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<br /> ' -`� ertorm the Cavenants and agr�ements '.�._• �. . -
<br /> < < � . `� • 7. Protectlon of Lender's Righta in ti�e P�operty. n eoROwe� ta� to P � ..
<br /> ' � tontained in thls SeCUr�y Instrumenl.or there is a legal Praeeeding that meY s�n�tly eNeCt LBndePs rights in the ProPeRY(suCh es _ .
<br /> � a Prace9ding m 6aniwA�Y.Pro h a t e,for co n d e m n a t i o n o r t a d e d u re o r t o e nfor�e taws or regulaitons).then Lender rrtay do and paY for
<br /> . < wnatever is necessarY to o�otect the vaWs of the ProP�Y end Lend�'s�Ighis tn the PropeRY. Lende�s BeUons m8Y inciuQs 089tng,f,�,� ,. .�`.`.• ...
<br /> � an Y sums seeured bY a 11en whicp hes P��Y over tl►is 3ecur�l InsUUment,aPA�9�couR.DaY�B reasonabno!have wsdo so�'"— . ��� � .. .:
<br /> ,. � .r. • h 7,Lender da� ,
<br /> . � entering on Ne Property to make reDatrs. Atlhough Lendar may take actton under Mfs pera9raA
<br /> • Any amounts dtsbursed by Lender unQer this psra8raph 7 shall become add�tonal debt of 9ortower secured by this Sec�rBY�� - ,
<br /> ' tnsbument UnFess 8ormwer and Lender aSree to other tartns ot paymert� Mese amcunts shaU bear tnterest irom th0 date'o�' ' �� "
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<br /> disbursement at the Note rate an�sABU be paYabte.w�h fnterest.upOn notfe9 from Lsnder to Borro�rer retN�9 Pa9ment C �:..'.
<br /> �' . � 8.flltOf�$8$@ MSliiBRC@. It Lender requ'ssd mortgage InsuranCe as a canddlon of makmg the taan secured by tt�is S e C U n't y� �s- _ . , .
<br /> � . _„,.4� Insbumen� Bocrower sha0 pay the prem4uns reQ�tred to malntai^ tAe mortgage insurar►ce in eftect. If,tor eny reason,the mo:tgage� ".`
<br /> ;� :;.;� o�surance covarage tequUed by Lender tapses or ce2se5 to be tn eNect,Borrower sha0 pay the premiums tequtred to obffiin covera8�� .
<br /> -.--- ---:•,, s��lty equev8lent to the mortgege 6nsurance previousry in eHec4 at a cost substentlally equlvatent to the cost to Barrovrar ot the� ,
<br /> �I mortga8e insurance previousry c� eNact. hom an e$emate mortgage fisurer approved by LenQer. H substanttatty►eQulva�nt mor�age ti };r.�•,-, : . ¢
<br /> � , 1 insurance �overage Ls not avaft�ble. Borrower sha0 pay to Lender each month a surte equal to onatweffth of the yearty mortga88 . - ..�,- ,
<br />_ insurance premium betng patd by 8orrower when the Insurance Covera9e tapsed or cessed W be tn eBed. l�nder wDl eccaPL use end , � s;,..�.� .
<br /> ' .. , -.� �etain these paymertts as a mss resesve in liau of mortgage msurence. toss �;enre peYmenis may no tong�De requtreQ at the . . -, ..
