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<br />89-- 026i15
<br />If I fonder requircd mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance ternunaics►n accordance with Borrower's and i ender's written agreement or applicable law.
<br />A. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection spectfying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of airy part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall he paid to lender.
<br />in the event of a total taking of the Property, the proceeds shall he applied to the vents secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partia,t taking of the Propettty,
<br />unless Borrower and Lender otherwise agree to venting, the suns secured by this S :;alrrt} Instrument shall 1%
<br />the amount of the pr4weeds multiplied by the Following fractC. *it' (a) the t..-)tai attioum ,,~ the tiurns secured, itInmQizately
<br />before the taking, 41:n.tdW by (b► the tiatr niLq {`Pi Lalirv74' E�'f .h %4 Frt%p s y imrzs *4itatexy t+et��re th, taXi,�~. ?►ttr biCan.� oval@ ik
<br />paid 44>• lasrrowec. •
<br />11t`Itch: Frc m- T- ty as at ar•.doned by BoTTOw r, or ii. 4ft P! voti,.V ht ICIlta -7 I Rorrova tt That ik; �cTnr.4!YeTYSj2,G : *ifieGC 2i�
<br />t013kc 3171 TOT dama.4r.N, F,s %rnower fate;, to -.O%p mi tom, p : n&r w°ti,`:;n ?>l jatx after Cl~e dx.ti''p. e4 1,,4_t :t.iC 7C '
<br />gi%ter, Lcndes is aut•Etarwxd ua col[M -and a np15, hq prtheeds. or Cts, 1.fier Vt oT %-p lit' of al ?e: Fn-per.' f • I,* :
<br />T'.` t�113 51:7.tP9 SeCZvf~C9�''b_a' 1(t5fti SCrurttyf CI;S9tri^l.`,T,:.. Q.E,eEltec f. *c rt.,t the for Ik.u;
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<br />;nl %ass Leit!1r r 4."d at. w,r'ttmg, ,,t►y Q1; I?r a 1 ds to principal shall not extend or
<br />tr— due date of the tnent4'1, �} payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />ilh Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />i^twe" a"tton of amortization of the sums secured by this Sovunty Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Harrower or Borrower's successor in interest.
<br />Lender shall not he tequued to commence proceedings against any successor n► interest or refuse to extend time for
<br />payment or otherwise modify amorwahon of the %ums secured by this Security Instrumcnt by reason of any demand made
<br />by the original Borrower or Borrower's %ucce%sor%in interest Any forbearance by !.ender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any ripht or rctucdy
<br />It. Successors and Assigns Bound; Joint and Several Liability; Cosigners. File :o%cnant% and agreements of
<br />this Security instrument shall hind and benefit the succemot% and a%%tgn% of 1 ender and Horm%%er, subject to the pros ruin%
<br />of paragraph 17 Horrower' %covenants and agreements %hall ltcp +nit and %c%cral Any Horrower who co•%ign%this Security
<br />Instrument but does not execute the Note (a) is co- signing this Securit% Inarument onit to mortgage, grant and comet'
<br />that Borrower's interest in the Property under the terms of ihi% Security Instrument. (h) i% not personally obligated topay
<br />the sums secured b) this Security Instrument; and tc) agtees that Lender and any other Horrower may agree to extend,
<br />modify, forbear or make any accommo dauons with regard to the terms of this Security Instrument or the Note without
<br />inai wrrowrr sccrosenr.
<br />12. Loan Changes. If the loan secured by this Security 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 />`
<br />connection with the loan exceed the permitted limits, then (a) ally such loan charge shall he reduced by the amourni
<br />fx :p
<br />necessary to reduce the charge to the permitted limit. and (b) any sums already collected from Borrower a hich exceeded
<br />permttycQ limits will be refunded to Borrower. Larder rna, shoo %e to make this refund by reducing the principal owed
<br />;'
<br />under tsr, Note or by making a direct payment to Borrower, If refund reduces principal, the reduction w ail he treated as a,
<br />partial prepayment without any prepayment charge under the Note.
