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<br /> � If Lsndet reqlsined martgage insurance as a caiMitioa of making tfi= loan sec�ued fs� this 5ecurity Instrument.
<br /> Bonower shal! pay the premiums reqeured ta main:d:r. .'�° �^«�s�nce in effect until such !::;;.-w +,`:� �c�yuiremant ,or the
<br /> —` iasurance term2nates in aecordaace with Bonower's and L.eiidar's written agreement or ap�lica�ie law.
<br /> � �. buyectio�. Lert�tr ar iis agezst may make reasariatsir es�trias u�soss a�i�s�esti�st�of ihe Proptrty. �.sadsr shall .
<br /> �vt $ottawer natice at the time of or prior ta an 'snsgection specifying reasonable cause for:the inspestion.
<br /> !. CoNea�io�. The proceeds af aay•award or claim for damages, dimt ar constqutntial. in connection with assy
<br /> condemnatiaa or qther taking of any put of the Praperty. or for conveyance in ti�u r�f co�tt�tnnatian, are hereby assigzed
<br /> and si�aU be Daid to Leader. ' .
<br /> In the event af a total taking of the Property, the proceeds shaU be applied to tht snms sccured by this Security
<br /> — ' [nstrument. whether or not then due, vrith any exesss paid to $onowsr. In the event vf a parEial taking of the Property, ,
<br /> unless Borrower and Lender otherwise agree in wriang, the sums secured by this Security ln.�t�.ment shall 6e reductci by the � ,
<br /> amount of.the proce�ds muitiplied by the folla�cir.g fraction: (a)the total amount oF cl�e sums s:cured immtdiately beforc the .
<br /> � taking, divided by (b) the fair zcarktt va➢ue.ef the Property immediately before thc tak6ng. Any balancc shall bc paid ta �
<br /> . Bonower. ` . .
<br /> ' If the Fropeat�::s ara���!�` �= IIQr�er. ar if. �fter notice by Lender to Borrvwer that the condemnor offers to '
<br /> make aa award ar.�k��a c3aim fc�c��u,Br�nower fails to respeas� to Lender within 30{Jays after the date the notice is
<br /> �ivrn, Lender n z�tifn�,�-d ta cpII�C�d�.pgtp the proter��.at its option,eitha ta restorati�n or repair of the Property or
<br /> to the sums sccutai:�*�this Se�utiif i.ns:rument, wheth:r ar not thcn due. �
<br /> ' Unkss Lertdei..�d Borrawr� othenvise agra in writing, any application of pracrreds to�riacipal shalf u�=c�ctead eL
<br /> : pastpone the due dy[�.E3f tht monthly payments referred to in paragraphs 1 and Z or cha,ag� the amount of s;:;:a payme�xs.
<br /> � ' , 10. eoreoMer N�+:�tskased; Forbeusnce Bq[.ender Not a Wdrer. Extension af the time tar payment ar modificat#art
<br /> , of amortization of fhr.�sums stcu� by this Security Irsstrument grantec3 by Lendtr to any s�sccessor in interest of Borrower �
<br /> : shaU not opetatt to release tl:e li�hility of the otigin�l Borrawer or Bonovier's successors,in intemt. E.enda shall not be
<br /> required to commence proceedings against any successor in interest or refuse to exter,d t€rae[or payment or otherwise modify
<br /> ' � aawortization of thc sums secured by this Security Instrumcnt Y�y s�san of any dcr.zand rnade by ttv. original Bnrrower or
<br /> � Bonoxcr's success�ar.s �n•interat. My forbearance by Lender in exercisir_� any righ+t ar remrdy shs]l not be a waiver of or .
<br /> preclude tFt extacis��f any right or remedy.
<br /> 1F. �wece�ors ard A�si��s Booad: Jolst uid Ser•tnt LlabUity; Co-sipers. The cavenanu and agcuments of this
<br /> ' Securi.ty ��crwztena shall bind and benefit the successors aar� assigns of Lender and Barrower, subject to thc p:ovisions of
<br /> pua�r�p�t t7. $�newer's covenants and agreements sh.all 3e joint and several. Any Banower who co-signs this Security
<br /> Instrumect tn:t dncs cnt execute the Note: (a)is co-sig.-s:!�g this Security Instrumrnt enly ta mortgage. grant and convey tkat •
<br /> - Botrower's intec�t ir,, the Property under the ternu of eFis Security Insuament: (b) is not �r���{y abli8ated to pay the
<br /> , sums secured by this Security Iastrument; and (c} agrz�s th�c Lender and any other Horrower may agree to cn:nd, modit'p, ,
<br /> -- forhear er make any. aecommodations wi4h regard to s!� t_•ms of chis aecucily In�tr�r,�ent or the I�Iote �ithout that �
<br /> ' Borrowes's conssnt.
