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<br /> 90�,-10�251
<br /> � IP l.ender required mortgage insurnnee as u conditinn oP making Ihe lc�an secured by �hi� Security ln,icument,
<br /> Borrower �hall pay the premiums required to maintain Ihe insurpnce in effect unt�l such t�me us the requirement for�he
<br /> instiranre term+nates in aecc►rdance with Bc►rmwer's and Lender's w rilten agreen�ent�u a�SpIieabtc tuw.
<br /> 8. Inspection. l.cndcr or its agcnt may make re�sanable entnes u;on �nd iuspectians of the Preperty. l.ender
<br /> shal!gice Hnr*ewer aotice at the time ef oc Ft�or tQ an inspection�pecifj ing reatona�ble cauce for the inspection.
<br /> 9. Condt�nnation, The ptoceeds of any award or claim for damages,direct ar consequentiul,in conntction with
<br /> any condemnation or other takmg af any part oi'Ihe Property,or for conveyance in lieu af condemnation, �re hereby
<br /> assigr►ed and shall bc paid ta l.ende�.
<br /> In the event of a total taking af the Property, the proceeds shall be applied to the sums securcd�y thia Security
<br /> lnstrument,whether or not then�ue. with-any excess paid to Bonower. In the e�ent ol'a paetial taking af the Property,
<br /> unless Borrower and Lender otherwise agree in writing,the sums secared b}this Security I�strument shall be reduced by
<br /> the amount oF the procads multiplied by the following fraction:(aT the total amaunt aP the sums secured immediateiy
<br /> b�ibre the t�icing,di�hded ba(b)the fair market value af the Property immediately before the taking.Any balance shall be
<br /> paid ta Borrower.
<br /> If the P�operty is abandoned bv Borrower,or if.after notice by I.ender to Borraw•cr that the cnndemnor offers to
<br /> make an award ar settle a claim for dam�tes,Borro�•er faila ta respvnd to i.ender within 30 dayc after the date the noaiee is
<br /> given,Lender is authorized to collect and epply the proceeds,at its option,either to restoration or repair of the Property or
<br /> to the sums securcd 6y this Security Instrument,whether or not then due.
<br /> L3nless Lender and Bottower otherwise agree ia�writing,any application¢f proceeds ta principal shall not extead ar
<br /> pastpone the due dete af the monthly payments referred to in paragraphs 1 and 2 or change tho amount ef such payments.
<br /> 10. Borroeer Not Reles�td; Forbeaance By Ixnder Not a Wairer. Bxtensian of the time for paymeat ar
<br /> modification of amortization of the sums secured by this Security Inslrument granted by Lender to any successor in
<br /> interat of Bonower shall nat opetate to release the liabiiity of the original8orrower or Borvower's successors in int�rest.
<br /> Lender shal! not be requircd to commence proceedings against any successor in iaterest or reFuse to eatend time for
<br /> � payment or otherwise malify amortization of the sums secured by this Security Instrum�nt by rcason of any demand made
<br /> by the arigin�l Aorrower or Botrower's successors in interest.Any forb�rance by Lender im e�ercising any right o:remMy
<br /> shall not be a waiver of or preclude the e�ercise of any right ar reme�y.
<br /> 11. Succesfors a�d Auig�u Bo�ad:Joint and Several Liability;Co-signers. 'th:.covenants and agreements of � `
<br /> thi�,Security Instrument shall bind and beneHt the cu<ressors and assigns of Lender and Burr�wer,subject to the provisions '
<br /> �f puagraph l i.Borrower's covenants and agrcemeras�shaU be joint and ser•eral.Any Bonower who ca.szgns this Security ��
<br /> Instrument kut das not eaecute the Note: (a)is casigning this Security Instrvment only�to mortgage,grant and convoy
<br /> that 8anov►•er.'s inte�est in the Property under the terms of this Security Instrument;(b)is not pertonally obligated to pay '
<br /> the sums secured by this Secunty lnstrument; and(c►agrees that �.ender and any oiner�rruwc� nm� agrce .��zt::nd. �
<br /> m�adiPy.forbea�nr make any aceommodations with regard to the terms of this Security Instrument ar the Note without r ,;;,:_
<br /> - that Horrower's consem. - .
<br /> 12. Loaie(,ba�q. ]f the loan secured by this Security Instrument is sLbject to a !aw which sets maaimum loan -
<br /> charges, and thit law is finally interpreted so that the interest or ather loan charges collected or to be collxted in -
<br /> connection with the loan eaceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount
<br /> necessary to redua the charge to the permitted limit;and(b)any sums alread��colleeted t'rom Borrower which exceeded ' ��
<br /> �rcmfitted limits will be refunded ta Bottower. Lertcit� may choose to make thic refund hy reducing the principa) owed .
<br /> under the Nete or by making a direet paymeni to Ba.rower.If a refand reduces principal,the reduction will be treated as a
<br /> ' partial prepay�rnent wilhout any prepaymcnt charge under the No:e.
