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<br /> 7.Protection of Lender'a RI�hU (n the Property. ir eorrower io�is co perfotm cne oo�en4n►s and aoreemon�e ���;��^�;,�._
<br /> conteined In this Security Inatrument, or there is a iegel proceedinq that may slpnificantty eBect Lender's rlphts fn the Property (BUCh 88 : -•.� �„�
<br /> • a proceeding In bankruptcy,Drobate, for condemnetlon or foAelture ar to eMOrce laws or repuletions), tnen Lender may do and pay lor :h�.;���;
<br /> � whatever ts necessary to protect the value ol the Property and Le�der's rqht8 in Ihe Property. Lender's actions may Include psylnp� , ,
<br /> eny sums secured by a i{en whbh has prlority over this Security Instrument, appearhy In couR, paylnp reasonable atlorney's (eos and�
<br /> enterinq on lhe Proparty to meke repeke. ARhouph Lende►mny t8ke aCtlOn under this par&praph 7,Lender does not h8vd to do Bo.
<br /> � My amounts dlsbursed by Lender under this perayreph 7 ehall bacome addRlonai debt ot Borrower secured by thls Security �1 „ ,,'h'�'.,(s•
<br /> " instrument. Unless Borrower and Lender agre6 to other terms of p8yment, these 8mount5 shall bear Interest from the date o1 �; ��•
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<br /> �� dlsburaement at the Note rale and shall 6o payable,wRh Interost, upon notiCe hom Lender to Borrower requastlnq paYment. r .�'�_.'3t�
<br /> 8.Mongege Insurance. It Lender requked mortpaye h8uranca�s a oondkion of makiny the losn suoured by thla SeourRy , , �• ��i;;�,
<br /> Instrument, Bonower aha�l pty the premluma requked to malntain the rnortyayo Insurunco in oftact. If, for eny reason, the mort�age � � ,
<br /> � Insurence coverape requked by lender bpaas or ceaeas to be In effect, Borrower ehall pay the premlums requlred to obtaln coverayo ,'�,�,�-�.r�'�;��i
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<br /> ��""'""� substantlaly equNalent to the mortgaye hsurance prevbusly h elfect,at a oost substantlatly equWalent to the cost to Bonower ot the ,��.,,,n,:�.:: t
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<br /> moRgapa insurance previousy in eHect, hom an efternete mortgape insurer approved by Lender. It substantlaly equfvalent mortpaqo , ;:�,�,.
<br /> hsu�ence ooveraqe Is not avallable, Borrower shall pay to Lender enoh month a sum equal to one�twe�th of the yeeriy moApaye ��•:{3°� . �i.'1.:::
<br /> Insurance premlum behq peid by Bortower when the Insurance coverage lapsed or ceased to be in ettect. Lender wtli accept, use and J-;;k�",�' • �
<br /> retain Ihese payments as a loss reserve In Iieu of mortgage Insurance. Loss reserve payments may no longer be requked, at the � i u,��.�ar���=
<br /> option ot Lender, if mortgepe ineurance Coverage (in the amount and for the period that Lender requirea) provided by an Insurer �_�- - _ -
<br /> approved by Lender again becomes avallable and Is obtehed. Bortower shali pay tho premiums required to maintain mortyaQe f^._-�
<br /> hsurance h ettect, or to provlde a bss reserve, untli the requYement for mortgege Insurance ends in accordance with any written --_
<br /> agreement between Borcower and Lender or appl�able lew. �
<br /> .s 9. Inspectton. Lender or its 8pent may make reasonable entries upon and InspeCibns of the PropeRy. Lender shell gNe �_ �
<br /> ' Borrower notiae at th�tlme oi or prlor to an Inapeotbn speoNyhq reasonabie cause for the Inspe<stlon. �y_
<br /> 10. Condemnetion. The proceeds of any award or ciakn }or damages, dkect or consequential, In conneatbn wHh eny �,;.=--�
<br /> �� condemnatWn or other takNg of eny part of the Property, or tor conveyance In Ileu of condomnutlon, are hereby assl�ned and shall be ��"�:=,-
<br /> T � pald ro Lender. �--_M~: -_
