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<br /> , ```- . .� 7. Protecgton vi lendePs Right�in the F7oPerty. If Borrower taas to P�Orm tf►e Covet�ants end agrABm9nts eon�ined b ,' • `ti ' � :
<br /> . �, ' thts Sflct+�31t tnstrumant, or there fs a �Prooeadin9 tAa! may slgnUiCar►ttl►eft8ct tender's rigMS in the Rroperly(SUCA as a ProceeNng In � '�, �
<br /> bankruptcy.Drobate,for eondemnadon or tortekure or to entaree laws or regufattons�4hen Lender may do and pay for whate�rer 1s necessa�Y �*� � •
<br /> . .. . . � :' `<<• -: . .
<br /> ` • ta D�otect the vahie ot Me ProPe+tY and Lendefs rights in the PmpenY• lenders act3ons maY fick�de D8Ym9 enY sums secured by a.�en - .... . .
<br /> ' ` '� � •. `� wttiCh has Drior3yjov�thts SflCUrdY tttsbum8nt,eDV�9 in Cotut. PeYtn�tessonable ettome3rs bees and entetin9 on the PrOAertY io mak9 �__, =. •
<br /> � . repabs. AllhaugA lender may take aetfon under th�s paragraph 7.Lender dass not Aave to do so. ��. . .. .
<br /> � • ' My amounts d�Sbursed Cy Lendet undsr th[s paragrepA 7 sh8f1 beCOttte flddCtDn81 debt of Botrower secured by this Secur�y fnsUumetit . �
<br /> - Untess 8pirower and LenQar agree to other t6rms ol payment,these amounfs shaU bear tntersst from the date of disbuisement a!ihe Note , ,`�`�
<br /> > � rat@ and shall be payabie.witA fnteres�upon notiee Uom L�nder to Bartow�reque5ttn9 Ga7Rneet �:; '� �°: '.
<br /> . � ` r S. Nlortg�ge lnsur8fte@. tt Lender re4��8e mortgsse tnsurence as a Fonddton of mak6i8 ttie toan seeured �y thts Secim3y :,� '.::.
<br /> Instrumen�Borrawer shaD pay the premiums required to matnffifi ths mor�qage fnstarance In ef(ect if,tor any reason,tt�e moRgags insurar►ee •
<br /> - _�.-�.�'`' � eoverag9 rHquhed by lendet Iapses a► Ceases to be in etPecb Borrowet s�Bll pay tAe ptemiums w4ub'�ed to obffiin cov8rsae SnbstentlBQy � ,
<br />-`_,...,:,_,�__�,__ eQuivatant to the mortgage tnsurance previousty o►eNect.at a cost substantfa:ry equMalent to the cost to 8ortawer ot ttie mortgagB(nsurance , - .
<br /> - previousy (n eftect.trom an eltemete mortgage insurer appraved by Lendt3r.f! subStantiaRy equivel9M mortgage (nsuranee eovera8e� nat
<br /> :. � ' . avaaabte. Borrower sha0 pay to Lender eaeh month a sum eGuai to on�twetfth of the yeartY mortgaS+a insuranee pwmtum betng pafd by y
<br /> ` Borcawer wt►en the Insuranco coverage tapsed or ceased to be tn eHect Lendet w�9 eccePt. ose and �n these payments es a �oas -
<br /> � . reserve tn 1'�u at mortgage Insurance. tass case+ve PaYments may no longer be requtred. at the option ot Lender. B mortgage tn5urance '. • .
