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<br />88- 105350
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<br />IF Lender requiral mOrlPle Insurancc as . condition of m.king th. loon secured by this Security In5lrument,
<br />Borro..er shall pa~ th. premiums r<<juired 10 mainlaln th. insuranc. in .rrecl until such Iim. as the r"luirem,nt for th.
<br />Insurancc teriiiiniteiili1'~~ wlt/rllonvwer's and Lender's ..ritten .greement or applicoble I.w,
<br />I, ~' 'LIaOCi Drrlls,iieili l\lOy moke reuonoble entries upon .nd inspections of the Properly. Lender
<br />shoJI live Bofrowe:r ~ Ii. iJloi~^or or priOr to an iJlJpection specifying reuon.ble couse for the Inspection.
<br />,. ('[11- dt..., TIie jRocOOda oIOIIY ....rd or claim for dom.ges, direct or consequenti.l, in connection with
<br />any condemnotlon or other toking of any port of Ihe Properly, or for conveyance in lieu of condemnation, ore h.reby
<br />usiJDed OIId IIWI be p.ld to Lender,
<br />In !be evenl of. toW tokinl of Ihe Property, Ihe procc:cds shall be .pplied 10 the .ums =ured by Ihi. Security
<br />Instnnnenl, ..Itelher or nOl then due. with any excess paid to Borrower. In Ihe event of. portio) laking of Ihe Property,
<br />unl.. Bomrwer and Lender olherwise qree in wriling, Ihe sums serural by this Securily Instrument sholl be raluced by
<br />the ....Dunt of the proeeeds multiplied by the following fraction: C.) Ihe 10t.llJllount of the sums secural immedialely
<br />before !be toIdnl, divided by (b) the fair rnorket volu. oflhe Properly immedi'lely before the taking. Any b.l.nce sh.1I be
<br />paid to Borrower,
<br />If the Property is abandoned by Borrower. or if, after notice by Lender to BolTJ"lwer that the condemnor offers to
<br />make OII.word or seltle. eWm for dom.ges, Borro..er f.ils to respond to Lender within 30 days aner the dat.lhe notice Is
<br />&iven, Lender Is .uthorized to collect and .pply Ihe proceeds, .t its option, either 10 restoration or repair of the Property or
<br />10 the sums secured by this Security Inslrument. whether or nOllhen due.
<br />Unl... Lender and Borrower otherwise .gree in wriling, .ny applicotion of proCeeds to principal shall not extend or
<br />pootpone the due date of the monthly payments referred to In p.rographs I and 2 or change the amount of such payments,
<br />10. Borrower Not Releaed; Forlleannce By Leader Not. WoI..r. Extension of Ihe time for payment or
<br />modification of amonization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />int.e:relt of Borrower shan not operate to release the liabilit'; of the original Borrower or Borrower's successors in interest.
<br />Lender Ihall nDt be required to commence proceedinp against any successor in interest or refme to extend time for
<br />payment or otherwi!.e modify amortization of the sums secured by this Security Instrument by reason orany demand made
<br />by the orisinol Borrower or Borrower's .ucceuon in interesl, Any forbearonce by Lender in exercising any right or remedy
<br />.hoII nOl be. waiver ofor preclude the exercise ofmy righl or remedy,
<br />II, s.ra.an.... AooIpI Boud; JoIal .... S..erallJobUlty; Co-olpen. The cov""anlS .nd agreemenlS of
<br />this Securily Instrumenl.hoII hind and benefitlhe successon and assign. of Lender and Borrower, subject 10 th. provisions
<br />of porogroph 17. Borro..er's covetWlb and .greemenb .holl be joint .nd several. Any Borrower who co-signs this Security
<br />Inslrument bul does nOl execute the Note: (.) is co-t:igninglhis SecurilY Instrument only to mortgage, gront and convey
<br />thol Borro..er's inten:st in Ihe Property under Ihe terms oflhis Security Instrument; (b) is not penonally oblig.ted to pay
<br />lhe S\lJJll secured by this Security Instrument; and (c) .grees Ib.t Lender and any other Borrower m.y .gr.. 10 extend,
<br />modilY, forbear or moke any OlXOItImodalions with reprd to Ihe terms of this Security Instrument or th. Note without
<br />thol Borrower's consent.
