|
If Lender required mortgage i WQW as a conditiom of making the We secured by this Security Instrument,
<br />.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />-iOUrance terminates in accordance with Borrowees sad I.eoder's written agreement or applicable law.
<br />-
<br />--
<br />41. lasg»etisa. Laden of ltf Yet Lllv� mvtk! naz nalik e ►ttil!! uppow cad mipwtiom of t�pr�r_tv_.
<br />T;
<br />s�pve orre e< ratim at thetwe of cr prior to se inspection specifying reasonable cause for the inspection.
<br />!. Coo dswastisa. The proceeds of say award or claim for damages, direct or consequential. in connection-with
<br />any aoadeauation at other taking of any part of the Property, or for convinpoce is lift . of madem nation.. an bareby .
<br />autgaed and shall be paid to Leader.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sum secuired.by this Security
<br />Instroxient. wbdbw or ricer then dot:, with anyexoaa paid to Borrower. In the evert of a partial taking of the PnVeity,
<br />unkss Borr+owerand Leader otherwise agree in Writing, the summa secured by this Security Iastrtuneat daft be reduced.by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total anrarnt of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the tall*& Amy balance shall be
<br />.
<br />paid to Borrower.
<br />If the Property is abandoned by Hormo.., *r if, after notice by Leader to Borrower that the condeminorAAen to .
<br />=*can awrard or settle a claim fordtrsrtages, None r !'ails to respond to Lender within 36 days afterAte date At notice is
<br />given, Deis authorizedto coMactsurdapplXW �,a; its option, tither to restoration or repair of t,I+t Ft`uperty or
<br />F'
<br />tb the &Wn tecured by this Security tawmmen;;t tber or'eot them due. ,
<br />U41=11 etidertWl Homo" ceherwisetfe in writing, any application of proceeds toprinaipatshallnot extend or
<br />,'::.postpone the due dategftbettsonthly paymie I .'01etrrd to in paragraphs 1 and 2 or change thismoucrt of such payments.
<br />10. Bstrrower rAit Rdei ssft Fie By Lenisr Note Waiver. Extension cf,wa time for payment or
<br />rnodilication of amortization of the sums sei ored by this Security Instrument grautad by Fender to any successor in
<br />interest of Borrower shall not WOO to rekase the liability of the original Borrower or Bonower's successors in interest.
<br />Fender shall not be mWited to c;mi mettce proceedings against say ;successor in interest or refuse to extend time for
<br />payraent or otherwisemodify amortization artfta sums secured by this Security Instrument by reason of say-demand made
<br />by the original Borroweror Borrottr#r's succestt m in:iniatest. Any forbeatahr by Lender in exercising any,rtuhcor remedy
<br />shail not bga. waiveroforpredudreifaeexerciseofanyrtigittonremedy,
<br />Il:. Sacess� ors stall Aar %so* Joist end Srtretfsf: I.faldlity; The covenants and as' t aa> kits of
<br />this Security lnstrumnEnt shall bisid4dd beadt the suecesson snit assigns Of lLentkr and Borrower, subject to the visions
<br />.
<br />:. cif 17. Bote�awiWscoveninisatd
<br />Pa�+�Ph ttg�iptettts shall be joint and several. Any Borrower whitco-sigris thisSecurity
<br />_
<br />Instrument but does not execute the Note. a'is.r�o�si
<br />• O Being This Security Instrument r�n)y to trtortgage, Brant and convey
<br />that Borrowers interest in the F ;:, y under the terms of this Security Instrument; ()�); is not personally obligated to pay
<br />the sums secured by this Securitt- I:ttasrument; and (c) agrees that Leader and any oihtr Borrower may agree to extend,
<br />modify, forbear or make any sceoinirscrdations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consat.: .
<br />12. Lose CholliO ', Af the ken secured by this Security Instrum mi is subject to a law which sees maximum loan
<br />char^ and that lawilii.:fiscally. interpreted so that the interest or other. Loan charges collected or to bq,q ilected in
<br />connection with the leant exceed 'thee permitted limits, then: (a) amy sa±#X'Lioan charge shall be reduced f>�; rl�e amount
<br />rwesury to reduce the charge to the permitted limit; and (b) any sumsalitady collected from Wmwer witi}i ,exceeded
<br />permitted limits wilt be'f.�funded to Borrower._Lcnder may choose to wake this refund by redusii * 1- he principal owed
<br />under the Mote or by ggwbng a direct payment tee, Borrower. Ifs refund reduces principal, the redi�tion will be treated as a
<br />rat matt without an meet charge under the Note.
<br />' fa•rt' �y y lx�y .. ,
<br />. . '
<br />U.. 1, jalstiotl ARaetiag Lessda's Rights. If enactment or expiration of, applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable accord -ietg to its terms, Lender. at its option,
<br />may require immedium payment in full of all sums secured by this Security instrument and may invoke any remedies
<br />permitted by paragraph_ 1!1. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph IT, . ,
<br />--
<br />'
<br />M. Notices: Any notice to Borrower provided for iathis Security Instrument. shall be given by delivering it or by
<br />nailing it by flnt class mail unlim- applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Leader's address stated hat in 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 parsgraph.
<br />IS. Coveming Law; SeverAl ity. 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 />r .
<br />which can be given ellect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. BswrswWs Copy. Borrower shall be given one conformed copy of the Note and of this Security instrument.
<br />17. Treasfer of tie Property or a BeaefiieW Lateral is Borrower. if allot any pan of the Property orally
<br />interest is it is soil or transferred (or if s beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />Perim) without LemdWs 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 asofthe date ofthis Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of accekration. The notice shall providt a perirxf
<br />of mot Its than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to Ilitexpirstion of this period. Lender may invoke any
<br />i
<br />remedies permitted by this Security Instrument without further noticeor demand on Borrower.
<br />Iflb oarrstrar's Nitlht to Bdaitate. If liniru►+r meets cer!ain cpnditinnt,. Borrower shy ltasr !I� tt(;tee to k::Yr
<br />enforcement of this Security Instrument discontinued at anytime prior to the earlier of (a) S dzys (or such other period a,
<br />apphcabk law may specify for reinstatement) before sale of the Property pursuant to any power of safe contained in th„
<br />Security Instrument; or (b) entry ela judgment enforcing this Security Instrument Those conditions are that lhirrower.
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no aceclerahun
<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 nom limited to. reasonable attorneys' fees; and (d) takes such actron as Lender noay
<br />reasonably require to assure that the lien of this Security Instrument. Lenders rights in the Property and Wrrcower's
<br />oblipoo i to the sums secured by this Secunty instrument
<br />{
<br />pay shall continue unchanged_ t_ pus reuistatcnietia by
<br />4.
<br />Boerower. this Security Instrument and the obligations secured hereby Shall remain fully effective as if nu acectcratu•n had
<br />occurred. Nawever. this right to reinstate shall not apply loo the case of acccleratron under paragraphs 13 si: 17
<br />
|