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<br />87-- 102219
<br />insurance as a condition of making the Ivan secured by this Security In-
<br />strument, rruwet s iums required to maintain the insurance in effect until such time as a requirement for
<br />the insurance terminates in accordance wirh Borrower's and lender's written agreement or Applicable law.
<br />B. inspection, lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Borrower notice at the time of or prior to an 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 any
<br />condemnation or other taking of any part of the Property. or for conveyance in lieu of condemnat ion, are hereby assigned and
<br />shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied u) the sums secured by this Security
<br />Instrument, whetheror not then due, with any excess paid to Borrower. In the event of a partial takingo>f the Property, unless
<br />Borrower and Lenderotherwise agree in writing, thesums secured by this Security Instrument shall be reducedby the amount
<br />of the proceeds multiplied by the following fraction: (a) the total Amount of the sums secured immediately before taking,
<br />divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower.
<br />If the Property is abandoned by Burrower, or if, after notice by Lender to Burrower that the condemnor offers to make
<br />an award or settle a claim for damages, Burrower fails to respond to Lender within 30 days after the date the notice is given,
<br />Lender is authorized to collect and apply the proceeds, at its option, either too restoration or repair of the Property or to the
<br />sums secured by this Security Instrument, whether or not then due.
<br />Unless lender and Burrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred al in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Lxtension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by lender u) any successor in interest of
<br />Borrower shall not operate to release the liability of the original Burrower or Borrower's successors in interest. Lender shall
<br />not be required to commence proceedings against any successor in interest or refuse toextend time for paymenror otherwise
<br />modify amortization of the sums secured by this Security Instrument by reason of any demand made by theoriginal Borrower
<br />or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or
<br />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 this
<br />Security Instrument shall bind and benefit the successors and assigns of Lender and Burrower, subject to the provisions of
<br />paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Burrower 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 that
<br />Borrower's interest in the Property under the terms of this Security Instrument, (b) is not personally obligated m) pay the
<br />sums secured by this Security instrument, and (c) agrees that lender and any other Borrower may agree n) extend, modify,
<br />forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that
<br />Borrower's consent.
<br />12. Loan Charges. It the loan secured by this Security Instrument is subject u) a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest ur other loan charges collected or it) be collected in connection
<br />with the loan exceed the permitted limits, then: (a) any such loan charge shall Ix reduced by the amount necessary to reduce
<br />the charge to the permitted limit, and (b) any sums already collected from Burrower which exceeded permitted limits will be
<br />refunded to Burrower. Lender may choose to make this refund by reducing the principal owed under the Nate or by making a
<br />direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any
<br />prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of rendering
<br />any provision of the Note or this Security Instrument unenforceable according u) its terms, Lender, at its option, may require
<br />immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by
<br />paragraph 19. If lender exercises this option, Lender shall take the steps specified in the second paragraph of paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The not ice shall be directed to the Property
<br />Addressor any other address Burrower designates by notice al Lender. Any notice to lender shall be given by first class mail
<br />to Lender's address stated herein or any other address lender designates by notice to Borrower. Any notice provided for to
<br />this Security instrument shall bedeemed to have been given to Borrtweror lender when given as provided in this paragraph.
<br />iS. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security instrument or the Note
<br />conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can
<br />be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Nutt are
<br />declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Property of any
<br />interest in it is sold of transferred (or if a beneficial interest in 141orrower is sold or transferred and Burrower is not a natural
<br />person) without Lender's prior written consent, lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, thisoption shall not be exercised by Lender if exercise is prohibited by federal
<br />law as of the date of this Security f nstrument.
<br />If Lerwler exercises this option, lender shall give Borrower notice of Acceleration, *File notice shall provide a perionl of
<br />tux less than 30 days from thedate the notice is delivered or mailed within which Burrower must pay all sums secured by this
<br />Security Instrument. It Burrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Burrower
<br />L I#. Borrower's Right to Reinstate. If Borrower meets certain conditions. Burrower shall have the right to have
<br />enforce ment of this Security Instrument discontinued at any time prior ms the earlier of i a 1 S days (or such other pvritxl as
<br />Apply able law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in tilts Sc
<br />curity, Instrument; or (b) entry to a judgment enforcing this Security instrument. Those conditions are that Burrower (,1 i
<br />pays I,ensler all ruins which then would bedue under this Security Instrument and the Note had no aocelvi ation ocrtoeed, (b)
<br />cures any default of arty outer tonverlantsor agreements; (c I pay's t1II expenses Illicit rcd III enfur, Inn tht 'stKUllty Ins! YtlloVol,
<br />irac6Ablig, but riot limited to, reAslnaf)Ic aitornrys fees; and (di takt,s such anon .n Lendcv m:ry re asonahlp require to .1,
<br />sure that the hoot of this Security I list runorit, Lcoder's rights in the Property .wd Burro"t, . s�bhgaoon to I'- the 1-111
<br />*rrureoi bs this 1sVcwuv Int /rllnlerlt shall otntutue unthangrd 111xnt rrmst.uenscnt hr B „!tower. (ills ?eculuy Insnumeru
<br />at'ut ow ,,bligarioos %cs utcd fserehy shall rt'atain htily CHO it” ds it it', .,o,rh- +.,n,,,, 1,.1,1 ,,,, u: rc,l Hnwe•.er, ,I -n� 1,}:ht r„
<br />rrmw,ty shall asst epply m Oct, ta5r ?4 accele ,4111lm Whirr p10-;J J;'l1s ! , ,.r
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