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<br /> . 7. Protectlon of Lende�'s Righte In the Property. i� eorrowsr reus co peAorm tne covenancs ana agreements ��`��_�F'z._
<br /> 4 contained in th�s Secur�ty Inslrument, or there is a k�qal proCeedinp that may siqnfl�antly aHect Lender's rights In the Property(such as �,,,�_,;,
<br /> � a proceodinq fn bankruptcy, probate, tor cnndemnatlon or fa�eRure or ta entoree Iswa or repulatlons), then Lender may do and pay for� '�;,��,x_,.
<br /> � whntovor is noCOesnry to protect the value o} the Property end Lender's rights In the PropeRy. Lendei'8 aatlons mey holude payk�p � `
<br /> any sums secured by a Ilen whk:h hes prlorfty over this Security Instrument,appearhp In court, paYln9 reasonab{e attorney's tees and �
<br /> enterinq on the Property to make repaks. ARhouph Lender m�y take aatbn under thls parapraph 7, Lender does not have to do so.
<br /> Any amounts dlabursad by Lmd�r und�r this pu�praph 7 ehtll bsoom� addkbnal debt of Borrower secured by lhis Securfty ,.q , �, ;
<br /> Inetrument. Unbs6 Borrow�r and LendM 1�prK to other Iorm6 of ptytn�nt, these amounts ehall boar Interesl from the date of � ' �+��°;
<br /> disbureement et the Note nt�and sh�ll be payabM,wNh intK�st,upon notfa hom Lender to Borrower requesting paYment. �� . 5.�,:�,_:'_ �
<br /> 8. Mortgage Insurance. If Lender requked mortqepe Inburance as a conOftlon of maklnp the loan secured by thls Security � • ,, .M;-;=,:.
<br /> Instrument, Borrower shtll pay the premtuma requkotl to rtwntan tne morty4qe insurance in oticct. If,for nny reeson,ihe mortgage W `1,'r •�y�,
<br /> Inaurance coveraqe requred by Londer Iapses or eseses to be h eHect, Borrower shall pay lhe premiums requved to obta►n coverafle ��r*�,u,_
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<br /> ..,�.-�' substantlally equbelent to the moRqaqe inauranCe prevbusly h eNect, at a cost sub6tantlally equivalent to the cost lo Borrower of the �'�+``�f ���
<br /> �f mortqeqe InsuranCe prevfously fn eBeCt, trom en aRernete mwtgeye I�BUrer epproved by Lender. If substentla�ly equNa�ent mortgage __,j,,�2'�:.,,,..�
<br /> msurance Coverage Is not avallable, Borro��er shau pay to Lander each month a sum equal to one-twelfth of the yearty mortgage ,�;_�:�,-_�_
<br /> I insurance premium belnq paid by Borrower when the insurente coveraqe lapsed or ceased to be In eftect. Lender wili accept,use and ' ,;.�'!�to�L°
<br /> - retaln thase paymants as a loss raserve In Ileu of mortgaqe fnsuran�e. Loss reserve payments may no lonqer be requked, at the ,.��t�- -
<br /> j option of Lender, if mortyaqe Insurance aovarape (h th� emount and for the perlod that Lender requkes) provided by an Ineurer ;�_
<br /> '� epproved by Lender ayafn beCOmes evallabie and Is obllhed. Borcower shei� pay the premiums requked ta maNtaln mortyaye ,:t,._
<br /> Insurance in etteat, or to provide a loss reserva, until the requPement for moAQape insuranCO ends In aCCOrdance w�h any writtea _t,_,___
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<br /> agreement between Borrower and Lender or applbabie law. ��•':r
<br /> • ' 9. Inspectlon. Lender or Rs agent may make re�aonable entries upon snd Inspections of the Property. Lender shall give •`',-
<br /> ^� Borrower notice at the time of or prlor to an inspectbn speetiy�n9 reasonable cause tor the Inspection.
