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<br />89--o 103056
<br />If Lender required mortgage insurance as a Condition of making the loat�'xecttred by this Security Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such Owes es tint: requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement•or app'Beat* law,
<br />8. ittgw0lon. Lender or its agent may make reasonable entries upon and•inspeciim.,k of'VKv Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable•cau.Se f%irthc inspecNion.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or c6nivqueniial, ilk connection with
<br />any condemnation or other taking of any part of the Property. or for conveyance its iie13 0f entJernWkion, are hereby
<br />assigned and shall be paid to Lender.
<br />f In the event of a total taking of the Property, the proceeds shall be applied to ehe sums soused 6y this Security
<br />} Instrument, whether or not then due, with any excess paid to Harrower. In the event of a F; r11" al'takirig pt the Property.
<br />unless Borrower and Lender otherwise agree,in writing. the sums secured by this Security IraOniiinont'shalt be reduced by
<br />i the amount of the proceeds multiplied by the following fraction: (a) the total amount t f t�i.s;M os soured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the t,altiing, A v balance shall be
<br />i paid to Borrower.
<br />If the Property is abandoned by Borrower. or if. after notice by Lender to Borrower than She c�r&mnor offers to
<br />Take an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days.afser the due the notice is
<br />given, Lender is authorized to collect and apply the proceeds. at its option, either to restora6kt rte: selir 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 sbamnot extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the atL bunt cTf such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension bf the.¢>ft[tte.&-r payment, or
<br />modification of amortization of the sums secured by this Security Instrument granted by Under to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or BortrswW.s successors in intett+est.
<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 by reason of*4- demand made
<br />s by the original Borrower or Borrower's successors in interest. Any forbearance ley tender in exercising any night or rerWy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Aselgtts Booad; Joint and Several Liability; CAli.algsers. 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 *oiraph 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 />1 that Bormwer s interest to the Property under the terms of this Security Instrument; (b) is not personally.obpgated to spay
<br />-- -- -
<br />`the sums secured by this Security Instrument; and (c) agrees thiit Lender and any other Borrower tot$ agree tta extftd, -
<br />modify, forbear or mat any accommodations with regard to the ECTMS of this Security Instrument or the Dote afithoua
<br />that Borrower's ;orison.
<br />12. Lowe. If the loan secured by this Security Instrument is subject to a law which sets nnaximpmi loan .
<br />charges, and that taw is finally interpreted so that the interest• or other loan charges collected or to be tollecaet} in
<br />connection with the loan meted the permitted limits, then: (a) any such loan charge shall be reduced by ;ihe aifiewt
<br />necessary to reduce the charge to the permitted limit; and (h) any sums already collected from Borrowef.which exoteded
<br />ptelmtitted limits will be refunded to Borrower. Lender may--choose to make this refund by reducing the: principski owed
<br />unite the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be tret}ted,as a
<br />pi4rtia1 prepayment without any prepayment charge under the Note.
<br />13. i.egWiftles Affecting Leader's Rights. If enactment or expiration of applicable laws has' the •cffeca of .'..
<br />rendefing any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at US opRila , .
<br />may rociture immediate payment.iii full of all sums secured by this Security instrument and may invoke any., retriexditos'.
<br />pegjn iudby paragraph 19. [Meader exercises this option, Lender shall take the steps specified in the second paragraphof
<br />patpipaph X17.
<br />!6..'.holtoes. Any notice to Borrower provided for in this Security instrument shall be given by delivering it Or by
<br />mr4n& it by ferst class mail unless applicable law requires use of another method. The notice shall be directed to the -
<br />Prroperty Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given 4y .
<br />fiMctitss mail to Lender's address stated herein or any other address lender designates by notice to Borrower. Any notice
<br />prorii&d for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph:
<br />1S. tsoweraing Law; Severability. This Security Instrument shall be governed by federal law and the law of.the
<br />jurisdiction iii whiieh the Property is located. in the event that any provision or clause of this Security Instrument or the
<br />N+~tt:lllicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note.
<br />itVbkh can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />N,iale are declared to be severable.
<br />16. Borroower's 06py. Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. ')1'raWer of the Property or a Beneficial interest in Borrower. if all or any part of the Property or any
<br />in teatrst en it is$old or•ir2nsfetrled (or if a beneficial interest in Borrower i% sold or transferred and Borrower is not a natural
<br />peiSor.) %ithout. Lender's prior written consent. Lender may. at its option, require ininicdtalc payment to full of all sums
<br />smarexl by this Security Instrument. However, this option shall not he exewiwd by I.entler if exerct%e is prohibited by
<br />federal l'aw as oEptirdate of this Security Instrument.
<br />'If terr 'exefcises this option. Lender shall give Borrower notice of act elertirion 'l he notice %hall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed w ithni w huh Borrow cr nru %t pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these ~urns prior to the c%piram in oft his lwm �d. i ender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on B1 irrowcr
<br />18. Borrower's Right to Reinstate. If Borrower meet% certam condition,, Ilorrowrr %hall ha%e the right to have
<br />enforeem o.r..T41his Security Instrument discontinued at any Utne prior io the carper 11f L•t) S days (or tiuch other period is
<br />L I .. applicable taw may specify for reinstatement) before sale of the Property pur %u;un ttY any lxtwei t +1 -ale , onlained in this
<br />% cC'wfity Instrument: or (b) entry of a judgment enforcing thi% ~county Inoraincot i fist %e conr<htiow. arc that Borrower:
<br />(a .pays Lender all sums which then would he due under tilt% Security limits riot aid tilt' Note had fit) aiceleration
<br />o"— erred, (b) cures any default of any other co%crtanls or agreement% h.► h:ly% .ils c apcli%r% lilt uttedl i1 cnforctng this
<br />°.ieiurity instrument, including, but not Broiled to, reasonable aftortler %' feu, Intt id r tills '..u, h at 11111 ,t% I ender may
<br />de.; umably require to assure that the Iten of thi% Security 11%Itturient 1 rot }+v'c 1111hi . 11: lilt- 1,11,11C.1 I-, anti Burrower•%
<br />{'adlgatlon to pay rile turns %ecured by tilt-, S orrir lwaitmicia %hall hilt "Ll(en1•nt by
<br />- h6rrower,this Ses unty In %irtunent and the oblig"i 1t-, 11'. bP. Ut cd hs.-Fch% 'hall r. '11111 1•,:11.. -1tc it„ .t • ,t tYr lu 4 t'il't ail+ +U It.l<l
<br />t.%eutrrd fIrmevtr. this rilchl to rem %tale %hall not artily illOw—i"d' •i .l. 1'i''t.;fnnuti. �•ri tt.u' +( ! i4 t
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