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89-r.. 101900
<br />If Lender required mortgage insurance as a condition of making flirt loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in et mt., until such time as the requirement for the
<br />insurance terminates in accordance with &,rmweeu and'Lender's written agreement or applicable law.
<br />11. Insgedbe. Lender or its agent may make rea�sanable entries upon -and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying r4amnable cause for the inspection.
<br />9. Condemnation. The proceeds of any award cr claim for damages, director consequential, in connection with
<br />any condemnation or ether taking of any part of t1te Property. or for cowicyance in lieu of condemnation, are hereby
<br />assigned and shalt 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 exems paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sumo secured by.this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fracti al: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value cf thd. Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, ar if; al%tr tratice by Lender to Borrower that the condemnor o5em to
<br />make an award or settle a claim for damages, Borrower j`hiLs to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option# tither to restoration or repair cif 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 proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released Forbearance By Lender Not a Waiver. Extension of the time for paymemi or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release Che liability of the originnl-Ilmmwer or Borrower's successors in interest.
<br />Lender shall not be required to commence preceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured-by this Security Instrument by reason cfany demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />sftnll not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joust and Several Liability, Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit thrsuccessors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants anti agrecutrnts shallibe jaintand several. Any Borrower who co -signs this Security
<br />Instrument but: does not execute the Neufi :* (a) is co- signing this Security Instrument only to mortgage. grant and convey
<br />that Borrowers interest in the Firperty iuider the terms of thin, Smxr ty Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security [istm mi ent; and. (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accemmardations with. reprd to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. %van Charges. IC111a lean scone byt:tis Security Instrument is subject to a:law which sets maximum loan
<br />charges, and that law is finallp•iitterprawd ra 0%.(. the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the pemtitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted litt,;rr; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Eurrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct paiyin.ent to Borrower. if a mrand reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Nfna.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rimilering any provision o(the Note or this Security instrument unenforceah(r ;according to its terms, Linder, at its option,
<br />tray require immediate payment in full of all sums secured by this Security Instrument and may tnv3ke any remedies
<br />Pen, `ed bye PM graph 19. If Lender exercises this option, Lender shall take the steps speci9Pd in the second paragraph of
<br />p2rgra ale f.7.,
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given, fs-y delivering it or by
<br />mailing it by first class mlil unless applicable law requires use of another method. The notice shall be directed to the
<br />!?mperty Address or any offier. address Borrower designates by notice to Lender. Any notice to Le�id•sr shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by nr.., a to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lem'cr when given as provided
<br />in this paragraph.
<br />1S. Governing La W 5everability. This Security Instrument shall be governed byfuda -nit l..iw and the law of the
<br />f:tiriuAiction in which the-Property is located. In the event that any provision or clause of this Se:.,;nt 1, Instrument or the
<br />Note conflicts with applicablg law, such conflict grail not affect other provisions of this Security instrument or the Nrfte
<br />which can be given effect without the conflicting provision. To this end the provisions of t hr. Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Cogy. Borrower shall be given one conformed copy e)f the Nc-d a: -4 of t ":; S.:r.urity Instrument.
<br />17. Transfer of slue Property or a Beneficial Interest in Borrower., If al) or an , ; air of the Property or any
<br />interest in it is sold or trance'. red (or if a beneficial interest in Borrower is sold or transferr('ai and EA,, -r :,wer 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 Under if exercise is prohibited by
<br />federal law asofthedatcofthisSecurity Instrument.
<br />If Lender exercis. -a this option, Lender shall give Burrower notice of acceleration. The notice shall provide a period
<br />of not lessthan 30days from the date the notice is delivered or mailed within which Borrower must pay all ~urns 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 permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrowtes Right to Reinstate. If narrower meets certain conditi =.fns. Borrower shall have the right to ltave
<br />enforcement of this Security Instrument discontinued at anytime prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument, or (b) entry of a judgment enforcing this Security instrument. 'those condition are that Burrower.
<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 agreement%: (c) pays all expenses incurred in enforcing this
<br />Security Instrument, indadtng, but not limited ter. reasonable attorney~ fee~: and (d► takes such actaoo as IAndet may
<br />reasonably require to assure that the hen of this Security Instrument, Lender's rights to the Property and Borrower's
<br />obingatn,n to pay the sums secured by this Security instrument shall continue unchanged. Upon reinst,rtrotrtnr tit
<br />flotruwer. this Sec.urgy Instrumcnt and the ublrgatimm secured hereby 41311 remain fully effectiVC as had
<br />«c:_urrcd linwever. this right t#, rem%tate shall III 5t aptly rn the t. eke of acecler,1tn-m under paragrnrh1L It or 17
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