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<br />85- 004959
<br />a condition of making the loan secured by this Security instrument•
<br />If Lender required mortgage insurance as
<br />to maintain the insurance in effect until such time as the requirement for the
<br />Borrower shall pay the premiums required
<br />Borrower's and Lender's written agreement or applicable law.
<br />insurance terminate, in accordance with
<br />Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />& Inspection.
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable. cause for the inspection.
<br />in connection with
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential,
<br />in lieu of condemnation• are hereby
<br />any condemnation or other taking of any part of the Property, or for conveyance
<br />assigned and shall he paid to Lender.
<br />be applied to the Sums secured by this Security
<br />In the event of a total taking of the Property, the proceeds shall
<br />whether or not then due, with any excess paid to Borrower. in the cveut of a partial taking of the Property.
<br />he reduced by
<br />Instrument,
<br />unless Borrower and lender otherwise agree in writing, the sums secured by this Security instrument shall
<br />of the sums secured immediately
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount
<br />Property immediately ' before the taking. Any balance shall be
<br />before the taking. di, uieyi by it,) the fair market value of the
<br />paid to Borrower.
<br />by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br />is is
<br />If the Property abandoned
<br />make an award or settle a claim for damages. Borro wer fails to respond to Lender within 30 days after the date the notice
<br />or repair of the Property or
<br />Lender is authonzed m collect and apply the proceeds, at its option, either to restoration
<br />given.
<br />to the sums secured by this Security Instrument. whether or not then due.
<br />agree in writing, any application of prorecds u, principal shall not extend or
<br />Unless Lender and Borrower otherwise
<br />tom paragraphs I and'_ or change the amount of such payments.
<br />postpone the due date of the monthly payments referred
<br />Forbearance By Lender 'Not a Witiver. Extension of the time for payment or
<br />10. Borrower \ot Released:
<br />by this Security Instrument granted by lender to any successor in
<br />modification of amortization of the sums Secured
<br />liability of the original Borrower or Borrower's successors in interest.
<br />interest of Borrower shall not operate to release the
<br />against any Successor to Interest or refuse to extend time for
<br />Lender shall not he required to commence proceedings
<br />by this Security instrument by reason of ally demand made
<br />payment or otherwise modify amortization of the sums secured
<br />by Lender m exercising am right or remedy
<br />rrower', ccessors ul interest. Any forb earance
<br />by the original Borrower or Bo su
<br />shall not be a waiver of or preclude the exercise of any right or remedy
<br />Several Liabiliri: Co-signers. The 'o+en:mu and agreements „f
<br />11. Successors and Assigns Bound: Joint and
<br />s of Lender and R„rr nycr, subtca to the pro \i,ions
<br />Ihu Security instrument shall hind and benefit the successors and assign
<br />sev•,•f al. Any Born suer tk lire t signs this Security
<br />of paragraph 17. Borrower's col cnanl, and agreements shall ht _loin[ and
<br />(a) is Signing this Security In,truincirt only If, mortgage, grant and convey
<br />lnstniment hill does not execute the Note: co-
<br />of this Security ln,trtirr 1 i hi Is sot personally obligated to Pay
<br />that Borrower's interest ul the Propern under the terms
<br />+c) agrees that Lender and a ly flier 31 ,rrny : :I *nay agree In cxtcnd.
<br />_'.
<br />the sums secured M this Security Instrtmlcnt and
<br />regard I,, the terms „ t till, lc UTIT'. in rtnner;I to the Nutc wnhnut
<br />modify. forbear or make auy ,,ccnillTnudalIons with
<br />that Borrower's conwill
<br />!f loan Secured by thI, Security IIT, Irunlcnl Is uibI nl,txnn,un loan
<br />12. Loan Charges. !tic
<br />and that law 1, finally Inler�,rcled ,u that the alt Ic,t rr th ar
<br />yr IcJu � -y the ;III- -011
<br />_harge,. -1•d
<br />os nec ,on with the Ioan cs� :cd the ,clmtrl :•d limit,. Iitcn. 1 �I any a -h +.UI hllr_e sly ,Il
<br />limit. and Ib, any sal.., ah_.Idy . :,llutrd teem[ phis h exceeded
<br />si
<br />necessary to reduce tile• charge Ii, the PCITnnicd
<br />Bolero the
<br />limits will be refunded to liorrowcr Lender play choose u, make this refund he reducing the pnnclp.il ouyd
<br />will he treated :is a
<br />permitted e nductinn
<br />u, Bortowcr If a refund reduces Principal, th
<br />under the Note or by making i direr[ payment
<br />ti
<br />partial prepayment without ally pupal mcm charge !melee the Note'
<br />:r :, crfect I,f
<br />,I apph:IVI11 laws hvr
<br />13. Legislation Affecting Lender's Rights. If enactincm •.0 cep
<br />;it i
<br />n, Icon,. Lender. at In „pudic.
