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<br /> ; . 90-'100494 �
<br /> � if L�nder requ'ued mortgage insuranec as a oonditian af inelaing the Ioan secured b;� 4�is Secucity tns�rumens,
<br /> Barrower ahait psy the premiwns required ta msintain the insunnce in effect until such tima ss t�a requirerMent for th�
<br /> insucance tenninates in ucordancc witdi&srra�ver's and Lender's writcen agetment or rpFlic�bJ�I�w.
<br /> 8. I�eetian. Lender ar its�rnt msy make reasombk cntries upon an8�napertiQes af t�e Yropary.Lender -
<br /> shall givc Barraxer aadce at t�te titne of ar prior to sn inapection spacif�ing reasanalric canse far ehe inspection. -
<br /> 4. CoadeeaatioQ. The proceeds of any awud or claim far ctameges.dire�t ar canr�uential.in connectioA with
<br /> any condemaatian ar ather taking of u►y part of the Propertg�, er for caaveyance in ticv QEcundemnation,are hereby
<br /> assianed and shal2 be paid to I.eader.
<br /> In the evart of a cots!taking of the Property,tbe procoeds shall be applied ta tl�e sums seeured by tbis Seeurity
<br /> I�strument,�vhettier or nat tIItsn due,writh any Gac�ss p�id to Bormgrcr.In the evmt oPa psc�iel nking of the Property. � .
<br /> unlas Borro�vu and Leadu otherwise agr�r in writing,the s�mis securd by this Socwan�In�ment shtll be reduced by
<br /> the amaunL of t6a prcrceeds mutt�pticd by tf�a fallaaring fraction:(a)tbc total a�eunc af tha sums secured immcdutety .
<br /> bdncz the t�icin�,divided hY t�)tftc fair marSctt value of the Froperty immediutcly bef'dra the tnjcing.My bal�nce shal�6e
<br /> paidtoB�m+vtr. .
<br /> If t.�c Pr�pecty ia abaIIdaacd�y Barm�+er,or if�8�.'i A4t[C��y.•LlIIdaT tQ HUiTUlYlif•tI1St t�le CAIIdlmII4!O$�l13[O
<br /> mslce ta s�tard or seuk a claim fer�amage�;Ifurrower fails to rrspaad tu Lender wiihim3�ninys after the dat�the nuticc i4
<br /> �ivm.Lenda is�itlrjacizod ta r.oifect�d��1j ttse procaeds,at its aptian,either to restorotiaa�r npair of the Pra�ur:
<br /> . to the sr�5s���t,iiis Securt�L�strria�t�at,whether or not t�m d�1i� �: �..�:, .
<br /> . T�ii�s��..��,et'aad&im�i�eY�iens�'sse agree in wriUnB�aaY�catida.afg�aceeds ta:1=�Tr�ciPa1 s�a:T.lrn�t�xtai�.i� '� • .. ...
<br /> . postpQar:tit��d�er��the.ms�ati�i:i:�y���refeaedt¢InFaca��1 and�4u-char.get�esr�auntaf.ui����ay��: . ,
<br /> • 1�9:•'�i�N+at�a� Fa�6�ace By �er iy.rit w�"wai�er. gxtension�'��e time for paya�r�tsa � � ,
<br /> . acvdifai[iuu�ttF,�nvia�teo�r�f,t�te 5tim��ed by this�:�mument granted by ��er tq any succasQr..irs:.
<br /> anteri�tu€,�c'��cst3F3i�rut ats�*a�Ir.�zci'�e(ia��tg.af tt�rni�;j�iai Bonawer or Borrc*�r's successon in i�.�at:.
<br /> , Ler�dc��3!nat be�guir�ij�c�¢asmeas:e�n�in�u�ins't anr successor i�a interest or refuse to extead tiinc�i'�s -
<br /> �. gapm:tazf:at atber�rlLr Iuo�ify�n�n:i:a�ion aErlie svms secured hy this Security Ia�nimtnt by rta�on of IIny de�aad�: . .
<br /> . - �� 3�y ihe aripnal Hatm�ver ot Borrower's suc��urs in inurest.My fo�:.��.a:ce i�g.L�der in w.raz�ising any asg4�t or rx��: , �-
<br />' � � sh�U not be a�vaivar of or pnclude the e�cerese of any right or raua�-- •' � �. . . . •
<br /> ii. SiaYaroes ud As�s Boa�d:Jottt a�d Seaeal I3abfti'!�,C.o�ma�. TEie cctienant�and ageeaientga�, ' :
<br /> tbi�:Stcvrity Instr�ment shaU bind and benefit the successars and assigns of Lend�s-a��Borrower,subject to the provisic,as " �
<br /> oi'parngraph 17.Borroxer's cavtn�nts and agrcemente shall be joint and severaf.Any Bonower who co-signs this Security �
<br /> Inur,�m�nt but doa not eaxute the Note:(a)is co-signing this Security lnstrument only to mortgage,gnnc and convey
<br /> that��orrower's intcrest ia the Property under the terms of this Security Instrument;(b}is not personalJy obligated to pay �
<br /> the sums secured by this Secarity Instrument;and(c)�groes that Lender and any other Barrowec may agree to extend, . `
<br /> mfldify�forbar or mske any aceommoduions with regard to the terms of this Security lnstrumrnt or the Note without .
<br /> that Horrower's conser�t.
