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<br />90-- 105880
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />i Borrower shall pay the pt� hirm; 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 />shall give Borrower notice at the time of or prior toan 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 Proper g'
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be Teduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />t 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 lay Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails tit respond to Lender within 30 days after the daze the notice is
<br />i given, Lender is authorized to collect and apply the proceeds, at its opttion, either to restoration or repair of the Property or
<br />to the sums secured by this Security instrument, whether or not then d tie.
<br />Unless Lender and Iorrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />I postpone the due date of the momhly 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 Lender to any successor in
<br />i interest of Borrower shall mot operate to relerass the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by mason of any demand made
<br />+ by the original Borroweror Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />I this Security Instrument shall bind and bertefin the successors and assigns of Lender and Borrower. subject 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, (b) is not personally obligated to pay
<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. LosinCharges. If the loan secured by this Security Instrument is subject to a law which sets maximum Man
<br />charges, and that law is finally interpreted so that the interest or other loan charges 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 sums already collected from harrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />+ rendering any provision of the Nate or this Security instrument unenforceable according to its tox -ens. Lender. at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Under exercises this option, Lender shall take the steps specified in the second paragraph of
<br />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 alass Mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given b,
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided Cm in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this pa. agraph.
<br />1:. Goveming Late; Severabillty. Tho, Security Instrument %hall be Smerned h} federal law and the law of the
<br />jurisdiction in which ehe Property is locates... I.c, tale event that any provision or l'IataCe of this S+e. :ariiv lisClrtlment or rhp
<br />iNote conflicts with applicable law, such conffin shall not affect other provisions of this Socurhty instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisti.in -, of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Come. Borrower shalt be given dine entifitrisipsiennt. of Ih.. 1.a.. on.i ..r s,:. c .....:... t..........�.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any parr of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower n sold nr Itansferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at it% option, nyumrr Immediate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall not he exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises t his option, Lender shall give Borrower notice of acceleration. The notice .hall provide a period
<br />of nor less than 30duys frorn the date the notice is delivered or mailed within which &- irrower must pay all won secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of thi. peritid. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on lorrower
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower +hall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to theeadier of (a) S day. (or.uch other period as
<br />applicable law may specify for remmutement) before wle of the Property pursuant to any power of.ale contained in this
<br />L Security Instrument; or (b) entry of a judgment enforcing this Security In.trunicat 1howcondilitimate that Borrower
<br />(a) pays Lender all sums which then would he due under this Security Instrument .Ind the Note had no acceleration
<br />occurred; (b) curs-, any default of any other cutenaim or agreement., tc) pays all n[senws Incurred to t•nlorcmg the.
<br />Security Instrument, including. but not limited to. reasonable attorneys' f.tiw. and Id) takes much action .t. I ender may
<br />reasonably require to assure that the hen of this tiecurrty Instrument. 1 ender',. rights in the Prnitern and lhsttowcr'%
<br />obligation to pay the sums secured by this Security Imirun►cnt %hall .onlrnur unchanged ('ptin totmaicmeot by
<br />Borrower. this Security In,.t rumerit and the obligations securest Imcichy %hall icotain fully rtic•. rite .I% it no art cleratwn had
<br />occurred Noweter. this right to reintitate shall not apply in the caw �,l actrlcr.,i ai unticr i�.Ir,i m.yh. I i Iq I'
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