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<br /> °:��-`-a,�-_% • Bnrtowar may aue such a ds(auh �d re.L�smte. as provided 1� pazagraph 18. bY causing the adion or procesrllng to Ee -,' r. �
<br /> ���'� � F'�E tQsmis�ed withh a ndIng thaL in LendE�r's good tafth detertnlnaSon.Dre�udes tadefture ot the 8orrow�'s ttrte�est tn the Property or ,tu`:.�,.
<br /> . S'. �. .
<br /> , . , other matedat ImPaimt2nt ai Ute Uen aeatsd by titis Seatclt�(nstrumer►t or 1.�d2t's seairHy 6rterest Borrower sha0 also be in .`F ':
<br /> `��•� ..`�'�`: ` de�lt N Bortow�.�g tl►e foan appUwtioh prccess.9a�►e mat�taIIy fatse or inacauate Infortnefion or�tements to Lend�(or - -;,
<br /> . , �<�` ` lalted to ptoYlde l�aler wdh any materlaf�tntotm�[ony b� conneedort wtlh the ioare svldenc�d by tAe Not� tncNding, bui nat �.,��,
<br /> , t,�.� :
<br /> � fuNted to. represanffiItorts canceming Bomnver's occWancY of th� Properiy► as a Pdndpat tesldence. 8 thfs SecurRy
<br /> ' Instrumerrt ts on e teasehofa Bortower shall eompty vi@h aU the pravfsto� of the lease. M Bo�wer aequlres tee t@te to the
<br /> , Prcpely.the Ieasehotd and the tee tida sha0 eut merg0 unless Le�der a�ees to the merger In w�&in9.
<br /> , " t� 7.ProtectIon of Lender's Rigtita tn tha Propgrty.tt eortow� feDa to pertarm the eovenaMs and agreements
<br /> :.`'-��.` � cortffilned fn this 8eciu(ty InsUcument.or t!►era is a tagal procea�ng that may signiflcarrtly afiect Lender's dghts tn the Prop¢rty .,.�"r`.
<br /> �' (su�as a praceedtng in bankrupt�.y.Probate,for r.ondertumtion ar tartetture or to erdaroe laws or regutaUons).then Lender may -.
<br />''��` -, - � do and pay tor whatever ts necessary to protect the vaiue o!the Praperty end Lender's rtghts in ffie Properly. Lender's acGans(�
<br /> .�� may Udude PeYin9 eny sums sec�tred by a 8en wfi[c!� has pdorfty aver this 3eeudry tnstrument. eAP�9 in cowL P�9`� :.
<br /> reasrmebie attomeys'fees end en4erfn9 on the Properry to matce repairs.AftttougA Lertder may take ac8on under this paragrapb �
<br /> _ - `�-%-::'� 7.t�ender does not hava to do so. �' -�"•_.`�
<br /> �. `,.;�. ' My amotmt9 disbursed by Lender undar P�9BPfi 7 stiaD become adddiona!debt of Borrower seeured by this Seau�I C� --;�..,:
<br /> _ �``, :_ .' Instrwnent UNess Sartower artd lender acsee to other terms of paymeM, these amourRs shs�bear irtterest from the date ot � .
<br /> � � " Rsb�us�r►ert at the Note rate and shaU he P�fe.wRh tntere.st.Won nadce from Lertder to Borrower requestut9 PaymerR ,_.�
<br /> a
<br /> • 8. ed0�tgage (n3ur9ttce. It lender�equtred mortgage inswsnce as a con�ttan of matdng the toan seaued by this � �,:._Y.
<br /> ma
<br /> '�: �� . gec�nfty tnstrument, Bortaw�sha0 pay the premiums required to ma6�in the moRgage insvraace in eftecG(f,tor any reason,ths � -- -:
<br /> moRgage tnsuranee coverage requUed by I.�d�tapses or ceases to be In eftect, Botrower shap pay the praniums requ6ed to . ���:.'
<br /> obtaU�coverage subs�tialty�l+ral�d to tAe mortgage TnsUrance previausly fn eHec�t.st a cast su6stentla4y equhratent to the '`=;;�
<br /> - ```.•t,�`,, eost to @armwer af the mortgage insuranee prevlousty tn eHe�t.from an aftemate mortgage Insurer ePPmyed by i�d� If ,�.p..;�-_'
<br /> . •�;.,�, subsler�tta¢y equivalerrt mortgage insurence eovaage ta not avaIIabte,Bmrower shal!paY w Lender eacts morrth a sum equal to ` ,.�"
<br /> � i � one-iwetfth M the yeazy martgage insurance premtum b�ng pald by Botrower when the insurance cmrerage Iapsed or ceased m : -.
<br /> :Y��.l De ia eftecL Lender w@ accept,use and retah�these payme�Rs as a toss ress�re In lieu a!mortgage tnsuranc� Loss reserve •� �-�..
