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<br /> � If Lender rrc�wrrd nmrtgage �nsurance as a conditie�n��i�making the loan secured by thiti Secunty I�st�ument.
<br /> Borrotiver shall pac tl�e premiums required ta maintain the insurancr in cflect unt�l su.h Umr a�the requirement for the
<br /> �nsurance terrtunate,in accordance��•iih Barrawer's and Lender's written agreement or applicable la�ti•.
<br />� $. jnspection, i.ender or its agent m�y muke reuavi�uUir rniiic� upuu.u��i iela��tiu�l�u�ihe Fro�►ty. Lcn�ec
<br /> shaU give Barrower aaticr at the time of or prior to a�inspection specifying reasonahle cause for the in�pection.
<br /> 4. Condemnatian. The proceeds af any award or claim for dumages,direct��r consequential,in connection with
<br /> any candemnation or othcr taking of any pan of the Properip, or for conveyance in lieu of condemnation, are hereby
<br /> assigned and shall be ppid to Lender.
<br /> In the e�•ent of a total taking of the Prapeny.the proceeds �hall be applied to the sums secured by this Security
<br /> Instrument, whether or not then due,with any excess paid to Borrower. la the event ot'a panial laking of'the Propeny,
<br /> unless Borrower and Lender otherwise agree in w�:ete::g, the sums secured by this Security Instrument shall be reduced by
<br /> the amaunt of'the proceeds multiplied by the following fcaction:(a)the total amaunt ot'the sum� �ecured immediately
<br /> before the tAking,divided by(b)the fair market�•alue of the Prorerty�mmediately before the taking. Any balance shall be
<br /> paid to Borrow er.
<br /> IS the Propen}�is abandoned by Borrower,or if; after notice by Lender ta Borrower that the condemnor affers to
<br /> make an award or settle a claim for damages,Ba�rower fails to respond to Lender w�ithin 30 days after the date the natice is
<br /> given,Lender is authorized ta collect and apply the proceeds,at its optian,either to restoration or repair of the Prapeny or
<br /> to the sums secured by this Security lnstrument,whether or not the�due.
<br /> L'nless Lender and Bocrower otherwise agree in�vriting,any application of proceeds to principal shall not extend or
<br /> postpone the due date af the monthly payments referred ta in paragraphs 1 and 2 or change the amount os such payments.
<br /> l0, Borrower tiot Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br /> modification of amortizalion of the sums secured by this Security lnstrument granted b}• Lender to any successor in
<br /> interest of Borrower shall not uperate lo release the liability of the original Borrower or Borrower's succesaors in interest.
<br /> Lender shall not be required to commence proceedings againss any successor in interest or refuse ta extend time for
<br /> payment ar otherwise modify amortization of the sums cecured by this Security Instrument by reasan of any demand made
<br /> by the original Borrower or Borrower's successors in interest.Any forb�arance by Lender in exercising any right or remedy
<br /> — shall not be a waiver of'or predude the exereise of any right or remedy. •
<br /> 11. Successors and Assigns Bound;Jaint and Several Liability;Co•signers. The covenants and agreements of •
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrawer,subject to the provisions
<br /> of paragraph 17.Bonower's covenants and agreements shall be joint and several.Any Borrower who co-signs this Security
<br /> Instrument but does not execute the Note:(a)is casigning this Security Instrument only to morlgage,grant and convey
<br /> that Borrower's interest in the Property under the terms of this Security Instrument;(b)is not personaUy obligated to pay '
<br /> - tne sums secured by this Security Instrument;and tc)agrees that iender and any other norrower may agree to eatend, _
<br /> modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without -
<br /> that Borrower's consent. -
<br /> 12. Loan Charges. If the loan secured by this Security Instrument is subject to a law which tiets 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 /> connection �vith the loan exceed the permitted limits, then: (a) any such loan charge ,haU be reduced by the amount =
<br /> necessan to reduce the charge to the permitted limit;and(b)any sums already collected from Borrawer which exceeded ,
<br /> 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 i
<br /> partial prepayment w•ithout any prepayment charge under the Note.
<br /> 13. Legislation Affecting L.ender's Rights. If enactment or expiration of applicable laws has the effect of .
<br /> rendering any provision of the\ote or this Security Instrument unenforceable according to�ts terms,Lender,at its option, ' •
<br /> may require immediate payment in fu1) 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 af '
<br /> paragraph 17. �y� .
