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If Lender required mortgage insurance as a condition of making the loan secured by this SecurX T @Z P
<br />Borrower shall Y n rumen .
<br />pay the premiums required to maintain the insurance in effect unitl such time as the requirement for the
<br />insurance terminates to accordance with Borrower's and Lender's written agreement or applicable law.
<br />9. 110*ecdoe. 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 pnor to an inspection specifying reasonable cause far the inspection.
<br />9. CoMettwtion. 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 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 mithiplied 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 abandoned by Borrower. or if, after notice by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br />given, Lender is authorized to collect and apply the proceeds. at its option, either to restoration or repair of the Profiert) or
<br />to the sums sey ored by this Security Instrument, whether or not then due.
<br />Unless Lender and DEldirrtawer othhemise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly myntents referred to 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 tiMc 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 to interest.
<br />Lender shall not be requited to commence prd><eedings 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 of or preclude the exercise of any right or remedy.
<br />11. Suceesaotn and Assigm Hotrod; Joint and Several Liability; Co- signets. The covenants and agreements of
<br />this Security Instrument shall hind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17 Borrower's covenants and agreements shall beloint and several. Any Borrower whoco -signs this Stcurit}
<br />trisirument but does not execute the Note: (a) is oo- signing this Security Instrument only to mortgage; grant and convey
<br />-than Borrower's interest in the Property under the terms of this Security Instrument. (b) is not personally obligated to pay
<br />the sums wured by this Security instrument, and (c) atrees 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 or the Not without
<br />that aa.C,i�vwiC� i17VpSCtt1. .
<br />12. lose tAarges. If the loan secured by this Security Inctrlim. -Mt is sub,�t to a la:: which xis ineximum 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 hun charge shall be reduced by the amount
<br />necessary to reduce thr. Charge to the permitted limit, and (b) any sums already collected from Borrower which exceeded
<br />permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br />under the Note or by making's direct payment to Borrower if a refund reduces principal, the reduction will be treatedasa
<br />partial prepayment without any prepayment charge under the Note.
<br />13, LegWatioa Affecting Lender's Rights. If enactment or expiration of applicable laws'has the et%ect 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 this option. Lender shall take the steps specified in the second paragraph of
<br />Paragraph IT
<br />14. Notices. Any notice to Bcterower provided for in this Security instrument shall be given by delivering it or by
<br />mailing it by first class marl 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 maid to Lender's.address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Securtity Instrument shall be deeMed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />is. C40tesing Low; Seve#>f bdi y. This Security Instnutserit shall be governed' hy, federal law and the law of the
<br />jurisdiction err which the. Property is.lrocated. In the event that'any provision or claw6cof iris Security Instrumenl- (3r the
<br />'Note conflicts with applicable law, such conflict shall not affect other provisions of thif'Ser;urtty Irixarument or the Note
<br />Which can be given e3foct:witi out the conflicting provision. To this ends the prwisions of rlxis,& i:tima Instrument and the
<br />..i°~l pre are declared to be severable.
<br />1 Borrower's Copy E.)rj awcr shall be given one contbrmed' wiles b'f the Novc;kadaf't6* security Instrisment.
<br />LT. .Trandetr t if the Propertp, ors Beneficial Interest is Borrower,. -.If all or axr.y -part of -tbt, Property or- any
<br />interest in it is sold or transferred (or if beneficial interest in Borrower is sold: or transferred and Borrower is not a tiat'idral
<br />person) without Lender's prior written consent. Lender may. at its option. require immediate payn•ii ar, jYa full of.a17isdxtns
<br />secured by this Security instrument. However, this option shall not be exercised by Lender if exercise is prehilsvt:rld by
<br />federal law as of the date of this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration The notice sAa)1 provide a penod
<br />of not less than 30days from thedate the notice is delivered or (nailed within which Borrower must [%ty,& it sums secured by
<br />this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this pendxi, 1_drtder may Invoke any
<br />remedies permitted by this Security instrument without further notice or demand ern Borr(rwcr
<br />lfl. Borrower's Rigbt to Reiiastate. If Borrower meet& certain conditions. Borrower shall have the right to have
<br />enforcement of this Security instrument discontinued at any time prior to the earlier of (a) 5 days (or such other pern rd as
<br />applicable law may specify for reinstatement► before sale of the Property pursuant to anv priwer of sale contained in the%
<br />Setunt) Instrument, or (b) entry of a judgment enforcing this Security Instrument 7 hole conditions ate that &crr(,wcr
<br />i.. Is) pays Lender all sums which then would be due under this Security Instrument and the Note had no acceleration
<br />(recurred. (W cures any default of any other covenants or agreements. (ct pay~ all expenses incurred in enforcing this
<br />Seaurrty Insirurnent. including, but not limited u.. reasonable attorney,.' fees and td) take-% such action a% I ender tna.
<br />reauinaMy require tai assure that the lien (,f this Security instrument. i ender % rights ni the Proper7) and Htgf(, scr %
<br />+(thltgag"m to pay the sums secured by this ties urtiy Instrument shall cn::tinur (irrchar: 1 !' reintits...;r:;ty by
<br />&.1itt,wirr, this Security Instrument and it,e (•hltgatr.r( %seeure(t hrrehy shay ;rr.ra,r. fully cffr�rnr a t�'t r,•• i,.(ei: rn:r m n.r„
<br />r, Burred iif- rr,Pr. thi% right to reinstate %hall tl„t apple rn the c a"+/.' e,n(j jk9tAkra j
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