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<br /> � 9t1--w 102�.'79
<br /> � If Leader reyuircd mortpje insunnce as�candition of m�.ing the loan sc.,�urc� by this Security lnurument.
<br /> � 8orrower sl�all pay the prcmiut�.+required to maiat�►ia tht imurance�n eRect until sucA tim�rs the requirement far the
<br /> � insursnct terminates ia accordance with 8orroMCr's u�d�.endec's aritten sg�am�nt or�pplicnhle law.
<br /> �. j�eeti�. LGnder or its aaent may m�lce rasonable entries upon snd inspections oi'the �roperty. i.endtr
<br /> � shall Sive Horrower notice at the time of or prioe to an inspection speclfying reasonable sause for the inspection.
<br /> ' 9. CoNdew�adoe. The procs�eds of'�ny awuca or claim for d�msga,disect ar�onsec�uenti�l,in connection with
<br /> , � � �ny condemnation or other tsking oF any psrt of the Property. or for co�veyAnce in lieu of concletnnation, are hereby
<br /> � assianed and shaD lx paid to Lender.
<br /> I In the event of�tota! taking of the Property� the proceeds shsU be applied ta the aums secured by this Security
<br /> ln�trument,w►hether or not then due.aith any excess paid to Bonower. In the event of a partisl taking of'the Property.
<br /> ! unksa 8orro�rer u�d I.ender otherwlse asra in wrlting�the sums secured by this Security Instrument shall be reduced by
<br /> the unount of the proceeds muldplied by the fallowing frACtion:(a)the total unount of the sums secured immediately
<br /> before the talking,divided by(b)the fair market value of the Property immediately before.the taking.Any balance shall be
<br /> p�id to Borrower.
<br /> � If the Froperty is�t�ndoned by Bonower,or if,after nosia by Lender to Banower thit the condemnor o�'ers to
<br /> make�n aMard or settle A clxim for dunsges,Borrower fails to respond to Lender within 30 dsys after thr date the notia is .
<br /> given,Lender is authorized to collect and apply the proceeds�at its option,cither to restoration or repair of the Property o�
<br /> � to tbc aums secured by this Security lnstrument,whether ar not then due.
<br /> Unless Lender and Bonower utherwise�ra in writing,any applicmtion of procads to principa!shall not eztend or
<br /> 1 postpone the due date of the monthly pa�ymrnts referred to in pusgrAphs 1 and 2 or change the amount of such payments.
<br /> il� Borrower Not Rek�al; Forbearuoe By Lender Not � Wd�e�. Extension of the time for pnyment or
<br /> modificaanon of�mortization af the sums secured by this Security lnstrumtnt grAnted by Lender to any successor in
<br /> interest of Borrower sh�ll not operate to relws�r�e liability of the original Borrower or 8orrower's successors in interest.
<br /> I.ender slull not be required to commence prra�ceredings against any auccessor in interest or refuse to eatend time for
<br /> j psyment or otherwise madit�r amortization of tt�e anms secured by this Security Instrument by reasan of any demand made
<br /> � by the original Borrower or Borrower's succasors in intere,ct.Any forbearance by Lender in eaercising any right or remedy
<br /> shall not be�waiver of or preclude the exercisc aFan)right or remedy. ,
<br /> E 11. Sncce�ors and Assilpv Bound;Joiet wd 5e�en1 Liabilitlr;Co-signers. The covenants and agraments of °
<br /> � this Security Insttument shall bind and beneflt thr successors and assigaes of Lender and Borrower.subject to the provisions . .
<br /> ' of paragraph 17.Bortower's covenants and agmeaaents shall be joint and several.Any Borrower w ho co-signs this Security .
<br /> � InsU uiuC�it 5ui does 7ot c�..cute ihc Roic:(a)is co-s,gning t:sis�ccurir;!nstrnment only to mortl[age. grant and convey ='__,-:_
<br /> � that BorroMer's interest in the Property under the ternns of this Security Instrument;(b)is not personally obligated to pay -
<br /> i the sums secured by this Security Instrnment;arld(c)agras that Lender and an�other Bonower may agree to extend.
<br /> -- - -� � modify,for6ear or make any accommcxlxtions sith regard to the term5 of tnis Securiry instrument ar tne ivoie wiinoui - _
<br /> j that Aorrowcr's consent.
<br /> � 12. I.oaa Gbarga. If the loan secured by this Socurity Instrument is subject to a law which seu maximum loan _
<br /> charga, and that law is 6nalty interpreted so that the interest or other loan charges collectod or to be colleetod in
<br /> Iconnection with the loan exceed the pe�mittai limits, then: (a) any such losn charge shall be reduced by the amount ��
<br /> inecessary to roduce E2�e charge to the permitted limit;and(b)any sums already collected from Borrower which excte�ie�
<br /> � permitted limits wi11 be rcfunded to BonoaeQ. i.ender may choose t�make this refnnd by raiucing the principal owed
<br /> under the Note or by making a direet paycnent to Borrower.If a refund reduees Primci�c+l,the reduetion will be treated as a
<br /> j partiul prepayment without any prepayment charge under the Note.
