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<br />90- 105012
<br />if Lender required mortgage insurance as a condition of making the loan sutured by this Security I nstrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirerneat for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
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<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, direct or 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 />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 condernmor offers to
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<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date t he notice is
<br />given, Lender is authorized to collect and apply the proceeds. at its option. either to restoration or repair of t he iProperty or
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<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unlen fender and Borrower otherwise agree in writing, aoay' application of proceeds to principal shall not ennead or
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<br />postpone the due date of the monthly payments referred to in paragraphs 1 acrd 2 or change the amount of such payments.
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<br />10. Borrower Not Released; Porbeatratnce )By Leader Not a Wailer. Extension of the time for payment or
<br />modification of amortization of the surds 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 />Lender shall not be required to commealce proceedings against any successor in interest or refuse to extend time for
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<br />payment or otherwise modify amortization of the sums secured by this security Instrument by reason at any dcrnand muds
<br />by the original Borrower or Borrower's successors in .interest. Any forbearanos' by Lender in exercising; any right or remedy
<br />shall not be a waiver of or preclude the exercise of anx righ t or remedy.
<br />11. Successors and AsslRtts Boaattd; Joint and Several Liability; Co• signers. The covenants and agreements of
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<br />this Security Instrument shall bind and Imief3t the successors and assigns of Lender and Borrower, subject to the .pro-. 'dons
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs tfiois: wurity
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<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, gmnl and convey
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<br />that Borrower's interest in the Property- under the terms of this Security Instrument; (b) is not personal N rt:iligated 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 accommim :Jations with regard to the terms of this Security Instrument or the Nmw'without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured bI. 1:his Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is tfirtally interpreted so that the interest or other loan charges collected or ro be collected in
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<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by t be amount
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<br />necessary to re4ace the charge to the Permitted limit; and (b) an -y sums already collected from Borrower whit It ere *--eded
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<br />permitted limits will The refunded to Borrower. Lender may choose to makt this refund by reducing the principa� owed
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<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 withou t any prepayment charge under the Note.
<br />13. LegWation Affecting Leader's Rights. If enactment or expiration of applicable laws has the effect of
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<br />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 Security Instrument and may invoke any remedies
<br />!permitted by paragraph IQ if Lender exercises this +motion. 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
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<br />mailing it by first class 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 by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be dec vrxl to have been given to Borrower or Leader oabien given as provided
<br />in this paragraph.
<br />IS. Governing Law; Severability. Tlhrs Sx.vnty Iasi mment shall he governed by kn+::n! lase and the law of the
<br />Jurisdiction in which the Property is k -:ued. In ire event tear any provision or claube of this St rsrory lim runnent or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Securiiy law. ument csr the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Seeunty instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one confor ned copy of the Note and of this Security i rfurument.
<br />17. Traasler olt the Property or a Beneficial laterest in Borrower. If all or any part 1►f the PrtWrty ur any
<br />interest in it is sold or transferred (or if a beneficial interest to florrow•er is %old or transferred and lkorrow er r %nt ►t a natural
<br />person) without Lender's prior written consent, Lander relay, at its option, reyurre immediate payment in full <►fal l cunt%
<br />secured by this Security Instrument. However, this opton shall not be exercised h% Lender if exerer%e 1s prt-►btbited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall gi%e Borrower notice of acceleration The notice %hall pr1+11 -tea peruxi
<br />of not less than 30 days from the date the notice is delivered or mailed within which narrower mu %t pa) al I %u nn sou rcd 1^y
<br />this Security instrument. i(Borrower fails to pay these %urns prior to the e%pitatk Pit of this period, lender rna% emokc any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />18. Borrower's Right to Reinstate. If Mirrouer meet%certain conditions. ltr►rrower .hall haw the right to have
<br />enforcement of tht %Sccurity instrument discontinued at any time prior to the canccr of fa); day • r1a such , •the r period a%
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<br />applicable law may specify for reinstatement) before .ale of the Property pur %ttant to .ray p,�wrr of %:,Ie C1 +r►ta1 ncd 111 the.
<br />In%truntent. Sciunty InArunrenr 11,11" hr.r +ndm +n.,1n t 11.11 11.n r +wit
<br />Security or Ib) entry of a judgment cntiming fill% .,
<br />(a) pays Lender all %urns which then would he due under this %crut11% In.uutncnt .u1d :h•; \,Hc• had n,+.1 -kilt 1.11,1
<br />rcccurred, (h) cure% any default of any tither e,ownanl% or jFrswtncrlt%. t.r p,►y..ill ctltrl.•., 1n,urr.;1 n1 tilt, I1,n;g 1111.
<br />Security Instrument, including. but not limited to. rea%nrlahle athorncy %* ire•. arld r,l► 1ak,..u.h :1, n+ln .1, I ClIA 1 111.11
<br />reasc►nahly require to a %sure that the hen of the. SeeoraN Instrument. I ender'. right. 11 the 1' o w..1 d F U1t. -, r .
<br />obligation to pay the %urns wcured h) IN% %L:ur►t) Imtrun►t•nt hall „'ntnrluc 1101.1f+'rd I r+,,;I 1.11.1.1111++, + +1 1•,
<br />Horro%%er. ihts Seeunt) Instrument and lily 1 +hhgahl :l. %tom aryl herths .hell rcnl.rin 111111 1 tic, m, 'I'll ft.. .I .,:. +1+ ." h 1,1
<br />occurred Howescr, tills fight to reinstate %hall not appl► u; 111: ,. +.< ,O .1.,: to ax1 ,:+ uti'lel p.11"1.1.1 i•!l, ; l • • • I -
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