|
85" 00618
<br />If Lender required mortgage insurance as it condition of making the loan secured by this Security instrument,
<br />Borrower shall pay tile Premiums required to maintain the insurance in effect until such little as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicable law.
<br />S, Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor 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, are hereby
<br />assigned and shall he paid to Lender.
<br />lit the event of a total taking of the Property, the proceed, ,hall he applied 1)l the suns secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. In tilt event of if 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 ilnnlediatcly
<br />before the taking, dictded by I h) the fair market value of the Property munediately 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 dale 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 Sean•ity lnstrunlent, 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 nwnthly payments referred to in paragraphs I and 7 or change the arnount of such pay relents
<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 hl
<br />interest of Borrower shall not operate to release the liability (If-the original Borrower or Borrow'er's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend nnle for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument hi, reason of any demand rcade
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender ill exercising any right or rernedv
<br />shall not he a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. 1 he covenants and agreements of
<br />this Security Instrument shall bind and henetit the successors and assign, of Lender and Borrower, subject to 1 he pro%islons
<br />of paragraph 17. Borrower's covenants and agreements shall hcloint and seecraf Ali\ Borrower %%ho c(1- sign, this 5ecunly
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage ;;rani and comcy
<br />that Borrower's interest in tilt Property under the terns of this Sccuruy Instrument (h) is not personally ohhgated it, pay
<br />the suns secured by this Secunt% Instrument: and Pet agrees that Lender and any oihcr Borrower may agree to extend.
<br />modify. forbear or make any accommodations with regard to the terms of this Security Insirmnenl or life \,lie without
<br />that &,rrowcr'sconsent.
<br />12. Loan Charges. If the loan secured by this Sccuruy lnstrunlent Is suh)ect Io a lall Much ,cis nlaxunuln lo.in
<br />charges. and that law is finally Interpreted so that Ilse interest or other loan :barges 1:011 fed or to he :oII"lCti !n
<br />connection with the loan exceed the permitted limits. then: (a) any such loam charge shall he reduced by the :unount
<br />necessary to reduce the charge u, the permitted Until: and (b) any Sit rns already cotlecied tionl Borrower which e \cCedrd
<br />permitted limits will he refunded u, Borrower. Lander play choose• to (mike rills refund by r.cluc!ng the pflocipai ,1wetl
<br />under the Note or by making it direct payment to Borrower. Ifa refund reduces principal, tilt• reduction will he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If en11CMICnl or ,•\plratlon 111 A[)I1hcahlc laws has file Abet'! Of
<br />rendering any provision of the Melt or Iflls 5e'cum% Instrument unciuoretahlc au,,ldln� It' !I, it'i lll,. I ciltic!. .It
<br />may require Ilnntedlalt: naytllcut m full of itll sum` recuicd by Hut, tics :inn Insllllllll ll ,11(1 alai, rmol,c stn) Icnicllles
<br />permitted h} paragraph IA). 11' Lcmicr exercises flits option, Lender shall take the ,tops ,peMicd In th,• second paragraph M'
<br />paragraph f7
<br />14. sluices. Arl\ iwij,c 1,, Borrower pros ided lot It: this Se-mll hNflIMICllt ,hall hV Clit fl b\ dell \CrII1P It Of i'l
<br />malhng It by first class mall unless apphrlble law requires use of anolhct ntcih„d the m,1).. sh;l!i he ditc,icd to the
<br />Ptoprriy Address c,r any other address Borrower dcslgnales by nowt I„ L,n,icl :fin} 1-11CC :, i.emll•! .)tall he _r\cn 1»
<br />first class mad to Lender', acicir", ,tared herein or any other address f ender dcs!gt1311-1 by police to HlIril+wef Afl1 nos. c•
<br />provided for 1n tills security ln,trlunettt shall he eic•enleci Io ha\e heen gl\cn lit liormwef of 1 ender ,then lalcn ,,s ptulllied
<br />nl rill, paragraph.
