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99 " 103355
<br />If Lender required mortgage insurance as a condition of making the Wit %&,erred by this Security Instrument,
<br />Borrower shall pay the premiums rrx=uired to ril.inimirn the insurance in cflz: until sii►,i ii„ � ,i5 a' tequlfeinent for (iLe
<br />insurance terminates in accordance with &xrower's and Lender's written agreement of applicable law.
<br />& Inspution. Lender or its agent may make reasonable entries upon and inspections of the Property. lender
<br />shall give Borrower notice at the time efor prior to an inspection specifying reasonable cause far the inspection.
<br />91. Cowdemaation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall lie 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 />1 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 axttount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immedt -.t,dy before the taking. Any balance shall be
<br />l paid to Borrower.
<br />If the Property 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 Lendlee within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its optWri, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then dace.
<br />Unless Lender and Borrower otherwtseagree in writing, any application of proceeds to principal shall not extend or
<br />t postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />! 10. BotTatrer Not Reiaan* Forbearance By ImWer Not a Waiver. Extension of the time for payment or
<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 liab6ty of the original Borrower or Borrower's successors in interest!
<br />4 Lender shall not be required to commence proceedings against any; successor in interest or• rose to extend time Rare .
<br />! payment or otherwise modify amortization of the sums secured by this Security Itrxtrument by reason of any demand made
<br />I by the original Borrower or Becrowees successors in interest. Any forbearance by Lender in exercising any right or renxa*,
<br />shall tw be a waiver of or preclude the exercise of any right or remedy.
<br />' It. Sreeee s and Aashm Bomad; Joint sad Several Liability; Coati mm. The covenants and agreements of
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<br />this Secu6ty thstru rent shall bind and benefit the sturessors and assigns of Lender and Borrower, subject to the provisions
<br />of pa grtaph. M- 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 />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to w
<br />ism 5iiir= socurCU
<br />6y ems xsa city tttstrutttenti am (c) sores that Lender and any other Borrower 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 Borroweesconsent.
<br />12. Lem CAmrses. if thte Wm secin edbyihin Security; instrument is sub to a jaw which sets maximum icon
<br />charges, and that law is finally interpreted so 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 to the
<br />g permitted limiti and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose 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 reduction will be treated as a
<br />Partial prepayment without any prepayment charge under the Note.
<br />1 I& Legislation AAtetitag Lttadar'a R1lgldn- If enactment or expiration of applicable laws has the effect of
<br />rendering any proms of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require imnxidiate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />i permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. INatices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by.fiirst class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Addrm, or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first cla %.mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provideii' 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 />13. (ierersiag Law; Sereralsltity. Thi3 Security Instrument shall be governed by.tw6 al law and the law of the
<br />jurisdiction in which-the Property is located; lei the event that any provision or clause of this•Security Instrument or the
<br />Note conflicts wilts applicable law. such conflLu shall not affect other provisions of this Security Instrument or the Note
<br />which can be givers effect without thecorfil4-tirtg provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to.be severable.
<br />16. Bonet ves Copy. Borrower %full be given one conformed copy of the Note and. of this Security Instrument.
<br />17. Trasder of the Property or a Btselicial Interest is Borrowsr. If all or any •p-arl of the Property or any
<br />interest in it is solder transferred (or if a beneficial interest in Borrower is sold or transferred andr Borrower is not a natural
<br />peratvr3) without Lenders prioirwrittrn consent. Lender may. at its option, requiri, immediate payment in full of all sums
<br />secugtd. by this Security instrurr"i. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security IN, ttpmeni.
<br />If Lender otreises this option, Lender shall give Borrower noiim of acceleration. The niia.•ice shall provide a period
<br />of trot less than 30 days from the date the notice is delivered or mailed within which =$orrower must pay all sums secured by
<br />this Sev -deity Instrument. If Borrower fills 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 er demand on Borrower
<br />16. Borrower's Rlght to R6mMte. If Borrower meets certain condit ions, Borrower shall have the right to have
<br />enforcement of this Security, fa:nerument discontinued at any time prior to the earlier of (a) ? days (or such other period as
<br />applicable law may specify for reimiatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security instrument; or (b) etc ?ry of a judgment enforcing this Security instrumeni. Those conditions are that ft<lrroi4er
<br />(a) pays Lender all sutra which then Would be due under this Security Instrument and the :Tote had no acceleration
<br />mcurted: (b) cures any default of any other cownanti. of agrecnients. (c) pays all expenses incurred in enforcing, this
<br />Sri rifity Imtroment, including, but ni,t limited tai. rew.onuhle attorneys' f •es. and (d) takes such action a.. I ender rrr_iy
<br />reasonably require to assure thiit the iten of this'sr.-cunty Instrument. Lender's right% rn the Pr=perty aril ljorre,ucr's
<br />oblraaiion by pay the turns secured by this Scc.uriq lnl"rurncrit shall cr1ntinue unch:uiFcd 1,pc rr rcm%1ate:s1e1)1 by
<br />FAirroxrr thisS murity invttuittent aiuf Ihc<Ntgatiunssr -tired hc•retsy shill remiunfulls cflE�trtic.r. fi= =,i_�ct: r.uu� r h.r:l
<br />119.curred f irmescr, this fight iii rzins!ate shall c: =rt .;; f+ls an the ., c ==f a, ; t, re:i: n
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