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86--- 102943
<br />If Lender required mortgage insurance as a condition of making the loan securers by this Security Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect tnttil such time as the requirement for the
<br />insurance in accordance with Borrower's and Lender's written agreement or applicable law
<br />terminates
<br />8. 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 comeence in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceed. ,hall he 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 secured by this Security Instrument shall he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) live total amount of the sums secured immediatety
<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 abandoned by Borrower, or if, after nonce 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 n
<br />Lender is authorized to collect and apply the proceeds. at its option• either try restoration or repair of the Property or
<br />given.
<br />to the sums secured by this Security Instrument, whether or not then due
<br />or—
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall ubt extend
<br />Unless
<br />the due date of 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 Witiver. Extension of the time for paynclit or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor tit
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors :n interest.
<br />Lender shall not be required to commence prtxeednrgs against any successor in merest or refuse fir extend time for
<br />payment or otherwise modify amzrtrzation 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 Lcnder m 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 covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the proe isun,s
<br />of paragraph 17. Borrower's covenants and agreements shall be boot and several. Any Burrower w ho cr -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage. grant and Lomey
<br />that Borrower's mieresf in the Property under the terms of this Sectirtty Instrument (li) ,, not personally obligated ro pay
<br />the sums secured by this Security instrument: and (c) agrees that lender and any, other Borrower nuty agree to extend.
<br />modify, forbear or make any accommodations with regard it, the terms of tilts Security ln,irunew or the \otc without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security instrument n wbfcct ur a law which sits maximum loin
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected rr
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge +hall be reduced by the auutint
<br />necessary to reduce the charge to the permitted limit. and (b) :tny sums aircady collected from Borrower which exceeded
<br />permitted limits will he refunded to Borrower Lender may choose to make his refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated a, it
<br />partial prepayment without any preps. merit charge under file Note
<br />13. legislation Affecting Lender's Rights. iI enactment or expiry Tion of applicable !itws has the ctlect of
<br />rendering any provision of the Yore or this Security Instrument unenforceable according to tis terms. Lcnder. at us opnon.
<br />may require immediate payment In full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph It) If Lcnder exercises this option. Lcnder shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. .Any notice to lorrower provided for 1n till Security Instrument shall he given by dch%cnng it or by
<br />mailing it by first class mail unless applicable law requires use of another riethod The notice shall he directed tl, fire
<br />Property Address or any Tither address Borrower designates hr noticc to Lender Any notice to Lender shall be given by
<br />first class mad to Lender's address stated herein or any other address Lender designate, by notice to Burrower Any notice
<br />provided form this Security Instrument shall be deemed !o have hcen given to Borrower it Lender w lien green as prof ided
<br />tit this paragraph.
<br />15. Governing 1_aw; tieverability. This Scrun[y instrument shaIi hr eovcnrrd by lalcri! law :uid the law of the
<br />jurisdiction to which the Property t, located. In the went that any provision rir :Iausc A tills Srcunly IT)IM ncnt ur the
<br />Note conflicts with :tppi. cable law• such conflict shall not affect other provisions of this SCCUrit) Instrument m the No!e
<br />which can be given effect without the conflicting Prcwrsuon fo this end the prousions Ill [!its Security Insiruncni cud ;tic
<br />Note are declared to be sev crabie.
<br />16, Borrower's Copy. Borrower shall lie goon tine :o nforincd copy if the Note and "1 0111 Sttiurit. Ir•sir,lmcni
<br />17. Transfer of the Property or a Beneficial Interest in Burrower. It all or any Pan of tire Property or .My
<br />interest in it is sold or transferred (or,f a beneficial Interest nr Borrowed 1s sold or transferred and liorn,wcr is nor a natural
<br />personi without Lender', prior written consent, Lender may. at u, opooif. require onrucdiaic payment In full of :111 .11111,
<br />secured by [)its Security Insiruncat However. this option shall not i,; cxclei,cd h; Lcndet It cvcrcr,C 1s pn,h,HIcd ivy
<br />federal law asof: lie dateoff his Stcunty instrument
<br />B' Lendcr exert %cis this option, Lender shall give Borrowei n:lticc;of acccicrauon i he mottle shall pro; Ice ., pern,d
<br />of not Icss than 30 days from they date the notice I, driivcrrd or mailed vv shin w filch Boormwer mu,t pay .ill ,unit scs a,1.6 by
<br />this Security Instrument If Borrower tads a, pay ihc,C sum, prior Io the cvpu anon I,t this peri-hl. l cndrr ma\
<br />retrtediespermrtiedbythis Sccunt yinsirurnentwiihoutfurthernoue udemandrinBorrovtcr
<br />Paw
<br />18. Borrower's Right to Reinstate. If li rrower inct s certain co i ditlom. itoflo wet hall h.nc Ili 11H )f lo lia\c•
<br />Nl
<br />cnforcen[cr.t of iftis Security liniruinent dtsconnnutd at .illy Time pri 1 1 Ill( carllu tt t tt i r., tier ILI, h Itil l fwd e,
<br />1 pH.able Saw mays e is .ref r uislatet Trol l More s�%l c ' the 1 toot _ v ; I,siartl 10 aav ; w 1 ,I 116C
<br />S evi ;ivy Instrument s I III) Tit!, of a;u Ir i cni cnti r r _ hl sic twll, in 1 r; n,cnt 1 h. t.' n !; 1n•viu
<br />ea) i,r }, I- cnsle, a!i su.rn, whl..h thou would ,,` .'ul, uu.:cl th:s xsl.nl) Irsur, ^:rnl .1::11 i.
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