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86- 107479
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security In-
<br />strument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as a requirement for
<br />the 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 shall
<br />give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemntuion- •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 for conveyance in lieu tit conde•mnat run, are hereby assigned and
<br />shall he paid to Lender
<br />In the event of a total raking of the Property, the pnKeeds shall be applied to the sums scored by this Security
<br />Instrument, whether or not then due, with any recess paid to Borrower In the event of a partial taking of the Property. unless
<br />Borrower and Lender otherwise agree in writing. the sums secured by this Security Lns:rumcnt shall be reduced by the amount
<br />of the proceeds multiplied by the following traction tai the total amount of the sums secured immediately before raking,
<br />divided by obi the fair market value of the Property immediately befutr the taking Any balance shall be paid tit Borrower
<br />If the Property is abandoned H n
<br />by Burrower- or if. after oer by lender to Borrower that the condemnor offers it make
<br />an award or settle a claim for damages, Borrower falls to respond to Lender within ;0 days after the date the notice is given.
<br />Lender is authorized to urllett and apply the proceeds, at m option, either to restoration or repair it the Property or to the
<br />sums secured by this Security instrument, whether ur nor then due
<br />Unless Lender and Bowromer othri-wise agree in writing. any al.. ,u ,n tit prcxe-eds to principal shall not extend or
<br />postpone the due lair of the monthly payments referred u, on paragr I and .'or change the amount of such payments
<br />10- Borrower Not Released; Forbearance By Lender Not a Waiver. Lxtens:un of The time for payment or
<br />modification of amor izationof the sums scoured by this !s curiry Instrument granted by Lender to any successor in interest of
<br />Borrower shall not operate to release the liability of the• (original Borrower i,r i3orrr,wer s suctcsst,rs in interest Lender shall
<br />not be required to commence proceedings against any successor in interest or refuse turxtend time tor payment or otherwise
<br />modify amortization of the sums secured by ihis.Stcunt% Instrument by reason tit any demand made by theimgtnal Burrower
<br />tit Borrower's successors in interest AT, orbrarancr by Lender in exercrsirig any right or rrmedy sfralf not be a waiver ill or
<br />preclude the exercise of any right or rrmrdy
<br />11. Sueeessorsand Assigns Bound; Joint and Several Liability; Co- signers. The corcrnants and agreements of this
<br />u
<br />Secrity Instrument shall hind and benefit the succrssors and assigns tit ].under anti Hurnmer, ,ubjecn w The provisions of
<br />paragraph I' Borrower's covenants and agreements shall hr porn and setcral Any Burrower V, fit) u, -signs this Security
<br />Instrument but does toot execute the Note r a i Is co signing ttus Security Instrument nth• CTt mortgage -grant and convey that
<br />Borrower's interest in the Property under the terms of this Security lmrrumrnt. ibt rs not personally obligated to pay the
<br />sums secured by This Security Instrument, and :c i agrees that Lemdrr and any other Borruwrr may agree to extend, modify,
<br />forbear or make any accommodations with regard to The terms of this Security lnstn :ment or the Note without chat
<br />Btrniw•er s consent
<br />12. Loan Charges. If the loan secured by this security instrument is subfrct n, a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest ur other ],).in charges oulletted or to be collected in connection
<br />with the loan exceed the permitted limns, then i a t any such loan charge shall be reduced by the amount necessary ro reduce
<br />the charge to the permitted limn, and : b, any sums already collected trorn Borrower -]itch rxcredrd pennin,rd limos x ill be
<br />refunded n, Borrower Lender mat chr,o %c n, make this refund by redut ing the principal owed under the Nutc or by making a
<br />direct payment n, &rniwrtt It a refund reduces principal, the reciuettun w dl be treattd is a partial prepaymenr without any
<br />prepayment charge under the Note
<br />13. Legislation Affecting Lender's Rights. It rnactntent or rxpiratrun cot applicable laws has the effect of rendering
<br />any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, it its option, may require
<br />immediate payment in full of all sums secured by this Security Instrument and may imuke any remedies permitted by
<br />paragraph 19 If Lender exercises this option. Lender shall take the steps spsecttied in the second paragraph of paragraph 17.
