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<br />88-102933
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<br />If lender requi;ed mortgage insurance as a condition of making the ],oan secured by this Security Instrument,
<br />Borrower shall payt~e premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance termilpltesin.!l~co,(~~n~wjth Borrower's and Lender's wrilten agreement or applicable law,
<br />8. Inspectio..c Lender urits agent may make reasonabl~ entries upon and inspections of the Froperty. Lender
<br />shall give Borrowerriotice aUhe lime 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 Properly, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be (laid to Lender.
<br />III Ihe evenl of a total laking 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 Properly,
<br />unless Borrower and lender otherwise agree in writing. the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds mulliplied by the following fraction: (a) the lotal amount of the sums secured immediately
<br />before the taking. divided by (b) the fair market value of the Property immedialely before the taking, Any balance shall be
<br />paid 10 Borrower,
<br />If Ihe Property is abandoned by Borrower, or if, after notice by lender 10 Borrower Ihal tbe condemnor offers to
<br />make !In award or settle a claim for damages, Borrower fails to respond to Lender wilhin 30 days after the date the no lice IS
<br />given. under is authorizecJ to collect and apply Ihe proceeds, al its option, either to restoration or repair of the Property or
<br />to the sums secured by Ihis SecurilY Instrument, whether or not then due,
<br />Unlefo.\ lender and Borrower olherwise agree in writing, any applicalion of proceeds to principal shall not extend or
<br />poslpone the due dale of the monthly payments referred to in paragraphs I and 2 or change the amount ufsuch paym\:nts.
<br />10. Borrower [...ot Released; ForbellJ'uce By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amonizatior: of Ihe sums secured by this Security Inslrumenl granled by lender to any suc.;:essor in
<br />interest of Borrower shall not operale to release the liability of the original Borrower or Borrower's successors in interesl.
<br />Lender shaJJ not be required to commence proceedings against any S\Jcc~'Ssor in interest or refuse to extend time for
<br />paymenl or otherwise modify amonizalion of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors In interest, Any forbearancl' by Lender in exercising any right or remedy
<br />shall nol bt-a waiver of or preclude Ihe exercise ofany right or remedy,
<br />11. Successors and Assigns Bound; Joint and Snera) Liability; Co.sIRners. The covenanlS and agreements of
<br />this Security' Instrumenl shall bind and bt-nefltlhe successors and as.\igns of Lender and Borrower. subject to the provisions
<br />of paragraph 17, Borrower's covenants and agreements shall be joint rmd scveral, Any Borrower who co-signs this Security
<br />Instrument bul docs not execute the Note: (a) is co-slgnmg this Sl'CUrlty Instrumen! only 10 mortgage. granl and convey
<br />that Borrower's interest In the Property under the terms of 11m SecurIly Instrumcnt; (b) is nOl personally obligaled to pay
<br />the sums secured by thb Security Instrumenl; and (c) agr~'O Ihal Lender and an)' other Borrower may agree to extend,
<br />modify. forbear or make any accommodations with regard to lhe lerms of Ihis Security Instrument or the Note without
<br />that Borrower's l'Onsent.
<br />12. Lolln Charges. If the loan secured by this Security Inslrument is subj~'CtlO a law which sets maximum loan
<br />charges. and Ihat law is finally interpreled so thai the interest or olher loan charges collecled or 10 bt- collected in
<br />connection with lhe loan e:o.eced the permilled Iimils, then: (a) any such 101m charge shall be r~-duced by the amount
<br />necessary to reduce the charge to Ihc permilled limit; and (b) any sums already collected from Borrower which exceeded
<br />permilled limits will be refunded to Borrower. Lender may choose 10 make Ihis refund by reducing the principal owed
<br />under Ihe Note or by making a direct payment to Borrower. If a refund reduces principal. Ihe reduclion will he lreated as a
<br />pamal prepayment without any prepayment charge under the Note,
<br />13. legIslation Aft'ecllnll Lender's Rights. If enactment or expiration of applicable laws has I he effecl of
