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86-- 103790
<br />If Lender required mortgage insurance as it 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 written agreement or applicable law.
<br />R. Inspection. Lender or its agent may',make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borr er notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />9. CirMirrination. The pioco s of any award or claim for damages. director consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for conveyance tit 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 shall h•_ applied to the Burns secured by this Security
<br />Instrument, whether or not thell dice• with any excess paid to Borrower In the event of it 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: !al the total amount of the sums secured immediately
<br />before the taking, divided by (h) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower
<br />If the Property is ahandoned 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 10 day's after the date the notice is
<br />given. Lender a authonz�d to collect and apple the proceeds. at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Seciir!t% Instrument. whether or nor then due.
<br />Unless Lender and Borrower inherw'ise agree in writing, any application of proceeds to principal shall not extend or
<br />Postpone the due date of the niortthly payments referred To in paragraphs i and -2 nil change the amount of such payments.
<br />ill. 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 operiuc In release the liability of the original Borrower or Borrow'er's successors Ili interest.
<br />Lender shall not he required to commence proceedings against any successor in interest or refuse In extend time for
<br />payment or otherwise mortify aninnization of the sums securec! by this Secunty Instrument by reason of any demand made
<br />by the orignial Borrower or Borrower's successors in interest Any fOrbearat!ce by I ender in 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. I -he c•oyenants and agreements of
<br />this Securuy Instrument shall hind and benefit the successors and assigns of Lender and Borrower. subject to the provisions
<br />of paragraph 17 Borrower's co�vnants and agreements shat; be joint and sexeral. Any Horrower who co -signs this Security
<br />Instrument but does not execute the• Note ra) is co- signing this Scti:nrtrc Instrument onh to niortgacc, grant and corn ey
<br />That Borrower's interest tit the ProPCON under the Terrill Of tills Serunty ]ns!runicnt: (h) is not personally obligated to pay
<br />the sums secured by this Security' InStrnlnCnt: and (c) agrees that I.Cnder and any other Borrower may agree to extenei.
<br />rnodifc, forbear or make any atCrniITwdatitnrs with r"gant to the tcrrns it tlu, 5ccunty Insirunicrit or the tithe without
<br />that Borrower's consent.
<br />12. Loan Chartres. If the loam ,r..!r.c: by till, Seuirin 1!1>!n1nirr ;T Is ,uhlrct r„ a Los w} ;i. :i ,cis mastntunt brio
<br />barges, and 'flat law „ fin; lly micrl,n•ted Thai the' Inlcsrst , her I•,an char. r, ,,I!cc!n! c l to he collected ni
<br />rnnnernon with the !oar, exceed the• pernitreci hums. then (ai ant sucfi titan charge shall he reduced by Tire amount
<br />neressar} TO :educe the ch3rgi ro the permutcd hmu- and (ht anc sums already ; ollecicd from Borrower which exceeded
<br />permtried limits will be refunded tr li,.,rr,,uer L:ncfcr nta} Ch,,,,sr to rn,ikc till: rci.and h" rcducin; the principal owed
<br />under the Note nr by mak!nc it rhrc•cT nayrncnt To H,art,syrr If d n•fund r.--duce, tr, mc!p.ti Ow !edmlion will he treated as a
<br />partial prepayment wuhota any prrpa, oient cliargr under !ht- Now
<br />13. Legislation Affecting Lender's R;ghts- If euacT nrnt xptrir!,m ,,t apphcohle laws has the effect of
<br />rendering any prc,ytsu,n of the Note :,r Fn;, securiiy Itislrllmtitli Tuicntorrrahic .r.c• rini t. rim,. I cider, tit u, Opium.
