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<br /> 7. �ro4ecU9�n o4 Lender'a Rig�e�tn the Praperty. tt Bartower fa[� to RsHarm thO covanants end egteem.. . . , ' .. I • ,�''
<br /> ' •! s coM&ines N thi3 SECUrity Insttttm�:nt.ar thare �s u seg31 ProcEeoing U��t rr.ay at�n�snUY eKact Lendar's rights in th0 PrOPertY(SUCh 8s �•� ,. - •_ -
<br /> .I F•�`' .. .
<br /> ' S praceeding tr�b�nkruptCy,probate,tot condemn&tion or lorfeiture or to anfo►ce lawa or reQulaUons),then Lendsr riiqy do und pAy far , } ,
<br /> whatsver b n�scessery to Droteet tho vatuo ot the PropaAy and LendBr's rights In the Property. Lsnde�s acttons rtsay inc4�de paying � ' .,:-=��.
<br /> ' any sums s�sreC by e Iien whieh hs5 Orior�ly over this S�eurdyr Instrurt:ent,apPe�9 �eourt.PaY�+g reasonable attomeyrs faes ana � � , • ,,,—
<br /> . ; h 7,Lende+dass not have to do so. c"�—
<br /> ente�u+8 on tho Praaerty to maKe repatrss. ARhoagt►Lendar mnY take aet►on under this paragrap � � . � ;�.1
<br /> .. j Any emounts dGbursed by Lender under th13 parapraPh 7 ahall becoRS addittonal dabt ot 8onower securad by tnls Seeurdy f ,.,� ,
<br /> : � Instrurtmnt. Un�ss 8ortawer and t.ends► flgrea ta other terms of payment, thesa nmounta sha�t CEa► mterest trom the date ot O � '
<br /> � di5btn'cert�@nt at th0 Note rate flnd Sha11 be peyobb,wM Interest,upon natiee ham Lander to BortoKrar re4uasting P8rin8�t � i I
<br /> � 8. Mc►tgage inau�ence. M Lendef �e4uesd mart9aQe insurance as a cond'Rton ot m2k�� the tatln SECUte� by this
<br /> � .,,,�::
<br /> $�c�rity Insttument. Botrower sh811 pay the p��+ms r6QuMed t0 m3htHin tt�a moRgage �surance in 8HeC1- if, for 8ny reason, the ���
<br /> . mortgsSe insuranco covarap��t3quUSd by Lender laQses or c6dses 4�o ba tn etfect. Barrow o iha�l�p�������u�t co5t o �
<br /> eoveraQo subs�tantiai�r eQui�r�t !o the rtsflrt.�ugo hsurance preltousty tn e8ec� 8t a c - -- --_ �=
<br /> � Borrowor of the mortga�2 Insurance previousN tn e'txt. irom an artemate mortQagu insurer a9Proved tiy Lendar. It substanti�l�Y . —
<br /> . - equt+ratent mortgap� �►suranee eoverag� is not avaitzbte, Borrower shall pay to Lender anCo mortth a sum aqual to one-iwelfth of the
<br /> yearry mortpage insu�ance Pre��+�b��9 p�tiy Bnrrotiver when the tnsurance coveraga tnpsad or ceased to ba in eftc�cL Lendsr w���
<br /> acce0� uss end retaln tAese PaYm�� � a �� �� � lieu ot mortgage Insur�nce. Loss reserve payments rt►sy no WnQer be
<br /> requced.at tno aptian of Lender. i1 martyzsa hsurance eovera0a(in tha¢mount snd for tho Re�od tnat�ender requires)ProviQed by , .. .. .
<br /> . en insurer appro+rad by t,ortder eQ�t.i becamss ava�abf� end is obbined. Borrower aha0 �s ���S 1n eccordance h�ony � '.• '
<br /> . � ..
<br /> • ' martsase i�surence tn eNOtt. ar to provWe e toss res�ve, untu the requtemant tor mnrtpape .��,:_,.,�,.
<br /> ! wntten aID��nt Qetwflen Bortower end Lender or o�9�cnbte taw. ,
<br /> � 1 9. �fl5��'Cu0I1. Lend9� or its a0�t maY mflk9 reason8b16 entties uPon end NsP�ns of the Rropertll. Lsnder shati 81ve • • .r .�: ,.
<br /> Horro+�rEr notice at tne time of or prbr to an tnspection sRecdyinp reasonahl�cause icr the hspection. � . -
<br /> � .. 10. Condemnntion. me o►��ne arovenr.otl ror Comr6yeliC9d��Of Con �demnetion,gar9 h6tEbY esSf9�eed 8nd shan be .�:�;�' , -
<br /> eandemnation or o2her tsich8 Ot any psR � .� �• -
<br /> PStd to Lsnder. . .7-'*'L.,-'
<br /> in the event of a total taking of the Prope+hi. �8 Or�� shail be apPtied to the sums secuBd bY ��S �+MY Insbumen� . , _ . .f. •-
<br /> whethar or not then due,with any excess paid to Bortower. In the event of a p8rtlal takng of the PropeRq S� +�rhkh the iet maAcet ;. ;��
<br /> - va'us of the PropeRy himedietelY before the tekhg is e4ual to ar greater than the acr.�unt of the sums secuced by this SecuritY .- - - __.
