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86-- 101866
<br />If lender required mortgage rnsurrnce I, It condition rat makitic the loan secured by this Security In-
<br />strument, Borrower shall pay the premium, required to maintain tide insurance in effect until such time as a requirement for
<br />the insurance terminares in accordance with Borrower's :std Lender's written agreenient or applicable law.
<br />8. Inspection. Lender or in agent may make reasonable entries upon and inspections of the Property. Lender shall
<br />give Borrower notice at rile rime of or prior to an inspection ,pckitiiug rc,tsnn.iblr cruse for the inspection.
<br />1. Condemnation. The proceeds of in% award or claim for ,?.m .iges, direct or umscquen[i.rl, in connection with any
<br />condenrnerionorocher takingol any part of the Properry,ur furcon+ryancc in ilea of condcmn,ttrnn, are hereby assigned and
<br />shall be paid to Lender
<br />In the event of a tor.;! taking of the Property, the prucccds shall be applied to the sums secured by this Security
<br />Instrument, whet her or not thendue, with any excess paid to Borrower. in the event of a partial takingof the Property, unless
<br />Borrower and Lender,, a tier wise agree in writing, the sums secured by this SCCLII sty Instrument shall be reduced by the:unount
<br />of the proceeds multiplied by nce folluK ing fraction: (.0 the total milount of rile sums secured immediately before raking.
<br />divided by (h) the fair Worker value of the Property immecfi :ttely before the taking. Any balance• shall be paid to Borrower.
<br />If the Property is Abandoned by Burrower, or it. after notice by Lcndcr to Burrower that the• condemnor offers to make
<br />an award or settle a claim for damages, Burrower fails oL respond to Lender within iO days after the date the notice is green,
<br />Lender is authorized ro collect and apply the proceeds, at its option, either to restoration or repair of the Property or w the
<br />sums secured by this Security Instrument, whether or nor then title.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceed, to principal shall not stead or
<br />postpone the due date lit the• nuinrhly payments referred to in paragraphs I :end _' or change ncu amount of such payments.
<br />LU. Borrower Not Released; Forbearance By Lender Not a Witiver. Extension of the time for payment or
<br />modification of amortization of rile sums secured by rhis Security Instrument granted by Lender, toany successor in interest of
<br />Borrower shall not operate to release the liability of the original Borrower-or Borrower s successors in nueresa. Lender shalt
<br />not be required to commence proceedings against any successor ut interest or rehise to extend lime fur payment or otherwise
<br />modify amortization of the sums secured by this Security instrument by reason of any demand made by theoriginal Borrower
<br />or Borrower's successors in interest. Any forbearance by Lcndcr in exercising any right or remedy sh.,ll nut he w aic er elf or
<br />preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The u,yenanrs'Hid agrce•nu•nts of this
<br />Security Instn:ntent shall bind ;[nil benefit the successors .ant! - cssigns of Lender and Borrower. suhic,z to the pro%isions of
<br />paragraph 17. Borrower's covenants and agreements shall he Iwnr and several Any limnmer who eo -sign, this Security
<br />Instrument but dues not execute nce Note. , a) is cu- signiori" this Security Instrument only u. nn,rtgagc.grant .tad convey that
<br />Borrowe'r's interest in the Prope•rry under the terms lit the ticcurity insrntnu of b, is not I,( --Aly obligated to pay the
<br />sums secured by this Security Instrument, curt! tki agrees that Lcndcr ant any other BorioKrr twit" ,tgre•c n> extend, ntudih,
<br />forbear or make my accommodaoun% with regard n, the rents lit this Secant% iu,rruntcru ,n the Nor Kmhout that
<br />Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Sccmity Instrument is wb,ccr f:, , Lew w -htah sou maximum lu:ut
<br />charges, and that law is fitmll interpreted sot hat the interc,t or urlter loan ch.rgrs o :,ifek;rd r,r nt hr :uliected m conneauut
<br />with the loan exceed rile permitted hnuts. then i, any such loam rhar,gc nckcssary to reduce
<br />the charge c o t he permitted limit; and t b, any ,LInu Are-tdy colic tad tr�tn finrr,wrr w Itch excrrdcd prrrnitted limuts will be
<br />refunded io Borrower. Lender may ehuusr to make the rchu:d by reduung nck' Isrtncih,rl „wed under the Note „r by making,t
<br />direct payment to Borrower If A retunJ reduces principal, rho recduCUUn w dl fie treated s a p,trttai prcpaymcrt .crthou[ ant'
<br />prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. It t-mminent I,r exptr:tnon of appl.Ablc laws has nc(• eftcu. of rendering
<br />any provisiunof the Nutcor this Sekuriry Instrument unenh,r,e °ahle.uuvdntg in it, terms, Lcn+.rr. ar tuopnon, m,,y require
<br />immediate payment in full of all sums secured by this Sccttnry hr,tmin(w and may Invoke .tray rcmedm•s permitted by
<br />paragraph 19, If Lender exenisrs the upnon, Lcndcr shall take tine o:p, spccowd lit file second paragraph of p a, zraph 1
<br />14. Notices. Anv notice at Burrower pro%idcci for rot rill, Seeatriry Instrument snail be given by delivering it or b%
<br />mailing it by first class mail unless Applicrblc law IeitWres uscof 11101 IM mc•:hod The notice shall be directed to the Property
<br />Address or any other address Borrower designates by not ice to Lender Anv Hauer to l.rnder sl :atl Ix given by first class mail
<br />to Lcttder's address stated herein or any other address Lender dcstgntes by nonce ro Borrower Any notice prodded for in
<br />this Security Instrument shall be deemed n> have been given to Borrower or Lender when given as provided m this paragraph.
