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<br />ga.- -10�148
<br />If Lender required mortgage insrs+ance as a condition of making the loan secured by this Security Instrument,
<br />'- Borrower shall pay -the Ovemiurns, required to-maintain the insurance in effect, until such time as the requirement for tine.
<br />insurance terminates in accordance with Borroweesand Leader's written agreement or applicable la*.,
<br />8. Inspection. Lender or its not may crake reasonable entries upon and inspections of the .Property. Lender.
<br />shad give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection.
<br />9 1 • The proceeds of any award or claim fordamages, 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 tot. tAing of the Property, the proceeds shall be applied to the sutras 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 immediately
<br />before the taking, divided by (b) the fair market value of the Property itnmedfately befoie the taking. Any balance shall be
<br />paid to Borrower If the,Property is abandoned by Borrower, or it, 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, Leader is authorized to collect and apply the proceeds, at its option, 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 m writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of such payments.
<br />10. Borrower Not Rdemm* Forbearance By Leader 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 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 />i by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />- -- - -- oar o e -rmshll n aevo— rcTertorl edy: - --
<br />11. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of
<br />this Security instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions
<br />of paragraph 17. Borrower's covenants and agreements shall be joint and several. Any Borrower who cosigns 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, forbedr or make any accommodations with regard to the terms of this Security Instrument or the Note without
<br />that Borrower's consent.
<br />12, Lout Charges. If the loan secured by this Security instrument is subject 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 be 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 this Security Instrument unenforceable according to its terns. 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 17.
<br />14. Notices. Any notice to Borrower provided for in this Security 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 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 mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice
<br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br />in this paragraph.
<br />15. Governing Law; Severability.. This Security Instrument shall be governed by federal law and, the law 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 applicable law, such conflict shall not affect other provisions of this Security instrument or the Note
<br />which can be given effect without the conflicting provision. To 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 given one conformed copy of the Note and of this Security instrument,.
<br />17. Transfer of the Property or a Beneficial.lnterest in Borrower. if all or any part of the Property or any
<br />interest in it is sold or transferred (err 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, this option %hall not be exercised by Lender if exercise is prohibited by
<br />f.dem1law ° °o €tlic- date of this S_ —urity Instrument.
<br />If Lender exercise: this option, Lender shall give Borrower notice of acceleration The notice shall provide a period
<br />of not less than 30 days from the date the notice is delivered or mailed arthin which Borrower must pay all sums secured by
<br />-- this Security Instrument. if Borrower fails to pay these Burns prior to the expiration of this period. Lender may invoke any
<br />rc-mcdics PCrmittcd by tl:.0, Saw -,riIJ Inctr --- rent witl AuI fiirther ne.fie•e n'r,tv_manii nn 1itirinii tvf
<br />19. Borrowees,Right to Reinstate. If Borrower meet: certain conditions, !#nrrutver shall have the fight to have
<br />enforcement of this Security Instrument discontinued at any time prier to the canter of (a) 5 day's for such other period a%
<br />L applicable law may specify for reinstatement) before sale of the Property put %uant to any power of sale coniatned ai this
<br />Security instrument: or (b) entry of a judgment enforcing; this Security Imirumew 'Ihme amditnmm are Ilum normwer.
<br />(a) pays Lender all sutras which then would be due under thiv. Security Instrument aitd the Note lute no acreteraituii
<br />occurttad; (b) cures any default of any ether covenants ar agreements, (c) pa}s all expense: incurred in enforcing this
<br />Srutirity in�mument. including. best ncit limited tm reasonable attOrney� fer-,: and (d) take �u; h a01011 as I t'nder nix.
<br />reasonably require to &,sure that the lien of this Sccuiit} Insttuineiit. Leitdiu -% rights in the lkfopertr and CtvtYotwr r
<br />obligation to pay cite aunts sec:sred by this Security instrument %hall cnnitnue t:nchaitgca.l Ul1,•n rcin,t.strirrt.t by ,
<br />..Hortus%er, this Sp i�rity In %tiument :end the obligatimm.,;ccured hercb,, %hall r_titsiit fu3iy effective .t: if w"t:otter.irnm it'�et
<br />t+ccurrcc! Flossr%er. tlu; right to reinstateshall nclt app I} its thc.:a,c 0 a .rclet,stcn , utt�:cr 113taci•.it411
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