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<br /> 7. P�atection of Lender'a Rights in the Property. it eorrower �aus so pertarm me covenems and aqraements . �
<br /> oontalned k��this 5ecurily Inatrument, or there is a lepal proceedhp Ihat may slpnif�ent�y aifect Lender'o riphts N the Property (suCh ss
<br /> � a proCeeding In benkruptcy,probnte,for Condemnetlon or foAe�turs a to enferCe lawa nr repulatlons),then Lender m8y do end p�y for (�
<br /> ' ! whatever is necessary to protect the value of the Property and Lender's rbhts in the Property. Le�de�ee6oniable at orney ad e 8B8nd � •
<br /> 8ny sums secured by e ��en which ha5 prbrity ovor thls SecurRy Intlrument, appeering h court,pay 9 _
<br /> 1 enterAgyoa�ounts�d sburs d by L nder unde�th 3Lpa agraph 7a sha11 tbecomeBaddRlonaggdebt of Borr�ower�secured by Ihls Security ��� "
<br /> � Instrument. Unless Borrowet and l.endor a0ree to other lerms of payment, these emaunts 6haN bear fnterest irom the date ol�
<br /> I disbursement at the Note rale flnd Shail be payeble,with Interest, upon notiCe from LendBt to Darrower request„g paYmenl. �"y I
<br /> 8. Mortgage !nsuranae. If Lender requfred martqage insurance as a conditlon oS making the loen secured by this SeaurRy+� ,
<br /> ' Insirument, Borrower shall pay the premiums required to mfllntain ine mortpape insurance n eHect. If, for uny :eason, tho mortgag�
<br /> hsurance coverage requked by Lendor lapses or ceases to be In e�ect,sorrower shaA pay the premlums requked to obtnln covera4eQ
<br /> . - -•"� substantially equNelent to the mortgage hsurance prevlously In eff6et, at a cost substantlally equNalent to the aoat to Borrower of th�
<br /> �" mortgage Insurance prevlously In effect, hom an atternate mortgage insurer approved by Lender. II substanllalty equlvalent mortgapa
<br /> insurance coverage is not available, Borrower shall pay to Lender each month fl aum equal to one-twelfth of the yearly moR4aye � •
<br /> in3urance premlum being peld by Borrower when the insurance coverage lepsed or ceased to be fn e8ect. Lender wlll accept, use and ' '��,�,t f:
<br /> reialn these payments as a loss reserve in Iieu of mortflage hsurance. Losa reserve payments may no longer be requked, at the �.�
<br /> option of Lender, it mortgage k�surance coverage (In the amount and for the perlod th8t Lender requlres) provlded by an inaurer : •{�;:�:,:
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<br /> approved by Lender again becomes avallable and Is obtalned. Bortower shatl pay the premiums required to maintaln moRgage M`.;,,_
<br /> Insurance In eHect, or to provide a Ioss reserve, unlll the requ irement for mortgage insurance ends In accordance with any wrmen ..
<br /> � agreament between Borrower and Lender or eppl�able law• � =-
<br /> � 9. It18p@Ct1011. Lender or its agent may make reasonable entries upon and inspectlons of the Property. Lender shall gbe :�:� �w
<br /> � Borrower notice at the time of or prlor to an inspection spec�ry„g reasonable cause for the Inspection. '•_��i'�,��
<br /> � 10. Condemnation. 7he proceeds of any award or claim for damages, dkect or consequential, in connection with any , .;��
<br /> } , condemnatlon or other taking of any part of the Property, or�or conveyanCe �n ��eu ot condemnation,are hereby asslpnod and eh81i be ; ,
<br /> pald to Lender. t;�'�
<br /> In the event of a totel taklnp of the Property, the proceeds Shau be applled to the sums secured by this Security Inatrument, •• ,
<br /> i whether or not then due, with any excess pald to Borrower. In the event of a partlfll takhg of the Property In wh�h the tak market
<br /> value of the Property Immediately before the taklnp is equal to a greater than the amount of the sumc 5ecured by this Soaurity •f�,�.;
<br /> . Instrument immedlately belore the taking, unless Bortower and Lender otherwise agree in writing, the sums secured by thls Securfty
<br /> Instrument shail be reduced by the amount ot the proceeds mul�pliad by the foilowing iraclbn: (a) the total amount of the sums .L4_
<br /> Immedlatel before the taking, Any baience T
<br /> �+ � secured !mmedieteiy before the taking, dlvided by (b) the tair ma�ket value of the Property Y - �
<br /> � • shall be paid to Borrower. In the event of a perti3l tuking o( the Property in whiCh the fair market value of the Property �mediatey ,
<br /> � � before the taking fs l ess t hen t he a m o u n t of the sums secured fmmedlateiy before the taking,unless Borrower and Lender otherw�se , �.:- .�
<br /> �M � ; agiee in writing or unless appl�able law otherw�se provides, the proceeds shan be applled to the sums secured by thls Secur i t y pia P;-
<br /> �1 Instrument whether or not the Sums are then due. ��� a .�
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<br /> I(the Property is ebandoned by 6ortower,or if,after not�ce D)Lendnr tu 8urowar ihat!h��o•^•�Qfn""� ^N?rc to make an award Or
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<br /> settie a c�aim for damages, Borrower faNS to respond to Lender wGhk�30 days efter the date tho notice Is gNen, Lender is authorized `\
<br /> to collect and appiy lhe proceeds, at its option, either to restoratbn or repflk of the Property or to the sums 6eoured by thls SeCUrky y.
