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<br /> 7. P,roteotlon of Lender'a Rt�hta ln the Property. It Bortower laus to pertorm the covenants end aqraements . .,,.,�.;�,�,..-
<br /> conta►ned In thls Security Inatrument, or there Is 8 lepol proceedhp that may Sqnif�ently aHecl Lender's rphts in the Property (such as
<br /> a proceedinp �n bankruptay, prob4te, for condemnatlon or Itrtefture or ta enforae Iaws or rapulatio Lentler�'s actbns maydincwCe payhpCO
<br /> whetevor b necesaery to proteCt the vfllue o1 the Property Bnd Lender'c rights in Ihe Property. � reasonable attorney's fee5 an , -
<br /> eny sums secured by a I'�,n wh�ch has prlorlty over thls 3ecurity Inslrument, eppearinq in court, pay p �
<br /> . enterinp on the Propeny to make repa"vs. Althouyh Londer may take actlon under lhis perayraph 7, Lender doos not have to do so. ,
<br /> . Any emounts dlsbureed by Lender under thls ptraqroph 7 shdl become sddftlonal debt af 9orrower secured by thls Secur�y ':;
<br /> Instrument. Unleas Bottower snd Lender aqree to other terms ol paYment, these smounts shall bear interest from the dete bY�
<br /> Idisbursement at the Note rate end ahall be payable,wRh hlerest,upon notlCe from Lender to Borrower requesthg payment. �". _'�
<br /> � 8. Mortgaqe lneurance. II l.ender requMed moAgage Insuranco es 8 cOndltlon of m8king Ihe loan secured by thls SeCUrRy� . —
<br /> � Instrument.Borrower ahall poy the premlume r�quksd to maint�h the mortqaye Inaurence in e(fect. II, tor nny reason, the mortgage'„y . - -
<br /> hsuranco coveraye requked by Lender lapaes or eeaees to be h oNect, Borrowsr eha�i paY the premlums requked to obtah aoveraqe�
<br /> substuntlalry equNabnt to the mortgaye Insurance prevlouaty in effect, at a Cost substantlaity equlvalent to the cost to Borrower of tha� , ;;1�,
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<br /> . mortgago Insurance prevbusly in aNect, from an aRemate moApa4e insurer approved by Lender. If substantfally equNalent mortgaqe ,,r�� "'�.
<br /> Insurance coverage Is not avaliable, Borrower shall pay to Lender each month a sum equai to one-twetfth of the yoary mortgaqe ' ', , -
<br /> nsurance premWm boing pald by 8orrower when tha hsurence coverage lapsed or ceased to be�n eHect. Lender will accept, use and �Y __�
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<br /> retaln these paymenta as a loss reserve h Iiau of mortqape Insurance. Lass reserve paymeots may no longer be requked, at the ,,. . —
<br /> optlon of Lender, if mortgaye hsuranCe Coveraqe (In the amount and for the perlod that Lender requkes) provtded by an hsurer . <^,�T•;_�;,.-
<br /> approved by Lender aqaln becomes aval�able and Is obtafned. 9onower ehall pay the premtums requked ro malntah mortpapo _.��
<br /> insurance In eMect, or to provlde a bss reserve, untlt the requirement for mortga0e hsurance ends in accordance with any written ,,4:-
<br /> apreemem between Bortower and Lender or appibabie law. �'�'s.
<br /> 8. 1116pECt1011. Lender or Its aqent may meke reasonable entr{es upon 8nd hspections ol the Property. Lender shall plve i,{,,. =_-
<br /> Borrower not�ce at the time of or prlor to an inspeotlon speCNyln9 ressonable cause tor the inspectlon.
<br /> 10. Condomnatio�n• of an ppart tl cnefa�openy oa ror oon eYance In Ueugof condemnat on,Bre he�oby assignedtiend s�heli8be
<br /> condamnatfon or other ta g Y
<br /> pald to Lender. ts��,� .;
<br /> In the event o� a total taking of the Property� the proceeds shall be app��ed to the sums secured by this Security Instrument, .;�. �,^
<br /> * artial takin of the Property in whiCh the fair market _-}r�?•
<br /> i whether a not then due, with any excess pald to Borrower. In the event oi a P 9 . -
<br /> value of ihe Property �mediately before the taking is equal to or grenter than the amount of the sums secured by th�s Security :F�r�'.
<br /> Instrument Immedlalely before the taking, unless Bomower and Lentler otherwise ag�ee In writ�g, the sums secured by this Security ` ;�.�
<br /> Instrument shall be reduced by the am0unt of the proteeds muRlpifed by thhe P oWeg hknmedlateey betoretthe akhg.oMy ba1S ce
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<br /> secureU mmedkttely before the takl�p, dNlded by (b) the fak market value of t P rtY
<br /> shall be paid to Bonower. In the event of a partlal takinp of the Property h wh�h the falr market vaiue of the Property imn'iediately __
<br /> � before the taking Is bss than the flmount of the sums seaured knmediatery before the takhg, unless Borrower and Londer othanNlse _
<br /> agree In writing or unless applfcable law othe�wise provides, the pr000eds shall be applied to the sums secured by this Security
<br /> --. _ !nslr�rsse.R!�!!he!har�r not the sums are then due. —
<br /> If the PropeRy�s ebendoned by Bortower, or M,after notbe by Lenaer to Bv��u�ot th8t tha aondemno�^HArs to make an awa►d or
<br /> �` settle a claim for damages, Borrower falls to respond to Lender wlthin 30 days after the date the not�e is gNen, Lender Is authorized
<br /> to coliect ar►d apply the proceeds,at its optlqn,either to restoratian or repa� of the Property or to tha sums secured by this Securfty v
<br /> ��, Instrument, whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writin9� any applfCatlon of proceeds to principal shall not extend or postpone the
<br /> t due dete of the monthly payments referred to in pa�agrephs 1 end 2 or change the amount of such paymonts.
