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<br /> � 7. Protection of Lender'i Flighta in the Property. It Borrower ldis b pertorm tho covenants and e9reements �
<br /> i contalned In thls Securiry Instrument,or Ihere Is a leqnl proceeding that may eipnifb�ntly aHeCt Lender's rights in the Proporty(such as —
<br /> a proCeedinp in bynkruptey, probate,tor condemnatlon or fortelture or to entace taws or�egulatlons),then Lender may do and pay for
<br /> I whatever Is necessary to p►otxt the vaUe of the Property and Lender's rlghls In Ihe Proporty. Lender's actlons may Include payng
<br /> nny sums secured by a lien wh�h has prtonty over this Security instrument,eppearng In couR, paying reasonable attorney's fe�s and(Q
<br /> � enterinp on the Property lo make repalra. Although Lender mey teke action under thb neragreph 7,Lender does not have to do so. �O ;
<br /> Any emounts disbursed by Lender untler thls pflragraph 7 shAll become adddlo�al debt of Bonower secured by thls Seaurity � �_
<br /> Inetrument. Unlesn BoROwer and Lender agree to other terms of paymen6 these amounts sheli bear interest from the date of .
<br /> dlsbursement at the Nole rate end ehail be pnyabie,wRh Interest, upon notice Irom lender to 8orrowor requesting payment. � -
<br /> 8. Mortyaqe I�wrana�. If Lender requlred mortgage Insurance ea a condition of mQking the loan secured by thls Security�^ _
<br /> , Instrument. Borrower sheN pey the premlums requlred to malntain the mortgaqe ineurance in ettect. If,for any raason, the mortgege�„� I :
<br /> � inaurance coverape requYed by LenOer lepses or ceases to be in etiect, Borrowor shul►pny ihe premlums requlred to obtnin coveregeW
<br /> r � substenttally equNalent to the maApege hsuranCe prevlously in eftect,at a coat substanlblty equlvalent to the Cost to Borrower of the� I -
<br /> � mortgeye Insurance prev�ousy In eHeot,from an aiternate mortgage tnsurer epproved bY Lender. If substantially equivalent mortgege� �
<br /> i Insurence coverags is not avallabb, Qorrower shall pay to Lender each month a sum equal to one-twelfth of the yearly mohgnge I „ _
<br /> ; insur8nce premium beinq pald by Bor�ower when the Insuranae coverage lapsed or ceased to be In eNect. Lender wlll accept,use end .
<br /> retain these payment�as a loss reserve in Ileu of mortgage Insurance. Loss reserve payments may no longer be requirad, at the � ..' �,
<br /> option of Lender, Ii matgage tnsurance coverage (h the amount and for Iho perlod Ihat lender requires) provided by an insurer . •:�}.�;�;:K:• �_
<br /> � approved by Lender agalre beaomas available and Is obtalned. Borrower shall pay Ihe premiums required to maintaln mortgage *::
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<br /> hsuranco In eNect, or to provlde e loss re3erve, untll the requfrement for mortgege liuurance ends In accordance wah any writlen _
<br /> epreement between Borrower and lender or applicable law. =v
<br /> 9. Inepect10�1. Lendaz or�5 agent may make reasonable entries upon end bspectlons of the Property. Lender shall give �•,�._,, _�__
<br /> Borrower not�e at the tYna of o� pilor lo an Inspectlon speCitying reasonable cause 1or t�e inspectlon. ,
<br /> � 10. CondemnaUon. The pracaeds of any award or alalm for demages, direct or consequential, In connection wRh any •
<br /> � condemnatbn or other tflking of any pert of the Property,or for conveyance h Ileu of condemnatlon,are hereby asslgned end shal be '
<br /> paid to Lander. '
<br /> In the event ot a total takinp of ihe PropeRy, the proceeds shell be applted to Ihe sums secured by this SecurRy Instrument,
<br /> whether or not then due, wah any exCess pald to Borrower. In the event of n peAlal leking of the Property In wh�h the Iair merket '::�?':�
<br /> • value of the Property mmedtately betore the taking Is equai to or greater than Ihe amount of the sums secured by thls Security
<br /> Instrument Immedlat..!y before the taking, unless Borrower and Lender othenvise epree in wrkEng,the sums secured by this ecur ty
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<br /> � Instrument shail be reduced by Ihe amount of the proceeds multiplled by the lobwng Nactlon: (a) the total amount of the sums �_ ,
<br /> secured immedlately bebre the teking�divlded by (b) the fak market value M the Property Immedlately before the taking. Any balence ;�, .,_^�,-
<br /> ehali be peld to Bonower. In the event of a partlal takhg of the Property h wh�ch the fa4 market value of the Property Immedlatey � .`.y��_.���'
<br /> ; before the takinfl Is less then the arnount of the sums secured knmedlatety before the taking, unless Bortower and Lender othernise � :�
<br /> agree In writing or unbss eppikeble law otherwise provides, the proceeds sha0 be epplied to the sums secured by this Security � i;
<br /> Instrument whether or not the sums are then due. -�" '•`�_
<br /> If the Property is abandoned by Borrower,or H,aRer not�e by Lender to Borcower IhQt the condemnor otters to make an award or �� �_��
<br /> settie a clakn for dameges,Borrower talls to respona to�ender witnin 3C, darn at�r 2ha date iha nat�o t� 6:�n� Ler.der Is autha��ed - -;__
<br /> to colleat and apply the proceeds,at As optlon, either to restoration or repeir of the Property or ro the sums secured by thls SeCU�ity ,��;l.�,-
<br /> InStNment,whether Or not then due. w•-.
