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<br /> Q::�.:. ° 92— 102296 ��f-:_��:__-
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<br /> " �` " !f Lender required mortgage insurance as a condition oP making the loan secured by this Securily Inatrument, +,...,,�,�_�
<br /> ,. : Borrower shall a the remiums re uired to meintain the insurance in efl'ect until such time as�he requircment for ttie �w:,:,�,.•�_°�_
<br /> ; .
<br /> � ...•'� P Y P
<br /> ' ' � insurance terminates in accurdance with Borrower's and Lender's written agreement or npplicable law.
<br /> . . •T. i =:��"_-
<br /> • 8. lntpection. Lender or its agent may make reusanable entri�:s upun s►nd inspections af t he Propchy Lender - - •–>----- -
<br /> --..,�,��_---�-
<br /> , � shall give Borrower notice at the time oPor prior to an inspection specifying rensonable cuuse Por the in spection. ;':,r�;=.,�;_-_ --
<br /> 9. Condemnation. The proceeds of any award or daim for damages,direct or consequen�ia 1,in connection with �'.,,r���='°a`-=_—-
<br />-: ;:,., � �� any condemnation or other taking of any part of the Property,or Por conveyance in licu of condemnution. are hereby ,,,:..,•����
<br /> ,S�':`', ' �• ' assigned and shull be paid to Lender. �'�
<br /> '��'� ' In the event oP a total taking of the Property, the proceeds shall be opplied to the cums secured by this Security ='�`.����,:�.�:;r;�;;,,__
<br /> . Instrument,whether or not then due,with any excess paid to B arrawer. In t he even t o P u par ti ul tokin g of Ihr Pro p er�y. f'' �T`���`�E"
<br /> '„Y���'���?��:.-
<br /> unless Borrower and Lender otherwise agree in writing,the sums cecured by this Srcuriry Instrurnen t xhall bc reduceJ by � • � .;��.
<br /> , the amount of the praceedc mul�iplied by the following Prac�ion:(u)�he t�tal omount uf the rums x�cured immrdiutely . ;,�s.
<br /> . ' before the�aking,divided by Ib)�he fair market value of the Property immcdi�tely beforc�hr IAkin�. Any Malance rhull he �-•a-�;;
<br /> . . . ' � Paid ta Barrawer. ."' '
<br /> lf�he Properly is abundoned by Borrower,o�if,af'ter noticc hy Lender�a 13arruwer Ihut �he cnndemnur olfery i�� �� "
<br /> make an award or seple a claim Por damugc+,Borrower failx lo respond�a Lender wit hin JO doy�uflcr Ihe dale�hc notice iH r._�.�.-�---_
<br /> " given,Lender is autharixed ta collect and upply the proceeds,at its aption,e�ther to restoraUun cx�epair oPthe Prope�ty��r ti _--
<br /> ro the sums secured by this 5ecunty lostrument,whether or nat then duc. � ��p�.�
<br /> Unless L.ender and Borrower otherwise ugree in writing.uny application of pra:eeds to principal shull not ext�nd or �, � �,,;
<br /> postpone the due date oPthe mnnthly payments referred ta in paragraphs I und 2 or change the amoun�of such payments. • � ,+ r___=
<br /> 10. Horrower Not Released; Forbearonce By [.ender Not a Waiver. 6xtensian oP the time Por payment or '•�'�
<br /> madiflcation of amortiwtion of�he sums secured by this Securiry Instrument granted by Lender to any sw:cessor in -:
<br /> interest oPHorrower shall not operate tu release the liability oP the original 6orrower or Horrower'ssuccessors in interest. `' �,��^��
<br /> Lender shall not be required ta commence proceedings against any successor in interes� or refuse to eatend time Por �.;��
<br /> payment or othenvise madify amortization af the sums secured by this Securily Instrument by reuson �f uny demand mnde 4 -
<br /> ' by the original Borrower or Borrower's successan in interest.Any forbearance by Lender in eaercising any riglit or remedy „. �
<br /> shall not be a waiver of or preclude the excrcise of any right ar remedy. '
<br /> .. � 11. Succe:sors and Assigns Hound;Joint and Several UAbiUty;Casigners. The covcnan ts and agreements of �=`�.�'"
<br /> orrower sub'at tothc rovisions •-��
<br /> this Security lnstrumem shAll bind and beneRt the successors and ussigns of Lender und B . 1 p
<br /> -- oi paragraph i 7.Borrower's covenun��a��d ngreen�ents shafl be joint and scver�l.Any 9crrnwer wh��MSigns thia 5eeurity _ . _ _ �'�
<br /> - Instrument but dc�es nol ezecute the Note;(a)is ca•signing this Security Inti�rument only�o martgage,grant and convey ' . `�.''�
<br /> that Borrower's interest in the Property under the terms of this Secunty Instrument;(b)is not personally obligated to pay ��:��'�
<br /> the sums secured by this Security Instrument;and(c)agrees thut Lender and any other Borrawer may agree lo extend,
<br /> } modify,forbear or make uny accommadationti with regard to the term�oP this Security ln�trument or the Note without
<br /> that Horrowcr'c consent.
