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<br /> �70� 10�i��,7�7
<br /> if Lender requlred mortgAge inaur�nce Aa a cond�tion of mak�ng Iha Ipan seCUred by lhis Security InStrumenf.
<br /> 6or�ower shell pey!he premlums reQu�►ed to maintain the ins►�rance in eftecf until such t�m�aa the requirement for the
<br /> � in�urance terminatea in accordance with Borrower's and Lender's written agreement or appl�cable law.
<br /> !, �n�c!l�n. �ender or�ts agent rtiay make reasonable entrtes upon And inspectians af the Praperty. Lender
<br /> � shsl!yive 8orrowGr notlGe at the time��or prior to a�inspsctian spec.�lyinQ tp�sonaWe c�use tor the inspection.
<br /> !. Cond�mnaHon. The proceeds ot anyawdrq pr c:laim for dar�ayqs,tflrECtorconsequen4ial,in connection with
<br /> � any Condemnation or other taking of any pArt ot the Property,pr tor.con��anGfl i�,ii,��i q�condem�ation,are hereby
<br /> � aui��ed anc#shatl be paid to L�tnder. •M..��v.:� _,,=�� , � y
<br /> In the event oi e total taking of th@ Praperty,tho proceeds shbll he applied to the aums secured by this Security
<br /> � I��trument,whethe�or not then due,with any excess p�id to Borrower. In the event of a pa�tial taking o4 the Property,
<br /> � unless 8o�rower and 4ender otherwise agree in writing,the sums secured by this Security Inst►ument shall be reduced by .
<br /> the amount o1 the prpceeds muNipUed by the following traction: (a)the tota!amoun!oi ihe sums secured immedlately
<br /> before the taking,divided by(b!the tair ma�ket value of the Property immediatety betore the taking.Any balance shall be
<br /> puid tu 8o�rower.
<br /> If the Praperty ia abandoned by Borrower,or�f,afte�notice by Le�der ta Bor►ower that the condemnor ofiers ta
<br /> ' makeanawardorsettleaclaimfordamages,Borrowerfailsto�espondtoLende�wilhin30deysatterthedatethenoticeis
<br /> � given,Lender is authoriaed to collect and apply the proceeds,at its option,either to restoration or repair of the Property or
<br /> to the surns secured by this Secunty Instrument,whether or r���tien due
<br /> Untess lender aRd 8orrower otherwise agree�n writ�ng.a^4 a�p!►c4C�:cr��!prOCeeCs So pnncipaEShall not extendor
<br /> tarastponetReduedateot.�emanShlyRaymentsrPf,�nedto�r�Ra�agfaphs?a^r��orchan�etneama�rte5suchpayments. �
<br /> � 10. �aarrawK Nof R�NasKf, Ea+rb�aranca sr �.naer � .wahr.r. Extensti�.z.mf the time for payme,nt ar ' ,
<br /> t�r�polticatG�rs�c��amortizetiOn of the s�;.:ns secuted by this Se�Lmty Instrument granteCf�y�ander to any successor in • ' �
<br /> . interesto��arnower�hallnotoperateto�eleasetheliaDilityaithea►iginal8orrowe�or8orrower'seuccessorsin(�te�eat. ' �
<br /> �Ander sfu�:��e�ot be required to commence proceedings against any successor in intereat o�retuse to extend tlme for
<br /> •,� p�ymsnt or of1'�rwise modity amo�tization of the sums secured by this SeCUrity Inat�ument by reason of any demand ,
<br /> m�de by the ori�inat 8or�owe►o►Borrower'a successors ln interest.Any io�beara�ce by Lender ln�sxercising a�y right or
<br /> � remedy ahalt nat be a waiver of or p�eclude the exercise of any rlght or remedy.
<br /> � 11. Suc�sso►s and Msiqns Bound;Jolnt and Sevtral Lisbllity;Co-�I�nsn. The covenants and ag�eements of this
<br /> , Security Instrument shall bind a�d benel�t the succossors and ass�gns ot Lender and Borrower,sub�ecl to the provisions
<br /> of paragraph 17. Borrower's covenants and agreements shall be �o�nt and several Any Borrower who co•Signs this •
<br /> � SecuritylnstrumentAutdoesnotexecutetheNote �a��sco-sit�mn�th�sSecur�tylnst►umentonlytomortgage.gr�ntand ',-
<br /> � COnvey thet 8orrower'S mteres!�n the Ptoperty undv►Ihe terms of thiSSecunty Inshumc�nt Ih1�5 not personallyobl�glted
<br /> ito pay the sums securQd by th�s 5ecur�ty InstrumenL and(C1 agrees that Le°nder and any other�prrowPr may agree to • ,_
<br /> -- - T °Vt@(!Q.fl'!^Q!!�.IOf�p3t Q!rtt3kp�^�a��nmr»n�3(•7^t yy�th �ca�arA fn iht� tc+rmc nf�h.c Cc.���r�ty Inctr��muM nr thn F�.J��
<br /> � witnout that 8orrower's consent °
<br /> � 1Z. Loa�Cha�ya. N the loan seCUred by Ihis SeCU►�ty Instrument is sub�eCt to a law whiC h sets maximum loan =
<br /> _ _ I _ ctlarnes,and that law is linaUy �nlc�rnratwrl cn /hat tho mtara¢f nr ��►,n. ��g.. ..►,a.,..,e ..,.u,,,. ---- - _
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<br /> �� cannectian wrth the ioan exceeci U�e prem�tted hm�ts. then �a)any such toan charge shan be reduced by the amount
<br /> neCessary to reduce thecharge to the perm�tted I�m�t,and(b)any sums already coilected lrom 8orrower wh�ch exCeBded _
<br /> � permitted timits will be refunde0 ta Borrower Lender may choose to make this refund by reduCing the pnncipal owed �
<br /> � u�dertheNoteorbymakingadi►ectpaym�ntto8orrower Ifarefundreducespr�napal.thereduct�onw�llbetreatedasa
<br /> , partial prepayment without any prepayment charge under the Note .
