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<br /> 89-- 106609
<br /> � If LendGr required mon���e insunnGe ��a condition af mAking the loan secured by this Security lnstrument,
<br /> Borrowa shal!pay the praniums re�uired to maintain the insurance in eftect unti!such time as ths requirement for the
<br /> insaranc4 t•rmi�atcs ia arcordanc;.�rith Horrower'a and Lender's wtitten�;reement or applicable law.
<br /> S. les�eMlon. Lender or its a�ent m�y make rawontble ent�ies upon and inspecrions oP the Property. Lender
<br /> shall aiv�Borrower notice at the time of or prior to an int�per.tion specifying reasonabto cause for the inspection.
<br /> 9. Co�de�do�. The proceeds of any tw�rd or cl�im for dunsges,direct or consequentisl,in connection with
<br /> any condemn�tion or other akln�af�ny part af the Praperty. or for conveyance in lieu of condenanAtian, are hereby
<br /> aui�ned and thall be paid to Lender.
<br /> , 1n the event of�cot�l takiaj oP the Property� the proceeds shall be�pplied to�e suma secwed by this Security
<br /> Iaswment,Mhether or not then due,NItI1 ilfy C7ICCdf�Id t0 BOf�0tiVi1'. In the event of�pattial taking of the Property,
<br /> � unless Bonowrer and Lender othenvise�tra in wrritin�,the sums socured by thi�Security lnstxumerit shaU be reduced by
<br /> , the a�ount of the procoeds mnitiplied by the falloMin�f�action:(�)the total amount of the sums secured immtdiately
<br /> I bd'ore the takin�,divided by(b)the fair muket value of'thc�roperty immedietely before the taking.Any balance s�all be
<br /> ' p�id to Horro�ver.
<br /> If the Pruperty is abandoned by Horrower�or if,atter notice by Lender to Borrower that the condemnor offers to
<br /> � m�tice sn s�ud or settle a claim far dam�ges.Honower fails to rapond to Lender within 30 days after the date the aotice is
<br /> � , �iven,Lerida is authorized to collect snd apply the proceedi�at it�option,either to restore�tion or re�sir of tbe Property or '
<br /> to the sums aecured by this Security Instrument,whether or not thrn due.
<br /> � Unlesa I.ender and Harro�ver othcrwiae sgra in writin�,u�y�pplic�tion oP�roceeds to principai shall not eatend or �
<br /> ; postpone the due date of the monthly paymenu referrod to in pa�r��phs 1 and 2 or chsnge the amount of such psyments.
<br /> 10. HoROwer Not Released; Forbairaace By Lende� Not a Wd�er. Eatension of the time for payment or
<br /> modiflcation of amortiution of tbe sums secured by this Security Instrumeat granted by Lender to any successor in �
<br /> � intsrat of Horrower shall not opente to release the liability of the original Horrower or Borrower's successors in ie�terest. � �
<br /> LeAder ahall not be roquired to commence proceedings against any successor in interest or rctlise to extend time for
<br /> ptyment or othenvise modify amortization of the sums secured by this Security lnstrumtnt by reason af any demand made
<br /> by the orijinsl Horrawer or Bono�+er'a successars in intenst.Any forbesrance by l.ender in exercising any right or remedy
<br /> sh�ll not be a Naivu of or preclude the exerci:e of any right or remody.
<br /> 11. Sacceaors aad Md�uu Hou�d;Joiat aad Senr�l Li�bWty;Catipieri. The covenants snd agreements of �.
<br /> � this Security Inswment shall bind and beneat the successors and assig�ns of Lender and Honower.subjcct to the provisions . �
<br /> of psra�saph 17.Borrower's covenants�nd agreements sha11 be jolnt snd several.Any Borrower who co-signs this Security
<br /> � Instrument but doa not exxute the Note:(s�)is casigning this Security Instrument only to mortgage,grnnt and convey '.
<br /> that Horrower's interest in the Property under the serrns of this Security lnstrumrnt;(b)is not personally obligated to pay � . .
