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<br />89000 =0270.
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Horntwcr shall pay the premiums required to maintain the insurance ill effect until such time as the requirement for the
<br />insurance ternunate% in accordance w ah Borrower %and Lender's written agreement or applicable law.
<br />8, Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time tafor prior to on; inspection specifying 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 any pan 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 be applied to the sums secured by this Security
<br />Instrument, Whether 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 (h) the fair, market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Korrc•%ver, or if. after notice t%% Lender t(s Borrower that the condemnor offers to
<br />make an award or settle a claiitzfor dania�r::�.. L�rrrv%%er fads to respond to Lender within 30 day s after the date the notice is
<br />given. Lender is authorised is collect and .Aprly the proceeds, at its option, etcher to restoration or repair of the Property or
<br />to the si.ms.cttil:T. w by this S%ctinty instrument, whether or not then due.
<br />Unless. Lender and Honrower otherwise agree in writing, any application of rrocceds to principal shall not extend or
<br />postpvne the due date of the nionthly payments referred to in paragraphs i and Z or change the amount of such payments.
<br />10, Borrower Not Released; Forbearance By Lender Not a Waiver. 'Ey"43 mon of the time for paymert or
<br />mo*jUlcation of amortization of the sumo, secured by this Security imirument granted by Lender to any successor; in
<br />it i. -rc%t of Borrower shall not operate io release the liability of the original Borrower or Hoertrwer's successors in interest.
<br />Lender shall not be required to commence proceedings against air} successor in interest, c -r iefuse to extend time for
<br />pala- ent or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />b)s the original Borrower or Borrower's successors in interest. Any forbearance by Lender iii c u °ccising any rght 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 Liabigty; Co- sipriers. Tile covenants and agreements of
<br />flits Security I nstaaiment shall Isind and benefit the successors and a."zg is of Lender and Borrower, subject to the provisions
<br />of 1mragraph 17. Borrowers cs., v enant% and agreements shall be joint and se'. era6.. Any Borrower who co-signs this Security
<br />Instrument but do es not exrcute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's.tmt; rest in the Property under the terms of this Security Instrument; (h) is not personally obligated toapay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodettons, with reoartl tit the term%of this Sn<_urity InMrunlent t`r the Note - without
<br />that i3arrowcr'sconscnt.
<br />12. Loan Charges. If fhe loan secured by tarts Security Instrument is soturrt to a !acv ;Yhteh set:: maximum loan
<br />%�rxryes, and that law is finalfy crtr�reted set that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed zh.e rvi-mitted limits, then. Of arty such loan charge shatl he reduced by the amount
<br />necessary to reduce the charge to the permitted limit, and (h) an) sums already collected from Borrower which exceeded•
<br />permitted limits wdl be refunded to Borrower Lender may choose to make tins refund by reducing the principal (sutrd
<br />under the Note or by making ,rdirect payment to decay %wer If a refund reduce=-principal, the reduction wtU be treated as a
<br />partial prepayment without any prepayment charge under the Note,
<br />13. 141#slation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effet t. of
<br />tendering am. �,ro%iston of the Note or this Security Instrument unenfor:cahle according to its tezMs. Lender, at its option.
<br />may require immediate payment in full of all sums secured by this Security Instrument and rttav invrku� any remedies
<br />permitted by paragraph I9. If Lender exercises this option. Lender shall take the steps specified'in the%ox-rid paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Hnr:fr_iirer provided form this Security Instrument shalt begwen by delivering it or by
<br />mailing it by first class marl unless applwrable 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 marl to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />pro%ided for to this Security instrument %hall he deemed to have been gi%eri to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing 1.&N; Severability; 'This Security instrurnenushall he go%erned hy.feiJeral law artct the law of the
<br />jurisdiction in which the Property is located. In the event that any. 17M vision or clause of this Secunty fsts,rument or the
<br />'Vote conflicts with applicable law, such conflict shalt not affect uthea.pra%ision, of this Security insttrraincat or the Note
<br />which can be given effect without the conflicting provision. To this end the prcna;iom of this Security =instrument and the
<br />Note are declartd to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note apd of this Security Instrument.
<br />17. Transter of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or arty
<br />interest to it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natraral
<br />person t without Lender's prior written consent. Lender may, at rig option. require immediate payment in full of all s:wns
<br />secured by thrs'Secunty Instrument However. this option shall ct,)t he exercised by Lcnder.•,if exercise is prohibited by
<br />federal law a% i °£the date of this Secunty- Dxxfrument. .
<br />If Lender exercises this option. Uider shall give Borro%riernottce of acceleration. 7 he notice shall provide a period
<br />of not foss than 30 bays from the date the notice is de'isv( and or mailed within w hich Horrow cr must pay all sums secured by
<br />this Se,:unty Instrument. If Borrower fails to pay tFt:vc wins pnor to the expiraton of this period. 1 ender may imt:ke any
<br />remedies permitted by this Security Instrument withoo' ,further notice or demand on Horrower
<br />18. Borrower's Right to Reinstaiiit:. If Borrower meets certain toodmons. Borrower shall ha%t the right rt•.mi•c
<br />enforcement of this Security irtstrume iii dt' (tntinued at any firr,- prior to the earlier of (a) S days for such other
<br />:applicable law ma% specify for reuistatemi tmi) before s.alc oi` the f1 ;.tperty pursuant io ,tray power of sale contimi(A
<br />Security instrumeti4. cur th) entry of ajudgn:eta etifi,rcint tt',r. ���c.tray In.tnlnlent 111•rsr condown%,ire that Httrr .;1 •r
<br />01 pays Lerider all sums which then would he duc under tun 4� unto Instr nice! ,end the time h;ad tit, a. tcicreruu
<br />=•..erred ihi .urt -s any defjult of am other ctt%crcmrs or akrtc- *r,cnts (r) p.iys Lill csi)c•nw% ink tirred to cot „r, inF this
<br />Set unt% irstrunient, m.luding, but not limited to. rer.,onahlo fit ,nu%•.' ices- .anti itfr takes su,h a.toin .t,, I t nti: r n1a%
<br />rras +.n ihlj rcquirr t,• assure than the lien M 1111. %worn% imtrurr, -w I crub•r s rivio, to ifit f'r••tx tt•. asst li :•t r-•.%e i s
<br />hhc ah,•n t., r•.t% the %un1% �r, ul(d h% thus St•.tartt. Ins1r1or.! nr Of ill :..•.r•.,.,. 1, t
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