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Mr-0'.. 104794
<br />if Lender required mortgage insurancc as a condition of making the loan secured by this Security Instrument.
<br />Borrouer shalt pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates in accordance with Bo: rowcr'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 pnor loan 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 be 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 (a7 the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value ofthc Property immediately before the taking. Any balance shalt be
<br />paid to Borrower
<br />If the Property is ahandoned by Borrower. or if, after notice by I.ender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails €c) 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 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 procecds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs hand ? or change the amount of such payments.
<br />10. Borrower Not Released, Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Secunty Instrument granted by Lender to any successor in
<br />interest of Borrouer shall not operate to rcicasc the liability of the original Borrower or Borrower's successors in. interest. ,
<br />Lender shalt not be required to commence pr #acccdmgs against any successor in imcrest.or refuse to extend time for
<br />payment ter otherwise modify amortization of thesums secured by this Security Instrument by reason ofany 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 cxercis<of any tight or remedy
<br />11. Successors and Assigns Bound; Joint and Sexeral LiAffity; Co- signers. The covenants and agreements of
<br />ibis Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, sutxjec:t to the provisions
<br />of paragraph 1 7 Borrower's coovenants and agreements shall be joint and several. Any Borrower who to -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 Sccurity "Instrument, and {cf agrees that Lender and any other Borrower may agree to extend.
<br />mortify, forbear or make any accommodations with regard to the terms of this Security Instrument ,.)r the Nvitt without
<br />that Borrowers consent
<br />12, I Dart Charges. If the loan se itrcd Ivy th »'uectirit. Instrument is subject io a law which sets maximum loan
<br />charges. and that taw is finally interpreted so that the interest or other loan charges collected or to be collected m ;
<br />connection with the loan exceed the permitted brimm then sal any such loan charge shall be reduced by the amount
<br />nececsan to reduce the charge to the pernutted hmit. and (b) any sum* already collected from Bon)Dwer which exceeded .
<br />permitted limits will be refunded to Borroutt, Lender may choose to make this refund by reducing tht principal owed
<br />under the N tc or by making a direct payment to Borrower, if a refund roduc;cs principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the s4 tc,
<br />f3, Legistation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />onoft4r; hiSiutylnsruet rfc crb #eccurdgtotstmsLo r at t"otrenderi c ion,
<br />aria -s requtre immediate payrnen_i in fuii of All sums secured be this Security Instrument and ma} invoke any remedies
<br />permitted; by paragraph 19 If Lender exercise this optuaii, Lcri itr shall take the steps specified in the second paragraph of
<br />paragraph 17
<br />14, Notices, Any notice to Borrower provided for in this Security instrument shall be gtveu by del'ivcnng it or by
<br />maaling at by first class mad# unless applicable tau requires use olI another method. The notice shall be directed to the
<br />Property Address or any other address Borrower dcsignates by ncxiee to Lender Any notice to Lender shall be 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 />pries ided for in this Security Instrument shalt be deemed to have hers Baser ui Borrower or Lender when given as provided
<br />in this paragraph
<br />15. Governing I aw. 5everability. This Securny Instrument shall be governed by federal law and the law of the
<br />lunsdiciion in which the Property is located In the event that any provisitn or clausc of this Security Instrument or the
<br />Note conflicts with applicable law, such :i,nflict shall not affect either provisions of this See urity Instrument or the '.cote
<br />which can be given elrcvt without the c infiacting pio%ision To this end the prostsions cif this -sca uray instrument anti the
<br />Note art de: #arcd to be severable
<br />td. Borrower's Copy, Bairn +wee sha #1 he given ,Fine conformed copy of the Noic and of ibis Security Instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all :;r any part of the Property or any .
<br />interest in it is sold or transferred (or if a beneficial interest its Borrower is, 4d or transferred and Borroucr is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument However, this option sha;i net be exercised by Lender if exercise is prubibiteil by
<br />- federal tau as C site date of this Sccurity Instrumcim :- If Lender exeTOSes this option, Lender shall gist tlorro -Arr notice of ace "elcratiiin The notice shall provide a penod
<br />of not #tsy than 30 days from the date the notice is delivered or mailed within which Bvrrouer must pay all sums secured by
<br />this Security Instrument, If Ek+rtower fails to pay these sums prior to the cxpiraucin of this pericAl.l.,ender ma% move any
<br />remedies permitted tis this Security instrument uuhout further mauve sir demand on Bin -toucr
<br />14, Borrower's Right to Reinstate. If Borrower meets ieriiam conditions. fiortower shall have the right to have
<br />enforcerneni f the, Security Insirtimtnt thscontirn cd at arty time tarn >rto the earlier cif (a1 5 days tint such citliet pertod as
<br />ate {r #i eb.c #a +roar wh, £y to r tsinniatemcnt'j ? tXiyrc vale asj ilia Pik, pursuant to any rxawer cif sale cowaeneo m this
<br />'CCUrn" Ir,sieumrnI,, car Ybterors of ajudgment enfmr mj this'sec,ir:fy 1p'lr'umcm Thine sa',ndite,ons are ' -has llorTo—er
<br />+s# 14+ s Li -n3cr 4 tiros wlo,h theia would FM- due +:inder this SC1Ur71y Irrstrusna:nt and the ti.'cite httd n,{ m,: <'eteraor'rr
<br />s :urr's7 driau =t of any -Ori r ^a is -t aVff!VTcrsti. ; r°irys ail ettWnNCS et,iurrcu trs entOr"nyt thta
<br />e +: eat fir. # =yglg1kI a , .�f,a,i , 6k,a rtc,i titutted tax, reawrialdC 41torncn,' ''�frT" an,,t fur takes ter h a,'o on as I rnorr itaa4
<br />f?',d '.a'•'. ra et:i.rF i '.� r [`'i sit 'fir FSr,l ,.,f ti'itk '�ti 4D illy LnNLriinie=.i. I _,:eel.' :xr9;+ it: r?Rt 1'r. s #,c ri5 :iiu.t ft,',tr. rs,
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