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<br />°:.�'•,�:��, ' 7. Prot�ctlon af l.�nd�r'1 Fllqhts In th� P�op�rty� II Borrow�r t�fle'to pMorm the coven�ntx �nd �yreemante
<br /> .,:A, ' conuln�d In lhlt 9�curity InaWm�l,o►than le�lepu Mo��^0�h��^�y �b^��ty�n�ct LMder'a rlghte In the Prop�rly (euch aa
<br /> �`�"°�' obaU,for condwnn�Uo� or forldtur�or to mtorc�I�ws or rpulrtlone), th�n Lender may do �nd pay for
<br /> t ,y � procNdk�p In banfwpteyr� Pr -
<br /> '��'' wh�twer I� n�as�ry to proUct th� vdw o1 th� PropKty �nd UndK�� d9ht� In th� PropKly. Lmder'e rctlone may include p�yln�
<br />����.; •�:,
<br /> �ny eum� h�cund by� M�n whl�h has p►lori►Y ovM lhl�3�curtty Intirumuft, �ppMrinp In couri, p�ylnp re�son�bta�rio�ney'e teee snd
<br />��'�"-�%°�-° entKlnp on lh�Fkop«ty to m�k� nWin. Allhouph L�ndar r►µY Uk��ctlon under thls p�nynph 7,Lander daes not h�ve to do eo.
<br /> ��,, Any �mounts dieburoed by I.�nder und�r thle p�nW+�Ph 7 eh�N become eddHlon�l debt of BoROwer aecured by thls Securily
<br />-���';����, " Inatrum�nt. Unla� Borrow�r and��nd� �0� ta oth�r tMm� 01 p�yment, 1hHe �mounte ah�ll be�r Interent from the d�ta oi
<br /> ' disburaement�t the Note nta md ehRll be pRy�hle,wBh Inter�et, upon nollce irom Lender ta Borrower requestlnp payment.
<br />`-.cir,�;+��__ 8. Mortqay� Insur�llC�. If I.mdx rsquk�d mw4p�flo Incuranca a;. a conditlan ot maklnfl ihe lonn exured by Ihls Security �,_
<br /> - Inetrument, Borrowar shNl pay lh�premlume rpuk�d to m�kit�ln th� mort�p� Intunnce In eHect. •It, for �ny ra�son, the mortpaye
<br /> :� Insurrnca cownye nquk�d by Lender I�PsM e►cMae to b� In Mf�ct� BoROwer eh�A p�y the premluma required to obt�ln cover�pe
<br /> �-'=� aubat�ntidly Mulvd�nt to th��rohq��o Insunna+prevlouaN In Nhc►� �t�cost aubst�ntially equMalent to th�coat to Borrowx of the
<br /> mortp�yA Ineun�nce prwlousy In dl�c1� hom �n �R�m�t� mortq�p� InsurK �pproved by Lender. II eubetantl�Ny equN�lant morty�ye
<br />�'.-�?,.:i'�;'�. Insur�nce coverapa Is not av�fMibN, Bortowx eh�N p�y to Londx s�ch morth � aum xc{ud to ana�tweltth o1 ths yssdy mortp�ge
<br />. '";` `� Ineurance prem�um belnp pnid by Qarower when the In�ur�ncs covenye wpned or ceseecl ta be in etfect. L.endar will�ccept, uae�nd
<br /> k�,lf�a1�lie _ Ineuru�ce, LQSe reasrve paymenta may no lonper be requlred, at tha
<br /> =-"�"�-"" rsuNi these p�ym�nts u a baa reaerve In Nau of mortp�pe
<br />--_�,%�,�.'�;�� Inaun���e coysrnfle (in the unount and for the period ih�t Lender requkea) provlded by �n inaurer
<br /> ;$� optlon ot Lender, M morl�a� ths pnrt�fuma requksd to malnt�ln mort�ye
<br /> - , �PProwd by Lendsr �y�ln b�comrs �v�N�bl� �nd le obWned, Barrower sh�ll PRY
<br /> --�_��� Inaurance In Mfect, or to prodd�� ba rotMV�� un1M ths rpuk�t }or mortWye Inaunuice end� In�ccord�nca wfth �ny writtsn
<br /> "—�� agreement between Borrauer�nd lander or�ppllc�ble I�w.
<br /> '.����� 9. Insp�ctlon. Lender or Rs �pent rn�y make re�aon�ble entrl�a upon �nd Inspections o1 tha Property. Lender shell give
<br /> _-.+�.�:�� Bortower noGce at the time ol or pdor to an Inepsctlon epscflyl�0 re�eonabla cauee for the Inspectlon.
