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<br /> 9�� iQ3999
<br /> � If Lender r�quirrd mortga�e insurancc as�rondition oF inaking Ihe I�Qan sccured t�y Ihis Security Instrument,
<br /> Borrow�r stui{� p�y t�e premiums reyuited ta m�int�in the insurancc in effect until au�:h�ime as the requirement for thc
<br /> ' insurance trrmin�tes in�ccardance with 8arroN�er's nnd Lender'c written aqrrtment or applicahle law,
<br /> ` A. I�tcNw�. Lender or its agcnt m�y make aasonAble entries upon a�d inspections oithr Preperty. Lender '
<br /> � sh�!!�tive Borrowe�naNce at the time o1'ar prior to An inspection s�ecif�•ing reasonable cause far the inspection.
<br /> f9. Ca�de�uatta�, The proceeds of any swara or claim i'or damages,direct or cunsequential.in connection with
<br /> �ny coodemnation or ather takin�of anv part of the Property, or for com•eyance in licu of anndemnation, are hereby
<br /> ` usigned aod shRll be p�id to Letuier.
<br /> � In the event af a total takinj aF tht�raperty,the procecds shall be applied tn the sums secured by this Security
<br /> lnst�ument.Mhether or not qhen due,with eny excas paid to Borrower. In the event of a parliel taking af the Properiy.
<br /> i unlas 8o�rawer and Lender otherwise a�tra in writing.the sums sccu�cd by this Security Instrument shall lx rtduced by
<br /> 4 the amount of the proceeds multiplied by th� following fraction: (a)ehe tatal amount of the sums secured immediately
<br /> � before the takina,divided by(b)the fair ms��kei vAlue af the Propr_rty immediately before the taking.Any balance shall be
<br /> ; paid to Borrower.
<br /> : If lhe Property is abar�doned by Barrower,or if,atter notice by Lender to 8orrower that the condemnor otfers to
<br /> � make�n awud or settle a claim tor dnmagcs,Barrower fails to respond to l.ender wilhin 3Q day s af�ter the date the notice is
<br /> • given.Lender is authorized to collect and apply the proceeds,at its optian,either ta ratoration or rrpair of the Property ar
<br /> to the sums secured by this Security Instrument.whether or not then due.
<br /> Unless L.ender�nd Banower otherwise agree in writing.any applicatiun of prnceeds ta principal shall not catend or
<br /> postpone tba due date oP the monthly psyments refcrred ta in parAgraphs 1 and 2 or changc the amaunt of such payments.
<br /> 10. BonoMer Not Relea�ed; Forbeusnce By I.ender Niot� Wairer. Extension of'thc time for payment or
<br /> modiflCation of amortiution of the sums secured by this Security Instrument granted by Lender to any successor in
<br /> . interest of BorcoNer shsll not operate to relax the liability oP the original Borrower or �orrower's succcssors in interest.
<br /> I.encier shall not be required to commence procoedings Against any successor in interest ar refi�u to e�tend time for
<br /> pay-ment or otherwisc modify amortization o£the sums secured by this Sccurity ln�trumcnt by reason of any demand made
<br /> by the originAl�rrower or Borrower's su4roessors in interest.Any f�rbearance by Lender in exerci�ing any right or remedy
<br /> ' shall aot be s v►�airer of ar preclude the exercise oPany right or remedy.
<br /> 1I. SMCCe�ors a�d Ara�t�as Bouud;Joint snd Se�eraf Llsbllity;Casigpers. The covenants and agreements of �
<br /> . , this Security(nstrument shall bind and benefit the successors and as.signs of i.ender and Borrower,subject to ehe ptovisions �
<br /> of�ragraph 17.Borrower's covenants and agreements shall be�oictt�nd several.Any liarrower w•ho co-signs this Security . �
<br /> ---:- _ . Inetrnrevnt h�it�c es�t.,,•�:tt.:i�`w:�:.^.:�l..�:.� � • e__. s.._ �..... : --
<br /> •a+�•� ��i::R&i�ii'a vc..v'fi'ay auai:u�i�c'ii t'iiny w n��i�a�c.giai�i snu�vnvcy , „ar_
<br /> thxt Borrower's interest in the Praperty under the terms of this Security Instrument;(b)is not personally obligated to pay ;.��'
<br /> the sums secured by this Security lnstrument; and(c)agrers that Lendcr and any other Bor:awer may egree to eatend,
<br /> modify,forbear or make any aceommodations with regard to the terms��f this Security Inctrument or the Note without
<br /> that Borrower's consent. �
<br /> 12. Lo�Ch�trges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan ,. --
<br /> charges, and that law is finally int�rpreted so that the interest or other laan charges collected or to be collected in
<br /> connection with the loan excoed the permitted limit�, thea: (a)any such loan charge shall be reduced by the amount
<br /> nectssary to rcduce the charge to the permitted limit;and(b)any sums already collected from Borrower w hich exceeded
<br /> permitted limits wil) be refunded to Borrower. Lender may choose!o make this rePund by reducing the principat owed
<br /> under the Note or by making a direct payment to 8orrower.If a refund reduces principal,the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> 13. Le�slation ABRCtieg Lepder•s Rights. ff enactmrnt or expiration of applicable law•s has the effect of
<br /> rendering any provision of the Note or this Sxurity lnstrument unenforceable accarding to its terms,l.ender,at its option. .
