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<br /> � If l.ender requind mortpse imur�nee as�conditian of nukin�the lae secured by this Sccurity Instrumrnt. °���'••,�``ti
<br /> "' ' Borrower shdl pay the premivans requircd to msinlain the insunnce in eRect until such tima a the raquiranrnt for the ��� , -• , fi'�'
<br /> . inwr�nce tarmin�ta in�xordaece w le h B orcowrr'��n d l.r n d e P�M r ittm���amen t or�pp l i c a b le I iM. �
<br /> • ". �. I�eetlaa. I.ender or iu sjenl m�y m�ke ra�son�ble enlRes upan and inspections of the Property.l.ender �.e,_
<br /> • . thdl�ive Bonower�o�ice at tha�irnaofor peior to an in�pection spocifying reawnable cAUSe fot the inspection. . �'''`�'"°+""`�
<br /> , � , 9. Co�ie��doa. 'fhe pracads of�ny�waM or cl�im far danuges,di�ect or consoquencial.in connection with '��
<br /> ariy condemmtion or other talcln�of�ny paA of he Propehy,or for conveyance in lieu of cnndemrutian,src hercby � 5��
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<br /> � •• �c�i�ned�nd thall be paid to Lender. •1 :T 1s�4�,���.�!s"c;
<br /> In the avent of a total Wan;of Iha Propehy,the praceeds sh�ll be�pplied to the:urtu tecured by Ihis Security � : t• .
<br /> . � � lastrument.ahether or not then due, w�ith any excest p�id to Bo�ower.ln the event oP�p�rtul t�king ot the Property.
<br /> . . u�,Car BomoMer and Lender otherwbe�roe in w�iting,t6e aums sccurcd by this Security Instromrnt sh�ll be reduced by 1 ,
<br /> ..� t8�e amoun�of'the praxeds roukipded by the followinR 6u�ca6oe:(a)the toul amoueet oi'the sum:secured immedi�tely �
<br /> beEcx�e tLx t�kfaa.div�dad by(D��tbe hir nwket vdue oi tl�e PavQeruy inuutied.iately bef'ore nl�e calun�.Any bal�nce shRll be � .
<br /> , . p�id w HaroMer.
<br /> � � If t6e Property is ab�oned by Borrower.or ii afler aatice by 1.e�der to Bonroarer tha�ahe condemnor offers to �
<br /> � '' m�Gce ta awud or setUe�cl�im Po�d�m��a.Borrower fauls to respoad to Lender a�ithin 30 days afler tBe date the notia is
<br /> . pvm,Lender is authotited to colaect�nd apply the praceeds,�t its option,eilher to res�oration or repa�r oi'1he PropeAy or
<br /> � co 46e�ums secured by�hi:Secw�i�Ins�n►men�,whether or not then due. ,� ' `
<br /> Unte�I.ender and Borrow�ernthawise�rae in writin�,s�ny Applicetion of proceeds to principa0 sha10 oot eatrnd or ,
<br /> pastpone the due date of'the monthly p�yrtients�eferrod to in parsgraphs 1 and 2 or change the amount otsuch psymmts. ,
<br /> • 10. Borrow�r Not Rekned; Forba�nu�ee By I.e�wkr Not a Wd�er. Extension oP the time for payment or
<br /> � madi8cation of amortiution of the sums saured by this Security lnstrument granted by Lender to any sucassor in ,,
<br /> interat of Borrower slWl not operate to release the liability oithe original Borrower or Borcower's succasors in interest. ! �
<br /> l.ender ah�ll not be required to canmrnce proceedings agaamst any successor in intuest or rcfuse to extend tinne fo�
<br /> paymau or otherwise modify amortizatian of the sums secured by this Security Instrument by reason af'nny demand made -
<br /> by the odgind Borroaer or Horrower's tuccessors in intercst.Any f�r�uAece by Lender in eacrcis�o�any right or remedy ; �• �,
<br /> ahdl not be a aaiver of or preclude�he e�erciae of any right or remedy. + '
<br /> ��;' •�.;•.:.,. . 1�. Saccmon ud As�1�m Bo��d;Jolnt�ad Se�eral U��il,ity,Co-siQners. The covenantx and agreemmta oi ! �
<br /> ''� � �' this Sacudty Instrument shdl biad md benetit the auccason and assigns oP I.ender anea Gl��m�rawer,subjcet to the provisions
<br /> ��'.`�ri ti, =J of pangraph 17.Borrower's ca�enants md agreemrnts sh�ul�be joint and several.Any�u�.r�nwer who ca:igns this Security � .
<br /> �. Insirn�si but do�not eaxus:t'ht I`Iott:{a)is casi�siag ihis�urity l+�strument oniti•t�morlqage,gran�and convey '
<br /> that Horrower'�interat in the Property under the terms of this Securiq•Instrumcnt;(b)�s not per�n.allp obligated to pay
<br /> the sum�secured by this Security Instrumen�;and(c)agrees that Lend�r and any other Borrow-es mny agra to eatend, �
<br /> modify,forbar or m�ke any�ccommod�►tions with regard ta the terms of this Securny Instrumrnt or the Nose w�Ahout .
<br /> � that Borrower's consent. I •
<br /> i12. Wan CharQe�. If the loan secuad by this Security Instrument is subjeti:t to a law which ses ma�eimum loan � . ,
<br /> chuges. and that law is Bnally intcrpreted w that the interest or othes loan charges collec�ed or to be collected in
<br /> � connection aith t0���an racad the permitted limits,then:(u)any s�:ch han charge sfiall be rtcluccd by the amount
<br /> nocasary to reduce'tbe charga to the permitted limit;and(b)any sums�1rPady collected from Bnrrowtr which exceeded ; i
<br /> permitted limits will be refu�ded to Borrower. Lender may choose to make this refunJ h} reducing the principal owed
<br /> , , under the Note or by meking a direct payment to Borrower.lf a reFund reduca principal,the reduction will be treated as a , , .
