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<br /> � 11 Le�nder required mortgage insur�nce as a condition of making the loxn secured by this Security lnstrument,
<br /> Borrower shal! pay thG ptemiums required to maintain the in9urance in effect until such time as the requiremant fot the
<br /> — i�surance ter�iaotW a�accardar��:ith Bo;�ower's and L�.-nd�r•s��riiten agst:nrnt ar a�plicaLt�I�w.
<br /> S. Intpectloa. Lender or its agcnt may make ra�sonahle entries upon and inspcctions of the Property. Laender
<br /> shall�ive Hortower natice at the tima of or prior to an inspection specifjring reasonable cause for the inspection.
<br /> .9. CoademniNon. The proceeds of eny awa�d or claim for dam�ges,direct or consequential,in connection rvith
<br /> any condemnation or other takin�of any put of the Property, or for conveyance in lieu of candemnation, are hereby
<br /> assianed and shall be paid to Ixnder.
<br /> In the event of a total taking of the Property.the proceeds shsll be ap�lied to the sums secured by this�ecurity
<br /> Instrume�t,whether or not then due,with any eacess paid to Borrower. ln the event of a p�rtial taking of'the Property.
<br /> unlea�Borrower and Lender otherwise agree in wriring,the sums secured by this Security Instrumrnt ahall be reduced by
<br /> the amoun�of the proceeds multiplied by the following fraction: (a)the totel amount ot the sums secured immediately
<br /> before the uking,divided by(b)the fair muket value of the Property immediatoly before the taking.Any balance shall be
<br /> paid to Borrower.
<br /> If the Prope-ty is abandoned by Borrower,or if,�er notice by Lender to Horrower that the condemnor offors to
<br /> make an a�vud or settle a claun for damsges,Borroaer fsils to rapond to Lender within 30 days atter the date the notice is
<br /> given,Lender is authorized to collect and apply the procads,at its option,either to restoration or repair of the Property or
<br /> to the sums secured by this Secwity Instrument,whether or not thcn due.
<br /> . Unless Lender and Borrower otherwise agra in writing,any application of�rocads tp principal shall not extend or
<br /> postpone the dne da,te oPthe monthly psyments referred to in paragraphs 1 and 2 or change the amount of such psyments.
<br /> _ 10. Borrower Not Releaud; Forbquance By Lende� Not a W�i�er. Extension of the time for payment or
<br /> modi8cation of smortization of the sums secnred by this Security lnstrument granted by Lender to any sucassor in
<br /> interes!of Borrower shall not o�rate to release the liability of the original Borro�ver or Eorrower's succes.sors in intere9t.
<br /> � Lender shall not be reqnired to cflmmence pracadirigs against any successor in interest or rePose to extend time for
<br /> payment or otherwise modify unortization of the sums secured by this Secnrity Instrumtnt by reason of any demand made
<br /> by the originAl HorroMer or Horrower's succe.asc�ra in interest.Any forbearance by Lender in eaercis�ng any right or remedy
<br /> shsll not be s waiver of or preclude the ea�rcise of any right or remedy.
<br /> li. Sre�eaora aad A�i�Bouad;Joint and Se�eral LisbWty;Co�i�eri. The covenant9 snd agraments of �
<br /> this Secwity Instruraent shall bind and beneSt the successors and assigaa of Lender and Horrower,subject to the provisions .
