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<br />88- 105823
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<br />If Lender required murtgage insurant"" as a condition IIf makinfl rhe Juan secured by rhis Security In-
<br />slfumem. Borrower shall pay the premiums required to maiorain Ihe insurance in cffect unril such rime as a requirement for
<br />the insurance terminates in accurdann:, with Burrower's and Lender's wrim.'n agn.>emenr or applkablc law.
<br />8.lnspecdon. It.'nder or ils agenr may mak<.- reasunable enrries upon and inspeniuns of rhe Property. Lender shall
<br />give Borrower nut ice.' al the lime uf nr priHe to an inspectiun spt:'cifying rc.'.asunable cause fur Ihe inspcniun.
<br />9. Condemnadon. The proceeds IIf any award or claim fur damages, direct IIf l'onst-quenrial, in connecrion with Bny
<br />condemnatiun ucother taking llf any part of the Property. or fnr(onvc~'.IflCt. in lieu uf condemnation, are hereby ilssigned and
<br />shall be paid to Lender.
<br />In dle event uf a uHal taking IIf the Propen)'. Ihe proceeds shall be applied Ul the sums seLured by this Security
<br />Instrumt.'Ot, whetherur nllt then due, wirh any excess paid to Burrower. In rheev~m of a partial takil1guf rhe Propeny, unJess
<br />Burrower anJ Lender otherwisc,' agrc''e in writinJ..:, the sums se:curc,>t.l by rhis Selurit), Instrument shall be reduced by the amuunt
<br />uf the prucc'-eds multiplied by thc" folluwing fractiun: (allhe IOtal amount uf the sums secured immc,>t.liately befure taking,
<br />divided by (hI the fair market value of Ihe: Property immediately before the taking. Any balance shall be paid to Borrower.
<br />If rhe Propc"ny is abandoned by Burrower. or if, afrer nl)rict" by Lender to Borrower that the condemnor uffers to make
<br />an award or sc,.ttle a daim fur damages, Burrower fails to respond Iu l.end!;'r within ,:;0 da)'s ufrer the date the notice is given,
<br />lender is autllUrized III collen and app'ly rhe pfllcce:ds, at .itS optinn, either tll ~t.'srurarij)n or repair of the Property or to the
<br />sums selured by this Security Instrument, wherher or nor thc"n dUl.'.
<br />Unless l.endc"r and Hurfllwer otherwise agree in writing. any applicaliun of pmccl'ds to principal shall nm extend or
<br />postpum' the duc daft' of rhe munthly paymems referred w in paragraphs I and 2 ur change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver, Extensiun IIf rhe time for payment ur
<br />mudificatilln llf amllrtization uf the sums secured by this St:'curit)' Instrument granted b)' l.eOller t(1 any successur in interest of
<br />Burrower shall nm operate lU rclcase the liability of the originul Borrowt:'r or Burrower's sun:essu;s in interest, Lender shall
<br />not be required ru cummence pruceedings against any successur in interest or'refuse ruextend rime fur payment otlltherwise
<br />modify amortizatiun of the sums secured by this Sec:urity Instrument by reasunof any demand made by thellriginal Burrower
<br />ur Borrower's suc:cesslJrs in interest. Any forbearance by Lender in t.'xercising an)' ris;ht or reml'd)' shall not be a wai\'Cruf ur
<br />preclude the exerc:ise of any right nr remedy,
<br />II. Successors and Assigns Bound; Joint and Several Liability; Co-signers, The W\'el1anrs and agreements Df this
<br />Security Instrument shall bind and benefil the successurs and assigns Ilf I.ender .lOd Borrower, subject to the provisions uf
<br />paragraph 17. UUffuwer's COVenants and agreements shall be joint and several, Any Borrower who co-signs this Sec:urity
<br />Instrumem but dnes nllt exCcutt.' the Note: (n) is co-signing this 5ecurilY Instrument nnly ru murtgage, gram andcunvc'j' that
<br />Bocrowc,'r's interest in the Prupeny under the terms IIf this Security Instrumcnt; (b) is nur personally obligated to pay the
<br />sums securt:d by this Security Instrument; and Ic' awc"c"s that Lendc"r and ;lOy other Burruwer may a~ree to extend, mudify,
<br />furbear or make any accommmlatiuns wirh regard tu the terms of this Securit), Instrument or rhe Nole withoUl that
<br />Burrower's C(lnsent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is suhjcct tn a law which scrs maximum luan
<br />charges, and that law is finally interpreled Sl) that the interest oruther Illan charges cullectednr to be collected incunnectiun
<br />with the In:m eXl'ced the permitted limi~s, then: (a) any such lu:.!n charge shall b~ reduced by the amount necessary to reduce
<br />the charge to the pt:rmitted limil; and (h) any sums aJrc"ady cullecred frum Burrower which exccl'dcd permitted limits will be
<br />refunded to Burruwer, Lender miJY chuuse [0 make this refund by ft.'ducing the principal uWl'd under the NUll' or by making a
<br />direct payment tu Burruwer. If a refund reduces principal, Ihe ft.'ducrilln will be tr(.'ated as a partial prepayment without any
<br />prepayment charge under the NUle,
<br />13. Legislation Affecting Lender's Rights. If enacunem or t.'xpiralilln (If applicable laws has the effect uf rendering
<br />any provision uf tht.' Nmeur this Security Instrumt.'m unenforn'ablt., Jccordin~ tn its tt.'rms, Lender, at itsupdun, may require
<br />immediate payment in full of all sums secureo by rhi~ Sel'uril)' ImlrumL'm and may invoke any remeoies permitted by
<br />paragraph 19. If Lender exercises this uptiun, Lender !ohalllJkt.' Ihe ~rt..p!o ~pel'ified in the second paragraph Ilf paragraph 17.
