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<br />85--r 001940
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the
<br />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
<br />or applicable law.
<br />8, inspection. Lender or Its agent may make reasonable
<br />entries upon and inspections of the Property. Lender
<br />,hall give Borrower notice at the time ofor to inspection
<br />prior an specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds ofany award or claim for damages,
<br />direct or consequential, in connection with
<br />any condemnation or other taking of any part of the Property, or for cotnyeyance in lieu of condemnation,
<br />assigned and shall he paid to Lender, are hereby
<br />In the event of a total taking of the Property, the proceeds ,hall he applied fu the sums secured by this Securil
<br />Instrument, whether or not then due,
<br />with any excess paid to Borrower. In the e%cnf of a partial liking of the Property,
<br />unless Borrower and Lender otherwise in
<br />agree 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
<br />amount of the sums secured Immediately
<br />before the taking, divided M th) the fair market value of the Property immediately before
<br />paid to Borrower. the taking. Any balance shall be
<br />If the Property is abandoned by Borrower, or If, after notice by Lender to Borrower that the condemnor offers to
<br />f make an award or settle a claim for dam'
<br />ages, Borrower faih to respond to Lender within 30 days after the date the notice 1,
<br />given, Lender I.; authorized to collect and apply the proceeds, at Its option,
<br />either to restoration or repair of the Property or
<br />to the sums secured by this Sccurn Instrument, whether or not 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
<br />payments referred to paragraphs I a '
<br />,rid _ air change the amount o fs uch
<br />10. Borrow payments.
<br />Borrower Not Released; Forbearance By Lender
<br />Not a Waiver. [:.ctenslon of tile time fbr payment or
<br />modification of amortization of the sums secured by this Security Instrument
<br />granted by Lender I„ any successor tit
<br />interest of Borrower shall not operate to release the liability of (tic original Borrower or Borrower's
<br />successor, in interest.
<br />Lender ,hall not he required to commence proceedings against ,illy ,ucce,sor tit interest or refuse to extend time for
<br />payment or otherwise modify
<br />amortization of the sums secured by ilia SeCllflll' Instrument h% reason - demand made
<br />by the original Borrower or Borrower's
<br />successors ill interest. Any forbearance by Lender tit cxercisutg any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />H. Successors and Assigns Bound; Joint and Several Liability; Co-signers. file
<br />covenants and agreements of
<br />this Sec urn) Instrument ,hall hand and benefit Ilene successors
<br />and assigns of Tender arid Borrower, subject to the pro%isu,ta
<br />of paragraph 17 Borrower', cinenarlr, and agreements shall be 1 and
<br />join several. Any Burrower who co -signs this Security
<br />Instrument hilt does not execute ttmc time: (a) is co-signing this Security Instrument
<br />only Io mortgage, grant and cane)
<br />that Borrower's interest I. the Property under the terms of this Security Instrument. (h) is
<br />not personally obligated to pay
<br />the sums secured hg tills Securely Instrument land (c) agrees that Lender and any other Borrower may agree Io extend,
<br />modify, forbear or make
<br />any accommodations with regard to the terms of Ihls Security Instrument or the time without
<br />that Borruwer'sconsent
<br />12, Loan Charges. If the loan scoured by tha Security Instrument IS ubject to a Law, which set, maximum loam
<br />charges, and that law a finally uitcrpnrted
<br />u, That tile• Interest or other !ran barge, lollcctrd or to he collected rn
<br />connection with the loan cxcced the permitted limits, then: (a) any wch liian charge he
<br />,hall reduced by the arnuunt
<br />necessary to reduce the charge In the permitted limit; and (b) any vents already collected from Borrower which exceeded
<br />permitted limits will he refunded to Borrower.
<br />Lender may choose to make this refund by reducing the principal owed
<br />under the Vote or by ;raking a direct payment ti, Borrower. If a refund reduces
<br />principal, the reducrton will he treated as a
<br />partial prepayrncnt without any prt•paytnent charge under the Note.
