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<br />9 101526
<br />If Lender required mortgage insurance as a condition of making the loan %e4ur-:d by this Security instrument.
<br />j Borrower shall pay the premiums required to maintain the insurance in ei ce.1 until such time as the requirement for the
<br />insurance terminates in accordance with Borrower %and Lender's wnttrni agreement or applicable law,
<br />S. 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, dirlvt 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 he applied. to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the ewmf 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 multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Proper% immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Ixnder. to Burtu%ver that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 3C days after the date the n-utice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option..either.to resrcrstion or repair of the Property 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 application of process to principal shall not e., czcnd or
<br />postpone the due date of the monthly payments referred to in paragraphs I - and'2 or Chan& the amount of such payments.
<br />10. Borrower Not Released; Ferk;.arance By Lender Not a Waiver. Extt:I boon of the time for paymeent or
<br />modification of amortization of the sums secured by this Security- Instrument granted by Lender In any succtissor in
<br />interest of Borrower shall not operate to the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be require to comineaw, ppac eJings against any successor in interest or refuse to extend rune for
<br />pANment or otherwise modify amor!i to :ern ef iho slims secured bit this Security Instrument by reason ofany dernand made
<br />Ise the original Borrower er HorroweF �sruccessors in interest. Anvi forbearance by Lender in exercising any right or nzmedy
<br />shall not bea waiver of or predudd tlieererl :ise afanr- right or remedy.
<br />LL - Successors anti AS5igtts 6umti; Joint• of d Several Liability; Ca-s�gners. The covenants .ard kereements of
<br />tlh !_& rity Instrument shall bind and benefit the successors and assigns of Leader and Borrower, subje- oc; is: provisions
<br />ofparagr'aph 11-, Borrower's covenants and agreements shall hejoint and several. Any Harrower who this Security
<br />Instrument �ut:does not execute the Note: (a) is co-signing this Security Instr•amtttt craw to mortgage, grant a—d convey
<br />that Borrower § interest in the Property under the terms of this Security Instrument, (b; y s rat persor3Jly obligated to pay
<br />the sums secured by this Security Instrument, and (c)iagrees that Lender and any other Borrowe_- Tay agree to extend,
<br />modify, forbear or make any aceommodationv with-regard to the terms of this Security r-strumert cr the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. if file loan secured by this Securiti instrument is subject 10a. law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interd�so 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 from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may cl.,ntise to make this refund by reducing the principal owed
<br />under the Note or by making a diftect payment to Bon; �,tr'r.r. Ifs. refund reduces principal, the reduction will be treated as a
<br />partial prepayment without>any.prepayment charge -.1x'4 cr the ;vote.
<br />13. Legislation. Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of
<br />rendering any provision ,af-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 19. If Lender exercises this option, Lende.1 — :4a 11 take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower prataded for in this Securtt y [nmrument shall be givep i -y delivering it or by
<br />mailing it by first class era& unless applicable law requires use of snot ;,:r ,nethod. The notice shai: be directed to the
<br />Property Address or any cthcr address Borrower designates by notice to Lender. Any notice to Lender shall he given by
<br />first class mail to Lender's address stao_d herein or any other address lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall he deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Lath;. Sieverability. This Securny Instrument shall bt; governed by federal law and the law cif the
<br />jurisdiction in which the r ,;F :erty is located. In the event that any provisioa ,)r clause of this Security instrument +;r the
<br />Nate conflicts with applicable law, such conflict shall not affect rather provisions of this Security Instrument or the tiote
<br />which can he given effect without the conflicting provision. To this end the provisions, ,)f"th:s Security Instrument anti he
<br />Note are declared to he several 1c.
<br />16. Borrower's Cop; . R rover shall be given one conformed copy cf the -Note and of this Security In%trument.
<br />17. Transfer of the Property or a Beneficial interest in Borrower. 11`311 cr any part of the Property or any
<br />interest in it is sold or transferred for if a beneficial interest in Borrower k cold or transferred and Borrow er is not it natural
<br />person) without Lenders 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 a" of the date of this Security Instrument.
<br />If Leader exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than xp days from the date the notice is delivered or mailed ivithiii which Borrower must pay all sums secured by
<br />this Security instrument. if Borrower fails to pay there sums prior to the expiranon of this period, lender :nay invoke any
<br />remcdtcs permitted by tilts Security Imiturnent without further notice or demand on Borrower.
<br />18. 11orF0%c -<'t Rixhi to Reinstate. if kt 'rrower meets certain conditions. Borrower shalt have the rigilt to have
<br />enforc•enrcra of tills Security Instrument discoutlnue at any tittle prior to the ear!ter of: (a) 5 days for such• other peruut as
<br />applicable law may specify for remstaternent) before "ale of the Properi pursu ;rot to any poser of vale contained tlt 1111"
<br />Securtt} Instrument. or (h) entry of a judgine•nt c•nlitrctng this Security; In t :untent Tho"e ;ntiditiotls are that linrrouer.
<br />(a) iyays Lender all suers which tilt-" would he title under this Security instr anent anti rl;e Votc• h,tct no acaf lerattou
<br />oi.uncd. (hi curet mly default of .toy nthet coi- -nant" or agrectnel"', (c) pays all t:kPrrr"es incurred of entincmk tht" imp, —� accurst} Ittstrunu : "t. mcludutl'. but not IItlIIICII to, rc.rstnia)s)e .ntoru y "' fee.. and (d) takt•. suclr scttotl as i ender tivay
<br />real— mifily require t.t ,",tire that Ilie 114-1 of tiw. Se,(If11. itoIrtanicnt. I.cndvr's rwhtt in tilt !'v :•i•rryo .e "d Norrn�ter'"
<br />ftl!�atiun t:: p,t: tilt ,tilt}. ,.:_uittt by thl" ','�r111TV ins±rurttc "E shalt �i,ahnut cutalraanuttt 1 ;•,nr
<br />a` Ko r..uct ilw. sk to It,. Iowa uttu »t and tl:e t" tn�'.tR tttt nt h:
<br />r).it „it- mac, ntr,l ficitryt s,i.Iii r• tilt '1111%
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