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<br /> 49 �`�.
<br /> -_ - 7. R�otec4lon o9 Lei���'�f3tg#�m�6�ro��at�i• ff eoRaarer �ens w aerrorm a+e covenants ena egresm�ms ' -- -- --
<br /> conmmed h thts S�ur�S►tnstrum�t�or there is a Fagal Proc�9�n8��Y��t►Y��lenders�hls h the PropertY(sueb as .
<br /> 1 a proceed�g In bankruDtoY.P��SO.tm candamrtaUan or tatfe�re or to m�foree(awa or regutaUans},thsn LenQer may do and Oay Por . .
<br />._ wDaiever b naeessa�►to Otote�thsr vn�o at the PaoAarh aad L�d2ta rigAts in the PropmRy. LenQefs eetlona may tnc9,ds P�yinB ;
<br /> anY snma secured by e Ben whiCt� hOS P��11 over tl►is 3seur�yr Instrumflnt,aAD�9 In eauA.C8Y�9 rdasansOtB attomey's teas and , . .
<br /> snter�g an the Prope�hr to m�Sc9 R+� ARhaayb Len�r may mke eetion und�r tAts paregreph 7,LenQer doos not have to do so.
<br /> l4ny emounm d'�.�bursed bY������ p�� 7 sheD becoma ndd�tonal dcLt of Barrower secured DY tt�ls See:u^'hr (
<br /> InsLrumenL Uniess Borrowar end LenQ$► aSrBYi to otRer terms of payrt�n� thes9 emounfs sha0 bear int�est trom the date ot �
<br /> QLsbursement et tA9 Not3 mto tlnd sAtW be OgY��.wah t�i�es�uAon notke irom Lsn6sr to Bortower re4�e�9 PBY��-
<br /> �.FdlO!lg89� (fit3UP811C�l. tf LenQar r�¢�Wtad maR9$8a hswsnee as a coedRton of maktng tho taen seaued Oy this �
<br /> ggc�rrityy tnsbum�►� Berrowar shaa pay the premtums �equtred to malnta� the mortgaga Ins�+ranae tn eftect �f, tor any ceason, the
<br /> mortgage tnsurence cavara89 re4��'3d by Lendsr IaPses ot ceases to ba�effset. Borrower shaU OaY�8 Premtums reQuUed ta obtefn �
<br />- - coverage substsnUaQy equtrai�t ta the mortgage insurence O�evieusty h etfect. at a cost substantiauy equNatent to the cost to t
<br />- - Bortawer ot the mortg�gs tnsuranae Orevtousy in eftec4 tram en sRemate mortgage insurer aDDmved by Lender. M subsisniiaLy E • - -
<br /> t
<br /> equlvt�ian!mortgags fnsurence cm�Se is not ava�bb. Bortower ShaO paY to Lenda�e�h�atr ceased to be fn �eltect!Lendst wID �
<br /> V B
<br /> , yp,aRy mortgage insuranee p�um�SeTng patd by Borrower when the Ins�uanee eoYerage IaP A
<br /> ecceAt,use and�in thase PaY�ts as a toss resenre fn 6eu ot mortgage (nsmance. toss raseive PgY�� may no ton8�6B � _.
<br /> reQniisd. at the op8on o!LenCe,�martgage hsurance eovaraSe(in the amour+t and far the perlo0 that Lender re4uSres)Prav(dad bY ;.
<br /> an insurer eADroved by Lender egain 6ecarrt� ava�abla and ts ob�ed. Bortower sAaA pay the prom5mis ce�Nhed W matntain r .
<br /> mortgaga fiswanes �ef(s�t. or tn provide a foss reserve. untti tha requtransnt for mertgage tnsurance�ds in accordanee wah any . :?.f�
<br /> . wrtlien agreement b6twe�i @orrmr8r end tsn66r or aapQeeble�aw. <<.... . .�;,;;<;='
<br /> . 9. Inspecti�n. Landar or its agent may mstce reasa°a41a enL�as::�Qn end itts�6er1cn5 of tl�e Rr^„pe�:y_ l2r.�S!t8II� :�,c �,.:.-:
<br /> ` ;ec:.+. . y._�
<br /> � Borrower notke at trie t�na of ar p�tor to en insPecUert sFsc�:�'r�s�'.�cs.�e tor tha d�ecLron. ;1 ,f;
<br /> � �0. COn4d�a2f.'6EEe4�. Tha proeseQs of any award c c�aa+ 4cs �es. d'aeet �:xr:ss� c: ex.yaelloa vv.� er.y .,, ;`j, �;��r
<br /> ,�t1�3,!;',.
