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<br />90-- 107286
<br />If Lender required mortgage insurance as a condition of making It he loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in ellrect until such time as the requirement for the
<br />insurance terminate% in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and fospections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9, Condemnation. The proceeds of any award or claim for damages. director consequential, to connection with
<br />any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instiument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrumi ni shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sum+ wecured immediately
<br />before the taking. divided by (b) the fair market value of the Property immediately before the taking. Ana balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or iE after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to Linder within 30 days after the date the notice is
<br />given, Lender is autborired to collect and apply the proceeds, at its option, either to restoration or repair of the Property 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 not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or chaea €e the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Under Not a Waiver. Extension of the time for pa) ment or
<br />modification of amortization of the sums secured by this Security Insireament granted by Lender 1•o any successor in
<br />interest of Borroµe r shall not operate to release the liability of the original f'orrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any succesor in interest or refuse r;,., extend time for
<br />payment or otherwise modify unionization of the sums secured te) this Secu pity Instrun;1 :nt by reason oti any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender In exercising aaay nght or remedy
<br />shall not be a waiver of or preclude the exercise of Any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instru,rment shall bind and benefit the successors and assigns or Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's crivenants and agreements shall be joint and se,. eni. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security i instrument only to mortgage, grant and convey
<br />That Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured bi. this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, farfiear ,%, make any accommodations with regard to the terms n•f this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other Iran charges collected or to be collected in
<br />connection with the loan exceed the permitted limits. then: (a) any such Iran charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit: and (h) any sums already collected from Borrower which exceeded
<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 red a xi principal, the reducuor will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. legislation Affecting Lender's Rights. if enactment o r e xpiration of applicable laws has the effect of
<br />rendering any provision of the Nate or this Security Instrument unenforceableaccord,ng to its terms. Lender, at a + option,
<br />may require immediate payment in full of all sums secured by the. Sectrrny Instrument and ma -. ,nsoke any remedies
<br />permitted b% rangraph 19. If Lender exercises this option. Lender shall ia,k;cthe steps specified in ii`:c cond paragraph of
<br />paragraph
<br />14. Notices. Any notice to Borrower provided for in this Security Irst rument shall be given he delivering it or by
<br />mailing it by first class mail unless applicable law require use of another method. The notice shall he directed to the
<br />Property Address or any other address Borrower designates by notice Lit Lender. Any notice to Lender shall be given by
<br />first class mad co Lender's address stated herein or any other address Lendcrdesignates by notice toy Borrower. Any notice
<br />provided for in this Smunt y Instrument shalt be deemed to have been given to Hornower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing law; Severability. This Security Instrument %hal I tit, ginerned by federal law and the iaN 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 conflict-, uah applicable law, such conflict shall not affect other rrovishms of this Security ltnlrument ar the Note
<br />which can beg ilea effect without the conflicting provision. fo this end it(e provisions of this Security instrument and the
<br />Note are deciared to be severable.
<br />16. Borrower's ('opy. Borrower shall be given one confirmed ropy of the Note and of the. Security In trument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Prml•erty or any
<br />irtzrr of in it is so ld or transferred for if a beneficial inleres'::r- Borrower i %%oldor trcutsfet red and 3.4 nit a natural
<br />person) wtthowc Lender'+ prior wnttep %xo.sew. Ler.•d.r M.1%. .11 tls o r-tvit - re4utre iminedWte ray :' -n—: it fu; t i all sums
<br />secured by the- !;v unty Instrument lloK eoe• ; nir^n shall not he c Noctscd by I ender if c:+cr: rsc r. Tnihihaed by
<br />federal law as of the date of* his Security Ira r ;r r etc
<br />If Lender exercises this option. Lender shah p -e f,srrower notice owf accelerat ion. [lie noticc %half prows,. x period
<br />of not less than 30 day. from the date the notice is de)n e. ed or mailed w uht it xh ich Borrower must pay all sutn� •< V ired by
<br />.i... c ........ i.._,....., .,t u'tL,....u..r Lp!t t., pny th,•s,• sum% nrior r, theexairation of this neno,d. lender ma+ invoke arm
<br />remedies perrn ixted by this Security Instrument without further ni•rn.r.,rdemand on Burrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain u.nditions. Borrower shall have the right it) have
<br />(enforcement of this Secunty Instrument discontinued at any time prior to the earlier ol. la) 5 days f, ,r such other reri(xi as
<br />applicable law ma% speedo (fir reinstatement) before sale of the Properly pursuant to cur) power of +elz.,,nrairied tit this
<br />Security Instrunietitt or (li) entry of a judgment enforcing this Security Instrument those condawn. are That ft.,rrower
<br />(a) pays Lender all sums which then would he due under this Security ln%trument and the %rite it.id no t— Meration
<br />occurred: Ili) cures any default of any other co+enunt% or agreements, l 0 pays all cxtx:nsc+ in,: urred in enfosrong this
<br />Security Instrument. including. but not limited to. reasonable attorneys' ties: and (d) t.tke su.h a,tion a. Le -:der may
<br />reasonably require to assure that the hen of this Security Instrument. I- ender'+ rights in the Property and &,rrowcr's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchangtd Upint ronaiternent by
<br />Dorrower. this Security Instrument and the obligations secured hereby +hull remain fully effective as if noaccirieration had
<br />occurred. However. this right to remstate shall not apply in the case of acre lterauon under paragraph+ I t ur 17
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