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<br /> � Ii Ltnder required mortjsje ia�ur�nce aa�condition ai'makina the laan aecured by this Secudty Inslrument.
<br /> Borrowcr�hall p�y the premiums�equired to tr�aintain the iniursnce in effect until such time u the r�quirement for the
<br /> iniunnce termintta in uconianet Mith Borrowet't and Lendet's writtrn�jreement or applicable Isw.
<br /> �. i�sctlo+�• Ltnder or its arent may malce rwon�5k entriea upon and inspectioas af the Prope�ty. Lender
<br /> �hal1�ive 9�o�er no�ice at the time otor ptior toan in�pection specefyin�reasonabk canse far tfir inspectic�n.
<br /> *• C�k�. 7'he proc�e6s of any awat�d or clai:n fot dsnu�a,direet or consequencisl.in connoction w�ith
<br /> at�y cundemnation or dher takin�of any ptn d'the p��pet�y, or fQr canvey�r�ce In liea o!'cvrt�em�ution�ar+e hereDy
<br /> aaijned and�hsll be paid to Lender.
<br /> ln the event o!a tota)takin j of thc Aroperty. the proceed�ahsll6e applied to the sunu seeured by this Security
<br /> Inseruenent,�hether or not then due,�vith any eaoai paid to Borro�rer. In the evrnt oi'a partia!takins of the Property�
<br /> �Ron+o�rer a�d Lender olherwriu�a in�vdtin�,the:ums socuted by Ihi�Security InatruiqeM sh�U be teduce�by
<br /> t�a�onnt a�ihe praceeds muft °
<br /> b�fa+e tbe talcin divided ��� ���°��n=fnetivn: (�) the total�mount af the tums�acuted imm�diately
<br /> a. bY(b)the fdr n�arktt v�l�of the Property irnmediatefy before tD�e t�lcinj.Any bslance a1ult be
<br /> p.ie a eonmrer.
<br /> If tbe PropertY q ab�ndoned�r HottoM�.a if�atter noeica by l.ender to Bortower that the cotKkmnor oA�r�to
<br /> �nake�u awrd or�ettk a claim far cWtn�gorraw�r faib tQ�+e�spond to Lender+vithin 30 d�ys aQrr the d�te the�no�tice is
<br /> �i�en•Le�dea'is a�tbocized to colk,ct and apply t�e pro¢eeds,at its option.tither to ratoration or rcpair of the P�opdty or
<br /> . to t�e su��c+sur'ed bY�C&�Security lnstrument,.vbether or not then due. '
<br /> u°le�I.e�dtr Nd Horrower otherw�ise�sta in MritinE.sny�pplication of proceeds to princip�l sh�ll no�ezterd or
<br /> poitpone tlbe due date of the monthty paymenh referred to in para�rtphs 1 and 2 or chaa�e the amouet of iuch p��ment�.
<br /> �� �� � R�� F�e�rvice By l�e� NM• Wa{�er. Eatrnsion of�he time for p�yment ar
<br /> modiAcstlon of amortization of the sums secured by this Security lnstrument s�anted by Lenikr to any successor io
<br /> interat o�8orro�ver thall twt oper�te to rckate the liability af the orisinal BarroMer or Borrawer's successors in interest.
<br /> Lender s1u11 not be requirod to commence proceedints iaainst any successor in interest o� refux to eatend time for
<br /> ptytnent or otAenvix modify amortitition of the sums aecurcd by this Securi�y Ins��ument by reason of'any demand made
<br /> b!►���aa1 Bonower or 8orm�ver't aucces�ors in interat.Aoy forbearance by Lender in eaercisina�ny ri�ht or�emedy
<br /> �hall taf bes+vaiver d'ot preclude the exercise of any��ht or remedy,
<br /> 11. Saeeeron a�i A�ip�Bow�Joi�t�Se�enl 1J�►Uth,C���,s. Th�covenanu and�gaments of ,
<br /> cbis Se�uritZr initrume�t al�al!biod and beneYit the successoro and�ssians aF l.eader and Borrawer.subjecc to�he provisions `
<br /> of p�rapapE�i7. BonoMer's covenants and ajreements ahal)be�+oint�nd Kveral.ARy Bc�rrower who co-sians thia Sccurity
<br /> Inuru�t buq doa not eaecute�he Note:{a)is co-siEnina this Security lastrumrnt only to mortsage,snnt an�f convey
<br /> that Brrra:�et's interat in the Propert�under the terms of Ihis Security Instrument:{b)is nol penomlly oDlipted to psy '
<br /> t6e sums secu�ed by this Security lastrummt:and(c),�o..�.<<�a! �s:;.+:r and anr�il�!► Bc�n��er m�►v asree to eattt�sl, _
<br /> �odti'r,fotbear or make any accommaditiuns Nith re�ard to the terms ot this Socun�y lnstrumeot or the Nae rvithout ,
<br /> that 8orrower'aconsent.
<br /> 12- Lo�w q�a. If Ihe loan securod by this Secucstb instrument is subje�ct ta a Isw which sets maximucn loan
<br /> -, . C11a�k!l. ini! b�t 1,�� �«.�.R:.�3i� .r�.�.�,.�a, ;�,i�ai ii�e ince� vr ainer ian cfiar�es cottected �r to be colkcced tA
<br /> euneac�tia�w�ith the i�a�e�exceed ihe ..�-°- _
<br /> . permitted limita. then: (a)any such loan char6e shall be reduced by Ihe amount �
<br /> �ecestary to reduce thecfi�rse to the permittod limit;and(b)any sums alrady collested from Barrower which eacaded -_
<br /> � permitted tieni��wriU be refunded to 8onu�ver. Lender may chaose lo make Ihis refund by «duciaE the principa! owed �
<br /> nnder the I�otror by makinj a dir+e�t p�yment to 9or�rowet.If s refund�educes prin�ipal,Ihe reduction�vil!be teatod u a �
<br /> pa'tial prcp+�yment without any prepayrti�ent char6e under the?\"aee.