<br /> _' . _ . �coverage(tre the emount and for the pertod that Lander ra4utres)provtEed by en insurer apA►aved Dy LersQer agatn becomes avaIIabia ertd is `�.<-`. ;:
<br /> � • • �abtabied. Bortower shaU pay the premfums requfred to malntain martgage insuranee fn eNect. or to provtQe a loss wserve. untA the o� .�
<br />;a,. `. . �',.:.._,. ..•
<br /> 4 , �requir�mnnent Por mortgage insurance ends in accordance w3b eny wrnten agreement belv�Borrower end Lend�or appfcabte faw. ,- .. „,-
<br /> 9. IPIbp8Ctl0n. Lender or Rs agent may meke reasonaple enCtes upon anQ tnspectlons of the Properiy.Lender sheD Ov� Borrowa �"°�°`
<br /> , ,: ,..;r..`_ .=:''
<br /> � � •. �noUce at the tune of ot prior to an fispocHon specityrmg�easonabte cause t or t he 6�s p s c U on. ,__.-r.___
<br /> � � • f � 10. Condemnation. The proceeds of any awetd ot cfe6n for dem8ges, direCt or Conse�enUal, fn Connection w8A arry �'`r --=
<br /> � ' � condemnation or ot�er taking of eny paR of the Property, or(or comeyartce in�u of cortQamnaBon.are hereby ess�ned and shaA be paid ,.•_`_
<br /> _�.� . �. �to Lender. � '� --
<br /> �'�,.,�:4�•a;
<br /> ��f . ' � � � 1n tAs event ot a total taking o!the Propetiy.the praceads shaH be apa�ed to the sums secared by th� Sectm'ty instrument,whethet or -,_. ' _ _
<br /> � nat then tlua,with any ewcess pald to Bortowec In the event of a paRhal takin8 nf the PropeRy in whkh the tatr martcet vatue ot tAe P[operiy �• ���`. _
<br /> � 6nmediatery 6efore the taktng ts equai to or g�eater than the amount of the sums seeured by this Secufity Irtstrument Vnmediatery Oetore th9 �; F,,_ �:`�•�-
<br /> - � '1.:�' ta�crt�g,untess Borrower end Lendet otherwlse e9ree h�writirt8.tha sums seCUred bY this SecuritY InsWmenl S1iII0 bA feGuCed bY th9 errta�mt --n`-
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<br /> � ' of the praceeds mufttptied by the fo�otivfng fractton:(a)the total amaunt Me of sums secured immediatey betore the takf�g.divided by(b)tha .
<br /> fa'v market vatue ot the PropeRy(mmediately befara the tekTng.My balance shaU be paid to Barrower.tn tha event o!a parttal takbig oi tha � .��"�
<br /> `�< <� � Propsrty in whtch the faB marke!vaNe of the Property tmmediatsy betare the takfig[s less than the amount ot t�e sums seeured 6nmediatey , '
<br /> � ' ` '' before the taktng. unlass 8orrower end Lender otherwise aS�fi wr�InS or unf�ss aPDQOabte faw otherwtse Provtdes.the Proceeds ShaD 6e '• �°• �.`'4�_
<br /> , "���,
<br /> � ". • app►'�ed to the suma secured by this Secnr�yr fiswment v+fiether or not!he sums are then Qua
<br /> `'4 lf the Property ts abandoned by Borrower,or B,after noUce by Lender to Borrower tha!the condemnor of[er8 to mafce an awerd or settl� 'q:�
<br />- a alalm tor damaSes,Borto+xer fafls to respond to Lender wfthin 30 days after the date the noUce t�given.LsnQer(s authosized to coIIect 8n0 ��. ,�"
<br /> `�� � '" �� appy the praceads,at�s option,either to restoratlon or repaU ot the Property or to the sums secured by tNis Secu�i f►�nsWment,wheUier �-� -
<br /> � or not then due. `!-��'�`
<br /> � • -- Untess Lender and Bortovrer otherwise agrea in w�1ng. anY�PO��an of proceaQs W 0�«P�s��not mmand or postpone fhe�e ;�•�---
<br /> � � date of tAe monthry psyments referted to In pare9raphs 1 and 2 or chanBe the amount of such payments. �-� �,;.�
<br /> � � •� 11. BoROwer Not Released: Forbearance By Lender Not a Waiver-6ctenston ot the tlme for payment or mod'dfcAUan `.-� -�a�
<br /> 5 '� ;' of emoRizaUon Of th9 sums secured by this Security Instrument granted by Lender to 8ny suecessor in interest of Botrower shall no!opeStB , , r��.
<br /> �. � ' ' - to release the 1'ieb�ity ot the origtnal Bortower ar BorrowePS successors fn Interest Lender shall not ba re4uhed to commenrs proceedtnAs ,. ��L"c`_•
<br /> . _. . .� _ - agatnst any successor m infsrest or refuse to extend tlme tor payment or ofherwise moQ�ityl amoNmUon of the sums secured by thfs Securily . :R�==
<br /> „ � Insuument by reason of any demand made by the odgtnal Bortower or Borrowers successors in tnterest. My larbearence by Lender tn • .. .:��,,,.