<br />11 LomI 0Iup0. If the loan _ured by thia Securily Instrument is subjecllo a I... which sets muimum loan
<br />chusa. and thot 10.. Is fInoIIy Interpreted so thol the in......1 or other loon chorges collecled or to be collected in
<br />colll1a:tion wilh the loan 9C<<d the permilled Ilmib, Ihen: (.) OIly such loan chuge shall be reduced by the omount
<br />necesury to reduce the choqe 10 the permitted limit; and (b) OIly sums oIreody collected from Borrower which exceeded
<br />permilled Iimib will be munded to Borrower. lender moy choose 10 m.ke this refund by reducing the principal owed
<br />under the Note or by mBi<itlll. direct payment to Borrower. If a refund reduces principal, Ihe reduclion will be treoted as a
<br />partioI prepayment without any prepaymenl chorge under the Note.
<br />13. LeIIoIodoa Alreellna LetIdft'. RlabIB. If .n.ctmenl or expiration of applic.ble laws has Ihe eITect of
<br />rendcrina any provision of the Note or this Security Instrumenf uncnforcca.ble according to its terms, Lender, at its option,
<br />moy require immediate paymenl In full of 011 sums secural by this Security Instrument and may invoke any remedies
<br />permilled by porogroph 19. IfLend.r exercises this oplion, lender sholltok. the steps specified in the second par.groph of
<br />porogroph 17.
<br />14. NoIiceL Any notice 10 Borrow.r provided for in this Security Instrument sh.1I be given by delivering it or by
<br />m.i1inl il by finl closs mail unless applicoble 10.. requires use of .nother method. The notice shall be directed to the
<br />Property Address or any other oddress Borro..er design.... by nolice to Lender, Any notice to Lender sholl be given by
<br />lint c.... moil to lender.s oddr... stoted herein or .ny other address lender designates by notice to Borrower. Any notice
<br />provided for in this Security Inltrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this porogroph.
<br />15. Gonndq Law; SnenbIIIty. This Security Instrument sh.1I be governed by federollaw .nd th, law of Ih.
<br />jurildictiOll in ..hich the Property Is 10000ted. In the eventthol my provision or clause of Ihis Security Inslrument or Ihc
<br />Not. conlIiCIll wilh .pplicoble 10.., such conftict sholl not alTecl other provisions of this Security Instrument or the Note
<br />which can be giVel1 elrect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />NOIe are ckdor<d 10 be severable.
<br />16, 8orrower'a eo", Borro..er sholl be given one conformed copy of the Note and of Ihis Security Instrument,
<br />17. Tn.fer 0' lIle Property or a Beaellclollnl.real In Borro..r. If all or any pari of Ihe Properly or any
<br />interat in it is IOId or transf'CI1"ed (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />penon) wir.hout Lender's prior wrinen consent, Lender may. .1 its option. require immediate payment in full of all sums
<br />secured by !hil Security Instrument. However. this option shall n'i)l be exercised by Lender if exercise is prohibited by
<br />federaJ .... as of the dale ohhis Security Instrument,
<br />If l.aJder exercises !his option, Lender lhall give Borrower notice of acceleration. The nolice shan provide a period
<br />of'notless lhan 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these IUIM prior to the expiration afthis period. lender may invoke Bny
<br />ranedieI permitted by Ihil Security Instrument without further notice or demand on Borrower.
<br />I~ 80rr0wer'. JUpt to Reillllllte. If Borrower meetJ cenain conditions, Borrower shall have the naht 10 have
<br />enron:cmel\l "fthil5el:urity Instrument dilCOlltinued at any time prior to the earlier of: (a) S da)'! (or such other pcrioo. as
<br />applicable law may lpecify for ftinstatement) before sale of the Property PUflwml to any power of sale contained in this
<br />Security lD5trument; or (b) entry or a judpnent cofomnl this Security Inslrument. Those: conditions are that Borrower:
<br />(I) ,.,.. I..atckr IllI IUftll which then would be due under this Security Instrumenl and the Nole had no acceleratio.n
<br />oc:cumd; (b) cum any def.ult 0' OIly OIhcr covenonlS or _Ill; (c) pa)" 011 expenses Incurred In enforcing ibIS
<br />Security IMtrumcnt, incJudinl. but not bmiled to, I'EaJOfIable Ittomc)'5' fees; and (d) takes !ouch action as lender may
<br />reMOnabIy ftQuire to allure tbat the lim of this Security IDltrument, Lender', "Ihts In the Property and Borrower'l
<br />obIiption to pay the awns ItCUnd by tho Security Instrument .ball continue unchanged. Upon reinstatement by
<br />8om:Prta. thi, Securily In'~ru.mm' and lbe obliptioulCiCUred hereby shall remain fully elfC"l:llvt' Il5 Ifno acceler.llon had
<br />occurnd. However, thili natnto mnstale shaJl nOlapply in the cue of ~cn.Uon under pllra8raph!l 13 or 17
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