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<br />83- 10460S
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<br />If Lender required mOI1P1e insurance as a condition of making theJ""nEeCured by Ihis Securily In.lrumenl,
<br />Borrower shall pay the pn:miUlll5 required 10 maintain the insurance in efl'e<:1 until such time as the requiremenl for Ihe
<br />insurance lerminates in accordance with Borrower'. and Lender's wrinen agreemenl or applicable law,
<br />I. lapectillD. Lender or its agenl may make reasonable entries upon and inspeclions of Ih. Propeny. Lender
<br />shall giye Borrower nolice althe lime of nr prior 10 an inspeclion specifying reB.50nabl. cause for Ih. inspeclion.
<br />\I. ~UdOD. The proceeds of any award or claim for damages. direcl Dr consequenlial, in conneclion wilh
<br />any condemnallon or other laking of any pan of th. Propeny. or for conv.yance in Ii.u of condemnalion, are h.reby
<br />assigned and shall be paid 10 Lender.
<br />In the eYenl of a lotalllking of Ihe Propeny. the proceeds shall be applied 10 th. sums secured by Ihis SecurilY
<br />Instrument. whether or nol!hen due. wilh any eICeU paid to Borrower, In the event ofa paniallaking oflhe Propeny.
<br />unless Borrower and Lender otherwise agree in ..-riling. Ihe sums secured by Ihis Securily Instrumenl shall be reduced by
<br />lbe amount of the proceeds multiplied by the following fraclion: <a) th. lotal amount of th. sums secured immedial.ly
<br />before the laking. divided by (b) the fair market val~ of the Propeny immedial.ly befor.lh.taking. Any balance shall be
<br />paid 10 Borrower.
<br />If Ihe Propeny is abandoned by Borrower, or if. aft.r nolice by Lendcr to Borrow.r Ihallh. condemnor ofl'ers 10
<br />make an awanl Dr selll. a claim for damages. Borrower fails 10 respond to Lender within 30 days afl.r the date Ih. nOlice is
<br />given, Lend.r is authorized 10 collect and apply Ihe proceeds, at its opl.on. either 10 resloralion or repair oflhe Propeny Dr
<br />10 the SUlll5 secured hy Ihis Security Instrument, whether or nOlth.n due,
<br />Unl... Lender and BorrtnI'er otherwise agree in writing. any appliealJon of proceeds 10 principal shall not exlend or
<br />poIlpone the due date of Ihe monthly payments referred to in paragraphs] and 2 or change Ihe amounl ofsuch payments,
<br />10. IIornJwer Not Relaaed; Forbearuce By Leader Not a Walnr. E..ension of Ihe lime for paymenl or
<br />modification of amonlZation of lhe sums secured by IhlS Secumy in'lrumenl granred by Lender 10 any successor .n
<br />. ~resl of Borrower shall not operate 10 r.l....the liabilny of the origmal Borrower or Borrower', successor.; in inleresl.
<br />t "Icier lhall not be required to commence proceedings &gamsl any successor In mteresl or refuse 10 extend time for
<br />m1enl or othenvise modify amonizalion ofthe sums secured by thIS SecunlY In'lrumenl by reason ofany demand made
<br />, the original Borrower or Borrower'..uccesson in inlerest. Any forbearance by Lender in exercising any righl or remedy
<br />,JWJ not be a waiYel' of or preclude theexen:iJe of any righl or remedy,
<br />11. S-S... Aaalpa Boad; JoIm .. SeftraI Uablli\)'; CtHI__. The covenants and agreements of
<br />1M Securily Insuumenl shall bind and benefilthe sw:cesson and assign' of Lender and Borrower. subject 10 the provi,ion,
<br />of parqraph 1" Borrower'. CO\'eDants and agreanenta shall be joinl and sev.raI, Any Borrower who co-signslhis SecurilY
<br />Inslrument bul does nOl execute 1M Not.: <a) i. co-5ipinathis Securily Inslrument only 10 monpae. aranl and convey
<br />lhat Borrower's inten:ll in the Propony under Ihe terms of this Secunly In'trument; (b) i, nol penonaJly oblipu:d 10 pay
<br />tbe SUJDJ secured by Ihil Securily Instrume'll: and (c) agrees thaI Lender and any other Borrower may agree 10 exlend.
<br />modify, forbear or make any accommodations wilh reprd 10 Ihe lenns of IhlS Securily Inslrumenl or Ihe NOle wilhoul
<br />thai Borrower'. COIIIettI,
<br />11. ~ ~ If Ihe loan secured by Ihis Secunty Inllrumenl IS SUbjec:tlo a law which sel5 maximum loan
<br />charaes, and thaI law is finally IRterpreled 10 thaI Ihe Interesl or olher loan chargel colle<:led or to be collecled in
<br />"""""""" with the loan ..cud the pernulled limits, Ihen: ta) any such loan charge .hall be reduced by the amount
<br />nece5lU)llo reduce the charp 10 the pemulIed limit; and (b) any .ums already collecled from Borrower whicb ..ceeded
<br />pennilted limita will be refWtded 10 Borrower. Lender may choose 10 make thIS refund by reducing Ihe principal owed
<br />under Ihe Note Dr by making a direct paymenllo Borrower. If a refund reduces pnnc.paI, Ihe reduclion will be truled as a
<br />paniaJ prepaymenl without any prepaymenl char.. under the NOk.
