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<br />90-- 105391
<br />If bender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums regttired to maintain the insurance in effect until such time as the requirement for the
<br />Insurance terminates in accordanoewith Borrower's and Lender's written agreement or applicable law.
<br />g. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />bona give Borrower notice at the time ofor prim loan inspection specifying reasonable cause for the inspection.
<br />9. Coadelandoe. The prooeeds o( any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any pan of the Properly. 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 surna secured by this Security
<br />} s. 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 fraction: (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 balance shall be
<br />paid to Borrower.
<br />If the Properly is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to
<br />snake an award or settle a 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 />j 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 to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbounwe By Leader Not ■ Waiver. Extension of the time for 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 Borrower's suer nsora 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 ofany demand made
<br />by the original Borrower or Borrower's si;cccaors in interest. Any forbears- ace by L.catdn in csercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Jofat and !Several 14 Wlityt Cas1g#en. -fire covenants and agreements of
<br />this Security Instrument shall hind and benefit the suecesson and assigns of Lender slid Borrower, subject to the provisions
<br />of paragraph 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 cosigning this Security Instrument (only it mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; IN I% not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Ik►rrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms (of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument k %uhjecl tit a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest tit other Itian charges collected or to he collected in
<br />connection with the Icon exceed the permitted limits, then: (a) any such loan charge %hall he reduced by the amount
<br />�• necessary to reduce the charge to the permitted limit; and (b) any sums already collected frearrt florrower which exceeded
<br />u. permitted limits will be refunded to Borrower. Lender may clux►sc to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal. the rcduclton will be treated as ■
<br />partial prepayment without any prepayment charge under the Note
<br />13. Legislatlort Affecting Leader's Rights. If enactment or expiration 4►1' applicable haws has the effect t >V'
<br />rendering any provision of the Nee or this Security Instrument unenforceable according tot u% terms, (.ender, at its option,
<br />' may require immediate payment in full of all sums secured by this Srcuniy Instrument aitd may in%ttke any remedift
<br />permitted by paragraph 19. if Lender exercises this option, Lender shall take the steles specified to the second paragraph of
<br />paragraph 17.
<br />;i 14. Notice. Any notice to Borrower provided Mr in this Security In%frunicul shall he given by delivering of or by
<br />mailing it b4, first class mail unless applicable law require% use of anothrr method I he notice shell for directed to the
<br />Property Address or any tether address Borrower designates by notice tot I .ender Any suttee it, Lender %(hall he given by
<br />. first class mail to Under's address state d herein or any other atddre+i% Lender dem Ilustr% by nt►ta:e Its Rorntwer Any notice
<br />provided for in this Security Instrument shall be deemed to have been gtveu a► Mirrowe► or d colder w hen given oa provtdcd
<br />in this panig►aph.
<br />IL Graining Law= SeveraWlity. This Swunty Instrument shall he junernesd by fr%k'rnl law slid the [taw of the
<br />+' juriou iction to which the Properly is locate!. In the event that any provi%ictn or clausr 411 '1111% ~aunty lowtument or the
<br />No+le COMM wixb apple aWe law, such conflict shall not a5rcl other prow wisi t oti this tier ifity Instrurnent or the Note
<br />which cari br.gtivei of er wtthuut the conflicting provision. To this end the proinums of Chi% Sr.uril) Insuunseni and the
<br />Note art: declared to be severable.
<br />IC Borrower's
<br />eo'y. Borrower shall be given eerie ct►nftirmed cop) of the Note and of she+ tietiunts himtrumenr
<br />- -.. _. .. ... vr_. •� ... 0 asit�tat,.wt •cost sus tw �rvwR, n coq ..i ■n) rgrtl th ell(' I"P.pt'rl }� nr any
<br />Interest in it is will or transferred (or if a beneficial interest sir Burrower is vtdd or Iranmferrrol arced IlttrrI iwrr i% not a natural
<br />person) without Lender's prior written consent. Lender may, at its optdttr. tewite unmrJirtr tiny uienl in tutl of ill rums
<br />secured by this Securily Instrument. However, this option shall noel he esersi%ed by Leedom of rteriviw r% ptohrMted by
<br />fedenl law as of the date of this Security Instrument.
<br />If Underexercisn this option, Leander shall give Ilaratvver nout:e of actefrraii,ai I hr nosier +Iwll utnty air a penes!
<br />of not less than 10days fwm ,.hc date rhe rushee it dehvered OF mailed within which I1te►ro►sco, ntu%l tw% e11 .uois sec urt%f by
<br />this Security Instrument IJ R#cwrcr4wr;Vu to pay these sums prior to the e%piratioit at this for sal, I ender mss invoke any
<br />rentedinpirmOtedby this Sawaa• Fri%iYumentwithout further notice or demand ear lhinower
<br />It 11Wftweel 1'iidg of tot ffi fiaatate. If Borrower meet% certain etntdition%, lklrrower %hall heir the eight at hdovr
<br />enforcement d this Security Instrument disevrotinued at any time prior tit the earlirroil la► %dw +tor %sidle ((riser perarl a►
<br />applicable law may specify for reinstatement) before sale of the Progvtt} pursuant its env ptewer o►1 mtrh•. onldlil of sit the%
<br />Security Instrument; or (b) entry of a judgment enfomoog thin Security Invtrunent I hteme doouluiom err Clint 16t1rt.wrr
<br />(a) pays Lender all sums which then would be due under this Security Ismrunicni and the Note fad u-t at.rleiruou
<br />txccurrted; (b) cures any default of any other covenants sir agreemrnl%• (cl pays ,ill rnflrnwls itit uurd sit vntot. in$ till+
<br />Security Instrument. including, but not limited to, reamillable attorney%' fir+ and oily take+ midi ud ttt•o A+ I t•tt,b•r trt,d+
<br />reasonably require to assure that the lien of tilt% Security In%ttunient. I ender'+ right% in ihr 11r.ga -ri► ,tad li,,ert.wri +
<br />obligation to pay the sums %(cured by this St: -urety In%trunient %hall vvitionuc unefuinKctl l p,.n men +iannuoe h+
<br />Borrower, thi%Securty Instrument and theotbligationoo vocured hereb %hall rrm.ine lull eHrotot n%it n„ �.,,rlt t.rt.m he,t
<br />occurred. However. this right to reinstate shall wool apply to the came t it's,, celerahon under Ilarax# aph% 1 t ,•i I',
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