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86!'00 66
<br />If Lender required mortgage insurance as a condition of making the loan secured ty this Secunty Instrument.,
<br />time as the requirement for the
<br />t
<br />Borrower shall pa) the premiums enquired to maintain the insurance in effect until such
<br />in accordance with Borrower's and Lender's written agreement or applicable law.
<br />insurance terminates
<br />fk lagwcdon, 11,ender or its agent may' make reasonable entries upon and inspections of the Property. Lender
<br />shall gam' Bonrwernoticeatthc time of or prior to an inspection specifying reasonable cause for the inspection.
<br />direct or consequential, in connection with
<br />y Cademeadaa. The proceeds of any award or claim for damages,
<br />for in lieu of condemnation, are hereby
<br />am condemnation or other taking of any part of the Property, or conveyance
<br />assigned and shall be paid to Lender.
<br />In of a total taking of the Property• the proceeds shall be applied to the sums secured by this Security
<br />the event
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />Secunty Instrument shall be reduced by
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this
<br />of the sums secured immediately
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount
<br />immediately before the taking. Any balance shall be
<br />before cite taking, divided by (b) the fair market value of the Property
<br />paid to Borrower.
<br />is by Borrower, or if. after notice by Lender to Borrower that the condemnor offers to
<br />If the Property abandoned
<br />make an award or settle a claim for damages. Borrower .`ails to respond to lender within 30 days after the date the notice is
<br />or repair of the Property or
<br />given, Lender is authorized to coliect and apply the proceeds. at its option, either to restoration,
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Borrower otherwise agree in writing, any' application of proceeds to principal sha31 not extend or
<br />Unless Lender and
<br />due date of the monthly payments referred to in paragraphs 1 and'_ or change the amount of such payments.
<br />postpone the
<br />10. Borrower Not Released; Forbearance By Lender Not -Waiver. Extension of the time for payment or
<br />in
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to an_v successor
<br />Borrower or Borrower's successors in interest.
<br />interest of Borrower shall riot operate to release the liability of the original
<br />in interest or refuse to extend time for
<br />Lender shall not be required to commence proceedings against any successor
<br />of the sums secured by this Secunty Instrument by rectum of any demand made
<br />payment or otherwise modify amortization
<br />Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />by the original Borrower or
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />The and agreements of
<br />11. Saceessors and Assigns Bound Joint and Several Liability: Co- signets. covenants
<br />bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />this Security Instrument shall
<br />1'1. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Secunty
<br />of paragraph
<br />Instrument but does not execute the Note: fa) is co-signing this Security Instrument only to mortgage, grant and convey
<br />Instrument: (tl is not obligated to pay
<br />that Borrow'er's interest in the Property under the terms of this Secunty personally
<br />lnstrument: and (c) agrees that Lender and am other Borrower may agree to extend,
<br />the sums secured by this Security
<br />modify, forbear or make any accommodations with regard to the terms of this Sectrrit }' Instrument or the Note without
<br />that Borrower's consent.
<br />12• Loan Charges. If the loan secured by this Secunty Instrument is subject 1e a lad which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to he collected in
<br />loan shall be reduced by the amount
<br />connection with the loan exceed the permitted limits, then: (a) any' such charge
<br />limit: and (b) any sums already collected from Borrower which exceeded
<br />necessary to reduce the charge to the permitted
<br />limits will be refunded to Borrower Lender may choose to make this refund im reducing the principal owed
<br />permitted
<br />under the Note or by making a direct payment to Borrower. !f a refund redt,ccs prulcmai, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />tender's Rights. if enactment nr expiration of applicable !aws has the effect of,
<br />13. Legislation .Affecting
<br />rendering any provision of ttic Note or this Sccurlt%' Instrument uner.foreahlr :ccairdl ❑i io Its, terms. lender, at its option,
<br />Instrument and may Invoke any remedies
<br />may require immediate payment to full of all sums secured by this Srcurity
<br />Lender take the steps spec :fied In the second paragraph of
<br />permitted by paragraph 1'+ if Lender czrrcisrs this .Poll, shall
<br />paragraph 17.