<br />__'-��,���`+�� 10. Condsmn�tlon� Th�proceede of �ny �ward or clalnt fu damapos, dlrect or consequent{al, in cnnnectlon with sny
<br /> -�_���� conderru��t!on or other Ukinq o} any Wrt ot the Property, or tor convdyence In Ileu of condamnstion,aro hereby saal9ned end shall be
<br /> -��T�' peld to Lender.
<br />'�°r��'�k���� q the proceed� ah�N be epplled to the auma secured by thls Security Inetrument,
<br /> -- �<���� In the event of e total Ukir of lhe Property.
<br /> R���� whether or not then due, wNh any excess pdd to Borrower. In the avent of�W�rt{�I t�klnQ of the Property In whlch the tak merkat
<br /> '�:".=:'�"��, yalue of the Property ImmadktefY bdoro lhe takina Ie eqwl to or gre4ter th�n the amount of the auma aecured by this Security
<br /> �� Instrument Immedletey befon the u1cM�9, unleas Bortower e►d Lender otherwiss ayrw In w►idnp, the eume �ecured by thia 3acurityr
<br /> ��`°"'�� Inatrument sh�ll be reduced by the �mount ot the proceeda mulUpN�d by the followinp hacGon. (�) lhe tot�l �mount of the eume
<br />-�-��'�`�� securad Immedietey before the taldng� div�ded by (b) the 1dr rt►uket value of the Property hnmedi�tsly betoro the tRWny. My b�knce
<br /> �_,� shdl be peid to Borrowe�. In th�eveM o}e P�rtid t�kM�G of the Property in which the hlr rruuke[v�lua of the Property Immedl�tdy
<br /> —_-•:;,? beloro the tekinp le leas thN the�mount ot tha sums aecured Immedl�tety before the teklnp, unless Bortower and Lender otherwlse
<br />--;�c.�.wtY;,
<br />�: .�:3=� acxee In wrlAnp or unleas +p{►Hcable I�w othe+wise providea, the proceeda shaN be applled to tho eums aecured by thle Sacu
<br /> •:g���,� Inatrument whether or not the eume arn then aue.
<br /> If the Property is�bandoned hy Borrower, or M, �rier nodca by Lendx ta Borrower that the condemnor oftero to m�ke en awud or
<br /> -^-'�"�� sdtle �ckkn for dun�yea. Borrower teAa to reapond to Lender withln 30 days�Re►lhe date the nodce la pNen, Lender Is �uthorized
<br /> �� to collsct and apply the proceeda,at fte opGon, ekher to reatontlon or repak o1 the Properly or to the suma secured by thla Security
<br />--_��-� Inatrument,whethx or not then due. Ilcatlon ol roceeda lo princlp�l ehdl not extend or poatpone tha
<br /> � Unleea lender and Borrower otherwlse�yree in writlnp, enY aPP P
<br /> ''�-"-"�'±��� due d�te o1 the monthly payme�te referred to in p�nqrepha 1 and 2 or ch�npe the�mount of auch paymeni�-
<br />__,;:_�� 11. Borrow�r Not R�Ius�d: ForM�ranco By L.�nd�r Not a Wa�vsr. Extensbn ot the time for payment or
<br /> ��:...����� modiflcatlon ot amortiz�Uon ol tt�e sums eecured by thla Securily Inetrument yrented by Lender to eny succeaeor In interest o}Borrower
<br /> shall not operate tn releeeae the kbllfly o}the origin�l Borrower w Bortower'a successoro in Interest. Lender shail not be required to
<br /> ��� commence proceedinpa sgainat �ny auccsaaor In Intxeat a �etuae to extend tkne for p�yment or othenvlae modii�r amwtlxaUon ot the
<br /> — suma secured by thls Saaxity InstNment by reason u} eny dem�nd made by the odqhal Borrower or Bortower'e nuccessors in
<br /> --.,-,���� Intereat. My toibe�nnce by Lender In ex�d�InO�"Y�9ht or remedy shaH not be s w�Ner o} or predude the exurGse af any dyht or
<br /> ---��,� remedy.
