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<br /> �� � 974�e���� �� � . ` _�<.
<br /> • 7. Rrotec��n o4 Lertder's Rigi�ts In the Fro�erty. ��Barro�rer faiis to PeAorm tha covanants snd agreemrnts aonffiinad in ' , � _
<br /> this SSCUriY InstrumeM� or th�'s is a l�gsl Procers3�p that rt�ay s6gric�' ntiy aflsct Lenders rights in the PropeAY(suCh es a prot�d�B in t-.' . -.- -- '-y�
<br /> panlwptcy, pmbete.tor CondsmnaGon or iorfa�uce or to entarce faws or regulattnns),Yhen Lsndst may do and pay tor wAatevar k�necessary f . . � �,
<br /> � to protect the vahie ot the Pcoperty en0 LBndars rfghts tn the Prope►ty. Lenders aations may h�ch�de OgY�9 �Y sums seeurod by a Ilen I � • �,r:_
<br /> .,�.y.,,� .,....�..s,w erinn,e�.'e hwo anA Esntaih�n on Me ProOerty to m3k8 L---- -- --�—.
<br /> - + W11CR nas prsorny ave�r 6�0�++.-u�nr ni5�um"a'��.a'W��+'••s" w�::• Y+��ro• - - � y--- . ..
<br /> repaUS. Attt►ough Lender msy take ectton undsr this paragraPh 7.�en d ar doas no t h a v e t o d o s o. � ' � '��
<br /> h 7 shail beCOme addRlanat debt of Bortowar securad by this Security InStrumgnL � �{ �
<br />• Any amounts disburssd by LBrtQar under thLs perdgr8p • '
<br /> Untess 8orrower and Lender agree to oiher terms of payment,thsss emounts shall bear mterest irom the date of di�bursemant et tha Note , . " • . , �_
<br /> . `, rato and sh3U bo payable.v�dh interes4 upon notice irom Lender to Borrower requesUn9 PaYment •� � �- --
<br /> � 8. MCft�Qg@ II1S�1P8riCL. If Lendsr raqv�ed mortgage insyrence es a cond"Non ot makin� tha toan secured by thts Sacuriiy � . ,� "�,;
<br /> .. �_.
<br /> - Instrumant,Bortower shail pay ttie premiums requaed to mafi�n the martgage insurance c�eftect if,tor any resson,the mortgage�surar►ee ` , .
<br /> cavxrago requued by lender tapses or ceasss to be a+ eftsct. Bortowar shafl pay tha premiums required to obtatn covara8e S�bstantiaQy ,� � �
<br /> _ �`. � eZuivalant to the mortgege'v►surance p�6�'riousP�in allect,at a cost substantia!y eyuNat�tit ta the cost to Botrovrer of tha moRgage fisuranee -�- -_ .__.-- --_-_ ; � -
<br /> � prertously i� efiect, from an aitemate mortgage fnsuBr approved by L.ender. If substanttally equNalent maRgage o�surance coveraBB Cs �ot . L�
<br /> � avaiiable, Barrower sha[I paY to Lendar each montA a sum Bqua! W onatwetRh of the yeady mortgaga insursnce premvm being paid by . _ .�
<br /> • � Bo�rower when the insurance cevera89 I�Sed or ceased to be in eHect. Lender wi0 aecepi, use and retah�these payments es a lass , - -
<br /> i resenre� Geu of martgaga �surance. Loss resenre paymems may na Ionger 6e requied. at the optian af Lend�, 7 mortqaae insurnnce
<br /> : ; coverage{'m the amaunt and far the psflod thet Lender reQui�s) Provided by an insurer approved by Lender ayah becomss avai7abf�end is :;�' ;� _�'
<br /> obtatned. Bortower sha0 pay the Prem�ms reQu°Bd t° ma�ffiin moRgage a�surance b eRect. or to provide a tass roservs, unbl the
<br /> .,sX.;,- .� requirem�t for mortgage insuranCe ends'v�e.ccordance wdh any written a.;,.^�ement betwaen Borrovrer and lendet or BppGCabi9 taw. �. • ; ._,,_ __—
<br />�';;�.n:iK%7 � _ �� �
<br /> -.ry��� . 9. Irt�EC4I0i1. Lendar or�s agent may meke reasanaDSe e�s upon end tnspecttons of tha Property. Lender shall live Bortowar • • •,��-.:.._
<br /> r�• >4 ���._�.
