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<br /> � 7, Protectlon of Lender's Rlqhts In the Property. U eonower talls to per�orm the covenanls end aprsemento
<br /> � oontained In this&ecurily IneWment, or there IS a layal proceodiny that may efpnM{oentty xHeci Lender'e rtghte In Ihe Properiy(suoh as
<br /> a proc�edlnp In bnnkruptcy,probeto, (or oondcmnatlon or forlo�tura or to ontorce Inwe or reflu�ttane), Ihen Lender mwy do end pay for
<br /> whatever Is neceenary to prateat the value ot the Propeny end Lender'd rlghte h the Propeny. lender'e actlo�e mny Includo pnyln0 •
<br /> any oums aeCUred by e Ilen whbh ha�s prbrity over thls SecurNy instrument, appearhg in coun, p�ykt0 rea8onsbb attorney'e foas nnd
<br /> enterinq on Ihs Property to mnks rapaYe, AMhouph L�nd�r may lake ectlon under thls pnrayr�ph 7,Lender dooa not huvo to do eo. :-
<br /> Any omounte disbursed by Lsnder undbr lhla perapnph 7 ahall become nddRiona� debt ol Borrowar socurad by thh Security T
<br /> Inatrument. Unless Bnrrower end Lander ayres to othN terme of payment, these �mounta ahall bear hterest lrom the d�te of� •
<br /> dl;bur..cmenl At the tJOte rele nnd shali bo peyible,wRh Interest,upon notfce fram Len�er to BortOwer roqueslinp paymenf.
<br /> 8. Mort�sae Insurence. If Lendsr roqulr�d moRpape haurtncs as e aondiNon oi r�u�kl�ip lho ioan :.ccoro� ey tnis 0 _
<br /> Secu�ky Inswment, Borrower shali pay the premlums requlrsd to mahtah ths mortyape Ineuranca In ettect. If, lo� my ratson, the _
<br /> moRpaye Insurance coverape requked by Ler�der IePSes or ceases to be In eHoct, Bonower ahall pny the premiums requked to obtoln�
<br /> ` cove►ape aubstantlaly BquNalent to the mortq�pe haurance prevbuey h 9tfeat, nt e ao91 subBtentlally equN�lent to thp oost toQ
<br /> BorrowW al the mortqage hsuranCe prevbuay h eNect, Kom an nRemate mortpape insurer epproved by Lender. If substentlalry� -
<br /> equHalent mortqafla InsuranCO coverape Is not avellabie, Bortower shall pay to Lender eaah monlh e 8um equel to onatweMth o1 the�
<br /> yearty mortyepe Insurence premium holnp pald by Borrower when the haurance coveraqe lapned or ceased to be h etleot. lender wlllw
<br /> accept, use and retaln these payments as a bss reserve h I!eu of mortyapo Insurance. Loss reserve paymenta mey no bnper be�
<br /> requked, at the optbn of Lsnder, H martpage Insurance coverago (In tho amouni and (or the perbd that Lender roqulres) provlded by ti ;�•
<br /> � an insurer epproved by Lender apaln becomes available and Is obtahod. Bortower she�pay the premlums tequlred lo r��ehtain . _:;;,F,. .
<br /> mortgope fnaurance In effet6 �r to provkle a bss reserve� until the roquirement for mortgage MSUrance ends In accordance with any . ., _;���
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<br /> written ayreement behvean Borrower and Lender or eppibable law. '�+P"�
<br /> 9. If16pCCtl00. Lender or ks agent may make reasonabfe entries upon and Nspectlons of the Property. Lender shall give ;>����'��r-
<br /> Borrower notk:e at the time ot or prbr to an inspectbn speoNyinp reasonnble cfluse tor the inspeclbn. . _
<br /> 10. Condemnation. The proceeds ot any award or ctakn for dameyes, diroct ar consequentlai, In canncctlan tilkh any •���
<br /> condemnatbn or other takhp of any part of the PropeRY�ur tor conveyance In Ilau of condemnalbn. aro hereby a55ipned end shall be ��.er�-�-
<br /> ����r
<br /> pald to Lender.
