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<br />8 ... 102643
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall pair the prertuumi required to maintain the insurance in effect until such time as the requirement for the
<br />insutaiuce terminat" fn aecoMance with Borrower's and Lender's written agreement or applicable law.
<br />S. ingeet1ot1.` 'Lender or its agent may make reasonable entries upon and iuspections of the Property. lender
<br />,,Mill Ove Borrower s'>'atiii lithe time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation or other taking of any pan of 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 due, with any excess paid to Borrower. 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) the total amount of the sums secured imm(!d1rcply
<br />before the taking, divided by N the fair market value of the Property immediately before the taking. Any balance shst'44 ble
<br />paid to Borrower
<br />If the Properly is abandoned by Borrower.. cr if. after' notice by Lender to Borrower that the condemnor a`l"ery [� .
<br />make an award or settle a claim for damages. Borrower fails to respond to Lender within 30 days after the date the ncmcv 6,
<br />given. Lender i%authonied to collect and apply the proceeds, at its option, either to restoration or repair of the Prope.1 or
<br />to the sums secured by this Security Instrument, whether or r ol'then due
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released. Forbearance By i.ender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums. secured by this Security Instrument granted by Lender to any successor in
<br />interest of Borrower shall not operate to release the habihit of the original Borrower or Borrower's successors tit interest.
<br />Lender shall not be required to commence proceedings ag.imst. aw, iucces%or in interest or refuse to extend trine for
<br />payment or otherwise modify amortization of the sums secured by finis Security Instrument by reason of any demand made
<br />by the original Borrower or Borrower's successors in interest Any forbeara -icr br I. ender in exercising any right or remedy
<br />siiali rot be a waiver of yr preclude the exercise of any right or remedy.
<br />I1. Successors and Assigns Beiund; Joint and Several Usbillty; Co-signers. The co%cnants and agrwrrietzts of
<br />thts, Secunzy Instrument shall bind and benefit the successors and amigns of Lender and Borrower, subject to the pn?visions
<br />of paragraph 17 Borrower's covenants and agreemetits ;hall be joint and several Any &irrower who co-signs this Sea: unty
<br />Instrument but does not execute the Note (a) is ce- itgning this Security instrument only to mortgage, grant and convey
<br />that Borrower's interest in the Property under the tet'ms. 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 />modifv. 2omoeaar or make any accommorlat ions with regard to the terms of this secunty Instrument or the Note without
<br />_
<br />that Aorrew.er's consent
<br />12. Loan Chstryges. if the Is. ?ati secured by this Security Instrument.. is subject to a law which sets maximum loan
<br />charge~, and that law >s finally inwirireted so that the interest or vt.icr scan charges collected or to be collected in
<br />w
<br />connection with the loan exceed the permitted limits. then (ai any such loan charge shall be reduced by the amount
<br />necessary to reduce the charge to the permitted limit, and (bp amp- sums already collected from Borrower which exceeded
<br />permitted limit% will be refunded to Borrower Lender may i.h,:ose to intake this refund by reducing the principal owed
<br />under the Note or by making a direct payment to 51rrow•er li a refund reduces principal, the reducttun will be treated as a
<br />partial prepayment without any prepayment charge ❑rider the Note
<br />13. Legislation Affecting Lender's Rights. if enactment or expiration of applicable laws has the effect of
<br />rendering any provision of the date or rh..0 Security Instrument unenforceable according to its terms, Lender, at its opt ion.
<br />'A
<br />may require immediate payment in full of all sums secured by this Security Instrument and may any remedies
<br />}'
<br />invoke
<br />permitted by paragraph 19 If Lender exercises this option. Leader shall take the steps specified in the second paragraph of
<br />;
<br />paragraph 17
<br />14. Notices. Any notice to Borrower provided for in this Sec unty 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 direcred' io the
<br />Property Address or any other address Borrower designates•b} notice to Lender Am notice to lender shall begzven by
<br />first class mml to Lender's address stated herein or any other address lender designate,, by notice to &irrawer. Any notice
<br />provided for in this Security Instrument shall be der. -med to have been g►sen to Borrower or Lender w hen-given as provided
<br />in this paragraph
<br />15. Cryrerning Law; Seterability. This Security Instrument shall be governed by federal law and the laver 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 applirable law, such conflict shall net atfea other provisions of this Security instrument or the Note
<br />which can be given effer-'t without the conflicting pri?Osion. 7c, 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 g,%en one ccnformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial Interest in Borrower. If all �,r any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest in Wrrower is %old or transferred and Wrrower is not a natural
<br />person) without Lender's prior written consent. Lender may. at its option. require immediate payment in full of all surns
<br />secured by this Securty Instrument. However, this option shall not be exercised by Lender if exercise 1s prohibited b)
<br />federal law as of the date of this Security Instrument
<br />If Lender exercises this option. Lender shall give Borrower notice of acceleration 1 he notice shall pro,-idea period
<br />of not less than 30 days from the date the notice is delivered or mailed within w lush Burrower must pay all sums secured by
<br />this Sec uraty Instrument If Borrower fails to pay these sums prior to the expiration of this period. Lender may invoke
<br />erricdtri (teynitted by this Security Instrument without further notice or demand f•n Iinrrr,wcr
<br />18. Borrower's Right to Reinstate. if horrower meets certain conditions. hot rower shall have the right to have•
<br />enforcement ofthis Security Instrument discontinued at any time prior to the earlier of (a) r, days. (,,r such other perturd P.
<br />try
<br />apt�iicable law may specify for reinstatementi before sale of the Property pursuant to anv l>.)wer of sale ..ruitained iti this
<br />purity Instrument. or (h) ent *v ref a N'tI
<br />y
<br />aG
<br />judgment enforcing this Sit unity Instrument I hose crrnditifm% art, that ,v.er
<br />I'll pats. I ender all sums which then would he due under this Seenrtt it had rtt. alLelerdti,•Il
<br />y lnatrumerit and the ti;
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<br />.c.t,rred. chi cures any default r,: an,, other iolcnants or Sgreerrrents is.! pas% ail cxprn%cs incurte-d iu vil" icing this
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<br />5fcurU. Imirument in�ludinp ha► runt limited to. reas:,riahlie aft: ;;a,gti tci% <rnu fd; rahl-S I+!, h ak 114•11 as t rurlrr r. <iti
<br />fir
<br />cesrai �:v r ,�qulrr tr+ assure that the lien If this wr.inry lr!•,tr•1rF!Vrt l • -c•r • 1 •Rrr !tr rti c ,,... +r.• an Y ii.•itc errs
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<br />••r>hita!r•n C, - uN, The sums secured by ibis sP_
<br />f unh Iri:Irrtrnrni tF,t1, , r.....p. ur., her:Y•'.t t 1. — ',i t.ltCIII t +• >
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