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<br /> �� • '�. p�ot�atfon of LAndee'A iilghts In the Properly. it 8arrower te(Is to perfortn the covenants end sgreements contatned tn -, -
<br /> � tbio Socurhy inewmnnt,or thero ts a tugal procctuding that may eigniflcanty �fioat Lender's�ighte in the PropeAy (suah as a procesdtng tn . _
<br /> cu ,
<br /> , bnniwptay,probato,for condomnnUon or toAclturo ar to enforce Inwa or reput�Uons),then tender mey do and pay for whstever ie noaeaaury
<br /> � �• to,proteot the vnluq ot the Propariyr and Lender's dghte in the Property. Lendar's eoUona may Include paytng any auma seaured by a Ilen �� .
<br /> . wh�oh has pdodry ovar this 8ewrlty Instrument, eppearing in court, paytng reusoneWe aKomey's fees and entedng on the Property to make . ��—
<br /> � �.� ,' � repnim. Nthough Lender may tako aatlon under this paregreph 7,Lende►doos not havo to do so. ., � .s;
<br /> Ac�y amounts disburevd by Lender under thie►paragraph 7 shall become addlUonal debt of 8orrower secured by 4hia Sscurtty instrumon� „ ' n
<br /> �� . Untees Bortowe►end Lender agree to other terma of payment,theae amounts ahaU bear interest irom the date ot dlsbursement at the Not� �
<br /> � rate and ahall be payablo, wRh tntereu4,upon noUae irom Lender to 8orrower requQSUng payment. � ,�
<br /> � ` 8. MoRgage t�surance. B Lende►rer�ubed mortgaBe insurance as a condition of making the loen secured by thls SECUrity ( '
<br /> ' In�rument, 8orrower ehali pay the premiums required to mainteln the mortgage Insurence(n eHeot. N,for any reason,the moRgage Insurence E _
<br /> coverage ntquired by Lend�r tepses or eeases to ba ir. eHect, BoROwer ahali pay thm premiums requtred to �btain caverage aubscantiaiy f .._ .__-
<br /> � equhralent to the moRgage tnaurenco proriousy in etfect,at a cost substentlally ecyuNaient to the cost to Borrawer of the mortgage fnsurance ��
<br /> ' provlousy tn effeat,trom an eftemate mortgage insurer epproved by Lender. II substantiaNy equNatent mortgage Insurance coverage ia not
<br /> . . avNlable, Borrower shali pay W Lendor each montb a sum equal to onatwelrth of tbe yesrty mortgag�Insurance premium behg pald by
<br /> ' Borrower when the inaurr�+nce coveraga lapsed or ceased to be tn eHeet. Lend�r wili axept, use and reteln these payments as e loss
<br /> reserve In Ileu oi moRgago insura+nce. Losa raserve payments may no bnger b�requtred, at the opUon of Lender, M mortgage insurance
<br /> coverage Qr►the amount and tor the p+sdod lhat lend�r raqulros)provided by en tnaurer approved by lender agatn becomes avaNabie and is
<br /> obtained. Borrower shail psy the prert!tums required to maintain mortgage insurance In effect, or to provlde a Iosa reaenre, untli the •
<br /> • .�requirement for mortgage tnsurance ends in axord3nce wfth any written agreement between Borrower and Lender or applicamle taw• t,�;t.�.,°
<br /> 9. Ip8p8Cti0tl. Lender or tts agent may make reasonabie endies upon and InapecUons of the Property. l.ender ehali ghe Bortower `�"`�"
<br /> notice at the�tme of or prior to an InspecUon speclying reasonable cause for the inspection. �','�il,:�.
<br /> , 1 O. ConelemA�8t10li. The proeeeda oi any awarti or eiaim for damagea, direct or consequenUel, in connection wlth eny , ,.:�k�`,F}
<br /> �� oondamneUon or other mWng oY any pert nt the Propedy, or for convgyance in Ileu d condemnadon,are hereby assigned and ahall be paid � �� • ,��
<br /> � ta Lender. �����t�
<br /> {':z��ii,.
