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<br /> 7. Protectton of Lender'a Riqhts in the Property. �� sorrower taus eo pertorm me covenan�s and a�raemen�s . .._ .,;.,,�,. .
<br /> ' contained in Ihis Saourky Instrument,or thK� la R leq�l procaadinp that mqy tbnkbanty aBeot Lenders riphts In the Praperty (suah as . ;,y
<br /> a proceeding In benkruptoy, probate,lor condemnatbn or Ior�Nun or to onlorae I�ws or repulatlons), then Londer may do and pay for •
<br /> whatever is necessary to protect the value ot the PropeRy and Lenders rqhts h the Property. Lender's actions may Inciude payNg
<br /> I any sum6 secured by� Ibn whbh h�b prbrRy over thls SiCUrRy Instrument,appsar{np In Court, peyhp reasonabie attorney's lees and
<br /> enterhq on tnA PropeAy to make repaMo. ARhouqh Lender may tak� wotbn undar this paraflraph 7, Lender does not have to do so.
<br /> � Any nmountc dlsbursed by Lender under this paraqraph 7 eha�i beoom� tddnbnal debt of Bortower seaured by Ihfs Seaurqy ,, ,y.
<br /> ;, Instrument. Unless Borrawer �nd Lender ayree to other terms of pnyment, these amounts shell bear Interest from the date of , r�� ��L
<br /> i disbursemem at Ihe Note rate end ahall be payabie,with Interest,upon notice trom l.ender to Borro•�•er requeatlnp paYmenl• ,•,*,� -
<br /> �3. Mort�eqe Insur�nae. II Lender rqqulred mortqape insurnnto ns s conddlon ol making the loan secured by this SoCUrRy C� ' ,
<br /> ' Inslrument,Bo�rower shall psy the premiums required to melntaln tho mortflage hsurence h effect. ��.for eny re8son,Ihe mortgego � ,,.-_.
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<br /> ��_��. ', insurance coverege required by Lender 18pses or ceases to be in eNeC6 BoROwer shaA pay the premlums requked to qbtafn covereqe � � '��!'.:.V ..,�.�ot.+
<br /> ���., .,,w , substantlaly equNalent to thq mortgaqe naurance prevlouoly fn eNect, at a cost substantlally equNalent to the cost to 8orrower of ihe � •;. .^ .
<br /> � _
<br /> mortgape insurance prevlously in eHect, from an altemate mortpaqe Inaurer approved by Lender. If substantially equlvelent mortqaqe � -�,�:'� S`�:,��c�-
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<br /> insurance coverago is nol avalleble, Borcower shail pay to Lender each month a sum equal to onatwe�th of the yaerl mort ye � : ���_�Y-
<br /> � Insurance premium behg paid by 8onower when the hsurance cover8p�4tpaed or cwasd to be In ettect. Lender wlll accept,use and � . yA4�:;.T _�___ __
<br /> retaln lhese paymente as a loss reserve in Ileu of mortyaye fnsurance. Loas reserve peyments may no lonper be roquireC, at the � __�__ __ __ __
<br /> optlon of Lender, if moRpape hsurance coveraye (In the amount and for the perbd that Lender requkes) provided by an Insurer :�„_�
<br /> ' approved br Lender agatn becomes avallabte and Is obtahed. Borrower shtll pty the premiums requlred to m8inuin morty�ye � �a�: .,
<br /> �� Insursnce h eNect, or to provlde a loss reserve, untll the requlrement for moAyage insurance ends In acaordance wNh any wrkten r.` r��Y.
