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<br />85-.. 005380
<br />If Lender required mortgage insurance as a condition of mailing 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 Leruler's written agreement or applicable law.
<br />:- Itstipaetioa. Lender or its agent may mane reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the lime ofor prior to an inspection specifying reasonable cause for the inspection.
<br />9. CoMhwnatifla. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other uiking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any 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 shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br />before the raking, 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 dale the notice is
<br />given. Leader is authorized io collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br />W the sums secured by this Security Instrument, whether or run then due.
<br />UnIcbs. 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 2 or change The amount of such payments.
<br />Ill. Borrower Not Releaser; Forbearance By Leader Not a Waiver. Extension of the time for payment or
<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 be required to commence proceedings against any successor in interest or refuse to extend [late for
<br />Payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of agcy demand Ride
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender Ir excrcismg any right or remody
<br />shall not be a waiver of or preclude the excrete of any right or remedy.
<br />U. Snecesafn and AtsipW Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind 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 who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the swiss secured by this Security 111blrumcnt; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify. forbear or make any accon►ntu dalions with regard to the terms of this Security instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Cbargaa. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that Law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with The loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sum! already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If it refund reduces principal, the reduction will be treated "a
<br />partial prepayment without any prepayment charge under The Note.
<br />13. Usiblatam Affecting Lender's Rights, If enactment or expiration of applicable laws has the elre:t of
<br />rendering Any plovuion of the Note or lhib Security Instrument unenforceable according to is terms, Lender, at its option,
<br />may require immediate payment m full of all sums secured by this Security (ostrurncnl and may invoi.c any remedies
<br />permitted by paragraph 19. if Lcndcr exercises this option, Lender shall lake the btejn spccdied in the second paragraph of
<br />paragraph 17.
<br />lr. Nolices. Any notice to Borrower provided for in this Security I'is'runicnn shall be given by delivering R or by
<br />loading it by first class mad unless applicable law requires use of another method. The notice shall be ducncd to the
<br />Property Address or Any other address Borrower designates by notice to lender. Any notice to Lender shall be given by
<br />arm class mad to Lender's address stated herein or any other address LendCM designates by notice to Borrower. Any notice
<br />provided for in this Security Instrumcnt shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />1S. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of toe
<br />jurisdiction in which the Property is located. In the event that any provision or clause of (his Security Instrument or the
<br />Note cxrnfhets with applicable law, such conflict shall not affect other provisions of this Security Instrument or file Note
<br />which call be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />lb, Borrower's Copy. Borrower shall he given one conformed copy of the Note and oft tits Sec unty Instrument.
<br />17. TreebW of lbe Property ur a 1leaehciad Inleresl is Borrower. If all or any part of the Propetly or ally
<br />mlerebi in it is sold ee Irataerred (or if a beneficial interest its Borrower Is mild or transferred and Borrower is not* natural
<br />persun) without Lender's prior written consent, Lender may, at its option, require immediate payment fit full of all sums
<br />secured by this Security Instrument. However, this option shall not be exercised by lender of exercise is prohibited by
<br />federal law as of ore date of this Sm -unly InslrurrcnT,
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide A peruld
<br />of not less than 30days from the dale the notice is delivered or mailed wdhm which Borrower nluat pay all sums secured by
<br />this Security Instrument. if Borrower foils to pay these sums prior to the expiration of this perlud, Lender may invoke any
<br />remedies permitted by this Security Instrument without further nutlet or demand on Borrower. "
<br />18. Borrower's Right to Reinstate. If Burrower mee[s certain canidilums, fk)rruwcr shall have the right Rt have
<br />enforcement of this Security Instrument chxonlinued at any little prior to tic earlier of: (a) 5 days (or such other period as '
<br />applicable law fully specify for reinstatement) before sale of the Property pursuan[ to any power of sale conlamed Ill Ihns
<br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. I hose conch was are that Borrower.
<br />(ad pays Lender all suns which then would be due under this Security Instrumcnt and the Note had no acceleration �r,
<br />^currrd; (b) cures any default of any lMtlnCr COVCIIaIIIm or agfCCRlClllm, (rj pays all cxllrnscs incurred in enforcing this cry
<br />Security lnsirunncul, Including, but not libuttd tit, fCASonahle attorneys' Ices, And (d) takes such action as Lender ivay w.
<br />reassembly reyulrt to assure that the lieu of tilts Security Instrunocin, Lender's rights nI the Properly and llotrowcr's
<br />obingatien► to pay the sunns secured by this Security Instrcunem shall scup me uuthwlged UJAIII rcuistaicnieul by
<br />lk,rrowcr, the Sccurrry Inslrunient And the obhgatiuns secured hereby shall rrm,un fully rlfernisr ;n It nu MA VIrrAtloii had
<br />. %--u led 11-Atu•1.IhH ilplll lit lrin,l,,lt. hall 1„n ripply ui tilt'aw 4v,.rltImwl. im.lrr
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