|
I
<br />90-- 10549"
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security instrument,
<br />Borrower %hall pay the premiums required to maintain the insurance in effect until such time ac the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. 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 fair The inspection.
<br />9, Coad4tt1usedon. The proceeds of any award or claim for damagtm direct or consequential, in connection with
<br />any cundemnauim air other taking of any part of the Property. or for conveyance in lieu of condemnation, are hereby
<br />ammgned and Yball be paid to Lender.
<br />In the client of a total taking o4' the Property, the prtkredv shall be applied to the %um% Secured by this Security
<br />In4trument, whether or not then due, wi :h any excess paid h+ lirrrower. In the event of a par•tutl taking of the Property,
<br />!
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument %hull he reduced by
<br />the amount of the proceeds multiplied by the following fracii�*n tai the itstal amount of the %urns secured Immediately
<br />before the taking, divided by (b) the fair market value of the Propeny imrnedtately before the taken$. Akny balance shall he
<br />paid to Borrower.
<br />I If the Property is abandoned bN Horrower, or if, after non. c by Lender to Borrower that t he vondenlnor offers to
<br />make an award or settle a claim for damages, Borrower falls tP respond to 1 ender within 10 days after )ht; date the notice is
<br />1 given, Lender is authorized its collect and apply the q•r•,Needs, of rls tip Ul %n.ett het to restoration or rci iIr of the Property or
<br />to the sums secured by this Secur)I)- Instrument, whether or no-i then due.
<br />Unless l ender and Bt-rmwer otherwise agree in w•rising. any arr11:atIon of proceeds Ili principal %hall not extend or
<br />postpone the due date of the monthly payment% referred to to paragraphs i and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender tiaat a Waiver. I men%lon of the time for payment or
<br />Modification of amortizallon of the sums secured by this Securif-, Instrument granled by I ender to any successor in
<br />inlcrem of Borrower shall not operate to release the liability elf the original Horro er ur Mirrower'% luccenuir% In Interest.
<br />Lender shall imi he required at commence proceedings against afn% successor 111 interest or refuse to extend time for
<br />payment or otherwise modify amorhiatuln elf the sum% secured h\ 't'hl%Securtiv Instrument by reaslm of any demand math
<br />by the original Borrower or Borrower's %ucce%%(►r% ul Interest Any Conccarince' by 1 ender ill (xercl%tng any right (%r remedy
<br />shall not he waiver of or q•r :• :nude, the c xercowof any right tit remelts
<br />11. Successors and Iluigns Bound; Joint and Several liability; Ciii- signers. I he co%enant% ,ind altlreemenf% tit'
<br />ihi%Security Instrument %hall hind and benefit the succe%%or%and a -oogn% of I lender mid Norrower, %object In ill: Pit%% Hlon%
<br />of paragraph I' birrower'%cmenants and agreement% shall le win t and soeral Auy Borrower who co-signs this S'.curity
<br />Instrument but dues not execute the Note (at is co-signing IN% lievunty Iti%fr a icoi only ill mortgage, grant land eouvey
<br />that Borrower's lnterem In the I►rolx rty under the leans of this SeL form Imo rtiment, (h) I% not personally obligated to pay
<br />the sum% wcurt'd by this %ccunty Instrument. coal (cl agree% that I cuder,ulal sots other Horn+wer malt' tgrer ►o extend,
<br />modify forbear or make any accommodations w'uh regard to 0-:.- terms of this Seclrty Instrument or the Note wenh,►ta
<br />that Borrower' %consent
<br />12. lAmn Charges. If the loan sectored by this Securt4% In %tnlmew is %tlhlect h• ,a !,w %hit 11 %its rtaxln)l,rr. 1."dn
<br />charge%, and Iha•t law I% finally interpreted %o that the nitlre,t of other 4 -'Ar.• ,•barge% coVected of to ht- coilee'led in
<br />connection with (the Itian reseed the permitted 111IMs, Chen (411.111V %%Ich ;•,''.uo charge %hell lit- tedurc•;'! 1'14 the .Imoulll
<br />necc%%ary to reduce The rPsa,1;e to the permitted limit, and 11%1 tn% •urn% alrcadq :ullected tt•nm Ilorrttwrr which exceeded
<br />permitted litmill will he refunded to Borrower Lehdet nlay ct :rt,•.t Ill n)aAr till% lefuud h% reductlg file prutcipal owed
<br />under the Noll: or by making a direct payment a+ li(lrrrlwer Hit r : :,,nti n•dut e%principal, file reduction will he treated a% it
<br />partial prepayment without any prepayment Aarge tnldei the Ntliv
<br />13. Legislation A1leetinR Lender's RiRhtst. It ellactlnent 411 cthlr.ulon of applicable laws h.t% the ..treat of
<br />rendering any provnlon of the Note or this Srcurtty Instrument unenfotccatila• .laa.trdmit to It% leans. Loader, at it%ortion,
<br />may require Immediate payment tl lull of all %un1% secured by Iho% Sertlilt% 111%Inllnew and Iola% smoke an\ reaase.d:r.
