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<br />If Lender required mortgage insurance as a condition of maki't%,the loan secured by this Security Instrument,
<br />Borrower shall pay the premiums required d to maintain the inwMve ittliffo -t until such time as the requirement for the
<br />insurance terminates in accordance with Borrower's and Leader's w'riitenAgreement or applicable law.
<br />8. IssMdon. Lender or its agent may make reasonable erittria Upon and inspections of the Property. Lender
<br />shall give Borower noticeat the time of or prior to an inspection spe cifyin9 reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in comtection with
<br />any condemnation or other taking of any part of the Property, or foie Qanveyanee 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 shatllibe applied to the sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borm%=.In the event of a partial taking of the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured-by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following fraction: (a) thh total amount of the sums - secured immediately
<br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be
<br />paid to Borrower. -
<br />If the Prcpezty is abandoned by Boazrower, or if..a-rter notice by Lender to Borrower that the condemnor offers to
<br />makean award or settle a claim for damage-, Borrower fails to respond 20 Mender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its optionitither to restoration or repair of the Property or
<br />to'&esums secured by this Security Instrument, whether.-or not then dues.
<br />Unless Lender and Hexrowe:r otherwise agree in writing, any applitrtion olf proceeds to principal shay. not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs, Citnd 2 or change the amount of sZCh payments.
<br />10.- Borrower Not Released; Forbearance By Lender Not a W'altrer. Extension of the tirre ` 7: patiMerr� . or
<br />modification of amortization of the sums secured by this Securit}, insttiAment granted by Ee ^der to .z;r:.c
<br />intcn-st of Bor rower shall not operate to release the liability of the original:Horrower or Botroaer's sace5ci s H sz
<br />Len &r shall not be required to commence proceeding against any suaamsor in interest or refuse to ras_:.nd time for
<br />payment or otheeTwise modify amortization.- the suns ,ia:-ared by this Security ftn,-trument Irk reason ofazydemand made
<br />by the original azzrower or Borrower's su f- --&ors in into: est. Any forbearance bY Lender in exewising any right or reur.-ady
<br />shall not be a wa ,aea of or preclude the exena.9e of any right or remedy.
<br />11. Successors and Assigns Bound, Joint and Several Liabil1t1q Co•sivw.s. The covenants and agreements of
<br />this Security Instrument shat,; tend and benefit the su"nssarsand assigns oft ernti r.:ind Borrower, subject tothe provisions
<br />of paragraph 17. Borrower's co venants and agreements shall be 3 oint and -wntr ol. Aay Borrower who co-si gns this Security
<br />t y
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<br />Instrument but dies not execute the Note: (a) is co- signing this Security instrument only to mortgage, grant and convey
<br />that Borrowee'a ;nterest in the Property under the terns of this Security Instrtment; (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; (c) Lender
<br />and agrees that and'any other Borrower may agree to extend,
<br />med`fl, rorbear or make any accommodations with regard to the terms• of this, Security Instrument er tba Note without
<br />that Burrowers consent.
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<br />12. Loan Charges. If the loan secured by this Security Instrument ivsubject to a law which scat: maximum k�xrts
<br />charges, and that law is finally interpreted so that the interest or other Wan charges cefle:wd or to, be collected it;
<br />connection with the loan exceed the permitted limits. then: (a) any sudtluin charge shalt be reduced by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any supts t iixidy collected. from Borrower wf—,ich exceeded
<br />permitted limits will be refunded to Borrower. Undo- may choose Itt niEke refund by reducing tl:e principal owed
<br />under the Note or by making a direct payment to Bod iswter. If a refund r0iices principal, the reduction will be treated as a
<br />partial prepayment without any prepayment vharg,e under the Noels
<br />13. Legislation Affecting Lender'!. Nights. if enactment or• expiration of applicable laws has the effect of
<br />rendering any provision of the Note or this gec4,r, t'y inonim -ant unE716Nontilf according to its terms, Lender, at its option,
<br />may require immediate payment in full of ail sums si:c_ut'ed by this Secsatfty Instrument and .erne in--o-le. any remedies
<br />pemnitted by paragraph 19. If Lender exercises this option. Lender shall .1t10 the steps specifies i.1 rrpi; second paragraph of
<br />paragraph 17.
