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89-� -- 102019
<br />If Lender required mortgage insurance as a condition of making the loan secured by thig Security Instrument,
<br />Borrower shell pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement orapplicable law.
<br />0. iaspNM s. Lender of its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />9. Cottdeatratim. The proceeds of any award or claim for damages, direct or cortaquential..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 exeess paid to Borrower. In the event 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 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 for damages, Borrower fails 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, either to restoration 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 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 Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted- by Lender to any successor in
<br />interest of Be= -wer shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender sbaft not be required to commence proceedings 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 of any demand trade
<br />by the original Borrower off lacrower's successors in interest. Any forbearance by Lender in exorcising any right or remedy
<br />shall not be a waiiwec of orpraocuude theexercise of any right or remedy.
<br />It. Somesors aM Assigns Botrid; Joint and Several Liability; C*4ip em T" lie covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and k rrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower, who ensigns 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 with regard to the terms of this Security Instrument or the Note without
<br />that Borrosvef3 Zonsent.
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<br />12. Loan Charges. if the tn2k: secured by this Security instrument is subject to a lbw which sets maximum loan
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<br />charges, and that law is %11y irica seted so that the interest 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 reducat by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
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<br />pxmitted limits will be refunded to &— gaower. Lender may choose to make this refund by reducing the principal owed
<br />uade. the Note or by making a direct payment to Borrnwer. If a refund reduces; principal, the reduction will be treated as a
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<br />P&Ai� ; { rrni,rnent without any prepaymmi charge uh4cr the None.
<br />I -L. E4xftdon Affeetiag LeaAWS Rights. If enactinant or expiration of applicable laws has the effect.of
<br />rendering gay Asion the Note
<br />on- of or t.lti t•l*urity instrument unenforceable according cc its terms. Lender, at its option,
<br />may rziquire immediate payment in full i;T'all sums secured by this Security Pr. avimeMr. and may invoke any remedies
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<br />permitted by paragraph 19. If Lender exercises this option. Lender shall takr ilize rtes specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to lla+rnisver provided for in this Security Instrument sSn.^.jf 6!e given by delivering it or by
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<br />mailing it by first class mail unless apphrablc law requires we of another method. The actice shall be directed to the
<br />Prcticrty Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated 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 Borrower or Lender when given as provided
<br />in this paragraph..
<br />1S. f tsaei-ating Law; Severali ify,.' This Security lnstruasucra shall be governed by federal law and the law of tfce
<br />jurisdiction ht which the Property is located. in the event that any, provision or clause of this Security Instrument• or tine
<br />Note conflicts with applicablktaw. such conflict shalt not affect sheer provisions of this Security Inatutnent or the Note
<br />which can be given effect w0hout the conflicting provision. To thiarynd the pinvitnons oBthis Securmy fll.ttcument and the
<br />Note are declared. to be severable.
<br />16. Borrower's Copy. Borrows r. shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Transfer of the Property or if, Qesetleial interest In Borrower. If all of-any part of the Property or any
<br />interest in it is sold or transferred (or if a bi {eficial int, -Test in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written coin -ept, 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 Lender if exercise is prohibited by
<br />federal lawasofthedateofthisSecurity Instrument
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<br />lf Lender exercises this option, Lenders hall give Dorrowti no ice of acceleration, The notice shall provide a period
<br />of not less than 30 days from the date thenotice is delivered or mailed within which Borrower must pay al) 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 permitted by this Security instrument without further notice or demand an Btttrosver.
<br />111. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to theearlier of! 10.5 days for 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
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<br />L Security Instrument, or (hl entry of a judgment enforcing this Security Instsutnenl. Those conditions are chat Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and-the Haute had no acceleration
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<br />occurred. cures any default of any other covenants or agreements, Ic) pays all expenses invurred in enfuming this
<br />Security Instrument, including. but not bruited tor, reasonable attorneys' fees, and tdl takes such action as Lender may
<br />reasonably requite err assure that the lien or this Security Instrument. Lender's fights to the Ita,perty and Bnnower's
<br />oblrgatron to pay the sums secured by this Security Instrument shall continue unchanged: Upon reinstatement by
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<br />Ho'oruwer. this Security Inorurnent and the obligations secured hereby shall remaur full) effrctu•C as If firs acceleratuat had
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