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<br /> h ' ' 7. Protect�an oi Lender's Aights in the PropertY. u aorrowe� � to ve�0"" �8 C01�"� �"d aa`�"'�"� ��� ;;'<�`��_.,.
<br /> contacEatl in this SecurirtY[nsVument,or there is a legal proeesding that may 5(gnificanUY attect Lendefs rtghts tn the PropertY(such as � , ..
<br /> a Proceedin9 in banlwP�Y.Probate,tor condemnaUon or torteau�e or to entorce laws or regutatton��s�o s may inc de D Ym9 � • • ' ` '
<br /> . �_;°��•,.:
<br /> < .` ' whatever is neces5ary to prot�t t�e vatue of the PropertY end Lenders r�BAts in tne Property
<br /> any sums secured by 8 lian which has priority o+rer tAis Securty instrume�t, aPDe�B�court.PaY�9�o��attomey's tees end;, • .� . .
<br /> � , enterfig on the Property to meke repaus- NthouBh LendBr may teke a�n uAd9r thls Pare9raDh�.Lend�d°es not have to do so. � .`.c, _ � •
<br /> • V < My amounts dis 0urse d by L e e d e t under this p&ragraDh 7 s�a9 become eddittOn81 debt of 8orrower saCUred by thLs SsCU�iIY C ' ; '
<br /> ., �— InsUUment Unless Borrawer end Lender agres to other terms o1 payment, these amounts shaU hear interest trom Ne Cate o t � �` �.�,:F
<br />- � � ' disbursement at the Not9 rate and Sh�li be PaYable.w8h§�terest.upon noUce from L�der to$ortower requesUng Valrtnent • .
<br /> - . 8. Morigage Insuranc�. It I.ender requtred mart8age o�surance as a cond�ion of making the toan secured by this SecuritY � ,
<br /> � Instru�rtent, Bo�rower ShaD pay the p�emiums requir�ed to ma�fa5� Me mortgage insurance in etfact. If, tor any reason.the maRgaSe � • r'.:
<br /> � ' _�•� insuranCe Coverage cequ�ed by Lender tapses or ceases to be rt�eHeel.Bortower sASD PaY tde P�emSu�s�Auired to obtair►Co�erafle .
<br /> - y�`� —�°�"`', j Substentiflty equivBlBM to the moRgags b�sutance ptevla�s►!1 m efte�8t 8 cost 5ubstentlS�h eQuiv8lBnt to the Cost to Boaower ot Ma
<br /> . �' � � mortgage insurance previousry tn ettect. irom an ait�nete mortgage insurer approvad by Lender. tt substentiairy equiva►ent mortga8a _ - -
<br /> ' �- insurance caverage is not eva�YaDte. Boaower S!�Fay W ��� ��n month a sum equsl to one-twe�th of the yeBAy mortga8a _ , "__
<br /> i auurance ptemtum Deing patd by Bo�to�ver when tde e�surartce covflrage�epsed ot teased to be in effect. Lender wiU ecceA�use and s .�
<br /> f� �'•� retain these GnYmsn� as a foss reserve m �u ot mortgage b►surence. t-oss cesenre PaYme�ts may no tonger be requtred.at tA9 � c ; L ...,
<br /> � • � opNon of LenQer, d mortgage insuranca eove►a8e (in the amount and tot the pedod tha! L.eeder requffes) Provfdad by an tr�surer : .
<br /> .. � x j ePProved by Lender agatn becomes avadabte end is obt8tned. Borrower shall Da9 the Premiums requfred to matr►tein mort�ge �.'.t�� ._' , .
<br /> 7 (n s u�a r►c e in eReCt,or to provlde e bss ceserve. unU7 the requlremment tor mortga$e�nsurance ends �n eccordance w�h eny wr�n
<br /> '. ggreem�t 68tw�n Bortower 8nd Lendet ot appGCeble faw. L�der shell giva � ..�'4.
<br />- . . ., g. It1S'�8CtI01L lender or its agent may make reasonabia entries Won and 'mspectians o!the PropertY• ` �':U^. _
<br /> ' ' Bonowar nottce at the tfiis ot or priar to en insOecUan spacftyTnB reasonable ceuse for the inspectlon. � � ,
<br />- '!0. Gandemnatton. The proceeds of any award or cialm for dsma98s. dQeCt or consequential. irt connection w�Th enY ::_�_ -.
