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<br />84-004300
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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shaH 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 reasonable cause for the inspection,
<br />9, Condemnation, 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 Lender.
<br />In the event of a total taking of the Property, the proceeds shall be applied to Ihe sums secured by thisSec!lrity
<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 Se.:urity Instrument shall be reduced by
<br />the amount of the proceeds mult.plied by the following fraction: (a) the total amount of the sumssecure<l immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the laking, Any balanceshallbe
<br />paid to Borrower.
<br />If the Property is ahandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor olfers to
<br />make an award or sell Ie 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 Pr.operty or
<br />to the sums secured by this Security Instrument. whether or not then due.
<br />Unle.., Lender and Borrow~r otherwise agree in writing, any application of proceeds to principal shall notextendor
<br />postpone the due date of the monthiy payments referred to in paragraphs I and 2 or change the amount of such payments,
<br />10, Borrower l'\ot Released: Forbearance By Lender Not a \"'aiyer, Extension of ,the time for payment or
<br />modIfication of amortization of the sums secured by this S""urity Instrument granted by Lender to any suecesset' in
<br />lnter~t of Borrower shall not operate to release the liability of the: origin;. ' l)oITower or Borrower's successors in interest;
<br />Lender shall not be required to commence- proceedings against ~J . ..: , ..:.esSoJf in interest or refuse to e.xtend time for
<br />payment or otherwise modIfy amonization of the sums >iecured by tt., __",urity Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall eot be a wa;~:er of or preclude the exercise of any right or remedy.
<br />11, Successors and Assigns Bound: Joint and Seyeral Liability; C.,..signers, The covenants and agreements of
<br />thIS Security Instrument shall bmd and benefil the succ<:ssors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's co'enants and agreements shall be Joint and severaL Any Borrower who co..signs this Security
<br />Instrument but does not e:>..ecute- the ~0le: (a) is co~sig-nUlg this Security Instrument only to mortgag~, grant and convey
<br />that BorrO\,er's interest m the Propertv' under the terms of thIS Security Instrument: (b) is not personally obligated to pay
<br />the sums SCt.:ured by thlS Seeunt} instrument: and tel agrees that Lender and any other Borrower may agree to extend.
<br />mf.:xiify. forbear or make any accommod.auon~ WIth regard to the terms of this Security Jnstrument or the Note without
<br />tha[ Borrower's consent
<br />12. L<laD Charges. If the ioan secured by this Secunty Instrument is subJe<:t to a law which sets maximum loan
<br />charges, and that law !S !lnali, mterpreted so that the tnterest or other loan charges collected or to be collected in
<br />connection WIth the loan exceed the permJlted hmlts, then: (a) any such loan charge shall be reduced by the amounl
<br />nec~s.ary to roouce tht" charge 1(1 the permitted hmlt; and (b) any 50ums already coilected from Borrower which exceeded
<br />permitted limIts- W\U be refunded to Borr0WCr. Lt:nder may ch()()Se to make this refund by reducing the principal owed
<br />under the Nore or by makmg a direct p"ymeIllto Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any rr~payment charge under the: ~OIe.
<br />13. Legislation Affe<:ting I.<!nder', RlghlS, If enactment or exp.mtion of appltcable laws has the elfeet of
<br />rendenng .'flY prn\T~;jon of the ~ott': or thl5. Securny Instrument unenforce01ble a~(;ofdUlg to its lemlS. Lender, at its option.
<br />ma)"' reqll.lre lmmedt:lit payment m fuB of ail s-ums secur~d by this Secunty Instrument and may invoke any remedies
<br />permitted by paragraph I" If Lender e.\em,",s thlS option. Lender shall take the steps specified tn the second paragraph of
<br />paragraph 17
<br />J4. ,,"otices. Any nolKt: to BOrTo\\-er Ph)\'lded. for iIl1ht-s Securny Instrument shaH be given by delivering it or by
<br />mailIng 11 b~ first clas, mall unless applicable law reqUires us<: nf another method, The notice ,hall be directed to the
<br />Propert~ Address or an~ other add res, Borrower dC"Slgnates by nouce to Lender. Any notice to Lender shall be given by
<br />firM. c1a~ ma,} h,\ Lender\ addr~s stated herein Hf any other address Lender designates by notice to Borrower, Any nohce
<br />pro\'ldc:d fl.f in tlus Se('unt.y Ins.trumt:nt hhall be dee-moo to ha\'t' bet:n gJ'ven to 8()rro\,t-'~" ~~ L~"der when given as provided
<br />IrI t hI> paragraph.
<br />15, Gowrning Law; Sewrabillty, ThIS Secunt~ In"rrument sl-,,.II be g<"cmcd by i'edcmllaw and the law of the
<br />jun:>dlCw,.:m In ~'hICh Ih~ Propert} is kx:ated. in the event that any proviSIon or clau~e of this Sec-urit) Instrument or the
<br />'Sote i,:oufl.icts wlth applicable la\\., such confllct ~haH not affect other prOVisions of thts Seeunt}' Instrument or tht Note
<br />\\hKh can be g1\cn effect Without the !.:onfhctlng pro....tslon. To thf~ end th~ pro....i:)ions, of thIS Security Instrument and the
<br />Sot~ aft.' dcda.r<<i 1(\ he severable.
