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<br /> 7. Protectio7 of Lender's RI9hU In the P�ope�ty. If Borrower falls to peAorm the covenants and agreemenis contaheC . +
<br /> .this Security Instrument, or there is' n oeeoAeture or��to enforce Iawai'or8requlatlons),t enr,Le der mayt do a d pay forCwhat ve pfs necessary .:-y
<br /> bnnkruptcy, probete,�or Condemnat include payk�g any sume seCUred by e Ilen ,t=
<br /> tu protect tho vaiue al the Property end Lendor's rphte in lhe Propeey� �ea o able`sttor ey's (ees and entering on the Property to make �
<br /> �vhlch has prlorlty over thls aecurity In6trument, a p pearinp h court, p y fl � -
<br /> repaka. ARhouyh Le�der may take aclbn undor thls perapreph 7,Lender does not have to do so. ' '
<br /> Any emounts dlsbursed by Lende�under this paraqraph 7 sheli become additlonai debt of Borrower secured by this Security �nstrument.
<br /> Unless Borrower and Lender aflree to other terms of payment,these amounts ahali beflr Ni�ere'it trom the dete of dlsbursement at the Noi�
<br /> rete and aha11 be paysble,wdh ►nteresL upon notbe hom Lender to Borrower requestlny pay IW�
<br /> $. MortgAge Ina�rance. II Lender requked mortga9e �nsurance 8�S ra ce k'oeHectm I,�lor any reeson,ethe m Apege nsu anqA� _ _. _
<br /> Instrument. Borrower shall pay the pramkims required to maintain the mortgape
<br /> ,,,,.....� - coverage requ��ed by Le e NsurBnCa p�evlously In eHect,�at a�coat s bstantlelry quw lentp om emcostQo Bortoweb`ofnthe mort{�aye hsuran� -
<br /> . �' equNalent to the mortgag '
<br /> " prevlousy �n eHect, from an alternate mortqa0e Nsurer app�ovod by Lender. If substantiaNy equNelent mortyape Insurence coveraye Is not
<br /> avallapfe, florrower shaA nay to Lender each month 8sedmo beal{n eNect�ender Ilel accept use9and�retatnntheseepayments aspa�losS
<br /> � Borrower whon the insura�ce coverage lepsed or cea ::.
<br /> . I ._.t:�.�'_
<br /> reserve in Iieu of mortgaqe insurance. Loss reserve payments may no bnger be requked, at the optlon of Lender, if moRpaGe hsurance
<br /> t coverage(i� the amount and for lhe period that Lender requYes)providad by an insurer approved by Lender aqah becomoa avallabl�and Vs
<br /> '� obtained. Borcower shall paY the p�emlum corda ce wtth eny writlen agreement between Borroweroend Lendeaor appl�able�w. �ntll the ::w
<br /> requirement tor mortgage Insurance ends In a �=`'�
<br /> _�_
<br /> . � 9. 1�8p@CtI0f1. Lender or its agent may make reasonabie entries upon and hspections ot the Property. Lender shall INe orrower �_
<br /> �.sy
<br /> � not�ce at the time of or prior to an Inspectbn speciryh9 reaso�able cause for tha inspectlon. — ,
<br /> 10. Condei»natfon. Tho proceeds of any award or clakn for damages, direct or consequential, In connection with any �y' -
<br /> ; � condemnation or other takinp of any part of the Property, or for conveyance In Ileu of CondemnetWn, are he�eUy assigood and shall be pa�d ��,
<br /> � to Lender. Iixd to the sums secured by this Se:urity Instrument,whether or '"
<br /> � � In the event of a lotal takinp ot iha Property,the proceeds shall be app h�,,,hich the fak matket value Of the Property _ ,ir._:r,�:
<br /> not then due,with any excess peid lo Borrower.In the evenl of a partlal takinq ot the Propehy
<br /> �^_.--^.=
<br /> � Immediately before the taking is equd to or greater than the amount of the sums securad by thls Security Inetrument Mmedlately betore the Hr V
<br /> ` takinq,unless Bortower and Lender otherwlse ayree � writlnp, the sums sc+cured by thls Security InsWment shaN be reduced by the amount �,;.;,.��_
<br /> of the proceeds multiplled by the fo�Ow�9 Nactlon: (a)the total amount the ot sums secured knmedlately before the tekhg,dNWed by(b)the ��^'!
<br /> �• fak market vaiue of the Property ►rtunedlatety before the takYp. Any baiance shall be pald to Bortower. In the event of e partlal takinfl ot the �
<br /> Properly in whkh the tak marlcet vn4e of tho Propert/ immedlately before the taking Is less than the amount of the sums secured knmedlatey [�a'�'�""
<br /> before the taking, unles u edrb th Securityenstru ent whether o W�ot�hersu ssareth ned e�W otherwise provides,the proceeds shall be
<br /> � applied to the sums sec Y
<br /> ' It the Property is abandoned bY Borrower,or itQa�pf Wahin 30 d8y6 BftB�r herrd8lerthe notbe Is yNen�Lender IS 8ulhorited t 8 olleot and --- -
<br /> -? a claim tor dameges, eonower in�is 1� ra�pand .0 1-- - _
<br /> apply the proceeds, at its option, eAher to restoration or repafr of the Property or to the sums secured 'oy tt�is�ecur.t'; Instrusrsent, whather —_ �
<br /> • � or not then due. _ ___
<br /> Unless Lender and Borrower rted oiin paragraphsrtt and 2nor chanqeithe amounteof$such payments.e� not extend or postpone the due -
<br /> �4 I date of the monlhly payments refe — �
<br /> ,f 11. 8orrower Not Releaaed: Forbearence By Lender Not a Waiver. Hxtension of the time for paymont or rt�odNicatton — - -
<br /> , �J of amortization of the sums secure0 by thls Sec`�Borrowe sesuCCessorabin ht aestto Le der shallsnol�be requked oocomme ce proCeedfnps _
<br /> �,° I to reler.se the Ilabllity of the orlpfnel BoROwer o
<br /> �: agalnst any successor In Interest or refuse to extend time for payment or othervvise modiy amortizatbn of the sums secured by this Seaurky ��.�'_ _
<br /> �' Instrument by reason of any demend made by the orighal Borrower or Borrowers successors In Interest. Any forbearance by Lender In �
<br /> , �� exerclsing anY right or remedy sha�not be a waNer of or preclude the exercise of any rqht or remedy.
