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<br />89a; 101663, -
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<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 terminates iq accordance with Borrower's and Lender's written agreement or apphcable.law.
<br />8. 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
<br />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 Prlaperty, the proceeds shall be applied to the surss ►ecureJ 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 Bo: rawer 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 folitawing fraction: (a) the total amount of the Burns secured immediately
<br />before the tatting, 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 abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim forges, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lendcr is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to'the sumss=ured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otter wise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date or isle monthly rderred to in paragraphs I and 2 or change the amount of such
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<br />payments
<br />payments.
<br />10. Borrower fiot�lteleased; F,crbearass.e By Lender Nos a Waiver. Extension of the time for payment or
<br />m.odificatior. of amortization of the sums secured by this Security Instrument+ granted by Lender to any sussor in
<br />=t.-rest of borrower shall not operate io release the liability tip: the original Borrower or Borrower's successors in interest.
<br />'Lader
<br />shall not be required to commence pro:erdings against any successor in interest or ref.u.se to extend time for
<br />payment or otherwise modify amortization of t;oe I secured by this Security Instrument by re2sciic Fany demar;d.made
<br />by the original Borrower or Borrower's successors in interest. A .y forbearance by Lender i.-t exerc'km any right; or.. mnmedy
<br />'shall
<br />not be a waiver of or preclude the ea ercise of any right or r ntedy.
<br />11. Successors and Assigns :Sovmd; Jc -nt and Several Liability; C,-signers: Y'he covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Under and Borrower, swy ect to the g: siors
<br />of paragraph 17- l ,rrawees covenants and agreez=tsshall be joint and several. Any Borrower whoa co -signs this,,x.:,; r: i
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<br />Instrument but does not execute the Note: (a) is cc- signing this Security Instrument only to mortgage. grant aad�*,:onvey
<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 chat Lender and any other Borrower.rtay agree to extend,
<br />modify, forbear or make any accommodations wicb regard to the terms of this Security Instrumem.-ia-the Note without
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<br />that Borrower's consent.
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<br />12. Loan Charges. If the loan secured. ba "his Security Instrument is subject to a law wh'ic :f 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' {¢3 a ::fit such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted :itt:it; and (b) ar'n zJirzady collected from Borrower which exceeded
<br />•sr.:ms•
<br />permitted limits will be rstfunded to Borrower. Under may chcosz 'Ec, rnaice this refund by reducer,.; t4�e principal owed
<br />under the Note or by mailing a direct payment to narrower. If a• ref inn re 'uces principal, the reduction w'i"1 be treated as a
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<br />partial prepayment without any prepayment charge under the NNrIce.
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<br />13. Legislation Affecting Lender's Rights. If e�tactr;t: r. or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unerforzeable according to its terms. Lender,
<br />at its option,
<br />may require immediate payment in full of all s;um_s, secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises thtf� o, e- lion, Le ^der sha +tale the steps specified in t. °rc second paragraph of
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<br />paragraph 17.
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<br />14. Notices. Any notice to Borrotver prcvided form this Security ty instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable :art requires use of another method. The notice shad be directed to the
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<br />Property Address or an v other address Borroweir designates by notice to Lender. Any notice to Lender shall be given by
<br />+ftst class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.
<br />Any notice
<br />provided for in this Secunty Instrument shall be deemed to ha,ic been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing f.aw; Severability. 'Phis 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 Security
<br />provisions of this Instrument or the Dote
<br />which can he 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 he given one conformed copy of the Note and of this Security Instrument
<br />17. Transfer of the Property Ufa 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 Burrower is sold or transferred and Burrower is not a natural
<br />person) without Lender's prior written consent. Under may, at Its (,pinai. rcyuore uiuncdrad: payment in full of rill Wnis
<br />secured by this Security instrument. However, this option shall nut be exciciscd by Leader if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
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<br />if Lender exercises this option. Lender -,hall give Borrotver nonce of acceleralton. Pile nonce shall pro%ide a period
<br />of not less than 30days from the date the notice is delivered
<br />or mailed within which Burrower mtom Pay ail stinis securest by
<br />this Security Instrument. If llortow'er fails to pay these sours prior to till' expiration of this perUAI. l.cnder it ray tlo okc ant
<br />remedies permitted by this Security instrument without further notice or demand on Bormt.cr
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<br />M. lllarrowees. P -Ightt to P.elastate. If nerr -Mer mrci, t.ct lain ciniditrtins. Borrower shall rtutc rho right to 11.1'w
<br />enforcemeylt of this Security Instrument discontinued at any time pritir iti the earlier of: fa) 5 dot s (or such ( ithrr pertud d"
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<br />applicable law may specify for reinstatement) before sale of the Property pursuant to .uly lit, wcr (if N,', le tn-rt,ttnea u, rho;
<br />5eeunt} Instrument, or (b► entry of a Judgment enforcing This Security instrument
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<br />. t hose cnn(:hm is .ire t ii,it Hni:+ntrr
<br />(a) pays Lender all sums iwhrch then would he title raider this Securiq instrument ";,rid the *tote had 1 .,.t.,vitt,rtuin
<br />ne.u:red. (h)
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<br />cures any default of any other co%,criints or a,rcements. (c
<br />b ) pays all capenscs to.urtcd u, cutot+_Ilig tilt,
<br />stcurrty hnstruinert. Including, but not limited to. rcasoilahle atlottteyi fees. and (di takes such a�ticm a, 1 r ll,L%
<br />y
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<br />reatonabl) require to tiasute that the Iran of this Security" Institimes,t. tender's rights in the 1'rt ;.: st} oats li;trri,urr's
<br />tiFibgati,, :t tti pa) the sums %ccurcil b) this Security Itrttruntent Qlall conetnut tinch.itike l ii:
<br />:t (,;.;i rc, :nsr,sttrn t,t
<br />Fiior + +t,,er. till: s^ runt) lnztrunientafsd flit obligiihons wcurcd hcrchy shall rcman, fu'ty cfTecri%c as it n , cl: t,ntirn !n.ui
<br />,Ir
<br />ot. urtcd lin"""er. this right tn reinstate shallnotarpk in the Lam- If - 1LCeicratti +ti tlntrtr p.tr,,i;r,t;iht•
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