<br /> N the event of a total taking of the Property, the proceeds shell be appilad to the sums secured by thls Security Instrument. ---:
<br /> whether or not then due, wRh any excess paid to Borrower. In the event of a partial taking of the PropeRy In whbh the fair market �;«---
<br /> �-,._�.�
<br /> .�' value of the Property knmediately be}ore the taklny IS equal to or greater than the amount of the sums secured by thls Seaurky N
<br /> Instrunent Irnmedlately before the teking, uniess Borrower and Lender othervvlse agree In writing, the sums secured by thls Securiry t.,.-,
<br /> Instrume�t ahall be reduced by the amount of the proceeds mutttplied by the folbwNg frectian: (a) the total amount of the sums R..-`
<br /> �- secured immedlately 6ofore the taking, dNided by (b) the fau market value of the Property immedlatety before the taking. Any balence ;___�
<br /> shall be peld to Borrower. In the event ot a paRial taking o� the Property h whbh the fak market value Of the PropeRy Vnmediately ����
<br /> before the taking Is Iess than the amount of the sums secured knmediately before the taklrp, uniess Bortower and Lendor otherwise _ - _
<br /> ��. agree In writinq or unless applbabie Iaw otherwlse provides, the proceeds shall be applied to the sums seCUred by this Security -- —
<br /> InstnMnent whether or not the sums are then due.
<br /> -�-- --� utne Hropercy is abandor�ad by t3arro•.:�r, cr ff,sfter nol�e try le�der R�e�rrower that the condemnor offera to make an award or
<br /> settie a clakn for damages,Bortower tnlis to rsspond to Lender wRhin 30 days after the date the notice Is glven, Lender Is 8uthorized
<br /> �' to coDect and apply tho proceeds, at fts option,efther to restoratbn or repak of the Property or to the sums secured by this Seourky — _
<br /> Instrument,whether or not ihen due.
<br /> Unless Lender and Barower otherwlse agree In writing,any appl�atbn of proceeds to principal shall not extend or postpone the
<br /> due dete of the monthly paymants referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 11. Borrower Not Releaaed: Forbearance By Lender Not a Waiver. Extension o� tne crne �or payment or _ _
<br /> �• modN'�catlon of amortlration of the sums secured by this Security Instrument granted by Lender to eny successor k► interest of BorcowA�
<br /> shall not operate to release the Iiabllity of the orlp(nal 8ortower or Borcower's successors h�terest. Lender sheli not be requlred to
<br /> commence proCeedings agek+st any suCCessor in Interest or refuse to extend tkne tor payment or othervvise modfty amortiration o}the �
<br /> sums secured by this Security Instrument by reason of any demend made by the or{pinei Borcower or Borrowers successors In
<br /> , fnterest. My forbearance by Lender in exerclsing any rfpht or re�nedy shall not be a walver of or preclude the exeroise of any ripht or
<br /> remedy.
<br /> . 12. Succeasors end Assigns Bound; Joint and Severel Llebillty; Co-aignera. Th9 co�enams and
<br /> egreements of this Securiry Inetrument shall bNd and benefit the successors and assigns of Le�der and Borrower, subjeat to the
<br /> prov�lons of paragraph 17. Barowers covenants and agreements shall be Joint And several. Any Borcower who co•s►pns this Seourily
<br /> Instrument but does not execute the Note: (a) I5 co•slpning this Securiry instn,ment ony to mortgage, grant, and Convey that _
<br /> Borrower's interest �the Property under the terms of thls SeCUrity Instrument; (4)Is not personauy obligated to pay the sums s9cured
<br /> � by this Sacurily Instrument; and (c) agrees thflt Lender and any other BoROwer may aqree to eMend, modNy, forbeAr or make eny _
<br /> �;
<br /> accommodetlons with rege�d to terms of thls SeCUrity Instrument or the Note wlthout thilt Bortower's consent.
