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<br /> � If Borrower f81ts to Perform the covenants and a�eements ° - ,,.:. •
<br />- . ..��,.,�,<. ::� 9. Protection of Lender's Ri�hts tn the Praperty . . :
<br /> ,s contatned in thts SeeurtZY Insuume�st.or thete is a�ga�proeeeding�e��y s�����s tlghts in Me Prope�1Y isuch as
<br /> � :-�. ..t'
<br /> � . , . .'�,�` • a Oroeeadmg in banlvuP�Y.Drobate.tor condemnaUon or forte�ure or to�niorce taws ar reguiatio Lend�s actlons rtay inch�deppa5ttn9 ��~�:` ` �
<br /> " wh8tsver is necessery to Orotect the vaNe of the PmpertY artd Lendefs rights fn the PtoP�Y• reasonabte attomeY�s tees and �`''�• . �..:•.;''<'� ,:`
<br />_ :_ �. . < � '~ any sums seeu�ed bY a ��en wAM3►has priocdy over Mis SacNrnY Instcumen�epA�9 in couA.PaYm9 , . ' .�`: ..,;..':
<br /> 1. - entertn9 on the Property W m9ke reDaha A9hough Lender may tske actton under thLs paraSraDh��Lender does not�ave to do Sa � �
<br /> ` Any amounts disbursed Dy L.end� under this paragraph 7 sAaO become add3fonai debt of Borrower s�ur8d by t�TS Secur3Y ; • . ,
<br /> ° � Instrumant Un6ass Borrower artd L.ender agree to oth� terms of payment, tNese amounts sha0 bear interest irom the date bf
<br /> ,.,t_t .
<br /> � disburssment at the Note rate end shaD be payabte.wdh inbarest.uAan noUce ftom Lender to Borrawer requesUnB PaYrt►BM- � .. .. . .
<br />;��� . . . S. M0�8Q@ IQSUtBtIC@. tf lender raqu4�ed mortga8e fnsu�ance es a cond�ton af matdn9 the toan secured by thTS Secun'ty _ .
<br /> . tnsuumenb 8ormwer sAaU pay the premiurns requ�ed to ma�►tatn tRe mortgage insu�ance in ettect. if.tor eny reason.the rtortgaSe , ,
<br /> .`.f,�--..�,'�;` a�surance�coverage re4ulred hy Landsr Iaps�or ceases t�be in eNed. Bortower sNaU pay the Premtums requtred to obtain covsra8e � .
<br /> ,_;;:` : substar►tta�y equiiralent to the mortga9e insurartce Previousty in eBeet.at a cost substantialty equivater►t to the cost to Borrower of tAe e
<br /> - - moRga98�sur�e P��� � ��' �m� ��mortgage fisuter 8pp�ed by Lender. It substantlattY e4uNalent mortgsge __ _ -;
<br /> � insurance coveraSe is aot avalabie. 8ortower shaD OaY to L�der eacf► month a sum eQual w one�twe1Rt► of the yaarty �ga� � .
<br /> u►surance premium be�sg pald by Bortower wAen the(nsurance covera8a TaDSed or ceased to be�eftect. lender wID aa:ep�use and a ,.i .� . .
<br /> '�: �' � - remtr�ehese payments as a toss reserve in Oeu of moc�qsge tnsu�sce. Loss resesve PaYme�s maY no longer be required. at the ,!:. _:
<br /> ' oPUon of LsnQer. d inort9aSe insurance covaraS� M tha emount and for the p�[od that Lender re4nBes) Provtded by en insurer � .. . � . _
<br /> aAproved by LonQet agatr� becomes avatfabie end is obta�ned. 8������surance ends 1n accocdan� any�vm'tte� � �,,.`-; '�.•�,i�•�.;`�.'
<br /> , � tnsurance in eftect. or to provtde a tass wserve. uMi!Me tequ�em � -
<br /> , agraement between Borrower and 4endet or appikable law. of the PropertY. Lender st�gNe * =�
<br /> ' , .. • 9. 111&peCtIOA. Lender or ib ag8n1 may t�ake reasanable enVies upon and Inspedluns •t.` � �� .
