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87-" 101060
<br />If Lender required mortgage insurance as a condition of snaking the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrowers and Lenders written agreement or applicable law.
<br />_ _ _•7 =ewrtin__ of ehn Pmnert_ v, IxrdrJns]e on.
<br />shall give Borrower notice at the time of or prior to an inspection speefving reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection wits:
<br />any condemnation or other taking of airy part of the Property. or for conveyance in lieu of condemnation, are hereby,
<br />assigned and shall be paid to Lender_
<br />In the cent of a total taking of the Property. the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or net then due. with zny ex cess paid to Borrower- In the event of a partial taking of the Property,
<br />unless Bo.", wer and Lender otherwise agree in writicr. the su ms secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the fediowing fractimrt. (al the total amount of the sums - secured imtmediatedv
<br />before the taking, divided by (b) the fair market value .,f the Propem- immediately before the taking. Any balance shall be
<br />parer to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by Lender to Borrower that the condemnor Vets to
<br />make an award or "fie a claim for damages, Borrower fails to reioni to Leader within -10 days after the date the notice is
<br />given. Lender is aui horized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due-
<br />[ mess Lender and Borrower otherwise agree in w firing. any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and ? or change the amount of such payments_
<br />10. Borrower Not Released Forbearance By L.enier Aa a Raiser. Extension of the time for paymew or
<br />modification of amortization of the sums secured by the= Security Instrument granted by Lender to any successor in
<br />mtere t ,4 Borrow er shall not operate to release the hatslity of the original Borrower or Borrowers smn cessors in interest.
<br />Lender shall not he required to commence proceedings against env successor in interest or refuse to extend time &err
<br />payment or otherwise modify amortization of the sums se<-urril by This Security Instrument by reason of anv det infill nude
<br />by t he original Borrower or Borrower's successors in interest Arty f arbearfmce b% Lender in exercising any right or rcmeidv
<br />,halt not be a waiver of or preclude the exercise of any right or remady_
<br />11. Successors and Assigns Bound, Joint and Se++eral Gnii ley. Co-signers. The covenants and aueements of
<br />this Socurit-i Instrument shall bind and benefit the stsoo son and assigns of [ender and Borrower, subject to the p rmisions
<br />of paragraph I - Borrower% co%enants and agreements shall be thins and sevefaL Amy Borrower who cosigns this Sectmxv
<br />Instrument lout does net execute the Note. (a) is ca- signing r_bn, Sccunt% Instrument only to mortgage. grant mid ciiovcy
<br />that Borrowers interest in the Property under the terms of zhis `_tiecurt% Instrument. (bt is not pers malt obligitnd to pay
<br />the sums secured by this Security Instrument_ and fci,!revs that Lender and am other Borrower man agree to extend-
<br />modify. forbear or make arty accornow dattcros wrth regm tc? the terms arf this Security Instrument or the late ` -about
<br />that Borrowers consent.
<br />12. Loan Charges. If the ioan secured 1+v this Security Inttrument is saitfject tai a taw whice sets mlaCimSm khan
<br />charges. and that law is finally interpreted tic+ that the interest or xxbct kxin charges collected or to be collected in
<br />cooncctrrr. -ith the loan exceed the permitted limits. Then- (at an% such loan charge shall be reduced by the amonnr
<br />necessary to reduce the charge to the permitted limit, aril ttz ass sums adread% cnikcted from Borrower wttleh exceeded
<br />permitted horns will he refunded to Borrower Leader ins% sba-,fsc to male this refund by reducing the principal owed
<br />under the hire or by making a direct payment to Borrower 1l-a refs reduces principal, the reduction will be treated as
<br />partial prgnavment without any prepay ment charge under the Note
<br />13. Iegislation Affecting lender`s Rights. If e'.mactmsemt or cxperatroti of applicable larras hay the t9eect of
<br />Tradernig any pro. iston of the Note or this Se urrtx Instrument ienerifax <eaivr as . c3 :rig to it, terms. Leer. kr. at its; _k+t€.
