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<br />�— 89— �.06�e4
<br /> ' 1P Lender required mortgage lnsuranr.�as a conditian of making the laan secuted by this Security Ioslruntenl,
<br /> Borrower shall pay the pti�emiums rtquirM ta maintain the insurance in etfect until auch time�thc requirement for the
<br /> " � inaurance terminates in acr•ardanc�w.�th�arrawcr's and Lender's written agreenunt ar appticubte faw.
<br /> � 8. Iaspeedon. Lender or its agent may make reasonable entries upon and iaspections os the Property. Lendcr
<br /> � shall give Bonower notiee at the tirnt af or pr'sor to an inspection apecifying ra�sonable cause far the inspection.
<br /> '� 9. Condemn�tion. The proceeds af any award or claim for damages,direct ar consequential,in cannectian with
<br /> � any condemnatian or ather takin$of any part of the Property,or for conveyance in iieu of condemnatian, are hereby
<br /> ( assigned and shAll be paid ta Lend�r.
<br /> ln the event af a total ta4cing�of the Property, ihe proceeds shall be applied to the sums secured by this Security
<br /> In�trurt�ent,whether or nat then dua with aaay excess paid to Bonower. ln the event af a partial tukittg os the Property,
<br /> unles�Borrower and Landtr otherwise agree ia�writing,the sums secured by this Security Instrument shAll be reduced by
<br /> the amount of the proceeds multiplied by th�f�elloaing frs�ction: (a)the total amount of the sums secured immrdiately
<br /> t+efore the taking,divided b�r(b)tlae f,air markel value vf the Property immediately before the taking.Any balance shall be
<br /> paid to Borrawcr.
<br /> If the Property is abandona�9 by Borrowe�r.or if,afiter notice by Lender to Borrawer that the condemnar otFe�s to
<br /> make an award or settle a claim for damages,Bta��wer fails to respond to Lender within 30 days after the date the natice is
<br /> given,Lender Ic anthorized to caAect and appl�a�ae proceods,at its option,either to restoration or repair of the Propeny or
<br /> to the sums secured by this Security Ia�stcument,whether or not then due.
<br /> Unlrss Lender and Borrower ath�rwtise agree in writia�g,any application of proceeds to principal shull not extend ar
<br /> postpone the due date of the monthly payments�d'erred to in paragraphs 1 and 2 ar change the amount of such payments.
<br /> 10. Borrower Nat Reka�ed; Farbatr�ce By Lender Not a Wti�er. Extension of the time for payment or
<br /> madification of amortization of the cums sseuffc� by this Security Instrument granted by Lender to any successor in
<br /> interest of Borrower shall not operate su release the liabilety Nf the original Borrower or Borrower's succcssors in interest.
<br /> Lender shsll not be required to coinmence proceedings agair�st any successor in interest or refux to extend time for
<br /> pa�yment or athcrwise modify amortiration of the sums securad by this Security Instrument by reason of any demand made
<br /> by the original Borrower or Borrower's sucetssors om intereat.Any forbearance by Lender in eaercising any right ar remedy
<br /> shall not be a waiver of or preclude the caercise of any right aa remedy.
<br /> ll. Succe�ors and Aai�Bound;Jaiut aad Se��rnt Lability;Co-sigaers. The covenants and agraments of
<br /> this Socurity lnstrument shall bind and benefit the successars and acsigns of Lender and B�orrower.subject to the pro�isions
<br /> of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Borrower who casigns this Security �
<br /> Instrument but does not eaecute the Note:(a)is co-signing this Security Instrument only to mortgage.grant and convey
<br /> itifii�iivi+%ci'S iti2cicSi ii'aii8 i P�}'+cj2j%iiu41ci iuc acaivS Oi iaii5�u"c9'.iiiaiy iilSiiuTc"iri:�v!iS 7iCii�'ia-.ist"iSBi=f tS1}{i�o2w i8�'i"af
<br /> the sums secured by this Security Instrumen�t;and(c)agrees that Lender and any other Horrower may agrce to eatend,
<br /> modify, forbear or make any accommodations v��ith regard t�the terms af this Security Instrument or the Note without
<br /> that Borrower's consent.
<br /> 12. Lofm C'bftrges. lf the loan secured by this Security Insgruea�ent is subject to a law which sets maximum loan
<br /> charges. and that law is flnally interpreted so that the intqsest or other loan charges collected or to be collected in
<br /> connection with the loan exceed the permitted Gmits, then: (a)any sa�ch loan charge shall be reduced by the amuunt
<br /> necessary to reduce the charge to the permitteci Iimil;and(b)any sums already collected from Bonawer 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 Nate or by making a diroct payment to Bonowcr.lf a refun�reduces principal,the reduction will be treated as a �
<br /> partial prepayment without any prepayment chargr urcder the l�ote.
