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<br /> f If Lender require�i mvrtgage insurancc as a condition of making the loan secured by this Securitp anstrument.
<br /> � Borraw•er shall pay �he premiums rcquired to maintain die insurance in effect until such time as the requirement for the
<br /> insuronce iermiriaces i�accordance with Borrower's an�I.ender`s written agreement or applicabic taw.
<br /> 8, Inspection. Lender or its agent may make reasonable entries upon and inspections of ihe Pr�perty. Lender
<br /> shall give Borrower notice ut the time of or prior to an inspection specifying reasanable cause for the inspection.
<br /> 9. CondemnAtion. The proceeds of any award or claim for dapnages,direct or consequential,in connection with
<br /> any candemnation or other taking of any pan of'the Praperty, or for canveyance in lieu of condemnation, are hereby
<br /> assigned an�shall be paid ta Lender.
<br /> ln tlie event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether ar not then due,with any excess paid ta Borrower.In the event of a panial taking of the Property.
<br /> unless Borrower and Lender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by
<br /> the amount of the proce�ds multiplied by the following fraction:(a)the tatal amaunt of the sums secured immediately
<br /> bcfore the taking,divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> If the Property is abandoned by Bonower,or if,after notice by Lender to Borrower that the condemnor offtrs to
<br /> make an award ar settle 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 ansl apply the proceeds,at its option,either to restoration or repair of the Property or
<br /> � to the sums secured by this Security Instrument,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,any application oPproceeds to principal shall not extend or
<br /> : postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borrower Not Reles�sed; Forbeannce By I.ender Not A Ws�iver. Extension of the time for payment or
<br /> modification of amorti7ation of the �ums secured by this Security Instrument granted by Lender to aay successor in
<br /> interest of Borrower shall not operate to rele�ase the liability of the original Ar►rrowrr or Borrower's successos^s in iatcress.
<br /> Lender shull not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> payment or ot}►erwise modify amortization of the sums secured by this Security lnstrument by reason of any demand made
<br /> by the original Borrower or Bonower's successors in interest.Any fnrhearance hy I.ender in Pxercising�ny righi c�r remedy
<br /> shall not be a wai��er of or preclude the exercise of any right or remedy.
<br /> ll. Successors and Aasigns 8ound;Jolat and Several Liability;Casigners. The covenants and agrcements of , `
<br /> ° this Security lnstrument 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 joint and several.Any Honower who co-signs this Security "
<br /> Instrument but does not execute the Note:(a)is casigning 2his tiecurity lnstrument only to mortgage,graat and convey � �
<br /> ha aua c s a • ' • O s.., c t iL • s� •s� t- --s-
<br /> = I_.,.i�^M4_.�i�...:tLri�.Sf:.�:8.:L:�:..�y;37a"�Ci 2.�..i.."i7i3��if i�iib.�c'iiiiity�ii5iiiiutcni;�vj;s i�oi}�cisuu�uy vungttiui iv PnY i_:�:
<br /> the sums secured by this Security lnstrument;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 without
<br /> that Bonower's consent.
<br /> ' 12. Loan C6arges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> , charges, and thai law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br /> s connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount �
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded
<br /> ; permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principa)owed
<br /> ' under the Nate or by making a direct payment to Borrov�er. If a refund reduces principal,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> 13. Leg[slatian Afieeting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br /> ' rendering any provision of the Note or this Security Instrument unenforceable according to its terms,Lender,at its 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 exercises this option,Lender shall take the steps specified in the second paragraph of
<br /> paragraph 17.
<br /> 14. Notices. Any notice to Horrower provided for in this Security instrument shall be given by delivering it or by ;;�
<br /> mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the �
<br />: Praperty Address or any other address Horrower designates by notice to Lender.Any notice to Lender shall be given by �
<br /> first class 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 given to Borrower or Lender when given as provided � �-
<br /> in this paragraph.
<br /> 15. Governing Law;5everability. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security ]nstrument or the
<br /> . Note confticts with applicable law,such conflict shal!not affect oihcr pravisians of this Security Instrument or the Note
<br /> which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. $orrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security lnstrument.
<br /> 17. Transfes of the Property or a Beneflcial Interest in Borrower. If all or any pan of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Bottow•er is not a natural
<br /> person)without Lender's prior written consent, I.ender may,at its option,require immediate payment in full of all sums
<br /> secured by this Security lnstrument. Hou•ever, this option shall not be exercised by Lender if exercise is prohibited by
<br /> federal law as of the date of this Security Instrument. r-- _--' '
<br /> If Ixnder exercises this option,Lender shall give Borrower notice of acceleration. The notice shall provide a period �
<br /> of not less ths�n 30 days from the date the notice is delivered or mailed within which Borrower rnust pay all cums secured by
<br /> this Serurity]nstrument.If$orrower fails to pay these sums prior ta the expirat�on of this period, Lender may invoke any
<br /> remediespermitted by this 5ecurity lnstrument without further natice or demand on Borrower. �
<br /> 19.Borrower's Right to Reinstate. If 8orrower meets certain conditions. Borrower shaU have thc r�ght to have
<br /> enforcement of tfiis Secunty Instrument discontinued at any time prior to the carlier of:(a)5 days(or such other period as �
<br /> � applicable law may specify for reinstatement)befnre sale of the Property pursuant to any power of salc contained in thic
<br /> Security Instrument;ur Ib)entry af a judgment enf�rcing this Scrurily Instrument. Tho�e conditians are that E�ortoa•cr:
<br /> (�! pays Ixnder all sums which then would be due under this Serutity Inttrument and the Note had nn accrleration •�
<br /> uccutred, (h)cure5 any default of any uthrr cnvenants or agrcemenls: (c) pays aU expen5e� incurred ui enPorc�ng this ' ��
<br /> Secunty Instrumeut, �aiclucimg, but not iimited to, reaumabir�ttorneyti' fees; and /d) take� �urh act6i�n ati I.ender may �
<br /> rca��nably reyu�re tn;�s�ure th:�t the hcn nf�h�s Secunty (n�t►ument. I endcr'�. n�htti �n thc !'roperty and H��rn��ver'ti
<br /> nhii�t�u��n ta� paa the tiumti tiecured by this Secu��ty Intitrumrnt rhall cnntinur unchanfied 1'�x�►T rrin�t:�tcmrr�l hy �'
<br />. Hc,rv�iurr.th��Sccu�ily tmtrurnent ai�d ther,bhgatu�ns secured hc«hy �hall rem.ur�full} eOecti�r:��,if nn a.cel�•rau�+n h;id
<br />. �,<<tirrcd I�n«c�cr.tl:�ti n�;ht tn rc�ri�tzitc tihall nr,t;iphly �n thc ratic��f.icccicr.�m,n unil�•r �+,ire�r.i��h� 2 �nr 17
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