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<br />86- .104057
<br />If Lender required mortgage insurance as a conditSuo of making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as a requirement for
<br />the insurance terminates in accordance with Borrower's and Lender's , rl itt,rl agreement or applicable law.
<br />S. Inspection. lender or its agent may make reasonable entries tip< n and inspections of the property. Lender shall
<br />give Borrower notice at the time of or prior to an inspection specdying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim tilt damages, direct or consequential, in connection with any
<br />condemnation or other takingnf any parr of the Pro peaty, or furcunveyane in lice of arllttentl:ltiun, are hereby assigned and
<br />shall be paid to Lender.
<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 I hen due, with any excess paid to Burrower. In theevent of a partial taking of the Property, unless
<br />Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the anwunt
<br />Of the proceeds multiplied by rile following fraction: taI the rutal amount of the sums secured immediately before raking,
<br />divided by !fo the fair market value if the Property immediately before the taking. Any balance shall be paid to Bocrrwe•r.
<br />II the property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers it make
<br />an award or settle a claim for damages, Borrower fails to respond ill Lender within ;0 days after the date the notice Is given,
<br />Lender is authorized to collect and apply the proceeds, at its opt in n, either ill restoration or repair of the property or t o t he
<br />sums secured by this Security Instrument, w' tier tier or not then clue
<br />Unless 1 -ender and Burrower otherwise agree in writing, .,fly apph noon of proceeds I,) principal shall not extend or
<br />posrpone the due date of the monthly payments referred t> in paragraphs I and ' or change rile amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tittle for payment or
<br />modifictriun of amortization of the sums secured by this Security hlsinnlMll granted be Lender to any successor in interest tit
<br />Borrower shall not operate to release file liability of the original Borro,er or Borrower's successors in interest. Lender shall
<br />not be required to commence proceedings against any successor in interest of refuse to extend rune for payment or otherwise
<br />modify aillortization of the sums secured by tills Security Instrument by reason of any demand made by the original Borrower
<br />or Borolwe•r s successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or
<br />preclude the exercise of any right or remedy,
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. 'File covenants and agreemems of this
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<br />Security Instrument shall bind and benefit ncc successors ant aligns of lender and Borrower. subject to the provisions of
<br />paragraph 17 Borrowers covenants end agreements shall be l lint and several. Any Burrower who co -signs this Security
<br />Instrument but does not execute the time: ial Is to- signing rhis Security Instrumenr only tl mortgage.,,gram And convey that
<br />Borrower's interest in tilt property under the terms of this Security Instrumenr, obi is not personally obligated to pay the
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<br />sums secured by this Security Instrument. and .t) agrees that Lender and any other Burrower may agree co extend, naldify,
<br />forbear or make any accommodations with regard rn file rerills of rhis Security Instrument nr chc Note without that
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<br />Borrower's consent.
<br />12. Loan Charges. If the loan secured by' this Security Instrument is subject to ,1 Lov which sets maximum loan
<br />charges, and that Law is finally inie•rprere•d ,. that the Interest ur other Juan charges ullhtted or to be collected in connection
<br />with the loan exceed the permitted Units, then la) any SLACII loan chargc• shall lie reduced by Ihe',nnount necessary to reduce
<br />the charge to the permitted limit; and, b; ant Burns alre a ty collected from Borruwcl winch exceeded tier mined limits will be
<br />refunded to Borrower. !.ender may choose to make tills refund by reducing the princip,l owed under the Norte or b; making if
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<br />direct payment to Burrower. If if refund reduce•, Ill r Ill. ip.d, the reduoitln wit! be tIc•aIed:s a partal lit cpayinenr wit hour any
<br />prepayment charge under the Note
<br />13. Ugislation Affecting Lender's Rights. If enactment or expiration of apphcable laws has file effect of rendering
<br />any provision of the Note• or this Securiry In,irtnrlc'nl une•ntorccanie aaunlmg n, its terms, Lender, at its option, may require
<br />Illllnediate pay(n'ilt In full alt .ill SUMS ,,,deed by this \e'Ct1rI[y InStrtlflteflr And Ill::y Ill,t)ke .Illy Cc'mrdleS perlllli[rd l)c
<br />paragraph 19 if Lenderc•xcrtises rhis opnon, LCIIJUr shall take tilt sre'p, sptuf icd Ill the seumtd paragraph of paragraph 1
<br />Li. Notices. Any nonce to Burrower lint, ided fur In tills Scuoot Instrumeni shell be gl,rn by de•liyering it or b,
<br />mailing it by tied class mail unless A pill K Ibh: law requlrt, went an - ,tiler nitl ill d Th, In-ntc'sh:d1 be Ilirecr(:d ul the' 1) n, pi: rry
<br />Addressor arty uthcrAddress Borrower designates by mute• to I.0 lIdCl' Ant 11011,, ro I coeds shrill be ghee. by first class oral!