<br /> In the event of a totat tak(ng of the Property,the proceeds shalt be appilad to the sums aecured by this Securily Inatrument,whether or ,.
<br /> _ � `:;::±b;-,.-
<br /> ' not lhen due,w(th any wccess paid to BoROwer. In the event of a partial taking ot the Property in which lhe talr madcet value of the Propetiy � ����-��hr=:
<br /> n:i'f;s::�q•.�
<br /> immadlatey batore the teWng is equai to or greater then the amount of the sums seeured by thla Securiry Instrument immedfatery before the <<�;,.,�.�,
<br /> taidng, untess Borrower and Lender otherwise agrea in w�Ftlng, tho sums secured by this Secutity Instrument shail be reduced by the emount .,
<br /> of the proceeds muidplied by thg foAowinq fracHon:(a)the toal artaount ot the aums eecured immediatety bafore the taWng, divided by(b)the . �
<br /> ' fair market value oi the Property immedletety before the taWng. My balenee shaN be paid to Bortower. In the event ot a partiai teking of the � ,.,.
<br /> Property in which ihe talr madcet veluA ot the Property knmedietely betore the taking le lesa than the amount of the sums secured immedtately = �.� :,��
<br /> 0 before the tatdng, untesa Borcower and Lende�otherwlse agree in wtiiing or uniess applicable Isw otherwlse provfdes, the proceads ehall be �'?�'-��
<br /> appiled to the sums secured by this 3e�xirity�nstrument whether or not the sums ere then due. „ 'Yl� �
<br /> , � �'�
<br /> � if the Property is abandoned by Borrower,or Y, after noUce by Lender to Borrawer that the condemnor ofters to mako an awerd or setUe — �
<br /> �' a da(m for damagea, Borrower iada to respond to Lender wiinin 3a daya aRcK iiie ci�ite iite ao8ca Is givss�,tcn�es fs essit:^d'QC to collect en!� _.__ _. .
<br /> eppy the proceeds, at its'opdon,etther to rea2oraUon or repair of the Property o�to the sums secured by this Secutity lnstrument, wheth� • �
<br /> or noi then due. �� �'; Y
<br /> Unless lender and Borrower otherwise agree in writtng, any applicaUon o1 proeeeds to prindpa� shalt not extend or postpone the due �. , , .,� !
<br /> <;;�.,-,
<br /> date of the monthly payments referted to in paragrepha t and 2 or chenge the amount of such payments. �. � ''
<br /> 11. Borrower Not Reteased: Forbearance By lsnder Not a Weiver. Extension ot the tlme 9or payment or "`•:;;��� • ;
<br /> modHicatlon ot amortizatlon of the sums serxued by this Security Instrument granted by Lender to any succossor in Interest of Borrower shad .;~�+,'�
<br /> not operate to reiease 1he IlabliNy of the originat Borrower or Borrower's successoro in Interest. Lender shail not be required to eommence l��
<br /> . proceedings against any successor in interest or refuse to extend tlme tor payment or othervviae modiy amortizetlon ot the sums secured by � '` �t
<br /> � tfiis Security Instrument by reasan of any demand made by ihe origlnal Borrower or Bortower s successors In interes4 My torbearance by
<br /> Lender in exercising any right or remedy shap eot be a waNer o}ar preclude the exerdse of any dght or remedy. ' !"
