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<br />87-- 103002
<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 ins�cordartce with Borrower's and Lender's written agreement or applicable law.
<br />g. IRptcdWo. 'tendev or its agent May make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrowerianto4cat the it of or prior loan inspection specifying reasonable cause for the inspection.
<br />9. Coodemaatlon. site Ile Qcceds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and snail be paid to Lender.
<br />in the event of a total taking of the Property, the proceeds shall he applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of 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 />before the taking, divided by (h) the fair
<br />paid to Borrower. market value of the Property immediately before the taking. Any balance shall be
<br />If the Property is abandoned by Borrower, or if, after notice by Lender in Borrower that the condemnor offers to
<br />make an 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 t he proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Sccunty 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 tom paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<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 operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lander shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<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 excrcisipg any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11, Successors cud MOM Bound; .Joint sad Several Liability; Co- signers. 'The covenants and agreements of
<br />this Security Instrument shall hires and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several Any Borrower who co -signs this Security
<br />Instrument but dries not execute the Mote: (a) is co- signing this Security Instrument only to mortgage, grant arid convey
<br />that Borrower's interest in the Property under the terms of tilts Sccurny Instrument: (h) is tut personally obligated to pay
<br />the sums secured by this Security instrument• and Ic) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard its the terms of this Security Instrument or the Note without
<br />that Brrrower'sconunt.
<br />12. Loan (-'barges. If the loan secured by this Security insirtnnew is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan ;barges aallrctccf or uo he collected in
<br />Connection yt with the loan exceed the permitted limits. then: (a) any wch loan charge hail he reduced by the amount
<br />ncccssary, to reduce the charge to the permitted limit, and (h) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower Lender may chtiosc to make this refund by reducing the principal owed
<br />under the Note or by making a direr.•( payment to Borrower if a refund reduces principal, rite reduction will be treated as a
<br />partial prepayment without any Prepaymatit charge under the Note.
<br />13. L.cgialation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Nore or this Security instrument unenforceable according uo us ierms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may imokc any remedies
<br />permitted by paragraph ly If Lender exercises this option. Lender shall take the steps specified to the second paragraph of
<br />Paragraph 17-
<br />14. Notices, Any notwc to Borrower provided for in this Secants Instrument shall he gtven by delivering t or by
<br />rmadmg it by first class mail unless applicable law requires use of another incthoi1 The notice shall be directed to the
<br />Property Address or any ether address Borrower designates by notice to Lcnder. Any notice to Lender %hail be given by
<br />first class mail to L.ender's address stated dterem or any ether address Lender destgnalt, by nOlILe to Borrower. Any notice
<br />Provided for in this Security Instrument shall be deemed 10 have been given tot Borrower or Lender when given as provided
<br />Ili this paragraph.
<br />15. Governing Low; Severability. Thu secunts Instrument shall h, gokerned by federal law arid the law of the
<br />jurisdiction m which the Presperts is located. In the event that any provision or clause of tha S"Urity Insirurnent or the
<br />Note conflicts with applicable law, such conflict shall riot _ffect other provisions of tills Security Instrument or the Note
<br />which call be given effect without the eon0tcting provison. To this end the provnxaai% o(ihu. Security Lnttrument and the
<br />'dote are declared to be severable.
<br />If. Borrower's Copy. Borrower shall be given one conformed copy of the %me and of (hr, Sccuraty Imtruinc•nt
<br />17. Transfer of the Priperty or a Beneficial Intereei 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 FK)rrower is sold or transferred Arid Borrower is not a natural
<br />perm) wi hitut L.cafdcr's prior written consent, lender may, at its option. rcqutrc unoaediate payment m full of ail sums
<br />%neural by this Security Instrument. However, this option shall not he ex
<br />cu'ised by Lender if exercne is pr,rinhited by
<br />feral law as of the date off this SOL unty Instrument. -
<br />If L r exercises this option. Lender shall give Burrower noUCe of acceleration I he notlCc• shall provide a period
<br />of rite less than .10 days from the date the notice is delivered or mallsxd within which Lkrrrnwer roust pay all sums sccurerl hs
<br />ihis ScLurify instrument- If Bwrower fails to pay these sums print to the expiration of tld% period, I.enca mar awoke any
<br />r s peimitied by I" Security Instrument without further notice or demand on Borrower.
<br />M. Dociewws Right to Reinstate, if Borrower meets certain conditions, lEorrower shall have the right ho brie•
<br />enfrtcement "f sin's S"urity Instrument discontinued at any time prior to the earlier of (a) 5 clays (or such other lie rn d as
<br />w Eau niay sp ifs ftt reinstafrmont) before sale of the Property pursuant to any lwwer of sale contained in this
<br />S� (seers Insarurnema, (t (b) cliff) of a Judgment enforcing this Scx unty Instrument. Those condition% art that litorrnarr
<br />ia) pays Lour all sums which then would he due under this Security Instrument and flit: Notc had it,, acceleration
<br />rKcurred, (h) cures any default oE' any other covcnants or agreements: (c) pays all expense, secured set enforcing this
<br />Seturiiy Inaffuraacrit, 10,04sding, but turf limited to, reasonable at (If nes%' Itcw: anti ((if takes su.h a,tion as I cocks ni :ty
<br />r ay f uore to avaurc that the lien 0I tills Security Instrument. l.crider's rights in tire !'motets and Ilorn,wery
<br />t.ah$agatrorri io pay the sums Wcured by this Security In %truirienr shall t.,nnnut unchanged ('loon ten stasenacni by
<br />fkwrses. this `lac :uraiy liastruinaent anti theotohgaiunrs secured hrrrho shall remain fial1L efte.tt,; as if n., :t ccierati, +n h:a.!
<br />yet'.: urrrxf iL rte :rs. ! has sight r +e terostate %seals nest appEy uo tilt' cos+r a,f .e.rc!er;jtr„n under t7,ir.,ya ail :. l lo, t
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