<br />14. Notices. Arty nonce t., Boriowcr hrarided for Iii this Set unto Instt.unen; s11:iil he earn b% deli%enng It or by
<br />-1 I he nonce shall tic directed to the
<br />mailing it by first class mall unless applicable law requires use A anolh method
<br />Borrower designates by notwc ill Lender Any nonce i,, L.ender shall he given by
<br />Property Address or any either address
<br />first class mail to Lender's address stated he rein or am' other address Lender design.alrs by nonce to Borrower .Any nonce
<br />Bot'riru -rr or Lender when given as provided
<br />provided for in this Secunty Insirumeni shall he deemed to ha%e teen en en to
<br />in this paragraph
<br />Governing Zsw; Severability, This Secunty itiNrUmCrlt shall he gooerned by federal lad and the law of the
<br />isiorl of this Secunty 111strument or the
<br />jurisdiction in which the Property is located In the event that anv pror of clause
<br />, such conflict shall not affect tither prvIsums of this Security Instrument or the Note
<br />Note -is with applicable tau o
<br />ctmfli
<br />which car he given effect without the conflicting provision To this ClId the provisions of this Secunty Instrument and the
<br />Note are declared lo he severable. instrument.
<br />16. Borrower's Copy. Borrower shall he given tine conformed copy of the Nntr :+rid of this
<br />tale Pry
<br />11. Trander of the Property or a Beneficial Interest in Borrower. It all „l run pan of Inc Prnprrt. oI any
<br />Borrower is tint a natural
<br />ttrterest to it is sold or transferred inn 11'a beneficial Interest m Borrower Is sold of transferred and
<br />Itrinled+are payment In full of all sums
<br />person) without Lender's print written consent, Lender may. at cis c.ptlnn, reyutre
<br />H;Iwever, tills option shall not he excrased by I ender if cxercise is prohthred by
<br />secured try this Sec:univ instrument.
<br />federal law as of the date oi' i his Sec urn! y Instrument.
<br />If lender exer :.ism this option. Lender shall give Borrower nuucr cif occrlerancnt The nn +1e c shall provide a prruici
<br />not Ins than 30 days from the date the notice is delivered or mailed u tibin which Boar- wer must pat ail runts secured hr
<br />,)I
<br />iris Security Instrument, If R lrrower fails to pay these sums prior to the expiration of this period. L tinder Ilia% In%IilIc any
<br />remedic!: permitted by this Scrurity Inetrunnent without tutthei notice or dernand nn liorrowrr
<br />if Borrower meets certain condrttons, Borrower shall haze the rtcht hl h:rvr
<br />IA, Borrower's Ripht to Reitlstate.
<br />tircunty Irstnrmcni disrintmued at am' rime print In the earlier of tai 5 clays tilt sue h other perioci as
<br />enfnrcentent of this
<br /><appltcablc taw ttiay specicy fire r "tnstaxrmrnt> referee Talc of the I rc +hcrty purse cot n an% p,wet of s +k ; nlymed n Ill!'
<br />fi suet
<br />rsarurIl% lnatrurnrr.l <_ ibl t'ntry (It a lueignu•nt citforc Illp this securin litsinillie r Pl st - "ntthn n, illy 111iii ur
<br />womb then would he due udder tit recurlt} Imoriuncllt .old 'he•',,rtt hod it + ,vlo.owll
<br />at lays Lender :!! gums
<br />ads all rx rises in trod •n <ni r:t'.c [III'
<br />' .k: t'Ufreil. Ih?r rtPa it tl% drlau)l i,t ally cAlcr t -, �c't fl ai C; :vr ftv rt .nil r) I t
<br />c
<br />I
<br />q t.Vrrt't' Irl'.t TIJ oft °__ to ln(1!t.p, I, It tile! lilt lit eel ti aAishit 11ti1Tne F� '. t., 11 td I,!, 'inn •t,', i i 1 It Old ldC i.il
<br />i,(.Il i! 1 •JI l: 2 11 n !Ile 1 t an
<br />i 1 Hb '!' sP( 1 il4 'Ill', �,'i t. 1 „� r: .,. i1`
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