<br />IS. Governing Lui4; Severabiiily. I'In, Security Inslrtunenl ,hall he t —ci nett h\ 1d i.,1 Lm mid the 1.11\ .,t the
<br />tunsdictt :m ill wht:h the Property Is located. In the eccnl that any pri,\I,nm nl l lansc Of fills Sccunty Instlen!rnl 01 the
<br />N6/feconflicrs %$fit applwahle law, such conflict shall not affect „Iflcr pfo%lsl,lrl,,,f 1111, `t'llll;li Ill,tlulfll!11 „r the \,'ie
<br />whwh tail lie gncn effect wilhltul Tile coo ficling prey i,ioll. I,f till, elld Ire (alt,\ isl„11, „I till, \,'c VIII\ lif,1111111\Ill ;,till the
<br />NOIC are deehrrcd to he VtlerahlA'
<br />16. MrrowerN Cups. liorn,wer shall he giten life o'll1wfnrd tot,, „f fill' V, IC .uuf 11 till, set uult In,u unl, 111
<br />17. Transfer of the Property or a Beneficial Interest in 1{urrnwcr. 11 .ail ,- tun I1.nt A file I'i „i,crl, „I .w;
<br />IntaVe,l Ira n is sold of transferred (or Il'a helle!ticnd 1111viesl Ill Borrower I, „ltd 111 {Llf„t('I lt'li .IliAl l'io1l„wt r ;, n.,r .1 1),1111Id1
<br />I-KJ'A,tt) Nltholil Leltdef', pfll,r iirlllen c"llwill, Lender Ina: , ;11 its „pt1,1I1, I'e•Afiill t' lt!Ilnl',it,lli 1,.I \:Ilctll Ill fill! ,-I .ill ,ll+il,
<br />sutured by tills sceurlli, Instfullle•lll. Iit1 \ACI.cl, Ihl, ofilll,rl shall 11"t ti e'.el'iscd h\ i llldct 11 ,'\c1:1,c I, ;,1 ,1;11,11,-4 I,\
<br />federal law as oft lie (late (ift Ills 5ecurih Imfrunuvll.
<br />It' Lender Cxviclsys IIlls ('111),111. Lender shall glxe Bornoect ru,ucc of ar cicr.+u,1n III, n, +I I, r 11101!
<br />I/1 f1f,t ley, than 30da)%front 111e I,h1Ie' fill: Millet' I,dCh \eyed Or malll'd i \Illini whith li„ II,1 \icl Ilmst lm, ,In ,111;! ,it IIlc,! b\
<br />tfil> 5el ltf try Imlitlrrletll if Borrower fall, to pay ihe- ,C',unl, prIot I(, Ilac't'x 111 f:111, +I1 „t fhls pc•i1 „d, 11'lidcr In.fi m%.,kc.m1
<br />rcmcche+pernultceihy Ihl,sicurply lil,ttllllletll wllhllnt inrihttt IIOIICC „t doll :llld „Il B„Illlwel
<br />I& Borrower'ti Right to Reinstate. If Borrower facets tenant condition,. Bollowcl ,hall hale Oil, rli II (11 hale
<br />en(tort;crno41 ref lfa{,`e'C'Ilflly lfl,tfutrient dlsconllllucd at ;111I, little prillt Ill till' ,'.oht'I„t t.1)''i gal,, 1+1,11,11 ;IliI I,,IIII+i .1,
<br />apple: able law may spCelfy fin Icifi,l.ncinenl) h04,1V sale of the I'l(llmll I,nlsn,,n! I, m If ,d, t, :,!.1111 „1 n; 1i-,
<br />5ceurnly Iii,fruntenl, nl fill ("NW, of I fudenu'nt cnfolctng Ihts St., 11111\ lu,nnlu, III I fl „s, „,mh!I, n, .n. '11.11 It „'I -w,,
<br />L
<br />.
<br />poll p.lys I?11def ,Ill ,Intl, w111C11 Ihell t%"Illd he dal,: ulldl'I tlll, ',e, 11f 111 11,,I111111, :Ill ,tlltl 111, `,�!, h.,„ n,, I... It l.Ipl„11
<br />,. o_'c'.ii l't'd, fill enre, ally do -hull 111 ,IIIi 11thrt Nu lac immi`, ,r1 , 11!!1,'i till' 111 I, 1 p,l \, 111 l ". 11,t', It1, III t t.! III -'I'll III' 1111,
<br />stt,�utify lnstrumi•nt, tiltluililir. huh not Illrlocd lo. 1 1;1,1g1ahi .1Ih,IIll i, it,s .111d , II !.;kc. ',If, 11 I• a w .n I cn,1r1 ells\
<br />nsturebl) fegllllr 11, assulr that the IOCII It Ihps til( ulll) Instnnntlit, I rntlu Lull!: lit •h• 1'I '1a11i .Intl It ,'I,- ,
<br />in
<br />,.rh11'pidl31,11 I'' 11:1, the ,lif11, ,C' Ill 1-d hl 1111, sI :t111it% In,lI wl, III .l!.,I1 •1111!,,1,. � 1:11 111.011 C 11 n 11! 111
<br />li,nt,w+ r tIll > Sc, a 1 In,n lnn,. ill "Il f ail: I, ill w, tit I J, r, hl .f; :i, !T 111 .., ., 1 „, Ic -1 1' •,n !l h'
<br />It, .,.y;.,, Ih�.!li;h,,,Irnl,l,ll, '11.111 11.11 ,. '.h, I,. it 1. I
<br />
|