<br /> . of pangnph 1�.Borrower's covensnts and sgreaaents sball be joint and sevenl.Any Borrawer who co-signs this Security =
<br /> Instrument but does not execute the Note:(a)is co-signing this Security Instrument only to mortgage�grant and convey
<br /> inai aorrower s iriierasi in ine i�roperiy under iwe ierms oi iais$ocuriiy insirumeni;('oj is noi personatiy oougsiea io pay �
<br /> the sums secwod by this Security Instrument;and(c)agras that Lender and any other Borrower msy agree to extend, �
<br /> modify,forbear or make any accommodstions with regard to the terms of this Security Instrument or the Note without
<br /> that Horrower's consent. �
<br /> 12. Loan G'6srQe�. If the loan socure�by this Socurity Instrument is subjett to a law which sets maaimum loan ��,
<br /> chuges, and that lsw is finaUy interpreted so that the interest or other loan chuges collected or to be colloctal in ,�
<br /> connection w�ith the loan eacad the permitted limits,then:(t) any such loan chuge shall be reduad by the amount . �=
<br /> necessary to reduce the ehuge to the permitted limit;and(b)any sums alresdy collcetod from Borrower which excaded -'�`
<br /> permitted limits will be refunded to Borroaer. Lender msy choose to malce this refund by reducing the principal owed :. �
<br /> under the Note or by malcing a direct psyment to Borrower.If a refund reduces principal,the reduction will be treated as a '
<br /> partial prepsyment without any prepayment charge under the Note. i
<br /> 13. Le�blstlon Alie�tin� I.eader'� Ri�hb. If enactment or expiration of applicable laws has the e�'ect of �
<br /> rendering any provision of the Note or this Socurity Instrum�nt unenforcesble according to its terms.Lender,at its option, ; .
<br /> msy require immediate payment in full of all sums secured by this Security Ynstrument and may invoke any remedies t :�
<br /> permitted by pangraph 19.If Lender eaercises this option,Lender shall take the steps specified in the socond paragraph of
<br /> Para8raPb l7. �<;
<br /> . 14. Nodas. Any notice to Horrawer provided for in this Sccurity 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 /> Property Address or any other address Borrower designates by notice to L.ender.Any notice to Lender shall be given by
<br /> first cltas mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice �
<br /> provided'for in this Socurity Instrument shall be damed to have been given to Borrower or Lender when given as provided
<br /> in this paragraph.
<br /> IS. Ggfernie�Lw;Se�enbility. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located.In the evtnt that any provision or clause of this Security Instrument or the
<br /> Note contlicts with applicable law,such conflict shail not affect other provisions of this Security Instrument or the Note
<br /> which can be given etfect without the conflicting provisian.To this end the provisions of this Security Instrument and the
<br /> Nou are dcelared co be severable. �
<br /> 1G. Borrower's Copy. Borrower shali be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Tnrufer o!We Property or a Bene8ctsl Interert ie Borrower. If a11 or any part of the Propeny or any
<br /> interest in it is sold or transferred(or if a beneflcial interest in Horrower 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 full of a11 sums
<br /> secuted by this Security lnstrument. However, this option shall not be exercised by L.ender if exercise is prohibited by
<br /> _ federal!aw as of the date of this Security Iastrument.
<br /> If Lender txercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period ; �
<br /> � of not las than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br /> this Security Instrument.If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any
<br /> remedies permitted by this Security lnstrument without further notice or demand on Borrower.
<br /> � 18.Horrower's Ri�ht to Reinstate. If Bonower mats certain conditions, Borrower shall have the right to have
<br /> enforcemmt of this Security Instrument discontinued at any time prior to tht earli�r of:(a)5 days(or such other period as
<br /> � applicable law may specify for reinstatement)before sale of the Pronerty pursuant to gny power oPsale contained in�his «
<br /> Security Instrument;ot(b)entry of a judgr�rnt enforcing this Security lnstrument. Those conditions are that Borrower: �
<br /> � {a)pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration �,
<br /> � occurred; (b)curer any default of any other covenants or agreements; (c) pays all expenses incurted in enforcing this �.,,
<br /> . =l�; Security Instrument, including, but not limited to, reasonable attotneys' fets; and (d)taka surh action as Lender may ���
<br /> ----_.. reasonably require to assure that the lien of this Security Instrument, Lender's nghts m the Property and IIorrower's
<br /> - % obl�gation to pay the sums secured by this Security Instrument shall cont�nue unchanged. Upon reinstntement by
<br /> ���' 8orrower,this Secunty�Instrument and the obligas�nns secured hereby shaU remam fully effec[ive ati if no ac.ceieratian had �
<br /> { occurrecl. Huwever.lhts ri ht to reinstnte shbll not a 1 �n the cxse nf t►ccelerahon under ara ra �s 1�or 17
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