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<br /> � If Lender required mortgage insurance as a condition af making�the t�*a�s�c'�:ii��s�s�c�x•I»strument. �
<br /> . Borrower s1ta11 pay the premiums required to maintain the insurance in effect ar.sii s�1�:�ttze requi�ent for the
<br /> insurance tetminates in accordance with Barrawc�s and Lc�der s written sgreeme�s,`.or a�ptrra�[e ta�?::
<br /> ' _ 8. Iusspectton. Lender os its agent may malce r�saaabte entries upanan�insgectiaax��"��cY•Leadet � . r
<br /> sha[i give Borro�er notice at the time of or priar to an insgection specifyin�reaso�taBTecaus�far the inspe�: - - .. �; �
<br /> -� � " 9. Coadea�nation. The proceeds of any awettf or claim fard3mages.,direci or cunsequentiat.in eostnection witte
<br /> � any condemnaiirnt or other talaing of any part af the Froperty;::on fan canv�yance in lieu af condemnation,are hereby
<br /> assigned and shall�tie�taid to Lender. . � . ,
<br /> � in the event of a tatai taking of the Property.the proceeds sRait be apptied to the sums secured b} this Serurity'
<br /> Instrument>whether or not then due,with any excess paid to Borrower. in the event af a partial taking of the Propetty. �
<br /> . uniess Borrower and Lender otherwise agree in writing,the sums secured by shis Security Instrurrtent shalf be redueed by `
<br /> , the amount oi the proceeds multiplied by the following fraction:(a)ttce total amount of the sums serured`immediately
<br /> before the taking.divided by(b)the fsir market value at the Property immediateiy before the taking.Any balance stuzll be
<br /> paid co Borrower. , � �
<br /> If the Property is abandoned by Ba�rower,or if.after natice by t.ender to Barro��er that the condemnor offers to
<br /> � malce an awatd or settle a claim for damages.Borrower faits to respond to Lender witbsn 30 dayc after the date the notice is
<br /> given.Leader is authorized to collect and appl}ttte proceeds.at its aption.either ta restoration or repair oFthe PropeRy or
<br /> _. to the sums secured by this Se�:uaty Instrument,whether ar not then due. '
<br /> � Unless Lendsr and$orrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpcine the due date of the monthly payments referred so in paragraphs 1 an�2 ar change the amount of such payments.
<br /> 10. Borrower Not Released; Forbearance By Leader Not a�Yaiver_ Extension of the time far payment or
<br /> � modification of amortization of the sums secured by this Security Instrucnea;t granted by Lender to any successor in
<br /> interest of Bonawer shall nat operate to retease the tiability of the original Barrower or.Boirower's successors in interest. " "
<br /> . Lender shaU not be requared to cammeace proceedings against any suc�:essbr in 'snterest or refuse to extend time for
<br /> � � pay�eat ar otherwise mae*.�-�mortization oFthe sums secured by this Securic� It�.�t�ument by reason of any demand made
<br /> by s':s��iginal Bnrrower a��:rrower's successors in interest.Any forbearance�S}3�nder in exercising any right os remedy
<br /> shali nat be a wair:er af ar rreclude the exercise of any right or rer�n�d4. ;
<br /> 11, Snccessais snd Asslgns Bound;Joint and Se�erAl I.sabif�'it�,Ca-signers. The coveruints and ageemenu n€ .
<br /> this Security Instn:itignt sba�bind and benefit the successors and assigns of f�t��r and Borrower,subject to the provisions ` -
<br /> of'paragraph 17.Borro�ti�es's oavenants and agreements shaA be joint and se�era2..?1ny�acsower who co-signs this Security
<br /> lnstrument but daes n�t exec��te the Note:(a)is co-signing this Security Instrument fla<?y to mortgage,grar��t aad convey , ,
<br /> that Borrower s interess i�th�Property under the terms of this S�curity Instrument;(b?i.5 aat personal?�obligated to pay ;--���
<br /> the sums secured by tfiis Security Instrument;and(c)agrees that I.ender and any other Borrow•er may agree to eatend, : .
<br /> , mac�ify,forbear as mak�c any accommodations with regard ta the terms of this Security Instrument ar the Note without ,
<br /> that Borrower's consent. '.. . _
<br />� 12. Loae Chatges. If the loan secured by this Security Instrument is sF�!�ject to a law which sets maximum loan
<br /> charges. and that faw is finaUy interpreted so that the interest or ather loan charges collected or to be collect9d in . _a
<br /> eonnection wit�*.�e loan Pxceed the permitted limits, then:(al any such loan charge shall be reduced by the arisouat _-
<br /> necessary ta rec�uce the charge ta the permitted limit;and(b)any suins alread�eolteeted from Barrawer which exceeded r :'
<br /> �ermitted timits cvi11 be ref�anded to Borrnwer. Lender may ehoose to crtake this refund by sedueing the principa)na•ed -
<br /> under the Note or by makiag a direct payment ta Borrower.lf a refund redu;.cs orincipal.the reduction wiU be treated as a �'
<br /> . partial prepayrneat without any prepayment charge under the Note. � t
<br /> 13. LeqislAtion Affecting Lender's Rlghts. 1f enactrnent or eapi�ation of appficable laws has the effeet of
<br /> � rendering any provision af the Note or this Security Instrument u»enforceable accarding to its terms,Lender,at its apaion, { '
<br /> : �.
<br /> may teqnire imme�diate payrtcent in fuU af all sums secured by this Secunsy instrument and may invoke any rertiecl:es �:..
