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<br /> T. Proteetlon of Lender'a Rlqhta in the P�operty. It 8orrower talis to peAOrm the covenantS end epreements contalned In .��'(,
<br /> thls Security Instrument, or thera Is 4 IeOa� proceedin9►hat moy slpnitlCtntly aNect Lenders rlphts � the PropertY (such as o proaeedhg h ''ry k
<br /> bnnkrupicy, p�obute, lor condemnatlon or forleltun or to e��o�ce lews ar repulat�ana),then Lender mey do pnd pay lor whetever Is neceseary � '�
<br /> I to protect Ihe velus ol the Property end Lender'sriyhis �n the Property. LenOer's actions muy inC�ude pa�in9 eny Sums secured by a liee � �
<br /> whiCh h86 prlority over lhls SeCUrity InBtrument, e0Pe8rinq In coud, payhA re8sonflb�6 <ornay'6 lees and entering on the Property tu mAke ' j
<br /> iepelr6. Aflhouph Londer may take 8ctlon under tNS paraqraph 7,Lender does not have to do so. __•;�; � ,
<br /> Any emounts dlsburned Gy Lender under this parepraph 7 sh4ll become fldditlonfll debt of Borrower secured by I�is Security Instrum�
<br /> Un�esc Dorrower and Lender apree lo other terme of payment, those amounts 6hall beer Interest from the date ot disbursement at the No �, +
<br /> ,� g ment. . � '`
<br /> ralo nnd�hnll ho pnyab�a,with nterast.upon notke f�om Lender to Borrower requestln pey
<br /> . 7„� 8. Mortgeqe ItlsurenCe. It 4ender requ�red rnortgaqe �nsurance as erC Cenin eMeClmif,for any reason,he mortpapesinsuran� �
<br /> Inalroment,Borrowor anall pay tho premh�ms requred ro mafntatn the mortgeye insu a ��`�'.:,_
<br /> .:.��"' 'c coveraq� requred by Lender lepses or ceases to he h eHeat, Borrower shall pey the prern{ume requked to obtaln aoverape substnntYl� ,«; . .; -
<br /> ' • '"�'' equNalent ro the mortqaye Insurnnce prevlousy In eifect, at a aost subatanllally equlvalent to the aost to Borrower oi the meRyage Insurance ;.",�t ,���:.
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<br /> provlouely in otteot, irom an nkemate mortpe�e nsurer approved by Lender. If substant►aly equNalent mortpape inaurance aoveraye �s not ; °'
<br /> avaHable, Borrower shail pay to Lender each month a sum equal to one�tweMth of the yearly mortqage hsurance premlum behQ paid by '. : _
<br /> � Borrower when the Insurance coverage lapsed a ceased to be in eHect. �ender wNl accept, use and retaln these paymems c+s a bss � ,v`LJ,�^.c_
<br /> � reserve In Ileu ol moAyaqe Insurance. Loss reseive paYments may no lonper be requked, at the optlon of Lender, If mortyepe hisurance '..�.,,
<br /> ? coverafle (h the amount and for the perlod that lender requkes)provkled by en insurer approved by Lender ageki becomes evalleble and Is , _� _
<br /> obtalned. Borrower shall pay the premlums required to maintah mortgage insurance In eHect, or to provlde a loss reseNe, untii the
<br /> requirement for mortga8e Insurence ends in eccorda�ce with any written agraement between Bortower and Lender or applbable law. . —
<br /> � 9. I n s pectton. Lender or tts agent may make reasonable entrles upon and hspectlons of the PropeAy. Lender shall IMe Borrower
<br /> notice al the time at or prior to an Inspectlon specaytn9 reasonBble cause for the InspeCtion.
<br /> ;;., 10. Condemnation. The proceeds ol any 8ward or claYn tor damages, direct or consequenifai, n com�ectlon w�h any
<br /> `� condemnntbn or other taking of any part of the Property, or for ConveyanCe h Ileu of condemnat�on,are hereby ass�gned and shall be paid —
<br /> 1� to Lender. Iled to the sums seCUred by thls SecurAy Instrument, whethe�or .
<br /> n In the event of a total taking of the Praperty,the proceeds shail be app �Whbh the feP ma�ket value of the Property
<br /> � not then due, with any excess paid to Borrower.ln the event of e panlal takhQ of the Property
<br /> immed4tely before the taking �s equal to or greeler than the amount of the sums secured by this Security Instrurnenl immedleloly before ihe
<br /> takhg,unless Borrower and Lender otherwlse ag�ee In writing, the sums secured by thls Security Instrument shell de reduced by the amount _
<br /> �, ol!he prxeeds muftiplied by the following iractbu: (a)the total emount the of sums secured immadlately before the taking, divided by(b)the =
<br /> fBr market value of the Property Immediately betae the taking. My belance shall be pald to Borrower. In the event Of a partlfll taklny of the
<br /> � Property in which the fak market value of the Property Immedlatey befo�e lhe taking is bss than the amount of ihe sums secured immedmtely
<br /> be�ore the teking, unless Borrowe� and Lender dhern�se agree in wrding or unless applicable Iflw otherwise provides, the proCeeds 8he0 be
<br /> _ �. applied to the sums secured by this SeCUrdy Inswment whether or npn�pets�uB�sf o�Weh hatthe Condemnor otters ro make an award or 68tt1e
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<br /> If the Property IS abflnooneo uy ow��wnr, N�t,s!tat.^•�t�8 Dy L- - — -
<br /> applyimherp oCeedss at�ts optionl'eithee to�estaat ondor eipak of heY P operty o tlto t eesumseslecu ed byt h�s rSecur tY I stNment Iwhethor
<br /> '� or not then due,
<br /> Unless Lender end Borrower othervvise a9ree in writlnq, any applicetlon of proceeds to principal sheN not exlend or postpone the due
<br /> dete af the monthty payments reterred to In parap�aphs 1 and 2 or change the amount of such payments.
