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<br /> � � � ' for mortgage insurance ends in accotdance with any written agreement betw�een Burrower and Lender or a�i�l�f'e - - ;
<br /> law. �
<br /> . � � g. I�spect�on. Lender or its agent may make reasonable entri�;upon and inspecdons of the Property. �
<br /> : . . Lender shall gi�e Borrower norice at the time of or priur.to an inspection specifying reasonabte cause for the �. � �.�
<br /> , . . r
<br /> . . :ry ITISpCCtlOA. ; •
<br /> . 10. Condemnatloa. The praceeds of any award or�cfaim for damzges,d'irect or consequential.in connection ; � • .
<br /> . . . � with any condemnation or other taicing of any part af the Property.on for wnveyance in lieu of coademnation, are i �
<br /> '� _ = F� hereby assigaed and shall be paid tv Lender. Lender may apply,use or release the wndemmtion proceeds in che
<br /> � f ; same maz�ner as provided in paragraph 5 hereof with respect to insnrance proceeds. If tbe Property is abandoned by �'_—;-.= `1;.=;--'r;:
<br /> � � Borrawer,or if,after aotice by l.ender to Borrower that the condemnor offers to make an award or settle a claim ` � ' �••:�
<br /> � for damages. Borrower fails to respond co Lender withiu 30 days after die date the notice is given, Lender is `;�� __ � �
<br /> •- authorized to col2ect and agply tite pru:.eeds, at its option. either to restoration or repair of the Property or to the �_. �� �_:
<br /> . sums secured by this Security lnstrnment. whether or nat tlten dua. Untess Lender and�omov►er otherwise agree • . � : ;
<br /> ���g��Y�Plication of proceeds to principal shaU nat extend or,postpone ths due date of the mnntbiy paymeuts �:�.�:. ��;.�:�:'.f�_:
<br /> . referred to in paragraphs 1 and 2 or change the ammmt of such�payments. �. -.. ._ ,;` "�..
<br /> ' 11. Borrower Not Released>�or6earanoE By d�der Plat�a�W�t[eer. Extension,af�the tirue for�I�Y�� • .. .-3 `';=�
<br /> . or mod"�f[cation of amortizatinn of che sums secntcd by this Securty�It�t gcanted 6y Leade�'co any successar . _. �- = -
<br /> �'` in interest of Barrower st�all�[tot operata w reiease the liab�ity of the atiginal Bomuwer or Borrower's succe,ssors ii��: - `� r'�'� _
<br /> :�-�-:E�.. ' interest. Lendar shall not be required to commence proceedings against any successor•in interest or re f u se to exte rn�:�.':;�.�,` ���:,.— _
<br /> � time�r payment or otherwise madify amortizatiou of the sums secured 6y thie Sc�ariry Insti�unent hy reason of any-": � ,�� =
<br /> � " �,� made by the orig'uia3 Borrawer or Bonawer's successors_in�interest. Aay forbeuance by Len�er �sc: . ' t_��. =�
<br /> - � � �:�-�.�sing any rig6i or remedy shalt not�tie:a waiver of or preciude�ihe�exercise of any right or remedy. . �� � �A=_
<br /> : . ,� � � . 12. Successmrs aad� Asstgas Bt�Cd+ doint and Several Liability, Co-sIgneas. The covenants and � , —�,�
<br /> �. )�, , �� ��', agr�ts of this Security Inftrumeut sha�i bind and benefit the successors and assigas of Lend$r and Borrower, _ ���==
<br />. ,"fII°t4/i, �i l: . � . ���:�-. _
<br /> ' ' 'tp��. � sub,�e:�to the.provisions of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any �� �,;�r•.
<br /> •..'�.��i:"? .�. .::, gns g�S �`_�.�t��y,.
<br /> Borrower who co-si this Security Inst��npent but does not execute the Note: (a) is co-si this Se�urity ��
<br /> < 3:;�.
<br />, . � -.. � Instrument anly tv rnortgage, grant and�aor�►rey [i�at Borrower's interest in dee Praperty under the terms of this :���,�;��,
<br /> � Se�urity Instrum4aipt��(bD is not personally+otiligated ce pay the sums secured by this Securiry Inswment: and (c) • -_���.--;-
<br /> - . agrees that I.�nder aud a�►y othrac Bonower may agree�t�extend.modify,forbeac or make aay accommadations with :�:_�°=��`
<br /> rega�.to the tem�s of this 5�turty lnstcument or the�Ivte without tt�at Borrower's conseut. , "':. �._ �
<br /> .. '" ,�,, . � � a3. I.oan CLarges. Ifthe loan secured by this�Security insuument is subject to a law wluch sets ma�cimum --_
<br /> ��r�^-"� ` toa�:criarges,ant�;t�t�iaw�Is finally intBrpneted so dtat the interest or other toan charges collected or to be collected
<br /> ���;,�' �'%� i�c,�oinection,w�ttt�t�slaan�e�tha�penini�timit�.�n:(a)any such loan charge shall.be reduced by the amount � <;��
<br /> �' ;�J'� n�r�s�:ta�rednc� the c�arg�tc�t��per�ed [iz�i6:f•a'nd(b) anY sums already coAected from Bonower which
<br /> - .�};'.sF�>�`ea'.•:-�;._�' : �
<br /> _- . ., e���ct��nnitted 1"units will��iie refimded af Sorco�t�c��Lender may choose to inake this refund by reductug the .��;.;;`. _
<br /> ;:��• • principal owed under the Note or by�mat�g��a direct payment to Boaower. If a refund reduces principal, tite � ;:=.�__
<br /> ,. . reduction will be ueateai as a partial.prepayment without any prepayment charge under the Note. �`='` �°---
<br />_ . �� � � !�. Nottces. Any notia�ta Bunower provided foi in this Setvriry Instrument shall be given by deliveriag
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<br /> �� ' it or by mailing it by first class mail unless applicable law reguires use of anoiher method. The notic�shal�be '°�-
<br /> ::r. . `�' �� , .