<br />may regime immediate payment to full of al -onis secured by this S<iumy Instrument and may invoke an% remedies
<br />permitted by paragrapb I r, If Lender exercises this e+pitk n. Lend, - -,bail t"e the steers specified in the second paragraph of
<br />parag rape I-
<br />14. Notices. Any nott<c is Brr: +wee pr yulrx 3 %r tr, the. Sr. urrti. tmrtrmtertt shard bt gr %rn by d[ii%ertmg it c E 4iv
<br />whrig it by sirs: class mail unless appitmble law regn -Tres use tif moocher method- The notice shall- be directed to the
<br />Pnelierty Address or any other addres% Borrower de%mates txi - fotice to Lender. Anv notice To Lender skull be given bti
<br />first cia- mutt to Lender's adder stated herem or anv other address Leader designates is notice to rfcrrower. Any notice
<br />dr f r n this Se un Instrument shall. he deemed le have t%ecrt given to Bt rcm scr Lender when given asProvided
<br />in t;tis paragraph
<br />IS_ Gofve"dng tai. Severabifitc. hits Security Insiranient ,smell ts- i; *%crne r ts, federal law and The law of—tie
<br />j€tlisn"h:txilt 1r1 which the Property is located- In the event that any pro vis on <r :.hits, wt this Secunt% Instrument or the
<br />Note c,Llntliits with applicable law, such ccui#hct shall naM affect other pry issoais of this Securiy ins ttatnent x the Note
<br />whscd; can, be given elfect without the caon$etirto pro is m. ro this end the procisk-ris, of this Gcun >y.litstrume t And the
<br />Ntitr arc dey �arcd to be severable.
<br />16. Borrower's Copy. Borrower shall he given one conformed wren :-* the None ate.+ of this Secunty Instrument_
<br />1?. Trawler of the Property or a BeseScfaf taterest is Borrower. If all *r any part err the Property or any
<br />inteirsi in it is sold or transferred for if a befac crai interest in Borrower is s r+d cw trankferr<ti ::.end Borrower is not a natural
<br />s+ti.t w„how Lenders prior written consent. hinds may, at its ois wt require - tot CCMIc payment in tudl of ali stems
<br />wxurcd by this Stxurtty Instrument. Hoowe %er. this optr m shall not 'at cxrcisoi b. Lender if exer°ise is prihtbned lie
<br />federal taw As of tare date ofthis Secuntt lusttument.
<br />If Leader exorcises this .option, Lender shall give Borrower natkcc <f accek -stwn The Tiotice shall pro%idea period
<br />of mx less than 30 days from the date the "ice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Securny Instrument. If Borrower fails to pay these wins prtcr to thee,, mark cot tins Ky- d. Lender may im oke any
<br />remedies permitted by this Security- Instrument withm. further ta<ittcecr demand a rt Borrower
<br />i8. Barsowtr's Right to Reiatste. If Borrower meets certain condmo ns. Borrower %hali ha%c itie right to have
<br />enftnaxrnent of this Security lusirurnent discontinued at any time prior to the carlxr of (a) i dais (or such other perk -i as
<br />applicable law may spe ify for rernstatcment i before sale of the Property pursuant to any power of sale camiained in thi,
<br />5ecurov Irrstrumcni; or (bI entn of a judgment enforcing thr% Security Instrument Those condition, arc that Borrower
<br />Is) pays Lender all sums which then would be clue under this yeasty Instrument and the Note hat no Acceleran, :n
<br />?vtuned. (h) cures any default of anv other covenants or agreement,; ice plays all cNperrses incurred if) enforcing this
<br />Security Instrument, irwhidtng. hue not limited to. reasoriable attorneys' Pecs, and idi takt:- such actiov as Lender ma%
<br />reasonably require io assure that the lien of this Security instrument. Lcrxicr', zrythr, in the Pre +perte Arid Burn,wcr',
<br />robhgatuni t," pay the sums smurcd by ?hr, purity instrument shall r unchanged i 'Iv,n rcnisi.tternerit n%
<br />tk,rrowcr. this Security lfwfunwnt atkl the ,biigatitim %r<ured hcrch% .hall rumour. Sully efrecti +c A, if n,,.ic�clefatioll had
<br />i;.-rc t lie wr ei'- this right lie rrnai:ate. hall not apply in the case ni s..,rlr rots ;,r. umier 1 �,r ,
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