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<br /> 90-•-10►201�
<br /> � If Lender required martpde insursnCC as a candition of mAk+ng the toan srcurcd by�his Secu�ity instrument,
<br /> NorroK�er ghall�►ay �he ptemiums required ta mainttin the in�unnce i�cff'cc� un1i1 such timc as the requirement faf�he
<br /> in�ur�n�e�ern��nat�in re�ord�nce�i�h Bc�rrowee'��►nd Lender's written�areemGnt nr pp�+lic�bl�I�w.
<br /> t. I�peetlou. Lender or it�ojtnt may m�ke rnsonable entrir er+on�nd ins�+ections aP the Prcpeny. l,�ndtr
<br /> s1u11 sive��rrowe�nvtire�i the tima oi'or pti�r to�n inspec�ion apecifyin��e��o+�able e�ux fo��he inspection.
<br /> 9. Co�ie�a�No�� The practed�oPany��+►�ttd or claim far dam�ge�,direct�ar coasequential,ia conneclian with
<br /> wny rnnckmnation or athet tskina of�ny put of tho Property,or far conveya�re in lieu of candemnation, are hsr�by
<br /> assi�ned Rnd shall�e p�id to Leader.
<br /> In the Gvent ot� tot�i t�kin�af the Property,the proceed+sh�ll be applied to the sum�securM by this Security
<br /> In��rument.whether or rwt then due.with any excas paid ta Barmwar.ln�he cvent of a paniat takinj oi the P�operty,
<br /> unkss Horrower and Lender otherwise ajre,e in writinj.the sums secured by Ihis Secu�ity Insttument shall be reducecl by
<br /> . the�mount of Ihe pmceeds multipli�d by the followins fi�ction:(a)tl�e total amount oP the aum�secured immediately
<br /> beforc the takinj.dlvided by(b)t�e fair muket valne otthe Ptoperty immediately betore ths t�ki��.A�y b�lance ahall be
<br /> paid to Borrower. '
<br /> ' !f the Property is�b�ndoned by Bocrower. or iP.atter natice by Leader ta Borrower th�t the mndem�or offers to
<br /> m�ke an award or settle a claim for dsmases.Borro�ve�fails to respood to L.ender within 30 days aRer the date the notice is
<br /> � siven,Lender is authorized to tollect snd apply the proceeds.at its aption,either to�tstoration or reptir of xt�e Property or
<br /> to the sum�secured by thi�Security Instrument,whether or aot then due. .
<br /> Unlas l.snde�Rnd Borrower athenvise�s�ee in writin�.auy applicalion af proceeds ta principal shall not extend ot
<br /> postpone the due date of the monthly p�yment��eferred to i�parngraph�1 and 2 or chanEe the�maunl af such psyments.
<br /> 10. Bo�rrower Not Re�e�ei; Forbeu��ce By Le�der Nat s W�tar. Exte�sian of thc time tar payment �r
<br /> modiflcation aP amortization of the sums secured by this Securitr lnstrument gr�nled hy I.ender to any succGSSUr in
<br /> inte�est of Borrowrer sh�!!not aperate to release tht li�bility af the ariginal Borrowcr or Bc�rruwer's succes.snrs in inter�t.
<br /> L.ender shall not be required to commence proceedin�s aaainst any succes�r in inter�t or refuu to extend �ime for
<br /> payment or otherwise madify amohizatioo vf the sum�secured by this Securily Insl�umenl Ay«ucon of aay demand made
<br /> by the oriairtal Borrower ar Banower'ssuc�.^es�rs in inte�est.An}fozt�earance by Lende�in eaerci�in�an}riahf or remedy
<br /> sh�ll not be a waiver of or preclude thc exec�ise of an}tishl or reme�iy.
<br /> 11. Srceesron aai Assi�Bouwd;Jolnt a�Serenl 1.iaWlity;Catig�en. The cavenantc aRd agreements of
<br /> thi��!srity Instrument shali bind and beaefil Ihe cuccecsarc and nc�igns af l.ender and Bc�r���wer,�ubjec�tnthe pr�vi�ionc �
<br /> of p��aaraph l7.8orrawer's coveaants and sgreemenb shall bc joine and uveral.Any F��rower who co-se�ns this Security
<br /> Instrumtnl bitt dc�cs not eaecute the Nnte:(a)is co-sig�iag this Seourity In�trument only tv mtvtgage.grs�nt and cons�y
<br /> th�t Borrower`s interest in the Property under thc terms of thic Securily lnstrumenh(b)ic nM�crwnally obligated to�ay
<br /> the sums secured by this Security Ins�rument;and (r?agrcec that Lender and any ather Barrower may a�rce ta cxtend. i ' .
<br /> modify.forbear or make any accommodation�with reasrd to the terms of this 5e�ur�ry Inslrument or t�e fiiate witi�out -=-- _
<br /> th�t pocr�wer's can�ent. �
<br /> 12. �Ch�rse�. If the laan sccured by this Security Ins�rument i�suhject ta a law which cets rnaximum loan
<br /> charses, and thet [aw ls flnally interprcted so that the interGSt or other loan charges colkcted or to be collected in ='.
<br /> connection�vith the loa�eaceed the permitted limits, then: (a)any such ln�n charge shall Ac rrducc� hy the amount _
<br /> neces,sary to rcduce the char�e to the{xrmitted limit:and(b)any sums already rnllerted from Horrower which exceeded , ;"
<br /> petmittod limits will be refunded to 8nrrower. Ler�der may chcx�se Io make this refund by rcducing the rrituipnl owed �
<br /> under the Notr vc by makina a direct pa}ment to Borrower.If a refund reduces princi�al,the r�rclucticm will be treated as a ��
<br /> partial prepaymertt with�ut any prc�ymec�t charge under�he Note.
