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89011'0'� ♦ 6,2 73-ir
<br />If i ender required mortgage in %ur.nice a% it condimon of ntakutl) Out Ivan. secured h) this Security Instrument.
<br />Hcirrowrr shall ray tha premium% required to maintain the insurance it) cffiwt, until such tonic :s the requirement Wr the
<br />insurance terminates tit accordance with Borrower's and Lender's written.agreement or applicable late.
<br />A. Inspection. Lcnder or Its agent may make reasonable entries upon and inspections of the Preperty. Lender
<br />%hall give Horrower notice at the time of or prior to an inspeclion specifying reasonable cause for the Inspection.
<br />9. Condemnation. 'The procces of any award or claim for damn &es, direct or consequential, In connection with
<br />any condemnation or other taking of any part of the Property, er for cutn,%,eyance m 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 prrcceds shallhe .iFpliod.w-tbe sums secured by this Security
<br />instrument, whether or not then due, with any excess paid to Borrower. If;, the event-0f a partial taking of the Property,
<br />unless Horrower and Lender otherwise agree in writing. the stirs srqured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fract;,:rt. (at the t;,tsl amount of the sums secured immediately
<br />before the taking, divided. by (h) the fair market volue pf the ately before the taking. Any balance shall be
<br />paid to Borrower
<br />If the Property is uhandoned b% Borrower. or if after itvIz.i:e F-% l ,;_f ,:r to Borrower that the condemnor offers to
<br />make an award or settle+ a claim for damages, Borr;iwcr farh. ha re!gvitd Ire Lender within 30 days after the date the notice is
<br />given. lender is authormes) to collect and apply ittf: ptoceeds, at its option, 66n—r to rem oration or repair of the Property or
<br />to the sums secured by slits Security Instrument, wht:ther or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any applicativni "of procm -d-, to principal shall not extend or
<br />postpone the due date of the monthly pay menu referred to in paragraphs I and 2 or c hsz�gr the amount of such payments.
<br />10. Borrower Not Released; Forbearance By lender Not a Witiver. Exirt;.v,n of the time for payment or
<br />modification of amortization of the sums secured by this Security ilistru.tnc'nt granted bj• tendl:r to any successor in
<br />interest of Borrower shall not operate to release the liability of the origina!,1. &Orrower or Borro%or'i:.successors in interest.
<br />Lender shall not he required In commence proceedings against :tn) suo:%�%or in interest or refuse to extend time for
<br />payment or otherw Ise modify amortiramon of t he sums secured.hv tbi% Security Instrument by reason of any demand made
<br />by the original Borrower or Horrower's successors in Interest. A.it1 forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or rcutcd%
<br />I1. Successors and Assigns Bound, Joint and Several liability: C11,- signers. The covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of Uzxider and Borrower, %uh)ect to the pro%isions
<br />of paragraph 17. Borrower's co%enants and agreements shall be joint and %e%eral. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note. (a) is co- signing this Security Instrument dray to mortgage, grant and convey
<br />that Borrower's Interest in the Property under the terms of this Security Instrument: (b) i% not personally obligated to pay
<br />the sums secured by thus 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 without
<br />that Hormwer"S crmierlt.. .
