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$9--- 104347
<br />�. 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 stmh time as the requirement for the,
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />s. lespeetion. Lender or its agent may make reasonable entries upon and inspections of the Ptcperty. Lender
<br />shall give Borrower notice at the time4or prior to an inspection specifying reasonable cause for the ingestion.
<br />9 C iedetttttation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any pan 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 eta 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 %trower.
<br />if the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make wt award or settle a claim for damages, Bamwer faits to respond to Lender within 30 days after the date the notice is
<br />given, Letttter is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the suutd>;secured by this Security Instrument, whether or not then due.
<br />€ nlisss lender and BorMweralfierwise,%pm in writing, any application of proceeds to principal shall not extend or
<br />postpone the due dots of the matisfr : payme g% referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />1flt. awralvet Wit Refte qt ; Vsorbeartvw By Lender Not a Waiver. Extension of the time for payment or
<br />Modification of amt dt hffo i ail: t�7c "sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of arrowe•'s►hsli ilea upetsirj� to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be ri 4aitrii to, >fl mmence proceedings agzinst any successor in interest or refuse to extend time for
<br />payment or otherwhe trsktxh ar»or ization of t,r<,:e.�wins secured by this Swuity Instrument by reason of any demand made
<br />by the original Borra*itr or Borrower's succesmomin interest. Any forbearmor by Lender in exercising any right or remedy
<br />shall not ben waiver of or preclude the exercrwr0any right or remedy.
<br />114. $nccessors gad Asahmit Sound,- J ixt aM Several Liability; Co4igotess The covenants and agreiemeim of
<br />this Sectirfith-Instrument shall bind.rrin *:if to successors and assigns of Lender and Borrower. subject to the provisions
<br />of paragrkb_.:l7. Borrower's covenants a� ajr=nents shall be joint and several. Any Borrower who col -signs this Security
<br />Instrument but does not execute the Note: r iii; iisco- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under tlor: terms of this Security instrument; (b) is not personally obligated to pay
<br />the sums scoured by this Security Imt mment; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, Fntbear or make any accemirnudations with regard to the terms of this Security Instrument or the Note without
<br />that Boi rcwer'sconsent.
<br />IL Lotus (surges. If the loan seeurec A j..,ehis Security instrull.T=t is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted sr,[ lihat the interest or cn#r loan charges collected or to he collected in
<br />connection with the loan exceed the permitted limits, then_: (a) any such loan charge shall be reduced by the amount
<br />necessa* to reduce the charge to the permitttd,limit; and tb) any sums already cotleved from Borrower whicfn.texceerded
<br />permitled limits will be refunded to Borrower. Undcr may choose to make this ref, d by reducing the principal owed
<br />tinder the Noteor by making a direct paymer-rtttst Borrower. If a refund reduces princtga., the reduction will be treated as a
<br />partial prepayment without any prepaymentc ?ssrae under the Note.
<br />13. Letialatlos Affedia# Loder's Rights. If enactment or expiration of : rp1icacie•'raws has t:< effect of
<br />ix:4triitg. any provision of the Nucst'Yc.this $ecunty Instrument unenforceable accordin to its terms, lxr_dcr. ,ttti is option,
<br />i *;isf re rt rc immediate payment ;rn f�.1 of all Burns secured by this Security instrument and may 13-I ;.te il;Ve remedies .
<br />ptermined by paragraph 19. If Lender cmmnk�^it his option, fender shall 1, i-a.ke the steps Specified in the secpna.. paragraph of
<br />paragraph 17.
<br />14. Notices. Any uorice ra Borrokr epf )vided for in thisSecu:ay Instrument shall be given by delivering it or by
<br />Mailing, ti, by first class mail tun!tmt.:.ipplicabitt law req-- tru% ace of another method. The notice shall be dimved to the
<br />Propert, Address or any ott _,il ald'ress 1lorroa,-r• desigrr,.a(,,w t)y notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's a.14ress stated hercr!,i� *r ,my other address Under designates by notice to Borrower. Any notice
<br />provided for in this Se.. -anty Instrument shall be 4S'temed to have been gn. en to Borrower nr Lender when given as provided
<br />in this paragraph.
<br />I.S. Governing Law; Severability. This Security In.- w- unient shall be governed by federal law and the law of the
<br />jurisdictuin in which the Property is located. In the event th,4t any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting pmvi� ion. To this end if-.c provisions of this Security Instrument and the
<br />Note are declared to be seisierabie.
<br />16, -Borrower's Copy. Borrower shall be given one ctinfnrrncd copy oft he Note and of this Security Instrument.
<br />17. Transfer of the Property ore Beneficial interest in Borrower. If all of any part of the Property or any
<br />interest to it is cold or transferred for if a beneficial interest in Borrower is sold or transferred and Botrt)wcr is not a natural
<br />person) withtsut Lenders prior written consent, Bender 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
<br />federal law as of the date (if thi%Sccurity instrument.
<br />If Lender exerctces this option, Lender shall give Borrower notice of acceleratton 1 he notice shall provide a period'
<br />of not lest. that) 30 days from the date the notice is delivered or mailed within which Dom I%er must pay all toms secured by
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration of this perultl. Lender may invoke any
<br />7ei„fffifi it itit.4�rtSy thiSSiecuritj IrAlfurseiif %othout futiltct tterilueut doliatttllift &T1ffivVC1'
<br />Is. Borrower's flight to Relestate. If itorrnwer meets certain conditions, iforrou,er Shall hate the right tit hale
<br />enforcement orthis security instrument disc lntmued at any unic pnilr to the earlier of lei s flays It. r Inch other peni+d as
<br />applicable law may specify fclr reinstatement) before sale of the Property pursuant tut sty passer < +f sate contacted to this
<br />Set nrity Instrument. or IN entry tit ludgtttent enforcing this Security Imtrument I hose conditiunv are that Borrower
<br />(a) pays Lender all sums which then would he due under thm Security Instruoictit and the Notc had no acceletatunl
<br />i*:eurred, the cures any default of any either ect>,enants or agrccmenv.. ki pays all csp>emo. Incurred in cnfi,rctng this
<br />Security instrument, utaudtng, hilt nut poised Iii. teat'Itiahle ;horse }s' fetes. anit (d) tAx% .uch acitint av Lender may
<br />res%,_mably require to assure that the lien of tin+: Scturity (natruniviii. I ender',, right, sit thw Pfopert:, and iforr,mcr',
<br />t:bhX�shnti tut ply the %UIIM stcurett h} rill% S< =urity Instrunicne 411,111 ;(+ntnnie onah.►ngrd 1-jum rono- homes% 4,t
<br />i]Gitrt.y►Ct. thi4Sc{.urity instrument anal t ;te 4 )blti;:etititis trturft) ticr0i) ,Halt ivnt:im tit II" t ft-t : -'IW .l� Iftlt, Rl4 e'trt.ltl ll tl.ltl
<br />its ! u rrcd Ht Wecrt, tun,, tight it, triit'ztltF.' %li:lt) fi'Tr iltl'} in iiir't im7 i ;f 3Z2Etrr.+i! '*t :tllttt'F (.'t'.i:'C !['il ;. t l . -: i
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