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$6- 10558
<br />iIf 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 ai,;cotrtce tvitit Bptrowcr's and Lender's written agreement or applicable law.
<br />8, Intr*eetion. LetW�Y' "or rips ti titktnay: make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice a0he toile bf cat pt'ibrto an inspection specifying reasonable cause for the inspection..
<br />9. Condemnation. ° The proceeds of any award or claim for damages, direct or conzequential, 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 he paid to Lendei.
<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: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking Any balance shall be
<br />, a
<br />paid to Borrower
<br />If the Property is abandoned by Borrower, ar if, after notice by Lender to lorrower 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 appls the proceeds, at its opnom etther to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not thin 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 monthiy payments referred to to paragraphs i and 2 or change the amount of such payments.
<br />10. Borrower Not Released. Forbearance By Linder Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Secunty Instrument granted by }.ender III airy successor in
<br />interest of Borrower shall not operate to release the liabihty of the original Borrower or &rrrower's successors in interest
<br />Lender shall not he required to commence proceedings against any successor in interest or refuse to extend tine fur
<br />payment or otherwise modify amortization of the sums secured by this Sccurw. Instrument hs reason I,f anN demand made
<br />by the original Borrower or Borrower -, successors in interest. Any forbearance by Lender IP, exercising any right or remedy
<br />shall not be it waiver of or preclude the exercise of any right or remedy
<br />I1. Successors and Assignis Bound; Joint and !several Liability; Co-signers. The covenants and agreements of
<br />this Sccunty Instrument shall bind and benefit the successors and assigns of tender and BorroweT, strhlecl to the pro tstons
<br />of paragraph 17 Borrower's covenants and agreements shall he joint and ses erai Any Borrower u ho co -signs this Security
<br />Instrument but does not execute the Note tai is co- signing this Sdurlin Instrument only to mortgage. grant and convey
<br />that Borrower's interest In the Property under the terms of !his Sicurtlx Instrument, 1hl 1, not prrsonalh ohligated To pas
<br />the suns secured by this Security Instrument, and ic> agrees that (.ender and any either Borrower may agree to extend.
<br />modify, forbear of make any accommodations with regard to the terms of this SeYunty Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Se,untt Instrument is suhlect to a iaw which sets maximum loan
<br />charges. and that law is finally interpreted 4) that the interest of other loan charge, o)Ilected or to he collected 1n
<br />connection with the loan exceed the permitted limits, then: jai any such ],.)an charge shall he reduced by the amount
<br />necessary to reduce the charge to the pxrnutred limit, and (b) any sums al reads collected from Burrower which exceeded
<br />permitted limits will be refunded to BOTrower I..cnder may iuio,r to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to BorrowcT If it refund reduces principal, the reduction will he treated a, a
<br />partial prepayment without any prepayment charge under the Note
<br />13, Legislation Affecting Lender's Rights. If enactment ITT expiration if applicable laws has the effect of
<br />rendering any provision of the Note or ihts Secunty Instrument uncn forceahle e„ irding t, its terms, Lender, at its option,
<br />may require Immediate payment in full of all sums secured by Ihr, Srcunit instrument and nim invoke any remedies
<br />prrrntnteti by paragraph !y If Lender excesses this option. Lender shall rake the step, upectficd u: the second of
<br />paragraph
<br />paragraph 1'
<br />Al
<br />I
<br />14. Notices. Am nuclei To &rr:r +wrr pn+tldcti for in the Srcuntl Instrument ,laps he green by drLvc•nng it or by
<br />mailing it by first class mail uniCSS applicable law requires use of another mrth,)d i he notice shall tie directed to the
<br />Property Address or any other address BoorTvAcr designates by notur To Lendet Any nonce ro Lender ,hall he given by
<br />first class mail to Lender's address stated herein or any other address l ender designates hs notice to Borrower Any notice
<br />provided for in this Security Instrument shall he deemed u) hate been given Io Burrower of I ender then given as provided
<br />in !his paragraph.