<br />I,) (under', address crated herein or aloe othet address Lender tiuslgnat,s by notice to Born;w'cr Any notice• prucided for Ill
<br />this Securav Instrument shall be .dccnitd r•:. hays heenglren to Borrowcrnr Linder w hen gircif ,I, pi o ided in this paragraph
<br />IS. Governing Law; Severability. This Security Instrumem shall he ginemcd by tederal law .Ind file l.m of file
<br />jurisdlttion in which the Property Is located lu thec%cnt th.0 any pin Iswu onlaustof rhis Stcunti In,liume'm or file Norc
<br />conflicts with apphcable I.M. such confhcl ,hall out atfvs I other provisionsuf this S „linty lo,trum,nc or the Nor, w hI, II, :n
<br />be given effect without the conth, ring prof lion. To rfn:, end tilt pro,i,i�,n, it till, S,turiry' In,numcnr .ind the Notc .Inc
<br />declared to be sevcrtble.
<br />16. Borrower's Copy. Burrower shall lie glren one uullorincd copy of the Notc and ..t Ill, S,cu;in 1:11:1urn,nl
<br />17. 'Transfer of the property or a Beneficial Interest in Burrower. It all - ,:n, part .,t the property ,.). ::1,
<br />Interest in it is sold or t ansteri -cd or It .I hrrcflt:.11 ins re,t :n Borro,t cr i suid,u rren,fcrrrd and Burrower I, nt.0 .1 n.ourA
<br />personi without Lender's prior written umseot, Lender mat , .it us option. rcqulrc Inlnlr,iLlfc i ,I,nlrnl :n full of .111 sum,
<br />secured by this Security InSlrulntllt Huw e,c•r, Ihs option ,he!! not ht trio sc•,1 by Lender It cxcru,r Is pn iuhit „1 by tr,ie r..i
<br />law as of Ill(- date of tills Seturily Instrument
<br />It Lenderc•xciclses thisoption,I.endershall gi,'t'Bofr,iw'er IIIx II.Cot.ItCe•IM111-111 Vile 111l1lll'111JU 1)1— I:le. l pt' rl—I of
<br />not boss Ibran i0 day s from t lie din, the notice IS d,l I vured or irlad,d within w it I,'it Borrower nlu” I,,: .ul ,.. 11, ,,, ire,:;” 111;,
<br />Security Instillment. It Burrower fails to pay the, sums prior n: file csplial-tl of till, ptuo,l. 1 ndur :n.iy ln„ kt .lm
<br />rcmcdics pc•rnutted by Ihis Set unty I its frurn,tit wrt If, ur 1111th,, mute „r ,hnl.uld t Burl „.,rt
<br />18. Borrower's Right to Reinstate, It Borrower owcr, „Ir.un owdrn,nt., Burro,,:: ,h.Ji i. nr :h, !.,;hl •;.itv
<br />e:nto cnt of this Setut It, Instrtnn,nt dl, II in td ! 11 nnu I n r t lilt < .•t r f ,: I e
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