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<br />88- 104671
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<br />If Lender required mortgage insurance as a cor.dition of making the IOlln secured hy 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 nnd Lender's wrinen agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Pmperly. Lender
<br />shall gi\'c Borrower nOlice at the time of OT prior to an inspection specif>'ing reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of nn}' award or claim for damages. direct or consequential. in connection with
<br />Dny condemnation or other taking of any part of the Properly, or for conveyance in lieu or condemnation, ore hereby
<br />assigned and shall ~ paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument. whether or not then due. with any eJlcess paid to Borrower. In the cvent of u partial tnking of the Propeny,
<br />unless. Borrower and Lender otherwise agree in writmg, the sums secured by this Security Instrument shall be reduccd by
<br />the amount of the proceeds multiplied by the foHawing fraction: (n) the [Otal amount of the sums secured immediately
<br />before lhe taking, divided by (b) the rair market value or the Property immediately before the taking. Any balance shall be
<br />paid 10 Borrower.
<br />If the Property is abandoned by Borrower. or if. afler 001 ice by Lender to Borrower that the condemnor offers 10
<br />make an award or settle a claim for damages. Borrower fails to respond 10 Lender within JO days lifter the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds. al ils oplion. either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or nol then dueo
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shaIJ not extend or
<br />postpone the due date of the monthly payments referred 10 in pnrugrnphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance 0)' Lender Not. \V.inr. Extension of the time for payment or
<br />modification of amortizalion of the sums secured by Ihis Security Instrument granted by Lender to uny successor in
<br />iDlerest of Borrower shalJ not operate to release the liabihty of the original Borrower or Borrower's successors in interest.
<br />Lender shall nOI be required to commence proceedings againsl any successor in interesl or refuse to ex lend time for
<br />payment or otherwise modify amortization of the sums secured by this Secunty Instrument by rcason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lcnl1er In cl\ercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy
<br />11. Successors IUId Assigns Bound; Joint and Several Liability; Co.signers. The cm'emmts and agrcemen!s of
<br />this Security Instrument shall bind and benefit the successors and assigns of lender and Borrower, subject to Ihe provisions
<br />of paragraph 17, Borrower's covenants and agreements shall be joint and se\'efl1l. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (0) is co-signing this Security Inslrumenl nnly to mor1gage. grant and convey
<br />that Borro\\ler's interest 10 the Propeny under the teons ofthi!l Security Inslrumenl; (h) is not pcr!lonally obligated to pay
<br />the sums secured by Ihis Security Inslrument; and (c) agreo Ihat Lender and any nthcr norrower mllY agr~ 10 eXlend.
<br />modify. forbear or make any aCl..'Ommodatlon!l with regard to the terms of this SecurilY Instrument or the Nole without
<br />Ihal Borrower's consent
<br />12. Loan Chlrges. If the 10lln ~ecurcd by this Security Instrument is subject to a law which set!'o muimum loan
<br />charg~. and that law i~ finally interprcred 50 that the interc:s1 or other loan charg~ cnlk't'ted or In he collceted in
<br />connection with Ihe loan cxceed the pc::rmil1cd limits, then: Ca) un)' ,ul:h loan charge shull be reduced by the amounl
<br />Tlec~'Wlry 10 reduce Ihe charge to the permiued limn; and (h) any sum!'! already collected frnm Borrnwer which C'Aceeded
<br />pc:rmiued limit" \\,'111 be refunded to Borrower. Lender ma)' ehoo..e tl' make Ihi~ refund hy rcdUt:mg the pnm:lpnl owed
<br />under the Note or by maklllg a dircct paymenlto Borrower. If 11 refund rcdue~ prinCipal, Ihe reductlOlI ""'ill he: Irealed as a
<br />partial prepayment wnhoul any prepayment ~harge under the Note
<br />13. ualslatiuD Affecting under's RiKhts. rr enal:lmenl nr cxplratinn of apphcable laws hus Ihe effect of
<br />rendenng any proviSion of the Nole or thi, See-unly Instrument unenforceable according to II~ terrns., Lender. UIIIs. option.
<br />ma)' require Immediale payment In full of all ,",urns secured hy thl,", Securu)' Instrument and may invoke uny remedlc!l.
<br />pc:rmlltcd by paragraph 1 Q. If lender e;t,erCISe!l Ihl\ optllm, Lender ~hnl1 ta~e (he Meps specified 111 the !lccond plIragraph of
<br />paragraph 17.
