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86-- 109219
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security In-
<br />strument, Burrower shall pay the premiums required to maintain the insurance in effect until such time as a requirement for l'
<br />the insurance terminates in accordance with Borrower'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 shall
<br />give Borrower notice at the time of or prior to an inspection specifying reasonable cause for rile inspecion.
<br />9. Condemnation- The proceeds of any award or claim fur damages, direct or consequential, in connection with any
<br />condemnation or other taking of any part of the Property, or tilt conveyance to lieu tit condemnation. are hereby assigned and
<br />shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sstms secured by this Secunry
<br />Instrument, whether or not then due, with any excess paid coo Borrower In the event of apart tal oft he Property, unless
<br />Burrower and Lender otherwise agree m writing, the sum; secured by this Security Instrument shall be redacrd by the amount
<br />of the proceeds multiplied by the following fraction' �a) the total amount of the sums secured immediately before taking.
<br />divided by tb) the fair market value of the Property immediately before the taking. An% balance shall be paid to Burrower
<br />If the Property is abandoned by Borrower, or it, after mince by Lender to Borrower that the condemnor offers to make
<br />an award or settle a claim for damages, Borrower fails no respond to Lender within ;0 dal s after the date the notice is given,
<br />Lender is authorized to collect and apply the proceeds, at its option, ether too rc•storatior. or repair of the Property or to the
<br />sums secured by this Securiy Instrument, whether or not then due
<br />Unless Lender and Burrower otherwise agree in writing, aim application of prou-eds to principal shall not extend or
<br />postpone the due date of the nwnrhly payments referred to in paragraphs I and ' or change the .+mount of such payments
<br />10. Borrower Not Released. Forbearance By Lender Not a Waiver. Lxte•nsi on of the time for payment or
<br />modification of amortization of the sums secured by this Secunry Instrument granted by lender n, am successor to interest of
<br />Borrower shall nut operate its release the liability tit the original Burrower or. Borr,mer s succe•ssur, u1 interest I -ruder shall
<br />not be required to commence proceedings against any successor to interest or refuse to extend i line t -ir pa) mentor (it her- ise
<br />mortify amortization of the sums secured by rhis Srcunty Instrument by reason of am demand made hti rhr original Burrower
<br />or Borrower's successors to interest. Any forbearance by Lender in e xutusing ar -1 right tit rrmrdl ,hall not he a waicrr of or
<br />preclude the exercise of any right or remeofv
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The ttiy cnar.t, and agreements tit the,
<br />Security Instrument shall bind and benefit the suctes +ors and assigns it Lender and Borrower. subject to ifit pro%Isuins tit
<br />paragraph 17. Borrower's covenants and agreements shall be joint and several Any Burrower w ho a+ -,igns this Sr(unn
<br />Instrument but does not execute the Note oa) is co-signing this Secunry Instrument only to mortgage. grant and convey that `s
<br />Borrower's interest in the Property under the terms of this Security Instrument, b, n nut pe•rsonallt obligated to pay the l "<
<br />sums secured by this Security Instrument; and (c) agrees that lender and any other Borrower mat agrer vo extend, modify.
<br />forbear or make any accommo dations with regard to the terms tit this Sc urn Instrument or the Norc w,rhour that
<br />Borrower's consent.
<br />12. Loan Charges. if the loan secured by this Security Instrument is subject to -t law whic sets maximum loan
<br />charges, and that law is finally interpreted so that the interest ur other loan charges collected ur to br collected I'n eunnrc non
<br />with the loan exceed the permuted limits, then !a) any such Juan charge shall be reduced be the• amount necessan to reduce
<br />the charge uu the permitted limit; and i b am sums already collected from Burrower which exceeded permit red It min will be
<br />refunded to Borrower Lender may choose to make this refund by reducing the printipa! owed under the Note or by making a ,
<br />direct payment to Borrower If a refund reduces principal, the reduction will Lx treated as a partial prepayment without any >,
<br />prepayment charge under the Note
<br />13• Legislation Affecting Lender's Rights. If enactment ur expiration tit applitable laws has the effect tit renderng
<br />any provisiun of the Note or this Security Instrument unentorceable according to its terms, Lender, at its option, inal require
<br />immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by
<br />paragraph 19. If Lender exercises this option, Lender shall take the steps specif ied in the second paragraph of paragraph 14.
