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<br /> . � � � = : 89-r 1Q5'73S �
<br /> �" IfLtr�d�� ��t�ut�aieGa di4�conditian of ma4:lp�thr loan secured by this Securit�t Instnimmt,
<br /> 1. .' �arro�rer�11"�iMy�jeq��tr�:muintain the insuran�e in effect until such time as the sequirement fos[he .
<br /> , ir�sa�acct ' -l�rr-:�nre�'sandLersdrs's.wcittensg,reemtacors�p3iczbklsr�r_ -
<br /> t:-f�eM�.•• �ftit�enir fnsy makc reasacuble entrirs upon and inspections of the Prcperty. Lendu
<br /> � shall aive Borrower n�tiCe at tha tima uf or plr.:c�s to an inspection specifying reasanable cause for the ie,spectioa• '
<br /> 9. Gonde�astiwt. The prx���t���q:�g award ar claim for damages.direci�r consequentia}.iR connectic>a w'tth . � � -
<br /> an�.wnckmn�tion or ather taking oF�an��t�t�•of the Pmperty. �r£or conv�y�anre in litu of condemnatiort,ac�e hes.eby . - ....- .-. -.---
<br /> � �ssigned�nd shall be paid to Ltnd�u. � . '
<br /> ia the event of s t�t�f cakirfg af sh�Property,the proceeds sha{2 be aFplied to the sums sec�ued by this Security
<br /> � Instrument,whether or aot thcn due;wiYh�ny ezcess paid to Bonowcr. In the event of a partial t�king oi'the Property, �
<br /> unkss Hortawer and Leader etbiarwihet agrae in writing,the sums secu�red by this Secu�ity lnstrument shall be rr,duced by -
<br /> ' the amount of the procetds multiplic�i'�bg the E'oiiowing frgction-(a)the total amouat of the sums secused imtz�edi�tety '
<br /> - before tha taiung,dividad by f►a?tba fgrr snarket value of the Property imretediately before tht takirtg;Any b�nce shzll be
<br /> ' paid to 6orroNrr. . ��
<br /> ` I�i the Property is aband�ned b,;�onower,or'tf,after notice by i,ender to Borrower that the condemnar offers to
<br /> rnalce sn awud or setttc a claim.f�ir.domages,Borcow�u fails to respond to Lendar within 30 days aReir the date the notice is� �
<br /> � given,I.�nder is autharixed ta�oll�cc�and appiy thr proceeds.at its option.either to restor�tion ar repzir of the Praperiy or � �
<br /> � to thesnms securcc}by t;�is Sccurit��rnstrument,whether ar not then due.
<br /> LTnless Lcvder and Bor�:ztvar'otherwisa agree in writing,any applisation of proceeds to principal aha11 nat eactrnd or �
<br /> postpotte tliee due date Qf thc monfhly payments refecred to in paragraphs 1 and 2 or change the amount of such payments. - ' ,
<br /> ; 10. Bon+ower Nut Rekiued; Forbarasce Hy Lemder Not a Wairer. Extension af the time for payment or
<br /> • madi6c:ttion vf am�rsi�rsaa of the sums secnred by this Security tnstrumrnt granted by t.ender to any succe.�sor in • .,.
<br /> � interest of Barrower shall�nat,Cperate to release the liability of the original Borrower or Borrflwer's successors in interut. � '
<br /> ��� � ' Lender shail nat be reqitit+�d"�to commence pracoedings against any successor in interest or refuse to extend time for ,
<br /> . payment ar atherwisc modify amorti7at�on of thr snms secured by this Security tnstrument by reason of any demand made �
<br /> � ' by tf►e atiginal Harrawtr or Borrower's snccessoss in iottrest.Any forbe�±ance by Lender ir.exercising any right or remedy � �� + ',`r-:,�•._�.. �:�:
<br /> �i . ;..:.�;,.,:,,
<br /> ' shall aot be s weivar of��t�prtclt�de the exercist af any right or remed}. :�" > .. . -
<br /> . ii. Sreca�ifi�:��Asst�es Ho�d;Joiat ud Se�e�1 Liability;�st�ers. The cave:�ants and agreements of � `' : _
<br /> this Securicy Instrua►�ats�all bind and bentflt tlx succe.uc,css�assigns of I.ender and�8orrower,subjeet tatihe psovisions � � �
<br /> ' of psragraph 17.Ho;aower's covenants and agreecnents sI-aa,���jaint and several.Any Borrower who co-signs this Secutity �
<br /> :..'' � , instr-�racnt.6m duas-not ea�ocnte thr Note:(a)is co-signing this Securily,Iastrument only to mcisegage,grant and c6nvey �
<br /> '. `. t�at Fwrrawec's int��rest in the Property under the tetms of this Secarity Imstrument;(b)is na:p!�x�onalty obtigated to pay
<br /> � � � �� the sums securc�by this Security Instrument;and(c)agras that Lender and any other Borrower may agra to extend, .
<br /> ' �� ' modif�� forbrar or enake any accommodations wilh regard ta the terms of this Se+ci��i3y Instrument or the Note without
<br /> �:}` that Barcoas�'s r.�nsent. � . � -
<br /> ' • • t2. Laut�L'Larga. If the toan secura�8y this Security Instrunent is subject to a law which sets maximum 1�� , .
