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1.
<br />89-104724
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<br />If I.eader required mnSW nisuiramm as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall psy ftpomium r%Wtcd to maintain the insurance in e&a mail such time &%the requirawt for the.
<br />insurance tenninatas in accordance with Borrower's and Lender!siiiirritsen agreement or applicable law.
<br />IL 1[impocillm Lender or its agent may make - reasonable entries upon and inspection or the Property. Lander,.*'.
<br />shall give Borrower notice at Oft dw ofor prior to an inspection Mmcillying reasonable cause for the inspectiom
<br />9 CMANMOM The proceeds of any award or claim for damages. dined orconsequentialincoianwfixtriwith.�;.
<br />any condemnation or other taking of any pan of the Property. or for conveyance in lieu of condemnation, are
<br />atsigtuad and shall be paid toCagier.
<br />In the evat ors total oaf '4`d 4rqzrty, the proceeds -shall be applied to the sums secured by this Se cuft
<br />Instrument, whether or not Am tfvie; vi"W"Cly excess paid to Borrower. In the event of a partial taking of the Fwpoty,
<br />unless Borrower and I the sums secured by this Security Instrument shall bendue4by
<br />the amount of the proceed&#Otiplied by the f69b*-%LMwdm- (a) the total amount of the sums secured immuMitely
<br />before the Wdm& divided by (b) the fair market vdwel the Prowry immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />V the Prbpertv, i 5 abr* *,q. - Dattower, eat, no d= by Lead-: to Do, .,.:e that the cc a ,nor
<br />4os to
<br />nuke an award or settle claim for dames, Barro*mr-fails to respond to Lxudcrmithin 30 days after the date the notice is
<br />given, Lender is authorized UDOika-a'kdiiipply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Swwly Irtstzimgnt. whether or not then due.
<br />Unless Lerida and Bonviver d3mvi'm agree in writing, any application of proceeds to principal shall itat extend or
<br />postpone the due date of the monthly is referred to in pars"Its I and 2 orchangethe amount atitich payments.
<br />10. Borrower Not Rd@an*l1= *-O-,Lenderl!4446 Waiv*r., Extension of the tithe? .for payment.
<br />or
<br />nXidifiCation Of amoftizatidc of the sums secured til this Security Instrutmeric granted by Lenddr -ta. nip). successor in
<br />interest of Borrower shall timaperste to release die hability of the original Borrower or Borrower's Su re in interesL
<br />Lender shall not be nquired,to commence praeWih s against any successor in interest or rdiiScria'cxL-!id time .for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of arty demand nBte
<br />by the original Borrower or Sommer's sumawn in interest. Any forbearance by Lender in exercising awl right or ier=dy
<br />shall not bea writer oforpc'*dlo& the czavbco( any sight Orfernedy.
<br />oijii',#AoiiwBom4- John ad Several lJsbWtrCo-sipem The covenants=dagreemests of
<br />this Security Instrumentshat%3daiid benefit thesuccessors and assigns of Lender and Borrower, subject to the Oos*kans
<br />of pankSmph 17. Borrow tes covirtants, and agreements shall be joint and several. Any Bornd*er who co-sips this Sr--izdty
<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 tine Property under the terms of this Security Instrument; C3) is not. periantilly obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any ether Borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard to the cams of this Security losirtiment or the Note without
<br />that Borrower's consent.
<br />M IA:ias Gigues. If the loan secured by this Security Initrument is subject to a low which sets maximum loan
<br />charges, and that law is Anally interpreted so that the interest or other loan ellisirges callmed or 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 permjtod limit; and (b) any sum already collected from Borrower which exceeded
<br />permitted limits wiJ�: be refunded to BO=Wer. Lender may choare to make this refund tw e pis
<br />i reducing the principal ow ed
<br />under the Note orby making .a direct ;*y�t to Borrower. If a ref=d reduces principal, the reduction will be treatedas a
<br />partial prepayment without aty prepayment charge oakr the Note.
<br />13, LeNdedw Afteft LeedWs WaV& of enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercise; this option, Lender shell take the steps specified in the second paragnph of
<br />paragraph 17.
<br />14. Notim An-y nf,
<br />tice to Borrower provided for in this Security L51mment shall be given by delivering it or by
<br />mailing it by first elm anti unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Addrew, ar 4ny other address Borrower "pates by notice to Lander. Any notice to Lender shall be given by
<br />first elm mail to Lckitr*s address stated herein or any other addmv Lender d*gnates by notice to Borrower. Any notice
<br />provided 'far in thm SMuntY instrument shall be deemed to have been given to, Wrrower or Lander when even as provided
<br />in this paragraph.
<br />IS. GivieriftlAn-Serwa6ft. Ibis Securivy Instrument shall be governed by federal law, md the law of the
<br />jurisdiction in which the Property is IOC&W. in the event that AOY Provision Of clause of this, Security Instrument or the
<br />Note conflicts witb applicable law, such conflict shall not affect either provisions of this 56.ur�ty 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 />If. Borrow'sCAPY. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Trmdwof the Property or&Beme&W Interest inBorrower. If all or any port 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 Lender's prior written consent. Lender nay, at its option. require immediate 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 as ofthe date of this Security Instrument.
<br />If Lender exercises this option, Lender 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 cr mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower 15" to pay these sums prior to the expiration Qf this pcnod, Lender may invoke any
<br />remedies permitted try this Security instrument iinthout further notice or demand on Borrower.
<br />lid. Borrower's nk lit lentiNtM&L If Borrower meets certain conditions. Borrower shall have the nght,to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days for such other penodas
<br />applicabLe law may specify for rtinsulement) before sak of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Secunty 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; M 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 I&nder may
<br />reasonably r"FIM to assure that the hen 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 obliptions secured hereby shall remain fully effective as if no acceleration had
<br />mcuf red However. This nght to reinstate shall not apply in the case of acceleration under paragraphs I I (it 17
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