiplicd by the fullowing fraction: (u) the tok�l �~6 t
<br />�i•'i�'1..:. ;.'�.-. .7'
<br /> - •��::• ' uuiuunt of Ihc �:�unti sccurcd immcdiutely bcfore thc tuking, dividcd by (b) the fnir murket value of the Propcny immediutely �:".�:_
<br />'�-���'�.�" +:• hcl'urc thc uiking. Any baluncc shi►II bc p ui d t o B n n o w c r. I n t h c e v e n t o f a p a n i a l t a k i n g uf the Pro pert y in which the fuir �'';,;;_'_
<br /> .��:.. ,.
<br />'»,f�;�;�,:•,,�•�., � �narkct vnlac of d�c Propcny imm�^ciiutely befoi�c the tuking is Ic:ss than thc umount �f the sums secured i►nmediately bcfore the �.,__
<br /> ;i�,�'' �}�.'ti!'= �` t;ikin�j, untcss Horrowcr anJ Lender otherwise ngrce in writing or unlcss upplicablc law othcrwite provides, the procecds shall -
<br />�K ,, ," j.° � he i�pplicd to thc sums sccurcd by this Sccurily Instrumcnt whetlxer or not tt�e sums are then duc. �;�
<br /> �{� ;�°��*� � If thc Propctty is ub�mdoncd by Burrower,+�r if, uftcr noticc by Lender tu Borro�ver that thc condemnor offers ta make an ,:�:.:
<br /> -���•�•�k�� cnvurd ur �cule u cl�im for diim�ges, 8orrower fails to respand to Lender within 30 days after the datc the notice is given, �;`��:
<br /> ° �`"•�i I.cndcr is uwl�urir�d to collcct und upply the peacceds, at its optian,either to restoration or repair of the Propcny or to the sums o=
<br /> - ;,:�'�;,,, �..."
<br /> '�•'}..�, . ;R securcd by thk Scru►•ity Enstrument,whcther or not then due. .s-�F.�
<br /> 3i`,.� Unless Lw:ndLr und Borro�ver othenvise ctgree in writins, eny applicati�n uf proceeds to pnncipaf shali not cxteuJ u►• :�„,.::-
<br /> - ��:'�` "' �" pn�;��umr.�he duc datc iif the ntonthlv p.�yments refcrred to in paragraphs 1 und 2 or change the amount of such payments. �:n
<br /> _ _____� II.i3orru�5�cr Not Released; forbeurnnce Uy Lender Not n Walver. Extcnsion uf the ti�ue fur payntciit ur ntcdiGautiuu
<br />: `.�,.:.:.��.` - uf��uturti�uUon uf the surns secured hp this:�ecurity imtruuie�ti b�an[cS Gy i.�:u.��r to ar:;s�cccs:�or in intcrest of Borra«�er sha!! ��.
<br /> t; mu olxr�itc�u relc:�sc the liability nf thc originul Borrower or BoiTOwer's succc:,sors in interest. Lcnder shall noi be required to
<br /> � . .t �_� comnunce �m�eeedings ugainst nny successor in interest or refuse to extend time for payment or othenvise+nodify amortization �
<br /> '' uf Ihc y�ims ticcurc�l hy thls Sccurity Instrument by reasan of any demand made by thc ori�inal Borrower or Bonower's � ,
<br /> _, *• su�:ccsstirs in interest. Aoy f��rhearance by L.ender in exercising any right or remedy shall not be a wuiver of or preclude the �,�
<br /> �.
<br /> , ���` ' cxcrcihr��t'nny right ur rcmcdy.
<br /> � It. tiu�:ca�w►ry nnd Assigny Hound� Jo9nt and Severnl I,labflity; Co-signeis. Thc covcnants and agreements of this �=�
<br /> ' ', '`� °. Sccuriry InStrununt �hall bind nnd hencfit thc succc5sors and assigm of L.cndcr und Borrowcr, subjcct to the prrnisions of --
<br /> " �`' � parcigraph 17. Borriuver's c�►venants and agreement� shall be joint and sevenl. Any Borrower who ca-signs this Security
<br /> - � -��� -f! �.. �.....- � o N�rP• ��1 ig rn-cf�+nin�� [his Security Instrument only to mortgt:$C. �;rant and convcy that _
<br /> o-� {n�ii�iiiicP�i �d�� u�ti, i�:it CXL'::slC t:. . .3, m`
<br /> �-s � linrruwer's intcre+t in the Property under the terms of this Sccuriry Instrument:(b) is not personally obligated to pay the sums �,
<br /> � „ � � secured by�hib Sccurity Instrument:and(c)u�rees that[.�nder und any other Borrower may agree ro extend,madify, forbeur or __
<br /> , � • n�uke uny accumnuxl��tions with regurd to the terms of this Security Ynstrument ur thc Note without ihnt Borrower's consent. �
<br /> li.le�un Cl�arges.If the lo.m secured by this Security Insvument is subject to a law which sets maximum loan charges, ,_.__..
