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I
<br />If Lender required mortgage insurance as it condition of imiki ng the loan secure,
<br />Hormuer %hall pay the premiums required to maintain the insurance tit effect until %uclt t
<br />insurance terminates inaccordance with Borrower'%and L.ender's wnitsn agreement car app
<br />A, Inspection. Lender or its agent may make reasonable entries upon and utspe
<br />%hall give Borrower notice at the time cif or prior to an inspection specify ins; reason,.►ble caaas,
<br />9. Condemnation. The proceeds of any au ai d or claim for damages, direct or cot
<br />any condemnation or tither taking of any part of the Property, or for con%eyance roe het
<br />assigned and %hall be paid to Lender.
<br />In the went of a total taking; of the Property, the proceeds shall be applied tow the
<br />instrument, xt hether or not then due, with any excess paid to Borrower. in the %cent of a
<br />unless Bortowt:r anti Lender otherwise agree in wraing, the sums secured b% this Security I
<br />the amount of the pr xceMs multiplied by the follhwing fraction (a) the total amount of
<br />before the taking, divided by (h► the fair market %alue of the Property unnW(ar.0% before tl
<br />paid to Borrower.
<br />If thr Property is abandoned by' Borrower, or if, after notice b% Lender tci Horrowe
<br />make an award or %ettle a claim For damages, Borrower fails to re%pond to tender w ilhm 10
<br />given, Lender is authonzed to colic t and apply the proceeds, at it% option. either to restoras
<br />to the sum-, -secured by this Securty Instrument. whether or not then due.
<br />Unless Lender and Horrower' otherwise agree in w•nting,any application of prod., ds
<br />postpone the %hue date of the month2v payments referred to in paragraphs 1 and 2 or change
<br />10. Borrower Not Released; Forbearance By lender Not a ���tiwer. Extensu,i
<br />modification of amortization of the sums secured by this Security 1nsCrur^nent granted b
<br />interest of Borrower sh.W not operate to release the ltabtlgy of the origmA 1k rrower or B%si
<br />Lender shall not he required to commence proceedings against any 1•r in�ac^sl
<br />payment or otherwise modify amortization of the sums secured by this Security Instru i:rNitt 1
<br />by the original Mirrouer or Borrower',, successrtN itt interest. Any forbearance by Lender urt
<br />shall not be a wanes of (It preclude the excrose e%f any right or remedy -
<br />11. Successors) imd Assigns Bound; Joint and Several liability; Co- signers. Th.t:
<br />this Secunty Instrument .hall hind and benefit the successors wtd assigns of Lender acid #bur
<br />(►f paragraph 17. Borrower's covenants and agreements shall i*t.loint and several Any Borro
<br />instrument but does not eucute the Note (a) is co- %igning this Security Instrument onl'1; t,
<br />that Borrower's interest ert the Property under the terms of this Security instrument I'm rsai
<br />the sums secured by this Srcunty Instrument; and (0 agree.%• that Lender and any otbcr r
<br />modify, forbear or make any, Ao-.-oinniodatnins with regard to the terms (if this tie) urrev .[r
<br />That Borrower's consent. -
<br />12. loan (.'barges. If the Ivan secured by this Security instrumett [s:sub.it:i:r tL, a i
<br />charges. and that law is finally interpreted %e, !h— the interest or oth�-- 1, :=.: c•1;.d; «e: Ci
<br />connection with the loan exceed the permitted titbits, then: (a) any %uch •luati. Aarge %ha
<br />necessary to reduce the charge to the permitted limit; and (Man) surn%.drea4} i; At&tvd fit
<br />permitted limits will tie refunded to Horrower Lender mar choose t.+ !:take rhi:a rr:fum "' i h%
<br />under the Note or by making! a direct payment to Horrower ifa refund red'�.k~s pcircirta9, thr
<br />partial prepayment wuhout any prepayment charge under the hove.