<br /> ' 13• �� �Feetl�t L�e�ie*'= Ri�b. 1f enactmcnt or exR�ratian of applicablc laws ha�the eR'ecl �f
<br /> rende�n=aey provision of the Note ar this Secutity��Instrument unrnforcab!e�ccording to its terms,Lenda,at its option,
<br /> msy require immediate payment in fuli of a11 sums secured by this Se+cunty lnstrument and msy invoke�ny remedies �
<br /> pennittad by p�rajnph 19.!f Lender exercises th�s option.Lender sh�ll take the steps specified�n the second para�ph of
<br /> para=raph 17.
<br /> 1�• 1NotkN. Any notice to BorroMer pmvided for in this Secunty lns�rument shall be given by deli�enng�t orhy �_
<br /> mailin�it by Ant clus mail unless spplicable Isw� vequircs use of an�ther meth�d. The not�ce�h�lt be directed to the
<br /> Propetty Addreu or any other address Borrower desianstes by notice ta I,ertder Any natice to Lender sh�ll be Eiven by
<br /> fint clut mail to Lender's address atatcd herein or any other adQress l.ender designates by notice to Borrower. An}•notice
<br /> provided for in this Security Instrument shall be deemed to ha�e been grven to Borrower or Lendrr when given as pre��dod
<br /> in this para=r�ph.
<br /> �s• Cif���K Uw:Se�erarility. This�acurity Instrument shall be governed by federal law and the law of Ihe
<br /> jurisdictidn in w�hirh the Property is tacate4. Irt tire even�th�t any prov�s�on or clause o(�his Secunty tnstrument or the
<br /> Note conAirts with app�icabk law�.such conA�ct shall not aR'ect other provis�ons of th�s Security lnstrument or tAe Note
<br /> , w�Aich oao be 6iven eReet w�ithout Ihe coa!lict�na prov�sian. To th�s end the prov�sions of th�s Secunty InsRrumen�and ihe
<br /> Nae ue declsr�d co be seversblr.
<br /> ��• �'o�'�C�r• Borrowrr shall be gevrn one conformed copy of the Note and of th�s Secur�ty Instrurnent.
<br /> »' T�tK�� P�o�ertY o► �Bese8cial leteretf i� Borrower. If all or any pan of�he Property or any
<br /> intvss!in ii is s�lc!or transftr:ed(�r if a benefic�af interest m Ht�r�c�wtr ic col�or trans!'rsred sad Hotrncser is n�>�a rtaturaf
<br /> person)writhout Lender's priur written consent, Ltnder may,at �ts aptian,reqmre immed�ate payment in full of ail sums
<br /> serured by this Security Instrumrnt. Howecer, this option si�all nnt be e�erc�sed by Lender �f exerc�u�� prohibited by
<br /> tederallaw as of the date of this Secunty Instrument.
<br /> If Lender exercises Ihis opt�on. Lender shaU g�ve Borrow•et notice of acceleration The no�ice shall provide a period �
<br /> of not less than 30days from the date the notice is deliveted or mailed wuhm whuh tiorrowet must psy a!I cums secured by
<br /> this Security Instrument.!f Borrower fails to pay these sums prror to the e�pirauan of this penod,i,ender may invoke any
<br /> remed�es permittM by this Security lnstrument wuhout further notue ar demand on fiurrower
<br /> 1�•Bonow�t's Ri�t to Reiestate. If Borrov►er meet�cena�n cond�urrnc,Hnrrower sh311 have�he nght to have
<br /> enforcement of this Secunty IRitsument d�xontinued at any t�me ptiot to the earlier of la)5 days/or such a.her prnod ps �
<br /> applicabk law m�y specify fot re�nstatement)he(ort sale of thr Property pursuant to any pow�er af sale c�ntiined ih this �
<br /> � Secunty Inst�ument;ar(b)entry of a�udgmeat enforc�ng th�s Secunty Instrumem 7'h�vse condit�ons are that�rrower
<br /> la1 paYs Lender:ll sums wh�ch then w�ould bt due under th�s Secunty lnstrument and the Nnte had no eccelerauon
<br /> occurred; (b)cures �ny def�ult of an�✓ other �ovenants or agreements; tc� paya atl expenseti �ncunrd in rnfo�cmg this ti
<br />, 5ecunty� Instrument. includtng but not l�mitrtl to, rwsonable attomeyc' fees, and�di �aketi such acuon ac I.r.nder may
<br /> reau�n�bly require to�ssute thit the l�en of this 5ecunty Instrument, �.ender'c nghts in the f'rc,perty and�rrnwer'a ��
<br /> oQLa�t�on to par rhe cums secured by th►s Secun�y Inst:ument shall rnnt�nue unrhanged l'�wn re�nc�atement Ay
<br /> Borro�r��r,th�s Seruri�y ins�rumcnt and�he obhgat�ons serurcd heret►y chall remem fully efiecu�e ati i(nn nccelera�ion haC
<br /> cxcurred Noue�er, tMs naht t�retnstate shall nnt ap�ly m the ease�f acceIaahnn under paragrapt�ti 13��r I T
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