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90- 105551
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Bt►irauwei, sL'iall pay dw pwikkiwns required to maintain the insurance to effect until such time as the requirement for the
<br />insurance terminates in i►ccordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Itaiaetloa. Lender or its agent may make reasonable entries upon and inspections of the Property. lender
<br />shall give Btmroacr notice at the time ofor prior loan inspection specifying reasonable cause for the inspection.
<br />9. Condennation. 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 he 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 />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 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 aka,*6med by Borrower, or of after notice by Lender to Borrower that the condemnor offers to
<br />inak-e:aa award or settle a cLaatta �vr damages, Borrower fails to re%ptv.d to Lender within 10 days after the date the notice is
<br />given, Lender tis.a w:(htwirized tt* Mien and alro the proceeds, at its (opi ion, either to restoration or repair of the Property r r
<br />to the sums scoured -by elks Security Instrument, whether or not thea,awe.
<br />Unless Lender and Borrower otherwise agree in *riling, any applicatit*io ofp r%keerds 110 p+riracipwal Rbilli not extend or
<br />postpone the due date of the monthly payments referred to in paragraph% l aind 2 or Aange the of suuch payments.
<br />10. Borrower Not Released; 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 />Lender shall not 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 Do- ffowcf or &)frowcr'% sucecsat►rs 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 />1l. Sucetu tars and Aulgits Bound; Joint and Several Liability; Co- sifgners. The covenants and agreements of
<br />{ this Security instrument shall hind and benefit the successors and assigns of Lender and Borrower. suhjeel to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall he joint and several. Any Btirrawer w•ht► co -sign 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 ot'thts Security Instrument. (h) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and le) 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 Inuirunient or the Note without
<br />Coat Borrower'scon%ent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is %uhject at it law which sets maximum lam
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to he collected in
<br />connection with the loan exceed the permitted limits, them (it) any such loan charge %hull be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will he refunded to Borrower. Lender may cht►ose 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 />i partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision ofthe Noteor this Security Instrument unenforceable according to its terms. lender, at it%option,
<br />imay require immediate payment in full of all sums secured by this Security letstrument and may invoke any remedies
<br />permitted by paragraph 19, If Bender exercises this option. Bender shall take the steles specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Imirun►cnt %hull be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The nonce %hull he directed too the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall tk given by
<br />first class mail to Lender's address stated herein or any other addre%% (.ender designate% by notice to Burrower Any notice
<br />provided for in this Security Instrument shill be deemed to have heen given to Horrower ter I ender when given as provided
<br />in this paragraph.
<br />IS. Governing Law. Severability. This Security Instrument %hall he governed by federal law and the law of the
<br />jurisdiction in which the Property is Imaled. In the event that any provision or cluu%e of the. `ecurity Instrument or the
<br />Note conflicts with applicable low, such conflict shall not affect tither provisions of this Security Instrument tit the Note
<br />which can be given effect without the conflicting provision. To this end the provmon%of the% Security Instrument and the
<br />Note are declared to he severable.
<br />16. Borrower's Copy. Borrower %hall he given one confirmed copy of the Note and of this Security In%trument
<br />... .,w,wcO we iuc a tvpcny in w oencnctwr intcmli in iiurrnwer, it alt or any part of the YrUperty or any
<br />interest in it is mild or transferred (or if a beneficial interest in Borrower i% sold tit transferretf and tlorrowcr N not a natural
<br />person) without Lender's prior written consent. lender may at its option. rty;iarr tmmedt.rne ", aymRnt trp full if all sums
<br />secured by this Security In %trumemr Wtw%nt.er. thi% token sh.r4i •n +•t Tit 1. alter rr• erer,:are i% ;rrohio%it d h%.
<br />federal law as of the date of this Security lovin— urr:eora
<br />If Lentles•titercmestMv,rttptPon, Lender 'Thenviice%ha pr•,%idcaperwa
<br />ref ricti fess rli us X dlr5,v. From the date the notice i%delort" or mnaa:ea %%thin w(hu:I. lit,rntwcr must pay all sum% %ecurtes by
<br />this Seiurhy nawnumer", I Horrtower fall% lit pay these Sara %1•rrr.w.T tr "he enpiraliam tof slit.Ibe.;, :�. Lender may ins � ke arc•.
<br />retrrediesperrnaerMe ,W'A }thmSecurity Instrumentwithout furnner not,c: o-rdernand,m K- rtt•w,er
<br />18. 11nower's, Right to Reinstate. If lrrower +meet% certain conditif -im. lir►rrt.wer ~hall hate nhe c;ulit to have
<br />enforcement of this Security Instrument diwonnnued at any ionic prior to the earlier of r.t R d ivs l, r sq.:�+; .ether peril id a%
<br />applicable law may specify fi +r reinstatement) before wle of the Properly pursuant t.� ,u,� r. tier .,f %.tic c+•ntawed to this
<br />1 Security Instrument; or (h) entry of a judgment enforcing this %ccunty Imtrumenl I hoe c ondittoit% are that Ileorrower
<br />` (a) pays Lender all sums which then would he due under Phi% Security Instrument ,and the Notc had oo a%:.eleration
<br />occurred; (h) cure% any default of any tither cotenant% tit agrecnscni%. 1.► pays all es;►en%r% incurred na cnl+mtng the%
<br />Security Instrument, including, but not hnnted tit, reasonable atitiroc%%' fee%. and itf) t,tlke% %u.h ,trh+m ,a% 1 cmlcl neat
<br />reasonably require to a %sure that the lion of this Securiq Insrument, 1 ender'% rights u, the I'►t+rterts ,and
<br />obligation to pay the sum% %ccured by this %county himtunocnt %hull continue unthangetl ('la+ia rt n1%tatctncnf i s
<br />Borrower, the %Seem Ply In%trunictit and tireohllgatiom secured hefeh% %hall ren►ant tulh crick ti►e a%if n, +,u.eler.onal had
<br />occurred How•e%cr, this right to reinvate%hAl,un .11,1+1% of thck,a%c0.1.kelctarn,n toldt1 l +,atagialt11% 1 i,a I"
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