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Rr�t��tlan df l.�t�dvr'� Rlyh4e In th• t�rop�rty. !I Borrower(s!!s to pedflrm ihe caveoanta and aQre:mente cananlnr.d In thl� _ <br /> J:cvriry in�irurt�ent. or thero Is n lepal pror,eed:n� thal rnay olgnlilcantly nf�cct I.endcr'o rl�hta hi iho Prnp�rty (such na n proceadin� In 6. <br /> Gank,vntCy, probdte,tor conclemnntlon or(ur�e�turo or�o e��torco lav�a or rcpulatlons), ihcn Lcnd�v m�y t!o nnd Pe f oums oo;.urednhc c+ 1 en � - <br /> la proiuc2 thn ve"ue o1 tha Proper4y and Lcndm'e dpMa .n tl�e� Propcdy. Lender'a acti4ne may Inciuda pnylnq ny Y _ <br /> wh".r,h haa pdoriry over th'H 9ar.utitty m�trument, eppe�iinp i+� ��s��, pwy��sfl rsasonn�!e;!terne,'s fppA pnd antednn on tho FropcwN to mako <br /> rflpalro. A4l�ot+ph l.endzr r�4�Y,t.rk,a action undr.z thls p�rn{�ro�h '/,LenAer doea not hnvo to dA oo. - <br /> Aisy an�untu dlaburc�d Ny L»nder under lhls p�npruph 7 ahall becomn Additlonwl debt o1 Qortower secured by thle Securlty Insirurnent. — <br /> UnEr.3s Ll�rrowet and Lzndes uprod to othnr toims o1 peyment, these amounte ahall bear Intcxest ir�m t1�B d�te o} dlsbureeenent et the Note <br /> reto ancl ahall be pwyable,with Interest, upon notice trom Lender to Fiorrowa requastinp payment. ` <br /> B. M�It(��g� (niuP�llCO. If Lender requlred mortpage Insunnca sa � candltlon o} m�klnp the lo�n eecurod by thls 8ocurity <br /> Inatn�ment, Banpwer eNall pay tha premluma required to matntaln the m.artgapo Inau�•ance In etlect. If,tor eny reaeon,tlie martgage Inaurnnce <br /> coverag�+ rnqufr,nd by Lender lapaes or ceafle» to b9 In eflect, Borrower ehall pny tNo praniluma requlrad to obtaln covor�ge eubatantlaYy <br /> equNatFi�t ta ttin mortgage Ineurance prevlousy ln oftect, at e cost aubstAnllnity equivelent to tlia coat to Bo�rower ot the mortflage Incurnnca <br /> pravlourly In c�lit�t, irom en eltomate mortgep9 Ineurer epprovod by Lcrndnr. l} sutratsntlrity equlv9fent martqaqe Innuranaa coveragA Is not <br /> av:�V��lil�, 9orrnwer ahall pay to Lix�dnr eauh month 4 aum equnl to onatwa4fth of thn yeady maitg�ge Insumnco prcmlum u�ln{� peld by <br /> 8o:sawar �vhem the Insurance coirornpe lapnad or ce�sed to bn In eNeot. Lc�ndAr wNl accepf. uno and retain theae psymanta us e lana <br /> re83a'fl ic� d�trr, ut mort9age Inaurnnce. Loafl reserve paymentm m�y n� longer be required, at thr� optlan ot Londor, II mortg�fle (nsurnnco <br /> c�t rrn�a t:i�tMe amount end tor the pedod thEri Londer�equ�re�)provid�d by nn insurer approvod by Lender apnln becomes eveilablo und Is <br /> abtsic.ed. 6otrower shall pay the premfums requfrzd to malnlain moreyRe�, Inaurnnce In oNoct, or to provldo a loas reserve. un10 tht� <br /> rp7.il�ement far mertgage Inaurance ends In accordanca wfth 3ny wtitten agreement beriveon Borrowflr and Lender or applicable law. <br /> 9. 1118�T�Ctles�t. Lender ar Ite s�nnt may mwke r4asonahla ontries upon end Inapectlons at ihe Property Lnnder ehall Ilva Borrower <br /> notice at tha ttn,e ot or prlor to an Ins�ect{on specliying renso�nbte cauae for the InspeMlon. <br /> 1Ql. CQ�cd�IT�Q1a4IQf1. 7he praceeds ot nny awerd or cklm ior damages, direot or eons�quenttel, In connectlon w(th �ny <br /> c.ndemt:alio;� br other taking of sny part of tho Property, or tor convbyanco In Ileu o}aondomnstlon, aro hereby assi�ned and nhall be peid <br /> qn L�ndt�'. <br /> !r.