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<br /> . � � � , � � � , . . . � : ,� 90--�.03451 � � � �, : .
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<br /> if i,ender required mortgaae insurance as a conditian af malcing the loan secured by this Socurity Instrumrant, �
<br /> `�. ` HorroMa shaH pay ttu•premiuma requirad to maiatain the insoru►ce in e�`ect�til such teme as the requiremrnt for the .
<br /> insuranc�e tenninstrs io accardanoe with Horm�ve�s.aad Lende�s written agament or applicable taw.' . ,
<br /> . S, Ia�ectioat I�deF or its a=ent ueay mal�e reasonable entries upon snd inspections of the Praperty.Lender
<br /> . . shalt givr Borro�et notice st tl�e;time ofor prior tv an inspection specifying rasonable causefor the inspection. . ,
<br /> . . . •�9. C.o�/�. Tlie proceed�of any award or claim for damages,direct or conseqwential.in connectiore with .
<br /> � , -� _ any ccn�emaatian ar otber takina of iny put of the Praptrty.os for cdnveyance ia litu of condannarion,u�hcreby ,
<br /> ` � � ' a�i�ed ufd sbaU be paid to Lender. ..
<br /> , .i' � . � In the eva►t of s tota!tatina af the Frqkrty.the proceods shaU be applisd to the sums secured by this Sacutity ,.
<br /> � - ;nsuunkat,�►hetber or aot th�n duG writh aay excs.tt paid to Borrower.In the evait of a partial taicing of the Property. •
<br /> . uokss Horra�►er u�d t.endtr MLenvise agec in writing,the swns secured by.this Security Instrumeat sha11 be redviced by _ '
<br /> ` � the amount of tht proce4ds mWtiptied��y the folloxing fiaction:(a)the totai amwmt of the sums secuted immediately
<br /> ; . .6efo�,e the taicina.dividied[ry(b}the fsir markd valae of the Property immediately befone the talcing.Any balance s1�alt be
<br /> • � paidtoBorrower.
<br /> � ' , If tbe Property is ahandondl by Bor�ro�wes,or if.after nauce 6y Lender to Hosrower that the copdersr�ar offers to • �
<br /> maice m gMUd or settle s claim for damages,Borrower fails to respond ta Lender within 30 days after the date the notice is
<br /> ' � givee.L�ender is auti�orized to wlkct snd ap�1y the proceeds,at its option,eit�er to ratoratian or repair of the Praperty or
<br /> � � to t1�e sums aecund by this Security Instn�mdit,�rhether or not then due. , .
<br /> � Unless Lrndec�nd Borcower otherwise sara in writing,any�application of proceeds to principal shall not e�ctead or
<br /> ; # pastpone the due date of the monthly paymeRts referrod to in pacagraphs t and 2 or change the amount of such payments.
<br /> ! � 10 Boerowar Not,Rek�s�.d; Forbear�sce By Leader Not s Wit�er. Extension of the time for paynient or
<br /> � modi8carioa of amorti�arion a€the sums secared by this Security Instrument�granted by Lender to any succrssor in ,
<br /> ` interest of BorroRer stiall not operate to release the liability of the osiginal Barrower or Borrowsr's successars in iaterest.
<br /> '; I,ender shall�nat be reqoirtd ta commenct procadings against any successor in interest or refuse to extend timc for
<br /> � . ; psyment ar otherwise madify amortization of the sums secured by tbis Seturity Instrument by reasan of any demand made
<br /> '• by tHe ori�inat Borrower or Borrower's successors in interes�Any forbearance by Lender in exetcising any right ar remedy
<br /> ' ahaU not be a wraiver oPor prectude the�xercise af any right ar remedy. ` .
<br /> li. Sa�ca�a�s a�d Mti�t Bo��Joint aud Se�eral Idahility;Co-algn�rs.� The covenants and agreements of . ;
<br /> ; . this Struciry Instrumrnt shall bind su�d be�fit tha successors and assigns of Lender and Borrawer.subject to the provisions
<br /> � ; of parsgraph 17.Bonower's c4venants aa+�agreements shall be joint and several.Any Borro9ver who co-signs,this Security
<br /> . Instr�meat but does not execute the Nat��a)is co-signing this Securiry Instr�:=�ent only to mortgage.grant and convey � .� - -
<br /> " that Borcower's interest in the Property�aader the terms of this Security Instrument;(b)is not personally obtigated to pay
<br /> � the sums secured by this Security Insuument;and(c)agrces that Lender and any other Borrower may agree to eatend, � "
<br /> � modify,forbear or make any accommadations with regard to the terms a e�is Security Instrument or the Note without , �_
<br /> i that Barrower's consen�
<br /> I iZ. Lt�Ch�rga. If the loan socwed by this 5ecurity lnstrument is subject to a laa which seu maximum loan • :_
<br /> � . i chargCS. a4r►d that law is finally interpretod so that the interest cr other loan charges coltected or to be collecud in '
<br /> � connection with the loan eacad the perenittod Iimits, then: (a}a�i such toan charge shall be reduced by the amaunt ' '�f
<br /> ! neeessary to reduce the eharge to the pe�scs�tied timit;and(b)any�s alr�idy collected from Borrower which eaceeded ; �
<br /> � � pennittod limits aip be refunded to Borrower.I.ender may chaose to m�x��:s refund by reducing the principal owed
<br /> " r i �under the Note or by making a direct paymtnt to Ba►_rc�wer.If a refund reduces principal,the reduction wiU be treatcd as a �
<br /> � � partial prepayment without any prepaymecxt chargr under the Note.
