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<br /> 7. Protection of Len�er'a Fiighta in tt�e Pro�srty �f eormwer �� w ve�0rt" � CIIL'�"� �a errae�ea�s ` . _ -
<br /> 3 con�od e� thts SecuritY�nsin+ment, m tfiere Es a tega�Proz�m9 �at�Y S�'�^���nders rtphts �n tfie Property (such as ( _
<br /> a proceedtng in banlcr+iptcY.DroDate,tor condem�atWn or fortsih,ra or to snforce iaws or regutations),then Lendgr may do end pay for i �`?t
<br /> wh8tever ts neCe58sry t0 protact the value of tha Arop°sty snd LendBrs rfghts in the�Opoe� ps�g r���� ��me� fees en0 � -=
<br /> • any sums secured by a fien whbh has p�ority over this Security Instr�ment,ap0�9 � h�.�der does not have to do so. � - . , �
<br /> enterhg on the Proporty to make�epairs. ARhough Lender may talce acUon under this paragraP � t , , •
<br /> wiyi m��+��:w 3w�.:6^� =� '-�'-"•'�°' :nAer this paraQra�h 7 s�eU becoms 8dd:ttOn81 dBbt O! BOROwOt S�uted by thiS S9CUrtY � � , : '�
<br /> ► u �...e �..►nsecf imm fho d8t8 O1 �
<br /> Instrumant Uniess Borrower end Lendsr asree to othet tem�s of payment, tnese amin,��W �•�o•• .•--' _..__ ' r `-�--
<br /> disbursement at tha Note rate and sha0 be payabb.wah tnte�s�upon notico fiom Lender to Bortower request�n8 peyrr�e^t i .
<br /> 8. Mortgage Inaurance. If Lehder required mortguge hsura�ae as e conditton of inekinp tho laan seeured by thls � ' v
<br /> Security tnstrument, Borrower sRall pay the prerr�vros reQuired to mao�tt�► the mortgags lnsurance h effect. If, for eny reason, the�1' , � '.`�.,
<br /> mortgays insurance coverage requtred by Lender IaPses or ceases to be in effect. Bonowar shall pay the premWms reQ'�irad to obtac� ` 1 , -
<br /> ��,�sg� sub,tanUelly eqyNalent to the martSaye hsurance pre�in�sN � �• at a cost substantlaW aWivala^t to the cost to� � • `-
<br /> Borrower of the mortya8e hsurance previousy in e� frort► an ehsmate mortgage insurer BPPfo+� tiY ��• �f subsmntialty�
<br /> � equNa�ent mortgage hsurence coverage ��tti B,�rr�o��O�enrthe insurance co d►a$e 18psed d 8�ed�9°10 e��' �der w�l� '
<br /> ! y e a A y m o rt g a g e(n s u r a n c e p r e m i u m b e�g p a d y .
<br /> acceP� use and retain these PaYmet►ts es a Ioss rHServe in t'�eu of morcgage Ensurance. l oss rese rv e p a y m e n t s m a y n o l o n g e r b e i ,�
<br /> � ': requtre6, at the optian ot Lertder, il mortgage e�surance cove�age C� the amount and for the period that Lender re4uires)provided by ; , _
<br /> ' an i►surer appro�ed by Lender �ga�n becomas ava�7ab►e and is obtelned. Bortower shall pay the premiums requQed to mainffi�n � �,r
<br /> � ...�n �myirlE► a bss reServB. untit th8�e�i�ert�t for mORgase inSUtBnCe enQS in aCCOfdenCO wiG1 anY : _ .
<br /> .- mortsa9e nsura��iv in sta,^,« ... -- --
<br /> i writtsn agrecamerrt betwean Bonowsr end Ls�der or eA0licable Iaw. , .
<br /> � 9. Inspectio». LenQa+ or ds agent may make reasonable entries upon and �nspectfons ot the Propsrty. L.e�der sha�g�+�e ' . . , ��
<br /> � Bortower notice at tha time o!ar prbr to an�sAectbn specihdn9 reasonabfe caus�for the inspectioo. :.
<br /> . ` 10. CondemnatIon. Ttie Proaeads of any award or elatm for demages. d'sect or consequential. in connecUon with any ,ti,
<br /> ' condemnatton or other taking of any pert of the Property.or for convoyance h Geu of condemnaUon.are herebY asslp�ed ar►d shaU ha , . .:
<br /> j pald to Lender. 13�d tp the sums secured by this Seairi►Y Instrument, r .