�he event �f n tntnl takinn o1 the PtopetiV.tho urtocoetie ahall be eppl!od to tha aums secured by thls �ec�erriy Instrument,whether or _ <br /> aaY then cfuo,wrih any excase pald to bonower.In the evem o}e pertlal t�Wng of tfie�Property In whlch the talr mattcet vAlua of lhe Property <br /> immedta4eiy �uefore the taking Is equai to or greater then tho amount oi the aums secureJ by tl�Is Securtry Inatrumen4 Immediately beloro thd <br /> taking, unlesa Borrower end Lender othawise Rgree In wttt(ng,the suma seoured by thls Security instrument shell ke reduce�i by tt�n emount <br /> of the proceeds multiplled by the followinp fractton: (e)the total amount th¢ot eums socurod immedlAteiy 6atore tne taking, dhrided hy(b)the <br /> fR!r maAcet vslue of the Pr�perty Immedtataiy before the tnkkag. My batance shall be paid to Borrower.In the event ot� partkl lakMg of Ihe <br /> ProFerty In whlch the talr madcet vaiue ol the Property Immedtately befor�the tekJng Is loss thnn tha emount ot tho sums secured Imm4di�tey <br /> betnre thd t9kna. unless 13ortower end Lender olhc3nviaa agree hi wdt,ng or unless eppllcflble law othervvise provtdes, tha proceeds ahaN be <br /> ipplled tci tha suma secured by thla Security inst�ument wnother or noi i6e sumn wc i„zn�a. <br /> It thn Froporty Is ebandoned by Barrower, or it,after notice by Lender to 8onower that the conclomnor oHers to r►us:e an aw�rd or settle <br /> a elekn(or damages, Borrower fa{Is to respond to I�endcrr wtihi+i 30 daya uiter the d�►te tha notice Is gNen,Lender la aulhorlxod to aauact end <br /> ep�y iha proqeeda, at Its optlon, eithw to reatnration or repafr of the Property or to tha eums securod°by this Securky�nstrun}e+�t,whelher <br /> or not Uien duo. <br /> Unkas l.endcr and Borrower otherwlae epree [n writlnp, eny eppNcctlon o1 proceedo Ya princlpal shall not extend or postpone the d��e <br /> date ot tt�e mont8y peyments reterred t�In puruyr�pha 1 and 2 or chenge the�mount at�tuoh paymeots. <br /> 11, Bmvr�war Nat R�I�a�d: �orb�a�+u�c�8Y und�r Nat� W�Iv�r. Extonston ot tha time tor payment or modlflcetlon <br /> ot�mortlutitin of the auma secured�y thls Security Inetrument gnmted by Lender to eny successor io intaeal ot Bortower ah�ll not op�nt� <br /> to releaae the WbHity ol ths origfnd Bortower or Bortower'o succassors In fnterest. Lender shell not be raqulrod to commence prace�ge <br /> agtJnst eny 3uccessor In t�terest or rMuse to oxtend Um�tor pnyment or othawise modity unortlzetion o1 the sum�sec�ared by this Secvrity <br /> Inalniment by reason o} sny �wnend rrMdo by thA original Bo�rower or Borrower'a succossore In Interest. My forbeeronce by 4ender in <br /> �.Kerclsinp�n1��flht or remedy ahnN nat aa s walver ol or preclude the exerciae o1�ny ripht or romeKty. <br /> 12. SuCSassors �nd /1asl�na Bound; Jolnt and 3avoral Ue�bllity; Co-sl�rs. Th0 COV�fl�f1�6 �na agr�aemente ot <br /> thfs Secuiity Inetfums�t►i sAn1f t�ind�r�d banoilt the aucceasoro end ass{gns ot Lendor an�8�nower, t�ub)ect to the provfatais ef ptirai�raph• <br /> 17. Borrower'o covenar,la.ond agre6nienls eheli be joini and severet. My 8ortower tivrio co•styns this SncurNy Inttrument but doee not <br /> execute the Note: p)le caslpnfnQ thts Secudty Instrum�ent c+ny to mortgege, grent,�nd canvoy thet Borravrer'n Interest In the PropatY under <br /> the terms of thls Sacurtty tnetniment; (U)i�not person�lly obNg�ted to pay the suma s�tcul'ed by tt►h SeCUrky In�Uument; snd(c)ayross that <br />- Lender end