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<br />90-105224
<br />If Lender required mortpge 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 />iastuance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />N. Iagwdoa. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />:ball give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Cardson nom. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation or other taking of say part of the Property. or for conveyance in lieu of condemnation, are hereby
<br />assigned and respell be paid to Ionder.
<br />In the event of a total taking of the Property, the proceeds %lead be applied to t:he suri>IS secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower, la the event era partial taking of the Property,
<br />unless Borrower aced Lander otherwise agree in writing, the sums secured by this §ec.-urity Insimm:ant shall be reduced by
<br />the amount of. %A* mtoceeds multiplied by the following fraction: (a) the total amount of the sunia secured immediately
<br />before the takiia4,- divided by (b) the fair market vAue ei the Property immediately before the talk*$. Any balance shall be
<br />paid to Borrower.
<br />11 the PacVmy is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to
<br />make an award or %settle a claim for damages. Borrower fails to respond to Lender within 30days lefter the date the notice is
<br />given, L ender iet authorized to collect and apply the proceeds, at its option, either to restoration ca repair of the Property or
<br />to the Mums secured by this Security instrument, whether e►r not then due.
<br />'Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />poste vne the due date of the monthly payments referred to in paragraphs I and 2o,., .;badge tltr amount of such payments.
<br />10. Bon"W Not Releaser; Fail "ivnee By Leader Not to waiver. Lmmition r>!i the time for payment or
<br />modification of amortization of the sum - rxored by this Security Inilturrierel pranced by Lender to any successor in
<br />interest of Borrower shall not operate to reww a The liability of the original Borrower or Borrower's successors in interest.
<br />Lerick-, shall not be required to commence prteceeding. against any successor in interest or refuse to enwred lime for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of a., Lmand made
<br />by the oritinal Borrower or Borrower's suecf --man in interest. Any forkhemance by Lender en imem; sting any ?,,Sht or rep-WO.-
<br />shall not be a waiver of or preclude the exercise of any right or rem-
<br />emedy.
<br />11. Successors ante Aalgua Booed; Joint aid Several UaNlity; Co-signer. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns cif Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. A n y , Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only In mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (h) is noes rtruenally obligated to hay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Flom -er may agree to extend,
<br />moififu., forbear or make any accommodations with regard to the terms of this Sv:uriiy Instrument or the Note without
<br />that'Swower's consent.
<br />12. Lamm Marisa, If the loan secured by this Security Instrument in %uhject a► a law which sets maximum loan
<br />charges. and that -r.iw is finally interpreted so that the interest or other loan charges collected or hi be collected in
<br />connection with the roan exceed the permitted limits, then: (a) any such loan charge shall be reduced'by the amount
<br />necessary to reduce the charge io the permitted limit; and (b) any sums already c ollected from Borrower which exceeded
<br />permitted limits will be refisxwed to Borrower. Lender mazy chotise to make this refund by reducing the principal owed
<br />under the Note or My making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepaymetat without any prepaymemt ,charge under the Note.
<br />I& Lesklatkis Affeclitsg Lender% it *bts. If enactment or expiration of applicuhie laws has the effect -
<br />resede6mg any provision of the ?" se or this Security instrument unenfiorceable acc•vr,ding to its tern%. Lender, at its option,
<br />may, require immediate payment in full of all sum% secured by this Security inrr,ru•etcnt and may invoke any remedies
<br />perrhilled by paragraph 19. iif Lender exetcums this o;ptimi, lender shall take the - series 4wified in the second paragraph of
<br />paragraph 17.
<br />14. Notless. Any notice to Borrower provided for in this Security Instrument %hail be coven by delivering it or i•.,
<br />mailing it by first class mail unless applicable law requrrts use of another method. The native shall be directed to the
<br />Prioarly Address or any other address Borrower deswgta.acts by notice to Lender art} notice to Lender sfcail be given by
<br />first class mail to Lenders addre.-us herein or any other addre%% lender defeat . :u1�h by tao-tice to Bornourr Any notice
<br />provided for in this Security Instrument siealr'hd darned to have beer. ,wren to Borrower or l krnxdr when given as provurlcd
<br />l in this paragraph.
<br />1S. Goverai4sg Law; fieverahility. This Secunry, llrawtrumom, shall he governed by federal law and the law t►f the
<br />einw `,,otwn in which the Property is located. In the ere;•,: r$tat any provision or dau%c of the% Security Its %t :: ment or the
<br />None r;x,,,A its with applicable law, such conflict shall ntm affect other provisions of this Security Instrument ..it the Note
<br />which .ma be giMete niece without the conAscsing provision. To this end the provisium. of the% Security Instrumenr area i:$c-
<br />Note a" to be severable.
<br />16. Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this Security In.,tru meat.
<br />17. Trraader of tlse Property or a BeaeBcW laterest la Borrower. [fall or anv hart of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is weld or trataferred and Borrower e% not a natural
<br />person) without Lender's pnor written comvent. Lender may, at it% esption. require immediate payment in full of ill %rims
<br />secured by this Security Instrument. However, this option shall nor he exercised by Lender rf exercise i% proheheted by
<br />federal law as of tke date of this Security Instrument.
<br />If Lender exercises dui option, Lender shall give Borrower rhRice t4a. cekratwm the n qwe %Ye.alf pros i4k a rend
<br />of not less than .40days from the date the notice i% delivered or mailed within which &,rr(PAcr ni w i pay all %um% %ecured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the exporan on of the% peresf, Lender may invoke any
<br />remedies permitted by this Security instrument without further notice or demand on Borrower
<br />111. Borrnwars Right to Reinstate. If Borrower meets certain c.mdttinn%, torrower %hall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of W) S day,- for such other pencil a%
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of wle contained in the%
<br />` Security instrument; or (b) entry of a judgment enforcing this Security Instrument. 1 hie condition% are that Mitr.ower
<br />(a) pays Lender all sums which then would he due under this Security Instrument and the Note had no acceleration
<br />occurred; (h) cures any default of any other covenants or agreement%; (c) pay% all e%penw% enrurred in entueting the-. Security Instrument, including, but not limited to, rea%onablc atiornevs' fees. and (d) take% %uch action A-. Lender n►a)
<br />reasonably require to assure that the lien of this Securely Instrument, l.ender'% right% in the Fhoperty and harrower'%
<br />obligation to pay the sums secured by the% Security Instrument %hall continue unchanged Ulxm reuntaten►etit ht
<br />Borrower. this Security Instrument and the ohliganorn wured herchy %hall remain fulh effe inc a% it no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the va%e of accelrewtion uudet p,,tagtaph% 1 i or 17
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