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<br />90- 105740
<br />r If lender required mortgage insuranm as a condition of making the loan secured by this Security instrument,
<br />&xrower 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. director 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 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 />j the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before file taking, divided by (b) the fair nuorkel value of the Property immediately before the taking. Any balance shall be
<br />i 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 ill day, after the date the notice is
<br />i 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 Borrower otherwise agree in wasting, any application of proceeds to principal shall not extend or
<br />I postpone the due dale of the monthly payments, referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />I 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 />i L n&-r *.-[I aaa; Fc rcquircd to com.ann, cc FrG"- ,- diatgs against any SucceaSor iii inteirM tit refuse to extend time for
<br />payment orothev9 -tse modify amortization of the sums secured by this Security instrument by reason of any demand made
<br />I by the original Bevarawer or Borrvwer.'s situ s41•s in intem-A. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a a.aiser of or pcitclude the exercise: of any right ur remedy.
<br />11. Sowcensors ant'1 Assigns ®aa1tW; Joint avoid Severalt Liability; Co-signers. The covenants and agreements of
<br />this Security _instrument shall hind and benefit the succewmsiand assigns of Lender and Borrower. subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements %hail bt: joint and several. Any Borrower who co -signs this Security
<br />laserament but does not execute the Note: (a) is co-sag onS tf'Itis Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the termm o *f this Security instrument. (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrev* that Lender and any other Borrower may agree to extend,
<br />1 modify, forbear or snake any accommodations with regard tit the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loon Charges. If the loan secured by this se--u-n!) Instrument is subject to a law which sets, maximum loan
<br />charges. and that law is finally interpreted so that ryw rr.•Irrt'st or other loan charges collected or to be collected in
<br />connection with the loan exceed the pea' nitted limits. than: ta) any such loan charge shall he reduced by the amount
<br />1 necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Wlrrzwer. Lender era) choose it) make this refund by reducing the principal owed
<br />under Ike Note or by making a direct grp pent to Horrouer If a refund reduces principal, the reduction will he treated as a
<br />partiaO prMayment without any prepayinent charge under the Note.
<br />13.. Legislation Affecting Lender's Rights. If en:wtment or expiration of applicable laws has the effect of
<br />f' rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Secunty Instrument and may invoke any remedies
<br />permitted by paragraph M. If Lender exercises this option. Lender shall take the steps specified In the second paragraph of
<br />1 paragraph 17.
<br />16, Notices. Any notice to W- wruwer provided for to this Security Instrument shall he given by delivering it or by
<br />mailing it by first class mail unless al:VC4,°.iible law regwres use of another method. The notice shall he directed to the
<br />Property Address or any other address Borrower &%tgnates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or ;any rather address Lender dt'signates by notice to Burrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />j in 01111 pulagra ill.
<br />1J 15. Governing Law; 5everability. This Security Instrument shall he governed by federal law and the law of the
<br />ijurisdiction in which the Property is located. in the event that any provision or clauvr of this Set: unty Instrument or the
<br />t Note conflicts with applicable law. such conflict %hall not affect other pntvismns of this Security Instrument or the Note
<br />i which can be given effect without the conflicting provision. To this end the provimom of this Security Instrument and the
<br />16, Borrower's Copy. Borrower shall he given one conformed clips tit the Note and of this Security Instrument.
<br />17, Transfer of the Property ore Beneficial Interest in Borrower. If ull or an) pitri of the Property nr any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Horruva.ter;* am,+s :e nou rat
<br />person) without Lender's prior written consent, Lender may, at Its option, require imrediate pay mem•r. -;r. rti�li �':al +,ums
<br />secured by this Security Instrument. However, this option shall not he exerta ed by t tender if ewrcnc is pruhafi:rec i"y
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of accelecation. The none shah provide a perish)
<br />of not less I han .10 days from the date the notice is delivered or mulled wit hoot which horrow c r mu%t pay all sum:~securedby
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this fx•riod. 1 ender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand tin Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall hale the right at hose
<br />enforcement of this Security Instrument discontinued at any lime prior to the earlier of (a) S day% im such other period as
<br />L applicable law may specify for reinstatement) hefitre bale of the Property pursuant tit ,any power t tf sails olitia med 111 this
<br />Security Im.trumeut, or (h ) entry ofajiudgrnent etilorcing this Sea.urity Itt%itmo,•nl Ihow t,anhttons are heat It'll I,,%% e1
<br />(a) pays lender all sums which then would he due under this 1%ecurny Imtlurncnt .old tilt 'store had n,, .trtrlrUllolt
<br />occurred; (h) cures all) default of any other covenants or agreements. it.) pays all csl><na. tilt urird m rot „ItnIF ih1.
<br />Security Invtrument. Inviudltig, but not limited tit, reasonable talloniv)%' fees. and itli talks. slhit ,shitm .1. 1 rltdt'I Ila.l►
<br />reasttnahly require its assure that the lien tit this Sccunty hisuumcm, I entler. 1lithi+ of the .111,1 11,1111,wrr•.
<br />obligation to pay the sums ..•cured by this SecuntY Imirument shall t.ttlturtlt tilt, hangutl 1 1 -11 1etiI.1.11, owill hs
<br />tIorroe►er,1hi%Sv:,ioii) to itinicnt and the obligations stcuicd hotht \hall It•I11.IIt111111% olt•ttnt ...It 11„ .Iw Itl.all„li had
<br />occurred. Howes et, tIm tight to relnstateshall not uppl) in the .aw of artctraalloo uudrl psi nglahh. I •,v I ,
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