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<br /> a e insurance as a condition of mskin the loan secur�b thi�ury'ft�Ms�ment,
<br /> � If l.ender required mortg g g Y
<br /> Botrower shs1�pay the premiums required to�maintain the insuranca in etFect until such titne s�s the requiranent for the
<br /> in;ut�dc�ternHnites in accordance with Borrower's and Lender's written agreement or applicable law.
<br /> t . 8. Y�an, i.rnder or its sgent may mske re�sonabir eniiies upon ar+�i i;u�:.ti�r,s af:h� °ra�arly. Le:t3.r
<br /> shaH�ive Hofrower notice at the time of or prior to an inspection specit�ring reasonable cause for the inspection.
<br /> ` '°-"'' 4. Condeauu�tla+. The proceeds of any awud or claim for damages,direct or consequential,in corinxtion with . .
<br />� sny sondemn�tion or other uking of any part of the Property, or for conveyance in lieu of condemnation,are hereby �
<br /> assip�ed and shall be paid to Lender.
<br /> In the event of a total takiag of the Property,the proceeds shall be applied to the sums secured by this Sect�rity �
<br /> Inatrumait,whether or not then due,with any excess paid to Borrower.ln the event of a partial taking of the Property,
<br /> unlas Bonower and Lender othervvise sgee in writing,the swns secured by this Security Instrument sh�ll be reduced by
<br /> the unouat of the proceeds multiplied by the follo�ving fraction: (a)the total amount of the sums secured immediately
<br /> before the tsking�divided by(b)the fair muket v�lue of the Property immediately before the taicing.My baiance shall be
<br /> � paid to Horrower.
<br /> If the Property is abandoned by Borrower,or if,ufter notice by Lender to Bonower that the condemnor offers to
<br /> make an swud or settle a claim for damages,Borrower fails to respond to Lender within 30 days atter thc date the notice is
<br /> given.Lender is suthorized to collect and apply the proceeds,at its option,either to restoration or repair of the Property or
<br /> to the sums secural by this Security Instrwnent.whether or not then due.
<br /> Unlas Lender and Horrower otherwise agree in writing,any spplication of�roceeds to principil shall not extend or
<br /> postpone thr due date of the monthly piyments referred to in puagraphs 1 and 2 or change the amount of such payrnenu.
<br /> 10. Borrower Not Rele�ed; Forbearance By ?.ender Not a Wai�er. Eatension of the timc for payment or
<br /> tnodi8cation of unortiution of the sums secwed by this Socwity Instrument granted by Lender to any successor in
<br /> interest of Bonowar shall not operate to release the liability of the original Borrower or Horrowet's successors in interest.
<br /> Lendu shall nat be roquired ta rnmmance proceedings against any successor in interest or rtfuse to extend time for
<br /> p�yment or otherwise modi�jr amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> by the original Borro�ver or Borrower's successors in interest.Any forbearance by Lender in eaercising�ny right or remedy
<br /> shall noi be s�vaiver of or praclude ths eXacise of any right or remedy.
<br /> li. Succe�wrs aad A�i�f Boued;Joint a�d Se�enl I3abillty;Co-�i�ners. The covenants and agreements of .
<br /> this Socwity Instruiment shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions
<br /> of paragnph 17.Borro�ver's covenants and agrcetnents shall be joint and severnl.Ar.y Borrower who co-signs this Security
<br /> � Instrumtnt but does not execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey
<br /> thst Borrower's interest in the Pmperty under the terms of this Socurity Instrumtnt;(b)is not personally obligate�to pay
<br /> - �_ i t_ t•.,O.. 1_...�..� A t 1 . i«.A.• .� m wa��srk tff wtt�nf� _ .
