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<br />1 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 Lenders written agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the time ofor. prior to an inspection specifying reasonable cause for the inspection..
<br />9. Condemnation. The proceeds of any award or claim for damages, director consequential, in.conneetion with
<br />any condemnation or other taking of any pan of the Property, er 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 praceeds, shall be applied to the sums secured by this Security
<br />Instrument, wheihsr or not then due, with any excess paid to Suffower. In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the swiss secured by this Security Instrument shall be reduced by
<br />the amount of the prceeeds mu tiplied" by the following fraction: (a).the total am milt of the, sums secured immediately
<br />before the taking.,divided Elf. Ili;) thj: fair market value of the Propert;. immediatAy Writ: the.taking. Any balance shalt be
<br />paid to Borrower.
<br />If the Properly is abrJ^.d t4+. iacrower, or if, after ttot Lender to Borrower that the condemnor offers to
<br />make an award or settle a c a tT ,- datPta e;, Borrower fails to resp,iap to Lender within 30 days after tfleauto the notice is
<br />given. Lender is authorizc tar.&? set an &4 ply the proceeds, at its.9"mon, either-to restoration or rcp: ir" rr - d%e Property or
<br />to the sums secured by this Smi=thy Instiut ent. whether or not thcr iii .
<br />Unless %errrler and Borrower ot.lri- �isc agree in writing, arry d M'Ilication,of proceeds tta,principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 acrd:lor chartge t%c amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extenstea" of the time for payment or
<br />modification of amortization of the sutras secured by this Security Instrument" granted by Lender tc; any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or &2m z cuer's sd,& sscrs in interest.
<br />Lender shall not be required to commence proceedings against. arij successor in interest,cY: refuse ify extend time for
<br />payment or otherwise modify amortization of the sums secured by tiifs'Security Instrument.1w. reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any:fiae' earance by Lender ime,:e'rcising any right or remedy
<br />shall not be a waiver ofor preclude the exercise of any right ar remedy.
<br />11. Successors and Assigns Bound, Joint and Several Liability; Cosigners. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and aas im of Lender and Bor, c—,;ver, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be jaitir wal several. Any Borrow. er who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to 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 Borrower may agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note w athout -
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security ln!!trument 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 Borrow lssre Borrower. Lender may cbr to make this refund by reducing the principal owed _
<br />under the Note ar by making a direct ps;ytns:nt to Borrower. If'as rdund reduces principal, the reduction will be treated as a
<br />partial prepayment without any prepayment charge und(xthe Nct'e.
<br />13. Legislation Alrecting Lender's Rights. If rrs;.,ment or expiration of applicable laws has the effect of
<br />renderi ng any provision of the Note or this Security Instrwileat rmenforceable according to its terms. Lender. at its option,
<br />may require immediate payment in full of all sums secured by t.lus Security Instrument and may invoke any remedies yk
<br />permitted by paragraph.19. If Lender exercises this, optirz7, Ltndr_r shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any ftl}tice to Borrower prove &I for in this Security Instrument shall be given by delivering it or by i
<br />— mailing it by first class mail unless applic;ible Nw requires use of another method. The notice shall be directed M, th,N
<br />Property Address or any other address M)rrower designates by notice to Lender. Any notia° to Lender shall be g)"ut-r�. "hN.
<br />first class mail to Lender's address stated h rein or any other addrl•._,r Lender designates by r•)tice to Borrower. Any l}t,t Ice
<br />provided for in this Security Instrument shall be deemed to have beets given to Borrower ar Lender when given as pry: Jed
<br />to this paragraph.
<br />15. Governing law; Severability, This Security Fnstrum.ent shall be governed b_v federal law and the lail: of the
<br />jurisdiction in which the Property is localal". In the eocr,?: t.hai a)3y' provision or clause of this Security instrument tar the
<br />Note conflicts with applicable law, such cj.)nflict shall imn':i!it ct rAler provisions of this Security Instrument or ilia ;+Tote
<br />which can be given effect without the conflicting provisjAm_ 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 goer, 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 Borrowcv is sold or transferred and Borrower is not a natural
<br />person) without Lenders 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 (if 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 expirata}n of this period. Lender may invoke any
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower.
<br />- - 1% $arra ces is €Rtrt to ::t¢irsir;te. if P.ar:o;ver accts certain ecttrditior►:, Mrre�rr ;hall ltaii tht rteitt to hair
<br />enforcement of this Security instrument discontinued at any time prior to the earlier of (a) g days (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. tar (h) entry of a judgment enforcing this Security Instrument •i how condition; are that l3ntro;."er
<br />(a) pays Lender all sums which then would be due under this Security Instrument „rid the Note had no acceleration �
<br />occurred. (h) cures any default of any other covenants or agreements, (."t pay; all expense-. incurred In enforcing this
<br />'+ecurlt) In ;trun}enr, Incfutf3ng. that net Iun3tad to. reasonable attorney~' fees. and (di takes much action .IS 1 ruder may.
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<br />reasonably require to assure that the #ten of this, Security In ;trun :ent. i ender', rrphti In the Property and flornmer's r _
<br />sst►h Ealion !t> p: m .0he .tn v secured thv, %ecttrt Insrument O.I mu'llani " o Upon
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