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90-0-10 561 Gt
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />r Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />1 insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />So Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. sender
<br />shall give Borrower notice at the time of or prior to an inspection speci4ing reasonable cause for the inspection.
<br />9. Coaderantlon. 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.
<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 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, 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 />to the sums secured by this Security Instrument. whether or not then due.
<br />Unless Leader 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 Rekasadj Forbearance By Leader Not a Waiver. Extension of the time ftrr paywist or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any sulrces&nr in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in itsrterest.
<br />1 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 s %r afs) demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbcarancc by I.cnder to exercising dai) right C-4 feittedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />j 111. Successors av4 Assign Botwd; Joint and Several Liability; Co-signers. Ike ;ovenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and asstgns of I ender and fit,srrssw•er, subject to the provisions
<br />of paragraph 17. Borrower'scovenants and agreements shall be joint and several. Any Borrower who sea► • q.pss this Security
<br />Instrument but does not execute the Note; (a) is at- signing this Security Its moment only to mortgage. ;grant and convey
<br />that Borrower's interest in the Property under the terms of this Sccunty Instrument; Ih) is not personally obligated t'o 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 Borrower's consent.
<br />12. Loan Ivbarges. If the loan secured by this Security Instrument is subject to a law which w.ts maximum loan
<br />charges, and that low is finally interpreted so that the interest or other loan charges collected or to be colkoted in
<br />connection with the loan exceed the permitted limits, then- tat any such loan charge shard he reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected 1from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may chotne to make this refund In reducing the principal owed
<br />' under the Note or by making a direct payment to Forrower. If a refund reduce+ principal. the redlucivon will be treated as a
<br />partial prepayment without any prepayment charge wider the Note.
<br />13. LegWittles AlOwtisR Leader's Riglits. It enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Inslrumenn unenforceahle according to its trrmc lender, at its option,
<br />may require immediate payment in full of all sums verurted by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If lender exercises I ender shall take the steps specified to the sr: ,std paragraph elf
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in ithm Security Instrument shaid -he lrr.en by delivering it or by
<br />marling it by first class mail unless applicable law requires use of another method. 1 hr 1,tttr c shall he directed to the
<br />Property Address or any other address Borrower designates by nonce to 1 ender Any notice to Lender shall he given by
<br />first class mail to Lender's .address stated herein yr any other address Lender Id-e-agnates h) notice to %orrower Any notice
<br />provided for in this Security Instrument shall he 4kvmed to have been given tit Illtrrower or Lender whin given as provided
<br />in this paragraph.
<br />IS. Gawfraing law ;Seterability. 7 he% Smunty Instrument %hall he governed th :fyteral law itud the law ,,tc the
<br />3urisdsoctkin Is: +atut;h the Property is located. In the event that any provision tit clause t,Vi:bl,s secutim Instrument or the
<br />*sole confl:: "S -mnh S '): ;81C lau. Lush aot .611a►1t Lille, i11.•.AN1HN 4 141% :fCk ill tl+ Ur isle Ni,lc
<br />which can for fencer, elg7xl; A athout the conflicting prol.•r -son 1 o riles end the provisions ni this tiectrne. 0 restrument and the
<br />Note are declamr -d I;, ±w :severable.
<br />lk Bacrasrr:r's Copy. Boomer shall he given one „tut: rrme'd alp) of the %tltr .lend of this Sm unty Instrument
<br />17. Trader of the Preserty or is NeseNcial Istereat is tinorrnna•r. It All nr arms nnrt .4 Ilea Pr,I~srto. ,e Ad
<br />interest in it rs sold or rransferred for if a beneficial interest rn Borrower is sold ill translerretl and Rltm (suer Is nett a narural
<br />person) without Lender's prior written consent. Lender ma). at its opt ion. ieyurre unntediate pa)rneut in full 4 ..II .urns
<br />secured by this Secunq Instrument. However. this option shall not he exetcised h) I ender d exercise Is prt,ltihited hs
<br />federal law as cof thedate of this Security Instrument
<br />If Lender exercises this ,Vttons. 1 ender shall give Klrrowcr notice of alt eleratitin I he 11111 ice shall pros ode a pen(d
<br />of nut (ests than 10 days from the date the notice is delivered tit maded w it hill w hit Is lhtrmwer must p.o, it I sunis set urcd h)
<br />thw Smunty Instrument. If Ilorrnwcr fatly to pay these sums print it the eotpiratittit 4 i this rteritlot. I ender may nl%Ike an)
<br />remedies permitted h) this Sccu fit ) l rise iuneenty► ithoutIurt her not r .eltr dell lalld I'll KitrUwel
<br />la. L3orrowtr's Right to Reinstate. If Witt4mer irmtvl% certain .onditunm itllrruwer shall have the right to hale
<br />enforcement of this Secures) Instrument dis.ontinued at au% time prior to the earlier a if tart class wr su. h other rwrio %I as
<br />applicable law ma) spes:dl liar reinstatementI hetilre sale tit the Property pursuanl to ails purer tit sale . int onrd tit this
<br />Scvurrt) Fr.strurnent, tit (h) entry of a rudgelient rnfortonll this 1tti unts lrltlrutncnt 1 htrw totthli.tns .Ire that Ittarower
<br />dal pays lender all sums which then would he due under this'setutm Instrument ifid the %life had n,l atteler.ttiou
<br />t►ceuned. Ih) cure's ari) default td an) ocher tosenants or ,lgrtenlents It 1 tai% all ckr4'n.. • m, lirrcd u, enft,r.I ng rill.
<br />lesunt) Insttument, inducting. but tit" limited tl,• rea.t.rl,111hic ,rrt,rnt'ts te'a's .tr1.1 I,lo la1.c. 'it, h a.rl••o .1. 1 (later ltl.lt
<br />rrastmahl) require to acute that the hen tit the% **eturits Inttrutnt'nt I totller . ni Mrs it It,- l'r „rtr►> .Ind 1{,trrl,wer t
<br />oblogatton tit paS the sun►♦ %c%uttd M this tiesurits Instrument 111a11 t• hIllim 001,111gtd I r+i, Ic',Ittl All'ttlt'tlt h►
<br />horrolaer. this 1e.urit% lometurnent and the tt•' ulcd hrrehtt 01.111 ?1111401 lulls t-ftrt rrt, -tt It rt” .tat lrt,lf t.,n hAd
<br />•\.urred littweser this right iotrinstair. hail not Apph it, t hr ..t•r•.t.l..t'it'),It•.,••.,I, t-r r,ttatviphs l' •• I'
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