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89-102642.
<br />If Lender required mortgage insurance as a condition of nuking the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance to effect until such time as the requirement for the
<br />insurance terminates to accor4ance with Borrower'sand Lenders written agreement or applicable few.
<br />8, lasportI P. Lender or its agent may make reasonable entnes upon and inspections of the Property. Lender
<br />shall give &&rower notice at the time of or prior loan inspection specifying reasonable cause for the inspection.
<br />9. Cbmko Cation. The proceeds of any award or claim for damages, direct or 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 he applied to the sums secured by this Security
<br />Instrument, whetber or not then due, with any excess 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 immediatelyr before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is aba .dw.ed by Borrower. or if. after notice by Lender te, Boen9 wee that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to lender within ?0 dal S after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration ur repair of the Property or
<br />to the sums secured by this Security Instrument. whether or not then due
<br />Linfess Lender and Harrower otherwise agree in wntrng, any application (if proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in para'Snphs i and 2 or change the amount of such payments
<br />10. Borrower Not Released.- Forbearisme By Lender !fort 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 Borrower shall not operate to release the liability of the original Borrowei or Borrower's successors in interest.
<br />Lender shall not be required to commence -e proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Secunty Instrument by reason of any demand made
<br />by the original Bormwer or Borrower's sucw�rssors in interest. Any forbearance hv 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. S ucetuors and Assign+ Bottttd; Joint and Severd Liability; ('o- signers. The Lvenants and agreement-, of
<br />this Security Instrument shall bind and benefit the sucker.-,:m and assigns of lender and Borrower, subject to the provisions
<br />of pai. raph 17 Borrower's covenants and agreements shall be joint and several. Aary Mirrower who co- sogrtns this Security
<br />Instrument but does not execute the Note. (at is co-signing this Secuntv Instrument only to. mortgage, grant and convey
<br />that Bonower's interest in the Prepert� 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 />urwu�. iv�ucaa ui >nsac Soy ito m iodation with regard to the terms of this Security instniment or the Note without
<br />that Borrower's consent.
<br />ild. Low Ctsarges, if the loan secured by this Serunty Instrument is subject to a law which sets maximum 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 loan charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted lima; and (b) any sums already collected from Burrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender mp choose to make this refund by reducing the principal owed
<br />under,.the Note or by making a direct payment to Biorrower. If a refund reduces principal, the reductwn will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13• Legislation Alfecift Leader's Ruts. If enactment or expiration of applicable law-, has the effect of
<br />rendenng 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: to the second paragraph of
<br />paragraph 17
<br />14. Notices. Any notice to Borrower provided for to this Security Instrument shalt use given by delivering it or by
<br />marling it by first class marl unless applicable law requires use of another method. The notice shall, be directed to the
<br />Property 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 Riven to borrower or Lender when grken as provided
<br />in this paragraph
<br />IS. Gg"IlkiaS isw; Severability. This Secunty instrument shall he governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or cla ase of this Security instrument or the
<br />Note conflicts with applicable isw. such conflict shall'not affect other provisions. of this Secunt y Instrument or the Note
<br />which can be given effect without the conflicting provision To this end the prov wens of this Security Instrument and t he
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument
<br />17• Trader of the Property or a Beneficial Interest in Borrower. IT all -or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or Lmnsferned and Borrower 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 Howevev, this option shall not be exercised by Lender if exercise n prohibited 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 peri-xi
<br />of not less than 30 days from the date the notice is delivered or marled within* inch Borrower must pay all %ums secured hs
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. I ender may uivuke any
<br />remedies permitted by this Security Instrument without further notice or demand on Dwruwer
<br />18. Borrower's RIO# to Reinstate. If Borrower meets certain condiiton% Rorro>Aer shall have the right tit have
<br />enforcement of this Security Instrument discontinued at any time'pnor to the earlier of (a) a days for such usher lwrtod a%
<br />applicable law may specify for reinstatement) before sate of the Property purst,ant ru any power cif We t;witairied it, thI%
<br />%ecurtty instrument. or (b) entry of a judgment enforcing chi-, Securny Instrument Ih (r%e cundinum% are that H, it
<br />ra) ray% ittider all rums which then would he due under this Security Instrument and the Note had tic, .it,cleraittm
<br />occurred. (h) cures any default of any other c•o%enants (Ir a9teeme ite• !c) pays all exrrnse% .ncurfM in rnf+uk mR th;%
<br />4curiiy In%irurnent, including, but nut! limited to, reasonable attorney%, fees, and Idt take,, .u1 h a(unn at 1 cndrr 11).911
<br />(tic %snahl11 require v) a%%ure that the lien of this Smunty ir,strumerit. Lender's 1)R_ his in the r—tvii% and its +rlt +l.rr .
<br />onhgarinn Iu r)a11 'tie sums t„ecured by this %ecurtty Invirurnent %ball ;nntinur utthatIRrO t l 1• .r)n%tarrncc-nt i•%
<br />linrrwrr chi %'+r. urity Instrument and the obhllaw�nv %tcurrct hrretty %hall rrrna►m fully . -fir. ; .c u•
<br />• u rrrl However. Itit%tight to rein %tare %ha.'1 not alro 111 +n the ca r of aeccictn +lt u�c,l rl.+rawlnt.b• � • ,,,
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