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I
<br />110027
<br />If Lender required mortgage insurance as a condition of staking the loan secured by this Seeuritq Instrwnern,
<br />Rcorrower shall pray the premiums required it) maintain the insurance in effect until such time as the requirement tor the
<br />insurance terminates in accordance with Borrower's :and Leader's written agreement or applicable law.
<br />8. Inspection. fender 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. direct or consequential, 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 be paid to Lender.
<br />lit the went of a total taking of the Property, the proceeds shalt he 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 he reduced by
<br />tire amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by ibi the fair market value of the Property° immediately before the taking. Any balance shall be
<br />;raid tat Borrower
<br />it the PropertS I, abandoned by l3orri3wer, or if, alter notice 11% Lender IO BOrro%%cr that the condemnor Offers iq
<br />make all award or settle a claim for damages. Borrower far;, to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apple the proceeds, at its option. either to restoration or repair of the Properly or
<br />to file sums secured by this SecurnN lnstrunrent, whether or not then due.
<br />Unless Lender and Borrower :oiherwr,c agree in writing, arty application 4proceeds to principal shall not extend or
<br />postpone thedue dale of the monthly. payments referred is in paragraphs I and -' or change the amount of stack payments.
<br />10. Borrower Not Released: Forbearance By Lender Not a %Naiver. Extension of the time for payment or
<br />modification in amortization of the sums .ecnred by this Security instrument granted by Lendcr to any successor in
<br />interest of Borrower sh all not operate In r,lcese the f ahilnt o� oneinai Borrower or Borrower's successors in interest.
<br />Lender shall not be required to coinmenc <r pr Leeding, against any successor in interest or refuse to extend tittle for
<br />payment or oificrwise modify arnortiration o>tthe out s s °cured by thi, Security instrument by reason ofany demand made
<br />by the original Borrower or I3orrowcr', ,uc soli, ;it nrtere,i Art by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the e.xerci>c of :m% right roc remedy
<br />11. Successors and Assigns Bound: Joint and Several Liability: Co- signers. The covenants and :agreements of
<br />this Security Instrument shall hind arn3 benefit rhr siicCe",knN and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17.. Borrow a
<br />er's cxenniS and agemrtt
<br />,ree, ,Ii:u1 be point ;tnd ,c%cr;d, an N%
<br />ho Borrower h o co -signs this Security
<br />Instrument but doe, nor axecsne the Arnie: (as IN r,,.s;ir = =ng this Sectsriri In,trunient nnh to mortgage. grant and convey
<br />that Borrower's interest in ilic properly under the term, o,t tilts Scruritc ln,iru ncin: £hl is nor personally obligated to pay
<br />the sums , ecured by this Security lnstrionent: and tci agrees that lender and airy .otttcr Bnrrnwcr may agree to extend.
<br />modify. forbear or make any ;a. cone nodati, iu with regard to the :cliffs of this Security Instrument or the Note without
<br />chat Born rwer'sconsent_
<br />t2. Loan Charges. If the Joan,ecured be this Se,:vuny hNna -nenl is saihiect to a law which sets nuaximuin lean
<br />charges, and That law is 8aslly interpreted ,o that the interest or other Ican rhaace, :,,Ilectcd or to be collected in
<br />connection with the loan exceed Site perninted hinits, then: Sal any such ! ,)art charge ,hall be rcduced by the amount
<br />neccssary to reduce the charge to the permitted limit and {h? any sums already collected front Borrower which exceeded
<br />permitted limits will he refunded to Borrower. lender neat h o"! to make thr rctund by 1,:duciug the prittiipai owed
<br />under the Note or by making direct payinent to Borrower. if a refund reduce, prrncipaal. the: reduciirn; will he treated as a
<br />partial prepw rnent without any prepayment charge under the Note.
<br />13. Legislation Affecting; Lender's Rights. if enacrment or expiration :,f appliaihlr laws Ira, file effect of
<br />rendcring any provision ofthe tiute c,r this Security ln,trumeoat uncoil, u,blr ae rdim� �� it, term., lender. at us {option.
