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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance: in effect until such time as the requirement for the
<br />insurance terminates in accordanee vsitl t agreement or applicable law.
<br />8, Inspection. Leander or its agent may makt: reasonablt entries upon and inspections of the Preperty. Lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The promeds of any award or slaters for damages, director consequential, in connection with
<br />any condemnation or other taking of any part of the P•riperty, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event o °a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whethe. ar not then due, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and L, -aster otherwise agree in . —wMing , the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiFl ltd by the A.Qlowing fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (h) the Casty market;• value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandomd bv, l- grower, or if, after not Tice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower ti is to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized io collect and apply the prtQcells, ai its option, either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whetheTeii-mot then due.
<br />Unless Lender and Borrower otherwise agree in a citing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to iri.panigraphs 1 and 2 or change the amount of such payments.
<br />10. Ba,io,7er Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's suc&-,sors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment or otherwise modif}; amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or.Dorrower's successors in interest. Any forbearance by Lender in exercising Ares; Tight or rernedy
<br />shall not be a waiver of or Oieclude the exercise of any right or remedy.
<br />11. Svcctssm mid. Assigns Bound; Joint aid Several Liability; Co- signers. The covenants wA agreements of
<br />this Security. Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph .17. Borrower's covenants and agreements shall be joint and several4 Any Borrower who co -signs this.&CUrity
<br />Instrument but does not execute the Note: (a) is cosigning this Security Instrument only to mortgage;, grant and convey
<br />that Borrower's interest in the Property under thti rer -. of this Ser_.trrity 1nctp�MgA1, (h) is not nrtcna��frai c�hlioativi to ray
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower ri ky agree to extend,
<br />modify. forbear or make any accommodations with regard to the terms of this Security Inst:iiumem or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan s=ured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in
<br />connection with the loan exceed the permitted limits, then: (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 />permitted limits will be refunded to Borrower. Lender may chocM to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a •y4tid reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note'.
<br />13. Legislation Affecting 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 terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps speeifred in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security; Instrument shall be given by delivering it or by
<br />mz, ing it by first class mail unless applicable law requires use of anoth:r method. The notice shall be directed to the
<br />1?relpeny Address or any other address Borrower designates by tztatice to Lender. Any notice to Lender shall be given by
<br />frost; 4us mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />pro": fed for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />izt this paragraph.
<br />15. Governing Law; Severability. This Security Instrument shall be governed by federal law.an.d the law of the
<br />jurisdiction in which the Property is located. in the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applicable'law, suv;h conflict shall not affect other provisions of this,Se urity Instrument or the Note.
<br />which can be given effect without the eotifiicting provision. To this end the ,provisions of tlfris Security Instrument arsid the
<br />Nate are declared to be severable.
<br />lb. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a fileneftic;;il Interest: tt Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br />-s=n red by this Security Instrument. However, tht� option shall not be exercised by Lender if exercise is prohibited by
<br />tirs3�:ca1 law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 day,. (or such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument. or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this
<br />Security Irstrur crit, including, but no: hrrited to, reasonable attorneys' fees; and (d) take,. such action a.. Leader tnay
<br />reasonably require to assure that the lien of this Security instrument. Lender'% rights in the Properi} and liorrowcr's
<br />nbltgauon to pay the sum% secured by this Security lnstrumrnt shall continue uncharged l'pon rentst.rtcment by
<br />lorrower. this Security instrument and the obligations secured herehy ,.hall remain fully c -flccme as if no :trcrleration h.ui
<br />occurred Hmtie+.er. this right to reinstate shall not apply nr the c.tse f acccirrauon under p :u:+rr,tph� 1 Z r 17
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