<br /> . direc[ed to t he P roperty A d dress or any o t her a d d r e s s B o r r o w e r d e s i g n a tes b y notice co Lender. An y norice to Lender :`==�
<br /> � � . �hall be given by first class inail to Lendes'�address stated here�n or u�sp�other address Lender designates by norice , � '"���
<br /> �::�+;�: .� to Bo r�ow er. A r��,n o t i c e p F a�v i d e d f a r in���ecuri ry Insauuient sJi�be deea}ed to have ti�az�iven to Borrower . � .' . _,._�
<br /> . � � `��' •� or:�er when given as provided in this�graph t,�. �, � . . ��-..
<br /> • � ;;., . � �$. Gd��i�ning Law;�verab�:, '�'his Secii�i�y Instrument shall be govemed by federal law�ud.the law :' ��,p:
<br /> . of t;�;.�rssdictie� in which tF!e �ropeir�.�r.�.located.� in the event that any provision or clause of tf�:,�ecutity � �
<br /> - - :� lnstrument or the�tote conflicts with ag�lti��b4e law,such wnflict st�all not affect other provisions of tfms Secudty � . «�!���
<br /> �;. � • '� 1ASimment or the::!TOte which can be giv��Qi�tt without the conflicting provision. To this end the provisions of this . � . ° � _� .
<br /> Seaui.ty lnstrument and the�ace zre de�f.�.i�i?�o be��ble. . ' �,ti r�},,=t �;�t,Y
<br /> ��'4° 16. Bonowe�s CQ�g: .�emor•+f i�i°.�L1 6e����i�one wnformed copy of the Note and af thir��,5e�urity �_'��"��i�. t.'` �
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<br /> ' �� 17. Transfer o�the� c�•.��eueffci2�dnterest in Borrower. If all or any part o€the Property or . , ` ,�
<br /> �Y � � ���'�}�:
<br /> 4� . ��!;� any interest in it is sold or transferred(�r i�"a benefcciJ interest in Bo=rower is sold or transf�rr�d and Bonower Is � , �;�s _
<br /> -F ._ not a natoaal person)without Lender's prior written Co�Sent,Lender may.at its option,requ�s immediate payment . , :.;�,;,..,• .�- ;����:
<br /> ,�' � in fiill of ali sums secured hy th3s Security lnsvument. However. this optlon shall noi be exercised by Lender if , . ;�i'n�� � ` ; ,_
<br /> '� � � e a ercise is prolu'bIted b y federal law as of the @ate of t6is Security lnstrument. If Lender exercises this option, r .�.�^.
<br /> - �� � �•` ' Lender shall give Bonower notice of accet�ration. The notice shaU provide a peri o d o f no t�l r�s t h a n 3 0 d ay s fr o m � . • �?,;� :
<br /> � '-v���� the date the notice is detivered or rpailgd�within which Borrovi�,r must pay all swns sesured by dris Securlty . • '`
<br /> f , ::. L _1� :� ',:
<br /> lnstniment. If Borrower fails to pay these swns prior to the expiration of this period, I.ender may_invoke atry ' � , �•
<br /> i _ ; . fr��'�':,
<br /> � :�;;:�:'� remedies permitted by thls Securiry Instrument without further notice or demand on Borrower. , '��i.,�� �
<br /> _ . � 18. Borrowe�s Rig6t to Reinstate. If Bottower meets certain condltions.Borrower shail i�ave the right :��'�,�� �
<br />`_���. " � � to have enforcement of this Security insmiment discontinued at any dme prior to the earlier of:(a)5 days(or such
<br /> ;:`'�. ,� other period as applicable law rt�ay specify for reinstatement)before sale of the Praperty pursuant to any power of
<br /> sale contained in this Security Insavment: or(b)entry of a judgment enforc'ing this Securiry instrument. Those
<br /> :, j conditions are that Borro�ver:(a)pays Lender ali sums which then would be d�e under this 5ecurity Insttument and � .
<br /> � the Note as if no aceeleration had occuned:(b>cures arry default of amr other covemats or agreemenu:te)pays�!1 �
<br /> �� .
<br /> � , � eapenses incurred in enforcing this Secudry lastnimem,including.but not lim3ted to,reasonable attomeys'fees;and -
<br /> " . � � (d)takes such action as Lender may teasonably require to assure that the lien of this Securiry lnstrument. Lender's I� � .
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<br />- ;' ` Fi��$� Page 4 af 8 / N�xxusst �Re�.oonz�v�� E -_--------
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<br /> �., _ -- FIXED RA'f'E PROG�f . � � � •
<br />--j�5 � . Honower tnitiats ( '
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