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<br /> 89� 10599
<br /> � !f Lender requ�red martg�ge insur�nce as a condition c�f m.�k�ng Ihe Ioan secu�rd t+)• this Sc�urity Instrum�nt,
<br /> , Borrower shall pay thc prcmiums required to maintain thc insurance in c�'ect until such time as the requirement for the
<br /> �nsurance tern�inutes in accordance with Harrower's and Lender's w•ritte�i t�greement or upplic�bls la+�+.
<br /> � 8. les�ecti�t. L.ender or its agent may make reasonable entriew upnn and inspectiuny,uf'the Pn�perty. Lender
<br /> shall give Borrower notice at the time af or prior ta an inspe.ctic�n specif}ing reasonabld�ause P�r the ingpection.
<br /> • 9. Condemnatlon. The proceecis af any�wArd or claim i'ar damages,dirc�:t or eansequential,in connectian with
<br /> any candemnation or other taking of any part of the Praperty. or far con��eyancc in lieu of condemnation. are hereby �
<br /> ; assigned and shall be paid to 4ender.
<br /> . In the e�•ent of a total taking of tht Proper�y,the prcxcrds chall t�e applied to the s�m9,arcured by this Security
<br /> ' lnstrument, whether or not then due.with any excess paid to Borrower. In the event of a panial takimg oi'the Property,
<br /> , unless H�rrower and Lender otherwise agrre in writing,the sums secured by this Security Instrument shalt be reduced by
<br /> ; thr amount os the pruceeds multipliecl by the foilowing Prartian� (a)the total amoun� ot'1he sums seci!red immediately
<br /> � before the taking,divided by ib)the fair market value of the Propeny immediAtely before the taking.Any balance�hall be
<br /> paid tQ Borrower.
<br /> ' If the Property is abandoned by Borrower, or if,After natice by Lender to Borruwer that the candemnor offers to
<br /> make at�award or settle a cia�m for damages,liottower iails to re�puud tu Lendcr u�ithin 3i?days afte;tt�e date the notice�s
<br /> i given.Lender is suthorized to collect and apply the proceeds,at its option,either to restoration or repair of the Properiy or
<br /> � to the sums 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�ot extend or
<br /> , pasi�ne th�due date af the moathly paymcnis referred to in paragraphs 1 and 2 ar change the amount�f such payments.
<br /> • 10. Borrower Not Releaaed: Forbeuance By I.ender Not a Waiver. Extension of the time for payment or
<br /> �nodification of amortization of the snms secured by this Security Instrument granted by l.ender to any successor in
<br /> interest of Borrower shall not uperate to rclease the liability of'the original 8orrower or Borrower's successors in interest.
<br /> , Lender shali not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> puyment or otherwise modify umortization of the sums secured by this Security lnstrument by reASan of any demand made
<br /> � by tht origina)�orrower ar Borrower's successors in interest.Any farbearance by Lender in exercising any right ar remedy
<br /> shal!n�t be a vvaiL er of or prcclude the eaertiss of any right or remedy.
<br /> � 11. Succeswn and As�igns Hound;Jolnt and Seven!Liability;Casigners. The covenants and agreements of ;
<br /> this Security lnstrument shall bind and benefet the successors and assigns of Lender and Borrower,subject to the provisions j
<br /> of paragraph 17.BQnawer's covenants and agrerments shall be joint and several.Any Borrower who casig�c this Security
<br /> Instrument but do�s not eaecute the Note: a)�s co-si nin this Securit Instrument onl to mort a e,grant and conv � �
<br /> � B 8 y v B B 0Y i_ -
<br /> � � that Bonower's istterest in the Property under the ternts of this Security lestrument:(b)'ss noi persona!!y obligated to pay � -
<br /> the sums secured by this Security Instrument; and(c)agrees that Gender and any other Barrower may agree ta extend, -
<br /> modify.forbear or make any accommodations with regard to the terms of thi4 Secnrity Instrument or the Note without
<br /> thut Borrower's cansent. `
<br /> ; 12. Lo�n Charges. lf the loan seeured by this Security Instrument is subject to a law which sets maximum loan -
<br /> char�es, and that law is finally interpreted so that the interest or other loan charges callected or to he callected in
<br /> connection with the loan eacee�t 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 fb)any sums already coll�ted frnm Borrower which exceeded
<br /> permitted limits wi11 be refunded to Borrower. Lender may chcxise to make this refund by reducing the principal owed
<br /> under the Nole or by making a direct paymeat to Borrower. If a refund reduces principal,the reduction will be treated as a
<br /> partec►E prepayment without any prepayment charge under the Note.
<br /> 13. Legisls�doa ARcetiag Leeder's Rlghts. If enactment or expiration of applicable laws has the effect of �
<br /> rendering any ptovision of the Note or this Security Instrument unenforceable according to itc tertns.Lender,at its option. �
<br /> may requite imme�'tate payment in full of a11 sums stcured 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 /> 1�. Plotices. Any notice to Borrower provided far in this Security Instrument shall be given by deli�ering it or by —
<br /> mailing it by first class mail unless apPlicable law req�ires use of another method. The notice shall be directed to the �'.�r
<br /> Property Address or any other address Horrower designates by notire to Lender. Any notice to Lender shall be gi�en by ' .
