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<br /> ., . T.P�otootlon of L.e�d�r's Rtphts In th�P�op�irty. it Borrower fetie to per(orm the covenants aid aqreemente wntufned in `
<br /> thie Seeuriry�nstrumont, or there Is e legai proceeciing that may s►gnliicanty eNeat LendePs dgHts In the Propariy(auch aa n procccdMg In �"'-._�--�.--
<br /> • • � baNwptay,probate,tor candemnetlon or toAelture or to �ntorce�awa or�egut4tions�,thun Landor muy do ond pay tor whntaver Is a000noay �±"__�.,
<br /> � �� • � to proteaLthe value at the PropeAy and lender'e Nphta In the P�operty. Lender's a�ians may include paying any euma eocurod by a Ilen�(Q +•_..••-
<br /> whkh haa pdoriry over thie Secudry Instnrmant,�ppe�dng in eouA, peying reasonabie attomey'e feos and entoring on the Propaty to nwke,� ��^{-`'_
<br />_ .. � repnlrs. Aithough Lender may t�ko aaHon undar this paragreph 7,Lender doea not have to c!o eo. �^����,-.,,
<br /> �, � Any amounta diaburoed by Lendar under thla partprapb 7 eheil beeome additionat dnbt ot Bortowet eeaured by thls Secudty lnetrumcnt� 1�r�� - •
<br /> • � � Unieas Borrower and L�der agroe to other terme oi peyment, theae amouMe ahali bar Interost hom the d�te ot diaburoameM at the Noi� �;_ -�:
<br /> • „ rotu nnd stwU be paynbte,with interest,upon notlea trom Gendar ro 9orrower requeat►ng peyment. "�� �� �_
<br /> � . 6.Mortg�ge Insurana�. If Lender requind mortgage Ineurance as a condfllon of maWng tho �oen aecurad by thia Securit�� �;;�p�._
<br /> Instrument,Borrower shail pay the premlums required to mdintaln the mortgage Insurance In elteat. �i,tor any reaeon, the moKgnge inaurnnc _E:_r«�:
<br /> " eoverage tequlred by Lendar tepsea or ceases to ba In affeat, Borrower ehall pay tha promfuma requlred to obtain eove►nge eubetanife ' '�{�'=_;�
<br /> . �.�,.:...
<br /> equivatent to the mortgage Insurance previousry h eHe�, et s cost substantlaly equNalont to the aost to Bortower of the moRgape Insuranae •.�,;r.�
<br /> ; previoueiy In eileot, trom en attemete moRgage Insurer approved by Lender. If eubstentialy equNetent mortgage Inaurance eoverage le not ::;.�i:,�Y.
<br /> , avellabie, 8orrower shatt pey to Lender eaah month a sum equat to one�twettth of the yearly mortgege tnsuranca premium heing pa�d by _ _
<br /> ' Borrower when the insurence eoverage lapaed or ceased ta be in eHeat, Lender wlil accept, use and reta�n theae payments ao a loas
<br /> reserve in Ileu ot mortgage insuranoe. Losa teeerve payments may no longer be required, et the opUon of Lender,fl moRgaga inaurance -.
<br /> coveraga (in the amo�nt and for the pedod that le�der►equlres)provided by an Insurer approved by Lender agaln becomes avaNab�e nnd ia � .;,;��;;;;
<br /> obtal�ed. Bortower shali pay the premluma requfred to maintein mortgage hsurance In etleat, or to provida a bsa resarve, until the re:;;;
<br /> �equirement tor mortgage insuranoe ends in accordance wlth any wdtten agreement between Borrower and Lender or applloabie taw. ' • �
<br /> • 9.Inspeatlon. Lender or fts agent may make reasonebie entrles upon and inspeoUons oi the Properly. Lender shafi gbe Bortawer �• .
<br /> � nodee at the time ot or prior to an Inspaotiore epecitying reasonab�e cause tor the inepeation.