<br /> 13. I�egisl�tion ARecting Leeder's Rights. If enactment or expiration of applicable laws has the efFect of
<br /> rendering any provision of the Nate or this Security Instrument unenforceable according to its terms.Lender,at its option.
<br /> may require immediate payrttent in full of all sums secured by this Security lnstrument and may imoke any remedies
<br /> permit:ed by paragraph 19.If l,ender exercises this option,Lender shall take the cteps specified in the secand paxagraph of
<br /> paragraph 17.
<br /> 14. Piotices. Any notice to BorroK�er prov�ded for in this Security Instrument�hafl be given by de2ivering it or by �
<br /> mailing it by first class mail unless applicable law requires use af another method. The �.utice shall be directed to the .
<br /> Property Address or any other address Borrower designateti by notice to Lender. Any not�ce to Lettder shall be given by
<br /> f�rst class maii to Lender's address stated heretn or any other address I.ender designates by notice to Borrou•er.Any notice .
<br /> provided for in this Security instrument shall Ue deemed to ha.P been gnen to Borroµer nr Lender w•her.given as provided
<br /> in this paragca�h.
<br /> 15. Gorerning I.tw;Sever�biiit�•. This Secunt�•Instrument shall t+e gn�•erned by federal law and the law of the
<br /> jurisdietion in w�hich the Property is lcuated. !n the e�ent that any prc��•icion or clau�e of this Securit�• Instrument vr the
<br /> . Note conflicts with applicable law,such conflict shall not affect other pro��i�ion�of�h��Seruri!y Instrument or the Note
<br /> which can be given effect without the c�nflicting provision.To this end the prrniciom nf th�s Securny Instrument and the
<br /> Noie ar�declared to be severable.
<br /> t6. Borrower's Copy. Borro���er shaii be given one conformed copy of the��te and of this Secur�ty ins[rument.
<br /> 1'�. Tnnaft� of!de Property or a BeneficEal Interest in Borrower. IF all or an} part <�f the Yroperty ar any
<br /> interest in it is sold os transferred(or if a benefic�al iixterest in Rc�rrow�er i�sold or tramferred dnd B�rrowcr is n�t a natural
<br /> person)without Lender's ptior writtet�conscnt.Lendcr may,at rtti�phon,reyu�rc immtd�atc pa}ment in full��f all tium�
<br /> secured by this Security Instrument. How•ever, this option �hall n�t he exercised h}• I.�nder if exercne i� proh�brted by
<br /> federal!aw•as of the date of this Secunt}Insttument. :-_ -- -
<br />_ * • L_� � ,a � •.::.^� �.^.t.^�:�:�: n ' Ra n�tirt•yh• {nrrniAr a nr �
<br /> I a.CnUCi ciic[�:t�r5 ic��a OjiitG=. a.tiiuCi'�:ia�=Kii':;��i iCS:��C: C%. ltf'... �..� ��.r - -�-f!� '
<br /> of not less then 30 days frocn tt�e date she notice is delivered or mailed with�n at��ch Horro��er mu�t pay all�um�tierured by
<br /> this Secutity Iastrument.If Borro�er f�ils to pay�thesc cums pru�r tc�the expiration of th�c�eriod, 1 endcr may �moke any
<br /> remediespermittedby thisCecuritylnstrument w�th�ut furthes notice ordemand nn Bc�rrower
<br /> 19. Borro�+rer's Rigt�t to Reinstate. if Rorrower meetS certain cetind�u�mr. Ha�rmwer�hall h��e the right t« ha�e
<br /> enfareement of this Seeuriry intitrumrnt discontinued at any�t�me prn�r to the earher nf.lal 5 d.i��lor�uch��ther�xnctid.iti «
<br /> appl�cablc la�+ ma}specify fe�r re�mtatemcnt)hefe�rr tiale�f thr Pr�+pert} �+ur�uant t��.�nc xx�uer��f��1r<<�ntained in thit �
<br /> ( Secur�ty Inc�rumenl: c�r(h}enlry c�f a y«d�ment enfntc�ng thi� Security Intitrument Thn+e cnttdittnn�atc• 4h:+t Fit�rt��wer
<br /> (al �c�y� tender all swns whicb then would he due under th�s Secur�t� In�trumrnt .�nd the� ti��te h:�d ��� a�cc•Icrati�m �1'
<br /> acrur�rd. Ib) cures ani defauli �f any other cc��enantti c�r agreement�. t�1 �.i}� all e•v�en�c, �n�urred m enG�r�int� rh„ �''
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<br /> Securuy Intitrumetn. enclud�ng, hut e�c�t hmited t<�. rea���iiable aunr�zey�' frr�. ::nd Id) t,il.c•� tu,h ,c�[i.m .+� I en�irr ma� y�
<br /> rca5��nab1} rcyuiret�� ac5ure ihat the lien ��f thit 5ecurity Im.numcr�t. 1 �•n�i�r'� nch•: u� �1.�• !'r��rert� .+i�.1 ft��rn�µr+ • �
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