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<br /> . . . payme�ts way no 2oager 6e mque�ed.at the apnon af Leader,ef mo�tgage insuiancc wvewag8��the amouat and far the petiad ,.��� ,_��`�
<br /> ' ' thai Leader requires}p�vid$d by aa insurer ap�roved by Le�der�gain becomes ava7able and is obtained.Boimwea sball gay the _ • "�
<br /> � ` ' pR�.+;�mc��ed to maintain martga,ge insinranaa in effect, or w provide a 1�s resesve.uag7 tke cequuemegt far mortgage •- - > :.`,,..:'•.,.
<br /> , ..��-�";"J< ins�aance�ds in acmrdance witbi any viriuea agreeme,nt betwoea Borrower and I.e,nd�or applicable law.
<br /> , 9 Inspe�tna. Lender or its ageat may make masoaabte enuies upon and'u�ons of the PropertY•I.ender shall give � � � �
<br /> - -- Borrower uotice at the time of or prior to an nuspearan specifying re�naBte ca�ue far the inspectiun. :,
<br /> ' � 10.COIIHCIDO2�IDII. 1�e pmcceds of a�r award or claun far damages,direct ar conSeqnential,in connection witL�y � -:
<br /> . - oondr�natFon or otdea�g of any part of tbe Propaty.or for conveyanoe ia lieu of wndemnaiian,aze herebY assigned aad �
<br /> . . s6alI 6e paid w Le�der. . '... . .
<br /> � . . Fa the ev�a►t of a total taking of ihe Pmpeaty.the piaceeds s6all be�plied m dte sums sec�nrcd by this Seauity Inst�um�t, �� : `-c
<br /> � , whether qr not then dus,wi@�any exoess paid w Barmwer.in the event of a pa,-tial takmg of the Pcapeny in which the fair market , ,. '
<br /> � . , watue of the Progeaty unmediately befare the takimg is eqnal to or gre�+r tt�n the amount of the sums secaced by this Sepuiry �. .t. .;_.:.`.�
<br /> , � Inst�ment immediatety bef�e the taking,untess Bmmwer aad I,emdea othe�wiss agRee m writing,the sums secare8 by t1�is 4� , :: •`;.•.
<br /> ' ' `` � Se�airy Instcumeat sfiall be reduccd by the amount of the praceeds muitiplied by the foltoaring haclioa(a)the wtal amoant of .: _-_
<br />- - , .� : the sums secared immediateZY before the mt�g,dnrided bY N)the fair market valae of the Propaty�amediatetY befare the =
<br /> . . _ . ,`� taking.Any 6ataace shall be paid m Barmwer.In the evr,at of a partial taldng of the Property m whicb tiice fair market value of the . ::
<br /> . propeny �mediasety before the taking is t�ss tl�an the amnunt of the s�s saaued immedianely before the taldng, imiess ,� z ...:,�Y
<br />- � � , Bormwer and Leuder otl�wise agree iw writmg os antess applicabte Iaw od�esarise pmvides.the praceeds sball be appHed w the ==_
<br /> � � , sums ser.ured.by tttis Security Insaament whether or not ihe sums ffie theA due. •` ::,��' -
<br />-_ ' . :�:i _ If the Propeity is abaadoaed by Bmmwer,or i�aftc,r notice by I,endea tn Barrawer that the condemnor offeas to make an _ ,', �.'�_�-
<br /> ��
<br /> - ,. , �� `-. award or settte a cla�n for damages,Baaowed fails w respond to l�dea within 30 days aftea the date We notice is given,Latdc,r . _ �.n=-
<br /> art
<br /> . , . - is anthorized w coIlect aad apply We pnoce�ds,at iES option,eitha w rest�arinn or repair of the Prnpeaty or w the sums s� -;.:�;_�`'�-.
<br /> by this Secariry InsGUmeut,wbethear or nnt then dne. � ' -
<br /> � � � Unless€.eader and Bomnwer othervirise agee ia writiaig,anY aPPlicatioa of praceeds to principal sl�all aat exte�td ar postpane ` ��
<br />-- , - �:;,,:...: .
<br /> . . the due date of the monthiy payments zefeaied m ia para�aphs 1 and 2 or change the amountof snch paymeats. .-„r,--m-.
<br /> � � � 11.Boirower Not Reteased;Far6earance By Lender Not a Waiver. Extensioa of the time for payment or modificaaon ,;��_—
<br /> r` of ama:d�ation of the soms secaied by this Ser�ttity Insuume,nt graated by Lendeat to aay succe.ssoz in mterest of Bmmwea shall . ----
<br /> � .
