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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 the
<br />insurance terminates, in accordance with Borrower's and Lender's written agreement or applicable law.
<br />e. Inspection. 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 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 tang of the Prolaertyo
<br />unless Berrawer and ]Leader otherwise agree in writing, the sums secured by this Security Instmuent 5ha19 be reduced by
<br />else arnsc,ast cf the prs}seeid6s multiplied lzg the following fraction: (a) the total amount of the scams swuredt im- anediately
<br />before: the tang . by fbA the fair market value of the Property isrirumnediately before the taking. Any balance shall be
<br />pairs to ik rMu;er.
<br />If the Property i�:kTzan&tr, of k_v Biarrocver, or if, after notice b& Lender to Borrower than the condemnor offer to
<br />snake an a t`ar settCe a: )aim r'c ° % . ages, Borrower fairs to res"ad to Under within 30 days of -r. the date the notice is
<br />:. eglven, I air3i: s is authorized toccTM: z 2a apply the pros, at its option. either to restoration or ro*r of the Property or
<br />to the suwis�:ured by this SecurZt~y�" i{ d; ment, whether or nct thei `due :
<br />ifir kkiLender and Borrc.w tt h�erwise agree in wars; &.any application cf pi;!a s tz principal ski;k"yc' ifend or
<br />postponetrfte Sue date of the mcn' &1!1i'�:t ;ment s, referred to is paragrarBs•: L and 2 or a the amount e%io'i piyments
<br />10. 'Borrower' Int Relea6eq 76rbesmtace By Lender Not a Waiver. Extension of 01ta. time far payment or..
<br />modification of amoipit„gion of the sums secured by this Security Instt^ament granted by Le.,dtor to any. successor in
<br />interest of Borrower s::ail not opm,i: to release the liability of the original Borrower ar: interim . ;
<br />Lender sl %Il not be required •C4;s iaintnence proceedings against any successor in at> ei: imrefuw fe3.e.,gzoe -s 1;i:ne fer.
<br />. payment orotherwisLlModily.r okirt�ation of the sums secured by this Security Instrwmi nt fny -rte y�i �fiii�y:.�3 ,ax +'rit.�de:
<br />by the original successors in interest. Any fortiz arance by render in t:xel?a Y +T ;g:any rib i1,0 remedy'
<br />shall not be a.waivii rid rarjctrtyfie IiLze exercise of any right or remedy.
<br />IL! 5ueaew,M inidt q03ound; Joint and Several Liability; Co- sdgoem. The covenants and agreements of
<br />this Securitt.� Lastrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joini and several. Any Borrower who co -signs this Security
<br />Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey
<br />that Borrowers interest in the Property under the terms of this Security Instrument; (b) 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 Security Instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Cha rges. if the loan secured by this Security instrument is subject to a law 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 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 which: exceeded
<br />permitted limits will be refunded W Borrower. Lender may choose to make this refund by reducing the pnncipat owed
<br />under the Note or by making a di-*n payment to Borrower. If a refund reduces prtneipal, the reduction will be treated as a
<br />partial prepayment witchc a: any prepayment charge under the Note.
<br />13. Legislatlam �+I fIlecting. -4nder's Rights. If enactment or expiration of applicable laws has the effect of
<br />rendering, sry provis=. Nin r or this Security Instrument unenforceable accord: ^g to its terms. Lender. at its option,
<br />may req,ukre immediate'rayxerti r.^. full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragr biitiii 3;,.1 "Le ides exercises dlis option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice ,D Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it ky first class mail unless applicable law requires use of another method TC ie notice shall be directed to the
<br />Properv4 rtici&egs, or any other add:ass Borrower designa*es by notice t., Lender. ni. t ct;o_ 1.-., Under shall be given by
<br />first clan rrail *._ Lender's address stated herein or 4nT-v of i,er address Leado design e: :s by rc-)i ice to Borrower. Any notice
<br />Fr v- :dire for in t:ns Security Instrument shall be (Gvzzjed to have been giver) it) Borrower or Esrr:� .r when given as provided
<br />in this;:* Ic•a�•f.:
<br />M G- DoyremAg Law; Severability. This Security instrument shall be governed by federal law and the law cif the
<br />jurisdictkn im which the Property is located. in the event that any provision or clausa of this Security Instrument or the
<br />Note eon7icts 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 tie severable.
<br />M. Borrower's Copy. Borrower shall be given rme conformed copy of the Note and of thi% Security Instrument.
<br />1t,. T'msfer of the Property or a Beneflclal Interasl in Borrower. If a2f. r.- an, ��" of the Property or any
<br />interes, fts,.ii, tis :x.ld or transferred (or if a beneficial'interest in Borrower is sold or trA s;crTed are. 6�rrower is not a natural
<br />person) a;ertout U.v,. re's prior written consent. lender may, at its option, require immediate r il- ent in full of all Sums
<br />secured by this Seayirrty Instrument. However, tins option shall not be exercised by Lender-. .:-:: -else is prohibited by
<br />federal 31v., a6of ti edatcof this Security I-nstrument,
<br />If bender exercises this op! nn, Lender §hall give Borrower notice of acceleranh --.. The notice shall provide a period
<br />of not less than 3Odays from the date the notice is delivered or mailed w'ithin`which ; r,:iwer must pay all sums secured by
<br />this Security Instrument. If Borrower fails to i.' y these sums prior to the expiration of this pe, - ^--6, Lender may invoke any
<br />remedies permitted by this Security Insirum&O titiihout further notice or demand on Borrower.
<br />18: Poreowerr's irtik;tt to Reinstate. erect, certain condituim. Borrower shall have the right to lis4c
<br />enforcement of this Security instrument discotttir, r.J at any time prior to the earlier of (a) 5 days (or such either period as
<br />applicable law may specify for reinstatement) be-fote sale of the Property pursuant to any )rower of sale contained ut this
<br />Security Instrument; of (ht) entty of a judgment enforcing this Security lnstrunrertt. Thosc conditions are that Horrms er.
<br />(a) pays Lender all sums which then would be due under this Security instrument and the 'slate had no accc•leratiott
<br />occurred. IN cures any default of any ether covenatts or agreement=.. (c) pays all exhetise, incurred lit c•nfatrcnift this
<br />Security instrument. lioduding. but not Iltnited to. reasonable attorney: fees. aid td) takes such action as 1 antler may
<br />reautnahly requtrc tct assure tlt�t the lit-ti ttf this Security Instrument, Leridet , rights to the Propem and Hoirtmer's
<br />ohligatittrl tit pay flit m.M; .ccutcd by lim, so-litity lostruillent shilll koullnuc unch,111gcd l hoer rett).tatcntcnt hr
<br />Iforrou.er, Mi. sct:urity insttuttient atut flit obtlF,11tottc securest herehy shall fern.u)i full) cffea lu r es, if n:; v, cv ration 11.11
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