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<br />`101724
<br />If Lender required mortgage insurance as a condition of making the loan se--urfj 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 Borroweeiand Lender's written agreement or applicable law.
<br />S. Inspection. Lender or its agent may make reasonable entries upon and inspotions of the Property. Lender
<br />shall give Borrower notice at the time of or prior to in inspection specifying reasonable calitim"for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, dimt or can; sequential. in connection with
<br />any condemnation or other taking of any pan otthe Property, or for conveyance in lilfg of condemnation, are hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the Propprty, the proceeds shall be applied to thi�sums secured by this Security
<br />Instrument, whether or not *--a -due, with any excess paid to Borrot w. In the event ofiipa•tial taking of the Property,
<br />unless Borrower and Lende'r'p-1,erwise agree in writing, the sums secured by this SecurifyInstrument shall be reduced by
<br />the amount of the proceed ��]�ipfied hey fee following fraction- (a) the total amount ofithe sums secured immediately
<br />befaite the taking, divided the fair market vale of the Property immediatellr before the taking. Aiky balance shall be
<br />paid to Borrower.
<br />If the Property is ah,i Jvoncd by Borrow .-r; c•r- if, aftrr riciticc by Lender to Barn3sv&. that the condemner afm to
<br />m4-;.-an award or settle a.clWm for damages, ti, Lende within 39,days, after thedate thcim" a'; _�- is.,
<br />6,
<br />gi.i* Lender is authorized to'collect and apply this p:7meedsl at its option, either to rwitoratitin or repair of the Pr'&MT1
<br />t 6 IiWrsums secured by this�urity lnstrument,,whiatlh:. or not then due.
<br />Unless Lender and rKxTower otherwise agreei iitzw citing, any application of proceedil, to principal Tall not extend 107:
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such paym'ents.
<br />10. Borrower Not. Released; Forbearance By Under Not a Waiver. Extemdoil'i of the time for payrnznt or
<br />modification of amortization of the sums secured by this Security Instrument granted byv Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Darrawer or successors in interest.
<br />Lender shall not be required to commence proceedimgs against any succe.war in inteiml.iiir refuse to extend time for
<br />payment or otherwise mod`O-r
<br />jamortization of W3 sv. =-, secured by this Security Instrument bk. reason of any demand made
<br />by the original &-irrower's successors in interest. Any forbearance by Lender in -:exercising any right or remedy
<br />shall not be a tx sue; e, fcC ,v-grjrzdude the exerciseef any right or remedy.
<br />11. Succeswn s4-:Assigasi Bound; Joint and Several Liability; Co-signers. The-c'fivenants and agreements of
<br />this Security Instrument s U-- I LMnd and benefit the successors and assigns of Limder and l3dirrijiver, subject to the provisions
<br />of paragraph 17. Borroweei-iceivenants and agreemewis shall bejoint and tL-V'Cral. Any Berm % -er who co-signs this Security
<br />Instrument but does not execute the Note- (a) is co-signing this Security Limrament only til,mortgage, grant and convey
<br />1.
<br />that Borrower's interest in the Property under the terms of this Security- Ini-trument, (h) is: not personally obligated 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 Seviltity Inarument or the Note without
<br />that Borrower sconsent.
<br />12. Loan Charges. If the loan secured by this Security Instrument is subjeci to a llim which sets maximum loan
<br />charges, and that law is finally interpreted 'so that the interest or other loan charpi; callected 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 w-nount
<br />necessary to reduce the cNarge to the permitted limit; and (b) any sums already cfjlltx-uNl*om Borrower which exceeded
<br />permitted limits will bc refunded to Borrower.• Leender may choose to make flih, refund;hy reducing the principal owed
<br />urit.fer the Note or by making a direct payment, to Borrower. If a refund reduces principal; t lie r-Muctien -;vid he treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration ofiappli,-oablc laws has the effect of
<br />rendering any provision of the Note or this Security Instrurfieril unenforceable according to its terms. Lender. at its option.
<br />may require immediate payment in full of all sums secured by this Security Imm-unswit and may invoke any remedies
<br />permitted by paragraph I g If Lender exercises, this option, Lender shall talce the iiiellssptailled in the second paragraph of
<br />paragraph 17.
<br />14. NhAices_ Any notice to Borrower provided for in this ScLurity ImArantent sliall be given by delivering it or by
<br />mailing it by -mi?, unless applicable law requires use of anollict method. 11v notice shall be directed to the
<br />Proix-rty Address, or 2tny cutter address Borrower designates by notice to Laidur. Any,nofice to Lender shall be given by
<br />first ch =s mail ir, stated herein orally other addr•vs Lenderdesignate0y notice to Borrower. Any notice
<br />provided fcrin rhis &,-_-uray Instrument shalt be deemed to have betri given to Horrowo-ror Lender when given as provided
<br />in this-par" W-. ph.
<br />M, Crsv ruing Law; Severability. This Security Instrument -,hall lie-govemed- by federal law and the law of Ou
<br />juriWicriotv in which the Property is located. In the event that any pif liviOnn or Ohmie of this Security. I w trument or the
<br />Now conflicts with applicable law, such conflict shall not affect other prov"41iliv uFthis Seebrity Instrument or the Note
<br />which can be given effect without the conflicting provision. To this end the pinv'S'Askim of this Security Instrument and the
<br />Note are declarvil to be severable.
<br />15. Hoirmwer'sCopy. Borrower shall be given one conformed ctipy of-the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Horrossen IV all or any part of the Property or any
<br />interest in it i5 sold or transferred (or if a bLmeficial interest in Burrower is mildorviransferred and Borrower is not a natural
<br />person) without Lender's prior written coment. Lender may, at its option. teclulte, ininicliate payment in full of all sums
<br />secured by this Security Instrument. However, this option shall utsi-tir emiv!wd by Lender if exercise Is prohibited by
<br />federal law as of the date of thi,,- Security Instrument
<br />If Lender exercises this option. Lender shall givelJorruwer nalic-iof 2iuc,,14,ration.The notice shall provide a pertod
<br />of not It-istban 30 days from the date the notice is delivered or mailed within Qhi-h Borg ciwer must pay all %utn% secured by
<br />this Security Instrument. If Borrower fails to pay thew sums pnot tit iltre.,Lp Mion of this period, Lender may invoke any
<br />reincllies, pennitted by this Security Instrument % tihout fulftla.., notice cor Jtri,tild an Borrower
<br />IS.BorroweekRiOltnReinflistio, If U-irtenLer Befft,f%,ef sU- I ha.ar the r.-011 tollave
<br />enforcement of this Security Instrument dis,zmjtiriued at any llfll!L ICit MtN!tcarlirr fat 5 days fur
<br />rl, of such other period as
<br />applit-able law may specify for r•instatement) before sale of the Prtnon'ty'rr-Mmunt to ativ ri,A.%cr (4 ,,ale contained tit this
<br />Security In%trunicni: (it 011t entry of a judgiticnt enforcL-tig this Sccuthy 1cwtunrictit. 'I hike coljdltjwls Ire filar florrouer
<br />(a) pa)s, Lender all sum. Mitili tilell mttjld he due cinder thn Stclit-lity Instrument and The Xtii• hict no acccletatiolli
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