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If Lender required mortgage insurance as a, condition of making the. loan. se I cured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirem.-rit for the
<br />insurance terminates in accordance with Borrowees and Lender's written agreement orapplicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections or the Prrperty. Lender
<br />shall give Borrower notice at the timeof or prior to an inspection specifying reasonable cause for the inspectic.-i.
<br />9. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with
<br />any condemnation or other taking of any part or 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 dut, with any excess paid to Borrower. In the event or a partial taking or the Property,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced �y
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount or the sums secured immediately
<br />before the taking, divided by (b) the fair mRrket value orthe Property immediately before the taking. Any baTanA shall be
<br />paid to Borrower. I
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor ofTers to
<br />make an award or settle a clairn for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds, at its option, either to restoraticloor repair of the Property or
<br />to the sums secured by this Security Instrument, whether or not then due.
<br />Unless Lendernrid Borrower otherwise agree in writing. any application orprocceds to principal shall not extend or
<br />postpone the due date or the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Released, Forbearance By Lender Not a Waiver. Extension or the time for payment or
<br />modification of amortization of the sums secured by this Security Instrument granted by Lender to ally successor in
<br />interest or Borrower shall not oper3te to release the liability of the miginal Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any slice , sor in interest or refuse to extend time for
<br />es
<br />payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest. Any' Forbearance by Lender in exercising any right or remedy
<br />shall nel, be a waiver of or preclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements or
<br />this Security Instrument 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 bejoint and several. Any Borrower who co-signs this Security
<br />Instrument but does not execute the Note: (a) is co-signing this Security ln§trument only to mortgage. grant and convey
<br />that Borrowcr's interest in the Property under the terms of this Secu.-:ty 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 Charges. 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 charge-, 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 />pe-mitted limits will be refunded to Borrower. Lender may choose to make this rerund by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower, If a refund reduces principal, the rcduction will be treated as a
<br />partial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment or expiration of applicat�e 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 />m3y require immediate payment in Full or all sums secured by this Security Instrument and may invoke any remediLs
<br />permitted by paragraph 19. If Lender exercises this option, Lender shall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />1� N»��' Any »«'kemB»rm»erp�v�edknintkb800�/iInw,ument shuUh^�nn ,o,hy
<br />'
<br />mailing o by first class mail unless
<br />/ addn�smuoro�hruddn��' �o requires — use — another ^method. ^ ^""~"�e,nao be directed to the
<br />� Property ` uo,m�o notice ,n Lender. Any notice to Lender shall be given by .
<br />first class mail to Lender*s address _
<br />, ___herein _ any ~,,address ,e," notice to ,,.~ for m���h .'."v mm�n,�nm/*:u,onru xx, u,o` - — — ----' �
<br />'
<br />mmoparagraph. �.
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<br />' 15. Severability. ~ Instrument shall be governed by federal law and the /
<br />� j"."°",~°m°n�othe the event thxany pm"i,i^"'rc/uu^ w�x�uou�tv-- --
<br />� .,~`"."°°.m �mUnmu�rtm�,pm"bonsvrth��� h� Instrument ' Instrument -—'—
<br />' wh�hcm���pn:���"i�hou law, such
<br />To/hbund/h'"�"�km�o[/hcun�h/ m'»cw«�
<br />^ �m�a»'d,dun�mhc,n�,ddr � ' p"`~=" mn»:oony/m:mmro,uruthe
<br />� 16. Eonv*cr'sCvm. Borrower
<br />�h`xUhcgi veno,ecm'fonnedcqw of the N:tee and o this Security Instrument.
<br />l7. Transfer ^r the Property »'o Beneficial Interest ioBorrower. 7[ all o, any part v[ the Property ,v any
<br />interest in it o sold v, transferred (or i[u beneficial interest in Borrower is sold o,'mx,6,nd and Borrower is not unutv ux person) without Lender's prior written consent, Lender may, at its option, require immediate payment i» full m all sums
<br />secured by this Security lunmnnn/ However, this option dmU not be exercised by L:od: ' cx:�vo is prohibited hx 6aon\]uwmn[thcdut,o['hi,Sezu'ylro/mcnt.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shmUpo~id,u[uriwd mr nn n|es,txuon»dux from the date the notice bdd�,v�do, mailed vithi"wh�h Borrower must pay aU,una�cu�dhx
<br />(his �zv,it/mstmm,n.xBnrmwe,�i`w pay thmr sums prior m the expiration o[ this period, Lender may invoke any
<br />rem,u/es permitted bym�s Security Instrument without further notice or demand onBorrower,
<br />m.mo,mv,,'smirht to Reinstate. /r Borrower meets certain onouiUon^Donuw,,shxUhave the huhtmhave
<br />,n�=cmrnto[ this S,c"hv[nstmmmtui,conhou,du' any hm,pnv,'o the m,|i`,of. (a)5 days (or such other period xs
<br />z»noom, law may specify For reinstatement) before sale o[ the Property
<br />� . nms»u»��^o»vP»v' �[^�|cconmin,�in�hi� �ru'kx|»nmmm��o,W,o/rro[xjvdpmm�mk,�<oX this °="".xsnvm,n . Those conditions are that Borrower:
<br />(u) pays Lender all sums which then would be due under this Security Instrument «ndth"Notehudooacc6rm<kw mzv'red; (b) cures
<br />agreements; (4 pays all expenses incurred
<br />Security Instrument, including. but not limited to, reasonable attorneys' fees; and (d) takes such action as Lender may
<br />reasonably require to assire that tile lien of this Security Instrument, Lender's rights in the Property and Borrower's
<br />Borrower, ..this Security Instrument and the obligations secured hereby shall remain fully effective mi[no acceleration had
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