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<br /> If Lender requlred mortgago insurance as a cond�tion o! making the loen soCUred Gy th�s SoCUrily ln9lrument.
<br /> 80rrOwe�shall pay the premlums requirPd to maintain the in9urance ir�eltect unt�l such t+me as the re�auiroment tor the
<br /> , � insurance terminates in acco►dance wifh Borrower's and Lender's written agreement or applicable law
<br /> �. IMp�cUon. Lender or its agent map make reasoriabto entrias upan and inspecUOr�s o!the Property Lencler
<br /> - sh�ti give Bonovrer notice at!he time�i or prlor ta an inspaction�pec�fymg reasc�nable cause lor the �nspection.
<br /> � �. Cond�mnatloo. Theproceedsofanyawardorclaimfordamages.di�ectorconsequent�al,�nco�►�ect�onwith
<br /> any condemnation or other t�king ot any part of the Property, or br conveyance m lieu ol condemnalion, are hereby
<br /> assigned and shall be paid to lender.
<br /> In Ihe event of a tutai taking ot the Property,the p�aceeds shall be applied to the sums secured by this Security
<br /> I�strument,whether or not then due,with any excess paid to�ar�ower.In the event of a part ial taking o1 the Propehy,
<br /> , unless 9or�ower and Lenderotherwiseagree in writing,the sumssecured by this Security Instrumentshal�be�educed by
<br /> the amnunt of the proceeds muttiptied by tha following fraction: (a)the total amount of thesums secured irnmedlately
<br /> � beforethetaking,divid�dby(b)thetairmarketvalueoltheProperlyimmediatetybeforethetakinc�.Ar��bala�ce�hallbe
<br /> paid to Borrower.
<br /> � It the Prop�rty is abandoned by Borrower,or�f,atter notice by Lender to 8orrowe�th�t tho candemRorQfters to
<br /> ! makeanawardorsettleaclaimfordamages,BorrowerfailstorespondtoLenderwithin3QQay�ct(t��r.cliedatetheRQticeis
<br /> ; given,Lander is authori28d to col leC4��d apply the proCeeds,at its option,edher to restor,34ion er r�_r�i�at the��o�Jert}r vr
<br /> to the sums secured 5�this Security t�strument,whether Qr,^�t then due
<br /> UnlessLenc�ec�.r��Borrowe�athe�wisea�r�einwritc^�.4�yappbC3�t:ic�R.clfp�UCe�:sio�rtrrci�a4PShallrtote�.tcnc�'qr ,
<br /> ;aostpo�e the due dat�cAt�he montr,dy payme�ts re'°-�e�ta::�paragraphs"2r�s2cr cra-�e the��cu�e c#Such.pay�in���t�
<br /> . . . 10. �o►�ow�r Not R�NaNd; Forb�a�a�oe 6Y �Nede� A�loi a WXi�rtr. Exte�si�.:� ot tr�e C�m��`cr p�Yrn�ant ctr
<br /> � � moditicatic++�01 emortlzation of thes�ms secu�d by tRas S�:�.:�liy�nstrument grantec!�y leade,rt���+�;ye�����► • �
<br /> interest of�or�ower shall not operat�to release the liabil+ty cet�e orlglnal8o►�ower or 8o��ower s successars�n iRterBSt.
<br /> Le�der shatl not be requlred to commence O�oceedings again$t any successor i�interest or refuse!a extend tame for
<br /> payms�t vr otharwiae modify amortizalion ot the sums secured by this Security Instrument by reason ot any demand
<br /> made by the original8orrower or Borrowe�'s successors in interest.Any torbearance by Lender in exercising any�ight or
<br /> �emedy shall not be a waiver of or preClude the exe�Cise of any right o►remedy.
<br /> 11. Suc�ssors and Asstqns 8ound:Jolnt a�d Sereral Liebllity;Co-slgne�. The covenants and agreements o1 this
<br /> SeCUrdy Instrument shall bind and benef�t 1he successors and assigns oi Lender and Borsowe�.sub�ect to tha prpvisions
<br /> ot p8rag�aph 17. Borrower's covenants and agreements shall be�oint and several Any Borrower who co-siqns this .,
<br /> SecuritylnstrumantbutdaesnotexecutelheNote l�I�sco-sigrnngthisSecuntylnstrumentonlytomortgage.grantand • �
<br /> GOnvey ihi�l8or►ower's interCSl in the Property tinder the terms o1 this Secur�ty Instrument.(b) �s not person�llyobligated �
<br /> � ta pay the sums secu►ed by this Secunty Instrument.anU(c)agrees that L�rnder and any other Borrower may agree to .�
<br /> extend, modity,forbcar or make ar�y accammodations w�th regard to the terms o1 th�s Securily Instrument artl'�e Note ' : ;
<br /> f.•_=
<br /> - w�tttout that 8orrowcr'S cv;tisant ='—-
<br /> 12. LOan Char��t. II Itie loan secured by th�s Secur�ty Instrument�s sub�ect to a law wh�ch sets maximum toan :
<br /> ...._ � ►.�, o� �nu�fA�nr �n nv cnllected m �-
<br /> chatges. a�d that law is tina�ry mterpreteo so i�,tti inc i�itefc�52 vr vi.��. .:.::•^•^-•....3�- - ' ---
<br /> connection with the loan exCeed the premitted hm�ts, then (a) any such loan c�arge shall oe reduced by the amatjni :t_
<br /> necessarytoreducetltechargetotheperm�ttedl�mit.andlb)anysumsalreadycollected lrom Borrowerwh�chexceeded -
<br /> permitted limits will be retunded to Borrower Lender may choose to make th�s relund byreducing the pr�nCipal owed
<br /> u�derthe Note or by making a direct payment to 8orrower H a retund reduces pr�nc�pal.thereduCt�on w�ll be ireated asa
<br /> partlal prepayment without any prepayme�it charge under the Note �
<br /> 13. Le�IslstionAflectin9 Lender's Rlyhts. It enactment or expirat�on af appl�cabte lawshasthe eltect ofrendenng
<br /> any provision Of the Note or th�s Secur�ty Irstrument unenlorceable aCCOrd�ng to�ts terms. LenCer.at�tS opt�on,may
<br /> require immediate paymenl in tull ot all sums secured by this Secunty Instrument and may�nvoke any remed�esperm�tted
<br /> • by paragraph 19 If Lender exerC�ses th�s opt�on. Lender shall take the steps spec�l�ed�n the second paragraph of
<br /> paragraph 1T.