rny other BoROwer m�y Ngrso to extend, modHy,torbear or'make any aaoammodeilona w8h reyvd to�lertns ot thls Securtty <br /> Inatrument or the Note without th�t Bn►rwverb conaent. <br /> � � '13. Losn Char��. INhe loa�secured by Ihis Socuriry InsUument is sub)ect to a I�w whlr,h aets maxfmum Io+in charpes,and th�t <br /> ' I,iw Is ffnaNy Interpreted �o 'that tho Interust or other loan cherge� coWeated or to bo aoAected In connecUon wNh the loan exceai the <br /> pertnitted Nm?ta,then; (�) any suah lofln chargea�hoH be reduced by the amount necessary to reduce !he chupe to the pem�itted Nmit:and <br /> (b)eny sumr��akeady cdlar.ted irem 8orrower which exceeded pem�tttad�llmfts will b� tetunded to Borrowa. Lender may chaose to mnke <br /> thle refund ay reduang 7ha prUidpal owfld under the Note ar by ma�king a dkect sayment to BotroH•er. I} a relund reducaa prMdps6 tho <br /> �eduetion wiM be trca;cd sa t��parlM�propayment without a►ry prepsyment chargo unAer 1ha Netd. <br /> 1A. NOtIC�s. My no4lao to Burcower pravidad tor In lhta Securiry InsUUment ohaA bo gNen by deliveifi�y it ur by malling k by first <br /> cl�ss tnaii unirss eppLcabfe{aw roqu�ec 1�se ot nnother method, The notico ahafl be 6lreoted to tho Property Addrese or any oinor qdckea� <br /> Bortower drsignatos by notite to l.endor. �lny notica to Lrx�der shall bo givon by firet class +tu�SS 2c+ Lendor'a eddross oWtod horein or any <br /> othor address Londor des3�jnMea by no�lfao to Bortowef. Any nollce provkic3 ior in ie�is S�wuriiy iiia2n+n�;�i s�a� b:,d��n�d tc:fiavc b� <br /> gtven to BoROwer or lencler whm gtve+t as provided in thls pangr�(+h. <br /> 15. �ovorning l.�W; S�vorabiltty. 7h1�Security Instrwnent she►V Ao govsmod by tedoral taw and 4ha Ww ot tha jurisdiation In <br /> . which the P�opaty is locnted. In thd c.�nt ihat any provlalon or cl�u�e of this Socuriry InsWrrtm't mr ihe Note eotAiicts wFh eppNcnt►fe law, <br /> such conikcl shul not �ffect other piasislon� oi Ihls Securiry InsUvmmt or tho M1lote whlct� car� be givon ettect wtthout thE�anNcting <br /> prorislon. To ihts end tho provislons ot tNis Sacuriry InsUument and the Note are dedared to 6e aeveruble. <br /> _uy�.�..I�MV � v:lu Inatn�nwn4 <br /> 16.BOffdlYYf'S 5�.0¢�►. 6oROweT 9118ti bo giren ono wnivrirma'�vFi�.n:..o..�.a a..,........�..---_, ...___.._... <br /> 1a.Tr�asi�r o4 Aho Prop�rtyl or a am�ttatal Int�r�at In Bor�o�r• II nll or ony pert of tho Property or any lnterest in <br /> lt I9 sold or Vanstemed (or ti s beneftcial Interest In Bvrtower Is sold or trensterrod and BoROwEr Is not n nHtural persun) withaut LendPr's <br /> pilor wrNten consent, LArider may,et R� optlon,r�fqufre knmediato paymmt In fua of aA sums accuret7 hy thls 3ccurNy InsWmerA.Ftowever, <br /> lNa opUon ahn�not be oxerdsod by Lon�K M ex�clee le prohibfted by tederal Inw as ot the date af thls Sucurity InaWmen�. <br /> If 4ender exercrc:ise�thls optlon, 4ender shal! Bke Borrower notice ot accelanUon.7he notice shaM prov�do a�eriod ot not lese than �0 <br /> days tram the date thn noUce I� dNNared or malkd wiihin which tho Bortower must pby aN swns ser�rvd by thls Security Instrument. II <br /> HoROwer t�Ne to pny lhese suma p�lor ta the a.xpirnUon of thla pmiod,lc�rider may fnvoke any remedRes pcKmltted by this Se�cairiiy Instrumenl <br /> - wlthout Nrther noUce or demand on �oonwer. <br /> fcnn:U20 9/°0 <br /> �'10(YJ.th10(0/91) Payo 3 0l 5 <br /> �J7120 <br /> R! <br />