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5-- 005073
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />the insurance in effect until such time as the requirement for the
<br />Borrower shall pay the premiums required to maintain
<br />with Borrower's and Lender's w: itten agreement or applicable law.
<br />in Lender
<br />insurance terminates accordance
<br />S. inspection. Lender or its agent may make reasonable entries upon and inspections the Property.
<br />cause for the e i nspection.
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable
<br />director consequential, in connection with
<br />9. Condemnation. The proceeds of any award or claim for damages,
<br />Property, or for conveyance in lieu of condemnation, are hereby
<br />any condemnation or other taking of any part of th e
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied w the sums secured by this Secunty
<br />In the event of a partial taking of the Property,
<br />instrument, whether or not then due, with any excess paid to Borrower.
<br />the sums secured by this Security Instrument shall be reduced by
<br />unless Borrower and Lender otherwise agree in writing,
<br />multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />the Any balance shall hr
<br />the amount of proceeds
<br />before the taking, divided by (b) the fair market value of the Property' immediately before the taking.
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender u\ Borrower that the condemnor offers to
<br />fails to respond to Lender within 30 days after the date the notice is
<br />make an award or settle a claim for damages, Borrower
<br />is to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />given, Lender authorized
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />in any application of proceeds u> principal shall not extend or
<br />Unless Lender and Borrower otherwise agree writing.
<br />due date of the monthly payments referred to in paragraphs t and 2 or change the amount of such payments.
<br />the time for payment or
<br />postpone the
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of
<br />by Lender to any successor ill
<br />modification of amortization of the sums secured by this Security' Instrument granted
<br />to release the liability of the original Borrower or Borrowers successors in interest.
<br />for
<br />interest of Borrower shall not operate
<br />required to commence pnxeedings against any successor in merest or refuse to extend time
<br />Lender shall not be by reason of any demand made
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument
<br />in interest. Any forhearancc hx Lender in exercising any right or remedy
<br />by the original Borrower or Borrower's successors
<br />not be a waiver of or preclude the exercise of any right or remedy.
<br />The and agreements of
<br />shall covenants
<br />11. Successors and Assigns Bound: Joint and Several Liability; Co- signers.
<br />and assigns of Lender and Borrower. subject to the pro%islons
<br />this Security Instrument shall bind and benefit the successors
<br />shall be joint and several. Any Borrower who co -signs this Security
<br />of paragraph 17. Borrower's covenants and agreements
<br />this Security Instrument only to mortgage. grant and convey
<br />Instrument but does not execute the Note: (a) is do- signing
<br />not personally obligated t
<br />that Borrower's interest in the Property under the terms of this Security Instrument: (b) is o pay
<br />Borrower may agree to extend.
<br />the sums secured by this Security Instrument: and (c) agrees that Lender and any other
<br />any accommodations with regard to the terms of this Security instrument or the Note without
<br />modify, forbear or make
<br />that Borrower'%consent.
<br />12. Loan Charges. If the loan secured by this Security instrument Is subject ur a law which sets maximum uan
<br />or I,) he collected in
<br />charges. and that law' is finally Interpreted so that the interest I,r other loan charges collected
<br />lBorrower lwhich
<br />such connection with the loan exceed the permitted limits, then: (la) %ants alreadvicollected front exceeded
<br />to the permitted limit; and (b) : ry owed
<br />ncccwsary to reduce the charge
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal
<br />the reduction will he treated as a
<br />under the Note or by making a direct payment 10 Borrower. If a refund reduces principal,
<br />partial prepayment without any prepayment charge under the Note.
<br />Affecting Lender's Rights, if enactment or explr:uion of applicahlc laws hits the effect 11
<br />oiedles
<br />13. Legislation
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its terms. Lender. at Its
<br />by this Security Instrument and may invoke any remedies
<br />read require immediate payment in full of al! sums secured
<br />Lender shat! take the steps specified m the second parfgraph of
<br />permitted by paragraph 19. if Lcndcr exercises this option,
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for t1 Ihis Secunty Instrument shall be given by dcGvenng 1t or n
<br />he directed it) life
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall
<br />designates by not u, Lcndcr. Any notice to Lender shall he given he
<br />Property Address or any other address Borrower
<br />mail to Lender's address stated herein or any other address L designate% by Lunde r %Burrower. Any moiled
<br />first Lender when given its provulcd
<br />class given I
<br />for in this Security Instrument shall he deckled to have been given to Borrower or
<br />provided
<br />fit this paragraph. l tile
<br />15. Governing 1,aw; Severability. This Security shall
<br />or eLluse of Ihis Secunty Instn:ulcnt or the
<br />jurisdiction io which the Properly is located. !n the event that any provision
<br />shall not affect other provl%lons of 1111%Secilnty Inst, if ent or the Note
<br />Note conflicts with applicable law, such conllicl
<br />to this end the pfovlsulns of tlus Security instrument and the
<br />which can be given effect without the conflicting provision.
