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<br /> 9�� 1009�i
<br /> � � ff Lendcr requircd mortgage insurance as a condition of making the loan secured'oy this Security Instrumerst,
<br /> Barrower sAall pay the premiums requued to maintain the insurance in effect until such time as the requirement for the
<br /> . insurance termiaates in accordaace with�orrow�r's and Lender's written agreement or agplicable law.
<br /> � 8. Ies�ectioe. Lender or its agent�ay make reasonable entries upon and inspections of the Preperty.Lender
<br /> � shall give Bortower notice at the time of or prior co an inspettion specif}�ing reasonabte cause for the inspecriare. ' '
<br /> � 9. Cflnde�anatlon. The proceeds of any award�or claim for damages,direct or canseguential,us connection with
<br /> any coademnation or other taking of any part of the Property,or for canveyance en lieu of candemnation.are hereby
<br /> , assigned'and shall be paid to i.ender.
<br /> In th�event of a total talting of the Praperty,the proceeds shalt be applied to the sums secured by Ehis Security
<br /> , Instrument,whether or not then du�wit�:any exc�xss paid to Borrower.In the event of a partial taking of the Property. ,
<br /> unless Barrower and Lender otherwisc agree in writing,the sums secured by this Security Instrument shall be rednced by '
<br /> the amount of the proceeds multiplied by the foltowing fraction:(a)tlae total amount of the sums secured immediately .
<br /> before the taking,divided by(b�the fair market value of the Property immediately hefore the taking.Any 8alance sha:i h�
<br /> paid to Borrower. . .
<br /> If the PrapeRy is abandoned by Bonower,or if,after notice by Y.ei;c�er us:gairower that the condr�s.ru��offecs to
<br /> make an award or settle a claim for damages,Horrower fails to respond to Lea�c��:in 30 days after the d;xe t�notic.°.is
<br /> giverr,Lender is authorized to collect and appi}-the proceeds,at its a�t�a.�tlirs e�:��toration or repair of ttt.e L;opert}r os
<br /> ..� to t�esums secured by this Security Instrument,whether or not thea dL:. �..
<br /> � . Qnless Lender and Bonower otherwise agree in writing,any appli�ation c��r�:eeds to principal shalD.r�i,s extend or
<br /> � �v:t.�:'r�':he due date of the monthlyr payments referred to in paragraphs 1 and 2 arL-izange the amount of such payments.
<br /> ' ��J. Borrower Not Released;Forbearance By Lender Not a Waiver. Extension of the time for payment ar
<br /> trodi�carion of amortization of the sums secured by tbis Security Instrument granted by Lender to any saccessor in
<br /> inter�t of Bonower shall not operate to release the liability of the orig'snal Borruwer or Bonower's successors in interest.
<br /> Lender�Il not be required to commence pr�ceedings against any successor in interest or refuse to eatend time for
<br />_ • payrae�r.*r_�r otherwise modify amortization of the sums secvred by this Security[rrserument by reason of any d�and made
<br /> � . by the original Bornawer or Barrower's sucr.essors in interest.Any 6'orbearance by�.c�der in exercising any ri�j�*�r remedy
<br /> shall not be a waivec ni or preclude 3he exerci�e of any right or remedy.
<br /> � 11. Suce��s and Assigns Bound;�'asnt and Several LiAbilitF:�o-si�e�. The covenants nnd aQreements c� �
<br /> ' this Sec�.z��ty Instns^ient shall bind and benefit the successors and assigr.�cr Lxnder�d Borrower,subject to�iS:Y�ravisions
<br /> of para.�r-�;?h 17.Banower s covenants and agreements sh:�be joint and se��eral.Any Borrower who co-si�:t.l�ss Security ,
<br /> lnstru�ncr_t but d�aot execute the Note:(a)is casigning this Security Instrument only to mortgage,grant and convey
<br /> that Borrower's inte�t in the Property under the terms of this Security Instrument;(b)is not personally obligated to pay
<br /> the sums secured by this Security Instrument;and(c)agrees that Lender and any other Bonower may agree to extend.
<br /> modiPy,forbear ar make any accommadations with regard to the terms of this Security Instrument or the Note without
<br /> , that Bonawer's consens.
<br /> 12. Loan Charges. li'the loan secured by this Security lnstrument is subject to a law which sets maximum loan
<br /> � eharges, and that law is finalty interpreted so that the interest or other loan charges collected or to be coltected 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 sums already collected Prom Borrower���ich eaceeded =
<br /> _� • permitt:r�f i:mits will be refunded to Barrawer. Lender m<'.}•choose to make this ret'Lnd by reducing th:Fnncipal owed
<br /> j under tL-�:Vote or by making a direct payment to Borrower.If a refund reduces princi�al,the reduction w:![t�treated as a
<br /> j partial prepaymer.t t�:ir,hout any prepayment�h�rge under the Note.
<br /> , 13. Legisla�;�n Aftecting Lender's Rlghts. If enactment or expiration nf applicable laws has the effect of
<br /> `. rendeRrg any provision af the Note or this Security Instrument unenfarceable according to its terms,L.ender,at its option, -�
<br /> � may rc�;i:::e immediate payment in Pull of all sums secufed by this 5ecurity Instrument and may invok�:t��y remedies ;:i;;��
<br /> permittrxi C�y paragraph 19.lf Lcr���r exercises this option.Lender sha11 take the steps specified in the secanrf�erap,raph of �.;�'`�
<br /> para3.��.;:h 17.
<br /> � �4. Notic�. Any notice to Barrower pro�ided for in this Secunt�tnstrument shall be�L��by�elivering it or hy �.�
<br /> maili�L it by first c:ass mail unless appticable law requires use of anot;:er method. The notice s;�all be d:zected to the �� ; ,;
<br /> Propert� address or any other address i3orrower designates by notice to Lender. Any rcotice to Lend�r slzali be given by
<br /> ; first cla�•s:�ail to Lender's address stated herein or any other address Lender desigriates by n�lice tc�Borrn���,cr.. Any notice ,
<br /> provided for io this�ecurity Instrument shall be deemed to have been given ta Borrower or l.ender when gi,en as provided .
<br /> in this paragraph. .
<br /> 15. GoYerni�B YaW;Severebility. 7'his Security Instrument shall be gaverned by federal law ar�d the law of the
<br /> jurisdic�sion in which the Pr�perty rs loeated. ln the event �hat any provision or claE�se af this Security lnslrument or the
<br /> Note cLn�icts with applicable taw, such conflict shall not af�ect�ther provisionc of this Security Instrumcnt or the Nute
<br /> � . . which can be given effect without the conflizting prnvision.To this erd the pruvis!����-�of this Security lnstrument and the
<br /> � Note are declared so be severable.
<br /> 16. Borrower's Copy. Borrower tihall be given one conformed cnpy�f the r:ote and uf Ihis 5ecurity instrumcnt.
<br /> 1'f. Transfer ot the Property or a Heneftcial Interest in Borrower. lf ali or any part ��f'the Yroperty or <►ny
<br /> - interc�ss in it is sold or transferred(or iia beneficial interest in H�rroa•er is sold or transierred and 8c�rrotiver is not a natur.�l
<br /> � person)withnut lxnder's prtor written consent.Lender may.at its option,rcyuire immediatc payment in full of:�ll sums
<br /> secured by this Security Instrument. Nnwever. this option shall nat be exercised by I.ender if exercise is prohibited by
<br /> fedetal lawas�fthcdateoPthisSecuriry Instsument. :=_--_-
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