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�� , -•� �"=:.-=.�;�';---=-_ � .. . �. ....a;.�+i�4bi�dM�._: ,�.�M�+r, f - — ' BorrowK nwy cur�wch � d�uq �nd rrnilal�, aa pror•W�c1 in puayraph 1B, by causlny th� �ction or proc�inq to be dismlase� wkh � ru�n�tAat.In l��drs'a��at1 hlth d�ts!r+�h+�tlon.prxxNecfM lorf«Iwe of Ih�Bartow�r'a ini�+�t fn fh�Prpp�Ay a olh�r mat�+i�l knp,aYm�nl o�!h�liin crwf�d by thls Sacurity Inslru�nM�t or L�ndw s s�CUrity fntr�at HorrowK aAal1 atso b��n ` d�fault it Borrowr.du►fnq tho loan appticauan procau. yav� matwWy hts�a Inaccunta hlornyllan at�tat,rrw�ti to L�ndr+'(or = tWl�d to provkf+ L�nrl�w�h any mat�rW Inlomwtfon) in conn�cfbn wqh th� loan wid�nc�d by th� Nat�, hclurtinq. but not = NmqCd to. npr�sm411:ons Conc�miny narowa'• accup��y ui iii� Fiuµ�iy ry M N�w�cipri w�i�iwwr. ii ii�w S�.wiiy �;. In�tnunM�t k on a baaahold. Borroww ahall comply wqh �JI th� provltlons ot th� haso. If Borroww�cquins IN tiUr W ttu � _ Prop�riy. iA�le�aehdd ��d Ih� Iw liii�ah�q nol m�rg+ur�o IM�Jw�qi�to lho nury�x Gi w�iG�g. � 7. ProtiClion of Land�r'� Rlyttits It1 EtN Ptaparty. It Borrow��r ta;l; ta paAarm ths cov�nantc and aptawnents � �- contakiod in ihls �curiiy insi�wnwit, w [h�n is � wyrt Fuucfw�ry t��t i�Ny sI¢nlflt�r�Uy MttaG1 L�GrYs riyl�ta G� the Frope�y - (wch�s •proca�ding In bankruptcy, probat�.tw cond�tlon or forl�ttur�a to �ntoro�I�ws or rpuatians),th�n Undr may � _ do uid�y tor whalever ia n�c:esury�o protwct tle viiuo ui t��R��wid Lwui�r'� �hts in tho Propa-ty. Lendar's octia�c � G•. may inciud� payiny any sums s�cur�d by a Y�n which lua prlorily ov�r thb S�wrltY Instrummt, apP�ariny In court. WY�9 nasonabta�ttomayi feas and entwiny on the PropKty to m�ke rapairo. Nthouyh Lender rt►�y take action under this puasraph = 7,Londer does no1 have to do so. �� :`. Any simounts disbursed by Lender under parayrwh 7 ahaU bacome additional debt oi Bortower secured by this Secunty � _ Instrumant. Unlass Bc++roww and Lander ayrw to othix terms ot payment, these amounts shall bear interest hom the date oi ` dwlwr:wr►ent at tho Nota rate and ahaA be payahk,with tnterest,upon noUce frum Lender to Bortowx reyuesting payment. -. a. Matga�� Insu►ance. If Lender requksd matgage Insuroncri os a co�ciition ot making tha bu+ s�curad by this � 5o.;.�riqq fnstrumenl,Borrower stwtl pay the premfums requlred to makita4i tha mortyage insurar.;.a in effoct :f.1cr any reasm, tha � moRgitpz 3ns;�:a�zce rAVarage roquhx! by Landar lapsas w ceasas W te w-+ etixct. 6c.�awec shs7 WY thQ•a�r.rums reG;.ir:i', oDtair� cotiara�e x„�stAntial.y e.�:ii�alw�t to tn�mortg�ge fras:�ax�p.�:a:s'�� eHact �t a cost substantwJy equlva{ent;� the _ c.