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<br /> � � , . �. � � � � ` � . ` � 90�' 10319t► .
<br /> � ' Lf L�Qer:equite4 mon�e insuranar as a canditiors af making�hs ioan s�nred by this Secarity Insuummt. . ' .
<br /> Borrowtr shW_psy the premiums ttquired to aeaintain the insurance in ett'ect until such time as the requiremcnt fos the +
<br /> � r � insurance tenain�ta in tccondance�ith Bo�rawer's and Lender's written agrames�t or applicabie law. -
<br /> � . � � i. I�ecdqR. Lend�r or its iseat ra�y ruake ra�son�ble entnies upon and inspxtions af the Propen�r,Ler►dsr
<br /> � shall�ive BoQVMer�e at tbe,�ime af or gsior to aa inspcctian specifying reas�nable cause fai the inspecdan. � �
<br /> , ' , � !. Ca�Mlo�. Tb�r proceeds of any�wud or cJwn for damages.dir�t or casssequential.ir�connectian anth
<br /> uiy ooqdpao�lltioA�a�alltet talcing of any part of the Property.ar for convcyartce in lien of candemnstion,ue hareby �
<br /> aspptedands6al16e�itt'fbt.end�r. �
<br /> � . : In tt�e event of a total uking ef t�e Praperty.the procads shail6e applied w slse sums secwed by this Secwity
<br /> , Instrumeat,lvbether or not thm due,+with any exce.ss paid to Borrower.In the e�ent of a partial qicing of the Property.
<br /> : unkss BorEO�ra aAd Laida othet�rise saret in writing.the sums sec�rqd by this Security Insirumeat shsll 6e reduced by
<br /> the amount of the pr`oceeds multip6ed by tbe following fraction: (a)ths total amount oi ths sums secured imaKdi�telY
<br /> � befone tlu talcina,dividad by(b)the fai�r muicet v�tlus of the PraQerty immediatety befote the taking.My b�lanoe s6a11 be
<br /> . pid to Bomo�rer. ' � •
<br /> ' • � If tbe Fropertyr is abnndoned by.Borrower.or i�,afia rtoticc by Lender tq Borrower that the condemnor oBers to ' � •
<br /> , m�fce aa apud or settk s claim for dunages.Borrowu fsils W respond to Lender within 3D days aRer the dau tiie notice is
<br /> aiv�,Leoder is iutho:ized to collect uid apply th�proceeds,at its opuan,either to restoration or repair uf the Property or . ,
<br /> ' , to the sunrs secured 6y this Socurity I�tnunent,vvhether or noi then due. �
<br /> ' Unkss Lender a�1d Borroxer otherwise agree in writing,any application of proceeds to principal shall�nat estend or , �
<br /> � �ostpone the due date of the monthty paymenu refsrred to in paragraphs I and 2 or change the a�a�ant o�sucb psyments.
<br /> I0. Barrawer Not Relared; Forbaraece By I.ender Aiot s Wdver. Exte�tsion of the time fos paymmt ar
<br /> taodiflcation of amortiution of ihe sums secnred by this Sxurity lnstroment gsancc�by Lcnder to any successor in �
<br /> . • � interest of Horrower shall not operate to releue the liability a�the original Sorrowec��Borrower's successers in intera� �
<br /> Lrnder shall nat 6e requirod ta commencc peoaeedings against any successor in interest or refase to eatend time for :
<br /> �_. :_ _. . piyrmmi or otherwise mvdify aruort'uation aEthe sums secured by this Security Instrument 6�+reasan of any demand made . _�
<br /> - � 8y the original Botroweror Borrower's suceessors in interest.Any forbearance by Lend�r in exercising any right arremedy
<br /> � shsll not be a wdver of or preclnde the eaereise of any right or remedy.
<br /> � ]i. S�eea�oe:ud M�ips 8awd;Jota�t�ed Se►ea��:is6tlity;Co-signers. The covenants and agreements oi �
<br /> this Security lnstrumer�t sh�ll bind and benefit the sucassars�:r,�assigns af Lender and Borcower,subject to the provisions .
