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86- 100925
<br />If Lender required mortgage insuranee as a condition of making the loan secured by this Secunly 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 in accordance with Borrower's and Lender's w- ritten agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying r- -tsonable cause for the inspection.
<br />9. Condewmatioe. The proceeds 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 zonveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total tiling of the Property. the p ;OCeeds shall be applied io 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 Ins +,rumens shall he reduced by
<br />the amount of the proceeds multiplied b} the following fraction: (al the total amount of the sums -secured immediately
<br />before the taking, divided by (b) thefair market %a lm of the Property immeaiately before the taking. Any balance shall he
<br />paid to Borrower.
<br />If the Property is abandoned bN Borrower. of if, after notice h,• Lender to Borrower that the condemtior 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 i
<br />given, Lender is authorized to collect and apply the proceeds. at its option, either to - CiStOration or repair of the Property or
<br />to the sums secured by this Secunty 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 />the due date of the monthly payments referred to in paragraphs l and _1 or _ hange the amount of such payments.
<br />postpone
<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 ro arty successor in
<br />interest of Borrower shall 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 reuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of ary demand made
<br />by the original Borrower or Borrower's suceesson in interest. Any forbearance by Lender in exercising any right or remed}'
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The co,enarts and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject icy the provisions
<br />ofparagraph i7. Borrower's covenants and agreements shall be joint and several .Ariv Borrower ubo co-signs this Security
<br />Instrument but does not execute the Note (a is co-signing this Securty Instrument only to mortgage. _ran: and convey
<br />that Borrower's interest in the Property under the terms of this Securm. Instrument: (b) is not personally obligated in pay
<br />the sums secured by this Security Instrument: and (c1 agrees that Lender and. any other Bormner Tel} agree to extend,
<br />modify', forbear or make any accommodanons with regard to the terms of this Security Instrument Or the Norr without
<br />I hat Borrower's consent.
<br />12. Loan Charges. If the loan secured b} this Security instrument is subject to a law which sets maximurn loan
<br />charges. and that la%% is finally interpreted so that the interest Or other loan charges collected nr to he collecied 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 lb) any sums already collected 'from Bor -ouer which exceeded
<br />permitted limits will he refunded to Borrower. Lender may choose to teaks• this refund by reduclni: the principal owed
<br />under *he Note or by making a direct payment to Borrower If a refund reduces prtncipai, the reduction will be treated a, a
<br />partial prepayment without any prepayment charge underthe Note.
<br />13. Legislation affecting Lender's Rights. If enactment c_fr expiration of applicable laws has the effect of
<br />rendering any provision of the Note or thts SecunTy Instrument unenforceable according u, r, terms. Lender. it :',s npnOn.
<br />may require immediate payment In full of all sums secured by this Secunty InStrUtnCnt And gray :moke any remedies
<br />permitted by paragraph N. I1 Lender exercises this option. Lender shall take the steps sprcitied ir, the second paragraph of
<br />paragraph 1?
<br />14. Notices. Any notice 10 Borrower provided for In this Securty Instrumern shall he given by deg :cring it or h%
<br />mailina it by first class mail unless applicable l'au requires use Of another method. The notice shall be -erected to the
<br />Property Address or any Other address Borrower designates by n nict ii, Lender. Any notice to Lender shall he MNe:n by
<br />first class mail to Lender's address stated herein or any Other address Lender designates by notice io Borrower Am notice
<br />provided for to this Security Instrument shall be deemed to have peen given to Borrowe or Lender when �n en as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument snail hr cclyerned h) federal lays and the Llu : the
<br />junsdiction in which the Property is located. In the e%tnt that tiny provision it ,pause I,i this Secuniy Inslrurnent :IT Ise
<br />:Vote conflicts with applicable iau, such :onfltct shall not affect other pm i,ions of this Security Instrument CT the Note
<br />which can be given effect without the conflicting provrslOn. Te this end the pro,l,ions :_,f tints Sec urry lnstr'uricni and the
<br />!Vote are declared to bt wvrrable.
<br />16. Borrower's Copy. Borrower shall be gi%tn one sonfo7mcd sari A tire N„te and of :his Sccunt lra!rum -silt
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. 1 ::ill :fr air, part :�f the Property :,r at .
<br />interest in it is sold Or transferred for da beneficial Interest in BorrOUer is sold a transferred a,.c Born ,vyrr 1, n,lt a Hat ura
<br />person) without Lender's prior uniten rnnsen:. Lender may. at Its o ith,n. require 1n mediate payment in `ull cif Ali r,ums
<br />secured by this SCLurlly Instrument hiOwryer, this Option ,hall nni ne exc•1r:s:•d b, Lender :f c?<C -Isc is p,r, }flbncd h:
<br />federal law as of tht date of this Security Instrument.
<br />If Lender exercise=, this option. Lcndrr shall gene Borrower nvure :)f accelvTolwu l he ruouce shall p 1 =f, Id", .,
<br />::4 not less ',hall 30 days from the date t he notice Is deilyered , :r mailed u It}un Ai 11 h li- Irrour' u1us: pay ::il sums
<br />dips Security Instrument II B,orr 0%,-T falls lc, pill In CSC SUITIN pritfl' 7c1 !nr c': piratic "fit'.•1 Ihis. pCrlll;i. IcTldef MJi .•,1. ;' .I;:t
<br />retnedir% pertriltled bl this JC' irnt\ l94 rUrnC %% 111101.11 lHrlhtr 1 f r L'Ir Ilrrtai i Bt rlf'" i
<br />18. Borrower's Right to Reinstate if Bw r;_ uc met; rnetls tc t lln I 1 tt 1 -:11, 1S rr "kc, shill! II -1., G n „r
<br />nft.ttem- i of nil s Sry:iY o, j t , n ucd a v ) !'I Sint 1 is c *- ui
<br />al pli abie tau mai 4 ncdi IG n sit r. o of the I io;xrt, r ua I t "I% a r (
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