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<br /> ' �Q� i�D1958
<br /> � If I.endef �equired mort���e insu�ance as M canditiaii oP making the InAn sccurtd by �his Securitv l�strument.
<br /> Bar�owcr sh�l)pay the premiums rcqu�red to mAint�in the in�urance in eA'ec�unti) such time a�the requirc�rten�for the
<br /> insu��nce tecndnatss i�accordsnce wi�h Bosrovver's e�nd l.eader's writt_a a6reement or applicable Iavv.
<br /> � R. !al�eet�oe. Lender ar lts�jeat m�►y auke r�sonsble entaies upon and inspec�iai�s af the Preperty.Lender
<br /> sh�ll�ive&�rtower notice at Ihe time oi'or prior to an inspection spec}Fy ing rc�spnable c�use for the inspection.
<br /> !. Go�Mtia�. Tl�e proeeeds oFany�ward or claim for damages.direct or cansequeniial,in connection with
<br /> any cnndemnation o�other takin�of�ny�rt of the Propeny,or for convey�nce in tku of cotxkmnation� arc hereby
<br /> �ssijned�nd�h�ll be paid ta Lender.
<br /> ln the eveot of�totd t�kina ai tbe Propeny, lAe proceed�shail bo applled ta the sums secured by this Security
<br /> instrumeni. whether ar nut ihen due,nvilh�ny excess p�id to Honower. in the event of�partial takina oi the Property.
<br /> unles�Horro�rer ar�d Lrndrr othenvise a�tee in Mrit;ne.the a�ums secured by this Securily Inat�umenl sha116r�educed by
<br /> the�mount of the p�oceeds multiplied by the follo�vind traction:(a)the total�mount oP the sum�secured immMlately
<br /> before the takin�.divided by(b)tht fair market vrlue oi the Property immediately betore the takina.�1ny bdance ahall be
<br /> p�id to Homower.
<br /> � If the Ptaperty is abando�ed by Bonower,or if�aRsr notice by Lender to Borrower that the condtmnor oR'ets to
<br /> make an�wsrd or settk a cl�im tor dam�+�e�.Horrower fails io respond to Lender within 3�dsys after the date the notice is �
<br /> diven.l.ender ia authorizaf to colkct and�pply the procad�.at it�option.either to restoration ar repair of the Property or
<br /> to the sums securcd by ihi�Secudty laatrument,ahether or not then due. '
<br /> Unlas Lendtr and Horreswer othenvise s`ra in writina.any�pplicatioa of praceeds to principaB shall not eatend or
<br /> pastpone the due date of Ihe monthly payments referred ta in paraaraphs 1 ind 2 or chanse the�mount af auch pp�nnents.
<br /> 10. eorrower Not Rekae� Forba�rs+�ce 8y Lende� Not� Wsl�e�. Eatension uf the time for payment or
<br /> malificatian of�mortiutioo of the sum� steured by this 5eeurity lnstrument g�anted by Lender ta�ny successor in
<br /> interest of Borrower shsU not operate ta relase the liabilily of'the oriainal Bv�rowcr or Borrower's successars in inte�at.
<br /> Lender yhall not be rcquired to commence prceeedinas ag�inat any succes.�sc�r in interast or refuse to sxtend time far
<br /> p�yme�t or othenvise modity amurtizatian of the suma secured by this Security lnstrument by reawn of any demand made
<br /> � by the ariginal liarrow�r or Borrower'��uccessors in interest.Any forbearance by l.ender in exercising any right or remedy
<br /> shall not be a waiver of or prectude the eaercise of any riaht or remedy.
<br /> 11. Succesaors a�d A�ipu&w�d;Joi�t u�i Senral I.lability;Co-sttners. The crnenA�ts and agrcemrnts of .
<br /> thl�Security lnsirument shall bind and beneAt the auccGSSOrs and as.cigns of Lender and Horrower.suh��so the provixions
<br /> of p�ragruph 17.Bonowet's covenants and aareements ahall be joint and several.Any Borrower who cie-�sgas this Security
<br /> l�strument�rut does not eaecute the Note:(a)is casigning this Security Instrument anly to mortgage.grant and convey
<br /> that Barrox�er's interest in the Property under the tent�s of this Security Instrument;(b)is not perwnalty ahlisated to pay •
<br /> - the sume secs�red by th:s Secusity ln�trumeal;and(c?ag:e�lhat l.ender aatd any othet dc�rrnwev tna�agrce ta eatend, _ _
<br /> modiPy,forbear or make any�ccommadations with regard to the termc c+fthis Security Ins�rument�r the Nnte without .