<br /> 13. LeQislatlon AReeting Lender's Rights. 1f enactment oc expiration of applicable laws has the effect oP
<br /> rendering any provision of the Note or this Security Instru�escQ unenfareeable according to its terms,Lender.at its option,
<br /> may require immediate payment in full of all sums secured bp this Stcurity Instrument and may invoke any remodies
<br /> _ permitted by paragraph 19. Ii Lender exercises this option,L,tnder shaal ta[ce the steps specified in the secvnd paragraph of
<br />. ' paragraph 17.
<br /> 14. Noticeei. Any natice to Borrower provided for.in t�his Security Instrument shall be given by delivering it or by
<br /> mailing it by first class mail unless applicable law requirex use of another method. The notice shall be directed to the
<br /> Property Address or any ather address Borrower designates bg 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 Lendes designates by notice to Borrower.Any notice
<br /> provided for in this Security Instrument shall be deemed to have been give�to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Governing Lan;Severability. This Security Instrument shall be governed by federal law and the law of the
<br /> , jurisdiction in which the Property is located. ln the event t�at any provision or ciawse of this Security Instrument or the
<br /> Nott coaflicts weth applicable ls�v.such con@ict shal!noi affect other provisions of itaes Secur'tty Instresment or the Note
<br />, � which can be given effect without the conflicting provision.Ta this end the provisions of this Sec�rity Instrument and the
<br /> � Note are declared to be severable.
<br /> 1 16. 8orrower•s Copy. Fbrrower shall be given one conformed copy of the Noie and of this Security Instrument.
<br /> 17. Tr�nsfer ot the Property or A Beneflcid Interest in Borrower. If al!or any part of the Property or any
<br /> • interest in it is sold or trautiferred(or if a beneficia)interest in Bonoweq isso3d ar trans6evred and Bonower is not a natural
<br /> person)without I.ender's pnor wntten con�ent, Lender may,at its opti��,require imro�ediate payment in full of all sums
<br /> ' seeur�d by this Security Imtru�nrnt. Nowever, this aption shall not be exe��eised by Lendec if exercise is prohibited by ,-_L ____
<br /> federbl luw as of the dute�►f th�s Serunty Rnstrument. .
<br /> If Lencler exerc�tie�th�ti�+p��em,l.ender shall give Borrower notice af aecrleratia�.The notice shall provide a period
<br /> of not letis thnn 30 dayc frnm�hc date the notice�s delivered flr mailed within whech E�osrow�er�ust pay all sums secured by �
<br /> � th�s 5ecunty Instrumcnt. If li��rrowcr fails ti�pay these sums prior to theexpiration o6this peaaod.Lender may inv��keany
<br /> ' remedte�prtmNted hy t hiti Seeu��ry Intitnunent without further notice or demand on Borrowec. �
<br /> 19. Hurrower'a ItiRht lo lte(nxt�te. IP 13nrrnwer meets certain candati�ins�Bosrow•er saatl have the right t�� havc
<br /> � enturcement��f'tinti 5ecunty Inti�run�ent di�cununued t+t any time prior to the earlieco.`•fa)'�ays(or such other peri�xi as
<br /> appl�cable I;�w m.�y �pecif� (nr ic�mt;�temeii�1 hefure�ale c�f'the Property pursuans eo any pc*wrr of tiale amta�ned �n thi�
<br /> StCUflly IIItililltlltlll:n! (��I l'll(fY U��i)udgment cnf�,rc�ng thi�Security is�crr�imernt.Th�use cunc�.=.►ons ure that Fi�,rri,wcr.
<br /> (a) pay� I.rn�ler ,�II runi� whi�h then w��uld he due under this Securit}� [t�strument �nd the tiote had n�� arcrierati�m t�
<br /> �x:currcd. 1►+l c�nr� iiii} deL�uh ��f ;�uy �,thrr �u�ruautti ur ugreements; (c1 iray�s ac� ex�entie. is:curred u� enforrin� t�iiti ��
<br /> 5r�utiir iml�u�ncni, m�tu�in�E�. hut nnt iimUeii in, rr�+runahie aUorneys' fees: an� fdi ta�eti .uch ac�um ati Lend�r may , .
<br /> rea�nnahly re��une tn .�tirure tl�;�l thr lict� ��t ihiti ticcurny InStrument. l.crr5et'S si�t!�:, �n thc F'rciperty and li„rrc�ucr'� r, „
<br /> i�hhKau�m tn ��a� thc ,uniti �c�nrrJ hy thi` �r�un�� intitrumcnt sh�il cnntst�ur. :.:a.yl.tr,ged 1'pun re�int�atrinrnt hy
<br /> H��►rnwer.th��tis�t uii1� I��.uu�nrt��,i�i�! �lir��F,IiF;atumti tici:ured hereby.hall re�n�m'.u;�: c!�ecr.^.cr•a�if n�,ac�cler:Ui�+n h:�d
<br /> �- j ��� urr�•c1 Il��wr��i �h��ii�;hl 1��tt•ur,tf�tr rh��l!nul�����,ly in thecace��f atccler.�l;� v .;a,�,e� }^.�^;aFr.+.�.hti I;„t 1'
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