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i�� __:� _.� - - ._ . .. . .._ ..._...- --- — �-Y _ . _ _ , __-_ ..��:.��_= - �o.�..,..._,L:.nr.a- —_ ----- --��1-�_..r",�— _...:a� - , Borrowor nwy curl auch a cla4ult Mnd rxuistatv, as provuiNd �n p�u.+�aph 1B by uusuiy lh• �cUO� a procwKiwiy tu b. drunlssod w�th a ru�iq ihat, In L�+i�x's 9ood faith d�twnw�atiai. prock,d�s IorlxturQ ol the Baruww a uil�r�ct in Ihu Prope�ty a olhcY mete�n�l imrsfmtmt ot lhe Nen createA dy Ihn $eeur�ty Mstn;ment ar Lertde►Y arcunty �r+te�est Rorrower shAN aho br. n� d�fault ii Barownr. duriny tho ban appliraGo+i process. �a�o nutYrialty{atsQ or inaccur�te intom�atwn or stat�nwnls tu Lwuior (w faiod to prav�da londar with 4ny matwW niormatwn) u� co�tinrcUcxi w+tA th� loan wWlnc�d dy lh• Nol�. mCkidinp. Cut not Mnttad to. r�pre�mtaUons concem4�fl Borrowei s occupancy of th� Propwty �� a princ�pAl roski�nca If this Sxwdy Inrirumsnt is or� �► bas�hdd. Bonoww sh�tl compy wAh �II tho pfovisbns ot iho laise. II 8wroww scqurea Iw �tk tu ih.• ' Propa+ty, tho foasrhotd and iha f�Utla shaU no!motga unlass Lcnd�r��ts Io tho matyar in w�wn9. 7. Pra�c��d�� nP �o��aor�� a�i�qo t, �tw P�o��cy. U Bortow�r 4ils lo�riam Ih� cavwNnla rnJ�it,�we�wi�d� cai{axisci n this Soa►r�ty {nstiunw�l, or Iharo is i hq�t! procaocWip that may s+ynifuantly oflact Lendor's r{�hts �n th� Prapwly � (such as a proc�odin9 in banWuplcy, probntQ.tor catid�t�vwtion or lorle�ture or to �forco laws or raflulattans), than Lwidw nu� � do and pay lor whalovw 4s n�c�ssuy to prot�ct tho valuo ot tho Property snd Londws ngMs in tho Propwty lander's�ctiais [d �xy include payinq any wms securea by a fien whkh has prarity over ihls Security Gis4wnent, appt+uiny n couri. µ++yaiy '� rwso�bW�ttomty�'faas and w►twiny on the Property to mafco ropalrs. Atthouph Lwidcr may tako acGon ur�dar tMs parayraph � 7,Lendw doos not Aav�to�So sa. � My anwunts disbursed hy Lpndor undar par�yn�ph 7 shall bocome additlonal dabt of Barrower sewred by this Secu�ty In:trumont. Unloss Borrowor and L�nder a9ree to other terms o1 payme�t. lhose amounts shaU bear intwest trom the date ot dicburswrient at the Nota rate�nd shaA b�payabl�. wdh intwast,upon notica kom landw to Barrowcar roqu�stusfl paymenl. 8. Martgayo Insuranco. �1 Lendar roquUed mortyage Insunnce as a conditlon o1 making the loan sew:ed by th�s Socunty InsWment. Borrowar shaU ps�y tha pron�lums roquirW to malnUin IhQ mortsage insur�nce n eftact. It, for any reasori. the nwrtgaQe insurance coverage rQquued by Lendw lapsos w ceases tu be in bHeC1. BOtfOwp[ SI►i4 p�y�h� p�e�)lwms requued lu obtain covwor�e subst�nUaYy equlvalent to tho moclg�ge nsunnca previouslyr m oNoct, at a cost wbstintiaUy eqwvalant to lhe eost to Bortower o1 th� nwrtgaye insurance prQViousy n eNect. fram an aftartwte mortgage �nsurer approved by Lender If substantLalty equivalent mortgage inswance coveroge Is not available Borrower shalf pay to Lender each month a sum equal to on�lweltth of the yeuly mortg�ge Insu►ance premium be+n9 paid by Borrower when tAe insurance coverage tapsed ur cwsed W be in effect lender will accept, use nnd retalri thore payments �s a bss rosenre in Gcw ot mortgage insurancQ Loss resen�a payrnents mwy no longar be requirod, at the optlon o1 Lendar. it mortgage Insurance cove�ape(in tt� �mount and tor the pena.L that Lw�der r�quiras)provW�d by an in:.urer approvod by Lender ogaki Cecomes ava�lable a�id ts�btained. Borrower sh�U Da� � tha prerr�fums requ4ed to mawriain mortgage inwnnce in etlecl. a to provlde�Ioss reswe, unW tFw roquvcYnont for ma4�a��, ir►surance ends In accordanc�with any writton a9reertient batween Bortowor and landar or applicablQ law. 9. (nspaCt1o11. tondar or iis ayenl may m�ke rwsonaDle ant►ies upon and inspecUons of the Property. letxier sh�Y qive Barower not{ce at tho twne ot or prlor to�n Inspac!!on spacitying rwsonabla cause tar tAo ktspecUon. 1 Q. Cond�mnation. The proceeds of any award or cl�im tor damapes. dkect or consaqusnUal. b conn�ctlon wah �*.y cond�mnatton or oth�r W�r►y ot any part o1 tho Ptoperty, a 10►convoyanc�in ilw o! cond�tmallon, w h�robY assi9nM ac� shaY be paW to Lender. 1� the ev�nt of a Aqta! takk►9 01 the Rropxry, the procsods shaH �b� applied to the wms secu�sd by this Secwrty instrument,whether or roc then due,with any excess paW to Bo�ower. In tha event of a partial taking of the Property in which tiw talr market valua ot'Ute Property irtun�diaioiy bator� th�takln9 ts �qw!to a yre�ter than tF►o anwunt ot t!w sums sacurod by this Sacuriry lnsuument irtmediately Detore ths taki�g. unless Bortower and lender othe�wisa apree in writY►y, the sums secured by thts S�curity InsUumont shatl be nduced by the amount ot tho pru�eeds mukiplied by ihe topowing fracUon: (a) tha tota!amount of ttt�sumc securod 'unmadi�tely bNora the taking. dPvid�d by (b) tha bJr nwrk�t valuo ot th�Propocry inunodiataly betao the Wck►9. My baiutice shaN be p�Id to Bortoww. In the ewnt of a partial t�king of the Property w� whrch the lair marfcat value o1 the Property imnnvdiaUy betore the takinp t�iass tFan the �nwunl ot the surtu secured irtxnediately botore the taWnp. unless Botrower and Landa oth�wlss �gne in writinfl or uniass appNcable law otherwis� provides, th� proceeds shall be appii�d to tha wma s�cund by this Securiry Inswnwtt wn.�n�►o�r,o�u,o swns.ro cn.n d�,.. N th� ProwrN ic ah�ndon«i bv Borrowr. nr if.attr nalrw bv l�ndr tu Borro�wor th�t th� cond�rmor ofl�s to mycr�n ausrd or sat!!� a dsBr�tor darttiayes. Borrowa ts=.^.to respcnd to Lender wilhlr► °A d�yr afta the dalo tha notieo is q6vrn. . tender is authorized to coNect and �ppy the proceeds. at its opUon,either to rcstaation or repair ot the PropMy a to ►he wms sacurlti by thlt Sacutity InsUUment,whather a not then dw. Unbss lsnder and Bortowe► othenvise agree in writing. any application o1 proceeds to principal shaN not extond or postpon�the due dat� o}the monthly p�yments referted to in paragnphs 1 and 2 or chanye the amount ot such pay�nents. 11. Borrowar Not Rdwsad; Fori�uanco By Landar Not �Waivor.Extensbn ot the tirne fa payment w moditicatlo�of �at{on ot the sums sscwed by thts S�curiry Instrument granted by lend[+r to any succassa in interest o1 Bortoww shall nol operate to rNease the UaWGty o1 the csiginal Bortower w Borrowas successors in k�terest. Lendar shali not tw requirod to comm�nca proc�rdings ayaList �ny r.:�csossa in interest a r�s.r to excend tima ta payrr�ent a othwwiso � rrwdiity amortization of tlw sum9 s�cw+ed by thia Seaxity Instrum�nt by rotson of any d�rtwtd madQ by thf Ofl�lil BO(iOWK Ot Barrowor's wccassors in ht�tat Any fo►brranco by LmdM k► ewKCtsir►y any riyht or �«n�dy sl�11 not b� s waivr of or preclude the exerdae of any riyht or remedy. 