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<br /> {w}n�entc nwy n.�Icx�gcr br rr�►ui�cxl. ut tb<<�ti.�n of l.crnlrr, if nx+rt�a�e incursmc ca�•rr�y;e ti���he yn�.w�K wwl �:K ttk�►:ri.ki
<br /> Qut l,endcr rcquiresl�rovickd bv w�iiuur�r++��ru�w!b� [.�iukr ag.�o b:iaaks ;►�utzNtc urx:is obtsinni. E3��m�wrr `hall �vy
<br /> the prcmiunu rcyuirct!tu maintxin nxxtgaFr insuuuxr in rff�tit,o�s��pmvidc a 1►�..c reser�•�,wuil ttic rcyuircnxat fur nrutlaY.
<br /> i�wir�c crKl�in a�runl:ukc w•ith vry w•rittcn agrcc�ik�u betw een i3��cn,wer�uxf lw�xicr or a{+�licat+le ILw.
<br /> 9. Itawsrtio�. Lcr.der��r its s��nt n�.vy nule rcau,n�bl.entries uEx.n�nd i�.�{x�:�ii�ns of the Prupeuy. l.cirier ahrl{�i�e
<br /> Borrow•cr ixuicc at ttk timc of cu priur ta v►iiti.pe�ti�u�sFxxifyin��.:tuu►ablc c:wk tbr thc iiLpcctiun.
<br /> la. C�G+n. 'f`hc pn.��s af any uw�n:ur d�i►i�f� �l�u�i+ge�, Jir.�.t ur�cuueyuenii�l, in rumiecti�n Kith any
<br /> auxkou�atiui�or ather G�liny of a��y put uf�t� Pru4xny.��r for con�•cyancc in lieu uP��,ndenuutiuu. are hereby �ssi�aaJ:nd
<br /> sh�tl be Fui,i w i.e�r.
<br /> In thc e�•eat of a tatal taking of thc Pn�peRy.the p;c�reais stull bc applied to the sum�securcd b�• this S�tiurity In.�tnmient.
<br /> whether ar not then due, witi� any exccss paid t�I3arrower. In the eti•ent of a partial trl:i�� ui'tt►e Propzrt) in which th: fair
<br /> market valuo of the Propeny immodiately tx^.fore the t:�l:ing is equal ta i�c grestzr than the anxwnt of'Ihc sunu resured by this
<br /> Security Irutrument inunediately beforc the taking.unless Borrowcr and Lcixier otherwisc agrce in writing,the sums securad by
<br /> this Securiry Insttun�ent shall be re.iuced by the atnount of tl�c uroceeds nwltipliai by the following fraciion: (a) the total
<br /> amouiu of the sutns securcd inunecliatcly before the caj;ing. dividod by (b) the f�ir matket value of the Praperty immediately
<br /> bzfore the wking. Any balance sl�U be paid to Barrower. in the event of a partial tRl:icsg of the I'ropeny in which ttx: fair
<br /> marfcet value af the Property imnwdiately beforc the taking is less than the amount of the sums secured imtnediately before the
<br /> tsi:ing, unlcss Borrow•er�nd Lender otherwise agree in writing or unless applicable law athcrwise provides, the proceeds si�ll
<br /> be applied to the sums s�^c.ured by this Security lrutrument whether or ncu the sums arc then due.
<br /> If the Property is ahandoned by Borrower,ur if,afte�notice by Lender to Borrower that the condenu►or offers c�m�ke an
<br /> award or scttlz a claim for damsses. Borro�ver f:uls to respond to Lender wilhin 3q da�ys after the d�te the notice is given.
<br /> Lender is authorized to collact and apply the pro�eods,ut its option,either to restoratian or repair of the Propeny or ro the sums�
<br /> secured by this Security Instrument,Evhether or not then due_
<br /> Lt�� (,�nder and Borrower otherwise agree in writing, at►y application of procaeds to principal s�ll not exuad or
<br /> postpone the due date of the monthly p�yme�us referrc�to in par,tgtaphs 1 and 2 ar change the amount of such paymuus.