<br /> • Borrower not&s at the t6ne of or prtor to an InsPectlo�sPecRY�9�0���'se tor the insOeeUo^• � �nnection w�ri eny }`-_
<br /> 10.Condemnatton. Th8 PtOCeeds Of eny 8weR1 0► Cisim tot QSme9es. dfrSeCt or�onSequenUS�. '•
<br /> Ct �
<br /> �� j conQemnation or other takfng of anY Deft ot the PropeRy.or far comeyance tr►Geu af candemnation,are hereby asstgned end sfiaA be �r � �:-_
<br /> i.�; _u
<br /> � paid to Lendet. • -
<br /> In the event at a total tslcinfl ut•the P�oDeRY. the proceeds shaU be appiied to the sums secuced by this Securflll Insd'ument, . �_; ,: "
<br /> ` ,: :° whethar ar not then due,with any excess peid t8 Bartower. in the event of a perttai takin9 of tl►e ProDerty► in w��Ch the fair market . .:Y. �.
<br /> ;':.�°.= vatue of the Proparly 6nmediatety betare the takin9 is equai to or greater than the emount at the sums secuted DY�� ��� ..;�. •_—
<br /> _ . • . . �. tnswment immedtately tlefore the faking. unless 8arrowet snd Lender othetwlse agree tn wCNng.the sums secured by thts 8ecurafr .
<br /> '' ? Insmiment shaU be reduted hy the amount af the proceeds muttiyited by the toUowln9 hacUon: (a) the total emount ot the sums � -
<br /> . secured immediatety beto�the taking� divided 6y(D)the falr ma�icet vaNe of the PmDertll immedlateN before the taktng.My batance :. �`,`'.---
<br /> � , ` shatl be pald to Bortower. In the event of a D�1��9 of the Property b��kh�e��et va4ce of the Paoperty UnmediateN , •. -. -
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<br /> b e f o re t h e t a k i n g(s t a s s than the amount of the sums secured tmmedia�eN before the TakinB�unless Borrmver eed I.ender otherwise �"F
<br /> -- ,... . __. - agree in wrfting or untess ePD�fe taw othenvise Vrovides. the Proceeds sha0 be eDn a e d t o t h e s u m s s e c u r e d b Y t hts Secu h t Y ;_`:'•�:=-
<br />,�.�i� � ' tnstrument whether or not the 6ums are tlien�Jue. _- _
<br /> � ; �t the p�operty Ls abandoned by Borrower.or H,after natte9 by Lender to Bortower that the ConQemnor offers to aake an swafd or -
<br /> +. � settte a c�aim for damages. Borcower fails to respond to Lender within 30 days efter the date the notice is gMen,Lender is suthoriz�d =_
<br /> �� to coltect an0 appty the proceads,st its option.either to restoraUon or repab of the Propeny or to the sums secu�ed�Y��Securdy ; _-
<br /> •�� ' ^ a tnstrument,whether or not then du9. . ..
<br /> � • Uniess Lender and Borrower otherw(se 8gree In wrNnB, enY BAD��n of proceeQs to principal ShaO not extend at postpane the . �.
<br /> � � ' due date of the monttUy payments refeRed t0 in petagraDhs 1 end 2 ar change the amount of such psyments. : . '�-��� � '
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<br /> � tt.Borrowe� Not Reteased: Forqearance BSI�endes Not e Waiver. r�ens�on or e�e mne ror vayment or :;I.�
<br /> mod�ioatlon of amortimtion ot the sums secu�ed by thfs SecurltY�nsuument granted by Lender to eny successor tn interest of Boaovrer f�
<br /> � � � � ��.� sha0 not operate to (8188E0 th8 I(BbAily 01 t118 Otf81n81 6GROw0�Of BOROW9r8 SuCC98SOt5 h��1t6T8St Lender sha0 not be requUed to �.�
<br /> ' commence proceedings against anY auccessor tn Interest or refuse to e�dend tim�fo�DaYm�t ot otherwise mod'dy amoRimUon of tt�e ���-,
<br /> ' ' sums secured by this Secudry tnsWmenl by reason of any Qemand made by the original Bortower or 8orrowefs successors In _ yi.'
