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<br />89-- 102858
<br />If Lender required 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 />lnsumme terminatew itiracaordsnce with Borrower's and Lender's written agreement or applicable law.
<br />a. I<i Medina ""Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />�. n it live Borrowet MXice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadeisation. The proceeds of any award or claim for damages. director 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 be applied it% the sums Secured by this Security
<br />lnstrunw nt, u►hether or not then dote, with any excess pnid to. Bof4�"�ii wtr 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 ItnstrtaMtnt shall, be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total a�ateount of the steams secured immediately
<br />before the taking. divided by (b) the fair market value of the Pn%perty immedwely before the U1 . At�v dance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Rorsower. or if, after notice ilia• Lender to Borrower 037 the vo;4emnor offers to
<br />make an award or settle a claim for damages, Burrower fails to respond to Lender within 30 daysafter the" crate the notice is
<br />given, Lender is authorized to colteat and apply the proceeds, at its option, either to restoration or repair= of ,.be Property or
<br />to the sums secured by this Security irrsttt meiit, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to prmcipa) shall not extend or
<br />Postpone the due door of the monthly Payments referred to in paragraphs 1 and 2 or change t3n� amount of such payments.
<br />10. Borrower Not Released; Forbearance By Leader Not a Waiver. Extensicm rf t7he.time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Under to an* successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor . in interest or refuse to extend time for
<br />Payment or otherwise modify amortization of the sums secured by this Security Instrument bv'reeason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by 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. Stieceaaoes sad Auk Bound; Joint and Several Liability; Co-signers., The covenants and agreements of
<br />this Security instrument shall hind itad benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />a paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note; (;&) is co- signing this Security Instrument only to mortgage. grant and convey
<br />that Borrower's interest in the Property 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 />modify, forbear or make any accommodations with regard to the terms of this Security I s t r m en I r the trot= »ithAUt
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<br />12. Loss Charges, If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is I;iksily 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 Ilan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b), any sutras already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment. to Borrower. If a refund reduces principal. the reduction will be treated as a
<br />partial prepayment without any prepayment. charge under the Note.
<br />13. Leglalatiios Affecting Lesdeet Rigrts. If enactment or expiration of applicable laws has the effect of
<br />rendering 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 an sums secured Wthis Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided fbr in this Security Instrument shall be given by delivering it or by
<br />mailing, it by first class mail 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 heranor any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall bedeemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. CiVernLg Law; Severability, This Security Instrument shall be governed by federal law and the law of the.
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conf'li:t shall not affect other provisions of this Secuhtty Instrument or the Mote
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Horrowetr's Copy. Borrower shall be given ante conformed
<br />co py of the Note and of
<br />this Security. Instrument. Trander at the Y or a Beneficial Interest
<br />in Borrower. If all or iny' Dart of the Property or any
<br />interest in it is sold or transferred far if a beneficial interest in Borrower is sold or transferred surd 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. However. this option shall not be exercised by Lender if exercise is 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 period
<br />of not less than 30days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />It Borrower's Riot to Reinstate. if Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period as
<br />L applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument, or (b) entry of a judgment enforcing this Security Instrument Those condihuns are that Borrower
<br />(a) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration
<br />occurred, (b) cures any default of any other covenants or agreements, (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to. reasonable attorneys' fees, and (d) take% such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Nmperty and Itorrower's
<br />obbgahon to pay the sums secured by this Security instrument shall continue unchangetl vp.., rcii :etetcim -tit by
<br />Besrrc wer. ►list Security Instrument and the nhhgahom secured hereby shall remain (r,lly effet t).c ris if n,* ncrc•IMai,.n hali
<br />-c urred lfrowcver. this right ici rein%taie shall not apply cn the case (if accelerahim under, paragraphv. 1 i i a r*
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