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89'R•_ 103766
<br />If Lender required mortgage insurance as a condition of milking the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law,
<br />t). Inspection. Lender or its agent may make reasonable entries upon and inspections of the Preperty. Lender
<br />shall give,11prrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9,' torAldematation. The proceeds of any award or claim for damages. director consequential, in connection with
<br />any co dmaamatiom 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 be 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 Lendcr.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 optivu„ either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due_
<br />Vnless 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 1 and 2 or change the amount of such payments.
<br />A. Borrower Not Rekased; Fie By Leader Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums saitured by this Security Instrument granted by Under 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 atoll not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />paymeVtacotherwise modify amortization of the sums secured by this Security Instmment by reason of any demand made
<br />by the atigiaal Borrower or Borrower's succmwrs in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall notbe a waiverafor preclude the exerds cofany tight or remedy,
<br />13., Suceeaaors gad Assion Boat John acrd Sevaw LiabB t rr C6- syaers. The covenants and agreements of
<br />this Security Instrument shall bindand benefit the successors and assign of Lwder cl Borrower, subject to. thieprovisioit .
<br />of paragraph 17. Borrower's caveaantx and agreements shall be joint andseveral. Any Borrower who co -signs this Security,
<br />Instrument but does not executethe Note.(ia)'is co- signing this Security .Instrument only to mortgage, grant and convey,..
<br />that Borrower's intebw in the Proomv under t he terms of this Security tontrumenh (h) is rift nrtennalty nhlianted to ter v:
<br />the sums secured by this Security hutrument; and (c) agrees that Lender and any other Borrower may agree to eafind,
<br />modify, forbear or matte any accommodations with regard to the terms of this Security Instrument or the Note, without
<br />that Borrower's consent.
<br />tZ 1!Mwt tti'luem, if the.. In an c �rlv1 by the �esurijy ir. °t,`utT :i:r t 35 SU viii to lalY lYhii`1! °etc g_w mt��rn I�r
<br />charges, and that law is finally interpreted sv that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amcwht.
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already coil&:ted from Borrower whic3s: exceeded,
<br />permhfecl: limits will be refunded to Borrower. Lender may choose to make this ritf-und by reducing the pichu#al ow^i d..
<br />under the Note or by making a direct payment to Borrower. If a refund reduces peii�,ipal, the reduction will be treated as tr .
<br />partial prepaytneut without any prepayment charge under the Note.
<br />13. 11,401atl(ua Af1?eethe Leader's fthts. If enactment or expiration of applicable laws has the effect rte-
<br />rendering any provision of the Note or this Security Instrument unenforceable acwr+iing to its terms, Lender, at its opti��i
<br />may require immediate payment in full of all sums secured by this Security lnsprutitent and may invoke any retnedim,
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph; 9F..
<br />paragraph 17.
<br />16. Notices. Any notice to BorroWer provided for in this Security Instrument shall be Oven by delivering it or by
<br />mailing i! by first class 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 shalt be given by
<br />first class mail to Lender's address. stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Secviity. )instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Govenrisg Lw; Sovterability. This Security Instrument shall be governed by federal law and the law 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 lax, suLh conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shad] be given one conformed copy of the Note and of this Security Instrument.
<br />17. Tramfer of the Prolperty a a Beneficial Iotereat is Borrower. If all or any pan of the Properly 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 Lenders 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 gibe 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 w chin wb ich Rorrrtwer must pay all, ums 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 />13. irkt. ees Rift to Rtinstate. If Borrower meets certain conditions, Borrower Shall have the right to have
<br />enfor=ient of this Security Irstrutneni discontinued at any time prior to the e°arlter ref: tai 5 days (or such other period as
<br />applwable law may specify for reinstatement) beforc sate of the Property pursuant to any power of .ale contained in Ihi%
<br />Security Instrument; or (h) entry of a judgment enforcing this Security instrument Those conditions are that Wirrnwei
<br />(a) pays Lender all sums whic1) their would be duc under IN16 Security instrument and she Note had no acccleranon
<br />occurred. (b) cures any default ofatry tither for enants err agreements, (u) pays all t 1w.mu:°s mvurred in cafor�1ng thi%
<br />5ecuril► In.sttutnent, trivin inn, but tent atom j fn_ fra%,-- ab!e 3tterrw` % fc: .."rid td *akc, -,u ii :ia:ihVr ,t: I t iiu'ir niay
<br />remonabiy require to assure ti;rt gc Jito of this Sc.un:, Instrument. l.crtd.•r't riplitt tit the Prt,rrrty :1r1 ! li.lrr;•ucr's
<br />r- Migatutn to ray the sum. we.uted h) Al" SC.+lrity Inururnent 01.111 c :ntaurc ;1t:.li. r c{l t'r.- it N%
<br />Hcirrt -wcr, thrs'+ie> urtty Instrurnrnt and the UrCd 1wfv t4 QuIN trite v, FUi =L (T(- '1'6C.1tt110J,. '1! r tlt,,t: 1.1,1
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