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<br />* -- .,. 90- 105746
<br />ilM1r R.'Miit ?Iwo e4 Ms' w: s
<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 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 />WWI give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Candamaation. 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 a in line 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 parittal 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 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 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 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 />10, Borrower Not Released; Forbearance By Under 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 Bomwer shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be rugw: —d to commence proceedings against any s,w- rocsor in interest or refuse to extend time for
<br />payment or o0httwise moody amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the origins] Borrower or Borrower's successors in interest. Any' fiorbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
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<br />11. Successors and Assigns Bound; Joilau and Several Liability; (Co-signers. The coveasm! -, and agreements of
<br />ibis Security Instrument shall bind and benefit the s:: ccessors and assigns of Lender and Borrower, stet ?jest to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (h) is not personally obligated to pay
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<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 terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Lou Cbarges. If the loam secured by this Securit%. Instrument is subject u, a law which sets maxirrturn loan
<br />charges, and that law is finally interpreted so that the interest; ar other loan charges collected or to be collez ed in
<br />connection with the loan exceed the permitted limits. then: w any such loan charge shall he reduced by the amount
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<br />necessary to reduce the charge to the permitted limit; and (b) any sums alv,.ady collected from Borrower which exceeded
<br />permitted limits will be mounded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct .; ayment to Burrower. If a refund reduces principal.. the reduction will be treaded as a
<br />partial prepayment without any prepayment charge under the :Vote.
<br />13. Legitlsition Affecting Lender's Rights. If enactment for expiration of applicable laws has the eff&t of
<br />rendering any provision -of the Note or this Security Instrument unenforceable according to us terms. Lender, at its option,
<br />may require immediate payment in full of all bums secured by this Security Instrument and may Invoke any remedies
<br />permitted by ;paragraph 19. If Lender exercises this option, Ler;ler shall take the steps specified in the second paragraph of
<br />paragraph l'.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument .shall he given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall he directed to the
<br />Property Address or any other address Borrower 4esignates by notice to Lender. Any notice to Lender shall be given by
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<br />first class to Lender's address sius(ed herein or any other address Lender designanes !� notice to Borrower. Any notice
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<br />provided for am this Security I nstrurnew shall be deemed dos hake been given to Borrowic or Lender when given as. r c7.vided
<br />in this paragraph.
<br />;S. rivvesiu6s Low; arverwiriiity. This Security instrument shall he goserned by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that am prmLacr:ro or clause of this Security Instrument or the
<br />Note contlie -ts with applicable law, such conflict shall not a(fec� either provisions of this Security Instrument or the Note
<br />which can bee piven effect without the c.,inflicting provision. Iro ,:his end the provisons of this Security Instrument and the
<br />Note are declared to be severable.
<br />io. Borrower=s Copy. fsnrrower shall be given one conformed rnr•y at the Note and of this Se.unty Imtrument
<br />17. Transfer of the Property or a Benefield Interest in Borrower. If all or any part of the Property or •ern
<br />interest in it u sold or transferred (or if a beneficial interest in Borrower is sold or transferral and Burrower m not a natural
<br />person) without Lender's prior written consent. Lender may.. at us optnm, require immediate payment in full of all sums
<br />secured by this. Sevunty Instrument. However, this option -,hull not he exeicised by Lender if exercise 1s prohihitW by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercise% thm option, Lender shall give Borrower nolweof ai.:ce)eratton. The notice shall preside a period
<br />of not less than 30 days from the date the notice rs delivered tx mailed µ tt hin w hw h iiorrovi er must pay all sums secured h%
<br />this Security Instrument. If Borrower fails to pay these sums pnor to the expiration ,,f this period. Lender may anoke,in%
<br />remedies permitted by this Security Instrument without further notice or demand on Norroµer
<br />10. Burnawer's Right to Reltastate. If Borrower meets certain conditions. Borrower shall hose the right to hate
<br />enforcement of this Security Instrument discontinued at any time prior its the carliet of (a) c da%s (or such at her rwroitl a.
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<br />applicable law may specify for reinstatement) before sale of the Property purwant to am r%iuer of .ale �ont.dr,ed lit 1111.
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument I hose rondtn „ns ,ire 11,.i1 H„rrriwrl
<br />(a) pays Lender all sums which then would he due under thus Securti% Instrument and the \„ Ic hail no a „•Icralioil
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<br />occurred; (b) cures any default of any other covenants or agreements. (.) Pa%. all rsprn.r% in.urrr,l u, rr,l„I.11ir tht.
<br />Security Instrument, including, but not limited w, reasonable auonie)s' fees. and (,.I) lake. it, It at riot .ts I rndel Ilia%
<br />reammably require to assure that the lien of Ihi-, Security Instrument, I .rider'% right% tit ttit Plot , it% and Ih.1loµrr s
<br />obbgalton It, pa) the sums %muted by this Securm. Insttuntenl A1.111 'rminnic on, hani:,,l I 11-1. reuistan rnr•nt ht
<br />Hot to* cc. Ibis Sautity I"%Ituntcnt and the ohhgaiiom smuimi hcreh% shell reptant lull% ,Ile, II, ,% it no at%e•IrtatI,m had
<br />occurred However. the% right tit rein. tates ha ll not appi) utihe. ase, d. i.. cletatlnoun,t,•rp.oapiapt, %IIol I '
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