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<br /> 7. Peot�otloe of Lstlder'B Rlghts in tho Prop�tlyl. It Borrori�r talla to peAorm the covenanto and egreements contained In
<br /> � •� ' � thto $�ounty Inetrumcr�t,or thcro Ia n Iogai procesdine ihat may algnllloantry affoat Lcndor's dphta in tho PropaAy (uuoh ns a proceedinfl In ' -
<br /> � baniwptay,propata,tor condemnnt�an or IoRclture or to enlorc€�laws or rogutuUona),thcn Lender mny do and pay tor whetever is nocosenry . -_
<br /> •- " to protoat the vatue of the PropeRy and lender's dghte in tha Prupuriy. Londer's acttona may Inaiude pay�ng eny aumo secured by e Ilen . ; .
<br /> �vhioh liea prlodty ovor thl�8eaurity Inatrument,appeadng c�courL paying reaeonablo attamey'8 feos and enterinfl on tho Propedy to make . . ..
<br /> � repaire. Allhough Lender may take adlon under thts paragraph 7.Lender doea not hnve to do oo. r °-
<br /> ' My amounte dls6ursed by Lender under thls paragreph 7 ehall become eddlUonal debt of 9ortowor sscu►ad by this 3ecudy inotrumen� � �
<br /> � Untese Bortowcr nnd Lander agree to otha terma ot payment. theae amounts shal�bear interest from tha date of dlabursement at the Note i� �
<br /> • reto and shall bo payabio,wfth Interest,upon noGce 4rom Lender to Borrower requeating payment. P
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<br /> 8. Mortgege Insuranae. If Lender requlrec!modgage insursnae as a condlUon of making the Ioisn secured by thla Securtty � ,r
<br /> '� Inatrument,BoROwer shail pay the premtums requ�red to maintain the mortgage insurance In eNect.It,for any reason,the mortgage insuranee ��_ �. _
<br /> aoveraga requlred by Lender Ispses or eeases to be in etleat. BoROwer sheli pay the premlums required to obtaln coverage substan�aliy ;�
<br /> equivaienl to tNe n�ortyage Insurance prevbusty In etfect, at a cost substar�tksity cquNa�cnt to the cost to 9ortowe►of the mortpage Insurance
<br /> proviously in etfeat, irom an eltemete modgage Insure►approved by Lender. If substanUaity equlveient mortgage insuranae coverage is not ,
<br /> avallabte, Borrower ahall pay to Lender each month a sum equai to one-tweHth of the yearty mortgage inaurence premium being paid by �
<br /> Borrower when the Insurance coverage tepsed or caassd to be in ei(ect. Lender wlll accept, uae and retain these payments as a Ioss
<br /> resene tn Ileu of mortgage insurance. Loas reserve payments may no tonger be required, at the opUon o1 Lender, if mortgage Insurance ,
<br /> coverage Qn the amount and 4or thc�period that Lender requlres)provided by an insurer appraved by lender agatn becomes availabie and is S..
<br /> � obtat�ed. Berrower shat! pay the premlums requlred to maintein mortgag� tnsurance in efTect, or to provide a Ioss �eserve, until the ;,.�:: :,.�;
<br /> I reQutrem¢nt for mortoaga insuranee ends N accrordance with any written agreement between 8ortower and 4ender or appYcable l�w. �,., ••, . ,: ,�".� :..:. , �
<br /> 91. B�1S���4Q�n. Lender or its ag�nt may make reasonable entries upon and inspections of the Property. Lender shaA give Bortower ,.��,, �:.;�;.:,�.,�;;`�;,'" �,;:�
<br /> , ; no4ice at the ttme of or prior to an inspecilon speci(ying reasortabie cause tor the ins es'tion. ?•�':''�'' '' '''�%� '.'�•'`F"•'�;;`�::�,
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<br /> c :;�•t_. " • � 9�. C�UlQ�07pt11841m,p. The proceeds of anH award or ciaim tor damages, direct or consequentlal, In connectian wfth any = �{� •��rd ', .;�1,p 7„�,
<br /> � r��� condemnatloo or othur laking of any pavt ot the F�apert�r, or tar eonveyance in Ileu of condemna2ian. are hereby assigned and ahall be paid ��/ r G(,�;��'
<br /> --i •. •� t0 Leflf�Bf. .�s i - _.����7�1 !�� ��ti--
<br /> �'a In the event of a totel taking of the Property,the proceeds shall be applled to the si�ms seaured by this Security Instrument,whether or � ��.��• � ,._
<br /> �.•�,.`.:�:�,:�•.`��',,� � not then due,wRh any exceas paid to Borrower. In the e�ent ot a partialt�taking ot the Property in which!he tair market value of the Property ?.,;� � � , .
<br /> �°:'���'• immediately before the taking is equal to a greater than the amount ot the suma secured by this Security�nstrument immediatety betore the '��
<br /> ;,.�,��:.,.r`i�,''.;;;..,��1� teking, uNeas Hortower anQ Lender othervdae agree in w�itNg, the sums secured by this 3ecurily instrument shall be reduced by the amount ; ,
<br /> ' � � of the proceeds muiGpiled by the following fracUon: (a)the total emount ot the sums secured immedlately betore the taking,divided by (b)the ,
<br /> � fair market vaiue of the Property Immedlatey betore the taking. My ba�ance shaA be paid to Borrower. In the event ot a partlal teking ot the I .. ,„
<br /> � � Property in whloh the fair marlcet vatue ot the PropeRy Immediatety betore the teking is Iess than the amount ot the suma sesured knmediately �. :=:
<br /> . betore the tsking, uniesa BoROwer and Lender otherwise agree in wrfHng or unless applicabte law otherwise provides, the procseds ahaN be jr ; . .^''
<br /> applled to the suma aecured by this 3ecudty Inshument whether or not the sums are then due. �i.
