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<br /> � {f'Les�der requircd mostp,apa insurance u9 a �ondilion�P making the loan secured h}�thi� Securit�r Insttument,
<br /> Borr�tiwer sh`s!!p�� thc premiurns requ�red to mHintain the insur�nre in eff'ect until�uch timc us the reyuirement for the
<br /> i�suran�r�ermtn�tc�in accatdance with Borrower's und Lcnder's H ritten agreement or applicabte�aw.
<br /> a. InslecNa�. l.ender or its agent nzay makc reasonable entries upon and inspections af thc Prcperty. Lender
<br /> shnll give Borrower nolice at the time�f�r priar to an inspection specif�ing reasonable cause for the inspecEion.
<br /> 9. Condemnation. Thc proceeds al'any Award or claim fos damagrs,direct or consequential,in cannectian with
<br /> any candemnatinn or other taking of any part af the Property. or for conveyance in lieu of condemnation, are hereby
<br /> � assigned and shstl be paid to LendGr.
<br /> In the evrnt of a cotal taking af the Propeny, the proceeds shaU be applicd to the sums secured by this Security
<br /> � lnstrument,whether or not then due,with any excess paid to Borrower.In the event oPa partial taking of'the Prapeny.
<br /> ; unless Borrawer and Lender atherwise agra in writing,the sums secured by thia Security Instrument shall be reduced by
<br /> � the amount of the praeeds multiplied by the following fractian: (a)the total amount of the sums secured immediately
<br /> j before the teking,divided by(b)the fair market value of the Property immsdiately before the taking. Any balance shall be
<br /> , paid to Borrower.
<br /> ; lf the Property is ab�doned by 8orrowtr,or if,after notice by Lender to Borruwer ttiat the condemnor off'ers to
<br /> make an award or settle a claim for damages,Ho�Yawer fails to respond to Lender within 30 days after the date the notice is
<br /> ; given,L.end�r is authorized to colleci and apply the proceeds,at its option,either to restoration or repair of the Property or
<br /> ! to the sums secured by this Security lnstrument,whether or not then due.
<br /> Unless Lender and Borrowtr otherwise a�ree in writing,any application�f proceeds to principal shall not extend or
<br /> ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount af such payments.
<br /> ' 10. Ban�ow�� Not Rekaud; Forbeu�ana Sy I.ende� Not a Wairer. Extension of the time for payment or
<br /> ' modiflcatian of amortir.ation of the sums secured by this Security Instrument granted bw Lender to any successor in
<br /> interest of Borrowcr shall not operate to relwso the liability of the original8orrower or Borrower's successors in interest.
<br /> ' Lender shell not be required to commence proaeedings against any successor in interest or refuse to eatend time for
<br /> payment or otherwise modiPy amortization of the sums secured by this Security Instrument by reason of any demand made
<br /> by theoriginal Horrower or Hanower's svccessors in interest.Anv forbearance by Lender in exereising any right or remedy
<br /> shall not be a waiver of'or preclude the eaercise of any right or remeY.ty.
<br /> 1l. Succasora fuid Assiges Boued;Jaint utd Severa) Liability;Casigners. The covenants and xgreements of :
<br /> this Security Instrument shalE bind and benefit the successars and assigns of Lender and Borrawer.subject to the provisions
<br /> of paregraph l l.Borrower's covenants and agreements shall be joiat and se�eral.Any Borrower who co-signs this Security
<br /> lnstrnment but does not execute the I�ietr:(a)is casigning this Security Instrument only to mortgage,grant and convey
<br /> - that Bortnwe!'s interect in the Propert�under the terms of this Security Instrument;(b)is not personally obligated to pay � . -
<br /> the sums secwed by this Security Instrument;and(c)agrees that Lender and any other tiorrower map agrce cu exinu�S. ''''�=
<br /> _- ---�: . o_x_.. _�. �... .....:.t, �.,,.,.�:�:�,�:���L.4'eh,��CMLrltv Ihctrnrr�Pnt nc ttle Note withnut ' -
<br /> - _ nNai��r, w�uc�P 8� �u�wc aiTit San.v:.iiiiGuo:tOT.�....,. ..b... �.
<br /> ' that Borrower's consent. �
<br /> 12. Lain G7tuges. If the loan secured by tfris Securit�•Instrument is subject to a!aw which sets maximum loan
<br /> charges. and tlk�t law is finally interpreted so that the interest or other ivan charges collected or to be coltected in
<br /> connection with th�loan eaceed the permitted limics,then: (a1 any such loan charge shall be reduced by the amount
<br />: � necessary to reduce the charge to the permitted limit:artd(b)any sums alread}coltected Prom Borrower which exceeded - '!
<br /> , permitted limits will be ref�rtded to Borrower. Lettder may choose ta make this refund by reducing the principal owed
<br /> under the Note or by making a direct paymen!to Borrower.If a refund reduces principal,the reduction wil)be treated as a
<br /> � partial prepay ment Nithout any prepayment charge under the Nate.
<br />' 13. Legislatioi AQecting Lender's Rights. lf enactment or expiration of 3g�*F:cable laws has the effect of
<br /> renderingany provision crf.the Note or this Security Instrument unenforceableaccording to its terms.l,ender,at its option.
<br /> . may require immediate pa}�ment in full of all sums secured by this Security Instrument and ma�- imoke any remedies t
<br /> . permitted by paragraph 19.If Lender eaercises this option.L�.nder shaU take the steps specified in the secand paragraph of
<br /> paragraph 17_
<br /> 14. 1�atices. Any notice to Bonower provided for in th�s Security Instrument shall be givrn by delivering i¢or by
<br /> mailing it by �irst class mail unless applicable law requires use of another method. The notice shall be directed to the ;
<br /> Property Address or any ather address Borrower designntes by notice to Lender. Any notice to Lender shall be given by
<br /> first class mail to Lender's address stated herein or uny other address Lender designates by notice tu Borrower.Any notece , .
<br /> � provided for in this Security lnstrument shall be deemed to have been given to Borrow�er or Lender when given as provided
<br /> in this paragraph. � '
<br /> l5. Govereing Law;Severability. This Security Instrument shall be governed by federal law and thc law of the
<br /> jurisdiction in which the Ptopeny is located. In ti�e e�ent that any provision or clause of this Secvrity lnstrument or the
<br /> Note confliets with applicable law, such conflict sha�l not affect other prnvision�of this�urity fr.strument or the Note
<br /> whi¢h can be given effect without the conflicting provisinn.Ta this end lhe provisions of th�s Securit�•lnstrument and the
<br /> � I�ote ar�dx��red to be se�ereble.
<br /> l6. Borrower's Gopy. Borrower shal)be given ane confotmed capy of the Note and of thi�Security Insrsument.
<br /> l7, Tnesfer of the Property or a Beneflcjal Interest in Borrower. I1'al! or an�• part of'the Propetty or any '
<br /> interest in it is sold or transferred(or if a beneficial intcrest in Borrower is sold or transferred and Borrow�r is not a nalural
<br /> person)without L.ender's prior written consent. I.ender may.at its opt���n, require immediate payment�n full of all sum�
<br /> secured by this Secutity Instrument. However, this option shall not t�e exercised by I.ender if exercne is prohibited b�
<br /> federal law as of tht date a6this Security Instrument. - - -
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<br /> if Lender exercise�this option,Lender shail gi�•e i3orraw�er notue of accelrraiiv��.T;c r�a�ic�.Hsl:prro•ide�in;i:.'d =
<br /> of not less than 30 days fram the date the notice is delivered or m��led withm�vhich Rorro�cer must�ay all sums tiecured by
<br /> this 5ecunty Instrumcnt. If Br,rroa•er Pails to pay these sums prior to the ex�irati�n oi thiti�enod, I.ender m:�y mvoke any
<br /> rcmedies permitted by this Secunty Instrument«•ithout further notiic nr demand cm Horrnw�er. ,
<br /> 18.Borro+cer's RigAt to Reinstote. If Borr�u•er meet�certam canditi�ns. Borrowet �hall ha�c the nght tu ha�c
<br /> enforcement of Ihis Security Inctrument duceyntu�ued at any Ume pnor tc�the earher of:la)5 da}•�(nr tiuch uther pennd a� ��
<br /> � applicable la��may specify for remstatcment)hefore sale nP thc f're�perty �+urtuant en;in} �vwer��f sale<ontained �n thtti
<br /> Security In�trumerit;or(�1 entry nf a judgment enforcing th►s Sc�unt} In�trumrut T h��e cnnditi�ns are that Horrn��rt
<br /> (af pa}'y Lender all surn� µh�ch then v,ould he due under thi� Ser�nt� in�trurnent �nd �hc \c,te had n<� acceletal�un �
<br />� tR;(IUItCt�:(��j l'UIC� auy �irfauii (�i ani• :t}�C: C01CI::'.:114 Or -��rrr•�tir•rity, li.'1 n:i1� .t�� Cl�tefYtiC� ItllllifCL� �n cnf�,rcii�� tlii� r'
<br /> Security ln�trument, includin�. hut nc�t 1»mtrd to, rea�t�nahle .�ttc�rncy��' f�re�. .,n�f (c1►i��l« �u�h .�.unn a� Lendcr may ��1
<br /> rea�onahly requirc t�,.���ure that thc lten u!' thiti S�ru��ly In�irum�•nt. I.t•ndrr'� n�ht, in ti�e• !'r��rert} and R��rrt�F�rr'� . �
<br /> �blaFai�nn t�• �+dt Ihc �um� �ecured h}' thtti Sc�uroty in�trinnrnf ,ii.,li <<�uruiuc uu�h.����:c,l t ��.m rc�r,�t.itrn:rn: h: . .
<br /> l3evrowtr.ttit,Scwtrty In,tri�mcnt�u��l Ihcnhli�.�hc�nti.rcurc�! hrrchy .h.�li rc�ri,un Tul?��fl�.�i<<•.+� �I r:��,i<<elr;.�tt:•n h.u1
<br /> �K•:urrc•d Hc�n<<•�cr.thi�nght t��rc�n�t:ttr�haltti���.•����I� :n�hr..�•�•,ta,.r;rr.�t�.•n ��t�J••iE,�•.�,•i.��,t,_ la„o �'
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