<br /> of parsgnph 17.Borrower's covenants and agreentents shall bt joint and se�eral.Any Borrower who co-signs this Security � �
<br /> -4nstrument hui does aot exxute the Note:(a)is co-signing this Securiiy Instrument en,ty to mortgage,grant and convey �=
<br /> ' that Borrm�er's interest in the P[apercy und�r the terms of this Security Instrument;Gt�,��s not personally obtigated to pay ..
<br /> the sums securtd by this Security IIr�trument;and(c)agrees that I.ender and any o:?:er Borrower may agrce ta eatend, . -
<br /> modify,forbear or make any accornmodations with regard to the tcrms of this Secunty Instrument or the Nnte without :�::��__.�
<br /> thsi Bonawer's cansemx. . . -
<br /> l2. Lo�n Gl►�r�. If the toan secured by this Security Instrument is subject to a law which sets maaimum loan �
<br /> � charges, and thaE law is flnally a�.:erpreted so that the interest or oiher tnan char-*�s collected or to be coltected in � :
<br /> , connxtion with the twn exceed Q�-permitted limits, then: (a) any such laan charge shall be reduced by the amoant -
<br /> necessary to reduce the c�srge t4 ai:e permitted limit;and(h)any sums already collected from Bonower which excaded � -.
<br /> � ,permitted limits will be refundad to Horruwer. Lender may chaase io make ihis refund by redur,,i_^g the principa}owM
<br />� sndtr the Note or by making a direct payr�►ent to Borrower.If a refund reduces pnncipal,the redut��-'�n will be trtated as a �` —
<br />. partial prepayment without any preDayment charge under the�ote. �� s
<br /> - 13. I.e�:tatlon ARecting Lender's Rtghts. If e��•�..:�ment ar eapiratinn a` z�rlixble laws has t1:: effcct of
<br /> ; tmdering any provis:�-�nf the Note nr this Security lnstrumec�t unenfi�rceable accard�::��a�;4 eea-�s,Lender,at its opuon,
<br /> " msy require immodiu:payment in i'ull of all sums secured by thic Seccr�_i.y Instrument and mag�invnke any remedies '� �
<br /> permitted by psrsgrap'h 19.IP Lender exercises this option,lxnder shall:zke the steps�,{�cified in the second paragruph of '
<br /> . paragraph 3 7,
<br /> !� .!lwotices. Any notia to Aarmwer prnvi�Jed for m this Sec��r�ty tn`aurr2er.t shall be given by deliverirg it or by
<br /> . m�iling it tsy first ctasw mail nnless applicablt!aw requrra�:se�F anc�t�:-r methcxl. I he n�ttce shal} be d�rec�ed to the �
<br /> � Property Address ar a�y�ther address Aorrower designatec hy not�ce tc [;,�:nder. Any nottice Io Lender shAll be given by ';�
<br /> flrst class mail to l.endet's address stated herein ot any nther utldress Lender cfesignates by nouce t:�$orrower.Any natice � ,
<br /> , �rovided'£x+r in this Security lnstrument sha11 be deemed to}:�9 e been grvcn u►Hur r����er c�r t.ender uhen g�vea a�.�ruvid�d .
<br /> . ' in this paasgraph.
<br /> �S. �G�treU�Law;Serenbility: This 5ecurity lnstrument shall be gaverr.�r�by federat law and the Iaw of'the
<br /> � ,�urisdiction in whicb tlae Property is lc�cated. In the event that any prc►vTamn or clause of th;s Se:�;�iry Instrument or the
<br /> _ .. Note eanAicts with.a�licable_law.sueh.eonflict.shal)n�t_pff_ect_csther�r����ti�onc of tf:is 5ecunry trstrument_or the Note . . .. .
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<br /> whieh ean be givtn e�'ect without the canflicting prov�stc�n 't'o t4��ti�nd tt,c pruvis.:�°,uf th��Secunty lnstrument��nd the
<br /> Note are declared to he severable.
