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<br />88- 106127
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<br />IF Lender required martJl8ge insurance as a candilian of making Ih. loan secured by Ihis Securily Inslrumenl,
<br />~rrower ,~l.ef.!~~ l'~iJl!Th'~~ui~ 10 maintain Ihe insurance in effecl unlil such ti!"e as Ihe requirement for Ihe
<br />msuranii ~i:s.Ul~Cl! IVIIh Borrower'und Lender's wriltell agreement or applicable law.
<br />I, 'IIIIpectIOIIO:,',Lender' Drill aienl may make reasonable enlries upon and inspections of Ihe Property. Lender
<br />shaI1 give IlOiroWI\".lID1ice attlletlmeofOr prior 10 an inspecllon specifying reasonable cause for Ihe inspection,
<br />t;.-Cuilcleitdiatloa; "TIiepl'<ii:eeds of any award or claim for damages, direcl or <:onsecjuenlial, in <:onnectian wilh
<br />any condemnation or alher taking of any pan of Ihe Property, or for <:onveyance in lieu of condemnalion, are hereby
<br />assigned and shaI1 be paid 10 Lender.
<br />In the evenl of a lotal taking of the Property, the proceeds shall be applied 10 Ihe sums secured by Ihis Security
<br />Instrument, whether or nol then due, wilh any excess paid 10 BolTower. In Ihe event of a partial taking of Ihe Property,
<br />unless Borrower ud Lender olherwise agree in writing, Ihe sums secured by this Securily Inslrumenl shall be reduced by
<br />Ihe amount of Ibe proceeds multiplied by the following fraclion: (a) Ihe lotal all,ounl of Ihe sums secured immediately
<br />before Ihelaldng, divided by (b) the fair market value aflbe Property immedialely before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by BolTower, or if, afler notice by Lender 10 BolTower Ihat the condemnor offers 10
<br />make u award or settle a claim for damages, Borrower fails 10 respond to Lender wilhin 30 days afler Ihe datelbe nOlice is
<br />given, Lender is authorized 10 collecl and apply Ibe proceeds, allls option, either 10 restoralion or repair of Ihe Property or
<br />10 Ibe sums secured by Ibis Securily Inslrumenl, whether or nollhen due,
<br />Unless Lender and Borrower otherwise agree in writing, any applicalion of proceeds to principal shall not eXlend or
<br />poslpone the due dale of the monlhly payments referred 10 in paragraphs I and 2 or change Ihe amount of such paymenls,
<br />10. Borrower Not Releued; FarbearaJu:e By Lender Not a WaI.er. Exlension of Ihe lime for payment or
<br />modificalion of amartlzalion of Ihe sums secured by this Security Inslrument granled by Lender 10 any successor in
<br />interesl of Borrower shall nOI operale 10 release Ibe liabilily of the original BOlTower or BolTower's successors in interest
<br />Lender shall not be required 10 commence proceedings againsl any successor in inleresl or refuse to exlend time for
<br />payment or olberwise modify amortization oflbe sums secured by this Securily Inslrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in inleresl, Any forbearance by Lender in exercising any rigbt or remedy
<br />shall not be a wai.er of or preclude the exercise of any right or remedy,
<br />II. S_ 8Dd AalI1D1I1otutd; Joint and Seyeral Uabilll)'; eo.slllDers. The covenants and al'feOlllenls of
<br />this Securily Inslrumenl shaJJ bind ud benefit Ihe successors and assillDs"fLender and BolTower, subject 10 Ihe provisions
<br />or parasraph 17. Borrower~s covenants and 8grcemcnll shall be joint and several. Any Borrower who c::o-signs this Security
<br />Instrumenl but does nol execute the Note: (a) is co-signing this Securily Inslrumenl only to mortJl8ge, grant and <:onvey
<br />thai BolTower's inleresl in the Property under the lerms of this Security Inslrument; (b) is nol per.;onally obliJl8led to pay
<br />the sums secured by Ihis Security Inslrument; and (c) agrees that Lender and any olher Borrower may agree 10 extend,
<br />modify, forbear or make any accommodations wilh regard 10 Ibe lenns of this Securily Instrumenl or Ihe Nole wilhoul
<br />thai Borrower's consent.
