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<br />-" 103994
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as a requirement for
<br />the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />0.. Inspection. Leader or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Buitwwar 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 any
<br />condemnation or other taking of any part o£ the Property, or for conveyance in lieu of condemnation, are hereby assigned and
<br />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, whetheror not then due, with an .xcess paid to Borrower. In the event of a partial takingof the Property, unless
<br />Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by the amount
<br />of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before taking,
<br />divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower,
<br />If the Property is abandoned by Borrower, or if„ after notice by Lender to Borrower that the condemnor offers to rnAi
<br />an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date the notice is gN=' ,
<br />Lender is authorized to collect and apply the procm&, at its option, either to restoration or repair of the Property or to the
<br />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 shatl 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 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 Lenderto any successor in interest of
<br />Borrower shall not operate to release the liability of the original Borrower or Borrowers successors in interest. Lender shall
<br />not be required to commence proceedings against any successor in interest or refusetoextend time for payment or otherwise
<br />modify amortization of the sums secured by this Security Instrument by reason of any demand made by thetariginal Borrower
<br />or Borrowers successors in interest. Any forbearance by Lender in exercising any right or remedy shall woe be a waiver of or
<br />preclude the exeressee of any right or remedy'.
<br />11. Suceessori and Assigns Bound,-Joint and Several Liability; Co- signers. The covenants and agreements i>f this
<br />Sccuri :tt:irL•.^.t.e. ^.t p1:3U l.t ny1 and i, .,Mf_c i}k g., Zaaug _art action n41 .-slAor arui Anrrnwrr %ithjrn rn, the nroviciont of -
<br />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 Noce: (a) is co- signing this Security Instrument only to mortgage, grant and convey that
<br />Borrower's interest in the Prnrnrry underche terms of this SHUrity Instrument; (b) is not personally obligated to pay the
<br />sums secured by this Security Instrument;-and (c) agrees that Lender and any other Borrower may agree to extend, modify,
<br />forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that
<br />Borrower's consent.
<br />12. Loan Charges. if<te loan secured by khis Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is fina* i. nterpreted'su that the. interest urether loan charges collected or to be collected in connte+,-tion
<br />with the loan exceed the pectnitted limits; then: ( a ) any. such loan charge shall be reduced by the amount necessary to ttniuce
<br />the.charge to the permitted limit; and (b) any sums atre;dycollected from Borrower which exceeded permitted limits wil4be
<br />reC .pded to Borrower. Lender. may choose to make th refund by reducing the giincipal owed under the Note or by making a
<br />44en. payment to Borrower. If a refund reduces principal, the reduction will ire treated as a partial prepayment without any
<br />prepayment charge under the Note.
<br />13. Legislation Affecting Lenders Rights. If enactment or expiration of applicable laws has the effect of rendering
<br />any provision of the Note or this Security Instrument; unenforceable accordingro its terms, Lender, at its option, may require
<br />i'raatediate payment in full of•all sums secured by. this Security Instrument; jai may invoke any remedies permitted by
<br />paragraph 19. If Lender exercises this option, Lender shall take the steps specifield in the second paragraph of paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property
<br />Address or any other address Borrower designates by notice to Lender. Any notice to lender shall be given by first class mail
<br />to Lender's address stated lietein or any other address Lender designates by rwrice to Borrower. Any notice provided for in
<br />this Security Instrument shall bedeemed to have been given to Borrower or Len &r when given as provided in this paragraph.
<br />15. Governing Law, Severability. This Security Instrument stroll be governed by federal law and the law of the
<br />jurisdiction in which the Property is Infrared. in the event that any provision or clause of this Security Instrument or the Note
<br />conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can
<br />be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are
<br />declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Burrower is sold or transferred and Burrower is not a natural
<br />person) without Lender's prior written consent, Leader may, 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 federal
<br />law as of the date of this Security Instrument.
<br />If tender exercises this option, Lender shall give Burrower not ice of acceleration The not rte shaft provide Per todof
<br />not less than 30days from thedate the notice is delivered or mailed within which Borrower must pay all sums secured by this
<br />Security Instrument. iE Burrower fails to pay these sums prior to the expiration of this penttd. Lender may Invoke any
<br />remedies permitted by this Security instrument without further nonce or deinand tin horrower
<br />18. Borrower's Right to Reinstate. If lorrower meets cc ream condition,., Korrower ,hall have the right fiat have
<br />enfotcement (if this Security instrument distilntinued at any time prior a, the earlier ref r a, ; da),. [ur truth other perif+d a,,
<br />applicable law may specify for reinstatement) before sale of the propvrt) pursuant foam) pow'cr of sale contained In tilt,. 5e.
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