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86-- 104672
<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 orapplicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall gfv a Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds 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 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 proceeds shall he applied to the sums secured by this Security
<br />instrument, whether or not then due. with any 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 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 marker value of the Property immediately before the taking: Any balance, shall he
<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 uo restoration or repair ofthe 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 ','dot a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured be 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 shall not he 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 tender in exercising any right or remedy
<br />shat( not be a waiver of or preclude the exercise of any right or remedy.
<br />It. Successors and Assigns Bound; Joint and Sewerai Liability: Co-signers. The covenants and agreements of
<br />this Security I nstrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions
<br />of paragraph 17. Borrowers covenants and agreements shall be joint and several. Any Borrower who co -signs this Secant%
<br />instrument but does not execute the (dote: (a) is co- signing this Severity 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 personalty 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 accommodations with regard to the terms of this Purity Instrument or the Not : 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- or to be collected in
<br />connection with the loan exceed the permitted hints. then: (a) any such loan charge shall be reduced by the amount
<br />accessary to reduce the charge to the permitted limn: and (b) 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 ?dote or by making a direct payment t,ct Borrower If a refund reduces principal, the reduction will be treated as a
<br />partiaifircpayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration or applicable laws has the effect of
<br />rendering any provision ofthe Note or this Security lnstrumcnt unenforceable according to its terms. Lender. at us option,
<br />rrray require immediate payment in full 4 all sums secured by this Security instrument and may invoke any ref.- ttxites
<br />permitted by paragraph 114. If Lender exercises this option; Leruier shall fake the steps specified in the second paragraph of -
<br />paragraph 17 .
<br />14. Notices. Any- nonce to Wirrower provided for in this Security Instrument shalt be given by delivering it fir by
<br />mailing it by first class mail unless applicable law requires use of another method Pile notice shalt be directed to the
<br />Property Address or any other address Borrower designates by notice its Lender Any notice to Lender shall be given by
<br />firs' class mail to Lender's address statkd herein or any other address Lender designates by nonce to llrttrower. Any nouce
<br />provided for in this Security Instrument shall be deemed to have been given to Borrowci or Lender when given as provldeii
<br />in this paragraph.
<br />15. Governing iiaw; Severabifity. plus Security instrument shall he gi»erned h., tidera l lau and the law of the
<br />jurisdiction in which the Property is located. Ile the event that any pruvtsion or stain of tiles Serum% Instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect mother provisions of this Security Instrument or the Nate
<br />which call he given effect without the conflicting provisuin Lt) this crud the pro,,isims cif this 4ecuriiy Instrument and the
<br />Note are declared to be severable
<br />16. Borrower's Copy. Borrower shall be goer iiree c«ifir,rrnecf tops t,f Ifiv Nw)t anti at3 this Skcuntc Instrument
<br />17, Transfer of the Property or a Beneficial Interest in Borrower. If ,ail or any part ,it the Priipeny tw sus
<br />interest in it ra sold or Transferred (air if a beneficial interest m Borrower is scold +n ti auslin tvl unit borrower rs not a nnuuial
<br />person) without Lender's prior written 4unwrij, Islicder may_ , at its copticm, require immediate payrnent in full )fall sums
<br />SevOred by tips Seturity (nstrument_ Iiowcvcr, this oplum shill not he Vx0t-ivvit by Lender if t.kcr.isc is prolnbiied by
<br />federallaw asiifihediticoftbislemurity Instrument
<br />If Lender exercise., this opaan, I.envier shall gilt M rre,wer ri, tfce of acealerrat foil,
<br />The mylnce shatfi pra�i ids .r 7 "merle
<br />of min less than 4fi i cy. from the date lire ur tit. e is dChsercnl i +r ruanied u nbnn w hwh Ba)rrcouer must pay all tutor se ur t by
<br />this Secant) Iwarunicmt if Iku rcuer fail, li�pay thew 'urn, pawn to ilec Capitals it if this (netti c], I endcl may umv._+k+c tans
<br />relovdic." permuted by ihrs Se4uttty Instrument without further noticsr of demand t,n Ifol mkt vi.
<br />18. Borrower's RjUbt to Reinstate. Iflknlower meets .ertaul e,uitfitioto, Btrroouer shall has the sight ru base
<br />t<tffcicerit.tit ift tits lipivanI% Instrument elf-A xtmuct at jetty Inez prior it; t tic earlter,il tai %loft Y ;ii ,itch tither Is, runt I"
<br />appilwa u: eau erica spvtifv lcit rcin?tatS item) fwiory saic° of itie purii. ant t =� ,tn} pcbwrr of in !fit,
<br />SStem% Irtstra„it:rrit -t fh'I =1410 i4 alndarnenn enforcing fill, 'K% Itatroomrnt I ,ew .zinc IIloll, aIt ihat I 1 I vct
<br />fa) Ito %s L otkt ,zit sulyts wfrich thvn'mild he jute wider this Sttrultiy histrttnarat anal the Note' had roim ,I" Vr,il-D
<br />a.a °utr1. Err ,tries sit} default •ef env arilv =ivernartis 1A d$r"mtnts tct pays n11 o.v{ ,i }sir. rncloliA do vtit, Toni tlu4
<br />4 tlrr2R it z - m ; -r9t_ uu i� ;itir)f„ here i i ?pnit9tcl t <s. reuasrreab)ir rllims3tiv)s_ fuer. mast tad} takes 'u,h o ? t tta,te
<br />th i sic,: 'ire +,.t this's,titity lrratsnnirnt_ I.ndi. = s,... ;o"'71 i,;- f'r.+I .. ra4 _iti,S i}iar vest
<br />h -Y�j i.p =v, rig, st - a.ars +ea aii�r,t t�} sia, `s,.t,rsiy frrh Tt 4i Gitr :,fief( s,iuri.- ale+ ., t t-..,- _.�- tsr�in. -i,.
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