<br /> � opGon ot Lender. � mortgage insurance cove�a9e (In the amount and fot the pertod that Lender requires) Provtded by an insu�►
<br /> . . approved by Lender again becomes ava7abts and Is obtatned. Bartower shaD pay the premtums �equUed to mafitam moRgage .i(_..�- -
<br /> r insurance tn eftect.or to P�►Qe a tcss caserve. unU7 the requirement tor mortgege tnsurance ends tn accordance wBh any wr�tten . ;.. '": `�
<br /> � ,. agreement between Bortower and lender or appGcable law- . `,{"� �r-
<br /> . , 9.Is�spection. Lsnder or ns sgent may make �fn�reasonahle c8use far the insp�ection.�e Property. Lender shall give . �_Y-:,,
<br /> .. - ,. - Borrower notiee at the time ot or prtor to an inspection sAecGY 9 '�`,�.'.:::;�;-:_:_
<br /> 10. Condemnatlon. The proceeds of sny award or clalm tor dam&9es. direct or consequential, tn connecUon w�h any _�,_
<br /> • condemnatton or otAer takfng at any part of the Property. or for conveyance in Iteu of condemnattoe.ere heaeby asslgned and shan be ;; 4 _
<br /> ., . petd to LenQer_ IIed W the sums Secured by this SecuridY tnstrument. � - --
<br /> ' In the event of a totat takin8 ot the PropertY.t�e proceeds shad be app _ • _
<br /> whether or not then due, with anY e�ss Pa�d to 8orrower. tn the event ot a pertiat takin9 of the PropeRy in which the fair market _ , _ _
<br /> "' " '� �2tue at tAe Property immadiatery betore the teking is e9ua1 to or greater than the amount ot the sums secured by thts Secun3y
<br /> ' �� ., Insaument lmmediately before the taktng, untess BoROwer and lender otherw�e sgree � writ�ng,the s�+ms secuced by this Secunly
<br /> Instrument shall be reduced by the amount ot the proceeds muftiptied by the fol►owing fraCtton: (a)the toffiI emount of the sums '
<br /> � • secure0 immediatey betore the takmg. diulded by(b)the fatr maAcet value of the Properiy Unmedtatety betore the tak(ng.My bafance , �_
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<br /> shaU be patd to Bortower. In the event ot a paRial taking of the PropertY fn which the fafr maitcet va4ie of the PropeRy immedlatety �i� .
<br /> � before the taking Ls tess Man the amount ol the sums secure d 'a n m e d i a t a l y d e f o re t h e t a k h+g. u n l e s s B o r r o w e r e n d Lendet othe�wise :�..�:_:
<br /> � a g re e i n w r i t f n g a r u n t e s s a p pRCabts taw otherwlse provldes. the Proceeds shaD be apPtled to the sums secured by thls Seca►8Y ,.. �;,a� ""`-'-_
<br /> = Instrument whether or not the sums ere then due. , ?�
<br /> �. F If the PropeRy is eba�doned by Bormwer,or if,efter noNce by Lender to Borrower that the condemnor otfers to maks an award ar :' . ----
<br /> � settte a clatm tor damages,Borrower taits to respond to Lender withtn 30 days aftar the date the notice is glven.LenQer Is authorfzed � <
<br /> , • � to collect and appry t►ie proceeds,at 8s option,efther to restoratbn or repair of the Property or to the sums secwe d by t h i s S e o u c R g , _�.
<br /> ' instrumenti wheiher or not then due.
<br /> Unless Lender and Borrower otherwise agree in writfiB��Y BDP���ion o!proceeds ta princlpal shali not extend or postpone the . ',�""-•
<br /> � due date ot the monthy payments reterred to in paragraphs 1 and 2 or change the amount of sucb payments. ° �;��{!-y�
<br /> 11. Borrower Not Reteased:Forbearance By Lender Not a Walver. r�ensan ar cne ume ror vayment or :.;.�,.
<br /> modiflcattan of amortlratton of tha sums secured by thts Securdy Instrument grented by Lender to any successor tn Interest of BoROwer . ,"'.�•.
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<br /> � � • shalt not operate to ralease the Ilability of the original Borrower or Borrowers successars In Interest Lender sha11 not be raqu�ed to ::�,
<br /> • commence proceedings agatnst any successor In fnterest or refuse to extend tlme tor payment or othervvtse mod'dy amortlmtlon of the • ,F.-`
<br />- ' sums secuced by thb Security Instrument by reason of any Cemand made by the orlgfial Bortower or 8arrowers suceessors In � '�....};:.,
<br /> . , ,. , intere54 My forbear8nca by Lender in exerc(Sing any rFght or remedy shall not be e wBNer ot or precNde th9 execcise of enY�9ht a� . .,'#�:
<br /> � : remedy. -
<br /> � ' - 12. Successors and Assigoa Bound; Joint and Several Llablllty; Co-signera �rne co,renan�s end
<br /> agreements of thts Securiry Instrument shan bind and benefd the successors and assfgns of Lsnder an0 Bortower. subject to the _`-�-
<br /> � provisbns of paragraDh 17. Bortowers covenants and agreements sha0 be j0lnt and several. Any Borrower who caslgr►s thls Seeurity -.7;r.:�.
