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<br /> __.-��s.------�-�-� R�•��coNOEO 92-" �,�'7134
<br /> __ 92-- 104920
<br /> c�H�dem�ution ne��thcr�akiny{��f uny puN of'thc Pro�x.hy,ur 1'or cunvcyuncc in licu of candemnutfon,ore heroby acKiQned rnd
<br /> -- ___ _ �pll[1C�JIIO IU LCIKIC�.
<br /> � ---W In thc evcnl ��P a t�dul tuking oP iho 1'ro{xny. �h� pnxccJti xbull t+c applicJ to thc zum� �cured by �his Sccurily
<br /> =— � -"=�' Im�rument,whcthcr ar no�then Jue,wilh uny rxccnh puW to B��rn�wrr. In ihc evcnt uf u puAial tuking of thr Pr�ryxny in
<br /> � which Ihe 1'uir�nurket vuluc af Ihr I'raEx�ny immediotcly bciare�hc tuking ix cyuul to ur greutcr�hun thc amu►�m�t'iho rumr
<br /> :-.� �.
<br /> -- - ------ -
<br /> aecurcd by�hiw Secu�ity InK�rumrn� immediately hcfc�rc�hc tuking,unlc.�Norn�wer onJ Lcndrr��therwitie agmc in wri�ng,
<br /> '.;;* Ihe�umx xecumJ Ny 1hf� Secudty Insl�umenl xhall be reduced hy iho um�rom ui'lhr pnxe�.�l� u�uUipli�J by ih� fuUuwing �
<br /> f'ruc�icxr. lul�he ti�lul umount uf the xumK secured immediulely hef'ore the tuking,divided by(b)the fair mu�ket valuc of�hc
<br /> Propeny immcdfulaly befure thc taking. Any bulance +�holl be paid a� BoRnwcr. In thc event of u puniul taking of�he
<br /> _ Pmpeny in which �he fuir murket vuluc uY�he Pmpeny immediutely befurc the taking is Icgs thun�hc umoum uf'th� sumx �
<br />---- — � Rrcured immedinlcly betore �he takmg, unleqs borrawer und Lcnder cnhenvise ugmc in wri�iug or unie+.r uppiicuUiC iuw
<br /> ��:w;�,,,�� otherwfxe provfdes,the pmceedr shall he upplfed to the sums rnecwrd by thie Securi�y Insln�ment whe�her or nat�h�xumx ure
<br /> --—--- then due. --
<br /> ,...,,,,������ If tlx P��:Ay ix ubunduned by Borc�►wer,ur il',al'ter nulice by Len�er�o kiurruwcr Ihut the conJcmnor��ifcr.+�a mukc �
<br /> -- ---__ •��a.�-� un uward or�etde a cls►im far damages, Bortower fuil.r•�o re�pr►nd tu I.ender wiihin i�l duyx ufter the dulc the nutice Is given,
<br /> — -'=,:,:�?!t4;�,�� Lender is authorixed to calle�:�und upply the proceedx.nt ita option,eithcr�a restarutian or nep�iir of the Property�►r to the ___
<br /> "--`-'-°"•"-" sums secured by this Security InxtNment,whether or nat then due. -
<br /> ----'�� Unless l.ender und Harrower othenvi�e ogree in wriling,uny upplicutian of proceedx to pdncipal tihall nat extend or
<br /> T��_ postpona the due dale of the munthly pnymems refcrmd to in p�+rug�uphs 1 and 2 or chunge the umount of tiuch payments.
<br /> -=,;,�,��;�;;;,�;��y 1l. Borrower Not Rele�.sed; Far6eArance By l.ender Not a Waiver. Extension of thc dme for payment or --
<br /> e=..�.
<br />-- - ���'�='•"•�='� madi�cation af omartization of the,ums tiecared by this Securir;Instrument grunled by Lender to any succcwsor in intercst
<br /> . —�,�;�: "-
<br /> ----���+� of Bomnwer sholl not operute to relcuKC the liubiliry of the originul Bortower or Borrowerk xucc�ssan in in�eresi.Lender �_
<br /> --���' • ahnll not be requimd ta commence praceedinRs aRuinst uny auccessor in imerest or refuse to extend time fur puymen�or �
<br /> `�`'���`"�"""-"� � otherwfsc madify umoniza�ion of the sumti securcd by�his Security Instrument by reuson of uny dcmund mudc by thc onginul
<br /> ��.:.
<br /> =�•�`• • "• Borrower or Borrower'.s successors in intere�t. An forbenrnnce b Lender in exeKi4in un rl ht or remed rhull not be u �-�-
<br /> , ,it�.r�ic��•: "����, Y Y B Y � Y • �__
<br /> �,� walverof or preclude the exercixe of any right or rcmedy. �`
<br /> �.�,�•..,.��:�.. ,,,: 12. Successors end Assigns Bound;Jolnt and Several I.iabllity:Caslgners. The cuvenunts and agrecmer�z af'this �;;�--
<br /> • ,i•,
<br /> � ;;.��.!��'':.y•'.';�� Secu�ity Instrument�hall bind and beneflt the+ucces�orsti und ax�igns of Lender und Borrower,subjeot w Ihe provisions of _._
<br /> `� :� :.•�at��°���,; ' paragroph 17. Borrower g covenants and agreemenls shall be joint nnd severnl. Any Borrower who co-signs ihis Security �;_:;_
<br /> ° ''' Insdument but does not execute the Noce: (a1 iti co-xigning this Security Instrument only ro murtguge,grant und convey thut ••
<br /> _ ��*�•�'�'^'�- Borrower R interest in�he Property under the tenny of this Security Instrument; (b)is�ot personully obligated to pay the xums �_`_�.
