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<br />If Lender required mortgage insurance as a condition of making the loan secured by this Sewrity Instrument,
<br />Borrower shalf pay the premiums required tc maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates iaaccordance tvith Borrcweesand.Lender's written astreemettt orapplicable law.
<br />8. Inspmallon. Lender or its. agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower noC.ce at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages. direct or consequential. in connection with
<br />any condemnation or oiler 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 agree in writing, the sums secured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the folfowimg fraction: (a) the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borst }w•er that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender withiir O days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds. at its option. either to restoration or repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agree in writiag,,any application of proceeds to principal shah: not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />M Berrower Not Released; Forbe. assrsee )I;, Lettde► No! a Waiver. Eatrnsinn of the time for payment, ur
<br />modification of amortization of the sums secured by this Security Instrument granied by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower ar Borrower's successors in interest.
<br />Lender shall not be required to commence frco edings against any successor in itud -est or refuse to extend time for
<br />payment orctherwise modify amortizat:oz of tth e =urns secured by this Security Instrument by reason ofany demand made
<br />by the crigiW- Borrower or Borrot%ea sssccessamift in serest. Any forbearance by Let7.6:rin exercising any right or remedy
<br />shall not area waiver of er preclude merexercise ofmvi right or vmedy.
<br />11. Sueemwrs tuna Assigns Bound; Joiat and Several Liability; Co,51pjws The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender au,'_ Borrower, subject to the provisions
<br />of paragraph 17. Borrowers covenants and agreements shall be joint and several. Any &;rrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument citly' to mortgage, grant and. convey
<br />that Borrower's interest in the Property under the temps of this Security Instrument; (taj, is not personally obligawd 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 Nette without
<br />that Borrowers consent.
<br />12. Loan Charges. If the la= secured by this Security Instrument is subject tt; a law which sets maximum loan
<br />charges, and that law is finally interp-r:ted so that the interest or other loan charms 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 permittedt r:rroit; and (b) any sums already collected from 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 dinnt payment to Borrower. if a refund reduces principal.. the reduction will be trued as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rightly. If enactment or expiration os applicable laws has the effect of
<br />rendering any provision of the Note or this Sccun t,. Instrument unenforceable according =, to its terms. Lender, at it; option,
<br />may require immediate payment in full of all sums secured by this Security Instrurt;t :t and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the stePsisp:ecified in the second paragraph of
<br />paragraph. 17.
<br />14. Notice& Arty notice to Aorrowcrprovided for to this Secunty InOrumer r as be given by delivering it or by
<br />mailing it by first c1WYS snail unless applicable law requires use of allnther method. The notic: sliall be directed to the
<br />Property Address or an t:' other address Borrower designates by notice to Lender. And notice to Lender shalt be given by
<br />first class mail to Lender's address Mated herein or any other address Lender designami by notice to Borrower. Any notice
<br />provided for in this Security instrument shall be deemed to have been given to Horrou r or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Security Instrument sh.Jl be governed by federal lave and the lave of the
<br />jurisdiction in which the Property is located. In the event that any prov,,;:un yr claw of this Security instrument or the
<br />Note conflicts with applicable lacy:., such conflict shalt not of mn other provisions of this Security Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the provisiaYy of this Security Instrumew and the
<br />Note are declared to be severable.
<br />16. Borrowees. Copy, Borrower shall be given one conformed r..: y of the Note and of t Jn q Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in 3crrorwer. if 0 or any part of the Property or any
<br />interest in it is sold or trarl4erred (o)r if a beneficial interest in &rrav er is sold or t rattsferred and Borrower i-. not a natural
<br />person) without Lender's pr(,,).- ik nicety consent, Lender may, a+ its option, require immediate payment in full of all sums
<br />secured by this Security lastru 2fct ;r. however. this option shall not he exercised by Lender if exercise it prohibited by
<br />federal law as of the date of this Sec -irity InstnmiL: tt.
<br />if Lender exercises this opt�n. Lenderi►.;311 give Borrower notice of acceleration. 'rhe notice shall provide a period
<br />of not less than 30days from the &- att!vhe notice is delivered or mailed within which Borrower must pay all sum-. secured by
<br />this Security Instrument. If Borr "}w fails to pay these sums prior to the expiration of this period. Lender may involte any
<br />remedies permitted by this Security. instrument without further notice cr,demand,_n,Borrowcr.
<br />18. Borrower's Rigitt to Yffiinstate. if Borrower meets certaincri ewici;t+ , lA.•rroNer shall have the right to have
<br />enforcement cif this Security in ti•%irent discontinued at any tine prior it% 11'tc earlier of (a) 5 days for such other period as
<br />applicable lase may specify for win statement) before % ale of the Propert) pursuant to any rover of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enfurc ing this Security Instrument Those condituun arc that Harrower
<br />(a) pays tender all sums which then would he duc under this Security lnstruinew and the !dote had nu acceleration
<br />Incurred. (b) cures any default of an% other covenant-. or agreements, (ci pays all expenses incurred in enforcing thls
<br />Security Irtstrurneni. including, but not limited Io. reasonable attorney€' fees. end td) takes such action as l.endet ntay
<br />rcasonabl require ti, es;ure that the lien of than Sccunt) instrumein. Lender's right. to the' Pro; ei ty si;t! liottower's
<br />obligatrnr, TO pay rite wilts cccured by this SCCurtt4 instrument `.hall Cnlltintre Iti :€'! &1I'.._t7t Upwt tit - tlCnaen! h.
<br />No :roe ter. th s'seuiraty Irmrunierot and t lie (+it._,tttnn-. u^cutcd hereby shall tetriart fiats rffrru�e e .f tl, ,t, crler,att.,a h.n!
<br />rrcd Il"%k v% rr. tht. right tf: renistate. heltn „tat,P1•.InIho €arct:`aucfrt.ett •nuiaf�r1eravra''
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