<br />1.... Notices. Any notice to Borruwer prO\'lded fur In Ihl' Se1.."Unly Inslrumcnt !.hnll be given by delivering II or by
<br />mailing it by firM c1n!o!l. mlllJ unless applicuble la\.\i requlr~ US.C of another method. The nmice "hall be directed to the
<br />Property Address. or Bny uther addros Borrower design ale. h) nnllce to Lender. An)' nolice to Lender s.hall be given by
<br />fint class mail to Lender's addrc:s~ slllh:d herein or any other address Lender de!tlgnatc:s hy O(Jlio:e 10 Borrower, Any notice
<br />prO\'ided for in this Security Instrument shall he deemed Itl h.1\:c b~1I gl\'CII to Borrower or Lender when given as. provided
<br />in this paragraph.
<br />15. Gonming La,,; Senr8bility. Thl~ Sel:Unl) Inslrument ,hall be gm'crncd hy federal law and the law of the
<br />Jurisdiction in which the Propert}' is localed. In Ihe evenl thai any prm:lSlon or clause of thiS Sccumy Instrument or the
<br />Note conflicts with applicable law. such conflict "hall nol nffecl nther prm-'Is.lOns of thiS Security Instrument or the Nole
<br />which can be given effect without the conflicting provision. To thl\ end the provision!!. of this Securil}' Inslrument and the
<br />Note are declared to be severable,
<br />16. Borrower9s Copy. Borrower shall be g1\eO one l.:nnformed C...lp'y of the Nole and of this Secunty Instrument,
<br />17. Transfer of tbe Property or . Beneficial Interest in Borrow~r. If all or any parl of Iht." Property or any
<br />mtercst in il is sold or transferred (or if a benefiCial mleRosl In Borrower 1... !'oold or tran!'oft:rred and Borrower I~ no"o natural
<br />person) w1thout Lender's prior wrincn consent, lender may, at It!o option, require immediale payment in full of all sums
<br />!oCCured by thls Securit}' Instrument. Howe\o'cr. this OptlOll ..hall not be cx.c~relsed hy Lender if clI.erci..e is prohlbllcd by
<br />fcderallawas of the date of this Security Instrument,
<br />If Lender exercises this oplion. Lender shall give Borrower notlCt' of accelerallllll The nnllee !'ohall proVide a peri(ld
<br />of not less than 30days from the dale the nmice is deli\'ered or maIled withm which Borrower muM pa~i all "um~ !'oel'urt.'lI by
<br />thn. Security Instrument. If Borrower fails to pay thc..ase sums pnor (0 the explfLlllnn of ttm penod, Lender mllY invoke any
<br />remedies permiued by Ihis Security Instrumenl without fur[her notlcc or demand on Borrower
<br />18. Borrower's Rlgbt to Relnslate. If Borrower meet!> cenain condiuons, Unrrll\\.cr ..hall hllYC the nEhl 10 h.l11,>('
<br />enforcement of this Security Instrument di!tCominued at any time pnor to the earher (If Cal 5 day' (or ..ul.:h other penod a'
<br />applicable lav.' ma)' specif). for reinstatement) before sale of the l'ropc:rIY purli.ultnt 11,\ any flower of ..ale l.:1It1I11lOed lTl lhi..
<br />Security In5.trument; or Cb) eo II), of a Judgmenl enfon.'1ng thiS Sect1my ImMumenl TllO~e conditiO"" ure thai Dllrrnwer
<br />(a) pay' lender all sums WhlCh then lAo.ould be duc under thl!o Seeunly Inslrument and the ~lllt' hlld 110 aCl.:dC'ralloll
<br />occurred; (b) curo IIny default of any olher cO\C'nanl!t Of agreemcnts; k) ray" all C'll.pef1!oC" IIlcurred In enlim:ing tIll"
<br />Security (o"lrummt. meluding, bU1 nol hmlled tn. rcu')(1noble a1torney'l' fco, and (d) la!..c<o "Ul.:h .IlL'lllm ", It'nucr ma~
<br />reuonabl)O reqUire to n,"ure thai Ihe hen of Ihl.. Security 1"..lrumenl. lrnder', t1~hl" III Iht' Ptnper1~ <lod BorrllwC'r'..
<br />obhpllnn to pay 1he ..urns o,ccured by thl!> Seeun1)' Im.uurncnl ,hall l.:llnlmut' un\..hanJ.!I.'d l 'P"1l tCIIl\lalt'UlC'fll h,
<br />Uorro-.er. Ih" Sc-(unty Im.trument and Ihe nbh~nll(1n.. \el.:urcd hcrrb) ..hall tt'l1lallJ fllll~ dlt'lllH ,I' IfilL' ;Iu dr-l.lllnn h.ltl
<br />IlIL:cunrd Uowclrc:r, Ihls nghllo rrlO..talc ..hall no1 Dpply In IhC' UI'-t" of 3lxr:ll."r ,IIII'll IInde'r Pill "Ilrarh\ , 1 . 'f 1 ~
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