<br />12. Loan Georges. If the loan secured bs this Securtty. Instrument is subject to a law which sets maltimucn loan
<br />charges, and that law is finally interpreted %o that the interest or other loan charge% collected or to he collected in
<br />connection with the loan exceed the permitted limits, then- (a) an) %u•:is i'oan charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit, and (b) any surns s'crady collected from Borrower which exceeded
<br />permuted limits will he refunded to Borrower Lender may cho ow to ^ zke this refund by reducing the principal owed
<br />under the Note or by making a direct pay mint to Borrower If .t refund reduce•% principal, the reduction will be treated as a
<br />partial prepayment without an) prcpecnicni charge under the Note
<br />13. Legislation Affecting Leader's Rights. If enactment or ..tiptration of applicable laws has the effect of
<br />rendering asp% pro%mon cf the ~vote or this Security: instrument unenfiorcoz Irt according to its terms. Lender, at its option,
<br />may IeNukre immediate payment in full of ail %urns %ccured by this Secac'i:v In%trunneni and may invoke any remedies
<br />pefrmwed N1. paragraph 19 If Lender exercises this option, Lender %hall take the steps specified in the second paragraph of
<br />flac4graf,h!'1 %
<br />14: Notices. •any notice to Borremer provided for in this Security Instrument shall he given by delivering it or by
<br />rnading it by first cla';%. nail unles% applicable L" requires use of anothre method The notice siza'?I be directed to the
<br />Property Address or any other addre-ss Borrower de%ignates hi notice it, lecider. Any notice to Leader shall he given by
<br />first class rna..;l ic• Lender'% add rt >w..r.sr !d hereut or any other addres% I Crider designate -%'r. r ;tones m Borrower. Any notice
<br />pm %idled for tin; this Securtty Instrument shall he deemed to hste been gia en !o liorro- At:r,,;r lender when given as provided
<br />lit this paragraph
<br />15. Governing Law; Severability. This Security Instrumen! Q-,,i`.!: t.% goaerned by federal law arid the law of the
<br />Junsdtett,+r to which the Property is located. In the event that any clau %e of this Security Instrument or the
<br />Note confli.m. with applicable law, such conflict shall not afro: other pr(ivI%,ion% of this Security Instrument or the Note
<br />which can brgiver, effect without tLta.,conflicmng provision rr.,Y: is end the provision% of this Security Instrument and the
<br />Nletc arc declared to be se%erah.'e'
<br />16. Borrower's Copy, &rtrr +•wcr shall use it:en one cor:fornird :r-) elf dir Note lurid t,f thmSccurtty Instrument.
<br />17. Transfer of the Property--or a Beneficial Interest in Bormwev: If all or an) part of the Property or any
<br />interest to it %% ,,old or transferred (or ifa hencftcial interest in Borrower t% Nold or transferred and Hopetier I% nnr a natural
<br />per %ono without Lender's prior %mi- n _onwnt. Lender may, at it %or »on. require immediate payment to fullofall sums
<br />secured by this Security Instrument Hoy%c%cr, this option shall not br exeici%ed by Lender if exercise c% prohibited by
<br />federal law a %of the date of this Security Instrument
<br />If Lender exercises this option. Lender shat! gr.c Borrower notic,: of acceleration. The notice %hall provide a period
<br />of not less than 30 da%%from thedate the notice t%delnered /•r mailed within which Borroue•r must pay all sums secured by
<br />this Sccurit) Instrument if Borrim er falls io pay These sum% prior to the expiration of this period. l.cnder may tr,Vvke anv
<br />rtmedie%permitted by ihi%Secunty instrument without further notice or demand on Horr/rwer
<br />18. Borrower's Right to Reinstate. If Borrower meets certain condition .. Burrllwer shall iia,e the right to h,t%e
<br />c•nfort.cmeni ref this Security Instrument discontinued at any tune prior to the earlier „f (al y day% (ill- such other period a%
<br />,ipplitatric law may %lx.tfv for reinstatement) hefote %air of the Property pursuant to arts l,tnacr of %ale -mitained in thi%
<br />Set uric instrument (,r tbi entr% .if judgment enforLmg this Sea;utiti, lmtrurnent ihose oltiditmti %:ere• chat H!,rrower
<br />per p'l,e% t t -nder all .tuns which then could he due under this Seaurit% (n %mine' .md the N,-w Ii.id m• aaacicration
<br />,ut.ra•et 011 . urn-% .ot% def.iult .•t any other cotic•nant% or aj!rec•rnrtu% to 1 l,,ty% Al et f,rnse% incurred in ctiforimig this
<br />4fa r.rll'• 11101•1mrto .15t 1!1d1r!.. lint lint hatted t1, te,i %•'riable Jti, Jite'y% fco, Jn,t I,tl Tike% .tit h ,U 11"ll .1% 1 Clhf I M.P.
<br />pass n.ehly f•,j.nt• 1., ,l'.%,r.r 111"I tht• ►t('n r•I tht% Security Instrontcof I ,n,!,1 . rip-111, •r• the l "Topelf% .nil Il:,ftoaa t .
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