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<br /> . �ecurHy IniKet4 gor�ow�r n�y wn wah� delauR md relnetal�.a�provW�d In par�yraph 1B.by c�utiny ihe ecllon or proc�adinp lo be �' . ...
<br /> dismiu�d wHb�ndiny Ihtl,In L�ndu'��ood t�i►h dMe�minatlon.Pr�cluda todMtun of the Bortower'a Intereat in tho PropeAy a othw material "
<br /> Irnp�km�nt ol lh�A�n ara�t�d by lhl�S�curlty In�trum�nt o►Landar'��rcurity Intamt. Burrowor sh�l also ba In deloult il BoROwer,durin9lho f �'
<br /> � lan�ppAwUan proau�pW� mnt�rWY hito a►I►u�aunb In/amaUon a�tat�n�nt�to LmdK(or ldlad to provWe Under with any malo►IW �
<br /> � In�crmaUon�In eonnectlon wllh the lan evldenced by th�Note,IneWdinp,but not Wnited to,reprasentatlons conceminp Barower's occupeney ot '
<br /> ths Proprty n�prtndpai naldmcs. II lhis 3oairily InsWment is on�IMtehold, Borrower sholl comply wllh al tho provlalon�ot the kwro. � .
<br /> If Bortower ocqukes!as titN to the PropeAy, th�leaeehotd and tha fa�ffllo �hNl nol merye unlees Lendar ayreas to Ihe mer9er In wdqn0• r `' '�
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<br /> 7. ProtaCtlon of IAndor's Riqhts In tho Proparty. 11 8orrawar toA�to Per�orm th�covenants and�preemenl�cont�lned ,
<br /> In Ihis Sewrity Insirum�nt.a 1hKa la�lepsl proceediny that m�y Npnilipnlly�flea1 Lander'a riyhta:� Ihe Propeity leuah�e e proceodiny !
<br /> In bmkruptcy,Prob�ta,fa condemnaUon or lateiture or to eniorce�w�a reyul�llons),then Lender mey do and pay lor whatever 1�necesaery
<br /> fo protecl tha wlua o1 lho Proprty and Lender's�fphls in tha Roparty. Lender's�cllons�rwy Inciude payinq any tsums aecured by�Aan which
<br /> haa prioriry over ihis Securly Instrument,oppeartng in courl,paylny reaaonrble attomeys'lees�nd enterk�y on the Propedy lo make repairs. ;
<br /> I Although Lender may Utce�ctian under thb paraprnph 7.Lender doea not have to do ao. ,
<br /> � My amounts dieburoed by Le�der under thle pe�agreph 7 ehell become eddiqonal debt of BoROwer aecured by thia 3ecurity Inalrument•
<br /> i Unless Borrower�nd Lender aqree to other torms o1 payment,Iheae amounis ehall 6eu interast irom the date d dlabursament at iha
<br /> � , Note rate end shaU be pay�ble,wflh Interest,upon nolice kom Leoder to Borrower requestiny payment.
<br /> 8. Mortpago Insuraoao. II Lender required moApage inaurance oa a conditbn ol mekinq the loan secured by ihis 3ecuAty Instn�menL ¢.��:. ,_ ,
<br /> � i Bortower sheN pay Ihe prwduma requ4ed to malntaln the moApage Insur�nce in eHeat. II.ior any reaison,the moRgege Inaurance eoverega � -�,.•'���'r
<br /> ' requked by Lender lepaes a ceases to be in eMect,BoROwer aha�pay ihe premlums requfred 10 oblafn coverage substantially equHolent to the � .
<br /> � moAqaye ina�ranca previouey in etted,al a eoat subatantially equlvolent to the cost to Bortower ol ihe mortgage insurence previouely in eflect, .
<br /> trom an allemate moApeye inaurer approved by Lender. If subalantlalty equlvalent moAgage insurance coverage Is nol evallahle,Bortower ahaU pay +
<br /> to Lender each monih a aum equal k one�lwetNh of ihe yearly moA9ape Inaurance premlum being peid by BoROwer when Ihe insumnce coverage ^%
<br /> lepsed or ceased to be In e(fect, Lender will accept,uae and retain these paymenti as e losa reaerve in Ueu ol morigage insurance. Loss�e9erve ., . �'�;
<br /> paymenta may no lonpe►be required,ot Ihe option ot Lender,q mortyeye insurance coveraye(in the amounl and lor ihe period that Lender j"_"
<br /> requkes)provided by an in�urer approved by Lender ayaln becomet availuble�nd Is obtained. Borrower shell pay ihe premfums requked lo Y'
<br /> maintein moApaga Insurenee in eHect,or lo provide a loss reaerve,untA lhe requkement lor mortyaye inaurance ende in accordance with ony �`
<br /> wtiden apreement between Bortower md Lender or appllcable law.
<br /> Lender ehall ive 8onower �
<br /> 9. InSp9Ctlo�. Lender or N�agent mey make reasonable enUles upon end inspectiona o11he P�opeAy. 9
<br /> nopee e!the lime ol or prl!�r In a�„spec�lon apeciying reasonable cause lor the Inspecllon. �~
<br /> � 10. C011demnet1011. Tt�e proceeds of any eward or ctakn lor dameyes,dlreet or consequenUal,In conneclbn v+uh any eondemnaliu��
<br /> or other teklnq o1 any pert oi tha Prapehy, or tor conveya�ce In Ileu ot condemnallon.are hereby assigned end shetl be paid to Lender.