<br /> agreement between 3orrower and Lender or 8ppl�able Iaw. �'�'
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<br /> 9. Inepeotion. Lender or ks agent may make reasonable entries upon and Inspectlons of the Property. Lender shail qNe �. _
<br /> ,�I 8orrower nWlce et the timR of or prior to an inspectWn speci(ying reasonable cause for the Inspection. �,�_,_
<br /> �� 10. Condemnetion. The proceeds oi any award or claGn for damapes, direct or consequentlel, In connecUon wkh eny „•�-_
<br /> � conde�atan or pther taking of any part of the Property,or lor conveyence In Ileu of candemnatlon, are hereby assigned and ShaA be ',`�}{_
<br /> paid to LeMer. f�''
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<br /> In the evenl of a total taking of the Property, the proceeds sheY be applied to the sums secured by this Secur�y Instrument. ,•
<br /> whether or not then due,with any ezCess pald to 8orrower. In the event of 3 part�el takinq of the Property in wh�h Ihe fek ma�ket _��u�'
<br /> �." value of the Property Immadintoly before the teking is eyual to or preater then the amount of the sums secured by this Security r,� „�
<br /> l� Instrume�t Ynrnedlatey before the takinp, unless Borrower and Lender otherwise aqree In writing, the sums secured by thls Securfty �;,`e.`*�"
<br /> �� � Instrument ehaA be reduced by the amount of the proCeeds muRlplied by the tolbwing fracdon: (a) the total amounl of ihe sums ____
<br /> secured imnadleteiy betore the taking, divlded by (bj the fak maAcet velue ot the Property knmedlately befare the teklrp. Ain�ba��ee ��+v�-
<br /> � shall b9 pe�d to BomOwer. In the event of a partlal takinp of the Properly In whbh the ifllr market velue of the Prope4y Y � ��
<br /> `�, before the takinq is less than the amount of the sums seCUred immedlatey before the takhg, unless Borrower and Lender othervrise ___
<br /> agree h writing or unless applfcabls lew othervvise provides, the prxeeds shail be applied to the sums secured by thls Securiry ,.
<br /> _ - ins[rumdnt wP�61Gni o�zct tts�Lums 3te lhen du? condetnnor offflrb to ma�ce an awaid vr
<br /> n r to Borrower thet the
<br /> If the Property is 9bendoned by Borrawer, or if,efter notbe by Le de
<br /> � settle e cmim fa damages, eorrower fails to respond to Lender wfthin 30 days after the date the not�e Is gNen, Lender fs author�ed - _
<br /> � to coWect end appty tne proceeds, at its optlon, either to restoratbn a repak ot the Property or to the sums secured by thls Security _ __
<br /> �. Instrument,whether a �ot then due.
<br /> Unless Lender and Bo►rower othervvlse agree In writhg,any appl�ation of proceeds to principal shalt not extend or postpone the -
<br /> � due dete ol the monthiy peyments referced to in parapraphs 1 and 2 or chenpe the amount of such payments.
<br /> � 11. Borrower Not Releeaed: Forbeerance By Lender Not a Weiver. �ension ot the trne ta payment or —
<br /> modYication of amoAlratbn of the sums secured hy this Securky Instrument qranted by Lender to any sucCessor in Interest of Bortowor
<br /> .•} shan not operate to roiease the Ilablilty of the orlpinal Bonower or Borcower's successors In Interest. Lender shali not be requked to _
<br /> •� • commence proceedings agalnst any successor In Interest or refuse to extand tYne for payment or othervvtse modHy amoRi�tbn of the
<br /> sums secaed by this Security Instrument by reason of any demand made by the oripinal Bortower or Borrowe►'s successws in
<br /> ' interest. My farbearance by Lender in exerclshg any right or remedy shal not be a waNer of or prscludo the exeratse of any right or
<br /> � remedy.
<br /> � 12.Successors and Asstgna Bound; Joint and Severai Liebility; Co-aignera. The co�enants and
<br /> agreemenis of this Securtty Instrument shali bind and benefit the successors and assipns of Lender and BOrrower,subJect to the
<br /> provisbnsof peragreph 17. Bonower's covenants and sgreements sheli be Jofnt and several. My Borrower who ci'S�a Con oythat
<br /> Instrument but does not oxecuto the Note: (a) Is co•sqn►ny this Securky Instrument only to mortpape, p _
<br /> Borrowers inte�est „ the Property under the terms of thls Security Instrument; (b) is not pe:sonaiy obUgated to pay the sums secured _�
<br /> ,�' by this Securqy Instrument; and (c) agrees that Lender and any other 8orcower may agree to extend, modHy, forbear or make any ---
<br /> � accommodations with regard ta terms ot this Securlty Instrument or the Nole wkhout that Bortower's consent.