<br /> � 13. loan Chargea. If the loan secured by thls Security Instrument is subJect to a law whbh sets maximum loan charqes,
<br /> and Ihat law is finaly Interpreted so that the Interest or other loan charges collected or to be coliected in connectlon with the Ioan
<br /> • � exceed the permitted IImKs, then; (a) any such ban charges shall be ►educed by the amount neceSSary to reduCe the charge to the --
<br /> � permtted Iimlt: end{b)any sums ctlready coilected from Borcower wh�h exceeded permitted Imits will be retunded to Bortower. Lender �---°----
<br /> ' 4 may choose to make this refund by reduC�ng the prinCip81 owed under the Note or by meking a daect payment to Borcower. If a �,�����=:
<br /> � refund reduces principal,the raductlon wlll be treated as a partial prepayment wfthout any prepayment charge under the Note. ;.��=��_
<br /> 14. NOtiCeB. Any not�e to Bortower provided for in this Securfty Instrument shall be glven by delNeMg It or by malling it by ��;:�
<br /> flrst claus mall unbss apDl�able Iaw requires use of another method. The not�e shalt be directed to the Property Address or eny i �•.,
<br /> other add�ess Borrower designates by not�Ce to Lender. My not�o to Lender shall be gF+en by flrst class mail to Lender's address A����;,
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<br /> staled hereln or any other address Lender designates by notice to Borrower. Any notice p�ovided tor in this Security Instrument shall � ��-;. .
<br /> bo deernod to have been gfven to Borrower or Lender when given as provided fn thls paragraph. ,. ,
<br /> 15. Governing Lavsi;Severabtlity. Tn�s SeCUrity Instrument shall be governed by (ederal Inw and the law of ihe
<br /> jurisdiction in wnich the Property is loceted. In the event that eny provisfon or ClauSe of this Security �nstrument o� the Note conlGCts .. ,
<br /> with applicable law, suCh conlliCt Shall not aHeCt other provisions of thls SeCUrqy Instrument or the Note whiCh Can be gwen eHect
<br /> without the contliCting provision. To this end the provislons of this Security Instrument and ihe Note are declared to be severable.
<br /> _! 16. Borrower's Copy. Borrower shell be gNen one conformed copy of the Note and of this Security Instrument.
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<br /> � �7. TretlsTe� OT tne rroperiy Of tf ocncnt,�a� ��wv�cw �.. .............. .. �!! ^' _^y ^nA n} thw ProDertV O� 8f1Y _. ^___ _ _
<br /> interest in it is sald or trnnsferred (or if a beneffcfal interest in Borrower is sold or transfeRed and Borrower is not a natural person)
<br /> l without Lender's prio� writlen Consenl, Lender may, at its optfon, requke �mediete paymant N lull of all sums secured by thls Security
<br /> Insimment. Howevar,this option shall not be exerclsed by Lander If exdrCfSe IS (NOhlbited by fede�&�law as Of thB d9t8 ot thlS S@CUrity
<br /> i �
<br /> I n simment.
<br /> II Lender exerCiSes IhiS option, LendOr Shflll gNe Bortower not�Ce of acCelerai�on. The not�ce Sholl provide a peripd oi not �ess
<br /> than 30 dttys Irom the dete ihe notiCe �s del'aered or m8ded withfn wh�ch the Borrowor must pay all sums svcured by this SeCUrity
<br /> insUUmont. if Borrower la�is to pay these sums prior lo the expirntion o�this per�od. Lender may invoke any remedfes permitted by this i
<br /> Secw�ty i�strumenl wdh0ul furiher not�ce or domand qn Borrower. Fo�m�ose eioo
<br /> !�O1e l Ma I+u•ot� Pago S o�S
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