<br /> ;,.: , , not opeiate tu re2ea�e the]iab�ity of the original Bormwea or Bormwer's successois iu inte�est.Leada s6all aot 6e requiied to � . -
<br /> „. op ffie �
<br /> . .� . commence pmceedings against anY saccessar m�t or refiue to extend 6me for paymeaat ar otherwise mpdify amoruzarion of , ;...�__
<br />- _ . (he sums secured by this Sec�uity Instrmnent by reason of any demand made bY the origi�al Bonower ar Bormwer's saccessars , :: � ;aa,:._a
<br />=e ' � in inuaes[.Any fmbea�ancc by Lend�in exercising a�►Y right or mmedy shall not be a waivea of oT precWde the e�cercise of any . �{:'�-�
<br /> . __�,-.
<br /> .� • • . right or reasedy. : ��;�.
<br /> � • � 1Z.Successorsand Assigns BouBd;Joiurt and Sevesal Lia6ft[tty;Casigeers. 'ltte covea�ants and agceements of this � � ';;;:',�.,-
<br /> - � Securiry Inspument shaD bind and beaefit the saccessais and assigds of Lea�der�d Barrowca, subject tfl the gmvisions of ��"`--,��,- �`
<br />_ . ' . paragcaph 17. Baaower's covenants and agreanents sLall be joint and seveaal. My Bormwer who co-signs this Secmrity . � � ;�`�
<br /> :.,, '�-•-�-
<br /> . ., Ias�umest but d qes not ea�te the Noie: (a)is co-si�ngnmg this Security Inswment oaiy to mortgage,pani and convey that • „�.--
<br /> � Hoimwer's interest in the Properry under the teams of t2iis 5ecuriry Inso�umeng(b)is not personaliy obligat�ed w gay the s�uns . '.r�:�
<br /> • sec�ued toy this Serurity Instcumen�and(c)agrees that I.ender and any other Bmmwer may agree to exteud,modify.forbear ar � ' --
<br />-. , ' make any accommadations with regard to the tams of this Sec�uiry Instrwnea�t or the Note withont that Bolrower's consent `. ;.'Y�--�.`�'
<br /> . . . 13.Lo,an Charges. If the!o�se�a�red by this Secu�ity Insaument is subject to a law which sets maximum loan charges, .'' --
<br /> ";.- . - —
<br /> � . and thai law is finally interpreted so that t�e iaterest or other toan ci�arges coIIected or to be coltected in conneulon with the lean Y :,- '�
<br /> , . ��� exceed thcs peamitted mnits.then:(a)any such toan charge shall be reduced by the amount necessary w reduce the charSe to the _____-
<br />- . . . permitted tmu�and(b)anY sums already coltected from Bonower which exceeded permiued limits will be refunded w Bormwed. - . ':'-.�:,=
<br /> ` Lander may choose to make this refund by reducing the prn�cipal owed nndea ihe Note or by maldng a direct payment to -
<br /> f, . Boaower. If a refund reduces principal,the reduaion w71 be veated as a panial Prepayme.nt without anY prepayment charge � �
<br /> � tmder the Note. • •:
<br /> 14.NoEtces. My notice to Borrow�provided for in this Seanrity Instiumeart shall be given by deliveru�g it or by mailing it ,
<br /> '' � by fust ctass mail uniess applicable iaw requires use of another method.'Itie notice shall be d"uecteA to the Rnpeny Address or • . � • .
<br /> ` . any other address Borrower designates by nodce to Lender.Any notIce to Lender shaU be given by first class mail w Lender's :
<br /> � address statrd he�rdn or any other address Lender designates by notice w Botrower.Any notice provided for In ihis Se�urity .
<br /> Instrument shaU be decmed to have bcen given to Boaower or Lender when given as provided in this paragraph. • � , '
<br /> � � ' 15.Gove��g Law;Severabllity. This Security Insvument shall be governed by fcdera] 1aw and the law of the . •
<br /> . jurisdicdon ln whicb the Praperty is lacated. In the event fhaz any prwision or clause of th'ss Security InsWment or the Note .
<br /> �.: . conflicts with applicable taw.such conflict shaU not affect other yrovisions of this Secwiry Instrwnent or the Note which can be . .
<br /> � � � given effect without the conflicting provision.To this end the provisions of this Security Insoru�ment and the Note are declared to . _, .
<br /> . be severabte. . .
<br /> ` ; � Form 30�8 9�90 � . - � .
<br />: • .1 ��eH(N�tez�z�.o+ vagoao+e imaais: . .
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