<br /> 12. I.oan(,fiarges. If the loan secured by�his Security Instrument is subject to a Is�w which sets maximum lonn ,- �
<br /> charges, and that law is Bnally interpreted so that the interest or other loan charges collected or to be collerted in �
<br /> •� connection with the loan exceed the permitted limilc, then: (a)any such loan churge shall be reduced hy the amount �
<br /> , " necessary to reduce the charge to the permitted limit: and(b)any sum�s+lrcady coll�cted from Borrower which exceedcd � ,
<br /> permitled limits will be refunded to Borrower.Lender may chnoxc to mnke this refund by reducing the principt�l awrd ,
<br /> under the Note or by mnking a direct payment lo Borrower.lf u refund recluces principal,the reduc�ion will i►e treated as a �
<br /> partial prepayment without nny prepayment charge under the Nate. f
<br /> 13. I.eglsladon ARecting Lender's Rights. If enactmem or expir�tion of applicable luwa hu� the eflert of f� :
<br /> rendering any provision of the Nate nr this Security Inhtrument unenforceuhle s�ccording to it�terms, l.ender,s�l it���ption, .
<br /> may require immediate payment in fuU of ull �ums secured hy�hi.Se�urity Imtrument und may invoke uny remedicy. �
<br /> permitted by parugraph 19.If l.ender exercises this option,Lender shall tuke the�trps sFx:cified in th�second pnragraph uP
<br /> ' paragraph 17. l�
<br /> • 14. Notices. Any notice to I�rrower provided for in this Securi�y In��rument�hall he given by deliverinR it or by •
<br /> � mailing it by Brst clasti mail unless upplicuble law rryuires uxe��i'amithc�mcth�►d.Th�natice tih:�ll tk dirrcted to the
<br /> Property Addretis or any other uddretic Rorrower dcsignat��by notirc tu l•endcr.Any nulirr lo Lendcr tihull lx given by :
<br /> �� flrst dass muil to l.rnder'ti udJresti stated herein or any uthcraddretiti l cndrr dc�ignuie+hy n���icr�o i3arrowcr.Any noti�c
<br /> prc�vided for in this Security Instrument�nall hc dremed ti�hnvc hcen givcn to I��rr��Wcr ur Lendrr K•hen given•rti provided
<br /> in thiti puragruph.
<br /> 15. Governinp�Ls►w;Severability. Thiti Security lmt rumcm.hull hc gu�•erneJ hy tedcrul lai��•and thr luw of thc
<br /> �� jurisdiction in which the Nroperly�i�likated. In thc rvrnt that •rny pru��i+iun�x clau+r�,f thi.Srrur ny Intiirument nr ihr
<br /> Nute conflirts w�ith nprlicahlc I:n�. wch runfli�t�hall nut :�Oert ot hcr pro�i�i�mti af'Ihi+Scrurny In�trumcnt ur�hc N���r
<br /> , which ran hc gi�•en effect with�wt�h�ronflirting priwi�i��n.�C��thi�end thr pre���,�on,af thiti Serurit y Instnimcnt und thr
<br /> Notc arc derlared ta he.c�•rrahlr.