<br />14. Ncdke�-. Any notice to Borrawerprovided :m in font Sa- arillAhstrument shall b ttven by delivering it orhy
<br />mailing it by first class mail unless applicable Ia,w requires use: of,unadiltr metrind. The ncnce shall be e'irected to the
<br />Property Address or any other address Borrower desigamrs by notice to Lender .4n i notice to Lende: w{t :[ be given by
<br />firs4 class mail to Lender's address stated herein or any cithtr addross lender cl -nigc atCS b} nnice to Borrc" �/ Ant n::.; :cc
<br />provided for in t [. is Security Instrument shall be dterned u) [mm ba zi. g; Wen to Borrower c r Under when gi per• as pro-oded
<br />in this paragraph,
<br />15. Governing Law; Severability. Thi3 Security instrument shall be governed by federal law and the law of the
<br />jur- sal.clion in which the Property is located. In th•. event that any provision or clause of this Security lin-strument or the
<br />Not r conflicts with applicable law, such confli;: shiall bot affect other provisions of this Security ors: r;�awrlt or the Note
<br />which can be given effect without the conflicting provision. To this L-nd the provisions of this secum 3', frs,trument and the
<br />Note arc declared to be severable.
<br />16. Borrower's Copy. Borrower stiallkbe given one conform .d.copy of the Note and oft his Security Instrument.
<br />17. Transfer of the Property or a Beneficial interest in M)rrower. If all or any part of the C- roperty or any
<br />interest in it is sold or transferred (or if a bermfidal interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lenders prior written comenl+ Lender may. at it , o)phon, require immediate payment in fall of all sums
<br />secured by this Security Instrument. However, this option shall -not be exercised by Lender if exercise is p:,_{tt "'t_ed by
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<br />federal taw as of thedate of this Security Instrument.
<br />if Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall { t': = ale T V..er :od
<br />of ont less than 30days from thedatethe imniceis deliveredor mailed within which Horro%cr must
<br />pa) all s- n;; -y :�;i�y�;l:-
<br />this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this per-M. Ihnder ma` a lie :i.r : :ttty
<br />reiiredies permitted by this security In itturr nit without further notice or demand on Borrmt.!r
<br />18. Borrower's Right to Reinstatt. If Borrower meets certain conditions. Borrower shall have tite right to have
<br />enforcement of this Security Instrument 3y5contmued at anytime prior to the carder of (a) S (lays, (or such other period as
<br />law may specify for reur:tateinent) before the Property
<br />Iapplicable sale of pursuant t,) any power 41f sale contained ni this
<br />Security Instrument; or (b) entry of a ludgnient enforcing this Security Iustruuteni. 'those condittom are that llorrnwer
<br />(s) pays bender all none. which then would be due under this Security Instrument and the Note had no acceleration
<br />txaurrcd; (b) cure~ any default 4 an) tither covenants or agreements; (c) pa),, all expenses incurred in enfi,rcio); tills
<br />Security lnstruntent, indultog, but not limited to. reav)nahle atiorneys' fee%. and (eft takes such .town cos Lender roil)
<br />rca 4mahly requite to assute that the lien of this Security instrument, I- endct•. ntrhtti to the l/rc•pt•rty and Iforn +wer's
<br />obligatnln w pass the soma .,Ccutcd by this Security instturnera ~hall um1`11MV un :hanged i'plrir rernstatruient by
<br />ilr,rrnwcr, thn`srLutity Iii,trurncnt and the obhgatiout,sccurcd hcrchy ,)lull remain full} cfie�trve a4, it n11 ^.k' rl'itwn h,1A
<br />- ou-inrcd It,iur.er fhml rrui.i t,a it- w -tel: hall iii :.app bill - Cal : -,A -r .. .
<br />- 'n••• ti °I) .lit "L 11 fBilt ile i�llitti I1.41.tt:14111m
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