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<br /> ' ' " � 90-- 107468 :J=::�'___• , _r��.
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<br /> 1 A , If IRnder roquired martp�e in�uraeca a��condition of nukin�the lau��ecured by this 9ecueity Instrumrnt. y------- �
<br /> Borrower shall p�y the pranium�raquired to mainlain the insurance in e6ect until such dma�s Ihe�equir�anent for the "��°
<br /> � � Acable l�w. ��:,,.,,:=LL.- :,:. �—..
<br /> , inwauoe tmnin�ta in�oca�danca�v�th Borrower�md La�der�wMtten a�rament or�pp • , ..z.:
<br /> ° • �. I�etiw�. I,ender or its�t nuy m�ke rauonabie entries upon�d ia�pectiani of the Property. Lender �•—� _ �
<br /> -" - .. ., shaU�ive Barrower nutice�t the pme of m prior to an inspectioa specifying reasonable cause far the inapection. ` �''"�'""'_'_�—�_-
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<br /> y. Oo�dpiwqqi� 'Che prooee�a of any�wud or clum for dam�ga,direct or cun�equenti�l,in connxtion with � r.,�,-,. �,
<br /> any oondpnn�don or other takin�of�ny psrt of�be Property,or for convey�nce in lieu of condemnation,arc hereby . .... .L._.._,�..
<br /> usi�nod and shtll be ptid to i.ender.
<br /> '" ' • la tbe event of�tofal akinQ of the Property,the preoads slull be applied to tha 4um�aecured by tbit SecutitY Iy�, . •�.� •.•. .. .
<br /> Insu�ae�t,wrhetber or not then duc,�►1th�ny exceu paid to Borrower.ln the evmt oi'�pwtisl takins otthe PropM�►. � a:w;".�,... .,..
<br /> � . undps Hw�rower and Lmder otherwi�e a�ae ia�rnitin�.the swns�ecured by this SecuriRy Instrummt sh�l1 be reduood by .: •:; .
<br /> � � tbie aawuat of the prooeeds mulNpliad by tl�e foilo�ria�fnction: (�)the totxl amount d'�tae sums socured immodittdy I; .
<br /> � etfae the ulda�.divided by(b)t6e fair marlaet value of the Property immediately be�ore tMe Wcia�.An}r b�lana shaU be : .
<br /> . p�id ta Borrower.
<br /> 1�tbe Property it ab�ndo�ed by Horrower,or if.�fler notice by l.ender to Bonawe� tAat�he candannor offen to 4 .
<br /> • make aa avard or settle a cW m for d�msga.Borroaer fails to respond to Lender within�0 days aiter the date the rtoticx is
<br /> .' ,.i': ^ aivat.l.eader is aWi�orized to coUxt md�pply the proceeds.at itc optioa,eithe�to�estorauon or�Ai�af the Property or ...,. .
<br /> to t6e wmi secured by t6is Security Instrumeat.whether or not then due. � ;';{ ;�.
<br /> ' '-� Uakss I,ender and Borrower othenviss xg�+a in writin�,anY aPPlication of pro:eeds ro princi�a3 st�all not eatrnd or � -,,
<br /> • , ` � postpoae the due d�te of the manthly paymrnts referred to 6o par�grap hs 1 an d 2 or c hAnge t he amuunt ot such p s��ents• � ,'�`'`.�"�
<br /> �� :<:;;�;���"'�4 10. Bonower Not Rekred;Forb�ara�ce By Le�Ber Not a Wd�u. Extem�a+on of the time for payn�eeimc or A �
<br /> medi�cation of aasortiut�an of the sums secured by t0��s Security Inatrument granteY3 by I.ender to any succes�or i� � �"�
<br /> • intercst u{'9otmwrer shaU not operste to rekase xEwe lia�i08ty of the oriQinal Borrower or Bo►rower's euceesson in interest. �� .
<br /> 1.ender slup not be requirod to commence pm�.raeedings�ga�nat any succasor in interat or refwse to eatend time for • _, � _
<br /> m•
<br /> ' . psymeat or otlierwise modify amorti�ation of the sum�secured by this Security Instrument by reasar,nti any demend made ; �•�r •
<br /> t erw •
<br /> by the origina!Horro�ver or Horrower's succa�ors in interes�.Any forbearance by Lende�in exercising any ngbt or remedy _ F�.,�
<br /> . „ , sWU not be a waiver of or preclude the exercise of any right or ranedy. � ,�'� � `i,:��r..
<br /> � Il. SYCOmora�td As�i�s Bowd;Joi�t�ed Se�enl W611iq':C°'fiynen' The covenants and agramrnts of ,;, , ,' :+- -:
<br /> ' � th�Sacurity Instrument s1u11 Mnd and beae8t tho succeswrs and asaBes of Lender and Borcuwer,subject to the provisions �;�:�, ' •-
<br /> of puagnph 17.H�ower't covenant�and agreements sball be joint and sever.►I.Any Borrower who co-signs this Security r � :�.•, ..•:;-;��
<br /> ti,;�.
<br /> �� =-;.;:.-''=,= Inswa�ent ivui daea nat e�a�:uie ihe Note:(a)is co-s:gs�iag t4�is S=curity 4a9!rumes�t�r,1y r�,mortgage,grant and convey , . , �..��,:� ,_
<br /> �•;`''' ;:�. . r �ONt�orrower'�interest in the Pa�aperty under the terms ofi n�is Security Instrument;Qt+l is not personplly obligated rt�s pay ,: � �'�• •
<br /> , � the s�aons secured by this Security lnstrummt:and(cb agu�that Lender and any othrr�rrower may agree t¢+exaend, , ;,�� " �•
<br /> „ modify.forbear or make any accommadations wi�h regsud to the terms of this Secunt;�•lostrument or the Note wiihout � , ;.f: ;; •
<br /> � th�t Borrowu's consent. � , `.
