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86" 103519
<br />r€ 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 effect until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's wntten agreement or applicable law
<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, director consequential, in connection with
<br />any condemnation or other taking of any pan of the Property, or for conveyance 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 proceeds %hall be applied to the sums secured by this Secunty
<br />Instrument, whether or not then dire, 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 />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<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 &grower, 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 I_endcr 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 Secunty Instrument, whether or riot then due
<br />Unless Lender and Burrower otherwise agree to writing, any application of proceeds to pnncipal shall not extend or
<br />postpone the due dare of the monthly payments referred to in paragraphs ! and 2 or change the amount of such payments.
<br />10. Borrower Not Released, Forbearance By Lender Not a Waiver. Extension of the time for payment of
<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 ongrnal Burrower or Borrower's successors in interest
<br />Lender shalt not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modifv amortization of the sums secured by this Security instrument by reason of. ny demand made
<br />by the anginal Borrower or Borrower's successors in interest. Any fioorbearancc by Lender to exercising any right (it remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy
<br />It. Successor's and .Assigns Bound. Joint and Several Liability: Cu- signers. The covenants and agreements of
<br />this Secunty Instrument shall hind and benefit the successors and assigns of Lender and Borrower. subject to the provisions
<br />of paragraph 17 Borrower's covenants and agreements shall be )uim and several Any Bt--ower who co -signs this Secunty
<br />Instrument but does not execute the 'Vote: (a) is co- signing this Secunty lnstrumei , t mortgage, grant and Convey
<br />that Borrower's interest in the Property under the terms of this Secumv Imtrumer, , (t•) is not pct onally obligated to pay
<br />the sums secured by this Security instrument; and (c) agrees that lender and .r', other Burrower may agree to extend,
<br />modify, forbear or make any JCCGmmudaLsons with regard to the arms of lh:• runty ln,truntrnl or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the Itvan secured by this Security Instrument is subject io a law which sets maximum loan
<br />charges• and that law is finally interpreted sit that the interest tit other loan Charge-, collected or io be tolimted in
<br />connection with the loan exceed the permitted limit-, then (a) any such loan charge shali he reduced by the amount
<br />necessary to reduce the charge to the permitted limit: and (h) am sums alr .tdy :ollectL•d from Borrower which exceeded
<br />permitted limits will be refunded to Borrower Lender may theme to make this rclund hv reducing the principal owed
<br />under the Note or by making a direct paye:rnt to Borrower If a refund reducts pnncipal, the reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights• if fna,:rment or expiratwn of applicable laws has the effect of
<br />rendering any provision of the "-tire or this Secunty Instrument unenforceable a.tordmg to it, leans. I ender. at its oiptwn.
<br />may require immediate payment in full of all sums secured by this Secunty Instrument and may aisokc ar.y rerntdies
<br />permitted by paragraph 19 If Lender exercises this option. Lender shall lake the steps specified in the second paragraph of
<br />paragraph 17
<br />14. Notices. Any notice to Borrower provided for in llus Security Instrument shall be green hx dely erring it or bt
<br />marling it by first class mail unless applicable law rrgwres use of another method The Wooer ,hail bt drrrrted lit the
<br />Property Address or any Either address Borrower designates by notice to Lender .Anv notice to Lender shall he given by
<br />first class marl to Lender's address stated herein or any other address Lender designates by notice to Borrow er Anv notrcr
<br />provided for in this Secunty Instrument shall be deemed to have been given to Burrower or Lender when given as pray ided
<br />in this paragraph.
<br />15. Governing Law; Severabilit). This Security Instrument shall t o gotrrned by tideral law and the law o f t ht
<br />jurisdiction in which the Property is located In the event that an) provision ur clause of this SL•cunly Instrument ur the
<br />Note conflicts with applicablc law, such conflict shall not affect other proviswns of Ihr, Secunty ln%trurneni or the Note
<br />wbwh can be given effect wtrhoout the conflicting provision Lo this end the prutuions of this Secunty Instninirrit and the
<br />Note are declared to he severable
<br />16. Borrower's Copy. Borrower shall he imen one ,onfornled tops it the \otc and it this Secunty ln.lruniern
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. It ill of sty part tit the Prutxrts or ans
<br />interest in it is sold or transferred for tia tsennccmal interest in Borrower is sold or transferred and BolrowL•r IS not a naliiral
<br />pert(m) without Lender's poor written consent. Linder may. at its opnon, require rmmedtale pas inrnt In full M all sum,
<br />soured by this ic;.urtt) Instrument. Hoiwevcr, this option shall not he exeiti,ed t:v I cnoct it c,,cro c is prohibited by
<br />federal law as of the date of this Security Instrument
<br />If Lender exercises this option, Lender shall givc Borrower notice of a—eleration I he minute ,hall pro,, idr a pen,od
<br />of nor less than 10 days from the (late the notice is deb%cre i or mauled within w hi, h Borrower fitu.t pay .iii Bunn w,ote J by
<br />thh Seeuruy Instru'ncrmt If Borrower fails to pay these sums prior to the expiraUOn of this prnod. I ctidet mat nookr.ut,
<br />remedies permitted by this Secunty Instrument without further nosuce or demand on liorr•lwer
<br />18. Borrower's Right to Reinstate. 11 Borrower meets certain tondill(ill% Bo noowri ,ha); hate the tight ;o ha,c
<br />enforcement of this sel urn) Insn unicni discontinued at any time pilot to the rarhrr 11 1a) s olats!Ill ,u, 11 other I,rn,nl Al
<br />®pplkeatvle law Mai, speo:lh for reinstdlemeni ) tsefore sale of the Prol crts pur,u;tnl t, in% ;. yr M 'al'. , rn;.unr t sit Ihos
<br />Securer) Itotruineut, or Ili) entry of a Judgment enforcing the, `eLUrlmy Instnunirrit t h,r,r c.otkiiwon, arc 111.11 ti,orlo•wco
<br />fa) pays Icndcr ail wta: which thus: could he due under ih., tie!unty Inytrrirrtcnl snot the \one hat) 110 .,,, 110.10.:11
<br />(it a:usred. Ihr cures ant defauii Of ;ens olhc: Lovcnano- or agreement,, t, t pass el; rx,uunsc. .n„urc11 in
<br />ti.;s urtl% Insrr umLM. Ili, lasing, but not lintiled n,, remon4hiv altoniry% arc, .tied oi! ;.A." "1,1, .1, 1t. -..rl i, I .'."l;-t car,
<br />real" liahl) iv(4tore t,' srffa chat the licit it this stet unly instrumew I rii,irr , :!k }`.t, rI, Itic 1'c .Ju t; `.i It, 1 I:
<br />ohhgar!.m i, pa, she ems ,tkusw,i by rill, seslrnty Instruri.rit sh 11 �.ontin..1< ^..urn. <! 1 i,. .;,..,nu !•v
<br />fbirro. err this lot my ttr.11umerir 4knd the •,,bligatiorn yettacd Honcho s)ia;l rcmaor
<br />_,,oil !s•.,., :c' •h,.. .Rh( r,moate shall rtot apple in the as. •
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