<br /> . � "�' nnd that law i� fin:dly in�emreteJ +o that the interest or other loan charges collected or to be coUected in connection with the
<br /> • �> K luaa exreeJ thr permitted linuts, then: (al any sucli luan chargc shall be reduccd by[hc amount nccessary to reduce the charge ��-"
<br /> _ .,y� ,.� tu Ihe permiued limit; a�xl Ib)uny sums already collecteci fro►n Borrower which exceeded permitted limits will be refundeci to 1i •
<br /> �� �•
<br /> Ilurru�ver. lxnder may choo�e tu muke this rcfund by reducing the principal owed under the Note or by tnaking a direct A -
<br /> ` '.r ' "��� p;�yntcnl to Flurrower. If a rcFund reduces prinrip�d, the reduction will be tre�teci as a purtial prepayment without any
<br /> '-.".•.. . ,.•u"°�' . prcp:�y�ncnt chargc undc�thc Notc.
<br /> �4,�i��tl��w, n�iy ��ntice to Borrower pro v i d e c i t i�r i n t h i� S e c u r i ry I n s t r u m e n t s ha U be given b y de liverin� i t o r b y m a i l i n g ti
<br /> " . ".,' i� hy liryt cliatis muil unlcss applicublc law requires usc uf unother method. 'Thc noti�e shall be dircrtcd to thc Properiy Address r•� ;
<br /> •���r��°•�• •••'�� ur nny ��t6icr addrcss Qorn►wer dcsignates hy noti�c to L.�ndcr. Any notice to Lcnder shall be givcn by first class ►nail to
<br /> `,„ ..,., .. ,
<br /> Lcndcr'� .iddre.+ �tatcd hcrein or uny otl�cr address L.cnder Jesignatcs by noticc to Borrower. Any noticc provided for in this
<br /> �` � � ' tircurily 1 n+��ument tihal l he dccmed to Iwvc bcen given to Borrou•cr or Lendcr when given as pravided in this puragraph.
<br /> , '-"°�- 15,�;ovcrnln{; I,uw; Severubil(ty. This Sccurity Instrumcnt shall be govcrneJ by fcdcral law und thc law af thc
<br /> : pirf4dirUuu in �vhicli�he Property i� loruted. In tho rvent that any pmvision or clause of this Security Instrumcnt or thc Note
<br /> • run111r1+�vl0i iqipli�ablc luw, such conflict shall not affcct othcr provisionx of this 5�wurity instrumcnt or thc Nute which can bc �
<br /> �tfven cffcci�viih�►ut th�ronf�icting pravi�iun. 'fo this cnJ thc provisiuns of this Securiry [nstrumcnt and the Notc ure declared �• �
<br /> � ,,,,,,���''' lu i�c,cvcnihlc.
<br /> T'� I6, Olnrror►c�'s CaNy. Burruwcr tihull hc givrn unc runFunnc�cupy of thc Nutc and of this Sccurity [nstrumcnt.
<br /> '� I?. '!'r�!��tiPer of thc 1'ro�xrtv or n Beneficiul Inter�wt i�� Borrower. If a�l ur any part of thc Property or any intcrest in it _
<br /> �, iti,ul�l ur Irun•.Irrird Iur if u heneticiul intcrc�t in Burru�ver is �,old or tran.(crred anJ Born�wcr is not a naturid person)without
<br /> . I cndci•'• prinr wriucn an�,cnl. Leml�r may. at it� uptiun. reyuire immcdiate payment in full uf all sums securul by this
<br /> ' • ' ti.•c��rliy In,inunent. Il�nti•cvrr.t�ii�uptiun.hafl nut hc cxerci.ed hy l.endcr il'cxercise is prahibited by federal law xs of the date
<br /> �d tl�i,tircurity In.huiurm.
<br /> • ° •�� . It I.�ud�r cx�l�iu�Ihiti��pliun, lAnder sh.dl Ei��r 43urruwer ni�tice uf urccleration.Thr notice.hall pruvide a p�riud of not
<br /> � Ir.o Iliun lU ilny, Irinn Ihc dalc Ihc natirc i, dclivcrcJ ur mailcd within �vhich Borrowcr must pay all swns xecun:d by this
<br /> � ��,�. �r.iuily Imlrunient. II' linrruwrr faih tu pay thc�c �ums priitt tu thc cxpirulion��f this period. Lcixlcr may im�okc uny rcmcciics ;
<br /> + . p�inuUc�!hy Ihl�ti���unty liititrum�nt withuut furthcr noticc or dcmund un Borrowcr.