<br />permitted by pw—.4 graph It' If tender exercises thi%oplion. 1 cmfel %haul lake the steps %pet;ltied In the second parapiri - A
<br />paragraph 17
<br />14. Notices. Anne notice to Horrowcl pro%Ided li,r ill flit%\ec urlt% Instrument %hall tic gnrn h% dell%ering it of h►
<br />malting It h% firse aa%% ntaii miles% upi'lialhle Lit% r.•t;ulre% use of eutothcr nncthod the noun.• %hall h; dore.ted it the
<br />Property Addretts or any tither address Horrimel des giiiie% h►. � -hat- it, I colder An% if •r. a f„ 1 coder %11,11 he g•% ea t%y
<br />first class maul t,• Loider'% addre%% %taled herein or .tit. ,tiber .I,ml -.%% I cnalcl dr%Ignalc%! It.r It, 111,orr,wcr AIII, 11,%11,•1
<br />pro%ided14inthls%c.'tinty Instrument %hall hedeclttea}',. t'z.,... 't ngncnl, Hortowcl t•o Iettifer whit },ciwna%r+r :• %tri.•d
<br />art elf% paragraph
<br />iS. Governing Law; Severabilit). I lil %tit't'c'1S5 lushulnettl %hallhu 1;,1%crned °'t t,•dr:,1: :.114 a• :.f fhc law cl ty:v
<br />jurisidiction In which the Ptoperty Is If-, ated In the event Ills .art i,ro%t.tttn of a Iausc .t •I,f.. %Cando% Ill-ill onu•Itr .
<br />Note cunfllcu% wrrh applicable law, %u.h ullllll:t %haul 111,1 .Itfcts r "tet pr. - %move% ttl Iht% Se, •.aril% Irl%itculcnt t•r tic• N, -•b;
<br />which can he given effect without the confhct►fig pM%IS14111 It, this end the Ptt'kimlIn%,•t this tic% tit 11% It• %I -If "trnf .IOW C! ^K
<br />Note are declared at he wete rable
<br />16. Borrower's Crop). lilorrtiwer OmII tic goelt "IIt* I Ill It It It•ll, .,IA III the %.kit- If It tit Ill is k"% kit 11% I(I%it tllflefl :-
<br />17. Tnmffer elf the Property or 11 heneticial Interest in Rorroviacr. 11 Al It .tilt part tit Iho 1'rot•t rrs . r A. ,.