<br /> .• � � exercistng any rtght or remedy shali not be a weNer of or preciude Lhs exerelse o!any rigAt or wmedy. ' '�-��
<br /> . 12. Successors and Assigns Bound; Joint and Severel Liability; Co-slgrters. rne covenancs end a�eemencs or . . � .'�:�`-
<br /> tbis Securftyr instrument shall bfnd artd benefrt the succassors and assigns of Lender and Borrower,subject to the provisions of paregreph : :���
<br /> ' 17. BoROwers covanants and agreaments sha0 be Joht and severa6 My Bonowar who co-slgns lhis Securityy InsUument but does not . ___
<br /> � • ' � execute the Note:(a)is casigntng thts Securityr Instrument onry to mortgage,grent,and convey that Borrewers Mterest tn the Property under -
<br /> s.', .' �• � tne tertns of this Security Instrumenx (b)is not personaly abligatecf to pay the sums securea by this Securky Instrument;anp(e)agreos thet .�r.:�_°
<br /> , Lender and any other 8ortawer may agree to wdend,madiry, forbeer or make any accommodations with reger0 to temis ot this SacurRy • � . _
<br /> �� Insuument or the Note without that 8orrowers consent :; -
<br /> ' . . • 13. L0811 Ch8ig8& It the�ca.� seausad Dy th�38curlty InSWment is subje.�t to 8 law whiCh 5ets maxlmum foan charpes.and that __
<br /> ' " , ' law is itneiry interyreted so that Me interest or other loan charges coi[ectea or to De co118Med in connecti0n w,�h the loen exceod the ,. .. +�
<br /> • perm(tted I'unfts.then; (a)any sucn Ioan charges shatl be reAuced by the amount necessary to reduCe the charge to the perm�ted i6nly end . .
<br /> - � � (b)any sums atready collected from Borrower which axceeded petmitted limits will be retunded to Borrower. Lender may c�oose to make • . � ''
<br /> thls retund by reductng the principal owed under the Note or by maktng e direct payment to Boaower.If e retund reduce9 pRnclyal,the
<br /> reducUon will be treated as e paRlai Prepayment wfthout any prepayment charge under the Rote. u•�. ' �
<br /> 14. NOtiC@8. Ar►y notice to Bortawer provlQed fot tn this Securityr Instrument shall be gtven by dslivetin8 it or by m8(Ifng N by fhst t� :
<br /> clas5 mail unless appltcabte Iaw req�lres us0 oi flnother metho0. Tt�e notice shail be dYected to the Property Addres9 or any ather address . .
<br /> • � Borrower designates by notice to I.endet. My notice to Lender shaU be ghren by first class mail to Lendets aQdress Sffited Aereln or eny • • . � �
<br /> . other address Lender deslgnetes by notice to Bortower. My nofice provldad for in this Secufdy Instrument shall be deemed to havB been • � •
<br /> ' • given to Bortower or Lendei when ghren as provided in this peragraph. � �' �
<br /> . �. 15. Governing I.aw; Severability. This 3ecurtty InsUurtrent shall be govemed by faderal(aw anC the law of the JurlsdiCtton h • •
<br /> � . ' which the Property is tocated. (n the event that any provision or Clause of thls SecufAyr tnstrument or the Not�conflicts witt��pltcabt9 law.
<br /> �.:, 5uch conflict shall not eHect other provision9 of this SeCUrityr InSUUment or the Note v�hich can be gNen eHsct wRho�rt the confllcting •
<br /> ." provlslon. To this entl the provisians of this Security Instrument end the Note are declared to be sevetabte. ..
<br /> . � � 16. Borrower'�Copy. Bonower shall be gNen one conformed eopy of the Note end of this Security Instrument. � ��
<br /> . . � 17.Trensfer of the Property or a Beneficlal Interest in Borrower. I}aIl ot eny part of the PropeRy or eny tnterest In � .
<br /> • ! it �s sotd ar Vansterred(or N a benefictal interest In Bonower Is sotd or trensferced end BorrOwer is not a naNrel person)without Lenders •
<br />� ` , • , ; prlor written consent, Lender may,at its option, require immedfate peyment 1n fuli o!all sums seCUred !�y this SeCUIity Insbument. Mowever, �
<br /> � this opfion shali not 6e exercised by Lender if exercise is prohibKed by fedsrat taw as o}the date of this 8ecur'dy Instrument.
<br /> i If Lender exercises this option, Lender shall give Bonower notice o1 ecceleratlon.The not�e shatl provide e peNOd ot not less than 30
<br /> ' � days trom the date the notice is delivered or mailed within whlch the Bonower must pay all s�ms seCUred by this SeCUr'rty InsWmen4 If
<br /> . , { Borrower fails to pay these sums priOr to tAe oxpUatton of thls period,Lender may invoke any remedles permitted by this Security tnSWmen! :
<br /> . • : ' without lurther not�Ce or demand on 8orrower.
<br /> . - . . . • �j form 3028 0f90 .
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