<br /> ' '''''"�"' ` pa�inents may no(onger be requGed,ffi the opUon of Lender,if mortgage insuranc�covetage(in tfie amow�t end for the perfod .,
<br /> �i,�,'�4',':,,- ;`,..,
<br /> `.:'';-,���:� ;: th�i lertder.reryuhesl ProYtded by an 6rseuer epAraved by Lender agafn becames mra�ahI�snd is obtatned. Bortower shaD pay ,:
<br /> tha p�emiums requtred W mefitatn mortgage tns�uar►ce in eftect.or to pro�Rde a loss resertr�arrtA the requirwnent tor moctgage �r r'::�',
<br /> < � c�sc'vanae enda in aawrdance wfthh any wrNten agreement belween Borrower and Lender or appacable Iaw- �
<br /> ' ° " ' 8. tnSaeCtiott.Lender or fts agert may make reasonabie entries upa�as►d inspectlons.af the Propat�. Lender sha0 gtvs • -
<br /> �� '���� . B�rrnwer notice at the ttme of or pdor to es�inspectlon specdying reasonabte r�rse far the inspection. �. �;�:.;.
<br /> - � 10. COrtdemnStion.The proceeds ot any award or�tatm for daRS�es. �rect or consequenitai.tn cennection witt�arry � : ' �
<br /> � condennaUon or other tefdng af any part o!the PmRertY.or iin com'ey�v°tn Geu of cond�nnatton,aie heeby essi�ed and
<br /> shall be peid to Lende►: . . �,���� �
<br /> . . .. ' k� the event at a total taldng ot the ProPeitY. the praceeds shafl bz aPplied to the sums seaired by thts Se�rity . „�'
<br /> ` �.`�,'��� Instnm�eM,whether or not then due.wfth any bxcess pa[d M Bartower. In th0 eaent of a partiai ta�dng of tha Froperty(n yrhkh `- : �:
<br /> stnm
<br /> t • �'�,` �? ,'y' th2 faa matket value of tAe Ptoperly Itnmediately before the f3ldng is equel to or�eater than tAe amoimf at the sums seaued
<br /> � .;';�Y��+';,_��`���: by �is Secudty Instrument inma�atery before the taWng. uni�s Borrower and Lender othenrAse agree h� wrRing.ttra sums �.��:�='
<br /> ';�"s:?�:�'�%1=. '� s�d py this 3ecudly Mstrumarit sha0 be reduc�d by the mnount ot the procesds muWp4ed by�the foAowing Uacdan: (a)tfie !,__
<br /> •.�;l??:-?ri�'+`>�c� ut d �
<br /> .-:,•s-.,�,;•.:.,.>r totat emoun!of the sums secured immedtatety 6etore ffie taWrcg.d'i�Rded bY(b)the taU marfcet vatua oi the Propetty tmmediately ---
<br /> betore the taktrtg.My bafance shaA be paid to 6orrower.In the eveM oi a paNat tatdng of the Property in wh(ch the falr market �.,t a,
<br /> . ` ,;:,,,�;;"' .,--,+ vatue o!the Property tmmed(ateiy betore the�ch►g[s fess than the amount of the sums secured imme�tai�tY betore the takfng. __ !,
<br /> ,�.'�)�:�:u;,t:• : un t e s s Borrower an d L e n d e� othenxtse a�ee in wrRtn g or uNess appQcahle taY� oihenvtse prov(des, the proceeds shail be
<br /> „r.. . ,
<br /> • app0ed tp the sums secured by Ws SeauKy►tnstrument whether or not the sums ere then due. �`„w–'-
<br /> �°,:`�"iY;;';:,. ',�;.{ B ttte,P�operty is ebandoned by Borrowe.r.or tf,after nottce by Lender to Borrower that the condemno�ofters to make an = --
<br /> E:•.:.��
<br /> � �, �'s award or sedte e claim tor damages, Borrotivar taHs to respond to L.ender wftt�tn 30 days sRer tAe date the noYlce is g1ven. �
<br />• ` Lend�r is suthorized to coQect and appry tha proceeQs, at Rs opUan, ekher to restotatton or repaU of the Prnperiy or to Me r` _
<br /> , ;,..,''�'' sums secured by this Secur(ty Instrumerrt,w1�tAer or not then due. � `
<br /> � �.
<br /> �." - �,'y:-;r::. ` . ,.; Unfess Lender end Bomawer othenvise agree �n wdting. m►!/ eVD��on ot proceeds to pdnclpai shell not e�end or ._
<br /> �f��x•"`�-�-=-�'.: postpone the due date o?the menthty payments referred to tn paragnaphs 1 and 2 or chanae tfie emount W sucA payments. ['��°°--
<br />_ ;• ��+�`:;.:: °,i ' ��.._
<br /> -, �;.,,o-,,:. , 11. Borrawer Nat Reteased; Fo�araace By I.ender Nat a Waiver.Excenston ot tne Ume ror payment or _
<br /> � '�'� mad�mUon of amortimtlon ot tha sums sec�s:�fl by this Secudry(nsWment cBanted by Lender to any sx�a�ssor In tnterest of � ._
<br /> . `' ,;;�'�� Bmrower sha0 noi operate to release the t�"w'y o1 the odginal Borrower or Borrower's successors in ira:+�rest. L�der shaD�ot �
<br /> � .:;•; ba requlred w commence proceeNnga against any successor fi interest or retuse to extend tlme tor�aymerst e[ othenvtse • `
<br /> ' .. . ;,: r,r�.dy amoNmUon of the sums seaned by this$ecurity Insfi.�ner�t by reason of a�ry demand mada by the edgina)Bartower or �=.....
