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<br />84 - 006416
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<br />If lender required mongage insurance as a condition of making the loan secured'bYihis ~~'lnSt~,
<br />Borrower shall pay Ihe premiums required to maintain the insurance in elfect until such time ~,,~ ~uit~ for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or applicabHHaw. ..
<br />8. lupectioa. Lender or its agent may make reasonable entries upon and inspections of the Propeny. Lender
<br />shall gi.'e Borrower notice at the time of or prior to an inspection specifying reasonable cause for the ir.spection.
<br />9. ~. The proceeds of any aware or claim for damages, direct or consequential, in connection with
<br />any condemnation or olher taking of any pan of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to lender.
<br />III the event of a total taking of the Propeny, 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 ofa partial taking of the Property,
<br />unless Borrower and Lender olherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amounl of the proceeds multiplied by the following fraction: (a) the total amount of the sums sccun:d iImnuIiately
<br />before the taking, divided by (b) the f&lr market value of the Property immediately before the taking: Any baI8ac:e shall be
<br />paid to Borrower.
<br />If the Propeny is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor oI'ers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the datethe aotic:eis
<br />given, Lender is authorized 10 collect and apply the proceeds, at its ortion. 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 proc<<ds to principal shall not ntend 01'
<br />postpone the due date of the monthly payments referred to in Jl8raaraphs I and 2 or change the amount ofsudl ptlfmiRtl
<br />10. Borrower Not Released; ForbearHce By Leader Not a W..... Extension of the time for ..,..tor
<br />modification of amonization of the sums secured by this Security Instrument granted by Lender to uy SUCCCIIIOI' in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower'!i succesaors in iatcNIt,
<br />Lender shall not be required to commence proceedings agaInst any successor in interest or reftllle to ntsd n- tor
<br />payment or 0' ';erwise modify' amonization of the sums secured by tbis Security Instrument by reuon of uy dcmaDd'"
<br />by the ori&inal BorTower or Borrower's successors in interest, Any forbearance by Lender in exercisiag u)' riPt 01' remedy
<br />MW~ &Joe Ix ill ..ai'IQ: vi" UI I-'U;,.;uUt; i:ac ~u....x vf "I,'i-~ili, u.;, .
<br />11, SUCC_un.... Auips BoucI; JoiIIt aDd SeftI1II UUWty; Co+tipen. The covenants and apeCIIUlIts of
<br />thi.s Secunty Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the pr,"~
<br />ofparagraph 17. Borrower's covenantsand agreements shall be joint and several. Any Borrower whoco-sipa tJaisSecurity
<br />Instrument but does not execute the Note: (a) is co-sipina this Security InstTumellt only to \l1OI1pIC. gram ... ClOImlJ'
<br />Ihat Borrower', Interest in the Propeny under the terms of this Security Instmment; (b) is not personally obIipIed 10 pay
<br />lhe sums secured by thIS Secunty Instrument: and (c) agrees that Lender and any other Borrower may qne toa1lllld.
<br />modify. forbear or make any accommodations with regard 10 the terms of this Security Instrument or the Note widIout
<br />that Borrower's con5Cl1t,
<br />12. ~ aa.raes. If the loan secured by this Securit)' Instrument is subject to a law which sets IllUilnumbm
<br />charges. and that Law is finally 101errreted so that the interest or other loan charges coUcc:ted 01' to be coIec:Icd in
<br />ConnectlOl1 with the loan exceed Ihe permitted limits, then: (a> any such loan charge shall be reducad by the lIIIIOUIIt
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower whidI ClUlIClIed
<br />pemuned lImlls Will be refunded 10 Borrower Lender may choose 10 make Ihis refund by reducing the principtIl owed
<br />under the Note or by' making a direct plAymenlto Borrower, If a refund reduces principal, the reduction will be t........
<br />~'8I't1ll1 prepayment Wllllout any preplAymenl charlie under the Note,
<br />13. ~ ."fhdlnc l.en4er's Ripts. If enact~nt or expiration of applicable 18_ '- the cI'ect of
<br />ren.. 'nnll an)' proVISIon of the Note or thIS Se<;unty Instrument unenforceable according 10 its terms, Lender. at illl option.
