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86- 102675
<br />FIf
<br />Lender rrquird mortgage insurance as a condition of making the loan secured by this Securily Instrument,
<br />Borrower ,hall pas the premium, required to maintain the insurance tit effect until such time as the requirement for the
<br />insurance terrrtlratc's inacardanca iviih Borrower's and Lender's written agreement fir applicable law.
<br />A. inspection. Lender or,its lt$enr may make reasonable entrees upon and inspections of the Property. Lender
<br />shall give Barrowcr trliltCC a( - <IIle fttheud air prior loan mipcYtion %tecifying rea%linahle cause for the inspection.
<br />9. Condemnstioa. `1'be proticceds of afiy award ill :farm ter damages. direct or consequential, in connection with
<br />any condemnation or other taking of arty part of the Property. or liar conveyance m lieu of condemnation, are herchy
<br />assigned and shall be paid to Lender
<br />In the event -if a !total taking of the Ptoperty, the prccced, ,hall he applied In t he sums secured by this Security
<br />Instrument, whether or riot then due. with any excess hard to Bm r ,i,er In the went of a partial taking of the Property,
<br />unless Borrower and lender otherwise agree m esrinog. the runts sex fired by this Security Instrument shall be reduced by
<br />the amount of the proceeds mulnplted hp the �:olEcwmg fraction fa) the unai amount of the suits secured immediately
<br />before the taking. divided hti ih) the fair market value of the Propene trnri:ediately before the taking. .Any balance shall lie
<br />paid To Borrower
<br />If the Property is abandoned by Barrowcr, or if. after notice h} Lender to Borrower that the condemnor offers to
<br />make an award or settle :t claim for damages, Borrower fails to respond to lender within 30 days after the date the nonce IN
<br />given. Lender I% authorised to collect and apply the proceed,, at its option, either to resioratton nr repair of the Property or
<br />it, the %urns sectired b% this Security invrtimcnt. whether or not then duc
<br />Cnle%s Lender and florr.,wcrcitherwisr agree In writing, any application of proceeds to principal shall nor extend or
<br />prntpcme the due date of the monthly payments referred to In paragraphs 1 and _' or change the amount of such paynlents-
<br />10. Borrower Not Released: Fojbearance By Lender Not a Waiver. Extension of the rime for payment or
<br />modification of amortization of the Burns % ecured by fill,., security instrument granted by Lender tit any successor to
<br />Interest of Borrower shall not operate to release The liability of the original Borrower or Borrower' successors in interest
<br />Lender shall not Mr reyuircd I o commence proceedings against any ,ul.ce,,or n! interest nr refuse to extend time for
<br />payment or otherwise modify amortization of the,unis secured by ibis So -uric instrument by reason of any demand made
<br />he the original Borrower or Bor,)wer'%.uc: - cm4lrs fit tnterest Any fiortx'aran,.e by Lender in exercising any right or remedy
<br />shall not he a sNaiycr of or preclude the exercr%c of any right or remedy
<br />11. Successors and Assigns Bound: Joint and Several Liability: Co-signers. I lie co%enanh, and agreentcnls of
<br />this Sccurrty Instrument shall hind and benefit the succes%ors and assigns,,? l.endrr and Borrower. subject to the prat ision,
<br />cif paragraph 11 Borrower's covenants and agreements shall he torn[ and ,e,eral -Xn% Borrower wilt, co- sagas tills Security"
<br />instrument bit? d,te, not execute the Vote (a) Is ego- slgrnng tlu, Sec linty In,trurrient only to mortg age.., *ant and cornrl
<br />that Mir rower's interest tit the Property under the re, Ills of ?fit, -,cl't.'ri;i instt tiimunt, (b) :, 11"t f ?er,t:nall% tNig,alcd !o l`:it'
<br />the ,urns secured by this ``e,,:nrtty Instrument• and [c) agree, fit;,[ I gilder anti ions other Borrower ma% agree tit c%!ct)d,
<br />inodify. foncear or Make any aL ,nnirodatlons with regard t,I life term, of tins Securlty fn,intrnent + r the Note without
<br />thai Borrower'sconxnt.
<br />12. Loom Charge -. If the 1 ".1 ti ,''tt rd it 1111, yCCt r I \ I'll (r It In t'nt I ,U h tic,! I ` 1 Liu Lit ,col, II Ia%l it In ill I, 611,
<br />charges. and that law I, finally InlcrpTelco, so shat the mtcreli it ii her L ar , II, ! r, wile, It'd I - r Ir he L1 11jCCTCd it
<br />cotnccrh,n with the liar cxLced the pernuued Innris. Then till arty ,u,h 111.01 -hUa:c sha[1 lie educed by the amottnl
<br />neussary tai reduce tilt °haI gc ( c the. permitted hrnl. and !h) aril sums alrcad o Ilu icd fr,m Bor lost. er Aillch e <ceedcc!
