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89- 101520
<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 terminaWin accordance with Borrower's and Lender's written agreement or applicable law.
<br />& Ingiecdon. 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. Condemustion. 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 sums 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 secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multip>;W by the following fragicsr. :. (a) the total amount v£ the sums secured imin.aHately'
<br />before the taking, divided by (b) the fir market value of t)z_ Prgi c ty immediately beCbm Elke taking. Any bala+soe shall be
<br />paid to Borrower.
<br />If the Property rs.�J���o1eJ? oy.Borrowee. :�� �, � � Jlicebg ���to BorrsAec tt -^� C,�retnl�er��;��s Lo.
<br />akemsaa�ardorsctt�t;s draLmfi cu Qes; era'w� iL t 'c c� r ii r� rRi �;r?d1�1sa�js :if—' trdate� �ne�ieeif
<br />• :i sPlie Lendrr, IS �.'T.`-.t7'OTL�8G� 4Y3'll'°. "+7Ye'[ i+{ :7,' . <.'.jw�'0 ,. of :.q. 7'.L�(�k 2L�lv•E'J.1: .f to om''i w:13 .T1•�1S`£ -
<br />lhni ti:rjjrJJ 13ki:'itll'r.'�` -kite LIIfiE� i_�- °!�G Ci UtAl'i2F't'G� 3i -
<br />m �..r„ ] orrAvi a �y�L is��: nae i .. _* tirys,• ±- zp}rs]�q;: aw�L of prose. � s t�1 -�ti y , E ' small rnic vt tFr
<br />tpor e th ::e Ft64'monthly paymerts.e?*ed to id para&- ]�s U mJ 2 or change tine nrsary�t a cF i, a, ? .;
<br />Borraw(r NbT •Released; Forbeammorv. By Lets Net 5 Extension of me dime for. roe ,,, iraat 6r
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<br />modtflcatron of arneruz2a:Aan of the sums seeu:r_ta,. by this Swunty msm —=ent granted by Lerij .r to any s xxessor to
<br />interest of Borrower sbafl) got operate to release she liability of the origir> -J .rSgrrower or Borrower .successors in interest.
<br />Lender shall not be re id to commence proceedings against any su=ic-�or in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 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 terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured 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 />12. Loan Charges. If the loan secured by this Security Instrument 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 t:ltarge'tt? the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be t4_iundcd to Borrower. Lender may choame to make this refund by reducing the principal owed
<br />under the Note orby y t,king a direct payment to llorrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment shame under the Note.
<br />13. Legislation Affecting Lenders Rights. If ena:.txnent or expiration of applicable laws has the effect of
<br />rendering 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 1.9. 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 be given by delivering it or by
<br />mailing it by first mail unless applicable 'aw requires use of another method. The notice shall be directed to the
<br />Property Address or a:.y other address Borrower designates by notice to Lender. Any notice to Lender shall be 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 given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction 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 />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 is sold or transferred (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, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Set a,-ity Instrument.
<br />If Lender exerWi�&;. this option, Lender sltlE give Borrower notice of acceleration. The notice sF.all provide a period
<br />of not less than 30 day^a: -c-i. the da :e the rr ti p i; delivered or mailed wit m -which Bnrrower must pay all sums sego: ed by
<br />this Secancy Instrument. If Dw—cww. Cm'ls to pay these sums friar to the exp iration r,`t ''s period, Lender ma;. j.- v :;xe any
<br />remedies•rermitted by this Securtli fimtrument without firth& r -,t`ce or demand on Borrower
<br />ga; :ikrrowiWs iU9k to RelnsWe. If Borrower mays cerrain oc; rr ttions, 2 ;!x—, ewer shall tave the ngrrn ,o have
<br />enforcement of this o me•*_ty Instrument discor,r..r`. :ed at any time prior c 1,C` a earlier of: (a) 5 days f D�, such other period as
<br />applicable taw may s}:xAjy for reinstatement) iii nrz sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment crorcing this Security instrument. Those conditions are that iiorrower.
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument. including, but not limited to, reasonable attorneys' fees; and (d) takes mach action as Lender ntav
<br />reasonably require to assure that the lien of this Security Instrument, Lenders rights to rite i e- -,,,erty and Borrower's
<br />obligation to pay the Sums secured by this Security Imlrutnent shall continue unchanged. U, -,(r rentst:uentent by
<br />iiorrower, this Security Instrument and the obltgattom secured hereby shall remain (idly effective as if - : acceleriturtt had
<br />occurred. However, this tight to reutstate shall riot apply in the case ofaccelerattnn under paragraph. 17
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