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<br />002355
<br />If Lender required mortgage insurance as a condition of making the loan secured b% tilts Security Instrument,
<br />Borrower shall pap the premiums required to maintain the insurance in effect until such erne as the requirement for the
<br />Insurance terounates in accordance with Borrower's and Lender's written agreement or applicable taw.
<br />a. 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 to lieu of condemnation, arc 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 fu the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In (tic eycnt of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree In writing, the sums secured by !his Security Instrument ,hail he reduced by
<br />the amount of the proceeds muluphed by the following fraction: (a) the total amount of the surns Secured immediateh,
<br />before the taking• di%ided by (b) the fair market tialue of the Property Immediately before the taking. Any balance shall he
<br />Paid to Borrower
<br />if the Property I% abandoned by Borrower, or if, after notice by Lcnder (o Borrower (hat the condemnor otters to
<br />make an award or settle a claim for damages. Borrower falls to respond to Lender willful 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at IN option, either 9n restoraIjo❑ or repair of the Property or
<br />to the sums secured h% this Securnc Itsfrurnent, whether or not then due.
<br />Unless Lender and Horrower other" ise agree nn writing, any application of'pro9:ceds to principal shall not extend or
<br />postpone the due date of the monthly pave vents referred to in paragraphs I and _' ur change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Fxtenston of the time for payment or
<br />modification of arnortization of the stuns secured by this Security Instrument gra med h% Lender to any :UCccssor In
<br />interest of Borrower shall not operate to release the Ilabdlty of the original Hor rawer or Borrower's successors Io Interest.
<br />Lender shall not he required to conunrnce proceedings against any successor In Interest or n•fttse to extend trine for
<br />payment or otherwise modify amortIzation of the su ms secured by this Secuntc Instrument by rra,on of :tin dcmaud made
<br />hp the unginuE Elormx "cr or Borrowers successors m interest. Arty forbearance by Lender tit rycrctsine any right or rernedy
<br />Shall not he a waiii er of or preclude the exercise of ant right or remedy
<br />II. Successors and Assigns Bound; Joint and Several Liability; C'o•signen. 1 he cosenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lcnder and Horrower• subject to rile protiutons
<br />of paragraph 1'. Bo rrower'%cxwenants and agreements shall he joint and set cral Any Horrower who to -signs this Security
<br />Instrument but clues not execute the Note laI I, rn- signing fills Set unh Instrument ooh To naonf;agc. grant and convey
<br />that Horroxrr', interest m the Property under the terms of [tits Sc,:urafy fowl town( IhI I, nn[ person:di% obligated to pay
<br />the sums secured by tilts Sorority Instrurew. anal (cj agars that 1 racier an,l nnc „t her Borrower may agar n, extend,
<br />mtsdtfy. forbear or rnsakr :any ac:nnnnaodations "nil regard Iu the remit of flit, Security Instrument 9v the Note "[thou(
<br />that Borrower's consent.
<br />12. Loan Charges. If the luaus sectored by tilts Sesurrty Inslr lliCni Is suhlrct n9 a E:oy "itch sets ns:axrrnum loan
<br />barges, and that lax n linally Interpreted so that the Interest :,r � her I,,an ,hargc, tollckt,ol .I, to he colluded nl
<br />r,umection xlth [tic loan exceed the permitted hint%, then tat .Ill% such io;ul charge shall he reduced by the ;ltnuulil
<br />r vs:c tart an reduce the charge to the pernmit."J Ilrnu. and (hl ;any stints :already collected burn Hornnscr "tai h cxrec'dcd
<br />permitted lutists will be refunded to Hurrl,wct I rnldel may'lloose to ["lake this rcpiand by reducing file primipal n"cal
<br />;under the Note or by makings direct pay rnenl to Horioaacr" It'll re•lund reducc% principal, 0-tv reduction skill he tre:atrd as a
<br />partial preparroctt % %Ilhout any prepay rrlcnl charge under the Note
<br />13. Legislation Affecting Lender'% Rights. If ,-nacinicni (v cxlnr:rhon of applicahlc faw% lava, flot* Affect of
<br />rendering any proyl%Inn of the Note or tits tircunfy In%irunicnt unentirtcrablr a. :cordnng To !is rcrt l %. I Cruder. at Its siphon,
<br />may require immo-dlate payment at full lit .III Bunn secured by !firs ticrsinly Instrument and Wray uooke stn r ntedus
<br />perittled by paragraph !c> it Lcnder exercises tilts ophun. 1 rndcr ,hall take thr,rtrps specified na [tic second p +I% T(_ aph nil
<br />paragraph 1'
<br />14. Notices. Any nutter to Born,xc•r prosrdel for In if),, Sccllnty In,Irunicrx shall he gnerl h% dclncnng a of ht
<br />an:aalaasg It by fins rla., grad unless apphcable law requires lose it another method the nnhce ,hall he due' -fed I„ the
<br />Property Addre%% or :any ,o(her address Horr„x "er destgnatrs by notice fo I colorer 1ny notice lu I ender shall by urn ifs
<br />first class m:aii to I endc'r'%addtcss stated he•rc•tn or any orhet :address I rnaje•r alr,rgnatc, h` nnnra• In Hnrrn";•r An. notice
<br />provided list in thus Srcui trt In %rrunieni ,hall her decmrd n, h:ase herb ,clsrn Ir, it"rro"cr nr !ender "hen corn its ;,urn Idc9l
<br />•9a [tie, paragraph
<br />15. Governing taw:4everabilitIt. ltu%security instrnnrr,t sh,ali h ;o9, :rncd by ir,icra! la" anal the Luc 1 the
<br />jurnd[coon nl wht.h the Import, IS lo, aril In file ryent Ghat any fill, our or rl:nlse tit olio Serura(y lnssra:nlcnr .a Phe
<br />Na +at yc +nthc(s with ;appE.cahle LI ". ,loth ,.,,tllttt( ,lallDl lttrF :1f }CC't „tiler prmi%lan, i,t (ill, Seta[I'Itl Ills,Cl7["enI "!r Ills' N1 +t('
<br />"}itch ca91 tc p xera cticca "thou[ tilt c„nfhc!nlg proslslon ill this end the prncaslons of this scrum% in,rrumcnl ::rid Ills
<br />NI,Ic art dc.N.N A to he'rye €ahit.
