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<br />85- 001255
<br />If 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 accordance with Borrower's and Lender's written agreement or applicable law.
<br />S. InWction. Lender 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, director 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 />In the event of it total taking of the Property, the proceeds shall 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 fender otherwise agree in writing, the sums secured by this Security Instrument shall he 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 />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower 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 apply the proceeds, at its option, either to restoration or repair of the Property or
<br />to the sums secured by this Secunty Instrument, whether or riot then 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 monthly payments referred to in paragraphs i and 2 or change the amount of such payments.
<br />10. Borrower 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 release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not he required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by fender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreemepts of
<br />this Security instrument shall hind and herrefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agree-ients shall bejoim and several. Any Borrower who co-signs this Securely
<br />Instrument but does not execute the Note: (a) is, signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Propert% personally obligated to pay
<br />under the terms of this Security Instrument: (h) Is not obliga
<br />the sums secured by this Security Instrument: and (c) agrees that Lender and airy other Horrower may' agree to extend
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or file Note wuhout
<br />that Borrower's consent.
<br />12, Lunn Charges. If the loan secured by this Security Instrument js stinject to it lair which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to he collected in
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit: and (b) any sums already collected from Borrower which exceeded
<br />permeated limits will he refunded to Borrower. Lender may choose to make this refund by' reducing the principal owed
<br />tender the Tote or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactinent or expiration of applicable laws has the effect of
<br />reaidering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender, at its option.
<br />may require immediate payment in full of all sums secured by this Secunty Instrument and may invoke ans remedies
<br />pare :rtrd by paragraph 1Q. If Lender exercises this option. Lender shall take the seeps specified in tier second paragraph of
<br />paragraph i%
<br />14. Notices. Any notice to Borrower provided for jn this Security Instrument shall be given by delnering it If-
<br />mailing by
<br />It by first class mad unless applicable law requires use of another method. T'he nonce shall t1e directed w the
<br />Property address or any other address Borrower designates by notice to Lender. Any notice to Lender shall tie given by
<br />first class mall to lender's address stated herein or any other address Lender do ignatcs by notice to Burrower. Anv mince
<br />provided form this Scc•urtty instrument shall he deerned to have been given to Borrower or Lender when given as provided
<br />in this paragraf h.
<br />IS. Governing Law; 5everability. i`Iits Secunty Instrument shall he governed by federal law and file I;Iw , +f the•
<br />lurlsdlctioll to which the Property n located. In the event that any provision or clause of this Secunty Instrument or file
<br />`oae conflicts with applicable law, such conflict shall nut affect other provaswrts of Ilus Secunty Instrument or the Note
<br />winch can tie alien effect without the conflicting provision. fo this cod the provrsums of tills Security Instrument cool the
<br />Note aredeclared to he severabie
<br />16. Borrower's Copy. Borrower shall he green Inn! n.onli,rrncd copy of file %"(c:md of flies security Instrument
<br />17. `rramfer of the Property or a Beneficial interest in Borrower. If all or any part of file Pmlxrty or ant
<br />Interest in it is sold or transferred (or if a heneticiai interest ue lit,rr(;wcr is sold or inansferted and Borrower Is nol a nattual
<br />Persian) without Lender's prior wrelief) consent, Lender may, at its option, require nnnicdralc pavnlenl nt full of all sums
<br />secured by this Security In%irunierit. However. tires option shall not tic c•xcrcrseel In Lender 11 cxerc!sc n prolubncil by
<br />federalliewasof thedateol Ihl%sccurity Ins.rrurncnt.
<br />if Lcndcr exercises tills (1111 ion. l-ender shall gne Borrower nonce of acccicr ;atuln. f lie notice shall prat ufe ,, per Ind
<br />41101 less ihan 30days front thedatc the notice is dehscred or marled within which Horrnwer ills[ pay all surm scrurrd ht
<br />this Security liv trunient. If Harrower furls to pay these surns prior to file cvptratrnn of till period. Lcndcr play mt oke ;un
<br />reineallesPoaff IlledbyitusSccurnylnstrunlenlwithoutfurthernonceordenlandonHarro wee
<br />18. Borrower's Right to Rcjnstate. If Horrnwer rneels rc•rlatn condillores, Horrotrcr sh;ali :atc Ills• 1110:1 to:atr
<br />6flfnr;:cinet @t of till', SeCurily lll4llufnenl dIsCoIIInnlcd ;If ally 11nir prior to Ille earlier +,t. (;if 1, 11,1 %a (or ant II Ulll'1 pvi Ind as
<br />al1p :,able law rliay spe lfy lilt rritist.ucrnenil hefilrc salt• of file properly p+nsuaut to ;un p k%vl oI sale t. >nfanutl nI Ill•.
<br />Sccuisty insrrunixni, or till emry of it ludP!menl eilfmcing. f his sek tifny lrlsfruroevll I lwnv , ondnrons ;u'c that It')) r; =err
<br />ta) days I onhr all sums which filer uoulcf tic due under tins 5eculns i11 ',lriltn+;m .ind the Yule Lad no .I,,,.rh t,uwn
<br />cure'I an', uirtEauli III ;illW t,(hfr enYf'rl ;arllt or ;rlfreenicrlts to pays ;III r'V!k'lla�"• IIlc IIIrt'd III toil rt'rfll¢i I111,
<br />�acurity Inatn,nae'nf, ntcltacting, hill not li n icil lo, icasunuhle ;111"Inet, b."•s, .ind III) rak-� . I, h ,n lion .v, mlrl nl.n
<br />rtasaln,iblp nyun, I'' assure: rlmt flit.' lien of flit, becunl} lustrullwfr . I rn,Icl ogler. ,n ;Ili I'I,I,etlt •ind Rnlll,arr .
<br />t<� list file aunri, a,rurc-d ht. flits tirellrlft In,frunl "fif •.1.111 rtufinlc wlI h.urcrd 1 ,,.i .
<br />fti. , r•�sr r. ttola ` snarl d I r i•IUaernf ;Intl the, Ie'1 I r .yo- n,Ir It
<br />. I gaUun sc,_un'd n•r�_ht 1 d� ❑..t � 1 :, � 11� , .r. - -r ills r It Id
<br />!hr. noIf t„ shall ntlt 1., v •ip I Ihr
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