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- 90- -105DO
<br />If Lender required morfgttgt insurance as 4 condition of tasking the loan secttrd by-thig-SecuritY-InStrummL ' Borrower shall pay'the premiun required to maintain the insurance in effect until such time as the re4ttirement for the ;
<br />` 'insurance terminates in accordance with Borrower's and Lendees written agreement or applicable law.
<br />Lender or its agent may Make reasonable entries upon and inspections of the Property. Lender .
<br />8, Iaapectiota.
<br />. shaligive Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />t 9. Cortdeasaatloe. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of crmdemnatidn, 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 stuns 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 />Lender in writing, the sunis'secured by this Security Instrument shall be reduced by
<br />unless Borrower and otherwise agree
<br />_ • - -= r -the amount of the proceeds multiplied by the following fraction: (a) the total. amount of the sums secured immediately -
<br />the Property anmediatee Y before the taking. Anybalance-sliall be-'-
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<br />before the taking, divided by (b) the fair market,value of
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower,, or if, after notice by Lender to Borrower that the condemnor offers to
<br />i make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
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<br />'. given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification. of amortization of the sums secured by this Security Instrument granted by Lender to any 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 />by this Security Instrument by reason of any demand made
<br />payment or otherwise modify amortization of the sums secured
<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 ofor preclude the exercise cif any right or remedy.
<br />11. Successors sad Assigns Bound; Joint and Several Liability; Cosigners. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of 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: (a) 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 />the terms of this Security Instrument or the Note without
<br />{
<br />modify, forbear or make any accommodations with regard to
<br />that Borrower's consent,
<br />12, Urn Charges. 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 />with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
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<br />connection
<br />necessary to reduce the charge to the' permitted limit; and (b) any sums already collected from Borrower which exceeded
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<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
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<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. Legislation Affecting Lender's Rights. 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 all sums secured by this Security Instrument and may invoke any remedies
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<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in these I c ond paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for 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 />Borrower designates by notice to Lender.. Any notice to Lender shall be given by
<br />Property Address or any other address
<br />first class mail to Lenders address stated herein or any other address Lender designates by notice to Borrower, Any notice
<br />be deemed to have been to Borrower or Lender when given as provided
<br />Provided for in this Security Instrument shall given
<br />in this paragraph.
<br />15. Governing Law; Severability.. This Security instrument shall be governed by.fcderal 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 conflict shall not affect other provisions of this Security instrument or the Note
<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. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial interest in Borrower. if all or any -par[ of the Property or any
<br />interest in it is sold or transferred (or if a bcKtefirial interest in Borrower i� sold or transferred and 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 />Instrument. Ifowever, this option shall not he exercised by Lender if exercise is prohibited by
<br />secured by this Security
<br />federal law asofthcuatc in`iitis JCL iiiiiylr ;tistttct3t.
<br />if lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all mums secured by
<br />this Sr =urity Instrument: If Bfnf wer Erik it- pay these sour,. prior.to the expiration of this pertod, Lender may invoke any
<br />remedtes permitted by ibis Security IEt ;iluntent without further natiee o r demar- d tin lPirrvwer
<br />18. Borrower's Right to Reinstate. if Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security instrument discontinued at any tittle prior to the earlier of: (a) S clays (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />7t.
<br />Security instrument: or (b) entry of a juclgrnent enforcing this Security instrument. 1 hose conditions are that Borrower.
<br />(a) pays Lender all sutras whwh then would he due under this Security lostrurnent and the tithe had do acceleration
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<br />occurred; (h) cures any default of any" other covenants or agreements: ft:) pays all expense% incurred in enforcing tilts
<br />Security Inn trumem,. indudtng, but not lintited to, reasonable attotnes-L` fees. ar{td fdi take: utter: dctEOn at 1 s:rtcicr may
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<br />rea��nably rcye+trc to assure that the lien of this Security histtuntent. Lender's tirltt% nn th- Prolse and Corr +{art`s
<br />obligation to pay the Sant% scored by this Secur{ri instrument 41.111 L- nit ;utit• iotch,Engm Upon rowfatcumtd by
<br />ttorrotrer, thn `county instrument sort thctE,hhg troll. see ured hcreh� shall rcn{.ttu Fl,1ly cRccnoe 't- d n,.r ;a'relrr.,tr{ n had
<br />t•G:uRe(! Ilouti4rr. tills rlgltt th rrlltstittc C}E;ril not dl•tly l!t t11C t dtiC {•� ,EC F't'll'rAtkfi ltRth'T t•.{td�'ra1•It� l t !r 1'
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