<br /> 10. Cnndemnatlon. 7he proceeds of any awar0 or clakn for damaqes, dkect or consequential, in connectlon with any _
<br /> � � condemnatbn or other teking ot any pert of the Properly, orlor conveyance in I"�eu ol condemnatlon, are hornby assipned and shall be __
<br /> } pefd to Lender. ". �
<br /> ' In the ever.t of a total takfng of the Property, the praeeds shaY be appl�ed to thn sums secured by this Security Instrument,
<br /> � , whether or not then due, with nny excess paid to Bonower. In the event ot a partial takinp of the Property In which the lar market -F_.----
<br /> vaiue of the Property lo'imed�atety be(ore the takiny Is equd to or yreater than the amount of the sums secured by this Security - -
<br /> �� Inst�ument immedletely before the taking, unfess Borrower md Lender otherwlse ayree In wrRin9� the sums secured by this Security
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<br /> Instrument shali be reduced by the amount of the proceeds rtwftlplied by the folbwhp fraot�on: (a) the total amount of the sums _
<br /> secured Immedlatey before the tekhp, dNided by (b)the lalr market value of the Prqperty Mmodleteiy befo�g the takinq. Any belance
<br /> �� shall be pald to Bortower. In the event of a partlal takinq of the Property in whioh the fak market value ot tha PropeRy Immedlatey :;_�
<br /> � before the taking Is iess than the amount of the sume secured Mnmedlateiy belore the taking, unless Borrower and Lender othe�w�se ,j��
<br /> �S agree in writhg or unless appliCable taw otherwise provides, the proceeds shali be applied to the sums secured by thts Security
<br /> Instrument whether or not the sums ere then due. _ � � n t nw r.nndemnor otters to make an award or -
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<br /> � If the Property�s abandonetl py borrower,or ii,eHu� n�i�.o ty.sr�r.0 9orrowe� t..e-? . � - - -
<br /> �• settle a clalm for demeges, Borrower fails to respond to lender within 30 days after tho dete the not�ce is given, Lender is authorized �
<br /> to collect and apply the proceeds, at its option, either to restoratlon a repalr ol :he Property or to the sums secured by this Security
<br /> InslrumenL whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writinp,any applbatfon ol proceeds to princ.,pal sheil not extend or postpone the !
<br /> due date of the monthly payments re(erced to b paragraphs 1 and 2 or change the amount of sucli payments.
<br /> 11. Borrower Not Reteesed: Forbearance By Lender Not e Wa(ver. �ension ot the c�ne ra payment or
<br /> modfHCatlon of amortizetbn of the sums secured by thls Security Inetrument prented by Lender to any successor In hterest of Borrower
<br /> shall not operate to release the Ilabliky of the orlginal Bortower or BoROwer's successors In Interest. Lende�shaN not be requked to
<br /> commence proceedinga agahst any successor In interest a refuae to extend time for payment or otherwise modYy amortl=etbn ot the �
<br /> sums secured by thts Security Instrument by reason ot eny demend made by the original Borcower or Borrowers successors in
<br /> interest. Any forbearence by Lender in exerclsing any right or remedy shaY not be a waiver of or preclude the exercise of any rlyht or _
<br />-• remedy.