<br /> � 11.Borrower Not Releesed: Forbeersnce By Lender Not a Waiver. Exlenslon or cne ame ror payment or h
<br /> modifbation of amort�:atlon of the sums secured by th►s Security Instrument yranted by Lender to any successor In tnterest of Borrower
<br /> ��� shall not operate to release the Iiability of the original Bonower or Borrower'e successors h klte►est. Lender shall not be requked to
<br /> M commence pruceedings agafnst any successor In interest or retuse to exte�d time}or peyment or othervvise modHy amortlzation of tho —
<br /> y interest�Any forbearance byrlLenlderrin oxerc►shy eny rqht8or rem dy shalel notbbeta waNer�of orprecludert eoe evrolse of any rlpht o
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<br /> �� 12.Successora end Assigna Bound; Joint e�nd Severel Llabillty; Co-stgners. The covenants and -
<br /> ;' agreements of this Security Instrument shell bind and benefit the successors and assipne of Lender and Borcower, subJect to the s
<br /> - �; provislo�s of paragraph 17. Borcower's covenants flnd egree�entih Sh Se urity I strumentfBOnlyA to BmortgageW g��o•sa d co,n eyC th t --
<br /> � Instr�mant but does not ezecute the Nate: (a) s ea'S�9 9 the sums seCUred --
<br /> � Borrowers interest in tha Property under the te�ms of this Security Instrument; (b) is not personally obifgntetl to pay __ __
<br /> by this Security Instrume�t: and (c) agrees that Lender and any other Borrower may agree to exlend, modity. forbenr or make any _ _ _
<br /> accommodations with regard to terms oi this SeCU�ity Instrume�t or the Note without thet BorrOwer'S consenl. — —
<br /> 13. LOat1 Chel'ge8. It the Ioan Secured by this Security instrument Is subJeCt to a taw wh�h sets maximum loan charges, �-
<br /> and thal Iaw is finally interpreted so that the hterest or other lo8n cherges coliected or to be Collected h connectbn with the loan ���`�._.�_.
<br /> exceed Ihe permftted Iknfts, the�; (a) any such Ioan charges shaA be roduced by the amount necessary to reduce the chargo to the -
<br /> permitted ifmiY and (b)eny sums already collected trom Borrower wh�h exceeded pennitted Ilmits wlll be relunded to Bortower. Lender ,'j 9�-�
<br /> may choose to make this refund by reducing the princlpal owed under the Note or by making a dkect payment to Borrower. If a '- ;y.;='`
<br /> retund reduCes p�ncipal, the reductbn will be treated as a partial prepayment wRh�ut any prepayment charge under the Note. �j:� �.
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<br /> — 14. Nottces. Any not�e to Bonower provided lor in this SeCUrity Instrument shall be gHen by delNering it or by melling it by ,�;�e,�`, �
<br />— first cless mail unless applicable 1aw requires use of enother method. 7he notlCe shell be direCled to the Property Address or anY
<br /> � other a0dress Borrower designates by notice lo Lender. o�8�o'��o°oweraeAny not�gp ovided tfor'inflhis Secur�'�ty ensbumeM shall
<br /> � stated herein or any other uddress Lender des�gnetes by
<br /> be deemed to have been given to Borrower or Lender when given as provided �n this paragraph.
<br /> 15. Governing Law; Severability. ThiS Secunly Instrument ShBU be governed by federal law and th9 law 0� the
<br /> � �urisd�Clion �n which the Property is �ocnted. In the event thnt any provision or cl8use of tnis Security Instrument or the Note conflkts
<br />_ I with applicable �ew. SuCh Confl�t shaM not aHeCt other provisions of this Security ��Sirument Or Iho NOtB wh�h Cen be gNen effBCt
<br /> without Ihe conflicting provisi0n. To this end the provisions of this Security Instrument and the Note are declared to be severabie.
<br /> � ,c Rnr►nwar'a ['.ODV. BortOw6t Sh&II be gNen one Conformed copy o}the Note a�d of this Security Instrument.
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<br /> 17. Transfer of the Properry or e Beneffcial Interest in r�or�vwe�• �� 8�� �� ei�r N4�• �� •••° ••-�-•• �-- —'_--_=--=
<br /> � interesl in it is sold or trans�erred (or if a bene��C�a� IMerest �n Bortower is sold or transferted and Borrower is nOt a natural person) I
<br /> withoul Lender's prior written Consent,Lendor mey, at its optfon, requi�e immed�ate payment in fuA of ell sums secured by this SeCUrity
<br /> Instrument. However,thi5 option shall not be exercised by Lender if exercfse is prohibited by federal law as of the dato ot this SeCUrity �
<br /> � InSlrumBnt. '
<br /> If lender exerC�ses th�s opUOn. Lender shall give Borrower not�ce of acce�e�ation. The not�ce shall prov�de a penod ot not ess '
<br />� thdn 30 dily5 ��Om th@ d3�B the n0�iC9 is d61iv@rBd or m3�k�d wdhin whiGh th8 BOrfOw6r rr�ust pay all sumS SeCUred by lhi5 SOCUrdy I
<br /> Instrument. �� Bo�rpwe� fads to pay these sums prior to the expiraGon o1 th�s penod. Lender mav mvoke a��y remed�es permRted�b Q eh o '
<br /> Securdy InSUument wdhoui iurther not�Ge or demand on Borrower- ' i
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