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<br />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
<br />insurance terminates terminates in accordance with Borrower s and Lende%,'s written agreement orapplicable law. . -
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Letvter
<br />shall give Borrower notice at the time of or prior to an inspection s kecifying reasopable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damagrzi, director 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 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 stuns secured by this Security Instrument shall be reituced by
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured imm Aiately
<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 Borrower that the condemnor offers to
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<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and applythe proceeds. at its option, either to restoration or repair of the Property or
<br />tq the stuns secured by this Security Instrument, whether or not then due.
<br />Unless Lender and Borrower otherwise agrrm its writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly pay inents;4 -imred to in paragraphs 1 and 2 or change the amount of sych payments.
<br />10. Borrower Not Released; Fdrhe>u *By Lender Not a Waiver. Extension of the time 46,paymernt or
<br />modification of amortization of the sums. se am.# by this Security Instrument granted by Lender to any successor in
<br />ititterest of Borrower shall not operate'ta release r;Jie liability of the original Borrower or Borrower's successorss in interest..
<br />Ubder shall not be required to commence proceedings against ant, sucm -swr in interest or refuse to extend time for
<br />p rr;ent or otherwise mo>dilftr :amortization of the sums secured by this Security Instrument by reason of any demand made
<br />y-, the origindBorrower or Borrower's successors in interest. Any forbearane. by Lender in exercising any right or remedy
<br />s�, al rift.[. eaT.-aiverofor preclude t heaurciseofany right orremedy.
<br />U. Successors and Assigns: Wind; Joint and Several Liability; Co- dggers. The covenants and agreements of
<br />disf Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subjtrt to the provisions
<br />of-paragraph 17_ Borrower's covenants, and agreements shall be joint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the incite: (a) is co- signing this. Sc : u' rity Instrument only to mortgage, grant and. convey
<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is- not personally obligated to pay
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<br />the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend,
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<br />tnri;ify. forbear or make any accommodations with regard to the terms of this, Security Iststtutnent or the Note
<br />without
<br />that Borrower's consent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subject to s lax- which sets maximum loan
<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 hyan charge shall be reduct,d by the amount
<br />iiv;t:, .ary to reduce the charge- to the permitted limit; and (b) any sums altwdy collected from Bormsver which exceeded
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<br />wrwrr.4t. W tirnits will be refunded to Borralixer Uiail :r may choose to make this refund by reducing the principal owed
<br />under the Note or by making a direct p3slits -,e to C&;rrower. If a refund reduces principal, the reduction will be tsre,•tttd as a
<br />partial prepayment without any prepay, Lti:a ch qz under the It otr.
<br />13. Legislation Affecting tender's RigbM If enactment or expiration of applicable lawi has the effect of
<br />r-,^dering any provision of the Note or th. :s Securil w Instrument unenforceable according to its terms, hrrder, 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 evercises this option, lender shall take the steps spe:ifidd in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower pros; d.d for In this Security taitrument shall be gii ere h-. delivering it or by
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<br />mailing it by first class mail unless applicable late requires use of another method. The notice shall' be directed to the
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<br />Pf13perty Address or any other address Borrower d n,1.,-,ates, by notice to I.e „er. Any notice to Ler, shall he given by
<br />first class mail to Lender's address stated herein or an; .: ,.her a(idax =_s Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed it) bpi,, e I) n given to Borrower or Lender when gives► as provided
<br />;r, rhisparagraph.
<br />1S. Governing Law; Severability. This Sm -unij instrument shall eye governed by federal 1.3.w and the law of the
<br />jutisdiction in which the Property is located. In thr, evinit that any pro%ismil ,.-)r clause of this Scerjrii y Instrument or the
<br />'dote conflicts with applicable: law, such conflict shall not affect other provisions of this Security H7,1rument or the Note
<br />which can be given effect without the conflicting prmnion. To this end the provisions of this Security Instrument and the
<br />Note are declared to be severable.
<br />16. Borrower's Copy. Borrower shall be g: =en one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property ors Benefttc' % Interest in Borrower. If all or any part cf the Property or any
<br />interest in it is wId or transferred (or if a bcneficiaL :°:,_rest in Borrower is sold or transferred and Born mer is not a natural
<br />person) without Lender's prior written consent, L-L.- der may. at its option, require immediate paymt. -nt in full of all sums
<br />secured by this Security Instrument. .' option shall not he exercised by Lender if cvercise is prohibited by
<br />federal law as oft he date of this Security Instrumcrtir.
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<br />If Lender exercises this option, Lender cha:i- give Borrower notice of acceleration. The nntsce shall provide a period
<br />of not less than 30 days from the date th_ notice t-4,.-livered or mailed within v,-hich Borrower must pay all sums secured by
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<br />this Security Instrument. If Borrower fails to pa) tfiese sums prior to the expiration of this period, Lender may Invoke zany
<br />remedies permitted by this Security Instrument without further notice ordemand on Borrower.
<br />IS. Borrower's Right to Reinstate. If Borrower meets certain conditions. Borrntser shall have rite right tit Ib:tve
<br />t�
<br />enforcement ot'tftlssecurity instrument discontinued at any time prior to the earlier (if (a) 5 days for such other period as
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<br />applicable law may specify for reinstatement) hefirre sale of the Property pursuant to any power of sale contaitacd in tins
<br />Security Instrument. or (h) entry of a judgment enforcing this Security Instrument rhuse condnsons are that Horrower
<br />(a) pays. Linder all Sum,, Which then would be due tinder thm Security Instrument and the Note had iln aCC'Cleraltnn
<br />Occurred. fhr cures any default of any tither cimcnants or agreements. (c) pav,. all eltipen%rs Incurred in enforcing tlu%
<br />Security Instrument, uu t"1131g. but riot limited to. reasonable attnrnevs tee,,, and (d) takes %uch count as 1 endt•r inity
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<br />reasonably require to a%%ure that thr hen of this Security Instrument. I endct'% rti:llts In the 11r, petty ,end lt,?rr, aster's
<br />41114a1tnn tf, rav the '+tied% %- ectlred i�i% this Secunty In%trtirtie ►it %hall C:vntiDUC tinchany [ *nil it• fit'
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<br />li +•trrr<ser. thIt %ecilrir} iw trsnient avid tfie, iblipat 1(ito. wt: ured hcich%. shall w. -nalr: h1111L. rift•, w. r al d, nn;ec c ;ctatrr•n tt.rtt
<br />: nr cd iftnt,ete►, fill', rW1he t ,%rein %rateshallno apple rnthe c.i%e„f. : :crlcr.I!um toldcr
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