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<br /> �a� �.003��
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<br /> If Lcnd:,r r:,quir�i a�art�aaz insuraac,a as a canditiass of making the toan secur.°d hy this S�curity Inst�um:.nt,
<br /> Borrower shall pay the pre�p�ums required to maintain the insuranca in effxt until such time as the requirement for the
<br /> insurance tetminates 1a accordance with Bonower's and Lendar's wrltten agreement ar applicable law.
<br /> 8. Iaapection. I.ender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br /> shall give Borrower notice at the time ofbr prior to an inspection apecifying reasonabla cause for the inspection.
<br /> 9. Condemnation. The proceeds of any award or claim for damages,direct ar consequential,in connection with
<br /> any condemnation or oiher taking of any part of the Property,or for conveyance in lieu of condemnation, are hereby
<br /> assigned and shall be paid to Lender.
<br /> In the event of a total taking of the Pmperty,the proceeds shaU be applied to the sums secured by this Security
<br /> instrument,wheiher or not then due,with any excess paid to Borrower. In the event of a partial taking of the Praperty,
<br /> unless Borrower and Lender otherwise agra in wriring,the sums secured by thia Security Instrument shall be reduaod by
<br /> the amount of the proceeds multiplied by the following fraction: (a)the total amount of the sums sa:urod immediately
<br /> before the taking,divided by(b)the fa�r raarket 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 oft'ers to
<br /> make an award or settle a claim for damages,Bonower fails to respond to Lender within 30 days atter the date the notice is
<br /> : given,Lender is authorized to collxt and apply the proceods,at its option,either to restoration or repair of the Property or
<br /> to the sums secured by this Security lnstriiment,whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing,any application af proceeds to principal shall not�atend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 sud 2 or change tht amount of such payments.
<br /> 10. Borrowe� Not Released; Forbeuance By Lender Not a Wai�er. Extension of the time for payment or
<br /> modification of amortization of the sums secured by this Socurity Instrument Rranted by Lender ta any successor in
<br /> interest of Horrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br /> Lendet shall not bc rcquired to commence proceedings against any successor in interest or refuse to extend time for
<br /> payment or otherwise modify amortization of the sums secured by this Secwity Instrument by reason of any demand made
<br /> by the original Borrower or Horrower's snccrssors in interest.Any forbearance by Lender in eaercising any right or rcmedy .
<br /> shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> il. Snccessora aad Ass�gos Bonnd;Joint and Several Liability;Co-signers. The cuvenants and agreements of �
<br /> this Socurity Instrument shall bind and bene8t the successors and assigns of Lender and Borrower,subject to theL provisions .
<br /> - . �f r»�r�s 1?.�.,^rro�>tr'v�rar.^^ts:.na Y^-�ss:assto O:s:.�!�j�s:.�W��oV�Y,Yt�lA1ll3 YV,1 V��rl Mtly yV-,�i �lO�ijfJ VbbY1.i
<br /> Instnunent but dcxs not eaecute the Nate:(a)is co-signing this Security Instrument only to mortgage,brant and convey � :
<br /> that Bonower's interest in the Pmperty under the terms of this Security Instrument;(b)is not personally obligated ta pay -.
<br /> the sums secured by this Security Instrumrnt;and(c)agreas that Lender and any oth�r Borrower may agree to extend,
<br /> maiify,forbear or make any accommodations with regard to the terms of this Security Instrument or the Note wiihout
<br /> that Borrower's consent.
<br /> 1Z. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan "-
<br /> eharges, and that law is finally interpreted so that the interest or other loan chargp collected or to be cc�llected in �
<br /> connection with the loan exceed the permitted limits, chen: (a)any such loan charge shall be reduced by the amount
<br /> � neassary to reduce the charge to the permitted limit;and(b)any sums already cotlected from Borrower which exceeded
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> undor the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction will be treated as a ;�
<br /> partial prepayment without any prepayment charge under the Note. ��
<br /> 13. Legiisl�tton Affecting Lender's Rig,hts. If enactment or expiration of applicable laws has the effect of i�"
<br /> rendering any provision of the Nate or tlus 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,I.ender shall take the steps specified in the second paragraph of ;,�
<br /> paragraph 17. �:.�
<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br /> mailing it by Srst 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 Lender.Any notice to Lender shall be given by
<br /> first ctass mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notice
<br /> providal 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;Se�ernbility. ?his Security Instrument shall be govemed by federal law and the!aw of the
<br /> jnrisdiction in which the Property is located. In the event that any provision or clause of this Security lnstrument or the
<br /> , Note conflicts with applicable law,such conflict sha11 not affect other provisions of this Security Instrument or the Note
<br /> which can be given effect without the conflicting provision.?o this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy, Borrower shall be given one conformed copy of the Note and of tt�is Security Instrument.
<br /> 17. Transfer o!t6e Property or a Beneflcisl Interest ie Borrower. If all or any pan of the Propeny or any
<br /> interest in it is sold or transfened(or if a beneflcial interest in Borrower is sold or transferred and Bonower 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 /> secured by this Security Instraitnent. However, this option shall not be exercised by Lender if exercise is prohibited by �`- -�'
<br /> federal law as of the date of this 3ccurity Instrument.
<br /> If Lender exercises this option,I,ender shall give Bonower notice of acceleration.The notice shall provide a period ,
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower musc pay all sums secured by
<br /> this�..r usit�Ia;t:us�cai.t€Lcrsower€ssls i��ay i�;ese sums pr'sor to the e;:pi.t�tioii oi'ii►i�periud,Lender may invoke any
<br /> remedies pemtitta!by this Security Instrument wethout further notice or demand on Borrower.
<br /> � 18.Horrower's Right to Reiestate. If$orrower meets certain conditions, Borrower shall have the right to havc M
<br /> L enforeement af this Security instrument discontinued at any time prior to the earlier of(a)5 days(or such other perioci as
<br /> applicable Iaw may speciPy far reinstatement)before sale of the Property pursuant to any power of sale contained in this
<br /> . Security instrument;or(b)entry af a judgment enforcing this Security Instrument. 'fhose condition�arc that Horrower: `#'
<br /> , (a) pays Lender al) sums which ►hen would ba due under this 3ccurity lnstrument and the Note had no accelerat�on �
<br /> accurred; (b)cures any dePault of any other covenants or agreements; (c)pays all expenties incurred in enforcins this ��
<br /> Security Instrument, including, but not lim�ted to, reasonable attorneys' fees; and (d) takcs�uch a�tion a� Lrnder may
<br /> reason�bly rcyu�re t�assure that the lien of lhsa Security tnstrument. Lendcr's righl�in thc I'r�iperty and N��rrc�wcr'ti "' `
<br /> obli�ation tn pay the wms �ecured by th�s Securiry Instrument shal) c�mhnue unchangcd U�,nn reintit�tement by
<br /> Norrnwer,this Security Imtrument and the nbl�gations s�ecured hereby chall remam fully effect�vr a��f n�+accelrr,aln�n had
<br /> rwcurrcd Hawever,tMc right to reinstate shall not apply in thecase of seceleration under para�raph� I���r 17
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