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<br />If Lender required mortgage insurance as a condition of making the loan securW by this Security liratriament,
<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 bender's written agreement er appir:able law.
<br />,3. Isrgeetim Leader or its agent may make reasonable entries upon and ins melons of the Prapert'f: Under
<br />shall give Ro ower notice at the time ofor prior to an inspection specifying reasonable cause far the inspect€en.
<br />9. C andenization. The proceeds of any award or claim for damage, director consequential, in contifttiva, with
<br />arty condemnation or other taking of any part of the. Property, or for conveyance in lieu of condemnation, We hereby
<br />assigned and shall be paid to Lender.
<br />In the event of a total taking of the a ropertvt, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not then due:, with any ex=ss paid to Borrewer.1m tihe event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in wrinag, the saris secureii by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the fcllcwing - fractkm. faI_ Oe "trta1 amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market sxti� of the Pr sty immediately before the taking. Any balance shall. bti .
<br />paid to Borrower.
<br />Lathe ;Prepert, f is abandoned hy: Borrower, of if, after,#.t - by`l cnder to Borracver that tha cendcatrtor offers tea'
<br />make an swaid or sett',: aelatmfoa dlai�ges, Borrower fails t :Jrspond to Lender within 30 days after the trade the notice is
<br />given, kris au3thoriz,4 to collect and apply the proceedv..itS option, either to restoration or repair of. the lAroperty or
<br />to thesumsteiured by tfsi&Security Instrument, whether oizct: hen due.
<br />Uttle ss Lender and Borrower otherwise agree im . Writing, any applico*of proceeds to principal shall not extend or
<br />postponetlse due date of the monthly payments refictedtu-44,paragraphs 1 and 2 or change the amount of such payments.
<br />A.. 'Borrower Not Released; Forbearance By, Leader Not a Waiver. Extrit_sien of the time for payment or
<br />modificatiim of amortization of the sums secured by this' $�xsrity Instrument granted by Lender to,any successor in
<br />interest of Borrower shall not operate to release the liability of ft original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any.su=cssor in interest or refuse to extend time for
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the originatBorrower or Borrower's successors in interest.. Any forbearance by Lender in.exercising any right. remedy
<br />shall not be: irwaiver of or preclude theexercise of any right at remedy. '.
<br />ii. Successors ad Assign.lfignnd; Joint and Severn Liability; Ca- signers. The covenants and z gri r tents of
<br />this Security Instrument shall bind acrd benefit the successors and assigns of Lender and Borrawo, subject tistl�: provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. An Bar :awcr wits ba -signs this Security
<br />Instrument but dyes not execute the Nitte: (a) is co- signing this Security Instrument only ta•mortgage, grant and convey
<br />that Borrower's interest in the Propex y tinder the terms of this Security Instrument; (b),in not personally obligated to pay
<br />the stems secured by this Security lei. ;trwnent; 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 Note without
<br />that Borrower's consent.
<br />12. Lau CbwVL If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br />charges, md,that law is finally irampreted sa that the interest or other loan charges collected or to be inflected in
<br />connection with the loan exceed dye p titted.limits., then: (a) any such loan charge shall be reduced by the amount
<br />necessary t`.is reduce the charge to ciic pYxmitrrat limit; and (b) any sums already collected from Borrower which exceeded
<br />permitted timits will be reunded. w 13cirzwer. lender may choose to make this refund by reducing the principal owed
<br />under the Mm!e or by mW ing a dirts;i. payment to Borrower. If a refund reduces principal, the reduainn will be treated as a
<br />partial prepwy rent without any pr'epa.yment charge under the Note.
<br />13. 14glWation ARect t Usdees Rights. If 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 />permittedby. paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 117-
<br />Ii. Notices. Any notice to borrower provided for in this Security Instrument shall be given by deliwAng it or by
<br />mailing it by first class mail unless applicable taw requires us: of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to bender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Lender designates by notice to harrower. Any notice
<br />provided fair in this Security lastrunitnt shall be deemed to haste been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Govereiog Law; Severabllity. This Security Instrument shall be governed by federal law and the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or 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 provision. 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 given one conformed copy of the Note and of this Security Instrument.
<br />17. Truster of the Property or a BeneReial interest in Borrower. if all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However. this option shall not be exercised by Lender if exercise is prohibited by
<br />federal law as of the date of tb is Security Instrument.
<br />if sender exercises this option, Lender shall give Borrower notice of acceleration. The notice .shall provide a period
<br />of not less than 3(►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 />remediespertnitted by this Security Instrument without further notice or demand on Borrower.
<br />IL Borrower's Right to Reimtate. if Borrower meets certain conditions. Borrower shalt have the right to nave
<br />enforcement of this Security instrument discontinued at anytime prior to the earlier of (a) S days (ter such other period as
<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; or (b) entry of a judgment enf•.ircing this Security Instrument. Those conditions are that livrrower:
<br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />occurred, fb) cures any default of any other covenants or agreements; (c) pays all expenses incurred to enfvr,. mg this
<br />Seeutity Instrument. including, but not limited to, reasonable attomeys fees; and (d) takes such action as Lender ma)
<br />reasonably require to assure that the hen of this Smunty instrument. Lender's nghts in the Property and lliirrower%
<br />ohligr um vo pay the wni% ce. ured by this Security instrument shall crmtonue unchanged ('piin reinstatement by
<br />linyrower. this security lr.�.trument and the nhhgations secured hereby Shall remain fully effectne as if tv, acceleration had
<br />occurred. H;)%riwer, thmrighr u: msi%tareshall not apply in the mseof acceleration under paragraphs t 1 nr 17
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