|
F
<br />8s-- 100844
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect: until such time as the requirement for the
<br />insurance terimattes in accordance with Borrower's and ImWs written agreement or applicable law.
<br />. . L laqwedw Leader or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shtfl: givtBorrower noticest.the time ofor prior to on inqmdon specifying reas6bable cause for the inspection.
<br />9. Cankirmadw.- The proceeds of any award, or claim fordanages, d4rect or consequenti4 in connection with
<br />any:condemnatim or of-her taking of any part of the Property, or for conveylince in lieu of condemnation, are hereby
<br />assigned and ths1l b&p6dto Laukin.
<br />li:ft-evdi iiei tdiak sift, onhe FtQPerty., the u -be aWled totibe.s=s secured by this Security
<br />gpz taking
<br />wtrumelr� V4 11ii.,drinot duk wft flift-ftent d"Ir ,
<br />J of the Property, tiiy..tbiiSecu-M'Imm=mtshaffberedu6aby,
<br />the amountof the -(s�--
<br />(a), -dw- IntaLtmount, of the sums secured i=Madilday
<br />PM *Y f
<br />before the taking, dmWedby (b) i before the takilig. Any balance st�', be
<br />paid tUBorrower.
<br />If the Property is" Wiwi Aibjt Borrower that the condemmroffem to
<br />make anaward or settle a claim &.idwaagw, Lendir within 30 days after the daie*t notice is
<br />given, Lender is authorized to collect and-ap ciyok- it its-0�46ii either to restoration orrepair oftbe Property or'
<br />Vro � 1,4
<br />tothesumssecuredby thisSecurity Instriump-tt';',, . whithL-. 'knot t dXk--
<br />Unless LenderzadBorrower o ffiai' c6 a see in T4 vii±
<br />. P zmicipsl shall i%�t extend cr
<br />catioq of proceeds to
<br />postpone the due dateof the monthly paymisW.referredttr im.
<br />jungniplis I and 2 or cfnange the amount of such payments.
<br />110. BMW--= Not P-4caludV;, FG-46m -M W- E& �. r".. a Wal-mir. E-natsion of the time for payment or
<br />modification of a by nstruqi�nt Smined by L;csdcr to any successor in
<br />=r Wad tit t )L- Gums secured "
<br />interest of Borr a*%-, dW1 =f opmr.-a to nIque the liabM yo f-th
<br />, congind Boffawer.or Be-=vWs successors in interesL'
<br />Lender.IW not,lbc mq ta-==ende.jni
<br />vceefinpl* successor M. Cr..
<br />rmffjse to extend time for
<br />Y'tliiS see uAty I n s I M 1 6 = 1 r n j r zusm. e Eq ydtamd made
<br />by theod&-mv iii m-mwer or BOrrowesmMMumm iniftWAhi torbeargifee by Lender in CW: - rigkt'orremedy
<br />shall not be a waiveir ofor preclude the exerdw4A'amy right or remedy.
<br />11. Succeam wilAsalvas B=W,-,I`b1k1 and Several UW111y; CD-signers. IMe caveaints and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions
<br />ofparagraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note. (a) is co-signing this Security' Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the tam of this Security,.Instrument; (b) is not personally obligated to pay
<br />the sums sowed by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />It ImaCkiarga. It the loan secured by this Security Instrq'ment is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed 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 (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />readminS any provision of the Note or this Security Instrument unenforceable 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 any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the sups specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrurnint shall be given by delivering it or by
<br />mailing it by first clan mail unless applicable law requires use of another method TT:Y.- r. mt= shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Amy notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designalms by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Goverming Liaw, Severablilty. This Security Instrument shall be governed by federal law and the law of the
<br />jutisdiction in which the Property is located. In the event that any provision or clause of this Security instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />1% 11randerof tie Property or a Bewflefal laterestin Borrower. If all or any part of the Property orany
<br />interest in it is wM or transferred (or if a berAdal interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Under may. at its option, require immediate payment in full of all sums
<br />secured by this Security Instrumer;. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give WtTower notice tie. The netice shall provide a period
<br />ofnat lac than 30days from the date the notice i3dtlivend or rnriledwitiiin which Borrower must pay all sums accured by
<br />this Security Instrument. If Borrower fail% to pay these sums•prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without funf.tr notice ar demand on Borrower.
<br />It Borrower's Rialit to Reinstate, If JRoyrowtr meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instruizient discontifted as any time prior to the earlier oE (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before &A of the Properly pursuant to any power of sale contained in this
<br />Sautity instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(A),pays Leader all sums which then would be dut sander this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covetunis or agreements. (c) pays all expenses incurred in enforcing this
<br />Security Instrument. including. but not hinil-ed to, reasonable attorneys' fees. and (d) takes such action as Under may
<br />ressonsbly•fequire to assure that the hen of this Security Instrument. Lender's rights in the Property and Borrowers
<br />obligation, to pay the sums secured by t"- Secunly Instrument shall continue unchanged. Upon reinstatement by
<br />Borroweri this Security Instrument and the ob!iSAIL-s secured hereby shall remain fully effective as if no acceleration had
<br />occurred! However. this right to reinstate0all rya, 3y in the case of acceleration under paragraphs 13 or 17.
<br />7
<br />fy
<br />
|