<br /> l3. l�slatloN AReetiM� Leader's RlgAts. If enactmrnt or expiratian of apptirabte (aws has the efiect aP
<br /> , , renderins any provision of the Note or tAis Security lnstsument unenforceable nccording to i�c termc.LendeQ,at its�ption,
<br /> msy requirc immediate payment i� full of all�ums sccured by this Security Instrument and may invok�any remedies
<br /> permitted by paragraph 19.If l.ender execcise�Ihis option.I.ender shall take lhe steps specified in the second paragraph of
<br /> pan�raph 17.
<br /> 14. Not�ce�. Any natice to Borrawer provided for in this Stcurity Inctrument shall be gi�en hy delivering it or by
<br /> mailing it by flrst clus rtuil unless applicsble law requirtc use of another meahad. The notice sha0 be directecl ta the ;;f�4
<br /> Property Addr�•ss or any other address I3orrower designatcs by notice to I.ender.Any notice to Lender shall tx gi:.+en by ' � �
<br /> firsl clau mail to l.ender's addras stated hcrein�r any other address 1.ender designates by notire to 8orrovrer.Any noticc
<br /> pravided for in this 5ecurity Instrument shall be deemed to have Ixrn g�ven to Ii�rrower or Lec�der when given as pro�idecl
<br /> in this paragraph.
<br /> 1S. Go�enelaR Law;Se�enbility. This Security Instrument shall t+e gcnerned b} federa! law and the law of the
<br /> jurisdiclion in which the Property is located. In the eti•errt that any proviciors or rlauce of this Securit��Ir�4erument or the
<br /> No1e conflicts v►ith applicable law,such r�anflict shalF not alfect uther proE•�sions of thi�Sec.r�crt} Mctrumen�or the Note
<br /> which caa be giaen eRect without the cu�f.icting provisian.To this�nd the provisionc of thcs Secunty lnstrnment and the
<br /> Note s�re des(ared to be sevenble.
<br /> t6, Borroxer•�Cqy, 6orrow•er sha11 be gi�•en one ronfnrmed copy oP the f�ote a��d�f thic Securily lnstrumenV.
<br /> I7. Trsesfer ot the Qro/erty or a Beeeflcial lnterat te�iorroKer. !E all ur any pa�� �f the Proprr�y�r any
<br /> intet�l in ft tssstla os ttsttst'essr�(or's�'abcac�tciat:siicre�t ir�t3c►srnsser i+sot.�or iran�€ertrai unJ i3��rrower iv nut a naturai
<br /> person)witF.uut 1.ender's prior v►riurn rnnsent,Lender rt�ay,at its upuan,require immediale payment�n fuU��f al!aurms
<br /> seeured by tAis Seeurily Instrumero. Howe►er,lhis opuun shall not be exesciced by� Ixnder �f e�ercise�s prottib�ted By
<br /> feda�l law as��f ihe dYte of�his Security Instrumcnt
<br /> lf Lender exercises this oplion, i,ea�er shall gi�e Bc�rrow•et ne�dise of acceleratinn '1 he n�tice chall rr��idc a�+eru►d
<br /> �f not less th�n 3ddays fram the date tht not�ce is deii�•ered or maded wrthm which Borrs�wer mutit pay ali�umc secured hy "
<br /> , thi�Security Instrument If&�rrower fAils tc�pay�these�ums pn�r to�he eer�ratc�n c�t thic penocl,Leoder may�nvoke any
<br /> remedi�permilted by this Securily Insttumet�t with�ut funhrr nnttce or der•sand on Elarrower
<br /> 1�. Borrower's Iti�ht 4a Itdnstate. !f EMrro+�cr meets rertain conditu�ns, Sorrowcr shail ha�e the nght to have
<br /> enforcement of this 5ecurity(nstrumem disc�ntinuetl at any I�me pttor t�the ear{�er of• fa►S dayc lor cuch other period:�c
<br /> appficable taw• may specify far reinstatement)hePvre sale of the Nroperty pursuant to any power of sale containcd in this �
<br /> Secunty Insttument;or(h)enlry oP a�udgmem enfarctng Ih�s 5rcunty instrument 7hcne rnndihons are that Borrna•rr. �
<br /> L (a)p�ys Lendrr all sums w�hich then w•ould be due urrtier th�s Security Instrument and 1he Notc had no arcelecation
<br /> occurrecl; �b)curcs any defauit of any other coven�nts ar agreementc; (cl paye all upcncec �ncurred in erdurcing tM�
<br /> Security It►ttrument. includtng, but noi lim�ted t�►, reau.nable attorneys'fees, and(d) taices cuch achnn ac I,ender may h
<br /> � reasonably reywrt t�Acsure�hv�Ihe licn uf th�s Secunty (nstrument. I,endcr'c right� tn thc Pr��perty and (i��rmwer'e �tA
<br /> nhlidat�on tv pay the wms cerurecl by th�c Secur�ty lnctrument chall c��nhnue unchenged l'•�x�n remtitatement hy N
<br /> iiarr�ns�rr,thic Sec urn� lontruntenl and Ihe r�hligahc�nc secured herehy�hall remam fully effectne�S�f n��accelerat�on had �
<br /> �+ceurrcXl NnKe�er,thtcnghl tt�re�nat�trchall nn!a�ply in Ihecasenf acceleran��n unde�p�raRraphs f�nr f� ` �
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