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86-- 103917
<br />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 written 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 ofor 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 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 proceed, hail be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. in the even of t of a partial taking 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 baiance shall be
<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 />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 Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writing, any 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. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tine 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 operate to release the liability of the original Borrower 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 modify amortization 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 Lender in exercising, any right or remedy
<br />shall not be a waiver ofor preclude the exercise of any right or remedy.
<br />It. 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 provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -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 in the Property under 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 Borrower may agree to extend.
<br />modify, forbear or make any accommotdations with regard to the terms of this Security instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected of to he collected in
<br />connection with the loan exceed the permitted lnits, then: (a) any such loan charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted Limit; and th) any sums already collected from Borrower which exceeded
<br />permitted limits will he refunded to Borrower. Lender may choose to make this 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 be treated as a
<br />partial prepayment without any prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Iwo rumeiit unenfiirceable according to its terms, Lender. at its option, ;.
<br />may require immediate payment in full of all sums secured h,t this Sccuriq Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified tit the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice io Borrower provided form this Security instrument shall be given hp delivering it or by
<br />mailing it b% first class mail unless applicable law requires use of another method 7'he notice shall he directed to file
<br />Property Address or any other address Borrower designates by notice (if Lender. Any notice to Lender shall bt. given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<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 goner tied by federal law and file law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security 1n,_trurnent 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 provision, of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shah be given one conformed copy (if the 'vote and of this Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. 11 all of any part of the Property or any
<br />interest in it is sold or transferred (or i£a heneficial interest in Borrower is sold or transferred and Borrower is not if natural
<br />Person) without Lender's prior written consent, Lender niay, at its option, require immaiiale payment in full of all Munn
<br />secured by this Security Instrintlent. However, ties opnnn shall not be exercised by Lender if e.xercase is prohibited by
<br />federal law as of the date of this Security Instrument
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<br />Lf Lender exercises this option, Lender shall give Borrower notice of acceleration 1 he notice shall provide it period
<br />of not less than 30 days £rum the date the notice is delivered or mailed within which Borrc,wei mint pay all Mums secured t >v
<br />this Security Instrument. If Borrower fails to pay these scans prior to (tie expiration of thus pcnod, I ender may nrvc•kc any
<br />remedies permitted by this Security Instrument without further notice or demand on Hot ruwct
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditlons, Borrower shali haic lilt right t., ha�v
<br />enh'rrcement of this Security instrument discontinued at any tittle prat to tilt earlier tit (tit °- days (,IT ;tic h o,rher pt•ruxi ;is
<br />applicable tau may specify for remstatement) before sale of the Piopxrl} pursuant t., m plower of s il< c�nu.uned in this
<br />Security Instrument. or fb) entry of a judgment enforcutg this Se, uroy fn.Irunieni I h —e c,, I,, IiI,.,M arc ih.cr Iiotn.wrr
<br />(a) pays Lender all sums whuh then would ht due under this Securily In unit t and ifi \ozu h S n , a—c1crzatot.
<br />occurred (b) cures any default of all) other covenant, or agi mail M is t p.ry ill xp cnse m u ui tit e it r uiy, th � h.
<br />Security Instrument, mch•rduig, but not hurtled to, a ,iincv i.M• oui icll tuk- Bch i n n a I islet =n,n
<br />reaannably require to assrrr that file hen of tills `vccurny ft,sir.uncn, I ender Ahr• In !hc Pr nci H,,rt svri',
<br />obligation ':o pray titc runts x'r. urrxl by tlns Sctiunly last ram ;:tit :I�.i l! uri:r rare h,r�c.f t wt�t ;i!rr�e ; ;�
<br />W,rfowcr. ohs St•ei3r,tq fri"rumcm and the "biugall .n .rtcure I t.cn:h,. +;t;, .all, rtl-11 - hail
<br />c,oirrrd Howev�, this tight To rctnstiate .hall not appi•. •n the,::�c,.1
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