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<br /> (" � If Ixnder requireti raortgage insurance as a condition of making the laan secured`by this Secwity Instrumeat, �
<br /> � &irrowersball pay the premiums required to maintain the insurance ih effect until such time as the requirement for the
<br /> insurance terminata in accordance�vith Borrawer's and Ixnder's written agraement or applicabte law. •
<br /> . 8 Inspecitoa. Lent�er o�its agent may maice reasonable entries npon anc!inspectians of the Preper[y:Lender � �
<br /> slqalt give Borroaer notice at the time of or prior ta aa inspeciiun specif}�ng reasonable cause for the inspection. � �
<br /> 9. Condemnat�on._ The proce�s of any award or claim for damages.direct or consequentia}.in connectian with '
<br /> • , any condemnauon er�ther takiag af any part of the Property, or for conveyance in tieu of condemnation,arc hereby
<br /> ' assigned and sl�a�l be paid to Leni�er. . ' �
<br /> � In the event of a total tatting of the Property.the proceeds sha.Et�e applied to the sums secwed tay this 5ccvrity � "
<br /> Instrument,whether or not tlten du�'with any excess paid to�iono��In the event of a partial takinig of the Property, �
<br /> unless Bo�rower aitd I,ender c�th:swise agree in writingt the sums secureci�by.thi�Security instrnment shall be reduced by �
<br /> the amount of the proceeds mnFtiplied by the folloadng ftaction: (a}th�total�ainaunt of the sums secured immediatelyr=�
<br /> before tlietakiag,�ivi�ec�by(b)t�e fair market value of the Property im�mediatety before the taking.Any ba}aiice sha116e
<br /> paidte8nrrower. , . - . . .
<br /> If the Property is abaadaned by Bonawer,or if,after notice by Lrnder to Aorcow�er that the cond�*��r offers to `
<br /> make an award or settle a claictn�'�s damages,Bona�er fails to respond to Lender withirr-30 days after the date the notice is -
<br /> ' given;Lender is authorized ta:.�µVct and apply the praceeds,at its opti4n,either to_restoration nr repafr��lhe Pcopertg eu
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<br /> --- - . ----__ . ..ta t�e st�sss:ur:�€���s-�:,�y�»suvrnenr.wl�ether or nof iSeE.i��-: � --
<br /> Unless Len���d�Ba�nwer otherwise agree in writing,any aF�_cation of proceeds td�r."r.sipal shall not extend a�,.:.. '
<br /> postpone the due dat�af tise s��:i:hly payments rePened to in�aragraptss i and 2 or ct�ange the aniouni of such payments: � �
<br /> � '' � . 10. BorroR�er Not 8�ie�ed; Forbearance By Lender Not a Wsiver. lEx�ension of the rime for payment or
<br /> :,�}.� madification of amortizatior, ;,f��te sums,secured by tlais 5ecurity�Instroment g�a�a'ted by Lender to any successor in ' '
<br /> - = • interest of Borrower s}�1 no�cperate to.retease the tiabitii"y'of the original Bonower or Borrower's successors in interest. �
<br /> , Lender shall not be required to commence prpceedings against any successor in interest or refuse to extend time for �
<br /> payment ar otherwise raadify amortization of the sums secured by this Security tnstrument by reason ofany demand made
<br /> by tFie original Borrower pr Borrewer's successors in interest.Any f�rbearance by Lender in exercising any right or remedy
<br /> _ __ sha1J no2 be a waiver afor Drecvu�:.theexercise of any re¢ht or remedy. � �
<br /> 11. Successors aad Assigns$ouad;Jotat and Several Liabllity,Casigners. The covenaats and agreements of . � •' �
<br /> this Security Instrumes�t shall bind and benefit the successors and assigsns af Lender and Borrower,Subject to the provisiars '
<br /> . of paragraph 17.Bonawer's covenants and agreements shal)be joint ans5 several.Any Borrower�ho casigns ttsis Security
<br /> lnstrument but does not eaecute�the Note:(a)is casigning this Security Insirumzr:s-.only to mortgag�,gra*zz a�d convey � �
<br /> that Barrower's interest irt the Property under the terms os this Sec;urity Instrum��;�,(b)is not personally ob:igated to pay ' �'
<br /> the sums secured by 2h"ss Security Instrument;and(c)agrees that Lender and any other Bonower may agree to extend, . '
<br /> modify,forbear or ieuz.kA any accommodations wiih regard to the ternss af this Security lnstrument or the Note without
<br /> .. that Borrower's consent. � �
<br /> 12. Loan Cltarges. if the Iaan secured by th'ts Securit�lnstrument is subject to a law which seis maximum loan �
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected or to be coltected in ��:t
<br /> connection with the loan exceed the pecmitted limits. then: (a)any such loan charge shall be reduced by the amount � ' _�
<br /> � necessary to reduce�i`c�wharge to the permitted limit;and(b)any sums a:ready coltected from Bonower which exceeded '
<br /> .. ."
<br /> permitted limits wiyt 1'yr refunded to Borrawer. I.,ender may choose t�n-:ake this refund by reducing the principa!awed � ''
<br /> under the Noie or by making a direct payment to Horrower.If a cefund reduces priac��al,the reduction will be treated as a
<br /> ' partial pre�ayment without any prepayment charge under the Note.
