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r <br />Piz 104599 <br />If Under r-Nuit"-d M"SW imirance as a condition of making the loan secured by this security Instrument, <br />Borrower ftU p.,w the prtmiums requitvd to maintain <br />insurance the insumnee in effect until such time as the requirement for the <br />cm'"tc% in ie-"c0rdanc9 with Borrower's and LtIlidtf's written agreement or applicable law. <br />8. Isspecdon.. tiiider or its agent may nuke reasonable entries upon and inspections of the Property. Lender <br />Shan give Borrower 1111104ai 60be time ofor prior to an inspection specifying reasonable cause for the inspection. <br />9. COGISM1111111100it. 'The Proceeds orfany award or claim for dunages, direct or consequential, in connection with <br />any condemnation ar.cf-her taking Of any part Of the Property, or for conveyance in lieu of condemnation, are hereby <br />assigned and shall be p4id-tol Lender. <br />In the event, t4ri-total taking of the Property, the proceeds spat) be applied to the sums secured by. th-S secuhty <br />lasrrument, whethO of not then due, with any excess paid to Borrower. In the event of a partial taking cf the Property, <br />unless Borrower AM Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by <br />the amount of vio- proceeds, multiplied by the following fraction_ (0k.the total.amount of tlw- sums secured immediately <br />before the taking,;dj . vidcd by (b) the fair market value of the Pro;eMy immediztcly before the faking. Any balance shall be <br />paid to Bon3sver. <br />If the P' ny is abandoned bY Smower. or if, after notiit4z. by Lender eta 96irrower that the condemnor offers to <br />rope <br />nt�.an awarder settlea, clWM FCtdzxuj _-% Borrower failito respo6d-lo Lenderjir.hin 30d,-.�s after the date the notice is <br />'on either to restoration repair of the Property or <br />#gthoyized to collect we aW)y the proceeds, at its (o <br />'tioiiumu; ZO i . I <br />by this Security Insmxmznt. whether or not thm, due. <br />Valms, Lender and Borrower otheffwiae agree in writing, any application ofprocceds beipal shall not extend or <br />pistrtte 6due date of the monthly payments referred loin paragraphs I and 2 or change the amount of such payments. <br />;10, iorrower <br />Not Rekweift- Forbesu"ce By Uzider Not a Waiver. Extension of the time for paymear_& <br />MoMication of amortization of the sums secured by this Security, Instrument granted by Lender to any successor M <br />int*st of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. <br />Lcrtd.er shall not be required to commmot proceedings against any successor in interest or refuse to extend time for <br />p;tyqmnt or otherwise modify. wrortizatian of the sums secured by this Security �tutrumcnt by reason ofaiai - i2emand made <br />by1hr-cliginal Borrower orozwmauer is successors in kn!ercst. Any forbearance by Under in exercising aty.ieght or remedy <br />shAlk!avlt be a waiver of or Pr6dude the exm-ise of any rig' n or remedy. Y <br />It- Swiecusmilild Ault = BM10114-JUnts6dSeveral Liability, Cosigners. The covenants and agreements of <br />this e%;urity Instrument shall bind and berehl :he successors and assigns of Lendcrand Borrower. subject to the provisions <br />AfFisna-graph 17. Borrower's covenants and agroemer.% thall be joint and several. Any Borrower who cosigns this Security <br />Insmanent but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey. <br />that Borrower's interest in 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) agrees that Lender and any other Borrower may agree to extend, <br />modify. forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without <br />that Borrower's consent. <br />12. boas Charges. K4,1he loan secured by this Security Instrument is %eijwt to a law which sets -,)7,aximum loan <br />c4qVM,. and that law is &44 Vj interpreted so that the interest or other laar,:,harges collected or to "ba-collected in <br />connection with the loan limits, then: (a) arN fiuch loan charge shall he reduced t the amc=t <br />necessary to redakz, the char-rc 7c,' limit. and (b) any sal;Mnx collected from Borrower witch exceo3v <br />permitted be reft=it-d to IFlorrnwer. Lender may chovie, t.