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<br /> Bortow�r may cun suCA � Wlaull and r�w�st�to, as provld:.d �i psm�rsph i�,�y cll�y +�� �+ Wocw�W lo b� _
<br /> � dismiss�dwith a ruliny that. in Lrnda+'t gaoti tailh dat�rmination. preciutWa t��l�ltur�ol thv 9wtaww'L ntKat n th� Rup�wty or
<br /> � � othr matKial fmpairnwnt ot iho Gw► u�ated by thla Securiry Inst�um�l or Landar's s�curiry�n.xast BonowK yh�M +�I+u l�w�
<br /> delauR il Ba rowM,durinp tho ioan appYcatlon process,ycve rrytetiy 41se or Ir►accurat� �nlormatlon a�tr�onwnl�10 L�nd�r(�►
<br /> Iail�d to provkie Londur with any mat�ria! Iniwmatipn) In connecton with lh� losn WIC�E�IGOd �y tho Noto. inGu�np, bui not
<br /> limilsd to, r�prosantaUons conc�nlny 8wrow�r's occupancy ol tho I�ropwty �a a pnnc3Pa� rostdMCa. li thia Sawnry
<br /> Instrum�m is on a Iwaehold. Borrower shaA compty with all the provisions ol the le�sa II Borrowx acqu+ras f�a tRlt to the
<br /> ptcperty.the N�nshold wnd the tQa tiUc:ha�l not merge unless Lpnder �9rews to tho morQar N wrri;lnp. ,-
<br /> 7. Prot�CtiOtt t►f Londor's Rlghts (n tha Proporty,If Borrowx ta11s to patom►the covaunts antl Agrean�nls =.
<br /> conWnod h thls SaCUrillr lnitnunent, or tharo Is a leyal proceedin9 ihat may stgnlAcsntly ottoct Londtis rights �n the Property -
<br /> (such oa� procNd:r�p In bankruptcy, probat�, lor condonu�llon or torfeiture w to enface yws or ra�uat:ons),then Lender may `
<br /> do ptid p+y tor whataver Is necossary to protoct the value ot the Ropwty�nd Lender's rights in the R'opwty. lender's octions
<br /> may incNd� WY�9 any sums socurod by A liu� whkh has prioriry ovar thl9 S�+rity Instrumw�l, �pc,arin9 In court. paying =
<br /> rwsonablo ittomays' taas and anterk+y on the Propwty to m�lce ropaks Althouyh Lender may 1ak� su�on undcr �hfs paragraph
<br /> 7,L�nder ctaas not have lo do so. -
<br /> My unounts dlsbursact by Lender under parayraph 7 shal: bocome �dd�tiansl debt ol Bairow�svcu.^e- I��r thls Secw,cy -
<br /> l�strumant Unless Borcower and ler�der ayrea to other terms o1 payment, these amounts Sti:rll b�r Intrna�•`t::a thQ ciatz crf
<br /> disbursame�t ot the Note rate and shalt be payable,wlth interest. upon notito hom 4ende�W f:���'ovre+rem:.aaLti�paymen:
<br /> 9. (Np�Qag9 Insuranaa. If Lendar requked mortgage Insunnce �a � condittan of nuicing the��a, secured by t1s
<br /> Sacurity Instn+me�t. Bonower shaA pay tha pramiums requlred to rnolnttin the mortya,qa Insuranca�i efloct. !�. °:+ �ny reuo�.1he
<br /> mort9a9e Insurance coverage requked hy Lender lapse e����tOevlou e In`nflCCt. at� ou.s1 substtanllWy squivalant to tho
<br /> obtain covwa9e wbstanUaUy equlvawnt to lha mortya9 P �Y
<br /> cost to Bo+rowar of the mottpaya Insuruia prevlautty ir� e11acL Irom an at�mate ��cier erch mon�t�a sum pual to'
<br /> wbstanti�lty oquivalent moRqage hsurance covera9e k not aler,�Dk. Borrower shaU paY or c�ased to
<br /> onariveL1h of th�yearly mort4�9e Insurar►c�pntnfum bqrsq pac� by 6arower when tAe iawca.ce covray�lapssd
<br /> b�In e11�ct. Landx wiU accept, use and ntaln those pay�wr�ts �t a bss roserve In liou a` mo+tgaye inau�a�ua. Loss r�rve
<br /> payrr�anb m�y no bnyer ba requlrad, at th�option of Undar.if rortg�fle inwranc�covaW� 'in the una+�t ond tor th� pe�iod
<br /> thst.I�e�dw rqukes) provid�d by an insurer �provod Dy lw-!:s.w aqaln bocomas �v�bie�.�:'r�Is obLhed. Borrowar sh.aA�aay
<br /> thr f+"+e�riums raquksd to m�i�ufr. rw.:�tyage Inwrx►ct fn affcct ,m ta provlde a bss resane w�ttl the r�qukement tor rtr���sio
<br /> inwranc�ends in rx.:�rsdarcr�•u:G?any written aq�ean�nt Detwe�c�Sorrower and Lenda or ar'�'i,�ybla law.
