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<br /> � If Lencler_requircd mor3ga�insurance as a condition of making tfie toan sec:u�ed �y ihis 5ect�7�; i.^s�trust��i, �
<br /> Bono�er shall pa�the preiniums req�ined to maintain the insurance in effect unrii such time as the requirtraent for the ,
<br /> � ir�suranc�e�e�minates i�`�.�otdan�e a�ith Bas�awer'sand Le�ttcr's vi:ritten agr�m�nt orapplicatsls Iaw. ' .
<br /> S., taspt�ioa. Lerider c�r its a.gent may make reasoaabt�entries upon arfd inspections of the Prcperty.Lertder
<br /> shalt give�orrower notice at the time of or pri�r to an inspeetion specifying rea�onable cause for the inspectian.
<br /> 9. Condemn9tio�t. Th�proceeds of any award or claim for damages,direct or consequential.in connection with .
<br /> an3r condemnation or other taking of any part of the Property, or for wnveyance in lieu of condemnatioa.are hereby
<br /> � assigned and shall be paid to Lender.
<br /> In the event of a total taking of tfle Property,the proceeds shail be applied ta the sums secured by this Security
<br /> � Instrument,whether or not then due,with any excess paid to Bonower.In the event of a partial raking of the Property.
<br /> 'untess Borrawer and Lender otherwise agree in writing,the sums secured by this Security Instrumeni shall be reduced by
<br /> t ' the amount of the proc�eds multiplied by the following fraction:(a)ihr totat amount of the sums secured imFnediately '
<br /> — befare the taking,divided by(b)the fair market value of the Propeny immediately before the taking.Any baiance shall be ,
<br /> paid to Batsower. • �
<br /> If the Property is abandoaed by Bonower,os if,after notice by Lender to Bonower that the condetranor offers ta �
<br /> make an award or settle a ctaim fos damage��,Borrower fails to respond to Lender within 30 days after the date the natice is
<br /> , given,Lender is authoaized to colkct and apply the proceeds,at its opiion,either to restcr.�tion or re�air of the BroFerty ar
<br /> to the sums secured by this Security Instrument,whether or not then due. . �
<br /> Unlas Lender an�Bocrower otherwise agree in writing,any application af praceeds to princi�r.t3 shall aot extend or
<br /> � postpone the due date of the monthly payments referred to in paragaphs 1 and 2 or change the amount of such payments.
<br /> - ' 10. Borroerer Not Released; Forbearance �y Lender Not a Wu�er. Extension of the time for pay�ent or �
<br /> modification of amortiiatian of the sums secured by this Sesurity Instrument granted by Lender to any s�sor in
<br /> interest of B�rtower shall not operate to releast the liability of the ariginal Borrower ar Bonower's successors in¢nterest.
<br /> I.ender shall not be required to commence praceedsngs against any successor in interest ar refuse to eatend time for
<br /> � payment or otherwise modify amoriiaation of'the sums secured by this Security Instrument by reason of any demand made
<br /> : �y the original Bonower or Borrower's successors in interest.Any forbearance by Lender ir,exercising any right or rerreedy ,
<br /> shall not be a waiver of or proclude the��ercise of any right ar remedy. .
<br /> 11. Saccessors and Aseign�H�tmxd;Joint And Severst Lisbility;Casigrters. i:he covenants and agreements of
<br /> this Security Instrument shall bin�a-�!�ersefit the successors and assigns of Lender and Bonower,subject to the��..�+visions �.
<br /> of paragraph 17.Boaawer's covenants and agreements shall be joint and sc�eral.Any Borrower who casigns th:�Gecurity
<br /> Instrument but does noi eaecute the Note:(a)is casigning tt+ss Security frstrument only to mortgage,grant a..���nvey
<br /> that Borresv�cs's interest in the Property under the terms of th:s Security lnstrument:(b)is not personally obligatc��to pay �. � '
<br /> the sums sr.��:ed by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree tu�xtend, _
<br /> madify,forbear or make'any accommodations with regard to the terms of this Security Instrument or the Nuce without _
<br /> lh�2 Borrower's consent. _
<br /> , , 12. Loan Cfwrges. If the toan secured by this Security Instrument is subject to a law which sets maaimum loar. _
<br /> c::arges. and that law is finally ircecpreted so that the interest ur other loan eharges collected or to be ea!lected in
<br /> � conn2etioa with the toan exceed t�:.permitted limits. then:(a)any sueh loan charge w'�all be reduced by tccr�mount . .-
<br /> necessary to reduce the charge to t:�:permitted limit;nnd(b)any sums already colI�.,`ce�from Borrower whi�.l"�N�:xtded
<br /> permitted limits will To�r�Lnded to Borrower. Lender may choose to n�s.}�:.this rf;�^d by reducir�the pr'���:pal awed
<br /> under the Note or by r�;;�:�:g a direct payment to Borrower.If a refund re�::��xs pri^si�a[.the red¢cri��n will Ee�ceaeed as a
<br /> partial prepayment without any prepayrr�ent charge under the�:cte.