<br /> Insuument Immedia4ary before the takmp. unless Borrower and lertder othes1+iss aprea in +rm'Ung. the sums s�cure� by this Secur�Y ��� ;. �-;
<br />• Instrurtient shaU be ceduesd by the amount of the P��ds muhipued by the (otbwhp ���ry before th takhS.�My ba�ence . : �.:_1 '.�
<br /> SeCUred 6nmedla�ry before tfie taking,di+rtded bY (b)the(atr market vaMie of the PropeRy Unmediatety . •{ —
<br /> ' h which the fat market value of the ProAoRy
<br /> ' sha(I be pald to Bortower. In Me event of a paR+a�takin9 0} 1he Property �
<br /> before the taklnp is f9ss tt�tn the 8mount o4 the sums secured immadiatery befote the talck�g,unfess Borrower and Lender otherwlse _
<br /> ' agree (n writb�g or unbs5 app'�cebie law otherwise prmddes, the proceeds shaJ be app0ed to the sums secured by thts Se�uritY = - : �;:i�
<br /> `; . Inspumgnt whether or not the sums are 11�en due• -+ �. ..'�.'.
<br /> If the PropeRy is abandoned by Borrower.or U,efter notir.e by lender to Borrower that the condemnar af:ers to make an award or ,T_, . '3_.z .
<br /> -_,�- . settfa a cfalm for damsges,Borrower faiis to resPond ta Lendar within 30 daYs efter the date the notice Cs yfiren.Lender b author�ed -,;� ,
<br /> to cadect end aPD�It t�e proeeeds,at @s opUon,eiiher to restoraUon or repslr ot the PropertY or to the sums sew[ed bY thLs SecuritY _ '�i ``
<br /> • Insdumertt.whether ot not then due- .. �•:'S :', a
<br /> ►Jn{�s lender end Borrawer o�+or��se a0re�in�"g� 8^y°Pp'��of proceads to prEnclpal shan nat e�dend or postpone ihe ,
<br /> r0 -
<br /> � due d3te of the monthly PaYrt►ents�`ortod to in Pa��P�� ��2 or ChanQs ltie amount of such payrtsents• "..�. ' j i
<br /> � 11. Borroe�+rer Not Retea�ed: Forbearence�y Leendee Not a{fl/8f{fEf. Exlension of th9 tUne tot paym�tt oi �:(•
<br /> rrtod"di�attan ot amorti�itton ot the sums Secured by Mis Secun'ry Instrument granted bY Lender to any suCCe5sot tn fiterest Of Barrower T°. �I +
<br /> shaD rtot aperate to cetaase the Qab�itY°f t�°0�8��Bortovrer or Borrowers sucoassors h interes� Lender ShaU not be requlraC to ���
<br /> �pRUr►�nca prpceedhps eyainst any successor�n interest or retuse to wRend Ume for payment ar oiherwise mod'�Iy amoNuttbn of Me i •�::�__
<br /> '�• �� �� sums secured by thG Secun"ty Instrument by reasan of any dert�and made by the origlnai Bortower or 8orrowei's successors tn .,�, D7��
<br /> . . hterest Any for0earar.ce Dy Lender b e�ercisinp enY right or remedy sha0 not be e waNer of or precbde ti�e exe�ise ot anY right or ;l.�•„-,�_ _
<br /> . temedy. . -,. .,���•.
<br /> • 12, Successora and Asstgns Bound; dolnt end Sever�l Llabilityl; Co-sisners. 'rne covenants and _ :
<br /> agreertients ot thb SecuritY �nswment shell bind and bmisfrt the successors and asstgns of Lender and Borrower. subject to tha �;.�.V;. • � _. .
<br /> h be�
<br /> , provlsions ot paragraAh 17. Borrawers cownents aed ayreem�ts shati be jofnt and s°�srel.My Bortower who co-sl�ns this Securdl►
<br /> ' Instrument but daes nat ezecute the Note: (a) is co-si9r►in8 this Security Instrument only to mortya�. 4�t. and con•rsy thei r.•�_�� __
<br /> ,,.. .• .
<br /> Bortower's hterest In the ProPeAY undet the terms ot tAis Secur�y Instrumenx (b�ts not patson3llyl obQgated to p8y tha Sums SeCUred �,.
