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85--005990
<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 Borrowers 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 with
<br />any condemnation or other taking 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 he 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 taking, dt%ided by (b) the fair market value of the Property 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 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair (if the Property or
<br />to the sums secured by this Seecurity 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 />10. 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 by Lender to any successor in
<br />interest of Borrower shalt not operate to release the liability of the original Borrower or Borrower's successors in imerest.
<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 of or preclude the exercise of any right or remedy.
<br />11. Saeoeswxs and Assigns 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 -%tens 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 Borrowers interest in . e Property under the terms of this Security Instrument. (b) is not personally obligated to pay
<br />the sums secured by this Security instrument: and (c) agrees that Lender and any other Bornmer may agree to extend.
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. 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 charge% collected or to he collected in
<br />connection with the loan exceed the permitted limits. then: (a) any such loan charge shall he reduced by the amount
<br />necessan• to reduce the charge to the permitted limit: and (h) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose u, make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower Ira refund reduces principal, the reduction will he treated as it
<br />partial prepayment without any prepayment charge under the Note.
<br />13. legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has ,tic effect of
<br />rendering any provision of the Stile or this Security Instrument unenforceable according u, n, terrns. Lender. at its option.
<br />may require immediate payment in full of all sums secured by this Security In%irutnent and Ina% in%oke any remedies
<br />permitted by paragraph 14 If Lender exercises this option. Lender shall take the steps specified of the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Sccunty Instrument shall he goon by cich%crrng it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice .!fall he directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice tat Lender %hall he gi %en by
<br />first class mail to Lender•% address stated herein or any other address Lender designate, by notice to Bin rimer. Any notice
<br />provided for in this Security Instrument shall be deemed to have been grim ul liorrowcr or Lender w hen given as provided
<br />In this paragraph.
<br />15. Governing raw; Severability. This Security Instrument shall he governed by federal la%% and the law of the
<br />jurisdiction In which the Pruperty is located. In the event that any ptinmon or clause tit this Security instrument or the
<br />Note conflicts with applicable law, such conflict shall not affect +ether provisions of this Security Instrument or file tioic
<br />which can he given effect without the conflicting provision. fo this end the provison, of till, Sccunty Instrument atnd file
<br />Kole arc declared to he severable.
<br />16. Borrower's Copy. Borrower shall he given one confirmed copy I,I the \ofe and of Ibis Scc fit ty Instrument
<br />17. Transfer or the Property or a Beneficial Interest in Borrower. it Al it any part of file i'roperty or .any
<br />mtertm in it is sold or transferred for if a beneficial interest of l4orrowet is,old of li nl,ferrcd and Borrower a nnf a natural
<br />person) withoul Lender's prior written consent. Lender may. at its option. requtc munediate payment fit full of ail sum,
<br />+ccured by this Security Inorumcnl. liouc%cr, Ibis oli mu shall not he exciowd by I ender it e%crn,c is plohlhted h_%
<br />federal law a%of the datcof this Sccunty instrument.
<br />If Lender excrcnkc% this opi son. lender shall give Burrower notice oi' acccicraunu I lie not c.11,11 Ill o%ndc .I I,er I, ,d
<br />of not less than 3U days front the date the notice i%dehvcred or loaded within which Borrower unlsf ;,a% all wins sc, wed >'y
<br />this Security Instrument. It Borrower fails to pay these %•.ems prior to file etpirauo11 .d fhr% perwd. I ctutee Isla% Iii „hc i :i,
<br />reinedte%permitted by this Security Instrurnem wit hout fruitier not nr demand nn BorntwCf.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain consist nills. 11111114 1%% %hall have the I Ili ht t:, 11x%1
<br />enfr +reenter! of Ihn Set;unr} In,trument discnnhnued al ary time print Iu the r;u her of fa) 5 days Ion such ,a het ;I, rued ::
<br />applicable law fray specify tut Icilmatefncnl l heforc %alc of the I'ropeuy I'll r%uan1 to ,n1y power A sale . •ni,nr.ed ni ih1'
<br />5tvunit iaslrunicni, nr fill alit% of if judgincut citforculg Ihts Sccunty 111%trin11eni I hn,c 1.111111110111 .u, 111,11 It an %%c1
<br />(a) pay% Lender :ill suns, which thou would he disc under fills Sceurify Insfrunuau end 111, \,ac 11.1%1 m' 1-11-1011"11
<br />occurred. th) cure% any default ,11 zany Other cO%cnanns Or agrcenicnfs h I pays ,dl rvl•rnse, u+11111rd Ir
<br />Scvtlruy In %tfunwilt. Inchlding, but nut lumted 111, re.esonahic Almne%s' fees ,111,1 id1 dal rs su�.h at.fw!: a, 1 n,1rl n1,o
<br />rtauinahly require t,� ay.utc that life Iten cif Ihn Se%unl% In %lrununt. I rn,hr t :uhf n, Ow Vfop'11, In,l
<br />„blik,afuxl t, t,,n rile.um, ,retired 11v till% I I,,.n,: ,: :•,:,� �,
<br />l {, ifrnw Y[ IhH tiCt Ufte% livotlimoll'011i lire nittl j! :IIIOII' yea lfl nil lief ciYl +tl.:i. .� �iiil•, It,, :,. .: . . •, ,., ni, !:.h'
<br />_ .r,vd If,— .• °t Ow, fIwjlt 1 ,111111 11''1 l(,(,15 I
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