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<br /> ^ T.Prolectlon of L+and�r'�RlnhM In the P�ap�rty. If�orroww f�A�to perfottn the eorertu►ta and�are�rttent��onWn�d h _=--
<br /> �t61a Saau�ty lnetNnsm. or thue Is a le�tl pmcesdha that may c�{�nl0cantry atfact Lender'a�lphte In the Property(euah as�procpcllnp h ���
<br /> � ^ •banSw�t�sy,presb�tp,tor oond2mnatlan or tort�tture or to entarca{awa or repukllono),then l.ender rt�ay do and �y lor whwtevM ta nectas� ___
<br /> '•'�_, to proto�l the vaP�e ot the Prapeny end l.andar'e dghts tn the Propaty. Lendsre tatlona may Irsclud�p�yirtQ«ny tvm� orour�+d by� 8� `a -- `� --_
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<br /> whtah haa pdorKy aver thla Securfty inatrument, app�M !n aouR, payfnp reiaonabla attom e fess and antarirtg em tha Rro x.� to mai�
<br /> ropaYe. Aflhouph Lende►tnny tnko aaUon under this pangrapb 7,L�der does nat hnve to do so. �=���.:�-�-�---
<br /> ' Any �mounta dlaburaed by Lender under lhis paragrapb�eha0 become ad{�:tlIIr+el dobt af Bor�owor seoured by thta 8�udty In�trumnnt.� ;•����'-��,,;�—��—�:-
<br /> Unleae Borrower and lmder agr�e to otha terma of p�ymanl,lheae�mounts�h�➢beu tntereat from the Eats of dlabursamtnt �t ths(�Sote ��-�_-�_
<br /> rato and shaU be payabia,with Irrterest upon nottee tram Lender to BortawEr requestl�g paymen� � � �'�^—_�r�,,M.:__
<br /> 8. MoRgs�s insuranee. If Lend�r requtred mortQegs Inaurance aa a cort�lltton of rnslc�nfl tho loan secured ioy tgla ������'rr-_�+ .� � - —
<br /> � InstrumeM,8orrowm ahall pay the pnmiume requlrad to mnintaln the moKgcge inaurtnea In eltect.ii,tor tmy roason,tha mod��e Inauranc��r ` _
<br /> aoveraga roqutred by Lende� tapaes or ceases !o be In ettect. Borrav�er aha9 pay the premtum9 requUed to obt�r► coverege aubatanttak�iP ;��
<br /> equtvaiant to the mortgago�nsurance pre+rta�sry in�ffect.at a eoat subatamtafy equNalent to the cost to Borrower of ti�e modg�ae ineurar+oe '�A�_—_—°�.� --
<br /> prev�ousy in eHeet, trom an ahemate mortgage inaurer approved by Lender. It aubatenUalry equNntmt modgage MauTence eaverage E� not � ,°—�-4��
<br /> avapeble, Borrower shatl pay to Lender eaeh month a sum equet to onedwelRh ot the yaatty mortgage Nsurance premlutn ba'ng peid by ';fs���==.=.----=:
<br /> Borrower when the lncurar�cu eoverage lspsed or ce�sed to be in ettect. lertder wiU accej►t, use and retaln these aymtnte aa a {oaa ��".�;-_��—...n.=�__-
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<br /> reserve tn Usu ot mortgage (nsuranca Loss resenre payments may no longer ba required,at the optlon of Lender. N rteortg�ge inaurartee �•��"'�' _
<br /> covetage pn the mcncerat and for the period that dender requUes)provided by an inaurer npproved by Lender egntn bt�omea evaiS�6te attd I� '�=`'��'—"
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<br /> ot�e� 9onoraer sFTali pay the �rem[um�s req+ctrod to matnteU� mortgage inaumneo In ettect, or to provtda a loae reseroe. u��l tiro , �;�u P'
<br /> re�utres�rt tor rrtor4gage insur�ao end9 te►�ccWed�wt2h orgr�mitten agreement between 8oreower end Lends�ar alr��c�Et'�6�rr. ',:�r���-��...R--
<br /> �. Cso3p9CHOft. Lender cr tte�gt�+nt may meko reaso��b'.o�ntrles upan and inspections ot the Property. latd�u4�¢h g�trQ[ic�va�er .. .: . •;;: .:.
