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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. Itttspection. Lender or its agent may make reasonable entries upon and inspections of the Preperty. Lender
<br />shall give Borrower notice 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 other 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 apf5ed 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 following fraction: (a) the total a�-*:.}ixnt of the sums secured immediately
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<br />before the taking, divided by (b) the fair market value of the Froperty irnmediat: iy.: bef�ve the taking. Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by Borrower. or if, after notice by LeT4 --: to Borrower that the condemnor offers to
<br />make an award orsettle a claim fordamages, Borrower fails to respond ro Leander within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, eiihar 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 Borro-weirotherwise agree in writing, any application of prx-eeds to principal shall not extend or
<br />postpone the due date of the monthEy payments referred to in paragraphs 1 and 2 or change the daunt of such payments.
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<br />10. Borrower. Not Released; Forbearance By Lender Not a Waiver. Extension cf dpe time for payment or
<br />modification of amortization of *e- sums secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operve to release the liabih t3 of the original Borrower or Borrowers successors in interest.
<br />Lender shall not be required to commence proceedings apinst any successor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secure` by t.Si .rity Instrument by reason of any demand made
<br />by the original Bort.•oat er or Borrower's successors in interest.: . ; °ice by lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right: •.:r «aYe-Zy,
<br />H. Successors and Aullgas Bound; Joint and 154etwia*t Liability; Co sioo, , The covenants and agreements of
<br />this Security Instrument shall bind and benefit the succL-_'�srtiis :and assigns of Lender and Borrower, subject to the provisions
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<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security
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<br />Instrument but does not execute the Note: (a) is co-signing this Security Instrumenf only to mortgage. grant and ccave:y
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<br />that Borrower's interest in the Property under the terms of this Security Instrument, (b) is not personally pblty4ed to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Lender in .!.any -other Borrower may agape fv., extend,
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<br />modify, forbear or make any accommodations with regard to the tarnus of. r:f is Security Instrument or the h `1:t_:r. iir'ithout
<br />that Borrower's consent.
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<br />12. Loan Charges. If the loan secured by this Security instrument is subject to a law which sets maximurr ltzm.
<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 sh--.:h 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 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. Legislation Affecting Lender's Rights. 1f, .enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this Security instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of all sums secured by this Security Instrument 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.
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<br />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing [t by first class mail unless applicable law requires use of another method. The notice shall he directed to the
<br />Propery Address or any other address Borrower designates by notice :i: Ixnder. Any notice to Lender s`au!;E be given by
<br />first class mail to Lfi, .tier's address stated herein or any other address U-nider designates by notice to Borrower. Any notice
<br />provided for in thi; .Security instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in thi::, peTagraptt.
<br />ES. Governing Law; Severability.. This Security instrument shall he governed by federal law and 1sT °r taw of the
<br />jurise..,:1. bn in which the Property is located. in the event that any provision or dausc of this Security Ins :a~.r r.7t or the
<br />Note conflicts with applicable law, such conflict shall not affect other provisiem: of this Security lnstrurnene cr File Note
<br />which can be given effect without the conflicting provision. To this e-d• i ire pta::.SAons of this instr:�rne4 t and On
<br />Note are declared to be severable.
<br />hb. Borrower's Copy. Borrower s"423 be gii crt i)rie confotmed ..py of ti:1: Note and rti Jtic Secunt• Y trkstrument.
<br />17. Transfer of the Property or a Aeneficial 1rctwest in Borrower. if all or any pail of the P�ta;,r:•rty or any
<br />interest in it is sold or transferred (or if a inn eficia) interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without L,iMwer's prior written c::sm nt. Lender may. at its option, require immediate payment in full of all sums
<br />secured by this 5t:it.ttri.y irmiianent.. Hocc•ever, this option shall not he exercised by Lender if exercise is prohibited by
<br />federal law as of the date of 0,,vt $,curity instrument.
<br />If Lender exercises this option, Lender shall give Burrower 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 expiration of this period, Lender may invoke any
<br />�. remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />19. Burrowers Rikni t& Rtitisirite. If Borrower tileets t:ertair, condir l: -i, florrce% r %hall have the right to have
<br />enforcement of this Security Instrument discontinued at atrp time prior to the carli :r of (a) 5 days for such :,,her period as
<br />applicable law may Specify for reinstatement) before sale of the Propt!. ty pursuant to any pmver of sale contained m this
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<br />Security instrument: or (h► entry of a judgment enforcing this Security- Instrument. 'Those conditmsits are that Borrower,
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<br />(a) pays Lender all sums which then would be due under this Security Instrument and the ~cute had rice acceleration
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<br />occurred. 1b) cures any default of any other covenants or agreements. (c) pays all expenses incurred nr cnforcmg this
<br />Security instrument, itti luding. but not limited to, reasonable attnriieys' fees. and (d► takes such action as I glider "lay
<br />rea%t iiihly require to assure that the lien of this Security Instrument. Lender's rights in the Property anJ llormacr%
<br />on F1'1!:'.tati'!T!Cnt 1)►
<br />obligatiol4 to t•ay the '. lfwi secured Fly iiii4 S,'�urity Instrument Shall continue um:h:ingcJ Upon
<br />Wrro%,er if:. Set_n.'Ity III strunient and the t•hIigalknns secured fitreh,. shalt relish! ftiIk effccItvc as if nt- ao:ekr.ktioii f,A
<br />�t_uFrcti 11wAoer. th!, right toronstate shill m.iappl: inthc+. awof,i e,cler:,ei.,r:undrrpmar!,iphslt -r I'?
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