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<br />84-00678Q
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<br />If Lender required mongage 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 elrect 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 asent 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. Coftclemaation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other laking of any part of the Property. or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to L.:nder, .
<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 laking 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 the following fraction: (a) the total amount of the sums. secured immeiliately
<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 oIfers to
<br />make an award or setlle 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 I and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Furbearaac:e By tender Not a Waiver. Extension of the lime for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any succeuor in
<br />interest of Borrower shall not operate to release the liablbty of the original Borrower or Borrower's successors in interest,
<br />Lender shall not be required to commence proceeding.~ against any successor in interest or refuse to cxtend time for
<br />payment or otherwise modify amortil.ation of the sums secured by this Security Instrument by rCMOn of any demand made
<br />by the original Borrower or Bormwer's successors in interest Any forbearance by tender in exercising any rig~~r remedy
<br />---ShillnGt be a waiver of or preclude/he exercIse or imy right or remedy, - -
<br />11. SuccaMws 8IHI Amps Botmd; Joiu' 8IHI Several Uability; Co-signen. The covcnants 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. An)' Borrower who co-signs this Security
<br />Instrument but does not executc Ihe Note: (a) is co-signing this Security Inslrument only to mortgage, grant and convey
<br />that Borrower'~ interest in the Properly under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by thiS SecUrity Instrument; and (c) agree!. thaI Lender and any other Borrower may agree to extend.
<br />modify, forbear or make lIllY accommodations with regard to the lerms of Ihis Secunty Inslrumenl or the Note without
<br />that Borrower's consent.
<br />12. r.- CIIlu1Ies. If the loan secured by Ihis Secunty Instrumenl IS subject 10 a law which sets maximum loan
<br />charge;, and thai law is finally mlerpreted so Ihat the inleresl or other loan charges .:olk-cled or (0 be collected in
<br />connection with the loan exc~ the permuted limIts. then: (al any such loan c'harge shall be reduced by Ihe amount
<br />neccsiary to reduce the charge to the permilted limit; and (b) any sums already c'ollected from Borrower which exceeded
<br />permined limits will be refurded to Borrower. Lender may choose to make Ihis refund by re'(/ucing che principal owed
<br />under the Note or by making a direct paymcntto Borrower. If a refund reduces pnnclpal, the reduclion will be Healed as a
<br />partial prepayment wllhout any prepayment charge under Ihe Note.
<br />13. Legislation AlI'eeting Lender's Rights. If enactmcnt or cxptratioll nf applicable laws has the effect of
<br />renderins any provision ofthc Note or Ihis Security Instrument unenforceable accordlllg to liS terms, Lender, allts option,
<br />may require immediate payment in full of all sums ~'Cured by this Security Instrument and may invoke any remedies
<br />permitted by paral:!raph ] Q. If Lender exercises this option, Lender shall take the steps specified III t he second paragraph of
<br />paragraph 17
<br />14. Notices. Any nOllC!: to Borrower proVided for III this Secunty Instrument shall he given by debvering il or by
<br />mailinS it by first cllts.s mail unless applicable law requires use of another method, The notice shall be dire<.:ted to the
<br />Property Address or any other address Borrower designates by notIce 10 Lcnder. Any nOlice 10 Lender shall be givcn by
<br />lint cI_ mail to Lender's address stated herein or any other addrt'Ss Lender deSignate,> by notice to Horwwer Any noti,'c
<br />provided for in this Secunty Inslrument shall be deemed 10 have been glv.enlo Borrowcr or Lender when given as provided
<br />in this paragraph,
<br />15. eovcmia& Law; Se'I~ralHJj.y. This Security Instrumenl shall he gmefne>u by f,'derallaw and Ihe Ii.w of Ihe
<br />jurisdiclion in which the Property IS located. In the even I that any prcwislOn or clause of thiS Sel,'unly Instrumelll lIT Ihe
<br />Note conllicts with applicable law, such CIlnftict shall not atrec! other provisions of 'IllS Sccurny Instrument "r the N"le
<br />which can be given elrect Wilholll. !he conftlctmi proVISIOn. To tlus end Ihe proVISions of tillS Selunl} InSlrUlI1clll and Ih.,
<br />Note are lIedared to be severable.