<br /> l2. I.w� Ck�es. lf the loan secured by this Security Inst�ument is subj:ct to a law which sets maximum loan
<br /> chuges,and that law is �nally interpreted so ths�t the interest or other tosn chzrg:;coltected or to he cotlected in connertion __
<br /> with the laan exceed the pertoitted limits, then: (a)any �uch[oan charBe shall 6e rcducr.d by the amount necessary to reduce _
<br /> � the chu�e to the permitted Gmit; and @) any sums aiteady caltected from Borrower wi:i.h exceeded permittM litnits wiil be —
<br /> refunded to Borrou�ct_ Lender may choose to�r�ake this rmf�r.�, by redacing the prinzip2.! awed under the Note or by making ' "
<br /> ; a direct payment ta lserrawer. It a reiund reduces principa!, the reductian will be treattd as a partial prepayment wihout any
<br /> , prepayment c6trge under.the Note.
<br /> i l3. I,�hlalloe AHectieg Lender's Rlghts. If enactment or expiration of applict�bit laws has the effect of rendering any
<br /> , provision of the Note or chis Security instrument unenforceable ac�ording to irs terms, Lertder. at its option, may require
<br /> immedlate payment in fuU of ap soms secure� by this Security Instrument and may invoke any �emedies permitted by .
<br /> puagnph 19. If Ltnder eatrcises this option. Lender shall take the stcps speci�cd in thc second paragraDh oi parograph 17.
<br /> 14. Nollkes. My noti�e to Borrawer Rr�3vided for in this Security Instrumtnt ;haU be given by dclivering 3t or by ''•.
<br /> mailing it by first class mail unless applicabfe Iaw roquires use of another mrthad. The notice shall be direcced co che
<br /> Property Ad�'ress or any other address Bonower designates by notice to Lender. Any notice to Lender shall 11e given by first ''
<br /> class mtul to Lender's address stated herein or any otheT address Lender desig�ates by notice to R�rrower. Any rtotice ' _
<br /> __ ' provided for in this�ecurity Instrument shall be deemed to have been given to Borrower or Lender whtn given as provided in _
<br /> , this par�raph.
<br /> IS. Goveni� �.aM: Serenbility. This Security Instrument shall be governed by federal taw and the law of the
<br /> jurisdiction in which the Property is tocated. In the event that any provisians ar ciause of this Security Instrument or the
<br /> • Note conilicts with a�pticable law. such conflict shall not afi'ect ather provisinns nf this Security instrument or the Note
<br /> whicb can be given effect without the confllctcng prflvision. To tAis end the provi:,i��ns of this S�curity instrutnent and the
<br /> - Noet are declared to be severable.
<br /> ' tf. �orrower•s Copy. Borrower shull be given one conforrried Co�y oi the Note and of this aecurity Instrument.
<br /> lT.Trwfer oi!tie Properfy or�Ce:.�;i:',-.:::,:e:�aE!�Eorrower. If aU Ur any part of the Property or any interest in it
<br /> � is sotd or transfened (or if � bene�ctal interest in Botrawer is sold or transferred and Borrower is not a natural person)
<br /> without L.ender's prior written consent. Lendsr may. at its option. requite immsdiar.- payment in full of all sums secured by
<br /> this Saurity (nstrument. }lowever. this option shall not be exercised hy Lender ef exercise is prohibited by federal law as of
<br /> the date of this Security inst�ument.
<br /> . 1P Lender euercises this option. Lender sh�ll give Borrower notice of acceleratism. The noiice shall provicte a{xriod of
<br /> � `� . not less than 30 days fram the date the notice is delivered or mailed with�n which the Borrower must pay all sums secured by �--- -
<br /> this Secutity instrument. If Bcrrower tails to pay these sums prior to the expirltion nf this period, Lender may invoke any '
<br /> remedies petmltted by this Security Instrument without turther n�tice or demu:d cn Borrower.
<br /> , , lt. Nrt�we'� Rf�it to RetiNt�te. IP Borrawer meets certaln con�itions, Borrower shall havr the right to have
<br /> . enforctment of this Sesuiity lnstrumarst disc�ntinued at anv time prior tv the earliea nt: E� S days (or such oihtr pednd as
<br /> appticabk law may spcciiy Por reinstatement) before sale of the Property purs�ant to any power of sale contained in this
<br /> SeCUrity Instrument; ar (b) entry of a judalnent enforcing this Srcurity In�trum:nt. Those conditians err that Borrower: la) �
<br /> � pays i.endet �11 sums which then would be due under this Security lnslr�im:nc �nd thc Note had nv acceleration occurred: (6) y,
<br /> cures any default oi asey other covenants or a;reements: (c)pays ap txpensrs in:urrecl in enforcing this Stcurity Ihstrument, �F
<br /> �� inclu�iaa.but not limited to.reasonable attornt,r's fee's; and(d�takes sucl��c:ti�n ns Lendec may reasanably require to assure �w�
<br /> � that the tien of this Security lnstaument, Lender's rights in the Propecty und Etorrower's obligation to pay the sums secured �t`q'
<br /> '�� ,� by this Security Instrr�ment sha11 continue unchAnged. Upou reinstatement by flnrrnwer, this Sc�arity Tnstrument and ttie �i,��
<br /> � obliaatians secured hereby shall rrm�in tu11y tffCt��tie as it no accelrration h�d�ti�curred. Hawe+.•er, this nshr ra rein;tate shal! .
<br /> � not appDy in the case of ecceleration uncler paregrapAs 13 or !7. • •
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