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<br />89--: 105497
<br />If U*da required. mv%W insurance as a condition, of making the loan secured by this Security Instrument.
<br />Borrower doff pay the premium required to maintain the insurance in effect until such time as the requirement for the
<br />isIsWa a M. W r M i I W I % i n A 0 C n C 4 V KZ 1 W-i d LORA-W-T tawm LI-0-0 01002 M Mrr en A- r e L--- t 0 r -PPI i c a b 1 a I- m.
<br />lospKilem Leader or its age rit may malm remombk cabin upon and inspections of the Property. Lender
<br />aYirft givre,800. ower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />1 w -
<br />1 The proceeds ofany award or chin for damqM. direct oc comsequential, m connection Widt
<br />sub . _V.oa� 9tbc . r taking of any pan of the Property, or for coisveyeam in lieu of condemnation, are haft
<br />—*Ad berp"OoLender.
<br />In t*.6- rat of a total taking of the ftMerty,.tbe proceeds shall W applied to the s&= samr6d t1k true Security
<br />Instrument, w&tkr or not then due, with *oy excess paid to Bormwer. In the event ofa partial taititsg
<br />Onless Borrower and Lender othetwitsie agree in writs4g. the siamvecured by this Sec uffryinstmumisfW1, Pc'65* by
<br />the amount of the proceeds multiplictl by the folimitis friaction:4) the wW -amount of the sums sWul-mmi b t;*"tely
<br />before the taking, divided by (b) the fair market va* of the Property inuricidWely befom the taking. Any baliticaw all be
<br />PEW to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lena*Ao Wiza*w- that the condemnor offien to
<br />make an award orsettle-a claim for damages, Borrowerfk& to respond to Lgo-O&I'vithim, days after the date the notice is
<br />,jo ristoistion or the Properit
<br />oven. Leader is authorizedito collect &W apply the-proceeds, at its option, f Property or
<br />to the sums secured by thisSecurity Instrumm., iO eror not then due.
<br />Unku Lender and :porrowerotherwise agueih ivriting, any Appliest'4wofprocbe'm,topmcip4l"sh*H not e*mdor
<br />postpone tho.,4; date 6f the monthly v* =."MU.'"re'erred to in pi apps I and 2 or ch the amount of such- Pfty.mr;pts.
<br />I& wt r hst Rdme* PONVOINDils. -Le"w4ok's Wai�er. Exttim'A
<br />of the time for paw ar s'
<br />at the Su'rns.-rse4To41ri, Instniimnt granted by Lender to any suc6MkA* ist'
<br />�i"er sb&-;Zot operate t6reUm the"UbMty or-Borrowees successors iti hits s:
<br />bmi!kr, w-M-i.,srSkbe required to cowkr� �ce prociedirigs ao-&sk,any succe �Rsor in in' or refuse to
<br />MUM
<br />A ;po ►odif of theses securers b2�
<br />yam this Secr�K�,�-Jnstpam�mtby reason of any demand irnade +r :orig,i a9 Rom mw or Borrower's successors in interest. Any forbearappe-by Lender in exercising any right or remedy
<br />-240, rid bee waiver of or preclude the exercise ofany right or remedy.
<br />11. Saeeessairs and Aulps Bovs4- Joist sed Several Liability; C"goers. The covenants and agreements of
<br />this Security Instrument "I bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of V&rW&pk 17. Borrowers covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument-, M is not personally obligated to pay
<br />the sums secured by this Security Instrument, and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />IZ lAd■ Cberps. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />chuges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loon exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />n"e-miry to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceoded-
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />ursder. the Note or by making a direct payment to Bbrrower. If a refund reduces principal, the reduction will be treated ass
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Lighlatiom Affetting Leader's Rights. If enactment or expiration of applicable laws has the effect of
<br />rb*rinS any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any reffledles
<br />permitted by paragraph 19. If Lender exercises this option. Lender shall take the steps srie-cified in the second peraVrapb of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />"ling it by,- first class mail unless applicable law requires use of another method. The notice slisJf be directed to the
<br />Property AWress or any other address Borrower designates by notice to Lender. Any notice to Lender shall be Posen by
<br />first class nail 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 />its this Paragraph.
<br />15. Goveming Law; SeveraWlity. 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 />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />Ilk Swrower's Copy. Borrower shall be given one conformed copy of the Note 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 issold or transferred (or if abeneficial interest in ftarr,6wer is sold or transferred and Borrower is not a. natural
<br />person) withqIxt Lender's prior written consent, Lender may, ar ' it% option, require immediate payment in full of all sums
<br />secured by diis Security Instrument. However, this option shalt pot.be curcised by Lender if exercise is prohibited by
<br />hideral law is of the date of this Security Instrument.
<br />If Ldiilcr exercises this option, Under shall give Boffiw.4ir .notice of acceleration. The notice'Oiu;p pfovidc Ian p eriod
<br />cf %0* 30 days from the datobt notice is delivered or vitiated within which Hoymvvur by
<br />1146 UMAY Instrument. If Borrower fails to pay these sums p`Aoir to the expiration of fts•period. Widw-mii Oiw.Ae any
<br />by futitt"tio6suvordentandull Dulrrowcf.
<br />I$. ".*wef's Right to Relastoic. if Borrower meets ccnain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrunwo t discontinued at any time prior to'the earlier of. (a) 5 days (or such other period as
<br />APOic" law may specify for reinstatement) before safe of the Property pursuant to any power of sale contained in this
<br />Security tnstrument., or (b) entry of sJudgment enforcing this Security Instrument. 'Those conditions are that Borrower
<br />'(&) pays Laukir all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurnd; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument. including, but not limited to, reasonable attorneys' (m. and M takes such action as Imider may
<br />reawnably require to assure that the lien or this Security Instrument, Under s righ1% in the Property and Bortower's
<br />obligation to pay the sums secured by this Security Instrument shall continua unchanged Upon reinstatement by
<br />Borrower. this Sec-unty Instrument and the obliptions secured hereby shall remain fully cffective a--it'noaccelefalton had
<br />W"fred. llo*cver, this right to reinstate shall not apply in -the caw ofacc-eftration under paragraph- I ; orT?
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