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<br /> 9Q=1Q099 5
<br /> ` � If Lender required mortgage insurance as a candition of making the loan secured �y this Security In§trument,
<br /> Borrower shall pay the premiums required to maintain the insurance in effect until such ti�e as the requirement for the
<br /> " irsurance terminates in accordance with Horrower's and I.cnder's written agreement or applicable law.
<br /> 8. tns�ect€on. Lender os its ager.t may make reasonable entries upon and'mspectians of the Prcperry. Lender
<br /> s,6aJ1 give Borrower notice at the time of or prior to an inspection sgecifying reasonable cause for th�inspection.
<br /> 9. Condem�attoa. The proceeds of any award or claim for damages,direct or consequential,in connection with
<br /> - � any candemnaiion or other taking of any part of th� Property.or for conveyance in lieu of condemnation�ar�hereby
<br /> _ assigned and shall be paid to Lender.
<br /> . , In the event of a total taking cf th�Property,the procecds shall be applied to the sums secured by this Security
<br /> � ' Instrument,R hether or not then dsie,x�i.th any excess paid to aorrusver.In the event of a partial taking of the Pro�ty,
<br /> unless Bonower and Lender othe�wis��in writi�g,the sums secured by thi�Security Instrument shall be rea�d 6y
<br /> � the amount of the proceeds�r4ltiplied tsy the followin�fraction: (a)the total amount of the sums sec��d Imme�eiy
<br /> �;;' txfore the taking,divided by is1,'the fair market vatue�sl;the Property immetliately before the taking.R.ccw�T�r,e s�l be .
<br /> paid to Borrower.
<br /> _ . � If the Praperty is abandoned by Borrower,or if,afier notice by Lender to BonoKr-���:�t�e�,;r•�>�r+nor oLers ta
<br /> ���.. . make an award or settle a c'a:�for damages.Bonowet fails to respond to Lendec within 30 c�s aftet t����:3te the notice is
<br /> given,Lender is author,ze�}t�n�,�llect and agply the proceeas,at its�ption,either ta restaration or rep�ir�::�:3�e Property or '
<br /> " � . ta the sums secure�.��;�1:��'�c�..rity Instrument,wheth�r or noi then due.
<br /> ' Unless L�rsr��r�..�4 i;,�..*rower oth�rise agree in writing,a.c±l application of psoceeds to principal s?:all not ext�d or
<br /> , postpone the da���r�f t�e monthly Fay�ts refened to in��:.:��phs 1 and 2 or change rJ.-.:amount of such pa�-auents.
<br /> 10. Borrc�'er Not Reteased; F�-.Iba..�a�re Bv Lead� '��s a Wajver. Extensic� �af the tir.ie for paym�t os
<br /> maiification of amortization of the sur�sz�:.;::�.�y ���.�s Secs:r"sy tnstroment granted by �,ender t��y successor in
<br /> interest of Eorrower shall not operate to*°�.:.�e�;::t`�e:�?��:��ty of the original Borrower or Borrc��'s s�•�a�sors in interest.
<br /> Lender shall not 6e required to eommc�:oe proceedings against any successor in inter�t�y�-��,�:�;,eatend time for
<br /> , payment or otherwise modify amortizatic^a�the sums secured by this Security Instrument r��s�r�;.;-��?any demand made
<br /> � by the original Borrower ar Bonower's successors in inierest.Any farbearance by Lender in�7:::c:�:::�z-y right or remedy:
<br /> ; shal)rtot be a waiver of or preclude the exercise of any right or remedy.
<br /> ii. Successors and Ass1�s Bound;Joint and Several Ltability;Casi�ers. The rovenants�;3 agreements of, . ,
<br /> this Security Instrument sha13 bind and beneRt the successors and assigns of Lender and Borroa er.subject to the provisions
<br /> of paragraph 17.l�arrawer's covenanls zcec�?�reements shall be jeiat artd several.Any Bar�•:.�who co-signs this Sec�ur�ty�
<br /> ' Instrument but L-:��not execute the Ncs:�.�r;W}is casigning this 5�;urity Instrument only a1��*tgage,grant and o�nvey.
<br /> that Borrower's in4erest in the Property u::��the temcs of this S�urity Instrument;(b)is:���c iversaz2:�y obligated:�pay �
<br /> the sums secused by this Security Instrument;aad(ci)a.�ees that Lender and any other Be:*_�o�er rr��,agree to eatend, -
<br /> madify,forbearot make any accommodations with regard to the terms of tbis Security In��-i:ment or the Note without-
<br /> that Bonower'sconsent.
<br /> 12. I.o�n Cliaarges. If the loan secured by this Security f��trument is subject ta a:::.—.r which sets ma�cimum fozn�
<br /> ' charges, and that law is finally interpreted so that the interes! or other loan charges collected or to be collected in� _
<br /> conneetion with the loan eaceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount• --
<br /> � necessary to reduce the charge to the permitted limit;and(6)any sums already colleeted Gom Horrower which exeeeded� �`
<br /> — permitted limits will be refunded to Be.,;,.�wer. Lender may choes:to make this refund h4> reducing the principa!�wed � �
<br /> , under the Note or by making a direct p,��,�.:�nt to Borrower.If a ref:nd reduces principal,t[�.��eduction wil!be treat:�asa
<br /> ' partial prepayment without any prepayrr.��t charge under the Note.