<br /> the sums secured by this Security Instrument;and(c)agrea that Lender and any other Borrower may agra to extend, • , �`='�_��
<br /> _ - �itGiiisji� =vP`ucali CiP Ilt�i�.t�y�G'GZJ�tlUl � ' — �••�L���J. L_.�. ..c :..e�.... �.i t...� � � ..��..,:� --
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<br /> that Horroaer's consent. ' -
<br /> 12. Lwa Cbar�. If the laan secured by this Sacurity Instrutnent is subgoet to a law which sets maximum loxn � � -
<br /> chuges, and that Isw is Snally interpreted so thst the interest or other loan chsr�rs collected or to be collected in
<br /> connection with the loan eaceod the permitted limits, then: (a) Any such loan charge shall be reduced by the amoune"
<br /> necessary to reduce the chuge to the permitted limit;and(b)any sums already collectod from Borrower which excoeded
<br /> . permitted limits will be refundal to Borrower. Lender may choos�to make this refund by reducing the principal owed �`—
<br /> under the Note or by makiag a direct payment to Borrower.If a refund reduces principal,the reduction will be treated as a ��
<br /> � partial prep�yment rvithout any prepaymrnt charge undcr the Nate.
<br /> 13. I.�LHon ARecNe� I.ender's Ri�hb. If enactment or expirAtion of applicable laws has the effect of
<br /> reedering my psovision of the Note or this Security Instrument unenforceable according to its terms�Lender,at iu option,
<br /> may require immediate payment in full of all sums secured by this Secunty Instrument and may invoke any remedies
<br /> permitted by puagraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragrap�,of • ��_
<br /> h 17.
<br /> �$14. Notloa. Any notice to Borrower provided for in this Security Instrument shall be givcn by ddivering it or by � r� '
<br /> mailing it by flrst class mail unless applicablt law roquires use of another method. The notice shall be directe� to the :�'�•
<br /> Froperty.+lddress or any other address Borrower designates by notice to Lender. Any notia to Lender shall be givm by `:,� '�;:.�
<br /> lirst cl�ss mail to Lender's address stated herein or any other address Lender designates b>>notice to Bonower.Any notice , '.-;
<br /> � provide�for in this Security Instrument shall be deemed to have been given to Bonawer or Lender when given as provided
<br /> in this paragraph. .
<br /> 15. Cgjeraing Law;Se�srabllity. This Security Instrument shall bs governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. ln the event that any provision or clause of this Security lnstrument or the .
<br /> ' Note conflicts with applicable law,such conflict shall not a�'ect other provisions of this Security Instrument or the Note
<br /> which can be given effxt without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> ' Nate are drelased to be sevcrable.
<br /> . 16. Borrowe�'s Copy. Borrower shall be given one conformod capy of tha Note and of this Security lnstrument.
<br /> 17. Tramfer ot tlk Property or a Heneflcial Interest in Borrowe�. lf all or any part of'the Pro�erty or any
<br /> interest in it is sold or transferred(or if a bcne8cial interest in Bonower is sold or transferred and 8orrower is not a natural .
<br /> person)without Lender's prior written consent, Lender may.at its option, require immed�ate payment in ful)of all sums �
<br /> secured by this Security lnstrument. However, this option shalf not be cxercised by Lender if exercise is prohibited by
<br /> federal law as of the date of this Security Instrument.
<br /> —= If Lender eaercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period ;-_ _
<br /> : of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay ell�ums secured by
<br /> this Security lnstrument.If Borrower fpils to pay these sums prinr to the expiration of this penod, Lender nnay invoke any �
<br /> � remedies permitted by this Socurity Instrument without fnrther notice or demend on Borrawer. '
<br /> 18.Borrower's Ri�ht to Reiestste. If Borrower meets certain conditions, Borrower shall heve the right to have ,
<br /> enforament of this Security lnstrument discontinued at any time prior to the earlitr of:(p)S days(nr such other period as
<br /> applicable law may specify fot reinstatement)before sale of the Property pursuant to any power af Eale con�ained in this
<br /> L Security lnstrument; or(b)entry of a judgment enforcing this Security Instrument. Those condiuons are that �orrower: �
<br /> (a)pays Ltnder all sums which then would be due under this Security lnstrument and the Note had no accelerbtion
<br /> occuned; (b)cures any default of any other covenants or agreements; (c) pays ali expense+ �ncurred in enforc�ng ehis d
<br /> + Security lnstrument, including, but not limited to, reasonable attorneys' fecs; and (d) taketi surh Acti�n es Lender may �
<br /> reasonsbly require to assure that the lien of this Security Instrument, Lender's rights in the Pruperty and Borrower's �
<br /> obltgahon to pay the sums secuted by th�s Secunty lnstrument shali contmue unchangeci Upon rcu�s�atemrnt by .,
<br /> ' Borrower,this Secunty instrumem and the obligations secured hereby shali remaro fully eflecuve fiti if ne�uccelsrauon had �-4 ..
<br /> �---e occurred.However,th�s nght to retnstate shaU nat apply in the cese of accelerauun under p:►tagroph� 1�ur 1?
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