<br /> — - 12. Succ�uora end I4uign• Bound; Jolnt aad Sov�rel U�bllity; Co-signers. The covmants end
<br /> -,��,� agreemente of thls Securfty Instmment ahdl bind and beneffi the auccessoro end ensipna oi Lender end Borrower, subJect to tha
<br /> ,:_��� provlalons ot p�nprePh 17. Bortowers coven�nts end agreemente eheN be Jolnt and aeveral. My Bortower who co•slqne thla Security
<br />����'`� Instrument but does not execute ths Note: (a) la co•signing thla Security Inatrument only to modgege, gnnt, �nd convey that
<br />="�"�� Bortower's Interest In the Properry under the terms ot thls SecurNy Inetrument; (b) Is not peraonally obNpated to pay the eums socured
<br /> —_��;�—��:
<br /> -_-_—� by thls SecurKy Instn�ment nnd(c) �proea that Lender and any other Borrowx m�y a9ree to extend, modNy, forbesr or me e any
<br /> v � i eccommodations wfth regerd to terma o}thla Security Inotrument or thn Note wRhout that Borrower'a conaent.
<br /> _"-*•""'`"���. 13. LOin Ch�r�as. It lhe losn secured by lhia Securily Instrument le subJect to a kw whkh sets meximum loan charges,
<br />=�.��-•
<br /> �?„�,� ,;, • end that law Is finely Interpreted ao thst the Intereat or other loen ch�rqea coAected a to be coAected In connectlon wHh t e oen
<br /> ,,�n,��??��. ' oxceed the pertnftted Nmita,therr(a)a�Y auch loan cherqes ah�Y be reduced by the amount necesa�ry to reduce the charge to the
<br />��'^'.:��"` permitted Ilmft; end (b)�ny euma elre�dy collected from Borrower whieh excaeded pamitted Nmite will be refunded to Bortower. I.ender
<br /> - � . ;"' may choose to meke thia retund by reducirip lhe pdnGW�l owed under the Note or by making s dkact payment to Bortower, If a
<br /> _ - � - refund reduces prinGWl, the reduction wHl be treeted�s a partlel PrepsYment wRhout any prepaymait chage under the Note.
<br /> . '`� � '' ' 14. NotiCes. My noUce to Borrower provided iw in thls Secxufty Inswment sheW be qNen by deUverinp R or by m�iNnp It by
<br /> � firot Gess maN unleae sppYoibb law requkea uae of �nolha method. The notice ah�N be directed to the Property Addreas or eny
<br /> " -� �{ • other address Bortower deslgni�es by nodce to Lender. Any notice to Lender shstl be gNen by tlrst cleea rndl to Lender's eddreae
<br /> 1� stated hereln or any other eddress Lender doslgnetes by notice to Borrower. My notice provlded tor In this Securiry Instrument sheu
<br /> �: be deemed to have been qHen lo Borrower or Lender whm 9�'e^Str�mrentdshatl tbeg go�em d by federal lew end the law ot the
<br /> ? 15. Governln� L�w; Sev�r�bllity. Thla Securfty
<br /> �urisdiction in which the Prope�tY Is located. In the event that eny provislon or claul eirumentsor the Note which�an be given eHCecl
<br /> •��` � � with applicable law, such conflkl shell not eMect other provislons ot thls Security
<br />� :. --- -- Without the conSlicting provislon. To thla end the provisions ot this Security Inetrumont and tha Note ere declered to be severable.
<br /> _ _ _ - - �
<br /> -� • ---..
<br /> _..�_w�.,���..a nf fhla�`,acufltv II1SiNR1@111.
<br /> • 16. Borrower's Copy� BoROwM ehdtl be gNe(�one contormau ��N��� .�.� ,.�.--..__. ...._ __. ,
<br /> 17. Transfer of the Proparty or a Bonoficl�l Intsrest In Borrower. it eii or eny pert ot the Properry or any
<br /> ' Interest in it !s sold or trensterttd (or if e beneflclel interest (n Borrower is sold or transferred end Borrow�err Is not a netural person)
<br /> withuut Lender's prior writlen cansent, Lender may��t Re option, require Immedste payment In full ot ell sums aecured by this Security
<br /> Instrument. However,th:s option shaA not be excxclsed by Le�der if exerdso Is proh{bfted by tederel kw as of the dete of this Security
<br /> Instrument.
<br /> If Lender exercls�s thb opiion, Lender sheN gNe Borrower notice ot ecceleratlon. The notice ahall provlde e period ot not ess
<br /> than 30 days from the dete the noUce Is delivered or meNed within which ihe Borrower must pay ell sums secured by this Securtty
<br /> • Instrument. If Borrower ieds to pay lhese sums prlor to the expintlon ot thls period, Lender mny Invoke any remr.dies petmitted by thls
<br /> Secudty Instrument without lurlher notice or demand on Borrower.
<br /> Form 3020 9/90
<br /> Paqe 3 of 5
<br /> '� - F7029.LM0(�0/97)
<br /> I 6980050
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