<br />13. legislation Affecting Lender's Rights. If
<br />enactment or expiration of ;tppllcal,lc laws ha, the effect of
<br />rendering any pr.vasion of the \one or this Security Instrument uncnti,rcetble
<br />according to Iis term,, Lender, at Its uptloll,
<br />may require Immediate payment In full of all ,urn, secured by tills Sccurlx Instrument ']lay
<br />.raid insoke any remedies
<br />Permitted by paragraph I v if Fender exercises this option, Lender,hall take the
<br />paragraph 17. steps specified ui thc,ecund paragraph of
<br />14, Notices. Any notice to Borrower provided for uI this Secunry Instr umerit shall hr ),l\ui M ,k•locnng at ail by
<br />']mailing It by first class mall unless
<br />applicable law requires use of another method. The nonce ,hall he direcR•d to the
<br />Property Address or any other address Borrower designates
<br />by notice to Lender Any notice n, (.ender ,hall he green by
<br />first class mall to Lender•, address,tated herein or any other address [ender designate,
<br />hs notice to Harrower ;env ']olive
<br />provided fir tit this Security Instrument ,hull he deemed to have been given to Borrower Leiden
<br />ui this paragraph. ,r vv hen green as provided
<br />15. Governing l,aw; Severability, I his Security 111,lrlrrllelll he gnvcrnet, I,y frd'Id law .o),I the hnv .,I 16r
<br />jurisdiction Ito which the Property located
<br />is In the event [[flat any provai,m or clause of Ihl, ticr„nly Ll,tnunetit „r Ihr
<br />.'rote cunllich with appheable law. 'I":" cailfllcl shall not allect other
<br />pr„vlsions of flu, sccurny In,trur.ent or ihe• ti„Ic
<br />which cull he giYCrl effect wllhout the conflicting provlsunr fo flu, coo the pn,.aion, of Ili„ tic. only In,tr,ln)cnr ;ulll Ihr
<br />Nine arc declared to be severable
<br />16. Borrower's Copy. Bon,.,wcr shall he One. , laic ,nd„rnled ropy of-111'. V,IC.0 „! o rh:, �c unl, h),!'nnlc lot
<br />17. Transfer of the Property
<br />or a Ilenelicial Interest in Borrower. 11 all „r .iny pail „I the 1'l „1w11, ,I tits
<br />interest m It a sold air Iransfermd for I} a henclicial interest n) Borrower
<br />i, sold or Lrun,fcrlcd .rind Bonowcl 1, n,.t a n.our.J
<br />person) without lender's prior written cnn,eut. Lender nrrv. at us opuun, requite nnniedi
<br />:tic p.nnirnl a full „I II soil,
<br />,,'cured ht till, Sc•curuy Instrument Huwcvrr. Ohl, opiwll ,hall n,d he csrlir,rJ h, 1 rnJrr If , srnl,c 1, I I ,h;hllcd by
<br />federal law a, of the dale o(tlli%Secill ity (n,lrume•nt
<br />If Lcodl:t exereisa•s Ihls option, Leudel ,hail goc Burlower r,ourc „( a.erler.ulon I i
<br />;r n „urr ,hall I,r „, d, ., I'cu, ,i
<br />ofn otI e, s Ilia .: tIf d. ay,font lilt- d ;itc1henotice1,dell\ crc d oil m, ukdwchinwhl, .hHonowllnlu,l1'.,y,11;,,Iln,,r' itr,iI,%
<br />Ilia Security In,lrunicnt If Billtt,wcl lull,
<br />to pay 111C,r ,urn,;It t r.i the rspualwn of till,
<br />rcnuahc, lie' by Ilia Sceunty In,trurncnf a nhuut fuillict
<br />mill” „r ,IrmanJ,nl Itorr,nvrl
<br />18 Borrowers Right to Reinstate. If low i,,wer
<br />;nc <•I ruin ,- onJlll„ n,, Hnl f.i)I )rill base the 111 ht 1 hay,.
<br />enfL,rc.unuil of till, Se�n�y ln,trunu.nl Jacnnuou,d u.mv inn. poor r., the, obit of ll)s I, >,t ,I such ,th<r 1ru•J
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