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89- 104570
<br />if Lender required mortgage insuraw -e as a condition of making the'kan secured by this Security Instrument.
<br />Smsower shat[ pay the premirmts required to maintain the irnurium in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lt adds written agreement or applicable law.
<br />R Iespeetioa. Leader 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 intptaction specifying reasonable cause for the inspection,
<br />9. Caaiaeanfi .. 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 />a alped wid 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 />lastntntent, whether or trot then duce, with any excess paid to Borrower in the event of a partial taking of the Property,
<br />wet ss Borrower anti iesfder otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds muWi d by the following fraction: (a). the total amount of the sums -secured immerdiately., .
<br />before the taking, divided by (b);t�;fsir tnar�et Value e>f the Property. immediately before the taking. Any balwtce shall be
<br />paid tea )lortower.
<br />:: [f the Property is abandcr[nd by Borrower* or if,: (throe notice by bender to Borrower than thet copdwn br offers to
<br />makiwiiward or settle a claim for damages, Borrowerfalls tts ;espond to Lender within 30 days 4;ft thle ditw the notice is
<br />given, Lender is authorized to collect and apply the proceeds;' at its option, either to restoration or; ircpiiii 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 referred to in paragraphs 1 and 2 atditenge the amount of such payments.
<br />10. Suvower Not Relates Forbea saw By Leader Not a Walter.. Bulofuion of the time for payment or
<br />modificatic a of amortization ill tbi sums secured by this Security Instrument grtutted by Lender to any sueeeswr in
<br />interest of Borrower shall not operate to release the liability of the oriShW, Borrower or Borrower's successors in interests
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time flit
<br />payment or otherwise modify amentUAtiori di the sums secured by this Security [instrument by rt unn of any demand made
<br />by tl t:o dginal Borrower or Bornw -t— s. sue; sWrs in interest. Any forbearance by Lender in exe .:Ring any right or remedy
<br />shall Mt a waiver off or procltuft:tlb: ezercase Of any right. itrr emedy.
<br />11. Saeteaaors and AsrAw 86swift. JkPW aatl Sen v ii' U Mlity; Co-ellpers. The covrrsants and agreements of
<br />this Security Instrument shall hind =d boas, I fY,csuccessers and assigns of Lender and Borrower:, subject to the provisions
<br />of paragraph 17. Borrower's cotii .t its and agreements sha'ibe joint and several. Any Borrower Whoco -signs this Security
<br />Instrumarn but does not execute tic Note: (a) is co- signs this Security instrument only to mortgage, grant and convey
<br />that Sm—na es interest in the Property under the terms 4this Security Instrument: (b) is not personally obligated to pay
<br />the sums rectired by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend.
<br />modify, flzcbeat or o-nlie any accommodations with regard to'the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />f17� Lots (tiargea, If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<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, theft: (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 collectO from Mirrower which exceeded
<br />permitted limits will he refunded to Borrower. Lender may choose to make this refund. by r°cdw.ing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces princij dl,''Ibe reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Leaklstlos ALfectlag LRrtter'a Rigltb. Menactment or expiratio .esf applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instr mt-rtt unenfaa=ble according to its terms, Lender. at its option,
<br />Wray require immedjaac payment in full of all sums ecxua od by this :�rwunty Ib>t ilruntent and may invoke any remedias
<br />pe:rmilled by paragraph 19. If Lender exercises this optioff,.l.vnder 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 delivt,•rhig it or by
<br />mailing it by first class marl 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 />providml for in this Security instrument shall be deemed to have been given to lorrower or Lender when given as provided
<br />in this paragraph.
<br />15. Govetraing law; Sevetrsbllity. This Security Instrument shall he 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 or 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 />16. Borrower's Cohn. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Trsnskr. of the Property or a Herz &fal Iaterest is Borrower. [fall or any part of the Property or any
<br />interest in it is sold or transferred for if a beneficial interest in Borrower is sold or transferred and iorrower is not a natural
<br />person) without Lender's prior written consent. Leader may. at its option, require immediate payment in full of all sums
<br />secured by this Security instrument. However, this uplion shall nut be exeidscd by Under if exercise is prohibited by
<br />federal law as of the date of this Security instrument.
<br />If Lender exercises this ciptiort, Lender shall give Borrower notice of acceleration. The notice shall prov idea period
<br />of" less than 30 days from the date the notice is delivered or matted within which 11wruwer must pay all runts wceared by
<br />this Security Instrument. if Borrower fails to pay the se sums prior to the expiration of thi,. lvruai, Lender ilia} in«►ke ally
<br />rerrreoiespemtitted by TWSecurity instrument without further notice (it demand tm lhirr,sucr.
<br />tfi. AwtORN'a Rigfltt to RefaNatot. if Borrower meats certain ctmditions. llurrvAcr shall hat,c the right tee► have
<br />enforcenr_ni of this Security Instrument discontinued at any time pturr to the car ber of ta) t days (ur such (tll:cr renrtl as
<br />applicable law may %pacify for reinstatement) before We of the Property pursuant its any posoler 4 crate c,+nt aatrd in this
<br />Security Instrument, or (b) entry of a judgment enforcing this Smunty instruntem Thusr ctudiu,ms �irr that It;rrower
<br />fa) pays Lender all sunis which then would -he due- under this Sm -unty instrument and tits Note hail im ai.rlcratum
<br />oci,uirecl. (h) ester_; any ttefault of arty other cotenxnt,: or aareer►tents, (ct ra) all C'lrCnac' incurred tit cnt':,t,nig this
<br />sa.uray Isactruni.ttt, tmludintg. but not linoted to. reawinahle attwnc}a' fee., and id) tike. I e+t,ler ►n;aV
<br />reas':tr;. lily te;tuir trF twiner that the Iron of At% Security [nstrumem. li.eEdct'1; fi);ttfs Ili 'tie pit }tees„ :iutf U: rr�suet'S
<br />tibligattusr► fit pay tFb ♦t;m% 0-4- ct3rr;3 by this Security Instrument shall .:•i+tttnuc rs1101.1ntt6l 1'114-11 rr,u.c,itrtsrent hti
<br />f3,+ rruwtr ,th:alccutstyIv%trurrtrsit and the oblignttoinsetu tedhercnyih {11rcrn-smfu►iv if tura—c"..1,11woha.1
<br />i+-,.salad 11:.ueyer. thee*, right tit rerr.statro vftrnll nut artily m flit ,.a:r +•f ra cote *etc °, t,r,te I- .t►. +f;r.iph� 0!-1 17
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