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<br /> • 7. Protectlon of Lender's Riqhts in the Properry. u sorrower raus co peno�m cne co�e�ants and agreoments
<br /> contefned i� this SeCUrity�n5trumenR or there is a �al proceedinp thet may slp�M�ant�y eMect La�der's rights in the Property (suCh as
<br /> � n proceeding In bankn�ptcy, protrale,for condemnatlon or fo�eiture or to enfarce Iaws or regu�at�o Lenders acdons m8y�ncude payhg � -
<br /> i whatever is necossary to p�otect tho vnlue ol the Property end Lenders rlghts In the Propany. �
<br /> I any surris secured by a lien whbh hes prlority over thls Securtty Instrument, appearinG h court, peylnp reasonnb�e attorney's fees and � Sl=
<br /> I entertnfl on the Proparty to mika repeks. ANhouph Lender m4y teke aCtlon under thls parepreph 7,Lender doea not have to do so. _
<br /> IAny amounts dlsburded by Lender under thls paraO�aPh 7 shaN beoome addltiontl debt of Borrower Secured by this Security Q �
<br /> � Instrument. Unless Borrower and Lender agree to other lerms o1 payment, these flmounls shell bear Interest Irom the date Of �
<br /> dlsbursement at the Note rate and sha11 be peyable,wN�Interest,upon nat�e from Lender to Borrower requesting payme.�t. -
<br /> � 8. Mortgage Insurence. If Lender required mortgage Insurance as a conditlon of making the loan secured by thls SecurRy Q. j '�
<br /> IInstrument, Borrower sh811 pey the premiums required lo mahtan the mortgaga insurance fn oNOCt It, for e�y reason, the mortgage
<br /> � insurance coverage requked by Lender Iepses or ceases to be In eNect, Borrower ahall pay Ihe p�emtums required to obtaln coverape `
<br /> I substantially equivalent to the mortgage insur8nce prevlously in eHect,at a Cost substantlaliy equlvalent to the cost to Qorrower af the _
<br /> mortgage insurance prevbusy in eflect, irom an alternate mortyege insurer approved by Lender. It substantlaly equlvalent mortpape
<br /> Iinsurance coverage is not available, Borrower shall pey to l.ender each month e sum equal to onatwelfth of the yearly mortqaye ;i
<br /> 1 insurance premium being pald by Borrower when the Nsurance coverage �apsed or ceased to be h effect. Lender wlll accept,use and . _ ", � ,
<br /> •-'.c::� av
<br /> retaln these pnyments as s loss reserve in Ileu of mortgaye insurance. Loss reserve payments may no longer be required, at the ���,-(.•-
<br /> optbn of Lender, d mortgage insurance coverage (h Ihe amount and for the period that Lender requires) provided by on insurer 5;_�..__,
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<br /> approved by Lender apaln beCOmes avallable and Is obtained. Borcower sheY pay the prembms requked to mafntain mortpage ';,:� __
<br /> • InsurRnce In eBect, or to provide a loss reserve, untll the requlrement for mortgaga hsurance ends h accordance with any wr{tten -
<br /> agreemant betwoen Borrower end Lender or appllCSble law. " -
<br /> 1 9. Inapectton. Lender or ks agent may make �easonabie entries upon and Inspect�ons of the Property. Lender shall gtue , ' �_ ___
<br /> � Borrnwer not�e at the time of or prior to an Inspection specifying reasoneble cause for the inspection.
<br /> i 7 10. Condemnetion. The proCeeds ot eny award or claim tor dameges, direct or consequential, In Connection with any
<br /> #� condemnation or other taking ot any paR of ihe Properly, or for conveyance In �Ieu ot Condemnatlon, ere hereby assignetl 8nd shall be ..
<br /> � paid to Lender.
<br /> ` In the event of a total taking of the Property, the proceeds sheN be applied to the sums secured by this SecurRy Instrumant,
<br /> . ` 'i whether or not then due, with any exCess pafd to Barower. In the event of e pBrtial Iaking of Ihe Property in which the fgir merket
<br /> t value of the Property knmedlately before the taking is equal to or greater than the amount of the sums secured by this Secur4y
<br /> � Instrument �edlfltely before the taking, unless Bonower and Lender otherwise agree In writing,the sums secured by this SeCUrity
<br /> Instrument shall be reduced by the amount of the proceeds muftiplled by the foliowhg (raction: (a) the total amount of the sums ti.
<br /> �• secured Nnmodiatety before the taking, divided by (b)the ter merket value of the Property Immedlately before the taking. Any balance _
<br /> shall be pald to Borrower. In the event of a partlal tek(ng of the Property In wh�h the felr market value of the PropeRy Immedlately : �
<br /> o before the teking k less than the amount of the sums secured knmediately before the taking, unless Borrower and Londer otherwise .���I � .4{.•
<br /> �� �•' agree in wriling or unless appliCable law othervvfse provWes, the proceeds shall be applied ta the sums secured by thls Security Q �
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<br /> __ �. Instrument whethor or not the sums are then due. �V• � "
<br /> If the Property Is ebanCOnetl by norrower,o� it,atiar r0t�a�y Le.^.de!t^ R�rrower that the condemnor oHers to mflke an awArd or �:c
<br /> settle a claim tor dameges, Borrower falls ro respond to Lender with h 30 days efter the date the not�e is gNen, Lender is authorized �. "�;
<br /> to coHect and appy the proceeds, at �ts optbn, either to �estoration or repeir o�the Property or to the sums secured by this SecurRy ,!``
<br /> Instrument,whether or not then due. ` r� ,
<br /> Unless Lender snd Dorrower otherwise agree In writing, any appllCation ot proCeeds to principal shail not extend or postpone the :�:,,
<br /> due date of the monthly payments referred to In paragraphs 1 and 2 or Change the amount of such payments. ;
<br /> � 11. Borrower Not Releesed: Forbearence By Lender Not e Watver. Extensfon o� tne c�ne ror peyment or �Y
<br /> � modif�etion of amortization of the sums secured by thls Securiry Instrument pranled by Lender to any auccessor In Interest of Bortower ' ,_
<br /> � shall not operate to refease the Ilabllity of the orfpinel Bortower or BoROwer's successors h tnlerest. Lender ahali not be requked to
<br /> ,p.
