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90--- 106328
<br />It 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 effect until such time as tha requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />a. Inspaetion. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shell give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection
<br />4. Condamnatlon. The proceeds of any award orclarm for damages. direct or consequential. in connection with
<br />any condemnation or other taking of any pail of the Pfofiefty, or lot convoyance in Ilau of condemnation, are hereby
<br />assigned and shall be paid to tender.
<br />In the event of a total taking of tho 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 01 a partial taking of the Property,
<br />unless Borrower and Lender othorwise 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 before thet!aking. Any balanceshall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, attar notice by Lender to Borrower that the condemnor offers to
<br />make an award or settlo a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collectand apply the proceeds. at its option, eitherto 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 at the monthly payme ats referred toinparagraphs! and 2 or change the amount of such payments.
<br />10. Borrower Not RgWwwcf: Ferb"ance By Lander Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest ofBorrowershall not operatetorate- a8 the liability ofthe original Borrower or Borrower's successors inInterest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization Qt'the sums secured by this Security Instrument by reason of any demand
<br />anode by the original Borrower or Borrower's successors in interest. Any forbearance by lender in exercising any right or
<br />r ralsredy shall not be a waiver of or preclude the exercise of rklty right or remedy.
<br />11. SucessoreandAWerrs Bound; JointandStverAIJ.adrility;Co-signers. The covenants and agreements of this
<br />Security Instrument shall bind and benefit the successor s ar'.d assigns of Lender and Borrower• subject to the provisions
<br />of paragraph 17. Borrower's covenants ams1: ,agreements shall be teat and several. Any Borrower who co-signs this
<br />Security Instrument but does not execute' I-e Note: (a) is co- signing this Security Instrument only to mortgage, grant and
<br />Canvey that Borrower's interesti n the Property under the terms of this Security Instru err: rt: (b) is not personally obligated
<br />to pay the sums secured by this Security instrument and i c) agrees that Lender and an e other Borrower may agree to
<br />extend, modify, forbear or make any 4s'17^ regard to the terms of :i:h'r•,'ai>curity Instrument or the Note
<br />without that eorri2wer's consent.
<br />12. LommOtarges. If the loan secu.rc-+Y ?r ti ^':.S,; cunty Instru:r+r +-1:,•s subject ;o a law whi;,h sets maximum loan
<br />charges, and that Law is finally interpretea r,. ihs ?tprest or or(,. - '..,can charges collected or to be collected in
<br />connection with the loan exceed the premitted lim.ts. 1!ncr. ja) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit: an•'J', l2' any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principalowed
<br />under the Note or by making a direct payment to Borrower I1 a refund red! ces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of rendering
<br />any provision of the Note or this Security Instrument unenforceable according to its terms. Lender. at its option. may
<br />require immediate payment in full of all sums Secured by this Security Instrument and may invoke any remedies permitted
<br />by paragraph 19. 11 Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrc :.,Kee :rovided for in this Securer, instrument shall be given by delivering it or by
<br />mailing it by first class mail unlessar,piv:zc,� law requ;,es use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designa::es by notice to Lender Ar t rzctice to Lender shall be given by
<br />first class mail to lender's address s!.`-� r :erein or any c l " ^2r- µdress Lender designates r: ,r notice to Borrower. Any ^olice
<br />provided for in this Security Reginamer-i V srta? ?he deemed to ".3ve oeen green to eorrcxvEr r tender when given as provided
<br />in this paragraph.
<br />15. Governing Law, s Secure! / ��strumem seal tie eiox'`r �4 by federal 3vx 3r.Q . , r, �c Cf the
<br />jurisdiction in which the Properrii 1s !ccacc -t In the eve^': %tat any prosw rt u� o .o r ci u_ = c ;1ti1s 5e0,:r rye ti-Strui`r.Ef ?rl o:' the
<br />Note conflicts with applicalle bpev, such cont!rct shall, rear, affect other pra,o n,, S--COrity LnStruntent Note
<br />which can begix eneffect the corpirctingprov isi on. To this end tl- Bargrn cr,;a :!° ;his Sec, Instrumec76ndthe
<br />Note are declamd,to be severable.
<br />16. eomnwers Copy. Borrower shall be given one conformedcrap r of the Note and of this Security Instrument.
<br />17. TrainsferofthePrapertyora Beneficial Interest. tnBorrowen. I fall or any part of the Properly or any interest in
<br />it is sold or transferred (or i,ca beneficial interest in Borrc -,,%er is sold or transferred and Borrower is not a naturw ; ,?rson)
<br />without Lender's prior written consent. Lender may. at t-s option. require immediate payment in full of all sums ssB wed by
<br />this Security Instrument. However. thisoptton shall not be'e xercised by L ender if exercise is prohibited by feder*rays as of
<br />the date of this Security Instrument.
<br />If Lender exercises this option. Lender_ halIgn :e Borrower notice ofacceleration The notice•shall provide aperiod
<br />of not less than 30 days tram the date the•nghce is delive red or marled within whicro Borrower must pay all sumssecured by
<br />this Security Instrument. If Borrower fails tti'Pay these sums prior to the expiraion coils period. Litnder may lnuoke, any
<br />remedies permitted ny this Secunty Instrument without further notice or dernand on Borrower
<br />18. Borrowers Right to Reinstate. ' if Borrower meets certain conditions. L''or :,ewer shall Kaye the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a)5day!5 (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any pourer Of Sale contained jn this
<br />Security Instrument : or( b) entry otaludgment enforcing this Security Instrument Those conditions are that Soxra%ier:(a)
<br />pays Lender all sums which then would be due under this Security instrument and the Note had no acceleration occurred:
<br />(b) cures any default of any other covenants or agreements. (c) pays all expenses incurred in enforcing this. Security
<br />Instrument. including, but not limited to. reasonable attorneys' fees. and (d) takes such action as Lender may reasonably
<br />require to assure that the lien of thisSecurity Instrument. Lender's rights in the Property and Borrower's obligation to pay
<br />the Sums secured by this Security Instrument shall continue unchanged Upon reinstatement by Borrower, this Security
<br />Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However.
<br />this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17
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