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85-= 002112
<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 />$. Inspection. 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, 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 />In, the event of a total taking of the Property, the proceeds shall be 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 be 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 Security 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 payments referred to in paragraphs 1 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 be 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 Lender 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 AsAans Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shalt be joint and several. Any Harrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be 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 />permitted limits will be refunded to Borrower. Lender [Tidy choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If it refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge udder the Note.
<br />13. 1.Qglslation Affecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment rn full of all sums secured by this Security instrument and may Invoke any remedies
<br />permitted by paragraph 19. If lender exercises this option, Lender shall take the steps specified In the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for tit this Security Instrument shall be given by delivering at or by
<br />mailing it by first class [mall unless applicable law requires use of another ►nctho.i. I he notice sit be directed to the
<br />Property Address or any other address Borrower designates by notice 4o Lender. Any nonce ter Lender shall he given by
<br />first class [nail to Lender's address stated herein or any other address lender designates by notate to Boirov.et .4ny notice
<br />provided for in this Security instrument shall be deemed to have been given to Iorrower or Vender when given as provided
<br />Ili this paragraph.
<br />IS, Governing Law; Severability. 'I ills Scct►nty Instrument shall he governed by tedcial law and the 1aw of the
<br />jurisdiction In which the Property is located, In the event that any provisacin or clause cif tills Security Insiraruacm or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisions of dads Securely lnsirurTirnt sir the Note
<br />which call be given effect without the conflicting provision. To this end the provisions cif this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Horrower shall be given one conformed Copy of the Nolc and of tills Security Insirunierrt.
<br />17, '1ranster of the Property or a Beneficial interest in Borrower. II .III or :tray t),IF, of the Pr „ixrts sot any
<br />interest in it 1% scold or transferred tut if a henefiCIdl interest in Borrower r% sold or transferred and Horrower is riot it natural
<br />perston) without Lender's prior written consent, Lender may, at its option, require Irntnedlate payment In full of all %urns
<br />secured by this Security ln%truinlenl. However. this option shall not be exercised 1oy Lender of exercise is prohibited by
<br />federal law as ol'the date of this Security Inst rument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. I he notice shall provide d Ioeretrd
<br />of nod leas than 10 days from the date the notice is delivered or mailed within which Borrower tt►u%t pay all sums secured by
<br />this Sccunly Instrument If Borrower falls to pay these %urns prior to the c.cparation of this iocrnnf, Lender may invoke arty
<br />rema;die% permitted by this Security instrument without turthcr nonce or demand on Iiorlm4el
<br />18. lorrower's Right to Reinstate. If limrowcr [noes% certuur conditions, ilorruwrr shall have the right t:. have
<br />enforcement of this curry (rrtitrurrient disconrittued at any little prior to the earlier of (a) $ day, (or such other fknot.1 as
<br />applicable law ttray specify for rernhlaleeractit) helOre sale of the Property pursuant to any poser ot%ale cont.ainc' I m this
<br />Security In%trurrlent, (it fir) etilry of as ludgrnent enforcing the% Security Ins►rtuncnt i�hutie conditions ore that fiormwe °r
<br />(d) pays I c°ndet all %urns which then would t e due u►►der this Security In%""I'lent and the Note hatl no acicler'ation
<br />"'L owed. (h,) c�urc -a anV� d0dulr (4 any ,other covViiant% or agrectt►cnts, (c) pays .III t,.vpvIise% nicurrcd ni cnlorrrrig this
<br />"security Itt%tru"Iciat, 11IL ludiralt, !rut riot Ittutted rir, rra%onattle atturnevs' It.(. , .Inc) toil t,thc% such action a% I e rider [Dias
<br />re °awf�nahly rrquirc it, a, %urc th,u the Ire•n jst the% Securrty� In.%trumcnt, l cnafcr'% right% an the t'rolrert> ant! Horrowtrr'%
<br />Aingatt�.ri tp; I"iV the eaaria� %RSurr�b) h�; this Srcuntp In%tnuncnt olio!! .nrainnu• iinrh•anp►rd l�l*<ni rruast.atrnunt ht
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