<br />16. lorrower's Copy. li,,n "n"cr <flail he }'1%1.11 cur it?, if of the• \„Ic and „I Ihn l,runt, I ?Ill
<br />r ii rtUVll
<br />17, Transfer III the Property or a Beneficial Interest in Borrower. 11 all or nnc pill, nil lift Yn,t,e try or .arc
<br />InIVI'v "t In 1€ is sold or tran'tertrc( (,�r If s heneflcial nitrrc %t rn Horn-wct n void ur hanslcra r,l ;ltd lionroxtr I, nol 19 nail .r!
<br />fter %orif "nlh tu( L ender s post svrlttrn ,flown?. I meter may. at n, option, w(flore Inmlydiatt' p�synient ilt full ,.f .911 stun,
<br />Sectored I'S lilt% *a :lorvrs ln,irunlc•nt lio "ever. tins npelnn s16,91a n..; i +e , ara nc,j ht I under if ,•xci,I,c „ t,r „nifyt„I r:,
<br />te3cral la” a, <:I !t 1 eilaIvI,I!hIsSc,nlrt% Ilt,IrutncitI
<br />It I ender c'crclst, I his ,,,praorl. I "Ild" "'hall V.rte i14'1 1,e1 d sec eleratlim hr noflrr'hall I'l —id. ni
<br />,•! ficl tc% Than 7a.id.iyW from lhc.b; - I "'I
<br />"a8. tlrl s I,, p _,sdtC,ccrad „r m:ul,•of +I(hnI tshn.h Bt'fa�HSCI must tan .II! ,u:ar, "s ,nr,f h,
<br />This sc�. aaa "spa lrtstr €tnc•rst It Id, it r, eel cr lards t, jay Ifto�.9 "lain, ;,rnu t., IEI_ rcj,Iraf ;�nl:l Iles trrl,„
<br />reniv die. %M11HINdhy flat %`[,,caul I,,Id,I m,Iv I „•, e.� �iI•,
<br />a for %sroroent watil,uat fairl!srr nollsr.a Ik ["and on Horrnexct
<br />L�. Lbarmwer`a Right ter Reinstate• If Ita.Iri, "r, rnc•ers
<br />ram „nnluu,n,. 13rnrr"rr .hail li,nr Iilr rry'hl t„ has,
<br />rnt� +teeny rs:,,tt1: +s %cur,syirs,rrnntatt ,h %t +rtlnue `•. .,rnrnn ;IIII „Ih,.auh,I •I I'll `•I:,c,t,",it,h, ;Ipl ;r;•clwo.,•.
<br />ails #r2all Iaw .ran st •elfy p ; retn,rar ant u, t I,t� :alr.,I ahc t r,qv
<br />is t iIr%:a,,W I ,c , ,t ,i. nln;nl .I nI IhI,
<br />'4 R- trey It %9I 'Sit 5aa r' 9f I rl r4 •I I '1 -t!; f 1 t I�,r_
<br />!n +Ilnr, nl III c. I 11” I I
<br />n L,II Pi r�. lx,I
<br />Ian (ay I •a!er dl tole rail 11 p?s,n ",�t191 I t,
<br />rc nr 9j a f,.r q I. II In _tor no I 9. A„
<br />%,.,rr, 1 i a ur an', ,t tail! ref .trty �ihet .insert nNra a nt, I , ;jay _ l I�� fix
<br />°tea >arvr+ 1 r•fr„ n!, inci�.a O9alsr, !,Ill t,r �1 ;ntnla'; f i i ;.n tit I:uI Ir I nI ,rIR I n; Ili;•.
<br />case ra,<a y aau„ ,uI I :It t ., lien ..I II i•. rltt Itaslrul I t I n � �•
<br />ail•,'a ®4 .'d It I,,i 1 Iii Ifta 1t'. Ili lib I •ill ,, l,4ii 111 f "'I 1 11.1 !t 11 •,,,Y
<br />.r"s I'l,f, III
<br />t ( f1 �•�� I: f n, I r LIB ., , n1
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