<br /> 14. NOtiCes. Any notiCe to Bor►ower provided tor��this Security Instrument sha11 be given by delivenng it or by
<br /> mailing it by f�rst class mad unless appl�cable law requ�res use ol anotner method The notice shatt be d�rected to the
<br /> Property Address or any other address Borrower designates by not�ce to Lender Any not�ce to Lender shaf 1 be given by �
<br /> tirst class mail to lender's address stated here�n or any other address Lender designates by not�ce toBorrower Any notice ;:_.
<br /> provided for in this Security Instrument shall be deemed to have been given to Borrower o►Lender when g�ven as provided �•�,j
<br /> in this paragraph.
<br /> 15. Govemin9 Lsw;Severabillty. Th�s Secunty Instrument shall be governed by�ederat law and thelaw of the
<br /> �urisdiction in which the Property�5 located In the event that any prov�s�on or G�ause of tn�s Secunty Instrument or the
<br /> Note ConfliCtS wilh applicable taw,such Conllict shall not aflect other prov�s�ons of this Sec�snty Instrument or the Note
<br /> whichcanbegivenelfeCtwithouttheconllictingprov�s�on Toth�sendtheprov�sionsoSth�sSecuntylnstrumeniandthe
<br /> Note are declared to be severable
<br /> 16. BOr�ower's COpy. BOrrower shall be g�ven one conformed copy ol the Note and o1 th�s Secunty Instrumenl
<br /> 17. TransterofthePropertyoraBenetici�llnterestln8orrower. ItalioranypartoltnePrope:tyorany�nter�st�n
<br /> it�s soiii or transterred(or s!a benet�c�a!:reterest�n 8orrowPr�s solo or transferred and Ciorrcwer �s nvt a natura! pe�son)
<br /> �without Len�er's pr�or wr�tten consenl,Lender may.at rts opt�on,requ�re�mmed�ate payment an tu II of all sumssecured by
<br /> thisSecurity Mstrument However,this opUOn shall not beezercised by Lencier d exerc�se�sp►oh�b��ed bytederal iawas ot
<br /> the date ot th�s Secunty Instrument
<br /> itLenderexerc�sesth�soption.Lendershailg�ve8orrowernot�ceotacceierat�on Tnenot�ceshallprov�deaper�od
<br /> 01 not tess than 30 days trom the datethe nouce�s del�vered or ma��ed w�th�n wn�cn Borrowermust pay aIl surnssecured by
<br /> th�s Sece.snty Instrument H Borrawer fa�ls to pay these sums p►�ur to the exp�rat�on ot Ih�s per�od.Lender may�nvoke any r _
<br /> remeQies permrtted by th�s Secus�ty Instrument w�thOut i;:c'.ner notiCe or dema��d o��E3oT�o•r.er ,
<br /> t8. Bonewtr's Righl to Reinllafe. 'If 9orrower rreers ce�ta�n cond�t�ons Borrower snati ha ve th� s:��'to have
<br /> entarcemenloft�e:sSecur�tylnstrumentd+s�c^t�nuedata�yt�meps:c�ECtheeaN�eru1 (a)5�ays(orsuchoir.erGer�cdas
<br /> apRt,ca�te Iaw may specity fof+e,nstatemen¢c�beto�e sa�e of±he P�c;.e*'y pursuant ta any p�s v�e��}SaIC COr.ta�ned�n Fh:S
<br /> Sec;e�itylnstrument.or(blen'.ryofa�udg+Flenteniorc�r�'^.SCeCunty+nstrun'ent T*osecond�;:on�aretna*�orrowe: fa,
<br /> pays!ende►all sums wh�ch the�r would be due under th,s�eCu r�t y instrumer.t ar�.^e Notehad no acceiera.'�o�cccurred. •�.6,�
<br /> (b)cu►es any default o1 any other covenants or agreemen!a. Ic1 pays au expe^s�s mcurred �n enio�c�nr, s'��s Secur�ty
<br /> L lnstrumeM,inCluding.but not i�mitedto reasonab�eattomeys �ees a�d(d t takessuch ac1�o nas Lender may�e�5onably
<br /> requ�retoas5urethstthe�iPno111iiSSecur�tytnstrument l_encier s��ghts�ntnePrnperty a�d3�«o�r�crsobt�gal�ontopay
<br /> the sums seCUred by th�s Secur�ty Instri�rnenE sh�Il Gor.t�nue unchanged UGon reinstat��rnent by 8o��ower. 'h�s Secunty h,
<br /> Instrumenl and thg ob�igation5 Secured he�ehy shall rema�n f�lly e�}ect�vc�as�1 nU BCCE��e�at�o�, nad occur r�� --�owever cp
<br /> 1 ir nar:�qraph5 13�» 17 1�3
<br /> this r�c�ht tU remstaie She��npt a�:p Y � the C�se ot acce�er�it�on un�1c�� � �.
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