<br />15. Governing Law; Severability. This Seturity Instrument shall lie governed by federal Lac and rile Low of nce
<br />jurisdiction in which the Property is located Ii theevent that any pnn•i,inn urd :wsc of this Stevrity insrn :mint ur the Nua•
<br />conflicts with applicable IAK, wch cunfhct shall our affeu urlter pn+yisi,,ns of this Seatriry ins[ruinenr or the• Noce witch k,m
<br />i e given effect without the cunfiiuing provision. To this end tine provisions of this Security Instrument and nct• Norc• art
<br />declared to be severable.
<br />16. Borrower's Copy. Borrower shall bit• green one cunfurmed cups of the Nurc and of tills Smtiriry Instrtuncnt
<br />17, Transfer of the Property or a Beneficial Interest in Burrower. if ,ill ur any part lit file Property m am
<br />interest in it interest m Burrower is sulel or n ansferreJ and liornnver a not .: natural
<br />person[ without Lender's prior wrtttcn (.onsent. Lcndcr ;nary, .0 its option, requrc imrne•drare• pa) mcnr in full lit all sums
<br />secured by this ecuri" Instrument fiowcver, this npnnn shill nor be c•xercrsed by Le rider tf rxc rut i, pruhibocd by federal
<br />law as of the date of this ticcurity Instillment.
<br />ll Lender exercises this option, Lender shall give Borrower nonce lit accc•lerariit) l-hc notice I I m I I pruvidc.I period of
<br />not less than i0days trout thedarc the notice is de'live'red ur made•d within which Burrower must par all sums seated by tills
<br />Security Instrument, 11 Borrower fails w pay these sums prior to nce cxpirannn of rills pe•ri,ki, I coder may tmokc .uo
<br />rentedit•s I+errnitted by this SeeUtn% Instrument without further nnnee nr dcm,ord ,tit Borrower
<br />18, Borrower's Right to Reinstate. If lioriowcr nytus cc•rtato a litho roc IiUrl,lwl l :mall h,I+c the right o, h.ivc
<br />enforcement of this Security Instnunont di,(om:nucd it sons nine prior to the c I ill t •.,t I.Ji 5 days . nr such other pot rod A,
<br />.eppiicable law Wray speufy for rt m,ra[enunt r before At t,t rfu- l'roprrtt }Iur,ttant nit any i,nwvr of At t.onram' -d nr this set"
<br />curia% Instrumrnv . or tit• enir% of a !udgnu :n: eninr..urg rill' tiCI IIIn•, In,trunx•rit Th,,,r uuidutou, .oe that limi""'.1 I �
<br />p;+% si_ en d l-I III snntswhikhrhenwnahlhr:$n" unfit• tai:,sSr . u,,rylnstnuuc -mooslri.uN.' itch a,! Ili, a, -,(1, .Jl „lit,neir,tr,f ht
<br />error ;• :.any <ivhult of any •aht -r oornrnant, „r twerroc nr,, i, ; f>al, motored :n rnletuog tbt, ....lit its roar: utnr n;,
<br />but no! ;tomes ru. rrasooable atlormc II tee••,. -end n! take, ur L "!!j I, I , I ;•!t-r in is III :r,pm, o..n
<br />•arc that .he hcii,Ii tiro, mif.tmot in•.0 :,nu'nr, Landon, t!y;itt, lit UI, I'f„I :w!IS ,,;,I 11t !1,
<br />,r., :,redits the, .y e. :r,ry inatlrmle•m ,!I.IC„ rn,sritt tm,h.o ,A 1 I„>n to :,,t.ur na.n I:•, jt,u yesLt - i ..:ors ;n,^t:nt<w
<br />.,; ? t„ •,ht :nit -",, :, ...,,,Lad h, f, hk .hall re ^n.nn cal•, ttrL+n, .r. ,r ,, , . ,.., t t, :+, ,, , •,tar„ ,,
<br />.I t:cl :: <. •.., i- ., t... I'•, . m the c r.r rd ., , tat r lit+,. n ,, f tae -. -. t „ .,r
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