<br /> 12. Successors and Aasigns Bound; Jofnt and Severel Liability; Co-signers. The covenants and agreements ot
<br /> �'• this SecurRy Instrument shall bind end b8nefit the successors and assigns of Lender and BottOwer, subJect to the p�ovisbns of p&ragraph
<br /> � 17. Borrower's covenants and aq�eements shell be joint and several. Any Borcower who co•signa this Security Instrument but does not
<br /> y exeCUte the Note: (a)is Co-sfpninp this Securily�nstrument only to mortgege,g�ant,and Convey that Borrower's Interest in the Property under
<br /> the terms ot this Security Instrume�l; (b)is not personaly obligated to pay lhe sums seCUred by this SeCU��ty �nstrument;and (c)a9rees that _
<br /> � Lender and any other Borrower may e9re9 to extend, modity, forbear or make any accommodations wilh regard to tertns of this Security
<br />- �i� Instrument or the Note wRhout thet Borrower's consent. r InstNment Is SubJect lo a law whiCh sets maxMum loen charges,and that
<br /> "� � 13. Loan Cherges• �� the ioan securetl by this Secu fty �.�_ __.
<br /> i � law Is finelly interpreled so that the interest or other loen charg85 Collected or to be Collected in Connectbn wtth iho loen exCeed ihe —
<br /> ' � perm�ted limits,then; (a)anY such loan charqes shall be reduced by the amount necessary to reduce the charqa to the permitted ifmN: end �-4—
<br /> (b) any sums already collected fram Borrower wh�h exceeded penn�tted Itnits wiY be �efunded to Borrower. Lender may choose to meko
<br />- � this refund by reducing the prinepa� owed under the Note or by making a dkect peyment t0 Borrower. If a refund reduCes p��a�PR�� �he �-�� :
<br /> ment char e under the Note. �.i-�'
<br /> reduCtion will be treated as a paAial prepayment without any prepaY 9 �
<br /> 14. Nottces. Any notlCe lo Borrower provided tor in thfs SeCUrfty InStrument Sh811 be gNen by delNering it or by mulling R by �rs t �T•
<br /> C�ass mail unle5s app��cable�aw requires use of another method. The notice shall be directed to the Property Address o�any other 8ddres5 ;+z
<br /> ��ti
<br />- gorrowor desgnates by notke to Lender. Any notice to Lender shall be given by ��rct class mail lo Lender's address stated herein or uny �"`':'.�y, �?'''^:'
<br /> not�ce to Borrower. Any not�ce provided for in this Security Instrument Shall be deemod to have been ,.��,..;;
<br /> other addre55 Lende� tlesignetes by �`'�• �?,
<br /> { givan to Borrower or Lender when given as provided in this paragraph. :.
<br /> 15. Governing Law; Severabiilty. This Security Instrument shall be governed by federal law and the law of the juriShcCtion in
<br /> f UcBble law,
<br />- � whkh the Property is bcated. �the event that any provision or C�ause of thls Securiry Instrument or tho�e^OeHect�wsthout the confliCUng � „
<br /> ' � such confllCt shall not aHect olher provisions o� this Securky Instrument or the Note whiCh can be g
<br /> j provlslon. To this end the p�ovisbns of this SeCUrity �nslrument flnd the Noto 8r8 deClBred to be severable.
<br /> 16. Borrower's Copy•8orrower shall be gNen one conformed copy of lhe Note and of thfs SeCUrity Instrumenl•
<br /> ; 17. Transfer oi the Property or a�BenRfIe�IWI�rinter��st�rinBB errcowea BonoWefls �oe 8 �at��erpeso) W�houtnLe oe.!s
<br /> ' fl i5 SOId Of 1t8�151BffB0 l�f p a'vv.-.ow�o: ::�...... .. _. -..-_:__--.__-._ -
<br /> pr�or written consen6 Lende� maY, 8� ��s option, require�+mediate paymont k� 1uN of 811 sums secured by this 3acurny mszrurnv��i. ��:•a�e:,
<br /> � �his option shnll not be exerCised by Le der shnurgive Borrowerl`notite f otlacCe e etono The otice shall provideyal per deoi not �ess then 30
<br /> II Lender exercises this oplan, all sums secured by lhfs Security Instrument. It .
<br /> ' days from the date the nol�ce a del�vered or mailed wahin wh�ch the Borrowe� must pay
<br />-". 3oirower lads lo pnY lhese surns prior to the expirAtion of this period. Lender mey invoke any remedies permittod by this SeCUrity Instrument
<br /> _ wdhout turther not�ce Or demand on BorrOWer. r-o�m ioae eroo `
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