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``!.. �86
<br />If Lender required mortgage insurance as a condition of making the Iran secured by this Security nstrument,
<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.pr applicable law.
<br />1. hospectioi. 'Lender or its agent may make reasonable entries upcat and fnsrections of the Property. Lender
<br />-nQiRSiVcit+ vtiCv4mi( ec` tinKO`` vs} mVrtosifim p&iivFt$peitijittj�iCaifir, iict�iuis,4r e'�iFii�yc,i'df:r.— - - - -- - - - - - - --
<br />9 Cowdetam dom. The pro=6 of any award or claim, for damages, director con.segraMimi, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu oUcondumnation, are hereby
<br />assigned and shall be paid to Lender..
<br />In'the event of a total taking of the Property, the proceeds shall be applied ta tae sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. lit the event cra partial taking of the Property,
<br />unless Borrower and Leader otherwise . ggrea in writing, the suers secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following; fraction: (a) the tf W amount of the sums secured immediately
<br />before the tatting, dNkkipy (b) the fair market value of the Property immediately before the taking: Any balance shall be
<br />i
<br />paid to tiswrer.
<br />fj t 'lropei +. .4baedoneod by Borrower, or if, afar notice by Lenur :r. to grower that the condemnor offers to
<br />f E make an w and or, sues claim for damages. Borrower faits to respond to L:�enddr within 30 days after the date the notice is
<br />t given, LerEiier (s au .tlt -Axed to collect and apply the proceeds, at its option. eit icr tai restoration or repair of the Property or
<br />` to the sums ;ie dtod lip •phis Security Instrument. whether or not then due.
<br />Unless Lender and Borrowgr otherwise agree inwriting, any application.etproceeds to principal shall not extend or
<br />i postpong; c due date of the t q payments referred to in. parigr3Fhs 1 and 2 of 4hange the amount of such payments.
<br />t 11. - Borrower Not Rcie � Fsrbearaaee By Lqader Not a >i!'airer. Extension of the time for payment or
<br />= modifii;atidn of aMo tion of the sums seciit¢d $ .t'arir,;f :trrir : luitument granted by Lender to any successor in '
<br />interest of Borrowez �li&)I not operate to releasi tits iizrttfitijht f the as:ainat, Borrower or Borrower's successors in interest. :
<br />Lender"';"'
<br />ender sl�tii nit :vquired to commence pr:din itst any QUCSessor in interest or refuse to extend time Forr: ,
<br />paymerrt2iifri<.b*N€i?ie modify amortization of the sum -by this S`ncurity Instrument by reason of any demand made,
<br />.
<br />bytheof*�7 'Dowrover or Borrower's successors in intent 'Any fr.Otarance by Lender in exercising any riot 4"r cemedt t
<br />shall not berawaivci';&or preclude the exerciscrsf'srty right or r.- mrds,R;
<br />IL gttoe�fad Asdps Botutad; dui A—um Seve W ti;bbillty; Cowipers. The coverrrmts and agreements oe.
<br />this Security Instrument wall bind and benefit dI a successors and assigns of Lender and Borrower. subject to the provisions tt 1
<br />of paragraph 17. Borrower's cover.Noits and agreements shall. be joint and several. Any', Borrower wits co- signsAhis Security
<br />! Instrument -but does not exectatz*st Note: (a) is co- signing'tkis Security Instrument only to mortgage, grant find convey t_
<br />` } that Bon+osrr Ws interem. in the Fwperty under the terms of is Security Instrumen€, Wy is not personally obligrited to pay
<br />the sums secured by this Security Instrument; and (c) aews that Lender and any other, Borrower may agree to extend,
<br />modify, forbear or make any accortimodations with rega, -4 tea the terms of this Security Instrument or the Note without
<br />i that Borrower's consent.
<br />!T, Lams Cberps. If the• lean secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, tend 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 amount .
<br />necessary to reduce the charge to the permitta limit; and (b) any sums already collected from 843wer which exceeded
<br />permittedr limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />' under thw Xotc or by making a dirty. payment to Borrower. l fa refund reduces prince pul;, the reduction will be atated as a
<br />partial pre+�ayment without any repayment dugge under the Note.
<br />13. Legislation Afffeding leader's Rabb. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender; at its option,
<br />may requ;,�t immediate paymev, vita full of all sums secured by this Security Instrument and may invoke any remedies
<br />permittedtthV paragraph 19. If i 4iie^ exercises this option, Lender shall take the steps si-ccified in the second. pmWaph of
<br />paragn;f.;17. ;
<br />14. Notices. Any notice to Borrowvv pseovided for in this Security instrument shall be given by delivering it or by..
<br />mailing it by first class mail unless applicaUeJaw requires use of another method. The notice shall be directed to the'
<br />Property Address or any other' address Borrower designates by notice io Lender. Ai;y notice to Lender shall be given by
<br />first chop mail to Lenders address stated herein or any other address Lender designraioes� by notice to Borrower. Any notice
<br />provide S ror in this Security Inst rument shall be deemed to have been given to Borrow.-. or Lender when giveiz ,r; provided
<br />in this paragraph.
<br />15. Covir afag Law; Sevend'idity. This Security Instrument sh,411 be governed by federal law and the: lbw of th•4,
<br />jurisdiction in which the Property ii located. In the event that any pivoy_,ion or clause of this Security Instru.txsr .-it or albnt.
<br />J.. Note conftizts with applicable law, sitsh conflict shalt not aftet ot?sox provisiom of•'titis Security lnstrummr ott the Note
<br />which can be given effect without the conflicting provision. To this er4 r.r:,c. proviq. m. y it this Security Insm:�lu. tit and the
<br />Note are declared to be severable.
<br />16 BorroweesCogy. Borrower shall be given one conformed, 2F,' � afths? vote and of tltft �secunty Instrument.
<br />V. Transfer of the Property or a Beseficiiall Interest in Borrower. If,a6 m 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 tri msferred 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 provides 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 Secunty Instrument. If Borrower fails to pay these sums prior ter the expiration of this period, lender may invoke any
<br />remedies permitted by this Security instrument without further notice or demand on Borrower.
<br />ti. 1leeretwee's 111—OW tR R!t!! ee, If WirroWer rneers certain conditions. Borrower shall have the nigh *_ to have
<br />enforcement of this Security Instrument discontinued at any trine 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 sate contained in this
<br />Security Instrument; or (h) entry of a judgment enforcing this Security instrument Whose conditions are that Borrower:
<br />la) 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 yr agreements. (c) pays all expenses incurred m enforcing this
<br />Security lnstrument, including, but not limited to, reasonable attorneys ice ;; and td) take% such actum as Lender play
<br />reasr:nably require to assure that the tree of this Security Instrument. Lender's rrahts ni the 11rtilictly and Iforfower c
<br />oblisalwit to pity the Sutm secured by this Sccunty fnstrument shall cominuc muftineei. l•pun reinstatement by
<br />Wtito -wer, IN% Security htatrument and the ribligationswcured herchy thin rcniain fuh.. ,fnr.iiccloatr;an has
<br />(,;:Cuffed !! *kc�et.l11tsng1111(- reinstate%bill not apply tit the�c w.-of actOeratoot miE ?rr t .ii.i.r :rt,h, t i .,r }7
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