-5- -Wi1ir ;11q� . c4und by reducing the incipal owed <br />pi <br />under the Note or by makirigx-d:krect payment to Blirrower. If rtfiwsid the reduction wiMx treated as a <br />Partial Prepayment withou74vtj,'prepayment charge urelur;1le Nott <br />13. 'UWWotion AffWAg lAmmkr's Rights. "Wenaclmon.Wnr expiration of applicable laws has the effect -Cf <br />rendering any pimm)iion of the Note or this Security Instrument uflt i iVfulicealhle according to its terms, Lender, at its opli6n, <br />may require imimOiate pa%-,.g�jt in full of all %tomr- wured by thin Security Instrument and jiliay invoke any remedies <br />permitted by paza4aph 19.'MI-ayider exercises this optiion. Lender shall take thesteps specified in the second paragraph of <br />parW,iq;h 17. <br />14. NOGM. Arjy',/,)-,ce to Borrower provided for in this ln%trument shall twfp.cn by delivering llorby <br />mailing it by finivq.ass mail unless applicable law requires use d,'Az.-,0ier method. The no;a:e shall be directed to the <br />Property Addreis or any other.address, Borrower designates by ncv§ §.t to Lender. Any notice to Lender Otall be given by <br />first class mail to Lender's add` %si stated herein or any otheraddreis Lender by notice to Dorrl,.�,v-itr. Any notice <br />provided for in this Security IAw1rument shall be deemed to have been given to f,�!itrmw'eror Leader when gkm as provided <br />in this paragraph. <br />1111- G9vCf*491Aw;JSeveraMIity. This Security linstruma-,a(th all be governed by federal law and the law of jbil <br />jurisdiction in which the Property is loca,.nsi. In the event that any pravision orruluse Of this Sicurity Instrument or the <br />Note conflicts with applicablitv i4w, such conflict shall not affect other provision%.of,this Security Instrument or the Note <br />'Which can be given effect witippri the conflicting provision. To this end the prd%tsio'lis Of this Security Instrument and the <br />Note are declared to be severable, <br />16- BKTQwte$COPY. Borrower shall be given one confamitil iopy of the Note and of this Security Instrument. <br />17. Tf&Wtr of the Properly or a Belleficillill littrest in Borrower. If all or any part of the Property or any <br />interest in it is sold or transferred (orr if a beneficial interest in Borrower t% ,,old or transferred and Narrower is not a natural <br />PerUlin) without Lender's prior written consent, Lender may, at its option. require ininiedialef 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 asof thedateof thisSm-ijifily Instrument. <br />If tender cAercises this option, Lender shallgive Borrower notice of acceleration. The notice shall provide a perml <br />of not Im than 30 days from the date the notice Is delivered of mailed with", which Borrower must pay all sums %ctturcd by <br />this Security Instrument If Borrower fails to Pay theist sums P"Of to the eAl"Millon of this periml, Lender may invoke any. <br />thissecuflily Iftsituinct t wiThorutfurther nkiticc or deniandon Thirrower. <br />18.8mewer's Right CoRchutate. If Ekirrowcr irriects certain condittorls. lkiffo%cr shall have the riglil ter have <br />enforcement ortltssecurity- Instrument discontinued at any time prior to the carlicrof. fa) 5 days (or such other pcitod,i% <br />MWIC11ble I;A%• May SPCCify for reinstitcructit) before sale 'if the Property Pursuant to any power of sale contained in this <br />SK-urit) Instrumcni. or 0► crar) of a judgment enforcing this Security instrument 4 hose condittoiN are i hat Ilse rdt%er <br />(a) Pay* 11"lliCt all %UM4 which then 'AoUtd he due under this Security Instrument and the Note had no wixtrialitill <br />oct-Wred. (h) cure; at)); def;4uli of any other co%-cnanti or agtcernclll',. (0 PJ%% A cxpelv.t-• incurred in vnli-rljilt� 111p. <br />Se"rily Ins"u"Ir"t. IncludilliF, htjt Elul limited to, rea"llable Atoti-my%" knu'.. and Wi takc% such a,titin t,. I;:r1&j 11,ly <br />rv4v-lI;1My require to assure that the lien of th1% security Imtrumt-IT., I.Ctider's nght•, in tia! <br />IhC SUMS 46Ct:UrCd by fhiL % Ufil) 111%IlUfnent hall 4. 1 nilut. k1lidimigcd t p4in <br />koifo%tr, thi,, Set. urity Instrusiteril gild the hereby shall IC111.1111 if Ull Ili & 00i'll"4; 11.111 <br />JXCu1FCJ I ism lutetmiateiihall not apply ill ito-elcralwif under pat.qgfjplr. I 1 11. 17 <br />f. <br />IF, <br />WWI <br />