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<br />84- 003396
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<br />I f Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />B"",'wer shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />In...uranl..'(.'' laminates 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 />"h:.tll gl\ t' Borrower notice at "the rime of or prior to an inspection specifying reasonabJe cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential, in connectitmwith
<br />any condemnatIOn or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />"'''pled and shall be paid 10 lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />lnqrument. whether or nor then due, with any excess paid to Borrower. In the event ofa partial taking of the Property,
<br />unkss Borrower and lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />,he amount of the proceeds multiplied by the following fraction; (a) the IOtal 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 />p~ld !Q Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by lender 10 Borrower that the condemnor offers to
<br />make an award or sell Ie a claim for damages, Borrower fails 10 respond to lender within 30 days after the date the noriceis
<br />g!\ en. lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Propert)' or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Cnless 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 10 in paragraphs I and 2 or change the amount of such payments,
<br />10. Borrower ~ot Released; Forbearance By Lender Not a Waiver, Extension of the time for payment or
<br />mod,ficatlon of amortization of the sums secured by this Security Instrument granted by lender 10 any successor in
<br />Inlt'Tt'1j1 of Borrower shall not operate to release the liar' :.y of the original Borrower or Borrower's successors in interest.
<br />Lender \haJl not be required to commence proceedi'15' '~ains[ 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 afany demand ,made
<br />by the onglOal Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />...hali nor be a waiver of or preclude the e.... - :''':Ise of any right or remedy,
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers, The covenants and agreements of
<br />rhl~ Security Instrument shall bind and benefit the successors and assigns 01 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 />In,>trument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage. grant and convey
<br />,hal Borrower's II1terest in Ihe Property under Ihe lerms of this Security Instrumel1!; (b) is not personally obligaled to pay
<br />the surn~ ~ecured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />ml.1dlf:-.. ft.'1rbear or make any accommodal1ons with regard to the terms of this Security Instrument or the Note without
<br />Ihal Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instfumenl is subject to a law which sets maximum loan
<br />,.-Iurge..... :lnd that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />.:t)nncctJon with the loan exceed the pemlitted limits, then: (a) any such loan charge shall be reduced by- the amount
<br />nC'('C'~;..ar) to reduce the charge to the permined limit; and (b) any sums already coliected from Borrower which exceeded
<br />rc-rmllted limits WIll be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under Iht: ~t)le or by making a direct paymcn! to Borrower. If a refund reduces principal. the reduction will be treated'as a
<br />r;'HIla] prL'payment without any prepayment charge under the Note.
<br />13. legislation Affecting Lender's Rights, If enaclment or explfallOn of applicable laws has the effect of
<br />f<:nder:ng an! prOVision of (he Note or thIS Secunty Instrument unenforceable according to its terms, Lender. at its option.
<br />mil: fC-YUJn'= Immt"dlate payment in full of all sums secured by this Security Instrument and may invoke any n:medies
<br />rerD1!!!:.=d [I) paragraph I Q_ If Lt:nder e,t.~rr!se--s this option, Lender ~hall take the steps specified in the second paragraph of
<br />p,-.tr clgr 'lrh 1-:'
<br />14. .'otices. Any notlee 10 Borrow~r prOVided for In this Security Instrument shall be given by delivering it or by
<br />m..-llh!tg. It b~ tir'::>l clas!' mad unless applicable law requires use of another method. The 11m ice shall be directed to the
<br />Pr\..lrt:rl: Adore..,:;. or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />flr~l ,:1.1'..... 111,111 h' Lender's address ~tated herem or any other address Lender designates by notice to Borrower. Any notice
<br />rr~\\ IJ,:..j fl\[ III thiS Security Instrument shall be deemed to have been gIven to Borrower or Lender when given as provided
<br />In !hl\ pdL1traph
<br />15. Go'-erning Law; Severability. ThIS Security Instrument shall be gov~rned by federal law and the law of the
<br />}Ufi:---.il-':il\.lH In v.hu:h the Propeny is located. In the evenl that any provision or clause of [his Security Instrument or the
<br />'\()tc ,:"lnllKb \\.lth applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />\-I. hl,:h \--..i:, r>c gJ\t"n effect without the confllcting proVision. To this end the prOVIsions of [hl.~ Securily InstrumeiH and the
<br />'\:(ll( .He Jl';..-bred to be severable
<br />16. Borrower's Copy. Borrowcr shall be given one cunformed copy of the l'ote and nf this Security Instrument.
