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<br /> 90--102283
<br /> � lf Lender reyuired mnhg�ge insurance as a condition of making thr loan secured by this Security Instrument,
<br /> Borrower shall pay the premiums required ta maint�in thr insurance in etfect u�til such timc as the requiremeat for tha
<br /> insurance terminAtes in accordAnce with Borrower's and Leader's written agreement ar app!icabte law.
<br /> � 8. ln�ectioe. Lender or its agent m�y make ratsonablc entries upon and inspections uf the Property. Lende�
<br /> shall aive Borrower noticc st the time of or prior to an inspection specifying reasonable caus�for the inspection.
<br /> s 9• Cwiew�tloe. Th�proceeds of any swud or claim for damages,direct or consequentisl,in connection with
<br /> any condemn�tian or ather t�king of any psrt of the Property,or for conveyance in lieu of condemnntion,are hereby
<br /> usi�ned and ahall be paid to Lender.
<br /> ln the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,Mhether or not then due,with any eacess paid to Borrower. ln thc event of a partial taking of the Property�
<br /> vnleas Bonower snd Lender otherwise agree in writing,the sums secured by this Security lnstrument shull be reducod by
<br /> the amount of the proceeds multiptied by the following fraction:(a) the total smount of the sums socured immediately
<br /> before the taicin6,divided by(b).the fair muket value of the Property immcdiately before the taking.Any balance shaU bt
<br /> paid to HorroMtr.
<br /> If the Property is�bandoned by Borrower. or if.after notice by Lender to Borrower that the condemnor offers to
<br /> make an swsrd or xttle a claim for damages,Horrower fails to r.espond to Lender within 30 days af'ter the date the aatice is
<br /> Eiven,LendeF is authorized to coltect ac*d apply the proceeds.3t cts option.eithcr to restoratian ur repair of the Property or
<br /> to the sums sxurcd by this Securit}Ir.st,�umcnt,whether or not then due.
<br /> Unkss Lender anci Hvrrower ot�rwise agree in writing.any application of�roceeds to principal shall not eatend or
<br /> posspone the due date of the monthl�pa?�ments rcfferred to in paragraphs T and 2 ur change the amount of such paymonts.
<br /> 10. Homower No! Relea�ed;Fb�beua�ce By knder Not s Wairer. Eatension of the time for payment or
<br /> modiflcation of amortization of the surris secured by this Security InstrumGnt granted by Lender to any successvr in.
<br /> intenst of Borrower sha�!c�ot operate to rclwse the Iiability of the origina�Bonower or Borrower's successors in intcrest:
<br /> Lender shalt not be req,uired to commence proceedings against any successor in interest or reti�se to extand ama for
<br /> psyment or otherwise modify amortization of the sums secured by this Security Instrument by reason oPariy demand made
<br /> by the original Borrower or Borrower's successors in interest.Any forbearance by l.ender in eaercisiag any right or remedy
<br /> sh�ll not be a waiver of or preclude the exercise of any right or remedy.
<br /> 1�• Snc�e+�oe�aad Msi�Bo��d;Jotnt and Se�er�l I.iability;Casigners. The covenants and ageements of
<br /> this Security lnstrument shall bind and beneflt the successors and assigns of Lcnder and 8onower,subject to the provisions
<br /> of paragnph 17.Horrower's covenants and agraments shal!be joint and severai.Any Barrower whn co�signs this Security
<br /> Instrument but does not execute the Note:(a)is co-signing this Security lnstrument only to mongage,grant and convey i
<br /> _ i thit Bonower's interest in the Property under the terms of this 5ecurity in�tn�mr++*;(b�is aot F:r-„ar�t;y abligat:,d ta�y --
<br /> the sums secured by this Security Instrummt;and (c)agrees that Lender and any other Borrower may agree to eatend,
<br /> _ �:�3,`��•%• �•��:,-.y.�viriinvusiions wiz�regard to tne ttrms of t1�is 5ecurity Iostrument�r the Note withovt -
<br /> th�t Horrower's consent.
<br /> ]2. Lan Cbar�es. IPthe loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> chuges, and that law is finally interpreted so that the intcrest or other loan charges collected or to be collccted in --
<br /> connection with the loan eacaed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br /> ne�essary to reduce the charge to the permitted Jimit;and(b)any sums already collectod from Borrower which eacaded ±�
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refun� by reducing the principal owed �
<br /> under th�Note or by making a direct paymem to Bvrrower.If a refund reduces principat.the reduction will be treated as a '
<br /> putial prepayment without any prepayment charge under the Note.