<br /> . S In the e++ent of a totaf taking ot the PropertY, the proceeds Shall be apP � „�kh the talr market . q
<br /> � whethet or not then due,with enY excess D�d to Borrow6r. In the event at a parttal takhg of the PropeRY
<br /> ' � ' .:• • � ,
<br /> ' val�e oi ths Prop�tY inmediate�y befoce the takhg Ls equai to ar greater than the amount uf the surr�s secured by this Ser.ur�lr + - �
<br /> - � Instrumsnt inmediately before the takfng, unless Borrowar and Lender otherwise agree tn writh9� Me sums secured by this Secun'tY , ;
<br /> Instrument shel► be roduced Dy the emount ot the proceeds muft(pGed by Me toUOwing frecdon: (a) the toffiI amaunt of the sums ;����
<br /> . � secured immediatety before the feking, divided by (b)the fat market valus of the Property �ediately befare the takin0. �Y�� , :• ';�,r;.-� ,�_ _
<br /> shatl be paid to Bortower. In the event of a parttal takinp of tha Property b whbh the tair merket vajua of tha ProAettY .
<br /> ,. � , ; �._..t�.'�;� c.
<br /> Gefore the taking is tess than th�abia l�w othterwise P�. �Proceeds ShBll Gs aPPUed to the sumswsecured by thls SQCUritY Y 'i; 1�•: �
<br /> aqree �n wr�ing or unies aAP � i
<br /> � Instlumo�t whether or not the sums ete then due. �" � � s
<br /> i _ ".�.. .
<br /> 1 it the Property is ebsndoned by Bortower,or H,after notiee by Lender to 8ortower that tfie condemnor oflers to make an awerd ur ; �
<br /> setde a claim for darnages�eorrower fails to respond to l.ende►withh 30 days after the date the nottce fs 8�.Lender is authorixed :: t�. : �
<br /> � to co0ect end eppN the proceeds,at Its optbn,eRher to cestoraUon or repat of the P�oPerty or to the sums secured by thts Securfty , r'
<br /> , � Instrumer►t,whether or not then dus. '
<br /> • � Unless Lender end 9orrower othenvise agreo�wriUn9� s�Y ePP���of Droceeds to primcpal shail not extend or postpone 8�e , _ ;•,�� .
<br /> due date of the manthy payments referred to tn pare9raPhs 1 and 2 or chanpe the smount of such Dayments.
<br /> ' � � 11. Borrouver �lot�efeased: �orbesrance By Lender Noi a Waiver. r�enswn ot me ctne tor payment or K3;
<br /> modiffcatlon of amort�atbn o}the sums secured by thts Security Instrument granted by Lender to eny successor h interest ot Borrower :t�L;� �
<br /> ' shall not operate to retease the Uab�ity o4 the orighal 8ortower or Bortowe�s successcrs In h4ere�t- Lo�de►shall not be requted to -� • �� � �
<br /> commence proCeedtrtgs apahst eny successor in hterest or retuse to extend ttme tor puyrtient or othe:wtse modity amortbation of the , ���• F-_
<br /> � , Instrument by reason of any demend mada by tAe o�tginal Borrower or Borrowefs successors In , . �.���--
<br /> . � sums secured by this SecuritY '��v;�;,�-..::
<br /> interesL My forbeatance by Lender In exercisfng aeY right or remedy sAaO not be a waiver of or prec�de the exe�c�se of any d8ht or ..•,,.-
<br /> � _ •.�: .�` ; �,;,,
<br /> remedy. , oaurs.
<br /> - 12. Succesaors a�id As�igns Boansl; .lalnt an� Seeere!S.labiiity; Co-slgnera. rne covenan�a eaa , �__T
<br /> . ayreements ot this Securny Instrument shall bind end beneR the successors and ess(pns of Lender and 8orrower, subject to tho : � ti. � - -_
<br /> . provisbns of parayreph 17. Bortowers covanants artd apreertwnts shall be joht an0 severa6 AnY 8orrower who co-sipns thls 8ecur�lr , a_ '�,
<br /> � . Inshume�t buS does not exscute tho Nate: (a) b co-signhg this SecufdY InsCUment only to moRpaOe, yant, ead convey that
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<br /> �` � 8orrowera hterest in the PropertY under tha terms o f th t s S e c ur�yy InstrumenC (b)ts not personaly obiipated to pay the sums sscured =�.�
<br /> � py thts Secuf�yr insbument; end (c) ayreas that �der and any other Borrower may a0rse to extend modity. to�bear or make ar►y .'�.,;n�,�- �:
<br /> eccommodatfons wkh tepud to tertns of this Security InsUUment or the Note wPthout that Borrowers eonsent. •
<br /> - 13. Loan Charqes. If the ben SeCUred by thts S6CUrity Instrumant IS subjeCt t0 8 18w whiCh SOts rnexhwm fosn Chstp9s� •"`����`�.