<br /> � . candemnataon a o���:8��P D�of tRO ProPertll.ar tar cc;n�eys.as�s�c cfi c�*.3�.a�ca,aa ts�by ess�r:ed sn0 sta�I be �;`;F:,�'f• F r,��'';:
<br /> ,I,� p8[�3fl Lertd6t- �`' ', � :
<br /> � .' � ` tn L38 eti�ent of 8 taffii t�tpd Ci'�te RrCfierty. the pt¢�slta�be B�Ged�LFtB s�'�s seCU�ed Gy this Se�.a�y ir,s'st..^ner.'« F :ti,v,.�1 h iry� .,(-
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<br /> ; � ,��.•r w'hs2h3 ar not th� due,w?�h eayi �s Ca€d ta Bortower. :ri L'te event o}a paRiel ffi�isg�r the Pmpeity in wh�h�f�mmtcet 5, t�f{ ��r_ �
<br /> ..;r::,:::: .:-t
<br /> _ . .,� �a".c�cf tAS PruAertY �d�l? �Se�ore tL0 r3dc�8�S e�l Sa ar �eater tl�en the emou�T of the sums secured by Cris Sacurdy -
<br /> , , Inslrumerrt §�arediatety befor9 th� tetc6ig. untess Bortowet and Lendet odtsrwLse egre0 in vaitNg.the sums sewreG by ihfs Securny ..._
<br /> ' (nstrument sha4 be ceduced by ths emaunt ot the proeeeds mu�ipQed by the fo&owtng ftaction: (a)tho Wml emount of the sums .. ,
<br /> SeCUred trnrtuidt8t01Y before the fakU�9.dtvt68d bY N)the fair met{tet v8t�9 of the PtoA�Y immedl9tety 68tor6 Me fek619�My beb9nC0
<br /> shaU be pstd to Bortower. in the event ot e parttal teking ot tho Pmyerty in whicA tAe fa�r marlcet vatue ot d�e Pmperty hm�adiatay . .,:;,..
<br /> 1 :':
<br /> - betore the mkin0 i� IBSS Men ffie amount ot the surtts securea immedlateN beto�e the fakNg. untess Barrower end Lendar otheiwlse f . : _g_�"�';,
<br /> e
<br /> ' agnee h r+rdYie ar uniasa applicebia taw otn�vise pravtdes. the proceaQs 6heD bs 8pD1� to the swns sgcured by tT�is Secur3y t - - "
<br /> Instrumen!vfiethar or not the euma ere then due. (
<br /> - , If Mo Proyony is abandoned by Borrower.or H.atter notteo by Len6er to Barrower Mat the condemnar oHers to make en award ar ` . �
<br /> " ' sett(e a clatm tor damBSes� Barro►ver feQS to respond to Lendar w�hin 30 dny3 aRer the detA the notiee b gluen.Lander is euthorf�d f '..- :
<br /> � to eoIIset and eppty tha Pro��•at fts option.eRher W reetoraUon or repaY of the PropeRy or to the sums saeured by thts SecurRy , _
<br /> Instrumenl,whetder or not thon duti. . .
<br /> Untass L�ndei end Barto�ver otrierwt�s agree h v+rft�n9. anY aAP�B�n of proceeds to prtnc�at shaU not mQend or postpone the
<br /> due data of the monthty paymenta�afsrred to in paragraphs t and 2 or ehange th9 emount of sucb payments. , �. �;<,;
<br /> �; , 19. Borrativer Wot Ralc�aed: Fo�besrence By Lee��er Rtot o W�tv@r. �cmns�an of tha t6ne for payment or �' -�
<br /> :;�;,�:
<br />� ' � mod'rticatton of emoRimtlon of the sums secureA by thts 8ecurFry Instrument�anta0 by l.ender to eny successar tn interest of Borrow� , _ _y�.._
<br /> ' ahaD not oporate to rel2ar,e the ti�bff�yr of tha or(gtnal Barrower or Bartowers suceessora�n�teresf. Lertde►ehell not�e requtr�d to
<br /> � commence proceedfnps e�trtst eny successor in hterest or retuse to wRend tim0 tor payment or otherwise modHyr amcrt�tlan of the � �'-
<br /> . . _ .•;',.�;
<br /> � sums secured by Mis Securily tnsUUment by reason of any demand mads by the or(ginal Borrower or Borrowefs successors in . ., •..
<br />: interest.My forbc�ance bY�ael in ma��rcisfi9 ar�r Aght or remedy shail not be a walver of or ptectude the ezareise a4 anY right or .�,`,�t
<br /> `` ' • rerttedy. '
<br /> ' � ` • � 12. Succeasors arzd Assigns Baund; Joint a�ad�everal Llability; C�gnera Tns caven:��cs and , r:
<br /> ` '� �grae.^�ts of this 3ecurity instrument shaU bh�� _nd benefit the succe3sors and essigns at tsnder and Borrow�. s,�:f�ct to Me �4� �.