<br /> - - �tic aWitS�rCi:iucu v�iuia.ae�.-iiiai�suasawaaciit;Si'iu�C���ieca a�ia2 anasve, :..Z��:t�9l�:L. !TL`..�' S!'..��..a,.........�......_, r _
<br /> � madify,forbar or ma�ce any accommodations with regard to the terms of this Secwity Instniment or the Note withovt -
<br /> thst Bonoaer's consent. -
<br /> - ]a. Lo�C1�arges. If the loan secured by this Security Instrument is subjeet to s law which sets maximum loan
<br /> chuges. and that law is firially interpnted so th�t the interest or other loan chuges collected or to be collxted in
<br /> connxtion with the loau excood the permittod limits, then: (a) any such loan chuge shall be reduced by the amount _ -
<br /> nocessary to reduce the chuge to the permitted limit;aad(b)any sums already collected from Borrower which eatcadod
<br /> � pernritted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principxl owod �
<br /> ; under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reduction will be trated as a
<br /> patial prepayment without any prepayment charge under the Note.
<br /> 13. I.e�lstlon Alt�etie� Lender's Ri�Lb. If enactment or expiration of applicable laws has the effect of
<br /> rendering any provision of the Note or this Security Instrnment unenforceable according to its terms,Lender.at its option,
<br /> msy require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br /> permittod by puagxph 19.If Lender exercises this option,Lender shall take the steps spexified in the second paragraph of '
<br /> P�SraPh 17.
<br /> 14. Notkp. Any notia to Borrow�r provided for in this Security Instrument shall be given by delivering it or by .,irr,;
<br /> mailing it by Srst class mail unless applicable law requires use of another method. The notice shall be directed so the
<br /> Property Address or any other address Bonower designates by notice to Lender.Any notice to Lender shall be given by �`�
<br /> tirst class mail to Lcmder'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 L.ender when given as provided
<br /> in this pusgraph.
<br /> 15. Gq=eratn�Law;Se�enbility. This Security Instrument shall be governed by federal law and the!aw af the
<br /> jurisdiction in which the Pmperty is located.In the event that any provision or clause of this Security Instrument or the
<br /> Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note
<br /> which ean be given effect�vithout the conflicting provision.To this end the provisions of this Security Instrvsneset and the
<br /> ' Note are dxlued to be sevorable.
<br /> 16. Horrower't Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrnment.
<br /> 17. Transfer o!the Property or a Beneflcid Interest in Borrower. If all or any part of the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Bonower 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 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 Instrument.
<br /> If Lender exercises this option,Lender shall give Bonower notice of acceleration.'1'he notice shall 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�ums secured�by
<br /> this Security lnstrument.lf Borrower fails to pay these sums prior to the eapiration af this period,Lender may invoke any
<br /> � remedies permitted by ihis Security Instrument without further notice or demand on Borrower.
<br /> t�t �tnlrnw���x Rivht tn Rti�uetate. If Bonower meets certain conditions; Borrower sha11 have the right to have �
<br /> -- enforcement of this Security Instrument discontinued at any time prior to the earli�r of:(a)5 days(or such other period as
<br /> -.._ Applicable law may spocify for reinstatement)before sale of the Property pursuant to any power of sale contained in this �
<br /> —_- ( 5ecurity lnstrument;or(b)entry of a judgment 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)cures any d�fault of any other covenants or agreements; (c) pays all expenses incurred in enforcing this �
<br /> —_°` Security lnstrument, including,but not limited to, reasonable attorneys' fees; and (d) takes such actian as Lender may �p�
<br /> � ""° rasor�ably rtquire to assure that the lien of this Security Instrument, I..ender's nghts in the Property and Sorrower's st�
<br /> �,"' obligation to pay the sums secured by this Security Instrument shall cvnt�nue unchanged. Upon reinstatement by r'
<br /> �"�� Borrower,this Security lnstrument and the obligations secured hereby shall remain fully effective as if no acceleration had `''�
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<br /> ...�'". occurrtd.However,this nght to remstate shall not apply�n the case of acceleration under paragraphs 13 or 17
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