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<br />90- 105661
<br />r if lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />1 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 />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.
<br />In the went of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, saU, ,her or not then due, with any excess paid to 11onrl)wer. In the event of a partial taking of the Property,
<br />unfrss Borrvwer and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by
<br />it hoe amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />l 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 Lemler to Borrower that the conrdemnor oilers to
<br />I 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 Lender and Boroowe: otherwise agree in writing, any application of proceeds it) principal shall not extend or
<br />�. postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amounr of such payments.
<br />10. Borrower Not Released; Forbearance By 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 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 arty demar-.d 11kade
<br />by theoriginal Borrower or Borrower's successors in interest. Any forbearance b% Lender in exercising any right or remedy
<br />shall not be a waiver of or rrec lode the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several liability; Co- slilners. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and a, qns of Lender and WM%wer, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be Joint and several. Any Borrower who ctl•slgns this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgagee, grant and convey
<br />that Borrower's interest in the Property under the terms of thia Steunty Instrument: (b) is not persoualk obligated to 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 term% of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loaa Charges. If the loan secured by this Security Instrument is subject to a law which vets maximum lawn
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to he callrcted in
<br />connection with the Iowa exceed the Iermitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the NTmitied limit; and (h) any sums already collected from Borrower which exccodvd
<br />permitted limits will he refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Rof rower. If a refund redo es principal, the reduction will be treated ae a
<br />partial prepayment without any prepayment charge udider the Note.
<br />13. 1AUTAlatfon Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according a► its terms, lender. at its option,
<br />may require immediate payment in full of all sums secured by this Security lntitrument and may invoke any remedieti
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified In the st•:ond paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided fin in this Security Instrument shall he given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use if another method. 1 he ,,,mice shall Me directed to the
<br />Property Address or any other address Borrower designates by notice to Lender Any notice to 1 endcr shall foe given by
<br />Parse class mail to Lender's address stated herein or any other address Lender doignatcs h) aohce to 13tmr %%er Any notice
<br />prtn ided for in this Security Instrument shall be deemed to have been ism en to Kammer or I ender when veven as provided
<br />in this paragraph.
<br />15. Governing Law; %evrrebiliry. This yrc•urit; Instrument shall !-• ; -t last aid :he 1;;%%, .11' t he
<br />jurisdiction in which the Property is located In the event that any provision air clause of this kcunty instrument or the
<br />Note conflicts with applicable law, such conflicl shall not affect tither prtmotions of this Sc: art% Instrument air the Note
<br />which can be given effect without the conflicting provision To this end the prmmons oft his Securu% Instrument and the
<br />Note are declared to he severable.
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<br />17. Transfer of the Property or a Beneficial Interebt.in Borrower. It' all t,i xi pert ill the Property or an)
<br />interest in it is sold or transferred (or if a heneticial interest in liatrrower is soli or transferred ;end nitre. •wer is nail a natural
<br />person) without Lender's prior written consent. Lender may, at its option, require mhmcduhtc paynnetrt uh full of all sunn
<br />secured by this Security Instrument. However, tills option shall not he ewroved t•% I coder rf exercise its prohibited by
<br />federal law as of the date of this Securm Instrument.
<br />If Lender exercises this option. Leader shall give Ikorrltwcr nru.c• Of a:.eletal;.it, ''1 le nt1U:c shall poly ride a peroaxl
<br />ofnot less than 0days from the date the nature tsdeloorred or marred -Arthur w ka:h K rr,•wer must cry ill %flints sauced h%
<br />this Securely Instrument If fk)rrower fails to pay these sums prior its the <sl�tnairam t•f thus petaxl. Lender m.ov ottt.kc an%
<br />remedies permitted by this wcuniv Instrument without further nothte I•r deniand.•n Na-r met
<br />111. thrower's RigYt to Reisrfate. If Borrower meets certain condnio -rm liatu•wct .ball have the ii hr r, • have
<br />enforcement of this Sreunt,. Instrument Jts:t►ntawed at am time prior tt/ the earl ice „; t,. < Jivs r,.r su.h other pernxi as
<br />applicable law may spcctfj for reinstatement) before sale of the Prol►crty ;1.►s,,.tnt 1'• in% p.Iwer • f •aG: tttnt,uno,l m slut
<br />seeumty lavtrument. air rill entr% of a )udgmeut entorcnlg this Secutu% Ir: r: tment 1 hike tonduft•ns ate that Nor mower
<br />ta) pays I ender all sums whwh then would he due under tills Smunty Instninlrnt mail file Nolte hall a.1 mttele•tauoltl
<br />occurred, Ih) cures ao% dtrfaukt of im other : ovenants or agreements. t:t pass all rs;x•nst•s Inturrrtl in Cntt4tuirt rhos
<br />Security Instrument, uuludtng. hue ILIA hotted to, reasonable attorne%s' fevs. mnd trot takes •u.h .I, 11.111 Is 1 cndt•I 111.11
<br />rea%onahl% require to assure that the lieu of thus Secure% Instrument, I entlo's right% nI the 1'rlyxrtt .alto Ittlrr.lucr't
<br />obligation to pay the sums secured h% this Set:unl% Iastrumt•nt shall t.•tulnuc unthangcd l (s-a n•Ihloatrltla•nl by
<br />Borrower. this let urrty Instrument and the vbhgathons %muted heick shall I t•niam tutlt gilt, l o t .I. if n„ I, t rl1 1.111, v1 hart
<br />laixurred 1111weter, tills right to tetrhstale shall full mppl% 111 the :INS• 01 •Its C10,11111a uatlt 11•.If.Il'1.1 ;'h% I i 1�1 i
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