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<br />If Lender required mortgage insurance as a condition of maldng the loan secured tbrs Security IttstnunenL
<br />BoOtnwer .a p y the premiums required to maintain the insuranceln effect until such Mft as tha requirement for the
<br />inslukht a terminates in accordance with Borrower's and Leader's written agreement or appli4ble lair.
<br />L Iaalatim Leader or its agent may make reasonable entrie& upon ad mspecdons c6the Property. Lender
<br />sball sire Borrower notice at the time of orprior to an inspection speciiijng reasonable caua 6k.theiaapection.
<br />9. Condeatnation. The proceeds of away award or claim for rlsmages. direct or coast quenSaL in connection with
<br />any condemnation or other taking of any ,part of the Property. oc fw., conveyance in: lieu, 46f camlernnation, are hereby
<br />assigned and shall be paid to Leander.
<br />In the eved ef a tet.al ding of the Property: ** proceeds shill be applied to the sisms secured by this Security
<br />Instni�t,.whc� r *jai t� due, with any excess paid to Borrower: In the event ofs pstrfia,4 taking of the Property.
<br />unless Boirowersad -Lzn otherwise agree in writing, the sums secaiied by this Security I�vtrumeat: shall be reduced by
<br />the amount of the -p oceecis znrstiplied by the following fraction: (a)lhe total amount of tke sums secured immediately
<br />before the taking, divided by (b) rice fair market value of the PropeM immediately before trio- takiing'. Any balance shalt be
<br />paid to Borrower.
<br />If the Property is abandwed by Borrower, or if, after notice by, Lender to Borrmwes that the condemnor offers to
<br />make an award or settle a clams for damages, Borrower fails to respond to Lender within. Xrdays after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its option, either to restcmevv do repair of the Property or
<br />to the sums secured by this Sercr 4 Instrument, whether or not the>a'dur-
<br />- :: Onless Lender and &wrewer otherwise agree in %Tiling, any applicadom asSI rot extend or
<br />POS the due date of the tpwlly payments referred am in parat-paphs D arid- Z oreiMoi: 6 amc=41SWA pay ments.
<br />XjJ. Bormwer Not Released; For6earaace By Letrtier Nova Waiver. Exfrn m L af, thn� t:- - If" paymew (or
<br />moffrzation flC :=mlization of the sum szzarcd by t`.ss S=d —c$- Instrument L=dec to aWy successiirli
<br />i*temm �d Bmovw shall not operate to rel; w the liability of the anginal Borrower or FAmweessuccam. in iwwest. ..T. '
<br />Lmdiee 4, am be required to commence-proceedings' against any successor is interuE or refuse to extend timer far
<br />�2 a2 orotC�se modify amortizatizm o9 the sums secured by ibis Security Imso. m rah by rgwa of any demand reside
<br />by t ie 7rsi&3I Mirm- wer or Borrower's su=essors in interest. Any forbearance by Lead r in,eaerczhring any right or remedy
<br />shall not be a waivm of or precta l a the exercise of any right or remedy.
<br />11. Successors sad Amts Baud; Joint and Several LkMIlty; Co- sigma. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and hssigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall beioint and several. Any Borrower witoco -signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to'mcrtgage, grant and convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; Cm) is natJ personally obligated to pay
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<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Blorramcr may agree to extend,
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<br />modify, forbear or make any accommodations with regard to the terms of this Security Inswament or the Note without
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<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to a lawwhich sets maximum loan
<br />charges. and that lair 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 fram,Borrower which exceeded
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<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. I (a refund reduces principal, the reduction will be treated as a
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<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legisia6on 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 Instrte—,em unenforceable according it) ittirarms, Lender, at its option,
<br />may require imrr:diare payment in full of all sums secured -by ehlb Security Instrument am$ may invoke any remedies
<br />permitted by pafis. nob 19. If Lender exercises this optio:o, Censer e1wil take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall iDe given by delivering it or by
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<br />mailing it by first crass mail umiess applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designatts by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to i:,ender's address stated herein or any other address Lender designarts by natice to Borrower. Any not::,ce
<br />provided for in this Security Instrument shall be deemed to have been given to Barrmw eror Lender when given as provided
<br />in this paragraph.
<br />19. Governing Law; Severability. This Security Instrument shall be governed bp,,federal law and 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, such conflict shall not affect other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisions of thi i Security Instrument and the
<br />Note are declared to be severable,
<br />16. Borrower's Copy. Borrower shall be given, one conformed copy of file Ngtd and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower, it' all ar ants part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower in sold or tr anufarmd;and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, requites iaunudiate payment in full of all sums
<br />secured by this'Swarity Instrument. However, this option shall not be examimil by-1-ender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If LeMer exercises this option, Lender shall ghe Borrower native of aceeloratiitn, The notice shall provide a period
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<br />of not less than 30dayi' from the date the n4tiice is delivered or mailed within which Borrower must pay all sums serum!. by
<br />this Security tnsttw e.— L If Borrower fairy to flay these sums prior to the expiration of this perf6d. Lender may invoke .aria
<br />remedies per fitted by this Security Instrument without further notice or demand an Boffm ec.
<br />I-I..Deftaes's Right to Relnasats. IlSarrQ c me..tsscram conditions; Borrower shall have the right to have
<br />en(dtt went of this Security instrument discontinued at any time prior to the earlier of: (a) S 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; 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
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<br />Security Instrument. including, but not limited to. reasonable attorneys' fees; and (d) takes such action as Lender may
<br />reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's
<br />abligatinn to pay the sums secured by this Security Instrument shall continue unchanged: Upon reinstatement by
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<br />Borrower, this Security instrument and the obligations secured hereby shall remain fully effective as if no acceleration had
<br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraphs 13 or 17
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