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85-0061611
<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 wail 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 of any 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, arc hereby
<br />assigned and shall be paid to Lender.
<br />In the event of it 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 it 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: (u) the total amount of the sums secured nnmediatcly
<br />Wore the taking, divided 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 [.ender 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 of the Property or
<br />to the sums secured by 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 2 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 anv successor ill
<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 iv' extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any dernand made
<br />by theoriginal Borrower or Borrower's successors in interest. Any fimrbearancc by Lcndcr m exercising any right 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 covenant, and agreement. of
<br />this Security Instrument shall hind 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 Burrower 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: (hl is not personally obligated 14, pay
<br />the sums secured by this Secunq instrument: and (c) .agrees that Lender and any other Borrower may agree to cstcnd.
<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 it) a law %%Inc•h .cis maximum boas
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected ,r to he collected n
<br />connection with the loan exceed the permitted limits. then: (a) any such loan charge shall he reduced by the amount
<br />necessary 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 w make this refund by reducing the principal nwcd
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, file reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. legislation Affecting Lender's Rights. If enactment or expiruion of applicable laws has the etlict of
<br />rendering any provision of the Note or This Security Instrument unenforceable according to m% terms. I.cnder..d us Option,
<br />may require immediate payment us full of all sums securest by this Security Instrument and may Invoke any renmcdmes
<br />permitted by paragraph 19. if Lender exercises this option, Lender shall take the steps specified tit the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any nonce it) Borrower provided for um this Security Instrument shall be given by dch%crng if or by
<br />mailing it by first class mail ;finless applicable law requires use of another method. The notice shall he directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to lender shall be given by
<br />first class mail to Lender's address stated herein or any tither address Lender designates by notice to Borrower. Any notice
<br />provided form this Security Instrument stall he deemed to have been given ]u Borrower or i.ender when given as provided
<br />in this paragraph.
<br />15. Governing law; Severability. fhis Security Instrument shall he governed by federal law and the haw .,I tilt•
<br />jurisdiction in which the Property is located. in the event that any provision or clause of tills Security hisiminew of the
<br />Note conflicts with applicable law, such conflict shall not aflcct other provisions of this Security lnsirunent or the Note
<br />which call be given effect without the conflicting provision. l'o this end the provisions of tins Scrurmy Instrument and file
<br />Note are declared to he severable.
<br />16. Borrower's Copy. Borrower shall be given one confornied copy of the N 'te and of ibis �eeurtly Insu unx nt
<br />17. Transfer of the Property or a Beneficial interest in Borrower. II' all or any part tit file Property or an%
<br />niterost in it issuld or transferred for ifa beneficial interest m1-- Borrower is sold or itansferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at u% option, require nnnmcdtamc pity nment In full of all Stan]%
<br />secured by this Security Instrument, ilowever, this option shall not Ix cxcicisecl by Lender 11' exercise is ptohihned 1n
<br />Iederal law as of the date of flits SLcurity Instrument.
<br />If Lender excroixs this option, Lender shall give Borrower nonce of accelerallon I he mimics shall prcn fide ,a period
<br />of flirt less than 30days from the date the notice t%delivered or nailed %%']fhb] which Borrower :must pay ill Sums std urcd by
<br />this Security Instrument. if Borrower fail,. to pay these .urns prior to the expiration of ibis period. I cndcr nay smoke any
<br />remedies perntilted by this Security Instrument without further nolicc tar demand on Borrower
<br />18. IlorrowerN Right to Reinstate. If Borrower meet% certanm conditions, liol Itmel %hall have the right to have
<br />enfurccmcnf of fhis Security Instrument discontinued at any tune prior to the eancct of Of S days tot %uch other period a%
<br />L applicable law stay specify for fe111%Wlvinclll) before sale of the Prn,periy 1,111 %rant I,, dlly 1,1,wer of %tdc unu,nnCd In till'
<br />5ccurny In%irurnent. or (h) cnt.ry of a )ta YMICIIt enforcing Iles Sccurdy In%irum,•nf I how rondmn,ll% arc lhal liana el
<br />la) pays Lender all %ulm, which Then would he due under flu% SccuI'll) Ifl%II'IIIIIVIII ,laid 1111- lots had nn :accelcretion
<br />occurred, 4111 ;:ure% ism default of any other covenant% .n .lgrecmcnt%, i1-) pay% all cx1,rnuS incurred Ol rnforcilly this f1-
<br />Sc<urify 101I111rnCIII, ulcludling, hill 11111 IIII1IICLI lo, ICa%r,nallh' alhrrn(-yS fcc% and W) lakc, %101 acil,m a% I cndct stay
<br />n ;isou.thfy frqulrc t„ as%urc Ilial The lien o) [Ins Scuu'nt InStrunmcnl, I rndcl'S nghl% In 111r V1.11'clh an,l 11011invrt %
<br />t,, pa} lit(' Seal% %rolled by till% Se.ur'n% Immanent %h.11l "aiunuc onr11•111crd I I-a, lrn,St,urna-nt 111
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