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90-106452
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
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<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
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<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />Lender
<br />✓s. I&Mwedoa. Lender or its agent may nuke reasonable entries upon and inspections of Ott. Property.
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the i nrgx0lon.
<br />Q Uattionuat" The proceeds of any award or claim for darnages, direct or consequential, in cortimdon with
<br />any condentnstton or other taking of any part of the Lroperty, or for conveyance in lieu of coadersmatiorr, are hereby
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<br />assigtted mail shall Im paid to Lender.
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<br />IIa *e event: of a total taking of the Ii toperty, the proceeds shall be applied to the stuns secured by this Security
<br />Instr=ent. whether or not them dtm with amy excess paid to Borrower. In the event of a partial taking of the Property.
<br />unites Borrower and Lender otherwise agree im writing, the sums secured by this Security Instrument shall be reduced by
<br />tibe amount of the proceeds mmulfhlelied by the following fraction: (a) the total amount of the suttts secured immediately
<br />before the takiing, &vidod by (b) the fair malrket value of the Property immediately before the taking. Any balance shall be
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<br />paid to Borrower.
<br />If the Property is abandoned by Bonewer, or if. after notice by Linder to Borrower that tone condemnor offers to
<br />make an, awwd or settle a claim for damages, Borrower fails to respond to Lender within 30 days aver the date the notice is
<br />giaeia. Letad:s is authorized to coilect and apply the prooteds, at its optim, either to restoration or repair of the Property or
<br />to the surns smum3 by this Security Instrument, whether or not thcn dm.
<br />Una m L.csatiW and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the I= there of the monthly payments referred to in paragraphs I and 2 or change the am-aunt of such payments
<br />10. Bomeww Not IR leased; Forbearance Sy Under a Waiver. Extension of the time for Varmint cc
<br />naortiication tali ,rata=ti',xmti',ost of the sums secured by dilrr, Security Instrument gratnted, by Lender to any suca a
<br />interest of Berm v.= slbal1 urea: ap a*m to release the lialSitt y cif the origin33 Borwwwer ,Tr. Borrower's succemrs ufi rote rrTJ:.
<br />Lender shall tBdaYt tae rer p4ned z, =Ze- a1,x- 7,-r eedings against any S`.I.GCes ce r.R usl:erest or refum W Cxti'mi' l'1i . $(G>r
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<br />payment oratftra KiXMCdXC ammrrcd= z3m ard%� sums secured by this Saeurvytasarumentk rea5cta, atzgde :w1ri Made
<br />by the original l =q%,er u^u>13ir�d er r ww�a srs in interest. Any forberJir�xr�: by LeetdeQ in exerw7ry rmxy;' riQCc4 or i.rrte3y
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<br />: dW eitencese af any right or remedy. nflnot be a waiver afsr p•�t1u3
<br />11. Sneoeslb<tetn mf+ 1HSslttmil; XQ=t am Several LirtbGlut , C"11gmet & The of
<br />19`S<TitrLty l TLi]?Lff1: Sl�:a�l l}13L fPJTIA 1Sldi t'.IIC sucCe3wrs and assisiis of Lender and Borrower. sW. jwt to the 1Prov' sio=
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<br />1tF1 jQi� 1 i _ zarrawee,% agTPa=ts $1'1.2II be joint w..d several. Any Borrower who cc -signs this Security'
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<br />Ins2ranment but does not execute the Note. (a) is co-siping this Security Instrument only to mortgage, grant and convey
<br />that Sorrowees 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 />mo ft forbear or make any accommodations with regard to the terms of this Security instrument or the Note without
<br />that Borrower's consent.
<br />IL Lana Clsrges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected 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 permitted limit; and (b) 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 principal owed
<br />under the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />I& 1r18ialation Affecting Lender's Rights. If 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. Mender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />16. Nodees. Any notice to Borrower 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
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<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. GVernisg 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 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 />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 Lender's prior written consent. Lender may, 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 of the 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 or mailed within 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 />I& Borrower's Right to Reinstate. If Borrower mats 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) S 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 suits whicb:tltep *i2ld be due under this Security Instnimmit and the Notr had no acceleration
<br />occurred; (b) cures any default of ithy, i] haw covenants or agreemenr:s;. (c)• pays'- ail expenses. 1171:i r in c albrcing this
<br />Security Instrument, including, brit not: limited to, reasonable ay.,omey4' fees; and (d) takes such actroti w. LAMder may
<br />tr sonably require to assure that the, ihm; vC this Security Instrusnett: Lender's rights in the Property ;'MA.13.«trraNvae's
<br />obligation to pay the stuns secured by ilti;s Security, . instrument shall'connnue unchanged. Upon reinsialxancarl %I
<br />Borrower. this Security Instrument and die obligations secured hereby shall remain fully effective as if no acceleration Iut i
<br />occurred. However, this tight• W reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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