<br /> 12. Lo�CY�. If the loan sxured by this Security Instrument is subjeet to s law which seu muimum loan =
<br /> charges. aad tlut IsM is fmally interpreted so tbst the interest ar other losn cbuges coUxted ar to be coAected in =
<br />. connxtion aith the lan exca�the permitted limits,thers: (�)any such loui chuge shall be reduced by the amount —
<br /> necsssary to redua the chuge to the permitted limit;and(b)any sums already collected from 8orrawer which excoeded �':
<br />, pemuttod limits will be rtfunded to 8onower.Lender may choose to makz this refund by reducing the principal owe4 :
<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 prepnyment without s�ny prepsytnent charge under tbe Nose.
<br /> 13. Le�s4don Alfatia� IRSdtr's RI�6b, lf enactment or cxpiration of applicable laws has thc�fFect of
<br /> rendering any yrovision of the Note ar this Socurity lnstrument unenforceabte accarding to its terms,Lender,at its option,
<br /> n�y r.eyuire immediate payment in full of all sums sccured by this Security lnstrument and may invoke any remedies � .
<br /> permitx�d by paragraph 19.If Lender eaercises this option.I.ender shall take the steps speeified in th�e second paragraph of
<br /> pr�x�ph 17. �
<br /> 14 Notka. Any notice to Borrower provided for in Ihis Se�u�iiy Instrummt shall be given by deiivering it or by
<br /> mailing it by first class mail unless applicable law requires use oF anather methud. The notice shall be directed to the "�`
<br /> Prope�t�Addras or any other addras Borrower designs�tes by notice to Lender.Any notia to Lender shall be given by #
<br /> flrst cia�s mail to Lender's addras stated herein or any other address L.�der daignates by notice to Borrawer.Any notice
<br />. provided'for in this Security Insttument shall be deemed to have ban p•:en to Borrower or Leader when gi�en as providrd
<br /> in this puagnph.
<br /> iS. C�ereies I.�w;Serenbility. This Security� �nsttument shall be govcmed by federal law and the taw of the
<br /> jurisdiction in which the Prapeety is located.ln thc evesr that any provisian ar cla�use af this Security Instrument or the
<br /> Note con}ticts with applicabfr ls�v.such conflict sh�ll not a}fect other provisions of this Security lnstrument or the Note
<br /> which can be pvrn effect�vithout the conflicting provisian.To this end the provisions of this Security Instrument and the
<br /> Note are doclued to be severablc.
<br /> 16. Borrower'�Co�y. Horrower shsll be given one canformed copy af tho Note and oP this Security Instrument.
<br /> I?. Tra�ter of t6e Pen�trty or�Bentfl¢lal paterest in Bortower. IP all or any p�rt aP thc Property or any
<br /> interat in it is sold or transferrai�f�r iP a beneficial interc�r in Borrower is sold or transferred and Bolrawer i.s not a natural
<br /> , person)without Lender's prior written canscr!!,l.ender Enay.at its option,require immediate payment in fiill of all s�rns
<br /> secured by this Security Mstrument. Ho�xr.v�:r,this a�tcan shall rsot be eaercised by Lender if exercise is�rahihitccl.tty
<br /> � federal law as of the date of this Se�urity[n<trr:ment. -
<br /> If Lender exercises thiz��:�:r.ion,Len3er shall give I3c;er.ower notice of acceleration.The notice shsll pmvirte a��trivd -
<br /> •, of not less th�n 30 days from the iiate the R�tsce is delav��;mailed within which Borrower must psy all su�ns securd9,bd '
<br /> � this Security Instrument.I(8arao�vtr fuls ta,F�y thae sums prior to the eapiratian ot ihis peri�d.Lendrr may invoke�ny�. ,
<br /> ' remedies perrc�itted by this Security lnstrum�ax»withaut iunher notia or demand an Borrower; . '
<br /> EL�,E^:s��er'_���p R..-f�e. bf��sso�es s�eei:ctriaist cas�itic�n�,S�iraeyer st�.a!!h�s•t slse r:8les t�lsr�e
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<br /> enforcement of this Security�In:'etument discnntinued at eny�ime prior to the earli�r of:(a)5 days(or such other period as �
<br /> sppiieabte lsw may s�tc;iiy iur reir�.�tuien�e��ij i�iure sale oi the Property puts��ant[o eny puwe�oi'sa➢e cu�itYi��c,i in this
<br /> � 5ecurity instrument;or(b)e��try of a judgment enfarcing this Secunty Insrrumene. Those cot�d�tions are that Borrower: 1�
<br /> (a)psys Lender all sums which the» would be dur under this Secutity Instrument and thc 1�tote h�d no acceteration �
<br /> occurrc0; (b)cutes sny default oi any othet covenants or agreemrnts; (c;)pays all e�penses�ncurred in enfore�ng this
<br /> Secunty tstst!+.�ment, includmg, but rto1l�m�sed to,reasonablc attomeys'fees;ared(d)takes such act�on as L�der may �"`
<br />, ttisonabJy reqmrc to usute th�t Iht I�en ot this 5ecutity Instrument, Lender's nghts m �he Propeny and ilorrower's ��
<br />: obli�ation io �psy thr sums secured by thss 5�cunty lrestrumsat sF�a11 eantinme unchdnged. �ipe�n reir�sratement by -
<br /> $ottawer,this 5tcut�ty Insttumcnt and the obLgatiuns sscused hetrby shall rtm�ua fully tffc�t�ve as iP na aceeterauun had �- -
<br /> occumd-However,this r,gh�td remste�te st�till not appSy in 9hetase of�eceterait�un�nder parugraphs I�or S y.
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