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<br /> �Q�"102�1�i
<br /> � If Lender required mart�age insurance as a conditinn of making the loan secured by this Securily Instrument.
<br /> Rorrower�hx�t�►y the premiums rrauiscd to maintain the insurunce in efFeCt until such time as the requiremene for the
<br /> insurance terminetes in x�ccordance with Borrowcr's und Lender's written ugreement�r upplicable luw.
<br /> 8, InspeetioR. Lender or its agent aiay make reaaonablc cntries upon and inspections vf thr Prrp�crty. Lendcr
<br /> shAq Rive Borrower natice at the time of'or prior to an inspection sprciiying reasonable cause for the inspection.
<br /> 9. Coademnati�n. The proceeds oP any award or ctaim far damages.direct or cc►nsequentiai,in caFSnation with
<br /> any condemnation ar ather taking o`any pan af the Property, or for con��eyance in lieu oP candemnation,are hereby
<br /> assigned and shall be paid to i.ender.
<br /> In the event of a tata) taking of the Property. the procads sh�ll be applied ta the sums secured by this Security
<br /> �nstrument,whether ar not then due,with any excess paid to Bonower.ln the e�•ent of u panial taking of the Property.
<br /> unless Barrower and I..ender otherwise agrce in writing.the sums secured by this Security Instrument shall be reduced by
<br /> the pmount of the proceeds multiplied by the following fraction:(a)the total amount of the sums secured immediately
<br /> boforc the taking,divided by(b)the Pair market value of the Property immediately before the taking.Any balance shaq be
<br /> paid to Horrmaer.
<br /> 1P the Property is abandoned by Bonower.or if.ufter notice by Lender to Borrower that the candemnor oflers to
<br /> make an award or settle a claim for damages,Barrawer Pails to respond ta Lender within 30 days after the date the notice is
<br /> given,Gender is authoriztd to caltecc and appl}the proceeds.at its optian,eithcr to restoration or repair of'the Prope»y or
<br /> to the sums secured by this�rcarit}Instrument,whether or not then due.
<br /> Unless Lender and Borrawer otherwise agree in writing.any applicalion of proceeds to prencipal shall not eatend or
<br /> pastpone th�due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br /> 10. 8orro�rer Not Released: Furbearance 8y Lender Not a Wai�er. Extension of' the t�me far payment or
<br /> modiflcation of amortization of the sums secured by this Security instrument granted by Lender ta any suceessor in "
<br /> interest of Borrower shall not operate to release the liability of the original Borrower or Bonawer's successors in interest.
<br /> Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br /> paymant or otherwise modify amartization of the sums secured by this Security Instrument by reason af any dcmand made
<br /> by the osi�inal Borrower or Borrower's successors in interest.Any forbearance by l.ender in exercising any re�rht ar remedy
<br /> shal)ttot be a waiver of or preclude the eaercis�e of any right or remedy.
<br /> i!. Suceeasars and Assi�s Hound;Joint and Several Liability;Co-aigners. The cave�ants and agreements af . ,
<br /> this Seeurity lnstrurnent shall bind and benefit the successors and assigtas c�f Lender and Borrower.subject to the provisions ,
<br /> of paragraph 17.Borrower'�co4enanu and agreements shaU be joint and several.Any Borrower who casigns this Security
<br /> Instrument but does not execute the Note:(a)is co-signing this Security Instrument only to martgage.grant and convey
<br /> that Bonower's interest in the Propeny under the terms of this Security lnstrument; (b)is not personall�obligated ta pay ,
<br /> � ihc�ur•ss strutt�by thic S!r��rity tnstcument: and(e)agrees that Lettder and any other Barrower may agree to extend ___
<br /> modify, forbear or make any accommodatio�s with regard to the term�of this Security Instrument or the IVote without , _
<br /> - tnat tsorr�wers conseni. - -�
<br /> 12, Iaan Chuges. lf the loan secured by this Securit�� Instrument is subject ta a law which sets maaimum laan -
<br /> charges. and that law is finally interpretod so that the interest or other loan charges collected or to be collected in .
<br /> connection with the loan eaceed the permitted limits. then: (a)any such loan charge shall be reduced by Ihe amount . __
<br /> necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borruwer which eaceedecf . —
<br /> permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the prineipal ow�e+� }�
<br /> undet the Note or by making a direct payment to Borrower.If a refund reduces gnncipai.the reduction wili be treated as a
<br /> partial prepayment witheut any prepayment charge under the Note.
<br /> 13. I.egi�lstion ARecting Lender's Rights. If enactment or expiration of applicable laws has the effect of
<br /> rendering any provision of the Note or this Security Instrument unenforceable according to its teffms. Lender.at its opti�n,
<br /> may require immediate payment in full of all sums secured by this Security Instrument anct snay invoke any remedies , -
<br /> permitted by paragraph 14.tf�ender exercises this option,Lender shall take the steps specifled in the seconc3 paragraph of
<br />, paragraph 17.