<br /> thst Borroaer's consent. -
<br /> 12. I.oin Cfu��d, If the lo�n ucured by this Securiti Inst�umeitt�s subiect �Qa I:�w which sets maximum toa,i -
<br /> - cha�ges, and th�t [aw is Rnally interpreted sa that the inttrrit os otl�r:t€rsn chargss;-sstlrctcd or tei he calttctcd in =
<br /> cannection with the loaa eaceed the permittrd limits. then: (a) any surh��an eharge shall be reduced hy the amaunt —
<br /> nceessnry to reduce the char6e to Ihe permitted limit;and(b)any sums already collected from I�n�wrr which eaceedcd . �
<br /> permitted limits will be refunded to Borrower. Lender may choc�se to make this refund by reduc�ng the principal owed �
<br /> , under the Note or by makin�a direct payment to Borrower. 11'a e�efund reduces principal,the reduction wi11 be treated as a
<br /> pa�rtial prepaymeot without any prcpayment charge under the?�ote. �
<br /> 13. Leglilatio� AReetl� I.tnder"s Ri�hb. If enactment or eapiration of aprlicable lawa 6as the effect af
<br /> renderinE any provision of the Note or this 5ecuri�y Insitument unenforceablr acrnrding�o it�terms.�.ender,at its optinn, ,�
<br /> may require immedi��e payment in full oP all sums secured by this Security Instrument and may im�ake any remedies �
<br /> permitted by paragraph 19.If Lerader exercises this option,l.ender sh�ll take the steps specified in the secand paragraph of �
<br /> para6raph 17. �r.
<br /> 14, Notkes. Any notice to Bonowcr provided for in this Securi�y Instrument shall be giveo by delivering il or hy ,�,'
<br /> mailing it by flrst cla�,s mai) unless applicable taw requires use of another method. The notice sha!!be directed io the ;
<br /> Praperty Address or amy other addross Borrower designate.c by nalice to Lrnder. Any notice to Lender chall be given by
<br /> first class mail to Lender's addres.c stated herein ar any othcr address Lender de�ignatcc by notice t�Borrawrr.Anv nntice
<br /> providcd far in Ihis Securily Insttnment shall be deemed to haae been�iven to Borrow•er or l,endcr when given as�rovided
<br /> in this paragraph.
<br /> IS. Go�erni�Law;Se�tnblllty. ?'his Secunty Instrument shaEt hr Fovemed b�• federal lav�:and the law of tt�e
<br /> jurisdiction in which the Property is located. In the event that any pro�is:�n ar clause of�his Securic. Fnstrument or the
<br /> Note confliets with applicable law,such eonflict �hall not aff'ect other provic�ons of this Security instrument or the Nnte
<br /> which can be given eA'ect without thc eon9icting provision.To this end the provisionc c�f this Security Instrument and the
<br /> Note are declared to be sevcrable.
<br /> 16. Borrower's Copy. Borrawer sha{1�e given nne rnnf�rmeei ea�►y uf ihe TVc�te and�f thic Srcurity Inctrur,ent.
<br /> 17. T�a�ster ot the ProOerty or s Bceefetlal laterest in �r�o�er, li all ot any part of the Yroperty or�ny
<br /> interest in it e�sold os transfe:red(or i!'a brneftcial intere�t in��fri�we�i.usid or tran�ferred and i3otrua�er ic n��t a natural
<br /> person)without Le�der's prior writtcn consent. l.ender may,at its np��on. rrquire immedtate payment in full af all sums
<br /> secured by this S�curity Insttument. }lowever, this option shall not be exercised by Lender ii txcrcise is prohibi�ed by
<br /> federal law as of the date of It�is Secnrity Instrumrnt.
<br /> If Lender exercises Ihis option,Lender shal)give Bonow•er not�cr nt acceleratiun.Thr notir�shall pm�ide a peri��d �---�—
<br /> of no4 less than 30days from the date the notice is delivered or mailed within which Borrnwer must pay all cums secured by '
<br /> thi§Security Instrument. !!Borrower fail�to pay thrse sums pn�r to the expiration of t�Cis periad, ;.,ender may mvoke any
<br /> ` remedits permitted t�y this Security t�s�rument without fur�her not�r�or dcmand on}ic�rco��er.
<br /> 1�.Barrower'�Right to Re:nstete. If B�rrow•er meet5 certain ronditi�ns, Barrowcr shall ha�t the right ro have
<br /> enforcemtn;uf:s�S.-eurity instrument discantinued nt an}t�mc ptic,r to therartier of-(a)5 dayc(or such other perind as
<br /> applicable(aw may spec�fy for reinsta�ementl hefnre sale of tlu Prc�peny pursuant to any�u•er of sale ctmtamed iri this «�
<br /> � Security insarumrnt: or(b)entry of a judgment enforring th�s 5ecuriry Insuumrn�.Tho�e cnnd�tionc are that B�rrnwer.
<br /> � {a) p�ys lxa�er all sumc which �hen w�ould be due under th�s Stcunty Instrument and the Note had no acceieration ���
<br /> occurred; (b) cures any default of any other covenants nr agrrementc; (c) pays all expen�es mcurred in enforang th�c �`�
<br /> 5ecnnty Instrvmrnt. mciudmg, but not iim�ted to, reasonahle attc�rneys' fees, and (d) t�kes such achon at I,ender may �
<br /> reasonably require t�assure that the iien of Ih�r Secunty Instrument, I.ender's rtghte in the Prnperty and H�rrower'c �cA
<br /> obligatian to pay the sums �eeured by this Serunty Inctrumrnt c����l ccmt�nue unehanged t'�x�n reinclalement hy�
<br /> — Ebrroxer,thiv Secunty Inctrument nnd�he��bhgutioric Serured hereb} ch�ll remaen fully rf�ectire i��if n�arc�lerat�un had ' �
<br /> occurred Nowe��er,tliis r�ght tn rein�tate chall nc•t appiy iri the ra�°��f;�cceterau�m under�a�agtaph� F i�ir R 7
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