<br /> � no4ke a4 the thne of or pdor to an irtspecdon spedgAng reasoe►dD:3 cause for lhe inapectton. ` _•'�j—
<br /> . •t.:•.:....-__—_
<br /> i0. Condemnatlon. The proceeds of any award or dalm tor damages. dtrect or aonsequenffal. in ceR�e=cL`on wRh em/ "'�_"�--
<br /> � :.. '`'�` --
<br /> condertmatlon or other teMng of any pert of the Property, or tor eonveyance in ileu ot condemnaUon,are het¢�y mssEgneti ¢nd Sh88�e Pe1� ; ��
<br /> _ ! to lendec ; °•
<br /> .. � �� In the s+rent oi a total tatdng�4 4he Property.the proceeds sPrail be applted to the sums se�cuer�by this Sacudty 1►�stTUm�B.whether or � � • • .; ,_— _.
<br /> � �� �•. . not then due,wtth any excess pa-`d to @orrower. In the event of a partial teWng of the Property tn oahieh the tair mazkst raCuo o?the Properiy . `--'�'°�`
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<br /> ' .1,:.,.• ., ��`;• 6rtmedfa4ely before the taking is eq�a�to er g�aateP 8han the amourrt of the sums secured by this S2attity InsUument imnt�'atc�l betore the � � ::.* , ,,��,�.
<br /> 5, �• ';�� faldng, unlesa 8orrow¢r and Lender otherw(se agce�izr writlng,the aums secured by thia Ssacri�y Irtstrurrtxnl shcil►be reduce�d by the areeoun4 � ..„.�__
<br /> 04 the proceeds multipped by the tonowing fraciioe�:(a)the total emouM of the aums seeured[mmzdtatety�(ant tRa taktn9� cEirldad MI(b)��
<br /> fair merQcet velue of the Property immediately before the ffiking.My baiance shatl Ds&aEd Yo 8¢rrorv�.ti lhe rav¢nt o4 a Rz�rti31 ffi�kng o4 tR@ _� , ...�'.
<br /> Property in which the fair merket value ot the Property immediately before the tah�eg Es��ss tRan the emount o4 the sunns sea�c��Imma�tetY :� , —=M,,—
<br /> betore the ta�dng, unleas Borrow�and Lender othetwise agree In wdtlng or urtlQSS a¢p"_ca@:s Faw othervrise provides, tAe �mc�2da shciU De .� ,
<br /> appiled to the sums secured by this Security Insttument whether or not the surr�are tRr�n due. � ° ^�
<br /> tt the Froperty is ebandoned by Borrower,or it,after noHce by Lender to 8cs�rotirer that the condemnw of:ers to make ae�award ar sc�L:�
<br /> •. _...._• _.,�....n...e...w � �'�., �
<br /> a deim for damages,BoROwer fatis to respond to Lender wtthin 30 days atter tne aate the noiice is given. i.en�r+ p amu�a�..>...�-�.�-—.— � ,
<br /> �..
<br /> • appy the proceeds,at fts opUon, either to restoraUon or repair of the PropeAy or to the sums seeured by tAfs Searpity[Qestrur�ec�t.whether �
<br /> or not then due. '
<br /> Unless Lender and BoROwer othetwlse agree In wriUng, eny appllcaUon of proceeda to pfindpai sheA not extend u postpone the due � ' • .
<br /> date of the monthly payments►eter►ed to in paragrepha 1 and 2 or change the amount oi such peyments. �4 � ��
<br /> . 11. Borrower Not RelesQed: Forbeara�e�ce By Lender Not a lBfAie►er. Extenslon ot the Wne tor payment or 'i ,, '� �{ �
<br /> modiflcaUon ot amortizatlon oi the aums secured by thts Secu►ity instrument granted by Lender to any succeasor in InYerest of Botrower ahall I , t��;': -0
<br /> ' ' not operete to reiease the llabiltty ot the origlnat Bortower or Boaowers successors in interest. Lender ahali not be requlred to commenee !� '.'
<br /> proceadinga agafnst any succeasor in intereat or refuse to extend Ume for payment or othervvise modtty amortlZeHon of the sums secured by , �
<br /> • this Securily Inatrument by reason ot any demand made by the o�iginal Bortower or 9oROwera successore in interest Any torbearance by � ,{ �
<br /> Londer in exerdaing eny�fght or remedy shail no2 be a waiver of or prec�ude the exerdse ot any dght or�nedy. . 4
<br /> 12. Suocessore and Asstgns Bound; JoiM and Severat Llabllity; Co-signers. The covenants and agre�nents ot � „ ,�;;��
<br /> thia Secutity InsWment shall bind and benefit the successors and assigns of Lender and BoROwer, subject to the provisions ot paragreph ••,;,�»�'
<br /> 1 . 7����
<br /> ' 17. Borrower's covenants and egreements shail be jofnt and several. My Borrower who co-signs this Security InsWment but does not �� ;' y.:�;� .
