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<br />88- 103958
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<br />If lA;n,der requircd.lII0nple insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower,sIiiIl piy the premiums required to main lain the insurance in etrecl unlil such time as Ihe requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's wrillen agreement or applicable law.
<br />I, 1ujectIoa, Lender or its agent may make reasonable entri~ upon and inspeclions of the Property, Lender
<br />shall give Borrower notice at the time 'Of or prior to an inspection specifying reasonable cause for the inspeclion.
<br />9. CGIIdeIaadoa, The procc:eds of any award or claim for damages, direcl or consequenlial. in conneclion with
<br />l"ny condemnalion or olher takitll of any pan of the Propeny, or for conveyance in lieu of condemnation, are hereby
<br />assiped and shall be paid to Lender.
<br />In the event ora total taking of Ihe Property, Ihe proceeds shall be applied to the sums secured by this Security
<br />Instl'llJlJellt. whetber or not then due, wilh any excess paid 10 Borrower. In the evenl of a partial laking of the Property,
<br />unlas Borrower and Lender otherwise qree in writing, tbe sums secured by Ihis Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by Ihe following fraclion: (a) Ihe total amount of the sums secured immediately
<br />before the taJUna, divided by (b) the fair market value of the Property immedialely before Ihe laking, Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after nOlice by Lender to Borrower that the condemnor olfers to
<br />make u award or settle a claim for damages, Borrower fails 10 respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collecl and apply the proceeds, at its ol'tion, either to restoration or repair of the Property or
<br />to the SWIll secured by this Security Instrument, whether or not then due.
<br />Unless Lender ud Borrower otherwise qree 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. Bornnrer Not Relaaed; Forbeanmce By Leader Not. Waiver. Extension of Ihe 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 nor operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender sbaIl not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the oriJinaI Borrower or Borrower's sua:esson in interest, Any forbearance by Lender in exercising any right or remedy
<br />sbaIlnot bea waiver of or precludc the exercise ofany right or remedy.
<br />11. s.cce.an ad AaIlpa BoluId; ,101at IIIId Sneral IJaltlUty; Co-slpen. The covenants and agreements of
<br />Ibis Security (nstrument shall bind and benefit the succcsson and assillllS of Lender and Borrower, subject to the provisions
<br />of paraaral-h 17. Borrower's covenutJ ud agreanenb shall be joint and lIC\Ieral. Any Borrower who co-signs Ihis Security
<br />InstrWllt:ftl bul dt'JeS not execute the Note: (a) ill co-sillling Ihis SecurilY Instrument only to mortgage. granl and convey
<br />that Borrower's inten:st in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the SWIll secured by this Security (nslrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, fortJar or make any accommodations with reprd to the terms of this Security Instrument or the Note without
<br />thai Bonower's COIIICIIt.
<br />U. ~ a.r.-. If the loan secured by this Security Instrument is subject to a law which sets muimum loan
<br />charJes, and thai law is finally interpmed so that the inten:st or other loan charges collected or 10 be collected in
<br />COIIIICICtion with the loan aceed the pmnitted limill, then: (a) uy such loan charge shall be reduced by the amount
<br />necessary to reduce the ebarae to the permitted limit; and (b) uy sunu already collected from Borrower which exC<<ded
<br />permitted limits will be refunded to Borrower, Lender may chooee to make this refund by reducing the principal owed
<br />under the Note or by makina a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without uy prepayment charge under the Note.
<br />13, I ~,.......... AfreetIq Lader'. IUPta. (f enactment or expiration of applicable laws has the dect of
<br />renderina U1 provision of the NOle or thiS Security Instrument uncnfor<:cable a<:cordin8to 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 paraarapb 19, If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />parqraph 17.
<br />14. Notk:ea. Any nolice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />maiIina it by lin1 class mail unless applicable law requires use of another metb'ld, The notice shall be directed to the
<br />Property A.ddreu or any other address Borrower designales by notice to Lender, Any notice to Lender shall be given by
<br />lin1 elua mail to Lender's addras 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 paraarapb.
<br />15. ~ LaW; SnenIIiIlty. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiclioa in whicb the Property is Ioeated. In the event that any provision or clause of this Security Instrument or tbe
<br />Note eonfticts with applicable law, such conIIict shall not dect other provisions of this Security Instrument or the Note
<br />whicb can be given elrCCl without the confticting provision, To this end the provisions or this Security Instrument and the
<br />Note are declared to be severable.
<br />16. ......vw... ~ Cop,.. Borrower shall be given one conformed copy oflh. Note and of this Security Instrument.
<br />17. T.....rer of tile Pro,erty or a Beaelldall.teftlt ill Borrower. If all or any part of the Property or any
<br />inteRSI in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />~) without Lender's prior wrillen consent. Lender may. at its option, require immediate payment in full of all sums
<br />secured by this Security IMtrument. Ho~er. thIS option sball not be exercised by Lender if exercise is prohibited by
<br />federal Jaw as oftbe date of this Security Instrument,
<br />(fLender exercises this option, Lender shall give Borrower notice of acceleration, The notice shall provide a period
<br />ofnot leu than 30 days from tbe date tbe notice is delivered or mailed within whlcb Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower flils to pay these sums pnor to the explrallon of this penod. Lender may Invoke any
<br />raaedies permitted by this Security Inllrument without further nollce or demand on Borrower,
<br />.1. 8011_" .... to ReIaItate. If Borrower meets certain conditions. Borrower shall have the rigbt to have
<br />enf_t of this Securily Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other penod as
<br />appIicab1e Jaw may specify for reinstatement) before sale of the Property pursuant to any power of sale conwned in this
<br />Securic)' Instrument; or (h) mil')' of a judgment enforcing this Security Instrument, Those conditions are lhat Borrower:
<br />(a) JI8YI Lender aU IUIIIS whieh then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) CURS uy default of any other covenants or a~ts; (el pays all expenses Incurred in enforCing thIS
<br />Security ImtNlDmt. inc!udins, but not limited to. reasonable allomcys' fees; and (dl takes such acllon as Lender may
<br />..-.ably require to assure that the lien of this Security Instrument. Lender's nghlS in the Property and Dorrower',
<br />obIiption to ..y the sums s:alred by this Security Instrument shall continue unchanged. Upon mnstatemenl by
<br />Borrower,this Securi!)' Instrument and the obliptions secured hereby shall rm>11n fully c1Jecuv. as If no Iccelel1ll10n had
<br />occurred, However. this riJhtto reinstate shall not apply in the case of a"""I.l1Il1on under pal1lgl1ll'h. 13 or J 1
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