<br /> �� IN. Ilor�'�����cr's RI{�hl lo Hclnstnlc. It� liurruwcr mcets cenain conditions. Horro�vcr +hall ha��c thc right t�� huvc
<br /> . rnl�n�ene�ul ul ihiti ticcurily Imuuutcnt diuuntinucd :U cuiy timc pric�r tu thc rarlicr nf: (a) 5 Jays (�ir such othcr periud as
<br /> � upp11►,�blc In�v uc+y �pccily lirc rcim��itcmcnt) hefurc +cdc i�t' thc Propcny pursu.mt w any powcr ui' salc containcd in this
<br /> p. �rcm�ly In,l�umst►t:ur Ihl riury uf�� juil�,mcnt enforcing this Sccuriry instrumcnt. Thu,r�unditians arc that Borrowcr: (u)Pays I
<br /> I t�ndrr ull ti��ut� �vhirh d�ru uiiuld hc duc w►dcr thi�Sccuriry In.rtrutncnt und the Notc as if no ac�cicration had�icrurrcJ: (b)
<br /> �uir, ,m� Jrl.ndt �d nny ulhcr c�n•enanl, ut n�.reements: (r) p.�ys all cxpenses incurred in enforcing thi. Seruriry lnstrument.
<br /> - � lin:ludin��,I�ut n�u lio�itcd le�, iratiun:�blr s�uurncys' tccs: aitJ (Jl takes �urh uctiun as l.�:nder may rcasonably rcyuire to assurc
<br /> � ---- ih,i� ihe iicn�N 11��, 5rcuril�• In,trumcnt. f.cndcr'� ri�htti in thc Prc,perty.uid Borrc�wcr's��bligation w pay thc swn�sccurcd hy
<br /> ... , du, ticr�uilq In,Uwn�nl tihall �•untinur umlwn�cd. Upuu rcinstatrmcnt hy E3arra�vcr, this Security Instrumrnt :md thr
<br /> .. ___-- ---- �-------�--- . . _ .. .... . .- . .�._...:."'�._.!...........,...1 U...........r dii� r�aht t�i rt�inct:llC��18��
<br /> _.__,___—.___ .
<br /> �� - d�1���hlll�ollti hC�IIPi'tl Ill'll'I1)• �IIIII� fl'I11:ItI1 Illtt}' l'IIL'l'tivC iI� �t uv a«c�c�aunru usau....��...... ......�..... ...... ..r.. . _ `-...
<br /> � �w1 a�yd� m il�c�.,i,r ut a�'rrlri.niuu widcr paru�;rapli 17. �
<br /> .. • 19. 5tde ui' N�tl�; 1'h�►n{;e ut' Luu�► 4c�wlcer. '1'I�c N�uc or �i partial int�r�st in thc Nc�tc ltugethrr�vith this Sccurity I
<br /> � li��,hwuruu in.iy hr,uid unr�rc mw� linm,��•ithaut pric,r nutirr tu Nnrru�vcr. A sulc may result in a rh:uigc in thc rntiry (kn��wn � .
<br /> - ,r,Ili�� 'I ��,�u �rr�i�cr"i ih;U inll�•�'I+ ��IUnlhlq pay'm�tlls du�tutJcr thc Nul�and this 5rcurity Instru�iici�t. rlicr� alsii inay h���iu � .
<br /> ��� nwu� •h,in}'c+��� Ih�• Luai1 1i'1�icCr unt�tlatetl lu o�alr uf 1h�: Nutc.If thcrc i�a rhnngc of thr Luan Scrvircr. Burrc�wcr will hc �
<br /> ��1�rn��i�U�•n n��!!�•�ut Ih�.h;m��r in arcindanrc«•ith p,u:irriph 14 alnwc und ap�licahlc la«•.'I'hc n��ticc �vill titatc thc namc and :
<br /> � .uhlir•�� ,�t i1�F� nca I.��.m tir��irrr�ind Ihc :id�hr„ tu�+•liich ��ayincnt. yh��ul� bc mailc. Thr noticc will al+��cuntain .�ny uthcr �
<br /> ' °, ' inlunu,i�u�u�ryuti�•�I I�v�ip�,l�rd�le h���. �
<br /> LII. Uii�iu'ifnus 1uh�ltuucy. Hurruti+�rr ,ludl nu� rau+c ur prrmil thr preunrc. usr. dispoxil. �tcir,ige. ��r rcica�c ut' any :
<br /> I��ei,�nl��u� tiuh�,�,mr�•, un ur in �hc I'nq�r�ty. H�rrr�,�vcr +hull n�►t du. nur alluw �uiyuni• cltic io d��. anvthing affcrtmg Ihc �
<br /> � Ih�q�;•n� ih,N n u� �inl,uwn nt cm� I•.uviinnmcitlul L�i«�. 'I'hc prcrcding t��o xntcnrr.yhall nut apply to thc prc�cncc. wc. ar �
<br /> � F ,�,���m���n Uie P�u���1�•nl �m;�ll quiwliltr+��1 11;varduuti tiuhtitan�:rs Uiat arc E�ncrally rrcugnitcJ tu bc uppri�priutc t�� normal i
<br /> _ ., i�••,ulrnU.d ir.r�,,m��In iu.dlUen,mre��1 Ihr Ihupeily. �
<br /> i
<br />- • ,,,��,�,,,,� Form 3028 9/90
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<br /> x, _ . . . . _ I�._.
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