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<br /> � 7. Pratection of Lend3r's Righta in the Property. i1 Borrower talls to perlorm the covenants and agreements � ,.
<br /> � contelned In this Security Instrumont,or theru Is a legal proceeding that may slgniiicantly aflect Lender's rights In the Pic>perry (such as �
<br /> a praceeding In bankmptcy,probete.tor condemnatlon or forfelture or to ento�ce laws or re4ulatlons), thAn Lender rney do and pay for �
<br /> � whetever,Ia necessary to protect the value of tha Proporty and Lendor's righis In tho Property. Lender's ectlons mey Inctudo pnying _-
<br /> eny euma aeGUrad by a Ilen which hae prlorily ovor ihis Securily Instrument. appearinq In courl, pnylnc� roasonobl� altornoy'e loeo nnd � T.
<br /> � ontering on ihe PropoAy to meko ropalrs. Although Londer may teke actlon undar lhis perngrapri 7. Londer does not havo ro do so. �_
<br /> Any amounta dlsbursed by Lendctr undar this pnragraph 7 shall becomn ndditlonal dnbt ol Borrowor sacur�4 by Ihls Sacurit1( � �-
<br /> Inotrumont. Unlos3 8orrow�r and Londor agrao to othor tdrma ol peyment, ihoso nmounta shall bcar Intcre3t Irom Iha dnto n� _
<br /> ' disburaemant al lho No4�ialo nnd shall ba peyablo, with Intorost,upon noUca Irom Londer lo Borrower requo3tlnq papneni
<br /> 8. Mortgage Insurenae. II Londor roqulrod moHgugo Insurance As a condlllon ot maklnp tha loan socurod bythis Socurity�
<br /> InnUwnant, Uonovrur shaA pay the premiums requlred lo �nalntaln tho mortc�nge insuranco In oflacl. If, for tiny reason.Ihe mortga4
<br /> .- I Inournnco covorago requlred by Londer inpaes or ceases to be In ellect.Borronor sheA pny the premiums requred lo ulNem covorog .
<br /> substantlally oquivalant to Ihe mortgego insurence prevbusly In e(leet, at e cosl substantlally equlvalent to the cost lo Barower of the�
<br /> � mortgage insuranco previousiy In efloct. Irom en aiternete murtgage Insuror approved by Lender. I1 substantlaly equivalont mortgage —
<br /> in3urance coveraga Is not avaNable, Borrower shall pey to Lender each month a sum equal to one•twelfth of Ihe yeariy mortgage
<br /> Insurance premlum being pald by Borrower when the insurance coverage lapsed or caasod to be in eftecl. Lender v�iu accept,use end 4{
<br /> retaln theso payments as a losa reserve fn Ileu of mortgage Insurance. Loss reserve payments may no longer be requlred, 8i thB , y�..
<br /> optlon ot Lender. If morlgage Insurance coverage (In the amount nnd for the period that Lender requlres) proddeci by an Insurer :.' -. ��
<br /> �.:.;�_,_:�:_:•
<br /> ' approved by Lender agah becomes availabie and is oblained. Borrower shall pay the premlums required to mainlein mortgage _;e,,:•
<br /> � Insurence In eBect, or to provide a loss reserve, untY tl�e requlrement tor muAgage insurance ends in accadance with Any written
<br /> agreement belween Borro�var and Lender or appAcable law. Lender shall glve � �
<br /> y 9. InSp9Ctfon. Lender or its agent may make ressonable enides upon and Inspectlons oi the Property. „�„�
<br /> � Bortower notice at the time ot or prlor to an Inspection specitying reasoneble cause for the Inspecllon. � ,
<br /> � 10. Condemnation. The proceeds of any award or clalm (or damages, direct or consequentiai, In conneWbn with eny
<br /> � condemnatlon or oiher lekhg of any part oi tho PropeRy, or for conveyance in Ileu of condemnetlon, are hereby assigned and shell be �
<br /> pald to Lender.
<br /> � In the event of a tolal taking of the Property. the proceeds sheC be appNed to the sums secured by ihis Secudly Instrument,
<br /> i whether or not then due,with any excess paid to Borrower. In the event of a parllai taking of the Property In whlch Ihe telr market
<br /> � value of the Property Immedlstely betore the taking Is equal lo or greater than the amount of the sums secured by this Security
<br /> Instrument immedlately before the laking, unless Borrower and Lender othenvlse agree In writing, the sums secured by thia Security ,
<br /> � � Instrument shall be reduced by the c+mount of the proceeds multiplled by the following fraction: (a) the tWal emount of Ihe sums ,
<br /> � secured immedlately be(ae the taking, dlvlded by (b)the fair market velue of thR Properry Immedlately betore the taking.Any balence i.��s�
<br /> shall bo paid to �arower. In the event of a partlal taking of the Property In which the teir merket value of lhe Properry immedlately t_ . �
<br /> r before the taking Is less than the amount oi the sums secured immedlstely betore the taking, unless Borrower and Lender othenvlse � �,.,
<br /> ` i a gree In writing or unless appllcable law otherw.se provides, the proceeds ahell be applled to the sums secured by thls Securiry {�;�. ;,��5
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<br /> �� Instrument whether or not the sums are then due. •• '``
<br /> i It tne rroperiy iy etar�dcn�d bY Q�^��"e•,^' tf,anPr notice by Lender to Borrower thet the condomnor oqers to make an award or •�••
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<br /> 3 ! settle a clalm for damages, Borrower falls to respond to Lender wilhln 30 days after the date the notice Is gNen.Lender Is authorized `t„�
<br /> � � to collect and apply the proceeds,at its option, elther to restoratlon or repair of the Properly or to the sums sewred by thls Security ��}^
<br /> I Instrument,whether or not then due. �� � ��
<br /> Unless Lender and Borrower otherwise agree In writing, any applkation of proceeds to princlpel shall na extend a postpone the ., rx�`�•
<br /> I due date of the monthly payments referred to in paragraphs 1 and 2 or chsngo the amount of such payments. : �;_
<br /> � 11. Borrower Not Releesed: Forbearance By Lender Not a Wetver. Extensfon ot tne tme tor payment or ,F_ ,,�;:_
<br /> .,. •a-::.