<br /> 9.Inspe�4lcl�tT, I.�*drar rr•its ayent rt�y ms&R rWSaubie�ntrias upon�nd Inspectbns o11he ProaiM.�. f.,ender shaN�ive
<br /> Borrow�noUce at SRa tim�at cr Rrtw to an insp�,�.�n sp�ifylny rawsonable cause tor the hspectio+i.
<br /> 10,CORdYmOa3iOf1.11rw Ixocwda ot any awar@ cr a�ai�tor darnafles, direct ot a.�nsqaLarttik. :M �:�rxUoa with any
<br /> can,m,ertnation or othar takir►q ct ucy pait ot tho Property. a i�r co�vayanc�in lieu of eartdw�aaaso�,ar����°y assi�and
<br /> aMtJC W W1d to LM+dw.
<br /> t� f�� avenc u;1 a tOtal tak�n9 of the PropaitY. the prcr�is ahatt @e i-P� m"�1�a sw�r.� s�wt by thk �ct+rRY
<br /> lnsLrtxment, whWlTer w not than due.with any excoss W►d w Ba�owt+. [n tlsw�,w+t air o�;a�J:a+cin3 crP tl�,�P�Y�w�h
<br /> th¢talr mark�t vafue o1 the PtopeAy ImmediaWly before tf��e WJ�i►�y es oqual ta cr gr��sc tl�u.: '�t �:n�unP t��wt sr�nu s�cund
<br /> by 11�ia Security Instrumont immediately betors the takng. wi.zu i3ortower and Lend�er oL.''tie:'+�r o"ccc '� '�`�8• �'D �^6
<br /> sacurod by thls F,�cutity I�strument shW be reducad by She a�raw.nC of the procsCds mulGplaqc�m��h�io:owmg Iractia+� (a)tho
<br /> total amount of ths wms secured knmedWtNy betore lhe taking,dlvided by (b) the tak mutcst value of 1he Property immadiatNy
<br /> bNor�(hs Lklny.My balanc� shall be PaW to 9arow�r. In the eve�t o1 a putisl takin9 01 tha Prop�ty In whlch the tafr m�rket
<br /> v�lue ol tFt�F�ropsriy Ytun�distaly b�fore tha takinfl Is Wss thsr. L".� z:_••::^! !h`s.��-:o s�.szed 'e�rmedittely betoro tfu taWnp.
<br /> uni.sa w,.�vw:: ::.l. :::.''..=. �!lt�� =,M-•• !'i !"!!�:� « unYts wolicabl� I�w oth�rv�isa Provldes, tha Procends shaY be
<br /> �pplied to th�sums s�cu��d by thts Security q►sLUtiunt whah�w s�ot the sums are then due. �
<br /> If the Prop�rty Is ab+ndonad by Borroww. or N.aRa►�oUaa by lenda to BarowK that the condarmot off�rs to m�1ce an
<br /> nvard a s� � cWm for damap�s. BarowK faite to r�po�d to Lendrr wtthln 90 d�ys afta tM date the nodc��to�th�
<br /> L�ncl�r b authorlted W coibct and+pF�Y►h� Dr���. at Ns opUan, �ithr W nctoratlon or npair of tl� ProP�Y
<br /> sums s�cund by this S�c;u�ity Instturtwtt,wh�thK or not thm dw.
<br /> U�ss L�►d�r �nd Barowa oth«wlee aqrN in wri6�. my �ppYcation o1 Procwds tu P+��eJp�l shaY not �d�nd or
<br /> postpan� th�dw dat�oQ the monthlyr paym+nts reterted to In pu�sn�phc 1 �nd 2 or c1wWe the arnount W such Raym�nts•
<br /> 1 t. Bonowsr Not R�l�ssad; Forb�uanc�8y I.�nda� Not a WaivK. F�a.nssa,ot eh.wn.tor p.ymw+e a
<br /> modilic�tbn of vnoA'a,atlon of th�sums s�cund by this S�cw"sty Inshunwr►t qranUd by Under to any wcassor in fntK�at ot
<br /> Borrowr sh�N not np�rat�to ret�as�th��y of th� orlghai Borrower or BoROww's wcassors In intr�st. lK:der sha�not
<br /> b� reqidrod to connn�nce Procwdin4s �9alnst any wcc�asor h lntersst or refwa to�d�r►d tlrr�tor paytnmt or othwwis�
<br /> modify tmoNzatbn ol the sums s�cutad by this Sscurity InaVUmini by resson of any tf�n�nd m�d�by the oriplr►a! BoROwar or
<br /> g�a„w's wccaaors �n intonst qny fwb�nr►ce by Unde�h exercislrg anY �ipht a r«r�'!y shaY noi be a wiisrer of or
<br /> pnc:fuG Lh�exKGsa of any riyht or ranedy.