<br /> 1 i3. I,�egislallon AliecNng Leade�s RtgLb. If enactment or expiration of applicable laws has the effect of
<br />• � rendering any provision otthe 1Vote or this Socurity Instrument unenforceable accarding to its terms.Lender,at its opt��,
<br /> ; may roquire immsdiate payment in full of all sums secured by this Secarity Instrumer�t and may invoke any remedies
<br /> � � permitted by paragraph 19.If Lender exercises this option.Lender shall take the steps speciRed in the seco�d paragraph of .
<br /> , paragaph 1'7. . � ,
<br /> ` 14. NM�ices. Any notice to Borrcawer provided for in thrs aecurity Instrument shaIlC toe given by delivering i1 or by
<br /> . � mailing it by fitst elass mail unless app:;cable law requires use of another method. The:��zice shal! be directed to the �.�,
<br /> � ; Property Address or any other address Borrower designates by notice to I.ender.Any notice to Lender shall be given by
<br /> ; first class mail to Lender's address stated herein ar any otber address Lender des�gnates by rrotice to Horroaer.Any natice .
<br /> ? providod�'or in this Sacurity Instrument shall be deemed to have been given to Borrower or ixnder when given as provided
<br /> in this paragaph. �
<br /> ' iS. Ca�etaiog I.sw;Severability. This Security lnstrument shall be governed by federal law and the law of the
<br /> � � jutrsdietion in which the,Property is located.ln the everiit that any provision or ctause of this Security lnstrument or the ��----�-�-��- �
<br /> `; � N�te wn8iets with applicable law,such conflict shafl not affect oiher provisions of this Security lnsirumenl or the Nate
<br /> � ; which can be given effect without the conflicting prov'ssion.To this end the provisians of this Security Inslrument artd the
<br /> � - Note are declared to be severable.
<br /> .. � , 16. Batsower'a�Copy. Horrawa shaU be given one confotmed copy oP the Note Zr:�oP this Security Instrument.
<br /> ' � 1?. Traas[er ot t6e Property o�a Benefleial Interest in Borrower. lf all or any part of the Property or any
<br /> � interest in it is sotd or tran�fe:ced(or if a bcneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> : , ' person}without I.ertdet`s�ric!written ecrosent,Lender may,at its aptian,reuuire immediate payment in full pf all sums
<br /> • _ securcd by this Sccurity Instrument. However. this ortion sha11 not be exercised by Lender iP exercise is prohibited by
<br /> federal!aw as of the date of this Stcurity Instrument.
<br /> � Ii'Lender exercises this option.Lender shall give$orrowet notice of acceleration.The notice shall provide a�reriod r'--_--'
<br /> � � a�not less than 30 days fram the date the notice is delivered or mailed within which Borrower must pay all sums secured by % ,
<br /> � : tRis Security�nstrument.lf Bonower fails to pay these sums priur to the expiration of this period,I.ender may imcke any �
<br /> _ - -- ��enteGies pesc�ted by t�s Security Instsument v�iti�out€urtt�cr�=cc or dcmanc#vr.&srrowcr. -
<br /> ; 18.Hosro�re!'s Rigbt to Reins4te. !f Borrowet meets ce�ain conditinns.Borrower shall have the right to riave . � f ,
<br /> enforcement of this Securfiy,lnstrument discontinued at any time pr.or to the earlier of:(a)5 days(or such oiher period as , .
<br /> • a�plicable law may speci�'y�or reinstatement)before sale of the Prope�y parsuant to any power of sale rontained in this � 1a
<br /> ,Sera�rity Instrument;ar(�y�entry of a judgment enforcing this 5ecurity�r.s:,�.:+^:ent.Those conditions are that Borrower:
<br /> � t�) p�ys Ltnder�Il sums which then woutd be due under this Secvrity Ittstrument and the NFote had no acceleration
<br /> ' occurred; (b)cures any defaWt of any oiher covtnants ar ag,�eemenis; (c}pays all expenses incurred in enforcing Ihis� �
<br /> 5ecurity Inst€=.r�ent,incIuding,but noi limited ta,reasonable attorneys'fees:and(d)takes such action as Lender may �y
<br /> - reasonably reqr:ire ta sssure that the lien of this 5eeur+ty.lnstse�ment. Lcnder's tighE�in the Pr�perty and Bonotiver's � ' �N
<br /> dbligation to pay the sums secwed by this Security Instrument shalt con;inue unchange�f. Upon reinstat€ment by �
<br /> � Horcow�r,this 5ecurity Insttument nnd the obligati�ns secured hereby shall remain fuUy effective as if no accrletatit�n h�d `
<br /> � � �� � � oc�urred:Hawever;thi�rigt�t ta reinstate-shall not apply in the case of acceleration nnder paragraphs 13 or 17. �
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