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<br />88- 104588
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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 terminates in accordance with Borrower's and Lender"s written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall gi\le Borrower notice 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. dircct or con'equential, in connection wilh
<br />any condemnation or orher taking of any part of the Property, or for conveyance in lieu of condemnation. are hereby
<br />assigned and ,hall be paid 10 Lender,
<br />In Ihe cvent of a lotaltaking of the Property. the procecd, ,hall be applied to the sums ,ecured by thi, Security
<br />Instrument. whelher or not then due. with any excess raid 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 Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (al the total amount of thc sum, secured immediately
<br />before the takmg. divided by (b) thc fair market value of the Property immediately bcfore the taking. Any balance ,hall be
<br />paid 10 Borrowc-r.
<br />If the: ProJlC"ny IS abandoned b)' Borrower. or if. after nOlice by lender to Borrower that Ihe 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. authonzed 10 collect and apply the proceeds. 3t its option, ~ither to restoration or repair of the Property or
<br />to the ...ums secured hy this Security Instrument. whether or nor then due.
<br />Unless Lend~r and Borrower otherwise agree in writlng, any application of proceeds to principal shall nO[ extend or
<br />postpone the due date of the monthly paymenls refcrrc..d to in parngraphs 1 and 2 or change the amount of such payments,
<br />10. Borrower ~ot Releasedj Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums 'iecured by rhi!<o SecurilY Instrument granted by Lender to any successor in
<br />intere!tt of Borrowcr shall not opennc to rclea!<oc the liability of the original Borrower or Borrower's successors in interest,
<br />lender shall 1101 be rcqum:d to commence proceedmgs against any successor In interc:st or refuse to extend lime for
<br />pu)'ment or otherwise modify amoTti.tal1un ufthe sum~ secured by rhls See-unly ]n!!otrumcnt hy reason of any demand made
<br />by the origmal DorroYo.cr or Borrowcr'~ successors in inlerest. Any forbearancc by lender in cAcrcising any right or remedy
<br />shall nol be a waiver of or preclude the exercise of any nghl or remedy
<br />II. Successors and Assigns Hound; Joint and SeyeraJ Liability: Co.signers. The cO\'~nanis and agreements of
<br />thi~ Secunty ]nslrument shall bmd and benefit the successors and a.'iS1gns of Lendcr and Borrower. !<oubject 10 the provisions
<br />of paragraph 17, Bllrrower\ covenant'i. and agreements shall bejOlnl and several. Any Borrower who en-signs this Security
<br />]nstrumenl hUI docs not c~cCUle the Note: (a) IS co-s.igning thIS SL"Cunty Inslfumcnll1nly tn mortgage, grant and convey
<br />thai Borrower's inlere" mthe Property under the lenns of this St.-curl1y In!!olrumenl; (h) IS nol personany obJigated to pay
<br />the sums !)ccured by lhl~ Security InMrument; ilnd Cc) agrees that Lender and any lllher Borrllwer may agree 10 extend.
<br />modify. forbear or make any accommodatlOn~ wilh regard to the tenns of thi~ SCCUflty In~trumcnl or the Note without
<br />Ihat Borrower's eonst::nt,
<br />12. Loan CharK,cs. If the loan ~ccured by lhl!! Seeunty In!!tfumenl i!t !!UbJecl to a Inw which scls maximum loan
<br />charg~. and that law l!lo finally interprctt.-d !itl thur the 1T1IcrcM or OIht"r loan chnrges l'olleCleu or 10 be collected in
<br />connecllon with the loan ex.ceed the permittc..-d hmih. rhen; (a) llny such loan charge ...hall he reduced by the amounl
<br />nece!losary tn reduce Ihe charge tn thc permitted hmll~ and (h) any !loums alrc-ady (,:ollcClcd froll1 narrower which cx.ceeded
<br />permiucd limits will be refunded to Borrower. Lender may (.'honsc lu make Iln... refunu h~ rcduclIIg the pnrH.:ipal owed
<br />under the Note or by making a direct paymenl to narrower If a refund reduces prinCIpal. Ihe rc:duC'IIOJl will be trealed as a
<br />panial prepayment withou! any prepayment char~c- under lhc NOh:.
<br />13. legislation Aff~ting Lender'" RiRhh. Jf enllctmenl m expiration of applicable hlw:o. has the effect of
<br />rendenng an)' proVIsion of Ihe Note or rhi!\ XL.Unly In'.i.lrumenl unenforceublL' antlrdmg tulI... lerm!\, Lender, ar its oplion,
<br />roa)' require immediale payment in full of all ...um... ...ecured hy Ilus Sel'Unl~ In!<olrumCnl and may lIl\!oke uny remedies
<br />permitted by puragraph I q. If Lender t:'xerel!\.~ thl~ optIon, Lender \hall take (he \t~ps ...peclfied in Ihe second paragraph of
<br />paragraph 17.