<br />16. Borrow...', Copy. IInrrower shall be &".en one lonfmllled l"PY or ,h,' Nelle am! "1'111,, Senlflly Instrument
<br />17. TraM'''' 01 the Pr.rt,. or II Beaefkial ~ntCl'lI5t in Borrowt'f. If all or any part of the I'wrert} or any
<br />inlerest in il u.rooJd or transfefTl>U (or If a benclicutl interest In Borrower IS sold or !fans'....rrt." and Bnnt"",,r I' rllll a natural
<br />pers;:m) wnOOut lender.'s prior written wn-..:nl, Lender mal', al liS "pilon, n~4ulI" mancdialc paymelllm full "I' .111 SlllllS
<br />secured by lhl$ Security Imcrumenl. However, IfllS "plmn shall not he c~ell'lse" hy I.ender II e\t',..."c " profnblle'd by
<br />feder.lllAw lIIi of the da..: of this SI:.:un!y Instrument
<br />If L.~ exerci.M:!o Ihls opllOn. I..<'fldcl. shall !illve Borrower nOlllC "I' a<ce!efall<lII. .. h(' 1Il1ll\:e shail rltlVlde apertl'"
<br />of not Ia, lhan 30 days frnm the dale the notIO:<:" dell v Cfed or maIled wlthlll whllh Bnl "'\'Ii,,, 1ll1l,ll'ay all SUIll' s""lIlcd hy
<br />thl~ Se;;llrily In~lrUmi:nl. If Bc.lHClWi:r fwh to pit} I he", ,un" I'tllIT I" the e'l"rall<l1l <If IhlS peT I< "I. leluk. Illay lIhl,ke any
<br />rellMd_ penmlted by Iltl~ Se;;UTlly In~tru"'enl w'uhouI fllrther IIHIKC "I dernalu! "II IiOIll\WCI
<br />18. Borrower'. I!tilitftt It> Rell!l8tat4'. If l:Iotrowl~r rnech certain .tlfllhll"m, !lOlIl""el ,hllll haH' Ihe f111tll to tu""
<br />IlFlrOfCm14:11l "llhi~ S<<:lJrity IlhlrUIll~lll dl""olltlllued al itn) tUlle 1'11<11 to Ihl' l'al h"l <If lal s day' (.11 ,,,..I, otlt"1 1"'111,,1 ii'
<br />l1Ipph"able hlw may 'llCt"lf} for IClfhll1l.'mCIH I before sale of the j'mpcny l'uI\lIalll ,<I ....y I"'W'" d sale '<llllallled III Ih"
<br />Se.;:uflly Infulfllment, Of 41" cnlry ...f a )ll<.lllm<:nl en fOh:l 11 11. Ihl' Se\..urlly ImulIn"'nlll,,,.... ,"11I1I11<llIs "'" Ih.,1 Horn,,,,,,
<br />l.31 I"'y' Lender all ,urn, whl<:h then would Iw: due u!IIkr IIIIS s.,"llflt) 11l,lrulll"lll alld lilt r-;lI11' had 111\ ''''l'krillhll'
<br />o<':~llfled, Ih) cures 1111)' default of III1Y' olher ':'''l'II''lIts or UI!It'elH('lIls, I.:) IMYS all """.'""" "''''111<'.1 on ('lllnrullg tIll'
<br />S<<llrrry If'I~trllmcfll, 'rldudlllll, hut not limned (0. 'e'IS(lIl~hle "Ilome)" ('''~'. "nd Hll,ak..., ,,"l! ,.dl"" ,1' I ",,"ie. "'a'
<br />rillM,onalJly '~qull': III a.~wrc lhill lhe I~ll of I"" Se"unl~ (IIS!fumelll, I ,,"dC!, fl~"h III lit.. "'''1'''''1 "lid !I,.""",,,.,
<br />(l'bi!i3hon tn P~) ~h(" 'HHIHi \-t't,llUt~j h)' thiS St.":l:un1~ Jfl'\tnmwnt '.hall \.ll!lttlnH" 1I!ldL1fl;U'd ! 1"\(111 t1'''~'takt1h,'Il[ h\
<br />Rf)S'f()""C'f", lhpi S-tol.Ut!t) Jfl"ftf'Um~lll !lnd the ohlt~~lIlot1s, wt:ufcd hetch~ ~h~H li'mltlli hill,' l..'fk~ 11\ {' j;l', )W 1111 ~h l..dl'l :IOt'l\ h:td
<br />:tt,;\:Yff'i%J flo\tt'c't(:t, 'hl~! nnht to rctn\titl~ ~hall not appJy Ul thf' \:~I\t'. ,\1 !Jr(t~lnall' III llndd i'.1f ilfJl dph', ) 1 ,\!
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