<br /> 10. Condemnet1o11. The procaods of eny uward or claim tor dameges, direat or coneequentiai, in oonneation with any ';: z':,
<br /> ;, ' vondemnaiion or othnr takiny ut miy Na�t ui the Pi operty,ar tar eanveysnce In Oeu af condemnatlon,ara hcrcby aa�igned and shel!be pelei _--.-—. .
<br /> to Lender.
<br /> in the event of a total taking of the Properry,the proceeds ehali be applled to the sums seeured by thle 3ewttty Instntment,whether or
<br /> not then due,wBh any excesa pald to Borrower. 1�the event of a partia�teking ot the Property tn whieh the tair market vaiue of the Property -
<br /> � ��-�:-
<br /> Immedlately betore the taking is equai to or greater than the emount ot the suma secured by this Seaudty Instrument Immedlately betore the �. ,�. .
<br /> taking,uniess 8orrower and Lender otherwlse agree h wddng, the sums eacured by this 8ecurfty Instrument sheN be reduced by the amount 't�,r,,�,r�
<br /> of the proceeds mukiplled by the toilowtng fractlon: (a�the total amount ot the sums seaured immedlatey beiore the taking,dNided by(b)the .�'� :+"
<br /> ' tair market vatue of the Property Immediateiy betore the taking. My balance shall be paid to Bonower. in the event ot a perdat tatdng of the ,,;,p►:;
<br /> Properry in whioh the tair market vatue of the Properry immedintely betore the taking is Iess than the emount of the sums secured immedlatety .�,
<br /> ' betore the taking, uniesa BoROwer end Lender otherwise agree ir w�lUng or unless epplieable Iaw otherwlse proWdea,the proceede ahall be ,;;z�;��:`
<br /> appited to the sums secured by thla Secudty Inetrumant whether or not the sums are then due. „
<br /> - !!th8 Pf4p8!!y 19 HbHRd4REw!by Ro►rpwer,or N,after noUce by Lender to BoROwer that the c�ndemnor otters to make an awaM or settte �"�-
<br /> a elatm for damages,BoROwer taiis to respond b Lender wBhin 30 days after the dete the noUce is given, Lender ta authorfted to colleot�nd ��;sr"-
<br /> � appy the proceeda, at its option,elther to restoration or repair ot the PropeAy or to the suma aecured by this Securiry Inetrument,whethe► �`f•:�?n'
<br /> or not then due. �r ��
<br /> Un�ess Lender and BoROwer otherwiae agree in w�iting, any appYcetlon of proceeds to pMncipal shell not extend or poatpone the due `"•`';k'�1'-
<br /> dete of the monthty payments reterred to in paregraphs 1 and 2 or ahange the amount of euch paymenta. �;:;7
<br /> ��' p��.rr.�'�:�.�. rlQt �o�e�a011� F/���IP�tflA�1PA A� t pnila� NM A WflIVA/'. FvfA/1qIfV1 fft 111N }III1H fOf 08V�I1@Iit Ot - -_
<br /> modtflcation of emortization of the suma seeured by this Security Instrument granted by Lender to any succeasor in interest ot Borrower ahall
<br /> not operate to retease the Ilability ot the origlntl Bortower or 8orcower's successors In Intereat. Lender shell not be requlred to commence
<br /> proceedings agalnat sny successor In interest a retuse to extend time for payment or othervrise modlty amortlzaUon of tho suma eeatred by � ,
<br /> thls 3eaurity Instrument by reason of any demend made by the orlglnai Borrower or Borrower's auccessors in Intereat. My torbearanca by
<br /> Lender in exerGstng any right or remedy shall nol be a waNer of or preciude the exerdse ot any rlght or rem�dy. '�
<br /> 12. Successora and Asalgns Bound; Joint and Seve�al Lfabtlity; Co-signers. The covenenta and agreementa ot
<br /> thls 3ecu�ity Instrument shetl bind and beneflt the successors and asaigns ot Lender and Borrower, subjeat to the provisiona ot paragreph ,
<br /> 17, BoRawer's oovenants and agreements shaM be Joint and severai, My Borrower who co•signs this Securily Inetrument but does not ��
<br /> execute the Note: (a)Is co•signing this 3ecurity Instrument ony to matgage, grant,and convey that 8orrower's intereat In the Properly under �
<br /> •.� the terms of thia Security Inatrument; (b) ie not personRtly obligated to pay the sums sccurad by th�s Securily InsVUment; and(o)agrees thet
<br /> Lender and any other Borrower may agree to extend, modlfy, forbear or make any aacommodations wfth tegard to tertns o}this Seaulty
<br /> Inetrument or the Note wlthout thal BoRCwer's consent. , .
