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1 <br />104831 <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 or applicable law. <br />S. inspection. Lender 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 reasonable cause for the inspection <br />9. Condemnation. The proceeds of any award or claim for damages. director consequenial. in connection with <br />any condemnation or other taking of any part (if 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 rite event of a partial taking of tfx 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 procredc multiplied by the following fmLlion: (a) the tonal amount ofthe sums secured hitttrediately <br />before the taking, divided by (h) the fair market value of the Property immediately before the taking. Any balance shall be <br />paid to Borruuer. <br />If the Properly is abandoned by Borrower, or it after notice by Lender to Borrower that the Condemnor otters to <br />make an award or settle a claim for damages, Burrower fails to respond to Lender within ;Odays after the date the notice is <br />given, Lender is authorized to collect and apply the proceeds, at its option, either to resfora[ion car, repair c >f the l?rnpecty'or <br />to the-, ums Secured by this Security Instrument. whether or not then due. : <br />Unless Lender and Borrower sit herwise agree in writing: any application of proceeds it) principal shall not extend or <br />Postpone the due date of the monthly payments referred to in paragraphs 'I. and for change the amount ofsuch payments. <br />10, Borrower Not Released. Forbearance By L:mder Not a Waiver, Extension cif 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 habiliic of the original Borrower or Borrowers suci-zs m in interest, <br />bender :hall not he required its commence proceedings against any successor in interest of refu e,to extend rime for <br />payment or otherwise modify amortization of the sutras secured by this Security instrument be reason ctfany demand made <br />by the original Borrower or Borrowei s successor in interest. Any forbearance by Lender in exercising arty right or remedy <br />shall not be a waiver offer preclude the exercisc cifany righter remedy. <br />III. Successors and Assigns Bound: Joint aid Several LiaMity. CO- siguers. The covenairta and agieenrents of <br />this -Security Instrument shall hind and benefit the successors acid assigns cif tender and Borrower, sub*t to the provisions <br />of paragraph 17. Borrower's covenants and agreements shalibe .11unt and, several- Any Borrower wh cta- signe this Security . <br />Instrument but dries riot execute the Note (a) is so--,signing this Security Instrument only to tn,+zrtgage, grant and vcirtvey <br />that BorroiA er's interest in the Property under the terms cif this Security: Instrument: th) I, lull personally obligated it) tray _ <br />the stints secured by this Ses;irnty Instrument, and (ci agrees that tender and any father Borrower may agree lei extend, <br />modify, forbear or nrakt, any acannnitd iticuii with regard to the terms of this, Security Insifurn tzr car the ore wrftic tit <br />that Hortower'sconsem, - <br />12, Loan Charges. if the kiln wNurid by this 5t,:urity instrument r+ suhfcct to a law which sets maximum loan <br />charges, and that taw -is finally utterpmted -xa that the interest fir other loan c- harge% collected or tE� be -c-o €tested in <br />coma ivtn with the Ivan etcOed the Permitted limits. then- ill) dray Such loan charge shall be reduced by the amount <br />necessary to reduce the charlic to the permitted limit: and flat arty sFunvs already coilected From Borrower.wT ich exceeded <br />permitted limits will be refunded its flor, ower Leader may choow to rnAe this refuted by rr- diteing tire- :prurcipal owed <br />under the Noic or by making a direct payment to Borrower. If a refund reduces principal, thrreductivin will be Ireired as a <br />Pat---! prePaymint without any prepaWment charge under the '4citt- <br />M Legislation Affecting i.eader`% Rights. If etwici eat or expiration of applicable laws has the t-041 'n <br />rendering any provision ofthe