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<br /> � 7.Protection of Lender'a Rl�hta In the Property. i� eonower raus to p�orm the oovenanca .nd �orwmsnn ' ;:-:��
<br /> oonta{nad tn thls&acurlt y Inetrument,or there Is a lepal proceedfnp that may slpnMbantly attsot Lenders rfyhts !n the Property (auah �s ;y
<br /> a proceedinp fn baRkruptoy,probeta,for condemnation or lorfekure or to onforce lawa or repuktbns), then Lender may do and pa y lor C{� •;K-
<br /> w h e t e v e r Is necoSSB ry to protect the value of the Property and Lender's rlphts u� the Property �'e ln e r e a s o nl a b l e a S t o r n e y'sdfe saand� �
<br /> any sums secured by a Ilen wh�h hes priorfty over this Security Inatrument, appearing In court, pey g � -
<br /> unlerinq on Ihe PropeAy to make repeire• ARhouph Lender may take action under this peragraph 7,Lender does not havo lo do so.
<br /> Any amounts diobursed by Lendsr under ihis paragreph 7 sheil beoome additlonal debt of Borrower secured by this Security r,,, ,
<br /> In5lrurnent. Unlesa Bonower and Lender agree to other terms of peyment, these amounta shall bear Interest hom the date of `'�'"
<br /> disbursemenl at the Note rete and shall be payabb,with Intersst, upnn nOtbe from Lender to Borrower requestln0 PaYment. � � `
<br /> 8.Mortgage Insutance. II Lender required mortfla�e Inaurance aa a oondklon ot makinq the loen secured by lhis Seouriry � I _
<br /> �•i Instrurnent, Bo�rower ehall pey the premiums requked to malntakt the mortp4ps haumnce h eilec6 If, for any reuson, tha mortgage � .
<br /> fnsurance coverage requkod by Lender bpsas or ceases to be h e8act, Bortower ehall pay th� pnmlums raqulred to obtah oov�raq� •�;;_
<br /> �'""""°"� ' substanllally oqulvalent to the moRflaye Innurance previou6y in ettect, at a cost aubstantlaly equNalent to ths ooet to BonowN of th� _
<br /> " ��i moRpape ineurence previously h efteat, from an akernate mortqaps insurar approved by Lender. If subatantlelly equivabnt mortyaq� _
<br /> Insurance coverepe is not svallable, BoROwer ahall pay to Lsnder enah month a sum equal to one�tweHth of the yeary mort��p� -
<br /> � tnsuranea premium behp pald by Borrower when the tnsurnnce aoverage lapsed or ceaeed to be In efleat. Lender wlll accept,uae and , _
<br /> � retaln ihese ReYments es a loss resorvo In Ileu of mortflage Insurance. Loss reserve payments may no Ionper be requked, at the J �
<br /> 9 opUon of Lender, if mortqaye k�curance ooveraqe (In the amount and tor the perlad that Lendor requkes) provided by an In�surer �.��:., °
<br /> approved by Lender agaln becomes avallable and Is obtained. Bortower shall pay the premiuma requked to matntaln moR4ape �f„-
<br /> insurance In eHect, or to provide a Ioss reserve, until the requlrement for mortgage insurance ends in accordance with any written �,;
<br /> agresment between Borrower and Lender or appl�able Iaw. ___
<br /> r 9.Inspection. Lender or its agent may make reasonable entrfas upon end Inspecdons ot the Property. Lender shail pNe _v
<br /> Borrower not��at the time ot or prlor to an Inspectlon spec(fyhp roasonabie cause for the Inspeotbn.
<br /> 10. Condemnation. 7he proceeds of any awerd or aiakn for damages, dkeot or consequenttal, In connsctbn wfth eny
<br /> �; condemnation or other taking of any peR of the Property,or for aonveyanCe In �leu ot aondemnatbn, are hereby a6slpnod and 5hali be �
<br /> pakl to Lendor.
<br /> , i In the event of a totel taking of the Property,the proceeds Shail be applied to the sums secured by thls Securky Instrument,
<br /> whether or not then due, with any excess paid to Borrower. In the event of a partlal tBking of the Property In whbh the falr merket
<br /> � valua of the PropeRy Immediately before the taking is equai to or preate� than the amount of the sums secured by this SeCUrRy
<br /> �,� Instrument Ynmed(atey before the takhg, unless 6orrower and Lender othervvise agree in wrding, the sums secured by this Security
<br /> Instrument shail be reduced by the amount ol the prOCeeds multlplled by the followhq fraction: (a) the total amount of tha sums
<br /> �• secured immediately before the taking, dNided by (b) the fatr market vnlue of the Property Immedlatey before the taking. Any balance
<br /> � shall be peld to Borrower. In the event of a partlai takhg of the Property k� whbh the fak m8rket value Of the Property imnedieley
<br /> �' before the laKing is less than the amount of the sums secured Mmediately before the takinq, uniess Borrower and Lender othen�ice
<br /> agree h writing or unless appliCable law otherwlse provides, the p►pCeeds sh811 be app��ed to the sums secured by thls SeCUrky
<br /> � Instrument whether or not the Sums flre then due.
<br /> � :� II the Property �s abandoned by Borrower,or if,atter not�ce by Lender io 8urower thai iha condemnor oN?ra to make an award or
<br /> y�, settle e claim tw damages, Borrower falls to respond to Lender wfthin 30 days after the date t�het�notheesums�SeCtttAd by'thls&eCUrky
<br /> Y: to collect and epply the proceeds,at its optbn, ellher to restoretion cr repek of the Property
<br /> _' Instrument,whether or not then due,
<br /> ' '� Unless Lender and Borrower otherwlse agree h wrRhg, any appllCatbn of proceeds to principal ahall not extend or postpone the
<br /> �f dua date d the manthiy payments referred to In perayr8phs 1 and 2 or chenge the amount of suCh payments.
