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<br /> . � � ,' ? 7. �rotection of tender's Rights in the ProperEy►. �f 8arrowe►feIIS to pertortn Me covenants ar�d agreements e0�lained� ' _ ..
<br /> . �I Mis Securri!yy tnswment, or there Ls a tega� Oroceeding that may sign�icanty affect Lenders rights in the Property(sueh as a proceed'mg� � •.. . (
<br /> banluuptcY.probate,for condemnation or tarfeRure o�to errforae iaws or regutations?,then Lender may do and pay tor whafever is necessery
<br /> 3 to protect the va�ue o� the Property and Lender's dghts a� tAe PropeRy. I.enders acdons mSy include paying anY sums secured Ey a Uen � � ,
<br /> i wt►tch has priorityr over this Securdy Instrumern.apPearing in eourt.Paying reasonabie attomeys teas and entering on the Property to make � • . . � .
<br /> � S � . __ .
<br /> ' repairs. Nithougn Lender may t8ke aCUGn under this paragraph 7,Lender d085 not have to do So. . i�. ..
<br /> � ` i Any amounts disbursad by Ler+der undar this pataSrepA 7 shall become addltionai debt ot Bortowet secured Gy this S9writY��struman�� � � `
<br /> ' ` � � � `�! Untess Borrower artd l.ender agres to other terms of paymeni,tl�ese 8mouats shali bear interest from the date of disbutsement at Ms Note� . �
<br />- . :.'r . �s�i rate and sha0 ba payabie.w@h interes�upon notfee trom Lender to�Bortower requesUng payment . , • : -.
<br />.,�, , , 8. Mortgage Insurance. If Lender required mortgage insurance as a Cond�[oo of making tne toan secured by th's Security t .` < t
<br /> • � • ` Instrumen�Borrower sAail pay the premiums requ¢ed to mafita3n the mortgage insurance in eNect If.for any reason,tAe mortgage msurance� �
<br />, 4 � " � wverage requiraed by Lender lapses or ceases to be 'v► eNecl, Bonower shau pay the premiums requ'ved to obtafn covsrage substantially� , -.. - ,-,..
<br /> - • T equivatent to the mortgage insurance previously in eftec4 at a cost substantia�yr equivatent to the cost to Borcov+rer of the mortgage tnsusance� -=- --
<br /> �� 3 previousty m ettec� from an aitemate mortgage insurer appro�eA by Lender. it substentially e4ui+raient mortgage insurance covera9e is not�p `'
<br /> _ � � `3 availabfe, Borrower shall pay to Lender each month a sum equal to one�rivetfth of the yeariy moRgage tnsurance premium befig paid by� , ,_
<br /> =.' �' , , ;i� Borrowet when the msurence cove � •- --. �
<br /> ,i � rage Iapsed or ceased to be in effect. Lender wiU accept, use and remin these paymenfs as a toss _. ..
<br /> • reserve in fieu ot mortgage insarance. Loss rsserve payments may no tonger be requUed et the option of Lender,�mortgage insurence
<br /> . ' caverage(m the amount and tor the period that Lender requires)pro�lded by an insurer apProved hy Lender again becomes avaiiebla and is � .
<br /> ��? ',- � � obtained. Borrower shaU pay the premhims requUeO to mah►� mortgage insurance � eHect. or to provide a toss reserve, unbl the ,
<br /> f` . requirement tor mo '
<br /> rtga9e rt�surance ends in accardance wnh any wrMen agreement between Borrower and lender or appGcabie taw. ,..�<-. :--
<br />- t , '` 9. Ins�ection. Lender or its agent may make reasonable entries upon and inspections af the Property.Lend�shail Gve Borrower ` '._,<<:_�;_�
<br /> ,a�� . • � ' na�s:e at the tune of or prior to an c�spection specifyirtQ reasonabte cause for the ins�ctton. T� �-r--
<br /> ff' ,- , 10. Condemnatlon. The proCeeds of any awerd or eiaim for damages, direct or consequentiai, in cannectian w�th eny s;.,H,,`.:: _ �
<br /> }'; °• condemnatlon or other taking of any part of the Praperty,or for conveyrance in I'�eu of condemnation, are hereby assigned and shaU be patd �� �� - Y:��:�
<br /> - • — to Lender. � '' ;'-�4 :.
