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",1 1 Ii f I, ?4•�r1j�,ft` 1 • r � ;3 F1029CTI n01r90) r i. v4Qe 3 or 4 Mal C >Mi•Y�3��y0ftlE'. r• �^ . . - .... r , a4 ,.t_ ,r,: s..:,- -- _ 'T .r:, � .Y •iYA:�YMiblfla�rl�' 'YIIiiL..iL+L rid, sr:yof.rfSrjl} u.M•a.n;..s..+ . -_ .- i - -- tl Under reigned Mortgage fnumos as a cmndit of maMYlp tier loan as!cured by the 8sowily Instrtsrntsnl, 8onoww shoat pay the ,. .. nagltirad to maintain the insurance N etfsct Ling such time a the requksmsnt for the bsttwm totdnstes b scoordsmar with - - -.� . -�• - pramlims Borrcwees and tinder's w men aprwnsnt or apptceble law. S. Inspection. Lander or No agent nmay make reasonable entries upon and Nspeclbns d the Property. Lender shah give Borrower room st the OW of or prior 10 an Inspection spe�UyMap ►etsonebte cause for the fnspedbn. g. CendenMellon. The proceeds of any award or claim for derregelf, direct or oonseWanthil. in aonnectlon with any condemns• iti m or other Wring of any pert d the pmpery. or for conwlrotm in voce of condsmnatlon, am hereby assgnad and stral W paW to :.{ �: _ 3 •r vutrrs+rvrrrer Lander. in ill event of a total Wdng of the Property. the proceeds shay be applied to The suns secured by this SeauilY lestn mint, whether ...:, w• -=a• _° �• }• ° N?rr„ -� .:, 1 or not them due, with say excess pail to Socower. In the event of a partW tattling of the Property. unties Borrower and Lender otherwise aprw In writing, the suns secured by ihle saauky Instrument aheg be reduced by the amount of the proceeds tnukWted by the following dhlded by (b) the lair market value of the Propely kmm dlsltrlY i t, fractlon; (a) the total amount of sums secured Immediately before the takleg, bsion the taking. Any balance shin be paid to Borrower. If the Property Is abandoned by Borrower. or I. after notice by Lender to Borrower that the condemnor offers to make an award or swls a claim for damages. Borrower Mile to mPwnt to Lender within 3D days after the date the notice Is given. Lender Is authorised to or repair of the Property or to are sums scarred by Ws SecuilitY coled and apply the proceeds. at tts apuor4 either b reatoratioil Instrument, whether or not then due. a the due Unalsat Lander and Borrower otherwise agree 0 writing, any appgcetlon of proceeds to pdndpai shay not extend or postpone ; data of the monthly payments relented to In paragraph 1 and 2 or change the amount of such payments. Borrower Not Released; Foisi9learance By Lender Not a Waiver. Edenslon of the time ter paymerd or modifi- 10. cation of amortkaUon of the sums secured by this Security instrument granted by Lender to any sups, so( in interest d Borrower shag not opante to release the Nobility of the odginul Borrower or Borrow wtxeastxs M interest. Lander shat not be squired to cerrxnenee ill secured proceedings against any successor In Interest «refuse to extend time for payment or otherwise redly amortization of sums Borrower's wccessas b Interact Any forbearance by this Security Instrument by reason of any demand made by the original Borrower or ' by Lender In exercising any right or remedy shall not be a warner 09 or preclude The exercise of any right or remedy. Assilglrts Bound; Joint and Several LW OW Co- signers. The covenants and agreements of ;[ 11. Successors and this Security Instrument shat bind and beriea 't? a successors and assigns o1 Lander and Borrower. subject to the provisions of paragraph 17. Borrower's covenants and agreements shag be Joint and several. Any Borrower who cosigns this Security Instrument but rtes not execute the Note: (a) Is co-signing this Security InsWmeM only to mortgmpe, grant, and convey that Sommer's Interest In the Property under the terms of this Security Instrument: (b) Is not personally obligated to pay the sums secured by this Security Instrument, and (c) ago= that Lender and any other Borrower may agree to extend. modity, forbear or weir any aceommodetbns with regard to terms of This Sewrky Instrument or the Note without that Sonower's conswiL instrument k sublet to a law which sets mr xi num loan charges, and 12. Loan Chary& it the loan seared by this Security chat law is Many interpreted so that the Interest or other loan charges collected or to be collected In connection with the loan exceed the permitted limb. then; (a) any such loan charges shall be reduced by the amount necessary to reduce the charge to the permitted Wnk: and (b) any sums already collected from Borrower which exceeded permitted OrniTs will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal. the reduction will be treated as a partial prepayment without any prepayment charge under the Nola. _ 13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable law has the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its tams, Lender. at its option, may require immediate payment In full of all sums secured by this Security Instrument and may Invol:e any remedies permitted by paragraph 19. If Lander exercises this option. Lender shelf take the steps specified in the second paragraph of paragraph 17. 14. Notice@. Any notice to Borrower provided for In this Security Instrument shrug be given by delivering k or by my by titan other r mass mull unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shag be given by first class mail to Landers address stated herein or any for in this Securlty !nstrunwl shall be downed to have been r' Ober address Lender designates by notice to Borrower. Any notice provided Oen to Borrower or Lender when given as provided in this paragraph. 15. governing Law; Severabilrity. This security Instrument shag be governed by federal law and the law of the Jurisdiction in which the Property Is located. In the event that any provision or clause of this security Instrument or the Note conflicts with applicable law, such conflict shell not affect other provisions of this Security Instrument or the Note which can be given effect without the con@cling provision. To this and the provisions of this Security Instrument and the Note are declared to be severable. 16. 6orro inset Copy. Borrower shag be given one conformed copy of the Note and of this Security Instrument. 17. Tranaler of the Property or a Beneficial Interest In Borrower. 11 all or any part of the Property or any interest in It Is sold or transferred (or k a beneficial interest in Borrower Is sold or transimed and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in lull of all sums secured by this Security Instrument. be exercised by Lender it exercise Is prohibited by federal law as of the date of this Security Instrument. However. this option shag not If Lender exercises this option, Lender shal give Borrower notice of acceleration. The notice shag provide a period of not fears then 30 days from the dale the notice is delivered or rrailed within wh,'ch the Bonower must pay all sums secured by this Security Instrument. If Borrower amts to pay these sums prior to the expirat!en of this period. Lender may invoke any remedies pem- nitted by this security Instv,- ment without further notice _r demand on ecrovuer. 10. Borrower'@ Rigtet t;o Reinstate. h Borrower meets certain conditions. Borrower shag have the right to have enforcement of os Searcy Instrument discontinued at smy tone prior to We earlier of: (a) S days (of such other period as appllcaole law may specity for ninstatecnwill) before sale of the Property pursuant to any power of sale contained in this Security Instrument: or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower (a) pays Lender all sums w:h,ch then would be due under rhle Sanuav inswment and the Note had no acceleration occurred: (b) cures any default of any other ccuenant or agreements: (c) pays ale expenses lrrourred in enforcing this security Instrument. wreWding, but not limited 10. reasonable attorneys, tees: eno tot rav— such ■ciiun as Lender may reasonably require to assure that the Hen at the Security Instrument. Landers rights in the Property arad B:.ttowees obiig- allon to pay sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower. this Security Instrument and the obligations secured hereby shag remain fully effective as o no acceleration had occurred. However the right to reinstate shag not apply in the case of acceleration under paragraph 13 or tl F1029CTI n01r90) r i. v4Qe 3 or 4 Mal C