<br />pertniftrd li Tit n% w l! be rrfundui Barrnwer l t " fill rr roar ht 0u' rt I'm k, th1, 10 nd ht r;•tf if, lnE the• fir naefpa! iii ell
<br />under the No[e fir by making a d ,c. I pat melt? to Borro"Cr Il a tefund re,irices Pnn,fP.e1_ the rrdu.nnn w ell fe treated as a
<br />partial prcpas ment without arty prop :nnierlt charge sander the Note
<br />IJ. Legislation affecting Lender's Righis. if' ,racnnicnt or c,Ipirmwzi ,;r Ipph -ahlc law, ha, the effect of
<br />rendering any prevision of !tic \�,it . r fin: Securer% I fill funivilt Lltlt'rrt,111a :!h1• :as . r.in: I.` it, ,con,. I rn.:cr, at it, "Ption.
<br />map rCahllre irTln7CdratC p :l, (nc'nl !r! full of it!! hills ,ectlrCd 111 chi, ye': ll rl!`. Ilrilfllrfle'll! and roll\ I71,okr a(I% Ie'rlle'd IC%
<br />permtued by paragraph it' If Lender r"t- rases Iht% option. I ender shall lake Che steps ,Pcufled ri the second paragraph of
<br />paragraph 17
<br />IJ, %otiees. An, rou,:c t., B(.rn,wer provided for in :ht, Sea i.rt; in,;nlnteiv ,fl,ul I)e e)ict7 h} ticnc•nug it of h',
<br />mailing n by tirst -Lass maul unle„ applicable law rcqulres use ,if xfolher nictilod Hie noticc shall lie directed I,, the
<br />Property Addry or ant other address Borrower destgriatc% b} nonce o, Lcndei Any noii,e I,, Lender ,hall he cnen hs
<br />first class ma[f to l rider', address stated herein or any other addres, I ender dcslgnatr, by notice u, Burrower Ant ",)file
<br />provided for in ih,s Security Lastr merit .hail bt deemed to hale nee,) ale en to ldorrow cr „I I cmlcr ,a hen! gl, cn as pill, udcd
<br />in this paragraph
<br />IS. Governing 1.A-. Severabilith. Th1, se.nrdy Ilutiu[nen[ ,h;ill hr : .,used h, 'rdrral Ln, _,roil the i.o, „t ;tic
<br />jurisdiction to whle?I the Pn,pert:. is located In thee,eni shat any Pro,I,Gm if ,h :u,r,it !h", se:unty In,tfulliclt[ c i fill.
<br />Noic o:onflict, wuh app!ICah c Lit ,uah :onfltcl shall riot affc:[ other;r11%,sloris ,,f this SCeunrl in,trinent or the \i:te•
<br />which can be gncu clic,t 1uih,�ut itw aonflil tong pro%iaa,on to this cod +tic P:oto i,-u,, f ih1, Securnl lnslrurticni an,1 the
<br />Noie arc dec!arw i,, lie ,e, crat,lc
<br />16. Borrower's (opt ". B,•rr,wcr shall he ;:non „ne,,,titormcd :op% it rho \,.!r ,red "! :hl, ln,trur.? nI
<br />17. Transfer of the Property or a Beneficial Interest in Burrower. If _.11 fir any part A the Property or any
<br />interest tit it is sold fir Iran, crreoi t,1r I(a beneticlal Interest ;r, He'rn,u,I old or un,;alrrrc'ti anti Borrower I, n„f a liartu "af
<br />prrsemf without Lender l pii„x Arnim _onscni. Lender may. at it,,,pili,n, reyau.: ,uunaharc P.rtmcril :li furl ,,t .iii s.,rti,
<br />%ccurcd b% this Security in%trunicril Iltlwe, "er, tills ofilli.'rl ,hill ;);,1 he , \eltl,i'u !ii I Crider it i tCrll,e I, T11„It!t111ce1 ht
<br />federal law riot the ddtcot I11t?%1e":Clrltt lit %trtlmrnt
<br />It Lender CtierL Ile' till, ,,PIn,n. Lcndel shall gt,, Borrower fl, !lcc of acee!crarl,•It I lie o,,n,'c ,fiao Pio.a1c a pcfl,ml
<br />of not Itss than 30 iiay, frona the date the notice to ilcil,crcd :11` malied within i%his i B„rr.t cr rim,t I,;I% .111 ,11111, ,,-, illod ht
<br />Ibis SC limy instrument If i nto%cr falls to pray thew' sums prior n, the cxpiraiwn .,I till, prn:'t!, t , na;er nla, int l,kc .in,
<br />relic,; lacy lxtnntlm by this Security 111strument without further r tsar �u dcrnana on Bovrow,,r
<br />IA. Borrower's Right to Reinstate. If Borrower invos'_Crtaiil „roehnons. Ht,n:,het slim! !),, tilt' ;IIZhI It, 11.11c
<br />ccf ➢ll.enient o! !ills Sr' urr,y Inslnitneni d scortufluect ill ,im 'fin' prirrr t„ the rarhu t ?.it ° 11, ao,r ,a, h 'the pL . !e! .o.
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