<br /> 12. Succ�saors and Assl�ns 8ound; Joint and Sovaral Uabllity; Ca-si�nsrs. rne covenana and
<br /> ayrMrnnss o!tNe S�uitY InsVum�nt shall Wnd and banefit th�wcctsson�nd uslg�u oi Lmdar uK!Bortowu. wbject to ttw
<br /> proviabns ot parsyraph 17. Bortower's wvan�nb o►d ayre�rtwnts shall bs jdnt and saenl. Any BoROw�r who casipns thls
<br /> S�curlry tr�strumnt but dws not axacuts th�Note: (+) ic co-slq�ks9 thla S�curitY InsUum�nt ony to matg4Qe.9rar►t and convy
<br /> tAat Bort�ow�r's intenat in the Prope�ty under tM t�rtns ol thi�Ssauity InsttumanC ro)+s not P�sonah+ o�•t+�� vay U"
<br /> sums teeund by thls Security Instnxn�nt; and (c)agrNS ttul Landsr md any other Bortowx may agra to e�dend,modify.
<br /> {prpa�r or mafce any�ccormwdstions wilh repard to the terms of 1Ns Socurit�r Inatrummt ot the Note wiNout thal Bortower's
<br /> consant.
<br /> 13. LOSt1 Ch�tgYS. II the loan seaurer3 by this �iy Insirumant �: s�b;ect to a Iaw vrh.icti sets maxlmum ben
<br /> eharqa. and that law is twlty interprded so that the int�rest or other toan charges al�ted or W be cdkcl�d in coru��ction
<br /> ��►�� �o�n q�coed the permitted Wnits,lhen: (a)any such b» charge shaY be reduced by the amount necessary to reduce
<br /> the chuge to the pertnitted limit: and (b) any sums alre�dy cailected irom Bortower which exceeded pertnitted limits will be
<br /> - relundad to Barrower. Lender may crioasa to mako thI. rc�us�d by reduGnp t1►�principd owad undK U� Nota o► by trokk�g a
<br />-= dirod p�ymwq to 8ortowar. It a taiur►d reduces PrinciP+l, �iH rrducua�wi� i,e trata3 s: a ;.�"'-' R�"�i� mtrioat an;
<br /> - P�aP+Y����und�r tho Not�.
<br /> 14. NOtIC�s.My notiu to Borrower provlded tor In thu S�uity kuWm�nt stW ts� yir�n by ddiverhy it or by�rf�iiinq A
<br /> by frsl cltss mail unias applicabl�law roquitsa us�of anothx mrthod. Ths notic� sh�N b�directsd tc the Proparly Addross
<br /> or any ottur address Borrowx desi9mta by notke to Lender. My nWlc� to LendK shal ba piven by frst dass mail to
<br /> Laridr's addreas sLtod herdn a aay otha► addnts Lender cksigrotes by notics to 8arowr. My noticr provided tor in thiss
<br /> S�cur;ly InstrumMt sha11 ba d�wnod to have bean givan to Borrower w lender when glvon as ptovldad h th's para9roRh.
<br /> • 15. �owcnln� Law; Savarabttit�. ThIs SecurAy Ns2rument shsH b� yovaned by fedxal Ls« and th� law of the
<br /> - j,�esdkflon h whlch the Property ls bc�ted. M the event ttwt ony provisbn or ctaus�ot thls Sewrity Instrument w tha Note
<br /> J- cc��cts wdh applicabla law, s�_ch contfiot shaG not affact cifier provlslons of thls Security lnstrum�nt w the Nate whlch can ba •
<br /> i g�ren�ffect wiShaW tho co�tlictirt9 R�ovision. To this end the Frov"sabns of this Security 4*sQUtnent�nd the Not� are declar�d to
<br /> `i be severable.
<br /> y� 16_ Barre++�ar's Copy. Borrower sraJi te given cae antortned crp� oi the Note and of this Se�urity Instrument.
<br />�•.r� Paqe 3 0�5 • ' f�].�.
<br /> F13i6.LM0(3/96) '�
<br /> 96170
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