<br /> It the Property Is abandoned by Bortower,or fl,after notice by Lender to Bor►ower that the condemnor offere to make an award or setUe � __�
<br /> a cialm for damagos,Borrower taNs to respond to Lender wNhin 30 days efter the dete the noUee Is glven, lenaer ta autnonzed to coifeci and �• -=-
<br /> � --�%
<br /> appiy the proceeda,at fts option, efthsr to restoration or npai�of the Property or to the suma secured by thls 3ecuriry�natrument, whether
<br /> or not then due. • �� ��;
<br /> Uniesa Lender and Bortower otherwise agree h wrtttng, any applicetlon of proceeds to pdnclpai shail not extend or postpone the due ?�r
<br /> date of the monthiy payments reterred to h paragrapha 1 and 2 or change the amount ot such payments. ,t;
<br /> 11. Borrower Not Released:Forbearance By Lender Plot a Watver. Extension ot the nme tor payment or
<br /> modiflcaUon of amortizaqon oi the sums secured by this Security�natrument granted by Lender to any successor in interest oi Borrower sha�l ,, ����
<br /> not operate to release the�Iabillly oi the aiginel Bonower or Bortower's successors in Interast. �_ender shall not be required to commence ' f';'�
<br /> proceedings againet any successor In Interest or refuse to actsnd time tor payment or otherwise modHy amortization oq the sums secured by � � a '
<br /> i thie Securily Instrument by reason of any demend made by the origlnai Borrower or Barrower's successors in interest.My forbea►ance by �
<br /> Lender in exerdsing any�Ight or remedy ahai►not be a waNer of or predude the exerclse of any right or remedy. ��
<br /> 12. Successors and Asstgns Bound; Joint end Several Liebility; Co-signers. The covenants and agreemems of ; _�;-
<br /> � this Securtly InsWment shal► bind and beneflt the auccessors and assigns of Lender and Borrower, subject to the provistons of paragraph ��"
<br /> 17. Borrower's covenants and agreements shali 6e Joint end several. Any Borrower who co-signs this Security InstNment but daes rtot
<br /> ", execute the Note: (a)Is co•signing this Security Inslrument onty to moRgage, grant,and convey thet 8ortower's interest in the Property urtder , ,
<br /> � the tertns ot this Security Instrument;(b)is not personaliy obligated to pay the sums secured by this Securiry Instrument:and(c�agr�es that . "' '
<br /> Lender and any other Borrower may agree to extend, mody. forbear or make any accommodations with regard ta tertns of ihis Security �.� t;i '
<br /> �
<br /> � � �' Instcument or the Note wlthout thet 8orrower's consent. � '
<br /> �� 13. L08D ChetgAB. It the ba� secured by this Seeurity Instrument +s sub;ect ta a law wh�ch sets maximum loen charges,and that
<br /> � . law is flnaly Interpreted so that the interest or other loan charges collected or to be collected in cannectton with the Ioan exceed the
<br /> • perrnitted Iimks, then; (e) any such loar. charges shall be reduced by the amount necessary to reduce the charge to the permftted limft;and '
<br /> • (b) any sums atready collected from Bortower which exeeeded permitted limits w:il be re(unded to Borrower. Lender may choose to make !
<br /> this refund by redudng the principal owed �nder the Note or by making e direct payment to 8orrower. If a refund reduces principal, the �
<br /> reducUon wfll be treated as a partiat pre�ayment without any prepayment charge under the Note. �
<br /> 14. Notices. My notice to 8o�ower provided for h thfs Securily Instrument sheil be given by delivering ft or by maiting it by first ,
<br /> " ciass rtiall untess applicsble law reqa�res use of snother method. The notice shall be directed to the Properry Address or any other address
<br /> Borrower designates by notice to Lender.Any notice to lender shall be given by first ciass mai to Lender's address stated herein or any
<br /> other address Lender designates by notice to 8orrower. My notice provided for in thfs Security Instrument shall be deemed to have been
<br /> ghren to Borrower or Lertder when given as provided in thls paragraph.
<br /> ! i8. Governing l.aw; Severability. This Secunty Instrument shall be govemed by federai law end the law of the jurisdiclion in
<br /> � which the Property is located. In the event that any provBion or clause o(this Security instrument or the Note conflicts with applicable law. -
<br /> � suCh Conflict shall not affect other prorisions of this Security Instrument or the Note which csn be given eftect without the conncting
<br /> provision. To this end the provisfons of this Securiry Instrument end the Note are declared to be severable.
<br /> 16. Borrower's Copy. Bortower shaN be given one conformed copy ot the Note a�d of this Security Instrument.
<br /> � 17.Transfer of the Property or a Beneficlal tnterest tn Borrower. If aII or any part o}the Property or any interest In
<br /> R Is sold or transterted (or if a beneticlal interest In Bonower is sold or trensferred and Bortower Is not a natural person)without lender's
<br /> prior wrltten consent, Lender may, at Its optfon. require immediate payment In full of all sums secured by this Securlty Instrument. However.
<br /> thls optlon shall not be exerclsed by Lender H exercise is prohlbited by federat law as of the date ot thls Security Instrument.
<br /> If Lender exerGses this optfon,Lender shell give Borrower notice ot acceleration. The notice shall provide a period of not less than 30
<br /> days from the date the notice Is delivered ar malled withln which the Borrower must pay aII sums secured by thls Securily Instrument. I1 ._
<br /> 8orcower taifs to pay these sums prlor to the explration ol this pe�od. lender may Invoke eny remedies permitted by this Securiry Instrument
<br /> S ��;.'� without further notice or demand on 0orrower.
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