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<br />84........ 006844
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<br />If Lender requirc:d mortgllle insurance as a condition of making the loan secured by this SeeufitYJnst~
<br />Borrower shall pay the premiums required to maintain the insurlmce in effect until such time lIS the rcquifllllleilt for the
<br />insurance terminates in accordance with Borrower's IInd Lender's written agreemcot or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of thc;P~yc.~
<br />shall give Borrower notice at the time of or prioT to an inspection specifying reasornable cause for the inspecdon'.: >ii'
<br />9. Coademution.. The proceeds of any aWllrd or claim for damllles. direct or conseqUllll~~~Wit~
<br />any condemnation or other laking of any part of the Property, or for conveyance in ,lieu of conclerJiftatiOll, an: .,,~
<br />assignc:d and $hall be paid to Lender. - .... ."
<br />In the event of a total takint; of the Property. the proceeds shall be applied to the sums seCuredby' tuseoumY
<br />Instrument. whether or nol then due, with any exces.~ paid to Borrower_ In the event of a partial takinS of t~~y.
<br />utUets Borrower and Lender otherwise agree in writing. the sums secured by this Security Instrumentsballbc:~by
<br />the: amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums SCClInltiimmlditltdy
<br />before the taking, divided by (b) the fair market value of the Property immc:diately before the taking. AnybalMccsbllllbc:
<br />paid to Borrower. .
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the: condemnor offers 10
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the dllte 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 />10 the sums secured by this Security Instrument. whether or not then due.
<br />Unless Lender and Borrower ot herwise agree in writing, any application of proceeds 10 princiP411 shall not exter.d or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount ofsuch payments.
<br />10. Borrower Not Releaed; Forbearance By Lender Not a Waiyer. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any SllCCCSllOl' in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interesl.
<br />Lender shall not be required to commence proceedings agamsl any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrumenl by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any righl or remedy
<br />shall not be a waiver of or preclude the exerc~nv right or remedy,
<br />II. Successon lUId A!I5igns Bound; Joint and Several Liability; Co-signers. The rovenants and agrc:emenls of
<br />this Security Instrumcot 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 join I and several. Any Borrower who co-signs this Security
<br />Instrumenl but does nol execute the Nole: (a) is co-signing this Security Instrumeni only to mortgage, grant and convey
<br />lhat Borrowers interest in Ihe Property under the terms of this Security Inslrument; (b) is not personally obligated to pay
<br />the sums secured by this 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 withouI
<br />that Borrower's consenl.
<br />12. Lou CItarps. If the loan secured by Ihis Security Instrument is subject to a law which sets maximum loan
<br />charges. and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />conneclionwith the loan exceed the permitted limits. then: (a) any such loan charge shall be reduced by Ihe amount
<br />necessary to reduce Ihe charge to the permitted Iimil; and (b) any sums already wlleeted from Borrower which exceeded
<br />permitted limits will be refunded 10 Borrower, Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direet payment to Borrower. If a refund reduces principal, the reduction will he Ireated a.s a
<br />partial prepayment withoul any prepaymenl charge under the Note.
<br />13. Lqi&latitm Aft'ectinc Lender's Rights. If enactment or e)l,piration of applicable laws has the effect of
<br />renderin!lany provision of the Note or this Security Instrument unenforceable according 10 its terms. Lender, at ils option.
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender e)l,ercises this option. Lender shall take the steps specified in the second para!lraph of
<br />paralraph 17_
<br />14. Notices. Any notice to Borrower provided for in this Secunty InSlrument shall be given by delivering il or by
<br />mailing it by !lrst class mail unless appliaable law requires use of another melhod. The notice shall be directed to the
<br />Propeny AddrCli-.<i or any other address Borrower designates by notice to Lender, Any notice to Lender shall be given by
<br />flnt cla5fi mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been gl~en to Borrower or Lender when luven as provided
<br />in Ihis plIragraph.
<br />15. Go,enlll& Law; Se,eraWlity. This Security Instrument shall be govern~-.l by lederallaw and the IllW uf the
<br />jurisdiclion in which the Property is localed. In the event that allY provision or clause of Ihis St.'Cuflty Instrument or Ihe
<br />Note conflicts with appliaable law, such conflict shall 1I0taWeet other provisions of this Securll)' JJ~strumelll or Ihe NOle
<br />which can be given effect without the conflicting provision. To this end the provisions of Ihis Security' InMrumcnllltld Ihe
<br />Note arc declared to be ~verable,
<br />16. lJc>>rrowu's Copy. Borrower shall be given one conformed copy of Ihe Note anu ,)1' thi" SecUrity Instrumcnt.
