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85, 0047 ?5
<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 />& ltla'ection. 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. Condeateation. 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. ht the event of a partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured bt this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: ia) the total amount of the sums secured immediate['
<br />before the taking, div ided by (b) the fair market value of the Property immediately before the taking. Any balance shall he
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice bt 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 ibis 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. Burrower 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,hall not operate to release the liahihi% 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 moalift aniortizalion of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successor, iu interest. Any forbearance by Lcnder in exercising any right or remedy
<br />shall not he a waiver of or 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 !-ender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements . hall he joml and several, Ant. Borrower who,:o signs this Security
<br />instrument but does not etecute the Niae ial is co- signing !his Security Instrument onit to mortgage. grant and comes•
<br />that &rrrower's interest to the Propertt under life icrm%of this Securttt Instrument (hi is no; personally obligated to pat
<br />the sums secured ht this Security Instrument and ic) agrees that I ender and ant other Borro%kcr may agree to extend.
<br />modify, forbear or make am accommodarion, "lift regard r, the terms of this Sccuritt In,titiownt or the time without
<br />that i3urrower'%consent.
<br />12. loan Charges. Ifthe loan secured ht flits Security Insfrurnenl is subject Io a la" is htch sets maximum loan
<br />charges. and that law IN tilt ;tilt Into^'prrtcd so than the uttcle%t Of other loan hit es c('llrclCd ,•t Io he uillcetcd In
<br />connection with the loan exceed the permtted limn,. then: fa) ant such !,fail charge ,liall the reduced ht lilt' anuno!f
<br />ncccssart. to rciluee the charge to the prrrnntcd htnit.:utcl (b) any sums alreacit collected firm Borrower "Inch ct.ceetleil
<br />Permitted limits Atli he refundrd To Boriiwer Lender may .iioo,c I,• .fake Ill]' ,efund h•, r•duvmg fits prnegtel owed
<br />under the Note or by making n Buret payment to horm"cr If;t refund redLI C% rnicip:tl. the f-ductton will he treated its a
<br />partial prepayment without ao.. prepayment :barge under the tints•
<br />13. Legislation Affecting Lender's Rights. It enactmenl or cvpiraron .,f appocaN,- i;1"s fia, Ihc rllirt nt
<br />rendering ant provision of the Noic or this Securtt lnslrurncnt unrnforcc.rhic;1—fdtng f -, us Ic•nrts. Lcnder, a! its oplion.
<br />may reymre imni diaic pa%mcfIl III till! of Al sums secured ht. jilt, Neetirtt Instrument and matt uroke any tcrncd,es
<br />permuted ht paragraph fU If I -coder cxerctses tins option, Lender shall t ;1kc the steps ,pect!ied m the srcnnd paragraph of
<br />paragraph 17-
<br />14. Motives. Art nolt,c to Borr %%vr 1 +10olded tnr nt tills Sccunn Listrument shall he goen by defocnne if ;or by
<br />mailing n ht first class mail unless apphcahle law require, use of ;"uglier nicthod. I tic nnttec .hail he direcicd If, Ihc•
<br />Property Address or arts outer address Wwrowei dcwlgnales ht notice• to I endcr Ant Iiouct !o Lender shall he given 1,%
<br />first class mail to [sender's address stated heran or :rot other address Lcnder dcsignale, ht nonce III horrn,ucr An'l, noucc
<br />provided for in this Securttt Instrument %hail he d,crncd to have heen gncn to horr.nsei or Lender ales !itch its pr. ,tided
<br />in this paragraph.
<br />15. Governing law; Severability. III, Seeuritt Itl,truntrnl .1!1111 he cr,vrrn.il M ;rd.rai •.c :u„1 the tau .,t Ihc
<br />jurisdiction tit which the Property is loeawd. In the cvcnl thal any prucl,IOn or c!;ut,c ,1 This Sccurn ;, Instrefncni ,!r till,
<br />Note omilie1% with appocable iaw, such eoIjIllet shall not affeel ulhcf pio,I,Ion, of tills `CLIII'tl', l,ntrument ,)r the• \sue
<br />which can he riven effect withoul the conthoing ptoclston 10 flu, cr,d file prous:,,tn,d ton tw,urrty In,rriirtteni ,rn.i file
<br />\ale arc declared to tx:,c%crabic.
<br />14. Borrower's Copy. hr,trnuer shall he vthen ,nlr r ,nliunu,i r,py „I Ihc NI-1, jnd A I'll, lrcutilc In,'iulucnt
<br />17. 'Transfer of the Properl) or a Iteneficial Interest in Horrower. It :iii r am j,:uj of the I't.y „rot ,:r .u;,
<br />Interest in it i%sold or transferred (err 11a h:•nefictal mjcicst In li or,owrr t, ,old or !Imi'lel Icd and Hi,rr,nvl,r ;, ,.,•i .s Imuual
<br />perskm) w;thout lender•% prior rsrutcrr cuuseni. Lender may. at it, of +tae;. regnnr ;r.utie:halc p.ryntenl Ili till! :,1 .iii 'w%,
<br />,ccured by flits Security lnsirumcni However, till, oprc,n'11"ll not i$ ,ko+ I,cd cfi,;,l it rscr,tsr j r iui•ur,1 bo
<br />federal taw as,ofthedateofahis Svcurl•, In%trunicnt,
<br />It L�ndrr excrctse% tluS option. Lcrlder shall gi:r hori,"cr uoucc ot:n,ci.•rarnn I oc 0011. c ,h;aa j,r:,, 1,S.., i,, n,,,i
<br />rot n „r Iti%s than ltidat, fro:” Ihc dale Ihc• ounce isdclnerc•d or ntaslc,i vulhin "huh h„tt „"ct non; j -.0 ad -.0 n-.,i, tics[ h�
<br />this sccurdp Instrument 11 Borrower jails to pat thew ,urn, prt,n ti• fhr, xpo;tw)n ,! Ili:, j,rn .it 1 .•7idrr I,,.!, m-1,:.
<br />retmdty% permuted by tht%4,ev unty- lostrurocnr wilhout further n,d!,.r • i don.ind „n horn, "el,
<br />10. Borrower's Right to Reinstate, if Notuwc•r rneCl, ,crlarrl ci h,tu +ns, I{nu u,"rr 01;111 It nr :Lc f it•fu rn h't ",
<br />rnts-:czrtcr,ta-1 111,St•surty lo,uuux•nt dru:niurtned,it ,ill ytime ;,1 k,; I'' fhei
<br />L apfJ34Anik law Rlik spit ilv ,i 7!eFn, tl 1 fit., " '
<br />.Into uc - 1 I _.j ,,yt, 1,
<br />.r
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<br />I r 1, t• -,, i. 1 1 c„
<br />',4; i ,y I . -,,goo 'N .um, •.slit, ni [hen ",,old c due ni.,!,, !h., �1, .jn
<br />,.t .,In\ ,•Ili 't „i. -I I:f1 •I. ,p,c,: 11 �,11. i, ., .,. ..r.. it,
<br />suit ,.I, li ,,1.t c. . _,� •r., t, L. i1, nn -. ,n+ I "k. I ..,,
<br />if,at 01,_ „iru It 0,, s- -
<br />;c. I
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