<br />17. Transfer of the ProperlY or a Beneficial Interest in Borrower. If all or any part of the Propeny or any
<br />):'dt.:;:....l: Ifl II l" ,:>oJd or lran~ferred (or jf a beneficial Interest in Borrower IS soid or transferred and Borrower is not a nalUral
<br />r,.;,-"._H,i ,:,;;h':'1lH Lender'" prior written ;:on~~ent. Lender may, 3t its option. r~quire immedbk paymem 111 fun of ;.ill sum"
<br />>~'''''-ured r~ thl~ Security Instrument. However, this optIOn shall not be ex.en:lscd by Lender If c\erCiSC IS prohibited by
<br />k.j:::.IJ 1.-;';1.. a,:> ufihe date of this Security Instrument.
<br />I! L~nul..'f t'::\ercises this option, Lender shall gi....e Borrower notICe of acceleration. The nol1(e shall pro'-It1c.' J pt:riod
<br />,-,( :-wi ky.. ihan 30 day~ from the dale the notice is. deiivered Of malkd within which BOfrowa mus.t pay all ,>UlTlS secUfl'd b)
<br />;hl'; S<:(l.lll~ lns-trumenl. If Borrower fails to pay lht"Sc s.ums pnor to the e,\piralion or this penod, l.ender n1<.iY in\okc all)
<br />;<.:tnt'J:t:"> r>ermlttcd b\' this Securil\' JnMrumem without funher oullcc Of demand on Uorrowa
<br />18'. Borrower;s Right to R~instate. If Borrower mt'et~ ~crtal!l cOIH..htlon~, Borrowt.:r ~hall ha\l:' the n~ht Ii..) hUH'
<br />:l','!--'.'n;'-'nt ,A [hl~ 5-et"urit'l,' In,,tnmH;nt dl'i.C':nmmuc-d at dill; !~me nfH.'f tt:J lht' <>:\riit'r (If (;1.\ 'i d'-l"~ (nr '!I,-'h cllhl:f n<:rHl',1 ~l"
<br />Lor" ma) sp<-"Cify~ for -n:i~)tateme~t-) before- s.-;l; of (he P~up~rt; pu-r~~~.n~ to.a~;" l;u~..-~r ~f \~ti~' ;:o~H<1~n~d in t't~~~
<br />ln~tturnent: or (b) entry of a JudgmC::fIl t:nforcmg thb Secu.rIty Instrument. Tho'l(;,: l'-IJrH.il1lO1L5 alt.' lh<H BUrn)W-Cl
<br />pJ\;,. Lt'hdt! ali ~ums \\-hH."h then .....-ould be due under Wl:) Secunty lrhlrUmcIlt ;illJ thi.: ~ote had iJ,_l p(",;':t:'ler,t11011
<br />''''-,,:.irfd!. (bl ~i.Jre-~ an) def~ult of any other covenants m agreemenb. (\.'1 pa}~ all c.\p(,fhe~ lfh.:Urft:d HI (..'nrUfun~ !fU....
<br />"Y:-..."rl~~ In..,:fI,Hnc:m, Including. bUl fl{)! limIted 10. n::a~onabie pltl)rn~y'" kc::., and (dj l<th.... \tH..Il .J.Cll\;n ;1'1 l.i..'ndl': m.l'<
<br />rt\n,,.',n_It't) n:4ullc W a~~ufC' that the hen of thIS> Security (n~trumenl. Lender'" n~hl~ ill d~t.' i'[l\pt-.lt~ .1lId Hil1hl\\t:X:"
<br />_hlif.l:>"'!l ,,_,' p~i-:. tht': \um:. ~('l,.'\Jrtd h,- {hi!> S<.-~unl) !n::.trum,ld ..h:.lH ..:,lnOnut ulhJ)d.ngt',j l'p"'!! l~'ll!-"Ul~fH<:rl\ b\
<br />b-iifl< l.o-t:r d'H\ Set'urH;.- lrt\-tTumc:'nt and \heubh~allon~ s-e..:ureJ h>ereb)- :-.h.t!: remain flill) ell <.>..-t,\(. .I:, d ni.' .1\.V-,kl~llhl;; h..\J
<br />". -. ~,t,;:,: H,.-,y;,cH:r, ;tm, Tig.ht to rell1:Halc- \h411 not .appl) H1 {h{," >':h(" (;f a.;:....(.k(J.\~un i-mdtl pal :igJ' .wh', i ,; ,_'I l"
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