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<br />90---107080
<br />If Lander required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. ,. sue. u' • - -
<br />1. Inspection, lender or its agent may make reasonable entries upon and inspections of the Property. Lender �'.j:,•, .w;r,,,��. ,
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. -
<br />9. Conlemaation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby ,
<br />assigned and shill be paid to Lender. i
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />d Bo we In the event of a partial taking of the Property. I
<br />Instrument, whether or not then due, with any excess pat to rro r.
<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 sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property iiattiediate[y before the taking. Any balance shall be
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<br />paid to Borrower.
<br />If the Property is abandoned by Boffown. or if. after notice by Lender to Borrower that the condemnor offers to
<br />take as award or settle a claim for damages. Borrower fails to respond to Lender within 30days after the date the notice is
<br />;
<br />given. Limiter is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sum secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to i n paragraphs 1 and 2 or change the amount of such payments.
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<br />10. Borrower Not Released; Forbearance By lAnder Not a Waiver. Extension of the time for ment or
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<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
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<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
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<br />shall not be a waiver ofor preclude the exercise of any right or remedy.
<br />11. Successors and Assign Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
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<br />90---107080
<br />If Lander required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law. ,. sue. u' • - -
<br />1. Inspection, lender or its agent may make reasonable entries upon and inspections of the Property. Lender �'.j:,•, .w;r,,,��. ,
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. -
<br />9. Conlemaation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby ,
<br />assigned and shill be paid to Lender. i
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />d Bo we In the event of a partial taking of the Property. I
<br />Instrument, whether or not then due, with any excess pat to rro r.
<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 sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property iiattiediate[y before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Boffown. or if. after notice by Lender to Borrower that the condemnor offers to
<br />take as award or settle a claim for damages. Borrower fails to respond to Lender within 30days after the date the notice is
<br />;
<br />given. Limiter is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sum secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to i n paragraphs 1 and 2 or change the amount of such payments.
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<br />10. Borrower Not Released; Forbearance By lAnder Not a Waiver. Extension of the time for ment or
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<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender be required to commence against any successor in interest or refuse to extend time for
<br />shall not proceedings
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
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<br />shall not be a waiver ofor preclude the exercise of any right or remedy.
<br />11. Successors and Assign Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
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<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but don not execute the date. (it) is co- signing this Stcurit}r 1ns;�umen! only to mortgage, grant and convey
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<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />by Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
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<br />the sutras secured this
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
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<br />that )Borrower's consent.
<br />11 Loan Charges. If the loan secured by this Security Instrument is subject top law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loam 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 />to the limit; and (b) any sums already collected from Borrower which exceeded
<br />necessary to reduce the charge permitted
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. if a refund reduces principal. the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legialation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision c f 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 remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph 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 />mailing it by first class mail unless 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 Lender's address stated herein or any other address Lender designates by notice to Borrower. Arty notice
<br />be deemed to have been to Borrower or Lender when given as provided
<br />provided'for in this Security Instrument shall given
<br />in this paragraph.
<br />15. Csperidive Lie; Severability. This Security instrument shall be governed by federal law and the law of the
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<br />jurisdiction in which the Property is located. IT, 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 />16. Borrower's Copy. Borrower shall be given one conformed cop+ of the Note and of this Security lnszrument.
<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 is sold or transferred (or if a beneficial interest in Borrower i% 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 shalt not be exercised by Lender if exercise is prohibited i+y
<br />federai law as of the date of this Sec unty Instrument.
<br />If Lender exercises this option. Lender shall give Borrower notice of aseleration. The notice shall provide a period
<br />of not less than 30days from the date the notice i%delivered or mailed within. shv:h Borrower must pay mill; gums secured by
<br />this Security Instrunent. if Borrower fails to rAN, s';ese sums prior to the eArinnon of this period. Lender may invoke any
<br />j remediet nerynitted bv this Secunty Instrument without further noticeor demand on Borrower.
<br />1(l. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the ngnt to have
<br />enforcement of this S,ecunty Instrument discontinued at any time 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 safe contained in this
<br />Security instrument, or (b1 entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Secunt) instrument and the Note had no acceleration
<br />j occurred; (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 attornevs' fees. and fdt rake% such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument. Lender's rights in the Property and Borrower's
<br />obligation to pay the sums secured by this Secunty Instrument shall conttnue unchanged. Upon reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />not appiy in the case of acceleration under paragraphs 13 or I I
<br />occurred. However, t his right to reinstate shall
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