<br />tnaa require inunedrate payment in full of all sums secured },y this Security monument Arid nra% inWIN':.n% rc•tnedie,
<br />pernwted hp paragraph !c!. Bf Lendcr exercises this option. Lender stall isle the step,,prcifred tit the second paragraph au
<br />paragraph 1'
<br />id. Notices. Any notice iii Borrower provided 121[ in this Security in,u trticilt ,1 h, cner• by deli c-rrng it m hr
<br />tnsaling :t b} tirst class mail unless applicable law regnrc', use of another itieth, *d. fh is rice ,hall be directed to ; }_..
<br />PTopefty Address or any other address Burrower designates by soil c to Letlder. Airy no 1uce t„ Lender shah he giccn hr
<br />firs[ class ttaad to Lender s address stated herein or any other address Lender deli natr, in n otr�e to Iii), n i er- An} no_uice
<br />pros ided far in this Security Instrument Shall be deetned t'? have been given Ii, 13i rrncvcr ou lender wlac:n Etnett a, procuied
<br />Sri Ihr, paragraph.
<br />15. Governing iaw; Severability. Fill, Security I11,1runtenr ,tr; ii i %i cr,re =s, -d he ai law and ncc Low ;it tJt_-
<br />jurasda lion in which the Property is located. Ito the event that air, or ciauce ui :ht, Scoirrt, lnsnuvnenf or the
<br />Note conflicts with applicable law, such conflict ,troy:; not affect <uhcr tilt, Sl:eunty Iit,irurnent on the tiote
<br />which can be given 01'ect wrahout Ilse eonf3icting provuiolr. I" tit ±s cnta �n nro,ci,inu, „f till, Serurat. lrtsirument :old ihc
<br />Nyre arc declared to be ace enable.
<br />16. Borrower's Copy. Ron<owei hall bczi%ct.: ar.: dorm." --op" "I Ihv Ni,tr. +n:1 'f I ill,
<br />SCCUrii: Imintmcnt
<br />1'. Transfer of the Property or a Beneficial Interest in Borrower. It :,I! : r ::r :: part 1 the Property of any
<br />nncrest rri If i„oid or transferred for if a hencficial uttcrest is Borrower ii, —1d an,tcrreil and 13o1 ro,xvct 1, 11 r, ., mural
<br />p cr,onl without Lender's prior written consent. Lender may. at u, option. reQlw v .i,imcdiatc pay -men[ iii full „I`.,1! 'Mn'
<br />,eeured by this Security Instrument. however, This option ;hall not ne exctcae l f ; Lcndt , !l is ir,lnbitcd hi.
<br />federal law as n +.'the date oftltis Sc�urity lnstruntent_
<br />If Lender exercises this oplion, Lender .hail give Borrower atr,ttcc of ac:cler:it.,:n. I tic :wll- hall trot ;dc a period
<br />rotor,t le<s than ail day, frttn the dais the notice is deio.ered ;r atoned "'ithill Mn.:h B l —k%ct itou,t ,,ac :;l; ,unts sec rued bs'
<br />tilt, Security Instru €lien. If Rorrowcr fails to pay the >v urns prim too the cxpir;ns:,r,;,,! rhr, prod_ I clidvi may im:,kc;,nc
<br />rcixur lie, perntiticdhyth: sSeeurityln ,trunnewixithoutfuithe- ^011LI! 01 dcenau,i I'll B,orr.,we=
<br />IN. Borrower Is Right to Reinstate. B I3orr w% r meets cerl ar '11,11tr, B;rr w . ,11:311 hate th", rittltt toy hoer
<br />6 °o:, F. c. to �;: tit +'.,t tin, sec;Irlty 11i,P6d'mcn? d1,: Uiat Ail lie l at :m-% tittle ry r pc•rti?ci a,
<br />pg.u_a?,l<: law mat nl uif To'" tcin,t:atcn,:nl i 1'10o; ' ...c t_ 1 1110 l'irt? I u, "I'i'l :o 11 p—ii rr , , ,e •n•unrd ,n ;iii•.
<br />S eu.a, Irasiru3neni. 'r l3 3 e113r•. "fa rttdSltleoit t,. v, :mg 011 Sc,c,io •Iii,. .., •• .1: fs,3 _ ,�_o:,t : 0"il Reu: cccr
<br />al4 .unt, w111 h shorn —tuld ix dt c ljllbr ,,;i, Sro will
<br />o
<br />c lit_ �.1 i tuJv', -F .'1 lilt t`� �.ri4 it t' +'I' •,,��'tla ni a „.tom Sic t�;,. ii 1 j
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