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<br />88- 104899
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<br />If Lender required monpg. insurance u a condition of making Ihe lOIn secured by this Seeurily IDstrument,
<br />Borrower shall'paythe premiums required to malnllin the insurance in eIf..t until such tlm. u th. requirement for the
<br />insurance t~ijAt" in accordance with Borrower's and Lender's written agreement or applicabl.law,
<br />.. IJIIIIIdIaL Lender or ill .,..,t may make reasoDable entries UPOD and inspections of the Propeny. Lender
<br />shall Hi"" BonowernOlice al th.tim. of or prior to an inspection specifying reasonlbl. cause for th. inspeclioD.
<br />t. CaadeauIalIoa. Th. proceedJ of any award or clalm for damages, direcl or consequ.Dtilll, in conD..tiOD with
<br />any condemnatiOD or other takins of any pan of the Propeny. or for .onveyance iD Ii.o of condemnation, are h.r.by
<br />wiped and shaJJ be paid to Lender.
<br />ID the event of a total takiDg of the Propeny, the proceedJ shall be applied to the sums secured by this Seeurity
<br />IDmument, whether or not then due, with any excess paid to Borrower. ID Ih. .venl of a panilll taking of the Propeny.
<br />unless Borrower and Lender otherwise agree in writing, th. sums secured by this Seeurity Inslrument shall be reduced by
<br />the amount of the proceeds multlptied by the foUowing fraction: (a) the lotal amouDt of the sums secured immediat.ly
<br />before the taking. divided by (b) the falr market valu. ofth. Propeny immediat.ly before the taking. Any baIaru:e shall be
<br />paid to Borrower.
<br />If the Property is abaDdODed by Borrower, or if, after notice by Lend.r 10 Borrower lhatth. condemnor olf.rs to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lend.r withiD 30 days after th. dat. th. notice is
<br />liVeIl, Lender i.authorized to collect and apply tbe proceeds. at its option. either to restoration or repair of the Property or
<br />to the sums secured by Ihis Seeurity Inslrument, whether or not then du.,
<br />UDI... Lender and Borrow.r otherwise agree in writing, any application of proceeds 10 principal shall not ..t.nd or
<br />postPOD. the due date ofth. monlhly payments referred to iD paragraphs 1 and 2 or cbang. the amounl ofsuch paym.nts.
<br />10. Borrower Not R.1eued; ForbeanDce By Lender Not a WaI..r. Extension of th. tim. for payment or
<br />,',odificatiOD of amonizatiOD of the sums secured by lhis Seeurity Instrum.nt granted by Lend.r to any successor in
<br />JI1terat of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />I ender shall not be required to COD\mcncc proceedings against any successor in interest or refuse to extend time: for
<br />'VIDent or otherwise modify amonization of th. sums secured by this Seeurity Inslrument by reason of any demand made
<br />'I' the origiDal Borrower or Borrow.r's successors iD interest, Any forbearance by Lend.r in ...rcislng any right or remedy
<br />shall DOl be a waiver ofor preclud. the exerciseofany right or remedy,
<br />II. S_ ad AsalpI JIowId; JolDt and Se.era1 UalJWty; Co-olpen. Th. covenants and agreem.nts of
<br />this Sec:urity lDstrument shall bind and benefit the suc:cessors and assigas of Lender and Borrow.r, subj..tto the provisions
<br />of JlUI8I1lph 17. Borrow.r's covenanll and agreements shall bejoiDt and sev.raI. Any Borrower who c:o-sigasthis Seeurity
<br />IDlUUlDent but does not ....ul. the Not.: (a) is c:o-sigaing this Seeurity Instrument only 10 mongog., granl and convey
<br />that Borrower's interest in the Property und.r the tenas of Ihis Seeurity Instrument; (b) is not pen;onally obligated to pay
<br />the SUIDI secured by this Seeurity IDstrument; and (c) agrees that Lend.r and any oth.r Borrow.r may agree to ..t.nd,
<br />modify, forbear or make any aceommodations with regard to the terms of this Sec:urity IDstrum.nt or the Note wilhout
<br />that Borrower's c:oDSCDt.
<br />U. Loa awaa. If th. loan secured by this Sllc:urity Insuum.nl is subj..tlo a law which sets maximum loan
<br />charges, and thai law is finally interpreted 10 thaI the iDt.resl or oth.r loan charges coll..ted or to be coU..led in
<br />CODD..tlOD with the loan ..ceed the penaiued limits, then: (a) any such loan charg. shall be reduced by the amount
<br />Decessary to reduce the charge 10 the penniUed limil; and (b) any sums already collected from Borrower whioh e.ceeded
<br />pennilled Iimill will be refunded to Borrower, Lender may ohoose 10 make this refund by reducing lh. principal owed
<br />UDder the Note or by making a direct paymenllo Borrow.r. If a refuDd reduces principal, th. reduction will be treated u a
<br />paniaI prepayment without any prepayment .barge und.r th. Note.