<br />13. IRgislatfina Afy(eetinit Lender's Rights. If enactment or expiration of appltc:v5`;'. taw% ha% the effect of
<br />rendering any pro.is an of the Note or this Sec,unty Instrument unenforceable according io It% tear%. Lender, at its option,
<br />may require immediate payment in full of ai 'sums % cured by ihi% Security hi%trument arc: r.:ay In, oke zny remedteti
<br />rmitted b
<br />pe y paragraph 19 If !.ender t xert ices this optarri, Lender %hall take the steps specified in the second paragraph of
<br />paragraph 17
<br />14. 'Notices. Any notice to Borrower provided for fort this Security ln%irument shall bc: gic•cn by delivering it or by
<br />mailing it by first C135S marl unless apphcahl: law requtre% use of another mctlit,d The notice shall be directed to the
<br />Property Address or- an.% other address Borrower de%ign-icn, by notice to Lender Any notice to Lender shall he given by
<br />first class marl to Under s address %fated herein or any t� -t er address Lender de%ignale% by notice to Horrower. Any notice
<br />provided for to this Security Instrument %hall he deemed to hale been gt%cn it) Burrower or Lender when given a% provided
<br />in this paragraph
<br />IS. Governing Law; Severability. Thi% Security Iri%trumeni %hall he governed by federal law and the law of the
<br />jurisdiction fit which the Property is located in the event that any prtfvo %ion or clause of thi% Security Instrument or the
<br />Note conflicts with applicable law. %itch conflict %hail not affect (fiber pro%v ion% of tht% Security Instrument or the Note
<br />which can be given effect without the conflicting provision I o 1111% end itic pro: istons of this Security Instrument and the
<br />None are declared to be severable.
<br />16. Borrov(er'sCopy. Hornmet ;hail he gt%ell ,tic conformed copy of the Note and oft hi% Isiccurily ht%trurvicnt
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If ell tit tit% part of tht: Properly or any
<br />interest ill it is sold or transferred ((it if beneficial interest to Borrower i% sold or transferred and Horrower is riot a natural
<br />person) without Lcnder'% prior written consent, Lender may. at its option, require nnmeduote payment in full of all %utn%
<br />secured by this Security Instrument. Howc,-cr, till% option %hall not he exercised by Lcndlcr if exercise is prohibited by
<br />federal law as of th, :-da•e of thl %Security Instrument
<br />1° Lender etcrs'eses tsa5.r,t, ttnn. Lender %hall give Horrower notice of acceleration I he notice %hall provide a period
<br />ies's, t bull Y. era : ;fr. :;;; cite daty the not is delivered �'^ mailed w,?Itlit w )itch Horrower inu%t pay all %arras %ecured by
<br />ilia SL>:�ar�y iris,, s:�� t:rl. ,f I3rorrc,wes fails tl :nay these %,:-rs prtf+r rl tt�e exptrlhon of rho (-+c :,�,cf, 1 fonder may invoke arc
<br />remed :e5perrrtrt' ,,14-41 lh;- ,S,cvjrily In%tr'3mem without f::rther fit (;emand ,n litan,wac
<br />1s. Horrawei °s Riot to Reinstate. If Horrl:x s meet% cc *.e1. aallllti/m %. fit � e r '� rn,wcl 4r,i,; hevc• folic right to 4 dvc
<br />enfl- , -Wlr,r eve of th-sSecuriv. lr,si *amen, cl:wonrmuell di zLi, 'unle -• !"- 117!tic varrr'n"'i tai t d:v %tnf %nCh •it tLer;wria•r;'1S
<br />dr Ilr�tie law
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<br />F rna; vpcctfy tf.- rclrt %taten :etl:`f?75,; tc %e;e >I r-.': I'- ; (foie pllt%trerf '. � :C•.'r .,1 %.tit'.' 9'•t: ^,rtt Ii'. ills.
<br />SrrJ7,t} instrurnert :'► 111, er.try r f a pudgmen, cni jr,ing fills °
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<br />'at p3--s !.ender a`.4 saws %4htch then w., .yo-; pie clue under tt,f% %_foci_ 11„truitivni end f.t. s,. r.r 11.,,f I,..u;rlrr.t,lntl
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<br />turrwa fh► c ufe%;vny drlauH of any o,h<r .v ,:•Want% 1,r ,t;rt :rtr.t, t. 1 pevs •111 ctper.%;• _•:r:rt] Ifl rolflrtm►• r1r,
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