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<br /> � ; -�f Ltss�er-msuiseckraartg�ge,itisurance at a condition of'ntat�ing c6e toan secured�by�his 5ecurity tastn�ent, ,
<br /> Barrowa shatl�iay�t6e preatiw�}s required ta maintain the ensurance in effect u�tii such time as the requirement for the
<br /> '. ; +nsurtnc��ami�ta in accordance_with Borrower's and Lendcr's written agretment or applicable taw. �
<br /> �.•�Ir1a'ti�. I+et�der oriis agent may make ressonable entries upan aad iusperticros of thc Preperty.Lender � �
<br /> ` ' s,f�aU,giv4 Borro�re�notice at t�e timc of or prior to an inspectioa specifying rrawnable cause for the inspection. � � �
<br /> .. , , � . 9 Caile�o�. T!u proceeds of any award or claim for damages.direct ar consequenti�l.m cannocdon with ' , -
<br /> a�y condan�stion or othsr taiciag of ai�y part of the Property;or for canvcyanee in liar of candemnarion,are`hereby � ..
<br /> , � `asapud u�d`shail ti+•paid to Lender. ' . ' • ,
<br /> ,. Ia the event of a total taking�af the Property.the proceeds shalt 6e applied to the sums seciuod hy this Security, '
<br /> � ' • Instnun«�t,w6ether or not thrn duG vvitb any exc,ess paid ta Borrower.In the event oCa partial taking af the Propaty, ,
<br /> � ; , uakss Horro�rer snd Leridu otbtrwise ggree ia writuig,the sums sccurad by ttus�ecurity Inswment shall��rcduced by • �
<br /> � tbt smourtt,of the proceeds mulriplied by the foltowing fraction:(a)the totai amount of tbe sums secured 'u�nmed;ately . -
<br /> . � before the taicing,dividod bY(b)tI�e fair iaarke��aduc of the Pmperty immediatety before tbe taking.Any balanee shall be
<br /> . , • paidtoBorro�rer. � ,
<br /> � � ��p��Y is����y�Burrawer;or if,aRcr notice by Leeder to Bc►rrower that the condemnor offers to ' � ., . �
<br /> . • matce an�ward ar settle a ctaim fordsmages,Borrower faiIs to respond ta I.ender within 3d days after the date the nodce is
<br /> : Eiven,Lender is authorizod ta collect and appIy tke proceeds.�at its optieA.either to restoratior►or repair of the Property a�r �
<br /> � . w the sums secured by this Security Instrumenr,�hether or not thrn da�. � . �
<br /> � tlnless I.eades and Borrower otherwise agra in writing,any apgtiration of groeeeds to principal sha}1 not eactend�r
<br /> . postpQae the daada�tenf the iaonthtg payments refened to in pazagaphs 1 and 2 or c�ange ihe araonnt of such payments, � � �
<br /> , � Ia, �rOwa Not Rek�ed; Farbara�ce By Lender Not a Waiver. F.�ctension of the time for gayment or
<br /> modificatiori of amartization of the sums strurod by this Seeuriry.�Instrumeat granted by L,ender to any succe.ssor in � � �
<br /> _ � interest of H�rrower sball not operatc to release the liabitity of the origin�l Borrower or Borrowei's successors in interest. '
<br /> � L�r►der slull not be required to commence proce�lings against any sdcc�ss�r in inierest or.refose to ext�d time for � �
<br /> paymeas�r otherwise modify amortization of the sums secm.�d by this Security Instrument by reason of anp�and made ,
<br /> , by the oripnal Bonower or Borrowtr's successors in inter��.4ny forbearance by Leirder in exercising any�i or remedy
<br /> shaU nat be a waiver e�'or preclude the eaereise of any righi or re�edy. � • �
<br /> ; 11. Succtuoxs a�d Asd�ns Bannd:Joint aad Sereral Liabitity;Co�sipers.. The wve�nants and agreemenu efi . � � .`
<br /> tlus Security Instru�s+�t s#atl bi�d aad bent&�the susxesso�s and assigns of Lender and Borrower,subject to t�e provisions �
<br /> of paragraph 17.Bosrow�r's co�e��.csts and agreements shall be joint and several.Any Borrower who co-signs t?iis Secunty �
<br /> Instrument but daes not eaecut:t�+�Nate:(a)is co-signing this Security Instrument only to mortgage,grant and cQnvey �
<br /> � that Borrower's intcrest�n the Prnperty under the terms af this Security Instruraent;(b)is not personally obligated to pay � �
<br /> , the sums secured by tfiis Security,Instrument;and(c)agrees that Lender and any other HorroRer may agree to extend. � � � -
<br /> ��odify,forbeat or maice any accommodarians with regard to the terms of this Security Instrum�t or the Note withont -
<br /> that Barrower'sconsent. � � �
<br /> 1Z. I.wn C6ar�es. �If the loan socurai by this Secarity Insttument is subject to�taw which sets maaimum loan ' • `
<br /> : charges. and that Iaw is finally interpteted so that the interest or other loari charges collecteri or to be coltected in ' '',—
<br /> c:anncction with the Iaan exceed the permitted limits, then: ($)any s�::,h loan charge shafl be�ednced by the amount � �
<br /> : nectssary to roduce tLT�charge to the permittaf limit;and(b)any sums a9ready coltected from Borrower which exceeded 1��
<br /> ` < permitted limits wil?be refundec3�o Borrower. Lender may choose to make this refund by reducing the principal owed �
<br /> ; under the Note or by making a di.*+xt payment to Borrower.jf a refund reduces principal,,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note. •
<br /> �. ' 13. I�datioN AReeting I,eedei's Rt�ts. lf enactment or eapiratioa of applica�ie J�ws has the eff�t of
<br /> . -rendering any provisirn�of the Note or this Security Instrument unenforceable according to its ternss.Lendet,at its option,
<br /> , may require immediate payment in full of all sums secured by this Security Instrun:ent and may invoke anu• remedies �
<br /> : . permitted Dy paragaph 19.If Lender exercises this optio»,I.ender shall take the steps,specified in the second garagraph af
<br /> , paragraph 17. ' ;�
<br /> 14. Nodces. Any notice to Borrower provided for in this Security Instrument shall be given by detivering it or by ` �`�
<br /> ; mailing it by first c[�.ss mail unless applicable faw requires use of anoiher method. The notice shall be directed to the .