<br />C il-
<br />rendcnng any pm\I,u,n of the Nolc or tht %Security instrument uncnti,rcea IT\ ago •rding I:+
<br />l,peclllcd
<br />nim require Inllhe ,ec„nd paragr,ph t t
<br />1,,n dci hall take the step,
<br />1ntrapiaph \L'
<br />rely tt d by U I.cnderlcxietclse, Ihiisopnon,
<br />p'
<br />paragraph 17
<br />nith- innctil d ,hall
<br />it ha lellyerillg II t) \
<br />14. Notices. An% notice I,, Borrower provded h,r In Iht,
<br />he duetted to the
<br />I it II:V
<br />mailing it hg first clas, mall unless applicable law requires use 1) anrnhar mdthnd. The cc 1k, ,hall
<br />lender Any nonce !. Lender ,hall he green M
<br />Property Address or any ether address Borrower designates by nonce u,
<br />Lender design:rus by Hoare ro Bornn\er. Auy n,lurc
<br />first class mall to Lender', address stated herein or any other address
<br />Sccunt% Instrument shall be deemed 10 hay e been glcen to Borrnwcr nr L CII T w hen grye❑ :t, ploy Ided
<br />provided for ul this
<br />in IhtS paragraph.
<br />Governing lea: Sererability. I hi, Scully[, lnstrumrnt Shall hr ITled i I N :Ind the I,u ,,f the
<br />Ir tl,c
<br />15.
<br />)url,dicrlon in which the Propel r located In the event that any p--,wn rr to c ,d use Su'un y I11,!r Inn
<br />till' 1eeUi.t% LI•su lemrnl fr the Nlac
<br />Nolc eonihcts with apply :etrlc lase. suet+ conflut stall not affect other pr+ moll, „I
<br />i o tIt 1, enel the pI tit l,lo'1s of IIi is \c. I; rily I Ili :Itle l;t .I iiii II
<br />which tall [,e 91\ ell citecl It 11' 1 1lie onllle'I l lig pro% is). Ill.
<br />\,e,le are' declared it, by scv ci allic
<br />Botryrwcf shall he gt%cn it,w, '111 ,rmc•d a,l'• "1 1hr Nl�?r :nlyl ,! this so, ulll, lr,ro:nrnt
<br />16. Iiorrower'sCopy,
<br />lklncficial Interest in Borrower. If e!I , I an. .sere
<br />17. Transfer of the Property or a
<br />B„rru•ay I old ... uan,h:l d 11d 13 r wrl I, I , u :al
<br />lutere,t to h I, sold or tran,fcrrod o,r ii a hcncticlal uucre,t ,n
<br />d1.:C paynlcnl u. fu I I ,u ,,nr
<br />Willi
<br />Leader may. al a „qnr n. reyiUnc
<br />per,uri utthou[ Lender's p'nr wrtttel con,cnt,
<br />-l'cd h% i rnJrl a r,.rrcl,e Is (,1•?uln{cyi by
<br />by this Sri Urlly Instrument Llouc%er, sus opu,al ,hall wt he etcl ,
<br />Sccurcd
<br />federal isµ as - Itchy oatc of1 In, Saeurt , lnsinuoent
<br />1 ildcr shall l.c it n, tyy I n r c ac c y. n a1 tit, r l , rl
<br />If 1 tide! WI, I'e, Ili.,; ptl,nn 1
<br />IL,, Own ?h y4 Sys Irlrn thy date tie ntrticc I, Jrh.cad nlade•J yen nu ,yin h Is .:
<br />,,,. }, .•r,
<br />ed nod s
<br />tiecunty Instrument If Borrower fail, to pay ttle,c sums prior o the i yP�ua.l al ,I 'hl ,•t . I,L , i red.! .n.n
<br />ttu,
<br />ft'113y :d IC, l,yi1n11l1.d b\ ibis ��ee'ilrny ln%truroctil wllh"Ut luribel n, tle ,l ielllanel II Hill
<br />41 r :II ' t
<br />1fl. Wwrnwer'y Right to Reinstate 11 Hot wee filed, yellaw u,i .1I
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<br />L I f, I♦ rllc ll iItit, Sec Ur it II ,IIYInIt I i,,olltI 1Ad it ai IIIlI I,tl I 11
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