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86 - 100043
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as a requirement for
<br />the insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />8, 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 conveyame in lieu of condemnation. 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 to rile 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, unless
<br />Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount
<br />of the proceeds multiplied by the following fraction: cal the total amount of the sums secured immediately before taking,
<br />divided by lb't the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower
<br />It the Property is abandoned by Borrower, or if, after notice by Lender to Burrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails to respond to Lender within 10 days titter the date the notice is gn en,
<br />Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to doe
<br />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 t and 2 or change the amount of such payments.
<br />10. Borrower Not Released, Forbearance By Lender Not a Waiver. lixtension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to arty successor in interest of
<br />Borrower shall not operate to release the liability of the original Borruweror Borrower's successors in interest. Lender shall
<br />nut be required to commence proceedings against any successor in interest or refuse to extend time for payment or orherwise
<br />modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower
<br />or Borrower's successors in interest. Any forbearance by Lender in exercising any right car 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 u: the provisions of
<br />paragraph 17. Borrower's covenants and agreements shall he joint and several Any Burrower who ko -signs this Security
<br />instrument but does not execute the Note: (a) is co- signing this Sectrrty Instrument only tic nurrtg• gr.l rant and L nvey that
<br />Borrower's interest in the Property under the terms of this Security Instrument, -br is not prr%onally ,ibligated to pay rile
<br />sums secured by this SeCurny Instrument, and it) agrees that Lender :tint .ult uthei Rurruwrr may agree tt, extend. modify,
<br />forbear ur make any accommodations with regard to the terms of this Seumt• Insrrunc•nt or the Note without that
<br />Borrower's consent.
<br />12. Loan Charges. if the loan secured by tilts Security Instrument is subject it) a law which sets maximum loan
<br />charges, and that law is tinally interpreted set that the interest tie other loan charges tullectrd rIr ul beuilkcted in ecrrinection
<br />with the loan exceed the permitted limits, then. ! a) any su(h lout Charge shall lx reduced by rho amount netessary of reduce
<br />the charge to the permitted loom; and t b) any sums already collected h'urn Burrower which exceeded permitted Im:its will be
<br />refunded to Borrower. lender may choose to make this refund by reducing the pr)n(iliA owed under the Note or by making a
<br />direct payment to Borrower. If a refund reduces principal, the redutnorl w oil bt veered is .i par rial prepayment without any
<br />prepayment charge under tile Note.
<br />13. Legislation Affecting Lender's Rights. it enacunent or vxpirattun of appht.thle law's has the effect of rendering
<br />any provision of the Note or this Security Instrument unenforceable• auurding to its tern-es, I.ender, at its option, may require
<br />immediate payment in full of all scans secured by this Security Instrument and may invoke any remedies permitted by
<br />paragraph 19. It lender exercises this uptiun, lender shall take flit: sups spe•(if ied to the• second paragraph of paragraph 17
<br />13. Notices. Any notice to Borrower provided for in tills Security Instrument shalbe given by delivering m or by
<br />mailing it by first class mail unless applicable law requires use of another method The notice , hall br dorMted n) the Property
<br />Address or any other address Borrower designates by notice to Lender Anv nonce to i.etider shill be given by first class mail
<br />to lenders address stated herein or any other address Lender dr.iignates by nonce• u, Borrower Any notiu• provided for rot
<br />this Security instrument shall be deemed to have been given to Borrower or Lender when given as provided to this paragraph.
<br />1S. Governing Law; Severability. This Security Instrument shall lx governed by federal law and they law ,tf tilt•
<br />jurisdiction in which the Properly is located. !n the event that any provision or clause of this Scour ov Instrument or the Note
<br />conflicts with applicable law, such conflict shall not affect other pruyulumof this Setiinrq Instrument or the ;Vote w lilt h can
<br />he given effect without the eonfllcfing provision To this end flit• plot isa,ns of this Seuuity lnstrunlcnt and tile• Note are
<br />declared to be severable.
<br />16. Borrower's Copy. Burrower shall be given one conformed (oily or rho• Note and tit tills Set to' Instrument
<br />17. 'Transfer of the property or a Beneficial Interest in Borrower. It all of any parr tit the Property ur any'
<br />interest in it is sold or transferred lilt if a benefltial interest of Burrower 1s solder i ransicrre,l and Burrower 1, nut ,i n.tur.d
<br />perstnf without Lender's pnnr written consent, Lender Inay, at Its option, Ie(!uIrt Inunediarl' paVIlicnt tit 11111 u1 all sums
<br />scoured by this Security Instrument However, this option shall not be exec( iced by I.t ndei r1 eict•rt tse Is j•icrhlbited by It-det a1
<br />law as of riot.• date of rills Securay Instrument
<br />If lender exert isles ihas option, Lender shall give Horrowcr nutr(e It aecele•raturn l'hr nuuce, hall prc,v Cdr a penud ul
<br />tit)[ 1CS, than 4oiday%front the date flit' notice it, del or mailed %% III",, will( 11 Borrow 'Cr fill,[) pay' all soon set url•d ht t hi,
<br />Securiey Instrument. If Borrower falls it. pay these sums prior fu tile cxpir.uatn „f flit, lnnud, Lcnde•t "lay ntvokt ant,
<br />remedies 1wrintited by this tiecurtty Instrument without turther notat( tit demand ,qI Bun „wc1
<br />1B. Borrower's Right to Reinstate. if N,rnlwvr niet•fs sertartt wndiuons. Borrower shall have• rho right ill have
<br />enforcentrnf of this Security Insrnunent distorttritled at any ionic pnnr to the varhe•t of , a day, ,r,r sic h of her I'vi lid as
<br />appbtabie law tray specify fuf (etnstate•nienf I fxime saleot the Pnlpt riv putsuant n, an) pout r „f ,ale conlatnod In tills St•
<br />curav Instrument, or di) elliry of it ltadgm elir enfn ring flit, itturny Ilist ru "lent Thom uai.lrt Lnis arc that Borrower ..1
<br />pays Leilder ill suniswhuhthen would bedueun( ict tills lvtuttN losnnncnlandOwNor1li ,idTir,atccler,itl,In—' ill ,d, 1,
<br />tutus arty default of any other runvt•n.unis tit.1gleements.!r . r1ra), alltxptvws ln,une•,l tit e ot..tting fills >ctut ,Il lnsl1, .u,rl.
<br />:neludlrtje, but roc housed tu, icasorltlblir ,fttorncy, ice.. and d ,rn h ati„m .,. I e i !tI n.n .,lilt
<br />auto chat the bet if rill. St +uruy Imarunrertr. 1c n,.ltt tights m rho i', r,jn:r•, ai.,• 14 ,•.:rec I . .,1 ,n ,•.,i -:,t ,::nn
<br />:e ",,Ifcd by this rotunto In,!ruon tit shall
<br />,rbrl�;annn..t, urcd I,( vbc „hall It•rinnn ful!% r-0 -,,.r , it n...0 „;....
<br />mralt° ,!tale •lee, ,1s1.1y In tilt r ule - o _11 i told”, I rinc +t -r t l e r,I,:, slat,
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