<br />13. LeaUJatlOII A1r&dina Leader's RIP'" If enactmenl or ..piration of Ipplicabl. laws has lhe .If..t of
<br />rendering any provision of the Note or this Security InstruJ'11eDt unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Seeurity Instrum.nt and may invoke aDY remedies
<br />penaiued by JlUI8I1lpb 19. If Lender ...rcises Ihis option. Lend.r shalltak.th. steps specified in the second paragraph of
<br />JlUI8I1lph 17,
<br />14. NotIc:ea. Any notice 10 Borrow.r provided for in Ihis Seeurity Inslrum.nt shall be giv.n by d.liv.ring it or by
<br />mailing it by first class mail uDless applicabl. Ilw requires use of anoth.r m.thod. Th. notice shall be directed to the
<br />Propeny Address or any other address Borrow.r designales by nOlice to Lend.r, Any nOlice to Lend.r shall be given by
<br />6nt class mail to Lender's address slated h.rein or any oth.r addr... Lender desigaates by notic. to Borrow.r, Any notic.
<br />provided for in this Sec:urity Instrument shall be deemed to have been given to Borrow.r or Lend.r wh.n giv.n as provided
<br />in this JlUI8I1lph,
<br />15. GonrtIIq LaW; Se.erablUty. This Seeurity Instrument shall be gov.med by fed.rallaw and th. law of the
<br />jurildiclion in which the Property is located. In the event thllt any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not atrect other provisions of this Security Instrument or the Note
<br />which can be given efFect without tbe c:onfticting provision. To this end the provisions of this Security Instrument and the
<br />Note are declUeci to be ....crable.
<br />16. 1IDmnr.... Copy. Borrow.r shall be given on. confonaed copy ofth. Not. and of this Seeurity Instrum.nt,
<br />17. TruaI'er of the Property or a BeII.llcJal IDt....t in Borrow.r. If all or any part of th. Propeny or any
<br />mterest in it is sold or tramf'erred (or ir a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />peI'SOIl) without Lender's prior wrillen consenl, Lend." may. at ill oplioD, require immediate paym.nt in full of all sum.
<br />secured by this Sec:urity Instrument. Howev.r. Ihis option shall nOI be ...rcised by Lend.r if e.ercise is prohibited by
<br />federal law u ofth. dateoflhis Seeurity IDstrument.
<br />IfLem1cr exercises this option, Lender shall give Borrower notlc. of accel.ration, Th. notice shall provide a period
<br />ofnO\ "'Ihan 30days from the date th. notice is d.liv.red or mailed within whi.h Borrow.r must pay al\ .ums s..ured by
<br />this Security IDStn1IDent. If Borrower fails to pay these sums prior 10 Ih. expiration of Ihis period, Lender may invoke any
<br />remedies pennilled by this Seeurity Instrumenl without funh.r notice or d.mand on Borrower,
<br />II. Borrower'. lllaht to ReIIIItSte. If Borrower meets cemin conditions. Borrower shall have the right to have
<br />enforcement oflhis Seeurity IDltrumenl discontinued al any lim. prior to the earlier of: (a) 5 days (or such oth.r period as
<br />appIic:abIe law may specify for mDttatement) before saI. of th. Propeny pursulnt 10 any pow.r of sal. contained in Ihis
<br />Sec:urily lnslrument; or (b) ealry of.judgment .nforcingthis Seeurity Instrum.nt, Those condllions are tha. Borrow.r:
<br />(a) pays Lender all sums whicb then would be due und.r this Seeurity Instrumen. and Ihe Nole had no accelerallOn
<br />oc:curred; (b) cures any default of any other covenanll or agreements; (c) pays all ..penses incurred in enforcing thi.
<br />Sec:urily Instrument, including, hut DOl limited to, reasonabl. atlOm.ys' fees; and (d) lakes such action.. Lend.r may
<br />nasonably require to usure lhatth. lien of this Seeurity Instrumenl, Lender's righls iD th. Propeny and Borrow.r'.
<br />obIiplioa to pey tbe 1Um& IeCUred by this Security Inltrumenl ,han continue unchansed. Upon reinstatement by
<br />Borrower. thit Security Inltrumenl and the obliption& IeCUred hereby !Ioh.U remain lully effectivc as if no accelerauon h.d
<br />occurred.. However. this ri&ht to reinstate lIlall not apply in the cue of accelcration under paragraph!. I J or 17
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