<br /> 11. Borrower Not Released: Forbeer�nce By Lender Not a Watver. Exte�sion of the tlme fa payment or modifMation
<br /> of amortiration of the sums secured by this Secur►ty Instrument granled by Lender to eny successor h Interest ot Borrower shall not opaate
<br /> to release the Ilability of the orlglnal Borrower a BaroNers successors h hterest, Lender shell not be requlred to commence proceedhps
<br /> eyalnst any successor h interest or refuse to maend time for payment or otherwise modity amortizatlon oi the sums secured by this Security
<br /> Instrument by �eason o} any demand made br the originsl Bwrower or Borrower's suCCessors fn Interest. Any�orbearenCe by LendK k�
<br />- ., exercising any rpht o� remedy shall not be a wei+er of or preClude the exerC�se of any right or remedy.
<br />- 12. Successors and Aesigns Bound; Joint and Several Ltability; Co-stgnera. The covenanta and ayreemenl8 ot
<br /> thls Security Instrument shall bind end be�iefit the successors end assqns of Lender and Borrower, subJect to the provisiona ot pnreQreph
<br /> 17. Borrower's covenants and agreemonts shel be Joint end several. Any Bortower who co•sipns this Secu�ity Instrument but does not
<br /> execute the Note: (a) fs co-s�gniny this Security�nsWment only to mortgage,grant,and convey that Borrower's inferest In the Property under
<br />� the terms of thls Sacurity Instrument; (b) 15 not Dersonally oblfgeted to pay the sums seeured by thfs SBCUrity InslNment;and(c) agrees thut
<br /> • Lender and any other Borrower may agree to extend, modHy,(orbear or make eny aCCOmmodatlons wfth regard to terms of this Security
<br /> Instrument or the Note without that Borcowers consent. ----
<br /> �' 13. LOGI1 Ch81'g@8. If the 108n seCUred by this SeCUrily Insirument IS subJeCt to a law whiCh sels maximum ban Cherges,and that
<br />! � law is tinelly InterpreteA so that the Interest or other ben Charges aolleCted or to be Col�ected In connectfon with the �oan exCeed the L_
<br /> � permilted limits,then: (e) any suCh lonn Charqes shell be reduced by the emount necessary to reduce the Charge to the permitted Iimi;and r'
<br /> Ib) eny sums etready collected trom Borrow�r whkh exceeded perm�tted Ilmits wlll be refundetl to Borrower. Lender may choos�Ctoem`he 6i N---
<br /> this retund by reducing the pnncipal owed un0er the Noto or by making a direct payment to Bortower. I(a rebnd reduces p �A � �-_�_
<br /> reduction will be treSted as a partfal prepeyment without any prepayment Cha�ge under the Nole. ��----_
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<br />— 14. Notices. Any notfce to Borrower provided for In Ihis SeCUrRy Instrument shall be given by delNering it or by ma���n9 R by tirst ___„_-Y
<br /> c�ess mail unless applicable law requires use oi another method. The notfce shall be directed to the Proporty Address or any othe� flddross ��i.,_
<br /> � Borrower des�gnates by nolice ro Lender. Any notice to Lender sha�l be given by fkst ck�ss mafl to Lender's address stated herefn or any . ��_.-
<br /> � other address Lender despnates by not�e to Borrowsr. Any notke provided for in thls Security Instrument she�be deemed to havo been
<br /> � given to Borrower o� Lender when gHen es pro�ided in this pflragraph.
<br /> � 15. Governing Law; Severebtlity.This Security Instrument shall ba governed by federal lew end ihe Ww of the Jurlsdklbn h
<br /> Iwhich the Property�s located. In the event that any provislon or C�euse of thls Socurity Instrument or the Note conflbts with applfcab�e law,
<br /> I suCh ConiliCt shall nOt afleCt othpr provisions of ihis SeCUrity instrument or the Note which Cen be g'aen eHect with0ut the Co����Cting
<br /> � prov�5�on. To this end the provisions o�lhis Securay Instrument and the Note are deClared to be severab�a.
<br /> 16. BOffOWef'S COpy. Borrower sheu be gNen one contormed copy o}the Note end of this SecuritY Insln�ment.
<br /> . .�_ n__.._.a. ...e ao�.,�►r.tal Interest in BOfI'OWCf. If pll or eny p9rt of thBPrOperty Or any int8�est N
<br /> - � 17. iransier 6� u�c r�vNc..� ... . —_.._..---- _--_•
<br /> d is sold or Iransterred (o� d a benef�c�al inte�est N Bo�rowe�is sold or transferred and Borrowe� �s not ti natural person)without Lenoers
<br /> Iprior wr�lten consent, Lend^.� mey, et �ts optan, require �med'ate payment fn full o�ail sums seCUred by this SeCUrity Insirumen4 Howeve�,
<br /> � Ihis oplron shall not be exerCfsed by Lender d exercise �s prohibited by�edoral 4iw as of t�e date of this Security Instrument.
<br /> � If Londer exerc�ses this option, Lender shall give Borrqwer n0uce of aCCeleration. The notiCe shall provde e period o��ot iess thnn 30
<br /> I days irom the d8t8 the notiCO �5 delivered a�me�ied within �vhlCh the Borrower must pay all 5ums Secured by this SeCU�dy Insirument. II
<br /> � Borrower iails to pay these sums prior to theezpufltion o� this perad,Londor may invoke any remedios pe�mitted by ihis SeCUnty Insuumem
<br /> wfthout lurther notice or demand on Borrowec ,
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