<br />rendenng any provision of the Note or Ihis Securuy Instrument unenforceable according 10 its terms, lender, lit liS option,
<br />may rl'tjulre immedlllte payment in full of all sums secured by Ihls Security Instrument and may invoke any rcmedies
<br />permllled by paragraph 19, If L.ender exercises this option, Lender shall lake Ihe steps specified in the second paragraph of
<br />paragraph 17,
<br />I". Notices. Any notice 10 Borrower pfllVlded for 10 thiS Secunty Instrument shall be given by delivering :t or by
<br />mailing it by first class mail unbs applicable law requires use of IInather method, The notice shall be direcled III lhe
<br />Property Address or any other address Borrower de.slgnates b) notice 10 Lender, Any no lice to Lender shall be gl\'en by
<br />first class mail to lender's address Slata1 herein or any olher address Lender dcslgnlltt.'S by notice 10 norrower Auy notice
<br />provided for ill this Security Instrument shllll be deemed to have been gi\'en III Borrower or L.ender when gIven as pnwl<Jed
<br />in this paragraph,
<br />15. Governiq Law; Severabillt),. This Secufll)' Instrument shall be governed by federal law and Ihe law of Ihe
<br />jUrisdiction in whieh the pfIlpcrty IS located, In the c\'ent Ihal any provision or clause of this Security Instrumelll or the
<br />Note conllicts with appli\:able law, such conllicl shall nol affl'Cl other provisions of Ihis Security Inslrument or Ihe: Note
<br />whu;h can be gi\'en effect withoutlhe confliCting prOVISIOn, To lhis end the provisions of this Security InMrume," and the
<br />Note are declared to be severable,
<br />16. Borrower's Copy, Borrower shall be gi\'en one conformed copy of the Note and of Ihis Seeunly In\lrumenl,
<br />17. Transfer of the Property or II Deneficialloterest in Borrower. If all or any part of the Property or any
<br />l!llerest in illS sold or transferred (or if a benefiCial interest in Borrower is sold or lransferred and Borrower is nllt a natural
<br />person) wtthout Lender's prior wriUen conselll. Lender may. at ib option. reqUIre imm~-diatc payment in full of all sums
<br />!>Ccured by thiS Securily Instrument. However. this oplion shall not be exerclScd by L.ender if exercise IS prohihik-d by
<br />federal law ll:<' of the date of this S~:curity Instrument.
<br />[f Lender exercises this option, lender shall give Borrower nOlu:e of acceleralion, The notice shall provide d period
<br />of not I~s Ihan 30 days from the date the nOlice is dcli\'ered or Imuled withlll which Borrower mU~ll'ay all ~lIll1S securl'1l by
<br />Ihl~ Securit)' ImtrulllCnt. If Borrower fails to pay the:;e sums pnor 10 Ihe npiration Oflhis pcriO\l, Lendcr lIIay 111\ ilkI.' any
<br />remedies permill~-d b)' Ihis Security Instrument wilhoul further llOhce or demand on Borrnwer.
<br />Ill. Borrower's Rlghllo Reinstate, If Borrower meels certain condllllHls, Borrower shall h:1\e Ihe rtj:hl In h:l\'e
<br />enforcement ofllli, Securily Instrumenl dhconllnued al any lime prior to the e,lrlier of: (a) 5 clays (or ~udlll1her period as
<br />applicahle law ma) spc.'Cify for reinslalement) before sal,~ of Ihe I'roperl)' pursualll 10 allY power of ,ale cllnl'"lIed in Ihl'
<br />Securlly Instrllment; (lr (f)) tnlry of a judgment enforclllg llus Sl'CUTll)' lnstrumenl Those conditllln, al'c lhl.t Borrower
<br />(a) pays l.ender all sums which thell would be due under this Security Instrumelll llfld Ihe Note had 1I1l aCCcletlltlll1l
<br />(..:cuuelJ; (b) cure!. any defllull of UlIY uther covenunls 01 agreemenls; (c) pays all expenses IIIcurrl'll IfI enfo...,Ill/l. lhl~
<br />Security Instrulllenl, Illduding, bUI JIIlI !inllted 10, reasonahle attorne)"s' ft'Cs; and (d) lake~ such aCll(ln 11\ tend,'r may
<br />reul1nnhl)' reqUIre I" assure thai the lien of tillS SecurilY Instrument, Lender', nghts III the Prop\'rl)' llnd !lllrrn\\e"',
<br />obltj,lllllOIl III pa)' the sums secured by lhis Security Instrument ~lullI conlinu\! unchangNI t.'pOIl rClll'IIlICI1lClIl b~
<br />!lorlo"cr. l]m ')""lIflli Instrumellt IIlIi.llhc ohlJllalions sccured hereby ,hall rcmalll fully elfl.'\:IIH' II' ,I' Illl '1.'.'clcnllIllll had
<br />"'''11f r~tl II...... c' cr, 1111\ r1~h. In rC1I1statc sh;ill nol apply In the t''''l' (If accderllllon under I'arall' "1'1" 'n .., 1 7
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