<br /> "�¢`��'�•� 1otk:e at the t�ne of or pr�or to an Inspecttan specityhg re2sonable cause for the inspecdon. r
<br />�:::��K: ! S.�Fi�f-.
<br /> :.y-. .,�, 10. Condenanatto�a. 7he proceeds of any aa2.-d or cla6n for damages. d"Qect or consequential. in connecHan w�h any 4,;,':� _ ,'y'; :
<br />..�f:r:r, � . .:. ;• .
<br /> c� �ndemnation or other teking et any part ot the PropeRy.ar 5r comreyance tn �au of condemnatlon,are hereb�/assigned and 5hail be pald . k �.�`_•�
<br />,�;;��''� —
<br />..,>,;h::. ._-
<br /> ;if� t0 Le(Idsr. • • . �— - -
<br /> % In the event of a total�c�g of tha PropeRy. the pmceeds shafl�a�,.-��ad to the sums secured by this Secut3yr Instrument,�ar"�th�or , ,. , ,
<br /> not then due,w�h airy e�-s�D�to Borrowar. In ihe eveni of a par�1� •r�g ot the Prap�rtY in wh�h the faU marke!valus of the Property _ �� �.��� ';�
<br /> �.:
<br /> immedFatery betore the C�r� ics equal fo or greatsr than the amount of 3-+_sums secu�ed by this SeCU�yr Instrumen4 immedLatey bBtor9 the r ����
<br /> ' ,. , tslcr�g.uniess Borrower art�f�n d e r o t h e t w i s e a 9�b w r ft�g,t h e s u m s��c u r e d D y th"s�cu r 3 y Instrumeni shail be r2duced by the em0unt -� ..�<,:..-_.
<br />. �; , of the praceeds muRfpOed by the tofbwng tractian:(e)the total amount L':a ot sums seP�d immediately befare the ta:'4z�p,dfirided by{b)U�e • _
<br /> • � tatr martcet valie of the Prapa ty lmmediatsty before the taking.My ba�:�sfiall be pafd to 8ortower. In the euant a4 a parttal taking oi the ';
<br /> � ProPertY in whbh the fair meAcet vafue of t'ra PropeA}r fmmediatety befaro�a takhg Is Iess than the a�r.runt of ffis sums secured immedfatey
<br /> �o t h e n v i s e a p t e e i n K��o r u n i e s s a p p l k:a b f e l a w oth�'ss ProvE�es.the Procesds shall be "�.t�,;w�
<br /> before the tak6fp,uniess Bortower an d L e, : . �* :
<br /> � eppGed to the sums secured by this Secur�2y+Instrument�zt�ar or r,ot the sums ere then due. , •���'�`� —
<br /> ' ;xyt'.�
<br /> �.r, H the property is abandoned by Borrower,or if,af7�-r��e by Lender to Bortower th8t th9 conderm�ar off��s 4�cir�;.te an award or 5ett1B ���, ��•t`1�r,;, �, .. `—'
<br /> ,� a ctafm tor dsrt�age.�.8orrower tails to respond to Lenderr v+��if 30 days aftar the date the rtatice is pNen,Lender is m�tocf�ed to coliect and ?:• . ,''�;.��" :•�
<br /> eAA1y the proceeds,at fts optlon,e8her to restoratbn or rzpair of the PrCDBRy or to U'sa sums searre,:�+thfs Se�:+L�Instrumen�whethm `.:i
<br /> ' or nat ther�Qua � ,�� :." "'°'
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<br /> ' Unfess 1-endet and Borrower otharwtsa agree In wridfig� anY aPPlic�:ia.i of proce�eds to Princ�21 s':1�i1 not e�end or posipm:�¢he due + �!d._ ,`.;`'
<br /> Eate o1 the mnnthy payments rtifened to In paragraphs 1 end 2 ot chan�a L`�e amoum ot such pay�r,e;a�s. ;:' . �
<br /> � � 11. �7toWEt NO3 R_leeSed: Forbearartce By Lender No4 a W�',��. Extenston at the ttme for payrment or mod'dication ,,�Rp,.� �,•� �`' ;}��,:: �
<br /> �`.`� of amort7aiton ot the surr.��cured by thts Secur2yy Inshumon!granted by Lendar to��Y successor b mterast of 6ormwer sha0 not operats a;p;s.c,.�.�,�• , .�
<br />. jr�.,.� r'.{1 �;.
