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<br />89-- 101,193
<br />t 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 terminates in accordance with Borrower's and Lender's written agreement ar applicable l:lw.
<br />9. 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 Oe sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to. $rrrrower. Ia the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in wt .tiag, tine sum;. secured by this Security Instrument shall be reduced by
<br />.tile amount of the proceeds multiplied by the (a) the total amount of the sums secured immediately
<br />before the taking, divided by W for fair market gale; ec� he. Property immediately befem the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned- by Borrower,.. i% after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, BorrO`4sier fails'to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply tai rp- weeds. at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, wli.L -5eror net then due.
<br />Unl6cs bender and Borrower otherwise agree iii Yit;ni ;. application of proceeds to principal shall not e:ctehd or
<br />pestpone.0tedue date of the monthly payments refrsti:di t,3tr, e�".4raphs 1 and 2 or change the amount of such payments.
<br />i .• Borrower Not Released-, Forltearaarrr;&, .ender Not a Vlrtfti i x;:asjan of the-time for payment or
<br />Tzois`bd toh of amortization of the sums secur&:t;:,y' this Security Instrim. &t grmi.6_1 by Under to any successor in
<br />rnz1� of-Borrower shall not operate to m' Or - ,lability of the original ft.rrcwer %.r S, rrower's successors in interest.
<br />Lender shall not be required to comm_(_-,.=j,,,r=edings against any successor in imr..;�t or refuse to extend time for
<br />payment or otherwise modify secured by this Security Instrurt:ezt by reason of any demand made
<br />by the original Borrower or Borrower's'sti:sess�is;�z ;interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise t fen, right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Cc- signers. The covenants and agreements of
<br />this Security lnstrument shall bind and bt zhefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants anti: agreements shall be;;cint . and several. Any Bocsower who co -signs this Security
<br />Instrumc t. but-dm not execute the Niat+: fa) is co- signing this."-- rity- Instrument only to mortgage, grant end,convey,
<br />that Borrower's interest in the Property under the tl.rms of this.Seciirit; air.strument; (b) is not personally obligated to pay
<br />the sums secured by this Security Innstr ment; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommo4ations with regard to the terms of this Security li nstrument or the Noir uithout
<br />that Borrower's consent.
<br />12. Loan Charges, If the Icaa secured by this Security instrument is subject to a lave which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collec:o& in
<br />connection with the titan exceed the permitted limits, then: (a) any such charge shall be reduced by the anraunt
<br />necessary to reduce the charge to the permitted limit; and (b) any sums alrtedy collected from Borrower which exaseded
<br />permitted limits will be refunded to Thrower. Lender may choose to make Ohl-'A re`enJ 6y reducing the prir6p3l creed
<br />under the Note or by making a direct payment to Borrower. If a refund reduyes principal, the reduction will be trevted as a
<br />partial prepayment withou: 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 />noaderng any prevision of the Note or this Security instrument unenforceable according to its terms. Lender. at its option.
<br />may requim immediate payment, in fulf of all sums secured na .;his Security Instrument and may invoke any rim tdies
<br />permitted by paragraph -l9. if Lendercrercises this option, Le ;u :t shall taktthe step~ specified in thesecond paragraph of
<br />paragraph 17,
<br />14. Notices. Any notice to Borrower provided for in this Security. F.:r�trumeni .shall he given by delivering it or by
<br />mailing it. by first class mail unless upplicable law requires use of another method. The notice shall be direct,d to the
<br />Property Address or any tither ad'drC;,. Borrower designates by notice to Lender. Any notice to Lender shall by
<br />first class mail to Lender's address s`3cud herein or any other address Lender designates by notice to Borrower. .4 n k- notice
<br />provided for in this Secur tv Imrr um,nt shall be deemed to have been given .o Borrower or lender when given as provided
<br />in this paragraph.
<br />15. Governing law; S werwU,!1ty. This Security Instrument shall be governed by federal law and t} 'eta :,f tb,-
<br />jurisdiction in which the Property ts> (�:u:ated. In the event that. any provision or clause of this Security Instruir::i ;t : „� ill.-
<br />Note conflicts with applicable law, rah conflict shall not affect oilier provisions of this Security Instrument v,r FPh_ Note
<br />w iiich can be gi%er: afit•o without the conflicting provision. To this end the provisions of this Security Instrur _ni and the
<br />'state are declared to be: yr erable.
<br />16. BorroweesCopy- Borrower shall be given one conformed copy of the Note and of this Security Imi ru{nent.
<br />17. Transfer of the Property or a Beneficial interest in Borrower. If all or any part of the Property or any
<br />interest in it :s ,old or transferred (or if a benefivial interest in Horrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not he 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 Borrower notice of acceleration. The notice shall provide if period
<br />of not less than 30day4 from the date the notice is delivered ormailed within which Borrower must pay all +uni.,ccurcd by
<br />this Security instrument. If Borrower fails to pay these sum,; prior to the expiration of this period, Lender may ir,•.oke any
<br />remedies permitted by thi.. Sectinty Instrtument vvithout further m:ti:_c twd.cmand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower meet% certain conditions. Borrower shall hale the right to hale
<br />enforcement of this Security instrument di xontinued at any time prior to the earlier of (at s days (or such other period its
<br />t applicable law may specify for reinstatement) before sale of the Property purwart to any porn of %tile contained it: thi.
<br />L Security instrument; of (b) entry of a judgment enforcing this Security inrtruniem fho.e con111110r,s ate 111.1t l;.)rrnuVer
<br />faf pays Lender all %uriv. which then would he due under this Seturit: histnnsent anti the %o t. had m, .rttclrratinn
<br />occurred. (b) cures any default of any other covenants or agreement.. Id-) pay. all cispcmc• nit urrcd n1 rocs i.ni: ih ;.
<br />Security In "trument. Including, but trot hnnted to, reasonable iimiroev%' fces..ii d lclr tako..t,L Is .t. a, :r .i. I emus% rt;,is
<br />reasniiabty requue it; assure that the lien of this Security Instruirwin. !.chiles': tie:ht. ill Illc ft1•►•ci ..1n,: I:.aIoArr <
<br />obligation to pay flic Burns %ci;urcd by this Security In%trtiment .hall Li'm ;:_ tin- Fia11 ,,v 1 t'l t,ii 1� 14 "r,11 -un;nr i,•.
<br />Ifttrr,,%cr. this Se-1111%. Iii%trutnent and the i,hhgaIIo11%sec:un.d heteb.. shall remain lui,% < ic. w.t .t•, i; ur
<br />oc,:utrcd H at�tr. till. light il lteinstate shall nia apply iiiili v,au•.4,,, too .r.,it,r,'111;4t ;asmrtil•i1,' {
<br />of
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