<br />11. TTlIIlIkr 01 tile Property or a Retteficlallntcrest in Borrower. If all or any plIrt of Ihe Properly or any
<br />interesl ill it is sold or transferred (or if a bencfleial interesl in Borrower is sold or lrallsfert/;:d lItld lJmrowcr is Il(llll nalurlll
<br />~) willlnlU Lender's prior wrillen conselll, Lellder may. al ils option. requirc llnmedulle paymCnI in full of all sums
<br />*ured by Ihili Security Instrument. However. this option shall nol be eAerci~d hy I.ender if eM~r(;'sC IS p....hihned ,,>
<br />fedcrllllaw as of the dllte of this ~:urity Instrument.
<br />If Lender cxerc~:!> this oplioll, telldel shall Jive Borrower nOI",e of lIc4:clerallon, Ihe IWlIee shall pwmk It pefllJd
<br />ofnolless Ilmn.30 days from the ollte Ihe l10tice is delivcr~-d or Illailed within Whldl Borrower musl pay all \U1Il' "",,ured hv
<br />Ih_ Security IIISlrunlelll, If Oorrower fails to pllY these sUlm Pf)Of to Ihc expiration of 11m rl<:nOt.l. l.cnder lIlay III"'''C lln)
<br />fem<<lIell permiued by Ihis s.:..:urity Instrumcnl Wilhoul further no!i,e "t demand onllorwwcr
<br />III. 8ofNwer'II RIPt to Rtwtatc. If !lon-ower nWd~ ~crtam Wl1dHltlllS. B{lH"V,W shall have Ihe 111\111 III hah~
<br />cnfllf.'efflCnt Ilflhl~ Secunty In~tnllnefll dlS<:Ofl!lI1l1t-.l alal1) Iilllc Pllm.o lhe "arhe. of (al ~ days (or ~lIdl olher period a'
<br />lIwJk..hlc law may 'rc,,~f~' j()r rClflsIlIlrrtlClll) before ,<&h:..f Ihe "rupert) pm'lIl1l1! 10 'III) lllmer of ...11t- "tlllillllnl '" rIll'
<br />~lIfily JIl..trumclH; I.IIlh) clllry of iI JudllflWIH U1fm<:lIlit Ihl~ SC;;UIII} 11\~lnl1llClll. Those ull1d,uolh ale Ihat J)"II"V.'"
<br />.(a) PlIys Lend!:! all "lltl1, which Ihell y,olllll be <lUt llllder thi, SccUlIly 11I,lllltll..nl i1lll! the' Nnle It'lll llD an.de.,.",,,,
<br />.,.."urr"d; (Ill <:ur", "") ddlllllt 4lf allY "Iher 'O'CIlall" or " itrt'<:l1lt'll!s: h:} pay, all "'1"'11'''' "'''.111",<1 III t'llh"'lIlll Ih"
<br />OW""",,} l'ls1H1Ill\."nt, mdudill!!\. but ""I hnlltro ,''. reaso""hk: alle.rney, r."", and hlllilk,,, ,ud. ",'11011 ii' I.",,,k. 1Il00Y
<br />rCllilt>>"Hlhl)i 1~4Ulft' 10 lISMUe Ih~l the hell of till' S"';UfllY lllstrulll""!. L('II(Jt-(, "lIhl' III lh" 1""1>0:11. "lid /lw."",.,'s
<br />ol'>llil\aUHtJ I,. I'M) Ih~ \um~ 'i'il~llf(:d by Ihl\ Sei.unr}' lUslHHlIClll ',h~1! (p"illl"<' iI1hl"'''J.tcd t'I''''' ,",,,,,,,,t'-'I1<'''' h~
<br />~-'frovH~t. ~hh 'kt.'Ufll~ lu...trttrn~f~t iHHJ tht' ohliata~t('du., ';1:A'urNJ herd~~ 'dli~lI n~tI1.HIl hdh t:lrt"l.,l!\t.' .t'. I! n,' ,\1, ~ rk''''IIPI1 h,lt)
<br />lw;'~-an~;,d .'I~%'~;'V~~r. ~hl' n~l'H to re'H''t!,hlh~ ...h~,H nn' App!y' (fl the .;:a'li,f" ,.If ;1c\dnH'll'II11lltkl p;Ht\;Jr;1ph" 1 \ 1\1 ; ~
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