<br /> �- �=- to retease the L'abil3y of tha orfylnal @oisc�erer or Bottowe�u successors in hterest. Lm�der shell not be cequired to cortunence Oroceedinps ,�.� . ��•�;_ •,.
<br /> . , - against eny successor in hterest or reit:�¢e�extend time tor payment or oiherv�ise mod'dy emorUmUon of the sums secured by this Securityr ;F' _•;:•.-'k���:..t. :-
<br /> Insttument by reason of any demand m:dr,by the ortglnal Bortower or Bocrowe►'s succassors N interest Any forbearanco bY l�nder in
<br /> lr:• _:-�w__.'w":_:
<br /> � e�c9tCistng any tipht or cemesy sha0 nat be a wahrer o4 ar IysSCWde the ex�ise of any rlph!or remedy. , ''=%� �-
<br /> 12. Succes�or� ertd Aastgns Bourad; .f�tr►.� end Severel Llab[liity; Co-slgnEra rne coven�as and agreert�ents ot ' � , ,' �'�' _��:
<br /> ��,.. �.. tAts Secun'ty tnsbument shati bNd and henef3 the sucress�rs end assigns of lender and Borrower,svbJect to the(�vLsions ot para�h
<br /> � 17. Bortowere covenants and aQreements shati �e Joint and seueraL MY Bortower who cas(gns this Securdy Instrument b�.4 �aas not . � t��:-'
<br /> ..:,..�. 7.7:,.s,': . A•
<br /> exeeute the Note:(a�is co-signhp thls Securc�y tnswment onty to mor�;,e,Branl.and comsy that Borrower8 hUxest h lhe Prq�f�c.�nder . �".,•
<br /> the terms af thb Seaur�y t��umen�N)�S not persona9y abGgated to Qay the sums secured by thb Secur�y Instrumeat and(a)�that `''' ��-.� � � �
<br /> . • Lender and any other Bo:��sr may aQr�e to e�cten0. ��diry� forbear or make any axommodatlons ws'th resard to tertns of thf� Secur3y ;<,�� �..-. �""i
<br /> ,�,..we.+r�:�-�r_ _.
<br /> �. '`�� Insbumen4 or the Note vrdhout t�et Bortowers consen� •. . ; ::;t��,;..• ��
<br /> � � 13. L0�0 Cl1sTQ@8. It the ben s+r�s.-�a0 by this Securtty Instrument is subject to 8 L�w which s8ts m�dmum ben charQes,and th8t —_ _.. i.-"
<br /> • • Isw Is itr�aUY int�rpcetad so that the ir.:�u�t ar otAe� toan charges coliected or to be collected 'cc c�nnectbn with the ba� wxeed the .�t�!�°•°��.""
<br /> . _ permRted Rtnits,them.(a)eny suCh loan charggs shall be reduced by the amount neCessary to reduce::�3 charp9 to th�pertnflted Cm�; end � 'ytt:�'�.,.�y.,�.� _ ..
