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<br />$9 , 102014
<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 requirettierit for the
<br />insurance terminates in accordance with Borrower's and Lenders written agreement or applicable taw.
<br />8.. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. 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 herby,.
<br />assigned and shall: be paid to Lender.
<br />In the event of a totai'taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br />Instrument, whether or not titan due, with any excess paid to Borrower. In the event of a partial taking of tba,Property,
<br />unless Borrower and Lender otherwise ap= in writing, the sums secured by this Security Instrument sbA :be r duced by
<br />the amount of the proceeds multiplied bi-. the following fraction: (a) the total amount of the sums secure nn ^ediatety
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance sha:i,I be
<br />paid to Borrower.
<br />If the Property is abz- adimed by Borrower. or if. after notice by Lender" Borrower that the condemnor offers to
<br />make an award or settle a maim for damages. Borrow= Fads to respond to Lend= �.�(�tin 30 days after the date the notice is
<br />given, Lender is authorized.. tr:eollect and apply the ��s, at its option, either*•;, :� :htoranon or repair of the Property or
<br />to the sums secured by this Security instrument, si �. h� or not there due.
<br />Unless U- -rider and Borrower atlai :se_sga %ea ire �ctiting. any. application Cf proceeds � principal shall not extend ai-
<br />postpone the dire date of the monthly pijint- zts z -`e ,ad to in paragraphs 1 anz" d tar change; the amount of such praymer .s:
<br />10. Borrower Not Released; Forbes ranee By- Lender Not a Waives. Extension of the time for payment'or
<br />modification of amortization of the sums secured by' this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender sh A rat. be required to commence proceedings against any successor in interest or refuse to extend time for
<br />payment air modify amortization of the sums secured by this Security instrument by reason ofany demand made
<br />tgti .. CEP_ original Borrower or Borrower's successors in interest. Any forbearance by Under in exercising any -right or remedy
<br />sfaa nit be a waiver of or preclude the exercise of am: right or remedy.
<br />11. Sacce mrs and Assigns Bound;, Joint ant& Several Liability; Co- signers. The covenants and agreements of
<br />this Security Instrument shall bind and bearef, :t the successors and assigns of Lender and Born2wer; subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borm -sk „r who co-signs this Serrarity
<br />lnbtn tment but does not execute the Note: (a) is ro si>yping this Security Instrument only :,a 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
<br />the sums secured by this Security Instrument; and (c) agrv. . that Lender and any other Bsc rower may agree to extend,
<br />modify. forbear or make any accommodations with regard 't;r he terms of this Security frai.trument or the Note without
<br />that Borrower'swilsent,
<br />12. Loxn Charges. If the loan secured by this Security Instrument is subject tit a law which sets maximum loan
<br />ch= es, and that law is finally interpreted so the *. t'i're interest or other loan charges collected or Crt foe collected in
<br />connection with the loan exceed the permitted limes, then: (a) any such loan charge shall he 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 to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Nate 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 un.!4er the Note.
<br />13. Legislation Affecting Lender's Rights, if enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this instrument a :iiforceable according to its terms, Lender, at its option,
<br />may require immediate payment in full of air sums secured by : fink Security Instrument and may invoke any remedies
<br />permitted b) paragraph 19. If lender exercises the- ri, tion, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borrower provided for in (his Sccunty lr 4i ruinent shall he given i y d0iveting it or by
<br />mailing it by first class snail unless applicable law requires use of another method. The notice shall �e. directed to the
<br />Property Address or any other address- i�:)rrower designates by notice it? Lender. Any notice to Lender shall be given by
<br />ffr� s class mail to Lender's address stated herein or any other address Lender designates by notice to Bc•rror.er. Any r[c Ctce
<br />provi.Jed for in this Security Instrument shall be deemed to have been given w Nlr�-ower or Lender whcn gi v_rn as Provided
<br />i r,_ this paragraph.
<br />15. Governing Uww, Severability. "this Security instrument shall h. ; :r,verned by federal lave and t::: ! :u: rf the
<br />jurisdiction in Miich the Property is located. In the event that any pr.,vcii,n , r clause of this Security Instrument or the
<br />Note conflicts' aril applicable law, such conflict shalt not affect c,tl:er pmt.�i'ons of this Security Instrument or th_ Nate
<br />which can be given effect without the conflicting provision. To this end if.c prory Mons of this Security instrument and the
<br />'I o,w are declared to be se c vrable.
<br />16. Sorrower's Copy. Borrower shall be given one conformed copy oft he Note and of ttus Security Instrument.
<br />17, Transfer of the Property or* Beneficial Interest in Borrower. If all or an) part (if the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Bnrr„vt,er is sold or transferred and Borrower is riot :a natural
<br />person) without Lender's prior written i :cnsent, Lender may, at its op ;ion, rca,uire immediate payment to full of all sums
<br />secured by this Security Insirutmeer. However, this option shall not he exe.ctsed by lender if exercise is prohibited by
<br />federal law as of the date of t: s Sezuray 'astrtament
<br />If Lender exercises this option, -1,.c -rider shall give Borrowix r. )tice of acceleration. The notice shall provtc,! ,t period
<br />of not less than 30 days from the date tba iwficeis delivered or mail,a.d within which Borrower must pay all surns�uvilred by
<br />this Security instrument. if Borrower full lc ray t1Fa�e sums prior to the expiration of this period. Lender may inauice any
<br />remediespermi ttedbythis>ecuntyIhstrunniert tihi +tit further nottceordemandttoBorrower.
<br />18. Borrower's Right to Reinstate.. If licrr.w.cr meets certain condutow, , Hornmer shall lyric ttte nigh: to have
<br />enforcenient of this Security Instrument disc: ,ntinued at any Itirnv pnor to the earlier of. (a) S days for such other period as
<br />•applicable law ma) specify for reinstatement) before sale of the-Truperty pursuant err an) pr)v►er of sale contained in this
<br />Secunt) instrument. or 1b) entry of a judgment enforcing Instrument 7 hr,se conditums are that lic,rranv er
<br />(a) pa)'- Lender all sums %%hich then would he due under this Security Instrurnent and the Note had no acceleration
<br />trci.urred. (b) cures an-, default of any other oivenants of agreements, fcr pays all expetim ntcurreei in coforcing tail,:
<br />SrcuritE ir:strt ;atce,t, itiduifing, but n<tt limited te,. reasonable attune}-,' f'V- anit 4r1) tek" %,M 11, .Milani its ixtider m:t}
<br />rrast,rtishl.. rrquirc tr,� as4ure that the teen r.f the. se,urit$ instrument. I cntfer•, rigt ;t, nt the lhntcrty atia Fla•zwkwr's
<br />r,ithkatz• l: err p.rt IN. %etured by till-, Scturw. Instrunnew .hall ; 4 -wimw iu:, fiit,zt•d 1 1....1 tc t a. +h rrcS,t to
<br />15: :flow Pr th!.I".: Uric', in,t :,1tirent alid tt! C %C'Ilro"fu•!•hr tiff.i ll rCtr. it t +Ttt)���•Ilr`, t•.. ,, �i :t��.,.�t•i- t.i-n i:
<br />«u'rtd If'.at.cr'.th:.tiph :totes :.rerrtittaiiu,.i..lpli _111It -. }. _r.�.
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