<br /> 13. I.eg(slation Affeeting I,ender's Rights. If enactment or eapiration of applicable laws has the effect of ;
<br /> rendering any provision of the Note or this Security Instrument unenforcea6Ee accordin to its terms,I,ender.at its o t�on.
<br /> may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies t��a
<br /> permitted by puagraph 19. If Lender exercises this option.Lender shall take the steps specified in the second paragraph of �
<br /> paragraph 17. .�
<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given 6y delivering it or by �Q
<br /> mailing it by first class mail unless applicabla law requires use of another method. The not�ce 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 Ixnder designates by notice to Borrower.Any notice
<br /> Provided for in this Security Instrument shall be deemed to have been g�ven to Borrower or Lender when given as provided
<br /> ia this paragraph.
<br /> 15. G�ereing Law;Se�enbility. This 5uurity ]nstrument shall be governed by federal law and the law oP the
<br /> jurisdiction in which the Property�s located.In the event that any provision or cla�se of this Secunty Instrument or the
<br /> I3ote conflicts with applicable law, such conflict shall not affect other provisions of th�s Security Instrument or the Note
<br /> which ean be given effect without the conflicting provision. To th�s end!he provis�ons of thi�Secunty lnstrument attd the
<br /> l�Fote sre�xlared to bc scvcsable.
<br /> 16. Horrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security]nstrument.
<br /> 17. Traesfer ot the Property or � Bene8cial Interest in Borrower. If all or any part 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 natural
<br />� person)without Lender's prior written consent, Lender may,at its opt�on, reyuire immed�ate payment in full of alf sums
<br /> se�ured by this Security lnstrument. However, this option shail not be exercised by Lender if exercise is prohibited by
<br />� federal law as ofthe dateoEthis Secunty Instrument. ;`_ - -'-"'
<br /> If I.ender exercises this optton,Lender shail gi�e Borrower notice of acceleration.l`he notice shal)provide a perrod
<br /> of not less than 30 days from the date the notice�s de�i�•ered or mailed within wh�ch Borrower must pay all cums secured by
<br /> this Security Instrument.If Borrower fails to pay these sums pcicr to the exp�rat�on of th:s penod,l..ender may in�uke any
<br /> remedies permitted by this Security Instrument aithout further notice or demand on Borrower. '
<br /> � 18. Borrower's Rig6t to Reinstate. lf Bors-ower meets certain condit�nns, Borrower tihall ha�e thc r-�ght to have r
<br /> enforcement of this Security Instrument discontinued at any time pnar to the earl�er of:(a)5 days(Qr s�ch other penud as N
<br /> � � applicable law may sprtify for reinstatement)before sale of the Froperty p��rsuant to any power of sale conta�ned in th�s �
<br /> Security lnstrument;or(b)entry of a judgment enforemg thts Secunty 1n5trument Tho�e cond�t�ons are that F3orrower. �,
<br /> (a) pays Lender all sums whieh then would be due under this Secunty In�rrument and the 'Vote had no acceleration �.,
<br /> ocrlr�ed; (�) cu►es an; defaylt �san� o:her cc�cr.��ts o; agrrei��tui�, tc) pays ali eapen�e5 incurreti tn ent"orcmg th�s �
<br /> Seturity Instrument, �nclud�ng,but noi limned to, reasonable attorneys'fees, and (d) take�wch acnun as �.ender may
<br /> _ reasonably reqture tn assure that the hen of th�s Secunty lnstrument. Lendcr's nehts �n the Yropert� and I3nrrnuer'� ~
<br /> �� obltgaUon to pay the sums seeured by this Secur-�ty Instrument �hall cvnunue unchanged l'p��r� re�n�tatement hy ��
<br /> � Borrower.this Secunty lnstrument and the obbgatiom secur�d h�reh} �hall remnin full}effe�ti�r a,�f ne���ccrlere�iem had
<br /> ��-• occurred.However,this nght to reinstate shall nut a��ply in the ca�e�.f�.�eler�tte�n unt�:r�atagraPhti t i rr I"'
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