<br /> 13.Loan Cherges. If the loan secured by thls Security Instrument Is subJect to a law whbh sets maxlmum loan cherqes, —
<br /> and ihat�aw IS finaly Interpreted so that the interest or other ban charges coliected or to be collected In connectlon with the loan — --.j�
<br /> � exceed the permitted Ilmits, then; (a) ony such loan cherges shall be reduced by the amount necessary to reduce the charge to the �_
<br /> permitted`miC and(b) any sums already collected irom Bomower whkh exceeded permitted IMits will�e relunded to Borrower. Lender L
<br /> may choose to meke this refund by reducing the principal owed under the Note or by meking a dveCt payment to BortOwer. If e ,,:�;�r
<br /> _s',��s�:::`,,
<br /> refund re0uces princ�pai.the roductlon will be treated as e partisl prepayment without eny prepayment eharge under the Note, ;�•- ��
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<br /> 14.Notices. My notbe to Borrower provided �or In thls SeCUrity Instrument Shall be gHen by delNering it or by maliing R by _ - - .;"�.`
<br /> first class ma�unless applicable law requires use of another method. The not�e shell be dUected to the Property Address or any �• �{,. �����,:
<br /> ' rq;Y°.�,_";�":.
<br /> other adbess Borrower desipnates by notiCe to Lender. Any notiCe to Lender shall be gNen by first ctass mail to Lenders address ,_����
<br /> stated herein or any other address l.ender desfpnates by notbe to Borrower. My notfce provided for In this Secur(ty Instrument shau ., ,�#�;.'•
<br /> be deerned to have been given to Borrower or Lender when gNen as provkled h this paregraph.
<br /> 15.Governing Lew; Severebitit�+. Thls SeCUrity Instrument SheA be govemed by tederal law and Ihe 1ew o( the
<br /> Jurlsdl�tlon in wh�h the Property �s located. In the event that any provisbn or ctause of this Securiry Instrument or �he Note confllcts
<br /> with app�cable law, such confi�t shali not aHect other provislons of this Security Instrument or the Note whiCh can be given effect
<br /> without Ihe conllbting provision. To this end the provislons of this Securiry Instrument and the Note are declared to be severable.
<br /> ... ..______.__._ i.�.... „___..._. ��..0�...,►.a.,�.,o�nntnm�odr.env of the Note&nd of thlS Securlty In�trument•
<br /> . . 10.DVttV�vCt a vvp�. u.nw..o. �.�........n..•... " _ __'_ _ . . . . _. -..-_. . ...
<br /> 17.Transfer of the Property or e Beneficial Interest in Borrower. i+ au or any pert ot the Prqperty a any - ---
<br /> mte�est n it is sold or transferred (or il a benel�cial interest in Borro�ver is sold or transferted and Borrower is not e natural pe�son)
<br /> without lende�'s prior wntten consent, Lender may,at ds optlon, requ've inmedinte peym8nt in full o�all sums SeCUred by ihis Security
<br /> Instrumenl. Howaver, this option Shall not be exBrCised by�endor il exerc�so �S prohlbiietl by�ederal law as ot the date of ihls Security
<br /> � Insirumenl I
<br /> � if l.ender exercises th�s option, Lender shnll gNe Borrower notKe o�aCCeleration. The not�ce shtill provide a period of nol I�sc
<br /> lhon 30 days�rom the date the not�Ce is delrvered or mailed within which the Borrower must pey ell sums secured by this SeCUrilY �
<br /> Insirument. If Borrower fails to pey tho5e sums prior to ihe expvatfon ol ihfs period. Lender may �nvoke Any remed�es permitted by thK
<br /> Fo�m �076 F��YO �
<br /> Secunty instrument without lurther not�e or d8mand on BOrcower. i
<br /> I F 1079 LMO(�0 VJ) Paq�3 0l S I
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