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86, 100782
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />time as the requirement for the
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such
<br />in accordance with Borrowers and Lender's written agreement or applicable law.
<br />Property. Lender
<br />insurance terminates
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the
<br />reasonable cause for the inspection.
<br />shall give Borrower notice at the time of or prior to an inspection specifying
<br />or claim for damages. director consequential, in connection with
<br />9. Condemnation. The proceeds of any award
<br />other taking of any part of the Property. or for conveyance in lieu of condemnation, are hereby
<br />any condemnation or
<br />assigned and shall 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 />taking of the Property,
<br />Instrument, whether or not then due, with any excess paid ro Borrower. In the event of a partial
<br />agree in writing. the sums secured by this Security Instrument shall be reduced by
<br />unless Borrower and Lender otherwise
<br />the amount of the proceeds multiplied by the following fraction: (..) the total amount of the sums secured immediately
<br />before the taking. Any balance shall be
<br />before the taking, divided by (b) the fair market value of the Property immediately
<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 />Borrower fails to respond to Lender within 30 days after the date the notice is
<br />make an award or settle a claim for damages,
<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 />in writing, any application of proceeds to principal shall not extend or
<br />Unless Lender and Borrower otherwise agree
<br />due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />for or
<br />postpone the payment
<br />lo. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time
<br />by Lender to any successor in
<br />modification of amortization of the sums secured by this Security Instrument granted
<br />release the liability of the original Borrower or Borrow'er's successors in interest.
<br />interest of Borrower shall not operate to
<br />against any successor in interest or refuse to extend time f ^r
<br />Lender shall not be required to commence proceedings
<br />the sums secured by this Security Instrument by reason of any demand made
<br />payment or otherwise modify amortization of
<br />original Borrower or Borrower's successors i interest. Any forbearance by Linder in exercising any tight or remedy
<br />n
<br />by
<br />the
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />y; Co-signers. The covenants and
<br />and Assigns Bound; Joint and Several Liabilitd agreements of
<br />11. Successors
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />Any Borrower who co- sig
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several.
<br />the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />Instrument but does not execute
<br />that Borrower's interest in the Property under the terms of this Security {nstrunlent: (b) is not personally obligated to pay
<br />Borrower may agree to extend.
<br />the Burns secured by this Security instrument and (c) agrees that Lender and any other
<br />with regard to the terms of this Security Instrument or the Note without
<br />modify, forbear or make any accommodations
<br />that Borrower's consent. subject a law which leis maximum loan
<br />12. Loan Charges. if the loan secured by this Security Instrument
<br />ore be collected in
<br />o e
<br />charges, and that law is finally' interpreted so that the interest or other loan charges collected
<br />limits. then: (a) any such loan charge shall be reduced by the amount
<br />connection with the loan exceed the permitted
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded
<br />by reducing the principal owed
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund
<br />to Borrower If a refund reduces principal, the reduction will be treated as a
<br />under the Note or by making a direct payment
<br />partial prepayment without any prepayment charge under the Note.
<br />or exptrahan of applicable laws has the effect of
<br />13. Legislation Affecting Lender's Rights. If enactment
<br />rendering any provision of the Note or this Security instrument unenforceable according to its terms, Lender, at its option,
<br />and may invoke any remedies
<br />may require immediate payment in full of all sums secured by this Security Instrument
<br />this option. Lender shall take the steps specified in the second paragraph of
<br />permitted by paragraph 19. if Lender exercises
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for :n this Security Instrument shall be given by delivering it or
<br />he
<br />The notice shall be directed to the
<br />of another meth
<br />mailing it by first class mail unless applicable law requires use method.
<br />designates by notice to Lender. Any notice to Lender shall be given by
<br />Property Address or any other address Borrower
<br />herein or any other address Lender designates by notice to Borrower. Any notice
<br />first class mail to Lender's address stated
<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; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />clause of this Security Instrument or the
<br />jurisdiction in which the Property is located. in the event that any provision or
<br />not affect other provisions of this Security Instrument or the Note
<br />Note conflicts with applicable law, such conflict shall
<br />To this end the provisions of this Security Instrument and the
<br />which can be given effect without the conflicting provision.
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall he given one conformed copy of the Note and of this Security Instrument.
<br />the Property or any
<br />17, Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of
<br />interest in Borrower is sold or transferred and Borrower is not a natural
<br />interest in it is sold or transferred ((7,r if a beneficial
<br />without Lenders prior written consent. Lender may. at its option, require immediate payment in full of all sums
<br />is by
<br />person) prohibited
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise
<br />federal law as of the date of this Security Instrument.
<br />if Lender exercises this option. Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />Borrower must pay all Burns secured by
<br />of not less than 30 days from the date the notice is delivered or mailed within which
<br />If Borrower fails to pay these: sums prior to the expiration of this pericxl, Lender niay invoke any
<br />this Security Instrument.
<br />remedies permitted by this Security Instrument without further nonce or demand on Horrower.
<br />Borrower shall have lire right to liaye
<br />lil. Borrower's Right to Reinstate. if Borrower meets certain conditions.
<br />of this Security Instrument discontinued at any time pnor to the earlier of (a) 5 day, (or such other period as
<br />in this
<br />enforcement
<br />applicable Iavt may sI cctfy for remstatement 3 before sale of the Property pursuant l:, arty pi+wer el sale contained
<br />Srcttrtty Instrument '1 hose condiiwns arc that Borr %vCr
<br />Serunty lrntrumrnt: or ib) entry of a tudcament enforcing ihis
<br />Lender all sums which then %h wild b.- due under thi,. Security lusirument and lie `1, e Ile? rat i etc t ii,n
<br />(at i'. : :s
<br />pays
<br />xcuircd: th) :,res ;any jefa it m airy other -,oenants or agreements (c? t a.s a{i ee is s :neuried st i.,i r ;lit
<br />attr., net's reeve 111.1 gill I.1ACS eLli 'l t'n :15 1 CII,ti - nAd
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