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<br /> � . If ix�der seguired mortgage imsuranre as a condiuor� ef maidng the taan secureai by this Security Mstrument, �
<br /> Borroaer shall pay the pmmiwns t�aquised t�maintain the insurance in effect until such time as the requiremem for the
<br /> insurance t�tminates in accordaace with Bosrowu's and Lendrr's writtm agr+eemsnt or ap�ficab2e law.
<br /> S. Ie�stt� L�der or its agtai may make reasottable entcies uparn and�inspeciians o€the Property. Lendei '
<br /> sball gire Bo:rower notice at the time of os prior to an inspeetion specifying re�sonable cavse for the iaspection:. . '
<br /> 9 Ca�at�oa. �he proceeds of aay award or claim for damagts,direct arr cans�uentfala in�ca�nectian with
<br /> aay condernaation or othu talang of any part of th�Property,or for conveyaace in lieu of cond�mnatian,are hereby
<br /> a�signed and shatl be paid to Leitder.
<br /> In the event of a total ta�ing of the Progerty,the proceods sbaA 6e applied to the sums secured bg this Securery �
<br /> Instrumsnt,wheiha or aot thrn duG with any ea�s paid to Horrower. In the event of a partial taking of the Praperty�
<br /> unless Borrowu aad Leailer athuwise agret in writing,the sums sectured by this Secutity Insirumena shall be ceduced by .
<br /> the araaunt af the procads mulpplied by the following fraction:(a)the toial ainount of the sums secured imrne�tety �
<br /> .. t�cfcrre the taidn�.divided by(bj the fair martcet vatue of the Proper�-�tnediaiely 6efare the taking.Any bulance stta[t be . �
<br /> paid to 6orrrnvcc. �
<br /> If the Pro�i�aba��eaued by Bariower,or if,after notice�L�ts#er to Burrower that the condemnor offers to
<br /> - matce an award or settle a elai�f.u�damages,Borrower fails to respc�ndtv Yxnd.r ws"thin 30 days aftec the date the notiee is.
<br /> given,Lender is authorized to c�ct:�T:��y the proce.ed.�,ai its o�±tz�n;either to restaration or repair af the Praperty or
<br /> to the sums secured by this Secusss��.whether or not ther�r�;. , .. _ _ _ . _ . _ _ _ -
<br /> � Untess Le�aanc!Borrower��2�i�e agree in wriri�g,a�j��tication of procceds to principal shaJl not extend or �
<br /> • postpane the due�of the��it6ty payi�i�.nu referred to in paragraphs 1 and 2 or change the amount ofsuch payments. ' � �
<br /> 10 Borrower NoE��13eited; Farhqrance Bf.:3Gender Not s Wairer. Extension of�the time for payment or ` � ` �
<br /> innodtr�tion af amortizautr:i�'�e sva�s secured by�fiis Security Instrum�at;granted by Lender to any sncce.ssor�in
<br /> interest of Barrower shaU�o�;�:r tes.*p�,qse the liability of the original Bo�ower or Borrower's successars.in inte�est.
<br /> Lender s�all noi be require�.:ta��a�.proceidings against any successor in interest or refuse to eatend time for
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<br /> payment or othetwise modifp�xn�mzatio�ss of the sums secured by this Security Instrument by reasan of any demand made
<br /> by che original Bonower or$�rswer's successors in interest.Any forbearance b�L•ender in exercising any right or remedy
<br /> shal�aot 6e a waiver of ar procl�the eaercise of any righi ot remedy. � '
<br /> 11. Sncces�a�s and Asdgas Boun�Jolat and Sevenl LiaWiitq;Co�gdets. The covenants artd ageemenu of - - �-
<br /> this Security Instrumcnt shall bind and ber.�tzhe successors and assignsof Lender and Borrower,subject tb the pzavisions � r
<br /> of paragsaph 17:Borrowe�'s covenanis and agreements shall be joint aud seceral Any Borrower who co-signs this Security '
<br /> InsiruacenE but does not exerz:+.p whe Ncite:(a)is co-sigrting this Seceait��Ids�upent only to mtsrt�age,grant arsd convey � ��{:
<br /> that Bonower's interest in the ff's�a under the terms af this Secus�ty I�a�ent;(b)u nat ��`'�'=
<br /> P�Y personally obligated to pay . : ,,;;,,_.
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<br /> the sums secured by this Security�lnstrument;and(c)agrees that[��er a:��any other Borrower may agree to eztend, .,�,,;:-
<br /> modify,forbear or malce any aroa��kiiaz�.c vvith regard to the ter:ns of this Seeurity Instrument or the Note arithout '`�'%_
<br /> that Bonower'y consent. - . � ��;':
<br /> � t,;:
<br /> l2. I.aan Chsrges. If��t.e f�a�se�red by thi�S�urity lnstrument is s�ayPct to a�aw which sets maaimnm loan -.
<br /> charges, and that law is finall�it�terpreted so that t�interest ar ather loan cnarges collected or to be collected in • � -
<br /> connection with the loan exceed the permitted limits, tfien:(a)any surh loan charge sttall be reduced by the amount �'_`-
<br /> necessary ta reduce the charge to the permiUed limit;and(b)an}�,,°sr;salready collected from Borrower which exceeded , � • _
<br /> permitted limits will be refunded to Borrower. Lendes may choas�tn make this refund by reducing the principal owed � � ��
<br /> urtder the Note or by making a direct payment to Borro�:�,�lia re'urr3 reduces principal,the reduction will be treated as a �.
