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<br />102398.1
<br />if Lender rrtlutw -J mortgage insurance as a condition of making the loan secured by this Security•linitument,
<br />Borrower shall pay this premiums required to maintain the insurance in effect until such time as the requirt.-moutiMr the
<br />iiisurance terminates in.secordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Pnctperty: lender
<br />shall give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection..
<br />9. Condetnnntion. The proceeds of any award or claim for damages, direct or consequential ,.in.cunnrction,with
<br />any condemnation or other taking of any part of the Property, or for conveyance in lieu of condemnrttinn,,am hereby
<br />assigned and shall be paid to Lender.
<br />In the evenh of a total taking of the Property, the proceeds shall be applied to the sums secured:by, this; Smritu
<br />Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of Ilia Pmpoyj,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduardil y,
<br />the amount of the proceeds multiplied by the following fraction: (a) the total amount of the sums secured•imTordikely
<br />before the taking, divided by(b) the fair market value of the Property immediately before the taking. Any bolt ricislihll be
<br />paid to Borrower.
<br />If the Properly is. abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor, aftis to
<br />make an award or settle; cU- r1) for damages. Borrower fails to respond to Lender within 30 days after the date: tl1ii iiitice is
<br />given, Lender is authorizesitt collect and apply the proceeds, at its option, either to restoration or reptair•of the PtttarAerty or
<br />to thesurnssecured by this Security Instrument, whether or not then due.
<br />Unless I ruder and Borrower otherwise agree it -writing, any application of proceeds to principal Mall' n(tt -,extend or
<br />postpone the due slate of the monthly payments refer m-1 to in paragraphs 1 and 2 or change the amount orsuoh,payments.
<br />10., Borrower Not Released; Forbearance'i3w Lender Not a Waiver. Extension of the time for payment or
<br />modification-of amortization of the sums securest £his Security Instrument granted by Lender to in
<br />any successor
<br />interest of Borrower shall net operate to release the Eilnlity of the original Borrower or Borrower's successors in interest.
<br />Lender shalllnot be requir t i.ro commence proceWt-4s against any successor in interest or refuse to extend time for
<br />paymenr:onothem*sz -,-,Ieiifr amortization of the sc =mss secured by this Security Instrument by reason ofany demand made
<br />by thooriginal Scanuu._Ixor Borrowees successors in t:cwrest. Any forbearance by Lender in exercising any right or remedy
<br />shallznat be a waiver6Ycrlixeclude the exercise of any right or remedy.
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants aze,: agreements of
<br />thfi S6curity Instrument shall bind and benefit the suzee -mrs and assigns of Lender and Borrower,
<br />sub?zzL tothe provisions
<br />ofpamgraph lT_ Borrowers covenants a.-,Ad agreements shall be jcint and several. Any Borrower who ec'-A-ln:a this Security
<br />Instrument but: does not execute the Note: (a) is co- signing this S=-rity Instrument only to mortgage; gmriz and cemvey
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<br />that. acirrowees interest in the Property under the terms of this Security Instrument; (b) is not personally Cb2gated to pay
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<br />the- stuns secured by this Security Instrument; and (c) agrees that Lender and any other Borrower rr_ar agree to extend.
<br />mod-0 , forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />J2. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
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<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 a-cced the permitted limits, then: (a) any such loan charge shall be reduced by the amount
<br />necessary to reduce the clLt:!,gp- to the permitted limit,;v7d (b) any sums already collected from Borrower which exceeded
<br />permitted limits swift be,ei.7.4-?ded to Borrower. Lender may chowse to make this refund by reducing the principal owed
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<br />under the Note achy making a direct tom, V nt to Borrewer. If a ret'-c;ad reduces principal, cne rlvduction will be treated as a
<br />partial prepayment without any prepayt,,T&nt charge under the Note. s
<br />13. Legislation Affecting Lender's Rights. . ;tf 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 ail sums secured by this Security Instrument and may invoke any remedies
<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. Noiralts. Ary r_ctice to Borrower providmi' for in this Security ?rs r'rument shall be given b ; , : ;Airing it or by
<br />mailing it by first 2ias)s ma: 1• unless applicable law rnqaires use of another raahod. The `te
<br />notice shall directed to the
<br />Property Addres =.,rr s_rty :,s ter address Borrower designates by rcP tie to [.:rider. Any notice to Lender shall he given by
<br />first class mail t,� E.4nnder's address stated herein or any other addre s E Cnder designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument �h ash be deemed to have been given rd R- Trower or Lender •,Offer vj!g yen as provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This Securil'y Instrument Shall he g,,+erncd by federal law „r_;; the law of the
<br />jurisdiction in which the Property is located. In the event that any provision or clause of t h:', Security Instrument or the
<br />Note conflicts with applicable law, such,;Airmict shall not affect other provisions of this Security Instrument or the Rite
<br />which can be gi-ien effect without: the cc-MT! sting provision. To this end the provisions of this Security Instrument and, the
<br />Note are declar:h,tobe severable.
