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<br />90- 106647
<br />If Lender required mortgage insurance as a condition[ of making the tan 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
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable taw.
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<br />IL Inspection, Lender or its agent may make reasonable entries upon and inspections of the Property. Leader
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<br />shall give Borrowernoticeat the timeof or prior toan inspection spiecibing reasonable caus for the inspection.
<br />9. Cosihmatlou, The proceeds of any award or claim for damages. direct or consequential. in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned imd shall be paid to Lender.
<br />In the event of a total taking of the Property. the proceeds shall be applied to the sutras secured by this Security
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<br />Instrument, whether ur toot then due, with any excess paid 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
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<br />the amount of the proceeds multipHed by the following fraction: (a) the total amount of the sums secured immediately
<br />Wore the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />VW to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by n ender to Borrower that the condemnor offers to
<br />make an award or settle a claim for images. Borrower fails to respond to Lm der within 30 days after the date the notice is
<br />gives Lender is authorized to coltect and apply the proceeds, at,, its option. either to restoration or repair of the Property or
<br />to tlb esums secured by this Security Instrument. whether or not then due.
<br />Unless Leader and Borrowerotherwise agree in writing, any applicatioaa of proceeds to principal shall not extend or
<br />post one the due date of the monthly payments referred to in paragraphs D wd 2 or change the amount of such payr nets.
<br />70 Borrower Not Rtleseek Ferbewstoce By Ler*r Not a Wailer. Extension of the time for paytttmit or
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<br />=vd6.m*m of amorrtbeation of the stomas secured by this Security Instrument granted by bender to any suecessm in
<br />inttraw 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 pramedings against any sucomcT in interest or refuse to extend time for
<br />payment or otherwise modify amortization of tltr scums 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 stmt be a waiver of or preclude the exercise of any right or remedy.
<br />11. Succe hors and Ash Bound; Joist mad Sev" Liability; Co signers. Flee covenants and agreermatt� of
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<br />this Security Instrument shall bind and benefit the successors and assigns of Leander and Borrower. subject to the prtsvcisjratcs
<br />of paragraph 17. Borrower's covenants and agreements shall beyvint and mveM. L Any Borrower who co-signs this Se caL ity
<br />Instrument but does not execute the Note: (a) is co-signing tlois Security &tt rtxs~+rrient only to mortgage. rgu7urt and cxortvey
<br />that iS imwer's interest in the property under the terms of rl7is. Security tissi ment; (b) is not personally obligated.1b Pay
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<br />the swims secured by this Security: lhmTument; and (c) agree 12ml l.endes and any other Borrower may agree toezd:iwd,
<br />modify, forbear or make any acomimodations with regard to the terns of this Security Instrument or the Note vrkbout
<br />that Borrower's consent.
<br />12. Lou Charges. If the > mn sec=,f lay this Security Instrumentz is subject to a law which s,4a maximum loan
<br />charges, and that law is finally int2rpreted'so that the interest or other loan charges collected ac u1 be collected in
<br />comuection with the loan exc e d tide permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />mvnRwy to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />M- trod limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />und=the Note or-by making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated as a
<br />partial prepaym nil. a 2hout any prepayment charge under the Note.
<br />13, Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />t>�tdes5ng any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option.
<br />tnrij� require immediate payment in full of all sums secured,by this Security Instrument and may invoke any reartaiies.
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps speofed in the second paragrzrb of
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<br />paragraph 17.
<br />14. Notices. Any notice to Borro4,, r provided for in this Security Enstrument shalt be given taw delivering it or
<br />mailing it by first class mail unless applicable law requires ur.,C cts Anted` ee axet%; oit 'M.- notice shin t o directed to, the
<br />Property Address or any other address Borrower designates b5 notice to P..=der. Any netiee to Lender shall be e.wa by
<br />first class mail to Lenders address stated herein or any other aJiignesc );„ elr,cj�;r. designates rb} notice to Borrower. Ann! =ace
<br />provided for in this Security Instrument shall be deemed to leave been sip. in ra Borrower or Lender when given as V, :7 %ided
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<br />in this paragraph.
<br />15. Gq;ernlag Law; Severabiiity. This Security Ias' =' meet s,bai:l to governed by federal law and the law of the
<br />fiction in which the Property is located. In the event t►a is any provision or clause of this Security Instrument or the
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<br />Nrateoca acts with applicable law, such conflict shall not slfa�t.other provisions of this Security Instrument or rJi¢ Note
<br />whfd! can be given effect without the conflicting provision. Tai this end the provisions ref this Security Fnstrumenz =d the
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<br />Note are declared to be severable.
<br />16. Bor> vwees Copy. Borrower shall be given one conformed copy of the Note and of this 5Q.tu ty Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all of arLyr part cf, ihr• Lroperty or any
<br />imt,& . in it is sold or transfes�zW (or if a beneficial interest in Borrower is sold or transtecroi and BQrr wei is not a catural
<br />perma)•without Lender's prior written consent, Lender m4-v,. ai its option. require immer$izte payment in full of", nuns
<br />securml by this Security Instrument. However, this option.,Ball not be exercised by trder if exercise is probi#iMi by
<br />federal law as of die date of this Security Instrument. M.
<br />If Lender exercises this option. Lender shall give Horrpwer notice of acceleration. The notice shall provide a Herod
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<br />of not less than 30 days from the date the notice is deliver ed-i2• mailed within which Borrower must pay all sums seci -rp by
<br />thhi security Instrument. If Borrower fails to pay these sums prior to the expiration o(', iliis period, Lender may invoke any
<br />rtimA dies permitted by this Security Instrument without fui thernotice or demand on Borrower.
<br />le. Borrower's Right to Reinstate. If Borrower meets certain conditions, Bon-ower 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
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<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 (h) 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 />reasonably require to assure that the lien 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 obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17.
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