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<br />` 14ViJ Cfai&d.
<br />90.106641
<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 effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Lntgl+ . Jan. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />r,hall give Borrower nalire at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9; Cwtdemnatiam. The proceeds of any award or claim for damagm direct or consequential, in connection with
<br />any condemnation or oa her taking of any part of the Property, ar for conveyance in lieu of condemnation, are hereby
<br />amigncdiudt 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 />linsttument, whether or not then due, with any excess; 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 takittj, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor ofkrs to
<br />make an award or settle 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 collect and apply the proceeds, at its option, either to 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 of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Rekw* Forbearance By Leader Not a Waiter. 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 of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modifjr amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall net be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assts Bound; Jolat and Severed 1L)alAty; Co- signers. The covenants and agreements, of
<br />this Security Instrument shall bind atop benefit the successors and assigns of Lender and Borrower, subject to die provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be jcritnr, and several. Any Borrower who cc -signs this Security
<br />tristrument but does not execute the Note: (a) is co gving.this Security Instrument only to mortgage, grant. asrd convey
<br />c hat Borrower's interett in the Property under the terns of this Security Instrument; (b) is not personally abl[givei to pay
<br />the sums secured by this Security Instrument; and (c), sgrrm iiiart Lender and any other Borrower may a nae tp ei iewL
<br />mtodify. faxbear or make a-ty accommodations with repr+ni• its iin . germs of this Security Instrument or the Note taithoat:
<br />that Bormsees consent.
<br />'M - Lou Clw&es, If the loan secured by this Security ln.,.trument is subject to a law which sets muximum Wan
<br />charges, and that laws is finally interpreted so that the ineertm, or other loan charges collected or to be collected ire
<br />conned en with the 1'o m, exceed the permitted limits, th=: i,a)' any such loan charge shall be reduced by the amount
<br />new' w reduce the charge to the permitted limit: and (U) acres sums already collected from Borrower which exceeded
<br />erraiitr Emits will be refunded to 13atrower. Lender may cL'tom to make this refund by reducing the principal owed
<br />ill, via Note or by making a direct payment to Borrower. P.Ca reand reduces pri*:j:yrsl, the rraiuction will be treat.ed.as a
<br />par W prepayment without any prepayment charge under the Note. -
<br />. 13. Legislation Affecting Lender's Rights. 8f e;sactment or expiration of applicable laws has the pff�ct of
<br />rwdeing any provision of the Note or this Security Ynstreccenaet =enforceable according to its terms, Lender_at_ O opt).ars. .
<br />may esquire immediate payment in full of all sums sactrtcd !1,,?i; Otis Security Instrument and may invo►�a my. remaiiies
<br />permitted by paragraph 19. If Lender exercises this spruced„ li emier shall take the steps specified in the secotitipar- Lamr,b -of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower pro4'ifia@ Eoe ire r?vs Security Instrument shall be given bly 13; e: ing it er trig
<br />mailing it by first class mail unless applicable lace' ?IMnres use of another method. The notice shall-6i directed to the
<br />Property Address or any other address Borrower dnigmt:es tea notice to Lender. Any notice to Lender shall be given by
<br />first crass mail to Lender's address stated herein or amy otheir an7 keys Lender designates by notice, no sorrewea gea„u iwi ce
<br />prow54ai Tor in this Security Instrument shall be de.iina& r.o,hzu'v'�1t:en given to Borrower or Lender, wi)ert, yi: wen ms psivvLod
<br />fin•tw5paragroph•
<br />M Governing Law; Severability. This w-.ci ry Ervn:kument shall be governed by federal laW-em1 i±e �w of the
<br />1jaG�rWkdon in which the Property is located. In rite �.� wr. tfiat: arty provision or clause of this Security Lnstr"mitht a. the
<br />> oin Facts with applicable law, such conflict shaft not atiect other provisions of this Security,',Ihstratae✓Lte: etas Nate
<br />w Mcltcmbe given effect without the conflicting pmV't•sian Tea this end the provisions of this Security:Intn -4m=t and the
<br />N�cm arc declared to be severable.
<br />• 16 Borrower's Copy. Borrower shall, be givers ogre conformed copy of the Note and'of this Secnigy Instrument.
<br />Transfer of the Property or a Sozeficial Interest in Borrower. If all or any pail of the Property or any
<br />interest: in it is sold or transferred (or if aibeneficial 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 />18. 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 />rOW101y require to assure that the lien of tLs Security instrument, Lender's rights in the Property and Borrower's
<br />obligAtion to pay the sums secured by this Security Instmment 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 shat l not apply in the case of acceleration under paragraphs 13 or 17.
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