<br /> 13. Legislatton AfYecttng Lender's Rights. If enactment or expiratia;� �f applicable laws hr�s the effect of;
<br /> ; rendering any provis�on of the Note or this Security Instrument unenforceable according to its terms,Lender,ae its opiion. j
<br /> may reyuire immediate payment in fu0 af all sums secured by this Security Instrument and may invake any remedies ' '
<br /> ; permitted by paragraph 19.If Lender exercises this�ption,Ixnder shall take the steps•�pecified in the second paragraph oP ;r��=
<br /> pacagrap�17.
<br /> 14. Atottces. Any rtotice to Borrower provided for in this 5ecurity Instrument shall be given by delivering it or by � '�
<br /> mailing it by first class mail unle.5s appticable law requires use af another method. The notice shall bc directed ta the � `
<br /> Property Address or any ofher address Borrower designates by notice ta I.ender.Any notice te O.ender shall be given by �
<br /> first class mail to Lertder's address stated 8�erein ar any other address l,ender designates by notice tci Horrower.Any notice
<br /> provided Eor in this 5ecurit�lnstrument shall be deemed tn.havr been given ta B�rrou�er or l.ender whcn given as providcd
<br /> � in this paragraph. .
<br /> l5. Governiag 1,ew;Severabllity. This Security Instrumcnt s?�!1 be sovcrned by fedcra�?aw ar�d the law of'the
<br /> jurisdiction in whic3�the Pmperty is loaated. In thc event that any ptov�3ian or clause nf this Serurity Instrumcnt or the •
<br /> Note.conflicts with.a,��licable law.such conflict shall npt affect bther provisions of this-Security-Instrum"ent��r�the�Note-----��-�� - ���--� ��- �- - --�� �- --
<br /> which car.�e given eftect wittiaut the conflicting provi5iorc. �'o th�s end the provisic�r�s of this 5ecurily lnstrument and the
<br />� Nate are decJared to bc severable.
<br /> 15. Borrowef's Copy. Hc�rr�wer shb116e given nne confirrme@ cc,py�f the'vote and af this Security Instrument.
<br /> 17. Transfer�f the Proyerty or a Reneflclal Interest In Borra�ver. If al?ar any part of'thr property c�r any
<br /> . interest in it is sotd���ransferred(�r if a beneficial interest in Borrowcr is sold or Iransferred and Aorrower is nnt�natural
<br /> person}without l.ender's prior a�.?cen consent,Lender may.at its optian,require trnmediate paymcnt in full of a)I Sums
<br /> secure�'L�this Security Instrumer.t. However,this opiioa shap�:<�t bc exercised �; Lcttder if rxerrisc is prohihited by
<br /> federal Iaw as of the date�f,this 5ecurity lnstrur�ent.
<br /> If Lendee ex,:r�;;es this�nptinn,Lender sha11 give Borrower notice c•f acce.e=at;on.The notice shaU pmvieic a per'c:� � •. �
<br /> of nnt l�ss than 30C:�;�fram the date the nntire is delivered or mailed witr i-�sr h:ch���nowcr must pay al)sums securc��y �
<br /> this Sec;:r�y Instrs.-:-_-:r. If Bc;:��.�r fails to pay these sums priur to the expira�;.-:c°thsti period,Lender may invoke any �
<br /> temedies�7�:rnitted�y t?;isSecL-ity lnstrument with�ut Pur�her nutice�r d�mand c-n}3�rre�wer. , '
<br /> .1�:3orrowet*3�tight to Reinstate. !f&�rtowes meets certaia;,�:r.ciiti��nc,Borrower sh;:!!t��e slie r�gh!tc�h.ire - - � i
<br /> . �nf�tcemefit offhis Security lnstrument discontinued at any lime prior ta the c:itlier oE(a)5 days(or sucb<�thcr periud as �'
<br /> applieable law m�y specify for reinstatement)brfc�re sale of the hrtiperty pursu�nt to any��wer uP sale c��mained in this
<br /> 5ecurity Instrument;��r(b)entry��f a judgmcnt enforcing this Sccurity Intitrument. 7'h�sr amditiuns arc th�t He�trnwer. ��
<br /> (a)pays Lender all sums which then would be dar under this Security lnstrumcnt and thc h��tr had no acrcicr.ition � ��'
<br /> arcurred: (b)cures any defauft ot any nther rovenants c�r agreements; (c) pays ali expcu�es u�eurreei in r„f�ac�ng thic �'
<br /> Security lrssttument, inclading, hut nut l�mite�te�, rea�c�n:,ble att�rncyc' fee�; and(d}����iy tiu�h 1�tu�n a� l.ei�dc'r m.�y � il�f�
<br /> reati�uabl,v reyu�rc tn assute that the l�en nf this Secutity lnstrument. Lcndrr'� r��;ht� �i� the {'ri►per�y .md N��rn�wrr'c f' t
<br /> Ffbl�gat��n tts �,�y thc sum5 Seeure�l hy tl�fc yc'cur►ty tn�trutneuE iI1J{I cc�ntinuc imch:u��c•�! t'pu�� �c���4iatc�Gent hy 4• •
<br /> #I�rrr�wtT.�tit5 Sectiiety Iti�frur�icnt at��f tf�c�,h1i�,atierei�,cecurec!hcochp chalt rcros►n fully�(}c�hcc 3��f�o aricler�uui�h:,,t
<br />- f�C(:UflC��Ill�t�eLCf.l�I1S t1YFlf���CClClS�stg S�f;�l�rf;f it�.(rty III i�iC l'itSC l�f.�t'L C�CfF11l1�(1 Utlt�f'�(�.i1.1�fJ�+�t� ��'��t �~
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