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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 accordance with Borrower's and Lender's written agreement or applicable law.
<br />& Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time cf or prier to an inspectien specifying reasonable cause for the inspection.
<br />9. Cendemnafon. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or otter taking of any Fact ef. the Property; or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Property; the proceeds shall be applied to the sums secured by this Security
<br />Instrument. whether or not then due, wit%t any excess paid to Born ?wer. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otltrrwis.;t pii. jn writing, the Tiiiu secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multipI ltd Irk :tlit< following fracficm (# 6k total amcuiii; of the sums secured immediately
<br />before the taking, divided by.(6) tiitrC )ir- let value ofthe Proper.-, r► medzate;y jQmthe taking. Any balance shall be
<br />pai4-l'i:zBorrower.
<br />.: ,Tfi the Property is abandvl;f is i grower, or if, after noti;a I.e t v Borrower that the condemnor offers to
<br />mall i at award or settle a clnitta Ey=r+ a: r ,. Borrower fails to resgti*,A,,'.•a Lender within 30 days after the date the notice is
<br />given, Lender is authori. ed tr7 cctib+ci wit G#sry the proceeds, at is�r tiy# on, either to restoration or repair of the Property,or
<br />to the sums secured bit t.'ain S .lrrsi'n int, whetherrr. not the,n:d te.
<br />Unless Lender and 86m— e; `otI%swtse agree iraw.tstung, any application of proceeds to principal shall not extend or
<br />postpone the due date of the rrrcttf 7 a� is referts m- in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Refvasek fir �ce 14- Lender Not a Waiver. Extension of the time fu; payment or
<br />modification of amortization of ike.s ,R• ured by this Security Instrument granted by Lender to ,.. ist, successor in
<br />interest of Borrower shall•not clime: air tci T-&=se the Ed- bility of the original Borrower or Borrower's suo z�-rs in interest.
<br />Lender shall not be required`. to.commence t�r i�rgs against any successor -n interest or refuse;, itend time for
<br />payment or otherwise modify ai=rtizatio!i of the sums secured by this Secur*__r Instrument by reason cy rx y demand made
<br />by the original Borrower or Borrower's s;=Dtssors in interest. Any farbq -- : c !fs - 'Lender in .e-w-, xs:.�j. rly right or remedy
<br />shall not be a waiver of or preclude the ewdrs^ e of any right or rcmt d jv
<br />11. Successors and Assigns Bottvi4 Joint rand Several Liub&ty; Co-signers. The coveneas s arld agreements of
<br />this Security Instrument shall bind and benefit the successors and ass-.ins of Lender and Borrower. subjt~e to the provisions
<br />of paragraph 17. Be.rrowees owenants and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not exfcute the Note: (a) is co- signing thin Sea urity Instrument only to mortgage, grant and convey
<br />that Borrower's ,.witerest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
<br />the sums secured by this S =r,.r:ty Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
<br />modify. forbear or make urny a: zommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />IL Loan Charges. if the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, and that taw is finally interpreted so that the interest or other loan charges collwted or to be collected in
<br />connection with Qie loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the arnount
<br />necessary to ndru%- the charge to the permitted limit; and (b) any sums already collected from Bo"ower which ewfvrded
<br />perrrixt,ed litria;s vc)l be refunded to Borrower. Lender may choose to make this refund by re&L,;i -ng ill,. pri.n - csWt, r ;red
<br />under the Note or. by making a direct payment to Borrower. If a refund reduces principal. the be trmw. t s a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of appis.;.) ?: laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceable according to its to t. LJ t•a, lender, at its option,
<br />may require immediate pa}•mait in full of all sums secured by this Security Instrument and tmvo%c any remedies
<br />permitted by paragraph 19. iC Lender exercises this option, Lender shall take the steps specified i rt the stats_.d paragraph of
<br />paragraph 17.
<br />16, Notices. Any notice to Borrower provided for in this Security Instrument shall.be-gnen by delivering it or by
<br />mailing it by first class mai.f unless applicable law rexjaire% we of another method. The rtctice shall he directed to the
<br />Property Address ar anj to hrc address Borrower desiLMaf l,} notice to Lender. Any notice to Lendcr shall be given by
<br />first class mail to stated herein or any other address Lender designates by entice to Borrower. Any notice
<br />provided for in tli tt S.xuri y Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing f-Aw Se ersbillty. This Security Instrument shall be governed i }j federal law and the law of the
<br />jurisdiction in which the Prorexty is located. In the event that any provision or clause of this Security Instrument or the
<br />Note conflicts with applieabli: law, such conflict shall not affect other provision.; of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. 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 Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is sold or transferred for 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 />secured by this Security instrument. However, this option shall not he exercised by Lender if exercise is prohibited by
<br />federal 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 pertnd
<br />of not less than 30days from the date the notice is delivered or matted 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 />1� 8izrrawer's Right to I:E:sstate. If Borrower rrtcct; ccrtais corfdition,,. 13a.-7trvcr ;hall have the nght 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 lacy may specify for reinstatementI before sale of the Property pursuant to any rower of sale contained its flits
<br />Security Instrument. or (b) entry of a judgment enforcing this Security ir.,,trumcttt Those ametntions are that f{nrrower
<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 errenses mcurrcd to enftircntg flit,,
<br />Security Instrument, including, but tint limited tit. reasonable atrotn"s fees .end (de take such action as i ender ntay
<br />rea,)nahly require to assure that the lien of flits Security Instrument. lender''. rtLhfv to the Property and N. rrnwer's
<br />eihligateeete to pay the -wiw. ;ewred h: flit'. Securit4 Intitruntent OtAl ctlumnue ullchallpt-d Up,'11 rcous + :sfctnenf Nv
<br />Iltati�Aer.1hr.sc�uttty It1strunicntnnd theohlivaftnnssecuredhctchy shall remain full -: effi•.h•.eas If m,a�_clt•n.etloll 11•111
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