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<br /> � `If Lertder re�uirtd caortgagr insurance as a eondition of making the loan secumi by thi�Szcudty Instrument. . '
<br /> --- � ' Borrosver shall pay tiK premiums required to maintain the insurance in effect untit such time as the r�uirement for the
<br /> irtsvrance iermin�tss in accordance with Borrower's and Lender's written agreement flr epplicable taw.
<br /> �!: tas�e¢ttoa, i.ender or its agent may make reasanable entries upan and in��►�rions of th�Prcperty.I.ender
<br /> shall give Borrower notice at the time of or prior to an:nspecdan specify-ing r��unpbl�c�use Q'or the ins}�eetiorr. ,
<br /> —� 9 Coademnadon. ?he praceed9 of.any awazd flr claim fo�damagrs,dir�e:t ov consequenrial,in ronnection with
<br /> any condemnation or ather taking af any parE of the Property,or for com•tyance in lieu of candgmnation,.are hereby
<br /> assignod and sha11 be paid to Lender. �
<br /> — In thr event of a tatal ta�Cing of tbe Property,the proc�sd� shzil be applied to-the sums secured bJ thi,Secwity
<br /> �nstrument,c�rl�f�er or not then due,with any excess paid to Botimver.In ihe er•ent of a partial tal:ing of the Property,
<br /> wsI�s BorFa�ser and Lendts otherwise agret in writIng,the sums secur�d by,this Secarity Instrume.nt shall be reduced by
<br /> t3}�:��nount of the proceed�muItiplied by the faUflwirig fraction:(a)the qTt�l::tu�ount of the sum�:Sccvred immediately
<br /> i�'r.:�e the taking,divided by(b)the fair market v�Itie�of'the Property immati�t.�tt�.J b�'ore the taking.Any balance shall be
<br /> F���3 to Borrawer. . - . _
<br /> � . . If tha Property is abandoned isY.i3�ria:�rer,�a�if,after notice by Lend�:�SorrriR�rthat th�condemnor ofrers to
<br /> r�al'�e an award or settte a claim for d�arr�,1&err��rer fails to respond Yo 1.en�i�s within 30 days after tlie date the notice is
<br /> ' �j::�.r:n,.Lender is authorized to collect a�is apply the proceeds,ai its option,eittses to restoration or regairaf ihe Property or
<br /> t�.�e sums secured by this Security In�` :: ent,whether or not then due_
<br /> Unl�;Lender and Borrawer ol.frr�+ise agree in writing,any application of proceeds to princip3l�hall not ex8cxs.d or
<br /> pc�stpone the due date of fhe monthiy ksyments referred to in psragraphs 1 and 2 or ehange the amount ofsuth�S�y��nts.
<br /> ., , . . . 10. Barrower Not R�t2ased;Forbearstnce.By Leader Not n Wt,[rtr. Extension of ths tim�•frsr.payment or
<br /> :� r.r�4di&cation af amanizan��f the sums secure�i by this Security Instrruas�nt granted by Lender t��wny successor in
<br /> . � � nrr,i��erast of Borrower shall r,c�opera4e ta seleasc the liability of f.he original flc;rower ot Borrower's suo�essors in interest.
<br /> � �.ender shall not be required ta catnmc��e proceedings a�ainst�any successor in inter�st or refuse to extend tir�e for
<br /> � � , � :�ayment or otherwise modify amartizatu�a of the sums secured�y this Security Instrum��by reason of any demand made
<br /> ,., �' is�;the original Borrower or Bonower's surcessors in.ir::erest.Any forbraran:e�3�Lender:ic�exercisiag n�s}-right or remedy
<br /> , � c�[.all not be a waiver of or preclude the exercise of ar,j right or remedy. ' °
<br /> li. Successors�nd Asslgas Boued;Joint and Severat Liability;Co•st�ers, The covenant��r�d agreements of
<br /> this Security Insirument shall bind andt±enefrt the successors and�,�signs oSLender and Borrower,subj�t Yo the pravi�ions �
<br /> of paragraph I�..Borrower's covenants:�a,d agreements shali b_�r•a�t and several.Any$orrower who co-signs this�urity � � �
<br /> ; Instrument bvt does not execute the l�ore:(a)is co-signing this Security Instrument only to mortgage.�rant and convey ..F.
<br /> that Bonower s interest in r:Iu:I'roperty under the terms of this Securit�Instn;rent;(b)is nat personally obligated to pay "
<br /> the sums secured by this Security Instrument; and(c)agrces that Lender�ar.��any oiher Borrower may agree to extend. `'��'
<br /> modify.forbear or make any accom�nodations with regard to the terms of this Security Instrument or the Note without . -
<br /> : that Borrower's consent. ,-
<br /> � iZ. L,osn Charges. If fhe loan secured by this Stcurity Instrument is subject to a law which s.ets ma�eimum loan -
<br /> ' charges. and that law is finally interpreted so that the interest or oiher loan charges collected or tn be collected in --
<br /> i connectian with thr laan exceed the petmitted limi*s, then:(a)any such toan charge shall be redu�by the amount �
<br /> �, : necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which eaceeded �x�
<br /> permitteA limits will be refundcd to Sacrr�wer. Lender may ch«,se to make this re4'und by reducing the princi�:3.P awed '
<br /> � under the Note or by making a direct p�yirAnt to Bcsrower.Iia ceCund reduces principa).the reduction will be trzar.,yd as a �'. :
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<br /> pania!prepayment without any prepayrsieet char�eurder the Note.
