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<br />88- 101843
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<br />. If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance tenni.n,tcs!ri "accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. l..,ecuon. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrowernotiee at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation. are hereby
<br />assigri.:d and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall 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 partial taking of the Property.
<br />unless Borrower and Lender othe2wisc agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) tbe fair market value of the Property immediately before the taking. Any balance shall be
<br />prod to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers 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 is
<br />given, Lender is authorized to collect and apply the p~s, at its option, eithel" to restoration or repair of the Property or
<br />to the sums secured by thi!; Security Insfrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Bomtwer Not Released; ForbearaDce By Lender Not a Waiver, Extension of the time for payment or
<br />modi6cation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall nol operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to cll.tend lime for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason ofany demand made
<br />by the ori&inal Bonower or Borrower's successors in interest. Any forbearance by Lender in ucrcising any right or remedy
<br />shall nOC be a waiver of or preclude the exercise of any right or remedy.
<br />11. s.a:.-on'" Asmps &ud; Joint ud Scnral Ilability; Co-signen. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Le:nder and Borrower, subject to the provisions
<br />ofparqraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's int.eresl in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any acrommodations with regard to the tenns of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />U. Loa. a.q.. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />cbaraes. 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 shall be reduced by the amount
<br />necessary to reduce the clwJe to the permitted limit; and (b) any sums already collected from Borrower which ell.ceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the prbdpal owed
<br />under the Note or by makiq a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />putiIl pRpaymcnt without any prepayment charge under the Note.
<br />13. 1.&'.1", Atrectiila Le*rt. RiPtL If enactment or expiration of applicable laws has the effect of
<br />rmderina any provision of the NOCeor 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 panaraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />puqraph 17.
<br />I.. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delh'ering it or by
<br />maiIins it by fint class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property A.ddress or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />fint cbss mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or lender when given as provided
<br />in this panaraph.
<br />15. G4nenlialLaW; SetenhUity. This Security Instrument shall be 8m'erned by federal law and the law of the
<br />ju.rildiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be pven .eel without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrow." 0.,.. Borrower shall be given one confonned copy of the Note and of this Security Instrument.
<br />17. 1'rMIfIr of tile Property or e Baeftdall.terest i. Borrower, If aU or any part of the Property 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 />penon) without Lender's prior written consent, lender may, at its option, require immediate payment in full of all sums
<br />secured by thiilSecurity Instrument. However, this option shall not be exercised by lender if exercise is prohibited by
<br />fedenllaw as of the date of this Security Instrument.
<br />If LeDder eurciscs this option, Lender shall give Borrower notice of acceleration, The notice shall provide a period
<br />of not less thanJOdays from the elate the notice is delivered or mailed within which Borrower must pay all ~ums secured by
<br />this SecuriIJ InitnuPent. IflJofrowcr fails to pay these liums prior to the expiration of this period, lender may invoke any
<br />"lbIdies permitted by this Security Instrument without further noticc or demand on Borrower.
<br />II. "'~-4e1'dU"" to........ If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforalneat of this Security Instrument discontinued at any time prior to the earlier of: (a) S days (or such other period as
<br />appIic:ab&r law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security IllttnIJMnt; or (N entry of a judlffiCnt enforcina this Security Instrument. Those conditions are that Borrower:
<br />(a),.,. Lcnckr all sums which then would be due under this Security Instrument and the Note had flO acceteration
<br />occurnd; (b) cum an,. default of any other covenants or ....eements; (c) pays all expenses incurred in enforcing this
<br />Security Instrument, includin.. but not limited to, reasonable attorneys' fees; and (d) takes such action as lender may
<br />~y require to AllUre tM' the lien of this Security Instrument. lender's rilhts in the Property and Borrower's
<br />obIipIion to pay the IWftI ~urcd by this Security Instrument shall continue uuch.nlled. Upon reinstatement by
<br />Borrower, this Security Instrument and the obIiptions secured hereby shall remain fully effective as if no acceleration had
<br />occurred. Howner, this riabt to reinstate .han not apply in the case ofacceteration under paragraphs 13 or 17.
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