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<br /> '---���-�-�� . �7�"'� • 103953
<br /> ' � If Lender required mortgaqe lnaurence as a condition ol makfny the loan aecurod by this Securlty Instrumont.
<br /> Borrower ahall pey the premiums required to malnlaln the Insuranco 1n ofl�ct til g��y�f?q�E'as the requirement lor th�
<br /> Insurence termfnates in eccordance with Borrower's and lend�r's wrlttilfapr�Fl��it,�@���Cable laar.
<br /> � a. Intpaellon. Lender or Ils apent may make reaeonable entri�8 upon a��11!1$paatiohs of Ihe Pioperty.Landor
<br /> ---= thell yive 8orrower notice at Ihe time o!or prior to an Inapectlon specNylnq reasor►Yb�o c�uN}or lhe in�pection.
<br /> �. ConMmn�tion. Theproceedaofanyawardorclafmtordamegea,directorconsequential.inconnoctlonwfth
<br /> _. -- _
<br /> any condemnetion or other toking of any part of the Property,or tor conveyence fn Ileu of eondemnYUon,are ho►aby
<br /> ' assiqned and shall be paid to en er.
<br /> , In the event of a total teking of the Properly,the proceeds shall be eppHed to the aums secured by this 5ecurity �^
<br /> — Instrument,whether or not tAen due,wflh any excess paid to Bor�ower.In the event of a partlal takfng of the P�operty,
<br /> ��� unless Bor•nwer and Le��p►otherwise agree�n writing,the sumesecured by this Security Instrument shall bereduced by
<br /> = the amount of the proceeds multiplied by the tollawing fraction:(al the total amount ol the sums eecured immedlately
<br /> ""�'��� before the laking,divfded by�b)the lair market value of the Property fmmed�ately belore the taking.Any balance ahall be
<br /> --_y__---�..n�
<br /> paid to Borrower.
<br /> -_'�°`��"��� If the Property is abandoned by Borrower,or It,after nohce by Lender to Borrower that the condomno�ollers to
<br /> '��?�!ra�°"`�."�- make an award or gpttlw a r.laim(�rdHmages.80�rower fails to respond to Lender within 30 deys after thedatethe notice is
<br /> ---"----i--°` = given.Lender is authori=ed tocollect and apply the proceeda,a1 its option,e�ther to restoration or repair of theProporty or —
<br /> ��"'�� to ihe sums secured by this Secunty Instrument,whether or not then due.
<br /> --- _— —���r� Unless Lender and Borrower otherwise agree in writing,any application of proceeds to pr�ncipal shall not extend or
<br /> — -_�.-:� postpone the due date of the monthly paymeMS referred to in paragraphs t and 2 or change the amount ol such paymenls.
<br /> "� °'° 10. Bonow�r Not R�N�s�d; Forb��ranc� By L�nd�r Not a Walvu. Extension of the tlme lor payment or
<br /> L;����:,,�ce: moGlficetfon of amortizatlon of the sums aecured by Ihis Sercurlty Instrument granted by Lender to any successor In _
<br /> �=:�•`^�. interestofBorrowershallnotoperatetoreleaselheliabNityoftheorlgf�alBorrowerorBorrower'ssuccessorainlMerest _
<br /> _'�"�'��'�'��'.' Lender shall not be required to commence proceedings against any succeasor in interest or retuse to extend tfine tor
<br /> �.�d�_::�.;;;��• payment or otherwlse modity amortizatfon ol the sums secured by thls Securlty InstrumaM by reason of any demand
<br /> �+ �� � Y� made b the origlnal Borrower or Bo�rower's sucaessors in Interest.Any forbearance by Lender in exerclainqa�y ripht or
<br /> . �{r�6r"��''�,yi<<3:.- y
<br /> .•..i . `�.• remedy ahall not be a waiverof or p►eclude the exercise of eny right or remedy.
<br /> `�':r+`..=+t ;ay: 11. Suc�uo�sandAsd�mBound;JolntandSQVO►alLlabNlty;Co•slpnQrs. Th�covenantsandag.eementsofthis
<br /> � •�:;�•:.,-•�
<br /> �+�`�'���t"='-•�f�•� Secu�ity Inatrument shaU hmd and beneld the successors end ass�gns o(Lender and Borrower.subject to the provis�ons
<br /> _;�. +�.,:�,_, !z�, nd.
