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87--102312
<br />Be"*If Candor required mortgage insurance as a condition of making the loan secured by this security Instrument,
<br />— ahW Pay the Premiums required to maintain the insurance in effect until such time as the requirement for the
<br />r iat:urance terminates is accordance with Borrower's and Lender's written agreement or applicable law.
<br />g. !•apeMea• Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />11" Bartow Mies at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9• • The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br />condemnation of other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby assigned
<br />and shW be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instri meat, whahar or rot then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />uRkes Borrower and Lender Otherwise Wee in writing, the sums secured by this Security Instrument "I be reduced by the
<br />amount of,the proceeds muhiplied by the following fraction: (a) the total amount of the sums secured immediately before the
<br />taking, divided by ro) the fair market value of the Property immediately before the taking. Any balance shall be paid to
<br />Borrower.
<br />If the Property is adandoned by Borrower, or if• after notice by Lender to Borrower that the condemnor offers to
<br />Stake as award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its option, either to restoration err repair of the Property or
<br />to the slmu secured by this Security Insturent, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, 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 2 or change the amount of such payments.
<br />I!. Borrower Not Relow, ; I`orbeanace By Lender Not a Waiver. Extension of the time for payment or modification
<br />of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower
<br />shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be
<br />required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify
<br />amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or
<br />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. Sneewon and Assigns Bound; Joint and several UabMlly; Co-signers.
<br />Security Instument shall bind and benefit the successors and assigns of Lender nd Borrower, subjectdto agreements
<br />he provisions of
<br />Paragraph 17. Borrower's covenants and agreements shall be joint and several, Any Borrower 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 to pay the
<br />sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to 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. Low Charges. If the loan secured by this Security Instrument is subject to a law which sets maximu lo
<br />with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to
<br />m an
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection
<br />reduce
<br />the charge to the Permitted limit; and (b) any sums already collected from Borrower which exceeded Permitted limits will be
<br />refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making
<br />a direct payment to borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment wihout any
<br />Prepayment charge under the Note.
<br />13, I.agialUME Agee ft Leader's Rights. If enactment or expiration of applicable laws has the effect of rendering any
<br />Provision of the Note or this Security Instrument unenforceable according to 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 ar rah of ar
<br />11. N011M. Any notice to Borrower provided for in this Security Instrument shall be given gby delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first
<br />class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />Provided ra in this Security Instrument shall hx deem
<br />this paragraph. ed to have been given to Borrower or Lender when given as provided in
<br />13. Gev01`11faL Law; Sevenddky. This Security Instrument shall be governed b federal law
<br />jurisdiction in which the Property is located. In the event that an Y and the law of the
<br />Note conflicts with applicable law, such conflict shall not affect therProvisions of this Security Security
<br />umentuorethe Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are dxiared to be severable.
<br />16. •eeeewef's Celt'. Borrower shalt be given one conformed Copy of the Note and of this Security Instrtunent.
<br />17. Trnuder of tie �y or a Seettlelal Interest in Borrower. if all or any part the Prrty r in it
<br />is gold or transferred (or if a beneficial interest in Borrower is sold or transferred and oBorro Borrower notaanaturalrperson)
<br />without Lender's Prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by
<br />"W Security Imtrumettt. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of
<br />the date of this Security Instrument.
<br />if Leader exercises this option, Leader shall give Borrower notice of acceleration. The notice shall provide a period of
<br />not less Utah 30 days from the date the notice is delivered or mailed within which the Borrower must Pay all sums secured by
<br />the ass P Security l tied b tit. If Borrower fails to pay these sums Prior to the expiration of this period. Lender may invoke any
<br />femadia by this Security Instrument without further notice or demand on Borrower.
<br />IS,'a VAIM to► Ralnaase. If Borrower meets certain conditions. Borrower shall have the right to have
<br />spipaoshile law Of this security Instrument discontinued at any time prior to the earlier of: (a) S
<br />way specify for Fchmstemmt) before sak of the Pro days (or such other period as
<br />Sacteky Ismlfsnmeat, or (b) entry of a judgment enforcing this Security tY Pursuant to any power of sale contained in this
<br />Me longer, which then would be due under this Security stument and the Noe had no acceleration act rower:
<br />rad; (b)
<br />cwu MY default of any �r covenants or agreements (c) pays All expenses incurred in enforcing this Security occurred; ( Instrument.
<br />liarkad to, rataonable attorney's fees; and (d) takes such action as Lender may reasonably require to assure
<br />b"7 tat YM of Ntis seeurky Instrument, Lender's rights in the Property and Borrower's obligation to Pay the sums secured
<br />by,tie 9ausaaity 1 t shed continue unc
<br />haiv ea Upon reinstatement by Borrower, this security Instrument and the
<br />reebe c se Of ccel remain fully effective hs If no accelent!on had occurred. However, this tight to reinstate shall
<br />Sa Miry let the case of acceleration utter Part�ttphe 13 or 17,
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