<br /> ",A: 12, I.ao CLr�ea. If the loan secured by this Security Instrument is subject a a a law whic?�xts maximum lo�n , ,. „
<br /> . ,�•:: � eh�rga,u�d that laa is flnall �ote reted so that t6e interest or other loan chArres colketed or to be collecaed in I
<br /> Y ' rp ��•�- ',
<br /> eonnection aith the lou�exceed the permitted limits, then: (a) any such loan chs�rge shall be reduced by the armount I
<br /> naeessary to reduce the chuge to the permicted limit;and(b)any sums nlready colBected from Borrower which ezceeded .
<br /> permitted limits wiU be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed ,
<br /> under the Nule or by making a dircct paymrnt to Borrower.If a refund reduces princ�pal,the reduction will be treated as a , ;;
<br /> . � partid prepaymrnt without any prepayment charge under the Note.
<br /> �. 13. LeQidadoa Al�eetinB Lesder'e Rj�6t�. �f enactment or expiration of npplicable laws has the effect of
<br /> rendering any provision of the Note or this Secunty Instrument unenforceable according to i ts terms.Lender,at its option, �
<br /> �ruy require immedi�te payment in full of all sums secured by this Secunty Instrumen�and may invoke any remedies
<br /> permitted by puagraph 19.If I.ender eaercises thi:option,I.ender shall take the steps specified in�he second paragraph of
<br /> • ' paraQraph 17.
<br /> � 14. Notica. Any notice to Bunower provided ior in this Security Instrumem shall be given by delivering it or by
<br /> muling it by Rrst clsss m�il unless�pplicable lew rcquires use of another method.'Che notice shall be directed to the
<br /> �,•�:'' Property Addras or any other addrcss Borrower daignates by notice to Lender.Any notice to Lender shall be given by
<br /> ' titst class mail to Lender's address swted herein or any other addras Lender designates by naice to Borrower.Any notice
<br /> provided'for in this Security Instrummt shnll be damcd to have been given to Borrower or Lrnder whrn given as provided
<br /> '�� � in this�tiph.
<br /> � • 1S. G�teroinQ I.sw=SeteraWlity. This Secunty Instrument shall be governed by PederAl law and the law of the
<br /> �a�dsdiction in which the Property is located.ln the event that any provision or clauu of this Sccun�y lnstrument or the
<br /> Note conflicts with applicable law,such conflict shall not affect other provu�ons of th+s Security lns�rument o�the Note
<br /> which can be given e6xt without the conAixung provision.To th�s end the p�ovis�o�s of this Securney Instrument and the
<br /> � � Note arc dxlared to be severabk.
<br /> ;-,�. • �'� 16. Borrower't Copy. �c+nav►eP s�sali be Biven one confarmed copy of the No�e a�d�f th�s Secunty Instrument.
<br /> �: • 17. Truufer of tre Property a'a Heneflcitl Interat in Borrower. If a18 c+�r a�3 part nf�he Propeny or any
<br /> '�: yc�tecest in it is sold or transfecire�6or if a beneficial interest in Bonower�s sold or traoasf�e�rasi�nd Borrower is nw a natural
<br /> ' person)arithout Lrnder's p��r A�eitten consent.Lender may.ot ns opnon,reqwre o^,emcdiate payment in full cPaOl sums
<br /> secured by th�s Sccunty Instrument. However, thu oppon shull nat be eRerc�sc�i M��tnuer �f exercise is prohibited by
<br /> federal law asoti t�e alate of this Secunty lnstrument.
<br /> � If Lender exereises thes option,Lender shall g�ve Borrower notar uf accelerauon The noticr xhal)provide a persod
<br /> � o(not las than 30 days from tMe datt the notice is debvered or maded withm w•h�ch B�nr•wer mus�pay all sums secwced by
<br /> ; this Security Ins[rumrnt.lf Burrower fails to pay thae sums pnor to the eap�ration rt�:�nn penod,l.ender may�moY�e any
<br /> ' ' remedia verm�ncd by th�s Security Instrument without further nouce or demand on B�rrow�er. _ `.._L_..
<br /> • 1�.Ban�o�er's Riaht to Reincnte. IT eorrower meets cenam cona�u�ns,earro��r s.�ai:+�a.c���������.•�••-.-
<br /> entorcemeot oPtAn SecuntK Instrumenc�s�ontmued at any nme pnor to the earlser of•1�1 S daysl�x such other penod as
<br /> appi�caWe!a�may spe�sdy tc►r remscaeememtl be(ore sale of the Propeny purs�une to any power of sale conta�ned in this
<br /> Socunty Ir�strumean;a(bl eRtry af a lud�trnent enforcmg th�s Secunty Instrurt�ec�c Tllose condiuons are that Borrower.
<br /> . (a)pays Lender a!1 sun�s wEuch then aould be due under th�s Secunty Instromcmt and the Note had no acx'ekraih;
<br /> occurred; (b)cures any defau{t of any other covenants or agreements: Ic) pays all eapenses mcurced m enforcma
<br /> Secunty Instrument,mcludmg, but nw limited to,reasonable attomeys'kas;and(d)uka such action u Lender may
<br /> • reuombly rcquirc to assure that the lien of this Secunty Instrument, Lender's nghts in �he Property�nd Borrower's
<br /> � obligation to psy the sums securcd by this Secunty Instrument shall continue unchanged. Upon rnnstatement hY
<br /> i Bomower,this Secunty Instrument and the obligations Yecured hereby shall rem�un fully efTecuve as dno�ecelerat►on had
<br /> oocurred.However.this n�ht to reinsute shtll not�pply�n the case of accelerauon under par�gr�ph�I 3 or 17.
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