<br /> � , !E Borrower'sCopy. f3orrower shal)be g�ven ane conf��rmec!cnpu ui the ti-:::c and ui th�s Security Instrumrnt.
<br /> lT. Tnlnsler vRtbe Pro�erty or� Beneficial Interest in I3urrv�wct. If aU nr any parl of the Pr�perty or any
<br /> � 'sntsrtst in cs issold or irsnsferred(�r if e bmeflcial interest m Rutro�vcr«sc�W��r irHnsferred and[3crtower is not a natural
<br /> gsCrson j wiC�70ut Lendet's ptior�vritten cansent,I.endcr may,at its opt�nn,reywrc tmmed�ate payment�n iall of al)sums
<br /> secure��1�,�his Secutity lnstrumeni. Hnwever,th�s opt�an,;�all nut�+e caerci5ed by Leader if exercise is pruh�b�ted by •
<br /> . ' � , federallawasofthcdateoPthisSecuntylnstrument. � - �
<br /> - tf Lendet exercises this c�ptiun,Lendet shal!gtve Kotro�ser nntic:e uf accelcrauEm.7 he ri�t�ce Shalt pruvtde a petrod
<br /> oPrtot tess than 30days frnm the date the not�ce is delivered or inn�ied w�c:n;n which f3orrpaer must pay al)sum�sec:ured by `"'��"��-��
<br /> this 5ecurity Instrument.lf gorrower fails cu pay these sums pr�ur to ihe c�p�ia��un of�h�s per��d.Lender may invoke uny '
<br /> rtmedies pe7mitted by th'ts 5eeunry tnstrument without futther not�ce or demand on Hmrower.
<br /> 18.Borrowv'e R)gbf to Rtinstl�te. If Bnrrower meecs.restain cond�a��n5,. Hurruwer chaJi ha�e the rtRht to have .
<br /> ' • enf6rcgtrtem of thi5�eCatiry tnstrument�iscistttirtueti at any rrme�Sri�rr tr�rh�carfir�r rsf:f�t�ciay5 fc�r such other�serio�as � _ -
<br /> applicable taw may sp�cify for reinstatenient)bef�re sale nf the 1'roperty p�r�ua��t t�,a�►y p«wcr r�f sale cnntaincd m thit
<br /> Security Instrument;or(b)emry of a�udgmenl enforctn�this 5econt} Instri�ment f hc�.c csmdit�ot�s are�hat Ht�rruuer �
<br /> � fe).p�ys l.ender al)sums whieh theh would be due undet th�s 5ecutjty lntitrument aud ihe Nrtre had n�accelet�tion , �
<br /> .occurred; (b)cutes any default of any other covenants vr a�treementti, fc) pay��aif enEmh�eti �ncurted �r► enforcing th�s•
<br /> Stcurity Insttu�nent,indud�ng, buf not lumted ta, reasonabte attomc�s`iees,a��d �d)taketi�u�'� acu�,u as I,ender may �
<br /> reasanably require to assure lhat the lien c+f Ih�s $ecurity Instrurt�ent. i.en:frr'� :+�htc in the F'r��pert} and 3k�rtuwer's , �p
<br /> .obli�tean to p�y the sums 5ecured by th�s Secur�ty [r►stsuntcr,t tihafl tE�tlEifiliL` tlF1'iil:fiiyC4S E.�+e��3 resri�latesFCCrii f�} �.
<br /> � IIbt`iower,tliis Secunty lnstrtiment anit ttt��i�i�g�[E��iS secvrect herchy ct���fl r�rnr,irr tuiiy eficE n�c r�:tE�rs a.ieletatt�n�ratf � ';�
<br /> uccurred.Howevtt,this nght to te�nsiate sF�all not r�pply jrE t{ie ca:e nf a;:.:.�fer.�nrfi�under��ar�hr��h� t�c�r i 7 �' �
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