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<br />a.
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<br />89-104887
<br />If Under required mionMe -C as a condition of making the loan secured by this Security Instrument,
<br />Murw
<br />13[17PWIF'shalloy tbe, pretokm requiTed tv maintain the insurance in effect until such time as the requirement for the
<br />u"WO isiwimt with Dwtowees and tender's, written agreement or applicable law.
<br />A inspections of the Property. Lender
<br />klocMender or its agent may make reasonable entries upon and
<br />_qc tim for prior to an inspection specifying reasonable cause for the inspection.
<br />Ift proceed$ c6any award or claim for damages, direct or consequential. in connection with
<br />any condemnation or other taking of any Van of the Property, or for conveyance in lieu of condemnation. are hereby
<br />assigned and shall be paid to Lender.
<br />the event of a total taking of CU Property, the proceeds shall be applied to the sums secured by this Security
<br />Insuument; whether or not then due, wifIL any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Leader othavise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amo=t of the proceeds mWdphed by the following fraction: (a) the total amount of the sum secured immediately
<br />before the U&m& divided by (b) the fair tawket value of the Property immediately before the taking. Any balance shall be
<br />paid tORMTOWer.
<br />If the Property is abandoned by Bwrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or setlit zdaim for daaragpis, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is suftrized to collect W-4pply the proceeds, at its option, cnzher to restoration or repair of the Property or
<br />to the sum secured by this Secturity. Instm"ment. whether or net Then due:
<br />UrrIess Lender and Borrower atkawne agree in wriw& any application of'promils to principal shall not extend or
<br />postpont-01kr- due date of the tn=ffly ra,)ments referred to in paragraphs I and 2 or gage the amount of such payments.
<br />10, - Jortrower Not Relemm* Vdirbearsaw By Leader Not a Waiver. Extc:ision of the time for payment or
<br />of antortization of the swhs semnii by this Security Instrument Waited by Lender to any successor in
<br />'hirerest. of &-irrower shat not operau to velease4at liability of the original Borrower- or Borrower's successors in interest.
<br />Lender shall not be required to commence pridcoedings against any successor, in mtemst or refuse to extend time for
<br />payment or otherwise modify amorthadon of the sums secured by this Security Instmmtnt by reason of any demand made
<br />by the original Borrower or ftrrowWs successorsfa interest. Any forbearance by Leader in exercising any right or remedy
<br />shaft not be a waiver of or preclude the excreEscrXtny right or remedy.
<br />Several Liability; Co-signers. The coverams and agreerrients of
<br />this Seciufty'Jnstrument sLilk kind- C ' besuccessomand assigns of Under and Borrower, subject tothepmvisions,
<br />of pangmfIr 17. Borrower's covenaWsird-spe=ents, shall be joint and several. Any Sknrrawer who co-signs tM3 Security
<br />L-Istrument but does nce exert u trite Note- (a): is ca-signing this Security Instrument onty to mortgage, grant and convey
<br />tfr,at Borrowees interest im Or. ftzgerty under tine terms of this Security Instrument; (b) is not personally obligated to pay
<br />tf,4e sums secured by this Security Intrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or retake air acconmiodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent
<br />12. LoanClkarsm Vvfia loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges. and that law itt finally, interpreted so that the interest or of ben town charges collected or to be collected in.
<br />connection with the lean. exceed the permitted limits, then: (a) any sui*. Loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums a:,rudy colleted from Borrower whick.&r.zeeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this reCTmd by reducing the prim pal owed
<br />under ter. N'6ie orby makinga direct payment r*8offower. If a refund reduces principal, the reduction will be treated as a
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<br />;wnu. Ir nTayment without any prepayment charr under the Note.
<br />13. Leg1dadaAffeefiag Lender's K4*M If enactment or expiration of applicable laws has the effect of
<br />mnd--ring 411y provision of the Note or this Securitly 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 tender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17. -
<br />14. Notices. Any notice to Borrower provided for in this Secuiiiv-,fristrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of aneztbf-'
<br />method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice lo,Under. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Leitkl6r designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been give4i to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Gqperaleg law; SeveraMlity. 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 bd severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Tranditr of tie Property ors Benficial 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 />rentedim permitted by this Ecturity Instrument without further notice or demand an Herfmver.
<br />18. Harrowers Right to Relastate. If Borrower meets certain conditions. Borrower shall have the right to have
<br />enforcement or 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 cif vale contained in this
<br />Security Instrument. or (b) entry of a judgment enforcing this Security Instrument -those conditions are that B ortowef
<br />(a) pays tender all sums which then would be due under this Security Instrurrittit and the Note had no acixleratiou
<br />occurred. (b) cures any default of any other covenants or agreements. (ci pays all expenses, incurred in c"fewing the,
<br />Security Ins2rument, including. but not limited to, reasonable attorneys' fees. and td) takes such acift", as I �:ridci may
<br />reasonably require to assure that the lien of this Security Instrument. Under's rights fit the 1'romly arts] ImM,wel . %
<br />obligation to pay the sums secured by this Security Instrument shall ,;(ititinue unchanged -Upton icu►blatcinclit by
<br />Borrower. this Security Instrument and the ohltgztions secured hereby shall remain fully efrective astfito acceleration had
<br />-occurred. However. this right to reinstate shall not apply in the cs*e of acceleration undrer paragraph•, I If ,i 17
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