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<br />89- 102891
<br />If Lender required mortgage insurance is a condition of making the Iran secured by this Security Instrument,
<br />Borrower %hall pay the premiums required to maintain the in%urance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's 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 gi%c Borrower notice at the time of or prior to an 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 part of the Property, or fir conveyance in 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 proceeds %hall 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 venting, the sums secured by this Security instrument shall be reduced ivy
<br />the amount of the proceeds multiplied by the following fr,icti.on: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Psi, *perty amtmMiately hefore the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is ibandmicd t%v Borr %MHz.;, or if, after nvtic; by Lender to BoTr%%vicer that the candemnor coffers to
<br />make an award or settle a claims for damages, HOrrower fails w respond tt% Lender within. 30daysafter the date the notice. is
<br />given, Lender is authorized to collect and apply the proceeds, at its opti�m, either to or repair of the Property 'OT
<br />to the sums securest by this Security Instrument, whether or not then due.
<br />Unless% Lender and Borrower otherwiw. 4T" to wnttng, atw apply, arion of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments riefersed to in paragraphs 1 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 he required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amorivatton of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors ut interest. A n% forbearance by Lender in exercising any right or remedy
<br />shall not be a w•awer of or preclude t he exercise of any right or remedy
<br />11. Successors and Assigns Bound; Joint and Several i.isbility; Co- signers. The cmenants and agreements of
<br />this Security instrument shall hind and benefit the successors and a%%ign% rf Lender and Borrower, subject t o t he provisions
<br />of paragraph 17 Borrower's covenants and agreements shall be joint and several. Any Borrower w ho co-signs this Security
<br />Instrument but does not execute the Neste: (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; (h) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that I.ender and any other Borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard to tho terrns of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. loan Charges. If the loan secured by this Securty instrument is subject to a law which sets maximum loan
<br />charttes, and that law is finally interpreted ,;o that the tnter" or tither loan charges colfcctc: or to be collected in
<br />connection with the loan exceed the permittW limits, then: 1a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums agmady collected from &-)rrower which exceeded
<br />permitted limits will be refunded to Borrower lender may chome, to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Burrower If a refund reduces principal, the reduction will be created as a
<br />partial prepayment without any prepayment charge under zL e time.
<br />13. Legislation Affecting Lender's'Rfghts. if enactment or expiration of applicable laws has the effect of
<br />rendering any pro%isioh of the Note or this Srr-uray instrument unenforccable according to its terms.. Lender, at its option.
<br />may require immedrate payment in full of all sums secured by this Security instrum mi and may invoke any remedies
<br />permitted by paragraph ly. If Underexeri;ises this option. I.ender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower prov ided for in this Securiti, 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 ,hall he directed to the
<br />Property Address or any other address Borrower designates by notice to I.ender. Arty notice to Lender shall be given by
<br />first class mail to bender's address; seated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall he deemed it, have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security instrument shall be governed by federal law and the law of the
<br />jun%dteiion 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 he given effect without the conflicting provision. To this end the provision% of this Security Instrument and the
<br />Note are declared to be severable.
<br />16, Borrower's Copy. Borrower shall he given sane voul'urti►cd copy of the %ante and of this Security instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (tit if a beneficial interest in Borrower is sold or transferred and Borrower is nt)t a natural
<br />person! without lender'% prior written consent. Under may. at its option, require immediate payment in full of all -sums
<br />secured by this Security Instrument. However, this option %half not he exercised by Lender if exercise w prohibited, by
<br />federal law as of thedate of thi% Security instrument
<br />if lender exercises this option. Lender shall give Borrower notice of acceletation 'The notice %hall provide a period
<br />of not less than 30 day-%from the date the notice is delivered or marled within which Wirtuwer must pay all surly, secured by
<br />this Security Instrument. If Borrew!er fazes te, pay these sum% prior to the expiration of zfus pertcti. Lender may invoke any
<br />remedies permitted b,• alms Securttyr tnsts- amen., - without further notice or demand on Borrower.
<br />18. Mirrower's INtclght to Reinstate. I.f I irrower meets certain cctndmon%, Borrower - whilt•.fhave the right to have
<br />enforcement of the%S!cci:taty Instrument d %scnC'itwcd at any tirne prior talhe earlier of. (a)i 5 daysifor such other period ai
<br />apphc;_,h1r,Baw rtn:i� speetfy for re2r,statenicnttfcfrire sale (if the Prt, e:ty- pur%uaw 10411y liouerof %ale coman"t'd in th•r,
<br />Seruriry'1sas5ttr�rtxcnt, E ►r (h► snit} of a ludf rrset:r. snforctna 13ta4 4ee arst} Instrur :, rxTM Tf.��%e ,:o: difions arc their Tdorr+iaser
<br />far pay-, I ender al "UMV which then w4mi'G he due cinder iht% Set,.rttl;y lr%trumew and tl,. Note had no accelcrau-n
<br />oct urred. fbi rurc> Ili 3 %.. tic-fault agteemtents: fcy pa%, ail expert%e% incurred in cnf Being rh ;%.
<br />Security 1n %tr:ltiart; an_•'.jding but not Itttret3 t,,, rrasonzfileattt,rtc•c.ts'fie %, am: tali raite %,;;_tr ar:tion a% 1 c•11det may
<br />reavnrcihly rcqurtc t.• ., %%urc that the 11(•11 r,f tilt% Sc%urity fn%trurnent. 1 ender'% rtlti�;, m the I'rr•f ern :uxt 11„rrrtwrr'%
<br />•,t,isratr,m 1„ the %,rr,% ,^ :Ijrrd h% tilt% Seturtty In,trurnerit %h ill t•,nlrutr urt._h.lrtctf I'h.,n rrtn%t.trrntrn: h%
<br />lir,►r••sr•r thi,tic,unt. I!, .rr•.u.:, ^t.t:uuifill- unallicrvf,t Omi: rr:u.rtr full•.,ff,,a,.•
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