<br /> ,t � " ' condemeatlon a� other tetcing ot any part ot the Property,or tor conveyanee c�fqu ot condemnation,are hereby assigned and shaD be - ` :��,' �l_
<br /> - ' � ; Paid to lend9r. ' , ` '
<br /> � in the event of a total tetcing of tAe Property. the pmceeds shall be app��ed to the sums•secured by this Secur�Y tnstrument, �,.� T _
<br />- - wheMer or not then due, wrtA eny excess Paid to 8orrower. In Me event ot e partiat takin9 of the PropeRy in whiCh the faQ market _-
<br /> value ot the Property immediatety before the taktng is equal to or greatee than the amount ot the sums secured DY this SecuMY . ��_
<br /> `r ,. � I n s t r u m e n t �e d i a l e y betore the talcm9. untess Borrower and lender othenvise agree m wrNng. the sums sewred by this Securiry ' ;�..s;:�,�,.z
<br /> ` i Instrument shail be reduced by the amount of t�e pmceeds murtipReA by t he f o f t ow i n g f r a c t l o n: (e) t h a t o 3! a m o u n t o f t h e s u m s ..:��.
<br /> ..: _�-. z,—__-..
<br /> � secured�nmediatey tsetore the talcrt�9,divided by(b)the fab maAcet va4ie of the PropeRy immediatety betore trie ta4�in8• ��� --, #�-�
<br /> y shail be paid to BaTOwer. fn the e�er►i ot a parttal tekfn9 of the Property fi whkh the fair meiket�ah�e of the PropertY :• < �,�_
<br /> ';.' ' . � .,. _-.-
<br /> befare the taking is tess than the amount of the sums secured imme6iatety betore the taking, uniess Borrowe►end Lendsr otherwlse =._- �-`:,;`;,�*
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<br /> - .- _' .._. agree m w�tting or unless epPticabte law otherwise provtdes. the proceeds shaU be app�ied to t he sums secured b y this 8ecuriry '.,;a,,,_., .
<br /> • � tnswment wtiethe�or not the sums ere then due. , ��
<br /> � •� If the Property is abandoned by 8orrower,or H,after notice by Lender to Borrower that the condemnor offers to ma�ce an sward ot '- r:�_;
<br /> � � settta a ctaar►tor dartiages.Borrower taits to respond to Lender witt�b+30 days after the date the noUce is given.Le�der is e�thori�ed �,����;
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<br /> � to cot(ect end appry the proceeds,at its option,either to restoration or repa(r o1 tha ProPeRY a�to the sums SeCUred by thts SECUr�y , : �,.,
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<br /> .`t,, trtstrument,whether or noi then due. . , °-._ .
<br /> � Untess lender and Borrower otherwise agree in writin9�any aaP��at�on of Rroceeds to pro�cipal shaU not extend or poStpone the , '•-j 4
<br /> ' due date Of the monthty payments�efeaeC to in paragraP�� �d 2 or Change the amount of Such payments- � ;,�=
<br /> � " � �t. �orrower Not ReleasEd: Fotbearance By Lender l�ot a Walver. Extension o� ma tcne tor pa�ment or . 3.
<br /> mo d�'x a t i o n o t a m a rt i r a t i o n o f t h e s u m s secured b y this SeCUrfry�nsUument�ted bY�ender to any sucCessor in interest of Bartower •:.��
<br /> � ' shaU not operate to re{sase the Oab�Tity of the origlnal Borrower or 8orrowe�s successors in mteresG lender s ha l t no t b e re q u Q e d t o . ,
<br /> � commence proceedings against anY sucCessOr h► interest or retuse W mQend time fot payment or otherwise modiry amortirBtion ot the ' ,���.
<br /> � � sums secured DY this Security Instrument by reason ot any demand made by the origin8l Borrower or Borrowers suCCessors in
<br /> � ..,,�'=i'.
<br /> � � interest. Any for0earance by lsnder in exerctsing anY d9ht or remedy shatl not be a waiver of or prectude tAe exercise of any dght o► ��•:;��T
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<br /> �.� : • ' • remedy. ..
