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<br />89- 102510
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower s'Eilt pay the premiums required to maintain the insurance in etTect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />& Inspecdon, lender or its agent may make reasonable entries upon and inspections of the Prcperty. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnatioa. The proceeds of any award. or claim for damages, direct or consequential, in connection with
<br />any eertdernnatiorr or other taking of any pail of the Property, or for conveyance in lieu of condemnation, are hereby
<br />rssigncd and shall be paid to Lender.
<br />In the _vent of a; total taking of the prof i-ty, the procm- -ds shall Nr -applied to• the sums secured by this Security
<br />ImIrem.- m. whe h-er or not then due, with any: eyces�s paid: to Borrower.. let -,Ote event of a partial taking of the Property,
<br />tailless %wool r and Lender otherwise agree iWwrifing, the.sums srcrlred by'tliis Security ilustrument shall be reduced by
<br />the Amount of tare proceeds multiplied by the ft� :w ine fractir t;t Y4: ).the ti�i ;,°:WrVml: ��f ifie sums secured immediately
<br />befaze the taking, divided by f b) the fair market srnllii�of the Fr r. NJ-'_, rz the taking. Any balance s ?2.: f.L._+e
<br />paidto Borrower.
<br />4,; :
<br />iifthe Property is abandoned nY Btrra%,i.. } if .Ox --r• rivi 5 t g ii e �Lis�iu, &,-mower that the concL- mr-or og6 :�o
<br />a takiai,award'or.settte a claim for dlama�•;s, WriiRvrd< �iritr ice; j ,;��� i; Ii ;i i�� :;, t r'� 3U u y s a�tcr the date the nonce 'is
<br />gis en. Lender i; authgria d to collect anti. apply the rr ;vU�e(t :; a ljs; r i_o,�; i�t p to restoration or repair of the Property or
<br />fir ih sums secured by this Securky instrument, w�:�f'lter or not then due.
<br />Unless Lender and Borrower otherwise agreein writing, any application of proceeds to principal shall not extend or
<br />postpone thedor date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Bmr lawec Not Released; Forbearance By Lender 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 succes.SOT in
<br />interest of Borrower shalt not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be req.t:red 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 made
<br />by the original Borrower or Borrower'ssuccessor% in interest. Any forbearance 'by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security instrument sf-at4 bind and benefit the successors and assigns of lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrowec'scovenants and agreements 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 consey
<br />that Borrower's interestrrr: the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by th::f 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 w'iihout
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximurn loan
<br />charges, and that law is finally interpreted 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 !clan charge shall be reduced by the amount
<br />cerressary to reduce the charge to the permitted limit; and (b) any sums alrr di: collected from Borrmher which exce --ded
<br />permitted limits wili be refunded to Borrower. Lender may choose to make this refund by reducing the principal rwed
<br />under the Note or by malting a direct: payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial pTepayment without any prepayment charge under the Note.
<br />13. Legislatloo AfPlxating Lender's Rights. If enactment or expiration of applicable lavo-. has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Ls:nocr. at its option.
<br />may require immediate paytreno in full of all sums secartd L, this Security Instrument and may imoke am re+aiedies
<br />permitted by paragraph 19. If Lender exercises this optio:i. Le -r,der 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 Instrument shall he given by delivering n or by
<br />mailing it by first class Mai: t.: :'ass. applicable law requires use of another method. The notice shall be directed :o the
<br />Property Add-tess or any other ads test' Borrower designates by notice to Lender. Any notice to Lender shall he gmen by
<br />first class mail' ¢: 4Andcr's address stared-herein or any other address Lender designate by notice to Horrower. Any notice
<br />provided for in this Security instmment.shall' be deemed to have been given to Borrower or lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; SeverabiaEty, This Security Instrument shall be governed by federal law and the law cif the
<br />jurisdiction in which the Property is located In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the
<br />Note are declared to be severable.
<br />16, Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this serve ity Instrument
<br />` l7, Transfer aP the Property, a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or i5 a Beneficial interest in Borrower is sold or transferred and iorrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require initnediute payment in full of all Burns
<br />secured by this Security instrument. However, this option shall not be exercised by Lender if exerci�c is prohibited by
<br />federal law aloof the date of this Security Irst rLil-ier. t.
<br />If Lender exercise,., ti:is option.., Lender shall'; give Borrower notice of acceleration. The notice 7rovide s period
<br />of not less than: 30 da_- from the date the notice i3 ddivered or nia -lv/j within which Borrower mum ps: a,_ its sec -ed by
<br />this Security Ir.,trur +�cr :t. i f;;orrov,4r `2`ls to pay these Burr prier fcr the exp;r3;ion of this period, Ix _r lim kt!w ice any
<br />remedies permitted by thft, acs: Britt'• ln�& ;rnens withgat further notice <>r d� mz- 9 on Borrower.
<br />IS. Rnrrnwer's Rn� . ii lie :nswc, if K,) rav�cr beets certur :r cc =:t ii- -Ins, Borrower spoil tt,.� the right ro h: +ve
<br />enlorrement of thi : Sect:1. �t;;tru;t:::a:t diseontiuued ai any tim-2 prior to ti c e artier (if. (a) 5 days tur s t_h other period a'.
<br />applicable late rPay speclf° before sale of th= Property p::rsuant to any pnw•er cd' �..'. contained in thie
<br />Security lnstrurr. n; «y c-,*.ry' of a judgment enforcing thi4 Se.cur�ity In,_-sunicnt. Tho,c conditw,•.� e:rc th ;a Cyr ^suer:
<br />iij nays Le,, %C.'e: al'; 51*Trs u'r_;;:h then would he clue lind_r this S_ceRt ' 17- >rumcnt and the Noll' : -Ld no
<br />I'm't'red, (b) cures an;, of any other con:rtants o. agreerrzrus: (l') pet's all expenses incurred in enfi ccrtig this
<br />Security Instrument, including, but not limited to, reasonable sWarneys' fees; and (d) takes such action as !_ender may
<br />reasonably require to assure shat the lien of this Security Instrument, Lender's rights in ilic Property and Horrow'er's
<br />obligation to pa_++ the sums secured by this Security Instrument shall continue unchanged. t!ptm teinqatclilent by
<br />Borrower, this Security bistruinent and the ubligatitms secured hereby sh ll remain t'olly dh.ciive as if n++ :ter, frr.rtrnn lr.id
<br />occurred. However. this right fo reinstate shall not apply in the case ofaiceler,iti +m nnilcr)lsragraph,, 11(,r t
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