<br /> Instrument,whether or not then due. r'
<br /> •, Uniess Lender and sorrower othervvise agree „ w�nin8,any epplicatfon of proceeds to prncipal shau not eMend or poetpone the •,
<br /> � due date of the monthly peyments referred to In paraqraphs 1 and 2 or chanye the amount of suah payments. ;�
<br /> � 11. Borrower Not Released: Forbeerance By Lender Not e Welver. Exlensbn or cna t�me tor payment or �
<br /> � mod'rf�atbn of amoRlzation of the sums secured by this Security hstrument pranted by Lender to any successor in Nterest of Borrower ��.0
<br /> � shall not operete to releasa the Iiabiiity of the original Borrower a Borrower's suCCessors in hterest. Lender sh&II not be requked to
<br /> � commence proceedings against any successar In interest or refuse to extend tkne for payment or otherwise modify amortizution of the �
<br /> ?�. sums secured by this Security Instrument by reason of any demand made by the origlnfll Borcower or Borrower's successors In �
<br /> v� �te�est. �y �orbearanCe by Lende� �oxercis�g any right or remedy shall not be a waiver o�or preclude the exerc�se of anY rlpht or �
<br /> �' remedy. _____
<br /> ` 12. Successors and Assigns Bound; Joint end Several Liability; Co-sfgners. The covenants and
<br /> agreernenls ot this Security Instrument shali bfnd and benefit t�e successors and asSigns of Lender and Borrower, subJect to the
<br /> �� provisions of paragraph i7. Borrower's covensnts and agreemenis shall be joint and sever8l. Any Borrower who co•signs this Securky =_ ,�
<br /> ! Inst�ument but does not execute the Note: (a) �s co•sipning thfu Security Instrumertt ony to mortpage, qrent, and convey thet __
<br /> �, Borrowor's interest �the Property under the terms of this Securlry Instrument; (b)is not pers0�aily obifpeted to pay the sums seCUred �_-_-----
<br /> by this Security Instrument; and (c) agrees that Lender and anY other Bortower may ayree to extend, modlly, forbear or make any `,-���� -
<br /> accommodations with regard to terms of this Security Instrument or the Note wRhout tht�t Bortower'8 consent. :�"_—
<br /> ' 13. LOan Cherges. �t the ioan SBCUred by thl5 SBCUrity Instrument Is sub�eet to e�aw wh�ch sets maximum �oan charges, -_
<br /> and that law �5 �inally tnterpreted so that the interest or other ban Charge� colbcted or to be colleCted � con�eCtlon with the �oan „? �,,
<br /> ' r exceed ihe permitted limits, then; (a) any such loan c harges s h e l b e r e d u c e d b y the amounl necessary to reduce the Charge to the :, ��
<br /> � permitted limit;and (b) any sums already collected Irom Borrowe�whiCh exCeeded permitted limits will be retunded to Borrower. Lender ,�r^ �;Yi�
<br /> '1 may cnoose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bortower. If a .,�f� v_•..��,
<br /> refund reduces princ�pal,the reductfon will be treated as a pertialprepayment wilhoul any prepeyment Charge under the Note. ��
<br /> 14. NOtiCeS. Any not�ce to Borrowe� provided �or in this Security �nstrument shall be gNen by delivering it or by malling it by _... :„_
<br /> in�t ciass me�l uniess applicable law requfres use of another method. Tho not�e sh&II be directed to the Property Addres5 or any I '.•;.•
<br /> other address Borrower designates by notice to Lender. My not�e to Lender shall bo given by first class mall to Lender�address
<br />- stated herein or any other address Londer designates by n�tice to Borrower. My notiCe provided for in this Security Instrument shau I
<br /> be deemed to have been given to Borrowor or Lender whon given as provtded In tlils paragrAph.
<br /> 15. Governing Law; Severabiltty. Thls Security Instrument shall be govemed by feder8� law and the law of the I
<br /> , juri,d�ction in which the Property �s �ocated. In the ovent thet e�y p�ovision or clause o�this Securtty Instrument or the Note confl�is
<br /> with applicable law, such conflir,t shell not aMeCt other provisbns of this SeCUrity Instrumenl or the NOte whkh Can be glven eNecl
<br /> withuut the conllicting provision. To this end the provisions of ihis SeCUrdy Instofmhe No e tandNo,th sr Securty nstrumentVerable.
<br /> .! 1R. BorrOW@f�S COpV• Borrower shall be g�ven one c0�formed Copy _ __� �� ,ti� p,�„o,�� nr anv
<br /> � 17. Transter of the Property or a Beneficial interesc in nvrrow��. �� a�� o� a��� ��•, �• •••- � -�- • � r - - ----�
<br />' +�ro�est m a �s 5o�d or Ira��s�ttrrad 1or rt a benel�cal �nlerest in Borrower is Sold or trpnsferred and Borrower IS not a natural perSOn) I
<br /> wdhout Lantler'S p��or wntten co��SenL Lender mey, at ds ophon,require mmed�ate puyment m fuN of eN Sums SeCUred by thls SBCUfity i
<br /> InSUumei�L Howeve�. Ih�S opdon shall not be exerC�sed ny Lender if exgrCise is prohibited by�ederal law a5 of the date of this SoCUrily I
<br /> I
<br /> InSUument.
<br /> II Lender exe�c�ses th�s opt�on, Lender shall Qive Borrower notfce ol accelerallon. The notfce Shall provide a period o} not ss
<br /> than 30 days �rom the date the not�ce �s deln�ered or mo��ed wRhin which the Borcower must pey all sums secured by thfs Securdy
<br /> Inslru�nent. II BorrOwar�alS lo pay the5e sums p��or to lhe exp�dtion o�this parioA. Lender may nvOke uny rem�dies p9rm'��ttmd,o e eh o
<br /> � SeCUnty Insirumont wdhout lurther not�co or demend on BorrowM-
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