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<br /> � - If Borrower taits to Detfosm th8 CavCmm�t9 lUtd � •. °��.,
<br /> _ u , � � . .7. b�st�tection of I.Ende�s Rights tn the Property. f„-.:.:,°.
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<br /> .;;;��'�� . � con�ea tn tnrs sec�rayF inswme��.oz th�re is a 1e8at pro¢eed�g tAat may signif�anty aReet L�Qet'6 A9hffi�1 th0 Pt0y87ty EBttsil a9 <� k•.. '
<br /> - =°• J;.,°. g Q�ti�g e�penkrupicy.probate,tor eandcmrtation ct�orfeaure or ta entoree iaws er regutaitans),Nen L�►dst R�Y ito Ci�d�4Gt
<br /> w�ate�r ts nEtessa�Y to R+�tect trte.vatuo at t1m Prapertlt anA Lendar's rights tn tAe Property. l.ertdaia sc!{ons am7/6188td��sp�8 � -
<br /> ,, ,..;��`���� .• 8nY Sums securet�Dy a l�n which has pr�ority over tt�is Securiry insuument.apDearing�cour4 OaY�B�����m���0 � . ,,:
<br /> � pstErfi$cn the ProDgRY to���p�• �A�ROUgh L$nder may take aetion unde�this pa�8g�h 7.t�mde�dC89 R��m�80. ,,� �
<br /> . �,�::'.,` Any amounts disbursed by Lender�under this paragraph 7 shaU become adGdionai Qebt of Boaowet sew[04 Ey H1ffi S�t�11 � c..,2 •�,
<br /> (pgG�Um9nG unf85s Bortower 8nd Lettder sgree to oMer terms of payment, trtese smodnts shasl bear tntarest firom tfto�te o� � b;;:.:'
<br /> d$burs�ment et tAe Not9 ra�9 and shau be AaY���Wh��terest,upon notice from Lender to Borrower requesUnB PaY� , �' '• �
<br /> - ,y,s"< < . 8.Martgaga Irtsurance. lf Landar re�u�'ed mortgage tnsucance as a conditian ot making t�a taen s0ar�ed by thTS� � '�
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<br /> ,. k•... i ` tnstrurt�en� 8ortowe►ShaO pay the p�emsums re4uhaC to mainm3n the mortga9e msurance in eHeCt If.far any�asm►•thQ nmrt� << �,
<br /> _�`. �,u��g�pvgeage+64ufred by L2nder f3pses or aeases to be in eNect. Borcowe�shall pay the G��m8����so a8�� � � :� .;
<br /> . �tiatty gquivalsnt to the moRgaSe Msu�ence prevtou5 l y �e ff ec�a t a c o s t s u b s t a n t i a l l y e q u l v 8 t e n t t o t h 9 C o s t t 0 B O t t D t�'6►O�tl►3 � _M1_
<br /> ' moRg�$9,Ulsurance D��oussy in efiect, bom an aftemate mortgage msu*er appmved by f.ender. If subsffiatia�f/�'��� ., �-•::
<br />', tnsu�anee caverage is not avaitabts. Boncwer snau pay to l.ender eacri montA a sam equal.to anetwelfth nt tha Y�a�41f��8� . .
<br /> .. y�3��p pc�9m@em Ce(ng paid by Borrower when the utsur8nce aovetage�psed or ceased tu Ee iA effect L.BnQar vrm e�CEDt,��0
<br /> ec
<br /> ' � thess paymems as a Iass_rese�ve a� Leu ot mo.�tgage insurance. lass ra'senre payments may no tonger de requtred.8t tlt9
<br /> Q�p�t af �gnder, d mortgaga insurance coverage (u► the amauni and tar the period that Lender tequQes)pfovi68d bY�� E --`-�
<br /> r•�:, t pppT�yBQ by �gR�t &gabt beCOmBS avaita6�e 8nd ts obtained 8onower shall pay the premn�ms re4uited to � �� €
<br /> • Iny�uance tn eE[ect, or to provids a tass �eserve, us+t�tne �equtrement tor martgage insurance en0s fn accord�nt�wHDf m�Y�
<br /> E[ect ;-r-.
<br /> , 8gl88mEnt betw2en Bortower and lender or ePRr�CabTe F3w. L.�tdef 6l18![QN9� �
<br /> • $.Inspee�o�. lender or �s sgent may make regsonal�la envies upan and inspectlon5 Of the PtopBRy �� ,��t'R
<br /> _ : i��.�, Botrotver notfee at the time ot ar prinr m an ins�aesifln spec�T'y�8 reasona6(e cause tor the inspecUOn. �
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<br /> � '1Q.Condemnation. The proceeds of sr►y award or,.c�aim for tlsma9es. dl�ct or conssquential,irt Conne�tl wA�,�1t�Y�i� ` ,
<br /> Cpss�a�uf�ttocf or ott�er tatimg of any paR of the PropeRy,or for camreyance in riees of condznma8on,ars hets0y 6ssi�ad 8n4 6t�!bs�� ��'`
<br /> p&id'�o LenQer. . � "� ;
<br /> ` � <<; � tn the ev�nt'af a.tutat taking oi the PropeRy. tAe proceeds 5nati b8 appfiad to tfia sums sscu�8d tsY tAis S�t�+1� ,�._
<br /> w h e t h e r a r n o i t A�d u e.w�l h a n y e x c e s s Paid to 9oaowe:. tn.tha eve�t oE�.parti9t tafcirr� of the Fmyer@Y�u+nkh t�e�Ik� .
