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<br /> 98'' i12841
<br /> . 7, Pratection of �ender's Riqhta In the Properly. i� Borrowx irus �o parlorm cna aovsn.n►s aad .pr.«n.nn
<br /> conUined h this Security Inalrument, or there M e legal proceadhp that may slpnNb�nty Rffect L�nder'a rlphta In th� Prop�rty (�tuch ��
<br /> . �prxesd'nA h b�nkruptcy, probate,for condemn�tbn or forfsRurs or to enlorc� 4w� or rapu4tbns), th�n Und�r m�y do �nd p1y fa
<br /> what�wr Is neceas�ry to protect tha v�lu• of the Proparty �nd Ltndar's rqhts 1n the Prop�rty. L�nd�r't actbns rrNy hcludo p�ytnp
<br /> any cumc cocurad by a Iiwi which h�s prbrky ovw thfs S�curky Inctrumonl,Appaulnq h court, payhp ripsonabla attom�y'� f«1�nd
<br /> onterhp on the Property lo make rup�MS. Afthoueh Lender may t�ke�ctbn und�r thls p�r�pr�ph 7,Lend�r does not h�vs to do �o.
<br /> Any emounts dlabursed by lender under thie parepreph 7 shell bacome addfl'an�l debt ol Borrow�r nacursd by thfs 9�curky
<br /> Instrument. Unless 8arrower end Lender eQrae to other terms of pdym�nt, ti�ato amounis shdl bNr fnt�ntt kom th� d1t� of
<br /> dis6ura�m�nt at th� Not� nte ond ahall ba paypbM,wNh int�nst,upon notlC� hom Lend�r to BorrowK nquHthp pnym�nt.
<br /> a. Mortyaqe Insurance. II Lender roquYed mortp�p� (neuranc��s a condkbn of m�klnp th�b�n s�Cund by thla S�CUrky
<br /> Instrumant, Borrower shall pny tho premlums requked lo mlllntnin Ihe mongege In�urence In eMxf. if, for eny reeeon, ►hs mortgap�
<br /> Insur�nca coverape requked by Lender lapses or ceasos ta bo In �fl�ct, Borrowar ehall pay the premluma rsqufrW to obt�in cowr�pl
<br /> subanntiely equivalent to the mortpapa Ineurqnce prevbuay In eM�ct, 4t l COSt BUb6tYfltllllly lqUIVQNfIt t0 th�COit �0 80ROW�r of th�
<br /> mortp�pe InsuranC� prevbuey h eflsct, hom an �kernate mortpape Naurer�pproved by Lender. II aubatantMlly squN�bnt moRp�p�
<br /> Insunnce coveraps Is not evallable, Bonower sh�N pay to Lsnder saich month � aum aqual to one-twsNth of ths ys�rly mortpap�
<br /> tnsurrnce premium beinp pald by 9orcower when the Insurance cover�ge lepsed or ceased to be in effect. Lender wf��cce�t, ua�luid
<br /> retafn these payments as a lass reserve in Iku ol mortpape {nsurance. Loss reserve payments may no bnpar ba rwauind, I�t th�
<br /> optbn ot Lender, N mortpape hsurance coverape (in the emount and lor the perbd that Lendw requkes) provkiad by an Inturar
<br /> �ppro4ed by Lender apoln becomes availeble flnd Is obtalned. BoROwer ahsll pay the prsmlums rsqufrod to mrintakl moAQaq
<br /> hsurance In eHect, or to provide a bss reserve, until the raqukament lor mortpaqe hsurance ends in eccordance wkh �ny wrkten
<br /> epreertienf helween Borrower and Lender or applfcable law.
<br /> 9. IIliFIECtl011. Lender or ks apent moy make reasona6le entriea upon and hspectbns ot the Property. LvndK sh�M plw
<br /> Borrower not�e at the time of or prlor to an inapectbn specNyinp re�sonsbk c�use for lhe insp�otbn.