<br /> �' modl8cation of amortizatlon of the sums secured by this Socurily Instrument granted by Lender to any successor In Interest of Bortower �
<br /> ` shell not operate to release the Ilabllity of the origlnal Borrower or Barower's successors In Interest. Lender shell �ot be required to _
<br /> ' commence proceedngs agalnst any successor In Interest or retuse to extend time for payment or othenvise modiy arnoAlzetbn ot the �__
<br /> •� sums secured by this Securlty Instrument by reason af any demand made by the original Borrower or Bortower's successors In w�
<br /> • interest. Any torbearance by Lender In exercising any Nght or remedy shaN not be e waiver of or preclude the dxercise of eny right or �'
<br /> � � remedy. -�
<br /> 12. Succeseora and Assigns Bound; Joint and Several Liabillty; Casignera. The covenanto and
<br /> r � agreemenls of this Searity Instrument shall bind and benefA tho successors and asslgns o1 Lender and Bortower,subpct to the �'
<br /> r i provisions of paragraph 17. Borrower's covenants and agreements shall be Joint and severel. Any Bortower who co-slgns thls Secudty ���
<br /> Inetrument but doea not execute the Note: (a) Is co•signing this Security Instrument only to mortgage, grent, and convey that --_
<br /> ,� � Borrower's Interest in the Property under the terms oi thls Securiry Instrument; (b) Is not personally obligated to pay the sums secured =
<br /> by thls Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify,(o►-bear or make any ------
<br /> � � accommodetlons with regard to terms of this Security Inslrument or the Note without that Borrower's consent. �
<br /> 13. Loan Charges. If the loan secured by thls Securlty Instrument Is sub ect to a Iaw whlch sHs mexirnuai loan charges, ° �. ,hY
<br /> �� I and that law Is finally Interpreted so that the interest or other loan charges collected or to be collected In connectlon with the loan A�i��
<br /> � exceed the permitled Ymits, thon; (a) any such loan charges shall be reduced by lhe amount necessary to reduce the charga to the ,�;�- � �,�,..; �
<br /> I rh��..'7:.��..� .
<br /> permittod Ilmft: and (b)any sums elready collected irom Borrower which exceedeci permitted Iimits wlll be retunded to Barower. Lender
<br /> • may choose to make this refund by reducing the princlpal owed under the Note or by meking a direct payrnent to Borrower. It a ,ry'�
<br /> � retund roducos principel,the reductlon will be treated as a partlal pr?payment without any prepeyment charge under the Note.
<br /> 14. NOtiC6S. My notice to Bortower provided tor in this Security Insirument shall be given by dolivering it a by mailing It by ,
<br /> Orst ciass mall unless appNcahle law requires use of enother method. The notice shall be dlrected to the Property Address or any �
<br /> other address Borrower designates by notico to Lender. My notice to Lender shall be given by tirst c�ass rn�l to lender's address
<br /> stated herein or nny other address Lender designates by notice to Borrower. Any notice provlded for in this Security Instrument shell I
<br /> be deemed to havo bcen given to Borrower or Lender when given as provlded In this paragreph.
<br /> 15. (3overning Law; Severability. This Security Instrument shall be governed by tederal law and ihe law of the �
<br /> �urisdlction in which the Property Is located. In the event lhat any provlsion or clause oi this Security InsiNment or ihe Note contlicts i
<br /> � with applicable law. such conflict shall not aHect olher provisfons oi this Securiry Instrument or the Note whlch can be given effecl
<br /> � without the conlucting provision. To tlils end the provisions ot this Security Instrument and the Noto ere declrired to be severable. �I
<br /> � 16. BOrt'Owe��S COpy. Borruwer shall be given one contormed copy of tha Note and oi this Sacurity Instrument.
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<br /> 17. Transfer of the Property or a denericiai iniere�i i�� o�����:a:• „ �., o. -^� r-�• - - - • - - ---
<br /> Interest in it is sold a transferred (or it a beneficial interesl fn Borrower is sold or trans(erred and Borrotver fs not n netural person)
<br /> without Lender's prior written r,onsenL Lender may.at its option. require immediate payment in tull of ell sums secured by ihis Security
<br /> Instrument. However.lhis option shall not be oxerused by lender if exercise is prohibiled 'oy federal law as of Ihe dale oi this Security
<br /> Instrument.
<br /> If Lender exercises this optlon, Lender shall give Bortower nol�ce ot acceleratfon. The notice shall aovide a pertod of not less
<br /> than 30 days irom ihe date the notice is delivered or m�iled within which the Borrower must pay all sums secured by Ihis Securily
<br /> Inslrument. If Borrower fails to pay lhese sums prior lo the expiratfon o�ihis period. Lender may invoke any remedies permitted by this
<br /> Security Instrument wilhoul further notice or demand on Borrower.
<br /> FOrnl ]079 9IgJ I
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<br /> I1p17LMG (10,971 � �
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