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<br />06-" 100898
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower shall pay the pranwAim rietlitured to maintain the truwaocc in effect until such time as the requirement for the
<br />insurance ienmustes ift2coordanee with Borrvater's and Lender's written agreement or aMhc" law. v. Lender
<br />& Inspection. Under or its alient may make rensonabile entries upon and inspections a the PropeTT-
<br />shall Vve Borrower not4ce at the wine o•or prior to an inspection spcmfvmg reasonable cause for the inspection.
<br />CAsimandan. The proceeds Of any award or claim for damages, direct or consequcitual, in connection with
<br />any condemnation or other taking Of JMV pan Of the Property, or for conveyance in lieu of condemnation, are hereby
<br />ass*ned and shall be paid w Leader.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secalred 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 />img, the sums secured by this Security Instrument shall be reduced by
<br />unless Borrower and Under otherwise agree in writing
<br />the amount of the proceeds muhqhwd by the following fraction: (a) the trial amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property 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 of to
<br />make an award or settle a claim for damages, Borrower fails 10 respond to Lender within 30 day, after the date the notice is
<br />given, Leader is authorized to collect i 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 />Unku, 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. Borfrower Not Relleneet Fmisawance By Lender Not a Whiffet. 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 Shan not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender 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 successor in Interest. Any forbearance by Lender in -exercising any right or remedy
<br />"I not be a waiver of or preclude the exercise of right or remedy.
<br />IL Sucoommert; and Anugus Bouid. Jam swill Several lAabillts-, Co-signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 37. Borrower's covenants and agreements shall bejoint 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 (fiber Borrower may agree to extend.
<br />modify. forbear or make any accommodations with regard to the terms of this Security Instrument Or the, Note without
<br />that Borrower's Consent. .
<br />12. Laen Charges. 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 exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If refund reduces principal, the reduction Will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13, Legislation 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 I . 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 114. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 77.
<br />14. Notices. Any notice to Borrower provided form this Secunty Instrument hail be given by delivering J it or by
<br />mailing it by, first class maul unless applicable law requires use o1. 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 bender shall he given by
<br />first class in" to Lender's address stated herein Or any officr address Lender designates by notice to Borrower. Any notice
<br />provided for in this Secuntv Instrument shall be deemed to have been given to Borrower Or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Uw; Severabilit.w. This Security Instrument shall be governed by federal law and the law of lht
<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 PrOVISIOTIS of This SeCUri1% Instrument or the Note
<br />which can be given effixt without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />It. SwrowersCopy. Borrower shall be given one conformed copy of the Note arid of this Security lnstrumeni.
<br />17. Trmder of the Property or a Beneficial interest in Borrower. If all (it any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its opll(?rl. require immediate payment in full of all sums
<br />secured by this Security Instrument However. this opimirt shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument
<br />If Lender exercises this option. Lender shall give Borrower nonce of acceleration. The notice shall PTOviat a period
<br />of not liesi, than 30 days frurn the date the notixv, delivered (,rmaded within which horrimcf- must nay all sums secured 6 ' %
<br />this Secuniv Instrumferit. IfEk)rtc,WCT fall'. to Pay these sums prior to the expiration )I this period. lender ma} Invoke anti'
<br />remedies permitted by thisSocuritV Instrument without 1'u miler TI(JtlCC OT demand on Horro-Acr
<br />it Borrower's RieW to Reiestste. if Borrower meets certain Conditions, Boi-T-MeT Shal! hate the TIFIlt 10 have
<br />enforcement of that, Security Instrument discontinued at any time prior to the earlier of (d) I day, ior such Either pt rani as
<br />applicattir law may spccity ,(it reinstatement? ix-fore sale of the Property pursuant 'tw am, pol4e-, 'A •Ale In this
<br />%a-urtty Instrument. klr the etfin ofsjudgmirut enforcing this S&Curll% illsITUMUTIt lihow i:,mdmoyls are that BOMIAt-T
<br />L (at pa", Lrmde! all W.'rits %%hwh then would be due under this: 1 vcur!!N Nsirumeril and !hv Note had tit) aLHV1',Atl0ll
<br />occurred: fb) t:urc, any default of any other co+crlarits or agreeirnerIN j PAYN al; txl ruses mclw�vd in "llfolclTIF lilts
<br />4fm,.urit% 1w.!ruincrt. ,n,0ud:"?. t3ul flol limited ,(' rtbsonahic dtll!?-Tleyl fttt-1 and td 1 tales u il
<br />muutr, era w"sov that 'the it-11 tit !hlk iY elites 11"Mrument, lxndc,'; rqghls J, lht JTIO llarr—T
<br />'TV% tht Nvcv!ed JTI%J!tt� --tJ 'llwni i"
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