<br /> putial prepayment without any prepayment charge undcr the Note.
<br /> "., 13. Leglsl�tioa ARecting Lender'� Rigbt�. If enactment or expiration of applicable 9aws has �he eflect of
<br /> rendering any provision of the Not¢or this S�carity Instrument unenforceable according�o its terms,�.ender,at its option, , .
<br /> may require immediate paya�Tnt in full of all sums secured by thi�Secunty Irestrument and may invoke any rcmedies ' •';;.,
<br /> permitted by paragraph 19.13�l.en�ler exercises th+s option,Lenxfer shall take[he steps specified m the second parag�uph of . ,i,:�,;,
<br /> � paragraph 17. ' ' �, . • ,�.
<br /> ' 14. Notices. Any notice to Borrower provided for in this Secunty Instrument shall be given h}•delivering it or by �,<
<br /> , ,', � � �nailing it by flzst class mail unless applicuble law requira use of another method. The notice sfiall be directed to the ' '"�;
<br /> ;;: ;;iti;;:. Property Address or�ny other address Borrower designates by notice tn Lender.Any notice to Lmder shnll be given by
<br /> ;�:� Rrst class mail to Lender's address stated herein or any other address Lender daignates by nouce to Borrower.Any notice
<br /> �:;,.;,;" � pmvided ibr in this Socurity Instrument shal l be damed to have been gwen to Borrower or Lender when given as provided
<br /> in this para�raph.
<br /> IS. Cqfernia4 Law;Se�er�bility. This Security Instrument shall be governed by federallaw and �he law of the .
<br /> jurisdiction in ahich the Property is located.ln the event that any provision ar clauce oP this Securiiy lnstrument or the
<br /> f Note conflicts with applicable law,such conflict shall not affect other provisions of this Security ]nst rument or the Note
<br /> which can be given effect without the conflicnng provision.To this end the prov�s�ons of this Secunn•]nstrument and the
<br /> ����: ;Vo�e are declared to be xverable.
<br /> '•_ti.�,t�'' �,,;:; 16. Bonower't Copy. Borrower shall be given onr co�sformed cop�•of the Note and of this Secnrity Instrument.
<br /> � • � 17. TrnmTPr ot the Property or a iieneflc(ol Interest in Bwr�wer. If all ar any part ef the Property or any
<br /> E
<br /> , • , interest in it is sold or transkrrad(or i 3a t+�nefic�al interest in Borrnw er>>s�;c'�r transferred and Borr�wer is not a natural
<br /> �` � person)withoat �.ender's prinr w•ritt,en c�nse��t. 3.ender may.at ns op»nn, require immedia�e paHment in full of all sums , ,
<br /> . • secured by th�s Security Insrrumem. �1nR�e�er, th�s opuan shall not be exereised?�� Ltnder if enatcose is proh�bite�by
<br /> federal law as of the date of t�h�s Srsun z�l r.s s rum ent.
<br /> If Lender exereises this opt�on.Le�d er sha�i g�a�t 6Grrrow•er notice of acrelerat�on.The no�a�:e s�aS!provide a period , •
<br /> of not las thu�30days Prom thedate the c��ti:e i::.��l�verod or maded w�eahm w h�ch Hormwer musx t�ay n:lsums secured by '
<br /> this Security InsRroment,If Borrower fads t�Fa}•these sums pnor to the eapiranon of this penod.�un:;=r may invoke any
<br /> ' temedia permitaed by this Secunt y Instrument wilhoue f�rther not�ce or demand on Borrower '
<br /> � 18,Hwrower'f WQ3t to Relostate. 11 tlorroa•er meets cenam cond�nons, tforrower+naie o�ve ene ngn��v na.c
<br /> ertforcement ef this Secun�y Ins�rument d�scontinued aa�nq time pnor to the earlier of.(a)S days�or such other penod as
<br /> applicable IaW rmay specify tar re�nstatemero�lbefore sale of the Propeny pur�uant to an�•power�(s�lecontamed m thn
<br /> : .� Secunty InstrumeRt or(b►eotry of a�ad�erot enforcmg this Secunq• Instrument.Thox mnd�rrons are thu Borrower:
<br /> � (a)pays Lender all sums whcch thert rmufQ be due under th�s Secunty Instrumrnt and Ihe��te had no accelerahon
<br /> occurrcd:(b)curcs any defaalt of u►y atFr�er cervenanes or agramenb: (c)pays all eapenseti mcurred m enforc�ng th�s
<br /> Seeunty Instrument.�ncludmg,but not l'eaut.ed to, rusonabte attomey.s'fees:and(dl takes �uch acnon as Lender may
<br /> rasonably reqwrc to assure th�c the Iren e�f th��a Sccunty Instrumem. Lender's nghts m the Propehy and Borrower's
<br /> obliwtion to pay the sums sesured by tf��Y 5ecunty Instrument tihall connnue unchanged. Upon reinstatement by
<br /> Horrower,this Secunty Instrume�t�nd rhe��hliganons secured hereby chall remam fully effect�vc as d no accelerat�on had
<br /> aeeutred.However,this n�ht to reinspte shall not apply m�he cax of accelerauon under paregraphs I 3 or 17.
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