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<br /> rIf Lender ncqnired martgage insurancr as�a ettaidltion.of making tha la�n�s��by this Secnrny Instr+�ment.
<br /> �orrowrr shall pay tha premiums reqitired�to maihtaindiie insurance in effa�:uatt7i�u�i�time as the requiranmt for the
<br /> ' it�s2rraACe terminates ia arcasdan�rwith Barrower's and Lrnd�'swritten��m�t�or appiicable Law.
<br /> - � 8:.In�ctioo: Le�d�ror,its agent may matce reawna6l�e�fties np��and inspections af t6e Property. Leader .
<br /> s6ali_give Bonasver ns�3rce st tYi.e Yinze of or prior to an irss�ection a�acifS7s,r�►eaitonable cause for the inspeceion.
<br /> ' � ' SF.�.Cood�mnftfen.t',�''1`!�r proc�eds ofarig aaard or ckim fbr��n�g�.direct or conseqt�a�tia}.in connection with ` -
<br /> any;�on4emnatia�,4v��o��ct�ieicing of any part of the Prog=tty;.on ftir conveyance in lieu of condemnation,are 6ereby
<br /> . agsig�ti�-�iis�&kb�!tic:pjiid t'v�:endu. < � .
<br /> - In�t�e��itt+�f4�_��takirsg af the Property.thc procads shail be apptied to tht snms securod by this Security
<br /> instrutpeiat;'wl#�tics:ars not then dnc;.with any�cctss paid w Bnrrower.In th=event of a partial taking of the Property,
<br /> �is.'�s<�t�rriawer�and�L'ender othsrwisca�'ut cvridngs the sums scewed by this Security Iastrommt shall be reducad by
<br /> � �, t�sii�ouni nf�he pruceeds multip�sec€�the foltowing frattion:(a)the total amount of the sums secured immodiauly
<br /> . • 6efore t�cta�Cing,divided by(b)tlirf�fnarket value of the Property iramediately before the taking.Aay balana shaU 6e
<br /> , . paid w Borrower. . � , -
<br /> , . • If the Property i��a�andoned by Borrower,or if,after natice by Lender to Harrscvtr that the condemnor offas to
<br /> � ' malcc an award or seitlt��im for damages.Borrower faiLs to respand tfl L�i�er R-�thin 30 days after the date the aotict is .
<br /> � given,Lenda is authoiir�..�ta colloct and apply the praceeds,at its optiorc��.�ca r�vatarion or repair of tho PrQ�ectq or '
<br /> � - ta the surns sscured by this Sscurity Instrument,whethet or n�i then due. ��.���.` , .� � �
<br /> � Unless Lender and Banower otherwise agra iu writing,any appiicatza�c€'�r�ds to principal shall aot extend or �
<br /> , postpane the due date of the monthly payment�referred to in paragraphs t r�::cr c!�ange the amount of snch payments. � � � `�
<br /> 10. Borrower Not Released; Porbea�cce By Lender Not a Waiver. � E�ctension of t�e time for paym�t or
<br /> 'modi&cation of�mortizatian of ihe sums sea�by this Sesurity Instrument granr�d by Lerr�Yr to any successor in
<br /> ' inierest of Borrawer shall not operate io release the liability�fche original Borrower or Borrawer•s successors in interest -
<br /> Lender shaU not be required to c�mence proceedings ag�-�sse any successor in interest or refuse to eatend time for
<br /> � payment or otherwise'modify amortiTation of'the swns secured by this Security Instrument by reason of any demand made
<br /> by the original Borrower or Borrower s successors in interest.Any forbearance by Lender in esercising any right or remody
<br /> shall nat be a waiver of os preclude the ezercise of any right or remedy. . �
<br /> ' � 11. Sacte�ois snd As�f�Boaad;Joiat�nd Serenl Lia6ility;Co-sigeers. The covenants and agce�neats oi
<br /> this Security Instrumsnt shall biad�^.�i benefit the successors and assigas of Lender an�Qorrower,subject to the grovisions
<br /> of parsg�ph 17.Bonower's co�eaac�s snd agramenis shall be joint and several.Any$orrawer who c.o-signs this Security � " .
<br /> anstrument but does aot��ute the Note:(a)is co-signing�this Security Insuu�rtent only ta mangage,grant and convey �
<br /> tPrat Borrower's interest us��repesty uader ti:e tesms of this Security Ic:strn�nt;(b)is net pers�nally abligated ta pay ;`'°„-
<br /> the sums secwed by this Sece�rity f�stru�nent;and(c)agre�chat Lertder and any atlr�s 8orrovrer may agrce to eatertd, �
<br /> modify,forbear ar make ao�as�a�r::odations with regard ca ehe urms of this Secur�t���lnstrnment or the Note without
<br /> that Borrowa's consent. � . �'
<br /> 12. I.oan Charg+�s. �f the loan secured by this Security lnstrumeat is subject to a!aw which seu maximum loan�� _;
<br /> chazges, and that !aw is�rsalIy interpreted sa that the interes! or other loan charges collected or to be collected in�� . �
<br /> conssxtioss aitb thr loan cxc�t�.pernitted limits. theri: (a)any such taan charge shall be ieduced by ihe amount . � � -��`
<br /> necessary to redua the charge to the permitted iimit;and(b>any sums already coltx2d from Borrower which ezceeded '`a"�
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refur�tE by reducing the principal owed �
<br /> under the Note at by making a direct payment to Hotrower.If a refund reduces pnncipa?,tE e reduction will be treated as a r
<br /> pastial prepayment without any prepayment eharge uAder the Note. � �': -
<br /> 13. Legisistion AReetiag Leader's Rigbts. If'enactment or expiration of arpti:able laws has the effect of ;. ;
<br />.. rcndering any pravision of the Note cr this Security Instrumene unenforceable accordin.�:a its terms,l,ender,at its option. t • �
<br /> may require immediate payment in fal!of afl sums secured by this Secunty Instrurrf�rst and may invoke any remedies �
<br /> permitted by paragraph 19.If Lender eaercises tbis option,Lender shall take the steps specified in the secand paragraph aP ��`
<br /> ' paragraph 1�. ..
