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<br />90--- 10�192
<br />If bender 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 />insurance terminates in accordance with Borrowers and Lenders written agreement or applicable law.
<br />g. IaWsetWon. L.errder or its agent may make reasonable entries upon and inspections of the Property. Lowder
<br />&MU give Borrower nwioe at the time odor prior loan inspection specilying reasonable cause for the lsspsctiotti.
<br />9. Canton 0111M. tole proceedt of any award or elaim for damages, direct or consequerstial. in connection with
<br />I any condemnation or other taking of any pan of the Property. or for conveyanue 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 />i unless Borrower and ).ender otherwise agree in writing, the sums secured by this Security Instrument stall be reduced by
<br />the amount of the proceeds mullip)ied by the following fraction: (a) the local amount of the sums securer) immedistefy
<br />before the takin& divided by (b) 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 Borrower. or if, after notice by Lender to Borro%vr that the condemner offers to
<br />make an award or settle if claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<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 />Unle:is Lender and Borrower otherwise agree in writing, any application of pnxcedl, to principal shall not extend or
<br />postpone the due dove of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Rowed= Folotow a By Leader Not a Walrm. Extension of the time for payment or
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<br />modification of amortization of the sums secured by this Security Instrument granted by lender to any successor in
<br />intent of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in intetest,
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<br />Lender AM not be required to commence proceedings against any successor in interest or refuse to extend lithe for
<br />payment or Otherwise modify amortiratism of the sums secured by th ►s Security Instrument by reams of any demand made
<br />by The original Borrower err Borrower's sUccir dsots in interest. Any forbearance by Lender in exercoung any right or remedy
<br />WWI not be a waiver ofor preclude the exercise of any right or remedy.
<br />11. $accesses and Asidgtta Blwd; Jolrtt sad Several lability; co- algaers. The covenants and agreerr►ents 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 agreen ents shall be joint and several. Any Ekimiwer wino cci-signs Ihts Security
<br />Itstrument but does not execute the Note: (a) is co-signing this Security Instrument only it, mortgage, grant and convey
<br />*gt Borrower's interest in the Property under the terms of this Security Instrument; (b) is not perumally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any Pother Borrower may agree to extend,
<br />i modify, forbear or make any accommodations with regard to the terms of this Sex unty Instrument or the Note without
<br />that Borrower's consent,
<br />12. Lean (.'1Ysrips. If the loan secured by this Security Instrumem l% subject ton law which sets maximum loan
<br />' charges, and that law is finally interpreted to that the interest or other Mown charges collected or to be cttilected in
<br />connection with the kwu exceed the permitted 5mits, then: (a) any such Itwn charge %hall he reduced by the amount
<br />necessary to reduce the chute to the permitted limn; and (h) any sums already collected from Borrower which exceeded
<br />permitted gimits will be refunded to Borrower. lender may choose tit make this refund by reducing the prrnc►p:,i owed
<br />+ under the Note or by nuking 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. IwgialatMn Affecting Leader's MAIL If enactment ar exploration of applicable laws has the erect of
<br />rendering any Itrovistdtt► of the Note or this Socunly Instrument unenforceable according to rot term%. Lender, at us option.
<br />may require immediate payment in Full of ail sums secured tvp chi% Sommy Instrument and may invoke any remedies
<br />t permitted by paragraph 1q. If Lender exercises the option, Lender shall take the st
<br />psrataph 17. � � slrnified m the sc+ctind paragraph t%f
<br />14. Notices. Any notice to Borrower provided for in this Secuirrri. Instrument %hall he given hf. %Ss,: ?rwtmig a cry by
<br />mailing it by first class mail unless applicable law reyuiro use of another inethod 1 he notice %h4l tic to the
<br />Property Address or any other address, Borrower designates K notice to Lender. Any horses to 14*)Xr tlk+A the given by
<br />first claw mail to Lender's address stated herein or any other atdrm% tender deitrgnate% by notice to l n r: wz: kiq ntNtce
<br />provided for in this Security Instrument shall be deemed to has a been Users to Borrower or Lender %sir,, r gn en as prm rded
<br />in this po ratraph.