<br /> 13. Ieg(slation ARecung Lender's Isights. Ii'enai:t�ent or expiration c,E applicable laws has ti�� e�'ect of
<br /> rendering any provision of'the Note or this Security Instrument unenforceable accard:ag to its terms,Lender.��its option.
<br /> may require immediate payment in full of aU sums secured by this Security Instrument and ma,f+nvoke any remedies
<br /> permitted by paragraph 19.If Lender eaercises this optian,Lender shall take the steps specified in eli:second paragraph of
<br /> paragraph t7.
<br /> 14. '.Votices. Any notice to Borrawer provided for in this Security Instrumen t rYl;:�ll be given by deliti�nrg it mr by
<br /> mailing it by first class mail unless applicable law requires use of another method. „�e notiee shal[ ne dirvc::ed to the ��•.
<br /> Property Address ar any nther address Borrower designates by notice to E.ender. Any notice to Lenu�r s}:ali be given by
<br /> first class mai)to Lender's address stated herein or any other address Lenctr:.•designates by notice ta I3arrower.Any notice
<br /> proviaed for in this Security Instrument shall be deemed to have bcen given to Borra�er or Lender when given as pravided
<br /> in this paragraph.
<br /> IS. Gorerning Iaw:Severability. This Security Instrument shall be govemed by federal law and tlie law of the
<br /> jurisdiction in which thr Property is located. ln the event thnt any provisio��or clause of this Security Instrument or the
<br /> Note conflict�:with applicnble law,sueh eonflict shall not affeet other provisions of this Security lnstrument or the Note
<br /> which can be given effect without the conflicting provisian.To this end the provisions of this 5ccurity lnstrument and the
<br /> Note are declared to be sevcrablc.
<br /> 16. Borrower'a Copy. Borrower shall be given one confarmed copy af'the Note and of this Security Insirument.
<br /> 17. Transfer of the Property or a Benescial Interest in Borrower. lf�Il c�r at�y part uf'the Property or any
<br /> intcrest ia it is sotd or transferred(or i�'a beneftcia!interest in Borrower is sald or transferred and i3orrower is not a natusal
<br /> perscm)without Len�er s prior written consent, Lender may.at its opti�n,require immediaie paymeni in full of all sums
<br /> secvr�d by this Security lnstrument. Wowever. this option shall not be�xercisrd by i.ender if eaercise is prohibited by
<br /> fedetal law as of the date of this Sccurity lnstrument. ' - --
<br />�. IP Lender er.ercises this option.l,en�ier shall give Borrower notice c�f accelrratiun.The notice shall provide a peri�d '
<br /> of not less than 30 days from the date the nutice is drlivered�r mailed within which llorrower must pay�ll sums securcd by ,
<br /> this Security Instrument. IP$or�ower Pai1s t�pa��these sums prior to the expiration of this period.Lender may invake any �
<br /> remedics germitted 6y this Stcutity Instrument without tnrther noticc nr demand vn Burrawer. !
<br /> 19.B�xro�rer's Right to Reiestate. If Nvrrower meets cerlain couditinns,F�nrrower!,h�l) have thr right to ha�e �`
<br /> �� enforceenent af this 5ecurity instrument d�scontinued at any timc prior tc�thc c�rlier��f:(a}5 d.►yz(or such uther�ennd as '�'"
<br /> � applicablr law may sp.cify fi�r re�nstatemcnt)before sale�f the Prc�perty p�rnuar:t t�►any pmti•cr��f s�lc cmitainrd in this �
<br /> ` Security Inst�ument,ar!hi entry e�f a judgment enforcing th�s 5eeunty in�trumc7�t.'Chu4e ccmditie�n�are that i�c�rtu�ver:
<br /> (a)pays Lertder all suins w�iich then a•auW b�: due under thi� 5ecur�ty� tnstroment �nd the Nate had nn acccleratu�n ti
<br /> �rccurred; (b)eurec any default <�f any ��lher c«v4nants��r agreements: I6)pays al{ rnpemeti ii�currrJ m rnfe�rc�n�; tliiy
<br /> '+� 5ccunty Instrumcnl, includ�ng. but ns�t I�mitcd ti�, rcasunablc attF.rrncy� fcc.,ar�cl(ci1 t.�kr��u�h actu�n ati I.cnJer n�ay ��
<br /> reusonably reyu�re tc�assure th:�t thn lien e,f th��5�c�tnt� In:humcnf. Lcndcr'ti r�ght� �n the {'r�,prrty :�nd li�,rrn«�c�r'� �'
<br /> ubhgnt���n tcr ��ay the tiunrs �ecureJ hy �lu` tiecunty (t�5t�urnent tih.�l! cnnunicc unci�ae�ke�l. t'p��n rciu�t,�tcnirF�t h} r' °
<br /> .. [Mrrnwer.thisSecur�vy Inctrume�it ar►d�he�,4�lirati+m4�erureei hereby ch:�li rem:nn ful!}c(frchsc a�il n��:����clerat«�n I�m!
<br /> � nscutre�l Hn�tie�er.th�ti right tir rci:i5tate tihafl nnt��pply in Il�c<<�tie��f;i:ce(crali�m u��dcr>>,�t.igr.�t•hti I���r i�
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