<br /> 14. Notices. Any notice to Borrower provided for in this Security In�trument shall be given by delivering it or by ` �
<br /> mailing it by first class mail ureless applicable law requires use of another method. The notice shall be directed to the
<br /> Property Address or any other addretis Borrower designates by notice to Lender. Any notice to Lender s}�a�l 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 gi�•en to Borrowcr or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Governing Law;Severability. This Securit�Instrument shall be governed by federai law and the law af the
<br /> jurisdiction in which the Property is loeated. In the event that any provision or clause of this Security Instrument ar the
<br /> Note conflicts with applicable law,�uch conflict shall not affect other provisions of this Security Instrument or the �lote
<br /> �hich can be given effect without the eonflicting pruvisi�m. Tu this r��d tiir pruvi,inu,uf thi�Srcurity fmtrumrnt enJ the .
<br /> Note are declared to be severable.
<br /> � 16. Bonower's Copy. Rorrawer shall be given one ronformed copy oi'thc Note and of this 5ecur�ty�instrument.
<br /> . 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of thc Property or any
<br /> interest in it is sold ar transferred(or if a beneficial interest in Borrower is sold or transfcrred and Borrower is n�t a natural
<br /> person)wnhout Lender's prior written consent. Lcj�der may,at its option, rcyuire immediatc payment in full af all sumti
<br /> -__= secured by this Security lnstrument. However, ihis option shall not be exeicitied by Lender if exercise is prc�hibited b}� _ _- -
<br /> federal law as of the date of this Security lnstrument. .
<br /> IP Lender exercise5 th�s option.Lender shall give Borr�wer notice of asceleraaon.The notice tihall provide a periocJ
<br /> -- of n�t les�than 30 days i'rom the date the notice is delivered or mailed within which Borr�aer mu�t p�y all�umti serured b�
<br /> - thn Secunty lnstrument.If$orrower fails to pay these sums pnc,r to the expiration�f th�ti period, Lender may inti��ke an}
<br /> remed�cti permitted by this Security Instrument wtthout further nottce or demand on 9orrow�er.
<br /> 19. Borrower's Right to Reinst�te. If Horr�wer meets rerta�n conditinnti, i�urr��wrr~hall h��•r thr nght t�� ha�r
<br /> - � enfnrcrmr.»t��f thi�Security In�lrt�ment d�scontinurd xt any t�me pru�r tn the earher e�f:ta)�da��li�r tiuch uther prnnd:+� �
<br /> applicable law m�y �peciPy i�or reinstatement)before+ale�+f the Yropert}��unuant t��any r��wer��f�alc���nt.>>ncd �n thi. (�
<br /> - Securn} In�trumrnt;eir(h)entry uf a�udgment enf�rnng th!�Serunty In�trument Thc�u r�mdnu�n�arc th.�t H��rr��acr ('�
<br /> (a) payti I.ender all wm� uhich thcn wuuld he due under ihiti Serunty Intitrument and thc ti��tr had n�� .�c.elrr.wnn +h
<br /> ___. �,ccurrrd: (hl cureti any default ��f any <�ther rc�oennntti ur agreemrnt�: (�► pay� aU ex�emr� ii��ur�r�i in cnf��rrin� th�� t�]
<br /> ___ �e�ui�t� Intilrumci�t. mcludm�. but n��t l�mrte:1 tu. reatiun�.+nle utt�rneyti' fer�. an�i Idl i.�l.r� �u�h .�.nc�ii :�, 1 rndrr iu;�t '�•��
<br /> _ - rre,�m,chly rcywri tn :,s�ure ihat thc I�en �,f Ihiti S�curity Imtrumen�. Lendcr'. n}:ht. in tlir 1'��,�,ert} e�id H��rrnHCr . ,
<br /> __;r; uhl�g.ihun tn �n} the ,um, �ecured hy th�� Secur�ty lntitrennent tihall .�m�mur un�h,�n�;ri1 l r��n i<•ni.i.��rnicut In
<br /> :%��i-- ' � (i�,rtnwrr thi�tic�uril} Ir��trunic��l anJ Ihc��hhKau�,m�rcurrd hcr�•h} �hall �r�n.ui� lully rflccti�i�.�.�t ii��.i:�ri�•i.iai�m li,i�1
<br /> • ��t i ui ri•�t tl�,v�c•�rs.thi.n ht t��rcin�t,�tc tih.�ll n��t a I} in thc�etir��t,i�,�It i.�nun undrr ni:��r.� ,h�. 1 l„� I,
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