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0"I
<br />89-- 103396
<br />j� if Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument, `
<br />1 ' 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 Lender's written agreement or applicable law. t �•
<br />�• Itutreetloa. Lender or its agent may make reasonable entries upon and inspections of the Property. tender
<br />shall give Borrower notice at the time afar prior to an inspection specifying reasonable cause for the inspection.
<br />!. Caatiernsatles. The proceeds of any award or claim for damages, direct or consequential, in connection with l
<br />any condemnation or other taking of any part of the Prc*,po tai, or fur conveyance in lieu of condemnation, are hereby 1
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the in&ft&s dual] be applied to the su cis; vtu ed by this Security
<br />Instrument, whether or not then due, with any excess paid tel 1kwr6wer. in the event of a pirti:tl �Akirig of the Property -
<br />unless Borrower and Lender otherwise agree in writing, , . +
<br />a8 g the sums secumd aY this Sa'urity 1lnstr�imc.rtR �.fsai! be reduced by ..�
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of ibe makht. wcared immediately
<br />before the taking, divided by (b) the fair market value of the Property inivigdistely before the tal;+uu , Any balance shall be j -
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice. ley Mader to Borrower that the condemnor offers to
<br />make an award or settle,%claim for damages. Borrower fails to s,-sponcl t , iLender within 30 days alter the date the notice is
<br />given, Lender is authorised to col C, and apply the proceed, st4 iu option; either to ct storotion or repair of the Property or
<br />• to the sums secured by this Security instrument, whether or m then dare:
<br />Unkess Lender and Borrower otherwise agree in writing, any appliwstion of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs; .t. and 2 or change the amount of such psymerits.
<br />It •Borrower Not Released; Forbearance By Leader Not a waiver. Extension of the time for payment or
<br />modilk,*tion.of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest or Borrower shall not operate to release the liabithly of the original Borrower or Borrower's successors in interest.
<br />; Lender shall not be required to commence proceedit!gs against any. successor in interest or re- Cuse,to extend time for
<br />payment or otherwise ittmdify amortization of the SUM secured by this purity Instrument by reasc> of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any fortvarince by Lender in exercising any right or remedy
<br />WWI not be a waiver of sir preclude the exercise of any right ot; rerwdy. _
<br />11. Succeamrs and Asslpas. Bound; Joint and Several Liability; Co•signem The covenants and agreemnts of !_
<br />this Security Instrument shall birldond benefit the succewmand assigns cf Lender and 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 co-signing this Security Instrument only to mortgage, grant and convey.
<br />,h.i.! sowrr•s itat : i:.::;c °; ;, „y ;;rrdcr tic toms of this Security instrument; (b) is not personally obligated to pay - -
<br />the sums secured by this Security Instrument; and (c) agrees 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 vrit1,mt
<br />that Borrower'sconsept.
<br />12. Loan Charsa. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<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 />r
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted ,limits will be refunded to Borrower. Lender may ci!oose to rryke this refund by seducing the principal owed .
<br />under the Note or by making a direct payment to Bbrroweri Ifta refund reduces principal, the reduction will be treated as a .
<br />partial prepayment without any prepayment charge under tl+.r Note.
<br />I& L &Istion Affecting Lender's Rights. if enactment or expiration of applicable laws has the t1i'ect of
<br />rendetingany provision of the Note or this Security instrume: e•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 r&L-e the steps 1 e
<br />paragraph 17. ps specified in t.tr ?eCt�nd paragraph of
<br />16. Notices. Asxv notice to Borrower provided for in this Security Instrument's hall be given by d'elrveiing it or.by ,
<br />mailing it by first class trail unless applicable law requires use of another method. The notice shall be directed wthe
<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 Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided 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 />15. Governing haw; Severability. This Seccirit }. Ins;ttument shall be governed lay federal law and the law of the
<br />,. jurisdiction in whicb the Property is located. in the event ghat any provision or clause (if this Secarit:y I ere:. mnr or the
<br />Note conflicts with applicable law, such conflict shall not affect other prop;ai&t, of this Security frssrum^ent. or the Note
<br />which can be given effect without the conflicting ipmavision. To this end t4c provisions of this Security Instrurew and the
<br />Note are declared to be severable.
<br />16. Borrower's Cory. Borrower shall be given one uniformed copy of the Note and of this Security'-. Instrument.
<br />17. Traasftr of the Property or a Beneficial IatereW 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 Wwrower is not a natural
<br />Person) without Lender's prior written consent. Lender may, at its option, require immediate payrrtrr in full of all sums
<br />secured by this Secunty Instrument. However, this option shall not be exercised by Lendici 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 prm idea perioxl
<br />Of not less than 30 days fiam the date the notice is delivered or marled within which Borrower must -,13y all sums se
<br />cured by
<br />this Security instrument. If Borrower fall to pay these sums pnor to the expiration of this periml, L,cnder may Invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />III. Borrower's Right to Reinstate. if Borrower meets certain conditions, Borrower Shall have the rri,>.1
<br />enforcement of this Smurity instrument discontinued at any time pnor to the earlier (if. (a) 5 day% (or Such othez pZ iic+cf A
<br />applicable taw may specify for reinstatement) before sale of the Property pursuant to any power of ~ale cr nit <tmed nt tills
<br />Security Instrument, our (b) entry of a judgment coforcing this Scvutrty Imirument Those co+nditu ,I% are that flourmo
<br />(a) pz), Leader all sums which then would Ix due under flit% `;courtly Instrument and file M11c had no ate ric•raiir,n
<br />ckr urrcd• (hf tour(,% ally default (if any tether c.o%enant, or agreements. (cl p:i)% all experlw% urcurrrJ ur cntr,rcinf: tilts
<br />SrLUtlip lct�frt!4t? !!!. lt:ca`S(1S:,r,_ fIt mitt lifildrd lip, reasonable miorncys' fcz%, rind ide aloe~ %uai acnan .t% 1 cntfc•r ntas
<br />rrxu,n;4l1fy rrrjurre tip a%suie that the hen of this Sccunty In%tritment, i.ender•% rrl ;hf, an thr• l'n•perf% ,triri Nrnrr,wcr•%
<br />+ +hErgam:s, fir ► the surnvt %enured try tilt, Scutroty fnr,trunictif %hall cr.rriiuue unc)r.anf,ct! (frvr rrtnstetrnunf h.
<br />Irr•trr,svcr- the. S:..Intt ire ttuuirnt ;and file rrhhgAliurts %mtirccf perch} %ha!I rr�rrr•rni frr{h r fTrntr.c ale It nr•a�.etrc. +tr +vr had
<br />rz :urccl it, +xnrr thew► ghtt orernsfateshall wit apply in the ..��t�,(rt_ crier .rti••nr,nrlrrtr.cr, +rt.ral +h {c.,r i'
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