<br /> In the event ol a totet laklnq of ihe Property, the proceeda sheU be�pplied to the suma aecured by this Security Inslrument, whether or not , +
<br /> I then due,wilh eny excesa pak to Bortower. In ihe event of a paAial laklnq of the Properry In which Ihe lalr merket value of the Property ��
<br /> hnmediatety betore the takin� la equal to or 9reater than the amount ol the aums aecured by ihls Secu�ity Inslrument irr�mediately bnlore ihe taking, .
<br /> unless BoROwer and Lendx othervvite agree In writing,the auma secured by thia 3ecurHy Instrument shall be�educed by the amount of the
<br /> proceeds mullipNed by the lopowiny hacUon:(a)Ihe total amount oi sums aeeured knmedlately belore the takiny,dividnd by (b)the lak market
<br /> value ol the Property Immedietety bebre Ihe taking. My belance shaN be peld to Bortower. In the event ol a partlal taking of 1he Propehy in
<br /> I� which lhe tek ma�icet velue o1 the PropExly immedialely bnlore the IeWng Is lesa than the amount o1 lhe sums secured fmmedlately beiore Ihe ,
<br /> ! teking,untess Bortower and lender othenvise egree In wrlting or unless applkeble lew othervviae providea,lhe proceeds sheM be applied
<br /> Ito the sums secured by this Security Insirument whelher or not the sums are then due.
<br /> It the Property Is abandoned by 8ortower,or fl,afler notice by Lender to Bortower ihat the condemnor oHers to make en eward or setlle
<br /> a clalm lor damages,Bonower lails lo respond to Lender wilhin 30 days after ihe date the notice Is given. Lender Is aulhorized to cotlect
<br /> and apply the proceeds,W ite oplion,eUher to reslorelbn or repah ol ihe Properly ar to Ihe aums secured by lhis Securlty Instrument.
<br /> whether or not ihen due.
<br /> Unless Lender and Barower otheiwise agree in writing,any applicatlon oi proceeds to pKncipel shell not exlend or posipone the due
<br /> date oi Ihe monthly paymenta referred to in paragrephs t and 2 or change the amount of such payments.
<br /> 11. Borrower Not Released; Porebearanee By Lender Not a Waiver. Exlenslon ol the Iime lor payment or modfficallon .
<br /> ot emorlizatlon ol the sums secured by ihis Security Instrument grented by Lender to eny successw in interest of Borrower shell not
<br /> operete to release Ihe Iia6111ty of the oripinel Bonower or Borrower's successors in Inlerest. Lender shall not be requlred lo commente
<br /> i proceedings egeinst eny auccessor(n inlerest or reluse lo exlend time tor payment or otherwioe modily emoAizalion of the sums secured
<br /> � f by ihis Securlty Inst�umenl by reason ol any demond mede by the origlnal 8orrower or Bortower's successors 1n interest. Any torbearence
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<br /> � by Lender in exercising any dght a remedy shall not be e waiver of ar preclude Ihe exercise of any eight or reme .
<br /> 12. Successors a�d Assigns Bound; Joint and Seve�al Liability: Co-stgners. The covenants and agreements of
<br /> Ihls Security Insirument shall bind and benefit the successors and assigns of Lender and Borrower. subJecl to the provisions oi paragraph
<br /> 17. Bartower's covenanta and agreements shall be Joint and sc+veral. Any BoROwer who co•signs this Security Inslrument 6ut doos not
<br /> execute the Note: (a)is co-signing Ihis Security Instrument only to mortgage.grant and convey ihat Borrower's Interest In the Property
<br /> under the terms ol ihis Securityr InsWment:(b) fs not personatly obligoted to pay ihe sums secured by this Securiry Instrument: and (c)
<br /> agreea that lender end eny olher Bonower may agree to extend,modily, forbear or make any accommodations wilh regard lo tha tertns of
<br /> thla Security Instrument a the Nole wilhout that Bonower's consent.
<br /> 13. Loan Charges. It the loan secured by this Security Inslrumenl is subject to a law which sets maximum loan charges.a�d
<br /> F that law Is finally Interpreted so that the Interest or olher loan charges couected or to be colleCted In connecllon wlth the loan exceed
<br /> the permlttad Iimlts,then:(r�)any such ban charge shall be reduced by the amounl recessary to reduce the charge to Ihcs permlued
<br /> i Iimll; and (b)any sums akeady coNected from Borrower whfch exceeded permitted limits will be relunded to Borrower. lender may choose
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<br /> � to meke thls relund by reducing lhe principal owed under the Note or by maKing a airec�papnani iv u����...::�- ��o .��-..�.�----- �"^•
<br /> clpal,the reductlon wlll 6e treated es a parual prepayment wllhoul any prepayment charga under thct Note.
<br /> 14. NOtICes. My ne�lce to 8orrower prov�ded lor in this Seeurity Instrument shall be given by del�vermg �t or Cy ma�i�ng i1 by I�rst
<br /> class mail unless eppNceWe law requlres use ot another malhod. The nollce sholl be direcled to the Propeny Address or any other address
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<br /> � ?o1e1�rm��Ni1 r�ec � or s Form�028 9iJ0
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