<br />16. Bortower's C ipy. Borrower :hall be given one conformed copy of the Note and of this Security Instrument,
<br />17. Transfer of the Property or a: Beneficial Interest in Borrower. If all or any part of the Property or any
<br />interest in it is s{ ;iii or transferred (or if a hevzlicial interest in Borrower is sold or transferred a, Borrower is not a natural
<br />Person) without Lender's prior written citim -ent, Lender may, at its option, require immediate payment in full of :111 Sum',
<br />secured by thi,;, curity Instrument. fr{,,vt,:uer, this option shall not be exercised by L(iii1 r if exercise is prohibited by
<br />federal law as cifhe date of this Security lnv ument.
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<br />If Lender exercises this option, Liat+ie; shall give Borrower notice of acceleration. The notice shall provide a period
<br />of not less than "ill-,days, from the date the hrts'ce is delivered or mailed within which Ullr•rflwer must pay all,ums secured by
<br />this Security Instrument. If Borrower fans to pay these sums prior to the expiration of this period. fender may invoke any
<br />remedies permitted by this Security instrument without further
<br />notice or demand on BorroNCr.
<br />10. Burrowees I � t to Reinstate. It iorrower meets certain.::c;;tdltlrn7,. 13ulnnvrr',haii heave the right to have
<br />enforcement of this Security Instrument discontinued
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<br />at any time prior to the earlier of (a) a day', for such other period as
<br />applicable law may ipecif) for reinstatement) hefore bale of the Pr,g7erty pur runt to any of in
<br />power sale c! niallicd thi',
<br />Security Instrument: or Ib) entry of a)udgrnent enforcing this Security iwtrtiment. 'fhow cotndrtron% are that Porrower
<br />(a)-pays tender all ,ums which then would he due under this Secunty Iriorununt and the ~tote had rru ai ccler:lttou
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<br />occurred; (hi cures anz default cif any other covenants or agreement ',. (cl pay', all expen %cs Incurred m enteire mk rill',
<br />Security In %trunlcnt. Including. but not hunted t1), reau7nable
<br />attorney%' fee',. and fdI rekcs %uitr .Irrintl :r% Lender rn.ts
<br />reau,nahly reyulre tr. assure: that the hen cif t1w, Security Insiluillel) , i _•rider'- nzhr. In th7: 11niperty :Ind itt,ll,7l�er'�
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<br />fibllp atltlrl tf fla:. file ,rr, �efrc• by tht 4e,;orlty In�trunlcnt ',h.1II Enntuu1, uu.h.tu�:rd l', -.,,1 Ietel� :.r!r,trrnr t"
<br />li+lrro,ttfr. roil', Ve�,Itlt4' Iliitr11filol1 alld the 1)11119,11 It Mk i otetl ficrchv 01.dl rvin'111t 1010. f-If('_ rIL; ;IS !1 I :ti 7, . ,'lt'1,111Ettl i,,I:l
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<br />.�.0 Llf sell ll,.bteker, rill'. !1F :lit 1!t rt irls? t!"h ll r:,,r Hp17lG lit rllt- i •IBC,•( d. _!')c'i �tla ul !:ueL•! 1. „ yr -v„h, 7 1 : . 7
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