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<br />If Lendt:r required mortgage nisurance a% a condition of making the loan secured by is Securily instrument.
<br />Aorrv%q# dull. pate the premiums required to maintain the insurance in effect until such time as the requtcement for the
<br />uisuran;c tCrUunatCs to accordance with Horrovver's and Lender's nritten agreement or applicable law.
<br />F. -Inspection. Lender or its agent may make reasonable entries upon and inspections of the Preperiy. Lender
<br />shall krivc Borhswer notice at the time of or prior to an inspection specifying reawmabic cause for the inspection.
<br />9. Condemnilt(on, The prtx ced% of any award or claim for damages, direct or consequential, in connection with
<br />any condemnation, or tither taking of any part of the Property, or for conveyance in lieu of condemnation, are hereby
<br />assigned and shall ht: 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 -tu.riis sctiured by this Security Instrument shall be reduced by
<br />the amount of the proceeds multiplied by the following frazvmi, (ail the total amount of the sums secured immediately
<br />before the taking, divided by (b) the fair market value of the &'Fad r•Ca immediately before the taking. Any balance shall be
<br />paid to Borrower.
<br />if the Property is abandoned by Borrower, or i!. aPteT uotwv by Lender to Borrower that the condemnor offers to
<br />make an award or settle a claim for damages. Borrower fat's to respisT 1 to Lender within 30 days after the date the notice is
<br />given. Lender is authorized to collect and apply the proceeds, at its t irtion, either to restoration or repair of the Property or
<br />to the sums secured by this Security instrument, whether or not 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 ar change the amount of such payments.
<br />10. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the'time for payment er..
<br />modification of amortization of the sums secured by this Security Instrument granted by lender to any successor itt.
<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 he 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 lnslrumcnt by reason of any demand made'
<br />by the original Borrower or Borrower's successors in interest. Am forhearance 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. Successors and Assigns Bound; .Joint and Several Liability; Co- signers. The covenants and agreement:: vr'
<br />this Security Instrument shall bind and benefit the successors and assigns of lender and Borrower, subject tv� the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint 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 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 Note without
<br />that Borrower's consent.
<br />12. Loan Us argil. If tike loam secured by fills Set.urity Imtrumc•nt is subject it, a law which .ens maxuuurn 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. theii: (a) any such loan charge shall he reduced by the amount
<br />necessary to reduce the 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 a direct payment to Borrower. If a refund reduces principal. the reduction will be treated as a
<br />partial prepayment without any prepayment charge under 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 Note or ihi% 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. Under exercises this option. Lender shall take the sti:ps specified in the second paragraph of
<br />paragraph 17.
<br />14. Notices. Any notice to Borr6w'er provided for in this Security instrument shall be giv en by delivering it or by
<br />mailing it by first class mail us;�ss applicable law requires use of another method. The notice shall be directed to the
<br />Property Address or any other,zddress Borrower dc-si3nates by notice to Lender. Any notice to Lender shall he given by
<br />first.; ;A iss mail to Lender's address stated herein or any .ther address Lender desig*lates by notice to Borraix,cr: Any notice
<br />provided for in this Security Instrument shall be deemiti r ter[ have been gs%eru r[.r Horrower or Lender when gii cm as Provided
<br />in this paragraph.
<br />15. Governing Law; Severability. This'Security Instrumenu s'L,?_ ,tic governed by federal law and the WT. or !-lie
<br />jurisdiction in which the Property is located.'Lei the event that any or clause of this Security Instrurnenvor the
<br />Note conflicts with applicable law+, such conflict shall; not affect other'pr6vistons of this Security Instrumenit. or the Note
<br />afO ,rh can he given effect wrrhou:t; the conflicting pra,4si:,.1n To this e.nnd the provisions of this Security Instrument and the
<br />l x are declared. to be sc :c rabfe:
<br />16. Borrower's Copy. Borrowensl'W'I. be given one conformed copy of the Note and of this Security Instrument.
<br />17. Transfer of the Property or a Beneficial interest in Burrower. If all or any part of the Property or any
<br />interest in it is sold or transferred (or if a beneficial interest to Borrower is sold or transferred and Borrower is not a natural
<br />person) without iender's prior written consent. lender may. at its option. require immediate payment in full of all sums
<br />secured by this Security instrument. However, this option shall not he exercised by Ixnder if exercise is prohibited by
<br />federal law as of the date of this Security Instrument
<br />If I.cnder exercises this option. Lender shall give Borrower notice of acceleration Tlle:r,iolice ,hall provide if period
<br />of not less than 30days from the date the notice i%delivered or mailed within which Horroucr roust pay all sums secured by
<br />this Security Instrument If Borrower fails to pay these sums prior to the expiration of this period. Lender may rmokc any
<br />remedies permitted by fill%Sec:urity Instrument without further notice or demand on Horrovf cr
<br />18. Borrower's Right to Reinstate. If Borrower meets certain ondurr +its. Borrower shall hasc the right to have
<br />ctiffimement of this4ecuruy ln%trumcni discontinued at an} tunic prior tt: the earlier A lay 5d.iys tirr such other period a,
<br />appltcahle h%4 may specify for reitistatenient) heft :re sale of the 1'r(tperty rursu :riot to any puwcr t -1 sale contained in this
<br />4icurm. lworuincni or th) entry of a judgment enfonmg this Security in,iiurnent 1 ht •,c a+txtrtww, arc that liorroucr
<br />tai tags I critter .ill Burn% which then would he due under this Security Instrument .,rid the %(alv had no er,cicrarton
<br />+c4urrr•ij tilt %. Uri-' .ivy ,lefault of arty other ctnci+ants or •lgrc•cnic•nt% tL) rays all ('-At cn.r, lilt fit Wit tit cliff it tilt,
<br />Srcuriis rrnricnt. )n,lui.tinft. he it not limned t.., rcesotwhic .ittt[ineys tce•s "%,I tilt take•, out I+ it fw:t as 1 mdse fit -I
<br />+ra, :tahl, tcquitc• t:+.issuir r.Fi.11 iht• lien [ +f fire Is(,.u!tly Instrtirrtrnt. 1 rite {.r's rt{:h•. tr. flit- I'r. t +rriv .i,:tt fitter •wee',
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