<br /> , (b)any sums atdady callected hom Borrower whkh exceeded �ertnitted Iimits witl be refunQed to 8orrower. L�tdP.!may Ch0059 t0 rttYke .: �k`•�L�.
<br /> thls ce�urtd by ceduchg the pficipal owed under the Note or by making a a;rect payment to Bortower. ff a��i^sQuces principtl. the • _ r""'
<br /> ' reQuctbn wID 6e b'eated as a parttal prepaymeni wahout erty PrePeYmer►t char9e under the Note. �• `•,��'� .. �"- .
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<br /> 14. NOtiC�s. My noUce to Borrowar providad lor In thls Security Instrument shaD Oo ghren by detivering ii or by rrta� �C by ftrst v.�_a:�,��`_>• _. _.__.
<br /> � F„�" ctass ma�uniess appOCable law requtres use of enother method. The notice shall bo dt�ected to the Property AdQsess or nny oY'3r eddress :��;-_;;�-;� : :, —
<br /> . Borroww designatss by �c"Jco to Lender. Any noUce to Lender shail be gNen by first ctoss mail to Lenders aadress stated herein or eny :-;����.:, .: _
<br /> other address Lendat dosipnates by no2lce to Bortovrer. My noUce prwided tor In this Security Instrument shell be deerrie0 to have begn � • � '.' �
<br /> '°t `�,���,,�'�F"i:i�. .
<br /> ghren to BOnmyet or Lender when glven as provide0 in this P�91ePh• ��'tifT��;'.
<br />� � 1b. Govern fng L aw; Seva r a b u t t y. Th i 9 S e cu ri i y tns t r u m E m t s h a 0 b e g o v e m a� b y t e��r[i i t�w c n d t h e l a w o f t h e J u r i s d i C t i o n b ••,��,,,.
<br /> ' wAich the Property is located. In the event tha! eny provLston ar clauso of th(s Security instrument cr the Note conflicts wfth appQCabie law, � � ""' ', .
<br /> � ':''?:���,;. .
<br /> . sucb conflict shatl not affect other provisbns of th� Securityr Instn,ment or the Note which can be gMen ef[ect wfthout the coniJicUng • , . • _
<br /> prov(ston. To this end tho provtsinns of thb Securdy tKS�suTant and the Note ale dechred to be seuorabl�. .
<br /> 16. BDftOH@T'8 COpy. Borrower Shait be gi:�o�e corttorr.�ed copy o}the Note and ot thts Securityr Instrument. � ' ' � �
<br /> 17. 1 iansfer oi tho Proper�or s Beneficia! In4ea�t in Bono6aer. If ail or any part of ths Property or any mterest m � _
<br /> ft Is Said or Uanstorted (or H e beneflciel hterest h Bort�wer Is sotd or transterted and Borrower is not �nttural peraon)w�thout lendats : r'�`
<br /> a-�.
<br /> ' prior wr�ten consent,Le.�dor may.at its option, requpo cnmediate payment in tuU of eA sums secured by thb Securfty InsSrumenL However.
<br /> � this option sAa(I rtot be e�ce+�ised by Lender U exe�iso is proh��ed by tedarai lavr as ot the date of this Security Inse'umen� ' —
<br /> � 11 Lendst enetC4ses this option, Lender shall gNO Borrower not�ce ot acaeleration.The nOtica shatl provlda e period of not Ioss than 30 � � — -
<br /> �. •. days from the date the notice is delivered or me�lod w3h� whiCh the Borrower must pay flll sums seCUred by this SeCUrtty Instrument If � � �
<br /> • BortowEr faiisa to pay these sums prlot to the�tation of thfs parbd.Lender may invoke any remedies pertnmrrd by this Security Instrum�ri
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<br /> wRhout fuRher notico or demand on Boaower. � ._
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<br /> . Form 702E 4160 . . '
<br /> - J F400�.LMO(i0/88) Pag�9 0l 5 � � . , '�,;'-°
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