<br /> . ' �'.a -�<
<br /> � ' � tnteres� MY torbearance by LenQer in enercising onY�Ight or cemedy shaU not be a vralver of or preciude tho exer�l5e ot any right or ; '�'I :,
<br /> • . . remedy. ; . .P.�
<br /> 12. Successors ertd Asslgna Bound; Joint end Several Liabiltty; Ca-at9nera ra�e covenants a�a _�,
<br /> ' agreements ot this Security Instrument shall bmd and Genetd the Successora and assigns of Lender enA BoROwer, subject to the ; �.:�"
<br /> _,=,.�• . . . �� p ro v t s t o n s o t p a r a g�a 0 k�?• B o r r ow ers Covenents and agreements shall be jofit and severaL MY Barrower who�o-s�a�n v 0 y t at _ �-
<br /> Inswment but does not execute the Note: (e) Is casl8nln9 this ��Y �OS�not personally biigated•t�p ay the sums seCUrod �
<br /> BoROwers Interest in the Rroperty under the terms o!thls SeCUrByr Instrument;(b) ,• -
<br /> -- - by m�s Securityr insVumeni; and (c) aBrees the!LenAe�g�d�Y a�� �orrower may agre9 to extend, mediry,fo►bear or make eny . ,
<br /> • accommodations wfth regar0 to tertns of this Security Instrument or th9 Note without that 8orrowers consent
<br /> ' 13, Lo�n Charges. It the toan secured by this SacurRy Insuument ts subJect to a faw which sets ma�ctmum toan charges. � : ,>
<br /> and thet law (s Nne�ty interpreted so that the Nterest Or other toen chargos coUaat80 or to be coHected i� connectlon wittf the loan
<br /> � � �cceed the permitted lirnits,then; (a) eny such loan chargsa aheil ba reduced by the amount necessary to reduce the charge to the _
<br /> . � . permitted Iimtt:and(b)anY sums aErea ef QuC�tt g�p 1�BPaI owed unQer thee Note ornb mak�g eilldUect padyman!o�Bonower e If a • ' ,
<br /> may choose to make this relund by 9
<br /> re�und teduCes prinCipel,lhe reduCtion will be tre8ted as e pttrt411 prepayment wft�0ut any p►eDaYment cAarge under the No28. . .
<br /> � � 14. (�10tiC@8. MY notice to Borrowet provlded for in this Securtty Instrument shetl be given by deWering it or by maiMg ft by
<br /> ' • • firat ciass mail uniess epplkabte Iaw requUes urs of another method. The notke shail De CUected to the Property Address ot any
<br /> � � other address Borrower deslgnates by notice to Lender. Any notice to Lender shall be gNen by first class mail to Lentlefs address
<br /> " � � stated herein or any other address Lender designetas by notice to Borcower. My notice provided tor in this Security Insuument shall . .
<br /> " � be deemed to have been given to Bortower o�Londor wnan gHen es provlded In this paragraph•
<br /> � �� 15. Governing Lsw; SeverebiUty. TAis SeCUrIry InsVUment shall be govemed by fedet&I Iaw &nd the law ot tAe
<br /> jurisdiction in wh�h the Property 1s tocatad. In the uvent lhat nny provlsion or ClauSe of this Securrty Instrument or the NOta Con(IiCts
<br /> � with applicable Iaw. such confitct ehafl not aNect otha► provislons of this Seeurity Instrument or the Nota whbh can be given eNect
<br /> � without the Confilcting provision. TO ihis end the provislons ol tf►19 SeCUriql InSWmen!and the Note ere dectare0 to be 5everable.
<br /> � � � � �6. Borrower's Copy Borrower shatl bo givon ono conformed copy ot the Note and o1 this Securiry InsWment. ,
<br /> - 17. T�ansier of the Property o�a Beneficlal Interest In Bo�rower. if all or any Dart ot the PtopeRy or any
<br /> • • interest in it +s sotd or transferred (or ft o bonotic�l Ntorc�t in 8orrowar Is sold or VBnsterred and Bottawer Is not a natural persony
<br /> ' � wdhout Lender's p�ior written consent.Lender may.nt its apt�on, roquiro ImmeCittte payment in hill ot eil sums secureG by this Securityr
<br /> � Instrument. However,this option shnll not tro oxorci,od by Landor h ezercise Is prohibitod by tederal taw as of the date af this SecuiRy
<br /> '' i�, , Instrument.
<br /> ,+.; . •� � I1 Lender exerci505 thi3 optlon. Lantlor 5ha11 gNO Borrowar notfico o� aCCeteratbn. Th9 notb8 Sha�l provide a p8�i0d ot nOt IeSS . ,
<br /> � ihan 30 dey5 ffOm the d318 the nOt�C9 is do�Nered or maifOA wAhfn whlch th0 BO�rovrer must pay 811 sums sBCUred by thi9 SOCUrity
<br /> � � � Instrument. II Borrovrer taiis to pay these sums p��or to tAO oxpaation of Ihis perlod.Lende�meY►�voke eny remadies pertnitted by thts •
<br /> . Form 902E 8J90 .
<br /> • ' i SeCUrity InStrumeM without lurther noNCO Or deman�on Borrowor. I
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