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�9-- 102717
<br />If Lender required mortgage insurance as a condition of making the loan Secured by this Secuem Instrument,
<br />Iornmer %hall pay the prcrniums required it% maintain the insurance in effect until Such tutu as the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written agreement or appitcable law.
<br />R. inspection, Lender or it+ agent may make reasonable entries upon and tnspections of the Property. Lender
<br />shall Rive Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />4. Condemnation. The proceed% of 3n% award or claim for damages, direct or consequential, tit connection with
<br />any condemnation or tither taking of any part of the Property, or for cortveyan, a to 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 t`te applted tcv the sums secured by this Security
<br />Vmtrwnent, whether or nor then due, with any excess paid tr Horrowcc. In the event of a partial taking of the Property-,
<br />unless Borrower and Lender otherwise agree in writing, the sums secured ;s. This Se curet} Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the foltowine fraction (alt the tit'%Ai amount tti the sums secured immediately
<br />twCo e the taking, di%ided by (h) the fair market value of the Property wrnmedtatrrty hefow the raking- Any balance shall be
<br />paid to Borrower.
<br />If the Property is abandoned by hornmer, or if. after notice by Lcn,& , tv Hortower that the condemnor offiers to
<br />maatce an award or settle a claim for damages. Btircewv�.fails to re%ponci to Lckidex wtlhm 0 days after rihr date the notice is
<br />gtcen. Lender is authorured to collect and apply the proceeds. at its option, erthrr t(+ ra•.slot�a:►on or repair of the Property or
<br />to the sums secured by this Security Ins�nirngnt, whether or not then due.
<br />Unless Lender and Borrower oibcr%ise agree in writing, any application of prmceds io principal shall not extend or
<br />postpone the due date of the monthly payments re-ferzed to in paragraphs 1 and 2 or change the amount of such payments.
<br />10. Borrower Not Released. Forbearance By Lender Not a «giver, 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 liability of the .*original Borrower or Borrower's successors in interest.
<br />Lender shall not be required to commence proceeding% againrr. ,an%. successor in interest or refuse to extend time for
<br />payment or Otherwise modif% amortization of the sums secured tii rhi% Securgtty Instrument by reason of any demand inade
<br />by the onginai Borrower or Borrower'% succ.e%%m& acv nnterc %t Any fmbearai:ce hi Lender in exercr%in ' :aru3 right or remedy
<br />shall not be a waiver of or �+wlude the exercise of .aay' right or remedy
<br />11. Successors and .Assigns Bound, Joint and Several I.iability: Co- wigtners. The covenants and agreements of
<br />I his Security Instrument shall bind and bwt rfit the %ucc-'esior% and a%%igns of Lender and Borrow er, subject to the provisions
<br />of paragraph 17 Borrower's covenant's and agreements shall be point and sc%eraa<5. Any Borrower who co -signs this Security
<br />Itnstrumem but does not a tecule the Itiote. (a) is cNo-sigmng this Security Invtlrament tint) to mortgage, grant and convey
<br />chat Borrower's interest in the Property under the term%of this Security Imirament. (b) I% not personally obligated to pay
<br />thr,%-umv secured by this Security lnstrumeni, and (e) agrees that Lender aria any vither itnrrt%w.,r ma, 2gree tv ex:e:t'.,
<br />moieify, lort►ear or make any accommodations with regard to the turns of this Sccunty tnstniment ur the Nutt. av,rhnut
<br />that liorrower'sconsent
<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 I% finally interpreted so that the interest or other t(a)n charge% collected or to be collected in
<br />connection with the Inan 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 (h) any .um,, already collected fhtrn Borrower which exceeded
<br />permitted linlih will he refunded to Borrower Lender may chotisr to make this refund' by reducing the principal owed
<br />under the Note or by making a direct payment to Borrower If a refund reduces principal, the reduction will be treated a% a
<br />pzrttial prepayment without any prepayment charge under the Note.
<br />13. Legislation Affecting Lender's Rights. If enactment fir evpirae °ton of applicable laws has the effect of
<br />rendering any provision of the Note or this Security Instrument unenforceahle aveording tort% term%. Lender, at its option,
<br />may require immediate payment ui full of all %um% Secured by fho. Security instrument and may int :eke any remedies permitted by paragraph IQ. if Lender everci%o, this frptoin. binder shall take the Step% specified in the, t' jrid paragraph of
<br />paragraph 17
<br />14. Notices. Any notice to Borrower prov ided for to this Security tr�trument shall he given N%i d'cimering it or by
<br />mailing it by first class mail unless appfLcable law require% use fit another method. This fag °,•tree shall he directed to the
<br />Property Address or any other address {itirrnwer dc%wriate% by notice to Lender Any nf,itic -e I(-% Lender %hail be given by
<br />first class mail to Lender's addre%s %tatr,Y herein or any other addrts% Lender tfa�iunatf:%hv ntitice to Bnrrnwer Any notice
<br />provided for in this Securit}• Im-1 :rument shall ht- dc� lied to hays hct:rt g►v en fei lilirrovver or [.ender % fieri given a% provided
<br />In thi.% paragraph.
<br />15. Governing l.aw;'Severability. •l his Srcunty Instrmnew shall He governed hy, federal lavv,and the.law of the
<br />luriaitrctti�at in which the Property Is located In the event that any provision or c•lau%c taf'Ihis Secuti,q Instrument or the
<br />Note cUnflifa:s :Willi Applicable law, such conflict shall not affect other provision% of INN Security jnstrtYrricnt 'nr the idi►te
<br />wl5icl? can be gltrn efG t t without the confltcttnR provision ft, this end file protii -oom nf'thr% Secum v hisfiurrient and the
<br />%'' ;'lie arc declared fu fie seir fable .
<br />16. 86rrower's Copy: Borrower %hall he (Liven one cf informed core :of the Note and of this Security Instrument
<br />17, •Trartster of the Property or a Beneficial Interest in Borrower. Ii all-or any part of the Property or any
<br />interest in ft is Sold or iransfurred (or ►fa beneficial interest in Horrnwcr is %old ortran4erred and Botroaer is not a natural
<br />person) vvrthout Lender's prior w ritirn 4omsfrnt. Lender Ina :, at its option, reyutre immediate payment in full of all sums
<br />'secured by this Security Instrument Hov%ever. the% ophnn %hall n +It he cxcrt:i%ed by I ender if exercise i% prohibited h%
<br />federal law as of the date (ifIlii% Srcunty' lmtrument
<br />If l.ctider exercises this oprion. l cnofer .hall glue Bonnier n,•tt.: nfacccicratioti the nnur. %bolt lnrrvnl< :f per,,.(i
<br />if not less than 10 days from the date the notice rs dchvertd It! rmtftcrl u %thin w hit. h itorrfrwcr tnu%i pay all %urns sc• %urcd h%
<br />this Se. urity Instrument if Borrower fail% to pay these %urr►% hrv,f 1, r the t• %piratiim of till% period. It older ru,ty tit �ftwf•,ur%
<br />rt - %wire %permitted by this Security Instrument v%ithout further of 1tnf' -rr dviiiand on If art, mer
<br />1(1. Rnrrower's Right tai iteinstate. If Bouvier nfc'r't %,cminf %r,tidrtn,m. Ili rrrnuer ,h.tll h.f c the tight oft base
<br />tnft'r%crncf.? „f tht-. only Inoruntrtlt t.1- %cnuFaautff at any ffrt,- rrf •r If, thf'r.frlfet ftf f;tl a dx.%1,a %uo h t•Ihcr pertrt,l.f%
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