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<br /> ' 7, Protection of Lender'a Riqhts in the Property. it eorrower iat�s �o pertorm ine covenants ana a0reemonts � .1`���1�_
<br /> conta�ed in this Security �nstrument, or there Is a lega� proceeding that may aqnflkantty aNect Lender'8 r{phte h tho Property(sueh tts `�.�F
<br /> e proceedinq �n bankruplCy, probate, for condemnatbn or forteRure or to enforca lews or rayulations),then Lender may do and pey for� I .
<br /> whatever is necossary to protect the value of the Propert� and Lendera rfphte in Ihe Properly. Lender's actians may nclude paY�fl� •
<br /> any sums secured by a Iien whl�h has prlority over Ihfs SeaurHy Instrument,eppeorhg in aourt, payin9 reaaonable attorney's tees and
<br /> enteriny on the Proparty to make repek8. Akhough la�dsr may tnke aCtbn unde�thls ptrayraph 7, Lender does not hnve to do so.
<br /> Any amounts disbureed by Lender under thls pnragraph 7 eheil beooma additlonai debt ol Borrower securod by this Security��
<br /> Inetniment. Unlese Borcower and Lender aqree to other terms of payment, these amounts shall beer interest from tho dale ol,.w ,, _
<br /> tllsbursement at the Note rate and shall be payable,with hterest, upon notico hom Lender to Borrower request�ng payment.
<br /> S. Mortgage Insurence. If Lender requYed momslntaln the mortgape Insurence�� eHectg. `ie �088 Y e88�^ythes o pape� • '
<br /> Instrumen t, Bo r r o w e r s h e l l p a y t h e p r e m i u m a r e q u l r e d t o ,
<br /> nsurance coverage requked by Lender Iapses or ceeses to be in eMect, Borrowar Sh811 ptly the premiums requ lr e tl t o u b t a i n C O V e r e�e o � `._
<br /> ..: substantlally equivalent to the mortgage inauranCO p�eviou6ly in eHeCt, el a CoBt substentlally equivalent to the Cost to Borrower o�the yr_i
<br /> mortgage insu�ance previously in eHect, from en a�omate mortpaye Insurer approved by Lender. If substantislty equlvalsnt monpage '
<br /> ' insurance coverage is not availab�e, Borrower shal pay to Lendar each month a sum equal to one-tweHth of the yearty mongage .
<br /> �surance premium being paid by Borrower when the��surance coverage lepsed or ceased to be fn effect. Lender wili eccepb use and :;J ,;
<br /> retain these payments as a Ioss reserve in lieu o�moA4afle Insurance. Loss reserve paymenle may no bnger be required, al the . .�,, _
<br /> option of Lender, If mortgape insurance coverage(h the amount and for the period that Lender requkes) provided by an insurer „ :, '�4 .^ •--
<br /> t. �
<br /> approved by Lender again becom9s avaUable and is obtalned. Bortower ahe0 pay the ptemiums requked to muintaln mod9afle �
<br /> Insurance h ettect, or to provlde e bss resen+e, w�til Ihe requkement for moAqaye Nsurence ends In accordance wRh any vrtitten , .,:��:__
<br /> agreement between Borcower and Lender or applicable law• `��:
<br /> 9. I�S�ECt10�. Lender or Rs agent may make reasonable enSr{es upon and InspeCtione of the�roperty. le�der shaQ gNe ,,. ,� '
<br /> Borrower not�e at the tlme of or prio►to an inspec�ron specRyh9�easanable cause for the hspection.
<br /> 10. Condemnation. The proc:eeds of any award or claim for damages, dlrect or consequont�al, in Connection with any .
<br /> • Condemnatbn or other taking of any part ot the Property,or for conveyance h Iieu of condemnetlon,are hereby essigaed end sheu be •'';,
<br /> paid to Lender. •
<br /> In the avent of a total taking of the PropoAy,the proceeds shaA be appled to the sums secured by this Security Instrument,
<br /> whether or not then tlue, with any oxCess pald to Borrower. In the event of a partlal tBkinp of the P�operty in whiCh the fak maAcet
<br /> value of the Property immedlstety before the takYp Is equal to or 9�otherwise a9 ee in writlnp,tt e sums secur d by this Security , , a��,
<br /> � Instrument immedlately before the t8khg, uniess Borrower Bnd Lende "'�
<br /> Instrument shall be reduced by the amount of the proceeds mukblled by the IolbwlnQ hm�diate8' befo etthe akY�ig•oMY bala ce �'
<br /> � secured knmediately before the takhp, dNided by @) the falr market value of the Property Y
<br /> "�� shall be pald to Borrower. In the event of a panial taklnp of the Property h wh�h the talr merket value of the Property immedlatery ���:
<br /> y aeree i h wrtng9ors n lesshapplfcable law ot erw�e prov desedhe prooeeds shaAe be app�ed�to�the BumsWSece dLbyd hlso SecurRy ���—
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<br /> Instrument whether or not the sums are then due. `,
<br /> If the Property IS abandoned by Borrower, or A,atter not�e by Lender to Bortower thet the Condemnor oHers t0 make en eward or .