�st ta Borrowx ot the mort9aqe tnsurance pra�iausy in e;fa..t, hom an attwnata mortgage Insurer ap�sroved by Lander. If - substantially equivalent mortysye insur�nce coverape Is not avai�ble, Bwroww shsW pay to Lendar each monih a s►un equal to - onrtwdith o1 the yearty mortgayo fnwranco premlum halnp pald by Borrowx wh�n the lnwrance covenya tapa�d w cwsad to � be in ef(ect. Lendu will accspt, use and retaki these payments as � bss nswv� in lieu of mortgaye Insuranc�. Lws reserve paym�nts may no lon�x b�r�quired. at tha optlon oi L�nd�►,if ma¢Say�inswsnc�coverxqe (in th�amou�t and tor tha p�d — th�t Lend�r r�qukey)p�ovld�d Cy tn in�unr �pprov�d by L�nd�r �yaln b�comss availaW��nd N obtaln�d. Bonowx sh�lt paY , th� prwr�fuma nqulnd to m�k►tak�moApaQ�fnwranc� k►Nl�d. or to provld�� bs� ruwv�, unw t1►�rpukwnrq lar matpa� fnuuancl �ndr h �CCOrdu►a with�ny writt�n�qrNn»t►t b�twNn Bortowor�rtd Lr.d�r or�ppYcaWa law. 9. lnspaction. �.nd.r «q�.qant rt�y mak•r.a•onabNr.naia upon.na Imp�ctar►s a�na Prop�ty. l�,d«sn�11 qnr• 8arowK nWla Rf the IMn�o! o�pno►to an h�p�cUon sp�eNylnp rwwon�bN caua�lor tM Nsp�ctlon. 1Q. COi{d�tllt�lOi1. TM procNd� of any�wwd or c1W»b►drmcpM. dirYC1 a co�Nqu�nWl, in conn�ctlon wqh ony o«�d.�,.uo� a ou,.. � a.�y wn a u,. �►op«ey, or lor eonwyrnu h wu of eond�nxutlon. u� Mnby �ulpnl4 and snw b�paw a t«,d�+. M th� w�nt ol a toW W�Y►p ot 1M Roputy, tM procMds shail (o� �pp9�d to tA� wm� s�cw�d by thb S�cwity Iniwm�ni.whdh�r or not than dw, wqh any�caass pald W Bortow�r. tr�t1►�w�nt of�pan�l W�k►9 ot th�Prop�ty fr.whkh tM t�k nwkN valw ot th�Propaly Mnrt►�liatNy bNon th� t�kM�� b �ul to or qtMt�than tM amount of lh�sums s�cund by thl� S�curlry Inttrummt lnxn�di�tay b�fow tha taklny, unl�ss B«row�r ar�d L�nci�r othwwlss aqrM in wriWnp. tM sumc s�auW by thk S�u+r'stY Instrumrnt shap ba nduud bY tha amow�t ot ths procNds rtw4ip6�d Dy tM toYOwkiq iracUa+: (a) th� toW amount ot tM wn+a s�u�d Nwr+�liatdy belon th�taklnfl, divld�d by(b) tt►�falr rtwicd v�lu�01 the Prop�ty Imrtwdiat�ty belon the takh9. My bwnc� ahall b�paid To Borrower.In the avmt o1 a partid taWn9 of th�Propwty h wh{ch tF►�iw rnarkrR value ol th�property immsdictey bNore th�takk�y is bsa than th�amount of th� wms s�cur�d kr+rwdiatMy beton the taking, unfesa Borrawar �nd Lendr otherwisa agrea in wridny or unl�ss appNcabl� Iaw oihuwis� provldas. the proceeds shdl ba - aooVd to tlN wrti saar�d bv thk S�axiN Instrunw►t whdhar or not th�wms w th�t►dw. 1f the Pra�rly Is sbas+dor�sd by 8orrowor.or d,altex notko by Londor to Barrowsr that tho cxindarmar o!!rr to r.ske sn . - award or sstde • claim ta damapes. Borrow�r fails to respond to Lender within 90 days after the date the notice is qiven. Le��ir wthoriZed to coN�ci and appy the proceedc, at its optlon, atMr to r�storation or�epair ot the Prop�ty or W tM s�as aecex�d by thl� Security tnsWment,wh�ther or not then due. ' Unbss Lenda and Borrowa othaWrise ayree h wrif�. �ny appYcatlon o1 proceeds to princfpa� sh�M nol extend w ` p�ono th�dur d�t�o}the monthy payrtients roferred to fn pangraphs t and 2 or chanQe th�amaunt ot wch paym�nts. 11. Bor�r Not R�Mas�d; Forb�aranc� By L�nat�r Not a Wsiv�r.Ex�ensto+� ot th.trne for p.y�aent w , nadlicatb�of�aUon of tt�e wms ssaued by thts S�cuci[y instrum�nt gnntsd by Lender to any successor in kitrrost oi Exrower sh�Y not operats to r�leatse th� liabifity o1 the originat 8orrower o►Ba�rrower's wcc�ssors In irderest. Lender shffl not ta required to oonntiaica procwdings �yalnst any succsssor in fntrsst w refus� to uRend tYrw