<br /> 13. Loan Charges. Ii the Ioen secured by thts 3ecurily Insirument Ia subJect to a law whlah aets meximum Ioan charges,and that
<br /> Iaw is finaliy Interpreted so that the Interest ar other loan charges eollected or to be eollected in connectton with the toan exeeed the
<br /> permitted Iknits,then; (a)any sueh �oan charges sheH be reduced by the amount necessary to reduce the oharge to the pertnitted tlmk;and
<br /> (b) any sums already coliected from 8orrower which exceeded pem�tted IImKs wlil be refunded to BoROwor. Lender mey ehooae to make ,
<br /> tMs relund by reducing the principel owed under the Note or by meking a dkect payment to Borrower. It a refund reduces principai,the
<br /> � reduction wlli be treated as a partlai prepayment without eny prepayment charge under the Note. • '�
<br /> 14. NOtICe9. Any notice to Borrower provlded tor�n this SecuMty Inatrument shall be glven by dellvering It or by malling R by flrst "
<br /> cless mail unless appifcable Iaw requlres use d enother method. The notice shali be directed to the Property Addresa or any other addresa
<br /> Borrower deslgnates by notice to Lender. Any notioe to Lender ahall be glven by first c�ass malt to Lender's addresa stated hereln or any
<br /> ' other address Lender deslgnates by notice to Borrower. Any notice provided for In thls Securiry instrument shall be deemed to have been ,
<br /> given to Borrower ar Lender when glven as provided In thls paregraph.
<br /> . 15. Governing Law; Seve�ebility. Thls Security Instrument shall be governed by federal taw end the lew ot the Jurisdictlon in
<br /> which the Property Is toceted. In the event thet any provislon or clause of thls Security Instrument or the Note conflicts with appliceble law.
<br /> � such conllict shall not attect other provlslona ot this Securlty Inslrument or the Note whkh can be gNen eHeot wfthout the eontliding
<br /> provisbn. To this end the provislons of this Securiry Inctrument and the Note are declared to be severebie. �
<br /> 16. 8orrower's Copy. Borrower shaN be given one conformed copy of the Note and of this Secutity Instrument.
<br /> iT. Transfer of the Property o�a Beneficiai Inte�eat in Bo�rower. If ell or any part ot the Propeny or any interest in '
<br /> � u ie ...�a,.. t.o.,ofo..crt rnr if A FIPIfPII('IA� Ifl}Pfl1Ct in Rnnnwwr Ic anid O���AhRIHtfQd and Aorrower Is not a naturei oersonl wlthout Lender's
<br /> pdor wrftten consent. Lender may, et Its optlon, requlre Immediate payment In tult ot all sums secured by thls Security Mstrument. However,
<br /> thls option shall not be exerGsed by Le�der It exerclse is prohlblted by federel law as of the dato 01 this Seeurity Instrument.
<br /> ! If lender exerclses this optlon. Lender sheA give Borrower notice ot acceleratbn. The notice shall provide a perbd ot not tesa than 30
<br /> � , � deys irom the date the notice Is delivered or metled within whlch the Borcower must pey aN sums secured by this Security Insirument. If
<br /> � � Borrower talls to pay these sums prior to the expfratbn of thls period. Le�der may Invoke any remedles permltted by this Security Inslrumenl
<br /> wlthout turther notice or dema�d on ltorrower.
<br /> raqc ,t c�� ror�� d07d 990
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