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<br />90- 107301
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,`;k',
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
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<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
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<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior io an inspection specifying reasonable cause for the inspection.
<br />for damages, director consequential, in connection with
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<br />9, Condemnation. The proceeds of any award or claim
<br />any condemnation or other taking of any pan of the Property, or for conveyance in lieu of condemnation, are hereby
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<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall he applied to the sums secured by this Security
<br />Property,
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the
<br />Lender in writing, the sums secured by this Security Instrument shall he reduced by
<br />unless Borrower and otherwise agree
<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 immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, 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 Lender within 30 days after the date the notice is
<br />its option, either to restoration or repair of the Property or
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<br />given, Lender is authorized to collect and apply the proceeds, at
<br />to the sums secured by this Security Instrument. whether or not thenduc.
<br />in any application of proceeds to principal shall nvx emend or
<br />Unless Lender and Borrower otherwise agree writing,
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
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<br />10. Borrower Not Released, Forbearance By Lender Not a Waiver. Extension of the time for gray :rent 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 />in interest.
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<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors
<br />be against any successor in interest or refuse to extend time for
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<br />Lender shall not required to commence 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 of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bouad; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
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<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security 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 />Instrument; (c) agrees that Lender and any other Borrower may agree to extend,
<br />the sums secured by this Security and
<br />modify, forbear or make any accommodat.ons with regard to the terms of this Secunty Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loaa Charges. If the loan secured by this Security Instrument is subject to a law v6hwn sets maximum loan
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<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to he collected in
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<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge ~hull he reduced by the amount
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<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from &w rower which exceeded
<br />Borrower. Lender may choose to make this refund by redoong the principal owed
<br />permitted limits will be refunded to
<br />under the Note or by making a direct payment to Borrower. If u refund reduces principal, the reduction will be treated as a
<br />gurtial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights, If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according tic 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 tit the second paragraph of
<br />paragraph 17.
<br />14. Notices. An% notice to Borrower provided for in this Security Instrument shall N given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall he directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice ro Lender shall be given by
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<br />first class rnail to Lender %address stated herein or any other address Lender designate+ by notice to Burrower. Any notice
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<br />provided fix in this Security Instrument shall he deemed to have been given io Borrower or Lender when given as provided
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<br />in this paragraph.
<br />IS. Governing Law; Severability. This Secure.. Instrument shall he governed by federal law and the law of the
<br />jurisdiction in which the Properly is located. In the event that auy provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, si::h conflict shall not affect other prmisions of this Secunry instrument or the Note
<br />which can be given effect without the rnnfhi.ting provision. To this end the provisions of this Seouniy Instrument and the
<br />Note .tie declared to he severable.
<br />16. Borrower's Copy, Borrower shall fie given tine confirmed copy of the Note and of this Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If u.. or any part of the Property or any
<br />interest in it is sold or transferred (,-it if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) w ithout Lender's prior wniter. consent. Lender may. at ra option, require immediate pal: meet in full of all sums
<br />secured ti% thus Security Imtrument. ( o%evcr. this Option shall not be exercised by Lender if exercise is prohibited M
<br />federal lave as of the date of this Secant z instrument.
<br />If Lender exercise). thts opt ton. Lender shall gne Borrower notice of acielcrat-.a•n The cos;ice shall provide a Period
<br />of not less than 30 days frr^r rNe date the notice is delnered or marled within which li.,rr.�aer truss pay all sums secured by
<br />this Security Imtrument If Borrower fails to pay the,e sums prior to the expiration 4w ;hr ^eri.1d Linder may invoke uny
<br />remedies permitted by this Securit% Insrrument without fort her notice tir demand „i,6,r�,--n
<br />18. Borrower's Right to Reinstate. if Borrower meets certain conditions. B.,r:•swer,,hail have the right to have
<br />enforcement of thts Security Instrument discontinued at any time prior tc, the earner oe. (a) 5 days fur such other period as
<br />applicable law may specify for reinstatement) before sale of the 11rorerty pursuant to any power (if sade contained in this
<br />Security Instrument. or (h) entry of a judgment enforcing this Sccunry Imtrument Those condittom are that Borrower:
<br />(a), pays Lender all sums which then w,,uld fie due under this Security Instrument and the Note had no acceleration
<br />occurred: (h) cures any default of any ,ether covenants or agrermuits. (c) pays an expense•, incurrctit in enforcing this
<br />Security Instrument, including, but not limited to. reasonable attorneys' fees; and (d) tales such action as Lender may
<br />reasonably reyutre to assure that the hen of this Security Instrument. Lender's rights in the Property and Borrow'er's
<br />obligation to pay the sums secured by this Security Instrument shall continue unchanged 11pcin reinstatement by
<br />Borrower, this Security Instrument and the obligations secured hereby shall remain fully effective a +d'no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17
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