12. Succ�sson and Asslyn� Bound; Joiet and S�v�ral Uability; Co-sipn�n. The covwnt� and a�reem�nts of ttds Seaufly tnstrument shM bind�nd bandR the successors and asalpns ot L�nd�r and 8ortoww.aubJeci to the � provislons o} paragr�ph 1?. Borrowar's wva�nts and aprw�rwnta shaY be joint and sweral. Any Bortoww who cas3qis llus S�uity Instrum�nt but dou not sxscuU the NoU: (i) is co-si9nY�g thls Sscuridy k►strum�nt onty W mortge�. 9nr►t�nd convey '. tnat eorrawr•s Int.nst In tn.Property under tna t«ms ot tnls sec�uuy InsUun►er►t; N) is not wrs«�a1N obYqat�d to pay tne sums s�cund by this S�curity (nsUurt►a�t; and (c)ayres�that Lendar and any oYhar Borrowor rr�y sgrao to oxt�d,modly. tabwr w mak� any accomnwdations wdh npard t�ihc terms ol thls Secwiry Instrument or th�Not�withhout that Bonower's � cansent. 13. LOat1 C11A�g6S. If the Ioan secured tty tAis Security InsUument is subject to a Iaw which sets maxirrwm loar► charqes, and that Iaw ia finally interpreted so that th! intuest or oiher Iean chuyes coYected ar to be coWeded 'n connec�t � wrth the loan axcawl the pertNttod limits.than: (a) any such ban chuge shaY be reduced by the�mount necessary to reduce � ths eharQs to the p�rt�tted kNt: and(b) any swns a�kNdy coN�ctod kom Bsrrower whkh exceeded pemwtted limiis witt be rNundad to Barrawer. Land�r may choos�to trs�lcQ this relund by re0uctny th�prindpal owad under thQ Nate ar by m�king a = dirod p�ymait to BotfaKar. If a refu�d reduca principal. the reduct�on wiY be Veated u a partial prepaymenl withoui any . prepayr►�ent charQe under the Note. i4. i34aiGiia.lviy rw'ucs fo Suiruwer provided ior in this S�auidy inatrurnent shafi bt yivm by deiiveriny it or by m311ing R by first ctass nwil unlsss�ppWcat�te law requ'res use o1 another methad. The noticq shaY be dcected to tAe Property Addross or any other addns; Bortower de,sign�tes by notice to Lender. My notice to Lender shaY be given by first ct�ss rt�ail to Lander's address stated twrein or any other address Lender design�tes by notico to Borroww My notice prov�ded ta n ttus S�curiry Instrument sh�Y be deetncd to have bean given to Barrower or Leruler when given as pro•rided n this pzr:g,�,tt. 15. Govoming Law; SYVOrability. Th+s SecwiRy tnstrument shall bo govemed by feder�l I�w �nd :he I�w ot the jurisdiction in which the Property it bcatad. I� the ev�t tt►at any provision a clause o1 th+s Securiiy InsVument or tM Note ' conflicts wah appGcabto law, such conflict shaU not atteei other previsio�s ot this Securiry {nsWment or the Now which can be give� eHect without the conAidiny provislon. To this and tha pronsions o!this Ssuuity Instnunent and the Note ue declued to ba satre�able. 16. 801YOWie's COpy. Bortower shaq be Qive� one contormed eopy of the Nate and of thls Secur'scy ln�Vument. //�,�c� - f1316.LMG(3/96) qpr 3 0!5 V Sb1e(!