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86-- 103944
<br />I If Leader required mortgage insurance As a condition of making the loan secured by this Security Instrument,
<br />Burrower shall pay the premiums required to maintain the insurance in cffcct until such time as the requirement for the
<br />insurance terminates in accordance with Borrowcr's and Lender's written agreement or applicable law.
<br />g, (nnpection. Lender or its agent may make reasonable entries upon and inspeaions of the Property. Lender
<br />shall give Borrower notice at the time of tor prior to an mspcclion specifying reasonable cause for the inspection.
<br />9. Condear"jon. The proceeds of any award or claim fur damages, director consequential, in connection with
<br />any condemnation or other Biking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lcnder.
<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 arty 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 he reduced by
<br />the amount of the prtxecd► multiplied by llte following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Properly immrxhalcly before the taking. Any balance shall be
<br />paid to Burrower.
<br />If the Property is abandoned by Borrower, or if, after notice by I-elldel Io lir,rruwcr that the condemnor offers [o
<br />make an award or settle a claim for damages, Borrower fails to respond to Lendcr within 10 days after the date the notice is
<br />given, Lender is authorized w collet and apply the pro cads, at its option, earlier 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 pnnclpal shall nut 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. Mirrower Not Rehssed; 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 operate to release the liability of the original Borrower or Borrower's successors m interest.
<br />Lender shall 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 Sccunty Instrument by rcason of ally dcnnand made
<br />by the original Borrower or Borrower's succcsslsrs In interest. Any forbearance by Lendcr tin exercising any right or remedy
<br />shall not be a waiver ofor preclude the exercise of any right or remedy.
<br />The and agreements of
<br />11. Saeeeaaors and Aasigai Bound; Joint and Several Liability; Co- signers. covenants
<br />this Security Instrument shall bind and benefit the successors and assigns of Lendcr and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall he joint and several. Any Borrower who co- signs this Sccunty
<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 Lendcr and any other Burrower play agree to extend,
<br />modify, forbear or make any ACCOMmodeuuns with regard m, the terms of this Security Instrument of the Note without
<br />that Borrower's consent.
<br />12. Ivan 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 or to he collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />nccc%sary to reduce the charge to the permtte d limit; and (b) any sums already collected from Borrower which exceeded
<br />permuted limits will be refunded to Borrower Lendcr may chunse tit make this refund by reducing the pnncigoal owed
<br />under the Note or by making a direct paymcul to Borrower If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment wit huut any prcpayn,cnt charge under the Not c.
<br />If of Cxpifalloo tit applicable laws has the effect of
<br />13. Legi►latiun Affecting L.endtr% Rights. cnacirncul
<br />rendering any provision of the Notc or this Security 11IStf Ulneol Unenforceable ac LOrding UI its terrlls, L.cmier, at Its option,
<br />by [Ills Smullly 1111Iranlrlll and Inlay nIVokC Ally fCFIICdlC]
<br />may require immediate pAynllCllt In full of all Snob sccurcd
<br />l 1111s option, Lentict take lllc steps spccllied tit the sCuond paragraph of
<br />permitted by paragraph IN. if -ender Cllerllscs ,,hall
<br />paragraph 17
<br />14. Notices. Any noUie to Ilmrn,wer provided for ul thin tircunty Instnuncui shall hr gnvrn by drhvrnng a err by
<br />mailing it by first class mall uolcss apphcablc law requires use of Anothrr int-thool Ihr 110tiu• shall br dlrerlyd to the
<br />Property Address or any other address Ikurower designates by notice to Lcudcl Any TIOULC tai LCIIdCI shall br gives+ by
<br />first class mad to Ltrider's address stated hereto orally other eddies Lender, designates by 11,111,_r to Borrower Any nonce
<br />provided for in this Security Instrument shall toe deemed 10 have been given to Borro WCf ,1r Lendcr when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument ,h.111 hr g,1venled by federal law and the law of the
<br />jurisdiction In which the Property is located. In the event that any provblon or cl.wse Of Ihu SCeurlly losli a icnl or rile
<br />Note conflicts with applicable law, such conflict shall nut affect other provisions of this Sccunty Instrument ,1r [hr Note
<br />which can be given effect without the conflicting provision To this end the provisions of this Security Instrument :slid the
<br />Note arc declared 10 be severable.
<br />16. Llurrower's Copy. Borrower shall be given One conlonned copy (,i the Nola and of this Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Bornlwer. If all or any pan of the Property or any
<br />interest in it is sold or transferred for As beneficial Interest In Burrower Is sold Or transfened and Borrower is not a natufal
<br />person) without Lender's prior written consent, lender may, At its option, require Immedlalc payment In full of all sums
<br />secured by this Security Instrument. However, this option shall riot tsc exercised by Lender d exercose Is prohlhnrd by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, I.code, shall give Borrower notice of acceleration 1 he notice shall provide a period
<br />to(not less than Ridays from the dare the notice IS dCllyered or nlallcd wetlun which lj,rl rowel nulsi pay all sums secured by
<br />this S"uruy Instrument If Borrower falls to pay these sums pour ro the explratiun of Ihu pen,1d, t.cndrr may nlvoke any
<br />remedies permitted by ihls Security Instrument without holler, noLlrr ur demand tin Ilurnrwct
<br />Br,rrriwel shill have the tight al have
<br />1N. 1orrower's Riglil to Reinstate. If jlllrrowrr mcrls ccltam n>ndltioees,
<br />10 1 he coo her of (a) S rhtys tin sue.11 oncci txr, :o) as
<br />oil
<br />enforcernrnt of this Security Ltstruwnrnt discontinued At any unit pouf
<br />Lappinable iew may specily for relnsiatculrnl) twwre salt ul 1hr N'11 troy pul,uanl for ally INrwl'r o f saie nuu,uncd m this
<br />li..no soil
<br />%c curtly Itisiturncnl, or th) entry of A ltitigniew crliorl init tins ice only 11"rurilcnl 1 h, x iundnl uls arc that
<br />Instrument nor Not t- had m..ocoricr;olr,rn
<br />(a) pays I ender ail suons which then would he clue uncle, lhrs Srtunly .111d
<br />urrnt OI nhri, mg Ihrs
<br />r;q
<br />Iccutrrd, lbI cures any drfaull e,( any other t,r,tl ails or al;ncnlrnls 1")
<br />(di I.e ►rs silo h A,fw its ;ender ,nay
<br />Sel.unly tnstrunurli. :no to <leult. bun not nitn reQ k icasnnaftr. alli.i nr ys tics and
<br />Se,unty Ivsrnrulrnt 1 uitler < nkl:ts nr'he 1'r jwrly al.d fee rt.rw<-, v
<br />reaxulaMy require 111 asvuec ihar the !Wn oil this
<br />eiiT6lKairen tc> t,ay the .cups ut_ur rd hr Ilse, 'se'.uniy Insv ,i laro�nl woad _,r,u -. 1,;—, r 1
<br />'.swy lnstrutnenP an.l Ito: `- rd.j41rrr111 r,r,�_.t,, ,Fi,tll .r.rr
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<br />It — - ,cli;,11t �. „ir .- ...0i, i. ' ,,. .t - ..o..`
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