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<br />85-- 00480!
<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 Lenders written agreement or applicable law.
<br />8. 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, 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 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 Z 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 Instnimeni 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 />III. Successors and Assigns 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 shall be joint and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the `dote: (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 lnstrument: (h) i, not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree io extend,
<br />modify. forbear or make any accommodations with regard to the terms of this Security instrument or the dote 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, them (a) ar, such loan charge shall he reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrowcr which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund b% reducing the principal owed
<br />under the Note or by making a direct payment to Borrowcr. If a refund reduces principal, the reduction will be treated a, a
<br />partial prepayment without any prepayment charge under the tithe.
<br />13. Legislation Affecting Lender's Rights. It' enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according toils terms. Lender, at its option.
<br />may require 'immediate payment in full of all sums secured by this Securing 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 in this Securily Instrument shall he gnat by delivering it or by
<br />mailing it by first class mail unless 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 Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security instrument shall be deemed to have been given ui Borrower nr Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. phis Security Instrument shall be governed by federal law and life iaw of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable iaw, such conflict shall not affect other provi,ionn of this Security instrument or the Note
<br />which cart be given effect without the conflicting provision. To this end the provisions of this Security instrument and file
<br />Note are declared to he severable.
<br />1b. Borrower %Copp. Iiktrrowcr shall he given one conformed copy of the \ote and of this SecunIy Inst: mru•nt
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. if all or any earl of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or iransferied and Boi rower a not a natural
<br />person) without Lender's prior written consent. lender may. at its option, rcyutie inintrdiatc payment in full of all sums
<br />secured by this Security Instrument. However, this eipumi shall not he cxciriscd by Lerida It eserci,e IN pn,hihned by
<br />federal law as ofthe date of this Security Instrument.
<br />If Lender exercises this option. Lender shall give Borrowcr notice of acceleration. The nottcc shall Prot file a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which llirrowc•r muss pay all stun, secured by
<br />this Security instrument. If Borrower fails to pay these sums prior 10 the expirtnon of this pet lod, Lender itch utt oke any
<br />remedies permitted by this Security Instrument without further notice or demand uU Borrower.
<br />14, Borrower's Right to Reinstate. If Borrower nrteets cert;.rrt condutuus. liunowcr shall hate file right to hate
<br />enforcement of this Security Instrurnenl discontinued at any time prior to the cancct A (a) 5 days nru such,'thcr pt•riivl.i,
<br />apphcahle law ntay specify for remo latemcnt l before sale of the Property pi^uann to ,ny powct ill' "Oe , ow.1111cd u1 1111,
<br />SeCUtity inslrUMC111, or (b) entry of a judgment crifixe uig this Security lu,trtinlcnl i hose o'lldillon, an: that Itnrn +wcr
<br />(a) pays Lrndc! all ,ums which then would be due under this Se, urity Insirument _ +rid fh ti ,tt• had nn o rrhrniun
<br />xcurrcd: (bi cures ally default of any other covenants or agrcenicnls. 1 ! 1 a %s all cy uac )Itcuntil !n i ld t uift Iii,
<br />Security instrument. nuludnig, frut not 6nntcd to, rca,00nabic tittutncy, Ice, and tdi tester, •.0 ;h ecu,m .1, 1 cilia nag
<br />reasiirtahly icywtt. t,1 assure that fist: hen of flits Stsunty Iixtruoies t 1 rnd;•t s rialus 111 Lt 1'r „pun .m i Ho!fowcr
<br />ubbltalu,n tai pa; the ,ums sccan:d by tills Sctunty instrument shat r.,nnnuc ur.,lnnycd 1 p n 1co r.urin,nt hs
<br />fA >tt•.wer,!11t.tir.�nst•y Inslrunu : :ntandthe,.,hbgau., use. ecuredilereh },halir•r.i,un!u11� ilr,t•.c i 11 u,,r.,r'1.it1,v!!.i•1
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