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r <br />L <br />I <br />9o, 105645 <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 fit maintain the insurance in effect until such time as the requirement for the <br />insurance terminate~ in accordance with Borrower's and Lender's written agreement or applicable law. <br />S. 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. Coadetnnatlan. The proceeds of any award Or claim for damages, direct or consequential, in connection with <br />any condemnation or either taking of any pan 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 procceds shall be applied to the alums secured by tht% Security <br />Instrument. whether or not then due, with any excess paid to Hurnmer In the event of a partial taking of the Property, <br />unless Borrower and Lender otherwise agree in writing, the sums secured by tht. Security Instrument shall, be reduced by <br />the amount of the proceeds multiplied by the following fraction' tai the total amount of the sums securoow trtimediately <br />before the taking, divided by (b) the fair market value of the Property immediately before rhr taking. Att) balaatce shall fire <br />paid to Borrower. <br />If the Property is abandoned by Borrower, or If. alter notice by Lender to Horrower that the coadernn/'or Offers lt* <br />make an award or settle a claim for damages. Borrower fade to respond to I.ender within .10 days after the da to the notice is <br />given. Lender is authonred to collect and apply the pri>teeds. at Its option. either to restoration or repair of fhc Propeni. or <br />to the sums secured by t his Security Instrument, whether or not then due. <br />Unless 1_visder and Borrower otherwise agree in writing, any application of priwerds it, principal shall not extemP..Ir <br />postpone the due date of the monthly payments referred to In paragraphs I and : aor change the amount of such payments. <br />to. Borrower Not Reletrttted; Forbearance By Lender Nat a Waiver. Extension of the time for payment or <br />m•idifreahon of amortisation of the sums secured h) this %ccuriq Instrument granted by Lender to any successor in <br />interest of Borrower shall not operate to release the Ilahilit) of the original Wirrower or HorrowerN succimsors to interont. <br />Lender shall not he required to commence proccedmgal agatnst in) %uccesalor to Interest or Infuse to extend time for <br />payment or otherwise modify amorti/atlon of the sumstt%•rured h) this Security Instrument by mason of any demand made <br />h), the original Horroweror C+tlmrc,wer'%%uccasor% to Irar•rresl Any forbearance h) i ender Ill exerrlrtrtg any right ant remedy <br />shai, not be a waiver of or precluce the exercise of an) niRm or remedy <br />It. Suecmors clad AsWpts Bound; Joint and Several Liability; Co- signen. frills co%en:rrai . and agreement-t of <br />this Security Insit•v-ment shall hind and benefit the %uccemors and asm,!ns of Lender and litarFewer, ruhlect to the provisions <br />of paragraph IT HorrowerN covenants and agreement% shall he pant and %c%eral Any lit►rrow•er who co•vRnal this %ccurir) <br />Imtrumerit but d(e% not execute the Note la) t%co- mguilnit this security Instrument only ht mortgage, grant and convey <br />that HormwerN Interest In the Property under the terms of this Security Instruillenl, (h) I% not pt- minally ohligated to pay <br />the sums secured by this Securn) lustrument, and lcl agree% that I ender Ind en) othei liorro-Aer may agree to eslend. <br />modify, forhear or make any accommodations with regard to the terms tit this secw•ny Instrument fir the Nolte without <br />that Borrower's consent <br />12. Loan Charyges. If the loan % ecured h% INS SCCUrlt) instrument 1% %U1V)ItVI I41.1 law whlch Wi+ maximum loan <br />charges, and that law I% Nnall) interpreted also that the •rterr%t or tither loan rhargc% %ollected or io v collected In <br />connection with the loan exceed the permuted limits, ^.h -:r tat aoy such loan ctt.irre hall he reduced by the amouilt <br />nerco.sary to rtslut:c the charge to the perinaued limit, ana (1.) art;, su•ts%alread)' coilecle•d I'r •r•,; BotrrttWer which etceea ?:.. <br />permitted limrun will he refunded to thlro "'Aer l.elldel rn. /y , ht,t,s1 to rttakc than 7t•fund 1-- r.