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86-102599
<br />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 etfect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower'cand Lender's written agreement or applicable law.
<br />S. Inspection. Lender or us agent may make reasonable entree, upon and inspections of the Property. Lender
<br />shalt give Borrower notice atthe timeofor prior town 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 pan of the Property, or for conveyance in lieu of condcninaiiou, are hereby
<br />assigned and shall be paid to Lender.
<br />in the cyent of a total taking of the Property, the proceeds shall he applied ro the sums secured by this Security
<br />instrument, whether or not then due. with any excess paid to Borrower to the event of it partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: ta) the total amount of the suits secured immediately
<br />before the taking• divided by (h) the fair market valueof the Property -mmediately before the taking. Any balance shall be
<br />paid to Borrower
<br />If the Property is abandoned by Borro -er. or if, after notice by Lender to Borrower that the condemnor 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 is
<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 />Unless Lender and Borrower otherwise agree in writing, any application of proceeds io principal shall not extend or
<br />postpone the due date cif the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Exiension of the time for payment or
<br />m edification of amortisation of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate w release the liability of the original Borrower or Borrowers successor tit interest.
<br />Lender shall not he 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 and demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<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•.cnants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the prrn:shins
<br />of paragraph 17. Borrower's cos enants, and agreements shall he joint and several Any Borrower whis co -signs this Sectinq
<br />Instrument but does not execute the Note. (al is co- signing this Security Instrument only to mortgage. grant and convey
<br />that Borrower's interest to the Proper!: under the terms of this Security Instrument. Ihl n not personally ohhgated Io pay
<br />the sums secured by this Securuy imtrurnent, and (c) agrees that Lender and any other Borrower may agree to extelid,
<br />modif)%, forbear or make any accommodations with regard to the terms (if this Security Imtrurnew ,r the \sic without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan sccurcd by this Security Instrument is suhject to it law whith sets maximum io;m
<br />charges. and that law is finally inter-pi-vied so that the interest or other lout char_es collected or to he collected ui
<br />connection with the loan exceed the permitted [units. then: (a) .iny such loan charge shall he reduced Isy the amount
<br />nece3sary to reduce the charge to the permitted limit, and (h) any Burns already collected from Borrovscr witch exceed -W
<br />permitted limits will he refunded to Burrower lender may choose io make thi, rcfurd h} reducing, the principal owed
<br />under the Note or by making it dirt" payment to Borrower Ua refund reduces principal, the reduction will he treated as it
<br />partial prepayment without any prepay ment charge under the Note
<br />13. Legislation Affecting Lender's Rights. if enactment or czpiratton of applicable laws has the effect of
<br />rendering any provision of the Note or this Security instrument unenforceahie acc,,rding u+ tzs term.. Lender, at its option.
<br />may require immediate payment in fill!. of all Burns secured by this Security lns,:ument and may rmoke any remedies
<br />permitwd by paragraph 14. If Lender exercise. this opt ton. Lender shall take• the steps specified in the scc and paragraph of
<br />paragraph 17.
<br />14. Notices. Any nonce to Mirrowrr provided for tit this Set imis Instrument ,Imll be goer, h; dchvenng n or by
<br />mailing it by first class trial! unless applicable law requires use of snoiher mcthocl I he notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lcndcr. Any nomcc io Lender shall he gti.en by
<br />first class mail to Lender's address staicd herein or any other address lender designates by notice u> Borrower Any notice
<br />provided for in this Secunty Instrument shall be deetned to hale hecn g:vcn to Borrower or Lender a hen given as prodded
<br />m this paragraph.
<br />14. Governing Law; Severability. Ifus Securuy lnstrumeni shall tic goscnned by tV&ral I.oe and the laic r,t the
<br />jurisdiction in which the Properi ;. is lo.ated in the ei.ent that any pro%isir.n or clause o! 11111 Sccurny lmtrument or the
<br />Note conflicts with applicable law. loch conflict sha!i not affect other prosuions of this Security Instrument or the Note
<br />which can be gcyeu effect without the conflicting provision, fa this end the proststons of fits Security Insrrunncni dud the
<br />Note are declared to be seyerah1c
<br />Ib. Borrower's Copy. Borrower shall be eiyen one omfonned copy of flu• Noic and of this Set urn% insirtntreri!
<br />17. Transfer of the Property or a, Beneficial Interest in Borrower- If all or an% pan of site Properiy „i any
<br />interest in it is sold or transferred for If a beneficial interest tit Bill rower is sold or t ansferred and Bonascci i, not a natu, a!
<br />person) without Lender's prior written a,nknt. Lender may. at its +ipuen, require immediate payment iu full of ail sums
<br />secured by this Security Irstruincrit flowever, this opiw n shall not hc• exercised by Lcndcr 0 csercisc 11 p.r,rh tined lsy
<br />federal law as of the date of thus Sr:cumt Ittstrument-
<br />1f Lender exercises this option. Lender shall gioe Borrower nottcc of acce!eraltirn I he mottos shall pros tit a pert ld
<br />of not less than 30days from the elate the notice is deh%ered or marled wuhrsn w lilt h Barr. +w e: nrrist pun all ,tin:, secucca (,y
<br />this Security Instrument if Itirrowrr fads to pay these suits prior ro the espiraivni of this pervai. I ender may uo,;l,e. : : :y
<br />remedies permitted by this Sccurny Instrument without further notice or demand op Borrower
<br />18. Borrower's Right to Reinstate. If 1341rrower attests c:erIjm condiltoji,. Bornnser ,hail fia.c the right w hioe
<br />anforc'emcnt of'this Securuy In >irumcm dn,oimoued at any time prior iii the cancci of tai . �,_ta%s ter such , +tiler pciwd .,,
<br />applicable law may specify for rcir siatcm . t Mtorc sale of the Pr,,1„n tt pursuant io any p,'+ccr of ,air „ n'lwco u, tiro
<br />SecurdtV lu.trutncnt or (h) sear, of a ludEn,rnt rrtf?tr.mt; ihr sec'ir:ty lnstnuncni Those . .,,ftti.:;n ,ire !h.1: !4„r•,,rsc.
<br />la) pays Lender at) ,inn w }ttci t ?teti uvutd h. duo turcfcr this tic,. :r ;ey 1n,tni:lient and ti;i \, tt ,a.!
<br />weurrn .1, 01.1 Lions arse dcfru!i - i act, +1tl!rcr "I agrcerricur .e) pas, A. e n: ;' i stn.
<br />`iccurir} iOntrUmemt :nciuding. Iiut not hmdKtt to, fe- vmi:+hl attain =:,s' 1cr-, and
<br />rV'A. ,tatsh r.;ic,a - f;* isa ear tT +at .he Lien c t tt:is ,multi insuument I ello'r .lights 1'r..it.' .0 +rl li< tr•u; .
<br />r -��? jriti<on tit.- •.01n, ,r•.u!'eo its 1111, �'reur:is hisr,irncn!
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