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<br />89-- 101170
<br />If Lender required mortgage insurance as a condition of making the loam secured by this Securi+.y Enstrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such titre as the requirement for the
<br />insurance terminate., in accordance with Borrower's and Lender's written agreement or applicable law.
<br />B. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation or other taking of any part of the Property. or for conveyance in lieu of condemnation. are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the stuns secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secure by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction- (a) the total amount of the sums secured immediately
<br />beOcte tL-e taking, divided by (b) the fair marker value of the Property imr:adliateiy before the taking. Any bakince shall be
<br />pail to Wwrower.
<br />if the Property is abandor.ed by Borrower, or if. after notice by Lender to Bomower that the condetnror ofers to
<br />make an award or settle a claim. Cor6mages, Borrower fails to respond to Lender within 30 days after the date thriwiis a is
<br />given, Lender is authorized to co,9= and apply the proceeds, at its optics,: either to restoration or repair of tke 1 1" tyl oz ..•
<br />to the sums secured by t>iv: s Sear 4+ Instrument, whether or not then di J-..
<br />Unless Lende: and Boar , otherwise agree in writing, any apps ca.=ion of proceeds to principal shallwteG z're`tid 6;
<br />postpone the due date of the mendAy payments referred to in paragraphs 1 and 2 or change the amount of s;�r payments.
<br />16. Burrower Not Rele�e;* Forbearance By Lamer Not a Waiver. Extension of the time far.pyment or
<br />modification of amortization of the secured sums sec by tE {:s Swurity Instrument granted by Lerder'ea any successor in
<br />interest of Borrower shall not operate to release tb: liatiEty of the original Borrower or in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or •n &a- to extiri! time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by rez4-en of any detrwand made
<br />by the original Borrower or Borrower's success! ?rs in interest. Any forbearance by Lender in exercisf ig any right or remedy
<br />shall not be a waiver of or preclude the exercise iifany right or remedy.
<br />11. Successors and Assigns Bound; Jda3 and Several Liability; Co- signers. The covenants and agreements iii
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, 5Rl-bjrct to the provisii; r:,
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower %s ho co -signs this Securi :j•
<br />Instrument but does not execute the Note: (a) is co- signing t'zis Security Instrument orly to mortgage, grant "d, convey
<br />that Borrower's interest in the Property under the tn_rr_;s of this Security Instrument: (b) is not pe ovally obit :rd to pay'
<br />the sums secured by this Security Instrument: and (c) a.;%-es that Lender and any other Borrower- rsay agree to extend,
<br />modify, forbear or make any accommodations with rc�a «n,.d to the terms of this Security Instrurir ,^ cr Ch Not without
<br />that Borrower's consent. .
<br />12. Loan Charges. If the loan secured by this Security instrument is subject to a law which ;et, rsvnmum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collect.. iJ ci; ter fat; collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be iral,: 1, the amount
<br />necessary to reduce the charge to the permitted limit, and (b) any sums al-: eady collected from Borrbn er r,.lii .1-r. exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to rrake this refund by reducing the prirrtahal owed
<br />under the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will it Fm ated as a
<br />partial prepayment without any prepayment charge under t :le•1V re.
<br />13. Legislation Affecting Lender's Rights. If evaciment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security instcumtcrr urerfarceable according to its terms. Leader, zr. io t•.ption,
<br />may require immediate payment in full of all. iui1]-s secar-• e,1 f y this Security Instrument and may invoke ar% m-medies
<br />permitted by paragraph 19. If Lender exercises 1fitis cf tioti. Lender shall take the steps specified in the second T•rr, grade of
<br />paragraph 17.
<br />14. Notlees. Any notice to Borrower provided for in this Security Instrument shall he given by deli%ering a or Cap
<br />mailing it by first class mail unless applicable law requires use of aort.ier method. The notice shall he direr; .A to the
<br />Property Address or any other address Borrower designates by tlat:ee to Lender. Any notice to lender shalt tte given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been gr.rn tit Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. Thit, r,murity In1lMalent shall he governed by federal law and the law of the
<br />jurisdiction in which tfie Property is located. In the event taut any prr'vi%mil or clause of this Security Instrument or the
<br />Note conflicts with appacable law,. such etitilitct shalt not affect other provisions of this Security Instrument or the Note
<br />which can be given effe t aithrut the conflicting provision. 14 this end the provisicnn of this Security Instrument and the
<br />Note are declared to fie set,erable.
<br />16. Borrower's-Copy. Borrower shall be given one conformed onpy of the Note and of this Security Instrument.
<br />17. Transfer oI the Property or a Beneficial interest in Borrower. If all ear 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 tron.4crred and Borrower is not a natural
<br />Person) without Lender's prior written content. Lender may..at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument- However, this optiun shall not be exercised by Lender if t-xercise is ptonibited by
<br />federal law as of the der of this Security Instrument.
<br />If Lender exercises this option. lender sltulligive Ecirrower notice of acceleration. The }: is:i- hall pros i • ;e a period
<br />Of nql less than 30 days from the date the notice is delivered rr mailed within which Borrom cr tr.;a;t ratty all sums - .•cured by
<br />this Set ur ty Instrument. If Borrower fails to pay these sums prior to the expiration of ihi- pznisz. Under may invoke any
<br />rc:raedies permitted by this Security Instrument wititout further notice or demand on Borrower.
<br />113. Borrower's Right to Reinstate. It` f3tirrower meets certain conditit ins. llornmer shall have the right to hare
<br />enforcement of this Security lnstrument dutiuntinued at anytime prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law ma} spectfy for reinstatement) before salt: of the Prtperty pursuant to any power of sale contained to this
<br />5ecunt} instrument: or Ili) entry of a lodgment enforcenN tins Secants instrument ?bete conditatns arc that Burrower.
<br />(a) pays Lender all sums which then %ould he due under this Security Instrument arid the Note hall nn Ucclerattoti
<br />occurred. (ht cures any default of any other covenants (it agreements. fc) pays all eapenses incurred in enforcing this
<br />Security lnstrument. including. but riot limited to. reasoriahl -v attorneys' fees and (di taker ;uch'ectu,n as l.etider etas
<br />reatnnahlr tequire t.) ;asst,re that tite hen of thy. Srcurtt, N'Itutiterit. 1 vrJt.r's iig•his to tli;.' Prol%ttt_v anJ K •mower's
<br />oi,figatmn tr• pay the steals secured N. this Sv4:ur1ty Iosttuutcnt 01.111 .t ntur,te tin; hanged Vrt -n rrin ;taicoww I,v
<br />!f:•rtt,ucr. tht,ticcurit} 1' sttumentandthct >Fhsatinn :tcutreeth {t h, Lhtlirtm.tm'ully .fl'e�itt ;tttfn.,,itc;to-r . air . ni,.i,!
<br />krod H wrvr•. this r:(ht rt,tecr siulC shall {,+ t:1`(Il to rh ; a ;; ,�•,• t c!% r,ttn nr '• r :.r.... :r.y h; t ; i"
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