<br /> 12. Successors and Assigns Bound; Joir�!and Severat 4.tability; Co-signers. me covenants and agreements ot ; ,..'.,�,�
<br /> this 3ecurity Inatrument sheN bfnd and benefit the successors and assigns ot Lender and Borrower, subJeat to the provisians ot paragreph � ,: ���:
<br /> � ',�;.g 17. Borrower's covenants and agreements shaU be Joint and several. My 8ortower who co-signs this Security InsUument but doea not � " �;+,'�i"'"
<br /> ; ,. � ' ��,�}��
<br /> • ;��I'�,. . �,.ti` executa the Note: (a) is eo-signing this Security Instrument oniy to mortgage, g�ant,end convey that Borrower's inieres2 In the Property under
<br /> � fhe tertns of this Security Inetrument; (b)is not personaly obligated to pay the sums secured by this Sewrity�nstrument;and (o)agrees that � ,�t.; ,•,
<br /> ��� Lender and any other Borrower may agree to extend,modily, forbear or make any eccomnodaUons wfth regard to te►ms of this 3ecurity �
<br /> lnstrument or the Note without that Borrower's consent. '
<br /> � 13. Loan Charges. ii the toan seared by this Securiry Instrument is subject to a Iaw which sets maximum Ioan charges,and that �'�"''�
<br /> '�,•:? law is finatly (nterpreted so thet the interest or other Ioan cherges coAected or to be caliected in connectlon wKh the Ioan exceed the ,
<br /> pertnitted IimRs, then; (e) any such loan charges shall be reduced by the amount necessary to reduce tfie ei�arge to the�ertnitted Ilmit;and
<br /> (b) any sums etready coliected from Borrower which exceeded permttted Itmks wiW be retunded to Borrower. Lender may choose to make
<br /> �.! this retund by reducing the princlpai owed under the Note o�by making a drect peyment to 8orrower. i+a refund reduces prhdpal, the
<br /> ���t reduction will be treated as a part(ai prepayment without any prepayment charge under the Note.
<br /> 14. Notices. My notice to Bortower provided tor in lhis Securiry Instrument shall be given by d�livering k or by mailing ft by first
<br /> class mail uniess applicable law requires use of another method. The�oUce shatt be dL scted to the Property Address or any other address
<br /> Bortower designates by notice to Lender. My notice to lender shaA be given by frst cless meil to Lender's address stated hereln or eny _
<br /> other address Lender designetes by nollce to Borrower. My�otice provided tor in this Security Instrument ahali be deemed to have been
<br /> � given to 8ortower or Lender when gNen as provided in this paragraph.
<br /> �y 15. GOVAO'uling LSw; SeverBbility. This Securiry Instrument shall be govemed by tederai law and the Iaw of th�Jurisdiction in
<br /> � which the Property is�ocated. 1�the event that any provision or ciause of this Sewrity Instrument or the Note conflicts with applicable law.
<br /> such conflfct shel not attect other provisfons of this Security fnstcument or the Note which can be given effect without the conflicting
<br /> provtslon. To this end the provisions of this Secuiity Instrument and the Note are dedared to be severabie.
<br /> 16. BOrr01tl8�'8 COpy. Borrower shal{be gNen ane contotmed copy ot the Note and ot this Secu+ity Instrument.
<br /> 17. Transfer of the Propertyt or a Beneficial Interest irt �r�ower. �t att or any part ot tne Propeity or any interest h
<br /> it is soid or translerted (or it a beneftdai (nterest in Borrower is sotd or transterred and Borrower is not a natural person) wRhout Lender's
<br /> � . . "'..__� .....0
<br /> _ n_�...n..t..��..........� u.....e..e.
<br /> pnor wrrtcen consenc. LEK1aCf may.8t il5 OpUOn. require immediaie payma�i in iun a an auiii5 aaw�ea u� •n�o...o..�...y �................. .............
<br /> thls optlon shell not ba exerdsed by Lender if exercise is prohibited by tederei law as of the date ot thls Security Instrument.
<br /> It Lender exerdses thls option, Lender shalt give Borrower notice ot acceleration. The�otice shall provide a period of not less than 30
<br /> Idays from the dete the notice is delivered or meAed wRhin which the Borrowc� must pay alI sums secured by this Securfty Instrument. If
<br /> Bortawer tails to pay these sums prior to the explratfon of this pedod, Lender may Nvoke sny remedies permitted by this Securiry tnstrument
<br /> wtthout turther�otice or demand on Barrower.
<br /> P�qC J ol S Form 7028 990
<br /> F1029 LA1G<df9a)
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<br /> � tt793t-t48
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