<br /> execute the Note: (a)is casigning ihis Secwity �nstrument oniy to mortgage,grant,and convey that Bormwer's interest N the P�operty under �i ., , '�:'1�
<br /> the terms of thls Seauity instrument; (b)Is not personaly obligated to pay the sums secured by this Seeurity Instrument;end(c)agrees that �. . . � ':;:::��.,
<br /> Lender and any other Bortower may agree to extend, modHy. forbear or make any accommodatlons with regard to terms of this Securtty , �`�,,��:•;-.
<br /> � ,�:�r )
<br /> �nsWment or the Note wfthout that Borrower's consent. ""�-
<br /> 93. Loan Che�ge8. If the loan secured by this Security instrument 1s subJect to a law which sets meximum loan charges.and that z t
<br /> iaw is ftnaqy Interpreted so that the Interest or other ioen charges coliected or to be coliected in connection wYth the loan exceed the n ,.
<br /> � ,, ;,i pe�nitted limits.tfimn; (a)any such loan charges ahati be reduced by the amount necessary to reduce the charge to the permitted Iimtt; and ; .. ;
<br /> � ''i (b)any sums afr¢ady coliected from Bortower which exceeded permitted Ilmits wil be refunded to Borrower. Lender may choose to make �;'; '
<br /> � this refund by redudng the princtpai owed under ihe Note or by making a direct payment to Bortower. If a retund reduces prindpai, the ,
<br /> �„� reductlon wiil be treated as a partialCprepayment wRhout any prepayment charge under the Note.
<br /> 14. MOtIC@8. My notice to 8ortower provided for in ihis Security Instrument shall be given by delivering ft or by mailing it by first .
<br /> ' � dass mail uniess appllcabie law requires use of another melhod. The notice shali be directed to the Property Address or any other address
<br /> Bortower desfgnates by noUce to Lender. My notice to Lender shali be given by first ciass mail to Lender's address stated hereln or any • .
<br /> ' other address Lender designates by notice to BoT�wer. My notice provided tor in this Securily Instrumeret s�all be deemed to heve been
<br /> ' given to Borrower or Lender when given as provided in this paragraph. "
<br /> '� � 15. Governing Lae�w, ��verability. This Securdy t�strument shall be govemed by federal !aw and ihe Iaw of the ;u�sdiction in
<br /> . , , . , �� which the Property is located. I:� tre event that any provision o- cwuse of this Security Instruerer.t or 2he Paoie conflicts witn anpliCabie law.
<br /> ' ` � such conflict shail not affect otner provisions o' 2his Secun►y Inatrument or tne Note which can be given eitect wRhout the conflictlng �
<br /> � '�� provision. To this¢nd the provisions of th�s Security Instrument and the Note arP declared to be severaGCe
<br /> .' �
<br /> • • 16. �mff+�sSn�mP'8 COpy. Bortower shatl De given ane con!ormed copy of the Note an�04 this Sewrity msWment.
<br /> 17.Trans4er of tho P��ga�rQy or a BeneficiaE OreQ�eo�st in Borrower. it ae�o�any part oi cne Property o�any interest in s
<br /> � .. � it is sold or transfetted (or if a Cs�rzfldai interest in Borrower ;s sold or transterred and �oraWer Is not a natural persan)v,rtBout Lender's
<br /> • prior written consent, Lender may. at fts option. require immediate payment in fuA ot all sums secured by this 5ecurtry msvumenc. nowever.
<br /> this option sha[I rtet tse exetcised by Lender if exercise is prohibded by fed2ral taw as of the date of this SECUrity Instrument.
<br /> . H lender excroises this optlon. Lender sP�afl give Bor►ower notice of acceteralion. The notice shall provrde a periad of not less than 3Q
<br /> , days irom the date the nouce is deiivered or ma�led wrthm which the Bonower must pay ali sums securc�d by ihfs Security InsVUrrtent N '
<br /> ,i I Bortower fails to pay these sums pri�r to the exp�raLOn of th�s penod. Lender mey invoke any remedies pErrnrtted by th�s Securtry Insttument
<br /> jwithout iurth�notice or demarta on Borrower-
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