<br /> permitted 6y�saragra�t►19.lf Lender exercises this option,Ixnde:sha11 take�.he steps specified in the 3eca:.d paragr8ph af � �'fi` .
<br /> . paragraph 17.
<br /> 14. No;iac�. Any notice to Hormwer prrnided far in tiaas$ecarity lnstrument shall be given by delivering e��r isy "�
<br /> mailing it by first ciass r.�ail unless applicable law requires ase of anoth:r method. The nntice shall be direct�i t�ti:e �'
<br /> Propetty Address or a^y o.her address Aotcower designates by noti;.e to Len�fer.Any notice to l.ender shall be given by
<br /> first class mail to l.ender s nddress stated herein or any othcr ad�rc�ss Lxn der designate�by notice t��Borrower.Any notire
<br /> provided for e��9t�S Securiry Insttument shall be deemed to ha�e�°_e�s gi�en tU 8arrower or I.ender when given as provided
<br /> in this paragrapb.
<br /> ' 13. Caverning Law;Severability. This Sccurity lnctrument sha11 bc governed by federal law aad the law of the
<br /> iurt:sdictivn in which the Property is located. b ihe event that any pravisian or clause of this 5ecurity Instrument or�he
<br />' - --�-��-�-----�-�Note�conflicts with�applicable law;such conflict shalt n�t uffect-ather provisions ot'thig�Security�Instrn�nter�t ar the Npte � �--��
<br /> • whieh c�n be given effeet withnut the conflicting prrnision.To this enci the pr�visions oi'this Security 1`nstrument and the
<br /> Note are declared t�be severabte. �
<br /> � 16. Borrower's Copy. Horrower shal)f�e given anr cunf�rmed copy of the Note and ot'this 5ecurity Intitrumcnt. ,
<br /> 1'7. Tr�nsfer a!the l'roperty or a BeneHclal lnterest in Horrower, li'all ��r any part c�f thc Praperty or any
<br /> interest in it is satd or transferred tor i!a bene6cial interest in�3vrrower ic soW or transfcrred u�id Borrower is nat a natura!
<br /> , person)without L'ender's pri�r written runsent,l.ender may.at its nptinn,reyuire immediate payment in full c�f all sums
<br /> secured by this Seeurity Instrument. However.thiy�ption sha11 not F�e exercised by L.crtdcr if exercise iti pr��hihited by
<br /> feQerai law as ot'the date nf this Security lnsirument. '-- -�
<br /> If Lencler exercises this opti�n,Lender shul)give$orrower nutice of acceleration.'1'he notice�f��::�prnvide a perind
<br /> ' r�f T t•t tess than 3�days frc�m the date the notice is deliv�red�r m�,iled within:yi;�ich F3urrowcr must p;�;�'.i��ms secuseef by �
<br /> ihts 5ecurity�4�stru^;rr.t.�S B�rrower fails tn pay thcKe sums pri�s to thc ez;l�ati�n nf this periu�i,L�r.�:r::�sy irti•i�ke;�ny •
<br /> remeclies�?err:;ittcd h;t!�is Security ln�trument without i'urti-e*r�r%_:ce e:�;-::aad�m Horrower. ' !
<br /> ' !�.��*��'x.F��.to�ti4st�te� �f Hc�nc+wer.meet�rrr}ain t-r•��?:�inns, Ilnrrotver shall have�?�__.rtg;,t tc�havc ., �
<br /> . enforcement M t;�is 5:4uc�t4 lntitrument d�scontinued at any time prior tc�the�arlier of:(�)5 d�rys(�7r s.i:'s z�ther petiad av �f
<br /> � �ipriicable law may sprriiy fi�r reinstatemc»t)hefure s�le ot'the P'rnretty pur�uant tu:�ny p��wet nf sale contained in this ��►
<br /> Secutity Instrument;or(h)entty oi a judgment enfarcing this Sccunty In�treiment."thc»e cnuditi��us are t hat Hvrr�nver:
<br /> (a) �Says t.ender �11 sum�which ihen wc�uld br due undc� thi5�5c�urity 1n�l�ument 7nd the Note had n�acceler�tion `t
<br /> �xcurrcd: Ib)cures any default ui'�ny other cu�•enants nt agreementti, Ici p�ys aU eapentie� iitcurrecf in euforan�: tf�tr �y
<br /> 5ecuriiy imtrurr�enf,�ncludtng,hut not limited t��, reesi�ttabte��ltc�rnry� fec�: and fe1)tBICI'ti�liC�l JCt11i11:�� I cndcr ma�• �
<br />" �eaumahl • rc mre ta a��ure ihat t(ir hen ��f thtv Secur�ly Itisttuntenl. f.rnder'� rieht�m fhc• Pra�prrty and H�+rr�+a•cr'ti "t'�
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<br /> r,bl�gatwn tcs pay thc st�ms cccurcci hy thtis Sccnntr lnsftun�cnt �fiait .•<�ittmur rmclr,mgrd ir�ti��u re�r�titcitcmr;tt hv 1" "
<br />- Notr«wer.�rii�e��r�ty i��ctn�t►ient���rd tlfe�hl��!��ttr�m�rcnrrd heret+y ahaH rrrnam fciltr ct�cetsvc:���t�re,:,a•E�elr�:+�i�+�f I,ad
<br /> ��t<.tr�rcd N���tievPr.thi�n�ht t��rcin4tate�hali nnt:�{�p)y i��thc cau•nf acz clrt 7l1��{t U�itlCf ��.�raf,rat�F��1�!�r 1?
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