<br /> S, 11. Borrower Not Releeaed: Forbearence By Lender Not a Weiver. Extensbn ot tne tima for payment or
<br /> � modtt@atlon of amoA�atlon of the sums secured by this Seourity InstrumenS pranted by►.ender to any successor h Interust ot Borrow�r
<br /> shall not operate to release the Ilflbllity of the orlginal Borrower or Borcowers successors In interest. Lender shall not ha requked to
<br /> commenae praceedings agafnst any successor in Interest or refuse to extend ttme for payment or othervvise modNy artiortfretbn of the
<br /> sums secured by thls Security Instrument by reason of any demand made by the orpinal Borrower or Bortower's eucceseora h
<br /> hterest. My forbearance by Lender M exercising eny rqht or remedy shall not be a waHer of or preClude the exercise ot any ripht or
<br /> remody.
<br /> ' . 12. Succesaora end Assigna Bound; Jotnt and Several Liabiiity; Co-algnera. The covenancs �nd
<br /> egreements of thls SecurHy Instrument shall bind a„d benefk the successots and asalpns of Londer and Borcower, subJect to the
<br /> .� provisbns of perggraph 17. Bonowers covenants end egreementa shali be Joint and several. Any Borcower whoant,sand olnveyct at �
<br /> { Instroment but does not execute the Note: (a) �s co•signing thls Securfty Instrument only to mortgage, g
<br /> � Borrower'6 interest In the Property under the terms of thls Security Instn+ment; (b)is not porsonally obilpated to pay the sums seCUred —
<br /> by th�s Security Instrument; and (c) agrees that Lender and any other 8orcowar mny apree to extend, modHy, forbear or make any
<br /> - 4 accommodations with ragard to terms of this Security Instrument or the Note without that Borrowers consent.
<br /> _ ` 13.Laan Charges. If the loan secured by this Securfty Instrument Is subJec:t to a law wh�cn sets maxlmum loan charpes, _.
<br /> - and Ihat�aw Is tinfllly Interpreted so that the interest a other loan charges ColleCted or to be collected kf conneCtion with the ban �_--
<br /> exceed the permitteU Iimits, then; (a) any such loan charges shaM b� reduced by the amount necessary to reduCe the eharge to the �__
<br /> perrn�led�anit;and(b) any sums already collected trom Borrower which exceeded permitted limits will be refunded to Borrower. Lender
<br /> may choose to make this refund by reducing the principal owed under the Note or by making 8 dMeci payment to Borrower. If a �:__
<br /> � refund reduces principal,the reductbn wlll be treated as a partial prepeyment without any prepayment charge under the Note. •�3.rr.
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<br /> 14.NOtICeB. Any not�e ro Borrower provided lor In thls Securlty Instrument shall be flNen by dolNerinp it or by mAiltng k by ��M,,._
<br /> Irst c�ass maN uniess appl�abie law requlres use of another method. Th6 not�e shall be dlrected to the Property Address Or eny :�.,
<br /> . other address Borrower designates by notice to Lender. Any notice to Lender shall be pNen by first cless maii to Lender's addresa _
<br /> j stated hereln cr any other address Lender designetes by not�e to Borrower. Any not�e provlded for in thls Socuriry Instrument ahail
<br /> be deerned to have been given to Borrower or Lender when glvUn as prOVided �n this paragraph.
<br /> 1 15.Governing Law; Severabiltty. Thls Securny Instrument s►,an be govemea by �ederai �aw and �he �aw o� the .
<br /> jurisdiction in which the Property Is loceted. In the event that any prov(sion or Clause of thiS Security Instrument or the Note vonlliCts
<br /> �• � with uppicable iaw, such conflict shall not aHect other provislons of thls Security Instrument or the Note wh�h cen be gNen eHect
<br /> � w�thout the conflicting provis�on. To this end Ihe provisbns of thls Security Instrument and the Note are decierod to be severable,
<br /> � 16.BOf�OWOt''S COpy. Borrower she�l be given one COnformed copy ot the Note and of this Security Instrument.
<br /> .,. .w., o.n.wnv nr anv
<br /> - 1 17,Transfer of the Property or a Beneticiai Interesi in �sor�ower. �� 8�� �� a��r M�: �� ...� ••-�-•. - . ----—
<br /> mterest n it �s sold or trans(erred (or If a benefirfal interest �n Borrowor Is sold or transterrod and Bonower Is not a natural person) �
<br /> I� w�thout lende�s prbr written consent. Lender may, at ds optfon, requ�re Immedlete peyment in full of ell sums secured by this SBCUrity
<br /> 1 insUUment. However, this optfon shall not be exercised by Lender fl exercise is prohibited by federal law as ol Ihe date ot this Security ;I
<br /> � Insirumenl.
<br /> il Lender exercises this option. Lender shall give Borcower nolice o� ncceteration. The noUce shall provide a period ol not leSS i
<br /> ' Ihan su aays 'rrom Iha dnt� 1he not�Ce is delivered or mailed withu� which tho Borrower must puy all sums secured by thls Saturity
<br /> insuumenl- u Borrower taiis to puy these sums p�ior to the expiratlon of thls perlod,Lv�der may invoke any remedies permltted by this �
<br /> instrw��0n1 w�thout further not�ce or demand on EiOrrOwO�. Fo�m aoze eioo
<br /> Secw�t Y I
<br /> Pags� o�5
<br /> 1��.��I M��1�t•�71
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