<br /> ' :' provv'stons of p�aph 1T.8o►rawefa cavenants and agreert�ents sha0 be Ioint and severaL Any Barrowsr�+ho eas►gns c's+s SecurdY • . :�r.�:
<br /> ��''1 . "'', tn��t but does noi �rte the Not� (e) ts easi�ing tAis SecurriY Insbtimant mr.:y to mor�, 8��. �'.� �omreY lhat : • :�ti'�;;;
<br /> :.�;,�•;� •`;a Ea.��s inisrsst in the Proport�l under!Aa te�ms of thb Sacur�S►Instrumen� (b)!s not G�anaUyr obif�ted to Oay t�0�s secured ;. . „�..:
<br /> or
<br /> `'i�.. •;� > by t":9 Secur(t1► InsOumEn� estd (a) eyrees th8t tsnQer and ony oMet 8orrower may r�ae to extend� modNy. PorEe�r ca make enY ���{. .
<br /> - ' •:' attortonadattons wttt�regfud to te�ms of this Seeur$y Ustrurrt,snt or the Note v,�hout that Borrowers consent . •
<br /> ud
<br /> • � ��t 13.L�6£�n�@t8f�y(!O. If the foan secure0 by thi�Socurityy IrtsOn�.�b subJoct to a �w v�A(ch seta rtm�drnum loan char�. -
<br /> ; and that tavr is U7�ty hterpreted so that tho fnteresi or othe��en chelg;�s coitected or to be co0ected In connecNon wfth the foa�
<br /> ! m�cee0 tho p�::r.ad fmY9. th�: (a)any such ban chargea ShsD be rem,aad by th�emount necessary to r�Quce the charga W the
<br /> ',';-� '` ' , ' permRted ttm�ar�d(b)enY sums aoreaOY coUectea hom Bortow�which�ac�ded permftted ifmits wi0 be reNnded to Bortovrer. lender
<br /> � ,, may choose to m.ake th� refund by reducfig the princfpal awed under the NOfe or by making a 6Uect payment to 8ortower. It a
<br /> `'•? � n, retund redueos�estcipfil,tho reductian wID be Veated as a psRial prepayment without airy prepsYment chargo under the Nota. .
<br /> :::S 14, MptiC�7. My notice to Barrower provlded tor In thb 3ecurRy Instrument ahell bs glven by deuverin8 ti or by maipng R trf
<br /> r: t
<br /> ...., flrst etass ma0 unbss epplleebta law requ7es use of another method. The notice she0 be dir�ctad to the PropoAy Addresa or any
<br /> othar admress Bortawer dosignates by notice to LenQer. My not�a to l.endar sha0 be gUren by ftrst ctass matl to Lendefs add�ress �
<br /> ` � stated hereln or any othm addrass Lender designetes by notice to Bortower. My notice provided tor h thb Securityr insbument shaU
<br /> 1 ba dsemed to have boen glran to Bortowor or lender when glven as prwMed in this para9�ePh•
<br /> � 15. Governing L�nv;Severebili4y. This SocuAty Instrument shaU be govemed by reaera� �v� ana me raw of �ne !
<br /> JuBsE�tion in whleb tho PropaAy Is bcate0. In tha evant that arry provfsbn or ctause ol this Securityr Insbumsnt or the Note confl�to
<br /> w+7h appticabte tdw. sueh aontfkt shatl not aRect other prov�bns of this Secur�y InsUumes�t or tho Note whbA cen Oe gHen eftect •
<br /> • wRhaut the confl:cthg provision. To thi�end tfie provistons o!ihis Security Instrument and the Note are deciared to be severabta• ,
<br /> ; � 16. �ono�vePo C�py eortower shaU be gNen ona confortned copy ot the Nate and ot thls Security fnsCumsn6
<br /> �° � 17. Tranafer of 4Dte Praperty oo a Benefdelal Intereat in Borrower. u an or any pan of tne Property or any
<br /> ;.' interest In it Ls sold or tmnsisrred(or B a beneticlal Interest in Borrower Is sotd or Vansterred end 8orrower Is not a newral person) r
<br /> ��' � wlthout Lendors pdor wrtttm�consen6 Lender may,at fta opUon,requtre Immediate payment in fuil o!aq sums secured by thb Securny
<br />: trs7ument Hovrevor,thb opUon sheU not be exarcisod by Londer N e.�ercise is prohibfted by fedetal law es of the Qate o}this Securtty
<br /> J. `,fl.. 1 Ir.svument. �
<br /> ��-�;� . ' ; H LenQEr aaxs'ses tht3 oytlon.Landsr sha0 glve Borrowar notlee o}acooteration.TRe nofiee ahail provlde e perbd ot no!tess than , •� .
<br /> .�,•,,., • _ , ,. •...:�
<br /> �`� � 30 Qays ham fhe Gste the aatiee is de0vered o� meited w+1htr� which t�a 8orrower musi pay ell saTS s�ured by this Secur�y ' .;
<br /> • �,'`�1;. .�, � Ins�ument.If Borrorrm t�L�Gay these sums prlor to the expiration of this perlod,Lend�mey irtvoke any remedies permitted by this ; • : •
<br /> , Secufrty tnstturne�t w�ho�lt tuf�.ar notlee or demand on Eattewer. Form 3028 B/o0
<br /> . . - . � FtOYB.LN.O f2/98) Pape 3 0l 5 • � . . .
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