<br /> 10. Condemnatlon. The proceeds of eny award or clefm tor damapes, direct or consequentl�l, In connectbn wNh any
<br /> condemnation or other takinp of any part of the Property, or for conveyance in Iieu of condemnatbn,are hereby aasignod and shaH W
<br /> paid to Lender.
<br /> In the event of a total tekinp of the Property, the proceeds shall be applbd to the eums secured by thla Securky Instrum�nt,
<br /> whelher or not then due, with eny excess paid to Borrower. In the event of e partinl tekinp o} the F'roperly In •NhiCh ►hs hk m�rket
<br /> value of the Property knmediately before the takinp is equal to or greater than the amount of the sums secured by thls ^�CUrAy
<br /> Instrument knmediatey betore ihe takinp, unless Borrower and Lende� otherwise epree In wrkhp, tha sums sacurad by thia S�curky
<br />- Instrume�t shall be reduced hy the amount ot the proCeeds muft�plfed by tha folbwhg fractlon: (a) the tot�l rmount o1 th� �umi
<br /> SeCUred fmmedletely be}ore the teking, dHided by (b) the iak market vak,a of the Propeny knmediatey before the teklny. My 6Uu►w
<br />- shall be paid to Borrower. In the event of a partlal teki�Q of the Property In wh�h the (ak markat value of the PropeAy ImrtMdktey
<br />'- botore the taking is less thfln Ihe emount of lhe sums secured knmedlatey betore the takinq, unless Bonower end L�nder othetwHl�
<br />= aflree In writinfl or unfess appiiceble law athervvise provides, the procueds shall be applied to the sum6 e�CUrsd by thlt S�curky
<br /> Instrument whether or not the sums are lhen due.
<br /> II the Propeny is abandoned by BorroKer,or Y,aRer notfce by Lender to Borrower lhat the condemnor otlers to mak��n awud or
<br /> settle t ckkn for demafles, Bortower fpils to respond to Lander wRhh 30 dtys after tho dab tha notbo k qiwn, L�nd�r k �uthorisW
<br /> to coNect ond appy Ihe proceeds, �t ks optbn, ekher to restoretbn or re�ek of tha Proparty or to the tums securW by thk Sxurky
<br /> Instrument,whethx or not thsn dus.
<br /> UnMss Lender �nd 8orrower otherwise apree In wrklnQ, sny applfcetbn of proCeeds to princlp�l ehdl not �ct�nd or postpoM tM
<br /> du�d�t�of th�monlhly paym�nts�alarrid to In pu�pr�ph• 1 �nd 2 or ch�npa tha emount of such paym�nts.
<br /> 11. Borrower Not qele�sed: Forbeannce By Lender Not e Walver. Exbn�bn o� ch. dms 1or p�ymmt a
<br /> modMk�tbn ol �mort�etbn of ths eum� secursd by thls 5ecurRy Inntrurr�snt prrnted by Lender to�ny succ�s�or in Mt�t of Borrovnr
<br /> shaN not opunts lo rslease ths IlebNfty of the orlphal BOrrowsr or Borrowlr'S sucCessors In Intsrsst, Unt1M'Bh�M not b�hquFK1 t0
<br /> comn�ena procaadhps apehot any successor h atorest or refuse lo extend tfmo lor payrtwnt or oth�rwis�modlfy unortlr�tbn ol tM
<br /> aumt s�cur�d by this S�curky In�trumant by rwson of any dsmand rtud� by th• orfpin�l BorcowK or 9ortow�r's tucc�s�on In
<br /> fnterest. Any torbeuence by Lender In exercis„0 any rlyht or remed/ sheM not be a walver of or preclude the pcerclse of�ny ripht or
<br /> rertwdy.
