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<br />88-105337
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<br />If lender required morlgugc insurance us n condition of makmg the lonn secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in clTccl until such time as the requirement for the
<br />insurance lerminnlo in ac..:ordnncc with Borrower's nnd lender's writleD agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable enlries upon and inspections of the ProperlY. Lender
<br />shall give Borrower nOlice al the time of or prior toan 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 other tnking of any part of the Property, or for conveyance in lieu of condemnation. are hereby
<br />assigned Ilnd shall be paid to Lender,
<br />In the event of 11 totllltaking of the Propeny, the proceeds shall be npplicd to the sums secured by this Security
<br />Instrumenl. whether or not then due, with any exces... paid to Borrower. In the event of a partial1Bking of the Property,
<br />unless Borrower and lender otherwise agree in writing, the sums secured by this Secur::~y Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking, Any balance shall be
<br />paid to Borrower,
<br />lfthe Property is abandoned by Borrower, or if, after notice by lender to Borrower thai the condemnor offers to
<br />make an award or settle II claim for damages, Borrower fails to respond to lender within 30 days aner the date the notice is
<br />given, Lender is authorized 10 collecl and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by !~js Security Inslrument, whether or not then due,
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall nol extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not 0 ,,"'niver, E:rotension of the time for payment or
<br />modification of amortization of the ~ums secured by this Security Instrumenl grunted by lender 10 any successor in
<br />interest of Borrower shall not operate 10 release the liability of the origmal Borrower or Borrower's successors in interest.
<br />Lender shall not bt: required to commence proceedings against any successor in interest or refuse to eXlend time for
<br />payment or otherwise modify Ilmonizatlon of the sums secured by this Security [ostrument by reason of any dcmnnd made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be II waiver of or preclude the exercise of any right or remedy
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Set:urity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to :he provisions
<br />of paragruph 17, Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower'!I interest in the Property under the terms of this Secunty Instrumenl; (b) is not personally obligated to pay
<br />the sums secured b)' this Security lmilrumenl; and (c) agrees thai lender and any other Borrower mllY agree to extend,
<br />modify, forbear or make any accommodations wllh regard to Ihe term!<t of Ihis Security Instrument or the Note without
<br />that Borrower's consent.
<br />12, Loan Charges. If the loan secured by thi~ Securily Instrument is subjecl 10 a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other 10nn charges colk-cted or tn be collected in
<br />conneclion with the loan exceed the permitled limits. then: (a) any such loan (harge shall be reduced by the amount
<br />necessary to reduce the ~harge to Ihe pc.:rmiued limit; and (b) any sums already collecled from Borrowcr which exceeded
<br />permitted Ii milS will be refunded to Borrower. lender ma)' choose to make thb refund by reduclIIg the principal nwed
<br />under the Note or by makmg a dlrecl payment to Borrower. If a rdund reducl.'!I prinCipal, the reductlCm will he trealed ns a
<br />panial prepayment without an)' prepaymenl charge under the Nole.
<br />13. Legislation AffectinR Lender's RiKhts. If enactment or e:ropmuiun of applicable law~ has the effect of
<br />rendering any provision of the Nole or thl5 Security Instrumenl unenfllrccuhle :u:cnrding to ils terms, Lender. ut it!-l nplton.
<br />may require immediute payment III full of all sums ~ured by tim, Secunty In!-ltrumenl and may invoke allY remeules
<br />pernul1ed b~' paragraph 19, If Lender exerclscs Ihls option, Lender ~hall tuke tht: steps specified 10 the second paragraph of
<br />paragraph 17,
<br />14, Notices. An) notice to Borrower pro....lded for," lIus Securily Instrument shall be gIven by deliv~ring it or by
<br />maihng II by first c1a~ mall unle,.s applicable law requires use of anolher melhod. The notice shall be directed 10 the
<br />Property Addres~ or any other addre.~ Borrower designate.. b)' notu:e to Lender. Any notice to lender shall be given by
<br />firsl class mail to Lender'~ address stnled hercm or any other addre~~ Lender de~lgnales by notice 10 Borrower. Any notice
<br />provided for in thl~ Secunty Instrument shall be deemed to have been given 10 Borrower or Lender when given us provided
<br />In Ihis pardgraph.
