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<br /> � � tf L.ercder required mostgagt insuranco as a condition of ma�Cing ths toan secured 6�y this Security Instrument,
<br /> Borrocsa shall pay the premiums rcquired to maintain Ehe insutance in effect until such time as the re�uiram�nt for the
<br /> insurance terminates in accordance aith Borrower's and Lender's written agreeme�►t or applicable laa.
<br /> S. I�.spectton. I.ender or its ageat may make rea�onable entri�s upon and inspections of the Property. Lender ,
<br /> shall gi�•e Borrower noticeat the time of or prior to an inspection specifying re3sona6le cause for the inspeciian. �
<br /> � 9. Condenu�tion. The procceds af any awatd ar ciaim far dunages,direct or consequential,in connectian with ,
<br /> . any.candemnatian or other ta�ing of any part of the Property, or for conveyance in lieu of con�emnation,azt hereby
<br /> assigned and shall be paid to I.ender.
<br /> In the event of a total taking oF the Property,.the procecds shali be applied to the sums secured by this Security ,
<br /> ; Instrument,whether br noi then da�, with any excess paid to Boj'rower. In the event ot'a parcial taking of the Praperty, '
<br /> � ` unless Horrower and Lender otherwise agrr.e in writing,the sums secured by this Securiry Instcument shall be reduced by �
<br /> � the amount of the praceeds multi�liecl by the following fractian:(a)th�total amount of the sums secured immedi2tely
<br /> before the taking,divided by(b)the fair market value of the Property immedia:ety before the taking.Any balance shall be
<br /> � paid to Borrower.
<br /> a If the Pr�perty is abandoned by Borsower,or if,af'ter notice by Lender to Burrower that the c�ademnor offers to
<br /> • make an award or settle a ctaim for damages.Borrower faits to respond to Lender within���ays after she date tHe noticc is
<br /> given,Lender is authorized to collect and appty the proceeds,at its option,either to restor�.'�i�:�of repair of the Property or .
<br /> . to the sums secured by this S�cucity Instrumen�cvhether or not then due. �
<br /> � ' Unless Lender an�Bonower otherwise agr�im writing,any application of proceeds to�::r:::��:i�.`�all not extend or
<br /> �z�ne the d�e date of the monthly payments refesr�st to in paragraphs 1 and 2 oz change the�:�-as�r'.of such payments.
<br /> . � 10. Bomower tiai�ele�sed; Forbearaace By Lender Not a Waiver. Eatensiam c�'r���e zime for payment or , '
<br /> ' modification a1:amortization of the sums secured by this Security Tnstrument granted br Lender to any successor in
<br /> � interest of Borrower shslt��t operate to release the liability of the original Harrower or Bonower's successors in interest.
<br /> Lender shall not be re4izi:r�to commence proceedings against any successc�r in interest or refcse ta extend eime for
<br /> - �:�}meni or ot}:erwise ms�r�in;amortization of the sums secured by this Securi«: Instrument by reasc.��'any demand made
<br /> � by the origina!?�:�rtou s:�:r�anower's successors in interest.Am�forbearance by Lender in�ercisz��.ny right or remetiy :
<br /> : shall not be a+��:-�of o;preclude the ex.ercise of any right or re:��:,3y.
<br /> il. S•��asors And Assigns Bouad;Joint and Several Li�bility;Co�signers. The cover.ar.¢s as�d agreements of ' . �
<br /> rhi-•.Security Instrument shall bind and benefit the successors and assigns of'Le�der and Bonower,subSa:t to the provisions �',
<br /> ` ct"�s"�::agraph 17 Borrower's coYenants and agreemenis shall be joint and sez�r:�1.Any Bono�ver who�crsigns this Sec:uritv ,:"1��4%
<br /> Instrument but does not execute the Note:(a)is co-signing this Security Instrument only ta mortgage, grant and convey �t�'��- ;�
<br /> ' ' that Borrower's interest in the Property under the terms of this Security Instrument:(bl asr�.�t personally obligated to pay � �•.
<br /> � + the sums secured by this Security Instrument;and(c)agrees that Lender and any oth.:�nonower may agree ta extend, �-
<br /> t modify,forbear or make any accommodations with rcgard to the terms of this Security Instrument or tfte Note without • -
<br /> � thatBorrower'sconsent.
<br /> . iZ. Loan C6arges. If the loan secured by this Secunty Instrument is sabject to x 1aw which sets maximum loan -
<br /> eharges, and that law is fina{ly interpreted so that the interest ar olher loan char��:�,wal7ected or to be collected in _ _—
<br /> ! connection with the toan exceed the permitted limits.then: (a) any such loan charg� :�c�:'.1 oe reduced by the amaunt '�
<br /> , ? necessary to reduce the charge to the permitted limit;and(b)any snms a1reM��cvllectetl fr�m Bonawer which exceeded `�
<br /> ` p��itted limits aill Ue re�'unded to Borrower. Lender may choose to ma�.x�:.fi:s refund by reducist�s!'�e principal owed '
<br /> � a:,�r the Note or by maki a�a:direct payment to Borrower.If a refund reduc�s principal,the reduction will be treated as a
<br /> , : partia}prepayment withou::.r.:pre}�ayment chasge under the Note.