<br /> �`�=�_
<br /> by thts SecurdY I�es4umenx and (e)�9�ees that Lender and eny other Barm�rre� may aqre9 to �dend mod'6y. torbsar or malce any :._,-;°�_
<br /> ';:�.�� accommodaUons wdh regard to terms of thCs Securiry InsUument or the Kde w�ti�out that Bortowefs wnsenL � �—
<br /> :I�� �g, �,p� Cp1�gP.8. If the toan secured by this Security InSVymaTL i3 subject to a taw whbh sets m�clmum toen chatpes, „�,,,r_ .
<br /> ��-
<br /> �.
<br /> ' � en�1Mat law is f�atgr hterpreted so that the tnterest or other loun charges cotl0cted or to t�e colleoted h connectlon with the an *�s� ,��.-.�.
<br /> ' �eed the permated Imits.then: (a)enY suCh loan charyas shaD be reduced by the amaunt necessary to reduCe the charpe to the �,.:�:_�
<br /> }:�;,?,� permmed�rnfh a^�d(b)enY sums aM�eady coliected from Borrower vfilch e�eed¢d pertnitted 1'anhs will be refunded to Borrower. Lender :_,-�,..�_..-�.��. :;�
<br />• ;+!>,� may choose to mmca thfs rotund by reducing the principal owed under the Note or by making a dYect paymen!to Borrower. if e � R - ���.:
<br /> refund reduces prinCipa4 the reduction wil!be treated as a partiat prepaymant without any prePayrt�ent charge under the Note. =�-u���� ,
<br />' 14. NOtiCP.B. MY noUce!o Borrower provlded for in this 3ecurity Instrument sha0 be gNen by deDvedng ft or by ma�11n8 tt bY '� . :� .,..� _
<br /> ' ��, ' ftrst eiass mail un1�s appik:able taw reQ�tes uso ot snotAer method. The noUc�3 shall be directed to tfie Property Addres9 or eny `.`.. ^,�
<br /> � � •��_:;� other address �tmm�dasiQnBtes by notice to Landm.My notice to Lendor shatl be given by ttrst class mail to Lenders adQress �i�;P•..,.
<br /> �:;,� stated heren c��vy other eddress lender designat9s Dy notice to Bortower. Any notice provided for in 4i�'s Security Instrument sha� . ,.,
<br /> be deemed to I-ave been given to Borrower or Lender whan giv0n as provtded in this paragtaph• 5r�};,`--
<br /> • '�b. Governing Lavr, Se�erabflity. This SEiCUrRy Insb'ument shall be govemed by �ef.ese: �ew and the law of the . . .:. �_.
<br /> SC `
<br /> • . JurisdicN.on e�wAlch the Property is►ocated. In the event that any provision or ciause of cfiis Security�rts^sment or the Note conflic4s :,;, _�� • � y•.�•,
<br /> w�h apPticebb t�i+, Sueh confl�t shall not aNect other Prc2seD�s of this 3eCUrity Instru.�*�^: or tRe !�at:�which can be gl+ren eNect '-.`',;��__',� .. :
<br /> w�hout the ca:�:�g P�ovisian. To this end the pravisions c�ths Securt�+^stnirr.ent and�<<a!�icts a�a ac�:,�rod to be severabte.
<br /> . . ;•_d'�.,
<br /> '. � 16. Bora��c2r'o Copy. Borrower sAatl be ghree or.a can}ortnea ec�t af tAe No:3 artd of this s�vr3yr Instrumen�
<br /> hrE
<br /> �;:L-:
<br />- � 17. Transter o4 the Property or a 8enefcu�0 tc�erest In �orrower. Er a�i or any Fart of the PropORy or any
<br /> � interest in it �s soid or transferted (or it a beneficial interest in Borcowet is sotd or Vens".?n•ed end Borrovrer is not a natural persan) � ;
<br /> � without Lends�s prior written consent.LenEer may,at Rs apfion, requtre immedlate paymen4�n fuii of all sums secured by this SeCUrity ' ;.,:
<br /> � Instrumen� HowESVer,this option shnll not be exercised by Lender it exerCise is prohbited by feder3l law as of tne date of this SeCUrily _
<br /> .. i InsWmen� � . .
<br /> It Lendor exercises this opt�on,Lender shall gNe Borrower notice of acceteration.The notice sha0 provide a period ot noi Isss then i `.�.�
<br /> 30 days from the data the notice is delivered or ma��ed wahin v�hfch the Bonovrer must pay all sumS secured by thts Securitp ` � ,. •..:`°_
<br /> Instrument. If Bortower faits to pay these sums prlor to the e�vatbn ot this period,Lender may invoke any rem3dies pe�nitied by this ��
<br /> ' form 3028 DlBO - � �-r�
<br /> Security Instrument without turther notice or damand on Bortower. �
<br /> F1079.1M0(2/86� PigO 3 M 5 � �
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