<br /> 13. Leg(slation Afiecting Lender's Rights. If enactmeni or expiration of applicable laws has ihe effect of�
<br /> render.ng any pravision olFthe Note or this Security Instrument unenforceable according to its terms,L:�;�,ar.at its optian, .
<br /> may require im^aediate payment in full of al)sums secured by this Security lnstrument:a,r.�=3 may invoke any ren�ies + ;�
<br /> ; permittet!by�S�.r:uraph 19.lf Lender exer�::;es this optian,[xnder shaU take the steps speci�i:��;in the second paragr:.�3'h nf� ,�y'
<br /> � paragraph 17. .
<br /> � 14. Notices. Any natice to Borrower providcd far in this Security Insttument shall be given by delivering it or by. .�
<br /> maiting it by first class maiD unless applicable law reyuires use of another methad. '�'he notice shall be directed to the � '
<br /> Property Address or any other address 8:�rrower designates by notice to I.endcr. Any nar:�e to Lender shal!be given by
<br /> — first cluss mail to Lender's address statcti.l�:;ein or any other address Lender designates U4�;�:�tice to Horrower.Any natice �
<br /> provided for in this 5eeurity Instrument;i:all be deemed to have been given to Borrower cr C.c;nder when given as provided
<br /> in tb.is paragraph.
<br /> 15. GoverniegLaw;Sererability. This Secur;ty Instrument sha116�r�;�,:rned by federal law and the law of'the
<br /> jurisd::tit�n in which ihe Property is located. In tr.e���:-it that an��provision�:c;ause of this Security Instrument Qr the
<br /> — Note confli::� �i�;applicable law,such��^Rict sI�;:if r��t affect a�siiur provitior�s of t;�is Se+:�rity Instrument or the;v;��te
<br /> � which can is��x�e�effect without the cer�f?i,t:ng�ra•�i.��on.To 4!n�.�:r.d tne rr•��tsions of t��:�Securiry Instrument ar.d tlte
<br /> i , Note are decl�zed to be severable.
<br /> 16. Borrower's CQttS°. gorrower shall be given one conformed copy c:{'the Note and af this Secutity Instrument.
<br /> ' 17. Tr9nsier of thp r'�roperty or a 9eneflct�l lnterest in Borrower. lf all or any part nf the Property nr any
<br /> interest in it is 4c:�i�?or transferred(ur if a beneficial intcrest in Borruwer is sold or transfcrred and Borr�wer is not a natural
<br /> pc:rson)withcw±:[.ender's prior written con�ent, lxnder may,at iis option,rcyuire immediate payment in full of all sums
<br /> � secured by this Security ]nstrument. Hawevcr, this optinn shall not br exerriscd by Lend�r iP exercisc is prohibited by
<br /> federal law as af Ihe d�te of this Secarity Instrument.
<br /> if Lender exercises this option,Lender sha11 give Burtowet ra�tice af acceler�ticm."The nolice shall provide a periad � �
<br /> of uot less than►3[�@ays frnm the date the notice is delivered or maileci within whirh aorrower must pay all sums sccured by
<br /> this Security instr�ment.lt Borrower 4ails to pay these sums prior to the expiration af this period,I,ender n�ay invoke any '
<br /> _ remedies permitted by IhisSecurity lnstrument without f;•rther natice or demand�fn Burrawer. ' �
<br /> � 16.$orrawer's Ri�fit to i`teltlsiIIte. If�t�rrowe�m�ets certa�n conditinn�. Harrower si�all have the ri�;ht tci have
<br /> rnfarcemcnt af this 5eturity Instrument clisc:odtinued at:�ny time prior tu thc earlrer uf:(a)5�layt(or such c�ther peni}d as �
<br /> L applicable law may spccify fur reinstatement)hefi�re s�te of the Prcrperty pursuant tn any pn�ver�+f�alc cnntaincd in this
<br /> 5ecurity Instrumcnt;ur(b)entty nf a judgment enf�rcing this Security lnstrwnent.7'ho�e c�mditiims,�re that Burn�w•er.
<br /> la)pays Lender all snms which then would be due under this Security tntitram�nt and the Nute had n�� acceleration
<br /> orcurred, (b) cute:5 any defeult uf any other covenants or agreements; (c) pays all ex�nmes incurred w enfouin� this �t-�
<br /> —' Securiry inatrument,includin�,hut nnt limited to,reason�ble��torueys'fers;and(el► taketi�uch.ictinn u� I.en�icr may �
<br /> reasunably ree�uire tn acsure that the lirn of'th�s 5ccurny Instrurrirut. l.ender c •rrght� m the 1'ru(�ert�,• :utcl Nirrc��wer'i ,
<br /> — --- obli�atio�c fu pay the sums sccured by thic Sectnity lnctnime�u :htil) cr�tilinuc t�ncha�t�:ec� Cipon re�n5t�tcment by �r .�
<br /> kf�.tirrt�wer,thit tieceirity En�trume��r and�hc<,bhgat�on�sccured hereb��halt remaisi iull� r�'c�ctne,��if n��:icrrlerah�+n had
<br /> - r� s�eurre��! H��ti.cecr.th��s�ght tc�reinstatc shail unt�j,��1}�u�thc r.nc�,f dccelcr:�ht�t�ttnd��r p.tr,f�:r�rh�i z�,r t 7
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