Note or this '; . Orley Insbtrumvirtf unenforceatsie acoAlyding to its terms Lender,_ a cis oltritn), <br />may require immmiiatc payniem in ±tail iii Ill virrts sea nrtct by this Socurary Instrument and may in"e, any remedies <br />Nrmtited by paragraph 19 If.Lender exercises this option, I.,aadershalf take the steps specified in the second paragraph of <br />paragraph 17 <br />14. Notices Anti notice to furrow er provided for in this Security Iris,rumecn shall he in, rn by _deli,ernot it t>r in <br />mailing it by first class mail unless applicable law rc4un -cs use rot' arvolher radhod- The notice shall be direced to the <br />Propery Address or any other address Borrower designates by notice to Lender - An% notice it) Lender shall he given by <br />first class mail to Lender's :address ,tated herein rr any° other address > ender dcsignatn by notice tr? i3rxrr€iwet, An ntnt_ c <br />provided for tit t his Security Inso um�u sfrtill tie deemed to have her.�rt given f r, Borrow -er or Lender when given as provided <br />in this paragraph- <br />15. Governing Law. yeverahktit}. ihts Securuy Instrunterit snr ll tv. 40 c^rticd by i -dcral law and the law'�l the <br />jurisliico,xi in which the PropCrtr is located In the event that airy p€Ol,lluwror eltusc of thus Security Instrument 'or the <br />Nixs cunfhcts waft apPh,cablc law, such c=uillict shall not affevi r,thcr pro, tai tu, of tlalx Sccunty Instrument or be ' o!.+ <br />which cart he gisell effect uuhout the cruiti' r;ag pro%csitrn, rr chi +eadthe MA-* i,ottos cif iliis Sesunt itistitu'rii;ut aria tine <br />4t>tc are declared io iv sevrrairle <br />Its Ifor=aswer's C�`ctpy. Blurt, er ,hall Pe gl' e❑ cone ti.'nfnrrnezl':oV) <x the N"le and Hof ttni ;e urrt. <br />17. Traasfer of the Property ur a Beneficial Interest in Borrower, If 111 of any putt of tilt P pert; ov in) <br />interest in it m scald of U anmfetted for if a bcnefictal intctest in t;r_l rowcf. "s saki or t,a,i,terre„ ;rat,d l3 r,twcr 4- n' , s reuc,ral <br />Nrsirri) w lihoui L.coder'c prior wrntcu Consent, Under inay, at its :ption, requir'c +rnmedtafe paymctat ai full Of ixti sum, <br />_ - - <br />secured ta-r this Sc unty instrument.- lttaweyer, thrs opuou ;.till' not be ckei,i�cd fyY Lc'.Fidtrt if i`.xelk;iiG t4 err +ahtb'itLli. lrti <br />IC.r+atl 'A :sc'thedateolthisSiaurity liistrumeat, <br />If L. lids'! exercises this optlon, Lender shall gtye flo.rnswer rt.air t ofS eftrutt tit, Tlie citrtice shslf prtFaids a { e.a,_rt <br />Of 'Wt tell than ai dais trorn, the dAtc tier notice ts dells ered or nlailed within which Bir,rramer tit lot pay all sunrs.r ti atet3 it <br />this Security In%truntem, It B otro%er fatly tc. pay these suns pt to the eapiratutn e' tins t�ic+d. I_enZ uiay eu ,ra e �_tty <br />remeiites Iictrmtted by this Sec urn y Instrument without furi her not iCe lit ' demand vier II trfuwer <br />IS. 1lorrowWtl Riot tit Reiastate. ff florroacr meet', Certain omtdition,. liarrowcr +hall ha ,c oK lighf sF hive <br />cx':ftyryunttcnrt ,i6 t,Exas Sea,'urity In>titrixina�it diy,,.intintird at airy tonic lrrasvr rrz tlir car face ref. tat .. stay s tr,i .t.,i , t;,a t !*�riaxi.i <br />a{ �tva3rd ;r lave rat;;} rltsv iE'y care retustatrtnentl ixl3 tc site ,ii thc No•�:rtc pittsutant t._i ally ra„uca .0 s lit ,.,rrrcaar r i t� th,* <br />-Sa ,tolty llistrrt rat otir #bl .nor= ad a ludgnreiit t'ittt =t,rryg Chic titi,errtt lnstau ytcnt llnroy .,indxtttsics it that 4.rr. :w,r; <br />ta) pal+ l.+`rrwer sit ,utny .ihrch chiral w,�.,iild to Clue iirtdcr this Sc�urtty 111sttutnrrit ord thq No*V had .ni, <br />ost isrt"'t delautt nook MhO tiiry: >ruatts eir agtt sridnt, 4., y «,3I ra�ai. , rr, urriai art cttf xttr rt,? <br />ecuxai4 lit t iia. r,a. in, Sac sag- hilt next icnwkA try. ieaw rnabic ati.arrry ` it- "r, and id) t eke +_ sirh .i'lwla as I fri o", <br />era itiaft ,i.ilrc JCL as +ter;:' lij.,Al t €iC !"tn „f titte'w'unty liiururry n-' l.ri�Jrr "...flats Olt 11rr,tb it <br />lets,. > = <>_iu =Tit ,t ➢tfa. tsa ley !hi% <br />} irur i irtr i .Ira . r.y s� . I r +s <br />"'A rli , itlj nr t, ,tail rirtii,r, i�., <br />tt,i„e ..i,r <br />