<br />13. LeIiaIadaa AlrecIlsl; Le.der'a R1Pb. If enactmenl or expJralion of applicable laws has Ihe eife<:l of
<br />renderina any proVISIon oflhe Note or IhlS Securily Inslrumenl unenforceable according 10 .Isterm.. Lend.r. al ils option.
<br />may requi.. immediate payment ,n full of all sums secured by thi! Secunty In.trument and may lDvokc any remedies
<br />pennilted by parqrapb 19, If Lender exercises this option. Lender shall take the ,tepo specified in Ihe second paragraph of
<br />paragraph 11
<br />14. Nodcea. Any notice 10 Borrower provided for in thIS Security In5lrumenl shall be given by delivering;1 or by
<br />mailing il by finl class mail unless applicable law reqUIr.. use of anolher melhod, The nollce shall be dire<:led to Ihe
<br />Propeny Addreu or any other address Borrower designateS by notice 10 Lender Any notice 10 Lender shall be given by
<br />finl class mail 10 Lender's address 5lBled herein Dr any other address Lender designates by nOlice 10 Borrower. Any nolice
<br />provided for in this Security Inllrumenl shall be d......ed 10 havc been given 10 Borrower Dr Lender when giyen as provided
<br />in this parqraph. '
<br />.5. Cicm!rttbII LaW; SnenlriJIl)'. Thi, Securily Instrument ,hall be governed by fedcral law and lh. law of Ih.
<br />JUrildiction in which Ihe Propeny is loc:aled, In Ihe eYenl thaI any provISion or clause of .hi, Securily Inslrumenl or Ihc
<br />Note conIIicta with applicable law. .ucb conllicr shall nol alrect olher proVISIon' of thIS Securily Instrumenl or the NOle
<br />which can be giyen elfect wilhout the conflicttng provis.on. To Ihls end the proVISIon' of thi, Security Inslrumenl and Ihe
<br />Not. are declared lObe .......ble.
<br />.6. Barnnrer'a Copy. Borrower shall be given one confonnNl copy of the Note and of Ihi, Security Instrumenl.
<br />17. TraaIIfer of lite Properl)' or a BetteficWllatereal In Borrower. If all or any pan of the Propeny or any
<br />interesl in i. is sold or transferred (or if a beneficial interest in Borrower IS sold or transferred and Borrower is nof a natural
<br />person) wilhout Lender's prior wrinen con5enl. Lender may. al its opllon, requ... immedial. payment in full of all sums
<br />secured by this Securily Inllrumenl. "oweYer. this optton shall nOI be exerCised by Lender if exerc.se IS prohibJIed by
<br />federal law as of the dal' of this Secttrily Instrument.
<br />If Lender exercises Ihilllplion. Lender shall give Borrower nOlice of acceleration. The notice shall provide a penod
<br />ofnOlIess than 30 days from the date the nOlice j, delivered or mailed wllhlR which Borrower mu't pa)' all sum' secured by
<br />this Security Instrument. If Borrower fail5lo pay Ih... .ums prior 10 Ih. expirallon of thi, period, Lender may invokc any
<br />remedies permitted by this SecurilY Instrumenl without funher nollee or demand on Borrowcr
<br />.1. 1Ianvwer'. RiPt to ReiBaUte. If Borrower mte15 certain condillons. Borrower shall have Ihe ngbt 10 have
<br />en.forcelnan of this Security Inst!Ument dilCOfltinued at any time prior to the earher 0(: (a) 5 days (or such other period as.
<br />applicable law may opecify for reinstalemenl) befo.. sal. of Ihe Propeny pursuanl 10 any power of sale conlalDcd lD rh..
<br />Securily Inllrwnmt; or (b) "'11')' of a judJment enforeinalh,s SecunlY Instrument. Those condillons are Iha. Borrower:
<br />ta) pa)'l Lender all 5UDII which then would be due under Ihis Securily Instrumenl and the Nole had no seceJerallon
<br />occurred; (h) CURS any default of any other covenan15 or agreement&; Ic) paY' all expen... Incurred In en(orclnR th..
<br />Securily Ill5lrumenl. Including. bul nol limited 10. I'allOIlable allomey" fees, and td) tak.. such sellon IS Lender may
<br />raaonabIy requi.. 10 ....... thatlhe lien of Ihis Security Instrum'ent. Lender', nghts In Ihe Propeny and Borrower',
<br />obIiplion to pay 1M sum, secural by tM Securily Inslrument ,hall conllnu. unchanged. Upon relnSlalemen' by
<br />Ilonmoer, Ihis SecunlY Instrument and 1M ohllpllons ,""ural hereby ,hall ,"",un fully ell'ecllve L' If no accelerallon had
<br />occurred Hown-n. tht. n.in to retmt.l.le lhaU not apply In the C8K of accclchtlon under par.gr:aph~ I J or 1 t
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