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<br />S9- 101898
<br />If Lender required mortgage insurance as a condition of snaking the loan secured by this Security Instrument,
<br />Bomwer shall pay the premiums required to maintain the insurance in effect until such tine as the requirement for the
<br />insurance terminatesin accordance with Borrower's and Leader's written agreement orapplicable law.
<br />S. LupsWon. Lender or its agent may make treasonable entries upoa and inspections of the Property. Lender
<br />shall give Borrower notice at the tinge of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Cbedeminadw The proceeds of any award. or cta m for damages, direct w 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 />gutless Borrower and Lender otheivAse agree in writing, the slims 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 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 CMOs to
<br />make an award or settle a claim for damages. Borrower fails to .respond to Lender within 30 days after the date the nvd"— is
<br />given, Leadwif s authorized to collect and apply the proceeds. ai its option, either to restoration or repair of the Property or
<br />to the sums i:bcured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of tole monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Leaner Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lewder to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence .proceedings against any successsor, in interest or refuse to extend time for
<br />payment or otherwise modify amortiution of the sums secured by this Security Instrument by reason of any demand made
<br />by the oriiguml Borrower or Borrowees successota in interest. Any forbearance by Lender in exercising any right orremedy
<br />shall not beat *liver of or preclude dbe, emrcise elf any right or remedy.
<br />M Sarxeasors aai Asa1gM B001114 Joint wed Several Lfiability; Consigners. The covenants and agreements of
<br />this Security Instrument s&2-!lF=d and benefit the see —ssors and assigns afLeader and Borrower, subject to the provisions
<br />cf patragraph 17. Borrower's zovet>:ats and agrazrmts 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 wfth regard to the terms of this Security Insttrument or the Note without
<br />glint Borrower's conscm.
<br />IL Lana Charges. If the Ica sgcurod by this Securfy Instrument is subject to a law which sets maximum loan
<br />charges, ands ftt law is finally inmW -- ed so that the interest or other loath charges collected or to be cajleated in
<br />connwfiom *ith 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 choose to make this refund by reducing the principal owed
<br />artder the Note or by making a direct pa2'*aem to borrower. If a refund reduces principa*', the reduction will be totted as a
<br />partial prtptevmdnt without any prepat c'rarge under the Note.
<br />IJ' : ll e9kis" Alteetlssg LenbWs R%Ats. If enactment or expintiot cf applicable laws has the effect of
<br />r. mde7wg any provision of the Note or this 5ecurin, Instrument unenforcub): ate: - 3 to its terms. Lender, at its option.
<br />way require immediate payment in full of aH srsms secured by this Security Imssrati . -rat and may invoke any remedies
<br />PCs rtuitted %v paragraph 19. If Lender exercises tli s option, Lender shall take the steps gcified in the second paragraph of
<br />paragraph CT_
<br />14. Notices. Any notice tv lkrmwer provided for in this Security Instrumennr shall be given by delivering it or by
<br />mailing it by first class mail unless app:icatble law requires use of ano•.b.w method. The notice shall be directed to the
<br />Property Address or my ocher address Borrower designates by notice to Lr,>;;der. Any notice to Lender shall be given, by
<br />first class mail to Lender's address stated herein or any other address Leader designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument,"I be deemed to have been given err Borrower ar Lender when given as pn3vided
<br />in this paragraph.
<br />15. GoveraivCZAw, Sevenbittt ,. This Security Instrument sha.11 be governed by federal law and the: luIv of',thr
<br />jt Asdiction in whkb 11n,:.Property is located. In. tole. event that any provisiom or clause of this Security Insnwnent or tfte
<br />Nate conflicts with ar)lh able law, such conflict dWl not affect other provisions of this Security Imsemment dr. tole Note
<br />which can 1e g - wen effect _without the- csnzfiicting provision. To this end the provisions of this Security Insttvnttai and the
<br />Note are dir,%erl to'be severable.
<br />16. Borrow4W$ Copy. Borrower shall, be g:ven one conformed cony of the' OMmd of this Security Instrument.
<br />17. Trander of the Property or a Bea detal Interest is Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (err if a beneficial interest in Borrower is solid or transferred and Borrower its not p natural
<br />person) without Lender's prior written consent. Lender may, at its option, require immediate payment in thll -ohdi sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is praliibr(:ed by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all'sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies pessnitted by this Security Instrument without further notice or demand on Borrower.
<br />Ice. Borrower's Rigit to Retastste. If Borrower meets certain conditions. Borrower shall bow the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days, f or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of w1bcontained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Noic had no acceleration
<br />occurred; (b1 cures any default of any other covenants oa agreements: (c) pays all expenses invalred in enforcing this
<br />Secunty Instrument. including. but not limited to, reasonable attorneys' fees. and (d) take, suc)raction as Lender may
<br />reasonably require to assure that the lien of this Security instrument. Lender's rights to the Pfapeny and Borrower s
<br />obligation tft par the sumo secured by thts Security Instrument shall continue unchanc: :tif Up;in reinstatement ry
<br />Horrawer. this Sccurtty Istrument and the .abltgatt,;, ; Se.uted her.. -b� all i err :arR Mit eft•: n%-o &- of nv.LC4:eieratc, n macs
<br />-,�urred !l ire. _er. this :rghr t,; rcin "6 a strali iiw a +plti en thcca%r cif a_irterate. rr unJr• pstjt :r:s;•ir, l : E r
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