<br /> � 12. Succeasora and Assigns Bound; Joint and Several Liability; Co-signers. The co�enanss and _
<br /> � agreements of thls Security Instrument shali bind and benefit the suCCe:sors and assigns of Lender and Borrower,subJect to the
<br /> provisions oi paragraph 17. Borrower's covenents and agreements Shell be Joint and several. Any Borcower who co-s�s this Security
<br /> - � in this Securit Instrument oniy to mortgage, grant, and convey that �T'��
<br /> Instrument but does not execute the Note: (a) is Co-sq� 9 Y ---
<br /> ,g Borrower's hterest In ihe Property under the terms of thisSecurRy Instrument;(b)IS not personally oblfgated ro pay the sums seCUied -,
<br /> �� by this Security Instrument; and (c) agrees that Lender end any other Borrower may agree to extend, modify, lorbear or meke eny �;;.�
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<br />-_ � accommodetbns with regard to terms of this Securpy Instmment or the Note wRhout that Borrower's consent �.y-
<br /> 13. Loan Chergea. If the loan secured by this Securky Instrument Is subJect to a law wh�h sets maxlmum Ioan charpes, «_
<br />- and that law ts tnally interpreted so that the Interest or Wher loan charqes coltected or to be colleCted in connectbn with the loan
<br /> , � exceed the permitted limks, then; (a) eny such Ioan charqes shall be reduced by the amount necessary to reduce the charge to the �L===:-�
<br /> �� perm�tted Iimft; and(b)any sums a�ready coliected lrom Bonower whiCh exceeded permitted Iimits wllt be refunded to Barower. Lender =
<br /> � g may choose to make this refund by reducing the principel owed under the Note or by making a direct payment to Borrower. II a �
<br /> refund reduces princfpel, the reduction wfll be treated as a Partlal prepayment without any prepayment charge under tho Note. .s-�y.�.v-�—_
<br /> � 14. Notices. Any nOtiCe to Borrower provided tor in this SeCUrity Insirument Shall be given by delNering it o�Add ess or teny �T��
<br /> � fir5t class mail untess applicabb law requires use ot anolher method. The not�e sh811 be directed to the Property Y ':�a�W__�,
<br />- ! other address Borrower designates by notice to Lender. Any not�ce to Lender shall be given by first class ma�to lender's address --
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<br /> staled herein or any other address Lende� desiynates by�otiCe to Borrower. Any not�Ce provided tor fn this SeCUrity Instrument shail .^�-�`='•�
<br />° � be deemed to have been gNen to Borrower or Lender whe�gwen as provlded N this paragr8ph. � ,;,�
<br /> � 16. Governing Law; Severability. This Secwity Instrument shell be governed by tederai law and Ihe �aw of the
<br /> jurlsdiction In which the Property is loceted. In the evenl lhat any provisfon or clause of this Security Instrument or the Note contlfcts
<br />= wdh applicebie 18w, such confliCt shall not aHect other provislons ol this SOCUrity Instrument or the Note wh{ch c8n be gNen eftect
<br /> I without the confl�ting p�ovlslon. To thls end the provlsions of thi, Security Inslrument and the Note are declared to bo severable.
<br />-- � 16. Borrower's Copy. Borrower shalt be gNen one conformed copy of the Note and of this Security Instrument.
<br /> . r._ ..d ..l �hn Pre�nurtv Of Ht1V �
<br /> � 17. Transfer of the Property or a e�enericiai iniere8i ��� ovTPv�ici. ;: a: c: ar.; :.... _. . _ . . . _— __
<br /> interest in d is sold or trensterred (or il a benefiClal Interest in Borrower is sold or trans�erred and Borrower is not a natural person)
<br /> ' wilhout Lender's prior written con5ent, Lender may,at its option, requlre immedu�t0 peyment �� �ull of all sums seCUretl by this SeCUrity
<br /> � Insirument. However,ihis option shgll nol be exerc�sed bT Lender �f exerCise�5 p�ohibded by federgl Inw as of the dale of ihis Security ,
<br /> y Inslrument.
<br /> = If Lender exorCises th�s opGOn, Lende� shall give Barower not�o o� aCCelerelion. The notice shall provide a pe�lod of not �ess
<br /> than 30 days trom the dete the not�Ce �5 delrvered or maded within whfCh ihe Borrower must pey a�l sums seCUred by this Security
<br /> Instrument. If Bo�rower ta�ls to pay these sums prior to Ihe exp��ation of thfs perlod, Lender may invoke nny remedies permitted by this
<br /> Secuniy Insirument wilhout further notice or domand on Borrower.
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