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85. 002331
<br />If Leader 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 />', lnttgwction. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shalt give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />g. Candesomation. 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 a 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 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 [ ender 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 runts 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 ben waiver ofor preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but dues 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: 1b) is not personally obligated to pay
<br />the sums secured by this Sccurify lnsirumcnt: and (e) 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 tat the Note without
<br />that Borrower's consent_
<br />12. Loon Charges. If the loan secured by this Securit ' instrument is subject to a law wlutfi sets maximum loan
<br />charges• and that law is finally interpreted so that the interest or other loan charges collected or to tit 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 .!large to the permitted limit: and (h) any sum m s already collected fro Burrower witich exceeded
<br />permitted limits will be refunded to lorrower. Lender may choose to snake Ons refund by reducing the principal owed
<br />under the !vote or by making a direct payment to Borrower. Ifa refund reduces principal. the reduction w'tl] he ireatcd its a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration tit apphcahlc laws Ims the effect of
<br />rciadcringany provision state Notcor this Security Instrument uncnforceabtc ai.:omling to its terms. Vender, at 11% option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke airy rctncdfes
<br />M, snood by paragraph ]v If Lender excicisrs this option, Lender shall take the steps spec Itied an the second paragraph of
<br />paragraph 17.
<br />M NoUces. Any notice In Borrower provided for in this Security histrumew shall he given by delivering it or by
<br />surroliorist it by first class snail unlest, applicable law requires use of another method. The notice shall he directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to t.cndcr shall be given by
<br />first class mail Btu Leaders address stated herein or any other address Lender dctognaics by notice to Borrower. Any nom:c*
<br />provided far in this Security instrument shall he deemed to have been given to Borrower or Lender when green as provided
<br />an this paragraph.
<br />13. Governing Law; Severability. This Security Instrument shall he govcined by federal law and the law of the
<br />jurtWutton in which the Property I% bleated. In the event that any provision or clause tit the Security % Instrument or Cite
<br />`dote conflicts wash applicable law, such conflict shall not affect other provisions of this Security instrument or the Noic
<br />which can he go ca effect without the conflicting provision. To this end the provisions of this Security Insu'ument and the
<br />'vote are declared to he scverabic.
<br />16. BorrisloverN Copy. Rnrower shall be given one conforniLd copy tit the Noic aria of this Sectlrit% I list runneru
<br />17, Trier of the Prtrperiy or a Beneficial Interest in Borrower. if all or any part of the 11tolvetiy it .my
<br />interest in it i%mM tit transferred (or if is beneficial interest tit lorrower is %told alt translerned ,old Horrower is not a creatural
<br />person► without Lender's pilot written consent• Lender tray, at ns option, require nnmc.hatc pay+nem in full of all sums
<br />witted by this Security In%trunicsit, however, this option shalt riot hr cxciclscd by Lender il exercise is prolnhued by
<br />fakiral law;a sofattedatcofthisSecurityInstrument.
<br />If Lender exerClti>as thikeptnan, Lender shall give Iorrow'er uoli1:e of acc'elcralio .. i he notice %hull pio,,Ikil'.e licr11hi
<br />(if not less than M) days from lite date the notice I% deli vercd in mailed %ithn! whit It Htn row ci Ill list pay all ruins Set kited by
<br />tht<y :aerity htstratnenl. !f Biorrrawer fails to jtay Ihtrw: sums prior so the expiration of hats [ro'a'n,[, Lcn[cr nriav mcuke^ anv
<br />rcincdies petmiticd by this Security inStrumcnt without further nottec or demand on lorrowe r.
<br />18. Borsower's night to Reinstate. if Harrower meets certain cosnhtnons. Hot rower shall have ilie right it hate
<br />s-sifarrvertetit
<br />of this Scv!umy Insarument ohscontuiucd at any ittite prior lu the varhi t of: (al', [Lays for such welter Ixruhl .I,
<br />appitcabic law tnay % tf) fire ronstalernewl Iv.loresolo; ofthe lIr-,pvits Iwismim toasty I ewer <,f`sale,untamed 111 Ihl,
<br />G'i%nnty Instrunter1 t; r/r tbf t'PatPy 4!1 -a ;citltdnn P4:nl enfUrt: nl�t rhos het lot tl\ 111 slrnmt'Itl Illlr *t' i,rtloll lilril %.oft; that f)111 fr,N el
<br />8a) Sys I.enaJer all %"arts Which then would lie due under this Security Insii unium .tad the Note had uo .actt'frlau „It
<br />m utred. (hi .urcA arty default i,f any outer tovcuanls of aytcaanents: cal pays Al talrnsa'% metered of rntol' Ing this
<br />1Jrlt} him.arui€erill. ol,kidnig, i'tit rtul I11111ed Ill. rcas,inablc a11011ie5 -s' kee%, dull Id) t+krs �,uOl ;firm ,,, brndri nt;n
<br />re "lately rr:`gaaire I” asSute Bhat the 11CII -if tins S turity lnsirurnrltl, l cndef's rights n1 the prnfv'rl,t ,m,l ti,ulrioai's
<br />lilt tket ie tvay the' Naar"% wt:urr'l bs this srcurity ItMfuoir.nt .hall ,nnalnua' r lilt hatlpvd t pore itnl,!alc"trtu I >t
<br />K, —Ywit, lolls'se, too loorwlsvw Anti wtulcd hereby .h.111 rcnhu" fulk , flay 114, .as ,f n.,
<br />%,,at"'t ll,aArtc; !ins•, ttgl,r 01,14} m lfir ,ISM "I a— 1, con !1 orals, ,,;ra.i ,,Ipt!, i 1
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