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<br /> rIf Lender requi�ed mortgagr insurance As a condition oP making the loan secueed by this Seeurity Instrumen�.
<br /> Bor.rower shall pay the premiums required to maintain the insurance in effect until�uch time as she cequirement for the
<br /> insurance terminates in accordance with Bonower's and Lender's written agreame�t or applicahle law.
<br /> 8. Inspection, Lender or its agent may make reasonuble entries upon and inspectians of the Pr�perty. Lender
<br /> shall give Borrower notice at the time of or prior ta an inspection specifying reasonable cause for the inspection.
<br /> 9. Condemnatlon. The proceeds of any award or claim for dama$ec,direct or consequentiul,in eonnecsion with
<br /> any condemnation or other taking of any part of the Property, or for conveyance in licu of condemnation, are heret�y
<br /> assigned and shall be paid to Lender.
<br /> __ ln the event af a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether or not then due,with any eacess paid to Horrower. In the event of a partial taking of the Froperty.
<br /> unless Bonower and Lender otherwise agrce in writing,the sums secured by this Security Instrument shall be reduced by
<br /> the amount of'the prc�eeds multiplied by the following fraction: (a) the total amount of the sums secured immediately
<br /> � beFore the taking,di.�ided by(b)the fair market value af the Property immediately 6efore the takirig.Any balance shall be
<br /> paid ta Borrower.
<br /> If the Property is abandoned by Horrower.or if.after notice by Lender to Borrower that the condemnor offers to
<br /> � make an award or settle a claim for damages,Borroveer fails to respond to Lender within 30 days aRer the date the notice is
<br /> � given,Lender is sulhorized to collect and apply the proceeds.at its option.either to restoration or repair of the Property or
<br /> � to the sums secured by this Security lnstrument,whether or not then due.
<br /> ' Unless Lender and Horrower otherwisc agree in writing,any application of proceeds to principal shall not extend or
<br /> ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. Borrower Not Released; Forbearance By I.eader Noi a Waiver. Extension of the time for payment or
<br /> ' modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> - ' interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's succe.ssors in interest.
<br /> 1 Lender shall not be required to commence proceedia�gs against any successor in interest or refuse to eatend time for
<br /> ' payment or otherwise modify amortization of the sums secured by this Security Instrument by reasan of any demand made
<br /> : by the originai i3orrower or Borrower's successors in interest.Any forbearance by Ixnder i�ezercising aay right or remedy
<br /> � shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> ll. Succeaaors xnd Assiges Hound;Joint uid Severni Liability;Casigaers. The covenants and agreements of
<br /> ; this Security Instrument 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 shal)be ioint and several.Any Borrower who casigns this Security � ..�_�_.
<br /> ; . . . �
<br /> _ inctrnm�n1 hnt�nrc nnt exre��tP the rTnt��(a�ic.^�.c��mo thic Cre�ir�ty Tnctn�ment�nly to mottga¢e,arant and convey �--!--
<br /> i that Borrower's interest in the Property under the terms ol't6is Security Instrumcnt;(b)is not personaliy ubligated to pay � :-
<br /> the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend, -. s-,°
<br /> . modify.forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without �
<br /> : th�t Bonower's consent.
<br /> . IZ. Loan Charges. IP the loan secured by this Security Instrument is subject to a law which sets maximum loan .
<br /> � charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in �
<br /> �
<br /> . connection with the loan eacced thc 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 /> a permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> . under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction will be treated as a
<br /> partia)prepayment without any prepayment charge under the Note.
<br /> 13. Le�slation Affecting Lender's Rights. If enactment or expiration of applicable laws has the eti'ect of
<br /> rendering any pravisian 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 imoke any remedies !�;
<br /> permitted by paragraph 19.If Lender eaercises this option.I.ender shall take the steps specified in the second paragraph of ��
<br /> . paragraph 17. �—�
<br /> � 14. Not[ees. Any notice to Barrower provided for in this Security Instrument shall be given by delivering it or by —
<br /> � ; mailing it by first class mail unless apgticable law requires use of another method. The notice shaA be directed to the �� �"'-
<br /> ' Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by '
<br /> . first class maii to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice . _
<br /> provided for in this Security lnstrument shall be deemed to have been given to Borrower or Lender when given as provided -
<br /> � in t�is paragraph.
<br /> , 15. Governing I.aw;Severs�bility. This Security Instrument shall he governed by federal law and the law of the
<br /> ' }urisdiction in which the Property is located. In the event that any provision or clauxe of this Security lnstrument or the
<br /> ; Note conflicts with applicable law,such conflict shall not affect other provisions of this Security instrument or the Note
<br /> which can be given effect without the con8icting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declazed to be severable.
<br /> . 16, BorroRet's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a Beneficis�l Interest in Borrower. If all or any pan of the Property nr any
<br /> interest in it is sold or transfened(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br /> person)without Lender's prior written consent, Lender may,at its option,require immediate payment in ful}of all sums
<br /> secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by
<br /> federal law as of the date of'this Security lnstrument. ' - ---
<br /> lf Lender exercises this option,Lender shall give Bonorver notice of acceleration.The notice shall provide a period �
<br /> of not less than 30 days f'rom the date the notice is delivered or mailed within which$orrawer must pay all�ums secured by �
<br /> this Security instrument.If Borrower fails to pay these sums prior to the expiration of this period, I,ender may invoke any '
<br /> remedies permiited by this Security Instrument wiYhout further notice or demand on Horrower.
<br /> 18.BorroRer's Rigfit to Rein9tate. If Borrower meets cenain conditions, Rorrower shall have the right to havc
<br /> � enforcement of this Securiiy lnstrument discontinued at any t6me prior to the earlier of:(a)S days(or such uther perictid as �
<br /> L applicable law•may specify fo�reinstatement)before sale of the Pr�perty punuant t�any power c�f sale contained in this
<br /> Security Instrument;ot(b)entry vf a judgment rnforcing this Sccunty Instrument. Thosc condiUons�rc that Barrow•er:
<br /> (a) pays Lendet al) sums which then a;ould be due undcr this 5ecurity I�istrument and the Ncotc had no acceleration �.,,
<br /> c�ccurred; (b)cure4 any default af any ather covenants or agreements, (c) pay� all expenses �nc�rred in cnf��rc�nfi thi� ��
<br /> Security lnstrument, mcludine, hut nut l�mtted to, reatonable attarnryti' fet�: and (d) taketi �uch artic�n .i. I rnder may
<br /> reasan�,hly reyu�re tii actiure that the hen ��f Ihis Security lnstrument. l.ender'� nFht� in the Pri�perty an�1 1�i�rr��wer'� �� �''
<br /> ��bbgat���n t�, pay the swn� �ecured hy thi� Security instrument tihaU c�mtinuc +n,changrd t 'p�m rcin�►atemrrir h� ''
<br /> li�irrower.t�i��Secunty Intitrument anr.i th�:c�hli�at�onti Secured hcrch� tihall ren�:i�n fulf< <•(1�•rti�e��.if n��.,.re�le�r,�n��n ii.ul
<br /> nccurrcc.l. H��arvcr.thi�PiQht tn rein�tatc.h:,ll n��t��r�iy �„�r�r�eue,f ar�a•Irr.��um un�lrr t�.�r.��rr.q+ii� I�„� I'
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