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89 145248
<br />If Lesdier r�agtaited enwtpye Los uraaoe as a tion of maitinr the Inn secured by this Security lastt'wnest,
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<br />Hbis>lnwer OWI pay tiles ptmiutpr ttgsiretd-to maintain tbe-insuri m m in niece until.such time as the requirement for the
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<br />iatraara�acr teraninates is aocordattoe wiitb Borrower's atad I.a�rde:'s�written a jreetneat or applicable taw.
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<br />-- -�; —> �' •..' LiifiCiEFii� itsaacart�y=SMMam eat"mM M-JL !MplStl Oft_iICPritOlrtY. Lender - --
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<br />W" sine Borrower notim at tine time der prior to an inspection specifying reasonable causefor the inspection.
<br />0.. CaNj1EW{jM The proceeds. of any award or claim fbi dim-g0t; direct or consequential, in COnwtiOn with
<br />any ndematim or other skiing of my par: of the Property, or for t avagatsoe in lieu of condmasinon; are hereby
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<br />awipW sad "be paid to Lender.
<br />In the event of a total tWciins of the Property. the proceeds shall be applied to the sums secured by this Stxurity
<br />111164MAaeet, whetber or not. toes doe, with any excess paid to Borrower. In the event of i partial taking of the Property,
<br />wilw)korttaw and a<.pndes othetwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the aaso�itnt of the proceeds muitipiiod by the following fraction: (a) the total amount of the sums secured inuQtediately
<br />beflrore die takia& divided by (b) the fair market value of the Property immediately before the taking. Any balance shaft be .
<br />paid to Borrower.
<br />If the Property is abandoned by Boaowret or if. after notice by Leader to Borrower that the condetunor offers to
<br />mahesn awarddesettkacWm focdamages, Borrowerfitil%to respond to Lander within 30days after thedsit the notice is
<br />Si+ ",Lender is authorized to collect and &My tie prviceeds. at its option, either to restoration or repair OI'k.#4.ftoperty or
<br />to the sums seic%�,by this Security Instrualant, wbetlher or not then due.
<br />Unias # wader maO Borrower otherwi 4C WW in writing, gay awki ion of proceeds to pciit ci Tsiq trot ei�titstr Qr
<br />postpone the duv matt: of tbae monthly ps its referred to in paragraphs I and 2 or change t l amount. sock Payy 5.
<br />10. Borrower Mtn � FbwtBmmee By loader Net a Waiver. F.atensic4,of` the.time fCT.r�sy+rirat`dr
<br />snrdi =tion of tttsortizatiim of-the sums secured by this Security Instrument•: scanted by' Louder to any' d, rs 'in
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<br />interest of Borrower shall Me;.n�retate to release the liability of the original Borrower or Borrower's successoh irf wl t.
<br />in interest refuse to extend dtrar- for
<br />Lender shat)'matt be required' to commenCe proceedings against any successor or
<br />payment oroU!tmwise'modify amortisation of the sumssecured by thisSecurity Instrument by reason ofavy demand ftade
<br />by tW oigisai 'awrower or Borrowerr's successors in interest. Any fiadxai once Lender in exercising aiikoght or remedy
<br />slgad>iri be awaiverofor preclude the exercise ofany right orremedy. ,...,:.,
<br />11. ,Sat #ass aril Aries DatasMh Joist sad S Several L e ,covenants and agreements of
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<br />this Security Insft*mt seen bind aadbevdi, the successors and (twli t dJ.Eop*,and )dttrrower, subject to the provisia�.