<br />IS. Goreniaq Law; Severaltility. "This 5e+cunty Instrument %tar l re g.nernetl h) ftderal law acrd the Iiw of the
<br />jurisdictkrn in which the Property is located. In the event, thw Au% p►ro%mim or taauw •d thn Security ln%srument or the
<br />Note with applicable Iriw. :uch conflict shall not ath i. Mier prt►tt%R'n% 1.4 Ilk% 5ecurt►y Inuturrie,r►T tw the Note
<br />which coot 1)a tress ~ withmat The condming provowm to thas avat the protr%itro% of thi% Serunit, Irsuruaserrt and tote
<br />_ Noun •are ederlared� ba ho- v::4 etaid+r
<br />U. Borrower's Tropy. FAwruwer %hall be git en oche %: twtormed ct ►p) of the Nate and t►f flea% 5ai teem ► In. arumenr
<br />V. srosnr a tie Property err a Bewnew latent is Borrower. If all t,r art) part o Tote pr,Vorrry of env
<br />interest in h is sold or transferred for of a henclictal rnterem m Borrower r% add ter transferred and & crtw.er to. rbw a natural
<br />Pgtwa1 contour Lender's prior written com%ent, lender may, at m optiort, reyulrt immediate payrnent in lull of all %um%
<br />secured by this Security Instrument. litmo cr, this o tilltm %hall rim he exetciwd h% Letuler if tren•sae It probiMted by
<br />federal law as of the date of this Security Instrument
<br />If Lender exercises this o pt►on, Lender %hall gn a Harrower notice of act eieratum the non%c %hall 4.r. ` +wk a pero d
<br />of not less than 30day-s from the date the notice i% dehtemJ tw mailed wuhin which Burr,wer mu%t pay all %um% wuftd h%
<br />this Security Instrument. If Ikvrovvr fads to pry these rums prior to the caltiration tit i hi% prn.d, 1 ender ma) rntr►ke an' It
<br />remedies permitted by ohss Sexunly Instrument w ithtiot tur dwr notice ter deniand am fiat rawer
<br />ltd. ■arreWs RigU to Relsdatt. If lkwrower meett certain conditittr►%, Hot rower %hall ha%t the right to hate
<br />enforcement of this Security Instrument diwotnbnued at any time prior tit the earlier tip" (as '% da%% fair %ouch %whet period a%
<br />applicable law may specify for reinstatement Wore We of floe Prtgtrm rKinount its an% bows► ttf %rte %omfitined in this
<br />Swurily Inururne. t, or (b) entry of a )udgivient enft►rcuip thrt ft urHy 6%nument 1 keno %tmdltutn% are that hr►rrower
<br />(a) pays Leader all sums which then would he due under thit Sctutrt) In%trumenl and the dote had n,, a%%eleration
<br />w- curre%i. (b) cures any default trf an% tither covenants or agreement% t%1 N)% all calwim-% intuirrd in ent,rrunie tin%
<br />SeLunt) Instrument, including. but not limited it%, reautnabk auttrrte) %' tee• and idl a ►e% %u.h �.n„o r% 1 ender ma%
<br />reasonably require to amore that the lien of till% Scturrt) Inttrunrenf. I ender'% right% tit Ihr 111t.pertt at►d Il,.rtttwer'%
<br />oblsgalarn tot pay flit sum► %cured by the% Shunt) Intuument -.hall %itntinuc un%hangt -i t Iran rrm%Irrrnorm M
<br />Ikrnmer, thry Smutit) inotumenf and the r►ttlrgahtrns t4 steal herch) -.hall renlrur lull% efh%Ir%r a% It n. • a, %.ICI„Irnn limit
<br />mcurrod Nowoer, tho nght to rem%tate shall not apps) in 11re d a%%• ,r1 act rioter uai under Iur dKr al�h% 1 1. ,r 1,
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