<br />may require !rnrnedia!e p.tytnenl in full of Al suns, ..cured i Th!, tics ;.ua. Irr,trunirnt :old may iriyoke any remedies
<br />pernntted by paraeraph ! ' f 1f 1 -Coder rx, n.tsr, Tins optwll. t ender ,haii !Ac Ilir ,icp, ,peufirc} in the seccutd paragraph of
<br />paragraph 17
<br />14. Notices. Ali} n.•t!cc t„ Hor,owcr p10'.; cd t�:x !n till, Sc, unr, llisiRlniCTt! ,hall he' eiccn hi Jehcrnng It 'It
<br />mailing it by first class null unless a}iphcabIC law [.quires u,c• , a ioth'i ni,thod fhc n::ncr ,liali he directed it, the
<br />Property Address or any other address Burrower ilrs!gnatcs hs nnu.'c r,, I vn&! Xliy n,rticc i,: Lender shall he gtrc•n h}
<br />first ctitss mat! to Lender', addre,s,ta!�!d hrrciii or ant other iddre I cndci deslgnatc, hs none t„ Borr,+wci Any notice
<br />pro%I led t ,r ui tills Secur!IS L•tstru!irtcnt •hall; bedecn,c•d T h ;tic lire'!; k,cr!i t.. HOrt —tcr, t i en,lc•! when _:yin Al pr;nidcd
<br />ni till, paragraph.
<br />15. Go%erning Law: Severabilrt}. I his Sccurt, tn,tn;nirn! ,. ;,,il h, „C!ur,i i„ !,,,i ;tat Iasi -!:ld !h, +.t'•, (,I !llc
<br />lur!Sdtctlon to ultich the Pr „(:c.r!., ;, !, sated in the scent Ihat guy r,,,n!c': J , fails , , ;h;, lit ; :,, hi !rcn!_ni , Ohs
<br />Ni,tc r,h apps _tic l:,i ,,1: c.na'_c, 1h3h r,,! dticc, r, he ! ,I,! -M' 01 0111 Sccc.rl! 1.1,!T ,..t .., the N...
<br />ciitcl,—on hevi, riiclIcLt ,,.hi„r. i,.,.;,,..c,:it,: pt, ., ;,��.,c. ti„uru ,
<br />!. � lnsu �: r,�cr! n,l
<br />Nolc atic dc' IarcJ I,,!,c•,cs crahjc
<br />16. Borroviier's Copy. H ,T ,,,..r ,h-t! he : cr ,m; . ail rn +r,; A d h; •,,,, c 1,,.; _,!: , ; ;�
<br />17. Transfer of the Property or a Beneficial Interest in Burrower. it .ill •.•r ., ;, }:;iii „! ;he 1'r pcn, ,�t .ur,
<br />ItOcrc,t iii It I, sold ur Itiilisfet!cci foi it a heticticcd mil -rest !r, Hotrowcr !,,oai Of naii,fe!rrd';nc3 H,.:rr,,wci !• m,t a r,:u:;ral
<br />,,ct!rt) a ih„+i: Icndc',!'nu• %r•lltn um•,cnt, i rile: nia:. a! .•I•! n,. ;:.in. c i.!,u;rn•
<br />,.curul hs !I'll, Sccut!!s In,Tn,in: :•:'. Hc,sc,.... tin „I,!:,ai I,,,;i .,., _ c,.c... ,,. r; ., .-, :., i,.
<br />fedrr ;llaw a,.,ttlic ;late.,fTh!.�Scc;,rii, It ,,..,acnT
<br />u,fc! ..alt cl,r lie cI r „!I,, t,.. .! i! , . I ;. „
<br />.-t 110! ,c -, ihan f; Lip, I. -.ir,i ilia• de!o bin• n, „re, ,, llt'h ircl •r in.iLir.!'.c".hill .ci i, h li,,; . ,t:. .�,t I Al . .,;. i,.-c' h,
<br />,`its tia -urv;, lnstrutr.rt;T It lir.!tc,wci tai!, t,l h. -+, the,,. ,.,!n, tu,u !: T':, c cina! -..; ., •.Ii, I ,r ,i ,. -.,, ....
<br />.eflie:;se,l,errnntcclhi i?1s1.,:1jroe lri•.rnatuc•t; +nh.,.0 t,.•,i,c-r s;,, , i.11.so.1 li....,,,,cr
<br />1(1. Borrower's Right to Reinstate, It Hnrr::w. Mrn "[, c.r?X!! ,- ,,...:, - it, , ,.I Z,, ...,.,
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