<br /> 13. IRgisl�tion Al!'acting Lehder's Rights. Jf e�actment or ex�r�tion of applicable la�M��::tias the effect of +� �'
<br /> rendering any provision of the Notc or tl�:s Security Instrument unenforceable according to its terms.I.ender,at its option, '. '
<br /> ; may require immediate payment in fuk��:f all sums secured by this 5ecurity lnstrumer�t:;i:�d may invoke any remedies � '�`
<br /> i permitted by paragraph 19.if Lender e*,rrc:ses this option,lxnder s�hal)sake the steps sp�s.�f*_ed in the second p3ragraph of �
<br /> : paragraph 17. . ��+.��'�';.
<br /> 14. Notices. Any natice to Borrower protirded for in this Security Instrument shall be given by delivering it or by �, q��
<br /> ' mailing it by first class mail unless ap��acable !aw requires use os another method. The notice shal) be dirceted ta the `
<br /> Property Address or any other addre4�.IIorrower designates by r.otice to Lender.Any nc�tr,.e to I.ender shaU be gi��en by
<br /> first class mail to Lender s address star��►herein or any other addcc-�s Lender designates by�n��tice ta Banower.Ar�y r;vtice
<br /> • provided far in this Security lnstrume::t shall be deerr�ed to have been�iven to Borrawer cr!,endcr when.�iven as provided
<br /> in this paragraph.
<br /> l5. Coverning IAw;Severabil:ly. This Security Insirument shall be governod bg federa!Caw�:.nd thc law of'thc
<br /> _ jurisdiction in which Ihe Property is l�tc;d.ln the event ihat any pravision or clause of tJ�.is Securccy 3nstrument ar the
<br /> -_ � Nate conflicta with applicable law,�u4:h wnflict shall not affect other provisions of thii'iccur'ty lresrrc�nent ar the Note
<br /> � • which can be given effect without the c�nflicting provision.To this end the pravisinn�of�f:is Securit}�Instrument and the
<br /> ' Note are declarrd ta be severable.
<br /> 16. BorroMer's Copy. 8orrower shall be biven one conformed copy of'the Note anJ oF this Scrurity lnstrument.
<br /> 17. Transfer of t6e Property o�0 8eneflcial leterest in Borrower, lf all �ir any patt c�f the Yropeny Ur any `
<br /> interest in it is sold or transferred(nr if a bencficial interest in Uorr�wer is snld or irantiferred and HorrRwer is nat a natura)
<br /> persun)without Lender's prior written consen:,I.ender may,at its aption,reyuire immediate payment in full nf all sums
<br /> secured by this Security lns2rument. Nowever. this optian sh�ll not be exerrised by Lender if exercise is prohibited by ---,—,--_
<br /> federa)law as af tt�e date of this Security lnstrument. ;
<br /> � If Lender exercises this option,Lender shaU give Bortower notice�f acceleration.'i'he ne�tice shall pmvicie a period
<br /> � c�f not tess than 30 days from the date the notice is delivered or mailed within which D��rrn��•cr mu�t pay all cums secured by �
<br /> Ihis Sesutity Instrument.If Borrower fails to pay these sums pnor tn the expiratian of this peri�Td,Ixnder may i�ivuke any � ,
<br /> -� rrs�cdKs��;�ritt�f t,y ti�is�cY:u�i[y i��trument wirhout furrher natice nr�eman�on�urreaer. ; .
<br /> � 18.Borrawer's Right to Reinstate. tf Banower meets certain condit�nns,Hurr��wer shall hsvc thc right tii have �
<br /> � enforcement of thi�Security lnstrument discontinued:�t any time privr to Ihe carl�er of:(a).S days(nr surh nther pen��d as
<br /> ` � a�plicable law may sperify for reinstaternent)before sate of the Pu►perty�pursu�uu to any pow•er��f'sate c�nt�ined in thic
<br /> 5ecutity Inslrument:e,r(6)rntry o;a judgment enfcvcir�g Ihts Secunty Instrumerot. '('hu�e cundihon�,�re H�at B�•�rroa•er.
<br /> ta}p�ys I.�nder all surrm w�hrch ihen woald he due uuder ihic Secunly Instrument and the Note ha:i nn.�ccelerati�m +��,"
<br /> uccurrrd: �h)tures any default oP any �,ther cvtienants c�r ��reementc: Ic) payti all expen5es iuct�rred iti enfurc�nF thic ` �
<br /> 5ecunty Iustrumrnt. �nclutlihh.but not limiteci tu,rtayunahle att�ivnrys' iees, and Id)takcs«ch actinn a� l.ender in;�y
<br /> seacuh�bty tryu�tr t��iiLLtlTt fl�at the lien��i thir tiec�irilp imttum�nr, t.cndcr't nFhtc rn the Ni�-��eriy :�nd itotro«�cr`s . .
<br /> ��bliFaisutt t« p�y �he ti�m� se�ure�f by th�ti Secunty U�stru�irenl �hall conttm�e ur�chanFed ('pc�rE rem.tateme»F h,y �
<br /> Bounker,th�E tirc��r�ty Intitrument a�i�It�e uhl��;�tci�:t�:ticcutrc!t�rrehy�hall rer:ie�u fuil�r(iern�r ati�f r��+,icrrler;itum h.ui
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