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<br /> 9o.�—a.00357
<br /> � If Lcnder requuat mortgaga insurance as a condirion of making the loan secured by this Security lnstrument,
<br /> ti��ro�c�r shatZ pay th�prmiu�rt�u#res!to msintsln the incurance in e�'ect until such time as the requirement for the
<br /> insurnnr.e terminates in eccordance with Borrower's and Lender's written agrament or applicable law.
<br /> 8. Inspectloa. Lender or its agent may make rcasanable entries ugon and inspections af'thc Propeny. Lender
<br /> shall give Honower notice at the time osor prior taan inspection specifying reasonable cause for the inspectian.
<br /> 9. CondemnaHfln. 'The procecds of any award or claim for damages,direct or consequential,in cunnection with
<br /> any condemnation or other taking af any part oi'the Property, or for conveyance in lieu of condemnation,are hereby
<br /> assigned and shall be pai�:�Lsnrler.
<br /> In the event of a total taking oP the Property.the proceeds shall be applied to the sum5 secwal by this Security
<br /> lnstrument,whether or not then due,with any excess paid to Borrower.In the event af a partial taking af the Property,
<br /> ' unless Borrower and Lender otherwise agree in wriNng,the sums secured by this Security Instrument shall be reduced by
<br /> the ainount of the proceeds multiplied by the!'ollowing fraction:(a)the total amount of tha suras secured immediately
<br /> before the talcing,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 abandonal by Borrower,or if,atter notice by Lender to Honower that the condemnor offers to
<br /> make an award or settle a claim for damages,Banower fails to respond to Lender within 30 days after the date the notice is
<br /> given,Lender is authorized to collect and upply the proceeds,At its option,either to restoration or repair of the Property or
<br /> t�the sums secured by this S�urity Instrument,whether or not then due.
<br /> ' Unless I.ender and Borrower otherw+ise 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 Relessed; Forbearance By Lender Not a Waiver. Extension of the time for paymGnt or
<br /> modiflcarion of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> interest of Bonower shall not operate to rolease the liability of the original Borrower or Borrower's successors in interest.
<br /> Lender shall not be required to commence proceedings against uny successor in interest or refuse to extend time for
<br /> . payment or otherwise modify amortization of the sums seeurod by this Security Instrument by reason of any demand made
<br /> by the original Banower or Borrower's successors in interest.Any forbearance by Lender in e;:e�c:sing a�y ri�ht or remedy
<br /> i shall not be a waiver of or preclude the eaercise of any right or remedy.
<br /> 11. Sncceswrs and Assi� Bound;Joint and Se�eral Liability;Casigners. The covenants and ageements of
<br /> this Security Instrument shall bind and b�nefit the successars 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 Borrower 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 conv�y 1 _
<br /> � that Borrower's interest in the Property under the terms ot�this�ecurity instrument;ii�l is noi perau,;ai;y o�;�gat�3 i��ay .
<br /> � the snms secural by this Security Instrument; and (c)agas that Lender and any other Bonower may agree to eatend,
<br /> � modify,forbesr or make any accommodations with regard to the terms of this Stcurity Instrument or the Note without
<br /> that Borrower's consent.
<br /> 12. Loan Ch�rgas. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> chazges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in =
<br /> 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 snms already collected from Borrower which exceeded �
<br /> permitted limits will be r�funded t�Bonower. Lender may choose to make this refund by reducing the principal owed
<br /> under the Note or by making a direct payment to Bottower.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�slptlon Affecting Lender's Rights. If enactment or eacpiration of applicable laws has the effect of +�
<br /> i rendering any provision of the Note ar this Security Instrument unenforceable according to its terms,Lender,at its optian, ;. �
<br /> may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies ' �.
<br /> permitted by paragaph l9.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 Bonower provided for in this Security Instrument shall be given by delivering it or by , •:��
<br /> mailing it by first class mail unless applicable law reyuires use of another method. The notice shall 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 mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice
<br /> providod for in this Security Instrument shall be deemed to have been given to Borro�er or Lender when given as provided
<br /> � in this paragraph.
<br /> �S. Gorerning La+r,Severabllity. This Security Instrument shall be gaverned by£ederal law and the law of the
<br /> jurisdiction ir�which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br /> Note conflicts with appticable taw, such conflict shaIi not a9'ect other provisions of this Sccurity Instreiment or the Note
<br /> which can be givcn effcct without the conPlicting provision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument.
<br />: 17. Transier of tbe Property or a Beneflcial Interest ln Borrower. If all or any part of the Property or any
<br /> interest in it is sold or transferred(or if a bensficial interest in Borrower is sold or transfened and Bonuwer is not a natural
<br /> person)without Lender's prior written consent,Lender may,at its option,require immediate payment in full of all sums
<br /> secured by this Security Insttutnent. However,this opiion shall not be exercised by Lender if exercise is prohibited by __ __
<br /> federal law as of the date of this Secnrity Instrument. ; T
<br /> If Lender eaercises this option,Lender shall give Borrower notice of acceleration.The notice sha11 provide a period
<br /> of not less 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,I.ender may invoke any
<br /> ;c��ic$Yi:a i�ii�ii.i�v�t�'ss�t:::ity Insiru:�er,i::'►;tosL furttser aotizt ar�Psran�t nn Rorrower. � . -
<br /> 18.Borrower's Right to Reinstxte. ;f Bonower meets certain conditions,Borrower shall havc the right to have
<br /> � enforcement of this Security lnstrument discontinued a4 any time prior to the earlier of:(a)5 days(or such other periad as • �
<br /> applicable Iaw may specify for reinstatement)before sale of the Property.pursuant to any power of sale contained in this �
<br /> Seeurity Instrument;or(b)entry of a judgment enforcing this Security Instrument. 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 acccleration �
<br />' occurred; (b)cures�ny defauh of any other covenants or agreements: (c) pays all expensrti incurred �n enforcing this �
<br />" Security Instrument, including,but not limited to, reasonable attorneys' fees; and (d) takcs tiuch actiun a� l.riidcr may u`��
<br />; reasonably reyuire tn assure that the lien of this Security Instrument, Lender's rights�n thc Yroperty and Aorrower's .• ��
<br /> obligation tu pay the sums secured by this Securiry [nstrument shall continue unchanged. Upan reimtatement by �•
<br /> Bottower,ihis Secunry Instrument and the nbligations secured hereby ShaU remam fully effechve a�if no accelerauon had
<br /> uccurred.Nowever,thi;right tu re�nstate shall nut apply in the case of aeceleration under paragraphr 1 z nr 1�.
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