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<br /> r lf 4endcr requi�ed mortg�ge insurAnce as a condition uP mu{cing the loan secured by this Securit�� I�strument,
<br /> Borrower shali pay the premiums cequired to rnaintain the insurancc in effe�t until sucli �ime as thc requirement f�r the
<br /> insurance terminates in accordatic�tvith Borrower's and Lendec's W ritten agreemerit ar sp�lic.�hle lsw.
<br /> 8. Ins�ertioa. Lender or its aEent may make reasoaable e�tries upon and inspections aS'the Preperty.Lender
<br /> thall gi�e Barmwe�natice at the tima of or prior ta an in•}�:.tio���iPying reasanable cause for the inspection.
<br /> 9. Condemnatian. The pracerdc of any award or claim for damages,direct or consequential,in connection with
<br /> any condemnation or other taking of any part of the Rraperty. or for con�eyance in lieu of candemnatian, are hereby
<br /> assigned and shall be paid to Lender.
<br /> , ln the evenl af a total taking af the Property.the proceeds shall be applied to the sums secured by this Security
<br /> Instrument,whether or not then due. with any eacess paid to Borrower.In the event of a partial taking of the Propeny,
<br /> • unless Borrower and Lender otherwise agrce in writing,the sums secured by this Security Instrument shall be reduced by
<br /> ! the amount of the praceeds multiplied by the follawing fraction: (a) the total amount of the sums see�red immediately
<br /> i before the taking.divided by(b)the Pair market value of the Property immediately before tt�e tal�ing.Any balance shatl C,e
<br /> � paid to Bonower. �
<br /> lf the Property is abandoned by Borrower,or if, aftcr notice by I.ender ta Borrow•er that the rondemnor offen to
<br /> ' make an award or settle a ctaim for damages.Borrower faels to respond to Lender within 30 days after ttne a�ste the notice is
<br /> • � given,Lender is authorized to rollect and apply the praeeds,at its option,either ta restoration ar rePair��Ea�e Propert�or
<br /> to the sums secured by this Security lnstrument,whethcr or not then due.
<br /> . Untess I.ender and Bonower otherwise agree in writing,any application of proceeds t�*�rincipal shall�at exten�or
<br /> : postpone the due date of the monthly payments refened ta in paragraphs 1 and 2 or change tfi�e umount of such paymtnts.
<br /> 10. Horrowe� Not Released; Forbearance � I.ender Not s� W�lver. Eatension of'the time for payment or
<br /> modiflcation of amoriization at'the sums secured by this Security lnstrument granted by Lender ta a.�y successor in
<br /> � ' interest of Borrower shall not operate to release the liability of the ariginal Borrawer or Borrower's successors in interest.
<br /> ' Lender shall not be required to commenre proceedings against any success�r in interest or refuse to extend time for
<br /> � payment or otherv`ise madifj+amortization of the sums s�cured by this Security]nsirument by reason of any deman�made
<br /> : by tht original Bonow�er or Borrower's successors in interest.Any forbearnnce by Lender in exercising asa�sight or remedy
<br /> � shati�ot be x waiver of or preclude the eaercise of any right or remedy. •
<br /> : 1l. Succesaors and Autgas Bound;Joint anct Several Liability;Co-signers. The r�censnts and agreeme�ecs of �
<br /> this Security Instrument shall bind and benefit the success�rs and assigns of'Lender and Borrou-tr.subject to ihe pro�•isions :
<br /> of paragraph 17.Borrower's cavenants and agreements shall be joint and several.Any Borrawer w ha co-signs t}�is Security
<br /> Instrument but does not execute the Note:(a)is casigning this Security lnstrument only to mortgage.grant and convey
<br /> that Borrower's interest in the Property under the terms of this Security Instrument;(b)ic noi personally obligated ta pay ,
<br /> , the cum�e xecurod by this Security Instrument:and (c)avrrec that Len�irr:�nd any�.ther Aormwer may�oree to extend. __ -
<br /> modify,forb�ar or make any accommadations with regard ro the terms af this Security Instrument or the Note without � _
<br /> - ' that f3orrnwer'sconsent.
<br /> 12. Loan Chuga. If the loan secured by this Security lnstrument is subject to a law which sets maximum loan �
<br /> charges. and that law is 8nally interpreted so that the interest or �ther loan charges collected or to be collected in '-
<br /> � connection with ihe loan eaceed the permittod limits, then: (a) an�� such loan charge shall be reduced by the amount —
<br /> � necessary to reduce the charge to the peretitted limit;and(b)anv�ams already collected tsom Borrower which exceeded
<br /> permitted limits will be refunded to Borrow�r. I.ender may choose to make this refund hy reducing the principal awed
<br /> : uRder the Note or by making a direct payment io Borrewer.If a refund reduces�rincipal,the reduction will be treated as a
<br /> partial prtpayment without any prepayment charge ander the Note.
<br /> 13. Legislalloe AReeting Lender's Rigi�ts. lf enacsment or expiration os applicable laws has the effect of i
<br /> rendering any provision of the Note or lhis Security Instrument unenforceable according to its terms.Lender,at its option, �
<br /> may require immediate payment in fult af all sums secured by this Security Instrument and may imoke any remedies �
<br /> , permitted by paragraph l9.if Lender exercises this option.I.ender shall take the steps specified in thc second paragraph of
<br /> paragrr�ph 17. .