<br /> �� .' � Satrower's successors in Inter�. My torbearance by Ler�r in exerdsing arry dgM or remedy shaD not be a watv� o!or W
<br /> ..�'.:;k.`: , � --
<br /> . predude the exercise ot any rtght or r�nedy.
<br />. . � - 12. Successo►9 and Asslgos Bound; Jotnt and Several 0.#ability; Co-slgn0re.The covenarrts and _
<br /> egre�nents oi th;s Security InstrumeM s�all bir.�and beneftt the successors artd assi�a of lender and Borrower,subject to the =
<br /> ��,f� .•. , proNsiens of paragraph 77. Borrower's eoven�ta end a�eements shali be Joint and several. My Borrower who co-si�s tAts __
<br /> � <�;,.•._ Seaa(ry Instrumert but does not execute the No2e: (a)is casign(ng thls Secur(ty InsWmenf onty to mortgage.�ant ena comrey �.__
<br /> ;;;,A�;.• .�_ that Borrawer's tnterest�n the PraDertY under the tertns of thta Security tnsWmet►x (b)is not per�anady ob4gated to pey the
<br /> • sums secured by this Security(nshumeerrfi end(c)agrees that Lender and eny othet Borrower may a�ee to extend,modity, _
<br /> -' � torbear or make arry accommodattons vritb s�p:d to ttra tem�s of Uiis Seeurity InshumeM or the lVote awhout that 8ortovier's �
<br /> — ''°'' consent. �' ' � '
<br /> �- 13. L081t Ch8tgee. if the Ioan secured by this Secu�ity Instrument is subjed to a Iaw whiefi sets maxtmum loan �, .-
<br />- : •,;;r,�c• .,•••�� charpes.end that taw ia finalty Inieryreted so that the 6rterest or otAer loan chargea col►ected or to be coQected in cronnectlon `-'-_-
<br /> ''��"'�`�� � � wfth the loan exceed the p�r�''d UrnRs,then: (a)erry eueh toan charge sfiell be reduced by the amour�t.neoeasary:o reduce
<br /> •:•�:�•.:• .., .
<br /> • � �.; the charge to the permiued Ctnit; and(b)anY sums etreadY conected trom Borrower which exceeded permltted Qm�Ts wID be ,. -
<br /> � � refimQed to Borra�wa.Lendv rnay choose to maka thts refund by redudng the pdncipal owed under the Nate or by maWng a
<br /> re
<br /> , dired payment E� Borrowv. H A refund re.�.es pdnclpaL the reductia'► wiil Ee treated as e partlal prepayment wtthout erry
<br /> prepayment charge under tP�o Nate.
<br /> . • 14. NoUC09.My n�rs to Borrower pravided tor(n this Securfly Ustrument shap be ghren by deAvedng it or by maSfing N
<br /> • by fust class mail untess ap�L�2bte law requires use of ar.a:her method. The rtoUce ehall he dUected to the Ptoperly Addross � '�:
<br /> or eny other addresa Bonower desi�ates by �otlee to Lender. My no9ce to Lender shail ba ghren by tfrs! c(ass maU to " ��?
<br /> � , ' LerMer's address stated herein or any aiher address lender designates by noUce to Bortower. My naUce pravided for in this `�� �•
<br /> • � ' Secur(ty InsUumeM shaU be deemed to have been ghren to Borraw¢r or Lender when gh+en as provided(n this paragraph. _
<br /> ' � � 15. aover�ing Law; Severa6111ty. This Securily tnatrument sheU be govem¢d by federal law and the taw o1 the
<br /> � ju�isdi�tion in whieA the Praperty is taeated. tn the event ffiat any proviston w clause of tfiis Security Ins�ument or the Note
<br /> _ ' • � co�cis w(th applieable taw.sueh oordilet shnD not eftect other provisians of this Sewriry(nshument or the Note which can be
<br /> �_ given etfeet without the eonfltellng provlslon.To this end the provlsiona o4 this Security Instrument and the Note ere declared to
<br /> - • . be severa6fe. .
<br /> . ,...,,
<br /> � . • 16.8arrower's Copy.Borrower shall be gtven ona canformed copy ot the Note and of tht9 Seadty fnstrument ,
<br /> F1316.LM0(1/97� Pago 3 of 5
<br /> ' • 97162
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