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<br /> In the event of a total tekhp ot the Property, the proceeds shall be applied to the sums secured by th� Socurlty Inst�ument, i�__
<br /> " whether or not then due,wkh any excess pald to Bortower. In the event of a paRlal tekinp ol Ihe Property in whbh the f4a market 4
<br /> '} � vdue of the Property lmmediately before the takhp Is equal to or preater than the nmount ot the sums securod by thls Security ',_
<br /> � instrument Mmedtatey t�etore the tnkhp, unless Borrower and Lender otherwlse egree fn wrRirp, the sums seeured by thls Security ..:,�,...
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<br /> Instrument ehall be reduced by the nmount of the proceeds muRiplfed by the foltowhg hactlon: (a) the total gmount al the sums �
<br /> secured hunedlately b�fora the takhp, dNlded by(b) the fak markot value of the Property Immedlstety before the taklnp. My 6slance � �" : _
<br /> � shall be p�W to Bortower.In the event of a partlal takhp o} the PropeRy in whbh the fat maiket v41ue of the Proparty ImmerllutoN !.,, �.
<br /> _ � aaree h wrkin0�org unbs9h pP kabie IEtw othterwlse pSOVides,the peoceeds shaA beBappGed to'the sumsWSecured by��s Seourity ,
<br /> � Instrument whether or not Ihe sums are th�due. � �
<br /> ' If tha Property Is nbandoned by Bortower,or M,arter natfcs by Lende►to Borrower that Iha condemnor oftero to m�ke�n award or �
<br /> `'• settie a clnim tor damages,Borrower lails to respond to Lender wRhin 30 days after the dele the notfce Is plven, Lender b authorized :r •''i �x�
<br /> • ��• t o c o i l e c t a n d a p p y t h e pr oceeds, at its o ptbn, oither to restoratton or repalr of the Propeml or to the sums secured by ihis Securky '� ., .,
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<br /> �p instrument,whether or not thon due. �3'r`
<br /> Unlesa l.eadet end Barower otherwise ayree h wrRinq, any epplbation of proceeds to p�Yicpal shell not extend or postpone the ;�
<br /> due dete ol the monthy DW►nenta referred to In pnrapnphs 1 and 2 or chan0e the amount ol such payments• . .:
<br /> 11. Borrower Not Released:Forbearence By Lender Not e Watvnr. �nensbn o� me cme �or ptyment or 'r , -:
<br /> modMicatbn of emoRiraitan of the sums sacured by thls SecurRy Instrument prented by Lender to any successor h tnterest of Bonower ';�
<br /> � shnll not operata to reie�se tho 11abYky o} Ehe orfptnal Borrower or BoROw�s successors h inl�rest. Lender ehalt not 6e required to •_ _
<br /> corrwroence proceedinps eqshst any successor In ht�rest or retuse to extend tMne tor paymeni or otherwise modify tmortirntbn ot the ���
<br />- � sums seCUred by tAIS Security Instrumer►t by ronsun of any demand msde by the orighal Borrower or Bortowera successors in
<br />- , htoros� Any torbearance by Lendor In exercbin�any ripht or remady ahnll not be a wahrer of or prealude the exerofs�of my ripht or �_ y:�
<br /> � . remedY, --
<br />-'�' • � '' ;� 12.S�ccesfors and Asslyne Bound; Jolnt and Severel Llsbility; Cc•alqnere. rne coven�n�s ana ,--
<br />-". !`; oproemanu of thls Secunty lnstrument BhaN bad And beneft the successore and assipns ol Lender and Borrower, 5ubjaat to tho
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<br />- provislons ot p��pnph t7. Bortowers cov�nants and fipreements shaN be Joint and severel. My Bortower who casqns thls Security `
<br /> Instrument but does nOt execute lho Note: (e) ls Co•slpnhp thts Socurity Instrument onty l0 mOrtya9o, qrant, end Convey thnt _,,_ __
<br />�x c• Bortowere hterest h the Property under the tarms of thls Sacurfty Instrument; (b)Is no4 personnly obligated to pay the sums eecured ;r_____ _ _
<br /> • `� by thb S�curily Inswment; and (c) agnes that Lender and any other Borrower may agree lo exiend, modNy, tarbear or mako any �,;.�----
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<br /> acoommod�tions with��ptrd to terms of this Security InsWment or the Note wkhout that Bor�row�r's consenL �
<br /> � Y 13.I.oen Ctu�ge�. If the ben secuted by lhis Securtty Instrument Is subJect to a law which aets maximum ban charpes,
<br /> - �w� ond lh�t I�w k fina�y inlerpreted so thtt the Interest or other ban charpes collected or lo be collected In connectbn wRh the loin - __�__-
<br /> � ' ` exc�ed tha perrt►Nted {Tmta, then; (a)any such ban charpes ahall be reduced by the amount necessary to reduce the charye to the _______
<br /> '� ' pe�mltted Ilmk;antl(b) aeY suma alrendy aoNeoted trom BorrowYr which exceeded permkted Arnfls will be retundad to Borrower. Lender ,,.,;',�;
<br /> ��r��tir���c°:.
