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89--• 103459
<br />If bender required mortgage insurance as 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 Lender's written agreement or applicable law.
<br />fi. laspeetioa. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coadenteatim. The proceeds of any award or claim for damages, director 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 />unie► Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be wduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the teal amount of the sums secured irtntitediately
<br />1 before the taking. dividR,rd lby (b) the fair market value of the Property imtksdiately befix.e the taking: Any balance shall be
<br />paid to Borrower.
<br />If the Property is *la n&-" li try. borrower. or if, after notice by Lender to Bermwer that the condemnor oleo to,
<br />mrAke an award or settle at,-Wo for id x xiges, $otmawer fails to respond to UmAitr within 30 days miter the date the noi=i is
<br />given, I;e+Ar N authorized to cx-O v pod ,apply tie proceeds, at its option, Ether to restoration or rgarr of the. ft+I ny or
<br />to the stiirQasse� sad lay clauaSeciiritl' lttstrumtent; rt)rether or tr�%t them drzrr_ '
<br />I,�aabps Lerti#em+itad Borrower otherwise agree in writiyg,•any appli"tion of pnveeds to principal shall net extend or
<br />44 postpone the due das& of the monthly payments referred to in paragraphs: I and 2 or change the amount of such payments.
<br />10. Borrower Not Rakased; Forbearance By Leader 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 liability of the original Borrower or Borrower's successors in interest.
<br />Leader shall riot 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 exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Sneraaars and Aseips Boastdt Joint and Several Llaltfllty; C"Igam. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successon and assigns of 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 />iim aorrvwct's mit:resi in tint i-rvperty unticr tie terms of this Smuriry instrument: Np is not personally uinigaiea 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 without
<br />that Bmrower's consent.
<br />12. Loses Cberps. 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 tk*t the interest or other loan charges collected or to be collected in
<br />tottncction with the loan exceed the permitW Uirsim then: (a) any such loan chime shall b� reduced by the amount
<br />necestaryi to reduce the charge to the permitted Umit: and ib) any sums afradg- cc4lm;M from Borrower which exceeded
<br />permitted limits will be refunded. to, Borrower. Leader may chimse to mtafre this refund by reducing the principal owed
<br />under the Note or by mOmS a dirmt payment 1a Borrower. If a refund redo:: principal, the reduction will be treated as a
<br />partial prepayment without any prepayment clut:c'ge under the Note.
<br />13. LgOslstloit Aftetittg Lender's PJWM& if enactment or. expiration of applicable litwrs has the effect of .
<br />renderingt any provision of the Note or this Security instrument unenforceable according to its terms. tender, at its option,
<br />may require immediate payment in full of all sums secured by this Security instrummi and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps sgiccified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall he given by delivering it or by
<br />' mailing it by first class mail unless 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 Leader. 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. Coverafng Law; SevemMilty. This Security Intrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Mote conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument of 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 />ti. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any pan 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 wnTten consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrutrrrnt. However, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Si;wanty instrument.
<br />If Lender exercises this *iii m Lender shall give il�rrower notice ofacccleraP.tan. The notice shall provide a period
<br />of not less than 30 days from the &fpthe nori+caeis delivered -ear mailed within which. &,rrower ri?wff pay all sums secured by
<br />this Security instrumima. If Doit+ow'er' fails toPXV-1hese sums prior to the Mrptration Of this perioAi", Lender may invoke any .
<br />',.c remedies permitted bw ¢ltiy Secutiiy thbitunwn,t wyithout further riottce (wdeotarid on lkirrower.•.
<br />I& ION. 1tiiRltt is Iki�Gastttrtt. ff'&nrrower reiites certain c4vddtty,ris, W,).Txouet i5Y i l have the right to have
<br />enfarcarat-ew oftha Security Irctgnkdu ent discontinued at any- time prior-to e! a earlier cf: (a) 3 days (or such other-pevt+n& as
<br />applicable law may 10ftifyx f(ir reinstatement) Before sale of'the Property pursuant to any power of sale contairted m t'hiw
<br />Str:urity Iftstrumwrat , ov (W entry of )udgme7l41 enforcing this Security ItTstrunnent. Those conditions are that Horrnwer.
<br />(a) preys Under all gems which then would be due under this Security Instrument and the Note had no acceleration
<br />axurted, (b) cure% any defatill of any other covenant% or agreements, (c► pay% all expense% incurred in enforcing this
<br />Sm -arity instrument. including, haT not limited to, reasonable attorneys` fees, and id) tikes such action is t ender may
<br />resumahty require tmm ure that the hen of this Security instrument. I.ender'% rights in the Property and liorrow•et'%
<br />,�hbv,itaoi to pay the tunic .enured by this Security 1wtruntrrit shall continue unOtatiped 1'pim rein %tatemew by
<br />Rortower, tfu, tir;.urit} iw trume ut and the ahhN',.tluron�. s:cerett h;•rvt.y %h;rli remain filly cffcov%e a-, if nn acceleration lim)
<br />+k�urre ;l lii.ric +rr. thi4 tiisht ti+ rim %trite ¢ ?calf sot ntsl•ls in the• c:i +.e r.f :i_, cli•r,,r „n, i,udrr fi.rr. +trial +li% 1 i iii 17
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