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<br /> . 90�1ai24�
<br /> _ r IF Lender required mort�Age insurance as a condition of making the loan secared by this Security Instrument,
<br /> Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requiremcnt for the
<br /> insurance tcrminates in accordance with Bonower's and Lender's written agreement ar applicable law.
<br /> $. Iaspectton. Lender or its agent may make reasonable entries ugon and inspectians of the Property.Lender
<br /> shall give Borrower notice at the time of ar prior to an inspection specifying reasonable cause for the inspection.
<br /> 9. Cc+ndemnatfon. The praceecfs of any award or claim for damages,direct or cansequer.tial,in connection wiiH
<br /> any condPmnatian or other taking of any part of the Praperty,or for conveyance in lieu of condemnatioR,are herGtsy
<br /> ' assigncd an�shAl1 be paid ta Lender.
<br /> - In the evtnt�of a tdtt+l taking of the Property, ths praceeds shall be applied to the sums securect�by this Securi.ty�
<br /> Ynstrument,v�hethet�or.not�then due.with any eascess paid to Borrower.In the event af.a partial�tak'sng af'tha.Prapert��;. '
<br />- • unless�rroR�and Lender atherwise agree in writing,tlie sums secured by this Security�Instrument shaU be neduced Bj�� .
<br /> � the amouttt�of the proceeds multiplied by the follawing fra�tian:(a)the tatal amounnflT;th�sums secured�imraidiutely
<br /> � befare td�e ta�:fng,divided by(b)the fair market vatuu uf the Froperty.immediutely hefar�the taking.Any balanae s3tull`�e
<br /> paid to Rarto�,er.
<br /> ' �f�theStup�r�y is abandoned by Bonower,or if,after n�tice by Lender to Bisrrower that the condemnor offers t�
<br /> , ; make an,�ivacd os settle a claim for damages,Borrower faits,to respond to Lender wst�in 30 days after the date the notice is
<br /> ; given,]Lei'itLCr is autharized to coltect and appiy th�procz�,at iu option,either tL rzssoration or repair of the Property or
<br /> ' to the s:urrs sezured by this Security Instrumer.�.�hether araot then due, �
<br /> ��itess Lender�nd Borrower otherwi�e:�ree in writing,any a�ptication of preceeds to principal shall not eatend�T
<br /> �. � . pastpane the due date of the monthly payme�.?.s�eferred to in paragraphs 1 and 2 ar change the amount of such payrrtents.
<br /> j T`� Borrower Not Released; Forbe�,�sa�ce By Lender Not a Waive:. ��tension of the time fc>payment or
<br /> - modi&�ian of araortization of the sums s�-ared by this Security Instrument �,.�ted by Lender ta aag� successor in •
<br /> ; interest of Borrower shall not operate to relea�the liability of the original Bone��er or Borroct�'s successors ir interest.
<br /> Lender shafl not be required te commence psaceedings against any successor in interest or :•�::se to eatend time far
<br /> � payment or otherwise modify amortization of the sums secured by this Security lnstrument by reason of any der�and made
<br /> � � by the original Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising an.*iu'�t or remedy
<br /> shall net�e a waiver of or preclude the ezercise of any rig?�t as remedy. '
<br /> !II. Successors ited Aasiges Bouad;Joint and Sea�S Lin 'h�-�s Casigners. The caveriants and ag�ments ef ,
<br /> this Security Jnstrnment shall bind and benefit the successors and ass3�ns af Lender and Borrower,subject to the provisia::s '
<br /> ; � of paragraph 17.Borrrowtr's covenants and agreem�nts shal[be joint and several.Any Borrower�n�casigns this 5ecurit�
<br /> Instrument but dces not execute the Note:(a)is co-signin�this Security Instrumeat only to mongage,grant and convey
<br /> � that Barrawer's interest in the Property under the terms ef t'nis Security Instrument;(b)is not personally obligated to pay •
<br /> the sums s�cured by this Security Instrument;and(c)agrees that L,ender and any other Borrawer may agree to extend, �
<br /> modify.forbear or mak�any accommodations with regard to the terms of this Security Instrument or the Note withoui .-.,
<br /> that Borrower's cons:�c. .
<br /> 12. Loan Charges. If the loan secured by this Secur�ty Instrument is sub;ect ta a law which sets maximum loan --
<br /> � charges, a�d that law is finally interpreted so that the �:�terest or other loan charges cnllected or to be coltected in =
<br /> � connect�:.� with the loan exceed �he permitted limits, tlq�.(�}�any such loan charge shall be reduced by the amount •
<br /> necess?--�to reduce tl�e charge to the permitted timit;an�f"r)any sums atready coltected from Borrower which exceeded
<br /> permittec3 limits wikt�-�e refunded to Borrower. Lender may choose tc� �:.ake this refand by reducing the pr':ncipal owe�
<br /> , under t�ae Note or by rnaking a direct payment to Borrower.if a refund r�duces principal,the reduction will be treated as a
<br /> panial,��ayment withaut any prepayment charge under the Note. �
<br /> � t�o Legislatton Affeeting Lender's Rights. If enactment or expiratiea of applicable laws has t;:e effect of
<br /> � rendering any provision of the Note ar this Sec�.rity Instrument unenforceable according to its terms,l.ender,at its aptian. , ,.
