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89- = 104506
<br />If Lender required mortgage insurance as a condition of malting 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 sceordance with Biwowees and Lender's written agreement or applicable law.
<br />IL Impoictioa. - Lender or its agent may make reasonsbk 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. Gaiaeaatim. The proceeds of any award or claim for damajImAirect 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 Prqlerty, 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 Bender otht:rrt m agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the fallowing fraction: (a) the total amount of the sums secured immediately
<br />Wore the taking, divided by (b) the fair marke'c 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 condemnor offers to
<br />matte an award or settle a claim for damages, Borrower fails to respond to Lender within 10 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the 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 shall not extend or
<br />postpone the due date of the monthly payments e4ferred to in paragraphs I and 2 or change the amount of such payments.
<br />10. 8srrower Not Rskaaai; Facb ararce By Leader Not a Waiver. Extension d the time for payment or
<br />modification of amortization of the sums- tsecod by this Security Instrument granted by M ender to any successor in
<br />intect*€t. of Bum ewer shall nor opemmlin fekise the liability of the original Borrower or Borrower's successors in interest.
<br />Und w strait not be required w, curnmence proceedings against any successor in interest or refuse to extend time for
<br />payihent or otherwise modify vurtortitatftrti of the sums securest by this Security instrument by reason of any demand made
<br />by the original Borroweror Borrower's sumcgwrs in interest. Any forbearance by Lender in e:ecrasing any right or remedy
<br />shall not be a waiver of or preclude the aittcise of any right or remedy.
<br />11. Ssccessors and Alidw Boitrek Joint and Several Liatstlity; Cosigners. The .;oienants and agreements of
<br />this Security Instrument shall bind and bamAt the successors and azssgns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrowers covenantiu and. agreements shall be joint and several. Any Borrower who cosigns this Security
<br />Instrument but does not execute the NoteL (a) is co-signing this Security Instrument only t. i nrrorigage, grant and convey
<br />that Borrower's interest in the Property maser the terms of this Sec iuC.sty instrument; (b) is non, personally obligated to pay
<br />the sums secured by this, Security Instramtmi; and (c) agrees that 1=der and any other Borrower may agree to extend.
<br />modify, forbear or make an); ac ,,commodations with regard to the terms of M Security Instrument or the Note without
<br />that Borrower'sconserit.
<br />12. Loan C7taraes. 1t'the-Jain ws;.:ared by this Security Instrument is iuhject toa taw which sets maximum loan
<br />charges, and that law is 6nitlly irtt :c 'rcCt d so that the interest c *r other loa^ . chw y n 03-acted or to be collected in
<br />connection with the loan er..co2Y tote permitted limits, then: (a) any such loaf z' arjpi s +r01i be reduced by the amount
<br />neramsary to reduce the chargr, to the permitted limit; and (b) any sums already ,.-i5l.'ectrd ;rem Borrower which exceeded
<br />permitted limits will be refbnded to Borrower. Lender may choose to make. his refund by reducing the principal owed
<br />under the Notaoc by making a direct payment to Borrower. if a refund reduce-, principal, tbe:r=duetion will be treatede -t a
<br />partial prepsyman without any prepavtta vt charge under the Note .
<br />13. 14g4i'ntioa ABeetiag L,arrltt 4 Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Nate c c i r3s Security Instrument unenforceable according to its terms, Lender. at its option,
<br />may require immediate pc};nrt:nt in fa of all sums secured by this Security instrument and may" invoke any remedies
<br />permitted by paragraph 19. If Cerder ear rc .ses this option, Lender shall take the steps sgeciStil in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Bcrrewer provided for in thts 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
<br />Property Address or any other address Borrower designates by notice to Lenvlm Any nelice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address lender designates by n•crice to Borrower. Any notice
<br />provided for in tl;'f3 Security Instrument shall be deemed to have bmn given to Borrower or Leader when given as provided
<br />in this paragraph.
<br />15. Goveraiatg law; Severab(lity. This Security instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the property is located. In the event that 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 ar the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the
<br />Note are declared to be severable.
<br />ti. Swrowees Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of tfae Property or a Beneficial Interest in Borrower. If all or any part of the Property orally
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) witht3a Lenders prior written consent. bender may. at its +option, require immediate payment in full of all sums
<br />secured by thin Security instrument. However, this option shall riot he exatcised by lender if exercise is probibitcrl by
<br />federal law as of ific datcof this Security b.istrument.
<br />If Lender exercisti r hi-5 opittini, Lcrrider shall give Borrower nonce of ucMerattcn. The notice shall provide a rcrioid
<br />of not less than 30days from the date lltvtvaice is delivered or mailed within winch Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower (aiis to pay these sum% prior to the expiration of this period, Lender may inv tyke any
<br />remedies permitted by this Security lnsirument without further notice or demand oil Harrower.
<br />18. Borrower's Right to Reinstate. if Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument dtccontinued at any time prior to the earlier of: fa) S days for such other period its
<br />applicable taw may specify for reinstatement) before sale of the property pursuant to any power of %ale cootamed in thiti
<br />Security instrument, or (b) entry of a judgment enforcing this Security Instrument. "1 hu %e conditions arc that Borrower
<br />(a) pays lender all sure% which then would he clue under this S"unty Instrument and the %ate had m• acceleration
<br />occurred. the curt: any default of any other 1:+ivenant% Of agreencenK, (cP pays, all expenses trtcurrcd m eiif++rctng this
<br />Security irsirurnctit, including, but not hnuted to reawmable attorneys fees; and (d) raker ruck actitm as I endol niay
<br />reastynably require to imure that the iten ( +f this Smunty Instrument. [,ender•. right,. in the 1'c+slMrty ant) Ilmto%4ur•%
<br />+hipt ;vn to pcty the sum, u t:urcd by this Severity 11mituntertt %hail c1+r3pnur .uirchanRcd t_ "pill renisiarcn3eni t,y .
<br />Iforrt,acr. thF,Sceurity Im.truraent and the ohl.gationssecured hereby shall reriiuin fully Weans J% ifnn n.lrler.itu +u 11,311
<br />mcutted M- Aevrr, thisnght to reinstate shall not apply in litecase t+f acccleraitoti under paragraphs - I i tie 11
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