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85--- 005361'
<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 />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 ofany 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 hcrebv
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds ,hall he applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrow er. 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 Insinimew shall he reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amourtt of the ,urns 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 i he notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either io restoration or repair of the Property or
<br />to the sums secured by this S*Lunty 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 />pcxtpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of stick paymems.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of file time for payment III-
<br />modification of amortization of the 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 in interest.
<br />Lender shall not he 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 ofor preclude the exercise of any right or remedy.
<br />11. Succenars sod Assigns Bound; Joint and Several Liability; Co- signers. The cmenams and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Ixnder and Borrower, subject to i he prin isions
<br />ofparagraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Securny
<br />Instrument but does not execute the Note: (a) is co- signing this Securin Instrument only it, mortgage. grant and comes
<br />that Borrower's interest in the Prol env under the terms of this Security Instrument (b) I, no: perstmally obligated to pay
<br />the sums secured by this Security Instrument: and (c) agrees that Lender and any other llormuer ma_, agree in extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrumem or the Note without
<br />that Borrower's consent.
<br />12. I. mni Charges. If the loan secured by this Secunty Instrument is subject to a ]au which sets maximum Juan
<br />charges• and that law is finally interpreted so that the interesl or other loan charge, collected or t" he collected m
<br />connection with the loan exceed the permitted limits, then: (a) any Such loan charge ,hail he reduced ivy file anlount
<br />necessar-, to reduce the charge to the permitted limit: and ib) any sums alread% collccted from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make • is refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. if a refund reduces pnncipai. The reduction will be treated a, a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applwahle law, ha; the effect it
<br />rendering any provision of the Note or flits Security Instrument unenforceable according u, n, terms. Lender, al i1, opf ton.
<br />may require immediate payment in full of all sums secured by this Secant% Instrument and may imoke any' remedies
<br />permitted by paragraph N. If Lender exercises this option. Lender shall take the steps speciticd 111 file second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Boirrower provided for in thL% Security Instrument shall he green by dch%cring it or he
<br />mailing it by first class mail unless applicable law requires use of another method. The Holier shall be directed io file
<br />Property Address or any other address Borrower designates by notice to Lender. Am police to 1_ender shall he green by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Arty notice
<br />provided form this Security Instrument shall be deemed to have been given to Borrowe* or Lcndcr uhcn given :is provided
<br />in this paragraph.
<br />15. Governing Law: Severability. This Securiry Instrument ,hall he govcrTlcd by federal lau and the is vv of the
<br />jurisdiction tit which the Propert, is located. In the event that any pmvi,i<n1 or ;faux rd this Secunty Instrument or the
<br />Note conflicts with applicable ]a%, such conflict shall not affect other provisions of fins Security Instrument ur file Note
<br />which can he given effect without the conflicting provision. To this end the provisions of thi, Security Instrument and for
<br />Note are declared to he severable.
<br />16. Borrower's Copy. Borroucr ,hall he given one conformed copy of the ti1.fc and o:f ihi, Security In,trunwnf.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of file Properly or any
<br />interest in it is sold (ir transferred (or if a beneficial interest th Borrower is sold or tramferred and Borrower as not it natural
<br />petsoml without Lender's prior Arilien vonsenr. Lender may, at its option. require immediate nartncni m full of all sum,
<br />soured by this Security Instrument. However. this option shall not he cxcin,cd hs I_Ctider if cxrrcisc a piolijbrtc•ti by
<br />federal law asof the date of this Security Instrument.
<br />if Lender exercises this option. Lender shall gnc Borrower nonce of acceleration 'flit: notice shall pro, ide a hen, *d
<br />of not less than 30 days from the date five notice is dch%cred or mailed within winch Borrow er nin,f pay all writ „ctit e d by
<br />Ibis Security instrument. If Borrower fails to pay these sums prior to the expiration of this period. [.Crider n1,Ty Imokc af>
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower'
<br />18. Borrower't Right to Reinmate. If Blrrowcr meets certain conditions. (3irrrnucr Shall lane The tight u, h.oc
<br />enforcement of this Security ln%irument discontinued at arty time prior to the eanccr of is t 5 days our Such „tiler period a,
<br />L applicable law Ina% specify for tein,iatemcni) before sale of the Protons pursuant i.1 ail} p ucr of Salt: oontanictJ ni fill,
<br />Security Instrument. tit Ili) entry of a judgment enforcmg this Secunty lu,nvnlanf I ho,, n ixuns, .sic th:,i ltorr.,Nke-
<br />(at pay, Lender all sums whwh then would tic duc under thi, Svcurny lnstrumc•ni and the had nip 1r.cJcranlm
<br />s :recurred. flit cure+ arty default mans other covenants nr afreenlcnts (e) pay, all Cvpcn,e, 1r,cutrrd m cnf icing Ton r.
<br />'K'CUtlt% ln,ttiltrrerll. Inciudmg. boll not ]intued ti.. reasonahic :ofnrneys fee,. and (111 takes ,u:)i a.tn,n .11 plat
<br />rca +trlabty requlTC t1, assure that the Hen of thi, Securifs htstrurtiew. Lender', r =ohs. 1i: ih.' l'r ,t rr'io .111,9 f! „rr „ar,'•
<br />"igatl<m ft, t *ay f)ic Sums scoured by fill, Seiurnt 111Strurnent ,hall .nnhune unrhanp +.cd t i,,,n it'ui,t.ue 1u,1 is
<br />K f,,%Cf. lhi,>K'ttf , Iri,uumcnt and tht: „hhgnunrn ucars•d hereby shun relator 'ell, zit c•rT1e :; e, 1. t: }1,1,)
<br />t .:irf eft If t . _ . ” 11ghi 1<' Tein,)ale SlIjIJ m Iii: 6.1,1... .,, L inT1 :u
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