|
89-- 144156
<br />Fi 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 taw.
<br />R. Itttigtetiat, Lender or its agent may make reasonable entries upon and inspections of the Preperty. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Coodtawtttiott. The proceeds of any award or claim for damages, direct or consequent all. ire connection with
<br />any condemnation or other taking of any part 6f the Property, or for conveyance in lieu of condemnation, are hereby
<br />araigned and shall be paid to Lender.
<br />In the event of a. total taking of the Property, the pnveeds stall be applied to the sums secured b.y this Security
<br />Instrument. wherfi honer not then due. with airy excess paid to Bc- rmwer. In the event of a parted taking of the Property,
<br />unlem Borrower art &.bender otherwise ague in writing, the sums secured by this Security Instrument shall be reduced by
<br />flit amount of the =4tirlied b}•, the following fraction: (a) the total am�mt of..the sums secured immediately
<br />bt+ a dolt taking. day t<fed by �U a/ket value of the Property immediat &*: bemire the. taking. Any balance shall be
<br />{ 2 Borrower
<br />If the Pn r*01Y is abandon d Et ' 136rrower. or if, after noti l y Lenri+x i :!s3 t +rrowe t itt'the condemnor offers to
<br />tgaYt atrtt award or settle a claims ftrr damages, Borrower ferLs to respomi to L&Wt:ts. in. 30 days after the cwx the notice is
<br />iawt ; T ender is authorized to collect and apply the proei mss. at its option, ritherN+ t�,storation or repair o..tjoe Property or
<br />torcfiYtxums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower othervise agree in writing, anyapplication of proceeds to .principals :u not extend crt
<br />postpone the due date of the monthly paytts"s refereed to in pare s I and 2 or change.t amqunt.d4ti :h payments.
<br />i0. Ratrower Nat RehmN* Fa!i aiwe Oil t,etsder ti6t a Waiver...Extension. c�khj. titrw'ftar payfrient or
<br />modification of amortization of the sums' s�wred by >rhm Security Instrument; gvanted bv'Iundcr to-aT* 34ccawr in
<br />interest of Borrower shall not operate to rt:( the liAlit'y of the original Borrower or Borrov -Wi sued ,in intermit..:
<br />Lender %hail not be required to comrnen.q- � proceodings against am succe sar in interest cc Miss to extend time ftvr.
<br />payment or otherwise modify amortiza:,�uki:flisle sums secured by this.5.iccurity Instrument by reason of any demand rttarki:
<br />by the original Borrower or Borrower's summsors in interest. Any forbearancef,, � Lender in exercising any right or remedy
<br />shall not be a waiver of or prmlu&- the exercise of any right or remedy.
<br />11. Sttecona &W Maisie Bound: Joint add Several UaWity, Co,-WX ere. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Under and Borrower. subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shalt be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Sects ity listrurnent only to mortgage. grant and convey
<br />that Borrower's interest to 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) s,rees that Lender and Any other Borrower may agree to extend,
<br />modify. forbear or make any accommodations with regard to the tests of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loot Chorus if the loan secured by this Security Instrument, is subject to a law which sets maximum loan
<br />charges. and that taw is finally interpreted so that the interest er mher Wait charges collected or to be collated in
<br />connection with the loan exceed the permitted limit.,. then: (a) any such. Inum ah- arge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and ('h) any sums already ciAtected from Borrower v6l;i2h exceeded
<br />permitted limits will be refunded to Borrower. Lender may chrtr,;e: to make thts;aefund by reducing the principal owed
<br />under the Note or by making a direct payment to Besrrower. Ira encored rct!we s 1=�ncipal, the reduction will be tested as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. LegM sOm Affecting Lead tr's Riots. V enactment Or expinflii m of applicable laws hwi cl$e effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable aus ording to its terms, i.ender, era
<br />rrray require immediate payment to fall (if all suns wurrd by this stscunty Instrument and may invoke any rerhesf`.is
<br />permitted by paragraph iQ. if Lender exerci -ics this Opatm. Lender OJill tilt the Steps specified in the second paragraph of
<br />paragraph 17.
