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89- 165163
<br />.If.i,.aadtt required mortgage ittt;urance as a condition of.making the loan secured by this Security Instrument,
<br />. • Gorr . pity the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />irtsu tes in accordance Willi 136MOwer's and mender's written agreement or applicable law.
<br />- - Lea& .060 intent may make rsasooabte enrriec umr►_,"A i crmti
<br />sht� ve Borrower notice at the tine of or prior to an inspection specifying reasonable p►use for the inspection.
<br />9 Cbr 111MUH . The proceeds of any award or c1#im for damages, direct o t consequential. in connection with
<br />any- cohdemeatiorr or other taking of any part of the PrOrperts, or for ronveyanee in lieu of condemnation, are hereby
<br />? =signed and 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 />t Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />udeM 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 fotlowirg fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fees market value of the Property immediately before the taking. Any baltanOx shall be
<br />paid to Borrower.
<br />If the Property is of ited s*. rr~, s?c i1'; . notice by Lender.tp f orrower that the co*4q. ra or offeTi,to
<br />d or clalri ; kt
<br />se awu settle a ": rdlk 0.1 remmd: to Le , hin 30 c3�a�'q after thF" s
<br />�I .ema3eris�vxhorizedteorJ^.t+r.r ff: zt
<br />r . riO t 1� % I.lrrf'E _ ttf+' vQ► #a.�estQra.tro ��►r .of
<br />Pop
<br />c ett em ,
<br />ly*t1[iFraa C4�Q.t .:
<br />ar+tf tiwe�rot1> r�rrt ragree xs .11Y ar'�pii r01 *-Voceeds to principal ;
<br />p +at ? _dti i�f tPa; trwyi rhly payments referrmrQt fC%ir paragraphs I at: 2',6a change the amount - ��sa7c r payr�nCssi s: '
<br />� ° H�ttva+�rer `tWt ;lfbtfifte4 Forbeaeam •B� 1"der Not ■ WS&M. •. Extension of the Vint for paymertu : , . .
<br />t 4atior+ of atiiottittati sa`i .the sums secured by`ti»s Security Instnin t granted by Lender to any successor in
<br />• t of Borrower shalt oat w'4erate to release the liability of the original Borm er or Borrower's successors in interest.
<br />�
<br />r shall not be requires)` M commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modif f amiortiution of the sunin 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 not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Sacestti n Md A"" Boss* Jolet acid Several I.fability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />Of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<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 t he 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 />modify, fork ar or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12, Lotus Charges If the loan secured by this Security instrument is subject to a law which sets maximum lean
<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 antouttt
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exaeeded
<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 />13. LegialHIM ARectiag Leader's Rtght& if enactment or expiration of appika►ble laws has the effect of
<br />rendering any provision of the Mote or this Security Instrument unenforceable according to its terms, mender, at its option,
<br />may require immediate pay"nne t in full of all sums secured by this Security Instrument and may insalrt any remedies
<br />permittedby paragraph 19. If tender exercises thisoption, Lendershall take the steps specified in thesecond paragraph of
<br />paaragraph 17.
<br />14 Notices. Any notice to Borrower provided for in this Security Instrumen• shall be given by delivering it or by
<br />mailing it by first class mail; ur!..kss applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any otbw address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<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 [.ender when given as provided
<br />in this paragraph.
<br />IS- Covtrnittg Law; SevetUMIlty. 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 provision` of this security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Cory. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of tie property oar a Btwfitial 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. Ilowever. this option shall not be exercised by Lender if exercise is prohibited bs
<br />federal law as of the date of this Security Iirrsr.,eument.
<br />if Lender txertises thira+�fs±.�oe, Lee „er shall Siam 9tnrrower notice of accels=ion. The notice, halt >. *rvic;c a pCrit ri
<br />of ntw Bess than 30 days from ; then ^rice is de :;.v4 or mailed within wh :F 'aurrower must pay all sums secured i :'y
<br />th:i!•! irity Instrument. if fscs; xs►�t faaly� ia� :pad thi!st•3urns prior M the expiration of this perios;. Lender may invoke ait y,
<br />rrn�s4ies�pernritisriil.>)y this Sec; ,:iiylmstrutit4ietaal.yvithoO:.t further ri'idemats nn Borrc,r. .
<br />: i..;owravi,revai WRIEDt ltet'ftlsgtd. IfBorrdE Ora+ :meetscerda kcondirit its, fiorrowEN ;all have tiro >, ;gent r;. .%
<br />et►I”" ement of this Security ;Yn�t1 Vt Aent discontinued jw..';riny time prior to the of (a) 5 days (or sucl *, ,,!" cr lmeri( ct as
<br />spolfcable 13w may specify statement) before calf= of the Property purses -w-To any power of sales; r,tained in this
<br />Security instrument; or (b) enrry 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 N�ite 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. Lenders rights in the Property and Borrower's
<br />obligation to Fay the sums secured by thss Security instrument shall conti lin unchanged. Upon reinstatement by
<br />Norrower. thiti Security Instrument and the obligations secured hereby shall remain fully efl'echve as if no.acceleratimi had
<br />occurred. ilowever. this right to reinstate shall not apply in the case of actcler,trrm untter;,.ir ;igrat+hs 11 or 17.
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