<br /> . tn the event of a total takmg of the PropeRy,the proceeds shall be BppGsd to the sums secured by this Securit5��nstrument,whether or � � �
<br /> f�, . �'>'.is;, . , .'.
<br /> ,�: , aot then due, with any e�resss paid to Borrower.In the event ot a parUal taking af the Proper4y in which the tair market vafue ot the Property : , E,�'��
<br /> z ' ' immediatety before the tatcing is equal to or g�eater then the amount ot the sums secured by this Security Instrument immadialety before the '� = �,.
<br /> taking,uniess Borrower end LenUer oMerwise agree tn writing,the sums secured by thfs Security lnstrument shaU be reduced by the amaunt ' ��n
<br /> s"� ' _ of the proceeds mu�iptleG by the toltowing iractton:(ay the tatal amount the ot sums secured immediatey before tne tektng,dhrided by{b)the �-.��-
<br /> `j' • • (a'v market value ot the Property 4nmediatery 6efore the taking.My batance shall be paid to 8orrower. In the event of a partial takin9 of the - {:�``�F%;�
<br /> �'• ` ' PropeAy c�whiCh the i8Q metket v8419 of the Property fmfrtedlate�y befOre the tekblg is I053 then Me emount ot the sums SBCUted immedtdtety
<br /> . .. �' ��_°"_�.'
<br /> before the taking,untess 8orrower and LenQet othenvise agree En vm't§�g or untess appiicabte taw otherwfse provides,the proCeeds shell be ,...,..-_ .�.;e. -�e�
<br /> ,� � 3.:�._t. ._��.� r�.•
<br /> 1.' appCred W the sums 5ecuced by this Securityr Instrument whethet or not the sums are then dua •,:���.:
<br /> It the Property is abandaned by Bortower,or it,after notl�ce by Lender to Borrower that the co�demnor ofters to make an award or settie f��; '—"=`="
<br /> ; ' a ciaim for damages. Barmwer fails to respond to Lender wRhin 30 days after the date the�otice is given,Lender is autharaed to callect and `'_��`�'
<br /> • . appty the proceeds,at its option,eSher to restoraUan or repatr of the Property or to the sums secured by Mis Security Instrument,whether ���'a��'��
<br /> ,. fA,_.��.:.
<br /> . `+•r or not then due. • �.� `, '.'�`"
<br /> . , Untess Lender and Borrower otherwise agree in writing, any apD�icetion ot proceeds to princ�al shan not extend or postpone the due = �• '�� `--_
<br /> ' . " date of the manthly payments referred to m paragraphs 1 and 2 or change the amouni of such payments. , r
<br /> � 11. Borrower Not Reteased: Forbearance By Lender Not a N/alver. 6dension of the time for payment or modifk;aUon ''������:
<br /> �' '' � � � 01 amortiation of the sums seCUred by this Security Insiroment granted by Lendet to 8ny Succassor in interest ot Borrawer shall nOt operate , �'`;,�
<br /> r to release the iiabifiry of the original Boaower or Bortowe�s successors In interesG Lsnder shep not be requbed to Commenee proceeQings - �
<br /> ' against any successor in interest or retuse to extend trtne for payment or othenvise modify emortization of the sums secured by thts SeCU�ity ` :' �--:-.�'
<br /> � Insuument by reason of any demand made by the ortginai Borrower ar Borrower's successors in interest. My forbearance by Lsnder tn , ,''�,`�
<br /> t exercising any rigM or remedy shall not be a waiver of or preciude the exercise o}eny right or remedy. • � �
<br /> �;�y:
<br /> '�.4 .. . 12. Sucees�sors and Asstgns Bound; Joint and Severat Liability; CO-SIgQ@i8. The covenants en0 agteamenta oi � ,;,,�,l.�;
<br /> ��- this Security Instrument shall b�d and benefit the successors and assigns o1 Lender and Borrower, subject to the provislons of paragraah �."��:
<br /> � � 17. Borrower's covenants end agreements shall be Joint and several. MY Barrower who casigns this Securiry Instrument but does not ' � �,i`���
<br /> execute the Note:(a)is casigning thfs Securiry Instrument ony to mortgage,granL and convey that Borrowers tnterest in the Property under � ;��
<br /> � � t�e terms Of this Security Instrumenk(b)is not personairy obligated to pay the 5ums 5ecured by this Security Instrumenr and{c)eg►ees that �� � �
<br /> . " Lender and any other Borcower may agree to extend, modily, torbear or maice eny accommodations with�egard to tertns of this Seeurity •�,
<br /> ' Insb'ument or tha Note wkhout that 8ortowers consent. � � ' ' �
<br /> ' • ' 13. L08f1 Ch8f9P.8. if the taan secured by tAis Security InsUUment is subJect to a Iaw wAich sets mexMUm loan Charges,8nd that �. . • ,
<br /> •t Iaw is (inaly interyreted so that the interest ot other loan charges Colt2cted or to be Coltected in connectlon with the Ioan exceed the , � .
