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<br /> �,-�, . . , � 7. Frotecttan of Lender's R[ghYa in tt�e Pro�seirty. n eoROwer �s to oenom� ene couenents ertd agrieemaets `� . .
<br /> • contabied in thLs 3auu3fl tnstrumenl,a tAsre ts e�gal OroceeSmg that may siqr►ifie�ntN effsct Lenders r�Rts U the PtoAertY(SUCA as `,��r �
<br /> ' �` a proceedtn g tn banicruptcy.Drobate,(ot eondemnaUon ar torteimre or to en fores i a w s o r re g u t a U o n s).t h a n t e n Q e r m a y d o a nd pa y for '',,c
<br /> ' � whatever ts necessBrY t0 protect ttt9 vaNe o?the P t opmty an d l e n d e t s r i g h t a i n t h e P r o p e r t y. l e n d e�s a c U o n s t n s Y i n C h i d 9 p 8 ytn g .. `,<.
<br /> • x�. any sums secured dy a Iten whtch has priority ovar this Seeunty tnstrumeni,apDearm9 f�cou„�DaYN9�ansbts aqomey's faes and
<br /> � •- entermg on t�e Property co t+�lce�epabs- Atthough Lender may take acdon under th13 para�apn T.lendar does not have to do so- � ` � ' 4.v ' �
<br /> - �.� � My emoun t s d 3 s b u r s e d b y t s nder under this par89raph 7 shaU became addittonal debt ot BoROwer secnred qy thts SaCUr�Y ,
<br /> � • instrument. Unless Bortower and Lender egree to attier mrtns ot paymenf, these amounts shaU bear interest hom the Qete of
<br /> - diShuBerttent at the Note r8te a�d shatl be payabia.with tnterest,upon notiCe trom Lendar to 8orrower requestin9 paYmenL ,�` ,,
<br /> ` �`, v - , e. Mortgage Insvrence. If Lendsr requtred mortgage insuranCe Ss e eonddlon ot makEne the tosn secured Dy thLs SBCUrRy . . .
<br /> ' lastrumanb Bonower shaU pay the premiums required to malntafn the mortgage ins�rence tn effeet t!, tor any reasan.the moKgage : �•�
<br /> < : `<--'• �suranCe eovet8ge ce�N�ed'DY�enQer tapses or eee58s t0 be in 6lfett. Bocrower st�ell p8y the P�emiums required to obt8in Coverqqe � �• r
<br /> � _.,..;-C G- . _ _,
<br />- - substantlaU�f equNaisnt to the mortgage insurance prevtoas(y a�eH�t�at a Cost s�+bs��equtvaient to t4�e Cos!tC Borrower of the �
<br /> - _`- mortgaga insurance prevtousty c� efteet.trom an aCemate moR$age �aD�rav�d bY len�er. it subsfant�all�� eq�+ivatent moRQage — .
<br /> . m��� �ove�age is �at 8y8i)epie, gurrpwer shaU pay to Lendsr each month e sum equsl to on�twe6th of the yeatry moRgage , �
<br /> . a�suraneg prem5un being patd 4y Borrow�wAen the fnsur8nce CoverBge IaDsed or ceBSed to�e in eftect Lender w�l euePt,use end , , � ._
<br /> � , retac►thase payments as a loss �eseiva in Beu of mortgago insurance.fo�the mlod � LenQer��equites)nprovided by end�b�sutee � , � . .
<br /> - option ot Lertder. it mortgage rtuurance eoverags M the amount end P � �. '
<br /> � � `.
<br /> _ ePProved by lender agatn becomes avaifable and Is obtained. Bortower sh8fl PaY the premiums requhed m matntain martgage � .
<br /> � insurance rt� eitect. or to provtde a toss reserve, until the requtrement for mortgaqe insurance ends in accordance wclh enY Nrcnten � � t. .
