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85-- 005895
<br />t 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 nuuntam the insurance in effbct until such titer as the requirement for the
<br />insurance terminates in acA wdatta with Horrower'►and Lender's written agreement or applicable law.
<br />& iayaetW& Lender or its agent may make reasonable entries upon and inspections of the Property. Leader
<br />"I give Hwrower notice at the time of or pew to an inspection specifying reasonable cause for the impaction.
<br />9. Candametiaa The prooaeds of any award or claim for damages. direct or consequential, in connection with
<br />any caidemrtat►ori or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assignai and shall be paid to Lender.
<br />la 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 tcuaf amount of the sums secured immediately
<br />before the taking, divided by {'b) the fair market value of the Property imnscdissidy 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 Horrowcr that the condemnor offers to
<br />male an award or setIk a chum for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Larder is authorized to collect and apply the proceeds, at tit opt 1011, elf her to restoration or repair of the Property or
<br />to the aims secured by this Sa urrty Instrument, whether or not that due.
<br />llnkss Leader and borrower otherwise agree in writing, any application of proceeds to pnncipad shall not extend or
<br />postpon the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Harrower Not ReWisel; Forhearaace by Lewder Not as 'Waiver_ Extension of the time for payment or
<br />tAadification of amlmizaturn of the sums secured by this Secunty Instrument granted by Lender to any successor to
<br />maerest of Borrower shrill act upuate to release the liabday of the original Borrower or Borrower's kiccesurr to interest.
<br />Lander "I not be required to commence proceedings against any succeswr to interest or refuse to extard time for
<br />payment or otherwise modify amoruzaturn of the sums secured by this Security Instrument by reason of any demand made
<br />by the ruagmal Borrower or Borrower's successor in imermt. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercbC of any right or randy.
<br />11. Srccesion ad Awirytg Hewtalg; Jeerer aid Several Li"Wly; Co-miltners. The covenants and agreements of
<br />this Security Instrument shall band and bandit the successors and assigus of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covcfantb and agrexmentb shall be joint and several. Any Borrower who co-signs this Secunty
<br />Instrument but does not eae:ute the Note: la) its co- signing thus Security Instrument truly to mortgage, grant and convey
<br />that burrower '3. intacrit in the Progrcrly under the terms of this Security Instrument, (b) is not personally obligated to pay
<br />the suun wx;urexd by this Security Inbiruutcal; and (c) agrees that Lender and any other Borrower nay agro c to CILCIA,
<br />aludtfy, forbear or make any accommodations with regard to the terms of this Security lustrumeu of the Note without
<br />that lforrower's consent.
<br />U. LwtaClnrW. [false loan secured by this Security Instrument is subject toe law which sets maximum loan
<br />charges, and that law is finally interpreted bo that the interest or other loran charges collected or to be urliccted in
<br />connection with the kit► exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amnoutil
<br />necessaty to reduce the charge to the permitted itnut; and (b) any sums tilrcady collected from Borrower which exceeded
<br />penoutisd limits wall be rclunded to borrower. Lender may choose to make thb refund by reducing the principal owed
<br />under the Now or by caking a direct payment to Borrower. If a refund reduce& principal, the reduction well be treated as a
<br />pu ltal prepayment without airy prepayment .charge under tire Note.