<br />13. Legislation Affecting Lender's Rights. If crlactnient t'r; ecprrau.rn of app)
<br />rendering any provision of the Note r.r this Security I list rumoll, unentort:ea!sle according to u
<br />may require irnme(fiate payment nit full of all soils secure(: h} this Saurr:y Instrument a
<br />permitted by paragraph 19. if Lender exerci%es 1s11% ortn n, I ender shal( rake the steps :c,'trt:rtfi
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower t!rcwaded for to this Sccurify . Instrument %hall
<br />marling it by first class marl unless applicable law requirts use cf another method. The n
<br />Property Addre%% or any other address IlorrowCr designates by notice to Lender. An% notic
<br />first class marl to Lender'% address stated herein or any of ht r address Lender designatcw by nc
<br />provided for in this Security In%trument %hall be deeined In ha%e heen gi%cn to Horroower or Li
<br />.in this paragraph
<br />15. Governing [Aw; Severability. Thn± S--- urit.q Instrument %hall he go%erned by f
<br />jurisdiction ur which the Property is. hicated In the event that any prcf%ision or clause t r th
<br />Note conflicts with applicable law.. su1:h conflict .hall not affect other prov isions of tht., S'cci
<br />which can he given effect wit lip t t:lct Grnfli_ttung pr ?%I%I.in To this end the provisions of this
<br />Nore are declared to be severable • ;
<br />16. Borrower's Copy. - Harrower %hall he given one conformed ,:opy of the 'Note an(
<br />17. Transfer of the Propeirzy or a Beneficial interest in Borrower. If all or any
<br />interest in it is Sold or tran%ferred izr4f a beneficial interest in Hctrro%%er is sold or tran%ferred ;
<br />person) without Lender'% prior written consent. Lender may, at it. option. require ininicdclt
<br />secured h% this Security Instrument. Howe%er, this option %hall not he exerct%ed h) Lcnde
<br />federal law as of the date of th[%Securit% Instrument
<br />If Lender exercise% this option, Lender shall gi%e Borrower notice of acceleratitm i'lie
<br />of not le^s% than 30 day'% from the date the notice is deb% Bred or mailed i%it hill w hoc h Horrt m yr
<br />this Sec unty Instrurneni If Borrower fails to pay the%c' %urns prior to the expiration of IF►[% tic
<br />rcmc(hc%i><rn►rtted h% thl%Secunty Insrrumen: without further ttoL[ce or demand „n Hor►o"c
<br />18, Hrrrrower's, Right to Reinstate. if Borrower meet% certain rt,ndiuon%. lforrimc•r
<br />crtfffrt- enicnt of this Sccurtty 1p,%trunient di%c„nitnued at :in% tlmc prior to the c:Irltc•r f,f fa► t t
<br />appLcahle Isle% !na} ,pccd% ft,r te'rti,tatementf hcf „re %ale of the Propert% pur +u;uit t•,, :rig �„
<br />ln%trun!cnt. „r thr :non t,f ,t Iudltmrnt , nfott ing this Se %uric% Irf%rnuncn[ i h • %c .t
<br />t,e► t•s)% I ender all %uric "111,1: :tier, ,►r.uld he- •clue under this Secunt% ir•onirnenr art} ill
<br />.unrest r ►,r .arcs irr% t.te`.tu;! •f ai,s !4ht'r ,,• "ant% •fr ayrcemrnt, net psi%% ail repo, %c•
<br />tic.urit: In,lr ,ntrn:, r.i, h::hni! h,tr rnq 111u; :rd t,•, ice%
<br />r•'.t %: ,fi tt•t: n••� {li /r r••.t%%ul, 01,11 Qje licit -,t tii:% 4tut Uri'.% 111'.trU1'WV! l 1',it ,' IIt•l.•% iii it
<br />t "1Ji! ;•i. it;,• ,irr, +r. .r•vt t••. II,f•, ti,•..tnt: Iry ,t:urr:tli %h.t!. ,:• ,t,.u.:
<br />Ii• r t, t %• ; f .t! ti t:i•t ifs, •t
<br />••t• `. tl .e• .• r .. r.yl,i , tt r:,%i.P• .t,.►,; t. .., ► 1, ,• tf•, .,, , ., r •
<br />102695
<br />�ccurltx Instrument,
<br />requirement for the
<br />the Property. Lender
<br />ispectnin.
<br />11, in connection %vith
<br />-mnarion, are hereby
<br />.!red by this Security
<br />:ing of the Property,
<br />t shall be reduced by
<br />w4mred immediately
<br />Any balan %y shall be
<br />condemnor of vrs to
<br />the date the notice is
<br />tir of the Property or
<br />Al shall not ,extend or
<br />at of such payments,
<br />ime for payment 017
<br />to a!ny successor in
<br />accvc on in interest.
<br />to extend time for
<br />of any demand made
<br />any right or remedy
<br />s and agreements of
<br />sect to the provisions
<br />o -signs this Security
<br />e, grant and come}
<br />Ally obligated to pay
<br />ray agree to extend.
<br />er the Note %whout
<br />sets maximum loan
<br />r to he collected in
<br />iced by the amount
<br />A;cr w hwh a tceedcd
<br />the prrnt:tpal owed
<br />i will be treated as a
<br />;s has the effect of.
<br />ender, at tmoption.
<br />i%oke aril%• remedies
<br />econd paragraph of
<br />y delivering it or by
<br />be directed to the
<br />er %hail be given by
<br />grower. Any notice .
<br />n given as provided
<br />and the law of the
<br />Instrument or the
<br />nment or the Note
<br />Lnstrument and the
<br />x1rity iti%trument.
<br />ie Protigrly or an)
<br />natural
<br />t ui fc;7.'r`•all %um%
<br />W is pnih[hitcd h)
<br />ill prm ode a period
<br />All %um%;rcurc•d by
<br />let rnat, 1n%okc any
<br />C this' ![Flit to ha%c
<br />rch t,thrt period w-
<br />r cc•rltatnc'd In thi%
<br />ire ih.it It,rt „irr
<br />ttl of .t,;rleretu,n
<br />1 of , n } „!, u,i! tit,••
<br />n o% I rn,i:•r to r%
<br />i
<br />.t
<br />flan
<br />"l
<br />
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