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86- 103720
<br />If Lender reyutred mortgage insurance as a condition of making the ! -van Secured by this Security Instrument,
<br />Borrower shall pay the premiums reyuhcd to maintain the insurance in effect until Such time as kite regwremett for the
<br />insurance terminates fn acordoalx with 1lorrowei s and Lender's written agreement or a", IICahk dew.
<br />g. Inspealtsit. Lender or its agent may mate reasonable entries upon and Inspections of the Property. Lender
<br />•hall give Borrower notice at the litre nror pnor loon inspection specifying reasonable cause for the inspection
<br />9.` CatdmMlN{aa. The pfoeeeds of any award or claim for damages, director cunseyuent)al, in connect ion with
<br />any ctAndcmnation or other i4knng of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />)mtgned and shall be paid to Lender.
<br />Ind the event of is 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 Bnrrowcr 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 lire 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 />pied to Borrower.
<br />If the Property is abandoned by Borrower, or if. after notice by f.endcr to Ihirrowcr that the condcmntx offers to
<br />make an award or settle a claim for damages. Borrower fails to respond to !,ender within 10 Jays after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds. at its option. either to re%toratuoo Air repair of tote Property or
<br />to the sums scoured by this Security Instrument, whether or not then due
<br />Unless Lender and Borrower otherwise agree in writing, airy application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Burrower Not Released; Forbeernnce By Under Not a Waiver. Extension of the time fur payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lauder to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Burrower or Borrower's successor' tie Interest.
<br />Lender shall not ire required to commence proceedings against any aucxcmor m toterni or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Sccurit y Instrument by rcasort 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 be a waiver of or preclude the exercise of any right or remedy
<br />11. Soccess ors avid Atiaigni Bowed; Joint and Several Liability; Cu- signers. The covenants and agreements of ,
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Burrower, subject to Lite provisions
<br />ofi¢aragraph 17 Borrower's covenants and agreements shall he pant and several. Any ldoxrowcn who cu -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security instrument only to mortgage, grant and convey
<br />that Borrower's interest tit the Property wider the terms of this Security Instrument, (b) Is not personally obligated to pay
<br />the sums secured by this Security Instrument, and (c) agrees that Lender and any other Burrower may agree to extend,
<br />modnfy, forbear or make any ac;rannnu>,fauous with regard to the terms of till% Sccurtty Instiumcnt or the Note without
<br />that Borrower's consent.
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<br />12. LAsaa C7utrgea. If the loan soured by tins Security Instrument I% subject uo a law which sets maxnnum loan
<br />charges, and that law is finally interpreted so that the Interest or other loan charges collected or u) he collected to
<br />connection with the loan exceed the permitted emits, then (a) any such loan chargr %hall he reduced by the amount
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<br />trecessary 10 reduce the charge to the permitted limit, and (h) any sums already collected 11`0111 Borrtlwcr which exceeded
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<br />permitted limits will he refuttdod to Borrower Lendcr may choose to m.ikr thl, refund by reducing the principal owed
<br />under the Note or by making a dircr:t payment to Burrower if a Iclund reduces prutcipal, the reduction will be treated as a
<br />partial prepayment without ally prepayasnu charge under the Note
<br />13. Lepslsoun Affecting i mfr's Rights. If Ctia%1mCnt of explrstion (if appiicable laws has the effect of
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<br />rendering any provision of the Noic of this Security lnatrumcni unrnfoiccablc accordmg Io u, terms, Lendcf, ;o Al... opium,
<br />may require imoict ate payutctit In lull of .df .urns s kurrd by thl% Security 111stru11lrnt and play utvolic any remedies
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<br />permitted by paragraph ly. If LendCf exCCCISC% 11115, c,pourl, I.CIIdCI ))Tali IakC lite ,ICI)% SjnC,111Cd 111 the %Cl'nllti paragraph of
<br />paragraph 17
<br />14. Notices. Any notice to M)frower provided tut tit Ihi%Srcurit) Insirumcni hall he giv'e11 by delivem ig it If by
<br />mailing it by first class w4d wilt:%% applicable law rcyutrr% u%c of .inothcr rtithiitl The notice %hall he ducted N/ [tic
<br />Property Address or any other address Bo(rowcr designate% by notice to I_eudcf Any noucc to Lendcr shall he givco by
<br />first class mad to Lender's address Stated herein or any other address Lender de,ignates by notice it) &nrowct Any notice
<br />provided for in this Security Itstrwncul %hail ire deemed to have been given to Ion rower car Lender when given a% provided
<br />in this paragraph
<br />IS. Governing Law; Severabilily. This Security ln%trumcnt %hall he grtvcrilcd by federal law and the law of the
<br />jurisdiction in which the Pr ficrty a located lit the event Ilia, any provisiou or c lau %c of 1111% Sccurily Insifunicut of the
<br />Note conflicts with applicable law, such conflict %hall not admi tither provisions of lilt' Security Instrui ncnt tit the Note
<br />which cast he given effect without the confficttng provision To this end the provl%non% of ills Seturty Instrument and the
<br />Note are declared to be severable
<br />16. Borrower's Copy. Horrower shall he given one conformal copy of the Nitre and of this Security Instrument.