<br /> partial prepayment without any prepayment charge unc�:�he Nosx. ;
<br /> i' � !3. Legistatlon ARe�ting I.ender's Rtghts. �If enactrr_�.t pr expiration of applicable laws has the eflect of � '
<br /> tendering any provisior►of the Note or this Security lnstrument 4r.v^s,�'�rceable accarding ta its terms,Lender,at its opii�n. - -
<br /> may require immediate payment in full af a11 sums secured by t��is Seturity Instrumenl and may invake any remedies ' . . Y_
<br /> permitted by paragraph 19.IP Lender exercises tf�is�sYr.:��,Lendet shall take the steps specified in the second paragraph of �,�
<br /> � paragraph 17. , ,
<br /> 14. NoHces. Any nG�re to Borrowec provid�+.=or in this 5ecurity Instrument shall be given by detivering it or by .•-��
<br /> . ., ; . ma�iiry:�ii by first class maii ur!T�ss apfitY.a,�xb[t law tequires use a'���,�ather methucf. The notice shalt be directed ta the � '� -i
<br /> . Progerry Addres.s�r any other address�;7rawcr designates by na":�to Lender. Any natice to Lendcr shal)be given by '
<br /> Rrst ctass mail to O�easder's addT:ssstated herein ar any other address Lender designates by notice to Borrawer.Any notice
<br /> provid�d for in this Securit���t;sr�i�ent shall be deemed to have been given ta Borrower or Lender when given as provided
<br /> in thi�paragraph. � . , .
<br /> 35. Gavtre►ibg 1.�w;Scverability. This Security Instru:r..e4,°shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is iocat�3,In the cvent tbat a��y�rr.ovisian or clause of this Security Instrument or the �
<br /> Note conflicts with applieable.law�such conflict shall nc��.�':c, other..pravisions of.this.5ec:urity_1nslrument.or.the.Note . .. . .. ... :. .. ... . ... . .
<br /> ���� which can lie `ven effect withovt the conflictin
<br /> 8► g provisi:.r..-To this end the provisians af this Security Instrum�nt and the ' � .
<br /> Note are declared to be severa�rC�
<br /> I6. Borrower's Copy.� Borrnwer shali he givc�one confarc*.zed capy af the N�teand oPthis SeCUrity fnstrumcnt.
<br /> i�. Tr�ester ot the Property or A Bene&clal Interest ia B�zcroNer. If all��r any part af thc Pr��perty or aoy
<br /> , ioterest in it is sold or transferred(or if a bene&cial interest in Bnrrc,.et is soid or iransferred and Bc�rrnwer is nut a natural
<br /> , person)without Lender's prior written consent,Lender rr.ay,,at�t,dption,reyuire immediate payrricnt in PuU af a11 xum�
<br /> secured by this Serurity lnstrument. Hawever, this o�.�':�:r.sl,a;;'r.ot be exercised hy l.ender if cxercisc is prc,hihited by
<br /> federal taw as ofthe date of this Security Instrument. �
<br /> lf Lertder exercises this option,I,endcr shall give�i��^�+�^��t�ce of acceleration.The uuiice xhall pr��vtdc a pertod . �
<br /> ' � nf ntrt less than 30 days fi0m the date the nc�tice is delivereQ ot tnailecf within which gntrc�wer mutit pay all sums srr ureJ by
<br /> . this Secunly Instrument.If Horrower fails to pay these�:i�s pri�r to the eapiratiun e�f this petiud.Lender may inv��ke:�rfy
<br /> remedies petmitted by this Sec�::rity lnsirnment withauc!urEher nr►t'tce nrdemand�m Horrotver.
<br /> 18.Borrower's RigLt C�`;��teinsUte. 16 Borrcx::meets certain conditinns,Bc,rrawer shafl h:�ve the r�ght to have �
<br /> c�s€�sc�rcnt cr�'i�i't�Sn,-us i:J-=-�trumenr��tinv��Rt'any ume pricsr ta�hE caftrer�,f:(a)5 dayti fe,r wch��tticr periud nti � � ;
<br /> appltcable law mtt;specify.:r,;�retnstafer:2~=;�hefi�te sale nf the Yrnperly pursuant t«any pE�wer E�f.rale conta�nec!in thr4 �
<br /> � 5ecutity Instrumrnt:ar(b1 en:sy uf a�udgment enfutring ihiti Security Inrtrumer�t. 'Ihu�e c�mJm��m are that H�.rrnwcr.
<br /> (a1 pay� l,endei all sums a!�sch then wuuld be due undcr th�s Secur�ty InStrument and the �;o�e had n�ti aca�lcr;��i+m .
<br /> accurred: (b)cures any defau#t of eny c�ther ruvrn�ntti c�r agreements:(c 1 pay� ai!expentie�mcurreJ tn rnfc�rcmg thiti t►
<br /> 5ecunty Imtrument, ineludmg, but not fimited tc�, rea��nuble nuomey�� fees,and fd�takes tiuch acu��u ati Lenilcr n�ay ��
<br /> frasc�ti�bly reyuue t��afi�ure tl►at the lien nf th�c 5rcur�ty In�trument. Lcnder'ti right� m thr Nn��+erty and Hurrau•er'c �,�
<br /> ��bhguh��n tn pay the sum� tie::uted by th�s Spcurity In!�trument 4t�all c•E�rttiaur uneh�►��;c�i, l'{+c�it remtit.itt•�r:ent f�v
<br />- Ek�rt=xves.thtt Ser:ustsm ltotittuntent antl the nl+{igut�um iec:ntrri ltcrrh�-sh�fii rcmarn f�itic•cfiiE•�n�i�<�c tf ti�•;tc�cici�t��.�iE I�:ici. �
<br /> �ti�urtcd Nr�;�c�er,thi<r�ght c�s reinctate tihall nuE apply�n thcre:�tie��t;��crfer,�t��,�,iFridc►p:v:��•ra�:h4 1 i��r !�
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