•aucing the princirii, ,ut:•..r. <br />unuet -fie Note or by making direct payme/l: It' KIT TO %,T <br />It a Ielun41 reduce +r a> ^.: +ru;, iflr rrtiuctaun wr,111 Mr iseated u. a <br />parats' prepayment without an) prepayment chatg•r untNt the Nolte <br />13. I&MIslatim Affecting Fender's Rights. It en.lctmew air e+t%irmion of api•hcable laws has the eflect of <br />rendering any provision of the Note or till% 'Scone% lost 1 ument unrnlorreablc a..onlnlg It • :r. ; orbs. I ender. ai its option, <br />may require Immediate p:t)ment tit full tit all sums wcurcd h% this scc'unty Instrunivni av,: -:mq oi%tlke .tits remedica, <br />permitted h) paragraph 14 If Lender exerciseli this •.•p: •n, 1 ender %hall take the %iris %pceitied In the w.,md paragraph tit <br />paragraph 17 <br />14. Notleea. Any notice to Mortimer rras+u!ec: for Ill thls 5r%urm III'ir,r•I,,r;:ent shall tx' gl%en h% deli%critig It or by <br />matting It h) fir%1 class mail unle +s apI 1;c:e+la :e'w iccluire% use -it ai other ttletflthl I he notice %hall t►t• dire-tied lot the <br />Propert) Address or duty other addrr%% Itttc;>>I%er tf.`Atltnate% h% iwtv,e l., I coder 4ns nmu c• to I ender shall Ix- gl%cv by <br />hrst clam mad tit Lender•% addrlralal %wed twT.mi ,l^ .al >• (t': ref ,addtt•%% I enilt•1 de%igllaly% b% n.,lhe Ito Hall l ,%A Cr 411% novice <br />pso%tsked tier In flits Sevunt % laaltiuntew +hat$ INN d,•%•mr.' ha%r hec❑ glom I., lioltower air I endcr w hors, g: I% prodded <br />In piev+ parattraph <br />IS. Governing lath: tia•attabibl). I tan•, 44!v;.rir% Imbed tieol shill tic• po%cFtiva I- } v• .d 1.1% a40 lhc• few ,It. ll! ^Ir <br />jilrialdtcism, u1 whwh Tire Proper!% 1. lox Aced In flit c+trnl Iflat am rnt%i%wit tit tl.m%e I Ito:•• .+..solo) himiumenr ••r ;,It; <br />\latecosillwi -o faith APPltcathk lA1a. %UCh %t•hfhta ShAU TT.:1 affht „thrt pn,%ISr•II..•f tit,% %e.utlt) himurtaetll of The N-tic <br />whtcb:m he given CffMt vl,clh,,ut the conflicting p,'- •.two-•h Ito Iht%cod the pr., .r,: n %:,f This oiectirot Irr,trumrnt and the <br />lime are declared tithe wit ewhle <br />16. Borrower's Copy, Nit roNrr. hall tx• Imeti ttne.,ttlf „tnutl..-I•% .•4 ehr tt, to ar"14Itit%SeLlirlt% 1110 1Umenl <br />-� T vti _e”- \_ aL___ . -- _ V_._4 _l_t ■_.___.- ._ al___._.___ ar ,i _ .. ... _. .• .L.. !1_..._•. .. 1111 <br />!/. rrtasftl? In awe a nnpeaa) to et tucaacmoa arocac>.% m annt..wcr, r 1111 1111. l•... .. 1111 . ,.•1.., , .t... <br />interest tit HasuoldorItan% erred( o• Itahelletwialllliere o III K- IINwerI,wId rtr. ln% lerri.. l.a t, .tli•)tr "wetl+n•it'.111.IIIIIal <br />peraltnl) without I ender'% prioor inner consent. I ruder nm%..it its rptwn. rcqultr ^,ne,mot' r v rritUr in full t,I all %llltl% <br />%e cured by this %munl ) lo%frunlent Ilnwc%er. this option +hall not tx rtrlclsc•.1 I•% ( t noer it ,• tc rl't%t a% Itrohlhltell tit <br />federal law a%ot rhr dsteot this tir.unt% hl %trunivitt <br />If l ender exelcitac% flits option, I cndel %hall g1%c ltt,rn,wet noti%t• 01.1. %• It letl„n r he 11 -ii.c %hall pr.,ddr .l 1Y•rl.•tt <br />of stilt Ih%than ltlda)al frarm thedate thenollte i %drinrred or marled wltltm wlilt It lit•ir•,t►, r inuo I,e% Al %unl%.e.utc.l h% <br />thi%%"urif%Instrumrnt ItIlitrlowcrfad% tit N% thew %U lit% t• ri.,l to, tilt, repirall.•tl.,tthl%I,e•n,•tl 1endcrIlia%Im,.kt•.ul+ <br />remedun1vtnntfed h) this sn'unty Instrument without further fit itite ••r ticnland I,n liar I.•wcr <br />lo. Berrower'a Wight to Reinstate. It Iloortower moot% .rrtatn ..aldiht,n+. It-,t newer %hall he%c• Thor fight t„ halt <br />ents,rcemenl of thl% sccurtts 111slrulnent dmoinlulued at am tittle prior t., the rather .•t t.o t tla%%lilt %tbh ,,,her prtl(Kl e% <br />taprII%-aW IoM may %patilf% for tt• IWAIMICIlli M, 'IV %SIC IIf Ihf III Ill -4-11% PLIf •11.1Il1 L• ,tit% tv•wet A %.Ili• , ••111.41111.41 1 I IhH <br />Se.urit) In%IIunletit tat Ih) etltI% A A ludgtlli•l)I etllUt.Ifly Olt% `4•.t11II% If" Iftj flit' ttl 11t •I( r.,j11i •t.%,II, Ill 11 ll,•tr,t%cel <br />tit) pays I endcr all %um% %uhl.It then waluld %tr flue under list% STY 1!111% lt,11t,1111t 1.1 ,In.l flit `••1. t1.141 1,.� .1, ,rlcfAwl, <br />tl..UtIVd tb1 . Weal al,♦ .IrlaUll tit ,Ito% .,flirt I.,%e1,allt% Of .lift -e Il1011% , , 1•.1%1 .,It • %I. „. tt,,,,tr„! 11, • 111. 1.1110 11,11 <br />%ft unr% In%tlu►nenl. 110tithng but Iwl htllltld t, ' lra%•tflJhle tlt•,fllt %1 I,+ , .t,.t I'll I ,1 <br />trao+tnahly rVyuttr 1,• a%alure Ihat the Imo ..1 th11 16w•%u•tl% 1110rulne•r,t i t', „1•r , r:j►.1. ►„ pr .l.,r% ,•.1 tl..rr,.w, • . <br />t,hllgalltHl I•, pa% the +Lill% .r%uird tt% Ilit% %c,,itlt% Itl%moil:til .I,I!I •ryes,,• ,.t., f,.t',�••I t I 11 It h. <br />tit,nowet. flit%%C%%illl% It1%Iturtlt'hl and Ihi f. P% <br />•..UI1 t•%t Ii,v. a'%l'f tltla ttj; hl to lrlhd Mlt thrll et •' .t (•I,It I� II• ..1• , r , . ,,, +l•'•� - • <br />7 <br />i� <br />