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<br />If Lender required mortgage, insurance as a condition of making the loan secured by this Security Instrument, .
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<br />Borrower shall Pity the "nu.utM.regnfred to maintain the utsix ance in effect until such time as the requirement,for the
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<br />'insurance terminates in accordange with. Borrower's and Lender's written agreement or applicable law.
<br />8.. -IMMC O. Lender or its agent may make reasonable entries upon and inspections of the Property. Leader
<br />shall give Borrower notice at the time ofor prior to an inspection specifying reasonable cause for the inspection.
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<br />9: C•atiatit-ifloa. The proceeds of any award or claim for damages; direct or consequential. in connection with
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<br />— -any motion or other taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
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<br />issiVwd and shall l)e paid tolertder.
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<br />In tbde= eYent_o a total taking of dte.lProperty, flit proceeds shalt be_applied to the epos secured by this Security
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<br />Instrument, whether or nor, then due, with excess paid to Boriowenln the event of a partial taking of the Property.
<br />unless Borrower aril Bender 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) the total amount of the sums secured immediately
<br />before the takin& divided by (b) the fair mark_ et valueof the:,Property immediately before the taking. Any balance shall be
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<br />paid to Borrower.,,
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<br />If the Property is abandoned by. Beesower, or if, after notice by Lender to Borrower that the condemnor offers to
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<br />make an award or settle a claim for damages, Borrower faits to respond to Lender within 30 days after the date the notice is
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<br />- - .given,.Lett<der isauthorized tocollect and apply the proceeds, at its option, either:to restoration orrepairathe Property-or
<br />to the sums secured by this Security Instrument, whether or not then ,due. .
<br />Unless lender acid Borrower otherwise agree in writing, ant application of proceeds to principal shall not extend or
<br />postpone the due date of the monthsj payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10 Borrower Not RelessaL Forbearance By Lender Not a Waiver. Extension of the time for paymen or
<br />modification of amortization of the sums secured by this Security -Instrument granted by Lender to any successor in
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<br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for
<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 not be a waiver ofor preclude the exercise of any right or remedy.
<br />11. Saeceasorn and Asstigus Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br />this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
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<br />of paragraph 17. Borrower's covenants and agreements shall be joint 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
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<br />that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay
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<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 o_• the Note without
<br />that Borrower's consent.
<br />1X Lout Charms. 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
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<br />connection with the loan exceed the permitted limits, them (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
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<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
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<br />under 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 without any prepayment charge under the Note.
<br />I& Le*jAtba ARtetieg Leader's Rigbts. If enactment or expiration of applicable 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 />may require immediate payment in ,full of all sums - secured by this Security instrument and may invoke any remedies
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<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 />14. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by
<br />mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated herein or any other address Leader designates by notice to Borrower. Any notice
<br />provided for in this Security instrument 'shall be deemed to have been given to Borrower or I.ender when given as provided
<br />in this paragraph.
<br />13. Governing Late; Sevetability. This Security Instrument shall he 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
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<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 Note and of this Security Instrument.
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<br />17. Transfer of the Property ors Beneficial Interest in Borrower. if all or any part of the Property or any
<br />interest in it is, sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior wtitten consent, Lender may, at its option, require ienntedcue payment in full of all sutns
<br />secured by this Security instrument. However, this option shall not he exvur i:ed by Lender if exercise is prohibited by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option. Lender shall gic c Bortmier notice of acceleration. •1"he notice shall provide a period
<br />of not less than 30days From the date the notice is delivered or matted within ~which Norrower muet pay all sums secured by
<br />this Security Instrument. If Ikirrower fails to pay these sums prior to the exptrattEm of this period, Lender may invoke any
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<br />1O. Borrower's Kight to Reinstate. If Borrower meets certain conditions. Norrower shall have the right to have
<br />enforcement (if this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other penod as
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<br />applicable law may specify for reinstatement) before sale of the Property pursuant to any power of %ale contained in this
<br />Security Instrument; or (b) entry of a judgment enforcing this Security instrument shine conditions are that Borrower
<br />(a) pays Lender all sums which then would he due under this Security instrument and the Note had no acceleration
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<br />occurred, (h),cures any default of any other cotenants or agreements, to pays all expew -o, Incurred in enforcing this
<br />Security Instrument, including, but not limited to, reasonable attotneys fee's, and (d1 take% such action as I -ender Wray
<br />reasonably require to assure that the lien of this Security Instrument. Lender`s rights to site Property and rimrower`%
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<br />obli ation to ay the cum% wcurcd by this Security Intttunlent '+hall Colluiltie nncli;llt ed I' ' Poll renloateltielit b
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<br />Qotrowet, thi %Security in4ttunient and the obligatrnic4 secured hereby 4hall tcrostin fully cffe,.1iw a,, !f tics acceicralloll had
<br />v ►rcutted. lflowe�er: thi% tight to reltiytate shall uc,t apply m the c.a,c ref ac k-det alto c under t .cncF,ral +b; 1 .r ter 17
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