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<br />84~ 006766
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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Inst\'UlllCllt,
<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 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 rea501llahle cause for the inspection.
<br />9. Coademaatlon. 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 be paid to Le...Jer,
<br />In the cvent 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 Ihe following fraction: (a) the total amount of the sums secured immediately
<br />before the taking. divided by (b) the fair market value of the Property immediately 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 Borrower that the condemnor olI'ers 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 oftbe'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 duc date of the monthly payments refcrred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Wainr. Extension of the time for payment or
<br />modification of amortization of the sums secured by Ihis Security Instrument granted by Lender to any successor in
<br />interest of Borrower shallllot 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 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 />. ..ily{fte..efi~e~.gr.Bm:ro~l'-~s.s~inte~~rilu:xt:rrisill!tlmY~remedy ___
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />11. Suecesson and AssigRI Bound; Joint aad 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-signs this Security
<br />Instrument bllt docs not execule 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: (b) is not personally obligated to pay
<br />the sums secured by [his Security Instrument; and (c) agrees that Lender and any other Borrower 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 Borrowers consen!.
<br />12. Loan Charges. If the loan secured by this Security Instrumcnt is subject 10 a law which sets maximum loan
<br />charges. and that law is finally interprcled so Ihat thc intcrest or other loan charges collected or to be collected in
<br />connection with Ihe loan exceed [he permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrowcr. Lender may choose to make this refund by reducing the principal owed
<br />under Ihe Note or by makmg a direct payment 10 Borrower. If a refund reduces principal. Ihe reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. l.egislation Affecting l.ender's Rights. If enactment or exp.ration of applicable laws has the effect of
<br />rendering any provision of the Note or Ihis Security Instrumenl unenforceable according 10 lis terms. Lender. at its option,
<br />may require immediate payment in full of all sums secured by Ihis Security Instrument and may invoke any remedies
<br />pennined by paragraph 19. If I.ender exercises this option. Lender shall take thc ste~ specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any nouce to Borrower provided for in thIS Secunly Instrument shall be g.\'en by delivering it or by
<br />mailing it by first clas.s mail unless applicable law rcquires use of another method. The notice shall be directed to the
<br />Property Address or any other addres.s Borrower designates by notice to Lender. Any notice 10 Lender shall be given by
<br />fiBt c1as.s mail to Lender's address stated hcrein or any other addres.s Lender designates by nollce 10 Borrower. Any nOliec
<br />provided for in thiS Security Instrument shall be deem..-d to have been g.ven to R<)ffower or Lender when given as pro\'ided
<br />in th.s paragraph,
<br />15. Governing (.aw: Seyerability, This Security Instrument shall be gO\<,rned hy federal law and the law of the
<br />Juri~ktl(}n III which the Property is located. In the event Ihal lmy proVISion or dause of Ihis Secunty Instrument or the
<br />Note conflIcts with applicable law. such conflict shall not aft'ectolher provisions of this Secunty Instrumentllr Ihe Note
<br />which can be gi\'cn effect withoul Ihe confllcllng provision. To lhis end the provisions of thl' Sccurity Inslrument and Ihe
<br />Note are declared 10 be sc'erable.
<br />16. Borrower's Cop)'. Borrower shall be given one conformed L'Opy of the N,'te and of this Seellnly Jnstrurnell1
<br />17. TrlllMfer 01 the: l-'rIJlM~rt)' or a Beneficial Interest in Borrower. If all or any part of the Propcrty' or an)'
<br />interl:'l>t III It IS ..old or Iransferred (or If a beneficIal interl...t in R<lrrower IS sold or transferred and lloHll",er Is nol a naluml
<br />per'\Ol\J wllhout Lender's pnor wnllen C'Onscnl. Lender may. at its oplion. reqUIre lJllme,hate payment m full of all sums
<br />secured by Ihls s..,,'unty Inslrurn"nt. However. this opllun shall not be exel<'lseo by' Lender If .'xerllSC IS pwlllhltl-J by
<br />federal law as of I he: dale of tillS Sc,:unly Instrument.