<br /> _ � . � ` agreement between Borrower and Lender or appticaEla law. � . . ',
<br /> - • "'' g, IItSp@CtI011. Lsnder or �s agent may rrtake reasonab►e entries upon and inspections o�the Property. Leader shaU giue .��_.. „
<br />` Borrawer notice at the tone of or priar to en o�spection specirying reasonable cause for the inspectSon• ; �`
<br /> - �- 10. Condemnatton. The proceeds of any award or claim for dama9es. d'�rect or consequenC�al. in eonnection wdh any . .:r T='�� --
<br /> • condemnation or oiher takfig ot eny part ot the PropertY.or tor Conveyartca��of conQemnatton,are h�eby assigrted and shaU be _
<br /> ' .. � paid to Lender. � �
<br /> � � tn the event o!a totat tefcmg of the Property, the procaeds shaU be appQed to the sums secnred by this Securih tnstrument, �, � " __
<br /> � � whether or not then Eue,with any e�ess Paid to Bortawer. fn the event o!a pattiat takhi9 of the PcopeRq fn wflfcff tha fair maAcet , " . '.`�-
<br /> ' ::;i vatue of the PropeAy immad�iatery before the fakfig is equal to or greater tha� the amavcrt of ttie sums secured by this Securiry ...,:r � .t,� -
<br />;s�°. `• ' `�``• Instrument tmmediabeN betore the taking,un(ess 8orrower and Lender otherwise agree In �vr3ing.the sums secured by tt�is SeCUrity► •�-�_„
<br /> ' `' ' Instrument shaU bs reduced by the amount ot the proceeds muRipF.ed by the tollowfng iractton: (a) tAe totat emount a! the surtw . .�_;�
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<br /> secured fmmediatety before the taking. dNided by(b)the faU martcet value of the Property immediateiy betore tAe takfng.AnY hatance ,y t�,i�-�
<br /> ���.'r'' shaU be paid to 6orcowet. 1n the event of a partial teking ot the Property in whieh me fatr�g�'�u'9 0�the PropeRy (mmediatety Y6_
<br /> ' before the taking is less than the amount ot the sums secured immed�tery betore the taking,untess 6ortower and Lender othB�wLsB ; 1���_-{
<br /> ... � -�:'` agree in wr�ing or untess apDlicabie faw othenvise providas. the proceeds shall be eppt!sC to the sums secured by this Sewrhyr `. a�'�-
<br /> � � �;::� InsUUment whether ar not the sums ate then due. � � •�•;�-
<br /> ,�.�•' II the PropertY is abandoned by 8oaower,or if,after notice by Lend�tu Barrower that the condemrtar oHers to make an 8werd or �*=�,-_-..-
<br /> � setUe a cfaan for Qamages. Bortawer talls t0 respond to L.ender wfth�30 daYS after the Cate the noUce(s flNeo•Lender is a�tAariaad . ��.,�.
<br /> to collect and appty the proceeds,at its oDtion,either to resroratlon or repair ot the P�operty ar to the sums secured by this Securnfr • • • •i,��
<br /> . : ��,
<br /> ; �. ° InsUument,whetAer or not then Q�:9. • � =
<br /> � Untess Lender and Borrower othenx(se agree In wri�nQ.enY eDDlkaUon of proceeds m b�rmctpat sha�not extend or postpone the ��;�
<br /> due date of the monthry payments referred to in paragraphs 1 and 2 ar chartge tfie amount at suah payments. � _
<br /> �� � - - 11. BoRm�r No4 Released:Forbesrartce By Lender I�mt a Waiver. Extens�on of tne tune ror payment or ..�'
<br /> . ;
<br /> - � modificatton of amoRimdon o1 the sums secured 6y this Security Insbument grented by LenGer to any su�ssar in mterest of Bor�ower • .:,�,
<br /> � shall not operate to retease the fiabiiiry of the original Bonower or Borrowe�s successors in tntares4 Lender shaH not be required ta . . ;�Q;�-
<br /> commence proceedmgs aga�st anY successor m interest or cetuse to extand time for payment or otherwise modify amoRization ot the � ��,�^•
<br /> .. t� sums secured by this Security Insuument by reason of any demand made by the original Borcower or Borrower's successors in �:.-T�„-Y,
<br /> ' � ' ' � + interest. Any forbea►ance by Lender in exercising any right or remeQy sha0 not be a waiver ot or prectuQe the exercise ot any right or �.rn*.;_-
<br /> . `�-_
<br /> . � remedy. � , .. __ -�
<br /> � 12. Successors and Assigna Bound;Joint and Severat Liabtlity; Co-slgnera �+e co�enen�s end
<br />- agreements of this Seeurrty instrument shall bind and benefrt the suecessors end esslgns of Lender and 8orrower. subjeet to the �''���
<br /> `f' � ' pravisions of paragrapb i7. Borrowers covenants and agreements shaU be joint and severe! AnY Bortower who co-signs tAfs Sewrtty �; j�-,-
<br /> Instrument but does not execute the Not� (e) Is Co5lgning thfs SeCUtiry Instrum9nt ony t0 mortgage, grenL 8ed comr0y thet ,
<br /> - • Bonowers b�teresi in the Praperty under the tertns ol thi9 Security InsUUmenr(b)Ls not personalry obligated to psy the sums s�ured . �
<br /> by this Seeurity lnstrument and (a) agrees that Lendet and any other Bonawer may agree to extenA.r"aCitY, torbear or make any • . .
