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85-- 003103
<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 />'- InspeeBoso. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condnnaltion. 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 Securit Instrument shall he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount ('If the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the takin
<br />paid to Borrower. ¢. Any balance shall be
<br />if the Propery is abandoned ;y Burrower, or if, after notice by Lender ro Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 0 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 prtxceds 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 Borrow er or Borrower :successors in interest.
<br />Lender shall not he required to commence proceedings against any successor to ;merest or refuse to extend time for
<br />Payment or otherwise modify amortization of the sums secured by this Security Instrument by reason ofany demand made
<br />by the original Bo rower or Borrowers successors in interest. Any forbearance by Lender in exerciamg any right or remedy
<br />shall not be a waiver of or preclude the exercise irf any right or remedy.
<br />H. Successors and Assign Bound, Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Secunty Instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 1 . Bonower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does trot execute the Note. tat I% co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrowers interest to the Property under the terms of this Security Instrument: (h) r% rat perunaEEy obligated to pay
<br />the sums secured by this Secunty Instrument: and (c t agree% 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 Borrowcr'sconsent
<br />12. Low Climes. If the loan seevred by this Secunr% Instrument is subject to a law which set, maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or ro be collected in
<br />t*nnectrim with the loan exceed the permitted limits, then sat any %uch loan charge shall he reduced by the amount
<br />nece%sary to reduce the charge to the permitted limn: and (bf any sums already collected from &-)rruwer which exceeded
<br />permitted limits will be r unrfed Eii Borrower l ender ma% choose ro make this refund by reducing the principal owed
<br />under the Note or by, making a direct payment ro WITT(, er If a refund reduce% pruicipal, the reduction well he treated as a
<br />Partial prepayment witfrout any prepayment charge under the Note
<br />13. Legislation Alketia4 Lender's Rights. If enactment or elkpiration expiration of applicable laws has the effect of
<br />rem}erilig any prxo%mon tN the Nee is <,or zhis Security Instrumew uncnfor eah;c ac: ruing to its terms. Lender, at its option.
<br />may require Immediate payment in ft..il of all sums secured by this Seeurui In >rurncm arid may in%oke any remedies
<br />permc[tcd h% paragraph 14_ If Lct der exercises this option. Leruler shall take the src, s specified rn the second paragraph of
<br />paragraph 17
<br />14. Notice%. Any notice to liaorrtower provided for in this Secunre Insir tunent shall he giver: by delneririg it or by
<br />mailing it b} dust class mail unless applicable, law requires use of anothcr method. The €:otice shall be directed to the
<br />Property Address ar any ether address Borrower designates by notice to Lender Any notice to fender shall be given by
<br />hest clans mail to Lenders address stated herein or any other address bender designares by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to hay, heen given to Morro s%cr or Lender when given as provided
<br />in this paragraph.
<br />15. Governing law: Severability, This Security Instrument shall rte go%erned by federal law and the law of the
<br />,iurisdictioon in which the Property )s located. In the event that any provision or claux of this Security instrument or the
<br />Note czst?ficts with applicable law, such conflict shall not affect other provisions of this Sc-curity Instrument or the Noic
<br />which can ice given effect without the conflicting provision. To this end the prmisimis Of this Sce uric% Instrument and the
<br />Ntnv are declared to be wscrable.
<br />16- Bwmwer's COPY. Borrower shall be given one conformed c+p% t,f the %me and of this Security instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If ail or any part of the I'roperl% or am
<br />interest to it isscold or transferred {oat jf a beneficial interest in Bnrrowrr is %old or transferred and K,rroucr is mot a natural
<br />Pcrstm) whhoout Larder" prior written cconw. m. Lacier may. at its option, require immediate payment in fade' c-4 all surna
<br />secured by this Security instruntarir, Ilowever. this ccpti<on shall not he exercised by IXI1der If exert tse 1% 11rtohiNted b%
<br />all law as of the dale of this Security Instrument.
<br />I( Lender exercises this cgMir, n. LcMkI %hail give 13irrrewer notice of acceleration. The nutfce %hall provide a period
<br />:fir that 10 laws (vom the date the nottce is delivered or marled within which Borrowc€ mu%r pay all suI*.i% %M -ured by
<br />€his Security It�trument, If Borro fifer falls ti, pay these sums pricer to the c xptranon of this pert,,d. I.crrder Ina. % rm -tiler any
<br />remedies Iaerr€tatted by this !mushy Instrurraetat without further notice or demand on Ktrr...Acr
<br />1a• 's Rigin to If Borrower meets certain corxfitoons. Borrower shall have the right r.• tasi%r
<br />tai ofthn Security In-jsurnm I dneco,nttnuerl ,at any time prior to the %other . f_ 4,4o 9 diy t „r %a. h : 1h< r ju ri,wi as
<br />L haw may %Mctfy feor rer"matemenr i hef"re side „f the Pr-rf,rrry psi €%11411[ Ill yny tin ere °r :,f sale r, etairir l in €ba,
<br />urtt; I ,,rut nt, m flit e -retry 4 a , 19111 as cnfsaseang this lk .arts% Instri rurnt Iht,r , ,ndin<,ri %,ire that fit•rro.wer
<br />(a) pays 1_,erialer all seam,, %hxh then wa_Nill be due under This Security lnsiiurncur and the Ni,ar hail n,, a. :eic °retain
<br />esarrexi: !hr Lunn ahv deiuft if any ca €tier c,iaetaants <j agreernenta. 6ci pays all exprtna-: mi :urtrd rn 1111.
<br />wanly I irit"arnt, arste'h"14 fig, owl cart larnrtesi tai• reatacmable aitorne% fee%_ lend (d) tikcv %11th as�ru,n ,ys L.rn: °.e[ rises
<br />r .ecrea % relavor ;,r acre that the lien A rho%
<br />tirl ;y lra,trtrmeni l,eiie$er” rigti % :u the i'rE, ;x-xts xt;al tip n a :
<br />rib et, % the %aorta wLurrd hi this furry lnssrum €err shall "'tilmor .scharyrd I ;-r, lies +yin? ;E
<br />err weer 'h" s nei�e as si rite r lsgattgxi %%et utrd taerri p %hail rrM1211 i,j% ,at. t•,r ss d ,i„ i, o,,..n ks:i
<br />lief If��a. vet_ ih sh _..iaa =ad stixil rw xfply
<br />.f� {€&� :_3tA"xt x#5.4 lC r�rirstc ., �, +f fi.. A: -t'•^ ° i
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