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<br />89--- 103301
<br />If Lender required mortgage insurance u 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 Borrower's and Lenders written agreement or applicable law.
<br />S. lagwetlon. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condewnnda. 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 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 />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fiactimi: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balaxtae shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender >o Serrower that the condemnor offirs to
<br />make an award or sd de a claim for damages, Borrower fails to respond. to. Lender within 30 days after the date the notice is
<br />given, Leader 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 Lander and Borrower otherwise agree in writing, any appMuttion of proceeds to principal shall no extend or.
<br />postpone the dw We of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payment.
<br />10. parbwer Vot Released; Forbearance By Lender Not a Waiver. Extension of the time for payment ,of:
<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 />payment or otherwise modify amortization of the sums secured by this Security Instrument-by. reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exm- ising any right or remedy
<br />shall not be a waiver of or preclude the exezeLw of any right or remedy. ,
<br />11. Sumesson and Assign Borsad; Joint aed Several Liability; Co-signers, 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. Borrowers 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 Borrowers 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. and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any acc=modntioat with rte to the terms of this Security Instrument or the Note without
<br />that Borrowers consent,
<br />12. Loan ' Ifthe loan seethed by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted to that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed-the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge td the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits wib? be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or' making a direct payment to Borrower. Ha ref inn reduces principal, the reduction will be treated ass.
<br />partial pr q ayrawt without any prepayment charge under the Note. .
<br />13. Legislation Affecting Lenders 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
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified: inethe second 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 uffess applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other:address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />` first class mail to Letrdiees addroR hated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instminent shall be deemed to have been,gfven to Borrower or Lender when given as provided
<br />in this,paragraph.
<br />.45. Governing Law; Seinerability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisditdon in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with'4plicable 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 Copp. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />' 47. 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 (or if a beneficial interest in Borrower is 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 />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<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 sums secured by
<br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />IS. 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 time prior to the earlier of (a) 5 days (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 />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower.
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants. or agreements: (c) pays all expensv. incurred in enforcing this
<br />Security Instrument. including, but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument, I..ender's rights in the Property and Borrower
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17
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