<br /> � � � " 12. Successors and Assigns Bound; Joint and Severel Liabil�ty; Co-signers. rne covenanu ane . ��`���
<br /> -.' " � agreements ot this Security Instrument shall bind and benefR the successors an0 assigns o1 Lendar and Bortower, subJect to the , y,�
<br /> ; �, • ,
<br /> provisions of paragraph 17. 8onowers covenants and agreements shall be Joint and severaL MY Boaower who Co-Signs th(9$BCUrRff --��;�;-
<br /> Insbument but does not execute the IVOte: (a} is co-s(gning tl►is 3e���dY �nsVUment onry to moRgage. (�raeL a�d comey that .,.y��
<br /> -I,, .. , � � . , 8ortowefs interest in the Property under the terms ot this SecurRy Instrumenfi(b)is not personatS�►obiigated to pay the sums SeCUred
<br /> :�. � by th�s Security Insuument; and (c) agrees that lsnder and any other Bortower may agres to extead, modNy,forbear or make eny � ,.`
<br /> � � accommOdations with regar0 to terms of this Security tnstrument Or the Note wfthout that 8ortowers ConsenG �;�r':_'r-
<br /> ��'�'� • 13.Loan Chargea If the foan secured by this Security InsWment is subjeCt to e Iaw whiCh sets maximum toen cnarges, , •
<br /> � and that 1aw is finairy interpreted 5o th8t the interest or other loen Charges coifected ot to be colteeted in connecti6n wit�the loen � .: •.
<br /> � �� exceed the pertnitted limits,them, (a)any such loan charges shail be reduced by the amount necessery to reduce the charge to the ,- _-' _-
<br /> � permitted limit: and(b)any sums atready collected hom BaROwer which exceeded permitted nrt+i�s will be refunded to Bartower. Lender ��" '
<br /> �,�' ' � may Choose to make tnis tefund by reducing the principal owed under the Note or by making e direct Oeyment to 8orrower. H a , • ,
<br /> relund reQuces prficipal,the reduction will be Veated as a partial Prepayment without any prepayment eharge under the Note.
<br /> `� 14. NOtiC88. Any notice to 8ortower provided for in thl5 Secur'Ry InsVument shall be given by de��vering it or by m&flUig ft by •
<br /> • fust class mail untess applicable law requ'ves use ot enother method. The notice shall be directed to tn0 Property Address or any � .
<br /> ,::� other address Borrower designates by notite to Lender. My notiCe to Lender sh811 be given by first Class msil to Lendefs sQdcess
<br /> - - state0 nere� or any other a0dress lender des�gnates by notice to Borrower. Any notice provided for in this Securityr InsUument shall
<br /> � �� be deemed to have been given to Borrower or Lender when gNen es provided in t�is Para9rePh• , .
<br /> 15. Governing Law; SBV@f8b11ity. This Security instrument sAatl be govemed by fedaral taw an0 the law ot the •
<br /> i Jurisdlctlon in wh�Ch the Property is located. In the eveM thet any provision or clause oi this Security Insuument or the Note confllcts . .
<br /> ' with eppliCBble law. SuCh Conflict Sh811 nOt aftBC! Other ptOViSlonS Ot thi9 SBCUrit�t InStNment o� the Note whiCh Can b0 gNAn 6HeCt
<br /> ' without tne cor►t�icting provi5ion. To this end the provisbns ot this Securit�r InsWment and the Nate are deCtared to be Severab�e. • , .
<br />_ 16. Borrower's Copy. Borto�ver shall be given one contortned copy of the Note and of this Security Instrument. ,
<br /> � � 17. Tra�nsfer o4 ti�e Property or a Beneflcial Interest in Borrower. u en or any part of tne Property or any ,
<br /> interest i� it is sold or transterred (or if a beneficial interest in Bonower Is Sotd or Vansterced an0 8onower Is not e natural person)
<br /> � � wdhout Lender'S pnor written consent. Lender may.at its option, r@quve immediate payment i� fuil ot all SumS SeCUred by this SeCUtity � ,
<br /> InstrumeM. However,this opUOn shall not be exerc�sed by Lender A ezarcfse is prohibRed by tederal law as o!ihe dete o1 this Setutity .
<br /> ' •� InstrumeM. '
<br /> � , � u Lentler exorc�ses th�s upbon. Lender shall give Bonower not�ce o}acCeteration. The notice shall provide a penod o1 not less
<br /> � than 30 days trom Ihe date the notice is delivered or maited wdhin whicn the Bonower must pay all sums secured by this Seeurity
<br /> � � instrument. If 8orrower}ads to pay these sums prior to the expUatlon of this period, Lender may invoke any remedies pertnitted by this
<br />� Form 3028 9180 � • •
<br /> . � SecurAy�nstrument without turther not�Ce or demend on BonOwer. �
<br /> � . • fi028LM0(�0�47t Page 3 0l 5 ' .
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