<br /> � 14. Natiees. Any notice to�vrrower provided for in this Secunty Instrument shall be gi�en by delivering it or by `'
<br /> . mailing it by first class mail unless a�,glccable law requires use of another method. 7'he notice shall he directed tu the ���.
<br /> Property Address or 2ny other address Borrower designates by notice to Lender. Any notice to L.ender shall be given by .
<br /> firsE class mail to Lender's address stated herein or an�other address Lender designates by nntice ta Borrower.Any notice
<br /> provided for in this Security Ia�strument shall be deernrd to have been gi��en ta Borrower nr Ixreder w�hece gi��en as provided
<br /> ire Ehis paragraph.
<br /> , 15. Gotereing IatN;Severability. This Security Instrument �hall bc governed by federal taw 3nd the law af the
<br /> , jurisdiction in which the Propetty is located. !n the event that arr provision or clause of thes Security Instrument ar the
<br /> Note conflicts with applicable law,such conflirt shall nvt affect other pro��isions af'this 5ecurit�• Instrument or the l�ote
<br /> , which can be given effect witihout the conflicting provision. To this end the�re:is�on�of this Security t�strument and the
<br /> Note are declar�d to be severable.
<br /> 16. Horrower's Copy. Borrower shaif t�e given one confamied capy of the Note and �f this 5ecurity Instrument.
<br /> � 1'7. Tnnster of the Property or a Beneficial Interest in Horrower. If all c�r any Part of the Property or any
<br /> intetest in it is sold or transferred(or if a beneficial interest io Borrc�wer�s sold or transferred and Horrower��not a natural
<br /> person)without Lender's prior wntten consent, Lender may.at its option, reqe►ire immediate paymcnt in full af al) sums
<br /> secured by this Security Instrument. Hawever, this c;ptinn shall not he exerc�ced h}• l�ender if exercisr_ is prohibited by •
<br /> federal law a�of the date of'this Security Instrument. �-_-_ -`--
<br /> ' If l.ender exere�ses thi�option, Lender shall give Horrower nutice of accelerat�on.The isnuce shall providr a penod '
<br /> of not lecs than?0 days from the date the notice is delivered or mailed w�th�n w•h�ch Borrou er must pay a11 wms secureci by�
<br /> thu Security Instrument. lf Barrowcr fails to pay�hese sums pnor to thc expirat�on c�f thi� pcnod, Lender may invuke any
<br /> remcdies permitied by th�s Security Instrument�vithout fe�rther riotice c��demand nn Bnrro�►cr �
<br /> 18. Borrower's Rip,ht to Reinsttte. If Borrow�er meets cert;��n rt+nditinn�. Borms�er �hall ha.e thc right t�► have
<br /> enforcement nf th�s Secunty In.irument ditic�ntinued at any�ime�+nor to the e�irlier��f (a� 5 clayti 1�r�uch other pen��d ar �
<br /> L applieable la�c ma}• �pecifq fut remtitatementl hefore tiale��f the Pruprrt} �ur�uan� t��any ruucr��f Sale contained in thi� �
<br /> Securtty In�►rument,nr Ih}enrry ��f��udgmrm rnf�rcing thi�4rrurit� Imirumen� 'Thn�r•<<.nditu�m ar�•ih:,t Rnrrnaer
<br /> (a) �a�� Lender ail sun�� ��tuch then w�e�uld he dur under thi� Se.ur�ty In�trumcnt .�ne3 the \<7te had :�n ac�rler.�Wm `�
<br /> occurred. (b) CGfCS :111\ �fefault uf an� otiter c���enants err a�reernentti �� � nay� ell rxprn.e� mcurrrd in rnf��rcin�; thi� ��
<br /> , Secuct�y 1����tu�nent. includuiF. hut not limited t�,, re.����nahle attorneti.' tce� .+ncl +a�tar:r� ��:.h :��n��n .�. 1 rreder may �11�
<br /> rca5ona h h reyturr m,�titiure t hat t he I�en <�f t hiti Securct� intitrumcn�. Irn�i�r'•. r��ht��r: t ltr I'ra�rcrt� .+nd f;��rn.urr'ti • '
<br />; nhbgah��n to r.t� 4he wm� .e�ure� h� th�ti Se�unt� ln�uuriirrit ,n.�ll ��•r�tu�u:• =�ncl�.fnHC.1 t �. .n rri;,.t.lt�mrnt h� •
<br /> Ilort�,wcr.tht�`+e,:+�rit} Iri�trurncnt:mclth��,hh�:.�h;,m.c,urrdh�rrf,� �h.alirrrn��nfiJf<<'tr;t�tic.,,;sn �:��.:�I�•r �u�+nl�.�cl
<br /> n:ruiri'tl flnui•tit�i.tlmti�hiinfe�h�fale�h:�ilnnl.�j�ri� i�, thr�.i.cr�.;,,rl •� i�i�.n �..:.f� i�.cr.+�r.i��tn '+ rl'
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