|
ag--•. 105'70
<br />j" It taesdtr tletlitited tnortp(e insunance as a condition of making the loan secured by this Security Instrument.
<br />1 = - Borroaiver sihall pay. the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />itascooidaacr�iWBor [a�rtr'Sand lAr_A"*fi iri"Magpe —tn- eannt'c t+�taw� - - - - - -- - -' - - -- -- -
<br />IL Itta/nOm Larder or iu agent may make reasonable entries upon and inspections of the Preperty. Leader
<br />shalt give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Cam, The proceeds of any award or claim for damages, director consequential. in. connection with
<br />any condo tnalwn or 01her saki n of an of the Properly, - � y part operas, or for conveyance its lieu of t:ondemnation.'are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shag be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless 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 following fraction: (a) the total amount of the sutras secured immediately ;
<br />+ before the taking, divided by (b) the fair market value of the Properly 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 cgndeatnor cifen to
<br />make air award ot- simlea claim for damages. Borrower fails to respond to Leader within 30 days after the rate the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its opti:on,.eitherto restoration or repalt or-the Property or
<br />to the sums secured by this Security Instrument. whether or not then due.
<br />Unless Lender and Borrower otherwise agra in writing, any application of proceeds tc priueiW.--s.ls iii not extend or
<br />postpone the due date of them+anthiy payments referred to in paragraphs 1 and 2 or change tl ;e amchttt f such payments.
<br />}. IO Btterower Nat ilsl�eweil; %arbeanate By Kistler Not a Waiver. . Pit�tt*h of taw.tiimc for payment or
<br />modification of amortizatrirhWTihe sums seeurcOy' this Security lnstrutirRattf:granted by Lender to any successor in
<br />interest of Borrower shall iuii- operate to release the liability of the original Bitrrawer or Borrower's successors in interest.
<br />Leader shall not be required to commence proceedings against any successor in interest, or refuse to extend. time for
<br />payment orotherwise modify amortization of the sumasmuredby this Security Instrument by reason of any demand made
<br />by the original Wrrowerar.Borrower's successors in interest. Any forbearance lij#.ender in exercising any right or remedy
<br />shall not be a waiver of O preclude the exercise of any-xigist or remedy. .'
<br />It. Stteaaaor: aiad Aaslgas Bamk Joint "Several Usitlity; Coghpwn. The covenants and agreements of
<br />this Security Instrument shall bind and ,benefit the successors and assigns of Lender and.Bormwer, subject to the provisions
<br />of paragraph 17. Borrower's covet scam and agreements shall be joint and several. Any Ba7miri er who co-signs this Security ;
<br />} LtKrument fiat; dines not execute the Note: (a) is co4igainE this Security htstrument on4y to mor!WA _grant and convey
<br />' t last Borrowef'%Jtiterest in the Property under the terms of this Security Instrument; (b) is not persaiiially. obligated to pay
<br />the sums scarred by this Security Instrument; and (c) agrees that Lender and any other Borrower'iu�' agree to extend,
<br />modify, forbesior make any accommodations with regard to the terms of this Security Lv�Srument or the Note without
<br />that Botrowerr,'. Y Consent.
<br />11 Loaw C'koWs. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<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 amount
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refunaf by. reducing the principal owed
<br />under the Ndtior by making a direct payment to Borrower. If a refund reduces principal, itve reduction will be treated as a
<br />partial prepay "rat without any prepayment charge under the Note.
<br />11. , UgWatiow Ag(keting L.ea+er's Right:.. if enactment or expiration of applicable laiis has the effect of
<br />rendering any &nvision off the Note or this Security listrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured N,Ihi% Security Instrument and may invoke any remedies
<br />permittedby paragraph 19. If Lender exercises this option, Lendws?aall take the steps specified in the second paragraph of
<br />�tr�egvapii 17_'
<br />14. Ai4dees. Any notice to Borrower provided for in this Security ths'liument shall be given by delivering it or by
<br />makng it by i.rst class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Advi rt ss or any other 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 shalt be deemed to have been given t€r Rorro%vr 4r Lender when given as provided
<br />in.this peragnph.
<br />15. Goverrtittg Law; Severabillty. This Security Instrument shall be governed by federal law-and the law of the
<br />jurisdiction. iw which the Property is located. In the event that any provision or clause of this Security instrument or the
<br />Note ixmflicu with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />whe0i 6" br given effect without the conflicting provision. U d i% end the,prtts isions of this Security instrument and the
<br />Note, are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed c€lp1) ifthe Note and of this Security Instrument.
<br />17. Trawfer of the PhVerty or a Beseftcial Interest In Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or ifa 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. 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 51111111 give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30days from the date the notice is delivered or mailed within which Borrower roust pay all sums secured by
<br />this Security Instrument. if Borrower falls to pay these sums prior to the expiration of this period, lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />W. DO-O"tes R10t to RONUte. If Borrower meets certain conditions, Borrower Shall have the right to have T
<br />erift►reemenl 4 this Security lostrument discontinued at anytime prior to the earlier of (a) S days (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of ,ale contained in this
<br />Security Instrument; or (b) entry of a lodgment enforcing this Security Instrument. Th€xe conditions .ire that Borrower:
<br />(a) pays lender ail sums which then would he due tinder thm Security Instrument and the Note had no acceleration
<br />occurred; (h) cure% any default of any Mher covenants or agreements; fcf pays all expenses incurred in enforcing the.
<br />Security instrument. Including, but m4 limited to. reavmahte attorneys' fees: and (d► takes such action ac bender may
<br />reasonably require to assure thax the beta (if :has Smurrfy lm.trurncnt. i ender`,. rights III the Property and Borrower's �f
<br />c.ahEatiOn try pyy the sums securest by thaw !%#-_ants" Instrument 00! €€�7struae unchanged ( r,tv remstatemenr by i•
<br />Hfrrru*cr. ihu. %aunty Inctrtyment artd the € hl€tstu,ns soured herehr shall r Unraan fsfit.. eff<<tItE a- If IW al+:clerattf*II h.ad
<br />chuffed Ifr!r<ciCr, this right m relflst; ate shall rafft apl+ly III the i-mc ,,f w.- Lei €•rai-ir under r,Ir3grap6% f z m t �_
<br />
|