<br />12. Loan CIw1lea. If the loan secured by this Securily Instrumenl is subject to a law which sets muimum loan
<br />charges, ud that law is Ilnally interpreted so that the inlerest or other Joan charges collected or 10 be collected in
<br />connection wilb the loan exceed the pennilled limits, tben: (a) any sucb loan charse shall be reduced by the amount
<br />necessary 10 reduce Ihe charse to the pennilled limil; and (b) any sums already <:ollected from Borrower which exceeded
<br />pennilted limits will be refunded to Borrower. Lender may choose to make this refund by reducing Ihe principal owed
<br />under the Note or by making a direct paymenllO Borrower, If a refund reduces principal, the reduclion will be treated as a
<br />partial prepaymenl wilhout any prepaymenl charge under Ihe NOle.
<br />13. LeIiaIalIOD Alfedloa Lender'. Rlpla. If enaclmenl or expiralion of applicable Jaws has Ihe effect of
<br />rendering any provision of the Note or Ihis Security Instrumenl unenforceable according to ilS lenns, Lender, at ils option,
<br />may require immediate payment in full of all sums secured by this SecurilY Instrumenl and may invoke any remedies
<br />pennined by paragraph 19. If Lender exercises Ihis option, Lender shall lake Ihe sleps specified in the second paragraph of
<br />parasraph 17.
<br />14. NotI-. Any nOlice 10 BolTower provided for in Ihis Security Inslrument shall be given by delivering il or by
<br />mailing it by fint clw mail unless applicable law requires use of anolher method, The nOlice shall be direcled to the
<br />Property Add.... or any other address Borrower designales by notice 10 Lender, Any nOlice 10 Lender shall be given by
<br />fint class mail to Lender's address staled herein or any olher address Lender designales by nolice 10 Borrower. Any nolice
<br />provided for in this Security Instrumenl shall be deemed to ha.e been gi.en 10 Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS. Govendoll LaW; SeverahUlI)'. This Security Inslrument shall be go.emed by federal law and Ihe law of Ihe
<br />jurisdiction in which Ihe Property isloc:ated. In the eventlhat uy provision or clause of Ihis Security Inslrumenl or Ihe
<br />Note conflicts with applicable Jaw, such conflicl shall not affecl olher provisions of lhis Securily Inslrumenl or Ihe NOle
<br />which can be given elfect wilhoutthe confticling provision, To this end Ihe pro.isions "f lhis Security Inslrument and Ihe
<br />NOlearedecJared 10 be sevcrable.
<br />16. Borrower'. (Apy. Borrower shall be given one confonned <:opy oflhe NOle and of this Securily Inslrumenl.
<br />17. Trauter of the Properly or a BeoefldaI IDIereIt In Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrow,,:r is sold or transferred and Borrower is not a natural
<br />person) without Lender7s priQr written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument, However, this option sball not be exercised by Lender if exercise is prohibiled by
<br />federal law as of the dale ofthis Securily Instrumenl,
<br />IfLenderexereiseslhis oplion. Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the dale the notice is deli.ered or mailed within which Borrower musl pay all sums secured by
<br />this Securily Instrument. If Borrower fails to pay Ihese sums prior 10 tbe expiralion of Ihis period, Lender may in.oke any
<br />remedies pennincd by this Security Instrumenl wilhoUI further nOlice or demand on Borrower.
<br />.1. Bono...,.. Rlpt to~. IF Borrower meets certain conditions, Borrower shall have Ihe righllo have
<br />enforcemenl of lhis Securily Instrumenl discontinued at any lime prior 10 Ihe carlier of: (a) 5 days (or such other period as
<br />applicable law may specify for reinstalement) before sale of the Property pursuanlto any power of sale conlained in Ihis
<br />Securily Instrumenl; or (b) entry of a judgmenl enforcing Ihis SecurilY Instrument. Those conditions are thai Borrower:
<br />(a) pays Lender all lumi which Iben would be due under Ihis Security Instrumenl and Ihe Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing Ihis
<br />Securily InS\l.'Umenl. including, bul nol limited to. reasonable allOmeys' fees; and (d) takes such action as Lender may
<br />reasonably require to wure lhal the lien of this Securily Instrument, Lender's nghll in the Property and Borrower's
<br />obIiption 10 pay the sums secured by this Security Inslrument shall <:onlinue uncbanged, Upon reinstalement by
<br />Borrower. this Securily Inslrumenl and theobliptions secured hereby shall remain fully effecli.e as if no aceclerallon had
<br />occurred. However. this riPllo reinslatuhall not apply in Ihe case of acceleration under paragraphs I J or 17
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