r 7
<br />90--o' 105669
<br />if Lender required mortgage 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 as the requirement for the
<br />insurance terminates in necordnnce 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 Properly. Lender
<br />shall give Borrower notice at the timeofor prior loan inspection specifying reasonable cause for the inspection.
<br />9. Condemaatlos. 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 proceed~ shall be applied to the loons secured by this Security
<br />Instrument, whether or not then due, with any excess, paid to Borrower. In the e%ent of a lsartial taking of the Properly.
<br />jumks.% Borrower and Lender otherwise agree in unting, the sums secured by this Security lostrument shalt be reduced by
<br />the iniount of the proceeds multiplied by the following fracotsn (al the total amount o>f ote sums secured immediately
<br />before ahe takmA, divided by (b) the fair market value of the Projwrty immediately before if.%,& taking. Any balance shall be
<br />pasd w Bomiwer
<br />If the Property is abandoned by Borrower, or if, after notice by Lender •;.* Borrower that the condemnor offers to
<br />! t ok? sin hears! of settle t r:4 tw for damage•,. Burrowe, foul% to respond to Lertuer within 30 days after the gate the notice is
<br />Aiarn. Lender is authonzed w collect and apply the proceeds, at its option. either to restoration or repair of the Property or
<br />•the
<br />to sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceed. -I,. la,nncipal shall not extend or
<br />p vslpone the due date of the monthly payments refer.•r,ad it) in paragraphs I and 2 or change itte amount. ,!F •such payments.
<br />10. Borrower Not Released; Forbearance My Iknder Not a Waiver. I :xtensmn of the lion for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted hi, Lender to any successnr in
<br />Interest of Borrower shall not operate to release the liability of the anginal Borrower or Borrower's successors in int.eatwt.
<br />Lender shall not he required to commence proceedings against any successor in mtemii or refuse to extend tine•,- for
<br />payment or otherwise modify amortization of the sums secured by this Securai. Lin %trument'by reason of any demand made
<br />l►r the original Borrower or Borrower's successors m interest. Any forbearance 1,l. Lender in exercising any right or remedy
<br />.4all not bee shiver of or preclude the exerct%c of any right or rc -me.ly
<br />11. Successors and Assigns Bound; Joint and Several liability; Co-signers. "The co%enams and agreements of
<br />! this Security Instrument %hall hind and benefit the successom and assigns of lender and FkIrtl+a Cr sv,hjr ct to the pr +�tivcmns
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Morro, r wh,, cii -signs this Secunty
<br />Instrument but doer not execute the Note- (a) r. co-signing this Security Instrument only it) mortgage. g rant and convey
<br />that Borrower's Interest in the Property under the terms of this Security Inarument; Iht is not perama4; �.tshgated to ray
<br />I,Si':
<br />the sums secured by thi% Security instrument, and tcl agrees that 1 ender and any other florrimer may agree to em -end.
<br />modify, forbear or make any accommodations with regard u► the terms of this Security Instrument air the Note without
<br />+ that Borrower's consent.
<br />1 12. IAM Charges, if the loan secured by t his 1e, unty Instrument 1s - :•ak)cel to a law which sets maximum loan
<br />charge%. and that law is finally interpreted so that the inter" %I err other .:bu.,:c charges collected tit to he collected in
<br />connection with the loan exceed the permuted limits, then sal any such Irian .barge .hall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit, and (hi any sums already collected U'r•arn Harrower which exceeded
<br />permitted limits will he refunded to Borrower Lender ma% th4kiw to make this refund h} reduong the principal owed
<br />under the Note or by making a direct payment to Kim ewer if a refund redui 4v%tprmcipal, the reduction will he ireaied as a
<br />l partial prepayment without any prepayment charge under the Note
<br />13. Legislation Affecting Leader's Rights. If enactment or cxfrtra:nm of applicable laws has the eflett of
<br />rendering any provision of the Note or this Stsvnty I n%t rumens une^,iorceable according to n% terms. 1 ender, at its 003.111.
<br />may require immediate payment in full of all sure% secured by this ~county Instrument and may in%oke any remettwt%
<br />permitted by paragraph 19, If Lender eitercow% this option, lender shall take the step%%peeafied in the %mond paragraphh of
<br />paragraph 17.
<br />id. Notices. Any noocc to Harrower prtnrdctf firs 111 this ti%s:unt% Instrument shall he Fatten by delivering r. nR bi,
<br />tf =
<br />mailing it by first class marl unless applicable law requires u'.c ref another niethtrif 1 he nonce %hal Ix- directed! i, the
<br />Property Address tie any ocher address HI►rrtrwer de.tgnates by n0rt,e tar 1 ender Any ounce Its 1 critter ,.h.ill he green by
<br />first class mail to I ender'%.iddress %tiled herein or ;toy tither address l ender dcvknatcs by Ltipce It, Hill r., wer A »% notice
<br />' G ",'sided for fit this Security Instrument shall he dcerttM tit hate been Keen w li0rrowcr 4 i I ender %her• it, ven as pror%ided
<br />in chn paragraph
<br />1S. Governing IlAw. 5everability, 1 his SccuriI% Ins►rurnew shall Ise gu%erned h% Iedcr,nl Low .11,41 the• 1.0w r•^ !tr
<br />jurisdiction in which lire Property I% I1lcated In the :Bent that an•t rro%1s1on or tlau%c of th:. sctunt% In.ounicnt.
