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<br />88-
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<br />102337
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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 10 maintain Ihe insurance in effecl until such lime as the requirement for the
<br />insurance terminales in accordance with Borrower's and Lender's written agreemenl or applicable law,
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property, Lender
<br />shall give Borrower notice al 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 Ihe Property, or for conveyanc~ in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender,
<br />In the event of a lolal taking of the Property, Ihe proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, wilh any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this SecurilY Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the 1(1:" ?'Tlount of 1111: sums secured immediately
<br />before the taking, divided by (b) the fair market value of Ihe Property imme~':dj,,!y i>~fore the taking, Any balance shall be
<br />paid 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 aulhorized to collect and apply the proceeds, al its option, either to restoration or repair of the Prop..-ny or
<br />10 the sums secured by this Security Instrument, whether or not Ihen due.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall nOl 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. Borrower Not Releued; ForbearaDce By Leader Not 8 Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate 10 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 extend time for
<br />payment or Olherwise modify amortization of the sums secured by this Security Instrument b)' reason of any demand made
<br />by the original 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 />11, SIICCe80n IJId Assips Bound; Joint and Se"eral Liability; Co-signen. The co\'enants and agreements of
<br />Ihis Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject 10 the prO\-isions
<br />of paragraph 11, Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Securit)'
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mongage. gr;mt and convey
<br />thai Borrower's interesl in the Property under the terms of Ihis Securily Instrument: (hI is not pen;onally obligated to pa)'
<br />the sums secured by Ihis Security Instrument: anc. (c) agrees that Lender and any other Borrower may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note v.ithout
<br />that Borrower's consent.
<br />12. Lou CItaraes. If the loan secured by this Security Instrumenl is subject to a law ",'hich sets maxtmum 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 pennilled limits, Ihen: (a) any such loan charge shall be reduced b)' the amount
<br />necessary to reduce the charge 10 Ihe permitted limit; and (b) any sums already collected from Borrov.'er which exc:ceded
<br />permitted limits will be refunded to Borrower. Leoder may choose to make this refund by reducing the princifUI o",-cd
<br />under the Note or by making a direct paymenllo Borrower, If a refund reduces principal. the reduction v.ill be treated as a
<br />partial prepayment without any prepayment charge under the Note,
<br />13. Leaftlati"" Aft'mlnl Lender's Riehts. If enactment or eJlplr:uion of applicable 1.",'5 Iw. the effecl of
<br />rendering any provision of the Note or this Security Instrument unenforceabh: according to its lenns. lender, 3tlts option.
<br />may require immediale payment in full of 311 sums secured by this Securit)' Instrument and Ola)' in\'oke any remedies
<br />permitted by paragraph 19. If Lender exercises this oplion. Lender shall take the steps specified In the second paragraph of
<br />paragraph 11.
<br />14. Notices, Any notice to Borrower provided for In thiS Secunty Instrument shall be glveo by deli\'enng it or by'
<br />mailing it by fint class mail unless applicable law require!> use of another method The notice shall be directed 10 the
<br />Propeny Address or any olher address Borrower designates by notice to Lender. Any nOllce to Lender shall be gi\-erI b)'
<br />first class mad to Lender's address stated herein or any other address Lender desIgnate!> by notice to Borro.....er. Any notice
<br />provided for in thiS Secunty Instrument shall be deemed 10 ha\'e been gl\en 10 Borro,,'er or Lender ,,'hen given as provided
<br />in Ihis paragraph.
<br />15. Go"emlq Law; MwcnbilllY. This Securily Instrument shall be go\'emed hy federal law and the law of the
<br />Jurisdiction in whIch the Propeny IS located, In the event thai an)' pro\'lslon or clause of thiS Secunl) In'lrument or Ihe
<br />Note conllicts Wlth applicable law, such conllict shall not affect other provisions of thiS Secunly Instrument or the Note
<br />which can be given elf~"Ct wltliout the confticting provision. To this end the provisions of this Seeunl)' Instrumenl and the
<br />NOle .re declared to be sc\erable.
<br />16, Borrower'. Copy, Borrower shall be given one conformed copy' oflhe Note and ofthl' Secunty Instrument
<br />17. Tnafer of lite Propeny or a Benefld811nteresl in Borrower. If all or any' pan of the Propen) or an)
<br />Interesl In illS sold or transferred (or if a beneficial interest In Borrower is sold or transfcrred and Borrower I' nOI a natural
<br />person) without Lender's pnor wnllen con!oCnt. Lender may, at its oplion, reqUire immediale payment In full of all ,urn'
<br />!iCCured by Ihis Security Instrument. However, this opllon shall nol be ellerclsed by Lender If cllerc"c I' prolllblled b)
<br />federalllwas oflhe date of this Security Instrument.
<br />If Lender exercises Ihls opllon, Lender shall give Borrower nollce of accelerallon. The lIotlce ,hall rr", ,dc 3 ""nod
<br />of no I less than 30 days from the dale the nolice is delivered or mailed Within which Borrower mu,t ray all sum' "......url'tl by
<br />Ihis Security Inslrumenl. If Borrower fails 10 pay Ihese sums pnor 10 Ihe expIration of this penod, Lcndcl may 111\0\..C all)
<br />remedies pennilled by this Securily Instrument without furl her nollce or demand on IkJrrower.
<br />III, Borrower'. Riehl to Reinslale, If Borrower meets certain conditlnns. Borrowcr ,hall h'''l' thc nllln hl haH'
<br />enforcement oflhis Security Inslrument disconlinued al any lime prior 10 Ihe earlier nf: (a) ~ day' (or Sl1L'h olhe. I,,'n...lll'
<br />applicable law may specify for reinstalement) before sale of the Property pursuanl In 1I11) powcr of ,"lc. ''''1'".....1 "' 1111'
<br />Security Inslrument; or (b) ent')' of a judgmenl enrorcing Ihls Security Inslrumenl Tho,c l'"lllhll''''' "It' Ih". II""""."
<br />(a) pays Lender all sums which Ihen would be due under this SecurllY ImlrUlllclI1 alld Ihe ,,",,1\' hlld nIl ""t'lC,,;.IHlII
<br />occurred; (b) cures any default of any olher covenants or agreements: (cl pay' all c\""II,e, 1lIL'lIl"..1 '" l'nl"" III~ Itll'
<br />Securily Instrument, mcluding. but nOl hmlted 10, reasonuble altorneys' fees, and (d) IlIkc, 'Ul h ",11"" '" I ,'nd,,, "'il'
<br />reasonably require 10 assure thai Ihe hen of IhlS Seeunly Inslrument. Lender', n!lhl' "' the 1""I"'rI' lInd II"""'H""
<br />obhgalJon 10 pay the sums secured by tlus Secunty Inslrument shall contmuc IIl1dll1l1!ll'<.1 ['p"" "'11"1,,1\'1111'''1 h\
<br />Borrower. Ih" Security Inslrument alld the obllgatlolls secured hereby shall remalllfull) dr......',..,,,,,1 "" "".,I,',ntlo'" ""d
<br />!l<=ClIrled However, thIS nght In remslate shall nol apply mthe ca,e of ucccleralloll ulldel p"ral!r"ph, 1 \.., I'
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