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If Lender required mortgage uisurunre as a condition of making the Iran srcured by thei Security Instrument,
<br />Harrower shall pay the premiums required to maintain the insurance it c"o:t until such ttme, as the requirement for the
<br />insurance terminates to accordance with Borrower's and Lender's written agreement or applicable law.
<br />8. Inrpeetion. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender
<br />shall give Borrower notice at the 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 part of the Property, or for conseyance 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 eaent of a partial taking of the Property.
<br />unless Borrower and Lender otherwise agree in w riling, 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 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 Property is abandaited bs EIs*rr.?wer, t r if, after notice by Lender to Borrower that the Cotltlltltttor offers to
<br />make air award or settle a claam. fir dam:K4, „ti &Mrowcr fasts to respond to Lender within 30 days after the date the notice is
<br />gisem. Lender is authorized to collect and the pnveeds, at its option, either to restoration or repair of itte Property or
<br />to the sums secured by this Security Instrur•,ent, whether or not ihtm 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 tc in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender 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 ;iota successor in
<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. intett,•si. Any forbearance by i.ender in exercising an.' tiolfit or remedy
<br />shall not be a waiver of or preclude the exercise of any'riftliv er remedy
<br />11. Successors and Assigns Bound; Joint and Several Llabitftty; Co- signers, The covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors a,td•as:Ug s of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joi: r 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
<br />that Borrower's interest in the Property under the terms of this Security instrument: (b) is not personally obligated to pay
<br />the sums secured by this Security Instrument; and (c) agrees that Under ;ind any other u irfaw.cr may agree to, exicud,
<br />modify, foTmr of make any accommodattuns with regard to the terms of thm Secunty instrument or the Note without
<br />that Borrower's consent.
<br />12. Loan Charges. if the loan secured by this Security Instrument is %Ulvo zti 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
<br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall he reduced'by the amount
<br />necessary to reduce the charge to the permitted limit; and (b) any st::n, already collected from i9orrowc`r which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to :Hake this refund by rodu4Nng the principal owed
<br />under the Note or try. making a direct payment to Borrower. if a refund reduces principal, the reduction will be treated as a
<br />partial prepayment without anv; prepayment charge under the Note.
<br />. 13. Legislation AfTeefing Lender's Rights. if enactment or expiration of applicable laws hies 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
<br />permitted by paragraph 19. if Lender exercises the option, Lendershall take the steps specified in the second paragraph of
<br />paragraph 17.
<br />'14. Notices. Any notti: to Borrower provided fi.;r in this See wity Instrument shall be given by delivering it or by
<br />mailing it by first Mass marl unless applicable law requires use Of .; mother method. The notice shall he directed to th.
<br />Property Address, or any other address Ba- r6%%er designates by note a tc, Lender. Any notice to Lender shall be given by
<br />first class mail to Lender's address stated hc:an or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shda, 6c deemed &-'; base been green to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law, Severability, T%is Secur: s Instrument shall he governed by felft al law and the law of the
<br />jurisdiction in which the Property is located. to the event that any provision or clause of ths' Sti:writy Instrument or the
<br />Note conflicts .with applicable law, Such cAAafi'ict shall not affect other provisions of this Sec xrrt4 Instrument or the Note
<br />which earl beg!, ce •.effect w•ithou:r•the conflicting provisi• is To this end the provisions of this Security Inctrument and the
<br />Note'amdeclared ro be severa6ie.
<br />16. 130rrr-wer's Copy. • 'Borrower shall be green one conformed copy of tfie Note and of this Security Instrument.
<br />17. Tritimfeirof the Property or a Beneficial Interest in Borrower. if all or an% part of the Property or any
<br />interest in it is wlihor transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural
<br />person) without Lender's prior written consent. Lender may, at its option, require immediate payment in full of all sums
<br />secured by this Security Instrument. However, thin o_Atio.n shall not he exercised 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 gii, c Borrower notice ofacceleratirnl I'he nriticc shall Prot Idea period
<br />Of not less than 30 days from the date the notice is delivered or maned w ithill which Borrower must pay all sums secured by
<br />this Securfly Instrument. If Borrower fails to pay these sums prior to the expiration of this period, !.ender may nlcokc an_v
<br />remedies permitted by this Security Instrument without further notice or demand on Borrower
<br />18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Horrower shall hats the right io hai,c
<br />enforcement of this Security Instrument discontinued at any rirne prior it, the earlier of (aI s dais for such other period as
<br />applicable law may specify for reinstatement) before sale of the• Property pursuant n• auy p(rwer of sal<<r•ntain, d tit this
<br />Scrurtty instrument. or (h) entry of a judgment enforcing this Security Instrument i hr,se e nn(litioris ,,It. lh it I4, +(rear(
<br />(a) pays lender all sums which then would he due under this Sec•urit� Insirument mw the %f•te had n,• ,&:k r.,tu,n
<br />(.courted (h) cures any default of any other :o�enints or agreements, IL 1 hots ,ill eS pe•nses a ;rurrt•d fr. rt,l••t,Ing (his
<br />Security Instn,rncnt, induding. hill 11(11 linwed n•. teas it, atilt- :flic,rticc, d r,.;t r.rkc s „R't ,I, t1. it ,i, l 1 It, 1, r
<br />rvasnnahly require to assure that the lien „t this Security Insliurnrni 1 , a,l, r' n�h:. , , :t (';
<br />.. .,�•„ r;. .rini li,.rf,•,ti•i .
<br />,hhilau(1t+ t(, i,as the Burns sr•.utcd 611 this ir, t;r: ?% instrume•ut she1;
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