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<br />8g_ 105187
<br />' If Lender required mortgage insurance ac 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 sand Leader's written agreement orapplicable law.
<br />>•..-�-�rt° he .—
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Goa. The - proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condern"tlon or other t*ing of any,part of the Property, or for conveyance in lieu of condemnation, are hereby -
<br />mdSned and shall be paid to Lender.
<br />In the event of a tots! to tl :ti rile : zQCerds shall'. ed to.t a sterns secured by tltrs trdtr-
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<br />3 '»^ rc, ts3trhetherornotthere :!;t,;r9'e:.yt?`hro itteyecz;+of`�ctJ.ttgferi�. ('
<br />sl w cr and Lerxler`e+ Iac�?k - It, t),* VMS secure i ( r'ti?,- 3 l r SAxr1' ► -aced by
<br />,hie : of the proceeds muftio d'ty thictONAing fraction: (a) the total'amount of the sutras secured immediately
<br />before ti5e taking, 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 offers 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 tide amount of such payments.
<br />10. Borrower Not Relsased; Forbearance By I.ettder Not a Waiver. 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 modify 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 not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Statcessors and Assigns Boated; faint and Several Liability; 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 provisioned
<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) u co- signing this Security instrument only to mortgage, grant and convey 1 =-"
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secur.,d by this Security Instruments .' end (e) agrees that Lender and any other Borrower may agree to emiend.
<br />modify, forbear or vuke any accommodatio�5 iiith regard to the terms of this Security Instrumentt or the Nate wit'
<br />that Borrower's ceosient.
<br />12. Lean Cltii Vs. If t► loan secured by this Se::a6ty Instrument is suh ott; 113 a law which sets maximum loam
<br />charges. and that l,axr i:s finally interpreted so that the interest or odm:r loan charges collected or to be collected in
<br />connection with thx Goan exceed the permimod limits, then: (a) any such loan charge shall be.- rt laced by the amount
<br />necessary to reduce the charge to the permiv.,ai limit; and b) any sums already collected from 110mower which exceeded
<br />permitted limits will be refunded to Borrovl+er: 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 zNarge under the Note.
<br />13. Legislation Affecting Leader's 94$ts, If enactment or expiration of applicable .laws has the effect of
<br />rendering any provision of the Note or this Instrument unenforceable according to its tetrm. s, Lender, at its option.
<br />may require immediate payrimou b) full of all t;rr ;•a by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If C.a�dcr exercises zhis Uptlr,7 . lender shall take the steps specified in the second paragraph of
<br />paragraph 17. =u'
<br />14. Notitq%. Any notice to Borrowea provided f6r in this Ser:ur'ay Instrument shall be a % -zn by delivering it or is
<br />mailing it by first class mail unless applicable law regurc—, use of another method. The notices-tall be directed to the
<br />Property Address or any other address Borrower designtes 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 Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severnbility. This Security Instrument shall he governed Fry 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 he given effect without the conflicting provision. fo 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 ;Vote 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. How v er.. this o-enon shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security -
<br />if Lender exercises this option, IA-vdt: s Wl give govirmwer notice of acceleration. The shalt provide a period
<br />of not Tess than 30 days from the &,e the r.; 3sde grad'& mailed within whic% lei r ?v1 ar r :; ^a�, all 4Axms secured by
<br />this Security Instrtuhcnt. If Borrower fails earl aj- ihese gL: ^.s prior to the expirati
<br />remedies permitted by Ais Security instrurnimt w;t�G�Y ia: thew not.:x t +)r cis• :la:zd o: �; rr,1 �: -.
<br />13. Bono*" Right to Reinstate. IF Borrower vneets certainco.ndihons. Borrower -)`call have ilie 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 />L Security instrument; or (b) entry ofa judgment enforcing this Security Instrument Those conditions arc 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 tiny other covenants or agreements; (c) pays all expenses incurred in roforong this
<br />Security Instrument, including, but not limited to. reasonable attorneys' fees; and (d) take, ,tidt ,tenon its Lender rna}
<br />reaminahly rcyuire dr. assure that the ilea of this Security Instrument. I.cncter's rights oil the Properly and llorritwer'r _
<br />obligation to pay the stint* securer) by thw Smunty Instrument shall ollitmue unrhatirt-d t,'prm rc•ulrtate►nent by `
<br />Itr,rtower. thla Sceutrty lnArument;and the oblrgationcsecured hereby shill tonam tulb. Ct.' cot ;%C ;I%of lit) n,CTIrr IN011 IIAL!
<br />occurred llov, "cr. Ow. tight to rCMAatC%hAJ 11101 apply rr eerier t .rr.�c welt li.,t �,� . I?
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