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<br />88-
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<br />10480.1
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<br />If lender requIred mortgage insurance as a condilion of making the 10Bn 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 icrminnles in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Intipec:tlon. Lender or its agent may make rea.woable cnlril"s upon and inspections of the Property, Lender
<br />shall give 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. direct or consequential, in connection with
<br />any condemnation or olher taking of any pan of the Property. or for com.cyance in lieu of condemnation. are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of l} (Otallaking of the ProperlY, the proceeds shall be applied 10 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 Property.
<br />unless Borrower and Lender otherwise agree in ""nting. the sums secured by tbis Security Instrument shall be reduced by
<br />the amount of the proceeds muhiplicd by the following frdl;tion: (a) the total amount of the sums secured immediately
<br />berore the taking, divided by (b) the fair markel value orlhe Property immediately befon: the taking, Any balance shall be
<br />paid to Borrower
<br />If the Property is abandoned by Borrower, or If, after notice hy Lender to Borrower that the condemnor offen; to
<br />make an award or settle a claim for damages, Borrower fad!> to r~pf,"d to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect Rnd apply the procero~, at Its option, either 10 restoralion or repair of the Property or
<br />[0 the sums secured by this Security Instrument, whelher m nnl then due.
<br />Unless Lender and Borrower otherwise agree in writing, any applicallon of proceed~ 10 principal shall not extend or
<br />postpone the due date of the monthly paymrnl.s referred to In paragraphs I and 2 Of change the amount of such payments.
<br />10. Borrower Not Released: Forbearance B). Lender Nol a Waiver. Extension uf the time for payment or
<br />modificallon of amortization of the sum!. secured b)' Ihis Security Instrument granted by Lender 10 any successor in
<br />m1erest of Borrower shall not operate 10 rclea.~ the liohiluy of Ih~ ongmal Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedmg... agamM an)' ~ucces~or III mtercst or refuse to extend lime for
<br />payment or otherwise modify amortizalion of the sum~ secured hy thl~ SecurllY In..trument by reason of any demand made
<br />by the original Borrower or Borrower'~ successors 111 interesl Any forhearance by Lender In exerclsmg any right or remedy
<br />shall not be a waiver of or preclude the eXerCI!le of any r:gln or remedy
<br />11. Successors and Assigns Bound; Joinl and Seweral Uabillly; Co--siRRers, Thc ctlVel1ant~ and agrcements of
<br />IhlS SecurilY Instrument shall bind and benefit the succe.snrs and a~slgm IIf Lender and Borrowcr, ~ubject to the provisions
<br />ofparagrnph ]7. Borrower's covenanls and agreement!!. shall he JOInt and sc\'cral. Any Borrower who co-signs Ihis Securily
<br />Ins1rumenl but does not exccute the Note: (at 15 clHoiigning thl\ Security Instrument only to mortgage. grant Ilnd convey
<br />that Borrower's intere!.t In Ihe Property under Ihe tC'rm~ ofthl" Sccunty Imlrumc:nt: (hlls nol personally obligatcd to poy
<br />the" sums ~C'C'ured by tins Secunty Instrument. and (cl agree. Ihat Lender ,md any other Borrower may agree to extend,
<br />modify. forbear or make any accommodalion~ wllh regard tll Ihe lerm... of Ihl" Sel;unty Inslrument or the Note wilhout
<br />Ihat Borrower'~ consent.
<br />12. Loan C'harxa, If the loan secured by lim, Sccurll) In~trumelll I~ subJccl In a law whu:h !o.eUi muximum loan
<br />charge.oo, and that law llt finally mterpretc:d Ml Ihal Ihe mtcfC!\t or (lther loan chargc:.oo collected or 10 be collecled in
<br />connecUofi Yo.lIh the loan c:\cccd 1he pcnmltc:d hmu!', Ihen (;1) un). ..ueh Inan charge ...lulU he reduced by the amount
<br />n~r)' to n:ducc the charge 10 the permitted hmlt, and (b) any ...um~ already colk-cted from Bmrowcr which exceeded
<br />permmed hmib wdl be refunded to Borrower Lender may choose 10 mukc Ihl' refund hy rcduclI1g the: principal owed
<br />under Ihe Note or by makmg 0 direcl p;:lymenlto Borrower If II refund reduce. pnnclpal. the reductIon Will he treated a~ a
<br />partial prepaymenl without any prepayment charge under I he Note
<br />13. Legislation AffectinK Lender's RiKhls. If enact men I nr explratlllTl or applll:able law~ hu~ Ihe effect of
<br />rendenng an,y pro\'lMOn offhe: Note nr I hi!'. Security In!olrument unenfnn:cahle accllrdmg 11111'0 term!'., Lender, 1l111~ option,
<br />may requITe immediate payment 10 full of all \um.. ..ecured hy lh1\ Seeunly In'lrumcnt Ilnd may lI1\iokc any remedu:5
<br />penniued by paragraph JQ, If Lender exerclso Ihis oplUIIl. l.':ndcr ..hull luke: the ..tep" lipeclficd III I he ..econd paragraph of
<br />paragraph 17
<br />14. Notices. An)' nnllce to Borrowef pro\'lded for 11l111l~ SLocumy In!'otrumL'nllihall he gl\iL'n hy delivermg 11 or oy
<br />malling n by first class mall unless apphcahle Illw reqUlro u~e of another method, The nollL'e ..hall he dircctL-d 10 Ihe
<br />IJroperty Addres.s or any other addr~" Borrower deslgnalo hy nntll.:e to Lender Any notice 10 Lender ..hall he given hy
<br />first cl~ mUll In Lender'~ addres.~ slated herein or any other addrL~" Lender dOlgnatC'o h) nntk'c to Borrower. Any nlltlcc
<br />provided for an (hI!> Seeunty Instrument shall be deemed 10 ha\c heen gl\'en 111 Burrower (If Lender when given u!o pHI,..ided
<br />m Ihi!' paragraph
<br />15. Goweming Law; SenrabUily. ThIs Sccunt} In~lrument ..hull he governed 0) rt:'derallaw and Ihe law of the
<br />Junsdicllon in whu;h the Propeny IS located, In 1he evenl thai any pro\l~llm or dausc of Ihl' SCl.:urny In!'.trumcnl or lhe
<br />Note conflicts wllh applicable law. !ouch conflict ~hall not affecl other prm.I'olnn!'> of thl" SCI.:unl) In!'.lrument or lht:' Nole
<br />",.hleh can be gl',en effect without Ihe conftictmg prlWI!olOn. Tn thl" cmJ the prn\'I!'>lon'o of Ihl~ Secunly In!olrumellt and the
<br />Nole arc declared to be se\"Crable.
