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<br /> r 89=10629 _a_
<br /> 1 1f I.ender rcquired moct�sgt insuance a�a conditian of m�king thc la�n �ecured by thia Sccurity I�strument,
<br /> Borrowcr shall pay thc premiums rtquirM ta truint�in the insurancc in effect until auch time as the rcqulrement for the
<br /> insurance tertninates in accardance with Horro�rer's�nd l�ender's written agtament or�pplicuble lAw.
<br /> a. IaspecHoa. I�ender or ita saent msy make rwonablo entsies upon and inspectiona of the Property.Lcnder
<br /> �hal!give BorroMer�otice at tbe time of or prior to an i�tspoction speci!'ying ressonabte cause for tha inspection.
<br /> 9. Co�dea�aHon. The pracoeds of any award o�eldm for damage�,d'uect or coaseyuential�in cannection with
<br /> any condemnation or other taking of any put of the Properry, or far conveyance in lieu of candemnation, �re hereby
<br /> �ssigaed and shsll be pdd to I.ender.
<br /> In the event of a total taking of the Property,the proceeds ahall be applied to the sums tecured by this Sacurity
<br /> Instrument,whether or not then due�wlth any eaceas paid to Horrower.In the event of a psrtial taking oP the Property,
<br /> unless Borrower and Lendcr oWerwise agra in writing,the sums secured by this Security Instrument shsU be reduced by
<br /> ; the amount oP the proceeds multiplied by the following fraction:(a)the tatal amount of the sums secared immediAtely
<br /> ; before the t�king,divided by(b)the fair market vslue of the Property lmmediately before the taking.Any balance sh�ll be
<br /> paid to Borrower.
<br /> If the Property is abandonsd by Horrower,or if.afta notice by Lender to Borrower that thc condemnor oft'ers 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 i�
<br /> � given,Lender is authorized to collect and apply the procads,at its oprioa,either to restoration or repair of the Property or
<br /> to the sums secured by this Sccurity Instrumcnt,whether or not then due. .
<br /> Unless Lender and Borrower otherwise agroe in writing�any application of procads to principal shall not extend ar
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such paymenta.
<br /> 10. Borrower Not Relaaed; Forbeanuce By Lender Not a Wdter. Eatension of the time for paytnent or
<br /> modifcation oF amortization of the sums secured by this Security lnstrument granted by Lender to any successor in
<br /> interest of aorrower shall aot operate to release the liability of the original Borrower or Bonower's successors in interest.
<br /> � Lenda sl�all not be required to commence proceedings against any successor in interest or reti�se to extend time for
<br /> , paymeat or otherwise modify xraortization of the sums secured by this Socurity Instrument by reason of any demand made
<br /> ; by the original Borrower or Bonower's successors in interest.Any forbearance by Lender in exercising any right or remedy . -
<br /> shall not be a waiver of or preclude the excrcise af any right or remedy. � ;
<br /> ii. Su¢casas od Atd�uus Bouad;Joint and Se�eral Liability;Co�igners. The covenants and agreements of .
<br /> this Secwity Instnunent shall bind snd benefit the suceessors and assigns af Lender and Borrower,subject to the provisions •
<br /> of pangraph l7.Borrower's covenants and agraments shall be joint and several.Any Borrower who co-signs this Secarity � : .
<br /> Instrument but daes not execute the Note:(a)is co-signing this Security Instrument only to mortgage,grant and convey -
<br /> _i�;��.�
<br /> iiu�i aonvwer's iniertsi in inc rroperty under tne ierms oi this�ecurity instrumrnt;(b}is not petsonaliy obiigaton to pay --
<br /> ` the sums secwed by this Socurity lnstrument;and (c)ageav that Lender and any other Borrower may agree to extend, �����"
<br /> ' modify,forbear or make any accommodations with regard to the terms of this Socnrity Instruraent or the Nate without
<br /> that Borrowu's consrnt.
