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87- 1G29,30
<br />' If Lender required mortgage insurance as a condition of making 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 Borrower's and Lender's written agreement or applicable law.
<br />g Itrrower n Lender or its agent may make reasonable entries upon and inspections of the Property - Lender
<br />shall give Borrower rwtice at the time O'or prior to an inspection specifying reasonable cause for the inspection.
<br />9' The Proceeds of any award or claim for damages, director con
<br />any condemnation or other taking of any part of the P sequential, in connection with
<br />assigned and shall be paid to Lender, Property, or for conveyance in lieu of condemnation, are hereby
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums
<br />Instrument, whether or not then due, with any excess paid to Borrower. y this Security
<br />In the event of a partial taking secured b b the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />paid t the taking, divided by (b) the fair market value of the Per immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to tender 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 or repair of the Property or
<br />to the sums secured by this Security Instrument, 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 1 and 2 or change the amount of such payments.
<br />16 Borrower Not Rekye; Forbearance BY Lender Not a Waiver. Extension Of the time for
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not Payment or
<br />operate to release the liability of the original Borrower or Borrower's succ
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse (o extend time for
<br />essors in interest.
<br />Payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not
<br />Ill. 0--clafteores be a waiver of or preclude the exercise of any right or remedy.
<br />this Security Instrument sal Assigns n " fi� 011111 �c Seves acrid e�g S ;f Lender and Borrower, a
<br />Y tptr an orThe covenants and agreements of
<br />of 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
<br />that Borrower's interest in the Property under the terms of this Security instrument; (b) is not personally Obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree co extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note with(,ut
<br />that Borrower's consent.
<br />12. Loy CUarges. If the loan secured by this Security instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit and (b) any sums already collected from Borrower which exceed
<br />Permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed ed
<br />under the Note or by making a direct payment to Borrower. Ifa refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. LAgMstim Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option.
<br />may require immediate payment in full of all sums Secured by this Security Instrument and may invoke any remedies
<br />Permitted by paragraph 19. if Lender exercises this option, Lender shall
<br />paragraph 17. take the ste Ps s pecified'n the second paragraph of
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or by
<br />[nailing 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
<br />first class [nail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any nntice
<br />Provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing LAw., Severabillty. This Security Instalment shalt 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
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security instrument or the Note
<br />which are declared to be severable.
<br />eh can declared given effect without the conflicting provision.
<br />Note TO this end the Provisions of this Security Instrument and the
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument,
<br />17. Transeler of the Property or a BeaeReial Interest in Borrower. If all or an y Part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Bo:Tower is sold or transferred and Borrower 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, this option shall not he exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />Of M It"
<br />If exercises this
<br />from thoption, da due notice s delivered or mailed within which Ofacceleration The notice shall
<br />must pay all Pums�srcured b
<br />this Security Instrument. If Borrower fails to Secured
<br />permitted by this Security Instruments without further notice the r demand on of orroweriod' Lender may invoke any
<br />enf 1g• g�'�'s Right to Reimtate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />oretevent of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period as
<br />a law may specify for reinstatement) before sale of the Property
<br />Security instrument: or (b) entry of a judgment Foresail! this
<br />inpursuant
<br />tr suantt to
<br />Tang Power (If nsale celled ed in the%
<br />(s) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />Occurred., (b) cures any default of any Other covenants or agreements; !c)
<br />aunty instrument, ' "eluding, but rum limited to, reasonable attorne s' f pays all ex takes incurred in entiircmR this
<br />r Y require to assure that the lien of then Security lnsirument5 I.e randig(htsttan thsu,,h pertyia N I ender renae
<br />e ta(ni tO pay Idle sums secured by this Seurity Instrument shall continue unchanged (;Pots rein >iatement by
<br />Borrower' [tats !wcuaty Instrument and the obligation%secured hereby shall rernam fully eflevtne as it nu acccleran „n ha,,
<br />ucarred, However, this fight to reinstate %hall not apply in the case of ac releranmt under Paragraph. 1 i „r 17
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