<br />16, Borrower's Copy. Borrower shall be gl\len one clmformcd t.:llp~ Ill' Ihe 10,,;(111: and Ilf Ihl~ Sccunty In..trument
<br />11. Transfer of the Property or a Beneficial Inlerest in BorroMoer, If aliI" i111~ part llf Ihe Prnperl) or any
<br />mlereslln n is loOld or transferred lor If a beneficlIll inten:sl In Borrower l~ 'o<lld tlf lran'oferred and Bnrn'.....er 1:-. nolu natural
<br />person) without Lender's pnor wnllen consent, Lender 0111)'. 0111.. npllon, require IOUlIcdwte pa)'OlellT In full of all..um~
<br />~ured b}' th!.!i Secunt~ InMrumcnt. Howe\oer, thIS optIOn shall nlll ht: e,,-ercI..ed h~ Lcnder If e),erCl'-e 1'0 prohihlted h}'
<br />fcderallaw ao. of the date oflhl!!. Secunlvlnstrumenl.
<br />If Lender exercises this, opuon, iender shall gi\'c Borro......er notice or llL'l.:deratlllfl -. hc 11111 Ice ..hall pco\'lde a period
<br />"fnot les.!o thon 30 day'!. from the: date the noUce is delivered or malk-d ~nlllln ",,'hlch Bnrrll\\er I11mt pa~ all 'oum'o ",cL.ured b}.
<br />Ihl.. 5ecUnl)' Instrument, If Borrower fails 10 pa}' Iheie sum!o. poor IlIlhe explrullon of 1111" perino. l.ender may 1T1\'I1Ke any
<br />rcmaho pcrnlltlc:d by thl~ Sccunty Instrument Without furl her lloth::C l\r demand 1m Bllrfllu.-l"
<br />18, Borrowcr's Righi to Reinstale, [f Borrower meets cerlam clIndullUl.., BnrrO\\l'l ..hall hIlL'C fht' nghlltl hmc
<br />enforcement ofthl~ Security In..trument dlscontmued al any lime pnur tll the curlier III Illl <i da~..ltlr ~uch other perllld a..
<br />apphcable In"" m.3) ..peclf) for relO..lalemenll before we of the: Propert) pur..uanl III an~ pol.....L.' III ..ale (IlttldlllC.-d III Itl1"
<br />Seeunt) Im,trumenl, Uf (bl cnlr) of uJudgment enfOrC101llhl'o Sccurn)" IlI'otrumenl 1 hl"e lllJldllltlll' <He Ihal Borrll\\l',
<br />(a, paY!io Lender all ..urns ",'hleh then would be due under thl!'> Set:un1~ In'trumenl and the 'Illl' hud nil lIL.l'derallllll
<br />(~curred, (hI t;ure'lo IIn) defllult of any III her l'Il\Cnanl!'J. or ilgrl"Cmcnl". II.:I pa~'" atl t:'PClI'ol"'o Inl.urroo In l'nll1rl-1fI1l thl"
<br />Secllnt~ In'1Tumenl, mcludmg, but nUl limned 10, rea'olJnahlt' ItHnrne)... ft'C". and ldllal..l"' "Udl otL'IItIJ! ;I" lentil'1 m,l~
<br />rea!oOnahl) rl:4ulrc: If' 1~~Un: dust the hen ur thl'" ScL.unt~ In"'fumenl. Ll"lu.1er'.. fl~hl.. 111 ltw I'r"f1.:I'~ allJ Up'ltl\\el'..
<br />I1bhgllllun Itl PU) lh. \um"- \("Curro h) Ihl' Sel:unl)" In'otJurnenl ..hol]] ,-,lnIII\U(" Ull..h.w.,:nl I r"'11 Il'IIl'.lalt'lIIl'1l1 11\
<br />Uorrn...er. Ihl\ ~ur In'tfumenl and Ihe IIhh~allon.. "'rLurcO hcreh\ ..h,IJI trlll,ull lulh din 11\ I: ,I" d f11' .I~ l.dt'llIll' III h.ld
<br />'....lIHrnJ IltlVocloef. n~ht hi f'e!O",ltltl" ..h<lll nlll urpl~ Ullhr '.11"" ,., .1llrll'r,\II' ,n IJll,kl 1',11 ,I!!I "ph.. 11, 'I I ~
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