<br /> . °�;.� vag�e of the propeay immgdlatety �efara Ine.taking i� e4u�1 to or greaser ihan tha emount ot Me sums BeCUte d b y t H T S S B t a t t B y �
<br /> � '� insttument immed'�itely betore the taking, untass 9ortav�er artA LenQer othen�ise BgrEe rt� writrtig,thA Sut1'�S 58C11rBd by�thL4 SECUCflY ' _,
<br /> ' � U15Wtnerrt Shali be reduced by the amount ot the proce6ds muRipli�d by the loitowfng TraCtion: (8)the tot8� etnaunt Ot th8 SUmS �
<br /> ,,; �
<br /> '•��� seCUred tm�nediatety before t�e taking, divide0 by(b)the fair market vatue af the ProDQ�tY�medtateti before tha tak§�& MY bIIL3r►ce
<br /> ' (+,,� .. Sh80 00 patd t0 8ortowec. In the event o[a paRial taking of the PropeAy in which the fa'v market vaWe af the PrOpattY�mediatefy t�_.:',z'�
<br /> ... t
<br /> �s�;. ' t�gtprn the taking fs less Man the amaunt ot.the sums secured 'anmediateiy hetore the taking.untess Botsower and L�t�otPtenvfs8 t
<br /> _ g� h wrQh�g or uNess aDP��b�e law otheriatse provides, the proCeeOS.shau be app�ied to the�Sums SeCUted by thT9 SeClnHjl �_; �^„
<br /> +." Irtstrumen!whether or not the sums ere then due. � _
<br /> � If the Properifl is abandoned by Bqrtower,or if,after natice by Lendec to Borrower that tAe Condemnor offets t0 m�lc9�ewstd Ot � ";-,
<br /> yettt�a ctatm tor damages,Boaower taits�Q re5pond to Lender wRhin 30 days after the det0 the notice IS gNen.LenQCt t9 StdhCf�B� . � �—
<br /> — ��,pt�ct end eflpip th�proceed;,a! ds o0t�n.ertha►ro rastoration or rePair Of the PropeAy ar to the suras s¢CUred Dy ttfts SBCUtR1t
<br /> �. •' � Yv.� � (nsdumenl,whether ar not then�ue. . _ '`�
<br /> ��"' ; Untess Lender and Bonower otnerwise agree in writing,any epp�icatron ot prOCeeds to ptlnCipal shsit not extena 0�pOStpOn9 Ut9 .
<br /> •• '�{ due dat9 of the mOnthty payments reterred to in Dara9raphs �and 2 or change the amount o1 such p8yments. !�`:"i-,
<br /> . : �'';; ,.1� 91. �orrower Not Reteased:Forhearance By Lender Not a Watver. �enston ot tna.ttms tor payrr�t or �
<br /> '''.t . • •• ., �, • mOdifioBtiOn O=amoRization of th�sums 50CUred by this Security InStrument g�Mt84 by Lendet to an�►8ueC8S30f U1(nt9t'09Z Ot BOt�OVl�t
<br /> • J•: sAall not operate to retease the liabil+ry of the or'ginai eorrower or eorroker's succossQrs in interes� tsnder stiafl not De ro�tired to ___
<br /> .. >;
<br /> eommertce proceecings ag��nst any suecessor m tnterest or retuse to excend tUne tor payment or otherwise mod�yl emOrt3�t10tt 01 tt10
<br /> � - sums BeCUred by this Security Instrument by reason o1 any demand made by the ortgtnat Berrower o� Botrower8 suCEtlSSa�B� �
<br /> . � r. shail not be a waive�of or preeNds the 6xetCi30 O!OJty Ciglti 0r �:"•�'=s
<br /> �. , • , interest Any forbearance br Lender in exarcismg any rignt o remedy
<br /> � � � ��2:�uceessors and Assigns Bound; dotat and Several Liabitity; Co-stgners. me covona,rts ena � `�
<br /> egreements of this Security Instrument shas►lcc�� and benelit the successar� and essigns of Lender and Borrowet� subj0et t0 ths •L,._.•,_
<br /> . prOvtstons ot pare9reph t7. 8ortowe�s covenznts anQ agreements sha�t be jo�nt and severat My Borrowm wRO�0�stgns thls SECU�Qy
<br /> • ' Instrument but daas not execute tne Note: la1 is co-stgning Mts Security tnsfrument oniy to mortgage, gtar�t� and ConvOY the4 G; .,_.:
<br /> ' •• Botrowefs a�terest in thQ ProOeRy under tf�e tfTms of this SeCOrity(nstrumsnt:(b}t5 no'c personally ob�gated to p8y the SumB SeCUf9d � -_-
<br /> • � by this Securityr 'nsWment: and (c) agrees t�at Lender and any other 8orrower may agree to extend. modlyl. (Ot008► o�make eny E. '_-