<br /> 12. Successors and Aasiyns Bound; Jolnt end Severel Liabllity; Co-aiqner�. rn� cown�nn .nd
<br /> epreements af thla Securky Instrument shall bind�nd bene(it the successors end aseipna ot Lender and Bortovwr, aubJ�ct lo tM
<br /> provbbns of paragraph 17, Borrowers covenants end aqreements shall be jolnt end severet. My Borrower who Co-slpna thfa SecurNy
<br /> Instrument hut does not execute the Note: (a) Is co•sqninp thls Security Instrumunt ony to mortyape, prant, and conwy th�t
<br /> Borrower's interest In the Property under the te�ms of this SecurRy Instrum�nt; (b) Is not personslly obll�ted to pay th�tums Neund
<br /> by this SeCUrity Instrument; and (c) egrees that Lender entl eny uther Borrower may apree to extend, modffy, forbear or mak� any
<br /> - eccommodatbns wkh reperd to lerms of this Securdy Instrument or the Note wkhout that Borrower's consent.
<br /> 13. Loen Charges. II the ban secured by this Securky Inst�ument Is subject to e law whbh aats muknum b�n Chupn,
<br /> ' end that 18w Is IinHlty klterpretetl so that the hterest or other loan charges collg�ted or to be coIlBCted kl conneCtbn wkh th� b�fl
<br /> _ exceed the permitted limks, then; (a) eny such loen cherges shall be reduCad by the emount necessary to raduce the Chup�to tt»
<br /> = permited limft; and(b) eny sums akeady collected Irom Borrower whfch exceeded permkted I'mRs wNl be relunded to Bortow�r. UnWr
<br /> - may choose to make this reh,nd by reduc►np the principal owed under the Note or by makinp a dkect payment to BortowK, If�
<br /> - refund reduces pnc�lpel, the reductbn will be treated as a pertlal prepayment wN.hout eny prepnyment charpe undar the Nots.
<br /> 14. Nntices. Any notfce to Borrower provided for In this Security Instrument shall be pNAn by delNariny R or by maiNnQ k by
<br /> first class mell unless epplbable law requfres use of another method. The notice shall bo dkected to the Property Adthsas or any
<br /> _ other address Dorrower deslgnates by notbe to lender. Any notfce to Lender shntl be pNen by first clas6 maU to LendM's addrosf
<br /> stated herein or any other address Lender desipnfltes by not�e to Borrower. My notfce provided tor In thls SecurNy In�trument sh�tl
<br /> be deemed to heve been piven to Borcower or Lender when piven as provided tn this perapreph.
<br /> - 16. Governing Lew; Severebility. This secu��ry Instrumenl shau be 9overned by tederal ww end cne �nw af th�
<br /> - �urisd�Ction In whlCh the Property Is located. In the event that eny provlsion or Clause ot thls SeCUrRy Inslrument or ths Note Contlioll
<br /> •. with epplicable law, such conlifct shall not aNect other provlsions of thls Security Instrument or the Nots whbh c�n b� plwn �M�CI
<br />•� �.vithout the confl�cthg provlsion. To this end tho provislons ol this Security Instrument end the Note ere deCwrsd to ba aw�rabM.
<br /> 16. BO�fOW@I''S COpy. Borrower shall be given one conlormed copy of the Nnte and ot this Securky Instrument.
<br /> 17. Transfer of the Property or e Heneficlal Interest fn Borrower. u au or flny part of the Property or any
<br /> intarest in it is sold or t�ensterred (or if e beneficlal fnterest in Borrower is sold or trensferred end Bortower is not a neturnl p�reon)
<br /> wfthout Lender's prior written consent. Lender may,At Its optlon, requke knmedlete payrtient fn h�ll ol all sums secured by this S�4urUy
<br /> InstNment. However, this optlon shall not be ezercised by Lender B exercise Is prohibited by totlerel law es of the date of thls SecurRy
<br /> Instrument.
<br /> II lender exercises this opt(on, Londor shnll yHe Borcower notbe of ecceleretion. The notfce shall provide a perbd of not bse
<br /> than 30 days from the date the not�ce Is delNered or malted withhi whfch the DoROwer must pay ell sums seCUred by thls SeCUrky '
<br /> Instrumenl. 11 Borrower faiis to pay these sums pr:or to the expketlon of this period, Lender may invoke any remedles permkted by thb �
<br /> Securiry Instrument without lurther notice or demend on BDIfOWB�. Form �o2e v/�o '
<br /> f-1079.LMOI�U/9/) Papo � ol 5
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