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<br />86..
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<br />103 4 2
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security instrument,
<br />in until such time as the requirement for the
<br />Borrower shall pay the premiums required to maintain the insurance effect
<br />Lenders written agreement or applicable law.
<br />insurance terminates in accordance with Borrowers and
<br />S. liiis�eetioa. 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 />or claim for damages, direct or consequential, in connection with
<br />°9. Condemnation. The proceeds of any award
<br />condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnation, are herebv
<br />any
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be 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 be reduced by
<br />of she sums secured immediately
<br />the amount of the proceeds multiplied by the following fraction: (a) the total smount
<br />Property immediately before the taking. Any balance shall be
<br />before the taking, divided by (b) the fair market value of the
<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 Lender within 30 days after the date the notice is
<br />its to restoration or repair of the Property or
<br />given, Lender is authorized to collect and apply the proceeds, at option, either
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />of to principal shall not extend or
<br />Unless Lender and Borrower otherwise agree in writing, any application proceeds
<br />the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />postpone
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />in
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor
<br />modification i
<br />Borrower or Borrower's successors in nterest.
<br />interest of Borrower shall not operate to release the liability of the original
<br />in interest or refuse to extend time for
<br />Lender shall not be required to commence proceedings against any successor
<br />by Security instrument by reason of any demand made
<br />payment or otherwise modify amortization of the sums secured this
<br />in interest. Any forbearance by Lender in exercising any right or remedy
<br />by the original Borrower or Borrowers successors
<br />shall not be a waiver of or preclude the exercise of any right or remedy. --
<br />Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />11. Successors and Assigns
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of 17. Borrowers covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />paragraph
<br />Instrument but does not execute the Note: (a) is co- signing this Security instrument only to mortgage, grant and convey
<br />Instrument: (b) is not personally obligated to pay
<br />that Borrower's interest in the Property under the terms of this Security
<br />Lender and any other Borrower may agree to extend,
<br />w =
<br />the sums secured by this Security Instrument; and (c) agrees that
<br />forbear any accommodations with regard to the terms of this Security Instrument or the Note without
<br />modify, or make
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security lust rument is subject to a law which sets maximum loan
<br />E
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />loan charge shall be reduced by the amount
<br />connection with the loan exceed the permitted limits, then: (a) any such
<br />to the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />necessary reduce
<br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />permitted
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment ch-urge under the Note.
<br />or expiration of applicable laws has the effect of
<br />r ,
<br />13. Legislation Affecting Lender's Rights. If enactment
<br />any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option.
<br />rendering
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />Lender take the steps specified in the second paragraph of
<br />permitted by paragraph 19. If Lender exercises this option, shall
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable taw requires use of another method. The notice shall be directed t the
<br />designates by notice to Linder. Any notice to Lender shall be given
<br />Property Address or any other address Borrower
<br />m e
<br />to Lender's address stated herein or any other address Lender designates by notice to Borrower. A noticce
<br />first class mail
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Propert} craft)
<br />in Borrower is sold or transferred told Borrower is not a natural
<br />interest in it is sold or transferred (or if a beneficial interest
<br />without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums
<br />by
<br />person)
<br />secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited
<br />federal law as of the date of this Security Instrument.
<br />if tender exercises this option. Lender shall give Borrower notice of acceleration. The notice shail provi(le a pernxi
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security instrument. If Borrower fails to pay these sums prior to the expiration of this I.erod. Lender rna in., kc any
<br />remedies permitted by this Security Instrument without further notice or demand on Borr(wer.
<br />Borrower shall have• the n0it to ha%e
<br />is. Bomwer's Right to Reinstate. If Borrower meets certain conditions.
<br />of this Security Instrument diwonhnued at any time prior to the o m her of 111 c dap, cot such Other i o lt"d a,
<br />enforcement
<br />applicable law- may specify for reinswtenlentl hefoie sale of the Property pur,uani it) an :l ,ewer of ,;dr cOnrtraed ,n ihn
<br />Thos condniotl, ;:rc that lei r• :,ucr
<br />Security lnstrument: or (b) enin of a iudgnrent oitorcing thi, Security Instrument s
<br />(a) Lender all sums which then wc:uld be due under thr, Securit} In,trunieni rid Mlle Note had nn a.'�.elrra :n,n
<br />pays
<br />x'cursed: (h) .ores aue d,efauli of tiny other aotenanrs or agreemcll- (cl Illi%s .ell cs; tn,c, 'c"'d :n t'loOl. n =r slu,
<br />Security Instrirnte:ri, insludhig, but not haetted tit, reasonable attar ecc' hec� a -d fdl tr'4 r, ,u h acti4ln ' l en ct m��
<br />ty Ilisu i 1 cad s st ha : 1 he I r err. n i N �. +r
<br />raaselnahly require t r sure than the !tell of Oil, Swcun um
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<br />xa urrcXi Hr,wz ^'.c+, ;It14 ttp?tt to rein,l�.. ,.halt n: t r, hip s<l r: • a.a ..,. _, . l
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