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89..,, 103581
<br />� !f Lender required moxgage insurance as a condition of makialt the loon secured by this Security Ins<iruinent.
<br />Borrower shall pay the premiums required to maintain the insurance in ef[rct until such time e, ►he reggiiretnertt for the
<br />insurance tcr►ninates in sicterdance with Borrower's and Lender's written agreement or applicable taw.
<br />I. team".-& Lender or its agent may snake 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 for the inspection.
<br />9. Ctt -6111aat:11 - 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 mender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />Instrumms, 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 mender otherwise agree in writing, the sutras stecured 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 Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor oRen to
<br />mike in 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 />W Oft sums secured by this Security Instrument, whether or not then dare,.
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shalt. not extend or
<br />pmgwm the due date of the monthly payments referred to in paragraphs, i and 2 or change the amount. of such payments.
<br />10. Botrrower Not Rekaaed; Forbearaaee By Lesder Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security i.rnstrument granted by Lender to any successor, in
<br />interest of Borrower shall not operate to release the liability of the origiftl Borrower or Borrower's successorq in interest.
<br />Lender shall not be required to commence proceedings against arty sttacescor tn, interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums sm4red by s itus Security Icr.N,aument by reason of any demand made
<br />by the original Borrower or Borrower's successors in inter, Agy fe6eaeance by Lender in exercising any. tight or remedy
<br />shall not be a waiver of or preclude the exercise of any right cc riettticdy,
<br />11. SntXesaM said Aw*w Bowe* Joiat sari Sesergi-Liaiidityt Co- signers. The coxwants and agreements of
<br />t his Security itwtmwent shall bind and benefit the successors and assigns of Lender and Borrower, subject to tae provisions
<br />¶graph 17. Borrower's covenants and agreements shag be joint and several. Any Borrower who co- sipsthis Security
<br />Instrumentt but does not execute the Note. (a) is co•signitts this Security Instrument only to mortgage, grara and convey
<br />that Borrower's interest in the Property under the terms of this Secutnty In- -orumrnr (t,) ie not ... ».�uy #%M;041 cd ;o FW;
<br />the sums secured by this Security Instrument; and (c) agrees that Leader and any other Borrower may agree to extend,
<br />modify. forbear ae make any accommodations with regard to the term of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />IL Less C1tsrM If the loan secured by this Security instrument is subject to a law which Stu cntaximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to the 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 perntated limit; and (b) any sums already collected from Fam. wer which exceeded
<br />permitted limits waft be refunded to Borrowv- Lender, nuty choose to make this refund by reducing the principal owed
<br />under Ow Note 99 by making a, direct payment Lo'Borrvwer. if a refund reduces principal, the reduction wilt. be treated as a
<br />panial prepeymeatt without any Inepaymertn ic(large under the Note.
<br />13. Legialatke Afilsc g Leaider'i. Rights. If enactment 'or expiration of applicable laws has the effect of
<br />rendering any 'pr axon of the Note or this Security Instrument unenforceable according to its terms. Lender, at its opt�..
<br />may require itr rAdiste 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 take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notiees. ' Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first drags 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 Lender. Any notice to Lender shall be given by
<br />first clans mail to mender's address stated herein or any ot:tTwaddress 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 />I& GweVii1ft Law, Severaltilky. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located:: tnethe event that any provision or clause of this Security Instrument or thc-
<br />Note conflicts with applicable law, such c tmft' - t shall not affect other provisions of this Security lnctrument or the Note,
<br />which can be given eifect without the conflicting provisitxi,: To this end the provisacins of this Security Instrument and the~'-
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower sh ll be given one conformed copy of the Note and'at this Security Instrument.
<br />17. Trasder of the Property ors BeoifieW Interest in Bormwer. If all or any. pare 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 written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender 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 provide a period
<br />of not Less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security instrument. If Borrower fails 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 or demand nn :Borrower
<br />it. Barraww's RiigW to Relastate. If Borrower meets certain conditions. Borrower shall have the nght to have
<br />enforcement of this Security Instrument diwontinued at any rime prior to the earlier of (a15 days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Securtt) instrument, or (b) entry of a judgment enforcing this Security Instrument Those conditions are that Borrower.
<br />(of pays lender all sums which then would be due under this Security intitrum ^nt and the Note had no acceleration
<br />'occurred. ON cures any default of any other covenants or agreements, (c) pay% all expenses incurred in enforcing this
<br />Secunty Instrument. including. hot nt,t limited let. re•sonsble gat? +'::mss G' f«-, ar.0 1di ia%ts such a,.attis a♦ I tinier itlay
<br />reawmably require tr, assure that the lien of this Security Instrument. Lenders rights in the Property and Ill,ricmer's
<br />c>t!►lrg,utuIn tai pay the auras secured by this Security iiatrutnent shali Lonnnue unchanged t rmin reinstatement by
<br />FkArouer. this Sc,urasy Instrument and the ohltgatrrfns secured hereby %hall remain fully effeittue as it no n%.;cletanirn had
<br />fa.. urrtd 1Vixei ef. ihia tsght to rein►tate shall Tint apply is tt;r ca'.r ! ak4 eltrn111,11 t:ndrr parakrisl +h% ' I oo 17
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