<br /> may require immediate payment in full of ai�'¢:ms secured by this Sec�rity Instrument and may invoke any remediea �a
<br /> permitteci by paragraph 19.If Lender exercises this option,Lender shat���.»�ke the steps specifled in the second paragraph ct �`-
<br /> paragrap'�17.
<br /> i�: Notices. Any notice to Borrower provided fc�r::-�t�is Security Instru�r_:�-.:shall be given by delivering it or by ,��.
<br /> mailing i: by first class mail unless a p plicable law re quirs��.:.:cf ancth er m e t h�c. T h e n o t i c e s h a l l b e d i re c t e d t o t h e �
<br /> Property Address or any other address Borrower designates'��;�otice te u,ender. A:�.�� r.otice to I,cnder shall be given t�:
<br /> 6rst class mail ta Lender s address stated herein or any othar,r'dress L,c.�.3er design2rw�;.„y n�tice to Borrawer.Any notice
<br /> provided Por in this Security]nstrument shall be deemed to U�;e been given to Borrc�.•c-or I,encler when given as provided
<br /> in this��.:xagrt�ph.
<br /> � IS. Coverning I,st�v;Severobllity. This 5ecurity lnstrument shall be govcrned by fcderal law and�F::3�w of the
<br /> juris�fict4�5n in which the Aroperty is located. tn t:�e event that any procision or clause of this Sec;:�ity Instrrrsnent or tl�c
<br /> _ Npte e�nfict�with applicable law,such conflicf shall not affect other�rovisians of this Security�[r�_truTM�ent ar th.Not:
<br /> which czn be given eft'ect without the ronflieting provision. To this end thc provisions of this Security]nstrv^��r��t and the
<br /> Note are declared to be severable.
<br />� 16. I3orrower's Copy. Borrower shall be given one conformed copy oP the Nc►te and of ihis Security Instrument.
<br /> �7. Transter ol the Praperty or a 8eneflcial lnterest in Borrowen If all or any part of the Prc�pe;rty or any
<br /> interest in it is sold or transferred(or if a beneficial interest in$orrower is sc�ld or transPerred and F3orrowcr is not a naturat
<br /> petson)without Lxnder's prinr wcitten cnnsent,l,ender may.at its option,rcyuire immediate payment in full of�Il sutns
<br /> secured by tNis 5ecurity Instrument. However. this optibn shall not be exerciled hy Lender if exercise is prohibited by
<br /> = �ti.
<br /> federallaw As of the datc of'this Securiry Instrument. '-- � '
<br /> lf LeRder exerrises this�ptian,i.ender sh�ll give Borrower nottce c�f acceleration.�'he natice shall provide:�period
<br /> cif ndt less than 30 d�ys f'rum�he date the nutice is delivered�ir mailed within��•hich Rorrou•cr m!�st pay all sums secured by
<br /> thisSecurity Instrurnrnt.lfl3orrowcr fatls to pay tht�e sums prior ro the exp�ruti�m oi'thir p�no�,Lender may invokc any
<br /> _ remediespermitted by Ihis Stcurity Instroment withaut further nntice��r demand�rn Ilorrnwer. ,�
<br /> Z�. �orra�f;'s�Iq�'�.f�Reiiisiyir.� iF f�arro�ver meets cettain c�nc�in�,n�, fiotruwcr tiii��ll havc fhe right tu havc
<br /> enforcement aithis Securitv Instrument discun�inuce�at any time pnesr to the e.�rlier uf:�u)S days(arr such t�ther pen��d as �
<br /> / � npphcable Ina•may speciPy for reinstatement)hefore ti.�le af the Pruperty��ursuant to any pnwer uf'tialc routained in thic �
<br /> 5ecur�ty Insl�umenl;e�r(b�entry of a judgraent enfarcing th�s 5ecunty In�trur�ient."I I�u�c a,u�l�uuns nre that i�nrmwer.
<br />_--._._ (a)pays I,ec�der all sum5 whtch then would he due uuder �h�s 5ecuniy� In�erumem anil the N��te h.�d nn ,scccleration r.
<br /> ��.cutred; tb)rures.iny default of any uther ce�ren�nts�r abrceri�ent�. (c) pays all expcn�rti incurred �n enii+rciug th�. �f
<br /> 5ceur��y In�trumeait, �uctud�ng, but ui�t I�m�ted ta, teasunabfe attarneyr' f'ee�. �nd(d) takr�tuci►acu��n ;i� 1_ender m;iy �
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<br /> rratt+nahly teywre tn aacure th;rt tlie licta uf this Security ln�truu�ent. t.�•r��ler'� E��htw ut tlie !'ri,�,e�rtk ;iiul N�:rrvwer'c �.,
<br /> � t�bltgLltnn tt� �+ay the tiut��+. Sett�ree! by fhi� Se�unt} In�ttutnct�t �haif ccmtmue utic�h:�n�!cct t'��c�n tcinst:�tet:iait hy
<br /> [iorr��wer.th�ti 5ecur�ty hi�truinent and tFtt•„hhE�ttnn�trcrire<D i�ereh} �h.�{l rein.m�(ully etfiert��c;i,�f ni,arcclerit��,n ha�!
<br /> � <�_.urred H����c�ce.thiti n�ht fu�ein�ta�e�hafl r.��t:��+j�ly u�thc c:��e nf ac.-c•let��ti�,�i:;udcr��.�r.�E:►:y�h� i 3�,r i%
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