<br />13. Legyslrtiw Affactawy Len&r's Wow. If CIWImCnt or exptrauon of applicable laws has the effect of
<br />rendcrmg any provision of th►e Note or ;her Security Instrument unenfUlCrablc a,r:oWing w its terms, Lender, at Jib option,
<br />may require immediate payrrrcut err lull of all sums SMUIC43 by this Security lnalrunicne and pray awoke any rerricdreb
<br />permitted by paragraph 19. If Lender cxcrciscs tills option, Lender stall lake the stclib spc:drCd en the smuud paragraph of
<br />paragraph 17
<br />14. Nutscm. Any nonce w Borrower provided for fir ohm Sccunty. Instrunent sliall ter gtvrn by dcltscrtng it or by
<br />nailing it by first chess read unless apgthcable law rcyurrcb use of anoehcr method The noliLv shall be dactecd lit m)ie
<br />Prupeny Address or Any other address Borrower designates by notuz to Lender Any uoticc to Lender shall be given by
<br />first class mail to L.emder's address stated herein or any other address Lender dcsignaacs by nulls to Borrower Any notice
<br />provided for to this Security Instrument shall he deemed to have been given to Wi rower err Lender when gtvcn as provided
<br />in this paragraph
<br />15. fivaxnilyf Lae; Severabibty. This Security lnstrusncut -.fill tic goicrned by fcdrral law and the law of the
<br />junsfdwtion to which the Property a located. !n the event that any proviswn err clause of this Jclunty lustrutacn: of Il)e
<br />Note confuter will) applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which cart be given cf eel without the conflicting pruvtaton. 7o this end Hie provuruns of this Security Instrument and the
<br />Note are declared to be severable .
<br />14. fiurrissavesGegy. Burrower shall he given one conformead copy of the Note lad tit thb Security Inssrumatt.
<br />17. Transfer of the Properly err a ikweficial Interest to 1kirruwer. It all err any part of Hie Property or any
<br />interest In it is teuld of transferral for if it beneficial tsNeesT al Borrower is sold or transferred and Burrower is not a natural
<br />peroa) without Lender's prior written consent, Lender may, at ens option, require immediate payment m full Of all sums
<br />secured by this Security Instrument liowever, this option shall not be exercised by Lender d exercise is prohibited by
<br />federal law as of Hie date ul t his Sccunm y lnstrumeni
<br />If Lender exercises tilts option, Lender shall give Borferwrr nuttce of accrlciation 1 he notice shall provide a pcnud
<br />Of INN firs than 30days Iron- The dale the notice b delivered of flailed within which Kartewer roues pay elf suits-. smurcd by
<br />this Security Instrument It Burrowet fads to pry these sums prior to the cxparation of this tented, Louder may nllt4w any
<br />remedies permitted by this Security Instrument without further nuttce Of demand ern Wlrrowcr
<br />11. hisrrower's Right to kessimatc. If hortuwer meets certain LtIMA1111nnl, hm:owcr .halt hasc the right ni have
<br />Cnforcenient of Thrs Securely lrbtrunrent dtscoNtsnited at any little prior To the cos her of (a) S days (tit such other (irruld as
<br />applicatrk law may 1prcily leaf felrbaplCtne'hlt befoie lair tit the Property pursuma to airy ptiwef of sale vonlaiocd to Ihrs
<br />Jet-utrty Inorumenl, cN (h) Cliff of if ludgrneol rofofcatK the Jaunty lU -.1ruI11enI I hose tondnax►s ate that Ilurrovrer
<br />(a) pays Lrrldef all sufus +shah then would be due under this Sttiurrty Instrunirnt and the Notr had tut aicrlrrauon
<br />'0A.eurrrJ, it's .tires any dclauh of errs ,ahrr u,vrnants nr agfccfncntn e,f pay% all ra;rrnscs tn,urred rn rnf+ntIng this
<br />Security {mtriirnrul, Intludwg, but tills hnnaW lea, tcas„nabir all,fnieys' Ire+. and lot taA('s suit action as 1 rndr•r tray
<br />1Cas,rfral>I) rryulre co assure that the Iirn tit 014l'WCU1.1y Insirur kill. I oader's tiglits its site Piolmil) and li,utuwrr s
<br />irtrhg.atr.m to I,ar the 'Ulfrs W..tuud l)) lies lrturily IrtlUutitrer) -.hall ,w:uriur un..hai:grd 11-j! trur.talrsurnt s,)
<br />hsr.,rrnv rr, rhro Sr. Wert Inatrunles's ail Ifae :,h1ig4iwiv,.vturr,j ticret,y steall r n:.un tulle rt1e, s,.r .:, rl m: +a„ rsrlau,,u hail
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