<br />If I..enoer eurClS4:S Ihis opllon. Lender shall glH~ R<lrrowel nolin' of accclerallon Th.. nolle(' ,halll'ro\lde It pelloc.l
<br />of not 1_lhlln .,01.1<1)'5 from the dale the 1I0tlce IS delivered or maIled wlthm wtuch Borrower lIlu,t pay..1l '1I1I1S ,,','ured hy
<br />tius ~urn)' Inslrument. If Borrower falls to pay Ihese sums pnor 10 Ihe <'\pmlllllll Ill' Ihl' 1'<'110.1. Icn.kr may 111\ "ke any
<br />rCmOOlClI pemllllcd hy Ihls Security Instrulllenl w..lioul furl her nOllll' or demand on IINrOlHI
<br />18, Borrower's RlPt tu ReiMtatC. If Ilorrm..-er meets cenaln L'Olllhll""'. lIorto"'<'1 ,halllul\c Ih., l'I"hl to hale
<br />cnfOfeemenl "flhls Sc1,;urlty I"slrument dlslonlillucd al all)' tllllC pl'lor 10 tll<' <:<11 her "I' 101) ~ day' (", ,udl olh,,'r l"'fl,,<1 'IS
<br />lIwll<.'able law 1IIi1) spcllfy tor rt'lIlSlat~menl) h<;fure sale of Ihe 1'lop"lIy pursualll I" allY ,,"wn "t 'Ilk ">ill.lIl1ed III I!II'
<br />"W:(U'IIY Imrrumen\. "1' (ht clllly "t a lllllllrnenlt'nforcrng Ihls Sn:unl~ IIISlltHlH'1I1 r tt"..e ""IHhtlllll' all' Ihal Il"rl""""
<br />(ill; pill" L<'I1J~r "II sum.. wlud, I:hell "ould I", due ullder 1111.. s..',IHlly 11I'!Iull\('111 ,llld Ih.. N"le had "" ,1<",.-10,'"11"
<br />(J(.;t,:urrcd: 1.ht i./un-=' any l1d'aul1 of auy other to\tcluulh fir it~re{',uellh. h;, pay' all l'\I".u...l.... 1IH.:uru:tJ III l'nlllll'Hl~t rhl'
<br />Se-4.:tHlI) hl'tfUHlrnl. IUl:ludmn. hUl nol hrnlfed 10. rt:44~Ulahlt~ atlorUl'Y" rec..., .1IHI fd, t.\kt.:, ...Ildl ;1l..llnll ;1.. It'nd..') mit\
<br />f'(4%Ondh~l ft,'l-iUlfl' to ,U,\UH' fh~t lhe hen (If 'hi" St~\'Llnly II1'lnllnenl, 1.t.'IHler',,- r1g,hh HI rth' PI1\jI\'ll\ ,llId nt1lft"l\\t'J:"
<br />(~hh~i'ltHm fp jMl\ ltlt' t,tun, >"cl..'ured hy 1hl!' St:-l,,'UrH) In"otrul1wlll ,.hitll \.iH1IHHlt' lJth'h it I 1!.J_l'l1 I l'\ili II'ln'\1;lInllcnt h,
<br />h<~rrp\tin, dlh \\,,~ url! '<! hl'..trumenl ,And ItU: HhllJ!.jitll)fl~ 'u:i.'IIf'n.1 herrhy ...hull j('tIIiHIl full, dfn 11\ (' ,1\ \f III I ,h \ rln ,11/1'1\ !lad
<br />"l.'l'I.HlnJ U~\V.~"\(,I t tU'l, l'11!lht '(1 r('ltl\h'h~ Iohtill 111.11 ttppl)' m ttlt' 1..'14'(' IIf ih.:u.'h-nHlllfl \!lIdl'r \":11 ,'~:i.tph', 1 l pi
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