<br /> i 13. Ly��lation AH�etlny Lend�r's Riy�ts. If enactment or exp�rat�on ot appl�cable taws has theetfeCt of rendering �
<br /> � any provision of the Note or this Secunty Instrument unenforceable accord�ng to�ts terms. lender,at �ts opt�on,may :
<br /> require immediate payment m 1u11 oi all sumssecured by Ihis Secur�ty Instrument and may�nvoke any remedies perm�tted
<br /> � by paragraph 19. H Lender exerc�ses th�s opt�on. Lender shall take the steps spec�i�ed �n the second paragraph of
<br /> paragraph 17.
<br /> ; 1�. NOtiCls. Any not�ce to Borrower prcv�ded ior�n th�s Secur�ty Instrument shall be g�ven by delivering+2 or by
<br /> mailing it by tirst Class ma�l unless appl�cable 1aw requ�res use ot another method The not�ce shall be d�rected to the
<br /> � Property Address or any other address Borrower designates by notice tv Lender Any not�ce to Lender shall be g��en by �
<br /> firstclassmailtolender'saddressstatedhere�noranyotheradd�esslenderdes�gnatesbynot�cetoBorrawer Anynpt�ce ;-
<br /> ` ; prOVided for in this Security Instrument Shall be deemed to have been g�ven to Borrower ar Lender when given as provided ' �-
<br /> ' in this paragraph. �
<br /> 15. GoverMng Law;Sererability. Th�s Secur�ty Instrument shan be gov�rned by Iederal iaw and the law o1 the
<br /> . jurisdiction in which the Property is located In the event ihat any prov�sion or ctause ot th�s Secur�ty Instrument or the
<br /> � Note conflicts with applicable taw,such confl�ct.shall not atfect other prov�s�ons ot th�s Secur�ty Instrument or the Note
<br /> � whiChCanbegivenellectwithouttheconil�ct��gprov�s�on Toth�sendtheprov�s�onsofth�sSecur�tylnstrumentandthe
<br /> � Note are dectared to be severable.
<br /> � 16. 80r►oWer's Copy. Borrower shall be given one Confo►med copy of the Note and of th�s SeCUrity Instrument.
<br /> '• 17. Transf�rofthePropertyora8eneticiallnteresttn9or�ower. If�IloranyparloithePropertyorany�nterestm
<br /> . it is solA or transterred{or�t a►�enef�c�at mteres!in 8orrower is safd or tr�n;ferred and Borrower�s not a natural person)
<br /> • wilhout Lender's prior written Consent.Lender may.at its option,require�mmed�ate payment�n fullof alt sums secured by
<br /> � thisSeCUrity Instrument.However,th�s option shall not OeexerCiSed by Lender�f exerC�se�s proh�bited by federal law as Of
<br /> � the dete ot this Secunty Instrument
<br /> : If Lender exerc�ses this option,Lender shall g�ve 8orrower not�ce of acceieratron The not�ce shall prov�de a pe►�od
<br /> o!not less than 30 daysir¢m the date the not�ce�s deiwered or ma�lecd w�th�n wh�ch Borrower must pa y all sums secured by
<br /> this Security Instrument L�Borrowes fails to pay these sums pr�or to the expirat�on of thrs period.Lender may�n�;k?any � —
<br /> ; remeAies permitted hy th�s Secur�ty trtstrument w�thout further nptice or demand cn 6r°�ower �
<br /> � 1d. Borrower's Ri�htto Reinstate. 'if 6or�ower meets certain cortd�t�ons. Borrowe�shall ha.e the r�ght to r.ave �
<br /> : eaforCemenlofth�SSeCUri2ylnstrumentd�scoRter;,z�atanyt�mepr�ortatr.eear::erof tal5daysio�s.^.hotherpenoc2a5 '
<br /> applicable law may spece5y for rernsiatement)bet�re sale of the Propert;���.,*s;.ar.:�o any power oS sare conta�ne6�n ir.�s �
<br /> Securitylnstrument:or(b)entryotayudgmententorcmgth�sSec�r�tylnstrument TFoseGOnd�t�ansarethatBorr�vre: (a)
<br /> pays LenAer alt sums whiCh then would be due under th�s Seci:��'y I nstrument and the Note had�a accelerat�on oce:.-red.
<br /> � (b)cures a�►y defauft ot any othsr Covenants or agreemer�ts. (c� pays all expenses�ncurred �n enforc�ng thiS Secunty
<br /> Instrument.inC►udirtg.but not limited to.reasonable attorneys'fces.and(d}takes such act�on as Lender may reasonably
<br /> requ�re toassurethat thel�enof th�s Secur�ty Instrumeni.Lender�s r�ghts�n the Property and Borrower�sobl�gat�on to pay �
<br /> ' thesumsseCUred by th�s SeCUtity Instrument staall continue unChanged Upon r��nstdtemerit by BorrUV�er.th�s SeCUrity
<br /> Instrument and the obhgatrons secured hereby shall rem�in tuny effechve as�t nv acceierat�on nad occurred However.
<br /> this nght to re�nstate shall not Appty m the case of accelerat�on under p�ragrapns 13 or i 7 �y
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