<br /> �� � commence proceedings agahst any successor In interest or reluse ta extend time for payment a othervvlse modify amortlzatbn of the _------ _
<br /> � , sums secured by this Security Instrument by reason of any demend made by the orfghal Borrower or Borrower's sur.Cessors In _
<br /> �, interest. Any forbearance by Lender in exercishq eny right or remedy shall not be a waiver of a preClude the exerCise of any right or �
<br /> remedy. �`-�--
<br /> 12. Successors and Aasigns Bound; Joint and 5everal Liebility; Co•signers. Tne covenants ar,d ����,
<br /> agreemonts of this SeCUrity Instrument shell bfnd end benefit the successors and assigns of Lender and Borrower, subject to the �__��
<br /> � � provisions of parag�aPh 17. Bo�rower's covenants and agreements shall ba joint and several. My Borrower who co•signs this Security �:Q _
<br /> • Insirument but does not execute the Note: (a) is co•slpning this Security Instrument only to mortgage, grant, and Convey that �.;-�_—._
<br /> . ��r.ry,.,
<br /> �. � Borrower's Nterest i� the Property under the terms ot this Security Instrument; (b) is not pe�sonelly oblfgated to pay the sums Secured �."��_.
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<br /> by this Security InStrumenC and (C) ag�ees th&t Lender and eny olher Bortower may agreB to extend, modily, forbe8r or make any �,._.--�-
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<br /> � accommodations with roaerd to terms of this Security Instrument or the Note wRhout that Borcower's consent. ___
<br /> � :' 13. Loan Charges. If the loan secured by this Securfty Instrument �5 subJect to a law whl�h sets maximum Ioan charpes, "�
<br /> and that law is finally interpreted so that the �nterest or other loan charges Collected or to be calleCted in connectlon with the�oan �;i '�;;."
<br /> exceed the permitted ifmits, then; (al any such loan charges shall be reduced by the amount neaess8ry to reduce the Charge to the ' '.r i�IA�
<br /> permitted Iimit; and (b) any sums alrendy collected trom Borrower whbh exceeded permitted limits will be refunded to Darrower. Lender t.�.�',,.�,.....;4'
<br /> ,� mey choose to make this refund by reduCing the princfpai owed under the Note or by making a direct payment to Borrower. If a .
<br /> � retund retluces principal, tho reduction will be trestod as a partial prepayment wilhout any prupayment chnrge under the Note.
<br /> I 14. Notices. Any notice to Borrower provided fa in ihis SeCUrRy Inslrument shall be gNen by delivering it or by mailing q by
<br /> J first C�ass mail unless applicable lew requires use o� another method. The not�e shall be dYected to the Property Address or any �- ' .�'rS
<br /> jother adtlress Borrower designates by not�ce to Lender. Any notiCe to Lender shflll be gwen by frst class mail to Lender'S addreSs
<br /> JStated here� or any othe�address Lender desgnates by not�Ce to BorrOwar. Any notice provided (or in this Security �nstrument ShBIi
<br /> � be deemed to have been given to Borrower or Lender when gNen as provided N thls paragraph.
<br /> 15. Governing Law; Severabilfty. This Security InstNment SheY be govemed by federal 18w and tlie 18w ot the
<br /> Ijurisdfctlon fn wh�h the Property �s located. In the event thet any provisbn or clause of Ihis Securdy Instrument or the Note conflfcts
<br /> , with applicable �aw, such Conflict shall not atlect olher provls�ons of this SeCUrky Instrument or the Note wh�h can be gNen eMeCt
<br /> � without the conlliCting provislon. To this end the provisions of lhis Security Instrument and the Note are deClered to be severeble.
<br /> 16. Borrower'e Copy. Borrower Shall be gNe�� one confoRned:opy of the Note and of this Security ��strument.
<br /> _. �_.__��. �., nnrrnwar it a� nr anv nart of th9 PrOperty o� eny
<br /> ' 17. Transfer of the Properry or a �senGiia�o� +��.���a• ��• ---••--•--• - • - _= --
<br /> � mterest m it is sold or Iransferred (o� if a bene}�C�al inte�est n Bo�rower fs sold or irans�erred and Borrower is not e natural person) i
<br /> without Lender'S prior writlen Consent, Lender may,at its opt�on, require �mediate paYment in lull o�all sums secured by this Security
<br /> InSt�umenl. However, this opt�on Sh811 not be exerC�sed by Lender il BxerC�sB is prohib�ted by loderel law es 0�the date o�thiS SoCUrity �
<br /> Instrument.
<br /> If Lender exerCises thi5 option, Lender shall grve Borrower notice 0� ecCelertiUOn. The notiCe shal! prowdo n pa�iod of not iess i
<br /> than 30 days Irom the date the notiCe is de�ivered or meiled within whkh the Borrower musl pay &II sums seCUred by this SeCUrity ,
<br /> InSl�ument. If Borrower 1815 l0 p8y tho58 SumS p��0� to Ihe expuallon o��hi5 period.Lender may invoke tiny remedies p[Trmdted by this �
<br /> Fo�m ]01P D•90 i
<br /> Sec:unty Instrument wilhoul further not�ce or demand on BorrOwer.
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