<br /> !l.Bvirower Not Released;Forbes�rsmc�e By fi�ader Not a W�1ver•Extcusion o�'the time for payment or modificatiau
<br /> 4�atrarter:�ci�of the surns secured by tlus Security Inctrument granted by I.ender to any successor in intetest of Borrawer s}�all
<br /> not operate w release the li�ility of dic original Borrower or Borrow•er's successon in interest. Lender s.hall not be required to
<br /> commence proceedings against any successor in iraerest or refuse to extend time for payment or otherwise�t�odify amortizztion
<br /> of the sums secured by this Serurity facrrument by rea.mn of �ny demaz�d m�de by the origiazl Borrower or Borrower's
<br /> suarssors in interest. Any forbearaitioe by Lender in exercising any right or remedy sh�11 r►ot be a waiv�r of os preclude the
<br /> . exercise of any right or rcmedy.
<br /> I2. Su�essors stnd Ascip,ns Boutxi:Joint aad Several LiabiUty4 C��ners. 17ie eoc�ants and agreeatteius of tttis
<br /> ' Sa;urity Iast„•usnent shall biad and bene`ut the successom and assign;of Ixnder �nd Borrower. subject to the provisions�£
<br /> ` paragraph 17. Borrower's covenants �ri agreemems sha11 be joint and several. My Borrow•er who co-signs this Sa�urity
<br /> IRttnunent but does not execute the Note: ta) is co-signing this Security Iiutruittieai only to mortgage. grant and oonvey that
<br /> Borrowtr's�ntu�est in the Property under d�e tem�s of this Security Instrua�nt; (Et3 is not personally obligaud to pay the sumc
<br /> - --�,.��, .w:., c„�.;in,r...►,n;�..,.��; wnh��l aarwc(hfN i mlx atrl AnV ot}I!I BOti�01kC7�Y aQrOC LO CXtC�. modifY,forbe�ur Qi
<br /> malce any accommodations with regard to the temu of this Se�;urity I�utrutne,-►i or itfe Note without that Bo�sou�u's wnsent.
<br /> 13.I.oaa Charges:tf the loan secured by this Security Incwctx�t is subject to a law which sets mazimum loan e1s�r8es.
<br /> and that law is finally inttrpreted so that the interest or other lo�n chuges oo11eY.,ted or to be collected in conoection with the
<br /> • loan eacc�eed the permitted limiu.ttKn:(a)any such loan charge shall be reduoeci 6y the amount necessary to redua the charge
<br /> ' eo tLe pertnitted limit;�nd(b) any suc*�aiready collected from Borrnwer which eaoeoded pennitted limits will be refunded to
<br /> B.�rrowa. Lender may ehoose to m�lce tuis refund by reducing t6e principal owed under the Note or by malciag a disc.�
<br /> paYment to Borrower. If a refund reduces principal, the reduction will be treated as a partial Prtpaymrat without �uy
<br /> P�Ya�ent charge under the Note.
<br /> 14.l�otioes.Any notice to Borrawer provided for in this Security Instwnetu shall be given by delivering it ot by maiW:g
<br /> � it by f rst ctaSS maii unless app:icatle law requires use of another�od.The notice shall be directed to the Propaty Ad�ess
<br /> cr any other addirss Borrowar drsign.its by *�tite to Lsnder. Any not�ce co I.endpr �ha!1 t+r �ivsn hy fi�r clacc rosi� to
<br /> t.endei s addre.cc stated jierein or any other address Lencler designates by cwtice to Borrower. Any notice proti�i.-3ed for in t9�is
<br /> Security Icuwment shaU be deen�ed to have been gicen to B�rrower ar Le.t�der when given ac pmvided i�this paragraph.
<br /> � 15.Govesniog Ia�s; Sevcrsbuity. This Security In�ment shall be govcrned by feder�l law and the lzw of the
<br /> jurisdiction io which the Proporty is�o�cated. In the evsnt that any provision or clause of this Security Listrumeau or the Note
<br /> oontticts with applic�abk law.such coaEl'r,,~t s}�11 not affect oitxt ptavisions of this Security Itutrument or the Note which c�a 6e
<br /> ' givw effoct wittant tbe oonflicting provision. To this end the ptvr'tsio�u uf this Socurity Instrument aad the Note are declared
<br /> , to be severable.
<br /> 16.Borrowa's Copy.Borrower shall be given oae oonformad oopy of the Note aad of this Secvriry I�utnuneut.
<br /> � Form 3028 9t90
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