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86-101658
<br />1' if Lender required mortgage insurance as a condition of making the loan secured by this Security 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 written agreement or applicable law.
<br />S. 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 reasonable cause for the inspection.
<br />9. Condemnation. 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 conveyance in lieu of condemnation, are hereby
<br />assigned and shall he paid !o Lender.
<br />In the event of a total taking of the Property, the proceeds ,hail be applied to 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 secure(; by this Security instrument shall be reduced by
<br />the amount of the proceed, multiplied by the following fraction: (a) the total 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 ahandored by &nrrower, or if. after notice by Lender To Borrower that the condemnor offers to
<br />make ur, award or settle a claim for damages. Borrower fails to re-spond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized u, 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 />Unless Lender and Borrower otherwise agree in writing, any application of proceeds u7 principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and = or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tune for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest (if Borrower shall not operate to release the hability of the original Borrower nr Borrower', successors in Interest.
<br />Lender shalt not be required to commence proceedings against any successor set interest or refuse ro extend time for
<br />payment or otherwise rnocdify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. A ny forbearance by Lender car exercising am right or remedy
<br />shall not be it waiver of or preclude the exercise of any right or remedy
<br />11. Successors and Assigns Bound, Joint and Several Liability; Co-signers. i-he co%emanis and agreement, of
<br />this Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower. ,ublcct to the pro%istons
<br />of paragraph 17 Borrower's covenants and agreennenis shall he Joint and several Am Borrower who co -igns till, Security
<br />Instrument but does not execute the Note, !at is co- signmg iln, Security Instrument only ill mortgage grant and convey
<br />that Borower's Interest In the Properti, under the term,:iI this Security hi,trurnew Ili) t, not personally obligated to pay
<br />the sums secu ed by this Se. umv instrument. and ic) agrees that I ender and any other Borrower trial, agree to extend.
<br />modify, forbear or make any actomrnoda.ion, with regard i,i the :crnis of this Security In,tntnicro kit the Nate without
<br />that Boiruwer'sconsrni
<br />i2. Loan Charges. If the loan ,c-surrd by !his Secur:!y Instrument !, subject to a law which sets ma.nmunt loan
<br />chaizcs. and that law Is tiriaill, mUerl -relyd ,:` that ;he interest ,Ir other loan :barges :oltr. ;ai it I(, he collected Ili
<br />::imnectt,m with the loan exceed the pct -moicd ;units, then tat ant ouch loan ,harge shall he reduced by the arnount
<br />llece,sary to reduce the : 7d Ce I, nc� fie, -MWC(1 !111111. and I hi Jr-, ,(1tn, ,l[r:':SdS 01ICCICd from fforro%%cr which exceeded
<br />permitted Itmirs will to refunded tv: Hii:r,nyer I c^,dcr ni.n ch rye t.: make thus rr!(7nd i,y reduitng the I?rtrtCipal owed
<br />under the Note or by rnaking a d:r:•.• p aynient !o B + ;rrowri Ila refund reduce, principal. the icJm!ion will he treated as a
<br />partial pt::payrneit1 wttllout.utx 1 rep aymenr hark tender the Note
<br />13. Legislation Afferting Lender's Rights. H cna:tntrnl „ .s.ptran ;•n ,: uppl!cahic !axes has the effect oI
<br />rendering any pro%i,wn ill- the N „te .. this lcc tin; . Li,tnuncn! s,nenfnr eahir .i, �oidu7e to its !crrns. Lender. at its option,
<br />real, require mune,ha!e pj%mk,nl lui! :.rli ,.irr,,, scc,.r d ,,s !ht, N�ecunn Ili,trun7rnt and rnac lu"Oke anx remedies
<br />per!nitied hx paragraph ,7 H t :::Jar xer:: ., !fit, ,,1•ir r I ; ndrr ,'gall take the ,icp, spe, vied set the second parazraph of
<br />Paragraph
<br />14. Nutices. Am n,a!,c I,� H,.irn wc! (:r.,,,,!e'.J t,:r ,.: !sets Se, sent`, instrun7eru ,hill he t-I,c n hl, dellvenn I[ ,u by
<br />tnarhng it by first else•, magi ,tale„ .ippiti'shir I,iw rcqu!res one it _mo6ier m,eth,id t he notice ,hall he dne:'ICd 10 the
<br />Property Address or rim other % Jot,— B.vri,wer,(•,•mate, hi r,i,u,c I ender :ern nou:e it Lender shall he :then by
<br />first cla,s mail t, -I Lender', addre„ st,iicd herein ;,... th.,r .iit,lte,s I ender dC,tcnatc, hx notice in Borer suer Anx nonce
<br />pro.tued far to till, Securty Im ;r:rr.Cnr .hail ;,� ,i<i ..., ;i : heert •lien !„ Horr"wcr o: Lender when gncu as prof Idrd
<br />in this paragraph
<br />15. Governing Law; Severabilily, [in, sc unu Ill,nurnent .hall he eo,rnie <[ hi federal law and !hr !aw iii :Lo
<br />,unsdictton m which ihtt Pr,ilx ry n i( aretl !{t the eter!i that .ulj pn,inr,n i:ur,e -f rhos Sccuroi fn,intmcni or the
<br />Niue axuLct, with ,applicable is ouch _onHict ,ail! it,,! vher I'royv,wru of this Sccunr, Insinunern: nr !hc A,lie
<br />which cars be gnrn crfec[ A;th,w! the c(Intlictir,F pr„'.1,1c:n L ! IJa, end the prt,yt,I,:n, rf till, Secunti lnstr'(➢lm-11t and ill,
<br />Note are du ared to fig',cserabir.
<br />16. ltarrower'v Copy. Borrower shall : Cls <n - iw —. t:.rmcd :or,\ ,f Ili,- N „tc :Ili,] i,t tin, Se, .!!It\ instrutnrr.{
<br />17. Transfer of the Proln•rty or a Beneficial Interest in Borrower. It ail or ern part :d the Property i,r :o7i
<br />Intere,t {m :1 Is sold ,I tran,lrrrcd I „! If a ncnetK!A Intern: 1n Hi,rroue( I, ,u;d ,r ICcal,t�7 Feti and H,1rf (,w er I, Il(,t :a rat 11 .'.11
<br />per,on! without Lenucr', pr,i antten orlwnl. Lender !r.v— it It, option, reyuln• :mrncd!at,• ; "o rncnt in full of nil sum,
<br />secured Inl, the S"urw. lnstnrsncnl Hrweser. till, ,,r4is.11 ,hall !7ol be rxc't: nod hi I ,•rl,tcf it csvrct,c IN pr',tuhaed h.
<br />iedel- Alawasol- thedate,ltihnS(..ur:r. instrument
<br />it Lcndcr ex011!,C, tills „piton. 1"t1del hall til%c Hirt „w<•r n,,ur ;r.rt ai,.eirrar:,n f iu roue. ,hail hroi:i ;c., inert ar
<br />t,f rat iew than ?C7 days Prt-m the dale the tiurn_e rs delncred or mailed wlthm '0101 Butrower nut,t p.n :ail 'Lill), •(seined Li
<br />Ihis Srcnrite hmiumcar 11 B- ,rr,,wer tails fir pal thew• .cams prim rile: xialarru: ”! :h:, per,(i 1 older n7ai ll%oi,r.uli
<br />rtnedit prtmil d'y tilt Sectuiri insruni n without further n I rt f uvr n H •.s
<br />IN. Borrowers Right to Reinstate I' tr ,w r rite,!•
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