<br />IS, Governing Law; Seorerabi1ity, ThiS Security [1I~trumeI11 "ihall he governed hy federal law and Ihe law of the
<br />Jurisdiction in which the Property is located. In the event lhal any prO\'I'IOI1 or clause of thl~ SecurilY Instrument or the
<br />Note connicts with applicable law, .,uch conflict ~hall not affect olher pnwlsions of lhls Security (nstrume"! or the: Note
<br />which can be given effect wilhout the confllctmg provision To th" end Ihe prO\'i~l{lIIs of this Secunly Instrument and the
<br />Note: arc declared to be severable.
<br />16. Borrower's Copy, Borrower ~hall be given one cllnflJrmed ClIP) of Ihe NIHe nnd of Ihis SL"Curily Instrument.
<br />17. Transrer or the Property or B Beneficial Interest in Burrower, If all or an~ pari of the Property or all)'
<br />mte:rest in il is sold or transferred (or if a beneflelal mterC'!lt an Borrower 1', ,old or tran~rerred and Borrower is nol a nalUml
<br />pc~on) wuhout Lender's pnor wnUen consent, lender may, allt.. option, n.-qulre Immediate payment in full or all sumo.:
<br />~ecured by thiS Security Inslrumefl[. Howe\.'er. this opllUn ",hall 110t he e.\en':I''Icd hy Lender If exercise is prohlbiled h)
<br />federBllaw as of the dale: of this Security Instrumenl
<br />If lender exerC1Se\ this option, lender shall give Borru,,"er nllllC~ Ilf acceleCllllon, The nl)!ice !'IIhall pro\'ide a pcmld
<br />of not less than 30 days from lh~ dUle the notice i!; delivered or maIled .....llhln whIch Borrower JOust pay all...um!-l !ll.."t., fl'" hy
<br />thl!> Securi1y Inslcume:nt. If Borrower fail!. 10 1'3)" Ihe!te sum~ praor 10 Ihe e1lplration nfthl" period, I.ender ml.lY invoke: uny
<br />remedies pe:rmitled by this Security In!'olrument \Io'lthnul further OI11lce I)r demand (111 Borrower
<br />18, Borrower', Righi 10 RelMtate. If Bnrrower meel!i cerlalll (onditinns. Hnrco\\ier ...hall hU\'l' the: TIght 10 hun'
<br />enforcement ofthl!! Security Instrument di!iCnnlUlUed at an~'lImt' pnnr [U lht' earlier Ilt: la) 5 day' (or !luch olhcr pcnod U:'I
<br />Dflphcahle 1D.lA.' lOa)' 'ipeclf). for relnstntement) hcfore Mile of th~ Prnpeny pursuant I" an)" power of ,ale: l'nl1lamcd 111 1111"
<br />Seeunl) In"-trument, or (hI entry of a Judgmenl euforclI1g IhlS SecUTlt) In...lrumenl ThO'tC' condition.. llre thai n(Jrr('!w~r
<br />(al pa)'''' lender an 'ium~ u,'hlch then \IIould he duC' under thlO, Sel'unl) In..lrument and lhe Note had 1111 nCCcleTlllloll
<br />nccurrrd, (bl curo an~' defauh of an)' olhrr (twentlnh or ligrcem~nh: (.:J pu:... all e:\rcn...e.. lIH:urrcd In cnfon:lIlit tlll!'l
<br />SccUCU) In..lrumC'nl, mcludmg. hul nul IlInlled tf), reu,,"ontlhle aIl0rney'" (ee'.. and (dJ take, ..lh:h aC'1C11l a.. l.t'l\l.h,'r ma)
<br />reawnabl) requITe 10 3'1.ure thai the hen of rhl", Sccunt}-' I"",lrument. Ll'lIdcr'.. f1!lhr.. 10 lht' Pnlflt.'rl~ llnd IInl'll'l"t'r',
<br />uhhJlIllOh to. f\il~' Ihe ..urn.. rorcurl'd h). 1lu.. SecunlY Ir"lrumcnl ..hall L"llllllllUt' unl'h,1n~Cl1 \ 'pl1tl 1L'1!l't1:sIL'mt'1l1 11\
<br />l&nero...er, th,... ~un'~ (n...lrumenl and tht' Ilhhit;]llnn~ lo<'curet.l herol"h) \hilll fl'm:1I11 full~ l'fft'(Il\ t' Jt\ If Ihl .Ill I'kl :1111111 h,lIl
<br />'''l~UfTrd Itn-.('"..!:':", lhl" nfthl ,.. rem..I.lIII:...h..11 nul arr1'l> mille C:1o,(' 1,1 ~KLdf'r;Jrl'lfll1rukll'.lf.llo.'t:trh.. II "I 1"
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