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86-" 104729
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument.
<br />Borrower shall pad the premiutts 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 />S. Inspection, Letrtier or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasctnablecause for the inspecitiam
<br />9. Condemnation_ The proceeds of arty award or claim for damages. direct or consequential. in comicoitin with
<br />ans condemnation or other taking of anti- part of the Property. or for convevaoce in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender,
<br />In the went of s t +ztal taking of the Property, the prcacerds shall he applied ter- the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid err Borrower, In the event of a partial taking of the Priilteerty.
<br />unless Borrower and Leader othertvi c agree in writing, the sums ,+vcured 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 he (b) the fair market salue of the Property immediately W. ore the taking. Any balance shall be
<br />paid to Borrower
<br />If the Property- is abandoned by Borrower, or if. after notice hs Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to re%liond to Lender within :t0 clays after the date the notice is
<br />given, lender is authorized to colle t and apply the proct dy, at its optx -r. either to restoration or repair ofthe Prop arty or
<br />to the sumssecured by thisSecurnc iristrumertt. whether or mm theta slut
<br />Unless Lender and Borrower of herwise agree in writteg, 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 charge the amount of such Payments.
<br />10. Borrower Not Released; Forbea,rartce By Leader Not a Waiver. Extension of the time for payment cir
<br />modification of amortization of the sums carried by afus Security instrument granted by ]„ender to any cucctnsor in
<br />interest cif Borrower shall riot operate t.- release the Rabidity of the original Borrower or Borrotwcf% sueee-ssors in interest_
<br />Lender shall not be required to commence proceedings at atnst any successtir in interest or refuse to extend time for
<br />payment or nthcrwise modify amortization .?f the sunts secured by this Security Instrument by teastin evfaak rlanaiui made
<br />by the original Borrower or Borrower's sucressory in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver nfor preclude the exercise of any right or remedy,
<br />11. Soccemors and Assigns Hotrod: Joint acrd Several Ushi sty; Co- signers. The covertaints and agreements of
<br />this Security instrument shall bind and benetit the successors and assigns of Lender and Borrower, subject to the prtos�isitrns
<br />of paragraph I'. 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 tat is eci_signmg this Security Instrument only to mortgage. grant and convey
<br />that Borrower's interest in the Property under the terms of this Security-Instrument, (tt) is not personally obligated to Pay .
<br />the sums secured by this Security Instrument: and (cl agrees that Lender and any other Borrower may agree to extend.
<br />,anaify. fo €bear or make any accommodations with regard to the rerms of this Security Instrument or.ahc me without
<br />that Borrowei'sconsent.
<br />12. Lunn Charges. If the loan st.ured by This Securot Instrument is submit in a law which sers maximum loan
<br />charges, and that law is finAlc interpreted u: that the interest or other loan charges collected or to be collected to
<br />cormtcuon with the loan exceed the perntted limns, then: fai any such Ionic charge shall he rexluced by .he atnclant
<br />necessary to reduce the charge to the permitted limit' and (h) any sums already collected from Borrower syhich exceeded
<br />permitted limns will be refunded to Borrower Lender may choose to make this refund by reducing the principal cawed
<br />under the Note err by making a direct payment to ftorrinwru Ifa refund reduces principal, the reduction will be trealled a,c a
<br />partial prepayment without and' prepa}mcnt charge under the Note:
<br />13. Legislation Aff"nq Lender's Rights_ if enactment' or expiration of applicable laws has the effect of
<br />rendering any provision cif the Note Aw this Security Instrument unenforceaNc arc =+riding to its terms. Lender, at its opinttt,
<br />may require immediate payment in Ertl . ,f x13 sums secured by this Security Instrument and may mvtrlce any remedies
<br />permuted by paragraph 114 If Lender exer,!etes this eyotton> LiudTrr shall take ttte steps specified in the sec and paragraph xitr
<br />paragraph 17.
