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<br /> � � 90-�, 141 i'�9
<br /> ', � If Lender required mongage iresurance as a condition of making che loan secured by this Srcurity irstrument.
<br /> Borrower shaU pay the premiurns required to maintain the insuraace in ettect unti!s�ch time as the requirement for the
<br /> insurance ter,mina3es in accord�nct with Bflrroc�er��3n�Lendrr�s cvritien agreertten4 csr ap�slicalslr lau_
<br /> 8. Inspeetfoa. Lender or its agent may make reasonable entries upon ssnd inspections oFthr Preperty. Lender
<br /> s5a11 give Bonower notice at the time of or prior to an inspectinn specifying reasoa�bte cause for the ins�ection. �
<br /> 9 Condemnatioa. The proceeds of any award or claim for damages,direct or consequentiat,in connection w�ith
<br /> any condemnation or other taking of any part of the Property.or for conve3ance in tieu of condemnation.are 6ereby •
<br /> ; ass�gned and sha116e paid to I.ender. �
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Securiry � �
<br /> ' Instrumtnt,whtther ar not then due,with any excess paid to Borroaer. In the event of a partial taking of the Property,
<br /> : unless Bonower and Lender athen;tise agree in writing,the sums secured by this Sccurity Instrument shall be reduced by
<br /> � the amount of the prc>ceeds multiplied by the following fractian:(a)th�total amount af the sums secur�immediateiy
<br /> � before the taking,di4ided hy(b)the fair market vatue of the Praperty immediately before the taking.Any balance shall be
<br /> ` paid ta Borrower. -
<br /> ; If the Praperty is abandoned by Bonower,or if,after notic;e.by Lender to Barrower that the condemnor offers to .
<br /> make an award or settle a claim for damages,$orrawer fa'sls to respond to Lerader within 30 days after the date the notice is
<br /> ; given,I�,zader is auiharized to collect and apply the proceeds,at its option,either to restoration or cepair of the praperty or
<br /> to the sur�s secured tsy tE►is Security Instrument,whether or not then due. �
<br /> ' Unless Len�er:a�i Borrower otherevise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpohe tt:due date of the mon6hly paymenu referred to ia paragraphs 1 and 2 or change the amount of such paymenu.
<br /> IfE. Borroiver Not Relezs�d; Forbeatance By Lender ti'ot A Waiver. Extension of the tirtie for payment or
<br />' �� modification of amortization of tne sums secnred by tl�is Security Instrument granted by I.ender to any successor in "
<br /> interest of Borrower�fralt not opesate to releas�ihe liability of the original Bonower or Bonower's successars in interesc.
<br /> I.ereder shall ttot tse.r.ta�sired to commence �TOCeedings against any successor in interest or refuse to extend time for
<br /> payment c-4 atherw�s�e�*s�dify azn:a��zation of the sums secured by this Sesurity Instrument by reason of any demand made
<br /> by the arr'.j��Bert�ML�or Borr_��«r's successars in interest.Any far6earance by Lender in eaercising any right or remedy
<br /> shall nor jl��u�aicec�.f��s,r precluar�r:'�e eaercise�f any right or remedy. �
<br /> � 11. Succ�a�+and Assigns Bouad;��ai�3 and S�veral Liability;Co-signers. The cavenants and agreements of �
<br /> ; this Securiiy Instrurae�t shal!bind and henefit r;:successors and assigns of'Lender and Horrawer,subject to the provisions ,
<br /> of Fara��p!a 17.Boarower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security �� '
<br /> � Instrum�:.T7 i��t does not execute the Note:(a)is casigning this Security Instrument onIy to mangage,grant and convey � ' �
<br /> � that BorrW�e�'s inlerest in the Property under the terms oF this 5ecurity Instrument;(b)is not personally obligated to pay �
<br /> the sums secured(x�¢�-�,s Security Instrument; and(c)agrees that Lender and any other Bonower may agree to extend.
<br /> modify.forbear ar�s.;i�any acr.ommodations with regard to the terms of'this Security Instrument or the Note without
<br /> that Borrower'scon�rdrt. �
<br /> ' iZ. LoAn C�rsges. Ir"�s�n:�oan secured by this SQeurity]nstrument is subject ta a law which sets maximum loan �� "'
<br /> � ch�r�es, and thai Lr: ;s &nally �r,terpreted so that the interest o; other ioan ci�arges coltected or to be coltected in �. _
<br /> � connection with t�e Ic�an exceed the per[riste�?zsnits. then: (a)any such loan charge shall be reduced by the amaunt � . �
<br /> � necessary to reduce the charge to the permitr;�:�'_:.^.�it;and(b)any sums already cnllected from Borrower which exceeded � ;,
<br /> F permittec�limits will be refunded to Borrower.�;i.ender may choose to make t6is refund by reducing the principal awed =�
<br /> ; ur,cEee t:l:n:.Ei�te or by making a direct payment to Bnrrower.If a refund reduces principal,the reduction will be treated as a
<br /> ' partial F rc:�ayment without a�y ptepayment charge under tize Nate.