<br />Interest u1 It Is silk( yr lranslerrttl for Ili tiellehcial Intetv%l ill lattlrowct I% %1d11 it I l.msfcrrrd and Hommer 1% nr,l a Ildsuratl
<br />i+ermin) without i ender'% prior w mien conseul, 1 ender nla%..it tit% optiotl. tc.luur ntuu•dl.te paynu•nl ul full of .III %urn%
<br />scented h% this le:urt% Itlslrtlllleellt Ilowt•%tr, fill%oi +lttai %11.11i not h•,-let%ned 1,% I t- ll%laI If c\t'ltne I%ploillhlled h%
<br />llderal law iso(thc date of this 4:urin Instrunlcnt
<br />If 1 enaiCl'Cletl•I%C%fili%ophon. I endei %hall gill' ltotlrtwetno11ty .1I.I.,r4-1.111tt11 ihr tl.'ol,e %IL111 f•ro%ldc.1 r1•ntwl
<br />of net Ic%% than 11) da%%Irotn thed.tiv the none ndeh\ercd t►r made.( %I11111 14 111,11 H.,(1..%%, I nlu%t it.n ,ill wr:%%rt urr01 h%
<br />thl% tic:urlty instrument If Ilorrowci lolls to po Ihe% mini% profit lt. !hr c %pn ill, m of flit, 114 11,41 1 miler r11,1% nn: •I r .111%
<br />remedies permitted It% Iho% Set unt % If uu fell I %it houl turtho note, c tit %14.,,1•atIll , •n It•,n, -MV I
<br />18.Ibrrower'sItighttokeinstate. If Ito,trowcrinveh : ctt.un . t•nJttl.ms. Httrt „14cl 01.011 11.1%,, lilt 111th: Ili lt.l %t•
<br />enl�a: cmentofthis k: urltyImi rulncnldlsaontuutavlatanyMilti •trtnIt•filet llicI,•f1.11t ,1.11 %f,tr%1101,ttficeik- 111si.t%
<br />.applicable IoM ma% %Ivcll% for tromijiviiienti lit fotc %.I jr Of Ihr I'll1 11% Ill] I'I 11111 1,..111% itit At' 1 ,11 %.11c ,.- 1tt,mictl In 1111,
<br />L ItitY trily Inslruoir ill. tit (h) ell!I% td .l ludglllt•lit cliff If loll: 1111' `t'Lil 11% 111,11 ., 1, t 11•, ., htlltt• n„ 1 t Ili it Httl rt,14rr
<br />(a) pay% I ender all sums wh01 then wftllld th• fill(- under fill%'kr. Uttl% ln%;r loll t t ulti 11„ ss,,It 1.1,1 ,.,rot, ill, -I!
<br />tscurrcd. thl atilt-%.111% d0jillf ill ,111% 01110 "Iten.011% 01 .1gIvvfIIvnl% 1, l l•.n•. 111 , %1%u„ . ,. t• f. 1t1i• 1111.
<br />l,Ylllll\ Itl%lfullivill. 114111dillg, hill llul 11n111t'tf tits feas.,11.1h1t' .111,•/111 t, lit loll 1.11 t.tk„ •.1, h t I. I, 1, 1 ndul 111 1%
<br />rct+% mahly require h% a %sure flyer the hen of flit% %vt 11111% In%Il unl( tit I , ndt I • ',rill, :1t tl't I.1 •I., ft% :,-,I Ilot1 •%%. f .
<br />tthhgallon to it.1y the %tons %t•%uleJ 11% tin %e, title% In'll mot nt ,11.111 .•,Illtrt„ utt,h if-A-. 1 1 ;. •.,1 it, tilt tit I,%
<br />Ii(,rrowcr. the% Sc, unt% In% Itunlrill. Iltd tilt ,thlllatttat.%r.ntcd if, u ►,% •11.t Ill.
<br />- n.nit' lilt t►, t1%, ,. ,1 , .,• t11••n 111,1
<br />•s. urtcd 16twc%rt.t111%tigllt I,trr►n%tatc 01.111 it •t .,pill% tit flit .1., t I c,.,•1. 1t ,,..t. 1 .,, 1- 11.1,. 1
<br />- -._ _. _. -- -- -. :T-_. -- .!- - ` - ' "r,i', , ..,. .. 'tuii��' ... ' N• F" �� "!1Y1':tYt \tl��ip.'T(F}�t(fC�.S •i'4,v :'I}f'�.rtjey�•�".'v '•::a:: ' - - . - - -.
<br />
|