<br /> first class mail to Lender's address stated hesein or any other uddress Lender designates by notice to Borrower.Any notice ' ,
<br /> pro�ided for in this Security Instrument shall be deemed to have beea gio•e�i to Borrower or Lender when given as provided �_
<br /> , inthisparagrapt�.
<br /> 15. Governing Law;Seresability. This 5ecurity Instrument shall be governed by federal law an�the law of the
<br /> jarisdictian in uhirh the Pro�env ic toc;atcd. ln thc cvcnt ihat any provision or clausc of thu Sccurity Instrumrnt ar thc
<br /> Note confticts wit�applicable law,such conftict shal!noi affect other provisions of this 5ecurity Instrument or the Nute
<br /> which can be gi�en effect withc�ut the ronflicting provision. To this end the provisiom of this Security Instrument and t6e
<br /> Note are declarcd to be severabte.
<br /> 16. Borrower•s Copy. Borrower shall be given one conformed copy of the Note and of thiti Serur�ty lnstrument.
<br /> 17. Transter of the Property or a Beneficts�f Inter�st in Bnrrawer. lf all or any part ot the Property or any
<br /> interect in it is sold or transferred(or if a beneficial interest in Borrower is sold or transfcrrcd and Horrower is not a natural
<br /> persan)wtthout Ltndei s prtor written consent, Lender may,at its optivn,require immediate payment in full of aU Sums
<br /> se¢uretl by this Security Tnstrumrnt. However, this�ption shall not be eaercised by l.ender if exercise�s prohibited by
<br /> fcderal law as of the date of th�s Security lnstrument. ;_- _-_-_-
<br /> If l.endet exercise4 th�s�>ption.[,ender shall give Borrow•er notice of acceleratton.The notice shaU provide a pc:riud •
<br /> c►f not less than 30 days frotn the date the n�tice is delivered nr ma�led within which Borrower mu�t pay all wm�tecured by
<br /> this Sccurity Instrument. If Borrou•tr fails to pay these�umti pnor to the expiration of this peri��d, L.ender may mw�ke any '
<br /> remedies perm�tted by th�s Security Instrument withnut further nnUce or demand�m l3orrciwer. .
<br /> 18.Borrower's RIRht to Reinstate. If Borrower meets ccrta�n cc�ndit�onti. F3orr��wer shall ha�e the nFht to havc
<br /> enfortement of thi5 5ecurity lmtrument d��c�mtinued at any time pn�r tn;he e:ulier�+f (a►5 day�(c�r�uch�ilher��ennd ati "
<br /> appluabie law may tipecify fc�r re�nstatement)hef<�re tiale��f the I'r<�prrty pur�uant t��any p��wer i�f tiale csmtamrd �n �h�� �
<br /> Secutily In.rtrument. �+r(h)entn cif a�udgment enG�rring thi�Secun�y In�triimen� 7hntic c�+nditu»i,arr rhat F;��rr��wrr
<br />, [al pays Lettder �II �um� whi�•h then woul� br �fue under thiti Security ln�tru�nent anel the ":�,tc h.�d nn arcrler.+h��n
<br /> a�curred. (h� curea any �lefault �tif�ny tither c<��enant� e�r aurecments. (cl F�:��ti �I) C��C111C4 uicurrr�l ui enfiaunL th�ti �`'
<br /> 4ecunty In�lrnrnent. in�ludin�;, ht�t n�,t hmiicd �", rra���nahlr att��ttier�' fce� ancJ (c1� tai�c, +u�h .;tU��n ,i� I rn�lrr �n;�� �j�
<br /> sra�+mahl� rcy�nrc t�• AKUiC t}i��t thr lun ��f thiti fie•�urity Ii�titrumcn�. (cn�lrr'r iiE±ht� n� ih�• I'���{,�•ri� .,n�l I��,ii�,��rr', .
<br /> rh1i�;:�t��:r� t�� ;,a� fhe �usn► �ciutc�l h� thn tic�iir�l� Inrtrinnc•nt .h�11 ;�•��tn�ur un�h.�n�•r�! 1 ����u i���i�t.i�ri�ir�n h� y _
<br /> 4(nrr„ucr t}��.4�•,uti9� It��trtrr�ictit.��.i1�hr�,h�i}•:i1i���i��ti�•,�ir.•d 1�••irh� .h:�l{ •�•ni,ni�tiill� ,•flr�ti�. .r.it�,,�.�,,r!.�,�u��n I�.i�t
<br /> _.urt���l I�i,titircrr iht�f�;(1il� �ti tn�t:�trti1111)t��,t ,�ti��l. �r�'hr ��.� ,.! i. ��r� ���� ••un�l��� ;•��.u�� i(,�,• ! ' � � '
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