<br /> 13. Legislatior� AtfeMing Lender's Rights. If enaciment or expiration of applicable laws has the effect of "
<br /> rendering any provr�<;�of the Note ar this Secar.ty Instrument unenforre.able aCCOrding to its terms,Lender.at its option, � � �
<br /> ; may require immediate payment in full of all sums secured by this Security Instrument and may invoke ane remedi� �-
<br /> ' rmitted b ara ra h 19,iP Lender eaercises this o t�on.Lender shall take the ste s s cified in the second ''`��
<br />, Pe Y P 8 P P � P• d� P<,•r.,�;rapfn r�
<br /> � paragraph 17. " :�.
<br /> � 14. Notices. Any natice to Borrower provided for in this Security lnstrument shall be given by deli��e;.r•.;it ar i�;
<br /> ; mailing it by first class mail unless appiicable t�w rcyuires use af another metliod. The natice shall be direc:�d to tne �
<br /> Property Address or any other address Horrow4r designates by n�tice to Lendcr.Any notice to Lerder shail ��.�given by `
<br /> ' � first clas;�.�a�ail to Lender's address stated herein or any other address i,ender designates by notice to @�;�rr��x�c-r ��:;.y notice
<br /> proviCsa,'tcm in this Security lnstrument shaU he deemed to have been given t�Horrower or l.ender when g',:�►��provided
<br /> ; in this paragraph.
<br /> 15. Cove:c:ii�Law;Severabllity. �sir Security lnstrument shall be goverrted by fedcral la�v and thc taw of th�
<br /> . �urisdici:a:in wf:i:Z�t�..Property is tocate@. 1'��the event thAt any prnvision or clause af this 5ecur;ty Instrument or tiir.
<br /> ' Note a:+r�f��:>.s with a,^,�licable la��,sach wnflict shall nat affect olher provisinns of'this Security Instrument or the Netc:
<br /> � whic':���t�given effect withoi:c ttr-,•conflicting pr�vision.Tc�this end the provisions of this Securety tr.strv.m�:a�t znd t�e
<br /> Npts a�e�:�.ct�red to be severabte.
<br /> �6. Borra�eris�opy. �,rrower shall be given one conformed capy of the Note and�,f thi,6�:urit;�I�.tsEc;ameill,
<br /> � k�', Transfer rsf¢t�e Pr��cCy cr s t3'�nr:�flcial Interest in Qorrower. lf all c�r any par� oF the 6�rupe�.y or any
<br /> 'sztere4i ir,T.it is sold or Eransfetred l ar±r a oeneircial interest in Borrower is sold or transfcrrcd and Narrower i5 nWx a natural
<br /> k ers;��l}.w:thaut Lender's prior t�riE��n conscnt,Lender may,at its c�plion,rryuirc immediatc payment in fvlS of all sums
<br /> � seeure(4`�y this 5ecurity Instrur:,ent. Hawever. this option sha11 nt�t be exerci�ed by l.ender if exercise is prohibited by
<br /> fcderal law as of the dur.e af this Security lnstri�ment. �`-°�—
<br /> lf Lender exer4i;es this option,Lender shall give Horrawer nutice of accelecation.The n�tiee shall pr�►vide a perind
<br /> of not less than 30 days Srom the d;itc the notice is delivered or m:�iled within which I3orrower matt pay all sums secureci by �
<br /> this Security lnstrument. If Borra�u�rr fails to pay these sums pric�r t�the expiration oi'this perioci,l ender may invoRe�ny
<br /> remedies permitted by this Security lnstrument withaut furthcr notire nr demend��n�3nrrower. ! �
<br /> 16.Borrower's RiRht tu Reinstate. lf�nrrua•er meets certain ennciitinns. Horrower tihal)have thr dght to have �
<br /> enforeement of this 5ecurity Instrument disccmtinutd at arty time priar ta the earlier oG(�)5 dayti(or such��ther F�eriud as ��
<br /> L applieable law may syecify for reinstatement)before s�le of the PruFerty pursuant to any power of sale contained in thi5 �,
<br /> Security inshument;�r(b)entry of t�ju��g!nent enforcing this Security Insuument. "fhc��c conclilto«s��rc lhat �rr�wer:
<br /> (a) pays Lender �ll sums which thrn wc�uld he due under thiy 5erurity Ins�rum�nt attd the Note had nu acceleralion ��
<br /> nccurced; (b)cures any �efault �f any c�ther cucenanls �r agteemcntti; (f) (1�55,�11 cxpcn�cv incurred in rnforr�ng th�s ���
<br /> Sec�rily Instrument.inctuding, but n�t funiteei tv, reasouable aUarney.v' fees: and (d)taketi�uch.iclicm as I.endcr may , �
<br /> rensonab�y reuuire tn aas;�re that the 1►er� �,f thic Se_-utity tnstrumerit, Les�der's ric;ht�in thr 1'ropertS and liorro�cer'c �
<br /> obligattan to pay tf�e ctims secured bJ, thic Scci�r►!y (ntitr�ment �h;ilt cE�ri�rnur unch7n„•rd l�r�n rcttt�tatrment hg� R
<br /> E3t�rruwer,th�c Sect�nty Intilrument anel tf�e��blt�;attvnc�ecured 6terehy chall Ee�'r�a�ti fully cft'e�te�c ati�f n��accelcrutit�rt h:ui
<br /> �kcurred 11ow��er.thi�nght t«remctate tihall�int n���+ly m the ca�e��t.���eictat�n�r�u:der p.u:��;r.�E,h� I t„r I'
<br />. �
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