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<br />• ` � 7. Protection ot Len�er's Rlgi�4s In tbs Properiy. �t Barrotiver tens to pertorm the cavenan��a��ts • .•�"i'��s�'�����'.�..';'
<br /> _ _ � contained in thiS Security IrtsUumen� or there Is 8 fagal proceed�ng tAat m3y siSnHicantly affect Lenders righis tn the PropeRy(suCh es ,` . _.
<br /> � a proceeding tn CanlwDtcY.P�b�for condemnaUOn or forfedura or to enior�s laws or regulatlonsj,then Lender may do and pay far ' _-
<br /> ' whatwar 1s necessary E� D�te��8�Iue Of the PropeRy 8nd Lenders rights m the Property. Lende�s acttans may h�cNde paY�9 -
<br /> any sums 56cured by a lien rlhich has Oriority over tMs Securityy Instrument,apAaarin9� �u�7ale dar does ot have tosdo9s�d . . 3i
<br /> entarmg o�the Praperty to make�ePsirs• Atthough Lender may teke actEOn under this paragrap r--
<br /> ,�..
<br /> qny amo�nts disburssd by Lender under thLs paraBraPh 7 sheD became addiUonal debt ot Bo►rower secu�ad by thts Security :. ,�
<br /> inshumant Unless 8orrower end Lendar agree to ather temzs o! payment, these amounts shali beer fnterest m n�the date of . ;
<br /> � disburssmsnt a4 the Not�cata and shall bs payabte.v+ith mteiest.uAQn notice from Lendar to Borrower requestfig Fay
<br /> 8. Mortgage Insuranae. If Lender requ(red martgags insurance as a condition of makfng the loan secured by this � , ,�
<br /> � � Secur�y InsUu�rt6nt, Borrower shali pay the prema�ms required to maintain the mortgage in�urance in effact If, tor eny reasan, the . . . , _ -
<br /> "�= � mortgage insurartcA cov�ra8g r�u�d by Le�'der lapses or ceases to be m eftsct. Borrower shali pay the pramiums reciuced to obtain _
<br /> �,
<br /> ! coverage substantalh eQuiva'e% M the mortgage �surence P�ousiy fn effect. at a cost substanttatlY eQu:valsrn to the cast to i
<br /> ` 1 Borrower ot the rt:ortgage uisure.'�ce prev�ousry in eflect, irom an aftamate mortgage insurer approved by Lender. If substantlatlY . , ,
<br /> ; equivelent moRgaye inseirance ca'PaaSe is not ava�abla. Borrower shall pay to Lender each monM a sum equat to anaNre�fth of the .!
<br /> yearty mortgage�s�r•ee Prer�'�m be�g pa�d by Borrowar when the insurance coverage tapsed or ceased to be t� eKect Lender viiil : 5 :r � __,v
<br /> ..�';,�`_�__
<br /> . , acceQL use er.G r�a:n these payments as a loss resenre in r�eu of mortgage insurance. I..oss resenra paymants may no tonger bo _ ;;.._ .:y.
<br /> ,< � requi2d.at the apton of lender, H moRgage msurance coverage (in the amount and for the psrtod that Lsnder requQes)provided by ,. .` c,��::,,
<br /> I en tnsurer approved by Lender again becomes avaitabte ar+d is obtained. Borrower shall pay the premtums requ'ued to maintain `-Y�r`�_`�_f.�_
<br /> •� 1 mortgage insurance 1� effeCt, or to pmvlde a Ioss �eserve. u^;il the requUemant for mortgage insurance ends �+ accordance wnh a�y -- :,-
<br /> , 1 ._,�.._..;. -
<br /> wntten agrearr.ent between Ba:re:ver and Lender or oppC�csic��aY+• ���er shall give ``
<br /> . ; g, lnspeCUon. �enaer o: its asent may make rsasonsbls enVies upon and c�sp5ctlons of th9 PropeRy. _.____—'' _� - =
<br /> �� ` ' Borrower notice et the time of or prior to an inspectton spoaty�9�on���sa tor the mspectton. , -• '
<br /> ' � 10. Condemnation. me proceees ot any awara or c►alm tc'� dama9es• direect or consequent+al, in conr.ect3on v�Rh any �--
<br /> { , €�=._-:-�-
<br /> :. ; condemnat►on or other tak¢'a s ar►Y Part of Me Property, or�s conveyance in fieu of cortdemnat[on,are hereby sssirr-_y_d and shaD be �..�J_:�,.__
<br /> paid to Lender. I,ed to the sums secured by t4+� �uri�Y Instrument, • .�'. .�`«" __-.