<br />li. Notices. Any notice it, Borrower pfovxied for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mad unless applicable law rCgtirres use of 'another method: The notice :shall be directed to the
<br />Property Address or any other addicss Bcgrower designates i s notice act Lender Any nottee to L odder shall be given by
<br />first class mail lo Lender's address stated herein or any o Leader address designates by notice to Borrower_ Any txnire
<br />Provided fair art this Security Instrument %hall be dtcitted t s have been given it, Borrower or Let Jet- when given as- mr_ner Cd
<br />to this paragraph.
<br />15. Governing Law; Seyerability. This s-c unts Instrument shall be ;.,rented by flsleral law and the fsw of -the
<br />jurisdiction all which the Property is Ictcawd In the event that art% provision of clause of tilts Security Instrument or the
<br />Note conflicts with applicable law. such conflict shall mil affect smher Pros isions of this Security Instrument or the Note
<br />which call tic green effect without the umfloclrng Prosrsion, To this end the prosisions,ofthis Security Instrument and the
<br />\cite arc dee•lared to be sevct-ab vC -
<br />15. Borrower's Copy. [lot nower shall he given one , :onfctrrmed copy iq the Nme and ,of this Security tnstrumcm
<br />1'. Transfer of the Property or a Beneficial Interest in Borrower. If all of any part of the Properly or any
<br />utleicst in it is sold or transferred (or if a beneficial Interest rn Borrower is sold or tiansfcrrcd and hortower is riot a natural
<br />{mason) wuhoul l..<nder`s Prater writteii canseut. Lender maN, at its cep tlon, requare tmuttedrAIe pat ment it- full ,,f ill sunis
<br />Nocitred by this Securny lnsarurnent_ fluweser, this oprioxn shall net t�e eunused by l.ctidcr, of exercise 14 tor<zhabra ire
<br />irdcraf Iaw asofthedateofahisSecuntr instrument.
<br />Y
<br />(If riot less than ?0 day s fmrn the ditc the mottec isdehxered or maitixi wnlurt which Bcrrov!.er must pay all %um,,- C..>„td by
<br />this fiecairri} lmstrumCrtt- It Borrower fails to pay these: sums prior tY, +alts Cxprratiun = t this pxncxla tendet may urvoke sty
<br />remodres pertmued by this Security Instrument without further notice nrdemannd on Borro%cr.
<br />Iii. Borrower's Right to Reinstate. If Borrower meets certain corubttnns, tkurower sftalt have the right to have
<br />eiaforarrrrcut c f flits Security Irtstrutrtettt dtsccxnturxd at airy time ftnor is, tlic Carper srf. tal * dayx (t l such =;other pert si as
<br />appl"hie tau may specify fear rernsiatttnrnt) lViore *-aka cif the Pr,,Iwrt -, Pursuant tv any paws, of -.a3 >crrttuu sc1 si air=,
<br />� WWr Irtstruntunt, or th entry elf a ludgnaent nnfon.ing. thisScc.urit) 'Ioa'trutnsrt. TTuN,e..,; idrticroms are than ih =rrv%w
<br />tendon all sunrs alch then would ht duc under this 5exurr13 Instrument and the Neste bad nice+ p ,.itea'atia. ^n
<br />',currrd Oil any default s,' arsy tNftcr ct*tcnant, of agrteoienN. fur pass all eslalots i?kurresf in car :r,acu,g aiaa
<br />Se'titity Isnlr_-i.c°t,r an 14ding h,,t tour ],toed 141, rra,st,aataele act¢ *rn s' fa.CS, ,rnJ till (Af, s L :t;ia,rm a= l .lc'l roar,
<br />rtassnairf, cosy. ,rw aas,ere that tf4 6oi of this e,0111y. Iistrutttert, l_tnr%<a's u'tt hero i.i The Prstsc'rts amid ll,or, wsl
<br />l.paitr.,r- t; p,lr 1:,< .uuu, se urr,J fs this st "Altilk Itiolunrcut ahidl .,,n+nm alai Iii swat i�l -•t rttrr,a w ,, its
<br />.ru,wr w,'ss-, f- ,a; ng,ll m: ,! lilt t aiti s.norcat ht,rl,p 'hail rive a. tors., intro -t: t, °,tw -
<br />1T. .41,11 care i t..
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