<br />14. Notices- Any notice ro Burrower provided fur in this Srcurny instrument ,hall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use tit another method The not tie shall be directed to the Property
<br />Address or any other address Burrower designates by not ice to Lender Any notice to Lender shall begiven by first class mail
<br />to Lenders address stated herein or any other address Lender designates by nonce to Burrower. An notice provided for ti
<br />this Security Instrument shall be deemed no have been given to Borrower or r Lender when given as provided in d.is paragraph
<br />15. Governing Law; Severability- This Security Instrumc -tit shall be governed by federal law and the law of 4te
<br />jurisdiction in which the Property is located In the event that any prtovisun or t lan,C of this Seturity instrument or the Note
<br />conflicts with applicable law, such conflict shall not affect other pro• isi ons of this Seturity Instrument or the Note. hiLh tan
<br />be given effect without the conflicting provision To this end the provisions tit this Se•tunty Instrument and the Note arc
<br />declared to be severable.
<br />16. Borrowers Copy. Borrower shall be gloom one tonhonnrd p ,f No:c and of this Srcur:t, instrun.ent
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. It all or arty part of the Property or any
<br />interest in it is sold or transferred cur if a beneficial interest to Burrower is sold or transferred and Burrower is not a natural
<br />person) without Lender's prior written consent, lender may, at its u; Lion, require itntnediate pal merit in full of all sums
<br />secured by this Security Instrument. However, this option shall not b -exert ise-d ht lender if exercise is prohibited be federal
<br />law as of the date of this Security Instrument
<br />e If Lender exercises this option. Lender shall give Burrower nutter of acceleration The notice shall provide a period tit
<br />not less than i0 days from the date the notice is delivered or mailed within w huh Burrower must par all sums secured by this
<br />Security instrument. if Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke and
<br />remedies permitted by this Security Instrument without further nonce or demand on Borrower
<br />18. Borrower's Right to Reinstate. if Borrower meets curtain condition,. Burrower ,hall have the right to have
<br />Lenforcement of this Security Instrument discontinued at any lime prior to the e, :rhrr of , a: � daN s or ,uth other perlo i a,
<br />Lapplicable law may specify for reinstatement) before safeol the Property pursuant to am prover of ,ale contained :n this Se
<br />curity Instrument; tit it:) entry of a judgment enforcing this Srcunty Instrument Tho,c uald,uons air that Borruwct ,a:
<br />paps (ender all wins which thrn would he dui• under this ~county Instrument and rite Notr had rn, aucleraui nr uuutrrd, h
<br />woos any default of any tether uonvrnanhur agrventrnu. ,c i Inotrutrrot.
<br />oxludmg. but no: pinned no, reasonable artorncys fees, and ,dt takes such action AN lrndet 01.n rt,tsunabll n, {core r„ a,
<br />sufe that the lien of this lt•cinny Instrument, lender s ni!hts tit the Propt rn anal Borrower , .dilogan w ,,, pan ,I,t „1011
<br />witncct by this St-corn) Insrrrnent shall u,muuut• unchangt-d 1'jxm rrmstattomit hi liotf, .,r rile �rou:ui In.iri:n,c, +•
<br />and the obligations ,taured hrrrhy shall trinane It lit elfvtuvr a, if no ,cirlcr au„u h :,1 „,r,r.! 11"'o it r - ,,. , c.1,t
<br />n-utsratr shall not apply to the case of acu•Icraeton umoirt pat- agtaphs ; , „t
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