<br /> ' BCCO�OdStiOnS wAh regafd t0 terms of I�is SeCUrity�nstrument or the Nc;e witnout that Borrowe�s consenb E�
<br /> - � � 13.I.oan Ch�rges. It the toan secu�eA by this Securrty �nstrurnent is subject to a law whlch set9 m8ximur►1 (0ea ah&889. `
<br /> �'�.� • , � , � � y`- Fta.1 that law is tinelly interpreted so that the interest or other loan charges couectoA a to be colteCted fn cortneCUOn wRt►tAo loan
<br /> � e�ceed the permitte0 lunits, then; (a)any sucn toan charges snall be r�duced by the amount necessary to reduC9 the eh8rgo t0 the _
<br /> • � � pertnitted ifmiF:end(b>any sums a'ready coltected irom Borrower whtch ex;aede�Oeneitted limits w(11 be retunQed to BotroYlet. I.etIQ� "—::i_'
<br /> ' m8y choo5e to make.this reluntl by reducing the pr�nCipat awed under ;he Note or by making a Cirect payment to 9orrOwer. If v _
<br /> ' refund reduae�Ormctpat,the reCuCt�on vr�n be treated es a purt�al prepaymeni without any prepayment cAer�ge under tt�9 Note,
<br />- � , , 14, htOtiC88. Any natice to Banower provided tor in tnis Secur�ty instrument sha��be glven by deWering it or by ma(�n9 a by
<br /> �- , � '� fvst ciess mait unless appliCable law requ�res use of another metAOd. The notice shall be dueCted to the PtOpBRy Add105s 0►9thl
<br /> � � Othe►flddress 8orcower desgnates by �ot�ce to Lender. Any notiCe to 1 enCer shall be given by ftrst C13s9 mail t0 L9ndefe 6dd18S9 ..
<br /> - � � . 'i stated herein or any other address Lender des�g�ates by norice to Borro•uer. Any notice provided tar(n thi4 SaCUrHy tnSWn1E}ilt BhtSll
<br />�;; . " be deamed to have baen given to Borroj�er or Lende�when g�1en es prov��ed m th�s paragraph. , „
<br /> • . iS. Governing I.ew; Severability. This Securay Inshumenr shali be governed 6y federal law and tha taw ot the .
<br />_ . ° • ,� juriSdiCUon in which the Property is located. i�� lh8 event thet eny provis�cn Or C�au58.o}thiS S9CU►ity ttiSt�UrtlBtiT Ot N0 N019 COf�11'�1Fi •
<br /> � witb epOtiCeb�e taw, such conf�ti, �ha::not att_ct othe� prov�stons of th�s Security Instrument or the NOtO v�h1Ch C8n 40 gArel��ftBIIt _
<br /> � without tha conilicting provis�on. To this end the provisions ot this Secur�ty��strument and the Note ere declarBd t0 b9 S0vef6b�.
<br /> � 16. BOrrowet's Copy. Borrower shttli be 9�en one Contortned capy of the Note and ot this Seeurity lnaWmen�
<br /> � ° 17. Transter ot the Rroq�erty or a Berteticial lnterest Irt Borrovrer. it ao or eny peA o! t�e PtopBRy or any
<br /> . �' _ •i interest in ft is soid or transfened tor il e beneficial fnterest in Bortov,�� �s so�d or transfERed and Borrower ts not e aetur8l p9tson)
<br /> � without lender's prior wrrtten con5ant, Lender may,at its oDt�on,requirP immediate Oayment U tuif of ell sum9 SeCUr6d by tT1f9 SeCtdity
<br /> � InsWment. Hov�ever,this option shau not bg oxercised by lender i}exPr��-e is pioh�bited by tederal law as ot the dat0 Of thb St�CU6ty
<br /> . . tnsuumsnt. '
<br /> ' • - - - H Lender ex6rCiS95 this Op1i0n. LendFr srau gNe Sonotfer notice . �^:eierflt�on. The notice snaii provide a petlod o1 not i�s ,
<br />_ • ,'
<br /> � ti18n 30 days trom tne tlat5 the nobce�5 do���erFd or mr.�a� �vithin wnvn rhe 8orro�+2r must pay ell sums SeCUted by thiS Se6vl�t
<br /> IrtStrumenG :t 3orrower fad5 to pay these sum; pnor to the n�cp��at�on o'���s period.Lender may invoke any remedies patmftted by this .
<br /> . SBCU��ty InSVc�cnt wRhout fu�the� �Ot�ce� A8�»and on BortoNer. form 3C2B G190
<br /> �:• � �,ao, � .
<br /> .�•� ' . F/02B.1M0(10/97)
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