<br /> I. 13. Le�isl�tioe Afrecting Lee�er's Righte. lf enactment ar expiration of appticable laws has the effxt of
<br /> ; rendering any provision of the Note or this Sec�uaty Instrument unenfQareable according to its terms,Lender.at its option,
<br /> � may require immediate payment in full of aIi sams secured by this Security Instrument and may invoke any remedies .
<br /> i permitted by paragraph 19.lf Lender exercises ihis option,Lender sball take the steps specified in the second paragraph oS
<br /> � paragraph 17. '� �`
<br /> ; 14. Nodces. Any notice to Borrower provided for in this Security tnstrument shall be given by ddivering it ur izy ���.
<br /> � mailing it by first class mail unless applicabk law requires use of another method. The natice shall be directed to tke
<br /> ' Property Address or any oiher address Born¢arer designates by notice to Lender.Any notice to l.ender shall be given trk
<br /> first class mail to Lender's address stated hereia vr any other address Lender daignates by notice to Aorrower.Any notice
<br /> ; provided for in this Security Ins�c�ttment shall be tieemed to havc been given to Borrawer or Lender when given as provided
<br /> � in thisQa�ragraph.
<br /> ' 15. W�er�L�Lw;Sevtrsbility. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any pro�•ision or clause of this Sccurity Instrument as[he
<br /> � ' Note wnflicts with applicable law,such conflict shall not a}f'ect other provisians of this Security Instrument or the�i.a�te
<br /> � which can be given¢flect withaut the conflizting provision.To this end the pro�esionc of thic Security Instrument and tIte
<br /> � Note�re declared to be severable.
<br /> 16. 8orrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security lnstrument.
<br /> 17. Tranattr ot the Property or a Brneflcial Interest in Borrower. If all or any part of the Property or an}
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or ttansferred and Borrower is not a natural
<br /> person)without Lender's prior written consent. l:ender may.at its option, require immediate payment in full of ull sums
<br /> sxus�by this Stce*�t;Insi*»n���i. l3osvsver. ihis�pti�n shall noi be exercised by Lender if exercise is prohibited by ; =—_
<br /> federa!law as of the date of this Security Instrument.
<br /> If I.ender exercises this option, Lender shall give Borrower notice of acceleration.The notice shaU provide a period
<br /> af not less than 30 day s from the date the nc�tiee is delivered or mailed within which Borrower must pay al l sums�ecured by
<br /> this Sa�rity Instrument.If Borrower fails to pay these sums prior to the expBration of this perind. Lender may invoke any �
<br /> remedies permitted by this Security Insirument without Purther natice or demand on Borroc�•er.
<br /> 1$.Borrower's Right to Reinstate. If BortQwer meets ceriain condit�ons, Borrower sha91 ha�e the nght to ha�•c �
<br /> � enforcernent of this Security Instrument discantinued at any time pnor to the earl�er of:(a)5 dayti lor such�,ther penod�s
<br /> applicable law may specify for reir�st�ternenU b�;fore cale�f the Pro�erry pursuant ta an} pow•er ��f sale cont�ined in thi�
<br /> Seeuriry Instrument; or(b)entry of a judgment enforcing th�s Securit�•Inctrument. Tho�e cond�tions are that 13��rrawer n
<br /> (a� pays Lender all sums which then w•ould be due under this Security Instrument and the ti�te had n�� acreleiatwn �
<br /> occurred; (b) cures arey default of any flther covenants ar �greements, (c) payti ali expen�e� mcurrcd in cnfnrc�ng thi�
<br /> Security instrument, inrluding,hut not limited to,reasonable attorne}�' fec�s: and fd) taf.e�.u�h act��+n ati I.ender ma} �
<br /> reasanably require to assure that the lien of th�s Secunty Imtrumem, I.cnder'ti r�ght, �n the !'rorcicr and It��rr��Hrr'. ' '
<br /> obl�ganon to pay the tiums secured by thiti 5erunty Instrurncnt �hail cantmue un,hanE:rJ 1��.,��� rrin.i,,trn�rnt h�
<br /> f3orrow•er,th�s Security In�trurnent and the obligat�on+secured he!ehy tihtill rrmain fully eficcti« .i�if n,�,��,ric�.�tnm h.u!
<br /> �ecwrred.Ht�w ever,t his nght to re�nstate�hall not ap}�lc in the cau af ucreler.+tirn wider�-,u.iNia��h� 1;��r 1'
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