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<br />P If Under required MOnSW insurance as a condition of nuking the loan secured by this Security in
<br />,O,mWr sw login ent,
<br />.'W%3 required to maintain the insurance in effect until such time as the requirement for -tho''
<br />aw "1111" with
<br />I - V .. Borrower's wA Leader's written agreement or applicable law.
<br />!-0*1� IAWK Of its MV111 MY make reasonable entries upon and inspections of the Property. Lendit
<br />; , - Mpect opert
<br />fiwrskl� --- --iftlimeOfOr prior toan inspection specifying reasonable cause for the inspection.
<br />9. C111110191111111dOL The proceeds Of any award or claim for damages, direct or consequential. in connection with
<br />any condemnation or other taking of any prat of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and WWI be OW to Lender.
<br />In the event of a total tatting of the Property, lhepro.=eds shaffbe, P-plied to the sums secured by this Security
<br />hismiment, whether (sr not then due, with any. exem paid to Borrower. Iii
<br />Uthe.event of a partial Wd-u
<br />shall off the property,
<br />uftles Borrower and Lender oilterwise, agree. in writing, the'"m secured.by. ft'Security Instrument shall be reduced by
<br />the sunvArst of the proceeds multiplied: by the following; fiscfiars: (a) the .total Aintsunt of the sums secured immediately
<br />before the Wdng. divided by (b) the fair market vsluc:oi'(he Property immediately before the tatting- Any balance shall be
<br />paw to Borrower.
<br />If the Prupw.ty is abandoned. by Hormwer, or if. kter notice by Lender to Borrower that the condemnor GFeS,0,.
<br />makesn award or"lea claim for,damges.B.mmvveiTs�ls- q respond Co Under within 30 dkYs4er the date thened=is�
<br />is W" lk
<br />Lencler, r1h&d!t0MMct and app1$Qt.-km1*&1S�at. its PUM,'-eithcrtorestm aiiAmir ofth,-�
<br />"to th e S
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<br />umdi�randSWATOweroMerwiscavftinw:iftmyapplicationoriprovertutppn-nripwsIWI not extend or.w,,,
<br />'-4se'eAletffth monthly paym Its referred to paraS - I and 2 or ebarip dw mount of such payments,
<br />eft rapb�
<br />Releme4-Forbeariancelly Under Not stUalver. Extension of the time for payment qr_.:
<br />mdaific3ficli of amortization of the sums secured by this Security h6ahiment granted by Li=der to y
<br />VC111' an successor ki,
<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrowers successors in interest.
<br />Lender shall not be required to commeince 51 w
<br />Proceedings against any successor in interest or M to extend time for
<br />payme nt. err otheirwise modify amortization of Ithe sums secured by this Security Imlrument by reasmofany demand tna&'
<br />BOTIOWteSSuCceawsininumW. Amy fWbeamme by Under in exericising any right, or
<br />sb&U nal., be a waiver of or preclude the extwigc many right or remedy.
<br />11 Saicemm aid Anlps Bo=4 JrUt &A Sevenol Liability; Co- signets. The covenants and agreements �
<br />this Security lastruinent shall bM and beirAs abe successors aadassigns of Lender and Borrower. subject to the provisions
<br />of paragraph 17. Borrouces covenants anal sigram-mis steal) bejoint and several. Any Borrower who co -signs this Security
<br />Instrument but dm not execute the Note: (a) is c(iosigning 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- IAM Charges, If the loan sectifed 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 />perin-avJ Limits will be refunded to Borrower. Lender may choose to snake this refund by reducing the principal owed
<br />U tde; the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br />partial prepayment wy-Riout any prepayment charge under the Note.
<br />13. Lesislaticis Affectial; Leader's Mow If enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the Nalaar this Security Instrument unenforceable according to its terms, Lender, at its option,
<br />may require immediate payment ha full of all sums secured by this Security Instrument and may invoke any remedies
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take i he steps specified in 0 w. second paragraph of
<br />paragraph 17.
<br />16. Notleta. Any notice ?o Borrow v.- ip.-ovided for in this Security Instrument shall be given by delivering it or by
<br />mailing zi by first class mail untest-, ippima'.-le law requires use of another method. The notice shall be directed to the
<br />Property Address or any other a&nss So r7awer designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Leer Wsaddress stated herv.-q or any other address Under designates by notice r:fSorrower. Any notice
<br />provided for in thisSearurrity Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />IS- GDJefRft LAM Sevembility. 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 Ncv;t and of this Secur.ty, 14%strument.
<br />17. Transfer oftbe Property or a Beneficial Interest In Borvower. If all cr any parof the Property o7any
<br />interest in it is sold or transferred (or iris beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Undles prior written consent. Lender may, at its option. require immediate pty,111ent in full of all sums
<br />secured by this Security Instrurient. However, this option shall not be exercised by Lender if en,-icise is prohibited by
<br />federal law asoftheda-leof this Security Instrurnent.
<br />Ifte►der exercises this option, Lender shall give Borrower notice of acceleration. The shall provide a pearl
<br />Of not leas than 30 days from the date the= notirmikdelivered of mailed within which Borrower muse pay all sums secured by
<br />this Security Instrument. If Borrower rails to poi these sums prior to the expiration of this period, Lender may invoke any
<br />remedies permitted by this Security Instrument without further Ponce or derimnd t;n 110trower.
<br />It ROMMees RI* to ReiMste. If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to theearlier of (a) 5 days (or 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 enforcing this Security instrument Those conditions are that Dorromer.
<br />(a) Pays Lender all sums which then would be due under this Security Initrunieni and the Note had no aectleratiot,
<br />occurred. (b) cures any default or any other covenants or agreements: (c) pays all expenses incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attorneys' (m. and (d) take-, such action as Leader may
<br />reasonably require to assure that the Iten of thn Security Instrument. Lender's rights in the Property and lkirro%trs
<br />obligaitun its pay the sums toured by this Security Instrument shall continue unchanged Upon reinslarrinent by
<br />[knirower. ifirs Smunty Instrument and the obligations secured hereby %ball remain fully effeco, c as it no acceleratims had
<br />(Axurred Ifoaever.thisnght tortanstatest'all"018POY p.Wa2mph% 13 ot 1! . .
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