<br /> ; 13. Legislation A����:�� �cr�,:r's Riphts. If ena:?:�nent or expiration of w-r�,icable laws has the effect of �
<br /> ' ' ��:z��ering any provision U'`t�•:�=:'��te cr'this Security Instrument unenforceable according to its terms,Lendes,at its option,
<br /> , �;��require immediate�.iy�,:�.ent in full of all sur�secured by this Securitti lnstrument and rnay invoke any remedies
<br /> � permitted by paragraph?�.:7 Lender exercises this nption,Lender shall take!��a��sieps specified in the second paragraph of ' �
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<br /> � . 14. ���6;:ces. Any notice to Borrower provided far in?4+.�,Security lnstrument s'7k'1 oe given by delivering it or by ;'-�:
<br /> mailing it by !�::si class mail unless applicable law requires use of another method. Tt-.:notice shall be directed ta the
<br /> ; Property Address or any other address Borrower designates by noticc to Lr.�,��,er.Any notice to Lender shall be given by
<br /> ltr�t cl�s mail to Lender's address stated herein or any other address Ler_�e:cesignates by notice to Rorrower.Any notice •� ;
<br /> �:rovided for in this Se�:urity lnstrument shall be deemed ta havc trpen given to Bc�rrower as Lender when given as prouided
<br /> t in this paragr,:ph.
<br /> �� l5. Goreming Law;�;everAbilitg. This Security Instr�.rc�ent shall bc gn�•crnc�: 'L^� fcderal law aud the law of the
<br /> jurisdiction in which the Property is toca!ed.In the���ent that any provisic�:�ur clause of this Security Instrun�ent or the
<br /> � Note conflicts with app!ic:,•;.rle law,such cor.9i�t<..lya.11 not�ffect other provi�.�.ns of this Sccurity lnstrument or the Nate
<br /> whieh can be�iven efi'ect w jthout the cc:�3izting�:ovisi�n.To ihis end the provisions of this Security Instrument and the
<br /> Note aredecl:�„r.d to be scverable.
<br /> , l6. Sqrra�ne�'s Copy. Borra�:.er shall be�iven ane ccnfr�rmed copy of the Nci.�nr.�d of tfiis Security lnst:�ment.
<br /> � l7. Transfer ot the�roperty or o Heeeficial Interest in Borrowcr. lf all or a;�y part af rh�� Paoperry ar any `
<br /> interest in it is sold�r t�ar..�f�:zret!(or ifa benefiaa�i»terest in Horrower is soi y°or transfrrreJ and Borrv,���rr is nat a natural
<br /> - person)without Lender s prior written consent. i✓eader may,at its option,rc�uite imme�iatc paymer.:in full of al{sun�s
<br /> _ secured by this 5ecurity Instrument. However. this option shall nnt be rxercised hy i..�.����.:r if exercisc is pr��hibited by ,-_-__,--=
<br /> federal law as c�f�he date of ihis Sec.urity Inst rutnent. ;
<br /> if Lender exercises this optian.Le:nder shall give Borruwer natice of aeceleration. The notice s�:�all provide a period ;
<br /> , �f not less than 30days Prom the date che not�ce is delivered or mailed w�thin which 13nrrower must pay all sums secured by � ' ,
<br /> � thu Security In�lrumene.lf Borrower Pails ta pay these sums priur tc►the expiratirn�of this perind,l,ender may�uvuke any �
<br /> . ;cmcc�ies�.sis:siQc��rJ i#sis�ceuiiiy irstiu�ent t�:ift�c�i�t:�rtrcr not'scE ar dcr�ar�c!csn ti�rrawer. .
<br /> 18.$Urrawer's Itight to Eieinstate. If Botrowcr mc�ts certam conditions,Horru�ccr th�d!have the right tv h�ive
<br /> � enforcemcnt of this 5ecunty InStrumenl diseontinued at any time pr�ur tv the earlier of:(a)5 d��y!.(or such otlier��eru�d ati
<br /> applic�blc!aw rtiay ypccily fur rcrost�tement)befure sale oP the f'roperty pursuar��tu an} pua�er uf salc cout:uncyi�n t}►:ti
<br /> Seeurity InStrun�ene; or(N)entry e�f a�udgment etefutcing this Securi�y 1ntilrume�u. �iu��e c��nct�h�ms are that 13iirren�•cr.
<br /> la)pays C.cndcr alt tiurns whtch thcnµvuld bc due undcr thi� 5ccunty l�strumcoc ancl thc Nolc Ir.id r►o acerk►ata�u �`'
<br /> t�curred, (b► eu�e� c�ny default ni'any ��ther c��cehant4 t�r �ibreemenls; (c)pay� ail cx,cn�e� �ncurrcd u� c��f��rci�i�; thi� �
<br /> _ S�cunty Inslran�cnt. �nclu!f�ng.[�ut not lim�tcd tv, rea.tionabte atturne}ti Pees: and (d) takrti�u�h c�ct�Em.i� l.e��drt m.>> ,
<br /> te:sSt�re:ebl} r,•yteere t:2�ssure th.iE the lten rif lh�s Security In�tru�nF�nt, I.6eicl�;r's nFt�t4 �n Ehc !'c:��•c��y .u�Q f����,�>ti.rr'4 �� --
<br /> _ rbl�g�t�o�F u� pay thc sur��ti sctiurcd by tiiis 5ecurny In�,�rwncrit tihuU cu�►smuc un�f�au�r:i l ,���u rc�i���,ncmri►t hy
<br /> '— i{ottouCr,th��+Secunty�Instrument and the uhl�guiufnssecuted hcr�t�y�haU recnam tuil� efTe�tnc:�,d u�•.ircetcr.dua► Im,t
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