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<br /> Unless Lender and Borrowor otherwise agree In wrfting,any applbation of prxaeds to prt�icipal shali not extend or postpone the ��;.r
<br /> due date ot the monthy paymants referted to in paragraphs 1 and?.or chenpe the srnount of such payments. ,
<br /> 11. Borrower Not Released: Forbeerence By Lender Not a Waiver. excenaton of tne time ror payment or : ��;;'
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<br /> modY�atbn of emortiretlon of the sums cecured by thls Security Inetrument granted by lender to any successor In Interest of Borrower y"
<br /> shah not operate to relesse the GabY'�y of the original Borrowar or Borrowe�s succerssors h interest. Lender shali not be requlred to ' .
<br /> , commence proceed►nqs et9ainst eny successor In Interest or refuse to extend ttme for payment or otherwise modtfy amortiutlon of the `;^��,,� --
<br /> suma secured by thB Security Instrument by reason ot any demand mede by the original Borrower or Borrowera successas h �_,� _
<br /> interest. Any forbearencs by Lender In exercising any rqht or remedy sheu not be a wehrer of or preclude the exerclse of any rqht or �.�
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<br /> remedy. �
<br /> 12. Sueceaaors end Aesigns eaund; Joint and Severai Ltabllity;Co-atgnera. The covenanrs and _._
<br /> � agreements of thls Securiry Inswmnnt shall bind and benefft the successors end essigns of Lender and Borrower, subJect to the �;-
<br /> � provisions of peragraph 17. Bartowers covenants and flgreements shail be Jo(nt end several. Any Borrower who Co•slpns this SeCUrity �_-
<br /> Instrument but does not execule the Note: (a) Is co•signing thls 5ecurity Inslrument only to mortgage, grant, and convey that
<br /> '}� Bortowers Interest In the PropeAY under the terms of thls SeCUrfty Instrument; (b)Is not personally obligated to pay the sums secured =__
<br /> by lhis Security InstromenC and(c)agrees that Lender and eny other Borrower mar agree to extend, modily, forbear or make any �.'�;;,�-
<br /> accommodationa with regard to terms of thls Securiry Instrument or the Nole withaut thet 8orrowePs consont. - -
<br /> � � 13. Loan ChargeE. If Ihe loan secured by thls Security Instrument is sub;ect to a law whbh sets maxUnum loan cherges, �� �
<br /> and that law Is fine0y Interpreted so that the Interest or other loan charges coEected or to be collected in connection wlth the loan ^�,
<br /> exceed the permitted Wrnits,then; (a)any such loan chargea shall be reduced br the amount necessary to reduce the charge to the = , ,?
<br /> permitted Ilmit;and (D)a�Y surns airefldy co�iected hom Borcower wh�h excaeded permRted Ilmits wlll be retunded to Borrower. Lender '�;;� �,..+sr�,�
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<br /> may choose to make tF�ls refund by reducing the principal owed under the Nde or by making a dkect payment to Bonower, If a �
<br /> refund reduces princqsl, the reduCtlon wlll be treated as a p8rtial prepayment wilhout eny prepayment Charge under the Nole. ,,,;y�w:.;:.
<br /> 14. NOtIC@8. Any notke to Borrower provided for In this Security Instrument shaN be gNen by delNering it or by maling it by '";i,;'
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<br /> flrst class maN unless appl�abb�aw requkes use of another method. the ndice shail be dlrected to the Property Address or any :�
<br /> other address Borrawer designeles by notice to Lender. Any not�e to Lender shall he glven by fkst class mall to Lender's eddress
<br /> steted herein or any ottter address Lender deslgnates by notice to Borrower. Pny ra1�e provlded for In this Security Instrument shall •�
<br /> be deemed to have been gNen to Borrower or Lender when gfven as proWded In Ih is paragraph. �
<br /> 1b. Governing LBW; Severabillty. This SeCUrity Instrumenl ShaY be governed by fedaral law end the law ot the
<br /> jurlsdbHon In wh�h the Property is located. In tne event that any provisbn or c4�use ot thls SeCUrdy Instrument or the Note conflkts
<br /> wlth applicable Iaw,such confGcl shali not aHect other provisions of this SecuAy Nstrument or the Note which can be given eNect
<br /> � without the confifcting provision. To ihfs end the p�ovisbns of thls Security InsUUmenl and the Note are deClared to be severable.
<br /> i16. Borrower's Copy. Barower shall be gt�en one conformed copy d the Note and of thls Security Instrument.
<br /> ! 17 TrnnBfe�Of the Property or a Beneticial Interest in Borrower. If atl or eny part of the Property or eny
<br /> Imerest in it is sold or transferred (or if a benef�clal interest In Borrower is sold or iransierrod antl eorcower is not a naturai personj --_-'---
<br /> � wphout Lender's �rbr wrBlen consent. Lender mey, flt Rs optfon, require immadiale peyment In full of all sums secured by thfs Security
<br /> � Instrument. Howeee�,this optbn shall not be exercised by Lende:ii exerc5e is prohbited by federal Ipw as ot the date ql this Security
<br /> Instrument. '
<br /> " If Lender exerc�ses ihis opilon,Lender sheN give Borrower notiCe ot accobratlon. The notfce shall provide a period of not less
<br />- then 30 days trorn Ihe dete Ihe not�e �s delivered or meiled withfn whiCh the Bonower must pay all sums secured by this Security
<br /> Instrument. II Borrower leils to pey ihese sums prlor ro the expiretion of Ihis paibd,Lender may fnvoke any remedfes permilted by this i
<br /> SeCUrity Instrument withoul funher notice or demand on BOROW9f. Form�020 9I00
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