<br />may h'1wre ImmedIate paymenl In full of all sums secured by thi.s Security Instrument and may invoke uy remedies
<br />permtlle \ by paragraph 19, I I.end(,r e~eTCIses thiS option. Lender shall take the steps specified in the second JllII'8IflIPIa of
<br />plAragraph !j
<br />14. :"oiotica. Any notice 1<' Borrower pr<lVIded for In this Security Instrument shall be given by deliverinl it or by
<br />mailinlll b)' first c1llSS m:ul unlCl>s apphcable law requlro use of another method, The notice shall be directed to the
<br />Propeny Address Of any other addl:ess Borrower designates by notice to lender Any notice to lender shall be given by
<br />first clll!>!o mall to Lender's addre;s slaled herem or any other address Lender desilnates by notice to Borrower, Any notice
<br />provided for in this Se<,'unty Instrument sh,,1I he deemed to have been given 10 Borrower or Lender when given as provicktd
<br />111 this I"'rllgraph
<br />15. GonrnillCl.aw; Se.c:ralMlit)'. ThIS Security I",lfumenl shall be governed by federal law and the law of the
<br />Juri~lCtl{)n 111 whIch the Propel1y IS located In the eventthllt any provision or clause of this Security Instrument or lhe
<br />Note cooftz.:ts Wllh applicable l"lA'. such l'{)nfticl shall not affect olher provisions of thl' Security Inslrument or lhe Note
<br />....hK.h clIn hc gIven effect wllhoul the cnnfticting provision, To Ihis end the provisions of rhis Security' Instrumenl and the
<br />"'ote are declared to he 'levernble
<br />16. Derrower', Cop,'. Borrower shall he gIven one .:onformed copy of the Note and oftliis Security Instrumenl,
<br />17. TraMfer of thit' Propert) or II Beneficial Interesl in Borrower. If all or any part of Ihe Property or an)'
<br />Inletot 10 illS '>Old III Iran!.fened ~n>r If a benefiCllllll1leresl 111 Borrower lS sold or 1ransferred and Borrower is nota natural
<br />peN.1fl1 wllhoul Lender', ,,!WI wntlen ,'onsent. Lender may. ar lis opllon. reqll1re Immediate payment in full of all sums
<br />-<<urOO hy l!m Se.;urlly I nSlrumelll However. thIS option shall no! he e~erclsed hy I.ender If t'~erci'le IS prohibiled hy
<br />federal I.",' as oflhe dale (ll~ tIlls Se\:UTlIY Instrument
<br />If rende, ncrCl'\n thIS option. Lender shall give Ik>nnwer notl"e of acceleration rhe nllllcc shall provide II penod
<br />,:/ fI'" leM Ihan :Ul days from lhe dat,ethe rWllee "delivered or mlllled W'llhm whlt'li Borm'H'r must I'llI,' ali ~lIm~ sc<:ured hI,'
<br />lIlts ~unly Instrument If BnfTnw~r filii- 10 ray Ih~ sums pnor 10 Ihe e'plTnlloll "fIll" pCTlod, lender mav 1I1H'kc any
<br />,.medlt"'> permmoo l>y IhlS ~curll~ Instrument wnilolll f\Jrlher nollo'''r <lCl11lllllJ "" !lorn"..'r
<br />Ifl. RcwrowC'f" R!P1to Retnstllte, 11 !lo,,"wer mc~t' cerh'lll1 d'lldlll"Il', fln"".."r shall ha\"c Ihe TIght t" hll\t'
<br />enf~'lf(:e-metH (If tfon, Se\:'unr)' In'tfUfnt'flt dl~'(:(lfllitlued nt "'n' rime J'nnr to ,ht, f.:arIH'r (1f f a) Ii; diJ~" (tlr '\Kh ('1her penod ~s
<br />.tp-pltcah\e t3\\' may ~penf~f- for temMktlnnrnn t-..eii\rl~ \;dr: 41f the Proper!) rurlri,lIunl II' all\ r~)\\l'r J~f ...alc u1n1aU1rd lt1 thl'
<br />~:Uf11y In'\trufTwnl or H'll n;H! ()f a ludpzment t'nff)rCln~ ,hi' Set:unty '",trulm.'nt rtlfl\f (P1HiHHHllri, art' 'hl\1 Bnrr"'\\,{,f
<br />I.~ f"II" [l'rM.j~r all 'l,"" ..h,d1 Ihl'1I ","uld he due IIndt'l' 11m Snnnt\ In.lrII!!,,'nl"''' the ,,,Ie had no ",cd","II""
<br />tt:{urre~L 0" !,tHe~ Ml\' dd'ault qf ;Hl~ (,ther ~1\\enant' '" iHtH'f~nH7f1r... CL't pOI"'" ,!IlI''-pt'll\-{~'" mrunt"<1 III ~'nfl'rrln~ thl....
<br />~::-urf!" I nt;,t f1HHt'ol , ltl(ludiH~ hul' Hnl Itrflltf"11 fn, rr:'~\.nn1thl{' :1ftnrnr.y" fl"--". Jl1d ldl I.i\..(" "ul"h ;h'tH'n :\' fendt'! HUH
<br />fClt\HhJthh r"qU\f('" fn ,"<,\,lHe rh~H the !tcn 1\( !tl1<' ~l\lrtf\ In'''ffllf1WfI' 'c'likr',. rll.thl', In ~h(' p~!)rwrf\ :Hllt HnlfP\\t"t',
<br />'.ht:~i.1H'1\ !.'; p;,t)' ftw .\;rn\ "'('~'IH~'d h~ ~tJ!'" "t"{ Uflt\- In...1rt.lrrH.'11~,.h.d; "I~n'H\lH' \l!lI'hanlJ.('~1 l'i~'-'I~ ".\!',"':;Ht'lll"H~ h,
<br />Hnrfr''lAtft !h~~, 'I:". tlf!l" IO'.HIIf1H'fl1 ;HId Ih"I,hltMI1IjQn.;, ."n:llr~d h('f('~~\ ..h,'1!l (':"01;tll' ~iJli\ d'('~"l;:' .," t~ :;' h f'kl:ll!'\!) Iud
<br />I '4. '14 r', n t bPi ;"lb.'hf 11 i r l'H!~~!;ll(-' \.I\ilil I\Pl ;'111ph ! j', I hr ,,hr It ;l!, '. ,-ll'!;11 I' ") i: "dl" [',I' .1~1:1 i,h., ~
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