<br />of pragraph 1T' ?, i't owe s covenants and'�t+gt+amentssljall be jaiii�t itait "siwi> tp} ;� i y Borrow4rwho co-signs this Secd*v>
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<br />Initrurhent bm riot t►xezvte= the Nom: (a) is co•ssgaing this Security Irrsk1- only to mortgage, gtxrntand'comey'
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<br />that oorrowees interest in tbg4 operty under the tents of this Security Instruiiw%11; (b) is not personally obligated to pay
<br />the sums secured by this Ser.y&.y Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
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<br />modify. forbear or make any accomumdations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />IL Loan Charges. If the loan secured by thhis Security Instrument isr WNW to a law which nets maximum roan
<br />cbwSes. said that law is finally interpreted so that the interest or ether fruit. charges collected or to bte colleted in
<br />ecn? pm with the loan exceed the permitted limits, then: (a) any such lawn charge shall be mducod;ti�. the amount
<br />neccawiry to reduce the charge to the permitted limit; and (b) any sums already collected from BorrowcWval Lich exceeded
<br />prxetistod Limits will be refunded4 -Cara er. Lender may charsc to matte tit's refund by reducing the principal ti4
<br />under the Note or by making ar3tr l ;picgliiNrl7 to Borrower. If a refund reducer; principal, the reduction will be treated us s
<br />piww prepayment without ;wy )it vpA)*4rit'cltarge under the bite.
<br />13. Legl*gkm A>NesCtiigt Lender's 1� h*A% III' enactment Cr expiratiort• of applicable laws bas the effect of
<br />rendering any provision of the Note or this Security instrument unenfeiriable ac'Cordtng to its terms. Lender, at its option.
<br />may require immediate payment in full of all sums secured br-thit; SWOriyy Instrument and may invoke any remedies
<br />permitted by paragraph 19. if Lender exercises this option, Lendr..r shah:• take: the steps specified in the second paragraph of
<br />prusV,raPlt 17. ,
<br />. 14. Notices. Any notice to Borrower provided. for in this S--'L Instrument shall be given F�yi`dttliivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shaff sc directed to the
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<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given py
<br />fire 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 1agrutnent shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />iS Catf std ft Law: Srvsrat)rft. 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 comets with applicable law. such conflict shall not affect other provisions of this Security instrument or the Note
<br />wb els can be given elect without the conflicting provision. To this end the provisions of this Security instrument and the
<br />Note are declared to he severable.
<br />IC lssrrawea'i Qpye, Borrower sMU be even one conformed copy of the Note and of this Security Instrument.
<br />17. ` rosfor of ttko PjeWsy cote a Daaafirri d IMtrest is Borrower. 11 all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beraicial intered in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may. at its opium, require immediate payment to full of all sums
<br />seared by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by
<br />federal Tawas of thedate of theSecurity instrument.
<br />if Leader exeftises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a petitxJ
<br />of not kssihan 30doysfrons the date the notice is delivered or mailed within which Borro%crmust pay allsums securedby
<br />this Security Instns rao. If 8orrowtr fails to pay these sums pnor to the expirat ton of this period. Lender may to oke any
<br />reatadsm permitted by ibisSwctrrity Instrument without further notice or demand on Borrower.
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<br />fi. sarrarrst's 1Riit to �siastalte. If Borrower meets certain _cvnditii►ns. Borrower shalt ttacc ite right to nave
<br />enforen"ot oftlies Security lastruwsent discontinued at any time prior to the eaalier of: (a) 5 days (or such other ponied a%
<br />sppttcabk law may speedy for reinstatement) before We of the Property pursuant to any power of sale contained rte this
<br />Sarrrit) Intruument, or (b) tMry of* jeftroent enforcing this Security Instrument. Three conditions are teat lt.irro %cr.
<br />fir) pals Lender ail wines which then would be due under this Security Instrument and the Note had reo accdcratton
<br />occurred_ (ht cures any defavit of gay ether covenants or agreements, (cr pays a!i expenses incurred in enfilr,rnK thr9
<br />Security Instrument. including. but nix F.ioWed to. reasonable attorneys' fees; and (d) takes Such acid, +n is t enter may
<br />rew- MA4sly require to azw are that the its► of this Security Instrument, Lendef . right. to the I'reipefty and &4ro Aer's
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<br />(-jMq K,,n to pity the sum% secured by this Security lnstrumenr shall contrrtue unchanged 1,' -pun rerostatctncttr by
<br />latxrower, this Security Invtrunsent and the obttga WW& secured hereby shall remain fully clfc01%C as if no ac: celeral l"n had
<br />cxcwrrai However, this rot to reinstate shall not sppdy in the case trf acceleration chaser paragraph% I i or 17 -
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