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<br />86--- 102831
<br />if Lender required mortgage Insurance a, a condition of rnakmg 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 terminate% to 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. [ender
<br />shall giie Borrower notice at the time of or prior to an inspection %peclfy :rig 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 to Lender
<br />In the went of a total taking of the Properly, the proceeds shall •:c applied t0 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 />unicss 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: (a) the eutal amount of the sums secured immediately
<br />before the taking, divided by (h) the fair inarket value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. 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 Lcndcr within 30 days after the date the
<br />notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property
<br />or
<br />to the sums secured by this Security Instrument. whether or not then due
<br />Unless Lender and Borrower otherwise agree in writing. arty application o1 proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and : or change the amount of such payments.
<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 to any 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 refuse to extend time for
<br />pay merit ur otherwise modify amortrration 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. Any forbearance by Lender in exercising any right or remedy
<br />shall not he a waiver ofor preclude the exercise of any tight or remedy
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns cif (_ender and Borrower, subject to the provisions
<br />of paragraph 17 Borrower's covenants and agreements shall ticiomt and several. Any Borrower who co-signs this Security
<br />Llistrument but does not execute the Note: ((a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Scour "uy Instrument; (b) is riot personally obligated to pay
<br />the sums secured by this Security Instrument, and (e) agrees that Lcnder acid any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terry% of this Security Instrument or the Note without
<br />that Borrower'sconwrit
<br />12. Loan Charges. If the loan % ecured by th:, ;ecuruy Instrument is %object to a law which sets maximum loan
<br />charges, and that law' is finally interpreted so that the interest at other loan charges collected or to be collected in
<br />corinecuc•r, with the loin %coed the permitted limits, then (aj any such loan charge shall be reduced by the arnount
<br />rlccessar% tc reduce the charge to the permuted limit, and (b) any sums already collected from Borrower which exceeded
<br />permoied Lmus will he refunded to Boriower Lender coati choose to nuke this refund by red,:culg the principal owed
<br />under the Note or by mukmg a direct payment to Borrower If a refund reduces principal, the rCdUC1l0n will be treated as a
<br />partial prcpa%rnent without any prepayment charge under the- Note
<br />13. Legislation Affecting Lender's Rights. If enactmctll of e�piranori of applicable laws has the effect cif
<br />rcndenng an\ pros Ilion of the Notc or this Security Instrument unenfoiccahle according In ns terms, Lender. at its option,
<br />may rcyuue immediate payment In full of ;ill sums secured hp till, Secant% instrument and may invoke any remedies
<br />permitted b% paragraph 1'4 If render cxerL:ses this opnoil, !.ender shall take the steps specified in the second paragraph of
<br />paragraph
<br />13. Notices. Any notice to Ik,*r,>wcr pro\ rded for ire tills Scwrlt\ }nstrurnent shall he y;r%cn by delt%enng It or 6%
<br />maihng ii h% first class mall unless applicable law requires use of another method the notice shall be directed to the
<br />Propert% .Address for any other address Borrower designanr% h,, 1101ILC to Lender. Any notice to render shall be gllen by
<br />nr%t crass mail to Lenders address stated herein or any other address Lender deslgnaf es b% n,itlCC to Blofri)wCf. Any nOt1C:C
<br />pro%ided for In this Security instrument shall 'tor deemed to hale been gl \'Cri Ill Borrower or Lender when gip Cis as pr? %Ided
<br />to this paragraph
<br />15. Governing Law; Severability. This Sccucity Instrument shnli he go%crned by federal law and the law tit the
<br />turiscllc!lon in which the Property !s it'kd'uCii In the C %'ent (hill any pro,! -swn i,r .faux' of this SeLurily Instrument or the
<br />Note eontltats with applicable law. so, h %,inflict shall riot affect other prmrswns of this SeLurrty Instrument or the Note
<br />w filch %371 he gl \Cis Ct!GCI wit }i COtll he conillc It :ig pr,? %tsloon 10 tills end the preo,i %Il)ns of this Security Instrument arid the
<br />Note are declared to t+: seycrabic
<br />16. Borrower's Copy. Borr,wer shall be gr%en one , .niurmed copy of the Note and Of tins SCLuroy lnslrtiment
<br />1 ?. Transfer of the Property or it Beneficial interest in Borrower. It all or :any pan of the Property or any
<br />litter C %t in it Is sold or transferred (or if a beneficial interest in f }Rrrllwei Is s,dd or transferred and Borrower is nett a natural
<br />personi without L.endcr's prior written Lcroscnt, Lender rna\, at :Is :option, require monedlate payment in full n? all sums
<br />secured by this Security Instrument Howryrr. this option ;hall nor he cyerclscd by I endzer if eaerci%c is prohihoed h%
<br />federal law as of the date of this Secant% instrument
<br />If Lender exercises this option. Lender shall give Borr::wct notlCe of acceieraiio❑ I he noucc shall pro\Ide a pxnod
<br />of not ictts than 3t) days from the date the TIOTILC Is deit,rrcd or mailed thin which R,:riowcr must pay all suns lei tired b%
<br />'tin Se-Lunty instrument li Borrower falls to pay iliac sums prior to the ctiplratu,n of this pernld. Lender nra% rli,t:ic an%
<br />remedies permitied by this Sccunty instrument w!rhtlur further notice to demand on Borrower
<br />18. Borrowers Right to Reinstate I� BI wcr rnun Lcnaul dtr < ns Borrower shall ha,c the r %h. t., fl ,e
<br />c r rt;ern< 1 for this Secarlr%- In %rrutncni d nttn Itel it an} 11r l -t'oe r lcl Ifie carkry :,T (-i !,is �,,r �UlLfl Other fICrriIiA a1
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