<br /> 14. Notied. Any notice to Horrower provided far in this Security Inscrumertt shall be given by delivering it or by _ .
<br /> mailing it by first class mail unless applicable law requires use of another methad. T�.e notice shall be directed to the
<br /> Property Address or any other address Borrower designates by notice ta Lender. Any aotice to l.ender shall be given by
<br /> first class mail to l.ender s address stated herein or any other address Lender designates by notice to Borrower.Any notice ,
<br /> provided'for in this Sec�.rity lnstrurnent shall be deemed to have been given to Borcower or i.ender when given as provided
<br /> in this paragraph. �
<br /> 15. Cp�erning l.ow;5everabiltty. ThES 5ecurity Inar.cument shall be governe�hy EeJerai faw and the law of'the
<br /> jurisdiction i�which the Property is located. !n�the event ths:any provision or clause•��tEaisSecunty lnstram�:t vr the '
<br /> � -�- -�--�-�---�-Note con�Ys�s with ap�?icable law.�such conRt�-shall notaP.ece other provisiuns oi t?�cs Secunty Ie.strument c:�!�a;-Note-� - - --�� �-� -�---�------�--
<br /> which can be g�ven eff�.aithout the conflicting sptavision.To this end tr:�prvvisinns of this Sec�:ity lnstrument and the
<br /> Note are declared to!�e�verable.
<br /> 16. Borrower's Copy. $orrower shal)be given one confvrmed s:opy vf the*:::rP and of this Secur�ty Instrument.
<br /> l7. ?raasfes o!t6e Properry ut a Beneflcia! Interest ln $orrawer. If a!i ��� any part �f the Praperty vr any
<br /> inierest in it is sotd a�tvansferred(or if a beneficial interest in Borrower�s•�!�f ar trans::rred and 8c�rmwer�s nn1 a natura�
<br /> person)withoat Ler.�;�'s prior written consent,Lender may.at its apt�an.require immediatr pa:..^.�ent in full of ali sums
<br /> secuted by ehis Securjcy lnstrument. Hawever.this opttan sha!!not �r e�_rcised by Lender if exercise is prohtbited by
<br /> � federal law as of the datt of this 5ecunty Instrument. � '-- `—
<br /> If Lender exercises this option.l,ender shall give Sc�rr��wer n�tice c.f.aeceleratinn.The notiee shall provide a perind
<br /> ; of aof fas than 30 days from the date the ndtice is del�vered or maiied with.n which gnrrnwer must pay ap wms secuted by ' �
<br /> thls Security Instrument.If 8ottc�wer fails tu pay thae sums prior tn the°expirattan of this period,l.ender may inv�ke any
<br /> remedies permitted by th�s 5ecurity Inst�ument•without futther n��tice or demand on H�rrrnwer. ,
<br /> 18.8orrawer's Right to Itrinstale. If Horrower meets eertain rr,nd�tennc, H,�nnwer�b:�l1 fiave the npht tf+h�ve
<br /> enfnrcemtnt uf th�s Secunty instrument d�srunnnued at any nme prinr to the earlipr af./a)S day!.lut such uther peruxi as �
<br /> � applirab}e taw may spec�fy iar re�nstatement►before sade of the i'roperty pursuant �u any pu�ver of saic c�,mamed,n�h�ti ��
<br /> Secutity Instrumen�,e�r(b)eniry nf b�udgment enfatcmg this 5ecunty Instrument Th��e r�mditumti are�hat Hnrr<�wer. �
<br /> (af pays Lendr�'ali suma which�then would he due under this 5ecunty Instrui��ent at�d the '�ic�tc h:�d rr��accelCrst�orr �,
<br /> occurred. th►cures ar�y default �f any othet covertants or �greeme�ts; 1c� payc all ex�eme��ncurred �n enfi�rcm� th�s ���
<br /> Src�*�ty Instsument, includzng, but nat l�murd ec�, reastmable atlurneys' fee�; and(dl Eaketi�u.:h actr�m a�[.en�3eo rna►•
<br /> , res�wnably !rquzre tif a�sure that the 4en ��f this Secunty instrument. Lender'!, t�ght� in tlic Yri��+erty �nd U��rrnKer's ' J'
<br />; ttibl�p�tlon tt> pay the �vtt�v secured by th:s Stcuttty tn5trument shali conttnue unchaneed C pcm re►nrtatcmr�Tt hy r' �
<br /> [fc�te�wer,thas�cc�utstg�ina�tvincnt nnd thr�+E�trgJt�nna��eurect herebr-sha;f rem;itr►fuif� effecsitin a:rt nrs aca-clerasfrtt��rdr�
<br />: f=c Utted 1�<<utVtr.th�c t�ght tc,remtitote�tiaEl ii<<t ap��15 in th��a�t�r,[a:�eleratit,n tirid�v j�3�:fL�r.e�F�s;���r t'
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