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<br />89-11. 101500
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Securwj 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 or applicable law_
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Plcperty. 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, director consequential, in.connection with
<br />any condemnation or. other taking of any part of the Property. or for conveyance in lien of condemnat:ien, are hereby
<br />assigned and shall be paid. to Lender. `
<br />In the event of a t tal taking a T tote Property, the proceeds shall be applied tit 6: sums secure: by this Security
<br />Instrument, whether or rot then due. va'lh any excess paid to Borrower. In the event of a partial [akin({ of the Property,
<br />unless Borrower and Lender otherwise aLt a in writing, the sums secured by this Sectimv instrument shall be redt.twd by
<br />the amount of the proceeds multiplied. IT the following fraction: (a) the total amount of the sum's secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abdadoned by Borrower, or if, after notice by Lender to Borrower that the condemnor rffmrs to
<br />make an award or settle a ctlrim for da+n3ges, Borrower fails to respond to Lender within. 30 days after the date ttv: xa'i^.z is
<br />given, Lender is authorized ;o collect and apply the proceeds, at its option, either to restar.-u;;ion or repairs of the Prk *sty or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any applimtiom of proceeds to principaisliall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instru;.ient granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrowers successors in interest.
<br />Lender shall not be required to commence proceedings against any succzssor in interest or refuse to extend time for
<br />payment or otherwise mo ify amortization ofthe sums secured by this Security Instrument by reason cfany demand made
<br />by the original Borrower or Borrowei s successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the, "ercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-k-.�pnery 1-be covenanmand agreements of
<br />ibis Security Instrument shall bistd and benefit the successors and assigns of L _der and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenarns, and agreements shall be joint and sera. al. Any Borrower who co -signs this Security
<br />Instrument but does not execute ti:e Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrowers interest in the Prc�-_r ...under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Secura }:nst'rument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />rivadify. forbear or make any asset nmodations with regard to the terms of this Security instrument or the Note without
<br />tf:_s Borrower's consent.
<br />12. Loan Charges. if the r. in. secured by this Security Instrument is subject to a law which sets maximum loan
<br />charge s.n+i: r,'hat law is S.nally inze:preted so that the interest or other loan charges collected or to be collected in
<br />cenrec- . >- %itli the loan exceed the permitted limits. then: (a) any such loan charge shall be reductul by the amount
<br />necessary to reduce the ch,.serge to the permitted limit; and (b) any sums already collected from Burrower which exceeded
<br />permitted limits will be reunded 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 cif applicable lativs has the effect of
<br />rendering any provision of the Note or this Security instrument unenforceable according to its terens. 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 steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or by
<br />mailing it by first class :mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or a�1; ,ether address Borrower designates by notice to bender. Any notice to Lender shall be given by
<br />r*St class mail to Lenc:e s address stattni rerein cr any other address Lender designate, by notice to Burrower. Any notice
<br />provided for in this Security instrimen t, shall be deemed to hw a liven given to Borrower tie Lender when given as provided
<br />in this paragrzr_'r.
<br />15. Governing Law. Several: This StLiArity Instrument shall be governed by fvdttral claw and the law of the
<br />lure sdiction in which the LI'mrem, is 'ocated. in th+: e,.ent that any provision or clause of this Security Instrument or the
<br />Nate conflicts with appht;L�Ka iau, su,.L conflict shall not affect .other provisions of this Security Instrument or the Note
<br />which can he: given effect without thy: conlicting provision. To thEs end the provisions of this Security Instrument and the
<br />Note are dealared to be severable.
<br />16. Herrrower's Cony. Rorrowsr shall be given one conformed copy of the Dote and of this Security Instrument.
<br />17. Transfer bf the, Property or a Beneficial Interest in Borrower. If all or any part of time Property or any
<br />interest in it is sold or transferred (or ilea beneficial interest in Borrower 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 sutras
<br />secured by this. Security Instrument. Rothe, er. this option shall not be excict%ed by la:nder if exercise is prohibited by
<br />federal law asof the dateofthisSecuntg Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The nonce shall provide it period
<br />of not less than 30days from the date the notice is delivered or mailed within which Borrower must pay ali sums secured by
<br />this Security Instrument. If Borrower fails to pay these sutras prior to the expiration of this period. Vender may Invoke any
<br />remedies permitted by this Security Instrument without further notice or demand nn Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. ilorrow•er shall I,a%c the riehi to have
<br />enforcement of this Security instrument discontinued at any titne prior to the earlier of. (a) c days (tit such othci Period it'.
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to .tray power of %alc t (untamed n, till.
<br />Security Instrument; or (b) entry of a judgment enforcing this Security hi%trumcnt. 'I hose cnntatr,mti .1rr 111.11 liorrovter
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note 11,111 rat• tcceleratton
<br />occurred; (b) cures any default of any other covenant% or agrepriwids. (e) pays all ctp;n%c: riu:urrett trl rutorivt} till.
<br />Security instrument. including, but not limited to. reason:rhlc stt+ttnry: fees; and id) t.tke, .oclt .r env: A% i ctrdrr tnar
<br />reawnably retlu1re to assure that the Gen of this Security lnstrunicut. I ender'-- right!. to thr Pi,,1•; rte ctrl Kra-. tt, r
<br />oblagetttln to pay the sums secured by this Security Insttuntcnt shatl continue un, hanl't'l t l t tt 1+ .n..ti: n:et,t ,.t
<br />$urntuer, this Security IitsIrunretrt aitd'mhe obligattom secured hcrchy shall rcr -mi tilIIII., Iiv, tI -t .t, t u,..,.. • "I I I. •tt 11.:.1
<br />,•,t'curied Iffnietcr, tilts rig-tit t„ retttmate Shall nut apply to ttic t air of ,t, , lrgtttt to it ru tk r to 1.,p r., l,l1. } ..1 i
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