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<br /> . . . 89-"����634�
<br /> � if 4ender rcquired martgage insurancr as a condition ot'making the loan secu�ed hy this Srcurity Instrumtnt,
<br /> Horrower shall pay the prcmiums�equired ta maintain tho insurance in eflcct until such time as the rcquirement for the
<br /> insurance terminates in accordanae v�ith Sarrower's unA Lender's w°ittcn agrcement ar applicable law.
<br /> 8. Inspectlon. Lcnder or its agau may make reasonablc entries upcm and inspections af the Praperty. Lender
<br /> shall give Barrower natice at the time oPor prior to an inspection speciPying reasonable caux for the inspectian.
<br /> 9. Condemnation. The proceeds of�ny award ar claim for damages,dircet or cansequential,in connectian with �.
<br /> ' any condemnation ar other taking of any pan of the Property.or for conveyance in lieu af cvndemnatian, are hereby
<br /> ; assigned and shall be paid ta Lender.
<br /> � In the event of a total takins of the Property, the proceeds shaU be applied to the sums secured by this Security
<br /> � Instrument,whether or not then due, with any excess paid to Borrower. In the event of a panial taking of'the Property,
<br /> unless Borrower artd Lender otherwise agree in writing,the sums secu�ed by this Security lnstrument shall be reduced by
<br /> , the amount of the proceeds multiplied by the following fra,ctian:(a)the tatal amount of the sums secured immediately
<br /> � before she ta�Cing.dividcd by tb)the fair market value of the Fraperty immeciiatefy bei'ore the iaking.Any balance�hall ix
<br /> ; paid to Borrower. '
<br /> , lf ihe Propeny is abandoned by Borrower,or if.after notice by Lender ta Horrawer that the condemnor af�'ers to
<br /> make an award or settle a claim far damages,Banower fails to respond to Lender within 30 days after the date the nptice is
<br /> given,Lender is autharized to callect and apply the prceeeds,at its oplion,either to restoration or repair of the Property or
<br /> to the sums secured by this Security Iastrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agrce in writing,any application of praceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borrower Not Released; Forbearaace By I.ender Not a Waiver. Extension of the time for payment or
<br /> � modification af amonization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> � interest of Barrower sha1)not operate to release the iiability af'the ariginal Bottower or Borrower's successars in interest.
<br /> . Lender shall nat be required to commence proceedings aRainst any successor in interest or refuse to extend time far
<br /> � payment or aiherwise modify amortization of the sums secured by this Security Instrument by rea�on of any demand made
<br /> ` by the origina)Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising any right or remedy
<br /> ' • shall not be a waiver of or preclude the exercise of any right or remedy. • ,
<br /> � Il. Sueceawrs ar,d Assigas Hound;Joint and Several Llability; Casigners. The covenants and agreements of
<br /> ', this Security lnstrument shadl bind and benefit the successors and assigns of Lender and Borrower.subject to the provisions �
<br /> � of paragraph 17.Borrower's covenants and agreements shall be joint and several.Any Bovrower who casigns this Serurity `-:'�
<br /> � Instrum=nt but does not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant andcanvey �.==�
<br /> ; that Borrower's interest in the Property under the terms of this Security Instrument;f6�ic not nertnnally nF�li�atevl r�naY _'�Aos`
<br />_ the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extrnd, �y��'�
<br /> modify.forbear or make any accommodations with regard to the terms of'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 subjeet to a law which sets maximum loan � -
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in .
