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56-- 105025
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Harrower shall pay the premiums required to maintain the Insurance in etlect until such time as the requirement for the
<br />Insurance terminates in accordance with Borrower's and Lender's written agreement orapphcabie law.
<br />V. Inspection. Lender or its agent may make reasonable entries upon and tnspeettans of the Property, Lender
<br />shall give Borrower nor ice at the time of or prior roan inspect inn specifying reasonable cause for the inspection.
<br />9. Condesaaation. The proceed-, of any award or claim for darmages, direct or consequential, in cone ctron with
<br />arty condemnation or cattier taking of any part of the Property, or for conveyance in lieu of condemnation, am 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 Secunty.
<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 Smunty Instrument shall be red, by
<br />the amount of the preie eed► multiplied by the tuiluwmg lies. non: (a) the total amount of the sums stxured irumediately,
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower,
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Barrowcr that the condemnor offers to
<br />make an award or settle a claim for damage. Borrower fads to respond to lender within 30 days alter the date the nt- utce is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Propeny or
<br />to the sums secured by this ScLuruy Instrument, whether or not then due
<br />Unless Lender and Ibrrower otherwise agree in writing, any application of proeee ds to principal shall nix catered or
<br />pcntponc the due date (of the monthly payments referred to in paragraphs I and 2 or change the amount ofsuch payments:
<br />10. harrower 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 Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to rciease the liability of the onginal Borrower or Borrower's successors in tnteresx-
<br />Lender shall not be required to commcncc proceedings against any successor in interest or refuse to extend lime for
<br />payment or otherwr a modify amortization of the sums secured by this Security Instrument by ireasion of any demand made
<br />by the original BBor, ewer or Borrower's successors in interest- Any forbearance by Lender in exercising any night or remedy
<br />shall not be a waiver of or preclude the exerase ofany right or remedy.
<br />I I. SaeceA*w6 and Ascignif Bona$ Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall bind acid benefit the successors and assigns of lender aril Burrower, subject to the provh4ons
<br />of paragraph 17. [Borrower's covenants and agrccime b shall be joint toad several. Any Borrower who co- 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 Burrower's midst in the Property under the terms of this Sexunty lnstrument; (b) is riot persoriaLly obligated to pay
<br />the sums secured by this Security Imstrurncut; 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 Security Instrument or the Note without .
<br />that borrower's consent.
<br />12. Lmat 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 limits. them (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limn; and (b) any sums already collected from Harrower which exceeded
<br />permuted limits will be refunded to Borrower Under may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. Ifs refund reducm principal, the rnductttn wdl be treated as a
<br />partial prepayment without any ptepayaceni charge under the Nine.
<br />13. Legislation Affecting L.endtx`s Rights. If enactment or expiration oi' applocalsic laws has tire c(leci of
<br />-. - =rendering any provision it( the Note or this Security Instrument urirnforeeable according urns fermis, Lender, at its option.
<br />may require immediate payment In full of all sums smurcd by tins Sexunty lnstrument -arid stay involr any remedies
<br />permitted by paragraph 19. If Lcndcr exercises this option. I-xnder shall take the steps specitied ru the second paragraph of
<br />paragraph 17
<br />11. Notices. Any notice to [Borrower provided for in ihoa Scrunty instrument %hall tic given by delivcnne of nr by
<br />mailing it by first class mad unicss apphi.ab)e law rcgwra arse of Another rnetirrxl The mlooce shall be dmrcY trcl to the
<br />Property Address or any other addres, Borrower designates by nutlet to Lender Any notice to lender shall be given by
<br />first class mail to Lender's address stated hcren or any other Address Lender Jcsignatcs by noon c to Ioirrowet ,4ri% o otict
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lendci when given as provided
<br />in this paragraph
<br />15. Governing Law; Seserabihty. This Security Instr unicnt ,hall he governed by fedcrai law and the i.tw of the
<br />jurisdiction in which the Property is located In the rvcat that Any provision err cl.lusc of tins Sc:cunts Insuumenl or the
<br />Note conflicts with tpphc ibic law, such conflict shall not affect other provisions of this Jcc unly Instrument era the ?vote
<br />which can be given effect without the conflicting provision, To this end the provisions of this Security Instrunicul and the
<br />Note arc declared to he severable
<br />16. Borrrower% Copy. Borrower shall he given one onformed copy of the Note and of this Security Instrument
<br />17. Traasfer Of tilt Pruptrty of A BCnehelal Interest in Borrower. If All of any pan ut the Pruf cart) or any .
<br />interest in it is sold or translerre d for d a bencticuil interest m Borruwcr n sold or transferred and [Borrower is not a natural
<br />person) without Lender's prior written consnd. Lender may, at its option, require immediate payment in full .sf all sums
<br />- -- -- - - - -- - secured by this Security Instrument However. this option shall nor he exercised by Lender if exercise Ili prohibited by
<br />federal law as of the date of this Sec unty Instrument
<br />If Lender exercise this option, Lender shall give Borrower notice of accrieration The notice sha)i provde a period
<br />of nun less than 30 days from the date the notice rs delivered or nuuied within which iorrowcr must pay all Bunn securest by
<br />this security Instrument If Borrower fails to pay these sums prior co the expiratuai I)(this pent-Al, Lender niay invoke any
<br />temedte% permitted by this Securty Instrument without further notrvr of demand on 1lorniwei
<br />18. Borrower's Right to Reinstate. if Brirrowet meets certain conditions, Bortio kcr 01411 bale the igfit to have
<br />en(nrcemcni of this Security Instrunicni discontinued at any time prior fo the carltcr of III) S days tilt such Mirf perc.rt as
<br />apphushie law may speufp for rrinsiatirlorcit I helenr %aie of tier P —petty putsuAm ic+any power of sale vrintAuied in this
<br />Security instrument in thi entry of a )udgnarut enlurcrip tilts 'scourity Instrument Ill- w,Itiitnfons are that B ..... wrr
<br />tai hays lxndrt All such% whi h shell would Ix clur under this Snurity Insitumrnt ate,; file %otr had nu ,ac,e)rral.an
<br />p,:turrrd (hi i tan any ijrfA.h of an% iisher I i.,naflis Of a :'^'i'fL[ iii% iii p8%% all L "tf.Clx,eS si),, Lof-1 sit r44..itii.a' 'hi.
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