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89 --- J.02024
<br />If Lender required Tortgage insttrawe as a condition of making the loan secured by this Security Inswmeat,
<br />Borrew±er!a 4 tequire d to maintain the insurance in effect until such time as the requirement for the
<br />insult Soncluesand Lender's written agre¢rnentor applicable law.
<br />}rg agent may matte reasonable entries upon and inspections of the Property. Lender
<br />`or pries tolan bispectiort specifying reasonable cause for the inspection.
<br />9 Coedettsraudw The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation at other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shill be paid to Lender.
<br />In the event of a total taking of the Property, .the proceeds shal3! be applied to the sums secured by this Se curit;yr,
<br />Instrument, whether or mA then dim with any excess paid to Bom3wer.:Tn the event of a partial, tatting of the Pmpertyr -,
<br />unless. Morro erand Jer csibvmise agree in writing, the sums seca�byr W-A Security Instrument shall be reduced '...
<br />the +i mount of the ptoceds multiplied by ft following. Chown: (a) foe: total amount of the sums secured immediate
<br />.1Ki'fiiii -thirtaking, dividi d by (b) the fair ma&ca value. &the Property =immediately before the taking. Any balance shall be
<br />Said to Tforrower.
<br />If the Property is abandoned by Borrower; ,or if, after notice by Lender to Borrower that the condemnor offers -ta
<br />mike *n award or settle a claim foi damages, Borrower fails to respond to Lender within 30 days after the date the actice is
<br />Vvtn,' L=dar is authorized to adHect and apply the proceeds, at its option, either to restoration or repair of the Ptmperty ar
<br />to thesumssecuredby thisSecurity Instrument, whetheror not then due.
<br />Vnkss to-Acr and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone slit due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />14L Borrower Not Relened; 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 amyl 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 successor in interest or ie€use t6 extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any 4emand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any dot or remedy
<br />shall not be a waiver of or preclude the exercise ofany right or remedy.
<br />I I. Successors and Assips Bound; Joint ad Several LiabWty;, Co- signers, The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assig:,,pof Lender and Borrower, subject to the provisions'
<br />of paragraph 17. Borrower's covenants and agrmments shall be joint a'n'.$ several. Any Borrower who co-signs this Security
<br />instrument but does not execute the Note: (a) is ooeAgrting this Security Instrument only to mortgage, grant and convey
<br />that Sm r.:twees interest in the Property under the wi ms di this Security Instrument; (b) is not personally obligated to pay
<br />the suite secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
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<br />modify, forbear or make any accommodation-, with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />M Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
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<br />charges, and that law is finally interpreted so that the interest or other loan ebarges collected or to be collected in
<br />connection with 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 />under the Note or by malting a direct payment to Borrower. If a refund reduces prin:ipd, the reduction will be treated as a
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<br />lsanW prepayment without any prepayment charge under the Note.
<br />ig. Legislation Affecting Leader's Rights. If enactment or expiration of applicable laws has the effect of
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<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second,paregrag;c of
<br />paragraph 17. I
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by deiivering i1 or by
<br />mailing it by first class mail unless applicable law requires use of another method. The nc6x shall be directed to cbr
<br />Property Address or any other address Borrower designates by notim 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 />provie -wi f m in this Security Instrument shall be deemed so have been given to Borrower or Lender when given as provided
<br />in this prragraph.
<br />15. Go►e,rniag Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in whiz'h the Property is located. Vn the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conf i t shall not &'eet other provisions of this Security Instrument or the Note
<br />which carp be given effect without the conflicting pravisio>q.. To this end the provisions, of this Security Instrument and the
<br />Note are'declaredvobeseverable.
<br />16. Borrowees Colly. Borrower shall be gives oat conform!d copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Rsntflelsl Interest In 8c.-rower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or its beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Gender'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 Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Fender 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 permitted by this Security instrument without further notice or demand on Borrower.
<br />18. Borrower's Riot to Reinstate. if Borrower meets certain conditions. Borrower shall have the right to have
<br />cnfo=cmcnt of tbissecurity Instrurjeent disconftttued at any flint prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law,may specify for reinstatement) before the Property
<br />-sale of pursuant to any power of safe contained in this
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<br />Security fnslrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are That Borrower:
<br />(a) pays 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 agreements; (c) pays all expenses incurred in enforcing this
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<br />Security instrument, including, but not limited to, reasonable attorneys,' fees; and (d) takes such action as Lender may
<br />reasonably require tp assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's
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<br />obligation, to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
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<br />Hurrower, this Security Instrument and theobhganon =; secured hereby shall remain fully effective as if no acceleration had
<br />f n.currcd However, this fight to reinstate shall not apply in the case of acceleration under paragraphs 13 or t 7
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