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it 85-- 005105
<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 />IL 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 w ih
<br />am+ condemnation or other taking of any pan of the Property. or for conveyance in lieu of condemnation. are hereby
<br />a -wgned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall he applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the evrm of a partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall lie reduced by
<br />the amount of the proceeds multiplied by the following fraction: (ot) the total amount of the sums secured immediately
<br />before the taking, divided by N t11e fair market value of the Properly immediately before the taking. Any balance shall he
<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 ?0 day's after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to reslorition or repair of the Property or
<br />to the sums secured b% 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'_ or change the amount of such payments.
<br />110. Borrower 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 b% Lender ro an% successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor, 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 oaf any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance be Lender to exercising am rght or remedy
<br />shall not be 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 cotenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borroxii er. ubteel to file pro%wons
<br />of paragraph 1 1. Borrow'er's covenants and agreements shall be joint and set eras- Am Borrower w ho co -Signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument nnh u, mortgage, grant and ,orl%e%
<br />that Borrower's interest in the Property under the terms of this Security Instrument: I hi is not personaily obligated to pay
<br />the SUMS secured by this Security Instrument: and (c) agrees that Lender and am other Borrower may .agree tie ex :end.
<br />modify, forbear or make any accommodations with regard to the terms of ifn,s Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. [Am Charges. If the loan secured by this Security Instrument is subject fL, a law wh:cli sets maximum loan
<br />:barges, and that law is finally interpreted So that the interest :,r other loan charccs collected or to he collected in
<br />ormection with the loan exceed the permitted limns. then. (a) .any such Loan .harce hall be TVdtatctl by the ai1101alt
<br />aecesuan to reduce the charge to the permitted limit: and !h) any sums already collected from Borrr,wer tcl - h ., eeded
<br />permitted limits will be refunded to Borrower. Lender may chorne rnaki this refund by reducing the prmap.al ;aged
<br />under the Note orb,. making a direct payment tit Borrower. !fa refund reduce, principal, the reduction will he treated :i1 n
<br />partial prepayment without any prepayment charge under the Note.
<br />13. legislation Affecting. Lender's Rights. If enactment or cxpiranon of applicable laws has the eff-I `1
<br />rendering anti pro-. lion of the Noic or this Security Instrument urirnforec ahlc icc rifinc i Ii its terms. Linder, ;o us a>pimn.
<br />may require Immediate payment in full of all sums secured by ill's Security Instrument and may Intoi,e at,% rcntedres
<br />permitted by paragraph IQ. If Lender exercises this option. Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. 'notices. Any nonce to Borrower prat ided for 111 1111, SeC.Irtty Inllrtnment shall he Coen h5 dcht inng 1t or hr
<br />mailing it by first class mad unless applicable law requires uw of another ineihod i he nol . :c *hall ire detected to the
<br />Property Addre" or any other address Horrower designates by notice it, Lender. Any noliec to Lender shall he gatcn by
<br />first class mail to Lender•% address stated herein or any other address l ender dt•sigraaics by notice to. K,rrt wcr Any n,tict•
<br />provided for in tins Security Instrument shall he deemed io hate he'in given t,, Borrower or lender when given as plo -dcd
<br />in this paragraph.
<br />15. Goveroiag law: Severability. I tits SccurW, lnstruntenl snail he =retried ht frdcral i;aw and the law „! !hu
<br />tarisdiction it, which the Property is located. In the etcnt that any protisloll of 'I'ruse of this Sccunq ]ristrunicni ,.,r Ow
<br />Note conflicts with applicable law, such conflict shall not affect raper prat rsua:ts of till, Se, uruy Instrument :=r the \r+Ic
<br />w htch ran he giyea efTecrt %11110111 the conflicting pruytlaon. 1:, this end the pr,,% i,wnsof tin, Seeurrn Instrument .an,; ! h,
<br />Ntae are declared to hr scscruble.
<br />16. Borrower's Cop). Rol o%cr Shall lie giten unr., +nf.,rniid cr ;,ti of the N+gc.Ind of this '�ccuutl Illstrlin :rIll
<br />17. Transfer of the Propertt, or a Beneficial ltnerest in Worruwer. If :III „r an.. ,+i the 1'r +pcny
<br />mtcrc, t frill I's oldorsransfcrnzdhlrlfahenefirlalwterruuil3+. rmwr.+ s1+• )d,„it.n+aetrrot :n :iltl +ri,ntcr rn- ter. :a;ulei
<br />perswo without Lender's prior written consent. Lender may. at its +:pttrlr.. require nnnrediatr payment nt bill of .Ill sums
<br />secured ht flits Security Instrument. Flowerer, this upturn 111:111 IWI he cw"I'rJ !',t Lcndcr it'vwrow is pt +:hif+tted h}
<br />federal law as oflhe Bete o!'tlus Slccurtty lnsirurtteut.
<br />if Lender' exercises ahts option, Lender shall gttc Burrnser 11ouce of aeit'i13,111 11 7 ill, n,lttcc shall pro. rlt
<br />dirt less ihati Ytdays from the date the notice :S dclrtcrcd or itaa:ie 9 .0101111 w lilt li 1110V.,suer 111 :ISt;,ay ell .unl, sr, :uelI by
<br />this Secuay Insirtatncrut. If Kniower fails ii, pay these sums peak, t, the cxprf:ari, +n If this p,tr,d. I endo m,at ill—kc :tin
<br />(cmt,diespermitted h4 tht,Securlty itiltrumtnt wllhout lunht'i motile. +,i dcruand r•n liorr.,wer
<br />1K. Borrower's Blight to Reimtate. It W,fro,40 [fleets ririani : +,ndlU :pas. Norrowcr shall hate tlic richl I hjnr
<br />crifortcntetal of this Sriority lustrunwnt dis om'snucd at any tent• prna it +till ..o hc• ,. +f tot) � +1,Iy1 r. I tit h +nccl pen v :.t1
<br />L alpo ahlc law slay s1 ci(y !',I r11ns!atcrauatt hth tt ale t >1 th 1 q, it I +ar n t I•n ttr + f I tit : ,I,
<br />Si urlty '.;•
<br />tnsu alt ern. n ill) elor" ,f a jil fi nutlt rl,f r n t rt1+s ♦ r :+n t 1 :n,i I t + 8 + u r 1
<br />44t pa)< l •.iidct all sums %hic3t .hen w< u1.1 #W dur . under tlnl SV• IJrIIY Imv.. nr...+n11 • ?.r N� ,t r,e;l +„ +ei.••.• I+
<br />unc11 tor+, ant atclatil + ;:n) +,.ijBr .s,t rn :n+t v ,I }r:1 rot: nl• (•Sall .+ 1 1,.1, r1r, a ,. In
<br />1e.�uruti lt,s=,Iinllcnt_ V^,hjditif. },iii rn�t hilpIcd h .. :.� v,.aYir +tt =n !rz, 1n,s r tl,rs •Surf= a.�+ +.+ t : +;.1ct a,.,t
<br />tra''�••Ia$:1. rt�ilrr, t+ a <,ur +.. Olaf .ht: ;nett „1 II)IS '11,. ,cat
<br />,.... t1. .,_ . i �,'_ . •.1; .., , :.. .nil +„ , ... .. . __.. '
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