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<br />89-- 101886
<br />If Lender required mortgage insumn as a condition of making the loan semred by this Security Instrument,
<br />Borrower ft!) pay the premium required to maintain the insurance in erect until such time as the require merit for the
<br />insuranceterminates in accordatice with Borrower's and Lenders written agreement or opplicabk law.
<br />I. bmwetioa. Lender or its agent may make reasonable entries upon and insper iiva of the Property. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />!, C.eatlenaUka. The proceeds ofany award or claim for damages, direct cwconsequential, in connection witb
<br />any condeasnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned ad 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 />Imminent, whether or not then due; with any excess paid to Borrower. In the event of s partial taking of the Property,
<br />unless Borrower and bender otherwise agm in writing, the sums secured by this Security Instr untettt shall be reduced by
<br />the amount of the promeft madupiied by ft following fraction: (a) the total amount .:of the stems secured immediately
<br />before the taking, A by.N t16--rir market value of the PMerty immediately before the taking. Any balance shall be
<br />paidtaBorcower.
<br />1<ftbe Pea{ as abandmted bjr.Sumwer, or if. after notice by Lender to Borrower that the condemnor offers to
<br />make an sward or sak a claim for damages, Borrower flails to respond to Lender withirt 30 days after the date the notice is
<br />given, Lender is authorized to called and apply the proceeds„ at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Sectttitey Instrument, wbetheror not then due.
<br />Unless Lender and Becimw er otherwise agree in writing, any application of proceeds to principal shall riot extend or
<br />postpone the due dataaf the ==Wy payments referred to in paragraphs 1 and 2 oz change the amount of such payments.
<br />IM Boi rownt Not Released; Forbearance By Lender Not a Waiver. 1Emension of the time for payment or
<br />moditicatim of amortization of the sums secured by this SecvAy Instmment gutted by Lender to any successor in
<br />interesr cal'Borrower shall not iapeswe to release the liability of the original Borrumm cr Borrower's successors in interest.
<br />Lendr.shal1 not be required ,�aimmence proceedings against any successor fa w�ra:rest or refuse to extend time for
<br />payment or otherwise modify SM- ctlzation of the sums secured by this Security Inscnt by mason of any demand made
<br />by the original Bommer or Bo mwt is successors in interest. Any forbearance by Lender in eternising any right or remedy
<br />shall not bea waiver: rX-or preclude! the exercise of any right or remedy.
<br />11. Succemrs wad Am *# Bou4 Joint aad Several Liability, Cw*ners. The covenants and agreernents of
<br />this Security In=Wknt shiii'hfi f and benefit the successors and assigns of Leu dw imd Borrower, subject to the provisions
<br />Of paragraph 17. Bormwer's rnomx its and agreements shall be joint and severa. [may Borrower who co-signs this Security
<br />Instrument but dog'na, execute the Note: (a) is co- signing this Security, Instrument only to mortgage, grant and convey
<br />that Borrower's inW= in the Property under the terms of this Security. Eastrument; (b) is not personally obligated to pay
<br />the sums secured by this Secarity Instrument; and (c) agrees that Lender and any -other Borrower may agree to extend,
<br />modify, forbear or make anyv a=mmodations with regwd to the terms of this S=rlty Instrument or the Kvte without
<br />that Borrower's consent.
<br />12. Loaa Charges tf the loan secured by this Security frLq rancr!t es V114sct to a law which sets maximum load
<br />charges, and that law is finally interpret 4 so that the interest alr l3dus loan charges collected or to be collected inn
<br />connection with the loan ex-cted the permitted limits, then: (a) any such loan tatarge shall be reduced by the amount
<br />necessary to reduce the charge ro. the permitted limit; and (b) any sums already cralImed from Borrower which exceeded
<br />permitted Emits will be refirn-die3 to Borrower. Lender may choose to make taix: m-fund by reducing the principal owed
<br />under the Nots or Ibymaking a direct payment to Borrower. Ka refund reduces prindpal, the reduction will be treated as a
<br />partial prepayment %x Aout any prepayment charge under the Note.
<br />1'J. Legisladom Medial Lender's RIjhta. If enactment or expiration of applicable laws has the eftect of
<br />rendering any provision of the Note or this Security Insrn ment unenforceable a=r df ng to its terms, Lendeaf at its option,
<br />may tequire immediate payrnent in full of all sums s=had by this Security laserument 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 Instm. memi shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another mer dal Line notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class maid to Lender's addressstated 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 Bo7rower or Lender when given as provided.
<br />in this paragraph.
<br />1B. Graltraws Law,- ssrt.rabillty. This Security Instrument shall be govextied by federal law and the law of the
<br />jurisdis:tifsrh in which the Propm.'y is located. in the event. that any provision or clause of this Security Instturrtent or the
<br />Note cottlku with applicable law, such convict shall trot• affect other provisions of this Security Instrument or the Note
<br />which can he given elect without the cortllk -Ung provision. To this end the provisions of this Security instrument and the
<br />Note are dectarod to be severable.
<br />16. Borrower'i Copy Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Transfer of Ole Pr,.V y or a BeseRcial Interest In Borrower. if all or any part of the Property or any
<br />interest in it is sold or slim mi-e (or i!a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Leod!p't, prior written consent, Lender may, at its option. require immediate payment in full of all sums
<br />st ='tared by this Setwh, Instrud:mL However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of [bier Security Instrument
<br />If Lender exercises this option, Lender shall give Borrower notice ofacseleration. The notice shall provide a period
<br />of not less than 30 days from tbtdate the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Harrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Security In3trument without further notice or demand on Borrower.
<br />lt. 6ormwer's Rlsit to fte(astate. If Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (tar such other period as
<br />applicable law, may specify for reinstatememt) before sale of the Property pursuant to any power of sale contained in t his
<br />Security instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower.
<br />(a) pays Under all sums which thess mould be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any othtr covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but ti.5t limited to, reasonable attorneys fees; and (d) takes such action as. Lender may
<br />reasonably require to assure that the lien of this Security instrurrient. l endti s nghts in the Property and Iorrower's
<br />obligation to pay the -turns secured Ey slur, smx:urity Instrument shall continue unchanged. Upon reinstatement by
<br />w.ivw�i. thiS�ufnpi. .d a iall rcfnajn fully cjT"tive as If noarceicrarrfn had CUI;r t+t CiLil l
<br />,xcurred However, this nghttn,re:»oate -ahgltnot
<br />apply in the case ofa retetarron tinder Paragraphs l3m1T
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