<br /> 14. Notiees. I�.ny notice to Bonawer provided fbr in this Securuy Instrument shall t►e given by dei'tvering it or by ,i',
<br /> mailing it by first c�ass mail unless applicable law requires use of another method. The noti:��hall be directed tu the
<br /> Properey Address or any other address Borrower designates by notice to Lender. Any notice to Lec�der shall be given by
<br /> flrst class mail to Lender's address stated herein or any other addrecs Lender designates by notice to Borrower.Any notice
<br /> provided fbr in this Security Instrumem shal)be deemed to have bcen gi�•en to Horrower or Lender when given as provided
<br /> in this paragraph.
<br /> 15. Governing Iaw;Severability. This Security Instrument shall be governed by federal law and tht law of the
<br /> jurisdietion in which the Property is located.In the event that any provision or clause�f this 3ecurity lnstrument or the
<br /> ' Note conflicts with applieable law,such confliet shai!not affect other provisions of this Securit}�instrument or the Note
<br /> which can be given etfect without the conflicting provision. To this end the pro�•isionti of this Se.urity Instrument and the
<br /> ' Note are declared to be severable.
<br /> � Ig. BorroKer's Capy. Borrower sha!!�e given one conferFried m�y�f the Note an�3 a?this Security lnstrument.
<br /> 17. Tnesftr of the Property or st Beneficial lnterest in Borrowcr. If all nr any �art ot the Property or any
<br /> interest in it is sold or transferred(or if a beneficial interest in Borrawer is sold or transferred and Bostower:s not a natural
<br /> person)without Lender's pre�e written consent. Lender may, at its option, requ�re immediate paymenl in fu0 of all sums
<br /> secured by this Security ]nstrument. Hawever, this option shall not be exercised hy Lender �f exercise it prohibited by
<br /> federal law as of the date of this Security Itsstrument. ,-_- ^___
<br /> If Lendet exercises this option,Lender shal!give Horro�cet notice af accelerat�an. 'ihe a��tice shall provide a peraod .
<br /> of not less than 30 days from the date the notice is dcli�ered or mailed with�n a•huh Horrawrr mu�t pay ail.ur�u secured by
<br /> this Security lnstrument.l{'Borrower fails to pay'these sums pnor to thc exp�ration�f this pericxl.Lrnder rraay imoke any
<br /> remeciies permitted by this Security lnstrumeni withaut further notice�r demand an Borrawer. ,
<br /> . l8.BorroKer's Ri�tt to Relnsta4e. {f Borrower meets certain i�ond�iti�m, Borrc�uer tihall have the ngE�t to havc
<br /> cnforcement of this Security Instrume►i�d*.�r�r�tinued at any t�me�Crior to the earl�cr of:f a)5 days(or such c�ther penod as
<br /> t applicable 1aw ma�• specif}�fer re�nstatement)hefore wle of the Pruperty �ur.uant to any pouer of sale c<•ntained in t6is a
<br /> L Security Instrument:or(bp entry vf a judgmrnt enforcmg th�s Secunty Intitrument Thosr ce�nd�tirm are that H�rro«cr:
<br />• (a) pays L.ender all sums wh�ch then wauld be due under this Secunt}� Intilrumei�t and the ti�te had .^v a�crlrrat+nn ,s
<br /> occurred; (b) cures any defauh of any other ccnenants �r agreement�. (c} pa�t all cx�eme� inc�rced �n enfc�rcmg thn t�,,
<br /> Security In�trument, includine, but nc�i {muicu tu, reasonalsle a...�rn::;�.' f�e+. sn�; tdl rakr� ��uh actEan ;.sti I.ender may 1��
<br />: ret�sonabiy rcqwrc t�� ati�ure thst tt�� lien oP tM� Secunt�• lmtrw7�ent, I.cnder'� nghtti in thr F'rc��xrta .�nd Borri�wer'� . �.*�
<br /> �l�Itgat�tm tn p�►y chc ��am� ticcured hy thi� Sccunt} lmtrumrtit �hall <<�nt�nuc uncfian�;ccf l'pur re:m�attmcnt hy .. .
<br /> Rorn�wcr.thiti Sccunt� In�trument.snd tfic�,hligxnon�ticcured hcrchE ,h,sil �rn�,,iu tull� tffr:ta:c.�.�f nc,:��.rlcr,�!r�:e t:�tl
<br /> cK�urrcd Howc�er. thicriFhft�re�mtalr�h��IIn�,1.+rCl� �nthci:a�c��f.u�rlcra���mundcr �+er.�Er,���h. lz��r i '
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