<br />19. Notleve. Any notice It- Borrower pravidcxf fur in this Security, Ptn.se gtular�nt ~hall be given by dsJ,iwtering it or by
<br />mailing it by first class mail unless applicable Imty regttrrtrs use of another The notice shall be directed to the
<br />Property Address or any other address EWrowe:r designates by notice to Lender. Any notice to lender shall be giver, icy
<br />first clan mail to lender's address stares: herein err any other address Lender designates by noticod to Borrower, Any ni,tkc
<br />provided for in this Security instrument shall he deemed to have been given to Brrower or Lender when g;,utsx a9 provided
<br />in this paragraph.
<br />13. Gosembe Law-, Severability. Thin: Security Instrument ~.hall be governed by federal law ari `iron law of the
<br />jurisdiction in which the Proper,) is located. in the event that any provision or clause a this security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security lnstrunKnt or the Note
<br />which can he give , effect without the ce+ufltcting provisurrt. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />ii. Borrower's Copy: Borrower shall he givetr vaite conformed copy of the Note and of ihiti Sgcuti f•!t; Cnstrument.
<br />1 ?. Traaaftt cf die Prgerty ar a Betteticdal 1INWest In Borrower, If all or any pan of the nr .perty or any
<br />interest in it is wld -tar transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower eti not a natural
<br />person) without Lin&r's prior written consent. Lender may, at tic option. require immedurtr payment in fvLl, of all sums
<br />secured by this Security instrument. ifoweser, this option shall not he exercised by l.erider if exercise ss llc4ihited by
<br />federal law as of fhe date of thrs<;ircurity Instrument.
<br />if lender exercises tl�ir tgpPion, Lender shall give i}drrow'er notice cif acceleraltnu. 'the notice shall provide a peritid
<br />oftim less than 30dayti fritfn {.pr_�Ute the M +tree is delivered or ntait;r atthtn which Ilctrrosvcr must pay all cum% secured by
<br />this Security Instrument. if &- irritwer fails tu-pay these suns prio. the expiration of this period. Leittler delay invokc any .
<br />reirim s permitted M this Set:wnjy Ins(rument w ithow fvithet rtcrtt :e or demand on filorrtower
<br />A. BMrUwtt'a Rig�it tie ileMatate. If Iforrowsr enter. certain condition %, Borrower shall have It ;- slot t(r have
<br />cnftwcernrni of rho% Security Instrument discontinued ai any tine prior tot lie earlier of (a) S da} % (or such to., her period as
<br />L ttpphcable law tray specify for rewmatement) beffrre sale of the ProFxrl) pursuant to any fw+wer of tale contained to this
<br />Security Inorument. or (b) entry (if a judgment enforcing this Security Instrument 7htrse cortdttions art that tkrrrower
<br />(a) poly Under all sum, which then would be due under 1111% Security Instrument and the Note had no acceleration
<br />+weuretil.
<br />4b6 curn any default of any other tO' cnant'i Of aigreementz. (L i rays all espen,e% incufted to enforcing. tot%
<br />5esuraty In %f :omen!, ins iudirtg, but peat limited its. reasirnabfe attt�rnc;•' fit s.
<br />and (c)} t fitt%.uclt action as lender rn i%
<br />tt*V- trebly require fro assure that the lien ref this Security instrurnent, I ender'% repht% 'it the Property and )krrruucr'%
<br />r.l+Ittatum {n rwv the %unit ariufcd by this Security InArurr.ew shall cnntinue nnLli.snFed t'r,zrt rcntatatetrtrrtt !}%
<br />eerie.rhmscLu ai, Imoitim,!iltand {)!Pr}+ ltd.:ir!!rfi%%ml it eft rcrn .rin(tallyCiTroiuea% it' tit)
<br />:S tC!([ «!ti.11tl :ld
<br />tKi.ntrrtl Ile, A(*%,Fr.til,t right tofrin'; fate. %has'1 III .li,ftpl4fit Mct,.vt:tifa-- ielr--[.!t t tinder rmirrarli,IIttt 17
<br />r.
<br />M
<br />1�
<br />.J
<br />.w
<br />}e
<br />
|