<br />__ �.�'. •, _
<br /> ' f'� 'r'��y'��`�'" secured by this Security Instn�ment;and(c)ugree�1hAt Lender und any ather Borrower muy ugree lo exlend,mcxlify,forbeur �
<br /> - . �,��.n#N.� . :,, � —,_.
<br /> h��` " � or muke an uccommodationa wi1h re urd to the terms �f thix Securit Instrument or tl�e Note without thet Borrowers
<br /> r.�v3.,; Y 8 y �` _
<br />�_:��,,`_-.----------- ----� COI1360L �_.
<br /> . . . . �::��'�r.-. .,. --
<br />- „ �..,n A 13. Loan Chorges. If the loan �cured by thix Securiry Ins�rument is subject tu a law which setz muximum loun --
<br /> ' ° •' ' �° ' charges,and that law is finully interpreted so�hat the interest or other loan churges collected a�to be coUected in conneclion c-
<br /> - � . -"����y� t��� °. , with the loan exceed the permitted limits,then: (u)uny such lo�n churge shall be reduced by the umount necessury to reduce --
<br /> � -�� • �•t the churge to the pertniued limir,und(b)uny sums ulreudy collected frorn Borrower which ezceeded perrnitted Ilmils will be "._..
<br /> ` , . '�1t r��. . a': • �funded to Borrower. Lender muy chooze to muke thix refund by reducing the principal owed under the Nate or by making u
<br /> _ • , .y,��" ^ � direct payment to Borrowcr. If a refund reduce�princip:�l,the reduction will be treuted a+u paniul prcpuyment wilhout uny
<br />�.. ., _ . , ; prepuyment chorgc under the Note. --
<br /> � "'� '' 14. Notkes. Any notice to Borrower proviJeJ for in �his Securi�y Instrument shull be Fiven hy delivedng it or by =--
<br /> �q'6. •• ^�,�,��, �;E� mAiling it by fint cluss mnil unlexs upplicublc luw requires u�e of unothcr methcMi.The notice shnll be directcd ta Ihe Property R„ .-
<br /> � ,;, .
<br /> Address or any other uddress Borrower designutcx by noticc to Lcnder. Any notice to Lcndcr shull t►e given by fint clutis ---�
<br /> �•� ' * «���•�•"°• mn�l to I.encler'x addrrxti xlnted hrrein or nny other nddrexs l.ender designate:by no�ice U�Bnrrnwer. Any noticr provided for =__
<br /> �:_ •zt�+�<" . °'`�•- in this Security Instrument shuU Nc Jcemed lo hnve heen given lo BoROwer or L.ender when given ux pruvided in this �--
<br /> � • ,.�..'_�`r•.=.- :�•' psuagmph. —__
<br /> 15. Coverning I.Aw; Severubility. This Sccurity In,�rumcnt shnll lx govemcJ by fcderul luw und the luw of�he
<br /> '� �� ��:�� � jurisdiction in which the Property is lacated. In the event that.�ny provitiion or cluu.c of thix Securiry Instrumem ur thc Na�c @-�
<br /> � � " .: " contlicts with upplicahle luw,tiuch rontlict shull nut uffect iither provisions of�his Serurily Instrument or the Note which ran
<br /> � . '-"� ' ,� be given effect without the contlicting provision. To thi+end the pmvisians ol'Ihi+ Security Instrument und Ihe Note ure -.--
<br /> : • �;, declured to be xevernble. __
<br /> ' ° �. 16. Borrower's Copy. Borrower shall he given onr confurnieJ�:upy ol'Un Notr unJ M'thi.Securi�y Inxtrumen�. ___
<br /> � � � ..� 17. 'IYansfer of the Property or a Beneficial Interesl in Borrow•er. If ull or any p�irt uf thc Pro�xny or.my interest in
<br /> �.•-
<br /> it is sold or transferrcd(or if u beneficiul intcrrs�in Bormwcr i��alcl or trun.f'�rced unJ Bormwer is not a natur�l per�onl F��
<br /> ��Y� �,' � without Lender's prior wriuen conu:m. LenJrr may, at its��ptiun,reyui�inunediatr payment in full of ull�ums.ecured by
<br /> • • ��, ' thiti Security Instrument. However,thix optinn tihull not he exercised by Lenckr if'exrrcisr iti prohibited by fecierul luw as of G
<br /> _... ���•. the dute of this Security Instrunxnt, __
<br /> If Lender exercisex this option,l.cnder xhull give Borrower notice of ucccicruliun. Thr nutice shall prnv ide u pericxl ot'
<br /> � �r''� ' ° not lexx than 30 duys from the date the notice iz delivercJ or mail�d with in which Burruwer mu.t puy:�II wms tiecurcd by thiti =_=
<br /> . • ' Security 6istrument. If Burrowrr fuil.to pay thrsr sum, prior ro thc rxpiration ot'�hi, Exriod, l.cndcr may invoke uny �:
<br /> • remedies pennitleJ by Ihix Srcurity Instrumen�w•ithuut funhrr notice ur demanJ on Bortxrver. �
<br /> 18. Bnrrower's Ri�ht to Reinxtate. If B��rruw�r mcrt. rcnuin rundili��n+, Born►wcr .hall huve Ihr riFht to huvr
<br /> ' �fi " ' cnforcement of this Securi�y Instrument di.rontinurd ut:�n}• �imc prior tu the carlirr ul: (:u 5 Juy.(or�urh uther perial u. _�
<br /> - tiio�k F�nuly•-Funnle 1fuc�Fmddlc lfuc 1'\II�OH�t I�ti'fRl'�1F:\'I' -l�udunn t'u�rnrm, 9/�1B ��rrgr�J)e p��,4r.v 2
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