<br /> In the svent ot a total tslc�g of the Property. the P�� shell be app' � which the iatr maA�et ,. � • '-
<br /> . whether or not then due,w�h 8nY �cess .c=�to Borrowe►. In the event of a part181 taktng of the PrapatY - _'�m��
<br /> �` vatue of the F:�J�'•� ���H bef�� N�z ��g � es�uat to or greater than the amount ot tfie sums secured by Mis Secur�y _.._.__�t �,r..���.
<br /> Instrument imm�'�'-� tE`-z'�ti'e taktn9. '`T"� B��Nier end Lender othenrrise agree rt� wrrtm9. the sams secured by thls Sewrfn! .. • :°
<br /> �� ;v.�;1�:.�; _
<br /> `J 5 Instrurt►ant shaU be c2dGC2� �'r �8 e�ount of the proceeds muldpliasi by the followfn9 �ediat ly bsfare th tskN9•��Y b�� . '
<br /> secured tmmadtateN beto:e t`r=takin9� dividsd by (b)the fa�market vatue o}the Prop2rty �'�'� ,
<br /> ' shall he pald to Borrower• h the event ot a partlal tekin9 ot the Property in wh"sch the fair market vshre of the Property immedtat2.y , ; �-
<br /> 1 �.�Y:.���.
<br /> betore the takir.g�s ��� Ih�� �w othenvise provides. the Pao�ds Shall bsee plfed to t�he sumswsecured�hts Secus3Ye -
<br /> agree tn wrTing cr unSeSS a�P �•�.
<br /> InsWment whether or not t'��sums aro then dua - '��'` ��' V—
<br /> N the PropeRy is ebFtndoned by Borrower,or i}.8fter notice by Lender to Borrower that the condemnor oNers to makA en award or „F :.��: -
<br /> � senle a ctaim fcr damsges, Borrowe�Paits to resportd to Lender wtthin 30 days after the date the nottce ts gf+ren,Lertder is authori�d
<br /> - :i�.., -
<br /> rS. . to coQect en��?ly the Pro�eeds�8t'�aP�on,e'dher to restoration or repatr of Me PropeRy or to the sums secured by thfs Security
<br /> .�,�,;: ' Insttument.w"r-.t:-:er o
<br /> r not then due. ` �'!, r�?�' "-
<br /> �' Untess Lender anC Bartawer otherwis2 a�ee(n w�9� a�y�Pp����n ot proceeds to D�cipal shall not mdend or postpotte xr+a y.•.,-�r ;��,:�,�# T
<br /> +��'b�;.; ;�s , •
<br /> ` '' Que Qate oi the monthiy payments cefertetl to in D�9�P�s� �d 2 or c:�Fnge the emount o}such payments. ,x,. ,�;r,£.,�,,,;.y�,�,.-
<br /> � ` 11. Bonower Hot Released:Forbearenca By Len der�:r 3 e 1 A i a i v e�• F�c t ensbn ot me wne tor paymem or .�..7 , � ,,�; -��;F..;
<br /> moOif�Catwn oi amo�iia�iW�s a.�ha�s+�s`-`!"��A by thls SECUritY���m°'��ted by L.ender to anY SucCessor tn int6rest of Borrower �,�=����;_:_.-
<br />____ 3
<br /> shafl not operate to re t e a se t h e t i s b(f d y o f t h e o r i gin a i BoROwer or Bo�u�a's suceessors h hte�est I.ander sna5 nvi Gc�acN��� - - �`= LL -- �
<br /> commence proceedin9s apaU►st a�Y successor In tnterest or refuse t¢�r-rd tlme tor payment or othe�wise modNy amo r t i m U on o f t h e w������
<br /> • sums secured by this Secu�ae�b�+m���e�Y�ht or remedy shal�l not be e watver o1 o Precwde t eoexercise o}eny right or -��u- '��
<br /> � InteresK.MY forbearance Y -``�;:°��1.��.