<br /> 12. Loaa Charga. If the loan secured by this Security Instrument is subjoct to a law which sets ma�cimum loan '
<br /> charges. Rnd that law is 8nally interpreted so that the interest or other loan charges collected or to be collectod in ,,
<br /> connection with the loan eacad Eho permitted limits, then: (a)any such loan charga shall be reduad by the amount •i
<br /> necessary to redua the charge to the permitted limit;and(b)any sums already coltected 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 reduces principal,the reduction will be treated as a �
<br /> � partial prepayment without any prepayment charge under the Note.
<br /> � 13. LeQitlation A![ecting I.ender's Ri�LLts. If enactment or eapiration of applicable laws has the effect of �
<br /> ' rendering any provision of 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 securod by this Security Instrument and may invoke any remedies `
<br /> � permitted by paragraph 19.If Lender exercises this option,Lender shall take the steps spocified in the second paragcaph of � �:
<br /> P�aS�Ph 17. '� `
<br /> ' 14. Notttes. Any notice to Borrower provided for in this Security lnstrument shall be given by delivering it or by !�;'
<br /> mailing it by flrst 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 addnss stated herein or any other address Lender designates by notice to Borrower.Any notice
<br /> providai for in this Security lnstrument shall be deemed to have been given to Borrower or Lender when given as provided ��
<br /> , inthisP�S�Ph•
<br /> � 15. Gorerning Lw;Se�erability. This Security Instrument shall be governed by federal law and the law 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 ax�Sicts with applicable lsw,such conflict slsal6 not at�'eci other psavisions oF this Security Iristrus�eat as thc Natr
<br /> � which can be given effxt withoat the conflicting provision.To this end the provisions af'this Security Instrument and the
<br /> : Note are declared w be severable.
<br /> � 16. Bore�owe�'s Copy. Borrower shall be given one conformod copy of the Note and of this Security Instrument.
<br /> ; i� Transter ot the Property or a Beeeflcial Interat in Bonower. If all or any part of the Praperty or any
<br /> , interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred-snd Bonower is not a natural
<br /> person)without Lender's prior written cansent, Lender may,at its option,require immediate payment in full of all sums
<br /> seeured by this Secnrity Instruriment. However, this option shall not be eaercised by Lender if exercise is prahibited by
<br /> federal law as of the date of this Security Instrument. ' -�
<br /> If Lender exercises this option,I.ender shall give Borrower notice of acceleration.The notice shall provide a period
<br /> of not less than 30 days from the date the noticc is delivered or mailed within which Borrower must pay all sums secured by �
<br /> this Secnrity Iastrument:If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any ' �
<br /> rtmedies permiitad by this Security Instrumti�t without further noiico or demand on Borrower. �
<br /> ls.Borrower'a Ri�ht to Reinztate. if Borrower mcets censin conditions, Borrower shall have the right to have `
<br /> enforccment of this Security Instrument discontinued at any time prior to the wrlier of:(a)5 days(or such other period as
<br /> � applirable(aw may sptcify for reinstatement)bcfore sale of the Property pursuant to any power of sale contained in this
<br /> Secur�ty Instrument;or{b)entry of a judgment enfarcing this Security Instrument. Those conditions are that $orr�wer:
<br /> (a)pays �.sndtt al{ sums which then would be due under this Security lnstrument and the Note had no acceleratian n,
<br /> oeeurced; (b)eures any dePault of any other covenants or agreements; (c) pays all expenses incurred ii� enPorcing this �
<br /> Sseurity Iastrusnens, inrluding, but not limited tn, reasoneble attorneys'fees; and (d) takes tiuc}� activn a, t,endcr may �
<br />_ ressonably reyuire t�assure that the lien of'this Security instrument, Lertder's nghts in the Praper�y and Bnrroe.er's y'r
<br /> Ublig�tion tn pay ehe sums urured by Ihis .�',uurity lnstrument shaU continue unchen�ed. Upun reinstatement by �
<br /> Rorruwer,thts$ecurity Imtrument and the obligations secured hereby shall rtmain fully effe�:t�ve as if nn a.:celeraUOn had
<br /> c►ccutred.However,thts nght tu rcinslt�te�hall nat�pp1y in the case of acoelcr�tirin under paragraphs 1�or 17
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