<br /> ' � � � churges, aad �tiut,!uw is finally interpreted��c�tat the interest or•oiher loan charges cotlaci�d or to be collceted�iQ
<br /> ' � canaection�with the loaa exceod the permittw:�imits� then: (a)any.such loan charge sh�4;�►e reduced by the amouno � �,;;:�,�
<br /> ' �er_ecs�ry t�r��r_e the chargt to tht�ermi*.I=s!l�tn�l;a.�;�?any su�s alre2sly ca�leeted f��'M�B�nc�wer�vlzch esceeded ' '
<br /> ° pe�±nittal�limits will be refunded to Borrower. Lender�na.�choose to make this rei'und by reducing the prin:�ipal owed . `'��:'�_
<br /> ' � � undcr t'He Note or by maicing a direct payment,to Barrowtr pf a refund roduces principal,the red�,�:.3ion wili ii�treated as a
<br /> �� � pariial prepaymsnt without any prepaymens cl��r�:under the Noie. �
<br /> i 13. Le�fslatbe AReeting Lender's D�i�tits. If enactment or expiration of applica�:t laws has the effect oP ` _
<br /> . ; tand�ring any provision ot'the Note or this�.°rity Instnts:�ent unenforceable according to its terms,Lender.at its option, �
<br /> �,: � m�y require immediate payment i.n full Qf��f;$::ms secur� by this Security Instroment and may invoke any remedies —
<br /> ,, � ptrnaitted by paragraph 19.If I.er_��wserri��,.��s o�tio�.lLender chaq rake the steos specified in the second naragraph of �
<br /> paragraph 17. , �-=
<br /> ; 14. Notsr.�t►�. Any notice to Borrows�r�roviclPd for in ihis Security InstrumenS shall be given by deliveting ic c�r�s.� .�
<br /> mailing it by firsi c�ass mai! unless applieable law req�a:?a.��use of anaiher rriethod. Tt�e�notice shall be disc�l:�d:o tfte ' , , . ,-
<br /> `" Praperty�kddress or any other address Borrower desigr:ai:��.a by notice to L.ender. �.nj�.notice to Lender sha1J�e given by - �
<br /> ::t�`__�:
<br /> first clus mail to I.ender's address stated herein or any oit'�er address Lender designs:4es by notice to Borrower.Any notice • , _
<br /> provided for in this Security Instrument shall be decmed to have been given to Borrower ar Lender when given as provideci �
<br /> inthisparagraph. � �
<br /> � 15. Gorerebg Lw;Serer�bility. This Security�Insttument shnll be governed by federal law and the law of'the
<br /> � jurisdietioa in which tbe Ptoperty is located. la thc evrnt that aezy�prc�vision�r cl�use af this Security Instrument or the
<br /> ' Note confliets with applicable law,such conflict shalt nat aff�ci crther ptuvisions of this Security Instrument or the Note
<br /> which can be given elfect withaut thc conRicting provision.To this end the provisions of this Secarity Instrument and the
<br /> ; Note are declared to be severable. �
<br /> 16. Borrower'a Copy. Rorrower shali be given one conformed copy of'the Note and of thic Security Instrument.
<br /> ' t7. Triw�tr ai ttie PraOerty or s Beneficiii Intrrest in Borruwer. If a11 or eny part of'che Pruperty at any
<br /> � interest in it is snld or transferced(or i!'a benefiaial interest in Rorrower is sotd or transferred and Borrower is not a natural
<br /> person}without I.ender's pric�r written cot�.tient,l.ender may.at ita option,reyuire immediate payment in full of all sums
<br /> , securtd by this 5ecurity tnstrumeni. Howsveri thtg option shall not br exercised hy Lender if exercise is prohibitcd by
<br /> feder�l taw as of the dateof this Security lnstrument. -�--
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<br /> lf Lender eaercises this option.Lender shaU give Barrower notice�f atccleration.The notice shaN provide a perioci t
<br /> of not less than 30 days ftom the date the notice is delivered or mait�d within which Borcower must pay all sums secured by
<br /> this 5ecurity tnstrument.ItBorrower fails to pay these sums prinr to the capiration of this Frcriod,Lendcr may ii�voke any � .
<br /> remediespermitted by this Security lnstrument without further notice ar demand on f3orrower. �. ,
<br /> � IS.Horrower's Aigtit t�Rttettate. If Borrower meets certain canditinns,Borrower shall have the right tn have , ; '
<br /> tnforcement oPthiy Seeurity Inattument d}scontinucci at any time prior to the earlier nf:(a)5 days(or such othcr periad ns
<br /> L applicsble 1aw may speciPq for reinstatement)E+efore sale of the Property pursuant to any power of s�le cuntaitted in this
<br /> Security Instrument;ur(b�entry of a jvdgmcns�eaforring ihis Srcurity lastr�iment.Thvse con�litir�ns are that E3orroKer.
<br /> (a)pays l.cnder ail sums which then wouW�tk!due under this Security Instrument and the f�iote had no acceleration
<br /> • 'a:curred:(bj eures any dePault of any otF.Cr covenants or agreements: (�) p�tis all expenses�ncurred in enforcmg �his
<br /> SeconF} fnstrument, including,hur nrst lirivcc� la, reasonabte attarneys'fees;and(d)takes such action aS I.ender may
<br /> reasonably reyuire tn assute th3t thc lic�a tiY!tti:�i 5eeunty Instrurnem. Leneler's r��hts in the f'rupci►} and IJorruaer s ,,r
<br /> abf��ratec�n to pay thu sums tecured 6p th��� 5ecu:uy lnstrument �FialI cantinue unchangcd. Up.�n rc�n�tatenient hy {.. �'
<br /> fiottowet:�hiy Security In�,toument and tlir ubi�gatinnti�ecurrd hcrehr•�hal!rema�n fully cffec���e a�if nn 3ccelerat�un had
<br /> ��ccurrc�ci.N�wever,thi+t ight tn reinstate 4hall�r��t:,S��Sy in�he c�tc��f a��etcr.�t����e undc:�.�ragr���h�t �rr 17
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