<br /> Property pddress or any othev address Borrawer designates by notice to Lender. Any notice ta Lcnder shall.be given by
<br /> first clas.c esail to Lender's addre:s ssated herein or any other address Lender designates by notice to Borrower.Any natice �
<br /> . provided for in this Security Instriment shaq be deemed to Lave been given to Borrower or Lender when given as provided
<br /> in thispatagraph. - . .... ................ -. .. . .
<br /> 1S. Gorerning I,sw;Severabiltty. Tbis Security lnstrument shnll be governed by federal law and 1he law of the
<br /> . jurisdiction in whieh the Property is located.In the event that any provision or clause of'this Security lnstrument nr the
<br /> TVote ca�t!'iLis with applicable law,such cdnflict shall noi:-ffeet other provisions of this Security Instrument or ihe Note
<br /> which c�n:Fx.given effect without the conflicting provision. To this end ihe provisions of this Security lnsirument and the
<br /> • Note arr declared ta be severable.�
<br /> 16• Borrower'sCapy. Bnrrbwer shalF be given one conPormed copy of the Note and�f this Security instrument.
<br /> • 1?. Transter of t6e Peoperty ar�Beaeflciai tntesest in Bo�rower, lf al} or any part of thc Property or any
<br /> interest ia i2 is so2d or transferred(�r if a beneflcial interest in�orrower is sold or trartsferred and i3orrower is not:r natural
<br /> person)without Lender's prior written�consent.Lertder m�y,at its option,reyuire iri�mediate payment in fuU af all sums .
<br /> � secured by this 5ecurity Instrument. Nowever, this option shal)not be exercised by l.ender if esercise is prnhibited by ►-- _—_
<br /> federal iaw as of the date�f this 5ecurity Instrumc7t. � . .
<br /> If Lender exercises this aption,Lender shail give Botrower notice.of acceleration.The notice shaU provide a periad
<br /> _ _ o£,not hss ti�aa�Q�aysfrottt ltte d3te the scs�isr i�ticlir:ered t„n�aifc�d wftfm�which Bvtrawer must�ay afit Eums secufed by .
<br /> this Secur�ty l�sirnment.lf Borrower fails to pay these su+ns prior to the�ezpiration af this period,Lender may invoke any ' i
<br /> remedies permitted by this Secutity Instrument without further notice or demand on Barrawer.
<br /> 18.Borrower's Rig6t to Reinstate. IP�3orrower meets certain conditions,Borrower shal!have the right ta have �
<br /> enfarament ef this.Security Instrument discantinued at any time prior to the egrlier of:(a)5 days(or su�h�ther period as
<br /> applicabte law may specify for reinstatement)before saile of the Property pursu�nt td any power of sale contained in this
<br /> Secur:ty tnstrument;ar(b)entry of a judgment enforcing ihis Security Instrument.Those ronditinns are that Borrower: � '�'
<br /> • (a) pays Lender all sums which then would be due under this Security Instrument and the Note had na acceleration "
<br /> occurred; (b)cures any dePault oF any other cnvenants�r egreements; (c� �ys �1i ex�Enses incurred in enft�rc.-in�fhis � - t�A
<br /> 5ecurity Instrument. incluc�ing.6ut not limited to, reasonable attorneys fees;and(d)t�kes surh action as Lender may ��
<br /> �ressnn�bly require t�assure th81 the lien of lhis Seeurity tnsttument, Lendet's rights in the 1'toperty and Borrower's �� `
<br /> � � --- -obligation to pay the sums sezured by lhis 5ecUrity Inst�umenf shaU cc�ntinue unefianged. Up�m rcinstatemen� by � �
<br /> B6rrowcr,this Security lnstrument:snd the obligations secured hereby shall rPmain fapy effrctive as if nv accelerati�n h�d
<br /> aecurred.However,this tight to reinstate shall nnt apply in the r�se of acerlrrrti�m udder paragrsphs 13 or t 7.
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