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<br />90--106295
<br />If Lender required mortgage insurarce as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in crier until such time as the requirement for the
<br />insurance terminates in accordance with 'thrower's and Lender's written agreement or applicable law.
<br />S. Inspectloa. Lender 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 inspection specifying reasonable cause for the inspection.
<br />9. Coadesaadon. 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 />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 at not then due, with any excess paid to Borrower. In the event of a 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 b.-fore 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 />make an award or settle a claim for damages, Borrower fails to respond to Lender wi 0.1 i n 30 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 stuns secured by this Security Instrument, whether or not then due.
<br />Untess 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 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance Ilse ]Lender Not a Waiver. Extension of the time for payment or
<br />tsraWfication.of amortization of the sums, secured ,�g this Security Instrument granted by Lender to any successor in
<br />interest of gczsower shall not operate toss crd'i=e the liability of the ad$ina) Borrower or Borrower's successors in interest.
<br />Lender shall not be required to comtttessru: P-oceedings against Sty. _ successor in interest or refuse to extend time for
<br />payment or otherwise modify amortizatimf.,) ttae sums secured by I:fiu; ae.urity Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any faiik=ace 1`y li.emder in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy
<br />11. Successors and Assigns Bound; Joint and Several Li*iililm Co- signets. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and awips of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument 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 re^as of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Losis Charges. If the loate samred by this Security trsirument is subject to a law gWch sets maximum loan
<br />charges, and that law is finally interpreted so that the interest • or ,, L {ter loan cberges wVj..t:6i or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loaa•',:irarge siri It be rcaiuz-cu by Ale arnourn.
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already ,m6avied from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the mbigtion will be treated as at
<br />partial prepayment without any prepayment charge under the Note.
<br />I& Legislation Affecting Lender's Rights. If enactment or expiration of applicaC,Ic laws has the effect of
<br />rendering any provision of the Note or this Security tact orient unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment in Nil of all sums secured by this Security instrument and may invoke any remedies .
<br />permitted by paragraph 19. If Lender exercises this option. Lendersiz911 take the steps specified fn the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Bornwrer provided for in this `xzwlrity 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 Len4cr. Any notice to Lender shall be given by
<br />first class mail to Lenders address stal:eri herein or any other address Lender des:gnates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been. given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. 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 Instruincilt 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 Copy. Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any
<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) without Lenders prior written consent, Lender may, at its option, requLm immediate payment in full of all sums
<br />secured by this Security rnstrummt~ however, this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law aso£the date ofthisSwmty Enstrument.
<br />If Lender exercises this option,. L wder shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed wit hirt which Borrower must pay all sums secured by
<br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />19. Borrower's Right to Reins) &. If Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security rnstrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as
<br />applicable law may specify for reinstatement) before -.ale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security instrument, including. but not limited to, reasonable attorneys fees. and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lenders rights in the property and Borrower's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by
<br />Borrower. this Security instrument and the obligations secured hereby shall remain fully effective as if noacceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acccleratton under paragraphs 13 or 17.
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