<br />l.t Notices, Any nntice (() Burrower pnwide:d fur in rill!!. Sl'UlfU)' Instrument shall be given by delivering it or by
<br />mailing it by first cluss mail unless applicable law rc''quire:!!. U!lt.'111 Jnllthl'r melhud. The nmiceshall be directed HI the Pruperty
<br />Address or any mher address Borrower designates by nuti,,' hi Lc.'udt.'r, Any nmice {(I lender shall be: given by first class mail
<br />tn Lender's address slatcd herein or any mher address Lc"nder designates by nlltice to Burrower. Any nmice provided fur in
<br />this Securiry Instrumem shall be deemed tu have bt:en given to Uurruwt.'r llr Lender when given as provided in this paragnlph.
<br />IS. Governing Law; Severability. This Security Inslrumcm shall be governc:d "y federal law and the law of Ihe
<br />jurisdictiun in which Ihe Property is located. In the evt.'nt that any provisinn ur clause uf this Security Ins~rument ur the Nmt.'
<br />conflicts with applicable Jaw, such wnflicr shall nut affect n~her pruvisiuos uf this Semriry Instrume.lt or the: Note which can
<br />be given effe(t withuut the conflicting pruvisiun. Tu this end the pruvisiuns uf this Securiry instrument und rhe: Nute arc.'
<br />declared tu be severable.
<br />16. Borrower's Copy. Burrnwl'r shall be given une confurmed wpy of the NOll' and (If this Security Instrument.
<br />17. Transfer of the Propeny or a Beneficial Interest in Borrower. If all or any parr uf the Property IIr any
<br />imerest in it is sold ur transferred (or if a beneficial imerest in Borruwer is suld or rransferred and Burruwer is nor a natural
<br />person) without Lender's prior written consem, lender may, at ils uptiun, require immediare payment in full uf all !jums
<br />secured by this Security Instrument, However, this uptinn shall ntH bt' t.'xerdsel.l by J.c"nder if t'xercis(.' is prohibited by feotral
<br />law a~ uf rhe date uf this Security Instrument.
<br />If Lender exerdses this optiun, Lender shall give nurruwer nmiceuf acceleratillO, The no~ice shall provide a period tlf
<br />t. ,t less than 30dllYs from rhedatf' the notice is deli\'ered or mailed within which Hormwc"1:" musl pay all sums sc:curt.'d by this
<br />Sc:Lurity Instrument. If Burruwer fails tu pay these sums prior tu the expiration of rhi.!. perino, Lender ma)' invoke any
<br />remedies permined by this Security Instrumenr wirhout funher nurice nr demand un Burrower,
<br />18, Borrowel"s Right (0 Reinstate. If Borruwer meets certain cunditions, Uorruwer shall have Ihe rip;hl to have
<br />enforcement of this Security Instrument discuntinued at uny time pritlr In rhe earlit.'r tlf: la) "j days (ur such IHhl'r peritld as
<br />applicable law may specify fur rcinstillement) befnrcsalcof Ihe Pnlpeny pursuant to any puweruf ~ille((lntaincd illlhis St:>
<br />(urity Ins1rumtnt~ ur (b) eorry uf a judgml'nl enforcing Ihis Sell1rity lnstrument. Those mmlirium Jrc Ihar Uurfllwc,'r: (a)
<br />pays Lender all sums which then wuuld he due under this Security Inslrumem Jnd rhl' Ntlle had nil ilL'll'IL'rJtlllll 1l((UrfL'J, lb,
<br />(ure~ ;lny defaultuf anyolher wnvenants IIr aj.;n'cments; lcl pays ;IUexpt."I1'ie!t inl'Urn,J incnfllrL'inp; 1111, Snlltll)' Imlttllllt'llt.
<br />lIu;luding. bUI nUl limned 1{" rCilsunuble .ltturneys' fl:es; and (t,1i l.lkt:!lt "'1I;h .ILtilltl J... Lt.'ndl'r IlUY a',I~IlIl.lhl)' n'tllllfl' tll ,l~.
<br />"un~ Ihill lhe lien III Ihis St:t.uru)' In!llrumelll,1..ender's righls in tht: Prllperty .lnd HurrmH'r'.. llhli,..:,111lIII III p,t\, 1Ill" 'IlIn..
<br />!tC'l.ured by Ihl~ ScLUflC)' Inslrumelll !ahallluntlOue unchallMt:J Upllll rt:Ul'I.lIt'lTlt"lll h)' Bill fllWl.I, 1111' "l'\Ulll\ [n,lllItllt'1I1
<br />,UlJ lht' uhhl<tJllun!o \t:lured hereby !ahall fc"main fully dlet..t1\1t' ,I.. II 1l1l,lnd('r,1l11111 h.ld "HllII('ol 11,,"nl'l rill' ll~ht I"
<br />felll\oUlco ~h.all ntn -'pply In chI;' "-d!iC' HI dudt't.!llun under pdtu,ltrj'ph, I ~ or I'.
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