<br /> , . rerr►BdY. � t�:: � ,�'�
<br /> ' � 12.Succeaaora and Assl9ns�ound; Joint and Severel �ia�ltity; Co-�lqs�era Tne cavenan�s end �_v
<br /> � ` fl����q o}this Securiry Instrument shaU bind end benefit the successors and assipns o1 tsnder and Bo�rower. sub�ct to the a�`..'-
<br /> �,::�,:-
<br /> provisbns of paragrapb 17• 8orrowers covenants and agreeme►rts sha��be lo(nt and seve►aL MY BaROwer who co-signs thts S�+ritY � - -,�
<br /> Instrument but does not execute the Note: (a) ts co-signm9 this Securnyt tnsuument onry to mort�aQe. �ant. and comrey that �'.a"�
<br /> Bortowefs interest tn the Praperty under the terms ot this SecurrtY�nstrumen�(b)is not petsonafry oblipated to pay the sums secured ���� �
<br /> by this Securily Instrumen� and (c) agrees that Lender and any other BoROwer may agree to e�dend. mo0ify, forbear or mako any � �
<br /> accommoda*.3ons with regard to tertns of thls Secur(ty Instrument or the Note without that BortowePs consertL _ � �Y
<br /> 13.i�LD ChaTgES. If tho loan securetl by thls Securityr InsWmont is sub�ect to a Iaw �cvhbh sets maximum ban Charges. � �.,Y��--
<br /> ' and that Iaw is finalty interpceted so that the interest or other taen charqes collected or to be CaJkicted In cannecpon wfth the �a�n ,,,___�,,.
<br /> exceed the permRted Cmits.then; (a) eny such loan charges shall be reduced by the amount nece5sery to reduCe tha oharge to the "`� ..�,i,��
<br /> � Oerm�tte�i�nR;end (b)e�Y sums atready couected Nom Bortower whbh exceeded pertnftted Iimfts will bo retunded to Borrowe�. Lender -�
<br /> may c�:co:.e to make this retund by reducing the pnc�lpal owed under the Note or by making e dlrect paYment to Borrower. if a �I�
<br /> r�etund rap�6s Pnc�ipal,the reduction wi11 be treeted as a pertial prepayment wRhout any prepayment charQe unQer the Note. : -. ..� _
<br /> 14. ['�OtiCC1. My notice to Bortower provided for in this Securityr InsWment sha0 be gNan by deihrerhg R or by mailir:��i by �F_ :� �-� -
<br /> f,rst Ciass ma0 unless apA�icabie lew roquires use of another method. The not�e shall be dlrected to the Property
<br /> Address or eny •.•,�,��«
<br /> other addc9ss Borrower des�Dnatos by noUce to Lendet. My noUce to Lender shall be glven by tUSi atass mail to Lenders address ' '•" �
<br /> � ststed h�.��or any other address les�"v�r Cea�9nates by noilee to Borrower. My nc:�provlded for in this Securityr�nstrument shall : , � ,
<br /> be daer.�9 t�have boen given to Ee-au�r or Lendet when given as p�esvided in this p�:�,."a�h• ,': �i',;�r;;.' —
<br /> � 15. Governing Lew; SEY�l��'3• Th� �uMY InStn:�s.?nt shell be gCV�rr.Ea tiy �Garal 18w tind the t�w at' tAe .,;,.�� ^ _
<br /> � Jurisdlction in which the Property is ►cra'.�C. In the eu�r=t that any Arovisbn or claus9 0'this Sec:�rr� tnstrumant or tho Note czn".icts , .
<br /> wRh appllCgbig 18w, sueh confliet s�a.l r.ci aNeet c%r�.er �rovislons o} this Security I�s��^�ent or the Note wh��" xan be g:ven efteet .
<br /> . without the confucting provision. To t�:U and the prov,sions of this Securiry Inswmer.t en0 tho Note are deciered to be severabs.
<br /> � 16. eorrower'o Copy. Borrca�rr shall be gtven one contortned copy of the Note and o7 t'+is Securityr Instrument
<br />� � 17. Transfer of the Properry or a Beneflcial Interest in Borrower. i� ea or enr parc of eno Property o; any . �_-
<br /> interest tn it 1s sold or transterred (or if e beneficiai interest in Borrower is sotd or transteRed ar� Borrower is not e natural person) ° .---
<br /> r•�ithout Lendefs prior wr.�.en consent,Lender may,et its option,requUe Immediate p3�ment in tuil of all sums secured by this Securityr � �
<br /> Instrument. However,thls option shall not be exercised by Lender H exercise is prohbited by tederal law as of b`.o dtlte ot this Securiry --
<br /> •� Instrumen4 . :
<br /> � If Lender exercises this option,Lender shell gHe Bortower notice ot aCCe�eratlon.The notice shail provide a perlad of not Iess than `
<br /> � 30 days hom the date the notice is delnrered or mailed wRhin whiCh the Borrower must pay all sums seCUred by this SeCUrity •� ,..
<br /> 5 Insuumen� It Bonawar faiis to pay these sums pricr to the expvation ot th(s poriod,Lender may invoke flny rerr�edies perm medoba sleo � �
<br /> � I Sacurity Instrument v�ithout}uRher notice or demand on Borcower. �' '
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