<br /> end that faw Is finalty hterpreted so that the interest or other loan charges collected or to be collected In connection with the ben �.
<br /> e�eed the permitted ifmits. then; (a)any such ban oharqes shaU be reduced by the emount necessery to roduce Me charye to the —..
<br /> ' � permttted lenic;end(b)any sums alraady collected irom Bortower whbh exceeded permitted llmRs wiil be refundod to Bonower. Lendor , � • �-
<br /> , � may choose to make this refund by redueing the principal owed unQer the Note or by making e direct DaYment to Boaower. If a :�c.
<br /> � refund reduces princtpa6 the retlucNon vriti be treated as a partla�prepeyment wkhout anY p�eP�Y�t charpe under the Note. —
<br /> 14. NoUcea My notfce to Botrowet prwidad tot in this SeCUrity Instrumont sha0 be piuen by deNuerinp k or by ma(fn0 R bY
<br />� frst Cless maU untass appficabte law requtes use of another method. The notbe shall be directed to tne Property Addros9 ot eny _
<br /> � other address Borrower designates by notice to Lender• MY notice to L.ender shail be gNen by first ctass mail to Le�ders address . ' —
<br /> smted herein or eny other addrosa Leode►Qesipnates by notice to Bonower. MY notice provided for h this Security InsWment ahUl .
<br /> be deemed to have been Oiven to Bortower or Lender when gben es D►ovlded h thb perapraDh.
<br /> � 15. Gove�ninp Law; Severabillty. ThIS Security Instrum9nt sh8ll be govemed by fed9r8� law end the law ot the . f'
<br /> . ; jurisdi�tbn in wrilch the Proparty R�bVatod ln the event that any provfs�on or ctause of thls Secur�ly Instrument or the Note conflicts „.
<br /> • 1 with applicabie law. suCh confliCt shail not atteCt other pro v i s i ons o t t h l s S e C U r i t y I n s t r u m e n t o r t h e N o t e w h b h c a n b e �ken ettect ' �
<br /> 1 without the conti'icting provisbn. To th�end the Drovislona ot thls Security tnstrument and the Note are Qeciared to be severebte.
<br /> � 16. Borrov�rer's Copy. Borrower shail be gfiran one conformed copy of the Note and of ihis SeCUrily Instrument . , —
<br /> 17. Trans4er of the Property or e Bene�icial Intereat in Borrower. if au or any part ot �ne Propeny or any
<br /> � � ntereat in tt is sold or vansterred (or H 8 beneflcial inhirest in Bortower is Sold or transterted and Borrower is not 8 natural psrson) , `._�.
<br /> ' without Lende�s prior written consent.Lender may,at its optbn, requiro immediste payment n fuii af aH sums secured by thLs Scr.urity
<br /> � � InshumonG Mowever,thts option shail not be exerC�sod by Lsnder H euerclse is proh�bited by tederal{nv�as o}the date of this Socurityr .
<br /> � .:
<br /> ' Instrument. -
<br /> It Lender exercises thb optbn,Lender ShaY pive Bortovrer notice of accateratbn.The not�ce shetl provide e perbd of not less 4han
<br /> 30 days hom the date the notice is de�liered or msiied wiihin which the Bortower must pay all sums socured by this Securfty :
<br /> . InsVUment.If Bortower fafls to pay thaso sums prlor to the e�iretion of this peMOd,Lsnder may invoke a�y remedies psrmitted by this i .
<br /> Form 302E o/90 ��
<br /> SecurRy InsVument wRhout 1uRher notiee or demand on Bortower. M ��''=
<br /> e�-'=.
<br /> � F702B.LM0(Y/991 Pap�3 0l 5 —.-._
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<br /> 685
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