<br /> � accommodations with regar0 to tertns o1 thi�Securlty Instrument or the NOte without that BortOwer's Consen� • -
<br /> . • °; 13. Loan Charges. lf the Ioan secured by thls Security Instrument is subject to a law wbtch sets maximum loan charges. ,
<br /> and that taw is Matlyr interprete0 so that the interest or other toan aharges cotfected o� to be cotlected in connection with the loan
<br /> ; q. .
<br /> • ' ' exceed the permitted��KS. then; (e) any such loan charges shall be reduced by !he amount necessary to reduce the charge to the • � ,
<br /> �• ' permitted limih end(b)any sums aaeady coltected hom Borcower wh�h euceeQetl permitted limits will be rotunded to Bortower. Lender •
<br /> may choosg to make this relund by reducing the principal owed under the Nota or by making a direct Da9ment to Bortower. H a � -
<br /> ' refund reduces princ�al,Me reQucdon wili be Veated as e partial prepayment without any prepaymens charge under the Note. .
<br /> �� ' 14. Noticea AnY notice to 8ortower provided tor in this Seeurrty InsWment shaU be given by delhrering it or by mailing tt by . � �
<br /> •,,�:� first ciass mail unfess apD�icable law requUes use ot another method. The notice shall be dlreCted to the Property Address or any �
<br /> � other address Bonowet designates by notice to Lender. My notice to Lender shall b0 glven by tlrst ciass malt to Lendera address _
<br /> stated herein or any other addws9 Lender deslgnates by notke to Bonowea My not�e provtded tcr in thb 3eCUrrityy Instrument 5ha11
<br /> � be Qeemed to have been glven to Bonowe�or Lender when given es proviQed tn thts paragraph.
<br /> � 15. Governing Lsw; SeverabiUty. This SeCUrity InsUument sh811 be goveme0 by federel law en0 the lav� ot the ._
<br /> � jurisdiction 1n whkh the PtOperty �s loceted. In the event that eny provision or Ctause O1 this Security Instrument or the Note Conflbts .
<br /> �:�j �. • � � _ with SppiiCeblA Iaw. Such confUCt shail nat atfect other provlsions ot thls Security �nsWment or the Note whlch can be giuen eHect . �� .
<br /> wdh0ut thp confiiCting p�Ovision. To this end the provisions o1 this SflCUfity tnstrument 8nd the Note ere deClared t0 b9 Severeble. ,
<br /> � : 16. BorrowePs Copy. Borrower shall be grven one Conformed Copy O1 the Note 8nd ot this SeCUrRy �nstrument.
<br /> � 17. Transfer ot t0�e Property► or a Beneticial interest in Borrower. n au or any part ot tne Property or eny
<br /> interest in it is sold o� trans}erred (or it a benef�cial interest in 8orrower is sold or transferted and 8orrower is not a naturel person) • ,;
<br /> ' � wdhout Lender's pnor wrRten consent, Lender may,at ds option, require immediate payment in tull of all sums secured by this 5ecurityr �
<br /> � Instniment. However,this option shall not be exerCised by Lendor it ezercise is prOh�bited by feder&I L3w as of the Aete of this Security
<br /> insiroment. • :
<br /> ' � I! Lender exerctses this option, Lentler shail give BonOwer not�c0 01 acCeleratlon. The natice shall provide a period ol not �ess � � .
<br /> lh8n 30 days Irom the date thA notice is delivered or mailed witnln whiCh the Bortower must pay all sum9 secured by this Secur�ty
<br /> � �,` ' InStrumenl. if Borrower faiis to pay these sums prlor t0 the 6��►etion Of this peri0tl.Lender may invoke eny remed�8s permitted by this
<br /> • SeCUrRy Instrument wrthout furt�et nOt�ce or QAmand On BotrOwer. Fo�m�oze sreo ' :
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