<br />pa. Notices. Any notice To Burrower procidecf fur in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method The nut cr shah be dire'cte'd to the Property
<br />Addressor any other address &,rruwcr designates by nonce u, Lender Any notice it) I- ender shall be given by first class marl
<br />u, lender s address stated herein or any other address Lender designates by nonce w Borrower Any nonce provided for in
<br />thisSecurit m
<br />y Instrument shall be derrd to have been given to Bt,rn,wrr or Lender when given as pros ided in this paragraph
<br />IS. Governing Law; Severabifity. This Security Instrument shall he gocrrned by federal law and the law of the
<br />)unsdiction in which the Property is located In the event That any provision or clause of this .Security Instrument or the Nutt
<br />confucts with applicable law, such conflict shall nor affect other provtsionsof rhos ssecurm Insirumenr tit the Non: %hch in
<br />be given effect without the conflicting provision To this end the pnn is:uns of this SetAiniv Instrument and The None are
<br />declared ix) he severable
<br />16. Borrower's Copy. Burrower shall be given one cunfotmed copy tot the Noire -tnd :t this Sc(unt) instrument
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all tar anv parr tit rhr Property or .tit%
<br />interest in it is sold or transterred oor it a beneficial interest in Burrower is sold (or transterrod and Hurnmer is not a natural
<br />person) without Lender s prior written umsrnt, Lender may, at its option require onmediare payment in full tit all sums
<br />recur -d by this Security Instrument However, this option shall not be exercised by Linder if exert tic• is pruhibired by federal
<br />law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower not of atcrlrraritin Tote noutc ,hall pn,t rile a pent d t.l
<br />not less than 40 days from The date the nonce is delivered or marled within which Burrower must pay of I so.in. secured M rho
<br />Security Instrument If Borrcwer falls to pay these sums prior to the cxpiraTwn ,,f this perit,d, I rndcr may mtokr am
<br />remedies permitted by this Security instrument without further nonce or demand on Bo,rr —t i
<br />18. Borrower's Right to Reinstate. If Borrower meets certain ttinditions. Borruwe•t shat! h.rtc !tie right n, hat-
<br />enforcemrnt of this Security Instrument discontinued at any time prior to, the earlier of .r s days or such other l._ tit d
<br />applrcablc law may speufy h,r reinstatement i before salt tit the Properly pursuant tt. any pi,%;C ,.f ,Ac (omauted u: till, �t
<br />curity Instrument, or thi entry of a judgment enfurcmg this ,eturity insirun,cm Thnsr —ndin,tns art- That B:,rr.,wei a
<br />pays 1- trui rrallsuins which then would bedueunder this Seuirrtt Instrument and !hr N„r;hadn „auclrtatntntxu :rTt.? f
<br />tarts any default t,f any -her cunvrnanrs -,r agreernew%, •t : pa), all expovnes incur: r.i in t ail... u,�: this st•st,r .n In—
<br />in,Ititling, but Two to tit red ro, rravonabir attorneys tees. aio .,J • takes s;sh its,. :, .,, ; cn•ie, ciao .t a,.,na'.'i, rI'i n?,
<br />suer nicat Ow lien tit alms Seunoy Inson,n,rnr.. Icnafrr , t +,:his .o toil- P ;xrii _•,.! 1i t, ".i, :•,o
<br />whited by rhos Isecuroty Instrtorrea,t 'hall mntiric,e uncfianp-d I';..,it rv,r.,,atc•i:c h•,: r ,c., ..,., sot ,. ,, h
<br />'t.f the a,t,liganc,av crtwfA hrtcby'hail rrma,rt ftilly effr-,t,r, as if nt. _.L-ra. :. :, .... .•:r.! i{ ,r.,t.. ..
<br />tt°trr +tact shad tt apply tit the t.ese :,f „acoeiciatrra, untie* l,atac. +ail!„ : „,
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