<br /> ==�:�.�r�y .k•., .: o! paragraph 1Z Borrower's covenants and agreements shall be�omt and several. Any Borrower who co-signs this
<br /> ��'��--°���-- 3ecurity Inslrument but does not execute the Note.(a)is co-s�gning th�s Secunly Instrument only to mortgage.grant and
<br /> r�.Yx4a•.u��d � ;.
<br />— ��1���_ convey that Borrower'smterest inthe Property under the termsol lhis Secunty Instrument:(b)is not perso�ally obhgate
<br /> .,_y_«:�Y to pay the sums secured by th�s Secunly Instrument:and Ic)agrees that Lender and any other Borrowor may agree to
<br /> -`;n:,,��.,,,:: — exiend.madify,lorbo;s:o�meke e!ty 8r��mmn�iahonS wdh reqard to the lerms ot this Secunty Instrumenl a�the Nole
<br /> ,:q�f�,;�t;e, e w�thout that Borrower's consent �
<br /> � '� .� 12. Loan Chargos. If the loan securad by this Socunly instrument is suh�ect to a law which sels max�mum loan —
<br /> ^J`;l'•-� ���%�i,,r Cherges,and that law is Nnatly mterpreted so that the mlorest or other IoAn charges colleCted or to be collected in
<br /> 6�• �'�� '� ° �� connection with the loan exceed the promitted limits.then (al any such loan chnrge sht�ll be reduced by the amount
<br /> �.;2���'�or�?a..�'?' necessary to reduce the charge to tFte permrtted hmit.and(b)any sums alre�dy collected from 8orrower wh�ch exceeded
<br /> w�;��:*;;,y;;� permitted ifmits will be refunded to Borrqwer Lender may choosa to make Ihis refund by reducing the pnnc�pal owed _
<br /> - :k° _,'�,, under the Note or by makmga duact pTyment to Borrowc�r If a rclund reduces pnnc�pal.Ihe reduction will be treated asa
<br /> • r.°•.-"�,:�'�. •� partial prepayment w�thout any prepayment charge under the Note
<br /> � ,,�;•� 13. Layl�latbnANeelinglender'sRighls. Ifanactmentorexpunt�onotapplic:+blelawshastheeftectofrendenng
<br /> �,���������� any provis��n ol the Note or Ihis Securily Instrument unenforcoable accordinc�to its terms.Lender,at itsoption.may
<br /> " l�.�'°d�'q require immediatQ payment m tullof all sums svcured by this Securdy Instrument and may mvoke any remed�es permitted
<br /> �•�� b ara �e h 19 It Lender exercises th�s option. Lender shall t�ke Ihe stops specilied in the sQCOnd paragraph of
<br /> • ..,,�e;<<.•�:�.m�. Y p 9 P
<br /> ?�+;!�":- .w4* paragraph 17
<br /> �=`'�"'..°i°'"`�': � 14. Notkos. Any not�ce to Borrowcer prov�ded lor m th�s Security Instrumei�t shall be gwen by delwer ing d or by
<br /> . •�• , maili�g it by tirst class mail unless applica�ble law reqinres use ot another m�+thod The no[�ce shall he duected to ihe
<br /> ` . � `J Properly Address or any other address Borrower d�signatrs by noticr to L��ndor Any noUCe to Lender shall be grven by
<br /> ' 'r • .. " � ' first class mail to lendpr's address slated herein or any other addrrss L�nd�r design�tes by notice to Borrower Any nohce
<br /> •�•��' �t'� d :.� providedtorinth�sSecunty�nstrumentshallbedee�nedtohs�vabeengwentoBorrownrorLenderwhengrvenasprovided
<br /> ' ' '� in lhis paragr�ph
<br /> ;.,�y . 15. aovernln9l.aw:Sev@rabillty. Th�s Sec�udy Instrumcnl sh�ll he govcrned hy federnl law and the law of the
<br /> ,.r.;' ,., .