<br />i Note cuniirris 011h appitcat►ie law• suds it1116nUt snaii 1101 ;11 %t, L ^mer pit %rums or Iht% set unt% htmrurme,tt or the tihee
<br />whwth %an he given etTect without the conflicting pn►ststun I0 this end the rr•1• . moon% 0f this 4t ants tr... "! —Iment and the
<br />Notteare declared for he so :.rabic
<br />16. Borrower's Copy, Horroster shall tw. gl%c11'tile r the N,we .Irr,.t +11 this 5iti•unt% Instrument
<br />17. Transfer of the Properly err a henetkial laterest in lkrrower.
<br />It ali + r Ur, ,dr t 0 the Property ,•,r .city
<br />interest tit it is wld or transferred t+ar at J F.•r.•Ei.•.yi ,wiw...r u. iL.•...u....... +.a ..... ..._.._� ._., u..._ .. __ .. _.
<br />— .__. _. _ ............. _ _ .. ...... -... • .., so-so ........ —a, n n.•% a nrturar
<br />per-win) without Lender's prior wnttt•1t 4o11teut. l ern:zrr may. at its opiwit t •,,•.fir Inu11rttlate payme11t fit fill of,ill sums
<br />secured by this Security Irrmrumcert (loac%er ttrrs uptlun shill not he exet,,,ed ti% I ender it' e'%ert•iw 1. prohihiled h%
<br />federal law asofthe date 0fthi%twmrat% Instrument
<br />If lender exercise'.thts uptlow, l ender .hall gi%e FLitruwer rout a 0l I,. r;rr avI. - I. I he not ice shalI pr. 1, a perttd
<br />of nut less than ttldu)% lrtam the date the notice t. deli%ered or mulled w ohm ,►Its, h 11r+rn,wcr must pa% ill sans wcueeti h%
<br />this tic: unly Instrument If Fiorroi%et fails to pay these stints poor to the c srsr.srl, •r • •t that% ik•ntsf. I ruder ma% mst,ke 1n%
<br />remediespermitledby this tie curil% Ins trumentwi thoutfurthernooce ••r.trnr.ar,at• ni at."Act
<br />18. Borrower'b Right to Reinstate. If Ktrrnower meek trrtau, 4: •r,.t,ra rat 1t.'rr• •wet %hall hr%r the right h, h.oc
<br />enforcement 0f this Security Instrument diwontinued at am whe r r...r It, rate a Orr% {r of r.a o %I t% s tor sit, it . •then iu nett .I,
<br />applicable law may rpectfy for rrutslatemrnll i+efiae safe 0f the Pt: yiwrr% rar,u.rnr r. • .+r• t tv we+ .•t . :111 , +�nlanled in Ill,,
<br />Sctunly Instrument;
<br />or th) entry of a itidgrilcm enionn► g this %rcurny I.• ",mcrlr t
<br />(�, •...� , . •n.f%n. r1, sure that IA%rr0wrr
<br />(a) )teas Lender all sums which then would he due under this titturns G'T,rr.,f„to, t•,,t rh,• �<.•R 1,.4,4 110 et,elrr.tll,.k
<br />tk cursed, 11ii cures any default oI sit% tither .t,%ritsnt% .a .igicrmenn I, r (,n, ,1;c , �1. < . •„aril rat 1•n1••rtnlg Ohl%
<br />a,
<br />ti
<br />tiet•urUy 11ist►utnr11t. Including. but nor htnited t.1 rrammahle alturiu•%%' fro, .11111 I01 r.rl,..+,, i, •o I,.-I. a. 1 rndr•r 111.1,
<br />to
<br />rcauatably requite t0 assure that the licit tut IhI, %murit% Imtrutncnt. I 4-11del , n%•tfi, 111 ill, 1't.q•r 11% .%fill K'110wt r •
<br />libilgatiorl to Pas rile sums secured by 1111'. setunt% Instrument ,11.111 "'11111r1tr uri, h.1tiO d 1 t•. •n r.,n.t,,r. rat. u, L%
<br />Ilorruwer.1h1, tits ant%IlstIunlentandthe.•hilga tool lcc c, Ill cdi t.Ivb% for I'll it, 1,,,Irrtt,.•nhad
<br />•
<br />.sru11cd 11owe%rr. thlsfirlu wtrulsiateshulln.%i.ygsl% 111flit .$ %I ,•i a.111rr.11%•.n 11t1t1,r 1•,r.1'1.,t•h, 1 +,•1
<br />
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