<br />, connection with the loan exceed the permitted limits, then: (a) any such loan charge sha1) be reduced by the arriount =
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected fcom Borrower which exceeded
<br /> , permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principa➢ owed �
<br /> � under the Note or by making a direct payment to Bbrrower.If a refund reduces principal,ihe reduction will be treated as a •
<br /> '' partial prepayment without any prepaymeni charge under the Note. �
<br /> ; . l3. Legisladon Aftecting Lender's Rights. If enactment or expixation of applicable laws has the effecl 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 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 in the second paragraph of `
<br /> . . paragraph U. � , ,`,�;
<br /> 14. Notices. Any notice to Horrower provided for in this Security lnsfrument shall be given by delivering it or by 1:_.�
<br /> � mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the ' ��
<br /> � Propeny Address or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by '
<br /> first class mail io Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice ��
<br /> provided for in this Security lnstrument shall be deemed to have been given to Borrower or Lender when given as provided �
<br /> in this paragraph.
<br /> � 15. Governing I,ow;Severability. This Security lnstrument sha11 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 Securiry Instrument or the
<br /> Note conflicts with applicable law,such confliet shall not afTect other pravisions of this Security Instrument ar the ;Vote
<br /> � ; which can be given efi'ect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are dtclared ta be severable.
<br /> 16. Bonower's Copy. Borrower shall be given one conformed copy of the Note and of this Security ]nstrument.
<br /> I7. Transfer of the hroperty or a Beneficial Interest in B�rrower. lf all or any pert of the Yroperty or any •
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> � person)without Lender's prior written consent. Lender may.at i[s aption,require immediate payment in full of all sums �
<br /> secured by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by ____ _
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<br /> ederal law as of the date of this Security lnstrument. �
<br /> If Lender exercises this option, Lender shall give Borrower notice o1'acceleration.The notice�hall provide a period �
<br /> of not less than 30 days from the date the notice is delivered or mailed within which B�rrower must pay aU sums serured by
<br /> this Security Instrument. IP Borrower fails to pay these sums prior to the expiratiori of this period, 1..4nder may invoke any �
<br /> remcdies permitted by this Security lnstrument without further natice ar demand on Borr�wer. i
<br /> 18.Borro�er's Right to Eteinst�te. If$orrower meets cerlain cond�U�ns.Bormwcr tihall have the ngi�t to havr �
<br /> enforcement of this Security Instrument discontinued at apy time priar to t he earlicr c►f.(a)5 day�(�,r Such other pen��d a�
<br /> L app)icable law may sr►ec�fy for reinstatement)before s.91e of the Property panuant tc� any Ex��ticr �,f tialc cunt.,u,cci in thi,
<br /> 5ecunty instrumenl;ot(b)entry of a�udgment enforcmg this Secur�ry Instrument "Chose cunditinn,arr that l;��rrvwcr
<br />� (a) p�+ys Lender aU tiumc wh�ch then would tu: due under this 5ecunty In�trumcnt and thc Ni,�r haJ n�� a�rcicratro�i f�
<br />_ t�ccurred. {b)curel any ciefault of any other rovenants or agreementti; fc) r�ys all er.��eme. incurreJ iu enlnrc�nf, Iht�
<br /> 5ecunty Instrumcm, includu�K, but nal hmUed to, rca5�nable attorney,' feeti: and Id)�ake� .uch :�ruon .i� 1 �•i�.1rr !iiay �,
<br />, reasunaUly reywcr tn a�tiure that the lien ��f �h�ti Srcunty Instrumrn�, lxnder'. nght� in Ihc I'r�ireriy an�t It��rr��ti�cr'� ;�_
<br />. c�hl�gahiu� In pay the wrn. �ewred hy th�s Sccuruy lmtrument shall ce,ntn�ue u:i�h.mErJ t ��,ti ieu��i.ucrncnt b. �
<br /> Fl„rr�,wer.ihi.Sr�ur»y In+uurnent and�he ubl�gauc�ns�ecured hrrehy�hall ren,a►n�ully rflc<<�tie.��rt nn:�c�c�lri.�tu�n lia�1
<br />_ �K•eurre.ei H��ue�er.�hi.right t�►remctate St�all nui apply in theca.r��i acceier:ltl��I1 1111(�S'P('eref�r,,�+h� I 3��r 1''
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