<br /> � Instrument but does not execute the Note: (8) �S cas�qnfng thts Security Insuumen! onty to mortgage, gtanb and Convey that
<br /> Borcowers fnterest in the Property under the terms ot this Security Instrument;(b)ls not personaly oblig9tad to pay the sums secuced ,. �° _
<br /> � � by th�s Security Insuument; and (c) agrees that Lender end any other Bortower may agce9 to exten0, modity,forbear or make any
<br /> accommodations with regard to tertns of this Securlty Instrument or the Note wrthout thet Bortowers consent.
<br /> 13. Loan Charges. tt the toan secured by thts SeCUrity tnstrument Is subject to e taw whlch sets maxlmum toan Charges. .. ,
<br /> � • end tAat law is finatly Interpreted so tAat tfie Interest or other loan charges cotlected or to be collected tn cannecNon wRA the loan .
<br /> ' � exCeed the permitted Ilmits.Men; (a) any such loan charges Shell be reduced by the 8mount necessary to re�uce ehe charge to tha
<br /> perm�1ted timit; and(b)any sums aUeady collected hom Bortower whlch exceeded permitted tUnits will be tetunded to Borrower. Lender :
<br /> . . may choose to make thls retund by reducing the princlpal oweC unQer the Note or by makln8 e d�ect payment to BoROwer. lt e . .
<br /> refund reduces princfpal,the reduction will be treated es a 0���D�epayment wkhout any 0�898Yment charge uader the Note.
<br /> � • 14. Noticee. Any notice to Bortower provided tor In this Security InsVument shall be 9�en by delNering it or by ma1M9 R bY • .
<br /> tirst elass mail unles9 appl'�cabte law tequtres use of anothet method. The notlCe shall be directed to the PropeRy Addres9 or eny
<br /> " other address Bonower destgnates by notke to Lender. Any notice to Lender shall be given by fUSt class mail to Lenders address
<br /> � stated hereln or any other address Lender destgnates by notice to Bonower. Any not�e provlded tor ln thls Security tnstrument shaU
<br /> t � he deemed to have been gNen to Bortower or Lender when given as provlded�n thls paragraph. •
<br /> � � � 15. Governing Law; Severabftity. Thls Securityr Inst�ument shatl be govemed by tederal faw and the law ot the
<br /> )uris0iction In whlCh the PropeRy Is located. In the event that any provlsion or clause o1 thts SeCUrltyr tnSWment or ths Note confllCts , .
<br /> with applicabte law. such conftkt shall not aNect other provlslons ot this Securrty Insuument or the Note which can be gNen eNect
<br /> without the conllbttng provtslon. To thls end the prOVislons of this Security Insbument and the Note ere dectared to be Severebte.
<br /> 16. Borrower's Copy. Bortower shBll be 9wen one contormed coDY ot the Note and of thls Security Instrument. .
<br /> � 1T.Tranafer o4 the Property or a Beneilciat lr�teresi in Borrowe�. ►f an or any psn ot tne Propsrty or any .
<br /> interest in it ls sotd �r transferted (or H e benefiClal interest in Bonower Is sotd or transtened and Bortower Is not a natural person)
<br /> � without lender's prlor written consent,Lender may,et its optlon,requUe immediate payment in tull 01 alI sums secured Ey this S9curihr ; . �
<br /> � ' Instrument. Hovrever,this optlon shell not be exercised by Lender i}exercise is prohihited by tederat lav�as of the date of thls SsCUrRy � . . ,
<br /> ' . Instrument. � �
<br /> � � If Lend�r oxercises this opt�o�. Lender sha11 give 8onower notiCe ot acceleret�on. The notiCe shell provide fl perlod of not �0ss
<br /> than 30 days from the date the notice is delvered or mailed wdhin whicn the Bortower must pay atl sums secured by thls Sscurily ,
<br /> In3tn�ment. If Bonower 1a8s to pay ihese Sums p�ior to the expiratlon ot this petlod.Lender may mvoke any remedies permrtted by thls �_
<br /> -� � .. ' - Form 3028 B/60
<br /> SecurRy Instrument without}uAher notiCe or demand on Borrower. �'
<br /> • � � - Paga 3 01 5 -
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