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<br /> � If lwhder nqui�d mottp�e lasur,►ucc as�cotedition of m�king thc loan securcd by this Security lns�rument,
<br /> , Bc�rrower ihaH ptr•tht p�nhi�n9 requirod to maintain the i�surante in effcet until sach time as thc rcquirement fos the
<br /> insurance fierm�ta in accoMatice with Borxower'�and Lender's written agrament or applicable law.
<br /> � S. �l�y�etMl�. Lel�det or its s�ent msy muke reasonable entries upon and incpeciions af the Pr�perty. Lender
<br /> , shall�ive Borrower natica�t the time of a�priar to an inspeation specifying re�sonablc cause for the inspection.
<br /> 9. Goade�sNoe. The proceeds of any award or cla�m for 6nmages,dlrect or conscquential,io connection with
<br /> any condemruUion nr other taking of�ny part of'the Pruperty. or for canveyance in lieu of condemnation,are hereby
<br /> � assigned�nd shAll 6e paid to Lender.
<br /> In the event of a total taking of the Froptny,the proceeds shall be applied ta the sumc secur�d by this Security
<br /> i Instrument� whether or not then due,with any eaces�paid ta Borrower.ln the event of a partial taking pf the Property,
<br /> ' � unlas Borrowrer snd l.ender otherwise agree in writing,the sums secured by this Security Instrument shall be reduced by
<br /> � the amount of the procetds multiplied by the foll�owing fraction: (a)the total amount oP the sun�s secured immediatoly
<br /> � before the takina,dividecl by(b)the fxir market vs�lue of the Property immediately before the taking.Any balance shal!be
<br /> paid to Horrower.
<br /> If the Property is abandoned by Borrower�or if,afier natice by Lender to Borrower that the condemnor offrrs tu
<br /> � m�lce an�wud ar settle a claim for damages,Borrower fails to respond to Lender within�0 days after the date the notice is
<br /> ' j siven,Lender is authorized to collect and apply the proceods,at its option,eithes co restoration or repais ef the Property or
<br /> ; to the su�ns secured by this Security Instrument,whether or nat then due.
<br /> _ . J�slw:,t..:��.:w^��r�s�':.:ai2:tr::�i��ag:x in:�r'sii:se,ss:�»pglie,»!i�r.ef�rrc,�s!v r:'sr.:Y's".:!t r.ot e:.:ru��r
<br /> . � postpone the dcu date of the monthly paynnents referred to in paragraphs 1 and 2 or change t�:e amount of such payments.
<br /> � I0. Bor[ower Not Relaued; Forbear�nce By I.ender Not s Wai�er. Eatension nf the time for payment or
<br /> modiflcation of amortization of the sums secured by this Security Instrument grantcd by Lender ta any successo�r in
<br /> interrxt of Barrower shall not operate to rclease the liability of the original Borrower or Borrower's successors in interest.
<br /> � Lender shall noe be required to commence proceedings against any successor in interest ar refuse to eatend time for
<br /> ; payment or otherwiu modify amortizatioa of the sums secured by this S�curity Instrument b�reason of any demand made
<br /> by the original Barrower or Bonower's successors in interest.Any forbearance by Lender in exercising any right or remedy
<br /> : shall not be a wsiver oPor praclude the eaercise of any right ar remedy.
<br /> � il. S�cca�on aad As�l�uus Boand;Joint and SererAl Llability;Co�igners. The covenants and agraments of
<br /> ; this Security Instrument shall bintl and beneflt the successors and assigns of Lender and Borrower,subject to the provisions '
<br /> ' of pangraph i?.8orrower's cc�venants and agraments shall be joint and several.Any Borrower who casigns this Security
<br /> - ---- - - - --- - .-lne»:.*'.'...'^,t,".L y`L'!L{...^!�!:^L�.!'L..":2*�i.t��f11^It:fgl�c�c�a��ne I ie�r»fiiv Igci_r���nt�plY tm m�rtoaoe_ orant a�tc1 rAnve!v ----
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<br /> that Bonower's interest in the Pro rt under the terms of this Securit �Instrument;(b)is not rsvnall�obli attcl t� a � �
<br /> Pe Y Y P� Y 8 p Y ►T
<br /> the sums secured by this Security Instrument;and(c)agrees that Lender and any other Borrower may agree to extend, :�q
<br /> � modify.forbear or make any accommodAtions with regard to the terms af this Security lnstrument or the Note without ' '
<br /> that Horrower's consent.