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower %hall he given one conformed copy of the Note and of the Securky Instrument.
<br />of it, Property or any
<br />17, Transfer of the Property or a 1leneficial Interest in Borrower. If all or any part
<br />uanslened and Bur 111`1 1s nol ,i natural
<br />interest ire 11 is sold or transferred (or if a heneficial interest ill Borrower Is sold ill'
<br />Lender's prior written consent, Lender ma), al its option, rcgutc Inlnlcdlatc payinenl n1 full of all sums
<br />%e' 1% IN
<br />person) without pft1111h11cd
<br />secured by this Seeurity instrument. Ilowoer, till% option %hall Ill» he' e'xelel%t'd h\ LCIIdCf If e'xe'rl'I
<br />federal law a% of the date oft his Security Instrument.
<br />If Lender exer6SCS OnS ()pilot), Lender shall gi%c Borrower illk lull. i lie notice shall IlllN file ,I period
<br />:III sums secured by
<br />of nlrl test, than 30 days from the date the notice is delivered or mailed wlilnn v\ hick florio"er must pay
<br />lit de expiration of lhl♦ pCrl(uh I t'lldCf Ind\ lll\I,kC ally
<br />this Security lll%trllinellt. If Borrower fails t(1 pa)' lllel.0 "I'll's pYm,r
<br />by this Sccurily Instrument without further uouce or demand on Horrowcl
<br />Bo"owel shall have the right to have
<br />remedies permitted
<br />18, Borrower's Right to Reinstate. If 110M)"cr meets certain cond11tons,
<br />Insirurrienl discontinued at any little pntll to the citi'llef of: (a) S da\%tor such tdhet period ilk
<br />enforcement of this Security
<br />pplicable law May specify for reinsluictilent) before sale of the Pt,lpelty pill ilia 111 Ill ;illy p11R of t f s;llc C„tl Lllllt'll II' Ill'
<br />this Secunty ILstrunu'nt I how "'Ilditl lls :ur that Born %%vt
<br />LSecurity Inslrunenl; or (b) entry (,fit judgn'ent cufolr'ng
<br />Lender all sums "llleh thell would tic this finder Ihls lecurlly IINisto 111 lllt;lld 111t. % 1`I oll 11.1dn l fit,
<br />(a) t') ll UlY111g11t 111`
<br />-' '
<br />is
<br />pay,,
<br />, rein -red: (h) 1111`0 itn)' dl'fin,II lif :Illy (It her tall %el la it t% 1)1 agreernen I%: (e1 � I
<br />atlornrys• feet, and fd) take% %11.11 aatoll a% I rndcl nnl}
<br />Secunty Insuunlcn), »lcludinl,, bill not Innlicd tit, reasonable
<br />[flat the he'll of 1111% til'4'llrlly instru111e111, 1 ellder ', rll!u m In 1111 PI„pell\ alld Ill tf (,� \ \il %
<br />1,\
<br />�
<br />reiisonithly feq Lire' to assilfe
<br />obhg,altoh 111 pa, the %11111% %ec•llre(1 lf1 Ill% Sectinly Illsiltlllielll %i all iol,111111, ill It 11,,11 }lift ) ),,,II Il'lll�lall t'll1i 111
<br />(1111 rite, II\r .1 It n„ .n „'Ir,,lll., l 11,1:1
<br />llon„"rl, fill,, Secunty Imtl11n11.111 and the I,11IlgJJltnl%%re11lt11 Iletrtn ,halt lcnlalu
<br />A Ill lilr,'I”' ,,t ,�tilrl,u l�Ill 111 1, lr( �,Jl d1'l.l �,h� l r,ll I'
<br />it Ul((,'cf IItIN I'Acl, till', IlglIl 111 rr111 %l all' %lull) Ilfll all {,
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