<br />16. BOrrOll'fr'S COP}. Born.n\~r ....hall he gl'o.'cn \Jilt: l.~onforrnt'd (:op~ of the SOit: ami of lhrs Secuflty Instrumc::nt
<br />Ii. Transfer of the Propert)' or a Beneficial Interest in Borro14-er. If all or any pa.rt of the Property or any
<br />lmer6t mlt I~ ,sold or tran~ferrt'd tor if a bcn-eficlal ulIen:st H1 Borrower l~ .,:-old or transferred and Borr(HA't:1" is not a natural
<br />pers.on) Wllhou~ Lt<nik:r\ pnor ~ntten con~enl, Lender may, at lh opw,m. rl;.~ulft: unmi:-Jiatt: paynlenl in full of all Sums
<br />~ured by ln1' Secunl) In~trumenL Hov.c\cr. rhli- {lptlOn ~hajj l1(lt be e,\elcl')~J b) L~Il\jt"r If exercise IS prohibited by
<br />federal lal.\ a:-; urIhe dale of thl~ St.--curH\' Ins.trument.
<br />If Lender (.:\er,:l~ lhr~ optlon. Lender ~hal1 gl\.'e Borrower nQ\ll.,':e of aCI..'elcralwn The nonct; ,hall pnwldc a pe.nlx:i
<br />of not less than 3-0 d~y~ from the date the notice b dehvered or matied withw whi;;:h Borrower mu..t pa~ all sum.~ i)ecured by
<br />thl-~ SccuntllnstruIDcnL If Borrower falls t(\ pay tbe::-.e sum.. prIOr 1(\ the t::Xrtr~Hhm of rhl\ penod. Lc."oJer may Im\Jt..e an~
<br />remcdlC:~ permUted b~- ~hl!l. Secunty Ins.trumc-m \\'ltht)ul funher nGth:,C- or dem...a.nd on Bdfro\\-er
<br />18. Bor-ro.'M:'er~$ Rigbt to R~instatt. If Borrower meeb ,,:ertJun (:{lHiitU(ln\. Borr(\\\a shall h~1\e the" nght to have
<br />enf(.\[~t',mC'nll)f thi~ S<..~unt.~ Inslrumenl dl~-onHnued at an: HOle prior !ii the c~lrhcr \)( (;tj.5 da)'~ {or MJ\.'h other penod Ul:'
<br />app-bc-abk lav.' IT'"') ~.;.-pe(lf~ fm rC1n!<<tal-ClI1c:nH bclurc s.ak uf the- Prnr~n~ pUflo>llant Ii: any pmH'f of "ale \.:OlH..uneu In thh
<br />~unt) InsHumcut~ or tb)' entry 01 ~t JUd~ment cnt'on.:m,g thll. Se-..::unty ln~truml;.'nL nW~t' c...tth.huilH;'\ .Irt th.'!.t B(lrfl.\~l~1
<br />(a} p-a)~ Lt"uder .ll "urn'" \l,hlch tht:ll \,\.\)uid he Jut: under t1m. Se<.:unl\- ln~trurnt,'nl <-i.no the ;\01e h~:.d nil d~u,>lcrathln
<br />~)V.;urr-eJ_ I:h -\,'un:~ an) Jd4Ult vI Ila) uther ,,-ovenaIH!t ,,If agtcemt.:'Hb,' \";.',J PllY'" .liJ e.\iX'Il?'>I::" 1Il..:'urrl'u 11) l>nf;..m,:lI1~ Itll\'
<br />Se\:UrH} In'-H'lJ.mt-nt. mdudmg, nt'll tH,ll bmlled Hi, n~-4h(!n3bj(' .JH.\.~rni;:,h' ft'e~, and \di lil)..(";. \l1'l,'h Q.:IJon .I" It'fhkr lHJj~
<br />fC.f1.).i.m..:lb-h n::4l.H.ft t" u.;"",ut\,': ih.tl lhe btn lfll'!> S~unt~ ln~uumcnL LeHder'." n~hh !.i] ~h,' Prt\pt.'rt~ anJ l:hlrW\\t;:1 ....
<br />nb-hjJlJKIII lu lh( Hun.\ ;..e-;;ur(;:~ Itn~ "".xU.rlly (n~lrUmetl1 ",hrtJi ';-i\nllm~e Unl..h.'j.lic,~d t 1"')0 !,"Hi:..I,,1!cHj.(;nl t-\
<br />1\.,;1ff\j'4.c:c Iii..... h-\uumt:m Illt: .,bh~aH()n.. ~<;.-ured fwn::tr.. ...!w1J f('i'll,Hr: f\\ll'. dk(H\"~ .1.." If I;, ,1..'..'<.'kLiltcl.l!1 h;Hj
<br />~;.~ft'd H~''\,,; ,ft. ;i,h ! ~gl,l h' I ntil>.t.iJt -;.hal! lin!. ilprd} :tH' -..:<t-';'t' ;'f d",,-d1;,",i,h't r <\: .l~i .q"n... ; ,
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