<br /> 16. Bn:rowcr's('op)•. Horru��cr�iu�llbr�!i��nonrrunli�rmcd c�,r��,(thr Natr:mJuf thf� Scrunty Intitrumm�t. ,
<br /> 17. Transfer of the Prnpert}•or u HeneHeirl Interect in Hnrmwer. If all�+r anc part��t' thr Pm�xrt� ��r an}�
<br /> intcrc+l in it i.tiold ur tr.mtilcrrrd��,r if:►txnrtirr�l intrrc.i m 13��rru��rr��+�,Id�,r Ir�ml'crrcJ anJ Il��rra��cr��nul:i n�uur.�l
<br /> . per�on)«ithaut Lct�drr',rri��r xnttcn�un+unt, L�ndrr m:ic, a1 u�upnun. rrywrr nnmrdi:ilr p:�}�mrm in full uf all.uu��
<br /> urured hy Ihi�Srrurit� Li�lrumrnt. H�a�r�cr. Ihi���ru��n+li:dl nul hr r�crci,rd h� Lrndrr d'c�e rri�r i�{�rnhihn�d h��
<br /> fcdcrallaw•iu��fthedalc�,l'Ih��ticcunt� In,trum�n�.
<br /> If LcnJrr carrr��c.tln.apn�m.Lrndci tihall gi�r B�,rn�"cr m�u�r��f',i.•rclrr:ui�m. I hc m,ticc .h:�ll pr„�iJc.i�xn��d
<br /> af nut le��than t(1 da���I'r��m�hc datr ihc nuurc i.�Irh�cre�l��r m;ulr�l��ithin��hich Hnrr���►rr mu�t p:i�all•um„rrured h�
<br /> �hi.tirruritvlmtrument 11'13nrru�scrl'ai1.l�,na� thc•.r,um�l•n��rtuthrr�pir:w„n�dlhi��unu�l.l�udrrm.�) m��,kr;ui>
<br /> � remrdir�prrmiurd by��hi.ticrurn� ln,irumcn���uhuu��'urUirr m,ti:r��r Jrou�nd nn H�u•r,,��cr
<br /> � 1R.Iiorrowcr'x Ri�ht to Rcimtntc. If li��rru�arr mrct.rrrtam r�nidivan,. liun•��urr.h.�U ha�r Ihr riEhl 1�� h:��r
<br /> rnli�rcrmcnt nl'Ihi.Srcuru�Imtrwnrnt ili+rnnUnucd at an>umr��nnr t„t hc r.0 hrr„f:1:�1 5 d:��,l��r�u.•h nt h�r��rn�,d:i.
<br /> ,►rri��.�ni�i:n�•ma��,pccit'�li,r rcin,�atrmrnU hrtirre�alc�,I'thr I'n,�x•rt� E,ur�u:ui� �n an� �,����cr of ,;dr rrnt:m�r.l m iln.
<br /> Sccurily In��rumrnt:i,r(bl�ntr}��t a judgtncnt cntbr�•mE Ihi�tii;uii�� In.uinnriu I'h���r:�m�1ni�,n+;�rc ih:�t li�nr���cr
<br /> (u) payti Lendcr all �um. �ch�rh thrn ��•oulJ Ix ctuc unJrr i}u.ti�cunt� In�tnimrw and Ihr ?`�qv h:i�1 nn a.•�•�Icr:iu��n
<br /> �xrurred: lh1 rurr� an��drfaull of an}� ��Ihrr rn�cnanh nr:�tz�ccmrnl,. 1,�1�,:i�.:�ll rv��rn.c,inrurrc�l m riil„i:w� tlu.
<br /> Sccurit�• In.trument. inrludin�„hut m�t limitrd t��,re.n�mahlc;ili�,rnr�; I�r���.:m�l �d1 t;il�r,.u:h:rcn�,n a. 1�•ndrr m:��
<br /> rea���nxhly reywre tn a.�ure that thr lirn„1'th�ti Scrunlc In.lrumrnt. I rn�fcr'. n�ht. �n thc I'i„�,.•n� :mcf H��in���ci'.
<br /> � nbGgauun tu ray thr ,um� tircured by thi. 5rrunty In,irumcnt +h:�ll :anu�iur un.•h;m}�rJ l'�n�n rcm.t:itrmr�u h�
<br /> Bi�rn»�•cr,Ilu�Scrunt� In��rurncntanJlhr��l�li�:iti�m>>�iurr�lhcrch��h,�llrrtn:untulhrlTcili��•.i� i�n��;irirlrr:�u�mhu.i
<br /> n�curreJ.How�e�rr,�h��nght tiire�mtatr�hull a��t ap�l�m lhr ra.r u(acrrlrr:ui�,n undcr p:ir,��raph� I���� 17
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