tor paymart or othuwise modity amaUzatlon ot the wms securad by thls Security Instrument by reason of any danw►d m�d�by th�oriqinal Borrowar or Barow�r's wccessor� fn interest. My torbwanca by Und�r in exrcishp any tiyht or ntnnty shaY not 6e a walver o1 w p�dude th�axarcbe of�ny rlght u rar�edy. ii. aucc�swn� and ilssi�ns 3ound; .,io6nt and SwWSf i.iaoiiity; Co-siQn�rs. Tne cov�n:�c and �gr�etrMnts W this S�cuddy InsLunwnL shaY bind and banebt the successors and asslgns oi Lender�nd Borrowx.subjed to the provi�ions ol�tacagnph 17. Sortowe►'s cownants and ayra�nxntr shaM be Jdnt�nd sevaral. My Barowar who co-si9ns this Seauqy In:Lu�eot but does not execute the Note: (a) is co-sl9nki9 this Secw�ity InsirurtNnt only to mortsape,prant and convey ti►�t Borrowr's irt�nst in tM Ptoperty undr th�twms of Ws S�curiry tnstnurw�t; (b) is nat prsaruly obligat�d W pay the sums secu►ed by th[s Sea;:ity Mstruma►� and (c) a9rees that Lendx �nd any other Borrowu m�y agree to extrid.modi(y. tortx�r or m�ke any ac�a�aa�ations wRh nQard to th�t�rms of this Seuuidyr InsUum�nt or the Note withoW ihat Hcaawer's consent. 13. LWf� Chug�f. tf tho loan seaxad by thls Security lnatrument Is subJed to � law whlch sets maxkrwm loan clwyes. and t�ai yw ts fin�Ny Interpreted so that the interest or othar loan charyes coAected or to bs colleci�d in cormectbn • wdfi tAe lom exce�d the permitted iirnRS,thei: (a)anyr sueh loan charye shall ba redueed by the anwunt necessary to rsduc� �. !M cMry�to tho pannitt�d Iimit: and (b) any wms alrs�dy coY�chd trom Borrowsr which axc�sdad pertrittW limits will b� relundod to Borrnwer. Lendw moy choose to maka this retund by reductng tl►� principal owed under the Note or by rn�king a �irect payrmait to Borrowa. !f a rdund raiuces princ3pal, the �eductlon w�! ho tr�t�d as a P��Pr�WY+�= �u+= �Y - • pregaym�nl charQe unda tne F�ote. ' - 14. NOtiC��.Any notic�to Bortowx provided ta irt thls Searity Ir►atrum�nt shall b�giv�n by ddiv�rhg if w by rtyiling it by firs�class m�il unle�ss app8c.abN law tequlns use of�nothw m�thod. Th�notice shap be drected to tha Property Address a any other addnts Borrowe► dalynat�s by noUcs to LendK. My noUce ta Lender shall be giv�n by frs! dus mail to Lendor's address sUtod harein or�ny olher�ddras Londer deslynates by notic� to Borrowar. My notice provided(or in this S�curiry InsVument shak be deamed to have bean given to Borrower or Lender wh�n given�s provid«S in this paragr�ph. 15. Govoreing Law; Savorabiliiy►. Thls Securay tnsviment shaY be yovemed by te�leral I�w �nd tha law of the jurlsdidion �which tha Proparty Is locatad. In ths event that any provislon or clausa ot this Soauity Instrument a the Note — eonAiGs wRh app4c�bb Iaw.such conAic! shaY not atteet othor provlslons ot this Securiry InsUumant ar the Note which csn be ' gbren Nlect without the conAictiny provision. To tF�is and ths provisions oi thk Saciuity InsUument and the Noto are der�ared to — be severable. _ 16. BprQCrW�'S Copy. Borrower shar b�yiven one conformed copy ot the Note su►d of this Securiry InsUument. Ft316.LMG{3J96) Paqe 3 of 5 --�� 96036 E_: