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<br /> � lf Lender reyuired mortgage insurance as a condition of making the loun secured by �his Sccurity Inslrume�t,
<br /> Borrew�rr shnU pay th�prcmiumc rec�uir�d t�muintnin the insnrance in ef�ect until cuch�ime Ac the requirement for the
<br /> insuraace�ertninates in accordance�ith Barrower's and Lender's written agrecment or applicabir!a�.
<br /> 8. 'Inspection. Ltnder or its agent may make reasonable enRries upon und inspectians oP she Pr�perty. Lender
<br /> shall give Borrvwer naticr at the time QPur prior to an inspection specifying reasonAble cause for the inspation.
<br /> 9. Coedernnation. The psoceeds of any award or claim for damages.direct or consequential.in connection with
<br /> any condemnation or other taking of any part af the Property, ar for cam�eyance in lieu of condemnation, are hereby
<br /> assigned and shall be paid ta l.ender.
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the s�ms secured by this Security
<br /> . Instrumeni,w•hether or not then due.with any eacess paid to Borrower. Ia the event of a partial taking of the Property,
<br /> . unless Borrower and Lender atherwise agree in writing,the sums secured by this Security lnstrument shall be reduced by
<br /> � the amount of the procads multiplied by the Pollowing fraction:(a)the tatal amaunt of the sums secured immediately
<br /> � before the taking,divided by(b)the fair market value of the Property immediately before the taking.Any balance shall be
<br /> . paid to Borrowcr.
<br /> If thc Propeny is abandoned by Barrower. or if,after notice by Lender to Barrawer cf.r.�.c the condemnor offer�tc.*
<br /> ' m�ke an award or xttle a claim far damages.Borrower fails to respond ta l.ender within 30 da��s aRer the date the notc�.�ir.•
<br /> given,Lender is authorized to collect and apply the proceeds,at its option,either to restoratian or repair of the Prapert�ct
<br /> to the sums secured by this Security lnstrument,whether ar not then due.
<br /> ; Untess Lender and Bonower atherwise agree in writing,any application af proceeds ccr grincips�l shall not extee�a�vr
<br /> postpone the due date of the monthly payments refened to in para&raphs 1 and 2 or change t�e amount oP such pay�ent,:5:
<br /> 10. Borrower Not Released; Forbear�nce By Lender Not a Wdver. Extension v�the time for paymenr or
<br /> y modiflcation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> ; interest of Honower shal)not operate to release the liability of the original Barrower ar Boreower's successors in interest. ,
<br /> � Lender shall not be required to commence proceedings against any successor in interest�r refuse to extend time Eot
<br /> ' payment or otherwise modify amortization of the sums secured by ttsis Security Instrument b�x reason of any demand�s�e
<br /> by the original Borrawer or Borrower's successors in interest. Anv fazbearance bv Lender in eaercising any right or re�sc.�y
<br /> � shatt�not be a waiver of or preclude the exercise of any riRht or remedy.
<br /> 11. S�ecceasors aed Aa�igrts Bound;Joint and Several Liability;Casigners. The covenants aae3 agreements of � �
<br /> , this Security Instrument shall bind and benefit the successors and a.ysigrts of Lender and Borrower,subjectt�,tkte pro�isions � _
<br /> � of paragraph 17.8orrower's covenants and agreements shall be joint aE►d several.Any Borrower wha co-sig�s this Se�ctarity
<br /> : Instrument but does not cxecute the Note:(a)is ca-signing this Security Instrument anly to martgage,grant and wnvey '
<br /> that Borrower's interest in the Property under the terms of this Security Instrc�me�t;(b)is not personaily a.r.bligated to pay �
<br /> the sums secured by this Security lnstrument;and(c)agrees that Lender and any ather Borrower may agree to eatend, • -
<br /> mod�ly,forbear or make any accommodat�ons w�th regard to the terms of this Secunty In�trument or the Note w�thout '�—:.
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<br /> 12. Loan Chargq. If the loan see�red by this Security lnstroment is subject to a law which sets maximum toan °-
<br /> � charges. and that law is fiaatly� interpreted so that tl�e interest or other Ioan charges collected or tn be collected in =
<br /> + connection with the loan exceod the permitted limits. chen: (a) any such loan charge shall be reduced by the amount !
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded '
<br /> � permittod limits wi1)be refundod to Hoat��er. Lender may choose to make this refund by reducing the principu!Qwed �'
<br /> . under the Note or by making a direct paymtnt to Borrower.If a refond reduces principal,the reduction will be treated as a
<br /> , partial prepayment without any prepayment charge under th�Note. ,
<br /> 13. Legislation Affecttng I,ender's Rights. If enactment or expirsaon of applicable laws has the effect of
<br /> rendering any provision of the Note or this Securit�Instrument unenforceable accarding to its terms,L,ender,at its option, �
<br /> may require immediate payment in fult of all sums secured by this Security Instrument aa�t:may invoke any remedies
<br /> permitted by paragraph 19. If Lender ezercises this option,Lender shall take the steps specifie�in the second paragraph of
<br /> paragraph 17.
<br /> 14. NotYces. Any notice to Horrower pro�ndc�:for in this Security Instrument shall be given by delivering it or by �_�
<br /> • mailing it by &rst class mail unless applicable law req�ires use a£another method. The notice shall be directed to the �' "�
<br /> Property Address or any other address Borrower designates br roti��e to Lender. Any notice to Lender shall be gicen by
<br /> first class mail to Lender s address stated herein or any other addre�S t.ender designates by�notic�to Borrower.Any�veice
<br /> provided for in this Security Instrument shal!be deemed to have 6een given to B�lrrowcr or Lender when gi�en as provided
<br /> in this paragraph.
<br /> IS. Governing I.��►;Stverability. 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 provisian or clause of this Security Intitrument or the
<br /> Note confliets with applicabte law,such conflict shall_nai affect other provisions oT this Security lnstrument or the 1�Tote
<br /> which can he given effect without the conflicting provision. To this end the provisions of this Security Instrument and the '
<br /> Note are declared to be scverable.
<br /> � 16. Borrower'f Copy. Borrower shall be gi�•en one cenformt�copy o!'the Note and of lhis�ecur:ty Instrument.
<br /> 17. Transfer o!the Property or o Beneftci9) Interest in Borrower. If all or any part of the Property or any
<br /> i�terest in it is sold or transferred(or if a beneflcip!mterest in Borrou•er�s sald or traresfcrred and Borcower is not a natural
<br /> person)without Lender's pr�or written consent. Lender may, at us opti�n, requirc immediate payment in full�f all sums
<br /> secured by this Security.lnstrument. However, this oprion �hall not be excrcised by Lender �f exerc�se i� prohibited by
<br /> federal law as of the date of'this Securiry Instrument. � __--_�__
<br /> If Lender exercises this option,Lender shall give Barrower nottce of nccelerat�on.The notice shall provide a period �
<br /> ��f not I�c,than�0�iays fr�tiii ti,edate the noiice is delivered or maiied within w�hich Barro�tirr mu,t pay all.ums securcY;by
<br /> this Seeuniy lnstrumeni.If Borrower fails to pay thetie sums pnar to the exp�ration of this pericxl.Lender may imc,ke any
<br /> remedies perrriitted by this Securit��Instrument without further not�ce or demand�m Borrnuer.
<br /> 18. BorroNer's Right to Refnstate. If$orroa•er meets certain cond�ti�nti, Borroaer shali ha�e�he right to have
<br /> enforsement of this 5ecurity Instrument disc�ntinuec3 at any t�me prwr to:he earl�er��f�(ay S da}�(or tiuch c�thcr period as �t
<br /> applicable lau onay specify for reinstatement)before Sale of the Prc�perty pur�uant t�an� ��uer c�f�ale conta�ned in this
<br /> L Sceunty lnstrument:or�b)entry of a judgment enforcmg sh�s Secunt�• Entitrument 7ho:r���nditinn� arc th,�t Ao*rowec �`
<br /> (;�} F,ays LenHer ali sums which then would be due under thiti Secunt}• Intilrument and the ti�te had rn� n�relernt�vn
<br />' occurred; {b)cures any defnuh of any nther covenants nr agreements. (c) pa}� all expen�e. �ncurred in enfrrung thiti 1`-
<br /> Crri�rit�• ivi�{����lC!?�. !t?fIll�?l��.h�! IIO! �!*!]itrri ti�. r��et�n,�hle�:�ftrirnrr�' fr�•�. :rtid (�11 t�kr•� tuch ;�ci ic�n:i♦ I r�n�?t'[ m.ty ��
<br /> reatitmahEy reywrr t� a�sure that the hen i�f thic Seruruy Instrument, 1 cr��tcr'. ncht� in the Prc�perty and R��trin�cr'� . ,
<br /> obl��aiton to ra} the �um�. �rcurrd hy� thiti Se�unty lutitrument �h.iil �u�ittnur un�li.�rigeei ['��n ttttt�Iate7nrnl h� ,
<br /> fi�r�ruwrr tluti';r.u�ily In.t�umrnt ,9n�i�h<<,hiit:�ne�mucureei herchJ �naii rem.nn iulh cfic�tf•e.i��f nna��eirt.tn�,n�tad
<br /> ���ci�rred Hm�e�er.th��ri�;t�t I��rein�tate�hall nnt.�(��I} in thc.a.cnf,�<<cicr.,r���n„n•!c•r r.ir.i�.r.9�h.'. < <�r 1'•
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