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89--. 101498
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the ptimiums required to maintain the insurance in eii'ect until such time as the requirement for the
<br />insurance terminates in ar. ordence with Borrower's and Lender's written agreement or applicable law.
<br />& Inspection. Lendtn) or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notic-eat the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. Tsrtgroceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other. taklhia-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 tul:iiig of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or riot th n.due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender othmt .44se agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the procovds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) tlikfair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is ahandoaad!by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim f lv#amages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collitAiand apply the proceeds, at its option, either to restoration or repairof the Property or
<br />to the sums secured by this Sezurit,r 1ustrument, whether or not then due.
<br />Unless Lender and Bormmmotherwise agree in writing, any application of proceeds to principal s( all not extend or
<br />postpone the due date of the morilhl!t- gayments referred to in paragraphs 1 and 2 or change the amount o: such payments.
<br />10. Borrower Not Reltmodi orbearance By Lender Not a Waiver. Extension of the time for payment or,
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in .
<br />interest of Borrower shall not operate to,release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amorthxAtian of the sums secured by this Security instrument by reason of any demand made
<br />by the original Borrower or Barrowee6successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the anercise of any right or remedy.
<br />11. Sucomors and Ass9gnn Bound; Joint and Several Liability; Co- signers. Vie covenants and agreements of
<br />this Security In.v_�r-ument shall bind and�lenefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrowers envenantvand agreements shall be joint and several. Any Borrower who co-signs this Security
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<br />Instrument but do;.s not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
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<br />that Borrower's inti=tst in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums sccurad by tfttt. aecuiit r-tnstrrment; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify. forbear or maize .any. accommodations with regard to the terms of this Security instrument or the Note withoutr
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<br />that Borrowers consi:nt:
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<br />12. Loan Charges. If ilia loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is. finallk, 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 Crom Borrower which exceeded
<br />permitted limits will be rKunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by mahitig 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. LeghAutio'wAffecting Lender's Rights. if enactment or expiration of (Te
<br />- app1cable laws has the ect of
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<br />rendering any provision of the Note or this Security Instrument unenforceable according tci its terms, Lender, at its
<br />may require immediate payment in full of all sums secured by this Security instrument and may invoke an
<br />permitted by paragruph 114 If Lender exercises this option. Lender shall take the steps �,p c:fied in the second paragrapfq OF
<br />paragraph 17.
<br />14. Notimv . Any notice to Borrower provided for in 'MN Security instrument shad be given by delivering jc or by
<br />mailing it by first-class mail unless applicable law rec ::i ;res u:,e of another method. The notice shall be directed to the
<br />Property Addles or any other addn;ss Borrower d_siin,3tes by notice to Lender. Any notice to Lend, :r shall be given by
<br />fist class mrail,to Lender's address stated herein or ar_y other address Lender designates by notice to iircrower. 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 pit ragmpl'c.
<br />15, Govf :erring Law; Severability. This Security lnstrurr-ant shall 'be g. ,: rn a1 i ;,: federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provisic,ti - _,: 6a L., 1-s Secu �.t} instrument or the
<br />Note canflicts with applcable law, such conflict shall not affect other pro%isi a ., of this aw:ariiy Irr :.try ment or the Note
<br />which can be given effect wo hour the conflicting provision. To this. end the provisions ofc1--..4 Security instrument sad the
<br />Note are dada r Ord to be set'.;:rable.
<br />16; Barrower's Copy. Borrower shall be given one coti armed copy of the Net&: nd oft his Security Instrwnent.
<br />17. Transfer of t1tF Vrgperiy or ai Beneadal Interest in Borrower. If ail or any part of the Property or any
<br />interest •in it is sold or trantdarred (or if a beneficial Interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) - without Lender's prior written consent. Lander may, at its option, require imme ;'ate payment tit full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by L e ittm if exercise is prohibited by
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<br />foclvilld;.w as of the date of this Security Instrument.
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<br />lf'Lender exercises, this option, Lender shall give Borrower notice of acceleration. The notice shall provides period
<br />of nnl*ss. than 30 days front ifte date the notice is delivered or mailed within which Burrower must pay all sums secured by
<br />this Security Instrument. Iff?orrowcr fails to pay these sums prior to the expiration of this period. Lender may invoke any
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<br />remadf s permitted by this Sec; a' ty Insifuitletd without fur iher notice or demand on Borrower.
<br />1111, Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower shall have the right To have
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<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such ether period as
<br />law
<br />applicable may specify for reinstatement) before sale of the Property pursuant to any power of sale coaitauaed in shn
<br />- -cunty Instrument, or (h) entry of a judgment enforcing this Security Instrunictit Those condition~ arc that Borrower:
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<br />(tai pays Lender all sums which :hen would he due under this Security Instrument and the 1i()tc had tit, accrleratnna
<br />ue:curred. (h) cures any default of any other covenants or agreements; (c) pays alt exprntic% intoned in ci f„rcing tilts
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<br />Security instrument, including, but not limited to, reasonable attorncy,, fees. and tell take, ouch action .t% I ender tnav
<br />reasonably tes(wre to assure that the lien of than `_1cs:urrty Instrurnert, d rimier', right, ni rho- oral Iai,rnnacr's
<br />obhbahon to pay the Sums secured by this Security Instnarnctit .hall auooluc umcltang.-d t'pmf tem,lahvnrot i'�.
<br />thim,uer.ftsSe_utoy Instrument and thcvbhgatums securest her_t,y shallrencam fullvciic,I"(. a, It tit, at aetctaC,(nt had
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<br />c cizurtcd Floe cver, thP, rii ;ht u. rcanstate shall not apply ut thc.31 re of i,_" cter.ati"rc wider pal'wla" il4 t I, a t '
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