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<br />,90- -10G308
<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 e(ect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lenders written agre`inent or applicable law.
<br />L Iaspeeliom. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borwiver notice at the lithe of or prior to an inspection specifying reasonable cause for the inspection.
<br />9, Condeninatioa. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of ally 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 or 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, d'.iv.idzi by (b) the fair market value of the Property brintecJiately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Propertca: js.aban, d6vd by Borrower, or if, after notice by Lender to Borrower that the comiemnor offers to
<br />make an award or se,kd ?,,a ckim ,�,n;1&- arnages, Borrower fails to respond to Lender within 30 days after ljjv {;ate the notice is
<br />given, Lender is a0h&liziKI to,&AN -i and apply the proceeds, at its option. either to restoration or repaiir of. the Property or
<br />to the sums securot khN this Security,' Instrument, whether or not then due.
<br />.Unless Loader and Boffower otherwise agree in writing, any app' ictt3go of proceeds to prindpaJ. sNO not extend or
<br />POSRIP ere ehe due 44in of the monthly payments referred to in paragrapIn t w7d 2 or change the aced: a ^.� r such payments.
<br />11�OL Borrower Not Rem; Forbearance By Lender Not a VsOsvr'. Extension of Vb�e Y.-crat f } D`l=. -c or
<br />tito4lcJftginon of amortization cC rake sums secured by this Somritg t h,SE�asntnt gvarttlais by Lcnz+�. -c io any e��- in
<br />into t$1 of Borrower shall not opetate to release the liability w3GCIha�'ur�itna^ grower �Yr l acrovres s.sucOM -Ts uri vii',erest.
<br />Lender shall not to required to commence proceedings agmntst WW sa�ac— r in interest or refuse a ester. rim: for
<br />payment or otherwise modify amortization of the sums secured by this 5,^curity Instrument by reason 3f,a>r!c demand made
<br />by tibutoriginal Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising; .nrti regbt or remedy
<br />sW rat be a waiver of or precl -ofit the exercise of any right -,W remedy.
<br />1l. Successors and AssisRs Bound; Joint and Sevezal Liability; C"Igpers. The covenants arJ k,-4- agents of
<br />this :9eciirity Insi1j imwt shall bind and benefit the successors and assigns of Lender and Borrower, suty* xo dte visions
<br />of pa�agraph 17_ Borrower's covenants and a ps.nnents shall be joint and several. Any Borrower whet c�1stgris this Security
<br />Itaa raiment but 4ms 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) agmes :hat Lender and any other Borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard ):o the terms of this Security Instrument or the Note -Anchout
<br />that Borrower's consent.
<br />12, Loan C times. If the loan secured by this Security instrument is subject to a law which �;tcs maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected we to be collected in
<br />connection with the loan exceed the permitted limits, then: (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 col)cuicd fruu —, Borrower which - receded
<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 reductiu-Ix will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />I& Legislation Affecting Lender's Rights. If enactment or expiration of applicable Gnaw.: has the effect of
<br />rendering any provision of the Note or this Security Instmm.emt unenforomrNe accordingro its term-, Lj=der, at its tartion,
<br />may require immediate payment in full of all sums secured I* ihms. 'icy Instmo- WJ:.> d wan 6rvoke any ro- nodies
<br />permitted by paragraph 19. If Lender exercises this option, render she?Y'm il-e the step's sn,,zZY1 sii 1:0 62.0- •s4cond paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borroweir provided for in this 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 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 />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. ' hi.s. Security instrument shall be governed by federal W-w- and the law of the
<br />luni:g ction in which the Property is located. in tite eveat,rat any provision or clause of this Security Instrument or the
<br />Folk conflicts with applicable law, such confi'ict shall' nor aAct other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting, provisior;. To this end the provisions of this Security Instrument and the
<br />Note are dectai� to be severable.
<br />16. Borrower's Copy. Borrower shall lie given one conformed copy of the Note and af: r' oe' ecurity Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all nr .my: 17 tr: �aG r he Property or any
<br />interest in it is sold or transferTed (or if a beneficial interest in Borrower is sold or translerrai' a:ndi' 81' ierower is not a natural
<br />person) without Lenders prior written consent. Lender may. at its option, require iinmi tiLire r -Lyn .rat in full of all sums
<br />secured by this Security Instrument. However. this option shalt not be exercised by i+. -n&r if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice sha11 provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay sll 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 />M Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument 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 sale 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. Lender's 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 no acceleration had
<br />occurred. However, this right to reinstate shall not apply to the case of acceleration under paragraphs 13 or 17.
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