<br />15. Governing Law; Severability. flux lecunty imtrumeni ,hail ht• i!—erned ht frdcral law and the saw .,f the
<br />jurisdiction m which the Pn.rpeny is hinted in the event that any pro+lsum or .lausc tit This SCcurm Instrcrricnl or the
<br />Note conflicts with applicable tau, such conflict shall not affect other prov!,1on, of this Scour i% fns +ruinew or the N,itr
<br />which can he given effect without the conflicting provision To this end the prat nsn,ln, ,)f this Security Instr a icio and the
<br />Note arcdeclared lobe,e%erable
<br />16. Borrower's Copy. BOrri+wcr shall he giver, one conformed copy a !'..r \„ tr and ,i On, `ecuint hi,iruniz tit
<br />I'. Transfer of the Property or a Beneficial Interest in Borrower. It all „r any Part of the Pr,)pertt or :niy
<br />interest In it rs slid nr tramfetred for if a beneficial rntrreest ui Borrower 1, sill ++i iramferred and Born,wcr r, twi a rtai urai
<br />personi without LencICT', prior written consent, Lender may, at tt, ,+peon, require 1iTinicdi vc payment In full ,it all surn,
<br />%ccured b% this Security Instrument HOwCvCT, !his oplion shall ❑ it lh' exci,i,cd by Lender II r1crU,c is pt +.,niblied ht
<br />federal law a, of the date of this Security Jim rument
<br />If Lender CxcTCIse% Ihis opt#tin, Lender shall gisc Borrower 11,+1rce of acceiCNItron 1 plc nUht r shall pins ride ., pr n,nl
<br />of nail less than .'it) deys from the date the notice Isdehverrd or mailed 1s 11 hin u hit h Bon,," er rnust pay ail ,urns ,ec u1 cJ ht
<br />Phis Security Instrument. U Borrower fails tit pay these: suns prior w the c xp iraiil,n ,1f Ihr, petwd, I endci ma:
<br />remedies permitted by this Securely Instrument without further ns+ure or dernand on Bol rower
<br />Ifs, ilarnmrr's Right to Reinstate. If WirmAer incels certaln a ondtlnra,, K,rn,wc-r shall hays the right t„ hate•
<br />erefcrrecnrrnt of tha Security laistrurnent discxlm;nued at any time pins to the earner of Ial ` bays fop sus f: „chit t,rrl, a,t .I,
<br />applicable law inlay spleclfv fill rernstatcnie ) ixfore' ,all' tit th l n pr ny I +S1r,Uaril li, atl\ t+ 11 I ',l 111, 0Uta)I1,1J W :I:,,
<br />4!c Grits invirurnent. it ihi enth Sit a j!rttgmenl enhirving ihi, lic,.ar:ii In,tt- urticnr i h: »c ,nd,11,•11. 'Irt. !,I'll N'tr,",at1
<br />i,aI paps Lendet All 'Urns ,xhl'il ;hen wlruld tae dui under this Sc.nnl: In,.IrilmCIII and !hc \, +se had 1- .I—ilr:.oi„n
<br />currrd, tbi sure+ €t y cHaLdt "1 any other "INCrrant, ,n agreement, tat pay, rt c,tien'e, rtl,;;ity l u: ens. a, u:e ills
<br />�,Wtur'!ty 11 ;*;rwTiew ut.luding. hul not lutntcd I,,, lea— liahie atrau nits <. .and 1.1, :.Ike, —,h —11-: a, t , -1- :,in.
<br />:rmssttabl} retiuur 1u visors that the iten A Inns is,unt) lassrurlr :a [ I +k' r,, ,:. „ P;,, .fi, .a"d 1fr,:;, —t
<br />- ,tlillt.k 4-1 t <, j',Jy ! IC ,rllri, ''CLIJIMt ply Ih1, SCelirlib Ili,: 7t1:r61 "r;i ,ieS'i ,�':.',n U: •n�laa.`a . ti l t. i. .,..t,i :1, +.
<br />s.
<br />I'L.ar •sew t'r tht9 tie¢,anl vine, iruir, en!Mill the 01- ,1i It,';, rtrr;1 1 ,, .�.q, ,.: '14, :._
<br />l fl•w. ^Fu* :ah: ,„r.t •ns,tatc ,h,et ?iris(
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