<br />14. Notices. An~ nOllce 10 Borrower provldl"u fm II1lhlS Secunty In:o.trumcnt shall be given by delivering II or by
<br />mailing il by liT" cia" mBlI unle" applicable law wlUlr"" u,e of anmhcr melhod. The nOllce ,hall he directed lOllIe
<br />Property Address or any other address Borrower d~lgna1~ hy notice 10 lender. Any nolJl.e to Lemler shall be given by
<br />first class mail to Lender's addres..... Mated herein or any other addr~s Lender d~lgnatt.~ by notice to Borrower. Any nOliec
<br />provided for In thiS Security Instrument !irt.hall be deemed to ha\c been !p\'c:n to Borrower IIr Lender when givcn a~ provided
<br />in thIS paragraph.
<br />IS. Go\'erning Law; Severability. Thl!lo SL"curity Instrument shall hL" govc:-rncd hy federal law and Ihe law oftht'
<br />jurisdiction in which the ProperlY IS located. ]n rhe: event that any provI!\.ion or c1am.e of rhis Security Inslrument or the
<br />Note conflicts with applicable: law, such conflict shall not affect other pflwi~ILln~ of Ihls Securily Jn~lrumenl or Ihe NOle
<br />which can be given effecl wilhoutthe conflicting provision. To Ihls end the prC1Vl'lUn~ ufthi~ Security Jnslrumcnl and lhe
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Burrower shall be given one conformed I.:'opy of th~ f\;ote and of Ilw, Secunty In~lrUm~nf.
<br />17. Transrer 01 the Proper!)' or a Beneficial Inlerest in Borrower, If all ur any pari of the ProperlY or any
<br />interest in it is !ooJd or transferroo (or If a beneficial iDlerest in Borrower 1\ sold ur trall~ferrcd and Borrower J~ not a natural
<br />person) without Lender's prior wriuen consent, Lender may, at lh oplllln. requITe.' HtHlICdmrc paymenl in full of all MUll..
<br />secured by this Security ]n!iolrumenl. Howc\'er, thi!o option shall not be el\clcl~cd h) Lemler if e.ll.erClse is prohlhlted h}
<br />federal law as oflhe date orthl!! Securi1\' Instrument.
<br />If Lender excrci~es this option. lender shall give Oorro\lo'cr nollce {)f accelerutlon. The IIlltice shall proVide a peTlod
<br />ofnotlC"s than 30 days from the dale thc nOlice is. delivered or mailed wlthm which Bnrro"c:r mu\t pay all !\um!<o \ccured h}
<br />Ihis Security Instrument. ]f Borrower fails to pay these !loums pnor tolhe cxplrallllll (\f thiS peruld, Lc:nder rna)' m..nkc 1I11Y
<br />remedies permitted by thi!. Security Instrument without fun her noLlee or demand on Unrrowc:r
<br />18. Borrower'. Right to Reinstate. If Borrower meets c~rtam l:ondllJon~, Borrower ..hull haH. the TIght 10 ha\l'
<br />enforcement of this Security Inslrument discoOlinued at any LIme prior 10 Ihe curlier of. (u) 5 day.. (or ...uch lIlhc:r penod a..
<br />applicable Jaw may spccif). for reinstatement) before sale of the Properl)' rur...uant lu any power Ilf ...ale l.:IlIlt,IIIlt"d III rIll"
<br />SeCUnI}' Instrument; or (b) enlry of 11 judgmcl11 enforcmg Ihis Securit) In..rrumenl. Tlhl!\C ':llndlllon!'> art I hal Hlllrll\Hr
<br />(a) pay~ Lcnder all "um~ which then would be due under this Securlly Instrumenl and (he Nnlc hall no ,h,:I.:t'lcralllllJ
<br />occurred; (h) curo any default of ony other co\'enanls or tlgrcemcnr'l. (c) pay:'<o all e'pt'n~c'" l1ll.:urrt.-tl Ifl L'llrl.lfl.:llIg Ihl!'>
<br />Sc:cunl)" In'iolrUment. mcluding. bUI not hmited to, reasonable allomcy.... f~. and (d) lake... Mh:h ;U.-tUIU .t'o Lender I1lU)
<br />rea\Onabl)' rcqulfl: 10 a!lsurc IIIa1 the lien of thiS Security ]nslrument. Lender.. nghh III Ihc PrtlllCfl) ,IIIlJ Bllltt1\\Cr'..
<br />obhgal1on fo pa). lhe !lums. ~'1;urn1 by lhi!\ Sccuflly InMrumcnl ...hull t:unll1lUc ulIl.:'hanl{t.'u Lpnll 1I'.n..I;I!t:ll1l.1I1 h~
<br />Borro\lo'cr. Ihl" Sa::unl) In~rrumcnt and the obligations ~ured hC'rcb~' ,hall rem,:lIll fully cITC('II\I' ,I'" If II" ih:ll.'!l'..tlli,n h,IIJ
<br />ocl,:urrcd Hn\AlCH:r. lhl!. fight to reInstate ""haJJ not appl)' III Ihe ca.\(' of accclerallCllI under fllIra~ral'h.. 11.1t I ~
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