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<br /> RE-RECORDE�
<br /> �p--10023� 89� y,06931
<br /> � lf'Lender required mor�gage insurance as a ronditi�n af making thc toan secured by this Security Instrument,
<br /> 8orro�ver shall pay the premiumc required to maintain the insurance in effect until such time as the requirement for the
<br /> �_ insurance terminatrc in aar�r�lanc�w}�i,�i�rrp,y,er's an�Lender's�vritt�n ssreement or applicable ls�ti�.
<br /> � 8. Iaspectian. Lender or its agent may make reasonable entries upan and inspections of the Property. Lender
<br /> shaU give Borrower notice at the time af or prior to an inspection specii�ing reasonable cause for the inspection.
<br /> 9. Condemeation. The proceeds of any award or claim for damages,direct or conseyuential,in connection with
<br /> � any condemnation or other taking of any part of the Property, or Por conveyance in lieu af condemnation, are hereby
<br /> ` assigned and shall be paid to Lender.
<br /> In the event of a tota! taking of the Property. the proceeds shall be applied to the sums se.^,ured by this Security
<br /> Instrument,wheth�r or not then due,with any excess paid to Barrower. In the event of a partial taking of the Property,
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by
<br /> the amount of the proceeds multiplied by the following fractian: (a) the total amount of the sums secured immediately
<br /> before the taking,divided by(b)the fair market value of the Propeny immediately before the taking.Any balance shaU be
<br /> paid to Borrower.
<br /> ]f the Property is abandoned by Borrower.or if,after notice by l.,ender to Borrower that the condemnor offers to
<br /> make an award or settle a claim for damages,Borrower fails to respond to Lender within 30 days after the date the notice is
<br /> givea,Lender is authorized to collect and apply the procecds,at its option,either to restoration or repair of the Property or
<br /> to the sums secured by this Security Instrument,whether or not then due.
<br /> _ Unless Lender and Aorrower otherwise Agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borroveer Not Released; Forbexrance By Lender Not a Waiver. Extension of the time fvr payment or
<br /> modification of amortization of the sums secured by this Security Instrument granted hy Lender to any successor in
<br /> interest of Borrower shall not aperate t�release the liahility of the original R�rrower�r Rorrower's successors in interest.
<br /> �.ender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> man ma e
<br /> by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy
<br /> shall not be a waiver of'or preclude the exercise of any right or remedy.
<br /> 11. Svccessors itnd Asslgins Bound;Joint and Severa! Ltability;Casigners. The covenants and agreements of ' '
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Bonower.subject to the provisions �
<br /> of paragraph 17.$orrower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security
<br /> instrumeni but does not execui�th�Note:(a)is r.a-sigr�ing this Sz:.urity instrument only to morigage, grant and wnvey � �
<br /> . that Borrower's interest in the Property under the terms af this Securi�y in�t��±*ient;fl,l ic net�rsen.�l;eti!ia�:e�ta�� ! '-
<br /> the sums secured by this Security Instrument; and(c)agrees that Lender and any other Borrower may agree to extend, � ' '
<br /> modify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note withaut � _
<br /> that Borrower's consent.
<br /> 12. 7.opn C7►arges. IP the Ioan secured by this Security Instrument is subject to a law which sets maximum loan - •
<br /> charges, and that law is finally interpreted so that the interest�or other loan charges collected or to be collected in � —
<br /> conneetion with the loan exceed the permitted limits, then:(a)any such loan charge shall be reduced by the amount ��=�
<br /> necessary to reduce tht charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded �:-i'�
<br /> permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed '
<br /> under the Note or by making a direct payment to Borrower. If a refund reduces principal.the reduction will be treated as a �
<br /> partial prepayment without any prepayment charge under the Note. :
<br /> 13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the eftect of t
<br /> rendering any provision of the Nate or this Seeurity Instrument unenforceable according to its terms.Lender,at its option, F .�
<br /> may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies ' �
<br /> permitted by paragraph 19.If Lender eaercises this option,Lender shall take the steps specified in the second paragraph of �
<br /> paragraph 17.
<br /> 14. Notiees. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by ���
<br /> mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the �� � �
<br /> Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by � �
<br /> first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice
<br /> provided for in this Secucity Instrument shall be deemed to have been given to Borrower or Lender when given as provided _
<br /> in this paragraph.
<br /> 15. Governing Law;Severability. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause o!'this Security Instrument or the
<br /> Note conflicts with applicable law,such conflict shall not affect other provisions�f thic Security Instrument or the Noie
<br /> which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a BeneRcial Interest in Borrower. If all or any pan of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natura)
<br /> _ person)without Lender's prior written consent, Lender may,at its option, require immediate payment in full of ali sums
<br /> secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by�
<br /> federal law as of the date of this Security Instrument. ,--__---_- __
<br /> If l.ender exercises this option,Lender shall give Borrower notice af acceleration.The notice shall provide a period '
<br /> of not less than 30 days from the date the notice is cielivered or mailed within which Borrower must pay all sums secured by
<br /> this Security Instrument.if Borrower fails to pay these sums prior to the expiration of this period, I,ender may invoke any
<br /> remedies permitted by this Security Instrument without further notice or demand on Horrower. �
<br /> � l8. Borrower's Ri�ht to Reinstste. If Borrower meets certain c�nditions. Rnrrowcr�ha11 ha��e tf�e right to ha�c `�!!�"
<br /> enforcement of this Seeurity Instrument discontinued at any time priot to the earlier of:(a)5 days(or such other perinc�as ��
<br /> L applicable law may specify for teinseatement)before sale of the Property pursuant to any power of sale contained in this �
<br /> Security Instrument;or(b1 entry of a judgment enforcing this Seeurity Instrument. Those canditiom are that l3orrower:
<br /> 4 (a) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleralion �
<br /> F occurred; (b)cures any dePault �f any other cnvenants ar agreements; (c) pays all rxpemes incurred �n enforcin� thiti / ��p�
<br /> i Security intitrument, includ�ng, hut not l�mited !a, reasonabte attarncy�' fec4, and /d) takes�uch actiun a. l.cndrr may i+t5
<br /> _ ___� rcatrmably reyutte t�attiure that the lien nf thi� Security Inctrumrnt. Lender'� ri,�hts in the Pr<�perty :in�! R��rr��wer'� ,
<br /> ti nbh�;atu�n t�, pay thc tiumti �c�urcd by thiti 5ccuruy lmtrumcnt tihall c�,n�inue un�han�cd 1���,n rcintitatcmcnt hy " '`
<br /> ��. F3�rrc�wcr.thi�ticcunty In�t�ument and thc��hli�;at�nm secured herchy tihali rc�m:�tn (ulh rtTrcti�r,i.if'rn�:�cccicr:�unn ha�l
<br /> �' r�.ccurred F�nue�er.�lu�ri�ht ti�ren►tittite�h,�ll n�Yt u�,ply in thec;itir��I:ice rlrr,itt„n under�,:ir.��r.i�,h. t ;a�r I�
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