<br /> � � � g ar�hw dete the notiCe�s g�en,Lender IS authorized �W
<br /> - settle a claim for damages. BOrcOwer teiis to respau3 i0�dn�et•�Kn� �Q �sY- H- - °
<br /> to collect and app�y the proCeeds, at its optlon, eaher to restoration or repair of the PropeRy ar to the sums secured by this SeCUriry
<br /> Instrument, whether or not tnen due. —
<br /> � Unless Lender and 9orrower otherwlse a8�ee n wrding, any appl�cation of proceeds lo prncipal shaN not extend or postpono the -
<br /> ;, due date of the monthiy payments referred to in peragrephs 1 and 2 or chenpe the amount of such payments. _
<br /> ��� 11. Borrower Not Released: Forbeerance By Lender Not e Wefver. �nensio� o� ►ne tur+e �or payment or
<br /> ° modH�atlon of amoRiration of the sums secured by this Security Instrument qranted by Lender to any succesaor In inlergst of Bonower
<br /> �� shall not operate to reiease the Ilablltty of the orqhal Bortower or Bonowers suacessorb In Interest. Lender shell not be requred to
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<br /> commence proceedings agalnst any suecessor In interest or refuse to extend tYne for payment or otherwise modfy emortlxation of the
<br /> �� sums secured by this Securky Instrumant by reeson ot any demand made by the oriphal Borcower or Borrowe�s successors In �_
<br /> �' Interest. Any torbearance by Lender In exercising any rlght or remedy shaN nol be s waber o�or preClude the exerc�e o�any rght or
<br /> remedy.
<br /> " �� 12. Successors and Assigna Bound; Joint and Seve�al Liability; Co-signera. The co�ena�►s and _
<br /> � � agreements o� this Security Instrument shaN bind and benefit the succes6ors end assigns of Lender 8nd Borrowaz. subJeCl to the
<br /> provisbns of paragraph 17. Borcower's covenanis and agreements shall be Joinl and severel. Any Borrower who8 i•signds c�in�Secahfl - _
<br /> �,'. Instrument but does not exeCUte the Note: (a) �s Co-sigNng this SecurRy hstrument onry to mortpage, g� --,_____
<br /> ` Borrowers �nterest in the Property under the terms of thls SecurRy Inst►ument;(b) is noi personally oblqated to pay Ihe sums secured = -
<br /> +� by this Security Instrumsnt; and (c) agrees thet Lender and any olher Borrowor may aQree to eMend, modiry, fo�bear or meke eny �� -
<br /> ' accommodations with regard to terms of thfs SHCw�ty Inst�ument or the Note wHhout that Bortower'S consent. �
<br /> 13. Loan Chargea. If the loen secure0 by this Security Instrument �s subject to a�aw wh�cn secs maxvnum loan charges.
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<br /> and that law fs ffnally Interpreted so that the interast or other loan charges collected or to be collected h connection with the ben ,_�__
<br /> exceed the permitted Ilmits, then; (a) any such loan charges shall be reducod by the amount necessary to reduce ihe charge to the ;_���
<br /> permitled Iimit; and (b)any sums already collected from Borrower whlCh exceaded permitted limits will be retunded to Borrower. Lender �t , .
<br /> may Choose to mako ihls refund by reduCng IAe principal owed under the Note or by making a dkeCt payment lo Borcower. �� 8
<br /> relund reduces prinCipal, the reducibn will be trented es a partiel prepayment wAhout any propayment charge under Ihe Notma� it b �: �t . •��':'_''.
<br /> 14. Notices. Any notice to Borrower provided for in this Securily Insirument shell be given by delfvering it or by �9 Y ' .4 ` r< M
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<br /> first class mail unless applicable law requkes use of another method. The not�e shaN be directed to the Prope�ty Address or eny . _ �:
<br /> other address Borrower designates by notfce to lender. My notice to Lender shall be given by firsl Ciass mafl to Lender'S address ���'�='�.:��V;: , p
<br /> stated herein or any other address LenCer designfltes by not�e to Borrower. Any n o t k e p�o v i d e d f o r i n t hi s Sec�xA Y ��strument shall �;•.,
<br /> be deemed to heve been given to Borrower or Lender when given as provided in this paregraph. .
<br /> 16. Governing Law; Severebiiity. rn�s secu��cy instrument shan be 9overned by tederai �aw ano cne taw o� ►ne ,
<br /> jurisdiClbn in wh�h the Property is located. In ihe event that eny provislon a clause o�this SeCUrity Insirurnent a the Note Conliicts
<br /> wdh appliCable law, Such confliCt shall not attetl other provislons of this Seturity Instrument or the Note whiCh can be given eHect
<br /> without the Conflfcting provfsion. To this end the provislons ot this SeCUrdy Instrument and th9 Note ere deC�ared to be severable.
<br /> 16. Borrower's Copy BorcOwer sheY be gNen one conformed copY of the Nole end o�this Security Instroment.
<br /> , 17. Transfer of the Property or a Beneficial Interest in Borrower.w,!!���o� Rnrmwwr s' nm e ecu ei person)
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<br /> - � mterest �n it is SOId or tranSfBrred (or if 8 benBlC�a� �nteresc �n con�wn� �a 5��� �� t.�..-•�•�-- - - r ---�---�-�-----
<br /> wdhout Lender's p��or wrdten consent.Lender may, at �ts cpt�on, require mmediate peyment n fuA ol ell sums secaed by this SeCUrity i
<br /> � InstrumAnt. However,th�s opUOn Shall not be exercised by lender if exe�c�so�s prohibited b��ederal law ns o�ihe date of this Security i
<br />= Instrument. I
<br /> If Lender exerc�se5 this ophon, Lende� She1 give Borrower notb� ol ncce�eretbn. The noliCe 8tl SumsVs Cu d bydth 5 Setu tY
<br /> ihan 30 days irom ihe date lhe notice is deln8red or mailad within whiCh ihe 6orcower mu5t pay ;�
<br /> instrument. It Borrower lails to pay these sums prior to the ezpiratbn of Ihis perfod, Lender muy invoke any remed�es permotted,b 6 9h00
<br /> SeCUnly InStrument without IuAhor nptiCe w demand on sOrrower. I
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