<br /> u may ofioo�s to meks thb �eNnd by reduahp the prinolp4l owed under the Note or by mabshp a dMeot payme�t lo Bortower. If a ``,,.;�,
<br /> - � retund nduces prinCipal,Ihe reduotbn wlll bs tretted as n pertlal Prepaymunt wfthout eny preparment aharye under the iVole. _ :..� -� �'�._
<br />_ a 14.Nottcea. Any not�Ce to Bortower provided (or h this SecurRy instrumcnt shaY bo qNen by dolNArh�p k or by maAiny k by ;��F ��.r.
<br /> ' first class mall unless epplicable law requkes uso ot another method. The notfce shall 6e directed to the PropoAy Address or my •:�:,r;.�_f:,,� � , �
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<br /> other address Borrower desqnates by notlCe to Londer. My notbe to Lc�ndar shall be pk�n by flrst class mall to Lender's address .,,. , .
<br /> � stated hKeh or any othx address Lendor doslpnates by notice to Borrower. My notico provlded for h this Security InsWment ahall .''., .•i;;;:'.;�:L.;.,
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<br /> be dgerMd to h8ve been pNen to Borrower or Lender when glven as provided h thls paraprapR • ,. .
<br /> �� 16.Governin� IAW�Severability. This SOCUrity In6Wment shall be povemad by federel Iflw end the !aw of the •
<br /> Jurisdbtbn In wh�h the PropeRy Is lacated. In the went thet any prov{sbn or clause of Ihis Security Instrument or lhe Note conflfcts ,�"•
<br /> - " • w+th appFCabb 1aw,suCh conlNat shen not attect other provtsbns of this Securfty InsWment or the Note wh�h can bs�Nen eNect
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<br /> � Wuhout the con8fctln0 provisbn. To thk end the provisbns of this Security Instrument and the Noto are declared to be severable.
<br /> � � 16.Borrower'a Copy. BoROwor shnA be pken one contortneC copy of tne ivoie a�o o:i�R�d:i+Tnl��a����• --` -_- - -
<br /> _ � 17,Trensfcr of the Property ar a Benefictel Interest In Borrower. It eu or any part of the Prope+ty or any
<br /> . j interest h k b sokf or Vanaferred (or N e benel�lai Interest h Bortower is soid or transl5rred and Bortower is not e netural person)
<br /> wkhout Lencters prbr N�ttan consent,Lender m�lY� et ks optbn, require Immedlate payment in luti of nil sums secured by thls Security
<br /> InsWrnent. However, thH optbn shall not bo oxeratsed by Lender M exerclsa Is prohlbRed by lede�ai law es of the date ot this Securky I
<br /> I�aWment. , ,
<br />— ' I} L�nder exorcfses Ihi�optbn,Lender shan pNe Bortowor not�e of flCCeleratbn.The notke shell provlde a porbd ol not less than
<br /> ' 3p dtys Irom th� date the not�Ce ts de�lvered or melied wkhfn whfch the Borrower must pay all �ums secured by thls Securky ,
<br /> InsWment. If Bortowe�lolls tu pay thesa sums prbr to tho explratbn of thls perbd,Lender rnay Invoke any remed'ss pertnttted by this , '
<br /> _ Form 302E i/B0 .
<br /> Security InsWment without tuRher notice or demand on Bortower.
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