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89�" • 103957
<br />t If Lender required mortgap insura m as a coalition of mAing the loan muted by this Security Instrument,
<br />Borrower shall pay_ the pnmitats required to maintain the insurance in effect anti) suFit tithe as the requirement for the
<br />insurance terminates in aecordittiet with Borrower's and Lender's written agreement or applicable law.
<br />S. Iatpectloa. L eadw or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />iltW give Borrower notice at the time of or prior to an inspection speciWng reasonable cause for the inspection.
<br />9. CowMwttallm The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />any coadetweation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and stall be paid to Leader.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrumment, 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 Leader otherwise agree in writing, the sutras 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 ohm to
<br />make an award or settle a claim for damages, Borrower fhils to respond to Leader 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 re storatioim or repair of the Propegy,,O
<br />to the sums secured by this Security Instrument, whether or not than due. ;
<br />Unless Lender and Borrower otherwise agree in writing, any application of procftfs; to principal shall not extMI or
<br />1 postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such paynijam
<br />10. Borrower Na Re han* Forbearance By I.eaier Not a Waiver. Extension of the time for paymot:-or
<br />modificastioa of amortization of the sums secured by this Security Instrument granted by Lender to any successor inn
<br />interest of Borrower shall asht�aperate to felon the liability of the original Borrower or Borrower's successors in intefl*..
<br />Leader shall sot to regteu lei "te commaciaeproceedinp against any successor in interest or rdUw to extend time for
<br />payment or otherwise ttsotli$r.gytCiortizatiadb aft'* sums secured by this Security Issrir,tatent by reason of any demand made
<br />by the original Bontower orhlbrr fiver's soots its interest. Any forbeararke blo- , der imt.e>cer casing any right or remedy
<br />shall not be a waivaof or preclude the e e se of any right or remedy.
<br />11. Saccemore mti Aarign Billioi lw Jniat sad Sewtcal Lh*filty; Coopers. The covenants and agreements of j
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the ppovisiom
<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 cosigning this Security Instrument only to mortgage, $rant and convey
<br />that Sorrvwers interest in the Property under the terms of this Security instrument; (b) is not personauI .owigated to pay - - the sums secured by this Security Instrument; and (c) agrees that Leader and any other Borrower may agree to extend,
<br />modify, forbear or make any aceommodadons with regard to the terms of this Security Instrument or the Note without
<br />i that lrarrnwws t.
<br />11 Lnaa Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan chargm 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 amount
<br />necessary to reduce the charge to the permitted limit; and (b) any stuns already collected From Borrower which exceeded
<br />permitted limits will be retimded to Borrower. Lender may choose to make this refund by irbducing the principal owed
<br />under the Now or by, making a direct payment to Borrocycr. If a refund reduces principal, the reduction will be treated as a
<br />Partial prepayment without any prepayment charge underr the Note-
<br />I& I.egimrWiiatt iAfl!tktiag Larier.911. MOM If a ductment.or expiration of applfeabk laws has the effect of
<br />rendering any provisi6s,of the Note or this $iocurity Instrument unatfoi�ceable accordiaa taahs.Wrms, Lender, at its option,
<br />may require immnodiati.l?rtyfitent in full ix"ill sums secured by this Security I nstiuinenrand may invoice any remedies
<br />permitted by paragraph 14. IfLender exercises this option, Lender shall take thersivs spedfied in the second paragraph of
<br />. ' paragraph 17.
<br />14. Notices. Any notice to Bormwpr provided for in this Sexurity Instrument shall be- given by delivering it or,�m�► r
<br />m ailing i y first class mail unless applicWAc law requires use of smother method. The notice shall be directed to, tlih
<br />Property Address or any other address Harrower designates by notice to Lender, Any notice to Lender shall be givett,4
<br />first class snail to Leader's address stated herein or any other address Lender datignates by notice to Borrower. Any nonce -
<br />provided for in this Security Instrument shall be deemed to have been given to Rorrower or Lender when given as provided
<br />in this paragraph.
<br />IS. Coverniut Law, Se eahiiuty. 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 conficts with applicable law, such conflict shall not affsst 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 />IC Derrower's Copy Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Traader of the Property or a Benefield Interest is Borrower. If all or any put of the Property or any
<br />interest is it is sold or transferred (or ifa beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />puma) without Lender's prior written consent, Lender nay, 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 at of the date of this Security Instrument.
<br />If Lender exercises this option. tender shall give Borrower notice ufacceferation. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrumm. If Borrower fads to pry these sums prior to the expiration of this period, Lender may invoice any ,
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />M. BarroweOls NOW N Reiastasta If Botrowe:r meets certain conditions, Borrower shali have the right to have
<br />enfonwrient of this Security instrwnent diseontinned at any time prier to the earlier of (a) S days (or such other period as
<br />j applicab;e law may speaciiy for re +rtststement) before sale of the Property pursuant to any power of sale contained in this
<br />L Security Instrument; or (b) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower
<br />(a) pays Lender all suers vdkh them would be due under this Security Instrument and the Note had no acceleration
<br />occurred, (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />sm::nty lr.;;r;.:,.r;,t. ,i'C :3mrig, but not liMiled iii. rcavmatiie atevrneys' fees: and (d) takes such action as Lender may �
<br />reasonably require to assure that the den of this Security Instrument. E.ender'c rights in the Property and Borrowed,.
<br />obiigatran 'tai pay the Yuma secured by this Security Instrument shall cnrtinue unchanged Lllwn reinstaten:ert by
<br />Borrower, this Security Instrument and the obligaimms secured hereby shall remain fully effective as if no acceleraitcm had
<br />occurred, Ho%e%er. this right to rein -state shall not apply in the case of acceleratuon under paragraph% t t or 17
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