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85-00495-'C
<br />If Lender required mortgage insurance us a condition of making the loan scoured by this Security Instrument,
<br />Borrower shall ,pay the premiums required o 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 />B, '1tuotieetion. Lender or its agent may make reasonable entries upon and inspections of the 1roperty. Lender
<br />shall,give Scirrelwer notice at:the time -of m prior to an mrspectitm spec:ifyingTeasonabk c:ausefor the inspection.
<br />p, =Candesnuttion. 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 andshall be paid to Lender.
<br />t In the event of a total taking of the Properiy, the proceeds Shall he applied to the sums secured by this Security
<br />t Instrument. whether or not then due, with uny 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 shut] he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums sectored immediateh'
<br />before the taking, divided bv (h) the fair market value of the Property immediatch before the taking. Any bal ance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, nr if, after notice by Lender to Borrower thut the condemnor offers to
<br />make an award or Settle a claim for damages. Borr(,wcr fails to respond to Lcnder within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either in 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 appitcalion of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I 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 tote 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 Ili interest.
<br />Lender shat] not he required to commence proceedings against any successor in interest ar refuse to extend nme for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of am' demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lander to exercising any right or remedy
<br />shall not he a waiver of ar preclude the exercise of arty right or remedy.
<br />11. Succenum and Assign illk uncl; 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 wilt, co -Signs tilt, Securoy
<br />Instrument but does not execute the Note: (a) is co-signing this Securhy Instrument out to mortgage. grant and convey
<br />that Borrower's strictest Set the Property under the terms of this Sec•ur is Instrument fbi a not personailc ohligate:i to pay
<br />the sums secured by this Security Instrument: and (c) tegrees that lender and any other Borrower ma% agree It, extend.
<br />modify, forbear or make any accommodanons with regard to the terms of duS Securhy Instrument or the tints• without
<br />that Borrower'sconsertt.
<br />12. Loan Charges. It the l(ntn Secured by this Security Instrument is subicct u, a law which sets iraximum loan
<br />charges. and that law n finally interpreted Sir that the interest or other Iran ,itaree, coliec•ted ur 10 be collected in
<br />connection wall tilt' loan exceed the permitted limits. then: (a) iirl% ;.uct1 loan charge shah he rr(fuced L} tile arrrount
<br />necessury to reduce the charge ill the permitted limit: and (b) any sums already c:olhectecl from Borrower "'Itch exceeded
<br />permitted limits will he refunded to Borrower. Lender may choose to make :his rcfund ht reducing the principal owed
<br />under the Nate or by makutg a direct payment to Borrower If o refund reduces principal. the reduction will he treated as a
<br />partial prepayment without am prepayment charge under the Notr
<br />13. Legislatiat Affeetitµ Lender's Rights. if enactment or rxpiraiwn of apphcahie laws has the cfluct of
<br />rendering any provision ui the Note or tilt, Sec•untt lustrument unenfnrceabir accnrdntg to its termS. Lender. al its option.
<br />mat require immediate payment m full or all sums Secured t%y tilts Security InStrutneol and root invoke any remedies
<br />permitted M purugtaph 14 It Lender exercises this option, Lender Shall take the sieps specitlyd in the Second paragraph of
<br />E7
<br />puragctph f7.
<br />14. Notices. Ant notwc• to Borrower pm%Idcd tin m chi, Securny Instrument shat: he given h% deIikurmg IT or h%
<br />mailing it by first class matt unless applicable low requires tae Set another method The notice shall he dlrCt'ICd lu lice
<br />Property Address or ant other address Borrower designates ht notice to Lender Any uotax It, 1.cnder Shadt he given h}
<br />first class mail to Lender's address stated tier cin of any other address lender designate% by riot ce to Borrower Any nonce
<br />provided form this Secunty Iustrumcut sflat he deemed to have been gnca to Borrower or Lender when grvcu tin proetded
<br />in this paragraph.
<br />1$. Governing Law; Severatbillty. This Sccurny lnsirunieut -,hail he go%crncd h% ft•deral Itiw and thy law of Tile
<br />jurisdiction m which the Prupert', a located In the event that inn prnvrst(m or clause of this Secunl% In>irovicio .)I the
<br />Note canflictS with :tpplicabhc law. such cotlflict Stull out affect other pro%isiauS of tins Secunty instrument Ili the Noll-
<br />which call he given effect without the CurlthClIng pit >vMon, '10 tills end the trot ISIONS of tin, Str: Seri]% (nsiruntent an:! [fit,
<br />Note art.' declared to be severahlc.
<br />16. Barrower's Copy. Born,wer Shall he given one ; ontor'nied cope of the NotC and rd 1illS Secure% Im.tr:nucnl
<br />17. Trauster of the Property or a Beneficial Interest in Borrower. II all to any part of the Pn,perr% or :nn
<br />interest to It is sold or transferred fur if a beneficial interest m Borrower 1s sold or irinsfcrred alt(! Bonowt•r a n „t it r,:u tidy!
<br />person) without I.cnder'S prior written consent. Lender may, at ',IS option. require Immediate payment m lilt! of all sums
<br />Secured h t this Security Instrument Nowe%'cr. Ohl, option Shalt mn ha: r:aat:lsccl h, l.eudrr 1f rnerc,Se r. p,,.`hlhnca 1„
<br />federal lawasofthedateofthi,Sccurtit lusirutrrenl
<br />if Lender exercises this option. Lender Shall give Borrower nrltce of U -sit- radon Ilic note. e ,hall p1,,, ode It pt'l l-i
<br />of not less titan 30 days from the date the ntniec IS dchtcred or nuuicd w it'hm which Bol Loki er must po% all `.utn, St-, Sett-;] b%
<br />this Security Instrument If Borrower fails it, pay the SC Suns prnrr it, the rxl»ranon of Ihts prrn,d, Lcardt r mo} :mokr am
<br />remedies permitted by this Secunty Instrument without further nonce ,n demand on Borrower
<br />115. Borrower's Ri& Ili Reinstate. if Iklr'rower nweis certain conditions, Burrower '.hall have file right I1` lGlI
<br />entbreentent if this Securhy Instrument dise:on1mucd al ant ante print In tile eau'llrr of rap ti :inks for such nthe•1 twrlod I-
<br />appltcah{e haw tnat Specify f t nrins[aterntriU hefnre sale 11 !hc l'n. purstr w an% pnwe, it al ,nt nme t m lilt,
<br />�s7: urn} insarunient. or fit cosh of aludgrot•nt cutott:oly hts Secure t ius'runr. r 1 lit x "hold n 'Set 01,11 B trl`wr1
<br />LX•ndrr AL' Stuns wht(i1 ]lies would !w •.fug under the. Securr) lu.t,t „rev ant. 1)1c \,;I, bad n;
<br />,"Urred, th1 ctarca arc% default ,It any other ro,cuant, w agrcemsll,. is 1 1,111, :ail a prn,r lnru .i? !n rnL,rrmf .hr.
<br />se,wrr.% Ito Strumcist. ln;:illdiug• hill nor hmilrd r-, t :os.nmhly auurnev,' ice and :iii !J.t” 11111 -r.nnu I :•u:h:1 *n.n
<br />rcaus =tab!: 1e•uur.'e. aS,urr that the Lru -it 1hiS Secunty lnhlram;•s11. I.1•nd ,r r:eM•. :it, I'! -ofn rt•, :u¢I }k `n.`w <•1 , .:r
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