<br /> �+� permitted Iimits. then; (e)eny suCh Iosn Cbetges shall be reduCed by the em0unt neCeSSary to teQuCe the ohErge to the pe�mitted i'unfl:end ' . .. .
<br /> . � (b) any sums aiready coitected from 8ortower wh�h exceeded permitted Ilm�s wiu be relundad to Boaower. I.Bnder mey choose to make ,� '
<br /> � . `• this retund by reducing the prfnCipal owed under the Note or by mak�ng a direct payment to Bonower. If a wfund reduces principal.the . ; � .
<br /> ; reduction wiil be Veated as a part�l prepayment without any prepayment c�erge under the Note. � '. •
<br /> - •'. 14. WOtiC68. Any notrce to Borcower provided tor in this Security Instrument shall Ge given by dellveMg H or by maiting ft by flrst � .
<br /> .',�! � class mail untess epAticeble law requfres use ot another method. The notke shatl be directed to the Property Address or any other address
<br /> � Borrower designates by notice to Lender. My notice to Lender shell be given by first Cless mail to Lendefs atldress stated herefn or any �
<br /> � . � other address Lender designates by notiCe to Borrow8r. My notiCe plavided tor in this Securdy Instrument shall be deemed to hava Oeen , "
<br /> ` �� . I given to 3orrower or Lender when given as provided in this paragraph. � �
<br /> " •i 15. Governi�g Law; Severabllity. This SeCUrity instrument shall be governed by federat law and th9 f8w 0�the JurLSdiCUan in �
<br /> which the Property is loC3tetl. In t�e ev9nt ihat eny provision o�ctause o}this SeCUrity Instrument or the Note coniticts v�fth appliCabla law, .
<br /> � � such conll�ct shall not affect other provisions of this Securityr InsWment or the Note which can be given eHeCt without the confliCting t '
<br /> prov�sian. To this end the provisions of this Securily InsVument end the NOt9 8re deClared to be Seveta0'e. 1 •
<br /> ' � �' 16. BOlfOWef'8 COpy. Bonowar shalt be given one conlamed copy of the Note artd ot this Securityr InsVument. 4 ,
<br /> � �I 17. Transier o!the Property or a Beneflcial Interest in Borrower. if a�l or any paR of the PropeRy or eny mceresi m ; . .
<br /> ; d is sold or transferced (or A a beneficial interest in Bonower Is sotd or trensferted and BoROwer IS not e natural person) without Lender's � ' �
<br /> , '• prior written consent, Lender may, al its option, requue immediate peyment in tull of all sums seCUred by this Securiry Instrument. However, � . �
<br /> ., ; this option shall not be exetCised by Lender il exercise is p►ohibited by tederal I�w as of the dete of this Security Instrument. � '
<br /> - If Lender exerCiseS thls optlon, Lender Shell give BorrOwer notiCe o1 aCCeietBtion. The notice shell provide e period of not less th8n 30 � , �
<br /> �;� • d8ys lrom the tlate t�e notice is delivereC or ma�ied within whicn Ihe Borrower must pay all sums secured by this Securdy Instrument. If � � . ,
<br /> 8orrower tals to pay these sums prior to the expna6on of this period.Lender may mvoke any remedies permitted by this SeCUrity Instrument ! �
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<br /> „ wdhout further notice or demand on Bonowet. t � '
<br /> . Foim 302e 9l90 � • � �
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