<br />17. Transfer of the Property err a lieachcnd laterest In Borrower. If all car any part of the Property or any
<br />interest in it is sold or tramlerred (of if* betmchcal interest in flit( tower i% sold car iramfericd slid Borrower is not it natural
<br />person) without Lender's prior written consent, Lender may. at its option, require Inunedtatc payment tit lull of all Sums
<br />secured by this Security In,,trumem Nnwcver, this optnm shall not he exercised by Lender if exercise I% piohihted by
<br />federal paw asuf the date of this ScLunvy In %irumcnt
<br />If Lender exercises this opxton, lender shall give Bnnower notice of acceleration the nonce shall provide is period
<br />of mot lei than 30days (rent the date the notice is delivered or mailed within which Borrower rnu%t pay all Sums Secured by
<br />this Security Instrument If Bunower fads to pay thou sums prior to the exptiation of till% penocl, lender may invoke any
<br />remediespermtted by thus Security Instrument without lurrttrt outl.c or demand on Itomrowct
<br />I& Bwre~ls Risen to Reiastatt. If llrtrrower meris certain condnnws, Nuniwci shall have. the right Ito have
<br />enforcement of itus Security Instrument dixtinitnued at any time prix lu lite calllef (II la) S day%It's such other pen(id as
<br />applicable law may specify cur tetn%ioleniewi enure %ale of the property pulwani tit, any (waver of %ale contatucd in thls
<br />Security Instrument, lit (h) entry of a judKnun,t enforcing the' set unty In %iruincni I hose anldnlun% air Altai ltortower
<br />(a) pays Lender oil sums which then would he due under lht% Smartly Insimistcnt .aid Ihr Noir cud im ,sc vIrfation
<br />JKCUtrrd, (h) cute% any default of any t>iher '.`vrnanl% 44 egfrrnle111% ft ) pay% Al 1`y cn'r% In, urrrxl in entorctnig thl%
<br />Yes
<br />Se:utdy (nsrrumrrnt. tea ltadnlit . but ieot hnuc<d It), rra't .nnhir ari,rnrv% Ire+ mud lilt l.ar% w. h attnnl n% 1 rndef may
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<br />reaxraaNY fe4urfe to as%utc that the Item cal ling Se urty Ir)Irtuncnl. I meter's +exltt, rot file 1'rui efty and Nirn)K'rl x
<br />ob1(gata,n to pay lire %unt% secured by ihn w urny In%rrumcni 'hall .anrenur un%hea�rtt t'i to ern : %InRntrni nv
<br />�fiiMef_ this let. telly It%1 rYtlrrlt{ ;told Ihr .rbtlxai ll lit%`/_'t tl+l'd her Ct`y ♦hA ?i rernetit (,lily Cot r`. ll.f t. tit it.. .it tClr+eil. tf, tlfld
<br />4tei!l,.i It art 1`r �Itc +.ftgnt lttlCl ,r %i.,if'it„tl+,.,1,.;.t,il tit. lilt .. t..+1`.t l.,tr.i� ...i 1 ,�. 1i ii 1
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