<br /> 1Z. Lan Chsrgta. li'the loan secured by this Socurity Instrument is subject to a law which sets maximum loan
<br /> charges, and that law is flnally interpreted so that the interest or other loan chatges collected or to be collected in �
<br /> ; connection with the loan exceed the petmitted limits, then: (a)any such loan charge shall be reduced by the amount �
<br /> ` nxessary to ralvet the charge to the permitted limit;and(b)any sums already collectcd from Bonower which exceeded =
<br /> permitted limits will be refunded to Borrower. Lender may choose to rnake this refund by reducing the principal owed —
<br /> under th�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.
<br /> ' 13. LeQidation A9ftcting Lender's Ri�6ts. If enactment or eapiratian of applicabte laws has the effect of
<br /> ' rendering any provision of the Note or this Security lnstrument unenforceable according to its terms,I.ender,at its optian,
<br /> may reyuire immediate payment in full af all sums secured by this Security lnstrument and may invoke any remedies
<br /> ' permitted by paragraph 19.If Lender exercises this option,Lender shall take the steps specified in the second paragraph of
<br /> , paragraph 17. .�–
<br /> ' 14. Notiees. Any notice to Borrower provided for in this Security Instrument shaU be given by delivering it or by �
<br /> mailing it by first class mail unless applicable law requires use of another methad.The notice shall be directed to the .�
<br /> Property Address or any other address Bonower designates 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 designates by notice to$orrower.Any notice '
<br /> provided for in this Security Instrument shall be deemed to have been given to Borrow•er or Lender when given as provided --
<br /> in this paragraph.
<br /> 15. Gorerning I.aw;Sevenbility. This Security Instrument shall be governed by federai law and the law of the
<br /> jurisdietion in which the Property is located. In the event that any grovision or cl�use ni'thac Sec��rity inctn�ment�r 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 ptovision.To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shaU be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Trsinsfer of the Property or a Beneflcial Interest in Borrower. If all or any part of the Property or any
<br /> interest in it is safd or transferred(or if a beneficial interest in Borro�c er is sold or transferred and Borrower is not a natural
<br /> person)without Lender's prior written consent.Lender may, at its option, rcquire immed�sze payment in full of al!sums
<br /> secured by this Security Instrument. However, this option shaU 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 Horrower notice of acceleration- The notice shall provide a period '
<br /> of not less than 30 days from the date the notice is delivered or maite�3 within which $orro�rer rnu�t pay all sums secure�6y
<br /> this Security Instrument.If Borrou•er fails to pay these sums prior ta the ex�iration of this period,l.cnder may invoke any
<br /> remedies permitted by this Security Instrument without further notice or demand an Sorrower.
<br /> 18.Borrower's Rip,ht to Reinstate. If Borrower meets certain conditions. Borrower shall hatie ihe r�ght to ha�e
<br /> enforcement of this Security li�strument discontinued at any time prior to the earlier of:(a)5 days(or such other penod as �
<br /> L applicable law may specify for reinstatement)before sale of the Propert}•pursuant to any power of�alc crnitained in this �
<br /> Security Instrument;or(b)Pntry of a judgment enforcing th�s Security lmtrument. Those conditior��.are that B�rro�cer: ,
<br /> (a) p�ys Lender all sums which then would he due undet this Secunty in�trument ai�d the tiote .ad no ;,cceleration ��
<br /> oecurred; (b) cures �ny default of any other covenants ot agreements; (cJ pays ail ex{�enti.� incurred in enforcing this �p
<br /> Security Instrument, including, but nat limited ro, reasonable attorne�•�' fec:, and (d1 takc��uch actinn a� I.cndcr may �tA
<br />, reasanably require t� ussure that the l�en of th�s Stcunty In�trument. Lender'� righl� in thc F'r�perty and Horrnk•er'� "
<br /> �bligtition ta pay the �umti �ecured by this Secunt} In�trument tih�ell c�intinue unchanged. ['p�m rcin�tatrment hc " '
<br /> Borm��er.thi�Sc�unty Imtrument and the�b:�gan�nt�.ecured hcrchy �hali rrmam fulh effccu�c�it�f n��:��:cicratii+n had
<br /> i�rcurred.Ho��eter.thi�nght te�remtitateshal!nc,t apply �n thr ca�e��f ac.rlrratinn ur�dcr p,�r.i�ra�h�1;nr 1�
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