<br /> ,..;�„,,,,,,,;.,,;.�.�,.� �ur�sdlction m which the Property is locolod In the eve�t Ihat any prowsion o�clause of this Secunty InsUument or the
<br /> •�': �;, �. � Note conllicts w�th applicab�e law.such conthct shall not af Iect olher provisions ol th�s SQCUnty Instrument or the Note
<br /> .�,',';� ` ` whichcanbegrvenelfeCtwdhouttheconfhcUngprOwsion Tolhisendtheprov�sionsofthisSecunlylnstrumentandthe
<br /> Nole are decl:�red to he severnble
<br /> 18. Borrower's Copy. eorrowor tin,tll be�grv��n�im��'unfc�rmi�d Copy UI thp Note and ol this Seav�ty I nstrument
<br /> 17. Tran�ferol the Property or a BoneficiallMerest fn Borrowe►. H,�II o�.iny p:ut uf the Propertyor any intcrest m
<br /> •� •• ' it i5 sold or tran5ferred lor d�henefic�al mter�st in Bor�ow�r�s sold or transfc��r�d and Borrowc�� �s not a natu ral personl
<br />� �r• ' wdhoulLender'spnorwntlenconsent.Lendermay.atitsophun-�t+Uuii��m����'�iiali�(�ayment�nlullofallsumssecure�dby
<br /> .+ th�s SeCUrdy Instrument Howc�ver.th�s opl�on shall not he exercis��d k�y Le��dc�i i�rx��rcise is proh�biMd by tederal 18W ASOI
<br />� � � the date ot th�s Securiry Inslrument "
<br /> �� If Lenderexerc�ses this opt�on.Londor shallqrv�Borrowri nut�ce ol acc�leration Thr nohcesh:ill providcFt penod
<br /> ' ' olnotl�+sslha�30daystromthedatt thenot�ceisdelrvaredorm�Uedw�thinwh�ChBo�i��wE��mustpayallsumssecuredby
<br /> � " � ' th�s Sewnty Instrumcnt II Borro�ter tads to p;ty theso cun��pnor In the expiration o(this penod.Lender rney invoke any
<br /> � �; • � remedies permdted by In�s 5ecwity Inslru�rn�nt withuut lu�ttir��iot�cr ui dirmai�d un Borrower
<br /> 18. Borrower's RIyh1 to Reinsfate. �i d�<<�w�•� �»�'�'15���'����n cond�t�ons-9orrower shalt h:►ve ther�c�ht to have
<br /> ^ ., enlorcement o�this Securdy Instrument discuntmued at�tny lime pnor to thC eirl�er uf (.11 5 days(or such ullie�period ds
<br /> ,� apphcable law may spec�ty fo� remstatemc���U hi�torr s.Ur ot Ihe PropNrry p�usuant to any pow�r ol saie contained in th�s �
<br /> _'*�?��+.- ..� 7�,.. n.�.��.,nc arntNatRnrrnwc+r 1:11
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<br /> .. -- i SCCUfIfYlflStfUR1E'llt.0►�DIPnt►y0ia�ucly�ncnii•niv�����.�u��a.x.�.;�.�................. ......,_ .._.._..._.._.. ..
<br /> - - - �
<br /> � pays Lender all sums whichthen would be dut�undrr th�s S��cunty Instrument and the Nole had no acceleralio n occurred
<br /> (b)cures any detault of any other coven,tnts u� ,�gu�rnu�nts 1�'I piys all expenses mGU�rCd in enforcing tHis 5e•cunty
<br /> � � Instrument.mcluding.butnot I�mited to.re:�son.ibl��1lturney5 fot�s and Idl takes such acUon as Lender rnay reason,tbly �
<br /> � requve toassure that the lien ol lhis 5ociu�ty InsUument.Lender's nghts�n the Property and 8orrower sobhqabon to pay
<br /> ' the sums seCUred by th�s Securdy Inshument shall�nnUnue unch�nged Upon reinstate�»ent by Dorrower ttn5 S�cunty
<br /> „ . Instrument and the c�bliq�t�o�s securod hrrrhy sh:�ll rrro�un tully rllrctwr as�f nq aC��I���ah�,n h.i�1 occurc�rd Huw��w�r
<br /> • this nght to�emstnte shall not aqply�n the casr o1 acceler.�Uon unde� paragraphs 13 or 17
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