<br /> may requite immediate payment in full of all sums secured by t�his Security Instrument and m�y invoke any rcmedies
<br /> permitted by pazagraph 19.If Lender exercisrs this option.Lender shall take the steps spec�ficd in the second paragraph af
<br /> paragraph 17.
<br /> 14. NoNce9. Any notice to Borrower pravided for in this Security lnstrument shall b�given b4•delivering it or by �•�
<br /> mailing it by first class mail nnless applicable law reyuires use of another method. The notice shail �►e directed ta the
<br /> Praperty Address or uny athe�address Borrower designates by noticc to[,endet. Any notice to Lender�hall be given by
<br /> first class mail to Lender's address stated herein or any other addre�:Lender designates by notice tc�Horroaer.Any aotice
<br /> provided for in rhis Security lnstrument sf:a11 bc deemcd ta 6ave bcen given to B�rmwer�r Lender w�hen given as pro�tided
<br /> in this paragraph.
<br /> 15. C.overning I.aw;�ever�bility. This Security Instrument shall bc governed by federal law and thc law af the
<br /> juri�ttietion in which the 1'roperty ic tocated. Itt the eti�tnt that asiy pro+risior:or ctause c�6 tMs 5ecss:«y lnstsument or shc
<br /> Note conflicts with applicable law,such mnflict shall not affect other provisions af tBis 5ecunty Instrument or t}ie 'Vote
<br /> . which can be gi�en effect without the cont':cting provision.T�this end the provitiions of this Securit}•Instrument and the
<br /> Note are declarer3 to be severable.
<br /> 16. Borrower's Copy. Borrower shall be gie�n one conformed capy of'the Note and of thi�Secunry Instrument.
<br /> 17. T��nsfer of thc Property or a 13eneftciai Interesl in Borrower. lf aU or any p:�rt�f the Property ��r any
<br /> interest in it issc���a�r transferred(or ifa beneficial interest in Borrower is snld nr tra�tisferred and H�rrower is not a natura!
<br /> persan)without Lendei s prior written consent, Lender may, at its<�pti�n, requirc imtnrciiate pa}ment in fall of all surns
<br /> seeured by this Seeurity Inttrument. However, this option shb11 not be exerciced by Lender if exercitie i� rroh�bited f�y
<br /> federal law asof the date of this Sccurity Instrument. %_`=—_ °
<br /> IP Lender exereises this option,Lender shall give f�orrower notire of accelerat�on.The n��tice:hdl l prc�vide a per�od �
<br /> af not less than 30days from the date the notice isdeli�ered or mailed within which E3orro�icr rnu�t�+ay ail�ur►i�tiecured by
<br /> this�ecurity]nsttument.lf Dorrower fails to pay thesc�ums pnor to the expirati<�n of th�s perii�d,l.ender may�nvokc any
<br /> remedies permitted by this 5ecunty Instrument without further nouce or demand on Hnrrn�ser. ;
<br /> 18, t3orrower's �tight to Reiestate. If Horrower meet5 certain conditinns. Borrc�uer tihall ha�e thc right ta havc
<br /> enforeement of this Secunty Instrument discontinued ai any t�me prior to the carlier��f:(a)5 da}s(c�r�i�ch uther penc�d ati �1
<br /> L applicable law may specify for rcinstatement)befor�sale�f the Yrnperty pursu:�nt to ari} p��«cr nf tialr cimtamed in th�s �
<br /> Seeurity Instrument;or(b)entry of a judgment enfurcing,this Secur�t�� In�trument. �the��e c��ndiue�n�c�re that Ri�rn�w�rr
<br /> (a) pays Lendet all sums which then w•ouid be ctue under thi� Serurit} Intitrumeut ancl thc tinte hacf n�� c�cccleratum `t
<br /> occurre�l; (b�cu�e� any defnuit of any �ther rnvenants nr agrecmeniti. Ir) rayt al{ ex�emc, �iirurrcii in cnfurcinF thi� �t,~p
<br /> Security intitrument, including, but not limited tu, rrasonahle attc�rue�s' feeti, an�3 (d1 t:sketi tiuch acti��ii ;i� i endei rna} �,��
<br /> reasonnbly requ�ee to sssure that the l�en ��f th�ti Secu�it} Intitrumrni. I.endNr'� ri�ht� in thr Pn��ert� anci Ft��rr��«cr', •
<br /> obli�ahon tu pa� thc Swns c�curcd b}� this Secunty In`trument �hall ���nttnuc unch:,ntc�i t'�on rcm�t�itrmi•��t t,� .
<br /> $�rrc�wer. thttiSecunt} Imtrurnent andtnenbltetitinn��ecured hereh�,h:�ll rerna�ii fully rRectitra� i(n��ac��•lei.iti��n !�eJ
<br /> nccurred. H���cetier.:hi5 right tc,reir��tate�h.�li n<�t�,rri> ����t�<<.,�����f,ir�rle�.�►n,n uude•r>>.�r,�;�r.�rli� I��,T 1'
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