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<br />" ILOO868
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pey the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates inaccordance with Borrower's and Lender's written agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasonable 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 inspaion.
<br />9, Condemnation. The proceeds of any award or claim for damages, director consequential, in connection wida..
<br />any condemnation or other taking of any part of 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, with any excess paid to Borrower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agroe in writing;. the stuns secured by- this. Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the fallotuir,6_fraction ::(a?; the tea- 4, amount of the sums secured immediately
<br />Wore the t4Erggi.d- ided by (b) the fair market valueff- fte Pr?pedy immediately before the Any balance shall be
<br />Pau to RO
<br />[i' eke i:3^ ei3y is: aYmndoned by Doff owret, Or.11:; = fter nct -Jim' by Lender to Borrower: t6a . 6,e-on demnor offers to
<br />rrAgal7awvdre iede&w:ku fordamage_c,BorrevwxCiSIsto e, stdtosenderwithin3QOijs
<br />.aftertkihatethenrt=.is
<br />given, Le is Curl + . s1 to collect arty the i eds, at its cotion, either to resteralfbi :'rr.repair of the Prouty cr
<br />to the sums soh it; l i ; Security Insr�=at, w[ted;,er or not then due.
<br />Unless Lender a� l� &ower oth�ise agree wj ;.writing, any application of proceeci;.ta;irssicipat.shall not
<br />pa one the due date gf timi ni nthly payments refermh to in paragraphs l and! cr. change utie amount cf such naymeri
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<br />10. Borrower filet iRdessed; Fotroearsnce Lender Not a Walvek. the time for paymani -ci
<br />modification of amortizatscm.vf the sums secured by :this Security Instrument: ::h-,r :Lender to any suecessir in
<br />interest of Borrower shall not operate to release the liability of the original Borne "CrW cif TS wer's successors in interest.
<br />Lender shall not be requires to commence proceedings against any successeT its • iteres ' ur refuse to extend time for
<br />payment or otherwise modify amortization of the sutiis secured by ttis Securiq In - rument by reason of any demand made
<br />by the original Borrower or Borrower's successors ins uitirest. Any ferbearattechy [Winder in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any light or reraedy.
<br />11. Successors and Assigns Boun&Joimt and Several Liability; Co- sig.Ii let.. 'Th • covenants and agreemfatis of
<br />this Security Instrument shall bind and befit the successors and assigns of Linderanai NirmAvir, subject to the -mi s s
<br />provi
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. l+.t a • Pati-mnver who co- signs this Security
<br />Insenanent but does not execute the Note: (a) is co- signing this Security Instcwne it cntq rc� mortgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security instrument; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Burrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured 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 pem tied limit; and (b) any sums already,collected. finm,Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note. 4
<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 unenfarceable according to its terms, Lender, at its aptitrn,
<br />may require immediate payment in full of all sums secured by this5nurity Instrument and may inw ke any renlvAlirs
<br />permitted by paragraph 19. If Lender exercises this option, Lender sltail'take tht steps specified in the sos:und paragr.trh af.
<br />paragraph 17,
<br />14. Notices. Any notice to Barmmer provided for in this Sututity Instr; rnent shall Ise given by cefivering ii: rr try
<br />mailing it by first class mail unless applicable law requires use of another method. The noke shall be directed to the
<br />Property Address or any other address &- grower designates by notice to Lend,.-r. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any tither address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument slia I be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severahibly.• This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is hvntW. In the event that any provision or clause of this Security Ins:e.rument or the
<br />Note conflicts with applicable law, such conflict shall not afl'ect other provisions of this Security Instr•ume-.it Note
<br />or the
<br />which can be given effect without the conflicting proviiitm. To this end the provisions of this Security instrument and the
<br />Note ate declared to be severable. '
<br />16. Borroter'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 (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 />secured by this Security Instrument. However, this option shall not be 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 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 these
<br />pay 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.
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<br />10. Bo""Itet' Right to 1ltinstate. If Roffower meets certain conditions. Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued
<br />at anytime prior to the earlier of (a) 5 days (or such tither perued as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power (if sate contained in this
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<br />Security Instrument: or (b) entry of a judgment enforcing this Sccaanty Instrument. Those conditions are that Borrower:
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<br />(a) pays Lender all sums which then would be due under this Security Instrument and the time had no accelerates►
<br />occurred: (b) cures any default of any other umcnants or agreements. (c) pays all expenses Incurred en enforcina this
<br />Security instrument, including, but not hotted to, reasonable attorneys fees, td)
<br />and tikes such : ctrnn a% Lender snav
<br />reasonably require to assure that the hen of this Security Instrument, Lendcr's rrchf: in the Property aid lorrower:
<br />obligation ft, pav the sun" secured by th16 Securt'y inatrurnen` shall LvuUnttc: urech.►n.!i•d (`r1at retrtatatement by
<br />horro -Aer. this Security instrument and the 11h4attorts secured hereh-, shall trestle ful? � CffL'C t'. "s If stn acCcict: V111 h. fit
<br />(K:vurred Ili : vi et, this right
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<br />ltr reinstate %hall nr•a ap h tit th(-t ac,• trf.
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