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F- -I
<br />90-105607
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<br />If lender required mortgalc 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 a% 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 for the inspection.
<br />9, Condemnation. The proceeds of any award or claim for damages, direct or 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.
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<br />In the event of a total talking of the Property. the proceeds %hall be applied to the sums secured by this Security
<br />Instrument, whether or not Own 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
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<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Ektnower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to cti)lect and apply the proceeds, at its option, either to restoration or repair of the Property or
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<br />to the sums secured by this Securir,; Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance Bly Lender 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 successor: in interest.
<br />Lender shall not be required to commence proceedings against any suocesmr in interest or refuw to extend time for
<br />paymcnt or othcrwr m modify amortiraliou %-f the sums secured by this kr•amy Instrument by reason of any demand made
<br />by the original Borrowwr or Borrower's successors in interest. Any forheaa'ance by Lender in extras ing any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Asdpm Bound; Joint and Several Liability; GrslgnMs. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the
<br />provisions-
<br />of paragraph 17. Borrower's covenants and agreement % shal I be joint and - 4veral. Any Borrower whoa, -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Securio% Instrument only to mortgage, grant and coney
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (h) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any tither K)rrower may agree to extend,
<br />modify, forbear or make any acco-ainnodations with regard to the terms it( this Secur uy Instrument or the Now without
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<br />that Borrower's cousc ma.
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<br />12. Loan Changes. If the Ivan secured by this Security Instrument i %subject to a law w.h.sch sets maximum loan
<br />charges, and that la%v is f1na01v interpreted so that the interest or other loan charges collected) iw to be collected in
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<br />connection with the loan exceed the permitted limits, there. (a) any such loan .harge shall he reduced lest pht! amount
<br />necessart, ,to reduce the charge lei ot permitted limit; and any sums already collected from Borrower whizin exceeded
<br />junder
<br />permitted limits will he refunded to Borrower. Lender ma% ch,rose t,, make chi% refund b) reducing the principal owed
<br />the Note or Ili% making u direct payment to Borrviter. If a refund rrduce%principal. the reduction will be
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<br />treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13, Legislation Affecting Leader's Rights. If enactment or expiration of applicable laws has thr effect of
<br />rendering any provision of the Noteor this Security Instrument unenforceable according to it% terms, Lender. at its option,
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<br />may require immediate payment in full (if all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragrrap�y 19. If Lender exercises this option, Lender shall take the steps spccrfied ur the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering of tic by
<br />mailing it by first class mail unless applicable law requires use of another method. "i'he notice shall be directed it, the
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<br />Property Addre% or any other address Borrower designates by notice to Lender. Any nonce to Lender shall he given lln.
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<br />first class trail to Lender's address stated herein or any tither addres% Lender designate% h% notice to Borrower Any time:,,
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<br />provided) for in this Security Instrument %hall he deemed to have been given lit Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS, Gnverrsing Law; Severabillty. This Sertinty Imini• vew %hall N. r."mor1,y1 tiv (Moral (:tts• :tad the ! t: 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 />Note conflicts with applicable law, such conflict %hall not affect tither pro%mons of this Security I nstrurneni or the Nate
<br />which can he given effect without the conflicting provision. To this end the prmimon% of this Secunty Instrument and the
<br />Note are declared to be severable.
<br />••��. +-wry. ,.t.41..wcl ,11841 nc grid line milmo -meoi coP% of the `dote and of ths%%munty Instrument
<br />17, Tratufer of the Property or a Beneficial Interest in Harrower. If ill or env of the Property or
<br />part ally
<br />interest in it is sold or transferred (or it'a beneficial interest in Borrower i% soli or t (mn%ferred and B►rrimer t% not a naturau
<br />person) without Lender's prior written consent. Lender may, at it% option, require unmcdiate payment in full of all ,*Loot,
<br />secured by this Security Instrument, However, this optit►n %hall not he exciowd by I ender if e+cerow is prAidwed hp
<br />federal law a% of the date of t his. Security Instrument.
<br />If Lender exercises this option, Lender shall gi%c Hor rower notice of acceleration I he notice %hall prr%idea rrrw•,S
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<br />of not less than 30daysfrom the date the notice is delivered or nailed within w hick Borrower nsum pa% all slims 4- . utc*f if-f-
<br />this Security Instrument If Borrower fails to pa) these sums prior to the expiranori of thi% penixl, Lender mat mwvke air.
<br />remedies tpermitted by this Serunnry Instrument without further notice ur demand till iorrower
<br />114. Borrower's Right tar Reriastate. If Borrower meets certain conditions, Horrtmer %hall ha%c rtiw n flit to hate
<br />cufasreeuaert of the% Security In-vmment discontinued at any time prior to the earlier of 015 da%%(or %u. h ; shirr
<br />applicable law may y%ecifp for reinstatement) before %ale of the Property pur%uant to ant, Pov►er tit -ale ,• r.ta.nrol r.•r ihr.
<br />Secure* instrument ,►r fbl tarry sofa judgment enforcing tht% Security Imti umew 1 ho%c .,,ndin4im are• rh ,r i} w.- -k%er
<br />Lender
<br />(a) pays all %urn% which then would he due under the% Sccurrty Instrument mud the Vote• hard it- ,,, teleran -, n
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<br />occurred. fb) cures any default tit' any other covenunts or agreement%, (c) pay% all c%P,•ns.% incurred it : r r,.•,;,.,,i¢� h,%
<br />Swurirg Instrument, includmg, but not limited h,, reasonable attorneys' Lr%..oid tdi take% %u.h a.u,a, a, I
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<br />rewmably require to assure that the hen of ilm Securit) Instrument, I endt -0, right% in the 1'r„lwit% ,riid Ifilm *c• .
<br />nNigntion to pay the sums secured by this Security In %trument %hall tonunuc un.Ilan;e.( I't.,m r,ui %tarcnict►r +t
<br />Harrower. thr%5ccurit) In%trunscnr and the obligation. %ecuicd herch% %hall re•niaur lulls rtl.titisr,r% rl n,,.r,.clrrati,ni h.ul
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<br />incurred. I1ow:ver, this nght tot reinstate %hall not apply tin the ca%e uldrr paragr,q,h% I i tit I -
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